MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MP-23-0000907
Masterplast India Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹106.84 Cr
▼ 25% YoY
Net profit · FY 2024
₹3.38 Cr
Net margin 3.2%
EBITDA · FY 2024
₹6.17 Cr
EBITDA margin 5.8%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹83 Lakh
Secured borrowings
Company age
20 yrs
Est. 2006
Directors on board
2
As per MCA filings
About Masterplast India Private Limited
Data last updated:
Masterplast India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 06 November 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25200MH2006PTC165366. Its GSTIN is 23AAHCA7699H1ZA (Madhya Pradesh).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Atithi Agricultural Private Limited and Atithi Constructions Private Limited. It is led by directors Baldev Singh Thakur and Alok Kumar Mehta.
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 530 Nav Vyapar Bhavan 49 P.D' Mello Road Carnac Bunder, Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2024, the company reported a revenue of ₹106.84 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹3.38 Cr (net margin 3.2%) and EBITDA of ₹6.17 Cr (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹83 Lakh on record. Court records list 12 cases involving the company, including 12 filed by the company; 5 cases are pending.
Masterplast India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0000907). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website masterplast.in.
Company details
CIN U25200MH2006PTC165366
Registration Number 165366
Incorporation Date 06 November 2006
ROC Mumbai
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-MP-23-0000907
Name history
Masterplast India has undergone 2 name changes throughout its history. The company was previously known as Atithi Agricultural Private Limited, and Atithi Constructions Private Limited. The current legal name is Masterplast India Private Limited.
| Company Name | Status |
|---|---|
| Masterplast India Private Limited | Current |
| Atithi Agricultural Private Limited | Previous |
| Atithi Constructions Private Limited | Previous |
CIN history
Masterplast India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U25200MH2006PTC165366, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25200MH2006PTC165366 | Current |
| U45201MH2006PTC165366 | Previous |
| U01400MH2006PTC165366 | Previous |
Recognitions & Rankings of Masterplast India
Contact details
Masterplast India Private Limited's registered office is in Mumbai, Maharashtra. Its website is masterplast.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address530 Nav Vyapar Bhavan 49 P.D' Mello Road Carnac Bunder, Mumbai, Maharashtra, India – 400009
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Masterplast India Private Limited, buy the company report.
Comprehensive company report
Masterplast India 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 Masterplast India 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 Masterplast India Private Limited, buy the company report.
Financials of Masterplast India Private Limited
FY 2025 filings availableMasterplast India Private Limited reported revenue of ₹106.84 Cr (down 25% YoY) for FY 2024.
Revenue · FY 2024
₹106.84 Cr ▼ 25%
Net profit · FY 2024
₹3.38 Cr margin 3.2%
EBITDA · FY 2024
₹6.17 Cr margin 5.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 25%
3 years · compounded
▲ 14%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▼ 22%
3 years · compounded
▼ 13%
5 years · compounded
▲ 7%
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 22% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.38 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | 3.2% | ||||
| 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 Masterplast India Private Limited, buy the company report.
Board of directors of Masterplast India Private Limited
Masterplast India has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Baldev Singh Thakur | Director | 16 Dec 2013 | 12 Years 10 Months | Current |
| Alok Kumar Mehta Also directs: Panther Tyres Private Limited | Director | 15 Nov 2013 | 12 Years 11 Months | Current |
Peer comparison
Masterplast India Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Plastics and Resins), 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 |
|---|---|---|---|---|---|---|
| Greenshield Constrochem Private Limited | ₹110.68 Cr (FY 2025) | 36.0% | Pune, Maharashtra, India | |||
| Bajaj Polyblends Private Limited | ₹109.47 Cr (FY 2025) | 4.0% | Kolkata, West Bengal, India | |||
| Masterplast India Private Limitedthis company | ₹106.84 Cr (FY 2024) | ₹3.38 Cr | 3.2% | -25.0% | Mumbai, Maharashtra, India | |
| Calco Poly Technik Private Limited | ₹104.82 Cr (FY 2025) | -8.0% | Delhi, India |
To see the full peer comparison of Masterplast India Private Limited, buy the company report.
Auditor
Masterplast India Private Limited is audited by DAFRIA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DAFRIA & CO. | FY 2023 | 001448C |
Shareholding
The shareholding of Masterplast India 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 Masterplast India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹83 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Oct 2025 | 101174340 | Others | ₹63 Lakh | Open | |
| 06 Nov 2024 | 101008991 | Others | ₹20 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Masterplast India Private Limited has 12 court cases on record: 12 filed by Masterplast India. 5 cases are pending and 7 are disposed.
Total cases
12
Filed by the company
12
Pending
5
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 0 | 5 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Indore | Insolvency matter | Filed by the company against Flexituff Ventures International Limited | Disposed |
| District court, Indore, Madhya Pradesh | Court case (SC NIA) | Filed by the company against Polycorp Overseas Pvt Ltd Through Directors and 3 others | Disposed |
| NCLT, Indore | Insolvency matter | Filed by the company against Alveor Plastic Technologies Private Limited | Disposed |
| District court, Indore, Madhya Pradesh | Court case (SC NIA) | Filed by the company against Jill Mill Non- Woven Pvt. Ltd. | Disposed |
| District court, Indore, Madhya Pradesh | Court case (SC NIA) | Filed by the company against Vasundhara Polysack Pvt. Ltd. and 2 others | Pending |
To see the full case history of Masterplast India 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Masterplast India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Masterplast India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAHCA7699H1ZA | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Masterplast India Private Limited, buy the company report.
Recent activity
Masterplast India Private Limited has 18 board changes on record since 2006: 10 appointments and 8 cessations. The latest: Brij Bhushan Handa ceased to be Director on 17 Dec 2013.
Charges
A charge with Others amounted to Rs. 0.63 Cr with Charge ID 101174340 was registered on 14 Oct 2025.
AGM
Masterplast India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Masterplast India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 101008991 was registered on 06 Nov 2024.
Ceased
Brij Bhushan Handa ceased to be Director.
Ceased
Jitendra Chunilal Bhanasali ceased to be Director.
Ceased
Rolph Norbert Sequeira ceased to be Director.
Appointed
Baldev Singh Thakur was appointed as Director.
Appointed
Alok Kumar Mehta was appointed as Director.
Ceased
Ankit Rajinderkumar Miglani ceased to be Director.
Ceased
Anuj Rajinder Miglani ceased to be Director.
Appointed
Brij Bhushan Handa was appointed as Director.
11 earlier events are in the company report.
Frequently asked questions
Masterplast India is an active private limited company based in Mumbai, Maharashtra, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 06 November 2006 (20+ years old) and is registered under CIN U25200MH2006PTC165366.
Masterplast India has 2 current directors:
- Baldev Singh Thakur - Director
- Alok Kumar Mehta - Director
The latest financial statements of Masterplast India 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 Masterplast India is 23AAHCA7699H1ZA, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Masterplast India is U25200MH2006PTC165366. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Masterplast India has 12 court cases on record: 12 filed by the company. 5 are pending. Most are in the district courts.
Masterplast India was incorporated on 06 November 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Masterplast India by revenue are Greenshield Constrochem Private Limited, Bajaj Polyblends Private Limited, Calco Poly Technik Private Limited, all in the Manufacturing industry (Plastics and Resins), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Brij Bhushan Handa ceased to be Director on 17 Dec 2013. Jitendra Chunilal Bhanasali ceased to be Director on 17 Dec 2013. Rolph Norbert Sequeira ceased to be Director on 17 Dec 2013. Masterplast India has 18 board changes on record in total.
Yes, Masterplast India is registered as a medium enterprise under Udyam registration (number: UDYAM-MP-23-0000907).
Masterplast India can be reached through the website masterplast.in. Its registered office is in Mumbai, Maharashtra, India.
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