Company Intelligence Profile
Garuda Polyflex Foods Private Limited
Bangalore-based JV between Indonesia's Garuda Food (Tudung Group) and India's Polyflex Group, manufacturing "Gone Mad" branded wafer sticks and coated-wafer snacks since 2011.
CIN: U15400KA2011PTC059287ActiveRegistrar of Companies, Karnataka (Bangalore)Confidence: medium-high — identity/directors/business-overview/charges/legal corroborated by 2+ sources
AI OverviewGenerated from public records
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Garuda Polyflex Foods Private Limited |
|---|---|
| CIN | U15400KA2011PTC059287 |
| PAN | AAECG3047L (source: Tofler) |
| Status | Active |
| Listing | Unlisted (private limited company; not listed on any stock exchange) |
| Incorporated | 23 June 2011 |
| ROC | Registrar of Companies, Karnataka (Bangalore) |
| Sector (NIC) | Manufacturing — food products/snacks and beverages (wafer sticks, coated wafers, crackers). Explicit NIC code not shown on any accessible source ("not obtained"). |
| Registered address | Two addresses on file across sources — Tofler: "Plot No. 11, Jigani Link Road, Bommasandra Industrial Area, Jigani, Bangalore, Anekal, Karnataka, 560105"; TheCompanyCheck: "Plot No. 261, Sara Square First Floor, Srirampura Circle, Bommasandra Jigani Link Road, Anekal, Karnataka, 560105" (same Jigani/Bommasandra industrial belt, minor address-format variance — likely factory vs. registered-office plot number). |
| Authorized capital | ₹50.0 crore (source: Tofler, TheCompanyCheck) |
| Paid-up capital | ₹44.0 crore (source: Tofler, TheCompanyCheck) |
Business Overview
Confirmed- Trades as "Gone Mad" — manufactures wafer-based snacks (wafer sticks/cubes, coated wafers, crackers) across 25+ SKUs in 6 categories
- Company is a June 2011 joint venture between Garuda Food (Indonesia, part of the Tudung Group — a ~$700M, 25-year food & beverage conglomerate) and the Polyflex Group (Bangalore-based, ~$50M diversified group)
- Factory inaugurated July 2012 at Jigani/Bommasandra, Karnataka
- first products (Choco Sticks) launched August 2012
- crossed ₹100 crore revenue milestone in December 2019
- Sources: gpfoods.co.in (About Us), Tofler (parent listed as "M/S. PT Tudung Putra Putri Jaya")
Directors
Partial / conflicting| Name | DIN | Role | Appointed |
|---|---|---|---|
| Anand Balram Nichani | 00943135 | director since ~2014 per Tofler tenure calc / TheCompanyCheck lists appointment 10 Dec 2014 | - |
| Hartono Atmadja | 03622492 | director since 21 Nov 2011 — the original JV-era appointment, represents the Garuda Food/Indonesia side | - |
| Ashok George | 07054615 | - | 19 Jun 2024 |
Financials
Partial / conflicting- FY2024-25 (ended 31 Mar 2025) revenue: ₹27.1 crore per Tofler (a ~45% YoY decline)
- TheCompanyCheck/Tofler paywall separately indicated FY2023-24 revenue in the "₹25–50 crore" band with a reported ~31% YoY revenue decline, ~18.7% net-worth decline and ~47.6% borrowings decline vs FY2022-23 — the two Tofler figures (27.1 Cr terminal vs. the prior-year comparison band) are directionally consistent (steep decline) but not numerically reconciled into a clean multi-year table since exact EBITDA/PAT/net worth/borrowings figures are paywalled ("GET PRO") on all accessible sources
- Reported margins (basis unclear — likely FY23-24): gross margin 10.0%, operating margin 10.85%, net profit margin 2.92%
- Employees (EPFO, as of 30 Mar 2024): 153, down 19.9% YoY
- Standalone vs. consolidated basis not specified by source
- No annual report/results PDF was locatable via accessible mirrors
Charges & Loans
Confirmed- Two charges on record per Tofler: (1) Open — The Hongkong and Shanghai Banking Corporation Limited, ₹3.0 crore, created 01 Sep 2023, status Open
- (2) Satisfied — United Overseas Bank Limited, ₹3.0 crore, created 07 Jan 2013, status Satisfied
- Total open charges: ₹3 crore
- total satisfied: ₹3 crore
Legal
Confirmed- Indian Kanoon shows an active commercial dispute: Deepak Kumar Gupta vs. M/S Garuda Polyflex Foods Private Limited, Delhi High Court, Case No. 1695/2025 (hearings recorded 2 Sep 2025, 6 Nov 2025, 9 Mar 2026), rooted in an earlier Delhi District Court commercial suit CS(COMM) No. 236/2020 (hearing recorded 4 Oct 2024)
- Separately, an older Madras High Court employment-related writ petition, K. Velavan vs. The Managing Director (hearings 24 & 27 Jul 2017), touching the company's Bangalore operations
- No judgment outcomes/amounts were extractable — only docket/hearing entries
Competitors
Confirmed- Named FMCG/snacks peers of comparable or larger scale in the Indian wafer/extruded-snacks category: Prataap Snacks Ltd (Yellow Diamond) — listed, large scale
- DFM Foods Ltd (Crax) — listed, mid scale
- ITC Ltd (Bingo!) — listed conglomerate, very large scale
- Britannia Industries (snacks/wafer adjacencies) — listed, very large scale
- Balaji Wafers Pvt Ltd — large unlisted regional player
- Haldiram's — very large unlisted player
- Garuda Polyflex (Gone Mad, ~₹27-50 Cr revenue band) is a small/niche player relative to these peers
Frequently Asked Questions
What does Garuda Polyflex Foods Private Limited do?
Bangalore-based JV between Indonesia's Garuda Food (Tudung Group) and India's Polyflex Group, manufacturing "Gone Mad" branded wafer sticks and coated-wafer snacks since 2011.
What is the CIN of Garuda Polyflex Foods Private Limited?
The Corporate Identification Number (CIN) of Garuda Polyflex Foods Private Limited is U15400KA2011PTC059287.
Where is Garuda Polyflex Foods Private Limited registered?
Garuda Polyflex Foods Private Limited is registered with Registrar of Companies, Karnataka (Bangalore). Registered address: Two addresses on file across sources — Tofler: "Plot No.
When was Garuda Polyflex Foods Private Limited incorporated?
Garuda Polyflex Foods Private Limited was incorporated on 23 June 2011.
Looking for business funding?
Recur Club is India's largest AI-native debt platform - working capital, term loans and structured debt from 150+ lending partners, without diluting equity.