MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MP-23-0008574
Plastisack India Private Limited - packaging in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2019
₹7.4 Cr
▼ 10% YoY
Net loss · FY 2019
₹7.45 Lakh
Net margin -1%
EBITDA · FY 2019
₹13.65 Lakh
EBITDA margin 1.8%
Authorised capital
₹24 Lakh
Registered with MCA
Paid-up capital
₹12.08 Lakh
Issued & subscribed
Open charges
₹1.75 Cr
Satisfied ₹3 Cr
Company age
16 yrs
Est. 2010
Directors on board
2
As per MCA filings
About Plastisack India Private Limited
Data last updated:
Plastisack India Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 10 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U24134MP2010PTC023057. Its GSTIN is 23AAFCP3194E1ZL (Madhya Pradesh).
The company has an authorised share capital of ₹24 Lakh and a paid-up capital of ₹12.08 Lakh. It is led by directors Manish Maheshwari and Rani Maheshwari.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 17A Udyog Nagar Nemawar Road, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2019, the company reported a revenue of ₹7.4 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹7.45 Lakh (net margin -1%) and EBITDA of ₹13.65 Lakh (EBITDA margin 1.8%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years.
As per MCA filings, the company has open charges of ₹1.75 Cr and satisfied charges of ₹3 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 3 cases are pending.
Plastisack India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0008574). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website plastisack.com.
Company Details of Plastisack India Private Limited
CIN U24134MP2010PTC023057
Registration Number 023057
Incorporation Date 10 February 2010
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MP-23-0008574
Recognitions & Rankings of Plastisack India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address17A Udyog Nagar Nemawar Road, Indore, Madhya Pradesh, India – 452001
- IndustryPackaging, Woven Packaging Products
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Business Activity of Plastisack India Private Limited
The main business activity of Plastisack India 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Plastisack India Private Limited FY 2019 filings available
Plastisack India Private Limited reported revenue of ₹7.4 Cr (down 10% YoY) for FY 2019.
Revenue · FY 2019
₹7.4 Cr ▼ 10%
Net loss · FY 2019
₹7.45 Lakh margin -1%
EBITDA · FY 2019
₹13.65 Lakh margin 1.8%
Compounded Annual Growth Rate (CAGR) of Plastisack India Private Limited
Revenue CAGR growth
1 year
▼ 10%
3 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▼ 79%
3 years · compounded
▼ 40%
Revenue has declined at a compounded annual rate (CAGR) of 1% over three years, including a 10% fall in the latest year. EBITDA fell 79% 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 Plastisack India Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹7.4 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹13.65 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹7.45 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 of Plastisack India Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -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 | •••• | •••• | •••• | •••• | •••• |
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 Plastisack India are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Plastisack India Private Limited
Plastisack India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Maheshwari | Director | 10 Feb 2010 | 16 Years 8 Months | Current |
| Rani Maheshwari | Director | 17 Jul 2010 | 16 Years 3 Months | Current |
Peer Comparison of Plastisack India Private Limited
Plastisack India 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 |
|---|---|---|---|---|---|---|
| Tirupathi Nonwoven Private Limited | ₹7.77 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Hinganghat, Maharashtra, India |
| Niva Green Industries India Private Limited | ₹7.69 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Rajkot, Gujarat, India |
| Shiv International Limited | ₹7.68 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Lakade Polyfabs Industries Private Limited | ₹7.66 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Vita, Maharashtra, India |
| Divit Global Udyog Private Limited | ₹7.63 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Hyderabad, Telangana, India |
| Plastisack India Private Limited this company | ₹7.4 Cr (FY 2019) | •••• | •••• | -10.0% | •••• | Indore, Madhya Pradesh, India |
| Hy-Mac Packaging Private Limited | ₹7 Cr (FY 2024) | •••• | •••• | 24.0% | •••• | Vadodara, Gujarat, India |
| LT Syntex Private Limited | ₹6.92 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Hyderabad, Telangana, India |
| Indralok Fabrics Pvt Ltd | ₹6.81 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Ahmedabad, Gujarat, India |
| Ninesteps (India) Private Limited | ₹6.74 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Bahadurgarh, Haryana, India |
| Raj Packwell Limited | ₹6.7 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Indore, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Plastisack India 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 Plastisack India Private Limited
Plastisack India Private Limited is audited by T MITTAL & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| T MITTAL & ASSOCIATES | Locked | Locked | Locked |
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Ownership and Shareholding of Plastisack India Private Limited
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Charges & Borrowings of Plastisack India Private Limited
Open charges
₹1.75 Cr
Satisfied charges
₹3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Apr 2014 | Sbi Global Factors Limited | ₹1.75 Cr | Open |
| 29 Sep 2011 | State Bank of Patiala | ₹2 Cr | Satisfied |
| 25 Oct 2010 | Bank of Baroda | ₹1 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Plastisack India Private Limited
Plastisack India Private Limited has 4 court cases on record: 4 filed against it. 3 cases are pending and 1 is disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Total cases
4
Filed against the company
4
Pending
3
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 3 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Limited | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Shree Radha Sarveshwar Laminates Private Limited | Disposed |
| District court, Indore, Madhya Pradesh | Court case (SC NIA) | Filed against the company by an individual | Pending |
| District court, Indore, Madhya Pradesh | Court case (SC NIA) | Filed against the company by an individual | Pending |
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Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Plastisack India Private Limited
Employment history and EPFO contributions of people linked to Plastisack India.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Plastisack India Private Limited
Plastisack India Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Amit Maheshwari ceased to be Director on 19 Jul 2010.
AGM
Plastisack India Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Filing
Plastisack India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Gwalior.
Charges
A charge registered on 29 Sep 2011 via Charge ID 10317190 with State Bank Of Patiala was fully satisfied on 14 Aug 2018.
Charges
A charge with Sbi Global Factors Limited of Rs. 175.00 Lakh registered on 10 Apr 2014 with Charge ID 10489917 was modified on 15 Feb 2016.
Charges
A charge with Sbi Global Factors Limited amounted to Rs. 175.00 Lakh with Charge ID 10489917 was registered on 10 Apr 2014.
Charges
A charge registered on 25 Oct 2010 via Charge ID 10249601 with Bank Of Baroda was fully satisfied on 06 Mar 2014.
Charges
A charge with State Bank Of Patiala of Rs. 200.00 Lakh registered on 29 Sep 2011 with Charge ID 10317190 was modified on 02 Feb 2013.
Charges
A charge with State Bank Of Patiala amounted to Rs. 200.00 Lakh with Charge ID 10317190 was registered on 29 Sep 2011.
Charges
A charge with Bank Of Baroda amounted to Rs. 100.00 Lakh with Charge ID 10249601 was registered on 25 Oct 2010.
Ceased
Amit Maheshwari ceased to be Director.
Appointed
Rani Maheshwari was appointed as Director.
Appointed
Manish Maheshwari was appointed as Director.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Plastisack India Private Limited
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MSME Payment Delays by Plastisack India Private Limited
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Subsidiaries & Group Companies of Plastisack India Private Limited
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GST Compliance of Plastisack India Private Limited
Plastisack India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAFCP3194E1ZL | Madhya Pradesh | Active | 01 Jul 2017 |
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MCA Filings & Documents of Plastisack India Private Limited
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Frequently Asked Questions about Plastisack India Private Limited
Plastisack India is an active private limited company based in Indore, Madhya Pradesh, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 10 February 2010 (16+ years old) and is registered under CIN U24134MP2010PTC023057.
Plastisack India reported revenue of ₹7.4 Cr for FY 2019 (down 10% YoY).
Plastisack India has 2 current directors:
- Manish Maheshwari - Director
- Rani Maheshwari - Director
Plastisack India reported a net loss of ₹7.45 Lakh (net margin -1%) and EBITDA of ₹13.65 Lakh (EBITDA margin 1.8%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Plastisack India is -1% over three years. In the latest year (FY 2019) revenue fell 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Plastisack India is 23AAFCP3194E1ZL, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Plastisack India is U24134MP2010PTC023057. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Plastisack India has 4 court cases on record: 4 filed against it. 3 are pending.
Plastisack India was incorporated on 10 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Plastisack India by revenue are Tirupathi Nonwoven Private Limited, Niva Green Industries India Private Limited, Shiv International Limited, Lakade Polyfabs Industries Private Limited, Divit Global Udyog Private Limited and 5 more, all in the Packaging industry (Woven Products).
Amit Maheshwari ceased to be Director on 19 Jul 2010. Rani Maheshwari was appointed as Director on 17 Jul 2010. Manish Maheshwari was appointed as Director on 10 Feb 2010.