About Ethio Plastics Pvt Ltd
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Ethio Plastics Pvt Ltd is a private limited company based in Vadodara, Gujarat, India. It operates in the engineering components retail and distribution segment of the engineering sector. It was incorporated on 03 July 1972 and has been in existence for over 54 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209GJ1972PTC002118. Its GSTIN is 27AAACE4587D1ZO (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors including Nitin Nagindas Varia (Managing Director) and Jyotsna Nitin Varia.
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 61 Kunj Socalkapuri, Vadodara, Gujarat, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.59 Cr, a decline of 59% compared to the previous year. For the same year it recorded a net profit of ₹2.17 Cr (net margin 60.4%) and EBITDA of ₹3.37 Cr (EBITDA margin 93.9%). Revenue has declined at a compounded annual rate (CAGR) of 37% over three years and 23% over five years.
As per MCA filings, the company has satisfied charges of ₹1.15 Cr on record. Court records list 2 cases involving the company, including 2 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 ethioplastics.com.
Company details
Contact details
Ethio Plastics Pvt Ltd's registered office is in Vadodara, Gujarat. Its website is ethioplastics.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address61 Kunj Socalkapuri, Vadodara, Gujarat, India
- IndustryEngineering, Engineering Components Retail & Distribution
To see the full contact details of Ethio Plastics Pvt Ltd, 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 Ethio Plastics is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Ethio Plastics Pvt Ltd, buy the company report.
Financials of Ethio Plastics Pvt Ltd
FY 2025 filings availableEthio Plastics Pvt Ltd reported revenue of ₹3.59 Cr (down 59% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 59% fall in the latest year. EBITDA rose 184% 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 |
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| EBITDA | ₹3.37 Cr | ||||
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| Net Profit (PAT) | ₹2.17 Cr | ||||
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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 | 93.9% | ||||
| Net Profit Margin | 60.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ethio Plastics Pvt Ltd, buy the company report.
Board of directors of Ethio Plastics Pvt Ltd
Ethio Plastics has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyotsna Nitin Varia | Director | 30 Jan 1974 | 52 Years 9 Months | Current |
| Kishor Laxman Kapodskar | Director | 17 Feb 2022 | 4 Years 8 Months | Current |
| Nitin Nagindas Varia | Managing Director | 03 Jul 1972 | 54 Years 4 Months | Current |
Auditor
Ethio Plastics Pvt Ltd is audited by Jitendra Gandhi & Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jitendra Gandhi & Co. | FY 2016 |
Shareholding
The shareholding of Ethio Plastics Pvt Ltd is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ethio Plastics Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2012 | 10347612 | Union Bank of India | ₹75 Lakh | Satisfied | |
| 25 Jan 1991 | 90108722 | Central Bank of India | ₹13.8 Lakh | Satisfied | |
| 18 Jan 1990 | 90108616 | Central Bank of India | ₹30,000 | Satisfied | |
| 08 Apr 1988 | 90111076 | Central Bank of India | ₹11 Lakh | Satisfied | |
| 20 Feb 1987 | 90108388 | Central Bank of India | ₹50,000 | Satisfied |
To see the full charge records of Ethio Plastics Pvt Ltd, buy the company report.
Total charge records: 7 View all charges
Legal cases
Ethio Plastics Pvt Ltd has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by individuals | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Commissioner of Income Tax I | Disposed |
To see the full case history of Ethio Plastics Pvt Ltd, 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 Ethio Plastics Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ethio Plastics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE4587D1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ethio Plastics Pvt Ltd, buy the company report.
Recent activity
Ethio Plastics Pvt Ltd has 7 board changes on record since 1972: 3 appointments and 4 cessations. The latest: Prafull Amilal Desai ceased to be Director on 29 Apr 2023.
13 earlier events are in the company report.
Frequently asked questions
Ethio Plastics is an active private limited company based in Vadodara, Gujarat, India. The company works in engineering components retail and distribution, within the engineering industry. It was incorporated on 03 July 1972 (54+ years old) and is registered under CIN U25209GJ1972PTC002118.
Ethio Plastics has 3 current directors:
- Nitin Nagindas Varia - Managing Director
- Jyotsna Nitin Varia - Director
- Kishor Laxman Kapodskar - Director
The latest financial statements of Ethio Plastics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ethio Plastics is 27AAACE4587D1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ethio Plastics is U25209GJ1972PTC002118. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethio Plastics has 2 court cases on record: 2 filed against it.
Ethio Plastics was incorporated on 03 July 1972, making it 54+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Prafull Amilal Desai ceased to be Director on 29 Apr 2023. Kishor Laxman Kapodskar was appointed as Director on 17 Feb 2022. Achint Nitin Varia ceased to be Director on 30 Jul 2018. Ethio Plastics has 7 board changes on record in total.
Ethio Plastics can be reached through the website ethioplastics.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Ethio Plastics is at 61 Kunj Socalkapuri, Vadodara, Gujarat, India.
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