About Lucro Plastecycle Private Limited
Data last updated: 30 December 2025
Lucro Plastecycle Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It specialises in plastic-based products, a part of the broader manufacturing sector. Incorporated on 30 August 2019, the company has been in operation for over 7 years.
Registered with ROC Mumbai under CIN U25209MH2019PTC329977.
Capital: 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.
Last AGM: 02 September 2025. Financial statements filed for year ended 31 March 2025. Office: 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 ₹203.99 Cr, a growth of 129% compared to the previous year.
The company has a workforce of approximately 63 employees as per the latest available data.
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 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.
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Registered Address175 New Aashirwad Industrial Estate Bldg No. 5 Ram Mandir Rd Goregaon West, Mumbai, Maharashtra, India – 400104
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IndustryManufacturing, Plastic-Based Products
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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Associated Brands with Lucro Plastecycle Private Limited
Lucro Plastecycle Private Limited operates one associated brand: Lucro. These brands represent Lucro Plastecycle Private Limited's diversified market presence and brand portfolio.
Competitors & Alternatives of Lucro Plastecycle Private Limited
Brands and companies operating in the same space as Lucro Plastecycle Private Limited include Allonnia, QuantaFuel, revalyu Resources and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Allonnia
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Plastic waste is upcycled through advanced biology and technology solutions. | Boston, United States, United States | 2019 |
QuantaFuel
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Developer of technology upgrading plastic waste into valuable, recycled products | Lysaker, Norway, Norway | 2014 |
revalyu Resources
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Multiple solutions for plastic bottle recycling are developed. | Kleinostheim, Germany, Germany | 2007 |
MacroCycle
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Developer of zero-carbon plastic upcycling technology | Cambridge, United States, United States | 2023 |
Deluxe Recycling India
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Manufacturer of recycled composite boards and related products. It produces sturdy, environmentally friendly alternatives to wood, plywood, and plastic-based panels for various applications including furniture, packaging, roofing, and pallets. The manufacturing process prioritizes zero gas emission, zero water effluent, and zero solid waste. The company's products offer cost reduction and consistent quality for end-users. A commitment to sustainability drives its operations, utilizing recycled materials to create high-quality, reusable products. | Mumbai, India, India | 1999 |
PolyCycl
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Patented technology is utilized to recycle waste plastics into feedstocks. | Kalka, India, India | 2016 |
Ecosheet
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Durable boards from recycled plastic are produced for construction use. | Glenrothes, United Kingdom, United Kingdom | 2007 |
Continuus Material Recovery
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Provider of paper and plastic recycling services | Kingwood, United States, United States | 2014 |
Nilo Global
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Technology is developed to convert plastic waste into useful materials. | Auckland, New Zealand, New Zealand | 2017 |
Business Activity of Lucro Plastecycle Private Limited
Lucro Plastecycle Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details for Lucro Plastecycle Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
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Auditor Details of Lucro Plastecycle Private Limited
Lucro Plastecycle Private Limited is audited by Sarawgi Shridhar & Associates for the financial year 2025. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sarawgi Shridhar & Associates | Locked | Locked | Locked |
Complete auditor history for Lucro Plastecycle Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
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Board of Directors of Lucro Plastecycle Private Limited
Lucro Plastecycle Private Limited is currently managed by 4 directors, with 1 former director having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Ujwal Dhruven Desai
Also directs:
Tattva Enterprises Llp, Risaikuru Solutions Private Limited, Risaikuru Innovations Private Limited and 4 more
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Director | 30 Aug 2019 | 6 Years 10 Months | Current |
| Robert Ira Kaplan | Director | 10 Apr 2020 | 6 Years 3 Months | Current |
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Saumil Dinesh Desai
Also directs:
Tattva Enterprises Llp
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Director | 30 Aug 2019 | 6 Years 10 Months | Current |
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Varun Dinesh Karasia
Also directs:
Risaikuru Solutions Private Limited, Risaikuru Innovations Private Limited, Sarvadrsti Private Limited and 1 more
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Additional Director | 12 Dec 2025 | 0 Years 7 Months | Current |
Financials of Lucro Plastecycle Private Limited FY 2025 filings available
Lucro Plastecycle Private Limited reported revenue of ₹203.99 Cr (up 129.00% YoY) for FY 2025.
Ten-year financial statements for Lucro Plastecycle Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
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Ownership and Shareholding of Lucro Plastecycle Private Limited
Shareholding and ownership data for Lucro Plastecycle Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
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- FII and DII holdings
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Charges & Borrowings of Lucro Plastecycle Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 May 2025 | Yes Bank Limited | ₹10 Cr | Open |
| 04 Mar 2025 | Canara Bank | ₹29.7 Lakh | 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 |
Total charge records: 21 View all charges
Employees and EPFO Compliance at Lucro Plastecycle Private Limited
Lucro Plastecycle Private Limited has a workforce of 63 employees as of Dec 27, 2025.
Employee and EPFO history for Lucro Plastecycle Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
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GST Compliance of Lucro Plastecycle Private Limited
GST registrations and filing compliance for Lucro Plastecycle Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Lucro Plastecycle Private Limited
Credit ratings, litigation, and regulatory alerts for Lucro Plastecycle Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Lucro Plastecycle Private Limited
MSME payment history for Lucro Plastecycle Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
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Subsidiaries & Group Companies of Lucro Plastecycle Private Limited
Corporate group structure for Lucro Plastecycle Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
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MCA Filings & Documents of Lucro Plastecycle Private Limited
MCA filings and documents for Lucro Plastecycle Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Lucro Plastecycle Private Limited
Recent News on Lucro Plastecycle Private Limited
Frequently Asked Questions about Lucro Plastecycle Private Limited
Lucro Plastecycle Private Limited is an active private limited company in the manufacturing sector based in Mumbai, Maharashtra, India. It was incorporated on 30 August 2019 (7+ years old) and is registered under CIN U25209MH2019PTC329977. The company has 63 employees.
Lucro Plastecycle Private Limited reported revenue of ₹203.99 Cr for FY 2025 (up 129.00% YoY).
The current directors of Lucro Plastecycle Private Limited are:
- Ujwal Dhruven Desai - Director
- Robert Ira Kaplan - Director
- Saumil Dinesh Desai - Director
- Varun Dinesh Karasia - Additional Director
The primary industry of Lucro Plastecycle Private Limited is manufacturing. The company specifically operates in plastic-based products. The company is currently active in this sector.
Yes, Lucro Plastecycle Private Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Lucro Plastecycle Private Limited can be reached at the registered office: 175 New Aashirwad Industrial Estate Bldg No. 5 Ram Mandir Rd Goregaon West, Mumbai, Maharashtra, India – 400104, or through the website lucro.in.