About MG Polyplast Industries Private Limited
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MG Polyplast Industries Private Limited is a private limited company based in Delhi, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 22 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U26100DL2010PTC209724. Its GSTIN is 08AAGCM8269C1Z9 (Rajasthan). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.34 Cr. It was formerly known as Mgi Glass Private Limited. It is led by directors including Ashok Garg and Manish Garg.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at House No – 42 Second Floor, Block B – 1 Ashok Vihar Phase – 2, Delhi, India – 110052.
As per the financials filed for FY 2025, the company reported a revenue of ₹338.9 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹7.34 Cr (net margin 2.2%) and EBITDA of ₹17.02 Cr (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 942% over three years and 10% over five years.
The company has about 77 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: MG Polyplast. As per MCA filings, the company has open charges of ₹208.25 Cr and satisfied charges of ₹4.17 Cr on record. Court records list 22 cases involving the company, including 19 filed by the company and 3 filed against it; 9 cases are pending. The company has 5 deals on record (2 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹5.77 Cr; the latest was in February 2020. Its 6 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 3 smaller; the largest is Ador Poly-Containers Limited with revenue of ₹357.55 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mgpolyplast.com.
Company details
Contact details
MG Polyplast Industries Private Limited's registered office is in Delhi, Delhi. Its website is mgpolyplast.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHouse No – 42 Second Floor, Block B – 1 Ashok Vihar Phase – 2, Delhi, India – 110052
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of MG Polyplast Industries 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
Brands
MG Polyplast Industries operates one associated brand: MG Polyplast. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of polycarbonate, polystyrene, and polypropylene sheets in India. | mgpolyplast.com |
Business activity
The main business activity of MG Polyplast Industries 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 MG Polyplast Industries Private Limited, buy the company report.
Financials of MG Polyplast Industries Private Limited
FY 2024 filings availableMG Polyplast Industries Private Limited reported revenue of ₹338.9 Cr (down 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 44% 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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| EBITDA | ₹17.02 Cr | ||||
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| Net Profit (PAT) | ₹7.34 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 5% | ||||
| Net Profit Margin | 2.2% | ||||
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To see the full financial statements and ratios of MG Polyplast Industries Private Limited, buy the company report.
Board of directors of MG Polyplast Industries Private Limited
MG Polyplast Industries has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Garg | Director | 22 Oct 2010 | 16 Years 0 Months | Current |
| Manish Garg | Director | 16 Aug 2019 | 7 Years 2 Months | Current |
| Sanjay Kumar Also directs: Travozet Industries Private Limited, Fortunetech Manufacturing Private Limited, MG Acryplast Industries Private Limited and 2 more | Director | 22 Oct 2010 | 16 Years 0 Months | Current |
Peer comparison
MG Polyplast Industries Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Ador Poly-Containers Limited | ₹357.55 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Mainetti (India) Private Limited | ₹355.73 Cr (FY 2025) | 29.0% | Chennai, Tamil Nadu, India | |||
| TPL Plastech Limited | ₹349.4 Cr (FY 2025) | 11.0% | Nani Daman Ut, Daman and Diu, India | |||
| MG Polyplast Industries Private Limitedthis company | ₹338.9 Cr (FY 2025) | ₹7.34 Cr | 2.2% | -18.0% | 77 | Delhi, India |
| Varsa Plastic Industries Private Limited | ₹332.95 Cr (FY 2025) | 26.0% | Aurangabad, Maharashtra, India | |||
| Mitsu Chem Plast Limited | ₹332.88 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Tara Tradelink Private Limited | ₹327.47 Cr (FY 2025) | 160.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of MG Polyplast Industries Private Limited, buy the company report.
Auditor
MG Polyplast Industries Private Limited is audited by UMESH AMITA & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UMESH AMITA & COMPANY | FY 2023 | 007238C |
Shareholding
The shareholding of MG Polyplast Industries 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of MG Polyplast Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2025 | 101123843 | Hdfc Bank Limited | ₹30 Lakh | Open | |
| 06 Sep 2023 | 100810048 | Axis Bank Limited | ₹1.3 Cr | Open | |
| 04 Jul 2023 | 100786419 | Axis Bank Limited | ₹29 Lakh | Open | |
| 20 Jan 2022 | 100546582 | Hdfc Bank Limited | ₹40 Cr | Open | |
| 29 May 2017 | 100119128 | Hdfc Bank Limited | ₹29 Cr | Open |
To see the full charge records of MG Polyplast Industries Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
MG Polyplast Industries Private Limited has 5 deals on record (2 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹5.77 Cr; the latest was in February 2020.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Adwyt International Private Limited |
| Mar 2018 | Rights issue | ₹7.31 Cr | Investors: Adwyt International Private Limited , 3 individuals |
| Aug 2016 | Rights issue | ₹8.18 Cr | Investors: Adwyt International Private Limited , 2 individuals |
| Dec 2011 | Funding round | ₹5.37 Cr | Investors: 4 individuals |
| Oct 2010 | Funding round | ₹40.5 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
MG Polyplast Industries Private Limited has 22 court cases on record: 19 filed by MG Polyplast Industries, 3 filed against it. 9 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 3 | 9 |
| High courts | 5 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Court case (CS (COMM.)) | Filed by the company against M/S Imaginearc Infrastructure Pvt Ltd | Pending |
| District court, North West, Delhi | Civil suit | Filed by the company against M/S Gods Steelcon Pvt. Ltd. and Anr. and 2 others | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed by the company against Jindal Buildsys Limited | Disposed |
| District court, South West, Delhi | Court case (CR CRIMINAL REVISION) | Filed against the company by an individual | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
To see the full case history of MG Polyplast Industries 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.
Credit ratings & regulatory alerts
MG Polyplast Industries Private Limited was last rated by Crisil on 21 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 21 Dec 2020 |
To see the full credit ratings and regulatory alerts of MG Polyplast Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for MG Polyplast Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
MG Polyplast Industries has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| MG Acryplast Industries Private Limited | U25209GJ2020PTC117172 |
To see the full group structure of MG Polyplast Industries Private Limited, buy the company report.
Employees & EPFO
MG Polyplast Industries Private Limited has a workforce of 77 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
MG Polyplast Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAGCM8269C1Z9 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MG Polyplast Industries Private Limited, buy the company report.
Recent activity
MG Polyplast Industries Private Limited has 5 board changes on record since 2010: 4 appointments and 1 cessation. The latest: Manish Garg was appointed as Director on 16 Aug 2019.
10 earlier events are in the company report.
Frequently asked questions
MG Polyplast Industries is an active private limited company based in Delhi, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 22 October 2010 (16+ years old) and is registered under CIN U26100DL2010PTC209724.
MG Polyplast Industries has 3 current directors:
- Ashok Garg - Director
- Manish Garg - Director
- Sanjay Kumar - Director
The latest financial statements of MG Polyplast Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of MG Polyplast Industries is 08AAGCM8269C1Z9, registered in Rajasthan. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of MG Polyplast Industries is U26100DL2010PTC209724. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MG Polyplast Industries has 22 court cases on record: 19 filed by the company and 3 filed against it. 9 are pending. Most are in the district courts.
MG Polyplast Industries was incorporated on 22 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
MG Polyplast Industries has 5 deals on record (2 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹5.77 Cr; the latest was in February 2020.
The peers of MG Polyplast Industries by revenue are Ador Poly-Containers Limited, Mainetti (India) Private Limited, TPL Plastech Limited, Varsa Plastic Industries Private Limited, Mitsu Chem Plast Limited and 1 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).
Manish Garg was appointed as Director on 16 Aug 2019. Manju Gupta ceased to be Additional Director on 13 Aug 2014. Manju Gupta was appointed as Additional Director on 01 Dec 2011. MG Polyplast Industries has 5 board changes on record in total.
MG Polyplast Industries can be reached through the website mgpolyplast.com. Its registered office is in Delhi, India.