Seaplast (India) Private Limited

Seaplast (India) Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U25201GJ1996PTC031114 Incorporated 08 November 1996 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2025
₹26.58 Cr
▲ 14% YoY
Net profit · FY 2025
₹67.86 Lakh
Net margin 2.6%
EBITDA · FY 2025
₹2.16 Cr
EBITDA margin 8.1%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹10.23 Cr
Satisfied ₹1.95 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
73
Provident fund records

About Seaplast (India) Private Limited

Data last updated:

Seaplast (India) Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of I Plast Converting Company Limited. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 08 November 1996 and has been in existence for over 30 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25201GJ1996PTC031114. Its GSTIN is 24AACCS1023J1ZS (Gujarat). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It was formerly known as Saeplast (India) Private Limited. It is led by directors including Santosh Kumar Gopi (Managing Director) and Jinesh Manian.

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 B/212 Ratnakar 9 Square Opp. Keshav Baug Mansi Circle Road, Ahmedabad, Gujarat, India – 380015.

As per the financials filed for FY 2025, the company reported a revenue of ₹26.58 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹67.86 Lakh (net margin 2.6%) and EBITDA of ₹2.16 Cr (EBITDA margin 8.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 1% over five years.

The company has about 73 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Seaplast India. As per MCA filings, the company has open charges of ₹10.23 Cr and satisfied charges of ₹1.95 Cr on record. Court records list 31 cases involving the company, including 25 filed by the company and 6 filed against it; 8 cases are pending.

Seaplast (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0030141). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website seaplastindia.com.

Company details

CIN U25201GJ1996PTC031114
Registration Number 031114
Incorporation Date 08 November 1996
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company I Plast Converting Company Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0030141

Name history

Seaplast (India) has undergone 3 name changes throughout its history. The company was previously known as Seaplast India Private Limited, Saeplast (India) Private Limited, and Promens (India) Private Limited. The current legal name is Seaplast (India) Private Limited.

Company NameStatus
Seaplast (India) Private LimitedCurrent
Seaplast India Private LimitedPrevious
Saeplast (India) Private LimitedPrevious
Promens (India) Private LimitedPrevious
Key People
Santosh Kumar Gopi Managing Director Jinesh Manian Director Jishi Santosh Kumar Director

Recognitions & Rankings of Seaplast (India)

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-01-0030141

Contact details

Seaplast (India) Private Limited's registered office is in Ahmedabad, Gujarat. Its website is seaplastindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    seaplastindia.com
  • Social Media
  • Registered Address
    B/212 Ratnakar 9 Square Opp. Keshav Baug Mansi Circle Road, Ahmedabad, Gujarat, India – 380015
  • Industry
    Manufacturing, Plastic-Based Products

To see the full contact details of Seaplast (India) Private Limited, buy the company report.

Comprehensive company report
Seaplast (India) 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Seaplast (India) operates one associated brand: Seaplast India. Each brand links to its own profile.

BrandDescriptionWebsite
Seaplast India
Plastic moulding, product manufacturing, and industrial solutions in India.seaplastindia.com

Business activity

The main business activity of Seaplast (India) is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Seaplast (India) Private Limited, buy the company report.

Financials of Seaplast (India) Private Limited

FY 2025 filings available

Seaplast (India) Private Limited reported revenue of ₹26.58 Cr (up 14% YoY) for FY 2025.

Revenue · FY 2025
₹26.58 Cr ▲ 14%
Net profit · FY 2025
₹67.86 Lakh margin 2.6%
EBITDA · FY 2025
₹2.16 Cr margin 8.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 5%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 28%
3 years · compounded
▲ 127%
5 years · compounded
▲ 27%

Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 14% growth in the latest year. EBITDA fell 28% 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 2024-25FY 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₹2.16 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹67.86 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin8.1%
Net Profit Margin2.6%
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 Seaplast (India) Private Limited, buy the company report.

Board of directors of Seaplast (India) Private Limited

Seaplast (India) has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Santosh Kumar Gopi
Also directs: Polarplas India Private Limited
Managing Director31 Mar 201115 Years 7 MonthsCurrent
Jinesh ManianDirector17 Aug 201610 Years 2 MonthsCurrent
Jishi Santosh Kumar
Also directs: Polarplas India Private Limited
Director17 Aug 201610 Years 2 MonthsCurrent
Manian KrishnanDirector23 Dec 20241 Years 10 MonthsCurrent
View all directors

Peer comparison

Seaplast (India) Private Limited is compared with the 3 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
DP Polymers & Chemicals Private Limited₹26.72 Cr (FY 2024)184.0%Ratlam, Madhya Pradesh, India
Seaplast (India) Private Limitedthis company₹26.58 Cr (FY 2025)₹67.86 Lakh2.6%14.0%73Ahmedabad, Gujarat, India
Royalshine Plastic Components Private Limited₹26.54 Cr (FY 2025)57.0%Hardwar, Uttarakhand, India
Shree Rubber Products Pvt. Ltd₹26.48 Cr (FY 2025)7.0%Mumbai, Maharashtra, India

To see the full peer comparison of Seaplast (India) Private Limited, buy the company report.

Auditor

Seaplast (India) Private Limited is audited by MANUBHAI & SHAH LLP for the financial year 2022.

Auditor firmFinancial yearFirm registration number
MANUBHAI & SHAH LLPFY 2022106041W

Shareholding

The shareholding of Seaplast (India) Private 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Seaplast (India) Private Limited, buy the company report.

Charges & borrowings

Open charges
₹10.23 Cr
Satisfied charges
₹1.95 Cr
Breakdown by lending institutions
Axis Bank Limited₹10.05 Cr
Hdfc Bank Limited₹0.18 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
20 Aug 2025101143020Hdfc Bank Limited₹17.88 LakhOpen
07 Nov 2016100063036Axis Bank Limited₹10 LakhOpen
23 Oct 200190107896Axis Bank Limited₹9.95 CrOpen
28 Mar 2017100136885Hdfc Bank Limited₹66 LakhSatisfied
03 Jun 200910163853Axis Bank Limited₹25 LakhSatisfied

To see the full charge records of Seaplast (India) Private Limited, buy the company report.

Total charge records: 7 View all charges

MSME payment delays

Seaplast (India) Private Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 881 overdue payments to 119 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 119)

SupplierAmount dueDue sinceReported on
an individual supplier
Kimax Polytron Private Limited
Mayur Corupack Private Limited
Sadguru Technologies
Umiya Enterprise

To see the full MSME payment records of Seaplast (India) Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Seaplast (India) Private Limited has a workforce of 73 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.

Employee count
73
Active EPFO establishments
1
Employee growth
-6.41%

GST

Seaplast (India) has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AACCS1023J1ZSGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Seaplast (India) Private Limited, buy the company report.

Recent activity

Seaplast (India) Private Limited has 20 board changes on record since 1996: 12 appointments and 8 cessations. The latest: Manian Krishnan was appointed as Director on 23 Dec 2024.

AGM
Seaplast (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 101143020 was registered on 20 Aug 2025.
Filing
Seaplast (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Manian Krishnan was appointed as Director.
Charges
A charge with Axis Bank Limited of Rs. 9.95 Cr registered on 23 Oct 2001 with Charge ID 90107896 was modified on 13 Nov 2024.
Charges
A charge registered on 28 Mar 2017 via Charge ID 100136885 with Hdfc Bank Limited was fully satisfied on 09 Apr 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.66 Cr with Charge ID 100136885 was registered on 28 Mar 2017.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.10 Cr with Charge ID 100063036 was registered on 07 Nov 2016.
Ceased
Dadi Valdimarsson ceased to be Director.
Appointed
Jinesh Manian was appointed as Director.
Appointed
Jishi Santosh Kumar was appointed as Director.
Ceased
Torfi Thorkell Gudmundsson ceased to be Director.

23 earlier events are in the company report.

Frequently asked questions

Seaplast (India) is an active private limited company based in Ahmedabad, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 08 November 1996 (30+ years old) and is registered under CIN U25201GJ1996PTC031114.

Seaplast (India) has 4 current directors:

The latest financial statements of Seaplast (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 Seaplast (India) is 24AACCS1023J1ZS, 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 Seaplast (India) is U25201GJ1996PTC031114. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Seaplast (India) has 31 court cases on record: 25 filed by the company and 6 filed against it. 8 are pending. Most are in the district courts.

Seaplast (India) was incorporated on 08 November 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.

The peers of Seaplast (India) by revenue are DP Polymers & Chemicals Private Limited, Royalshine Plastic Components Private Limited, Shree Rubber Products Pvt. Ltd, 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).

Manian Krishnan was appointed as Director on 23 Dec 2024. Dadi Valdimarsson ceased to be Director on 17 Aug 2016. Jinesh Manian was appointed as Director on 17 Aug 2016. Seaplast (India) has 20 board changes on record in total.

Yes, Seaplast (India) is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0030141).

Seaplast (India) has 10 MSME Form 1 returns on record between 2019 and 2024, listing 881 overdue payments to 119 micro and small suppliers. The latest return was filed on 22 Apr 2024.

Seaplast (India) can be reached through the website seaplastindia.com. Its registered office is in Ahmedabad, Gujarat, India.