About Plastene India Limited
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Plastene India Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 16 October 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209GJ1998PLC034861. Its GSTIN is 24AAACO3087C1ZT (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹36.1 Cr and a paid-up capital of ₹28.2 Cr. It was formerly known as Oswal Agloimpex Private Limited and Oswal Agloimpex Limited. It is led by directors including Prakash Hiralal Parekh (Managing Director) and Velani Rajan Kantilal.
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 H.B.Jirawala House 13 Nav Bharat Society Opp.Punchsheel Bus Stand Usmanpura, Ahmedabad, Gujarat, India – 380013.
As per the financials filed for FY 2025, the company reported a revenue of ₹606.47 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹2.99 Cr (net margin 0.5%) and EBITDA of ₹38.5 Cr (EBITDA margin 6.3%). Revenue has grown at a compounded annual rate (CAGR) of 4% over five years.
The company has about 670 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Plastene India. As per MCA filings, the company has open charges of ₹759.71 Cr and satisfied charges of ₹424.13 Cr on record. Court records list 64 cases involving the company, including 55 filed by the company and 9 filed against it; 18 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website champalalgroup.com.
Company details
Name history
Plastene India has undergone 2 name changes throughout its history. The company was previously known as Oswal Agloimpex Private Limited, and Oswal Agloimpex Limited. The current legal name is Plastene India Limited.
| Company Name | Status |
|---|---|
| Plastene India Limited | Current |
| Oswal Agloimpex Private Limited | Previous |
| Oswal Agloimpex Limited | Previous |
CIN history
Plastene India has one previous CIN (Corporate Identification Number): U25209GJ1998PTC034861. The current CIN is U25209GJ1998PLC034861, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209GJ1998PLC034861 | Current |
| U25209GJ1998PTC034861 | Previous |
Contact details
Plastene India Limited's registered office is in Ahmedabad, Gujarat. Its website is champalalgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressH.B.Jirawala House 13 Nav Bharat Society Opp.Punchsheel Bus Stand Usmanpura, Ahmedabad, Gujarat, India – 380013
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Plastene India 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
Brands
Plastene India operates one associated brand: Plastene India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| FIBC, tarpaulin, and woven sacks are manufactured and supplied globally. | champalalgroup.com |
Business activity
The main business activities of Plastene India are manufacturing and trade. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and wholesale trading. 2 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Plastene India Limited, buy the company report.
Financials of Plastene India Limited
FY 2025 filings availablePlastene India Limited reported revenue of ₹606.47 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 14% growth in the latest year. EBITDA fell 21% 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 | ₹38.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.99 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 | 6.3% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Plastene India Limited, buy the company report.
Board of directors and KMP of Plastene India Limited
Plastene India Limited currently reports 6 directors and 1 key managerial person. 29 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Velani Rajan Kantilal Also directs: Plastene Infrastructure Limited, Elite Inks Private Limited | Director | 22 May 2018 | 8 Years 5 Months | Current |
| Prakash Hiralal Parekh | Managing Director | 23 Dec 2005 | 20 Years 10 Months | Current |
| Nidhi Abhishek Parekh | Director | 06 Jan 2020 | 6 Years 9 Months | Current |
| Meenu Maheshwari Also directs: HCP Plastene Bulkpack Limited, Plastene Polyfilms Limited, Palco Metals Limited and 2 more | Director | 10 Oct 2022 | 4 Years 0 Months | Current |
| Rishabh Kumar Jain | Company Secretary | 01 May 2025 | 1 Years 5 Months | Current |
| Dilendra Vir Singh Also directs: Oswal Commodities Private Limited | Director | 08 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Plastene India Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Kanpur Plastipack Limited | ₹643.12 Cr (FY 2025) | 26.0% | Dada Nagar, Uttar Pradesh, India | |||
| Vignesh Polymers India Private Limited | ₹631.67 Cr (FY 2025) | 4.0% | Sriperambudur, Tamil Nadu, India | |||
| Sintex-Bapl Limited | ₹607.23 Cr (FY 2025) | -6.0% | Ahemedabad, Gujarat, India | |||
| Plastene India Limitedthis company | ₹606.47 Cr (FY 2025) | ₹2.99 Cr | 0.5% | 14.0% | 670 | Ahmedabad, Gujarat, India |
| Shri Dakshineshwari Maa Polyfabs Limited | ₹596.76 Cr (FY 2025) | 20.0% | Kolkata, West Bengal, India | |||
| Pashupati Polytex Private Limited | ₹590.78 Cr (FY 2025) | 21.0% | Gorakhpur, Uttar Pradesh, India | |||
| Sunplast Electronics Private Limited | ₹588.47 Cr (FY 2025) | 22.0% | Delhi, India |
To see the full peer comparison of Plastene India Limited, buy the company report.
Auditor
Plastene India Limited is audited by Patel Jain & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Patel Jain & Associates | FY 2023 | 129797W |
Shareholding
The shareholding of Plastene India Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Plastene India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Dec 2024 | 101023228 | Others | ₹92.82 Cr | Open | |
| 21 Oct 2024 | 101006109 | The South Indian Bank Limited | ₹20.53 Lakh | Open | |
| 24 Mar 2023 | 100692646 | Sidbi | ₹7.5 Cr | Open | |
| 24 Feb 2023 | 100681393 | Hdfc Bank Limited | ₹24.21 Lakh | Open | |
| 29 Aug 2022 | 100609545 | Others | ₹8.09 Cr | Open |
To see the full charge records of Plastene India Limited, buy the company report.
Total charge records: 37 View all charges
Legal cases
Plastene India Limited has 64 court cases on record: 55 filed by Plastene India, 9 filed against it. 18 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 50 | 6 | 13 |
| High courts | 11 | 2 | 3 |
| NCLT | 2 | 0 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 64)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2406-Indirect Taxation : Goods and Services Tax, Integrated Goods and Services Tax, State Goods and Services Tax, UT Goods and Services Tax.) | Filed against the company by Union of India and 161 others | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against M/S Jillmill Non Woven Pvt Ltd and 1 other | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Vikash Jain RP of Gopala Polyplast Ltd. & Ors and 4 others | Pending |
| High Court, GUJARAT | Court case (IAAP) | Filed by the company against Royal Sundaram General Insurance Co. Ltd. | Disposed |
| District court, kachchh at Bhuj, Gujarat | Court case (SPCS) | Filed by the company against Amira Pure Foods Pvt Ltd | Disposed |
To see the full case history of Plastene India 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
Plastene India Limited was last rated by Indiarating on 05 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 05 Nov 2020 |
To see the full credit ratings and regulatory alerts of Plastene India Limited, buy the company report.
MSME payment delays
Plastene India Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 601 overdue payments to 126 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 126)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Tashkent Oil Co Pvt Ltd | |||
| an individual supplier | |||
| an individual supplier | |||
| Guru Marketing | |||
| Mehjal Adhesive Tapes Private Limited |
To see the full MSME payment records of Plastene India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Plastene India Limited has a workforce of 670 employees on its EPFO records as of Mar 21, 2024, across 3 active EPFO establishments.
GST
Plastene India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACO3087C1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Plastene India Limited, buy the company report.
Recent activity
Plastene India Limited has 30 board changes on record since 2005: 7 appointments and 23 cessations. The latest: Rishabh Kumar Jain was appointed as Company Secretary on 01 May 2025.
88 earlier events are in the company report.
Frequently asked questions
Plastene India is an active public limited company based in Ahmedabad, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 16 October 1998 (28+ years old) and is registered under CIN U25209GJ1998PLC034861.
Plastene India has 7 current directors and KMP:
- Prakash Hiralal Parekh - Managing Director
- Velani Rajan Kantilal - Director
- Nidhi Abhishek Parekh - Director
- Meenu Maheshwari - Director
- Dilendra Vir Singh - Director
- Rajesh M K Nair - Director
- Rishabh Kumar Jain - Company Secretary
The latest financial statements of Plastene India 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 Plastene India is 24AAACO3087C1ZT, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Plastene India is U25209GJ1998PLC034861. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Plastene India has 64 court cases on record: 55 filed by the company and 9 filed against it. 18 are pending. Most are in the district courts.
Plastene India was incorporated on 16 October 1998, making it 28+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Plastene India by revenue are Kanpur Plastipack Limited, Vignesh Polymers India Private Limited, Sintex-Bapl Limited, Shri Dakshineshwari Maa Polyfabs Limited, Pashupati Polytex Private Limited and 1 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).
Rishabh Kumar Jain was appointed as Company Secretary on 01 May 2025. Dilendra Vir Singh ceased to be Additional Director on 29 Sep 2024. Dilendra Vir Singh was appointed as Director on 08 Aug 2024. Plastene India has 30 board changes on record in total.
Plastene India has 10 MSME Form 1 returns on record between 2019 and 2023, listing 601 overdue payments to 126 micro and small suppliers. The latest return was filed on 27 Aug 2023.
Plastene India can be reached through the website champalalgroup.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Plastene India is at H.B.Jirawala House 13 Nav Bharat Society Opp.Punchsheel Bus Stand Usmanpura, Ahmedabad, Gujarat, India – 380013.
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