About Kunal Plastics Private Limited
Data last updated:
Kunal Plastics Private Limited is a private limited company based in Valsad, Gujarat, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 26 December 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209GJ1983PTC156834. Its GSTIN is 26AAACK4312L1ZO (Daman & Diu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Nirav Harshadrai Desai (Whole-Time Director) and Amita Jaymin Desai (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Valsad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹89.7 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹7.54 Cr (net margin 8.4%) and EBITDA of ₹14.9 Cr (EBITDA margin 16.6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 7% over five years.
The company has about 78 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹13.95 Cr and satisfied charges of ₹8.9 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 2 deals on record (2 secondary share transfers); the latest was in February 2012. Its 5 peer companies in the Packaging industry (Films and Foils, Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 3 smaller; the largest is Essen Multipack Limited with revenue of ₹88.05 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2021, listing 110 overdue payments to 10 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 propackind.com.
Company details
CIN history
Kunal Plastics has one previous CIN (Corporate Identification Number): U25209MH1983PTC031665. The current CIN is U25209GJ1983PTC156834, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209GJ1983PTC156834 | Current |
| U25209MH1983PTC031665 | Previous |
Contact details
Kunal Plastics Private Limited's registered office is in Valsad, Gujarat. Its website is propackind.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address401 Ashiyana Appt No.7, Tithal Road, Valsad, Gujarat, India – 396001
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Kunal 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 Kunal 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 Kunal Plastics Private Limited, buy the company report.
Financials of Kunal Plastics Private Limited
FY 2025 filings availableKunal Plastics Private Limited reported revenue of ₹89.7 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 14% growth in the latest year. EBITDA rose 19% 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 | ₹14.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.54 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 | 16.6% | ||||
| Net Profit Margin | 8.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Kunal Plastics Private Limited, buy the company report.
Board of directors of Kunal Plastics Private Limited
Kunal Plastics has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirav Harshadrai Desai | Whole-Time Director | 01 Apr 2016 | 10 Years 6 Months | Current |
| Amita Jaymin Desai Also directs: Coveris Techno Consultants LLP | Whole-Time Director | 26 Dec 1983 | 42 Years 10 Months | Current |
| Charulata Nitin Patel Also directs: Ecoplast Limited | Director | 26 Dec 1983 | 42 Years 10 Months | Current |
| Alka Bankim Desai | Director | 26 Dec 2006 | 19 Years 10 Months | Current |
Peer comparison
Kunal Plastics Private Limited is compared with the 5 companies closest to it by revenue in the Packaging industry (Films and Foils, Industrial Packaging), 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 |
|---|---|---|---|---|---|---|
| Kunal Plastics Private Limitedthis company | ₹89.7 Cr (FY 2025) | ₹7.54 Cr | 8.4% | 14.0% | 78 | Valsad, Gujarat, India |
| Essen Multipack Limited | ₹88.05 Cr (FY 2025) | 3.0% | Rajkot, Gujarat, India | |||
| Kushal Plasto Private Limited | ₹87.44 Cr (FY 2025) | -5.0% | Hyderabad, Telangana, India | |||
| Apex Foams India Private Limited | ₹87.13 Cr (FY 2025) | 5.0% | Delhi, India | |||
| Jupitor Polytex (India) Private Ltd. | ₹86.67 Cr (FY 2025) | -52.0% | New Delhi, Delhi, India | |||
| Osho Industries Limited | ₹86.59 Cr (FY 2025) | 34.0% | Roorkee, Uttarakhand, India |
To see the full peer comparison of Kunal Plastics Private Limited, buy the company report.
Auditor
Kunal Plastics Private Limited is audited by AKKAD MEHTA & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AKKAD MEHTA & CO LLP | FY 2024 | 100259W/W-100384 |
Shareholding
The shareholding of Kunal 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 Kunal Plastics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Aug 2004 | 80044679 | State Bank of India | ₹13.95 Cr | Open | |
| 11 Jun 2009 | 10168144 | State Bank of India | ₹2 Cr | Satisfied | |
| 23 Sep 2006 | 10092892 | State Bank of India | ₹6.9 Cr | Satisfied |
To see the full charge records of Kunal Plastics Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Kunal Plastics Private Limited has 2 deals on record (2 secondary share transfers); the latest was in February 2012.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2012 | Secondary share transfer | Undisclosed | Buyer: Alka Bankim Desai Seller: Alka Santati Trust |
| May 2011 | Secondary share transfer | Undisclosed | Buyer: Alka Santati Trust Seller: Alka Bankim Desai |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kunal Plastics Private Limited has 2 court cases on record: 1 filed by Kunal Plastics, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by The Commissioner of Income Tax -8 , Mumbai | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Kunal 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
Kunal Plastics Private Limited was last rated by Crisil on 30 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Jul 2021 |
To see the full credit ratings and regulatory alerts of Kunal Plastics Private Limited, buy the company report.
MSME payment delays
Kunal Plastics Private Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 110 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Astra Specialty Compounds India Private Limited | |||
| Par Pack | |||
| Bhavin Industries | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Kunal Plastics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Kunal Plastics Private Limited has a workforce of 78 employees on its EPFO records as of Dec 07, 2025, across 1 active EPFO establishment.
GST
Kunal Plastics has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAACK4312L1ZO | Daman & Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Kunal Plastics Private Limited, buy the company report.
Recent activity
Kunal Plastics Private Limited has 4 board changes on record since 1983: 4 appointments. The latest: Nirav Harshadrai Desai was appointed as Whole-Time Director on 01 Apr 2016.
1 earlier event is in the company report.
Frequently asked questions
Kunal Plastics is an active private limited company based in Valsad, Gujarat, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 26 December 1983 (43+ years old) and is registered under CIN U25209GJ1983PTC156834.
Kunal Plastics has 4 current directors:
- Nirav Harshadrai Desai - Whole-Time Director
- Amita Jaymin Desai - Whole-Time Director
- Charulata Nitin Patel - Director
- Alka Bankim Desai - Director
The latest financial statements of Kunal Plastics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kunal Plastics is 26AAACK4312L1ZO, 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 Kunal Plastics is U25209GJ1983PTC156834. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kunal Plastics has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Kunal Plastics was incorporated on 26 December 1983, making it 43+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kunal Plastics has 2 deals on record (2 secondary share transfers); the latest was in February 2012.
The peers of Kunal Plastics by revenue are Essen Multipack Limited, Kushal Plasto Private Limited, Apex Foams India Private Limited, Jupitor Polytex (India) Private Ltd, Osho Industries Limited, all in the Packaging industry (Films and Foils, Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Nirav Harshadrai Desai was appointed as Whole-Time Director on 01 Apr 2016. Alka Bankim Desai was appointed as Director on 26 Dec 2006. Amita Jaymin Desai was appointed as Whole-Time Director on 26 Dec 1983. Kunal Plastics has 4 board changes on record in total.
Kunal Plastics has 5 MSME Form 1 returns on record between 2019 and 2021, listing 110 overdue payments to 10 micro and small suppliers. The latest return was filed on 13 Apr 2021.
Kunal Plastics can be reached through the website propackind.com. Its registered office is in Valsad, Gujarat, India.