About Balaji Polyplast Private Limited
Data last updated:
Balaji Polyplast Private Limited is a private limited company based in Dhoraji, Gujarat, India, recognised as a startup by DPIIT. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 02 August 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25201GJ2001PTC039840. Its GSTIN is 24AABCB6310Q1ZO (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Dilip Vrujlal Vaishnav and Shamjibhai Gandalal Vaishnav.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jamnawad Road, Dhoraji, Gujarat, India – 360410.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.15 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹47.11 Lakh (net margin 2.6%) and EBITDA of ₹1.2 Cr (EBITDA margin 6.6%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 10% over five years.
As per MCA filings, the company has open charges of ₹26.8 Lakh and satisfied charges of ₹2.3 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balajipolyplast.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressJamnawad Road, Dhoraji, Gujarat, India – 360410
- IndustryPackaging, Packaging Films & Foils
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Balaji Polyplast Private Limited
The main business activity of Balaji Polyplast is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Balaji Polyplast Private Limited FY 2025 filings available
Balaji Polyplast Private Limited reported revenue of ₹18.15 Cr (up 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Balaji Polyplast Private Limited
Revenue rose 6% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA rose 22% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Balaji Polyplast Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.2 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹47.11 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Balaji Polyplast Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Balaji Polyplast are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Balaji Polyplast Private Limited
Balaji Polyplast Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Films and Foils). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Filmpac Private Limited | ₹18.65 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| Sukriti Enterprises Private Limited | ₹18.6 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | New Delhi, Delhi, India |
| Rajvarsh Industries Private Limited | ₹18.52 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Nagpur, Maharashtra, India |
| GSP Labels Private Limited | ₹18.27 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | New Delhi, Delhi, India |
| Kushboo Plastics Private Limited | ₹18.15 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Gwalior, Madhya Pradesh, India |
| Balaji Polyplast Private Limited this company | ₹18.15 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Dhoraji, Gujarat, India |
| Jain Alufoils Private Limited | ₹18.12 Cr (FY 2024) | •••• | •••• | 45.0% | •••• | Silvassa, Dadra and Nagar Haveli, India |
| S S Polyfilms Private Limited | ₹18.03 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Uttar Pradesh, India |
| Durasign Brand Solutions Private Limited | ₹18.02 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Pune, Maharashtra, India |
| Shreeambe Imprints Private Limited | ₹17.84 Cr (FY 2019) | •••• | •••• | 13.0% | •••• | Mysore, Karnataka, India |
| Prakash Labels Private Limited | ₹17.66 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Balaji Polyplast by revenue in the Packaging industry (Films and Foils), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Balaji Polyplast Private Limited
Balaji Polyplast Private Limited is audited by HIMMAT GANGVANI AND CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HIMMAT GANGVANI AND CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Balaji Polyplast Private Limited
Balaji Polyplast has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Vrujlal Vaishnav | Director | 30 May 2022 | 4 Years 4 Months | Current |
| Shamjibhai Gandalal Vaishnav | Director | 02 Aug 2001 | 25 Years 2 Months | Current |
| Jitubhai Khimjibhai Dhaduk | Director | 02 Aug 2001 | 25 Years 2 Months | Current |
| Vinodkumar Bhagvanjibhai Vasoya | Director | 02 Aug 2001 | 25 Years 2 Months | Current |
Ownership and Shareholding of Balaji Polyplast Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Balaji Polyplast Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jun 2025 | Others | ₹26.8 Lakh | Open |
| 24 Oct 2005 | Others | ₹2.3 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Balaji Polyplast Private Limited
Balaji Polyplast Private Limited has 3 court cases on record: 2 filed by Balaji Polyplast, 1 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Appeal | Filed by the company against Gujarat Electricity Board, (Presently Pgvcl) | Disposed |
| District court, RAJKOT, Gujarat | Court case (SPCS) | Filed against the company by an individual | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against an individual | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Balaji Polyplast Private Limited
Employment history and EPFO contributions of people linked to Balaji Polyplast.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Balaji Polyplast Private Limited
Balaji Polyplast Private Limited has 6 board changes on record since 2001: 4 appointments and 2 cessations. The latest: Dilip Vrujlal Vaishnav ceased to be Additional Director on 30 Sep 2022.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Balaji Polyplast Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Balaji Polyplast Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Balaji Polyplast Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Balaji Polyplast Private Limited
Balaji Polyplast has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCB6310Q1ZO | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Balaji Polyplast Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Balaji Polyplast Private Limited
Balaji Polyplast is an active private limited company based in Dhoraji, Gujarat, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 02 August 2001 (25+ years old) and is registered under CIN U25201GJ2001PTC039840.
Balaji Polyplast reported revenue of ₹18.15 Cr for FY 2024 (up 6% YoY).
Balaji Polyplast has 4 current directors:
- Dilip Vrujlal Vaishnav - Director
- Shamjibhai Gandalal Vaishnav - Director
- Jitubhai Khimjibhai Dhaduk - Director
- Vinodkumar Bhagvanjibhai Vasoya - Director
Balaji Polyplast reported a net profit of ₹47.11 Lakh (net margin 2.6%) and EBITDA of ₹1.2 Cr (EBITDA margin 6.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Balaji Polyplast is 9% over three years and -10% over five years. In the latest year (FY 2024) revenue rose 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Balaji Polyplast is 24AABCB6310Q1ZO, registered in Gujarat.
The CIN (Corporate Identification Number) of Balaji Polyplast is U25201GJ2001PTC039840. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaji Polyplast has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
Balaji Polyplast was incorporated on 02 August 2001, making it 25+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Balaji Polyplast by revenue are Filmpac Private Limited, Sukriti Enterprises Private Limited, Rajvarsh Industries Private Limited, GSP Labels Private Limited, Kushboo Plastics Private Limited and 5 more, all in the Packaging industry (Films and Foils).
Dilip Vrujlal Vaishnav ceased to be Additional Director on 30 Sep 2022. Dilip Vrujlal Vaishnav was appointed as Director on 30 May 2022. Shamjibhai Gandalal Vaishnav ceased to be Managing Director on 22 Dec 2020. Balaji Polyplast has 6 board changes on record in total.