India's Richest People 2026 edition · 1 director · Source: Hurun India
- #530 Ajay D Vaghani & Family ₹6,500 Cr
Rising Star Plastics Pvt Ltd
Rising Star Plastics Pvt Ltd - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Private Limited Company financial services
Revenue · FY 2024
₹58.34 Lakh
▼ 56.49% YoY
Net loss · FY 2024
₹1.03 Cr
Net margin -176.2%
EBITDA · FY 2024
-₹91.17 Lakh
EBITDA margin -156.3%
Authorised capital
₹5.6 Cr
Registered with MCA
Paid-up capital
₹5.17 Cr
Issued & subscribed
Open charges
₹2.15 Cr
Secured borrowings
Company age
45 yrs
Est. 1981
Directors on board
2
As per MCA filings
About Rising Star Plastics Pvt Ltd
Data last updated:
Rising Star Plastics Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 03 July 1981 and has been in existence for over 45 years.
Its director Ajay D Vaghani and Family is #530 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH1981PTC024744. Its GSTIN is 27AAACR1961N2Z1 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5.6 Cr and a paid-up capital of ₹5.17 Cr. It is led by directors Ajaykumar Dineshkumar Vaghani and Dinesh Ishwarlal Vaghani.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹58.34 Lakh. For the same year it recorded a net loss of ₹1.03 Cr (net margin -176.2%) and EBITDA of -₹91.17 Lakh (EBITDA margin -156.3%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹2.15 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U25209MH1981PTC024744
Registration Number 024744
Incorporation Date 03 July 1981
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
Recognitions & Rankings of Rising Star Plastics
Contact details
Rising Star Plastics Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address134 Ab Govt Indl Estate Charkop Kandivali West Near Capsul Compa, Ny, Mumbai, Maharashtra, India – 400067
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Rising Star Plastics Pvt Ltd, buy the company report.
Comprehensive company report
Rising Star Plastics Pvt Ltd - 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 Rising Star Plastics is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Rising Star Plastics Pvt Ltd, buy the company report.
Financials of Rising Star Plastics Pvt Ltd
FY 2024 filings availableRising Star Plastics Pvt Ltd reported revenue of ₹58.34 Lakh for FY 2024.
Revenue · FY 2024
₹58.34 Lakh
Net loss · FY 2024
₹1.03 Cr margin -176.2%
EBITDA · FY 2024
-₹91.17 Lakh margin -156.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 36%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▼ 65%
3 years · compounded
▼ 192%
5 years · compounded
▼ 69%
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years. EBITDA fell 65% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹91.17 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.03 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -156.3% | ||||
| Net Profit Margin | -176.2% | ||||
| 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 Rising Star Plastics Pvt Ltd, buy the company report.
Board of directors of Rising Star Plastics Pvt Ltd
Rising Star Plastics has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajaykumar Dineshkumar Vaghani | Director | 08 Aug 2014 | 12 Years 3 Months | Current |
| Dinesh Ishwarlal Vaghani Also directs: Ishwar Ashish Plastics LLP, Tao Plastics Private Limited, D J Holdings Private Limited and 2 more | Director | 18 Jan 2008 | 18 Years 9 Months | Current |
Auditor
Rising Star Plastics Pvt Ltd is audited by MEHTA CHOKSHI & SHAH for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHTA CHOKSHI & SHAH | FY 2016 | 106201W |
Shareholding
The shareholding of Rising Star Plastics Pvt Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Rising Star Plastics Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹2.15 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Sep 1991 | 90185757 | Central Bank of India | ₹2.62 Lakh | Open | |
| 15 Feb 1991 | 90185684 | Central Bank of India | ₹2.98 Lakh | Open | |
| 31 Jan 1991 | 90185679 | Central Bank of India | ₹1.76 Lakh | Open | |
| 20 Aug 1990 | 90185623 | Central Bank of India | ₹30 Lakh | Open | |
| 14 May 1990 | 90185593 | Central Bank of India | ₹13.83 Lakh | Open |
To see the full charge records of Rising Star Plastics Pvt Ltd, buy the company report.
Total charge records: 12 View all charges
Legal cases
Rising Star Plastics Pvt Ltd has 1 court case on record: 1 filed by Rising Star Plastics. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed by the company against Ms Procal Electronis Ltd and 3 others | Disposed |
To see the full case history of Rising Star Plastics Pvt Ltd, 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rising Star Plastics Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rising Star Plastics has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR1961N2Z1 | Maharashtra | Active | 30 Aug 2017 |
To see the full GST registrations and return filing status of Rising Star Plastics Pvt Ltd, buy the company report.
Recent activity
Rising Star Plastics Pvt Ltd has 7 board changes on record since 2008: 2 appointments and 5 cessations. The latest: Manisha Ajay Vaghani ceased to be Director on 14 May 2020.
AGM
Rising Star Plastics Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Rising Star Plastics Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai I.
Ceased
Manisha Ajay Vaghani ceased to be Director.
Ceased
Ajaykumar Dineshkumar Vaghani ceased to be Additional Director.
Ceased
Bansilal Ishwarlal Vaghani ceased to be Director.
Appointed
Ajaykumar Dineshkumar Vaghani was appointed as Director.
Ceased
Chiranjiv Ishwarlal Vaghani ceased to be Director.
Ceased
Yogesh Ishwarlal Vaghani ceased to be Director.
Appointed
Dinesh Ishwarlal Vaghani was appointed as Director.
Charges
A charge with Central Bank Of India of Rs. 0.75 Cr registered on 03 Apr 1990 with Charge ID 90185583 was modified on 22 Sep 1992.
Charges
A charge with Central Bank Of India amounted to Rs. 0.03 Cr with Charge ID 90185757 was registered on 18 Sep 1991.
Charges
A charge with Central Bank Of India amounted to Rs. 0.03 Cr with Charge ID 90185684 was registered on 15 Feb 1991.
11 earlier events are in the company report.
Frequently asked questions
Rising Star Plastics is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 03 July 1981 (45+ years old) and is registered under CIN U25209MH1981PTC024744.
Rising Star Plastics has 2 current directors:
- Ajaykumar Dineshkumar Vaghani - Director
- Dinesh Ishwarlal Vaghani - Director
The latest financial statements of Rising Star 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 Rising Star Plastics is 27AAACR1961N2Z1, registered in Maharashtra. 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 Rising Star Plastics is U25209MH1981PTC024744. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rising Star Plastics has 1 court case on record: 1 filed by the company.
Rising Star Plastics was incorporated on 03 July 1981, making it 45+ years old. It is registered with the Registrar of Companies, Mumbai.
Manisha Ajay Vaghani ceased to be Director on 14 May 2020. Ajaykumar Dineshkumar Vaghani ceased to be Additional Director on 30 Sep 2014. Bansilal Ishwarlal Vaghani ceased to be Director on 09 Aug 2014. Rising Star Plastics has 7 board changes on record in total.
The registered office of Rising Star Plastics is at 134 Ab Govt Indl Estate Charkop Kandivali West Near Capsul Compa, Ny, Mumbai, Maharashtra, India – 400067.
Rising Star Plastics operates in the financial services industry, in the diversified financial services segment.
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