About Hitesh Plastics Private Limited
Data last updated:
Hitesh Plastics 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 07 March 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH1989PTC050912. Its GSTIN is 27AAACH3437P1Z9 (Maharashtra). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.47 Cr. It is led by directors Kanhaiyalal Mannalal Mundhra and Hiteshkumar Kanhaiyalal Mundhra.
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 404 Acme Industrial Park Off I B Patel Road Goregaon East, Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.98 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹5.3 Cr (net margin -27.9%) and EBITDA of -₹2.23 Cr (EBITDA margin -11.7%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 34% over five years.
The company has about 126 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹112.71 Cr on record. Court records list 16 cases involving the company, including 12 filed by the company and 4 filed against it; 2 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 acquisition); the latest was in March 2023. The company has 9 MSME Form 1 returns on record between 2019 and 2022, listing 348 overdue payments to 60 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hiteshplastics.com.
Company details
Contact details
Hitesh Plastics Private Limited's registered office is in Mumbai, Maharashtra. Its website is hiteshplastics.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address404 Acme Industrial Park Off I B Patel Road Goregaon East, Mumbai, Maharashtra, India – 400063
- IndustryPackaging, Bottle & Cap Manufacturing
To see the full contact details of Hitesh Plastics Private Limited, 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 Hitesh Plastics is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Hitesh Plastics Private Limited, buy the company report.
Financials of Hitesh Plastics Private Limited
FY 2025 filings availableHitesh Plastics Private Limited reported revenue of ₹18.98 Cr (down 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 34% over five years, including a 26% fall in the latest year. EBITDA fell 117% 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 | -₹2.23 Cr | ||||
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| Net Profit (PAT) | -₹5.3 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 | -11.7% | ||||
| Net Profit Margin | -27.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Hitesh Plastics Private Limited, buy the company report.
Board of directors of Hitesh Plastics Private Limited
Hitesh Plastics has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanhaiyalal Mannalal Mundhra Also directs: Mundhra Millets India Private Limited, C M Mundhra Foundation | Director | 01 Apr 1993 | 33 Years 7 Months | Current |
| Hiteshkumar Kanhaiyalal Mundhra Also directs: Sun Led Products LLP | Director | 10 Apr 2005 | 21 Years 6 Months | Current |
Auditor
Hitesh Plastics Private Limited is audited by Shruti Kabra & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shruti Kabra & Associates | FY 2023 | 146816W |
Shareholding
The shareholding of Hitesh 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 Hitesh Plastics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jan 2021 | 100415983 | Hdfc Bank Limited | ₹12 Cr | Satisfied | |
| 13 Feb 2019 | 100240291 | Hdfc Bank Limited | ₹10 Cr | Satisfied | |
| 13 Dec 2017 | 100159793 | Hdfc Bank Limited | ₹20 Cr | Satisfied | |
| 03 Jun 2017 | 100111825 | Hdfc Bank Limited | ₹5 Cr | Satisfied | |
| 07 Nov 2016 | 100064685 | Hdfc Bank Limited | ₹6 Cr | Satisfied |
To see the full charge records of Hitesh Plastics Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Hitesh Plastics Private Limited has 5 deals on record (4 secondary share transfers, 1 acquisition); the latest was in March 2023.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Seller: an individual |
| Jul 2022 | Acquisition | Undisclosed | Buyer: Alternicq Limited Seller: Hitesh Plastics Private Limited |
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2021 | Secondary share transfer | Undisclosed | Seller: 3 individuals |
| Oct 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hitesh Plastics Private Limited has 16 court cases on record: 12 filed by Hitesh Plastics, 4 filed against it. 2 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 3 | 2 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M/S. Maxell Heat Exchangers Pvt. Ltd. | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M/S. Maxell Heat Exchangers Pvt. Ltd. | Disposed |
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed against the company by M/S. Maxell Heat Exchangers Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against Vinayak Manutrade Pvt. Ltd. and 3 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Vinayak Manutrade Pvt Ltd | Disposed |
To see the full case history of Hitesh 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.
Credit ratings & regulatory alerts
Hitesh Plastics Private Limited was last rated by Icra on 31 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 May 2022 |
To see the full credit ratings and regulatory alerts of Hitesh Plastics Private Limited, buy the company report.
MSME payment delays
Hitesh Plastics Private Limited has 9 MSME Form 1 returns on record between 2019 and 2022, listing 348 overdue payments to 60 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 60)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Pack Well ( India ) | |||
| Perfect Colourants and Plastics Private Limited | |||
| Vexxon Films Private Limited | |||
| Capital Colours & Additives Industries Private Limited |
To see the full MSME payment records of Hitesh Plastics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hitesh Plastics Private Limited has a workforce of 126 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
Hitesh Plastics has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH3437P1Z9 | Maharashtra | Active | 01 Jul 2017 |
| 26AAACH3437P2ZA | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2019 |
To see the full GST registrations and return filing status of Hitesh Plastics Private Limited, buy the company report.
Recent activity
Hitesh Plastics Private Limited has 6 board changes on record since 1993: 2 appointments and 4 cessations. The latest: Bhagwandas Gilda ceased to be Director on 31 Dec 2021.
17 earlier events are in the company report.
Frequently asked questions
Hitesh Plastics 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 07 March 1989 (37+ years old) and is registered under CIN U25209MH1989PTC050912.
Hitesh Plastics has 2 current directors:
- Kanhaiyalal Mannalal Mundhra - Director
- Hiteshkumar Kanhaiyalal Mundhra - Director
The latest financial statements of Hitesh 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 Hitesh Plastics is 27AAACH3437P1Z9, registered in Maharashtra. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 26AAACH3437P2ZA (Dadra and Nagar Haveli and Daman and Diu).
The CIN (Corporate Identification Number) of Hitesh Plastics is U25209MH1989PTC050912. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hitesh Plastics has 16 court cases on record: 12 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Hitesh Plastics was incorporated on 07 March 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Hitesh Plastics has 5 deals on record (4 secondary share transfers, 1 acquisition); the latest was in March 2023.
Bhagwandas Gilda ceased to be Director on 31 Dec 2021. Arya Mittara ceased to be Director on 31 Jul 2012. Sanjay Kumar Ramshiromani Singh ceased to be Director on 31 Jul 2012. Hitesh Plastics has 6 board changes on record in total.
Hitesh Plastics has 9 MSME Form 1 returns on record between 2019 and 2022, listing 348 overdue payments to 60 micro and small suppliers. The latest return was filed on 03 Oct 2023.
Hitesh Plastics can be reached through the website hiteshplastics.com. Its registered office is in Mumbai, Maharashtra, India.
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