MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0024922
Milan Plast Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹58.93 Cr
▼ 7% YoY
Net profit · FY 2025
₹98.35 Lakh
Net margin 1.7%
EBITDA · FY 2025
₹7.92 Cr
EBITDA margin 13.4%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹83.98 Lakh
Issued & subscribed
Open charges
₹12.1 Cr
Satisfied ₹25.82 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
72
Provident fund records
About Milan Plast Private Limited
Data last updated:
Milan Plast 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 06 November 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH1987PTC045214. Its GSTIN is 26AAACM3478M1Z3 (Dadra and Nagar Haveli and Daman and Diu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹83.98 Lakh. It is led by directors including Padamshi Madan Shah (Managing Director) and Avin Vipul Shah (Whole-Time Director).
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 B 16 Nand Bhuvanindustrial Estate Mahakali Caves Rd Andheri (E), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹58.93 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹98.35 Lakh (net margin 1.7%) and EBITDA of ₹7.92 Cr (EBITDA margin 13.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 6% over five years.
The company has about 72 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Milan Plast. As per MCA filings, the company has open charges of ₹12.1 Cr and satisfied charges of ₹25.82 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company. The company has 2 deals on record (2 secondary share transfers); the latest was in July 2022. Its 8 peer companies in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 5 smaller; the largest is Prince Multiplast Private Limited with revenue of ₹59.81 Cr.
Milan Plast Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0024922). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milanplast.net.
Company details
CIN U27100MH1987PTC045214
Registration Number 045214
Incorporation Date 06 November 1987
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 Small
Udyam Registration UDYAM-MH-18-0024922
Key People
Padamshi Madan Shah Managing Director Avin Vipul Shah Whole-Time Director Praful Padamshi Shah Director Recognitions & Rankings of Milan Plast
Contact details
Milan Plast Private Limited's registered office is in Mumbai, Maharashtra. Its website is milanplast.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB 16 Nand Bhuvanindustrial Estate Mahakali Caves Rd Andheri (E), Mumbai, Maharashtra, India – 400093
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Milan Plast Private Limited, buy the company report.
Comprehensive company report
Milan Plast 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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Brands
Milan Plast operates one associated brand: Milan Plast. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of plastic products for household, industrial, and agricultural applications in India. | milanplast.net |
Business activity
The main business activity of Milan Plast 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 Milan Plast Private Limited, buy the company report.
Financials of Milan Plast Private Limited
FY 2025 filings availableMilan Plast Private Limited reported revenue of ₹58.93 Cr (down 7% YoY) for FY 2025.
Revenue · FY 2025
₹58.93 Cr ▼ 7%
Net profit · FY 2025
₹98.35 Lakh margin 1.7%
EBITDA · FY 2025
₹7.92 Cr margin 13.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 2%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 34%
3 years · compounded
▼ 3%
5 years · compounded
▼ 3%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 34% 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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| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹7.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹98.35 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 13.4% | ||||
| Net Profit Margin | 1.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Milan Plast Private Limited, buy the company report.
Board of directors of Milan Plast Private Limited
Milan Plast has 5 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avin Vipul Shah | Whole-Time Director | 27 Jan 2017 | 9 Years 8 Months | Current |
| Praful Padamshi Shah Also directs: Milan Decor Private Limited | Director | 06 Jun 2003 | 23 Years 4 Months | Current |
| Chandrika Vipul Shah | Director | 01 Dec 2005 | 20 Years 10 Months | Current |
| Vipul Padamshi Shah Also directs: Milan Decor Private Limited | Director | 15 Jun 2001 | 25 Years 4 Months | Current |
| Padamshi Madan Shah Also directs: Milan Decor Private Limited | Managing Director | 06 Nov 1987 | 38 Years 11 Months | Current |
Peer comparison
Milan Plast Private Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), 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 |
|---|---|---|---|---|---|---|
| Prince Multiplast Private Limited | ₹59.81 Cr (FY 2025) | 10.0% | Nani Daman, Daman and Diu, India | |||
| Kaira Technoplast Private Limited | ₹59.5 Cr (FY 2024) | 29.0% | Khargone, Madhya Pradesh, India | |||
| Flexicom Industries Private Limited | ₹59.13 Cr (FY 2025) | 14926.0% | Guwahati, Assam, India | |||
| Milan Plast Private Limitedthis company | ₹58.93 Cr (FY 2025) | ₹98.35 Lakh | 1.7% | -7.0% | 72 | Mumbai, Maharashtra, India |
| A.M.P. Polymers India Private Limited | ₹58.74 Cr (FY 2025) | 21.0% | Kanpur, Uttar Pradesh, India | |||
| Cans & Closures Private Limited | ₹58.63 Cr (FY 2025) | 66.0% | Kolkata, West Bengal, India | |||
| Efficient Plastech Private Limited | ₹58.63 Cr (FY 2024) | 221.0% | Mumbai, Maharashtra, India | |||
| Aquaco Industries Private Limited | ₹58.55 Cr (FY 2025) | -72.0% | New Delhi, Delhi, India | |||
| SBM Pipe Industries Private Limited | ₹58.37 Cr (FY 2025) | -67.0% | Siliguri, West Bengal, India |
To see the full peer comparison of Milan Plast Private Limited, buy the company report.
Auditor
Milan Plast Private Limited is audited by HSMP & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HSMP & Associates LLP | FY 2023 | 100026W |
Shareholding
The shareholding of Milan Plast 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 Milan Plast Private Limited, buy the company report.
Charges & borrowings
Open charges
₹12.1 Cr
Satisfied charges
₹25.82 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Apr 2017 | 100108648 | Hdfc Bank Limited | ₹6.2 Cr | Open | |
| 09 Mar 2010 | 10204543 | Axis Bank Limited | ₹5.9 Cr | Open | |
| 30 Jan 2015 | 10551608 | Others | ₹9.4 Cr | Satisfied | |
| 28 Sep 2011 | 10309267 | The Cosmos Co-Op Bank Ltd | ₹30 Lakh | Satisfied | |
| 28 Mar 2011 | 10330021 | The Cosmos Co-Op Bank Ltd | ₹6.65 Cr | Satisfied |
To see the full charge records of Milan Plast Private Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Milan Plast Private Limited has 2 deals on record (2 secondary share transfers); the latest was in July 2022.
Total deals
2
Secondary share transfers
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Padamshi M SHah HUF, an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Milan Plast Private Limited has 3 court cases on record: 3 filed by Milan Plast. All cases are disposed.
Total cases
3
Filed by the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Daman, The Dadra And Nagar Haveli And Daman And Diu | Civil suit | Filed by the company against an individual | Disposed |
| District court, Daman, The Dadra And Nagar Haveli And Daman And Diu | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Milan Plast 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 Milan Plast Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Milan Plast has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Milan Decor Private Limited | U74994MH2005PTC156253 |
To see the full group structure of Milan Plast Private Limited, buy the company report.
Employees & EPFO
Milan Plast Private Limited has a workforce of 72 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
72
Active EPFO establishments
1
Employee growth
-6.49%
GST
Milan Plast has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAACM3478M1Z3 | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Milan Plast Private Limited, buy the company report.
Recent activity
Milan Plast Private Limited has 5 board changes on record since 1987: 5 appointments. The latest: Avin Vipul Shah was appointed as Whole-Time Director on 27 Jan 2017.
AGM
Milan Plast Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Milan Plast Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Axis Bank Limited of Rs. 5.90 Cr registered on 09 Mar 2010 with Charge ID 10204543 was modified on 10 Jul 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 6.20 Cr registered on 01 Apr 2017 with Charge ID 100108648 was modified on 28 Sep 2022.
Charges
A charge registered on 21 Jun 2006 via Charge ID 10008899 with Citibank N. A. was fully satisfied on 18 Jan 2019.
Charges
A charge registered on 21 Jun 2006 via Charge ID 10025066 with Citibank N. A. was fully satisfied on 18 Jan 2019.
Charges
A charge registered on 30 Jan 2015 via Charge ID 10551608 with Others was fully satisfied on 11 Jul 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 6.20 Cr with Charge ID 100108648 was registered on 01 Apr 2017.
Appointed
Avin Vipul Shah was appointed as Whole-Time Director.
Charges
A charge with Others of Rs. 9.40 Cr registered on 30 Jan 2015 with Charge ID 10551608 was modified on 28 Jun 2016.
Charges
A charge registered on 24 Dec 1998 via Charge ID 90215622 with Bombay Mercantile Co - Op. Bank Ltd. was fully satisfied on 20 Apr 2015.
Charges
A charge registered on 28 Sep 2011 via Charge ID 10309267 with The Cosmos Co-Op Bank Ltd was fully satisfied on 05 Mar 2015.
23 earlier events are in the company report.
Frequently asked questions
Milan Plast 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 06 November 1987 (39+ years old) and is registered under CIN U27100MH1987PTC045214.
Milan Plast has 5 current directors:
- Padamshi Madan Shah - Managing Director
- Avin Vipul Shah - Whole-Time Director
- Praful Padamshi Shah - Director
- Chandrika Vipul Shah - Director
- Vipul Padamshi Shah - Director
The latest financial statements of Milan Plast 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 Milan Plast is 26AAACM3478M1Z3, registered in Dadra and Nagar Haveli and Daman and 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 Milan Plast is U27100MH1987PTC045214. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milan Plast has 3 court cases on record: 3 filed by the company.
Milan Plast was incorporated on 06 November 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Milan Plast has 2 deals on record (2 secondary share transfers); the latest was in July 2022.
The peers of Milan Plast by revenue are Prince Multiplast Private Limited, Kaira Technoplast Private Limited, Flexicom Industries Private Limited, A.M.P. Polymers India Private Limited, Cans & Closures Private Limited and 3 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Avin Vipul Shah was appointed as Whole-Time Director on 27 Jan 2017. Chandrika Vipul Shah was appointed as Director on 01 Dec 2005. Praful Padamshi Shah was appointed as Director on 06 Jun 2003. Milan Plast has 5 board changes on record in total.
Yes, Milan Plast is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0024922).