India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,750 Rajesh R Mandawewala ₹1,000 Cr
Revenue · FY 2026
₹633.67 Cr
▲ 4% YoY
Net loss · FY 2026
₹80.89 Cr
Net margin -12.8%
EBITDA · FY 2026
-₹52.02 Cr
EBITDA margin -8.2%
Authorised capital
₹67.45 Cr
Registered with MCA
Paid-up capital
₹11.43 Lakh
Issued & subscribed
Open charges
₹298 Cr
Satisfied ₹3,522.1 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
1,687
Provident fund records
About Sintex-Bapl Limited
Data last updated:
Sintex-Bapl Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Welspun Corp Limited. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 23 July 2007 and has been in existence for over 19 years.
Its director Rajesh R Mandawewala is #1,750 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25199GJ2007PLC051364. Its GSTIN is 24AADCB1921F2Z9 (Gujarat). The company holds 21 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹67.45 Cr and a paid-up capital of ₹11.43 Lakh. It was formerly known as Bright Autoplast Private Limited and Bright Autoplast Limited. It is led by directors including Rajesh Mandawewala and Arun Lalchand Todarwal.
Its last annual general meeting (AGM) was held on 21 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Abhijeet – I 7th Floor Mithakhali Six Roads Ellisbridge, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2026, the company reported a revenue of ₹633.67 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹80.89 Cr (net margin -12.8%) and EBITDA of -₹52.02 Cr (EBITDA margin -8.2%). Revenue has grown at a compounded annual rate (CAGR) of 295% over three years.
The company has about 1,687 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sintex-BAPL. As per MCA filings, the company has open charges of ₹298 Cr and satisfied charges of ₹3,522.1 Cr on record. Court records list 338 cases involving the company, including 233 filed by the company and 106 filed against it; 155 cases are pending. The company has 9 deals on record (5 secondary share transfers, 1 debt financing, 1 funding round), with disclosed funding of ₹200 Cr; the latest was in March 2018. Its 5 peer companies in the Manufacturing industry (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 3 smaller; the largest is Kanpur Plastipack Limited with revenue of ₹643.12 Cr. The company has 54 MSME Form 1 returns on record between 2016 and 2024, listing 22,087 overdue payments to 811 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sintexbapl.co.in.
Company details
CIN U25199GJ2007PLC051364
Registration Number 051364
Incorporation Date 23 July 2007
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 21 July 2025
Date of Balance Sheet 31 March 2025
Parent Company Welspun Corp Limited
Compliance Status Active Compliant
Name history
Sintex-Bapl has undergone 4 name changes throughout its history. The current legal name is Sintex-Bapl Limited.
| Company Name | Status |
|---|---|
| Sintex-Bapl Limited | Current |
| Bright Autoplast Private Limited | Previous |
| Bright Autoplast Limited | Previous |
| Bright Autoplastic Private Limited | Previous |
| Bright Auto Plastic Private Limited | Previous |
CIN history
Sintex-Bapl has one previous CIN (Corporate Identification Number): U25199GJ2007PTC051364. The current CIN is U25199GJ2007PLC051364, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25199GJ2007PLC051364 | Current |
| U25199GJ2007PTC051364 | Previous |
Key People
Nilesh Sevabrata Mazumdar Ceo Rajesh Mandawewala Director Arun Lalchand Todarwal Director Recognitions & Rankings of Sintex-Bapl
Contact details
Sintex-Bapl Limited's registered office is in Ahmedabad, Gujarat. Its website is sintexbapl.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAbhijeet – I 7th Floor Mithakhali Six Roads Ellisbridge, Ahmedabad, Gujarat, India – 380006
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Sintex-Bapl Limited, buy the company report.
Comprehensive company report
Sintex-Bapl 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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Brands
Sintex-Bapl operates one associated brand: Sintex-BAPL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Major auto components are manufactured and supplied to OEMs. | sintexbapl.co.in |
Business activity
The main business activity of Sintex-Bapl 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 Sintex-Bapl Limited, buy the company report.
Financials of Sintex-Bapl Limited
FY 2025 filings availableSintex-Bapl Limited reported revenue of ₹633.67 Cr (up 4% YoY) for FY 2026.
Revenue · FY 2026
₹633.67 Cr ▲ 4%
Net loss · FY 2026
₹80.89 Cr margin -12.8%
EBITDA · FY 2026
-₹52.02 Cr margin -8.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 295%
EBITDA CAGR growth
1 year
▼ 328%
3 years · compounded
▼ 224%
Revenue has grown at a compounded annual rate (CAGR) of 295% over three years, including 4% growth in the latest year. EBITDA fell 328% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| 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 | -₹52.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹80.89 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.2% | ||||
| Net Profit Margin | -12.8% | ||||
| 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 Sintex-Bapl Limited, buy the company report.
Board of directors and KMP of Sintex-Bapl Limited
Sintex-Bapl Limited currently reports 5 directors and 1 key managerial person. 30 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Mandawewala Also directs: Welspun Real Estate Ventures LLP, DBG Multiventures LLP, Welspun Living Limited and 5 more | Director | 29 Mar 2023 | 3 Years 7 Months | Current |
| Arun Lalchand Todarwal Also directs: Arun Todarwal & Associates LLP, Arun Todarwal & Co LLP, Laxmi Organic Industries Limited and 5 more | Director | 29 Mar 2023 | 3 Years 7 Months | Current |
| Yashovardhan Agarwal Also directs: Bapl Rototech Private Limited, Welspun Bapl Private Limited, Sintex Advance Plastics Limited and 4 more | Director | 29 Mar 2023 | 3 Years 7 Months | Current |
| Nilesh Sevabrata Mazumdar | Ceo | 26 Sep 2025 | 1 Years 1 Months | Current |
| Amita Misra Also directs: Dalmia Bharat Sugar and Industries Limited, Welspun Specialty Solutions Limited, Anjar TMT Steel Private Limited and 2 more | Director | 21 Nov 2024 | 1 Years 11 Months | Current |
| Sanjay Kumar Panigrahi Also directs: SBM Advisors LLP | Director | 28 Jul 2023 | 3 Years 3 Months | Current |
Peer comparison
Sintex-Bapl Limited is compared with the 5 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kanpur Plastipack Limited | ₹643.12 Cr (FY 2025) | 26.0% | Dada Nagar, Uttar Pradesh, India | |||
| Sintex-Bapl Limitedthis company | ₹633.67 Cr (FY 2026) | -₹80.89 Cr | -12.8% | 4.0% | 1,687 | Ahmedabad, Gujarat, India |
| Vignesh Polymers India Private Limited | ₹631.67 Cr (FY 2025) | 4.0% | Sriperambudur, Tamil Nadu, India | |||
| Plastene India Limited | ₹606.47 Cr (FY 2025) | 14.0% | Ahmedabad, Gujarat, India | |||
| Shri Dakshineshwari Maa Polyfabs Limited | ₹596.76 Cr (FY 2025) | 20.0% | Kolkata, West Bengal, India | |||
| Pashupati Polytex Private Limited | ₹590.78 Cr (FY 2025) | 21.0% | Gorakhpur, Uttar Pradesh, India |
To see the full peer comparison of Sintex-Bapl Limited, buy the company report.
Auditor
Sintex-Bapl Limited is audited by Pipara & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pipara & Co LLP | FY 2023 | 107929W/W100219 |
Shareholding
The shareholding of Sintex-Bapl 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 category | FY 2023 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sintex-Bapl Limited, buy the company report.
Charges & borrowings
Open charges
₹298 Cr
Satisfied charges
₹3,522.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2023 | 100794815 | Others | ₹298 Cr | Open | |
| 28 Apr 2023 | 100714183 | Others | ₹150 Cr | Satisfied | |
| 23 Mar 2023 | 100693908 | Others | ₹150 Cr | Satisfied | |
| 11 Jun 2019 | 100268566 | Others | ₹140 Cr | Satisfied | |
| 20 Oct 2018 | 100216556 | Others | ₹60 Cr | Satisfied |
To see the full charge records of Sintex-Bapl Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Sintex-Bapl Limited has 9 deals on record (5 secondary share transfers, 1 debt financing, 1 funding round), with disclosed funding of ₹200 Cr; the latest was in March 2018.
Total deals
9
Secondary share transfers
5
Debt financing
1
Funding round
1
Rights issue
1
Disclosed funding
₹200 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Vittam Bharat Limited, Sintex Plastics Technology Limited & Ashoke Kumar Maitra, 2 individuals Seller: Sintex Industries Limited , Sintex Industries Limited & Rahul A Patel, Sintex Industries Limited & Arun P Patel |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Vittam Bharat Limited Seller: Sintex Industries Limited |
| May 2015 | Rights issue | ₹99.2 Cr | Investors: Sintex Industries Limited , Sintex Industries Limited & Satyanarayan B Danaych, Sintex Industries Limited & Laxmirai M Rathod |
| Nov 2009 | Secondary share transfer | Undisclosed | Buyer: Sintex Industries Limited , Sintex Industries Limited & Laxmirai M Rathod, Sintex Industries Limited & Arun P Patel Seller: Sintex Holdings BV, Ant Trust & Corporate Services |
| Mar 2009 | Acquisition | ₹50 Cr | Buyer: Sintex Industries Limited |
To see the full deal history of Sintex-Bapl Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sintex-Bapl Limited has 338 court cases on record: 233 filed by Sintex-Bapl, 106 filed against it. 155 cases are pending and 183 are disposed.
Total cases
338
Filed by the company
233
Filed against the company
106
Pending
155
Disposed
183
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 188 | 65 | 79 |
| High courts | 118 | 14 | 68 |
| NCLT | 20 | 15 | 4 |
| NCLAT | 10 | 10 | 4 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 338)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by Anjanajyoti Biomolecular Private Limited Erstwhile Knights Sports Events Privae Limited and 1 other | Pending |
| Madras High Court | Writ petition | Filed by the company against Welspun Bapl Pvt Ltd and 1 other | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against Sintex Prefab and Infra Limited and 1 other | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Machino Polymers Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Committee of Creditors of Sintex Bapl Limited Through Asset Reconstruction Company (India) Limited | Disposed |
To see the full case history of Sintex-Bapl 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
Sintex-Bapl Limited was last rated by Care on 16 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 16 May 2022 |
To see the full credit ratings and regulatory alerts of Sintex-Bapl Limited, buy the company report.
MSME payment delays
Sintex-Bapl Limited has 54 MSME Form 1 returns on record between 2016 and 2024, listing 22,087 overdue payments to 811 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 811)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Creative Carriers | |||
| an individual supplier | |||
| Amrut Microtech | |||
| an individual supplier | |||
| Jet Road Lines (India) Private Limited |
To see the full MSME payment records of Sintex-Bapl Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sintex-Bapl Limited has a workforce of 1,687 employees on its EPFO records as of Mar 23, 2024, across 8 active EPFO establishments.
Employee count
1,687
Active EPFO establishments
8
Employee growth
-21.68%
GST
Sintex-Bapl has 21 GST registrations: 11 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
21
Active
11
Cancelled / inactive
10
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCB1921F2Z9 | Gujarat | Active | 01 Jul 2017 |
| 02AADCB1921F1ZG | Himachal Pradesh | Active | 01 Jul 2017 |
| 18AADCB1921F1Z3 | Assam | Active | 01 Jul 2017 |
| 19AADCB1921F1Z1 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sintex-Bapl Limited, buy the company report.
Recent activity
Sintex-Bapl Limited has 60 board changes on record since 2007: 33 appointments and 27 cessations. The latest: Nilesh Sevabrata Mazumdar was appointed as CEO on 26 Sep 2025.
Appointed
Nilesh Sevabrata Mazumdar was appointed as CEO.
AGM
Sintex-Bapl Limited last Annual general meeting of members was held on 21 Jul 2025 as per latest MCA records.
Filing
Sintex-Bapl Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Amita Misra was appointed as Director.
Charges
A charge registered on 28 Apr 2023 via Charge ID 100714183 with Others was fully satisfied on 21 Oct 2023.
Charges
A charge registered on 23 Mar 2023 via Charge ID 100693908 with Others was fully satisfied on 21 Oct 2023.
Charges
A charge with Others amounted to Rs. 298.00 Cr with Charge ID 100794815 was registered on 29 Sep 2023.
Appointed
Sanjay Kumar Panigrahi was appointed as Director.
Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 100714183 was registered on 28 Apr 2023.
Charges
A charge registered on 14 Dec 2017 via Charge ID 100142137 with Others was fully satisfied on 31 Mar 2023.
Charges
A charge registered on 14 Dec 2017 via Charge ID 100142417 with Others was fully satisfied on 31 Mar 2023.
Charges
A charge registered on 14 Dec 2017 via Charge ID 100140541 with Others was fully satisfied on 31 Mar 2023.
110 earlier events are in the company report.
News
Frequently asked questions
Sintex-Bapl is an active public limited company based in Ahmedabad, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 23 July 2007 (19+ years old) and is registered under CIN U25199GJ2007PLC051364.
Sintex-Bapl has 6 current directors and KMP:
- Rajesh Mandawewala - Director
- Arun Lalchand Todarwal - Director
- Yashovardhan Agarwal - Director
- Amita Misra - Director
- Sanjay Kumar Panigrahi - Director
- Nilesh Sevabrata Mazumdar - Ceo
The latest financial statements of Sintex-Bapl on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sintex-Bapl is 24AADCB1921F2Z9, registered in Gujarat. The company has 21 GST registrations in all, of which 11 are active and 10 are cancelled or inactive. Other active GSTINs include 02AADCB1921F1ZG (Himachal Pradesh), 18AADCB1921F1Z3 (Assam), 19AADCB1921F1Z1 (West Bengal).
The CIN (Corporate Identification Number) of Sintex-Bapl is U25199GJ2007PLC051364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sintex-Bapl has 338 court cases on record: 233 filed by the company and 106 filed against it. 155 are pending. Most are in the district courts.
Sintex-Bapl was incorporated on 23 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sintex-Bapl has 9 deals on record (5 secondary share transfers, 1 debt financing, 1 funding round), with disclosed funding of ₹200 Cr; the latest was in March 2018.
The peers of Sintex-Bapl by revenue are Kanpur Plastipack Limited, Vignesh Polymers India Private Limited, Plastene India Limited, Shri Dakshineshwari Maa Polyfabs Limited, Pashupati Polytex Private Limited, 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).
Nilesh Sevabrata Mazumdar was appointed as CEO on 26 Sep 2025. Amita Misra was appointed as Director on 21 Nov 2024. Sanjay Kumar Panigrahi was appointed as Director on 28 Jul 2023. Sintex-Bapl has 60 board changes on record in total.
Sintex-Bapl has 54 MSME Form 1 returns on record between 2016 and 2024, listing 22,087 overdue payments to 811 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Sintex-Bapl can be reached through the website sintexbapl.co.in. Its registered office is in Ahmedabad, Gujarat, India.
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