Plastene India Profile
Key Indicators
- Authorised Capital ₹ 36.10 Cr
- Paid Up Capital ₹ 28.20 Cr
- Company Age 26 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 662.23 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 three months. Its registered office is in Ahmedabad, Gujarat, India.
The Corporate was formerly known as Oswal Agloimpex 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 ₹662.23 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 Dhrumil Shah as CFO. Meenu Maheshwari, Prakash Parekh, Rajesh Nair, and Two other members serve as directors at the Company.
Company Details
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Location
Ahmedabad, Gujarat, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U25209GJ1998PLC034861
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Company No.
034861
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
16 Oct 1998
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Ahmedabad
Industry
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.
Who are the key members and board of directors at Plastene India?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prakash Parekh
|
Managing Director | 23-Dec-2005 | Current |
| Dhrumil Shah | CFO | 01-Nov-2022 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Meenu Maheshwari
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Director | 10-Oct-2022 | Current |
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Rajesh Nair
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Director | 07-Sep-2023 | Current |
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Velani Kantilal
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Director | 22-May-2018 | Current |
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Nidhi Parekh
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Director | 06-Jan-2020 | Current |
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%.
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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.
Related Corporates (Common Directorship)
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Palco Metals LimitedMeenu Maheshwari is a mutual person
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Plastene Polyfilms LimitedMeenu Maheshwari and Rajesh Nair are mutual person
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Hcp Enterprise Limited
Prakash Parekh is a mutual person
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K. P. Woven Private Limited
Rajesh Nair is a mutual person
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Hcp Plastene Bulkpack LimitedDhrumil Shah, Meenu Maheshwari and 1 more are mutual person
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Krishna Capital And Securities LimitedMeenu Maheshwari is a mutual person
Charges (Loans)
₹662.23 Cr
₹418.58 Cr
Charges Breakdown by Lending Institutions
- Others : 593.43 Cr
- State Bank Of India : 36.00 Cr
- Dena Bank : 25.00 Cr
- Sidbi : 7.50 Cr
- Hdfc Bank Limited : 0.31 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Mar 2023 | Sidbi | ₹7.50 Cr | Open |
| 24 Feb 2023 | Hdfc Bank Limited | ₹2.42 M | Open |
| 29 Aug 2022 | Others | ₹8.09 Cr | Open |
| 29 Aug 2022 | Others | ₹4.05 Cr | Open |
| 26 Apr 2022 | State Bank Of India | ₹36.00 Cr | Open |
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.
Deals i
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
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
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.
