Nuway Plastics Private Limited
About Nuway Plastics Private Limited
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Nuway Plastics 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 05 September 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH1989PTC053317. Its GSTIN is 26AABCN3165B1ZW (Daman & Diu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Ajay Sriballabh Bhargava (Managing Director) and Ankur Arun Kumar Bhargava.
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 F – 3 Khira Ind Estateb M Bhargava Rd Santacruz W, Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.64 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹31.57 Lakh (net margin 5.6%) and EBITDA of ₹65.15 Lakh (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 12% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹4.87 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nuway Plastics Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressF – 3 Khira Ind Estateb M Bhargava Rd Santacruz W, Mumbai, Maharashtra, India – 400054
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Nuway Plastics 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 Nuway Plastics 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 Nuway Plastics Private Limited, buy the company report.
Financials of Nuway Plastics Private Limited
FY 2025 filings availableNuway Plastics Private Limited reported revenue of ₹5.64 Cr (down 21% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 21% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 35% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹65.15 Lakh | ||||
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| Net Profit (PAT) | ₹31.57 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 11.5% | ||||
| Net Profit Margin | 5.6% | ||||
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To see the full financial statements and ratios of Nuway Plastics Private Limited, buy the company report.
Board of directors of Nuway Plastics Private Limited
Nuway Plastics has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankur Arun Kumar Bhargava | Director | 01 Oct 2014 | 12 Years 0 Months | Current |
| Akshay Ajay Bhargava | Director | 01 Oct 2014 | 12 Years 0 Months | Current |
| Krishnakumar Sriballabh Bhargava | Director | 16 Sep 1994 | 32 Years 1 Months | Current |
| Ajay Sriballabh Bhargava | Managing Director | 05 Sep 1989 | 37 Years 1 Months | Current |
Peer comparison
Nuway Plastics Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Sunray Polywood Private Limited | ₹5.66 Cr (FY 2025) | 23.0% | Barnala, Punjab, India | |||
| Eurasia Polychem Private Limited | ₹5.64 Cr (FY 2022) | 102.0% | Mumbai, Maharashtra, India | |||
| Nuway Plastics Private Limitedthis company | ₹5.64 Cr (FY 2024) | ₹31.57 Lakh | 5.6% | -21.0% | 31 | Mumbai, Maharashtra, India |
| Harishankar Polymers Private Limited | ₹5.62 Cr (FY 2025) | 88.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Nuway Plastics Private Limited, buy the company report.
Auditor
Nuway Plastics Private Limited is audited by S G C O & CO. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S G C O & CO. LLP | FY 2022 | 112081W/W100184 |
Shareholding
The shareholding of Nuway Plastics Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | 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 Nuway Plastics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2018 | 100168015 | Hdfc Bank Limited | ₹1.05 Cr | Satisfied | |
| 06 Nov 2009 | 10187350 | Oriental Bank of Commerce Limited | ₹1.91 Cr | Satisfied | |
| 27 Nov 2003 | 90223494 | Oriental Bank of Commerce Limited | ₹1.91 Cr | Satisfied |
To see the full charge records of Nuway Plastics Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Nuway Plastics Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Nuway Plastics Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kreston SG Advisors LLP |
To see the full MSME payment records of Nuway Plastics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nuway Plastics Private Limited has a workforce of 31 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Nuway Plastics has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AABCN3165B1ZW | Daman & Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Nuway Plastics Private Limited, buy the company report.
Recent activity
Nuway Plastics Private Limited has 6 board changes on record since 1989: 4 appointments and 2 cessations. The latest: Akshay Ajay Bhargava ceased to be Additional Director on 30 Sep 2015.
5 earlier events are in the company report.
Frequently asked questions
Nuway Plastics 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 05 September 1989 (37+ years old) and is registered under CIN U25209MH1989PTC053317.
Nuway Plastics has 4 current directors:
- Ajay Sriballabh Bhargava - Managing Director
- Ankur Arun Kumar Bhargava - Director
- Akshay Ajay Bhargava - Director
- Krishnakumar Sriballabh Bhargava - Director
The latest financial statements of Nuway Plastics 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 Nuway Plastics is 26AABCN3165B1ZW, registered in Daman & 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 Nuway Plastics is U25209MH1989PTC053317. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nuway Plastics was incorporated on 05 September 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Nuway Plastics by revenue are Sunray Polywood Private Limited, Eurasia Polychem Private Limited, Harishankar Polymers Private Limited, 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).
Akshay Ajay Bhargava ceased to be Additional Director on 30 Sep 2015. Ankur Arun Kumar Bhargava ceased to be Additional Director on 30 Sep 2015. Akshay Ajay Bhargava was appointed as Director on 01 Oct 2014. Nuway Plastics has 6 board changes on record in total.
Nuway Plastics has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 30 Jul 2020.
The registered office of Nuway Plastics is at F – 3 Khira Ind Estateb M Bhargava Rd Santacruz W, Mumbai, Maharashtra, India – 400054.
Nuway Plastics operates in the manufacturing industry, in the plastic-based products segment.
Nuway Plastics has no open charges and satisfied charges of ₹4.87 Cr as per latest MCA filings.
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