MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-20-0004411
Kelvin Plastic Pvt Ltd - manufacturing in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹66.8 Cr
▼ 42% YoY
Net loss · FY 2025
₹1.27 Cr
Net margin -1.9%
EBITDA · FY 2025
₹3.02 Cr
EBITDA margin 4.5%
Authorised capital
₹7.5 Cr
Registered with MCA
Paid-up capital
₹7.5 Cr
Issued & subscribed
Open charges
₹52.84 Cr
Satisfied ₹64.68 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
105
Provident fund records
About Kelvin Plastic Pvt Ltd
Data last updated:
Kelvin Plastic Pvt Ltd is a private limited company based in Rajkot, Gujarat, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 09 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209GJ1994PTC021518. Its GSTIN is 24AAACK9008M1ZF (Gujarat). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹7.5 Cr. It is led by directors Bipinchandra Jamnadas Dadhania (Whole-Time Director) and Kelvin Bipinbhai Dadhania (Whole-Time Director).
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 Survey No.108/P Near Toll Plaza Rajkot Gondal N. H. 8 – B Bhunava Tal :, Gondal, Gujarat, India – 360311.
As per the financials filed for FY 2025, the company reported a revenue of ₹66.8 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹1.27 Cr (net margin -1.9%) and EBITDA of ₹3.02 Cr (EBITDA margin 4.5%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 12% over five years.
The company has about 105 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹52.84 Cr and satisfied charges of ₹64.68 Cr on record. Court records list 16 cases involving the company, including 14 filed by the company and 2 filed against it; 7 cases are pending. The company has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹6.66 Cr; the latest was in March 2022. Its 3 peer companies in the Manufacturing industry (Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 1 larger and 2 smaller; the largest is King Polyplast Private Limited with revenue of ₹67.3 Cr.
Kelvin Plastic Pvt Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0004411). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kelvinpipe.com.
Company details
CIN U25209GJ1994PTC021518
Registration Number 021518
Incorporation Date 09 March 1994
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-20-0004411
Key People
Bipinchandra Jamnadas Dadhania Whole-Time Director Kelvin Bipinbhai Dadhania Whole-Time Director Recognitions & Rankings of Kelvin Plastic
Contact details
Kelvin Plastic Pvt Ltd's registered office is in Rajkot, Gujarat. Its website is kelvinpipe.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No.108/P Near Toll Plaza Rajkot Gondal N. H. 8 – B Bhunava Tal :, Gondal, Gujarat, India – 360311
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Kelvin Plastic Pvt Ltd, buy the company report.
Comprehensive company report
Kelvin Plastic Pvt Ltd - 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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Business activity
The main business activity of Kelvin Plastic 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 Kelvin Plastic Pvt Ltd, buy the company report.
Financials of Kelvin Plastic Pvt Ltd
FY 2025 filings availableKelvin Plastic Pvt Ltd reported revenue of ₹66.8 Cr (down 42% YoY) for FY 2025.
Revenue · FY 2025
₹66.8 Cr ▼ 42%
Net loss · FY 2025
₹1.27 Cr margin -1.9%
EBITDA · FY 2025
₹3.02 Cr margin 4.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 42%
3 years · compounded
▼ 11%
5 years · compounded
▼ 12%
EBITDA CAGR growth
1 year
▼ 62%
3 years · compounded
▲ 10%
5 years · compounded
▼ 10%
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 42% fall in the latest year. EBITDA fell 62% 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 | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.27 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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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 | 4.5% | ||||
| Net Profit Margin | -1.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Kelvin Plastic Pvt Ltd, buy the company report.
Board of directors of Kelvin Plastic Pvt Ltd
Kelvin Plastic has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bipinchandra Jamnadas Dadhania | Whole-Time Director | 01 Apr 2009 | 17 Years 7 Months | Current |
| Kelvin Bipinbhai Dadhania Also directs: Kelvin Elemental Labs LLP | Whole-Time Director | 24 Nov 2012 | 13 Years 11 Months | Current |
Peer comparison
Kelvin Plastic Pvt Ltd is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Pipes), 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 |
|---|---|---|---|---|---|---|
| King Polyplast Private Limited | ₹67.3 Cr (FY 2025) | 35.0% | Paddhari, Gujarat, India | |||
| Kelvin Plastic Pvt Ltdthis company | ₹66.8 Cr (FY 2025) | -₹1.27 Cr | -1.9% | -42.0% | 105 | Rajkot, Gujarat, India |
| Bharatshakti Polytube Private Limited | ₹66.62 Cr (FY 2025) | 40.0% | Agra, Uttar Pradesh, India | |||
| Durable Pipes & Fittings Private Limited | ₹65.61 Cr (FY 2024) | 41.0% | Jagraon, Punjab, India |
To see the full peer comparison of Kelvin Plastic Pvt Ltd, buy the company report.
Auditor
Kelvin Plastic Pvt Ltd is audited by H. B. KALARIA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H. B. KALARIA & ASSOCIATES | FY 2023 | 104571W |
Shareholding
The shareholding of Kelvin Plastic Pvt Ltd 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 Kelvin Plastic Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹52.84 Cr
Satisfied charges
₹64.68 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2025 | 101100354 | Hdfc Bank Limited | ₹25 Lakh | Open | |
| 31 Jan 2018 | 100164193 | Hdfc Bank Limited | ₹52.59 Cr | Open | |
| 03 Nov 2022 | 100626024 | Hdfc Bank Limited | ₹7.44 Lakh | Satisfied | |
| 18 Oct 2022 | 100622544 | Hdfc Bank Limited | ₹55.5 Lakh | Satisfied | |
| 12 May 2022 | 100571135 | Hdfc Bank Limited | ₹24 Lakh | Satisfied |
To see the full charge records of Kelvin Plastic Pvt Ltd, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Kelvin Plastic Pvt Ltd has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹6.66 Cr; the latest was in March 2022.
Total deals
10
Secondary share transfers
6
Funding rounds
4
Disclosed funding
₹6.66 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Nov 2014 | Funding round | ₹1.5 Cr | Investors: 2 individuals |
| May 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Jai Adhyashakti Marketing Pvt Ltd |
| Feb 2008 | Funding round | ₹30 Lakh | Investors: Jai Adhyashakti Marketing Pvt Ltd |
To see the full deal history of Kelvin Plastic Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kelvin Plastic Pvt Ltd has 16 court cases on record: 14 filed by Kelvin Plastic, 2 filed against it. 7 cases are pending and 9 are disposed.
Total cases
16
Filed by the company
14
Filed against the company
2
Pending
7
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 2 | 5 |
| High courts | 3 | 0 | 2 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Sardar Sarovar Narmada Nigam Ltd. and 3 others | Pending |
| District court, RAJKOT, Gujarat | Commercial matter | Filed by the company against GVPR Engineers Limited | Disposed |
| District court, RAJKOT, Gujarat | Criminal miscellaneous application | Filed by the company against Deepak Sethi Director of SPML Infra Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Sardar Sarovar Narmada Nigam Ltd. and 4 others | Disposed |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against Av India Plasto Polymers Pvt Ltd. and 2 others | Disposed |
To see the full case history of Kelvin Plastic Pvt Ltd, 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 Kelvin Plastic Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kelvin Plastic Pvt Ltd has a workforce of 105 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
Employee count
105
Active EPFO establishments
1
Employee growth
7.14%
GST
Kelvin Plastic has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACK9008M1ZF | Gujarat | Active | 01 Jul 2017 |
| 24AAACK9008M2ZE | Gujarat | Active | 01 Apr 2025 |
| 23AAACK9008M2ZG | Madhya Pradesh | Active | 06 Dec 2024 |
| 08AAACK9008M1Z9 | Rajasthan | Active | 20 Dec 2024 |
To see the full GST registrations and return filing status of Kelvin Plastic Pvt Ltd, buy the company report.
Recent activity
Kelvin Plastic Pvt Ltd has 8 board changes on record since 1994: 5 appointments and 3 cessations. The latest: Ashwinbhai Pravinbhai Dhol ceased to be Director on 31 Mar 2014.
AGM
Kelvin Plastic Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 03 Nov 2022 via Charge ID 100626024 with Hdfc Bank Limited was fully satisfied on 10 Jul 2025.
Charges
A charge registered on 18 Oct 2022 via Charge ID 100622544 with Hdfc Bank Limited was fully satisfied on 10 Jul 2025.
Charges
A charge registered on 12 May 2022 via Charge ID 100571135 with Hdfc Bank Limited was fully satisfied on 10 Jul 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 101100354 was registered on 26 May 2025.
Filing
Kelvin Plastic Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.07 Cr with Charge ID 100626024 was registered on 03 Nov 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.56 Cr with Charge ID 100622544 was registered on 18 Oct 2022.
Charges
A charge registered on 05 Mar 2014 via Charge ID 10481814 with Others was fully satisfied on 05 Aug 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.24 Cr with Charge ID 100571135 was registered on 12 May 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 52.59 Cr registered on 31 Jan 2018 with Charge ID 100164193 was modified on 17 Feb 2022.
Charges
A charge registered on 05 Sep 2019 via Charge ID 100289214 with Others was fully satisfied on 18 Aug 2021.
29 earlier events are in the company report.
Frequently asked questions
Kelvin Plastic is an active private limited company based in Rajkot, Gujarat, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 09 March 1994 (32+ years old) and is registered under CIN U25209GJ1994PTC021518.
Kelvin Plastic has 2 current directors:
- Bipinchandra Jamnadas Dadhania - Whole-Time Director
- Kelvin Bipinbhai Dadhania - Whole-Time Director
The latest financial statements of Kelvin Plastic 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 Kelvin Plastic is 24AAACK9008M1ZF, registered in Gujarat. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACK9008M2ZE (Gujarat), 23AAACK9008M2ZG (Madhya Pradesh), 08AAACK9008M1Z9 (Rajasthan).
The CIN (Corporate Identification Number) of Kelvin Plastic is U25209GJ1994PTC021518. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kelvin Plastic has 16 court cases on record: 14 filed by the company and 2 filed against it. 7 are pending. Most are in the district courts.
Kelvin Plastic was incorporated on 09 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kelvin Plastic has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹6.66 Cr; the latest was in March 2022.
The peers of Kelvin Plastic by revenue are King Polyplast Private Limited, Bharatshakti Polytube Private Limited, Durable Pipes & Fittings Private Limited, all in the Manufacturing industry (Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Ashwinbhai Pravinbhai Dhol ceased to be Director on 31 Mar 2014. Prafulbhai Vallabhbhai Panara ceased to be Director on 16 Feb 2013. Kelvin Bipinbhai Dadhania was appointed as Whole-Time Director on 24 Nov 2012. Kelvin Plastic has 8 board changes on record in total.
Yes, Kelvin Plastic is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-20-0004411).
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