MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-25-0001636
Lucro Plastecycle Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹118.34 Cr
▲ 33.14% YoY
Net profit · FY 2025
₹4.79 Cr
Net margin 4%
EBITDA · FY 2025
₹13.67 Cr
EBITDA margin 11.6%
Authorised capital
₹3.16 Cr
Registered with MCA
Paid-up capital
₹1.62 Cr
Issued & subscribed
Open charges
₹58.69 Cr
Satisfied ₹15.74 Cr
Company age
7 yrs
Est. 2019
Employees · EPFO
63
Provident fund records
About Lucro Plastecycle Private Limited
Data last updated:
Lucro Plastecycle 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 30 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH2019PTC329977. Its GSTIN is 27AAECL0230C1Z7 (Maharashtra). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹3.16 Cr and a paid-up capital of ₹1.62 Cr. It is led by directors including Ujwal Dhruven Desai and Robert Ira Kaplan.
Its last annual general meeting (AGM) was held on 02 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 175 New Aashirwad Industrial Estate Bldg No. 5 Ram Mandir Rd Goregaon West, Mumbai, Maharashtra, India – 400104.
As per the financials filed for FY 2025, the company reported a revenue of ₹118.34 Cr. For the same year it recorded a net profit of ₹4.79 Cr (net margin 4%) and EBITDA of ₹13.67 Cr (EBITDA margin 11.6%).
The company has about 63 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Lucro. As per MCA filings, the company has open charges of ₹58.69 Cr and satisfied charges of ₹15.74 Cr on record. The company has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹213.01 Cr; the latest was in April 2025.
Lucro Plastecycle Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0001636). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lucro.in.
Company details
CIN U25209MH2019PTC329977
Registration Number 329977
Incorporation Date 30 August 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 02 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-25-0001636
Recognitions & Rankings of Lucro Plastecycle
Contact details
Lucro Plastecycle Private Limited's registered office is in Mumbai, Maharashtra. Its website is lucro.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address175 New Aashirwad Industrial Estate Bldg No. 5 Ram Mandir Rd Goregaon West, Mumbai, Maharashtra, India – 400104
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Lucro Plastecycle Private Limited, buy the company report.
Comprehensive company report
Lucro Plastecycle Private Limited - 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 Lucro Plastecycle 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 Lucro Plastecycle Private Limited, buy the company report.
Financials of Lucro Plastecycle Private Limited
FY 2025 filings availableLucro Plastecycle Private Limited reported revenue of ₹118.34 Cr for FY 2025.
Revenue · FY 2025
₹118.34 Cr
Net profit · FY 2025
₹4.79 Cr margin 4%
EBITDA · FY 2025
₹13.67 Cr margin 11.6%
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 | ₹118.34 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹13.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.79 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.6% | ||||
| Net Profit Margin | 4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Lucro Plastecycle Private Limited, buy the company report.
Board of directors of Lucro Plastecycle Private Limited
Lucro Plastecycle has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ujwal Dhruven Desai Also directs: Tattva Enterprises LLP, Risaikuru Solutions Private Limited, Risaikuru Innovations Private Limited and 4 more | Director | 30 Aug 2019 | 7 Years 2 Months | Current |
| Robert Ira Kaplan | Director | 10 Apr 2020 | 6 Years 7 Months | Current |
| Saumil Dinesh Desai Also directs: Tattva Enterprises LLP | Director | 30 Aug 2019 | 7 Years 2 Months | Current |
| Varun Dinesh Karasia Also directs: Risaikuru Solutions Private Limited, Risaikuru Innovations Private Limited, Sarvadrsti Private Limited and 1 more | Additional Director | 12 Dec 2025 | 0 Years 10 Months | Current |
Auditor
Lucro Plastecycle Private Limited is audited by Sarawgi Shridhar & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sarawgi Shridhar & Associates | FY 2025 | 104892W |
Shareholding
The shareholding of Lucro Plastecycle Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Lucro Plastecycle Private Limited, buy the company report.
Charges & borrowings
Open charges
₹58.69 Cr
Satisfied charges
₹15.74 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2025 | 101108855 | Yes Bank Limited | ₹10 Cr | Open | |
| 04 Mar 2025 | 101069233 | Canara Bank | ₹29.7 Lakh | Open | |
| 24 Feb 2025 | 101055222 | Sidbi | ₹3.01 Cr | Open | |
| 20 Dec 2024 | 101022915 | Sidbi | ₹3.36 Cr | Open | |
| 24 Oct 2024 | 101001171 | Sidbi | ₹1.45 Cr | Open |
To see the full charge records of Lucro Plastecycle Private Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Lucro Plastecycle Private Limited has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹213.01 Cr; the latest was in April 2025.
Total deals
7
Funding rounds
4
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹213.01 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2025 | Funding round · Series A | ₹100 Cr | Investors: Hindustan Unilever Limited |
| Feb 2023 | Funding round · Seed | ₹40 Cr | Investors: Circulate Capital |
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: Circulate Capital Seller: an individual |
| Jun 2022 | Secondary share transfer | Undisclosed | Buyer: Circulate Capital Seller: an individual |
| Jun 2022 | Funding round · Seed | ₹37.5 Cr | Investors: Circulate Capital |
To see the full deal history of Lucro Plastecycle Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Lucro Plastecycle Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Lucro Plastecycle Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Lucro Plastecycle Private Limited has a workforce of 63 employees on its EPFO records as of Dec 27, 2025, across 1 active EPFO establishment.
Employee count
63
Active EPFO establishments
1
Employee growth
1.61%
GST
Lucro Plastecycle has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECL0230C1Z7 | Maharashtra | Active | 03 Sep 2019 |
| 27AAECL0230C2Z6 | Maharashtra | Active | 24 Apr 2025 |
| 24AAECL0230C1ZD | Gujarat | Active | 03 Sep 2019 |
| 06AAECL0230C1ZB | Haryana | Active | 07 May 2022 |
To see the full GST registrations and return filing status of Lucro Plastecycle Private Limited, buy the company report.
Recent activity
Lucro Plastecycle Private Limited has 5 board changes on record since 2019: 4 appointments and 1 cessation. The latest: Varun Dinesh Karasia was appointed as Additional Director on 12 Dec 2025.
Appointed
Varun Dinesh Karasia was appointed as Additional Director.
Charges
A charge with Yes Bank Limited of Rs. 10.00 Cr registered on 26 May 2025 with Charge ID 101108855 was modified on 25 Nov 2025.
Charges
A charge with Axis Bank Limited of Rs. 31.00 Cr registered on 23 Nov 2022 with Charge ID 100644580 was modified on 01 Nov 2025.
AGM
Lucro Plastecycle Private Limited last Annual general meeting of members was held on 02 Sep 2025 as per latest MCA records.
Charges
A charge registered on 28 Mar 2024 via Charge ID 100900910 with Sidbi was fully satisfied on 03 Jul 2025.
Charges
A charge registered on 25 Jun 2020 via Charge ID 100348742 with Sidbi was fully satisfied on 03 Jul 2025.
Charges
A charge with Yes Bank Limited amounted to Rs. 10.00 Cr with Charge ID 101108855 was registered on 26 May 2025.
Filing
Lucro Plastecycle Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Canara Bank amounted to Rs. 0.30 Cr with Charge ID 101069233 was registered on 04 Mar 2025.
Charges
A charge with Sidbi amounted to Rs. 3.01 Cr with Charge ID 101055222 was registered on 24 Feb 2025.
Charges
A charge with Sidbi amounted to Rs. 3.36 Cr with Charge ID 101022915 was registered on 20 Dec 2024.
Charges
A charge registered on 18 Dec 2019 via Charge ID 100311082 with Sidbi was fully satisfied on 03 Dec 2024.
28 earlier events are in the company report.
News
Frequently asked questions
Lucro Plastecycle 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 30 August 2019 (7+ years old) and is registered under CIN U25209MH2019PTC329977.
Lucro Plastecycle has 4 current directors:
- Ujwal Dhruven Desai - Director
- Robert Ira Kaplan - Director
- Saumil Dinesh Desai - Director
- Varun Dinesh Karasia - Additional Director
The latest financial statements of Lucro Plastecycle on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 02 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Lucro Plastecycle is 27AAECL0230C1Z7, registered in Maharashtra. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 27AAECL0230C2Z6 (Maharashtra), 24AAECL0230C1ZD (Gujarat), 06AAECL0230C1ZB (Haryana).
The CIN (Corporate Identification Number) of Lucro Plastecycle is U25209MH2019PTC329977. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lucro Plastecycle was incorporated on 30 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Lucro Plastecycle has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹213.01 Cr; the latest was in April 2025.
Varun Dinesh Karasia was appointed as Additional Director on 12 Dec 2025. Robert Ira Kaplan ceased to be Additional Director on 29 Dec 2020. Robert Ira Kaplan was appointed as Director on 10 Apr 2020. Lucro Plastecycle has 5 board changes on record in total.
Yes, Lucro Plastecycle is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-25-0001636).
Lucro Plastecycle can be reached through the website lucro.in. Its registered office is in Mumbai, Maharashtra, India.
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