About Nirmal Poly Plast Private Limited
Data last updated:
Nirmal Poly 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 20 January 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25200MH1989PTC050419. Its GSTIN is 27AAACN3772F3ZG (Maharashtra). The company holds 9 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.89 Cr. It is led by directors including Harshit Vinod Shah (Whole-Time Director) and Padamshi Kanji 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 Unit No.001 Ground Floor 215 Atrium Andheri – Kurla Road Andheri (East), Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹277.32 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹19.11 Cr (net margin 6.9%) and EBITDA of ₹43.78 Cr (EBITDA margin 15.8%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 27% over five years.
The company has about 702 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹167.48 Cr and satisfied charges of ₹11.42 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 3 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in September 2024. 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, 4 larger and 4 smaller; the largest is SPR Takahata Precision India Private Limited with revenue of ₹297.74 Cr. The company has 8 MSME Form 1 returns on record between 2021 and 2024, listing 385 overdue payments to 62 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ratanplastics.com.
Company details
Contact details
Nirmal Poly Plast Private Limited's registered office is in Mumbai, Maharashtra. Its website is ratanplastics.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressUnit No.001 Ground Floor 215 Atrium Andheri – Kurla Road Andheri (East), Mumbai, Maharashtra, India – 400013
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Nirmal Poly Plast 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
Business activity
The main business activity of Nirmal Poly 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 Nirmal Poly Plast Private Limited, buy the company report.
Financials of Nirmal Poly Plast Private Limited
FY 2025 filings availableNirmal Poly Plast Private Limited reported revenue of ₹277.32 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 9% growth in the latest year. EBITDA fell 13% 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 | ₹43.78 Cr | ||||
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| Net Profit (PAT) | ₹19.11 Cr | ||||
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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 | 15.8% | ||||
| Net Profit Margin | 6.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nirmal Poly Plast Private Limited, buy the company report.
Board of directors of Nirmal Poly Plast Private Limited
Nirmal Poly Plast has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshit Vinod Shah | Whole-Time Director | 01 Mar 2003 | 23 Years 7 Months | Current |
| Padamshi Kanji Shah | Whole-Time Director | 31 Mar 1995 | 31 Years 6 Months | Current |
| Nishit Vinod Shah | Director | 02 Apr 2018 | 8 Years 6 Months | Current |
| Vinod Kanji Shah | Whole-Time Director | 01 Jan 1991 | 35 Years 9 Months | Current |
Peer comparison
Nirmal Poly 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 |
|---|---|---|---|---|---|---|
| SPR Takahata Precision India Private Limited | ₹297.74 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Blow Packaging (India) Private Limited | ₹291.6 Cr (FY 2025) | 6.0% | Chennai, Tamil Nadu, India | |||
| Suprabha Protective Products Pvt Ltd | ₹283.83 Cr (FY 2025) | 14.0% | Pune, Maharashtra, India | |||
| Kohinoor Ropes Private Limited | ₹278.85 Cr (FY 2025) | 33.0% | Sailu, Maharashtra, India | |||
| Nirmal Poly Plast Private Limitedthis company | ₹277.32 Cr (FY 2025) | ₹19.11 Cr | 6.9% | 9.0% | 702 | Mumbai, Maharashtra, India |
| Kisan Mouldings Limited | ₹273.59 Cr (FY 2024) | -1.0% | Mumbai, Maharashtra, India | |||
| Lit (India) Private Limited | ₹271.9 Cr (FY 2025) | 159.0% | New Delhi, Delhi, India | |||
| Aristoplast Products Private Limited | ₹266.84 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Ghan Shyam Oils Private Limited | ₹260.52 Cr (FY 2025) | 58.0% | Kanpur Nagar, Uttar Pradesh, India |
To see the full peer comparison of Nirmal Poly Plast Private Limited, buy the company report.
Auditor
Nirmal Poly Plast Private Limited is audited by CGCA & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CGCA & Associates | FY 2024 | 123393W |
Shareholding
The shareholding of Nirmal Poly Plast Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nirmal Poly Plast Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jan 2024 | 100853209 | Hdfc Bank Limited | ₹17.5 Lakh | Open | |
| 06 Apr 2023 | 100741270 | Hdfc Bank Limited | ₹15.86 Lakh | Open | |
| 08 May 2018 | 100195581 | Hdfc Bank Limited | ₹68.41 Cr | Open | |
| 02 Apr 2018 | 100170265 | Hdfc Bank Limited | ₹4.38 Cr | Open | |
| 30 Jun 2012 | 10363273 | Hdfc Bank Limited | ₹94.36 Cr | Open |
To see the full charge records of Nirmal Poly Plast Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Nirmal Poly Plast Private Limited has 2 deals on record (2 secondary share transfers); the latest was in September 2024.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Secondary share transfer | Undisclosed | Seller: Navin Kanji Shah Huf, Padamshi Kanji Shah Huf |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Navin Kanji Shah Huf, Padamshi Kanji Shah Huf, Vinod Kanji Shah Huf Seller: Bharmal Kanji Shah HUF, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nirmal Poly Plast Private Limited has 8 court cases on record: 2 filed by Nirmal Poly Plast, 6 filed against it. 3 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 2 |
| High courts | 2 | 2 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by Uday Buildcon Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Maa Katyani Enterprises | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Pawan Enterprises | Pending |
| Bombay High Court | Court case (COMIP) | Filed against the company | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Nirmal Poly 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.
Credit ratings & regulatory alerts
Nirmal Poly Plast Private Limited was last rated by Crisil on 13 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 13 May 2020 |
To see the full credit ratings and regulatory alerts of Nirmal Poly Plast Private Limited, buy the company report.
MSME payment delays
Nirmal Poly Plast Private Limited has 8 MSME Form 1 returns on record between 2021 and 2024, listing 385 overdue payments to 62 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 62)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Padmavati Corro Tech | |||
| an individual supplier | |||
| Magnum Management and Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Nirmal Poly Plast Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nirmal Poly Plast Private Limited has a workforce of 702 employees on its EPFO records as of Mar 17, 2025, across 1 active EPFO establishment.
GST
Nirmal Poly Plast has 9 GST registrations: 6 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN3772F3ZG | Maharashtra | Active | 01 Nov 2017 |
| 24AAACN3772F1ZO | Gujarat | Active | 09 Feb 2018 |
| 24AAACN3772F2ZN | Gujarat | Active | 01 Aug 2019 |
| 26AAACN3772F1ZK | Daman & Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Nirmal Poly Plast Private Limited, buy the company report.
Recent activity
Nirmal Poly Plast Private Limited has 4 board changes on record since 1991: 4 appointments. The latest: Nishit Vinod Shah was appointed as Director on 02 Apr 2018.
13 earlier events are in the company report.
Frequently asked questions
Nirmal Poly 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 20 January 1989 (37+ years old) and is registered under CIN U25200MH1989PTC050419.
Nirmal Poly Plast has 4 current directors:
- Harshit Vinod Shah - Whole-Time Director
- Padamshi Kanji Shah - Whole-Time Director
- Vinod Kanji Shah - Whole-Time Director
- Nishit Vinod Shah - Director
The latest financial statements of Nirmal Poly 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 Nirmal Poly Plast is 27AAACN3772F3ZG, registered in Maharashtra. The company has 9 GST registrations in all, of which 6 are active and 3 are cancelled or inactive. Other active GSTINs include 24AAACN3772F1ZO (Gujarat), 24AAACN3772F2ZN (Gujarat), 26AAACN3772F1ZK (Daman & Diu).
The CIN (Corporate Identification Number) of Nirmal Poly Plast is U25200MH1989PTC050419. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirmal Poly Plast has 8 court cases on record: 2 filed by the company and 6 filed against it. 3 are pending. Most are in the district courts.
Nirmal Poly Plast was incorporated on 20 January 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Nirmal Poly Plast has 2 deals on record (2 secondary share transfers); the latest was in September 2024.
The peers of Nirmal Poly Plast by revenue are SPR Takahata Precision India Private Limited, Blow Packaging (India) Private Limited, Suprabha Protective Products Pvt Ltd, Kohinoor Ropes Private Limited, Kisan Mouldings 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).
Nishit Vinod Shah was appointed as Director on 02 Apr 2018. Harshit Vinod Shah was appointed as Whole-Time Director on 01 Mar 2003. Padamshi Kanji Shah was appointed as Whole-Time Director on 31 Mar 1995. Nirmal Poly Plast has 4 board changes on record in total.
Nirmal Poly Plast has 8 MSME Form 1 returns on record between 2021 and 2024, listing 385 overdue payments to 62 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Nirmal Poly Plast can be reached through the website ratanplastics.com. Its registered office is in Mumbai, Maharashtra, India.
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