About PGP Glass Limited
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PGP Glass Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Bcp Topco V Pte. Ltd.. It operates in the glass and products segment of the manufacturing sector. It was incorporated on 06 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2020PLC349649. Its GSTIN is 27AALCP5737F1Z4 (Maharashtra). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹1,158.55 Cr. It was formerly known as Pristine Glass Private Limited. It is led by directors including Vijay Kantilal Shah (Managing Director) and Ayshwarya Ravi Vikram.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,278.01 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹384.26 Cr (net margin 9%) and EBITDA of ₹1,430.21 Cr (EBITDA margin 33.4%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years.
The company has about 3,325 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4,897.5 Cr and satisfied charges of ₹205 Cr on record. Court records list 55 cases involving the company, including 13 filed by the company and 42 filed against it; 24 cases are pending. The company has 4 deals on record (2 secondary share transfers, 2 acquisitions); the latest was in June 2024. Its 3 peer companies in the Manufacturing industry (Glass Works, Industrial Packaging), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 2 larger and 1 smaller; the largest is Asahi India Glass Limited with revenue of ₹4,626.47 Cr. The company has 14 MSME Form 1 returns on record between 2021 and 2024, listing 2,470 overdue payments to 374 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 pgpfirst.com.
Company details
Name history
PGP Glass has undergone 2 name changes throughout its history. The company was previously known as Pristine Glass Private Limited, and Pgp Glass Limited. The current legal name is Pgp Glass Limited.
| Company Name | Status |
|---|---|
| PGP Glass Limited | Current |
| Pristine Glass Private Limited | Previous |
CIN history
PGP Glass has one previous CIN (Corporate Identification Number): U74999MH2020PTC349649. The current CIN is U74999MH2020PLC349649, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2020PLC349649 | Current |
| U74999MH2020PTC349649 | Previous |
Contact details
PGP Glass Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered Address1102 11th Floor Tower 2B One World Center, Senapati Bapat Marg Prabhadevi (West), Mumbai, Maharashtra, India – 400013
- IndustryManufacturing, Glass & 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
Business activity
The main business activity of PGP Glass is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of PGP Glass Limited, buy the company report.
Financials of PGP Glass Limited
FY 2025 filings availablePGP Glass Limited reported revenue of ₹4,278.01 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over three years, including 4% growth in the latest year. EBITDA rose 5% 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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| Total Expenses | |||||
| EBITDA | ₹1,430.21 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹384.26 Cr | ||||
| Balance Sheet | |||||
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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 | 33.4% | ||||
| Net Profit Margin | 9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of PGP Glass Limited, buy the company report.
Board of directors of PGP Glass Limited
PGP Glass has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ayshwarya Ravi Vikram Also directs: Aster DM Quality Care Limited, Ask Financial Holdings Private Limited, Simplilearn Solutions Private Limited and 3 more | Director | 21 Jun 2023 | 3 Years 4 Months | Current |
| Mukesh Gulraj Mehta Also directs: Simplilearn Solutions Private Limited, International Gemological Institute Limited, Aadhar Housing Finance Limited and 1 more | Director | 10 Nov 2020 | 5 Years 11 Months | Current |
| Amit Dalmia Also directs: Mphasis Limited, R Systems International Limited | Director | 27 Jul 2021 | 5 Years 3 Months | Current |
| Vijay Kantilal Shah Also directs: Viasnero Advisors LLP, Chitravanah Private Limited, Vijasmi Consultancy Private Limited and 1 more | Managing Director | 30 Mar 2021 | 5 Years 7 Months | Current |
Peer comparison
PGP Glass Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Glass Works, Industrial Packaging), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asahi India Glass Limited | ₹4,626.47 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| 3M India Limited | ₹4,515.82 Cr (FY 2025) | 6.0% | Bangalore, Karnataka, India | |||
| PGP Glass Limitedthis company | ₹4,278.01 Cr (FY 2025) | ₹384.26 Cr | 9% | 4.0% | Mumbai, Maharashtra, India | |
| Agi Greenpac Limited | ₹2,603.61 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India |
To see the full peer comparison of PGP Glass Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2022 | 100562910 | Others | ₹150 Cr | Open | |
| 10 Nov 2021 | 100501124 | Others | ₹900 Cr | Open | |
| 24 Mar 2021 | 100438798 | Others | ₹262.5 Cr | Open | |
| 23 Mar 2021 | 100437279 | Others | ₹240 Cr | Open | |
| 23 Mar 2021 | 100437282 | Others | ₹150 Cr | Open |
To see the full charge records of PGP Glass Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
PGP Glass Limited has 4 deals on record (2 secondary share transfers, 2 acquisitions); the latest was in June 2024.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Secondary share transfer | Undisclosed | Seller: Blackstone Advisors India |
| Mar 2021 | Acquisition | ₹4,050 Cr | Buyer: Blackstone Advisors India |
| Jan 2021 | Acquisition | ₹15 Cr | Buyer: Blackstone Advisors India |
| Nov 2020 | Secondary share transfer | Undisclosed | Buyer: Blackstone Advisors India, Singapore Vii Fpi Pte Limited Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
PGP Glass Limited has 55 court cases on record: 13 filed by PGP Glass, 42 filed against it. 24 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 27 | 12 |
| High courts | 19 | 15 | 12 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 55)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Tecspec Projects Private Limited | Pending |
| High Court of Gujarat | Special civil application | Filed against the company by Piramal Glass Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Tecspec Projects Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Tecspec Projects Private Limited | Disposed |
| High Court, GUJARAT | Court case (IAAP) | Filed by the company against Bhadreshwar Vidyut Private Ltd | Disposed |
To see the full case history of PGP Glass 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
PGP Glass Limited was last rated by Care on 31 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 31 Dec 2021 |
To see the full credit ratings and regulatory alerts of PGP Glass Limited, buy the company report.
MSME payment delays
PGP Glass Limited has 14 MSME Form 1 returns on record between 2021 and 2024, listing 2,470 overdue payments to 374 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 374)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Amcet Sanli Engineering Co | |||
| an individual supplier | |||
| Akvo Atmospheric Water Systems Private Limited | |||
| an individual supplier | |||
| Transline Conveyors Private Limited |
To see the full MSME payment records of PGP Glass Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
PGP Glass has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCP5737F1Z4 | Maharashtra | Active | 25 Feb 2021 |
| 24AALCP5737F1ZA | Gujarat | Active | 01 Feb 2021 |
| 02AALCP5737F1ZG | Himachal Pradesh | Active | 01 Mar 2021 |
| 19AALCP5737F1Z1 | West Bengal | Active | 04 Mar 2021 |
To see the full GST registrations and return filing status of PGP Glass Limited, buy the company report.
Recent activity
PGP Glass Limited has 15 board changes on record since 2020: 4 appointments and 11 cessations. The latest: Nirali Shah ceased to be Company Secretary on 28 Sep 2023.
21 earlier events are in the company report.
News
Frequently asked questions
PGP Glass is an active public limited company based in Mumbai, Maharashtra, India. The company works in glass and products, within the manufacturing industry. It was incorporated on 06 November 2020 (6+ years old) and is registered under CIN U74999MH2020PLC349649.
PGP Glass has 4 current directors:
- Vijay Kantilal Shah - Managing Director
- Ayshwarya Ravi Vikram - Director
- Mukesh Gulraj Mehta - Director
- Amit Dalmia - Director
The latest financial statements of PGP Glass on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of PGP Glass is 27AALCP5737F1Z4, registered in Maharashtra. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 24AALCP5737F1ZA (Gujarat), 02AALCP5737F1ZG (Himachal Pradesh), 19AALCP5737F1Z1 (West Bengal).
The CIN (Corporate Identification Number) of PGP Glass is U74999MH2020PLC349649. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
PGP Glass has 55 court cases on record: 13 filed by the company and 42 filed against it. 24 are pending. Most are in the district courts.
PGP Glass was incorporated on 06 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
PGP Glass has 4 deals on record (2 secondary share transfers, 2 acquisitions); the latest was in June 2024.
The peers of PGP Glass by revenue are Asahi India Glass Limited, 3M India Limited, Agi Greenpac Limited, all in the Manufacturing industry (Glass Works, Industrial Packaging), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Nirali Shah ceased to be Company Secretary on 28 Sep 2023. Ayshwarya Ravi Vikram ceased to be Additional Director on 21 Sep 2023. Ayshwarya Ravi Vikram was appointed as Director on 21 Jun 2023. PGP Glass has 15 board changes on record in total.
PGP Glass has 14 MSME Form 1 returns on record between 2021 and 2024, listing 2,470 overdue payments to 374 micro and small suppliers. The latest return was filed on 29 Apr 2024.
PGP Glass can be reached through the website pgpfirst.com. Its registered office is in Mumbai, Maharashtra, India.
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