About Greif India Plastics Private Limited
Data last updated:
Greif India Plastics Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Ipackchem Group Sas. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 01 October 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25200MH2007PTC174647. Its GSTIN is 26AAFCM3054L1ZC (Daman & Diu). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5.56 Cr and a paid-up capital of ₹3.76 Cr. It is led by directors including Karthik Ramesh Pillai (Whole-Time Director) and Matthew Edward Leahy.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹185.01 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹11.42 Cr (net margin 6.2%) and EBITDA of ₹50.11 Cr (EBITDA margin 27.1%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 39% over five years.
The company has about 229 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mullackal Polymers. As per MCA filings, the company has satisfied charges of ₹7.6 Cr on record. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹86.99 Cr; the latest was in January 2024. Its 6 peer companies in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 4 smaller; the largest is DLJM Houseware Private Limited with revenue of ₹187.73 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 mullackal.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address1st Floor 64 – D, Government Industrial Estate, Mumbai, Maharashtra, India – 400067
- IndustryManufacturing, Plastic-Based Products
- 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
Associated Brands
Greif India Plastics operates one associated brand: Mullackal Polymers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Plastic containers, caps, and bottles are manufactured for agrochemical packaging. | mullackal.com |
Business Activity
The main business activity of Greif India Plastics 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
Financials of Greif India Plastics Private Limited
FY 2025 filings availableGreif India Plastics Private Limited reported revenue of ₹185.01 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 11% growth in the latest year. EBITDA rose 65% 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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 | ₹50.11 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹11.42 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 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 27.1% | |
| Net Profit Margin | 6.2% | |
| 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, and every line for FY 2020-21 to FY 2023-24, 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 Greif India Plastics are in the company report.
: available in the company report
Board of Directors of Greif India Plastics Private Limited
Greif India Plastics has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karthik Ramesh Pillai | Whole-Time Director | 01 Oct 2012 | 14 Years 0 Months | Current |
| Matthew Edward Leahy | Director | 23 Dec 2024 | 1 Years 9 Months | Current |
| Yie Min Chen | Director | 05 Jan 2025 | 1 Years 9 Months | Current |
| Tan Peck Ling Also directs: Balmer Lawrie-Van Leer Limited | Director | 24 Apr 2024 | 2 Years 5 Months | Current |
Peer Comparison
Greif India Plastics Private Limited is compared with the 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). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| DLJM Houseware Private Limited | ₹187.73 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Noida, Uttar Pradesh, India |
| Consult Techniques (India) Private Limited | ₹185.79 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Delhi, India |
| Greif India Plastics Private Limited this company | ₹185.01 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Qrex Flex Private Limited | ₹184.26 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Surat, Gujarat, India |
| Ag Industries (Bawal) Private Limited | ₹177.17 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Bawal, Haryana, India |
| Pacoline Industries Private Limited | ₹176.86 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Pune, Maharashtra, India |
| Shree TNB Polymers Limited | ₹175.7 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Silvassa, Dadra and Nagar Haveli, India |
Peers are the companies nearest to Greif India Plastics by revenue, above and below it, 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. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Greif India Plastics Private Limited is audited by S H R & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S H R & Co. | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Oct 2010 | State Bank of India | ₹3.8 Cr | Satisfied |
| 29 Sep 2010 | State Bank of India | ₹3.8 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding
Greif India Plastics Private Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹86.99 Cr; the latest was in January 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: Greif France Plastics Group Sas Seller: 3 individuals |
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: Greif France Plastics Group Sas Seller: 4 individuals |
| Dec 2021 | Funding round | ₹85 Cr | Investors: Greif France Plastics Group Sas |
| Jan 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2010 | Funding round | ₹1.49 Cr | Investors: 2 individuals |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance
Greif India Plastics Private Limited has a workforce of 229 employees as of Apr 05, 2024.
: available in the company report
Recent Activity
Greif India Plastics Private Limited has 16 board changes on record since 2007: 10 appointments and 6 cessations. The latest: Yie Min Chen was appointed as Director on 05 Jan 2025.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Greif India Plastics has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAFCM3054L1ZC | Daman & Diu | Active | 01 Aug 2020 |
| 24AAFCM3054L1ZG | Gujarat | Active | 13 Dec 2021 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Greif India Plastics is an active private limited company based in Mumbai, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 01 October 2007 (19+ years old) and is registered under CIN U25200MH2007PTC174647.
Greif India Plastics has 4 current directors:
- Karthik Ramesh Pillai - Whole-Time Director
- Matthew Edward Leahy - Director
- Yie Min Chen - Director
- Tan Peck Ling - Director
The latest financial statements of Greif India 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 Greif India Plastics is 26AAFCM3054L1ZC, registered in Daman & Diu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAFCM3054L1ZG (Gujarat).
The CIN (Corporate Identification Number) of Greif India Plastics is U25200MH2007PTC174647. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Greif India Plastics was incorporated on 01 October 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Greif India Plastics has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹86.99 Cr; the latest was in January 2024.
The peers of Greif India Plastics by revenue are DLJM Houseware Private Limited, Consult Techniques (India) Private Limited, Qrex Flex Private Limited, Ag Industries (Bawal) Private Limited, Pacoline Industries Private Limited and 1 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).
Yie Min Chen was appointed as Director on 05 Jan 2025. Matthew Edward Leahy was appointed as Director on 23 Dec 2024. Philippe Jacques Marty ceased to be Director on 04 Dec 2024. Greif India Plastics has 16 board changes on record in total.
Greif India Plastics can be reached through the website mullackal.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Greif India Plastics is at 1st Floor 64 – D, Government Industrial Estate, Mumbai, Maharashtra, India – 400067.