Lucro Plastecycle Private Limited - Company Profile

It is a manufacturing private limited company based in Mumbai, Maharashtra, India, established in 2019.

2019 Mumbai, Maharashtra, India Active

Last Updated: December 30, 2025

About Lucro Plastecycle Private Limited

Lucro Plastecycle Private Limited, a active private limited company, was established on 30 August 2019 in Mumbai, Maharashtra, India. Engaging in plastic-based products within the manufacturing sector, it holds CIN: U25209MH2019PTC329977. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹3.16 Cr and a paid-up capital of ₹1.62 Cr.

It upholds a compliant status. Employing 63 professional, Its leadership includes Ujwal Dhruven Desai (Director), Robert Ira Kaplan (Director), Saumil Dinesh Desai (Director). Past directors included Robert Ira Kaplan. It holds ₹58.69 Cr open charges and ₹15.74 Cr settled loans. Its latest AGM occurred on 02 September 2025, with the balance sheet filed on 31 March 2025. It is based at 175, New Aashirwad Industrial Estate Bldg No. 5, Ram Mandir Rd, Goregaon West, Mumbai, Maharashtra, 400104.

Company Details

CIN/LLPIN
U25209MH2019PTC329977
Registration Number
329977
Incorporation Date
30 August 2019
Authorized Capital
₹3.16 Cr
Paid-Up Capital
₹1.62 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 3.16 Cr as on 30-12-2025
Paid Up Capital ₹ 1.62 Cr as on 30-12-2025
Company Age 6 Year, 5 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 58.69 Cr as on 30-12-2025
Satisfied Charges ₹ 15.74 Cr as on 30-12-2025
Revenue Growth **** 33.14% (FY 2025)
Profit Growth **** -32.81% (FY 2025)
Ebitda **** -16.31% (FY 2025)
Net Worth 3.42% (FY 2025)
Total Assets **** 17.53% (FY 2025)

Comprehensive Company Insights

Explore comprehensive insights into Lucro Plastecycle Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Lucro Plastecycle Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Ujwal Dhruven Desai	Director	30 Aug 2019	Current
Robert Ira Kaplan	Director	10 Apr 2020	Current
Saumil Dinesh Desai	Director	30 Aug 2019	Current
Varun Dinesh Karasia	Additional Director	12 Dec 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	29 Dec 2020	Past

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Financial Performance of Lucro Plastecycle.

Lucro Plastecycle Private Limited, for the financial year ended 2025, experienced significant growth in revenue, with a 33.14% increase. The company also saw a substantial fall in profitability, with a 32.81% decrease in profit. The company's net worth moved up by a moderate rise of 3.42%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

33.14%

*******

Revenue from Operations

*******

34.44%

*******

Total Assets

*******

17.53%

*******

Profit or Loss

*******

-32.81%

*******

Net Worth

*******

3.42%

*******

EBITDA

*******

-16.31%

*******

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What is the Ownership and Shareholding Structure of Lucro Plastecycle?

In 2023, Lucro Plastecycle had a promoter holding of 65.88% and a public holding of 34.12%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹586,902,000.00

Satisfied Charges

₹157,395,280.00

Charges Breakdown by Lending Institutions

Axis Bank Limited : 31.00 Cr
Sidbi : 16.94 Cr
Yes Bank Limited : 10.00 Cr
Canara Bank : 0.30 Cr
Others : 0.23 Cr
Others : 0.22 Cr

Latest Charge Details

Date	Lender	Amount	Status
26 May 2025	Yes Bank Limited	₹10.00 Cr	Open
04 Mar 2025	Canara Bank	₹2.97 M	Open
24 Feb 2025	Sidbi	₹3.01 Cr	Open
20 Dec 2024	Sidbi	₹3.36 Cr	Open
24 Oct 2024	Sidbi	₹1.45 Cr	Open

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How Many Employees Work at Lucro Plastecycle?

Lucro Plastecycle has a workforce of 63 employees as of Dec 27, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Lucro Plastecycle, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Lucro Plastecycle's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Lucro Plastecycle

Recent Activity within the Organization

Director Appointment

The activity Varun Dinesh Karasia was appointed as a Additional Director was appointed as a Additional Director on 12 Dec 2025 & has been associated with this company since 1 month 18 days . was completed.
12 Dec 2025
Charges

The activity 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. was completed.
25 Nov 2025
Charges

Progress on 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. was documented.
01 Nov 2025
Annual General Meeting

Progress on Lucro Plastecycle Private Limited last Annual general meeting of members was held on 02 Sep 2025 as per latest MCA records. was documented.
02 Sep 2025
Charges

A charge registered on 28 Mar 2024 via Charge ID 100900910 with Sidbi was fully satisfied on 03 Jul 2025. was recorded as a recent event.
03 Jul 2025
Charges

A charge registered on 25 Jun 2020 via Charge ID 100348742 with Sidbi was fully satisfied on 03 Jul 2025. was recorded as a recent event.
03 Jul 2025

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