About Joyful Plastics Private Limited
Data last updated:
Joyful Plastics Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 01 May 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25200MH1995PTC087883. Its GSTIN is 26AAACJ1908R1Z9 (Daman & Diu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.55 Cr. It was formerly known as Joyo Plasto Chem Private Limited. It is led by directors Ashok Jaichandra Bafna and Abhishek Ashok Bafna.
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 2024, the company reported a revenue of ₹49.18 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹43.62 Lakh (net margin 0.9%) and EBITDA of ₹5.08 Cr (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 3% over five years.
The company has about 143 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹55.4 Cr and satisfied charges of ₹25.33 Cr on record. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.66 Cr; the latest was in March 2015.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website joyful.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address402 4th Floor Satellite Silver Chs Near Mittal Industrial Estate Andheri Kurla Road A, Ndheri (E), Mumbai, Maharashtra, India – 400059
- 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 Joyful Plastics Private Limited
The main business activity of Joyful 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 Joyful Plastics Private Limited FY 2025 filings available
Joyful Plastics Private Limited reported revenue of ₹49.18 Cr (down 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Joyful Plastics Private Limited
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 15% 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 Joyful Plastics Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹49.18 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.08 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹43.62 Lakh | •••• | •••• | •••• | •••• |
| 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 Joyful Plastics Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.9% | •••• | •••• | •••• | •••• |
| 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 Joyful 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.
Auditor Details of Joyful Plastics Private Limited
Joyful Plastics Private Limited is audited by MAHESH GUPTA ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MAHESH GUPTA ASSOCIATES | 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 Joyful Plastics Private Limited
Joyful Plastics has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Jaichandra Bafna | Director | 01 May 1995 | 31 Years 5 Months | Current |
| Abhishek Ashok Bafna | Director | 14 May 2012 | 14 Years 4 Months | Current |
Ownership and Shareholding of Joyful 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 Joyful Plastics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Sep 2025 | Others | ₹3.63 Cr | Open |
| 29 Mar 2024 | Others | ₹16.77 Lakh | Open |
| 15 Sep 2023 | Hdfc Bank Limited | ₹18.64 Lakh | Open |
| 31 May 2022 | Others | ₹39.12 Lakh | Open |
| 24 Feb 2022 | Others | ₹28.08 Lakh | Open |
Total charge records: 32 View all charges
Deals & Funding of Joyful Plastics Private Limited
Joyful Plastics Private Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.66 Cr; the latest was in March 2015.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Kishore Bafna Huf, Basant J Bafna Huf, 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Shantoshima Lease Finance & Investment India Limited, Dolex Commercial Private Limited , Shipra Fabrics Private Limited |
| Feb 2010 | Funding round | ₹49.8 Lakh | Investors: Conart Trader's Limited , Dolex Commercial Private Limited , Shipra Fabrics Private Limited , an individual |
| Nov 2008 | Funding round | ₹2.16 Cr | Investors: 4 individuals |
Full deal history
All 7 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.
Employees and EPFO Compliance at Joyful Plastics Private Limited
Joyful Plastics Private Limited has a workforce of 143 employees as of Mar 28, 2025.
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.
Recent Activity on Joyful Plastics Private Limited
Joyful Plastics Private Limited has 3 board changes on record since 1995: 2 appointments and 1 cessation. The latest: Sharmila Ashok Bafna ceased to be Director on 08 Feb 2019.
50 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Joyful 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 Joyful 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 Joyful 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 Joyful Plastics Private Limited
Joyful Plastics has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAACJ1908R1Z9 | Daman & Diu | Active | 01 Aug 2020 |
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 Joyful 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 Joyful Plastics Private Limited
Joyful 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 May 1995 (31+ years old) and is registered under CIN U25200MH1995PTC087883.
Joyful Plastics reported revenue of ₹49.18 Cr for FY 2024 (down 18% YoY).
Joyful Plastics has 2 current directors:
- Ashok Jaichandra Bafna - Director
- Abhishek Ashok Bafna - Director
Joyful Plastics reported a net profit of ₹43.62 Lakh (net margin 0.9%) and EBITDA of ₹5.08 Cr (EBITDA margin 10.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Joyful Plastics is 13% over three years and 3% over five years. In the latest year (FY 2024) revenue fell 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Joyful Plastics is 26AAACJ1908R1Z9, registered in Daman & Diu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Joyful Plastics is U25200MH1995PTC087883. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Joyful Plastics was incorporated on 01 May 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Joyful Plastics has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.66 Cr; the latest was in March 2015.
Sharmila Ashok Bafna ceased to be Director on 08 Feb 2019. Abhishek Ashok Bafna was appointed as Director on 14 May 2012. Ashok Jaichandra Bafna was appointed as Director on 01 May 1995.