MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0013388
Primex Plastics Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹82.07 Cr
▲ 1% YoY
Net profit · FY 2024
₹78.63 Lakh
Net margin 1%
EBITDA · FY 2024
₹6.52 Cr
EBITDA margin 7.9%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹19.1 Lakh
Issued & subscribed
Open charges
₹38.49 Cr
Satisfied ₹23.74 Cr
Company age
36 yrs
Est. 1990
Employees · EPFO
126
Provident fund records
About Primex Plastics Private Limited
Data last updated:
Primex Plastics Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 07 December 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U25206KA1990PTC011461. Its GSTIN is 29AAECP1276G1ZB (Karnataka).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹19.1 Lakh. It is led by directors including Meghana Mahesh and Gubbi Rajashekarappa Mahesh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹82.07 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹78.63 Lakh (net margin 1%) and EBITDA of ₹6.52 Cr (EBITDA margin 7.9%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 11% over five years.
The company has about 126 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹38.49 Cr and satisfied charges of ₹23.74 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending. The company has 3 deals on record (3 secondary share transfers); the latest was in April 2021. Its 4 peer companies in the Automobiles industry (Auto Ancillary, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 2 smaller; the largest is Upright Technoplast Private Limited with revenue of ₹82.22 Cr.
Primex Plastics Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0013388). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website primexplast.com.
Company details
CIN U25206KA1990PTC011461
Registration Number 011461
Incorporation Date 07 December 1990
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0013388
Recognitions & Rankings of Primex Plastics
Contact details
Primex Plastics Private Limited's registered office is in Bangalore, Karnataka. Its website is primexplast.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No.48/1 1st Cross 8th Main Slv Industrial Estate Karivobanahalli, Peenya 2nd, Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Primex Plastics Private Limited, buy the company report.
Comprehensive company report
Primex Plastics 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 Primex Plastics is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| 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 |
To see the full business activity and turnover split of Primex Plastics Private Limited, buy the company report.
Financials of Primex Plastics Private Limited
FY 2024 filings availablePrimex Plastics Private Limited reported revenue of ₹82.07 Cr (up 1% YoY) for FY 2024.
Revenue · FY 2024
₹82.07 Cr ▲ 1%
Net profit · FY 2024
₹78.63 Lakh margin 1%
EBITDA · FY 2024
₹6.52 Cr margin 7.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 19%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 30%
5 years · compounded
▲ 18%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 1% growth in the latest year. EBITDA rose 34% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹82.07 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹78.63 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Primex Plastics Private Limited, buy the company report.
Board of directors of Primex Plastics Private Limited
Primex Plastics has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meghana Mahesh | Director | 13 Dec 2017 | 8 Years 10 Months | Current |
| Gubbi Rajashekarappa Mahesh Also directs: Macho Engineering Systems Private Limited | Director | 13 Dec 2017 | 8 Years 10 Months | Current |
| Tontesh Manvi | Director | 13 Dec 2017 | 8 Years 10 Months | Current |
| Karthik Manvi Tontesh Also directs: Auto Ind Forgings(India) Private Limited | Director | 13 Dec 2017 | 8 Years 10 Months | Current |
Peer comparison
Primex Plastics Private Limited is compared with the 4 companies closest to it by revenue in the Automobiles industry (Auto Ancillary, 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 |
|---|---|---|---|---|---|---|
| Upright Technoplast Private Limited | ₹82.22 Cr (FY 2025) | 84.0% | Kacheepuram, Tamil Nadu, India | |||
| Aadinath Polyfab Private Limited | ₹82.13 Cr (FY 2019) | 0.0% | Murbad, Maharashtra, India | |||
| Primex Plastics Private Limitedthis company | ₹82.07 Cr (FY 2024) | ₹78.63 Lakh | 1% | 1.0% | 126 | Bangalore, Karnataka, India |
| Alpha Toyo Limited | ₹81.85 Cr (FY 2024) | 7.0% | New Delhi, Delhi, India | |||
| Jeongin Enterprise Private Limited | ₹81.83 Cr (FY 2024) | -8.0% | Sriperumbudur, Tamil Nadu, India |
To see the full peer comparison of Primex Plastics Private Limited, buy the company report.
Auditor
Primex Plastics Private Limited is audited by Sumanth M S And Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sumanth M S And Associates | FY 2024 | 021078S |
Shareholding
The shareholding of Primex Plastics Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Primex Plastics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹38.49 Cr
Satisfied charges
₹23.74 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 May 2025 | 101097666 | Others | ₹46.02 Lakh | Open | |
| 03 Feb 2025 | 101078560 | Others | ₹1.8 Cr | Open | |
| 23 Sep 2024 | 100976744 | Others | ₹41.3 Lakh | Open | |
| 05 Aug 2024 | 100966008 | Others | ₹37.17 Lakh | Open | |
| 01 Aug 2024 | 100976093 | Others | ₹52 Lakh | Open |
To see the full charge records of Primex Plastics Private Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Primex Plastics Private Limited has 3 deals on record (3 secondary share transfers); the latest was in April 2021.
Total deals
3
Secondary share transfers
3
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Primex Plastics Private Limited has 5 court cases on record: 3 filed by Primex Plastics, 2 filed against it. 1 case is pending and 4 are disposed.
Total cases
5
Filed by the company
3
Filed against the company
2
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jamnagar, Gujarat | Court case (SMST R) | Filed against the company by Devi Turnomatics Pvt. Ltd | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against an individual | Pending |
| High Court | Appeal | Filed by the company against All India Trade Union Congress and 2 others | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Primexpresscomp Pvt Ltd | Disposed |
To see the full case history of Primex Plastics Private 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
Primex Plastics Private Limited was last rated by Crisil on 10 Aug 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 10 Aug 2019 |
To see the full credit ratings and regulatory alerts of Primex Plastics Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Primex Plastics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Primex Plastics Private Limited has a workforce of 126 employees on its EPFO records as of Oct 07, 2025, across 1 active EPFO establishment.
Employee count
126
Active EPFO establishments
1
Employee growth
-4.55%
GST
Primex Plastics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECP1276G1ZB | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Primex Plastics Private Limited, buy the company report.
Recent activity
Primex Plastics Private Limited has 12 board changes on record since 2000: 8 appointments and 4 cessations. The latest: Kamal Neel ceased to be Whole-Time Director on 20 Apr 2021.
Charges
A charge with Others amounted to Rs. 46.02 Lakh with Charge ID 101097666 was registered on 23 May 2025.
Charges
A charge with Others amounted to Rs. 180.00 Lakh with Charge ID 101078560 was registered on 03 Feb 2025.
Charges
A charge with Others of Rs. 3,242.33 Lakh registered on 11 May 2018 with Charge ID 100181084 was modified on 21 Jan 2025.
AGM
Primex Plastics Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 41.30 Lakh with Charge ID 100976744 was registered on 23 Sep 2024.
Charges
A charge with Others amounted to Rs. 37.17 Lakh with Charge ID 100966008 was registered on 05 Aug 2024.
Charges
A charge with Others amounted to Rs. 52.00 Lakh with Charge ID 100976093 was registered on 01 Aug 2024.
Charges
A charge with Others amounted to Rs. 151.39 Lakh with Charge ID 100952232 was registered on 27 Jul 2024.
Filing
Primex Plastics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 17.54 Lakh with Charge ID 100855745 was registered on 06 Jan 2024.
Charges
A charge with Others amounted to Rs. 21.82 Lakh with Charge ID 100697431 was registered on 09 Feb 2023.
Charges
A charge registered on 27 Apr 2017 via Charge ID 100097926 with Others was fully satisfied on 01 Dec 2022.
47 earlier events are in the company report.
Frequently asked questions
Primex Plastics is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 07 December 1990 (36+ years old) and is registered under CIN U25206KA1990PTC011461.
Primex Plastics has 4 current directors:
- Meghana Mahesh - Director
- Gubbi Rajashekarappa Mahesh - Director
- Tontesh Manvi - Director
- Karthik Manvi Tontesh - Director
The latest financial statements of Primex Plastics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Primex Plastics is 29AAECP1276G1ZB, registered in Karnataka.
The CIN (Corporate Identification Number) of Primex Plastics is U25206KA1990PTC011461. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Primex Plastics has 5 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Primex Plastics was incorporated on 07 December 1990, making it 36+ years old. It is registered with the Registrar of Companies, Bangalore.
Primex Plastics has 3 deals on record (3 secondary share transfers); the latest was in April 2021.
The peers of Primex Plastics by revenue are Upright Technoplast Private Limited, Aadinath Polyfab Private Limited, Alpha Toyo Limited, Jeongin Enterprise Private Limited, all in the Automobiles industry (Auto Ancillary, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Kamal Neel ceased to be Whole-Time Director on 20 Apr 2021. Pradeep Sethi ceased to be Whole-Time Director on 20 Apr 2021. Inder Neel Singh ceased to be Whole-Time Director on 29 Jan 2018. Primex Plastics has 12 board changes on record in total.
Yes, Primex Plastics is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0013388).