About Gulnar Plastics Private Limited
Data last updated:
Gulnar Plastics Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Boon Investment And Trading Company Private Limited. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 04 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25200MH1995PTC084321. Its GSTIN is 27AAACG2966J3ZC (Maharashtra). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹27.44 Cr. It was formerly known as Gulnar Trading and Investment Private Limited. It is led by directors including Rajagopalan Balasubramaniam and Siddhant Vikram Saboo.
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 20 Poddar Chambers S A Brelvi Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹214.07 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹12.14 Cr (net margin 5.7%) and EBITDA of ₹22.86 Cr (EBITDA margin 10.7%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 22% over five years.
The company has about 758 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Gulnar Plastics. As per MCA filings, the company has open charges of ₹91.8 Cr and satisfied charges of ₹56.79 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it. The company has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹29.8 Cr; the latest was in August 2024. Its 10 peer companies in the Manufacturing industry (Plastic Based Products) are compared by revenue, 5 larger and 5 smaller; the largest is Ribest Ribbons and Bows (India) Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gulnarplastics.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address20 Poddar Chambers S A Brelvi Road Fort, Mumbai, Maharashtra, India – 400001
- 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
Business Activity of Gulnar Plastics Private Limited
The main business activity of Gulnar 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
Verified entity values are shown only after access is granted.
Financials of Gulnar Plastics Private Limited FY 2025 filings available
Gulnar Plastics Private Limited reported revenue of ₹214.07 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Gulnar Plastics Private Limited
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA fell 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 of Gulnar Plastics Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹22.86 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12.14 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 of Gulnar Plastics Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Gulnar Plastics 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 Gulnar Plastics Private Limited
Gulnar Plastics Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Plastic Based Products). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ribest Ribbons and Bows (India) Private Limited | •••• | •••• | •••• | •••• | - | Visakhapatnam, Andhra Pradesh, India |
| Seal for Life India Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Marcus Oils & Chemicals Private Limited | •••• | •••• | •••• | •••• | - | West Bengal, India |
| Nakoda Plast Industries Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Horizon Performance Polyurethane Private Limited | •••• | •••• | •••• | •••• | - | Rohad Bahadurgarh, Haryana, India |
| Gulnar Plastics Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Radiant Innovative Manufacturing Limited | •••• | •••• | •••• | •••• | 594 | Delhi, India |
| C J Polytech Private Limited | •••• | •••• | •••• | •••• | - | Sriperumpudur, Tamil Nadu, India |
| S.D. Polymer Private Limited. | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| N.P. Agro (India) Industries Private Limited | •••• | •••• | •••• | •••• | - | Bareilly, Uttar Pradesh, India |
| Superfil Products Private Limited | •••• | •••• | •••• | •••• | 386 | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Gulnar Plastics by revenue in the Manufacturing industry (Plastic Based Products), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Gulnar Plastics Private Limited
Gulnar Plastics Private Limited is audited by RAGHUPATHI KALAPPA SHETTY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAGHUPATHI KALAPPA SHETTY | 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 Gulnar Plastics Private Limited
Gulnar Plastics has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajagopalan Balasubramaniam | Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Siddhant Vikram Saboo Also directs: Nucleus Energy Private Limited, Summervilla Trading and Agencies Pvt Ltd, Levram Lifesciences Private Limited and 1 more | Director | 02 Dec 2015 | 10 Years 10 Months | Current |
| Laxmidevi Laxmikumar Saboo | Director | 02 Dec 2015 | 10 Years 10 Months | Current |
| Malti Dialdas Kirpalani | Director | 29 Nov 2017 | 8 Years 10 Months | Current |
| Anshul Vikram Saboo | Director | 19 Jul 2023 | 3 Years 2 Months | Current |
Ownership and Shareholding of Gulnar Plastics 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 Gulnar Plastics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Nov 2025 | Hdfc Bank Limited | ₹40 Lakh | Open |
| 08 Aug 2025 | Yes Bank Limited | ₹25 Cr | Open |
| 11 Dec 2024 | Hdfc Bank Limited | ₹40 Lakh | Open |
| 04 Dec 2023 | Others | ₹67.7 Lakh | Open |
| 04 Aug 2023 | Yes Bank Limited | ₹62 Cr | Open |
Total charge records: 18 View all charges
Deals & Funding of Gulnar Plastics Private Limited
Gulnar Plastics Private Limited has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹29.8 Cr; the latest was in August 2024.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2021 | Secondary share transfer | Undisclosed | Seller: Boon Investment Trading Company Private Limited, Jovial Investment Trading Company Private Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Vibhuti Multi Trade Private Limited |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Gulnar Plastics Private Limited
Gulnar Plastics Private Limited has 3 court cases on record: 1 filed by Gulnar Plastics, 2 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (MACP. Dkst.) | Filed against the company by Tata Aig General Insurance Company Limited | Disposed |
| District court, Thane, Maharashtra | Court case (MACP M.A.N.R.J.I.) | Filed against the company by an individual | Disposed |
| District court, Silvassa, The Dadra And Nagar Haveli And Daman And Diu | Court case (I.D.R. - DISTRICT) | 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.
Associated Brands with Gulnar Plastics Private Limited
Gulnar Plastics operates one associated brand: Gulnar Plastics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of woven plastic products for building and packaging purposes in India. | gulnarplastics.com |
Employees and EPFO Compliance at Gulnar Plastics Private Limited
Gulnar Plastics Private Limited has a workforce of 758 employees as of Apr 07, 2024.
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.
CIN History of Gulnar Plastics Private Limited
Gulnar Plastics has one previous CIN (Corporate Identification Number): U51220MH1995PTC084321. The current CIN is U25200MH1995PTC084321, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25200MH1995PTC084321 | Current |
| U51220MH1995PTC084321 | Previous |
Recent Activity on Gulnar Plastics Private Limited
Gulnar Plastics Private Limited has 17 board changes on record since 1998: 11 appointments and 6 cessations. The latest: Anshul Vikram Saboo was appointed as Director on 19 Jul 2023.
40 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Gulnar Plastics 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 Gulnar Plastics 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 Gulnar Plastics 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 Gulnar Plastics Private Limited
Gulnar Plastics has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG2966J3ZC | Maharashtra | Active | 20 Oct 2023 |
| 27AAACG2966J4ZB | Maharashtra | Active | 01 May 2025 |
| 26AAACG2966J1ZG | Dadra and Nagar Haveli and Daman and Diu | 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 Gulnar Plastics 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 Gulnar Plastics Private Limited
Gulnar 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 04 January 1995 (31+ years old) and is registered under CIN U25200MH1995PTC084321.
Gulnar Plastics reported revenue of ₹214.07 Cr for FY 2025 (down 4% YoY).
Gulnar Plastics has 5 current directors:
- Rajagopalan Balasubramaniam - Director
- Siddhant Vikram Saboo - Director
- Laxmidevi Laxmikumar Saboo - Director
- Malti Dialdas Kirpalani - Director
- Anshul Vikram Saboo - Director
Gulnar Plastics reported a net profit of ₹12.14 Cr (net margin 5.7%) and EBITDA of ₹22.86 Cr (EBITDA margin 10.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Gulnar Plastics is 4% over three years and 22% over five years. In the latest year (FY 2025) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Gulnar Plastics is 27AAACG2966J3ZC, registered in Maharashtra. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAACG2966J4ZB (Maharashtra), 26AAACG2966J1ZG (Dadra and Nagar Haveli and Daman and Diu).
The CIN (Corporate Identification Number) of Gulnar Plastics is U25200MH1995PTC084321. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gulnar Plastics has 3 court cases on record: 1 filed by the company and 2 filed against it.
Gulnar Plastics was incorporated on 04 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Gulnar Plastics has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹29.8 Cr; the latest was in August 2024.
The peers of Gulnar Plastics by revenue are Ribest Ribbons and Bows (India) Private Limited, Seal for Life India Private Limited, Marcus Oils & Chemicals Private Limited, Nakoda Plast Industries Private Limited, Horizon Performance Polyurethane Private Limited and 5 more, all in the Manufacturing industry (Plastic Based Products).