About Power Plastech Private Limited
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Power Plastech Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 11 December 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24134KA1997PTC023142. Its GSTIN is 29AAACP8475D1Z6 (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors Ashesh Kumar Mittal and Jagdish Rai Mittal.
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 No.513 4th Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹34.15 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹6.84 Cr (net margin 20%) and EBITDA of ₹9.68 Cr (EBITDA margin 28.3%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 23% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nova Formworks. As per MCA filings, the company has open charges of ₹15.5 Cr and satisfied charges of ₹15.25 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novaformworks.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo.513 4th Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
- 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
- One PDF report, delivered after checkout
Associated Brands with Power Plastech Private Limited
Power Plastech operates one associated brand: Nova Formworks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers reusable plastic and aluminium formwork for construction projects worldwide. | novaformworks.com |
Competitors & Alternatives of Power Plastech Private Limited
Brands and companies operating in the same space as Power Plastech Private Limited include Unidome, Puristaja, Portobellobeauty and 2 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Unidome | Offers innovative lightweight concrete decks to reduce material use in sustainable building. | Eltville, Germany | 2020 |
 Puristaja | Offers PUR foam installation services for heat and sound insulation in buildings and renovations. | Tallinn, Estonia | 2022 |
 Portobellobeauty | Manufactures prefab container homes, modular buildings, and exports shipping containers worldwide. | Italy | 2022 |
 Western Infrabuild Products | Delivers comprehensive gypsum products for wall finishing and home improvement solutions. | Mumbai, India | 2015 |
 Uformwork | Specializes in manufacturing and supplying PVC plastic formwork for concrete construction and building applications. | China | 2023 |
Business Activity of Power Plastech Private Limited
The main business activity of Power Plastech is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper 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.
Auditor Details of Power Plastech Private Limited
Power Plastech Private Limited is audited by SHARMA AND PAGARIA for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHARMA AND PAGARIA | 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 Power Plastech Private Limited
Power Plastech 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 |
|---|---|---|---|---|
| Ashesh Kumar Mittal Also directs: Micro Carbonates Private Limited, Lifestyle Impex Private Limited | Director | 25 Aug 2003 | 23 Years 1 Months | Current |
| Jagdish Rai Mittal Also directs: SJ Truworth LLP, Big Plasts Enterprises LLP, Biz and Brains Enterprises LLP and 3 more | Director | 19 Sep 2018 | 8 Years 0 Months | Current |
Financials of Power Plastech Private Limited FY 2025 filings available
Power Plastech Private Limited reported revenue of ₹34.15 Cr (down 7.00% YoY) for FY 2025.
Growth of Power Plastech Private Limited
| Metric | 1-year growth | 3-year compounded (CAGR) | 5-year compounded (CAGR) |
|---|---|---|---|
| Revenue | ▼ 7% | ▲ 17% | ▲ 23% |
| Net profit | ▼ 21% | ▲ 9% | ▲ 26% |
| EBITDA | ▼ 22% | ▲ 10% | ▲ 25% |
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 23%. 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 Power Plastech Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹9.68 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.84 Cr | •••• | •••• | •••• | •••• |
| 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 Power Plastech Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 20% | •••• | •••• | •••• | •••• |
| 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 Power Plastech 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.
Ownership and Shareholding of Power Plastech 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 Power Plastech Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2025 | Others | ₹15.5 Cr | Open |
| 29 May 2023 | Others | ₹13 Cr | Satisfied |
| 30 Aug 2014 | Ing Vysya Bank Limited | ₹1.05 Cr | Satisfied |
| 30 Nov 2010 | Standard Chartered Bank | ₹1.2 Cr | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Power Plastech Private Limited
Power Plastech Private Limited has a workforce of 17 employees as of Apr 09, 2024.
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.
GST Compliance of Power Plastech Private Limited
Power Plastech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACP8475D1Z6 | Karnataka | 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.
Credit Ratings, Litigation & Regulatory Alerts for Power Plastech 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 Power Plastech 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 Power Plastech 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.
MCA Filings & Documents of Power Plastech 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.
Recent Activity on Power Plastech Private Limited
Frequently Asked Questions about Power Plastech Private Limited
Power Plastech is an active private limited company based in Bangalore, Karnataka, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 11 December 1997 (29+ years old) and is registered under CIN U24134KA1997PTC023142.
Power Plastech reported revenue of ₹34.15 Cr for FY 2025 (down 7.00% YoY).
Power Plastech has 2 current directors:
- Ashesh Kumar Mittal - Director
- Jagdish Rai Mittal - Director
Power Plastech reported a net profit of ₹6.84 Cr (net margin 20%) and EBITDA of ₹9.68 Cr (EBITDA margin 28.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Power Plastech is 17% over three years and 23% over five years. In the latest year (FY 2025) revenue fell 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Power Plastech is 29AAACP8475D1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Power Plastech is U24134KA1997PTC023142. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Power Plastech was incorporated on 11 December 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
Power Plastech can be reached through the website novaformworks.com. Its registered office is in Bangalore, Karnataka, India.