Karni Thermo-Plast Private Limited
About Karni Thermo-Plast Private Limited
Data last updated:
Karni Thermo-Plast Private Limited is a private limited company based in Balasore, Odisha, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 07 December 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U25209OR1995PTC004244. Its GSTIN is 21AABCK6583G1ZN (Odisha).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors including Bishnu Kumar Maroo (Managing Director) and Sangeeta Maroo.
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 At Banpariapo Kuruda, Balasore, Odisha, India – 756056.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.65 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹60.2 Lakh (net margin 4.1%) and EBITDA of ₹1.3 Cr (EBITDA margin 8.9%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 11% over five years.
The company has about 24 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹40 Lakh on record. Court records list 4 cases involving the company, including 4 filed by the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Karni Thermo-Plast Private Limited's registered office is in Balasore, Odisha. Its e-mail address is in the company report.
- Email
- Registered AddressAt Banpariapo Kuruda, Balasore, Odisha, India – 756056
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Karni Thermo-Plast 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 Karni Thermo-Plast 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 Karni Thermo-Plast Private Limited, buy the company report.
Financials of Karni Thermo-Plast Private Limited
FY 2025 filings availableKarni Thermo-Plast Private Limited reported revenue of ₹14.65 Cr (up 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 35% growth in the latest year. EBITDA rose 52% 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 | ₹1.3 Cr | ||||
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| Net Profit (PAT) | ₹60.2 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 8.9% | ||||
| Net Profit Margin | 4.1% | ||||
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To see the full financial statements and ratios of Karni Thermo-Plast Private Limited, buy the company report.
Board of directors of Karni Thermo-Plast Private Limited
Karni Thermo-Plast has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sangeeta Maroo | Director | 01 Feb 2000 | 26 Years 9 Months | Current |
| Bishnu Kumar Maroo | Managing Director | 07 Dec 1995 | 30 Years 11 Months | Current |
| Shivam Maroo | Director | 28 Apr 2023 | 3 Years 6 Months | Current |
Peer comparison
Karni Thermo-Plast Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Attitude Plastics Private Limited | ₹14.67 Cr (FY 2020) | -39.0% | Pune, Maharashtra, India | |||
| Ample Polymers Private Limited | ₹14.67 Cr (FY 2024) | 16.0% | Rajkot, Gujarat, India | |||
| Maruti Blow Tech Private Limited | ₹14.65 Cr (FY 2025) | 24.0% | Ankleshwar, Gujarat, India | |||
| Karni Thermo-Plast Private Limitedthis company | ₹14.65 Cr (FY 2025) | ₹60.2 Lakh | 4.1% | 35.0% | 24 | Balasore, Odisha, India |
| Max Extrusions Private Limited | ₹14.6 Cr (FY 2025) | 7.0% | Vapi, Gujarat, India | |||
| Kishore Industries Private Limited | ₹14.6 Cr (FY 2025) | 16.0% | Aurangabad, Maharashtra, India | |||
| Innova Plastic Technologies Private Limited | ₹14.58 Cr (FY 2016) | -2.0% | Pune, Maharashtra, India | |||
| Span Plastics Private Limited | ₹14.58 Cr (FY 2024) | -2.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Karni Thermo-Plast Private Limited, buy the company report.
Auditor
Karni Thermo-Plast Private Limited is audited by N JATANIA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N JATANIA & CO | FY 2021 | 315001E |
Shareholding
The shareholding of Karni Thermo-Plast Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Karni Thermo-Plast Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Nov 1996 | 90079356 | Andhra Bank | ₹40 Lakh | Open |
To see the full charge records of Karni Thermo-Plast Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Karni Thermo-Plast Private Limited has 4 court cases on record: 4 filed by Karni Thermo-Plast. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Balasore, Odisha | Court case (1.c.c) | Filed by the company against M/S Deepsun Hardware | Pending |
| District court, Balasore, Odisha | Court case (1.c.c) | Filed by the company against an individual | Pending |
| District court, Balasore, Odisha | Court case (1 C C) | Filed by the company against an individual | Disposed |
| District court, Balasore, Odisha | Court case (1.c.c) | Filed by the company against an individual | Disposed |
To see the full case history of Karni Thermo-Plast 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 Karni Thermo-Plast Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karni Thermo-Plast Private Limited has a workforce of 24 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Karni Thermo-Plast has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCK6583G1ZN | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karni Thermo-Plast Private Limited, buy the company report.
Recent activity
Karni Thermo-Plast Private Limited has 3 board changes on record since 1995: 3 appointments. The latest: Shivam Maroo was appointed as Director on 28 Apr 2023.
Frequently asked questions
Karni Thermo-Plast is an active private limited company based in Balasore, Odisha, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 07 December 1995 (31+ years old) and is registered under CIN U25209OR1995PTC004244.
Karni Thermo-Plast has 3 current directors:
- Bishnu Kumar Maroo - Managing Director
- Sangeeta Maroo - Director
- Shivam Maroo - Director
The latest financial statements of Karni Thermo-Plast 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 Karni Thermo-Plast is 21AABCK6583G1ZN, registered in Odisha.
The CIN (Corporate Identification Number) of Karni Thermo-Plast is U25209OR1995PTC004244. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karni Thermo-Plast has 4 court cases on record: 4 filed by the company. 2 are pending.
Karni Thermo-Plast was incorporated on 07 December 1995, making it 31+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Karni Thermo-Plast by revenue are Attitude Plastics Private Limited, Ample Polymers Private Limited, Maruti Blow Tech Private Limited, Max Extrusions Private Limited, Kishore Industries Private Limited and 2 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).
Shivam Maroo was appointed as Director on 28 Apr 2023. Sangeeta Maroo was appointed as Director on 01 Feb 2000. Bishnu Kumar Maroo was appointed as Managing Director on 07 Dec 1995.
The registered office of Karni Thermo-Plast is at At Banpariapo Kuruda, Balasore, Odisha, India – 756056.
Karni Thermo-Plast operates in the manufacturing industry, in the plastic-based products segment.
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