MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-01-0002839
Saras Plastics Private Ltd - packaging in Ahmednagar, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹7.42 Cr
▼ 7% YoY
Net loss · FY 2024
₹24.12 Lakh
Net margin -3.3%
EBITDA · FY 2024
₹4.71 Lakh
EBITDA margin 0.6%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹7.42 Cr
Satisfied ₹1.22 Cr
Company age
35 yrs
Est. 1991
Directors on board
2
As per MCA filings
About Saras Plastics Private Ltd
Data last updated:
Saras Plastics Private Ltd is a private limited company based in Ahmednagar, Maharashtra, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 08 January 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U25209PN1991PTC059729. Its GSTIN is 27AADCS2486C1ZF (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors Prakash Simratmal Gandhi and Jayashree Prakash Gandhi.
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 L – 132 MIDC Area, Ahmednagar, Maharashtra, India – 414111.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.42 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹24.12 Lakh (net margin -3.3%) and EBITDA of ₹4.71 Lakh (EBITDA margin 0.6%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹7.42 Cr and satisfied charges of ₹1.22 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
Saras Plastics Private Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-01-0002839). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sarasplastics.in.
Company Details of Saras Plastics Private Ltd
CIN U25209PN1991PTC059729
Registration Number 059729
Incorporation Date 08 January 1991
ROC Pune
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 Small
Udyam Registration UDYAM-MH-01-0002839
CIN History of Saras Plastics Private Ltd
Saras Plastics has one previous CIN (Corporate Identification Number): U25209MH1991PTC059729. The current CIN is U25209PN1991PTC059729, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209PN1991PTC059729 | Current |
| U25209MH1991PTC059729 | Previous |
Recognitions & Rankings of Saras Plastics
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressL – 132 MIDC Area, Ahmednagar, Maharashtra, India – 414111
- IndustryPackaging, Packaging Films & Foils
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Business Activity of Saras Plastics Private Ltd
The main business activity of Saras Plastics is manufacturing. In detail, this covers other manufacturing.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing | Locked |
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Turnover share and past changes in activity are in the company report.
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Financials of Saras Plastics Private Ltd FY 2024 filings available
Saras Plastics Private Ltd reported revenue of ₹7.42 Cr (down 7% YoY) for FY 2024.
Revenue · FY 2024
₹7.42 Cr ▼ 7%
Net loss · FY 2024
₹24.12 Lakh margin -3.3%
EBITDA · FY 2024
₹4.71 Lakh margin 0.6%
Compounded Annual Growth Rate (CAGR) of Saras Plastics Private Ltd
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 9%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 87%
3 years · compounded
▼ 7%
5 years · compounded
▼ 51%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 87% 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 Saras Plastics Private Ltd
| 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 | ₹4.71 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹24.12 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 Saras Plastics Private Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -3.3% | •••• | •••• | •••• | •••• |
| 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 Saras Plastics are in the company report.
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Financial statements from 2015
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Board of Directors of Saras Plastics Private Ltd
Saras Plastics has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Simratmal Gandhi Also directs: United Plastic Waste Recyclers LLP | Director | 08 Jan 1991 | 35 Years 9 Months | Current |
| Jayashree Prakash Gandhi | Director | 08 Jan 1991 | 35 Years 9 Months | Current |
Peer Comparison of Saras Plastics Private Ltd
Saras Plastics Private Ltd is compared with the companies closest to it by revenue in the Manufacturing industry (Plastic Based 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 |
|---|---|---|---|---|---|---|
| Deesh Print Pack Limited | ₹7.5 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Phagwara, Punjab, India |
| Nand Composites Private Limited | ₹7.49 Cr (FY 2024) | •••• | •••• | 30.0% | •••• | Pune, Maharashtra, India |
| Khosla Plastics Pvt Ltd | ₹7.48 Cr (FY 2025) | •••• | •••• | 514.0% | •••• | Pune, Maharashtra, India |
| Aadhunik Infrastructure Development Private Limited | ₹7.44 Cr (FY 2024) | •••• | •••• | -82.0% | •••• | Jalgaon, Maharashtra, India |
| Soni Son Packaging Private Limited | ₹7.43 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | New Delhi, Delhi, India |
| Saras Plastics Private Ltd this company | ₹7.42 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Ahmednagar, Maharashtra, India |
| Tirumala Highrise Private Limited | ₹7.39 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Kolkata, West Bengal, India |
| Samwha Electra Private Limited | ₹7.39 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Kolkata, West Bengal, India |
| Ramsons Petrochem Private Limited | ₹7.38 Cr (FY 2025) | •••• | •••• | •••• | Saharanpur, Uttar Pradesh, India | |
| Magadh Polyplast Industries Private Limited | ₹7.38 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Patna, Bihar, India |
| Geeta Polyplast Private Limited | ₹7.37 Cr (FY 2025) | •••• | •••• | -69.0% | •••• | Ratan Lal Nagar, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Saras Plastics by revenue in the Manufacturing industry (Plastic Based 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 Saras Plastics Private Ltd
Saras Plastics Private Ltd is audited by RISHABH S KATARIYA AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RISHABH S KATARIYA AND ASSOCIATES | Locked | Locked | Locked |
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Ownership and Shareholding of Saras Plastics Private Ltd
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Charges & Borrowings of Saras Plastics Private Ltd
Open charges
₹7.42 Cr
Satisfied charges
₹1.22 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 May 2014 | Others | ₹7.42 Cr | Open |
| 10 Apr 2012 | Karur Vysya Bank | ₹60 Lakh | Satisfied |
| 26 Sep 2008 | State Bank India | ₹50 Lakh | Satisfied |
| 11 May 2005 | Ahmednagar Merchants Co-Op Bank Ltd | ₹12 Lakh | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Saras Plastics Private Ltd
Saras Plastics Private Ltd has 3 court cases on record: 1 filed by Saras Plastics, 1 filed against it, 1 where it is another party. 1 case is pending and 2 are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Total cases
3
Filed by the company
1
Filed against the company
1
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Central Bank of India Limited | Pending |
| Bombay High Court | Court case (MCA) | Company is another party | Disposed |
| District court, Ahmednagar, Maharashtra | Civil suit | Filed against the company by Kalpak Industries THR Pro.Satiesh Manikrao Zende | Disposed |
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Full case history
All 3 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 Saras Plastics Private Ltd
Employment history and EPFO contributions of people linked to Saras Plastics.
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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 Saras Plastics Private Ltd
Saras Plastics Private Ltd has 2 board changes on record since 1991: 2 appointments. The latest: Jayashree Prakash Gandhi was appointed as Director on 08 Jan 1991.
AGM
Saras Plastics Private Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Saras Plastics Private Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Charges
A charge with Others of Rs. 7.42 Cr registered on 14 May 2014 with Charge ID 10494344 was modified on 04 May 2016.
Charges
A charge with Others amounted to Rs. 7.42 Cr with Charge ID 10494344 was registered on 14 May 2014.
Charges
A charge registered on 10 Apr 2012 via Charge ID 10347874 with Karur Vysya Bank was fully satisfied on 07 Jun 2013.
Charges
A charge with Karur Vysya Bank amounted to Rs. 0.60 Cr with Charge ID 10347874 was registered on 10 Apr 2012.
Charges
A charge registered on 26 Sep 2008 via Charge ID 10130131 with State Bank India was fully satisfied on 10 Apr 2012.
Charges
A charge with State Bank India of Rs. 0.50 Cr registered on 26 Sep 2008 with Charge ID 10130131 was modified on 20 Dec 2010.
Charges
A charge registered on 11 May 2005 via Charge ID 90087289 with Ahmednagar Merchants Co-Op Bank Ltd was fully satisfied on 28 Nov 2008.
Charges
A charge with State Bank India amounted to Rs. 0.50 Cr with Charge ID 10130131 was registered on 26 Sep 2008.
Charges
A charge with Ahmednagar Merchants Co-Op Bank Ltd amounted to Rs. 0.12 Cr with Charge ID 90087289 was registered on 11 May 2005.
Appointed
Jayashree Prakash Gandhi was appointed as Director.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Saras Plastics Private Ltd
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MSME Payment Delays by Saras Plastics Private Ltd
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Subsidiaries & Group Companies of Saras Plastics Private Ltd
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GST Compliance of Saras Plastics Private Ltd
Saras Plastics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCS2486C1ZF | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Saras Plastics Private Ltd
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Frequently Asked Questions about Saras Plastics Private Ltd
Saras Plastics is an active private limited company based in Ahmednagar, Maharashtra, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 08 January 1991 (35+ years old) and is registered under CIN U25209PN1991PTC059729.
Saras Plastics reported revenue of ₹7.42 Cr for FY 2024 (down 7% YoY).
Saras Plastics has 2 current directors:
- Prakash Simratmal Gandhi - Director
- Jayashree Prakash Gandhi - Director
Saras Plastics reported a net loss of ₹24.12 Lakh (net margin -3.3%) and EBITDA of ₹4.71 Lakh (EBITDA margin 0.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Saras Plastics is 9% over three years and 11% over five years. In the latest year (FY 2024) revenue fell 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Saras Plastics is 27AADCS2486C1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Saras Plastics is U25209PN1991PTC059729. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saras Plastics has 3 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Saras Plastics was incorporated on 08 January 1991, making it 35+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Saras Plastics by revenue are Deesh Print Pack Limited, Nand Composites Private Limited, Khosla Plastics Pvt Ltd, Aadhunik Infrastructure Development Private Limited, Soni Son Packaging Private Limited and 5 more, all in the Manufacturing industry (Plastic Based Products).
Jayashree Prakash Gandhi was appointed as Director on 08 Jan 1991. Prakash Simratmal Gandhi was appointed as Director on 08 Jan 1991.