About Bluplast Industries Limited
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Bluplast Industries Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 14 January 1999.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25200MH1999PLC117874. Its GSTIN is 27AABCT0420F1ZW (Maharashtra). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹7.72 Cr. It was formerly known as Bluplast Industries Private Limited and Thermo Plast Industries Private Limited. It is led by directors including Kamleshkumar Lalchand Jain (Managing Director) and Indermal Pannalal Jain (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Gala No 113&114 Vivek Industrial Estate Goregaon (East), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2018, the company reported a revenue of ₹17.53 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹3.63 Cr (net margin -20.7%) and EBITDA of -₹2.99 Cr (EBITDA margin -17%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years.
The company has about 60 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹146.82 Cr and satisfied charges of ₹28.24 Cr on record. Court records list 36 cases involving the company, including 2 filed by the company and 34 filed against it; 12 cases are pending.
The last known website on record is bluplast.com.
Company details
Name history
Bluplast Industries has undergone 3 name changes throughout its history. The company was previously known as Bluplast Industries Private Limited, Thermo Plast Industries Private Limited, and Thermo Plast Industries Pvt Ltd. The current legal name is Bluplast Industries Limited.
| Company Name | Status |
|---|---|
| Bluplast Industries Limited | Current |
| Bluplast Industries Private Limited | Previous |
| Thermo Plast Industries Private Limited | Previous |
| Thermo Plast Industries Pvt Ltd | Previous |
CIN history
Bluplast Industries has one previous CIN (Corporate Identification Number): L25200MH1999PLC117874. The current CIN is U25200MH1999PLC117874, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25200MH1999PLC117874 | Current |
| L25200MH1999PLC117874 | Previous |
Contact details
Bluplast Industries Limited's registered office is in Mumbai, Maharashtra. Its website is bluplast.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressGala No 113&114 Vivek Industrial Estate Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Bluplast Industries Limited, buy the company report.
- 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
Business activity
The main business activity of Bluplast Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Bluplast Industries Limited, buy the company report.
Financials of Bluplast Industries Limited
FY 2018 filings availableBluplast Industries Limited reported revenue of ₹17.53 Cr (down 8% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 41% over three years, including a 8% fall in the latest year. EBITDA rose 89% 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹17.53 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹2.99 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹3.63 Cr | |||
| 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -17% | |||
| Net Profit Margin | -20.7% | |||
| 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 | ||||
To see the full financial statements and ratios of Bluplast Industries Limited, buy the company report.
Board of directors of Bluplast Industries Limited
Bluplast Industries has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Indermal Pannalal Jain | Whole-Time Director | 14 Jan 1999 | 27 Years 9 Months | As last reported |
| Kamleshkumar Lalchand Jain Also directs: Carbon Moulders Private Limited | Managing Director | 27 Feb 1999 | 27 Years 8 Months | As last reported |
| Dilipkumar Bhatia Lalchand Also directs: Akarshta Impex Private Limited, Shouli Solution Private Limited | Additional Director | 17 Sep 2014 | 12 Years 1 Months | As last reported |
Peer comparison
Bluplast Industries Limited is compared with the 9 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prithviraj Plastics Private Limited | ₹17.63 Cr (FY 2024) | 121.0% | Pune, Maharashtra, India | |||
| Harionkar Polymart Private Limited | ₹17.62 Cr (FY 2025) | 28.0% | Hooghly, West Bengal, India | |||
| Cosmos Fibre Glass Limited | ₹17.61 Cr (FY 2025) | -3.0% | Delhi, India | |||
| Rajani Polypack Private Limited | ₹17.61 Cr (FY 2025) | -31.0% | Hubli, Karnataka, India | |||
| Bluplast Industries Limitedthis company | ₹17.53 Cr (FY 2018) | -₹3.63 Cr | -20.7% | -8.0% | Mumbai, Maharashtra, India | |
| Raigarh Plastics Private Limited | ₹17.52 Cr (FY 2025) | -23.0% | Thane, Maharashtra, India | |||
| Invictus Polypack (International) Private Limited | ₹17.51 Cr (FY 2024) | -27.0% | Morbi, Gujarat, India | |||
| Ramachandra Polypacks Private Limited | ₹17.49 Cr (FY 2024) | 3.0% | Bangalore, Karnataka, India | |||
| South India Polypro Private Limited | ₹17.47 Cr (FY 2024) | 113.0% | Gummidipundi, Tamil Nadu, India | |||
| Pioneer Polyplast Private Limited | ₹17.46 Cr (FY 2025) | 32.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Bluplast Industries Limited, buy the company report.
Auditor
Bluplast Industries Limited is audited by AJAY SHOBHA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AJAY SHOBHA & CO | FY 2018 | 317031E |
Shareholding
The shareholding of Bluplast Industries Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Bluplast Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2014 | 10511805 | Siemens Financial Services Private Limited | ₹57.8 Lakh | Open | |
| 25 Mar 2014 | 10511803 | Siemens Financial Services Private Limited | ₹1.07 Cr | Open | |
| 31 Oct 2011 | 10315340 | Hdfc Bank Limited | ₹24 Cr | Open | |
| 25 Mar 2010 | 10213962 | The Shamrao Vithal Co-Op. Bank Ltd. | ₹6.8 Cr | Open | |
| 18 Mar 2010 | 10211754 | The Shamrao Vithal Co-Op. Bank Ltd. | ₹6.8 Cr | Open |
To see the full charge records of Bluplast Industries Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Bluplast Industries Limited has 36 court cases on record: 2 filed by Bluplast Industries, 34 filed against it. 12 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 25 | 11 |
| High courts | 8 | 7 | 1 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Siemens Financial Services Pvt Ltd Th.Mr. Vaibhav Priyadarshi | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| NCLT, Mumbai | Court case (MA(IBC)) | Filed against the company by Icici Bank Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Icici Bank Ltd | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Siemens Financial Services Private Limited | Disposed |
To see the full case history of Bluplast Industries Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bluplast Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bluplast Industries has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCT0420F1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bluplast Industries Limited, buy the company report.
Recent activity
Bluplast Industries Limited has 8 board changes on record since 1999: 3 appointments and 5 cessations. The latest: Jitendra Kunverji Gala ceased to be Director on 20 Sep 2014.
17 earlier events are in the company report.
Frequently asked questions
Bluplast Industries is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Bluplast Industries is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 14 January 1999 and is registered under CIN U25200MH1999PLC117874. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Bluplast Industries has 3 current directors:
- Kamleshkumar Lalchand Jain - Managing Director
- Indermal Pannalal Jain - Whole-Time Director
- Dilipkumar Bhatia Lalchand - Additional Director
The latest financial statements of Bluplast Industries on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Bluplast Industries is U25200MH1999PLC117874. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bluplast Industries has open charges of ₹146.82 Cr and satisfied charges of ₹28.24 Cr as per latest MCA filings.
Bluplast Industries has 36 court cases on record: 2 filed by the company and 34 filed against it. 12 are pending. Most are in the district courts.
Bluplast Industries was incorporated on 14 January 1999. It is registered with the Registrar of Companies, Mumbai.
The peers of Bluplast Industries by revenue are Prithviraj Plastics Private Limited, Harionkar Polymart Private Limited, Cosmos Fibre Glass Limited, Rajani Polypack Private Limited, Raigarh Plastics Private Limited and 4 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Jitendra Kunverji Gala ceased to be Director on 20 Sep 2014. Dilipkumar Bhatia Lalchand was appointed as Additional Director on 17 Sep 2014. Anandilal Jailal Oza ceased to be Director on 16 Sep 2014. Bluplast Industries has 8 board changes on record in total.
Bluplast Industries can be reached through the website bluplast.com. Its registered office is in Mumbai, Maharashtra, India.
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