About PLUSS
PLUSS is an Energy & Utilities company based in Gurugram (India) founded in 1994, and was acquired by CUMI in August 2021. Innovative phase change materials and specialty polymers are developed by PLUSS for sustainable thermal management and packaging solutions. It operates on a Product-as-a-Service and Direct-to-Consumer (D2C) model. PLUSS has raised $4.13 million across 5 funding rounds from investors including Tata Capital, CUMI and Millennium Alliance. The company has 185 employees. PLUSS was last valued at $25.58 million in September 2021. Its Indian entity Pluss Advanced Technologies Limited reported revenue of ₹88.02 Cr. PLUSS offers products and services including Phase Change Materials (PCM), Specialty Polymers, and Celsure® Packaging Solutions. Its focus areas include Materials, Chemicals, Specialty Chemicals and Industrial Goods.
Company details
Advanced phase change materials (PCM) and specialty polymers are developed by PLUSS to address thermal energy storage and packaging needs. Solutions are provided across sectors like life sciences, healthcare, agri-food cold chain, and climate technologies. Sustainable heating, cooling, and temperature-controlled logistics are facilitated through products like Celsure packaging and PCM-based refrigerated trucks. Operations span over 40 countries, supported by DSIR-certified RD centers and ISO-certified manufacturing locations. A commitment to sustainability is maintained through initiatives like PLUSSTAINABLE, aligning development with environmental responsibility.
- Headquarters Gurugram, India
- Employees 185
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website pluss.co.in
- Social LinkedIn X Facebook YouTube
- Acquired by CUMI (Aug 2021)
- Legal Name Pluss Advanced Technologies Ltd.
- Date of Incorporation 30 Dec, 1993
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹88.02 Cr
FY 2026 · +22% YoY
- Net Profit₹1.82 Cr
FY 2026 · 2% margin
- EBITDA₹9.40 Cr
FY 2026 · 9% margin
- Total Equity Funding$4.13M (USD)
in 5 rounds
- Latest Funding Round$4.13M (USD), Series A
Sep 2021
- InvestorsTata Capital
& 5 more
- Employee Count185
- Acquired byCUMI
(Aug 2021)
Associated legal entities of PLUSS
PLUSS operates through Pluss Advanced Technologies Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pluss Advanced Technologies Limited CIN U74899TN1993PLC161495 | Active | 30 Dec 1993 | Chennai, Tamil Nadu | ₹88.0 Cr | 185 | 3 | View details |
Products & Services of PLUSS
PLUSS offers a comprehensive portfolio of products and services, including Phase Change Materials (PCM), Specialty Polymers, and Celsure® Packaging Solutions.
Innovative materials are used for sustainable temperature control.
Polymers are modified for enhanced functional packaging properties.
Temperature-controlled packaging is provided for pharmaceutical shipments.
Apps and channels of PLUSS
its YouTube channel Pluss Advanced Technologies has 211 subscribers and 30 videos.
Videos from PLUSS
The most watched videos on PLUSS's YouTube channel, Pluss Advanced Technologies (211 subscribers). Click a video to play it here.
More on Pluss Advanced Technologies.
Funding Insights of PLUSS
PLUSS has successfully raised a total of $4.13M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $4.13 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.13M
- Total Rounds 5
- Last Round Series A — $4.13M
- First Round $2.69M
(Nov 2012)
- Investors Count 6
All 5 funding rounds of PLUSS with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $4.13M | Series A | $25.58M | – | |
| Dec 2019 | $28,156 | Unspecified | $16.93M | Tata Capital | – |
| Jul 2017 | $664,708 | Grant | – | – | |
| Jun 2015 | $1.65M | Unspecified | $••••• | Tata Capital | |
| Nov 2012 | $2.69M | Unspecified | $••••• | Tata Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2021 | $25.58M | •••••••• |
| Dec 2019 | $16.93M | •••••••• |
| Jun 2015 | $••••• | •••••••• |
| Nov 2012 | $••••• | •••••••• |
Full valuation and stage history of PLUSS
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $25.58M (Sep 2021). 6 investors in total: 3 institutional and 3 angel.
Investors in PLUSS
PLUSS has secured backing from 6 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Tata Capital, CUMI and Millennium Alliance.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sector agnostic incubation program based out of India | 2011 | millenniumalliance.in | Delhi, India | |
Abrasives and ceramic fibers are manufactured by CUMI in India. | 1954 | cumi-murugappa.com | Chennai, India | |
Diversified non-banking financial services are provided by Tata Capital. | 2007 | tatacapital.com | Mumbai, India | |
AJ Ankit Jhanwar | unknown_5239a8427cf64355a | |||
DJ Devendra Jain | Angel investor and entrepreneur, founder of Atishay Limited, focusing on tech startups. | unknown_7139f751f6324ec88 | ||
AM Anil Mehta | Angel investor and entrepreneur, co-founder of BuildSupply, focused on tech startups | unknown_3d18b0b91c74481d9 |
Investor details for PLUSS
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Pluss Advanced Technologies Limited (PLUSS)
Pluss Advanced Technologies Limited is the primary company behind PLUSS. The board of Pluss Advanced Technologies Limited currently have 3 directors; the longest-serving is Samit Jain, appointed in 2000. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Samit Jain DIN 00126512 | Managing Director | 30 Nov 2000 | 25 yrs 11 mo | Pluss Advanced Technologies Limited |
| Rangarajan Sridharan DIN 01814413 | Director | 06 Oct 2021 | 5 yrs 1 mo | Pluss Advanced Technologies Limited |
| Manoj Agarwal DIN 09415311 | Director | 14 Dec 2021 | 4 yrs 10 mo | Pluss Advanced Technologies Limited |
People of PLUSS
16 people are tracked at PLUSS (7 in leadership, 9 in team); the tracked headcount is 185.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
D Jain | CEO | Leadership |
Preeti Monga | People Chief | Leadership |
Udit Mangal | Vice President & Business Head – Lifesciences | Leadership |
Vishnu Sasidharan | VP & BU Head - Climate Technologies & Marketing | Leadership |
Ravikiran Bondada | Business Head | Leadership |
Smriti Bordoloi | Head Coaching And Leadership Development | Leadership |
Roshnika Puri | Associate- HR and Communications | Team |
Rahul Bhagi | Key Account Manager : Lifesciences And Healthcare | Team |
Vidhan Srivastava | Senior Business Manager | Team |
Deepika Singhal | Sr. Manager- PCM | Team |
Sagar Chatterji | Executive_business Development | Team |
Harald Mehling | PCM & Energy Storage | Team |
Raman Chauhan | Sr. Application Development Engineer | Team |
Tarun Kumar Vaish | Senior Manager - Procurement | Team |
Nidhi Agrawal | Principal Scientist, Senior Manager | Team |
Complete people profiles for PLUSS
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of PLUSS
Figures of Pluss Advanced Technologies Limited, the primary company behind PLUSS, for FY 2026. Revenue was ₹88.02 Cr (+22% year on year). Net profit was ₹1.82 Cr (2% margin). EBITDA was ₹9.40 Cr (9% margin). Revenue has grown at a compounded annual rate of +19% over three years and +22% over five years.
- ₹88.02 CrRevenue · FY 2026 · +22% YoY
- ₹1.82 CrNet profit · 2% margin
- ₹9.40 CrEBITDA · 9% margin
- ₹51 LakhPaid-up capital
- 185Employees (provident fund records)
- +19%Revenue CAGR, 3 years
- +22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pluss Advanced Technologies Limited are on its company page.
Detailed financial statements for PLUSS
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of PLUSS
5 dated milestones of PLUSS across 27 years, from founding to its latest funding, stage changes and deals.
- Founded PLUSS is founded.
- Funding First funding round of $2.7M.
- Milestone Reaches Minicorn status.
- Exit Acquired by CUMI.
- Funding Latest funding round, Series A, of $4.1M.
Web traffic of PLUSS
The website of PLUSS (pluss.co.in) receives about 3.5K visits a month.
- Monthly visits3.5K
▼ 42.9% vs previous month
Top companies in Energy Storage Systems
2 companies that operate in the same segment as PLUSS (Energy Storage Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | USD 34.18 M | 177 |
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Related news about Pluss
Complete news archive for PLUSS
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Frequently Asked Questions about PLUSS
PLUSS was founded in 1994 and raised its 1st funding round 18 years after it was founded.
PLUSS is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
PLUSS is a funded company, having raised a total of $4.13M across 5 funding rounds to date. The company's 1st funding round was a Unspecified of $2.69M, raised on Nov 2012.
PLUSS has 185 employees.
The primary company behind PLUSS, Pluss Advanced Technologies Limited, reported revenue of ₹88.02 Cr for FY 2026, up 22% year on year.
Advanced phase change materials (PCM) and specialty polymers are developed by PLUSS to address thermal energy storage and packaging needs. Solutions are provided across sectors like life sciences, healthcare, agri-food cold chain, and climate technologies. Sustainable heating, cooling, and temperature-controlled logistics are facilitated through products like Celsure packaging and PCM-based refrigerated trucks. Operations span over 40 countries, supported by DSIR-certified RD centers and ISO-certified manufacturing locations. A commitment to sustainability is maintained through initiatives like PLUSSTAINABLE, aligning development with environmental responsibility.
PLUSS offers Phase Change Materials (PCM), Specialty Polymers, and Celsure® Packaging Solutions.
PLUSS has 6 investors. Key investors include Tata Capital, CUMI, Millennium Alliance, Ankit Jhanwar, and Devendra Jain.
The valuation of PLUSS is $25.58M as of Sep 2021.
PLUSS operates through Pluss Advanced Technologies Limited.
Yes. PLUSS was acquired by CUMI in August 2021.
The legal entities of PLUSS currently have 3 directors, including Manoj Agarwal, Rangarajan Sridharan, Samit Jain.