Parshvanath Plastic Private Limited
About Parshvanath Plastic Private Limited
Data last updated:
Parshvanath Plastic Private Limited is a private limited company based in Veraval, Gujarat, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 07 March 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209GJ1988PTC010425. Its GSTIN is 24AACCP1688G1ZF (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Maniskumar Indulal Vasa and Devyani Manish Vasa.
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 Gondal Highway Shapar – Veraval Indl. Area, Gujarat, India – 360002.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.86 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹76,000 (net margin 0.2%) and EBITDA of ₹20.35 Lakh (EBITDA margin 4.2%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹28.5 Lakh and satisfied charges of ₹10 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressGondal Highway Shapar – Veraval Indl. Area, Gujarat, India – 360002
- IndustryPackaging, Woven Packaging Products
- 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
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Business Activity of Parshvanath Plastic Private Limited
The main business activity of Parshvanath Plastic 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 Parshvanath Plastic Private Limited FY 2024 filings available
Parshvanath Plastic Private Limited reported revenue of ₹4.86 Cr (up 20% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Parshvanath Plastic Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 20% growth in the latest year. EBITDA fell 12% 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 Parshvanath Plastic Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹20.35 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹76,000 | •••• | •••• | •••• | •••• |
| 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 Parshvanath Plastic Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 Parshvanath Plastic 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 Parshvanath Plastic Private Limited
Parshvanath Plastic Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Woven Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dhanraj Packaging Private Limited | ₹5.29 Cr (FY 2025) | •••• | •••• | 134.0% | •••• | Nagpur, Maharashtra, India |
| Shree Dhairiya Lakshmi Polysacks Private Limited | ₹5.19 Cr (FY 2024) | •••• | •••• | -18.0% | •••• | Chennai, Tamil Nadu, India |
| Tupack International Private Limited | ₹5.17 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Indore, Madhya Pradesh, India |
| R.K. Polytex Private Limited | ₹5.16 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Jaipur, Rajasthan, India |
| Klikk Pack Private Limited | ₹4.99 Cr (FY 2025) | •••• | •••• | 267.0% | •••• | Kolkata, West Bengal, India |
| Parshvanath Plastic Private Limited this company | ₹4.86 Cr (FY 2023) | •••• | •••• | 20.0% | •••• | Veraval, Gujarat, India |
| Nico Flex Private Limited | ₹4.84 Cr (FY 2024) | •••• | •••• | 96.0% | •••• | Agra, Uttar Pradesh, India |
| Real Technocreat Private Limited | ₹4.77 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Surat, Gujarat, India |
| Digvijai Polytex Private Limited | ₹4.74 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Kamarajar Dt, Tamil Nadu, India |
| Royal Weavers Private Limited | ₹4.64 Cr (FY 2024) | •••• | •••• | 56.0% | •••• | Rourkela, Odisha, India |
| FMS Bags India Private Limited | ₹4.6 Cr (FY 2025) | •••• | •••• | 85.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Parshvanath Plastic by revenue in the Packaging industry (Woven Products), 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 Parshvanath Plastic Private Limited
Parshvanath Plastic Private Limited is audited by PABARI ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PABARI ASSOCIATES | 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 Parshvanath Plastic Private Limited
Parshvanath Plastic has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maniskumar Indulal Vasa | Director | 07 Mar 1988 | 38 Years 7 Months | Current |
| Devyani Manish Vasa | Director | 30 Sep 2002 | 24 Years 0 Months | Current |
Ownership and Shareholding of Parshvanath Plastic 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 Parshvanath Plastic Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Oct 2006 | Oriental Bank of Commerce | ₹28.5 Lakh | Open |
| 22 Sep 2003 | Jajkot Comm. Co.Op. Bank | ₹10 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Parshvanath Plastic Private Limited
Employment history and EPFO contributions of people linked to Parshvanath Plastic.
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 Parshvanath Plastic Private Limited
Parshvanath Plastic Private Limited has 3 board changes on record since 1988: 2 appointments and 1 cessation. The latest: Indulal Hirachand Vasa ceased to be Director on 28 Feb 2013.
Credit Ratings, Litigation & Regulatory Alerts for Parshvanath Plastic 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 Parshvanath Plastic 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 Parshvanath Plastic 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 Parshvanath Plastic Private Limited
Parshvanath Plastic has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCP1688G1ZF | Gujarat | 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 Parshvanath Plastic 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 Parshvanath Plastic Private Limited
Parshvanath Plastic is an active private limited company based in Veraval, Gujarat, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 07 March 1988 (38+ years old) and is registered under CIN U25209GJ1988PTC010425.
Parshvanath Plastic reported revenue of ₹4.86 Cr for FY 2023 (up 20% YoY).
Parshvanath Plastic has 2 current directors:
- Maniskumar Indulal Vasa - Director
- Devyani Manish Vasa - Director
Parshvanath Plastic reported a net profit of ₹76,000 (net margin 0.2%) and EBITDA of ₹20.35 Lakh (EBITDA margin 4.2%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Parshvanath Plastic is 4% over three years and 9% over five years. In the latest year (FY 2023) revenue rose 20%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Parshvanath Plastic is 24AACCP1688G1ZF, registered in Gujarat.
The CIN (Corporate Identification Number) of Parshvanath Plastic is U25209GJ1988PTC010425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parshvanath Plastic was incorporated on 07 March 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Parshvanath Plastic by revenue are Dhanraj Packaging Private Limited, Shree Dhairiya Lakshmi Polysacks Private Limited, Tupack International Private Limited, R.K. Polytex Private Limited, Klikk Pack Private Limited and 5 more, all in the Packaging industry (Woven Products).
Indulal Hirachand Vasa ceased to be Director on 28 Feb 2013. Devyani Manish Vasa was appointed as Director on 30 Sep 2002. Maniskumar Indulal Vasa was appointed as Director on 07 Mar 1988.
The registered office of Parshvanath Plastic is at Gondal Highway Shapar – Veraval Indl. Area, Gujarat, India – 360002.