India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,320 Ramawatar Saraogi & family ₹1,700 Cr
Revenue · FY 2025
₹935.58 Cr
▲ 22% YoY
Net profit · FY 2025
₹54.54 Cr
Net margin 5.8%
EBITDA · FY 2025
₹153.24 Cr
EBITDA margin 16.4%
Authorised capital
₹8.45 Cr
Registered with MCA
Paid-up capital
₹4.05 Cr
Issued & subscribed
Open charges
₹432.64 Cr
Satisfied ₹98.04 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
685
Provident fund records
About Chemco Plastic Industries Private Limited
Data last updated:
Chemco Plastic Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the bottle and cap manufacturing segment of the packaging sector. It was incorporated on 06 February 1996 and has been in existence for over 30 years.
Its director Ramawatar Saraogi and family are #1,320 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH1996PTC096963. Its GSTIN is 27AABCN0098H1ZG (Maharashtra). The company holds 9 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹8.45 Cr and a paid-up capital of ₹4.05 Cr. It was formerly known as Net-Guard Polynet Private Limited. It is led by directors including Vaibhav Ramawatar Saraogi and Anushree Vaibhav Saraogi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 78 Virwani Indl.Estateoff Western Express Highway Goregaon (E), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2025, the company reported a revenue of ₹935.58 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹54.54 Cr (net margin 5.8%) and EBITDA of ₹153.24 Cr (EBITDA margin 16.4%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 22% over five years.
The company has about 685 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: G PET and Chemco. As per MCA filings, the company has open charges of ₹432.64 Cr and satisfied charges of ₹98.04 Cr on record. Court records list 22 cases involving the company, including 15 filed by the company and 7 filed against it; 10 cases are pending. The company has 17 deals on record (10 funding rounds, 7 secondary share transfers), with disclosed funding of ₹22.07 Cr; the latest was in January 2023. Its 5 peer companies in the Packaging industry (Bottles and Caps), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 1 larger and 4 smaller; the largest is Alternicq Limited with revenue of ₹2,584.03 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chemcogroup.com.
Company details
CIN U25209MH1996PTC096963
Registration Number 096963
Incorporation Date 06 February 1996
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
CIN history
Chemco Plastic Industries has one previous CIN (Corporate Identification Number): U25209MH2004PTC096963. The current CIN is U25209MH1996PTC096963, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209MH1996PTC096963 | Current |
| U25209MH2004PTC096963 | Previous |
Recognitions & Rankings of Chemco Plastic Industries
Contact details
Chemco Plastic Industries Private Limited's registered office is in Mumbai, Maharashtra. Its website is chemcogroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address78 Virwani Indl.Estateoff Western Express Highway Goregaon (E), Mumbai, Maharashtra, India – 400063
- IndustryPackaging, Bottle & Cap Manufacturing
To see the full contact details of Chemco Plastic Industries Private Limited, buy the company report.
Comprehensive company report
Chemco Plastic Industries Private Limited - one report that includes everything
- 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
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Brands
Chemco Plastic Industries operates two associated brands: G PET and Chemco. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers kitchen storage solutions, jars, and water bottles for everyday use online. | g-pet.in | |
| Manufacturer of plastic packaging products | chemcogroup.com |
Business activity
The main business activity of Chemco Plastic 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 Chemco Plastic Industries Private Limited, buy the company report.
Financials of Chemco Plastic Industries Private Limited
FY 2024 filings availableChemco Plastic Industries Private Limited reported revenue of ₹935.58 Cr (up 22% YoY) for FY 2025.
Revenue · FY 2025
₹935.58 Cr ▲ 22%
Net profit · FY 2025
₹54.54 Cr margin 5.8%
EBITDA · FY 2025
₹153.24 Cr margin 16.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 18%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 15%
5 years · compounded
▲ 24%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 22% growth in the latest year. EBITDA rose 10% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹153.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹54.54 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.4% | ||||
| Net Profit Margin | 5.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Chemco Plastic Industries Private Limited, buy the company report.
Board of directors and KMP of Chemco Plastic Industries Private Limited
Chemco Plastic Industries Private Limited currently reports 4 directors and 1 key managerial person. 4 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaibhav Ramawatar Saraogi Also directs: Chemco Kandoi Rpet Private Limited, Mangla Gupta Plantations Private Limited, Chemco Corporation Private Limited and 2 more | Director | 01 Dec 2008 | 17 Years 10 Months | Current |
| Anushree Vaibhav Saraogi Also directs: Mangla Gupta Plantations Private Limited, Chemco Corporation Private Limited, Chemco Recycling Private Limited and 1 more | Director | 12 Apr 2016 | 10 Years 6 Months | Current |
| Aditya Desai | Cfo | 29 Sep 2020 | 6 Years 1 Months | Current |
| Ramawatar Ishwarprasad Saraogi Also directs: Chemco Kandoi Rpet Private Limited | Director | 06 Feb 1996 | 30 Years 8 Months | Current |
| Bimla Ramawatar Saraogi | Director | 06 Feb 1996 | 30 Years 8 Months | Current |
Peer comparison
Chemco Plastic Industries Private Limited is compared with the 5 companies closest to it by revenue in the Packaging industry (Bottles and Caps), 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 |
|---|---|---|---|---|---|---|
| Alternicq Limited | ₹2,584.03 Cr (FY 2025) | 21.0% | Manesar, Haryana, India | |||
| Chemco Plastic Industries Private Limitedthis company | ₹935.58 Cr (FY 2025) | ₹54.54 Cr | 5.8% | 22.0% | 685 | Mumbai, Maharashtra, India |
| Tpac Packaging India Private Limited | ₹827.57 Cr (FY 2025) | 13.0% | Jogeshwari East, Maharashtra, India | |||
| SSF Plastics India Limited | ₹805.39 Cr (FY 2025) | 27.0% | Solan H P, Himachal Pradesh, India | |||
| Nishant Mouldings Private Limited | ₹651.39 Cr (FY 2024) | 18.0% | Bangalore, Karnataka, India | |||
| Guala Closures (India) Private Limited | ₹577.44 Cr (FY 2024) | -15.0% | Goa, India |
To see the full peer comparison of Chemco Plastic Industries Private Limited, buy the company report.
Auditor
Chemco Plastic Industries Private Limited is audited by Kirtane & Pandit LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kirtane & Pandit LLP | FY 2024 | 105215W / W100057 |
Shareholding
The shareholding of Chemco Plastic Industries Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Chemco Plastic Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹432.64 Cr
Satisfied charges
₹98.04 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Nov 2025 | 101198271 | Others | ₹13.2 Cr | Open | |
| 19 Nov 2025 | 101191431 | Others | ₹1.75 Cr | Open | |
| 08 Aug 2025 | 101147093 | Others | ₹10.72 Lakh | Open | |
| 08 Aug 2025 | 101147083 | Others | ₹19.65 Lakh | Open | |
| 30 Jul 2025 | 101135163 | Others | ₹6.3 Cr | Open |
To see the full charge records of Chemco Plastic Industries Private Limited, buy the company report.
Total charge records: 45 View all charges
Deals & funding
Chemco Plastic Industries Private Limited has 17 deals on record (10 funding rounds, 7 secondary share transfers), with disclosed funding of ₹22.07 Cr; the latest was in January 2023.
Total deals
17
Funding rounds
10
Secondary share transfers
7
Disclosed funding
₹22.07 Cr
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Gaurav Containers Limited |
| Mar 2014 | Funding round | ₹2.24 Cr | Investors: Gaurav Containers Limited |
| Jan 2013 | Funding round | ₹3.5 Cr | Investors: Ram Avatar I & Sons (HUF), Gaurav Containers Limited , 2 individuals |
| Feb 2011 | Funding round | ₹2.92 Cr | Investors: Ram Avatar I & Sons (HUF), Gaurav Containers Limited , Bimla Ram Avatar Saraogi & Ram Avatar I & Sons (HUF), an individual |
| Feb 2011 | Secondary share transfer | Undisclosed | Seller: Gaurav Containers Limited , Ram Avatar I & Sons (HUF), 2 individuals |
To see the full deal history of Chemco Plastic Industries Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Chemco Plastic Industries Private Limited has 22 court cases on record: 15 filed by Chemco Plastic Industries, 7 filed against it. 10 cases are pending and 12 are disposed.
Total cases
22
Filed by the company
15
Filed against the company
7
Pending
10
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 5 | 7 |
| High courts | 4 | 1 | 3 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Silvassa, The Dadra And Nagar Haveli And Daman And Diu | Cheque dishonour complaint | Filed by the company against Xotik Frujus Private Limited (Cin No. U15134dd2007ptc004764) and 07 Oth | Pending |
| District court, Silvassa, DNH at Silvasa | Cheque dishonour complaint | Filed by the company against First Care India Private Limited and 02 Oth. and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Jai Hanuman Irrigation Ltd. and 4 others | Pending |
| District court, Silvassa, DNH at Silvasa | Cheque dishonour complaint | Filed by the company against Seven Hills Beverages Limited and 06 Oth. and 6 others | Disposed |
| District court, Silvassa, DNH at Silvasa | Court case (CRI. REVISION) | Filed against the company by M/S G. A. Industries Pvt Ltd and 2 Oth and 2 others | Disposed |
To see the full case history of Chemco Plastic Industries Private 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.
Credit ratings & regulatory alerts
Chemco Plastic Industries Private Limited was last rated by Icra on 10 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 10 Feb 2022 |
To see the full credit ratings and regulatory alerts of Chemco Plastic Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Chemco Plastic Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Chemco Plastic Industries has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Chemco Recycling Private Limited | U22203MH2023PTC409794 |
To see the full group structure of Chemco Plastic Industries Private Limited, buy the company report.
Employees & EPFO
Chemco Plastic Industries Private Limited has a workforce of 685 employees on its EPFO records as of Aug 02, 2024, across 4 active EPFO establishments.
Employee count
685
Active EPFO establishments
4
Employee growth
12.85%
GST
Chemco Plastic Industries has 9 GST registrations: 8 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
8
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCN0098H1ZG | Maharashtra | Active | 01 Jul 2017 |
| 27AABCN0098H2ZF | Maharashtra | Active | 01 Mar 2020 |
| 24AABCN0098H1ZM | Gujarat | Active | 01 Jul 2017 |
| 26AABCN0098H2ZH | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Chemco Plastic Industries Private Limited, buy the company report.
Recent activity
Chemco Plastic Industries Private Limited has 9 board changes on record since 1996: 5 appointments and 4 cessations. The latest: Aditya Desai was appointed as CFO on 29 Sep 2020.
Charges
A charge with Others amounted to Rs. 13.20 Cr with Charge ID 101198271 was registered on 20 Nov 2025.
Charges
A charge with Others amounted to Rs. 1.75 Cr with Charge ID 101191431 was registered on 19 Nov 2025.
Charges
A charge with Others amounted to Rs. 0.11 Cr with Charge ID 101147093 was registered on 08 Aug 2025.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 101147083 was registered on 08 Aug 2025.
Charges
A charge with Others amounted to Rs. 6.30 Cr with Charge ID 101135163 was registered on 30 Jul 2025.
Charges
A charge with Others of Rs. 5.00 Cr registered on 12 Jun 2025 with Charge ID 101108401 was modified on 30 Jun 2025.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101108401 was registered on 12 Jun 2025.
Charges
A charge with Others amounted to Rs. 0.31 Cr with Charge ID 101097899 was registered on 07 May 2025.
Charges
A charge with Others of Rs. 65.00 Cr registered on 18 Apr 2019 with Charge ID 100263680 was modified on 25 Apr 2025.
Charges
A charge registered on 14 Dec 2023 via Charge ID 100837175 with Axis Bank Limited was fully satisfied on 19 Apr 2025.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101073784 was registered on 27 Mar 2025.
Charges
A charge with Others of Rs. 17.50 Cr registered on 24 Apr 1998 with Charge ID 90158876 was modified on 27 Jan 2025.
81 earlier events are in the company report.
Frequently asked questions
Chemco Plastic Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in bottle and cap manufacturing, within the packaging industry. It was incorporated on 06 February 1996 (30+ years old) and is registered under CIN U25209MH1996PTC096963.
Chemco Plastic Industries has 5 current directors and KMP:
- Vaibhav Ramawatar Saraogi - Director
- Anushree Vaibhav Saraogi - Director
- Ramawatar Ishwarprasad Saraogi - Director
- Bimla Ramawatar Saraogi - Director
- Aditya Desai - Cfo
The latest financial statements of Chemco Plastic Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Chemco Plastic Industries is 27AABCN0098H1ZG, registered in Maharashtra. The company has 9 GST registrations in all, of which 8 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCN0098H2ZF (Maharashtra), 24AABCN0098H1ZM (Gujarat), 26AABCN0098H2ZH (Dadra and Nagar Haveli and Daman and Diu).
The CIN (Corporate Identification Number) of Chemco Plastic Industries is U25209MH1996PTC096963. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chemco Plastic Industries has 22 court cases on record: 15 filed by the company and 7 filed against it. 10 are pending. Most are in the district courts.
Chemco Plastic Industries was incorporated on 06 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Chemco Plastic Industries has 17 deals on record (10 funding rounds, 7 secondary share transfers), with disclosed funding of ₹22.07 Cr; the latest was in January 2023.
The peers of Chemco Plastic Industries by revenue are Alternicq Limited, Tpac Packaging India Private Limited, SSF Plastics India Limited, Nishant Mouldings Private Limited, Guala Closures (India) Private Limited, all in the Packaging industry (Bottles and Caps), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Aditya Desai was appointed as CFO on 29 Sep 2020. Vaibhav Ramawatar Saraogi ceased to be Director on 30 Nov 2018. Anushree Vaibhav Saraogi ceased to be Additional Director on 30 Sep 2016. Chemco Plastic Industries has 9 board changes on record in total.
Chemco Plastic Industries can be reached through the website chemcogroup.com. Its registered office is in Mumbai, Maharashtra, India.
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