MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0057285
Gulnar Plastics Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹214.07 Cr
▼ 4% YoY
Net profit · FY 2025
₹12.14 Cr
Net margin 5.7%
EBITDA · FY 2025
₹22.86 Cr
EBITDA margin 10.7%
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹27.44 Cr
Issued & subscribed
Open charges
₹91.8 Cr
Satisfied ₹56.79 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
758
Provident fund records
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 5 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, 1 larger and 4 smaller; the largest is Nakoda Plast Industries Private Limited with revenue of ₹214.35 Cr.
Gulnar Plastics Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0057285). 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.
Company details
CIN U25200MH1995PTC084321
Registration Number 084321
Incorporation Date 04 January 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Boon Investment And Trading Company Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0057285
CIN history
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 |
Key People
Rajagopalan Balasubramaniam Director Siddhant Vikram Saboo Director Laxmidevi Laxmikumar Saboo Director Recognitions & Rankings of Gulnar Plastics
Contact details
Gulnar Plastics Private Limited's registered office is in Mumbai, Maharashtra. Its website is gulnarplastics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address20 Poddar Chambers S A Brelvi Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Gulnar Plastics Private Limited, buy the company report.
Comprehensive company report
Gulnar Plastics 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
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 |
Business activity
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 | 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 Gulnar Plastics Private Limited, buy the company report.
Financials of Gulnar Plastics Private Limited
FY 2025 filings availableGulnar Plastics Private Limited reported revenue of ₹214.07 Cr (down 4% YoY) for FY 2025.
Revenue · FY 2025
₹214.07 Cr ▼ 4%
Net profit · FY 2025
₹12.14 Cr margin 5.7%
EBITDA · FY 2025
₹22.86 Cr margin 10.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 4%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 29%
5 years · compounded
▲ 29%
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Gulnar Plastics Private Limited, buy the company report.
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.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajagopalan Balasubramaniam | Director | 01 Apr 2013 | 13 Years 7 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 11 Months | Current |
| Laxmidevi Laxmikumar Saboo | Director | 02 Dec 2015 | 10 Years 11 Months | Current |
| Malti Dialdas Kirpalani | Director | 29 Nov 2017 | 8 Years 11 Months | Current |
| Anshul Vikram Saboo | Director | 19 Jul 2023 | 3 Years 3 Months | Current |
Peer comparison
Gulnar Plastics Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Nakoda Plast Industries Private Limited | ₹214.35 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Gulnar Plastics Private Limitedthis company | ₹214.07 Cr (FY 2025) | ₹12.14 Cr | 5.7% | -4.0% | 758 | Mumbai, Maharashtra, India |
| Radiant Innovative Manufacturing Limited | ₹212.7 Cr (FY 2025) | -2.0% | Delhi, India | |||
| C J Polytech Private Limited | ₹209.31 Cr (FY 2025) | 2.0% | Sriperumpudur, Tamil Nadu, India | |||
| N.P. Agro (India) Industries Private Limited | ₹207.16 Cr (FY 2025) | 18.0% | Bareilly, Uttar Pradesh, India | |||
| Superfil Products Private Limited | ₹206.16 Cr (FY 2025) | 1.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Gulnar Plastics Private Limited, buy the company report.
Auditor
Gulnar Plastics Private Limited is audited by RAGHUPATHI KALAPPA SHETTY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAGHUPATHI KALAPPA SHETTY | FY 2023 |
Shareholding
The shareholding of Gulnar Plastics Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gulnar Plastics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹91.8 Cr
Satisfied charges
₹56.79 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Nov 2025 | 101200778 | Hdfc Bank Limited | ₹40 Lakh | Open | |
| 08 Aug 2025 | 101150450 | Yes Bank Limited | ₹25 Cr | Open | |
| 11 Dec 2024 | 101036879 | Hdfc Bank Limited | ₹40 Lakh | Open | |
| 04 Dec 2023 | 100875211 | Others | ₹67.7 Lakh | Open | |
| 04 Aug 2023 | 100773470 | Yes Bank Limited | ₹62 Cr | Open |
To see the full charge records of Gulnar Plastics Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
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.
Total deals
9
Secondary share transfers
5
Funding rounds
4
Disclosed funding
₹29.8 Cr
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 |
To see the full deal history of Gulnar Plastics 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
Gulnar Plastics Private Limited has 3 court cases on record: 1 filed by Gulnar Plastics, 2 filed against it. All cases are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Disposed
3
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 Gen. Ins. Co. Ltd., Through IT Manager | 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, DNH at Silvasa | Court case (I.D.R. - DISTRICT) | Filed by the company against an individual | Disposed |
To see the full case history of Gulnar Plastics 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gulnar Plastics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gulnar Plastics Private Limited has a workforce of 758 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
758
Active EPFO establishments
1
Employee growth
-9.44%
GST
Gulnar Plastics has 6 GST registrations: 3 active and 3 cancelled or inactive.
Total GSTINs
6
Active
3
Cancelled / inactive
3
| 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 |
To see the full GST registrations and return filing status of Gulnar Plastics Private Limited, buy the company report.
Recent activity
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.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.40 Cr with Charge ID 101200778 was registered on 04 Nov 2025.
AGM
Gulnar Plastics Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Yes Bank Limited of Rs. 25.00 Cr registered on 08 Aug 2025 with Charge ID 101150450 was modified on 22 Sep 2025.
Charges
A charge with Yes Bank Limited amounted to Rs. 25.00 Cr with Charge ID 101150450 was registered on 08 Aug 2025.
Charges
A charge with Yes Bank Limited of Rs. 62.00 Cr registered on 04 Aug 2023 with Charge ID 100773470 was modified on 07 May 2025.
Filing
Gulnar Plastics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 30 Aug 2022 via Charge ID 100606663 with Others was fully satisfied on 07 Mar 2025.
Charges
A charge registered on 29 Oct 2019 via Charge ID 100309502 with Others was fully satisfied on 07 Mar 2025.
Charges
A charge registered on 18 Dec 2017 via Charge ID 100146646 with Others was fully satisfied on 07 Mar 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.40 Cr with Charge ID 101036879 was registered on 11 Dec 2024.
Charges
A charge with Others amounted to Rs. 0.68 Cr with Charge ID 100875211 was registered on 04 Dec 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 3.00 Cr with Charge ID 100773471 was registered on 04 Aug 2023.
40 earlier events are in the company report.
Frequently asked questions
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 has 5 current directors:
- Rajagopalan Balasubramaniam - Director
- Siddhant Vikram Saboo - Director
- Laxmidevi Laxmikumar Saboo - Director
- Malti Dialdas Kirpalani - Director
- Anshul Vikram Saboo - Director
The latest financial statements of Gulnar 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 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 Nakoda Plast Industries Private Limited, Radiant Innovative Manufacturing Limited, C J Polytech Private Limited, N.P. Agro (India) Industries Private Limited, Superfil Products Private Limited, 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).
Anshul Vikram Saboo was appointed as Director on 19 Jul 2023. Malti Dialdas Kirpalani was appointed as Director on 29 Nov 2017. Lalit Prakash Tapuriah ceased to be Director on 24 Oct 2017. Gulnar Plastics has 17 board changes on record in total.
Yes, Gulnar Plastics is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0057285).
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