About Neelplast Polymers Private Limited
Data last updated:
Neelplast Polymers Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 06 April 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U51432OR1999PTC005741. Its GSTIN is 21AACCP4413B1ZA (Odisha). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.1 Cr. It was formerly known as Pgl Supply and Services Private Limited. It is led by directors Kamal Kumar Agarwal and Pritha Agarwal.
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 1A Chanadaka Nucleus Complex Patia – B, Bhubaneswar, Odisha, India – 751024.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.23 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹1.54 Cr (net margin -7.3%) and EBITDA of ₹63.1 Lakh (EBITDA margin 3%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 11% over five years.
The company has about 39 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14.77 Cr and satisfied charges of ₹24.24 Cr on record. Court records list 19 cases involving the company, including 17 filed by the company and 2 filed against it; 15 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pglpipes.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address1A Chanadaka Nucleus Complex Patia – B, Bhubaneswar, Odisha, India – 751024
- IndustryManufacturing, Pipe & Tubes
- 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
- One PDF report, delivered after checkout
Business Activity of Neelplast Polymers Private Limited
The main business activity of Neelplast Polymers is manufacturing. In detail, this covers 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
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Neelplast Polymers Private Limited FY 2025 filings available
Neelplast Polymers Private Limited reported revenue of ₹21.23 Cr (down 50% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Neelplast Polymers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 50% fall in the latest year. EBITDA fell 72% 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 of Neelplast Polymers Private Limited
| 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 | ₹63.1 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.54 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 of Neelplast Polymers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -7.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Neelplast Polymers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Neelplast Polymers Private Limited
Neelplast Polymers Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Pipes, Polymers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| V S Stainless Tube Private Limited | ₹21.37 Cr (FY 2024) | •••• | •••• | 332.0% | •••• | Kolkata, West Bengal, India |
| Sanghi Tubes Private Limited | ₹21.32 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Kanpur, Uttar Pradesh, India |
| Pahira Steel & Tubes Private Limited | ₹21.31 Cr (FY 2025) | •••• | •••• | 161.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Nandha Pipes Private Limited | ₹21.29 Cr (FY 2025) | •••• | •••• | 183.0% | •••• | Hassan, Karnataka, India |
| Satyawat Polymers Private Limited | ₹21.25 Cr (FY 2024) | •••• | •••• | -85.0% | •••• | Bangalore, Karnataka, India |
| Neelplast Polymers Private Limited this company | ₹21.23 Cr (FY 2024) | •••• | •••• | -50.0% | •••• | Bhubaneswar, Odisha, India |
| Albatross Polymers Private Limited | ₹21.14 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Rajkot, Gujarat, India |
| Varahi Polymers Private Limited | ₹21.12 Cr (FY 2025) | •••• | •••• | 48.0% | •••• | Vallabhiopur, Gujarat, India |
| J.J. Tubes Private Limited | ₹21.12 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Kolkata, West Bengal, India |
| JSB Polymers Private Limited | ₹21.09 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Pune, Maharashtra, India |
| Sarvashree Industries Private Limited | ₹21.03 Cr (FY 2024) | •••• | •••• | -54.0% | •••• | Mungeriganj, Bihar, India |
Peers are the five companies nearest above and the five nearest below Neelplast Polymers by revenue in the Manufacturing industry (Pipes, Polymers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Neelplast Polymers Private Limited
Neelplast Polymers Private Limited is audited by GLS & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GLS & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Neelplast Polymers Private Limited
Neelplast Polymers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pritha Agarwal Also directs: PGL Ventures LLP, PGL Agritech Private Limited, PGL Composites Private Limited and 3 more | Additional Director | 01 Nov 2008 | 17 Years 11 Months | Current |
| Kamal Kumar Agarwal | Director | 15 Dec 1999 | 26 Years 9 Months | Current |
Ownership and Shareholding of Neelplast Polymers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Neelplast Polymers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jul 2022 | Sidbi | ₹4.75 Cr | Open |
| 29 Oct 2020 | Others | ₹10 Lakh | Open |
| 27 Aug 2019 | Others | ₹4.3 Cr | Open |
| 02 Aug 2018 | Others | ₹4 Cr | Open |
| 30 Dec 2017 | Canara Bank | ₹16.69 Lakh | Open |
Total charge records: 10 View all charges
Legal Cases of Neelplast Polymers Private Limited
Neelplast Polymers Private Limited has 19 court cases on record: 17 filed by Neelplast Polymers, 2 filed against it. 15 cases are pending and 4 are disposed. Status as checked between 29 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 1 | 14 |
| Supreme Court | 1 | 1 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Odisha | Court case (I . c. c) | Filed by the company against A K Enterprises Private Limited | Pending |
| High Court of Orissa | Writ petition | Filed by the company against State of Odisha | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed by the company against Saishree Traders | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed by the company against Omm Traders | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed by the company against an individual | Pending |
Full case history
All 19 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Neelplast Polymers Private Limited
Neelplast Polymers Private Limited has a workforce of 39 employees as of Apr 10, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Neelplast Polymers Private Limited
Neelplast Polymers Private Limited has 4 board changes on record since 1999: 2 appointments and 2 cessations. The latest: Rajesh Kedia ceased to be Director on 05 Jun 2019.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Neelplast Polymers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Neelplast Polymers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Neelplast Polymers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Neelplast Polymers Private Limited
Neelplast Polymers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AACCP4413B1ZA | Odisha | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Neelplast Polymers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Neelplast Polymers Private Limited
Neelplast Polymers is an active private limited company based in Bhubaneswar, Odisha, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 06 April 1999 (27+ years old) and is registered under CIN U51432OR1999PTC005741.
Neelplast Polymers reported revenue of ₹21.23 Cr for FY 2024 (down 50% YoY).
Neelplast Polymers has 2 current directors:
- Pritha Agarwal - Additional Director
- Kamal Kumar Agarwal - Director
Neelplast Polymers reported a net loss of ₹1.54 Cr (net margin -7.3%) and EBITDA of ₹63.1 Lakh (EBITDA margin 3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Neelplast Polymers is -17% over three years and -11% over five years. In the latest year (FY 2024) revenue fell 50%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Neelplast Polymers is 21AACCP4413B1ZA, registered in Odisha. 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 Neelplast Polymers is U51432OR1999PTC005741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neelplast Polymers has 19 court cases on record: 17 filed by the company and 2 filed against it. 15 are pending. Most are in the district courts.
Neelplast Polymers was incorporated on 06 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Neelplast Polymers by revenue are V S Stainless Tube Private Limited, Sanghi Tubes Private Limited, Pahira Steel & Tubes Private Limited, Nandha Pipes Private Limited, Satyawat Polymers Private Limited and 5 more, all in the Manufacturing industry (Pipes, Polymers).
Rajesh Kedia ceased to be Director on 05 Jun 2019. Pushpa Devi Agarwal ceased to be Director on 10 Nov 2008. Pritha Agarwal was appointed as Additional Director on 01 Nov 2008. Neelplast Polymers has 4 board changes on record in total.