Plastene India Limited

Manufacturer and distributor of various plastic products and materials, with large production capacity.

1998 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Plastene India Profile

Key Indicators

  • Authorised Capital ₹ 36.10 Cr
  • Paid Up Capital ₹ 28.20 Cr
  • Company Age 26 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 765.26 Cr
  • Satisfied Charges ₹ 418.58 Cr
  • Revenue Growth -9.48%
  • Profit Growth 61.93%
  • Ebitda -2.03%
  • Net Worth 4.29%
  • Total Assets -0.92%

About Plastene India

Plastene India Limited (PIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 16 October 1998 and has a history of 26 years and six months. Its registered office is in Ahmedabad, Gujarat, India.

The Corporate was formerly known as Oswal Agloimpex Private Limited. The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 36.10 Cr and a paid-up capital of Rs 28.20 Cr.

The company currently has active open charges totaling ₹765.26 Cr. The company has closed loans amounting to ₹418.58 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Plastene India Limited India is Velani Kantilal as CFO. Prakash Parekh, Meenu Maheshwari, Nidhi Parekh, and Three other members serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U25209GJ1998PLC034861

  • Company No.

    034861

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    16 Oct 1998

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Manufacturing

What products or services does Plastene India Limited offer?

Plastene India Limited offers a wide range of products and services, including Packaging Films & Foils, Plastic Film, BOPP Bags, Printed Bopp Bag, Woven Bags, Filament Yarn, Multifilament Yarn, Additive Masterbatches, Filler Masterbatch, Non Woven Bag.

Company report

Plastene India Limited

Explore comprehensive data for Plastene India Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Plastene India?

Executive Team (2)

NameDesignationAppointment DateStatus
Prakash Parekh Country flag representing In Managing Director23-Dec-2005Current
Velani Kantilal CFO07-Jun-2024Current

Board Members (4)

NameDesignationAppointment DateStatus
Meenu Maheshwari Country flag representing In Director 10-Oct-2022Current
Nidhi Parekh Country flag representing In Director 06-Jan-2020Current
Dilendra Singh Director 08-Aug-2024Current
Rajesh Nair Country flag representing In Director 07-Sep-2023Current

Financial Performance of Plastene India.

Plastene India Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 9.48% decrease. The company also saw a substantial improvement in profitability, with a 61.93% increase in profit. The company's net worth moved up by a moderate rise of 4.29%.

Plastene India revenue growth over time
Plastene India profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-9.48%
Revenue from Operations
-9.69%
Total Assets
-0.92%
Profit or Loss
61.93%
Net Worth
4.29%
EBITDA
-2.03%

What is the Ownership and Shareholding Structure of Plastene India?

In 2023, Plastene India had a promoter holding of 76.65% and a public holding of 23.35%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹765.26 Cr

Satisfied Charges

₹418.58 Cr

Charges Breakdown by Lending Institutions

  • Others : 696.25 Cr
  • State Bank Of India : 36.00 Cr
  • Dena Bank : 25.00 Cr
  • Sidbi : 7.50 Cr
  • Hdfc Bank Limited : 0.31 Cr
  • Others : 0.21 Cr

Latest Charge Details

DateLenderAmountStatus
03 Dec 2024Others₹92.82 CrOpen
21 Oct 2024The South Indian Bank Limited₹2.05 MOpen
24 Mar 2023Sidbi₹7.50 CrOpen
24 Feb 2023Hdfc Bank Limited₹2.42 MOpen
29 Aug 2022Others₹8.09 CrOpen

How Many Employees Work at Plastene India?

Plastene India has a workforce of 670 employees as of Mar 21, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Plastene India Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Plastene India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Plastene India's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Plastene India

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 92.82 Cr with Charge ID 101023228 was registered on 03 Dec 2024.

  • Charges

    A charge with The South Indian Bank Limited amounted to Rs. 0.21 Cr with Charge ID 101006109 was registered on 21 Oct 2024.

  • Charges

    A charge with Others of Rs. 38.00 Cr registered on 18 Dec 2021 with Charge ID 100521278 was modified on 14 Aug 2024.

  • Director Appointment

    Dilendra Vir Singh was appointed as a Director was appointed as a Director on 08 Aug 2024 & has been associated with this company since 8 months 18 days .

  • Director Appointment

    Velani Rajan Kantilal was appointed as a Cfo was appointed as a Cfo on 07 Jun 2024 & has been associated with this company since 10 months 19 days .

  • Annual General Meeting

    Plastene India Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Plastene India Limited?

    Plastene India Limited was incorporated on 16 Oct 1998.

  • What is authorized share capital and paid-up capital of Plastene India Limited?

    The authorized share capital of Plastene India Limited is ₹ 36.10 Cr and paid-up capital is ₹ 28.20 Cr.

  • Who are the current board members & directors of Plastene India Limited?

    Currently 7 directors are associated with Plastene India Limited.

    • Prakash Hiralal Parekh
    • Meenu Maheshwari
    • Nidhi Abhishek Parekh
    • Dilendra Vir Singh
    • Velani Rajan Kantilal
    • Rajesh M K Nair
    • Velani Rajan Kantilal

  • What is the registered address of Plastene India Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Plastene India Limited is H.B.Jirawala House 13 Nav Bharat Society Opp.Punchsheel Bus Stand, Usmanpura India, Ahmedabad, Gujarat, 380013.

  • What is the corporate identification number (CIN) and company number of Plastene India Limited?

    The corporate identification number (CIN) of Plastene India Limited is U25209GJ1998PLC034861 and the company number is 034861 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Plastene India Limited?

    The Official website of Plastene India Limited is https://www.champalalgroup.com

  • What has been the recent revenue trend for Plastene India Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Plastene India Limited has fallen by -9.48%.

  • How many employees does Plastene India Limited currently have?

    As Per 2023 financial reports, 670 employees are currently employed by Plastene India Limited.

  • What change has been observed in the net worth of Plastene India Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Plastene India Limited has experienced an upsurge of 4.29%.

  • What are the total open charges for Plastene India Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Plastene India Limited amount to ₹ 765.26 Cr.

  • When was the last Balance Sheet of Plastene India Limited filed with the ROC?

    The most recent Balance Sheet for Plastene India Limited was filed with the ROC on 31 Mar 2023.

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