Solve Plastic Products Ltd

Founded in 1994 and headquartered in Kerala, India.

1994 | Kollam, Kerala (India) | Active
Last Updated:

Solve Plastic Products Profile

Key Indicators

  • Authorised Capital ₹ 7.00 Cr
  • Paid Up Capital ₹ 4.37 Cr
  • Company Age 30 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 14.26 Cr
  • Satisfied Charges ₹ 11.45 Cr
  • Revenue Growth 11.61%
  • Profit Growth 395.41%
  • Ebitda 80.90%
  • Net Worth 166.36%
  • Total Assets 2.81%

About Solve Plastic Products

Solve Plastic Products Ltd (SPPL) is a leading Public Limited Indian Non-Government Company incorporated in India on 04 October 1994 and has a history of 30 years and five months. Its registered office is in Kollam, Kerala, India.

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 2024. It's a company limited by shares with an authorized capital of Rs 7.00 Cr and a paid-up capital of Rs 4.37 Cr.

The company currently has active open charges totaling ₹14.26 Cr. The company has closed loans amounting to ₹11.45 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Solve Plastic Products Ltd India are Divya Ajnthakumari as COMPANY SECRETARY and Prasad Ppallil as Cfo. Keshav Mohan, Deepthi Santhakumary, Shankar Kumar, and Nine other members serve as directors at the Company.

Company Details

  • Location

    Kollam, Kerala, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U25209KL1994PLC008231

  • Company No.

    008231

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    04 Oct 1994

  • Date of AGM

    16 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ernakulam

Industry

Manufacturing

What products or services does Solve Plastic Products Ltd offer?

Solve Plastic Products Ltd offers a wide range of products and services, including Electrical Conduits and Fittings, Conduit Pipes, PVC Pipe Fittings, PVC Fittings, Solvent Cements, PVC Pipes, Rigid PVC Pipes.

Who are the key members and board of directors at Solve Plastic Products?

Executive Team (3)

NameDesignationAppointment DateStatus
Sudheer Nair Country flag representing In Managing Director04-Oct-1994Current
Divya Ajnthakumari Company Secretary13-Mar-2024Current
Prasad Ppallil CFO18-Jan-2024Current

Board Members (11)

NameDesignationAppointment DateStatus
Keshav Mohan Country flag representing In Director 18-Jan-2024Current
Deepthi Santhakumary Country flag representing In Director 18-Jan-2024Current
Shankar Kumar Country flag representing In Director 18-Jan-2024Current
Govind Vinodkumar Country flag representing In Director 18-Jan-2024Current
Suresh Pillai Country flag representing In Director 19-Mar-2024Current
Biju Nair Country flag representing In Director 26-Mar-2024Current

Financial Performance of Solve Plastic Products.

Solve Plastic Products Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 11.61% increase. The company also saw a substantial improvement in profitability, with a 395.41% increase in profit. The company's net worth Soared by an impressive increase of 166.36%.

Solve Plastic Products revenue growth over time
Solve Plastic Products 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
11.61%
Revenue from Operations
10.36%
Total Assets
2.81%
Profit or Loss
395.41%
Net Worth
166.36%
EBITDA
80.90%

What is the Ownership and Shareholding Structure of Solve Plastic Products?

In 2023, Solve Plastic Products had a promoter holding of 66.80% and a public holding of 33.20%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹14.26 Cr

Satisfied Charges

₹11.45 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 14.11 Cr
  • Axis Bank Limited : 0.15 Cr

Latest Charge Details

DateLenderAmountStatus
27 Dec 2023Axis Bank Limited₹1.46 MOpen
04 Jun 2020State Bank Of India₹1.63 CrOpen
13 Mar 2015State Bank Of India₹3.98 CrOpen
23 Apr 2014State Bank Of India₹8.50 CrOpen
14 Jun 2019Axis Bank Limited₹2.96 MSatisfied

How Many Employees Work at Solve Plastic Products?

Solve Plastic Products has a workforce of 153 employees as of Apr 06, 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 Solve Plastic Products Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Solve Plastic Products, 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 Solve Plastic Products'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 Solve Plastic Products

Recent activity within the organization

  • Charges

    A charge registered on 14 Jun 2019 via Charge ID 100268747 with Axis Bank Limited was fully satisfied on 27 Sep 2024.

  • Annual General Meeting

    Solve Plastic Products Ltd last Annual general meeting of members was held on 16 Aug 2024 as per latest MCA records.

  • Charges

    A charge registered on 09 Jan 2019 via Charge ID 100231683 with Others was fully satisfied on 30 May 2024.

  • Balance Sheet

    Solve Plastic Products Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.

  • Director Appointment

    Biju Divakaran Nair was appointed as a Director was appointed as a Director on 26 Mar 2024 & has been associated with this company since 1 year 3 days .

  • Director Appointment

    Dineshchandran Sarojiniamma Ramachandran Nair was appointed as a Director was appointed as a Director on 26 Mar 2024 & has been associated with this company since 1 year 3 days .

Frequently asked questions

  • What is the Incorporation or founding date of Solve Plastic Products Ltd?

    Solve Plastic Products Ltd was incorporated on 04 Oct 1994.

  • What is authorized share capital and paid-up capital of Solve Plastic Products Ltd?

    The authorized share capital of Solve Plastic Products Ltd is ₹ 7.00 Cr and paid-up capital is ₹ 4.37 Cr.

  • Who are the current board members & directors of Solve Plastic Products Ltd?

    Currently 14 directors are associated with Solve Plastic Products Ltd.

    • Keshav Mohan
    • Deepthi Santhakumary
    • Shankar Sudheer Kumar
    • Govind Vinodkumar
    • Suresh K Pillai
    • Divya Ajnthakumari
    • Prasad Kizhakkematta Ppallil
    • Biju Divakaran Nair
    • Balakrishnan Nair
    • Dineshchandran Sarojiniamma Ramachandran Nair
    • Narayana Kurup Asokan
    • Susil Balakrishnan Nair
    • Sudheer Kumar Balakrishnan Nair
    • Aravind Sudheer Kumar

  • What is the registered address of Solve Plastic Products Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Solve Plastic Products Ltd is Door No Xiii/690/Abctholicode Punalur India, Kollam, Kerala, 691333.

  • What is the corporate identification number (CIN) and company number of Solve Plastic Products Ltd?

    The corporate identification number (CIN) of Solve Plastic Products Ltd is U25209KL1994PLC008231 and the company number is 008231 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Solve Plastic Products Ltd?

    The Official website of Solve Plastic Products Ltd is https://www.balcopipes.com

  • What has been the recent revenue trend for Solve Plastic Products Ltd?

    According to the financial reports for the fiscal year 2023, the revenue trend for Solve Plastic Products Ltd has risen by 11.61%.

  • How many employees does Solve Plastic Products Ltd currently have?

    As Per 2023 financial reports, 153 employees are currently employed by Solve Plastic Products Ltd.

  • What change has been observed in the net worth of Solve Plastic Products Ltd, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Solve Plastic Products Ltd has experienced an upsurge of 166.36%.

  • What are the total open charges for Solve Plastic Products Ltd?

    As per the financial statements for fiscal Year 2023, The total open charges for Solve Plastic Products Ltd amount to ₹ 14.26 Cr.

  • When was the last Balance Sheet of Solve Plastic Products Ltd filed with the ROC?

    The most recent Balance Sheet for Solve Plastic Products Ltd was filed with the ROC on 31 Mar 2024.

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