Planetfirst Recycling Private Limited

Planetfirst Recycling Private Limited - environment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U37200MH2020FTC345878 Incorporated 11 September 2020 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Foreign Private Limited Company environment MSME · Micro
Revenue · FY 2024
₹1.76 Cr
▲ 298% YoY
Net profit · FY 2024
₹1.86 Lakh
Net margin 1.1%
EBITDA · FY 2024
₹6.4 Lakh
EBITDA margin 3.6%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.41 Cr
Issued & subscribed
Open charges
₹9.95 Cr
Satisfied ₹9.95 Cr
Company age
6 yrs
Est. 2020
Employees · EPFO
3
Provident fund records

About Planetfirst Recycling Private Limited

Data last updated:

Planetfirst Recycling Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Gdb International Inc. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 11 September 2020 and has been in existence for over 6 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U37200MH2020FTC345878. Its GSTIN is 27AALCP4152C1ZJ (Maharashtra). The company holds 3 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.41 Cr. It is led by directors including Sunil Bagaria and Sanjeev Bagaria.

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 Mumbai, Maharashtra.

As per the financials filed for FY 2024, the company reported a revenue of ₹1.76 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.86 Lakh (net margin 1.1%) and EBITDA of ₹6.4 Lakh (EBITDA margin 3.6%).

The company has about 3 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹9.95 Cr and satisfied charges of ₹9.95 Cr on record.

Planetfirst Recycling Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0161912). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website planetfirst.in.

Company details

CIN U37200MH2020FTC345878
Registration Number 345878
Incorporation Date 11 September 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Gdb International Inc
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0161912
Key People
Sunil Bagaria Director Sanjeev Bagaria Director Ashish Kumar Bagaria Director

Recognitions & Rankings of Planetfirst Recycling

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-MH-18-0161912

Contact details

Planetfirst Recycling Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Unit 1119 The Summit Business Bay Rakesh Wadi, Opposite Pvr Cinema Chakala M.V. Road Andheri East, Mumbai, Maharashtra, India – 400093
  • Industry
    Environment, Waste Management & Recycling Solutions

To see the full contact details of Planetfirst Recycling Private Limited, buy the company report.

Comprehensive company report
Planetfirst Recycling Private Limited - one report that includes everything
  • 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

The main business activity of Planetfirst Recycling is professional, scientific and technical. In detail, this covers management consultancy activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
MProfessional, Scientific and TechnicalM3Management consultancy activities

To see the full business activity and turnover split of Planetfirst Recycling Private Limited, buy the company report.

Financials of Planetfirst Recycling Private Limited

FY 2025 filings available

Planetfirst Recycling Private Limited reported revenue of ₹1.76 Cr (up 298% YoY) for FY 2024.

Revenue · FY 2024
₹1.76 Cr ▲ 298%
Net profit · FY 2024
₹1.86 Lakh margin 1.1%
EBITDA · FY 2024
₹6.4 Lakh margin 3.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 298%
EBITDA CAGR growth
1 year
▲ 108%
3 years · compounded
▲ 44%

Revenue rose 298% in the latest year. EBITDA rose 108% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹6.4 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.86 Lakh
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin3.6%
Net Profit Margin1.1%
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

To see the full financial statements and ratios of Planetfirst Recycling Private Limited, buy the company report.

Board of directors of Planetfirst Recycling Private Limited

Planetfirst Recycling has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sunil BagariaDirector11 Sep 20206 Years 2 MonthsCurrent
Sanjeev BagariaDirector11 Sep 20206 Years 2 MonthsCurrent
Ashish Kumar Bagaria
Also directs: Balaji Roofings Private Limited
Director11 Sep 20206 Years 2 MonthsCurrent
Raj BagariaDirector06 Nov 20233 Years 0 MonthsCurrent
View all directors

Auditor

Planetfirst Recycling Private Limited is audited by NGS & Co. LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
NGS & Co. LLPFY 2023119850W

Shareholding

The shareholding of Planetfirst Recycling Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Planetfirst Recycling Private Limited, buy the company report.

Charges & borrowings

Open charges
₹9.95 Cr
Satisfied charges
₹9.95 Cr
Breakdown by lending institutions
Axis Bank Limited₹9.95 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
22 Jul 2024100955622Axis Bank Limited₹9.95 CrSatisfied

To see the full charge records of Planetfirst Recycling Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Planetfirst Recycling Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Planetfirst Recycling Private Limited has a workforce of 3 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
3
Active EPFO establishments
1

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-273
FY 2025-26

To see the full employee and EPFO history of Planetfirst Recycling Private Limited, buy the company report.

GST

Planetfirst Recycling has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
27AALCP4152C1ZJMaharashtraActive17 Mar 2021

To see the full GST registrations and return filing status of Planetfirst Recycling Private Limited, buy the company report.

Recent activity

Planetfirst Recycling Private Limited has 6 board changes on record since 2020: 5 appointments and 1 cessation. The latest: Raj Bagaria was appointed as Director on 06 Nov 2023.

AGM
Planetfirst Recycling Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 22 Jul 2024 via Charge ID 100955622 with Axis Bank Limited was fully satisfied on 14 May 2025.
Filing
Planetfirst Recycling Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Axis Bank Limited amounted to Rs. 9.95 Cr with Charge ID 100955622 was registered on 22 Jul 2024.
Appointed
Raj Bagaria was appointed as Director.
Ceased
Hursh S Gupta ceased to be Director.
Appointed
Hursh S Gupta was appointed as Director.
Appointed
Ashish Kumar Bagaria was appointed as Director.
Appointed
Sanjeev Bagaria was appointed as Director.
Appointed
Sunil Bagaria was appointed as Director.
Incorporation
11 Sep 2020
Planetfirst Recycling Private Limited was registered on 11 Sep 2020 with Roc Mumbai & aged 6 years 2 months as per MCA records.

Frequently asked questions

Planetfirst Recycling is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 11 September 2020 (6+ years old) and is registered under CIN U37200MH2020FTC345878.

Planetfirst Recycling has 4 current directors:

The latest financial statements of Planetfirst Recycling 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 FY 2021 are in the company report.

The GSTIN of Planetfirst Recycling is 27AALCP4152C1ZJ, registered in Maharashtra. 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 Planetfirst Recycling is U37200MH2020FTC345878. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Planetfirst Recycling was incorporated on 11 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.

Raj Bagaria was appointed as Director on 06 Nov 2023. Hursh S Gupta ceased to be Director on 27 Sep 2023. Hursh S Gupta was appointed as Director on 04 Aug 2022. Planetfirst Recycling has 6 board changes on record in total.

Yes, Planetfirst Recycling is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0161912).

Planetfirst Recycling can be reached through the website planetfirst.in. Its registered office is in Mumbai, Maharashtra, India.

The registered office of Planetfirst Recycling is at Unit 1119 The Summit Business Bay Rakesh Wadi, Opposite Pvr Cinema Chakala M.V. Road Andheri East, Mumbai, Maharashtra, India – 400093.