Mpipl Polyplas India Private Limited
About Mpipl Polyplas India Private Limited
Data last updated:
Mpipl Polyplas India Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the plastic-based products segment of the manufacturing sector. It was incorporated on 14 December 1988.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U25200MH1988PTC050021. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹8.65 Cr and a paid-up capital of ₹8.53 Cr. It was formerly known as Milton Polyplas India Private Limited and Milton Polyplas India Limited. It was led by directors including Indrajit Bansilal Vaghani and Madhup Bansilal Vaghani.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹58.09 Lakh, a decline of 34% compared to the previous year. For the same year it recorded a net profit of ₹15.73 Lakh (net margin 27.1%) and EBITDA of ₹20.34 Lakh (EBITDA margin 35%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 4% over five years.
As per MCA filings, the company had open charges of ₹2.14 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹8.38 Cr; the latest was in March 2018. Its 10 peer companies in the Manufacturing industry (Plastic Based Products) are compared by revenue, 5 larger and 5 smaller; the largest is JSR Plasto Tools Private Limited with revenue of ₹59.23 Lakh.
Company details
Name history
Mpipl Polyplas India has undergone 2 name changes throughout its history. The company was previously known as Milton Polyplas India Private Limited, and Milton Polyplas India Limited. The current legal name is Mpipl Polyplas India Private Limited.
| Company Name | Status |
|---|---|
| Mpipl Polyplas India Private Limited | Current |
| Milton Polyplas India Private Limited | Previous |
| Milton Polyplas India Limited | Previous |
CIN history
Mpipl Polyplas India has one previous CIN (Corporate Identification Number): U25200MH1988PLC050021. The current CIN is U25200MH1988PTC050021, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25200MH1988PTC050021 | Current |
| U25200MH1988PLC050021 | Previous |
Contact details
Mpipl Polyplas India Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address1st Floor 134 Ab Govt Indl Estate Charkop Kandivali West Near Capsul Company Hind, Ustan Naka, Mumbai, Maharashtra, India – 400067
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Mpipl Polyplas India Private Limited, buy the company report.
- 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
Financials of Mpipl Polyplas India Private Limited
FY 2023 filings availableMpipl Polyplas India Private Limited reported revenue of ₹58.09 Lakh (down 34% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 34% fall in the latest year. EBITDA fell 37% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Total Expenses | |||||
| EBITDA | ₹20.34 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.73 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 35% | ||||
| Net Profit Margin | 27.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Mpipl Polyplas India Private Limited, buy the company report.
Board of directors of Mpipl Polyplas India Private Limited
Mpipl Polyplas India has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Indrajit Bansilal Vaghani | Director | 03 Aug 1992 | 34 Years 2 Months | As last reported |
| Madhup Bansilal Vaghani | Director | 06 Jan 2018 | 8 Years 9 Months | As last reported |
| Mikhail Madhup Vaghani | Director | 01 Apr 2020 | 6 Years 6 Months | As last reported |
| Indira Bansilal Vaghani | Director | 01 Apr 2020 | 6 Years 6 Months | As last reported |
Peer comparison
Mpipl Polyplas India Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JSR Plasto Tools Private Limited | ₹59.23 Lakh (FY 2024) | -18.0% | Faridabad, Haryana, India | |||
| Ganga Plastic Products Private Limited | ₹59.1 Lakh (FY 2019) | -54.0% | Patna, Bihar, India | |||
| Jam Jen Composites Private Limited | ₹58.65 Lakh (FY 2024) | 44.0% | Chennai, Tamil Nadu, India | |||
| Sri Bharathi Tech Private Limited | ₹58.33 Lakh (FY 2024) | -36.0% | Pune, Maharashtra, India | |||
| Blossom Polymers Private Limited | ₹58.19 Lakh (FY 2025) | -15.0% | West Bengal, India | |||
| Mpipl Polyplas India Private Limitedthis company | ₹58.09 Lakh (FY 2022) | ₹15.73 Lakh | 27.1% | -34.0% | Mumbai, Maharashtra, India | |
| Vizamo Plast India Private Limited | ₹58 Lakh (FY 2025) | Pune, Maharashtra, India | ||||
| JPW Homeware Creations Private Limited | ₹57.73 Lakh (FY 2025) | -76.0% | Mumbai, Maharashtra, India | |||
| Siddhidies Molds Private Limited | ₹57.49 Lakh (FY 2025) | Pune, Maharashtra, India | ||||
| Yogeshwar Plaspax Private Limited | ₹57.46 Lakh (FY 2016) | 13.0% | Mumbai, Maharashtra, India | |||
| Wilson Plastics Private Limited | ₹57.44 Lakh (FY 2024) | -20.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Mpipl Polyplas India Private Limited, buy the company report.
Auditor
Mpipl Polyplas India Private Limited is audited by MEHTA CHOKSHI & SHAH for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHTA CHOKSHI & SHAH | FY 2018 | 106201W |
Shareholding
The shareholding of Mpipl Polyplas India Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mpipl Polyplas India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jun 1999 | 90225018 | Central Bank of India | ₹7.81 Lakh | Open | |
| 05 Apr 1998 | 90224911 | Central Bank of India | ₹28.28 Lakh | Open | |
| 14 Feb 1992 | 90224316 | Central Bank of India | ₹47.66 Lakh | Open | |
| 20 Jun 1991 | 90224263 | Central Bank of India | ₹11.78 Lakh | Open | |
| 06 May 1991 | 90224250 | Central Bank of India | ₹14.61 Lakh | Open |
To see the full charge records of Mpipl Polyplas India Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Mpipl Polyplas India Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹8.38 Cr; the latest was in March 2018.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Roulette Merc. & Finvest Company Private Limited, 3 individuals |
To see the full deal history of Mpipl Polyplas India 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
Mpipl Polyplas India Private Limited has 1 court case on record: 1 filed by Mpipl Polyplas India. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Mpipl Polyplas 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 Mpipl Polyplas India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mpipl Polyplas India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Mpipl Polyplas India Private Limited, buy the company report.
Recent activity
Mpipl Polyplas India Private Limited has 9 board changes on record since 1992: 4 appointments and 5 cessations. The latest: Bansilal Ishwarlal Vaghani ceased to be Director on 17 Oct 2022.
10 earlier events are in the company report.
Frequently asked questions
Mpipl Polyplas India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Mpipl Polyplas India was a private limited company based in Mumbai, Maharashtra, India. The company worked in plastic-based products, within the manufacturing industry. It was incorporated on 14 December 1988 and is registered under CIN U25200MH1988PTC050021. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Mpipl Polyplas India was incorporated on 14 December 1988. It is registered with the Registrar of Companies, Mumbai.
Mpipl Polyplas India had 4 directors:
- Indrajit Bansilal Vaghani - Director
- Madhup Bansilal Vaghani - Director
- Mikhail Madhup Vaghani - Director
- Indira Bansilal Vaghani - Director
The CIN (Corporate Identification Number) of Mpipl Polyplas India is U25200MH1988PTC050021. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Mpipl Polyplas India is at 1st Floor 134 Ab Govt Indl Estate Charkop Kandivali West Near Capsul Company Hind, Ustan Naka, Mumbai, Maharashtra, India – 400067.
The latest financial statements of Mpipl Polyplas India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Mpipl Polyplas India has 1 GST registration on record and it is cancelled or inactive.
Mpipl Polyplas India operated in the manufacturing industry, in the plastic-based products segment.
Mpipl Polyplas India has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹8.38 Cr; the latest was in March 2018.
The peers of Mpipl Polyplas India by revenue are JSR Plasto Tools Private Limited, Ganga Plastic Products Private Limited, Jam Jen Composites Private Limited, Sri Bharathi Tech Private Limited, Blossom Polymers Private Limited and 5 more, all in the Manufacturing industry (Plastic Based Products).