About Technovaa Plastic Industries Private Limited
Data last updated:
Technovaa Plastic Industries Private Limited is a private limited company based in Mehsana, Gujarat, India, a subsidiary of Technovaa Industries Limited. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 08 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25203GJ2010PTC079355. Its GSTIN is 24AADCT6868M2ZO (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹17.73 Cr. It was formerly known as Popcan Plastic Industries Private Limited and Techplast Films Private Limited. It is led by directors Virendra Kumar Kankriya and Ashwin Jain.
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 Survey No 2293 & 2295 Rajpur Zulasan Road Rajpur Taluka – Kadi, Mehsana, Gujarat, India – 382715.
As per the financials filed for FY 2025, the company reported a revenue of ₹73.73 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹2.42 Cr (net margin 3.3%) and EBITDA of ₹7.28 Cr (EBITDA margin 9.9%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years.
The company has about 52 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Technovaa Plastic Industries. As per MCA filings, the company has open charges of ₹48.59 Cr and satisfied charges of ₹227.24 Cr on record. Court records list 56 cases involving the company, including 17 filed by the company and 38 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website technovaaplastic.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSurvey No 2293 & 2295 Rajpur Zulasan Road Rajpur Taluka – Kadi, Mehsana, Gujarat, India – 382715
- IndustryPackaging, Packaging Films & Foils
- 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
- One PDF report, delivered after checkout
Business Activity of Technovaa Plastic Industries Private Limited
The main business activity of Technovaa Plastic Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Technovaa Plastic Industries Private Limited FY 2024 filings available
Technovaa Plastic Industries Private Limited reported revenue of ₹73.73 Cr (down 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Technovaa Plastic Industries Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over three years, including a 26% fall in the latest year. EBITDA rose 216% 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 Technovaa Plastic Industries Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹7.28 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.42 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 of Technovaa Plastic Industries Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.9% | •••• | •••• | •••• | •••• |
| 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 Technovaa Plastic Industries are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Technovaa Plastic Industries Private Limited
Technovaa Plastic Industries Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Films and Foils). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maxim Label & Packaging (India) Private Limited | ₹74.74 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Bangalore, Karnataka, India |
| Aluminium Powder Company Limited | ₹74.58 Cr (FY 2025) | •••• | •••• | 65.0% | •••• | Madurai, Tamil Nadu, India |
| Sun Packmet Private Limited | ₹74.42 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | New Delhi, Delhi, India |
| Rockdude Impex Private Limited | ₹74.28 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Mumbai, Maharashtra, India |
| Blue Coat Industries Private Limited | ₹74.18 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Surat, Gujarat, India |
| Technovaa Plastic Industries Private Limited this company | ₹73.73 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Mehsana, Gujarat, India |
| Sunrise Polypack Private Limited | ₹73.11 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Bara Chakia, Bihar, India |
| Icm Plastics Private Limited | ₹72.86 Cr (FY 2018) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Stationery Point (India) Limited | ₹72.54 Cr (FY 2025) | •••• | •••• | 460.0% | •••• | Mumbai, Maharashtra, India |
| Manidhari Foils Private Limited | ₹72.34 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Vasai, Maharashtra, India |
| Chromaprint India Private Limited | ₹71.53 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Coimbatore, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Technovaa Plastic Industries by revenue in the Packaging industry (Films and Foils), 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 Technovaa Plastic Industries Private Limited
Technovaa Plastic Industries Private Limited is audited by Khicha & Prabu Kesavan for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Khicha & Prabu Kesavan | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Technovaa Plastic Industries Private Limited
Technovaa Plastic Industries has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Virendra Kumar Kankriya Also directs: Paragon Poly Films Private Limited | Director | 04 Sep 2020 | 6 Years 1 Months | Current |
| Ashwin Jain Also directs: Kyan Enterprises Private Limited | Director | 02 Dec 2024 | 1 Years 10 Months | Current |
Ownership and Shareholding of Technovaa Plastic Industries Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Technovaa Plastic Industries Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Mar 2021 | The Hongkong and Shanghai Banking Corporation Limited | ₹48.59 Cr | Open |
| 13 Apr 2012 | Bank of Baroda | ₹113.62 Cr | Satisfied |
| 28 Mar 2012 | Bank of Baroda | ₹113.62 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Technovaa Plastic Industries Private Limited
Technovaa Plastic Industries Private Limited has 56 court cases on record: 17 filed by Technovaa Plastic Industries, 38 filed against it, 1 where it is another party. 6 cases are pending and 50 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 30 | 2 |
| High courts | 13 | 0 | 0 |
| Supreme Court | 6 | 6 | 4 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 56)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Electrolead (Pune) Pvt Ltd | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Anand Tradelink Pvt Ltd | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Ampacet Speciality Products Private Limited | Disposed |
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed against the company by Electrolead (Pune) Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by High Grade Industries (India) Private Limited | Disposed |
Full case history
All 56 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Technovaa Plastic Industries Private Limited
Technovaa Plastic Industries Private Limited has 6 MSME Form 1 returns on record between 2021 and 2024, listing 21 overdue payments to 12 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 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Gati Express & Supply Chain Private Limited | •••• | •••• | •••• |
| Nitco Logistics Private Limited | •••• | •••• | •••• |
| Blue Star Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 6 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Technovaa Plastic Industries Private Limited
Technovaa Plastic Industries operates one associated brand: Technovaa Plastic Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of flexible packaging materials, including films and cores, for industrial use. | technovaaplastic.com |
Employees and EPFO Compliance at Technovaa Plastic Industries Private Limited
Technovaa Plastic Industries Private Limited has a workforce of 52 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Technovaa Plastic Industries Private Limited
Technovaa Plastic Industries has undergone 5 name changes throughout its history. The current legal name is Technovaa Plastic Industries Private Limited.
| Company Name | Status |
|---|---|
| Technovaa Plastic Industries Private Limited | Current |
| Popcan Plastic Industries Private Limited | Previous |
| Techplast Films Private Limited | Previous |
| Darvesh Plastrusion Films Private Limited | Previous |
| Technopack India Plastic Industries Private Limited | Previous |
| Ld Plastic Industries Private Limited | Previous |
CIN History of Technovaa Plastic Industries Private Limited
Technovaa Plastic Industries has one previous CIN (Corporate Identification Number): U25203MH2010PTC203882. The current CIN is U25203GJ2010PTC079355, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25203GJ2010PTC079355 | Current |
| U25203MH2010PTC203882 | Previous |
Recent Activity on Technovaa Plastic Industries Private Limited
Technovaa Plastic Industries Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Abhishek Jain ceased to be Director on 02 Dec 2024.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Technovaa Plastic Industries Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Technovaa Plastic Industries Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Technovaa Plastic Industries Private Limited
Technovaa Plastic Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCT6868M2ZO | Gujarat | Active | 21 Jul 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Technovaa Plastic Industries Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Technovaa Plastic Industries Private Limited
Technovaa Plastic Industries is an active private limited company based in Mehsana, Gujarat, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 08 June 2010 (16+ years old) and is registered under CIN U25203GJ2010PTC079355.
Technovaa Plastic Industries reported revenue of ₹73.73 Cr for FY 2025 (down 26% YoY).
Technovaa Plastic Industries has 2 current directors:
- Virendra Kumar Kankriya - Director
- Ashwin Jain - Director
Technovaa Plastic Industries reported a net profit of ₹2.42 Cr (net margin 3.3%) and EBITDA of ₹7.28 Cr (EBITDA margin 9.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Technovaa Plastic Industries is -2% over three years. In the latest year (FY 2025) revenue fell 26%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Technovaa Plastic Industries is 24AADCT6868M2ZO, 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 Technovaa Plastic Industries is U25203GJ2010PTC079355. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Technovaa Plastic Industries has 56 court cases on record: 17 filed by the company and 38 filed against it. 6 are pending. Most are in the district courts.
Technovaa Plastic Industries was incorporated on 08 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Technovaa Plastic Industries by revenue are Maxim Label & Packaging (India) Private Limited, Aluminium Powder Company Limited, Sun Packmet Private Limited, Rockdude Impex Private Limited, Blue Coat Industries Private Limited and 5 more, all in the Packaging industry (Films and Foils).
Abhishek Jain ceased to be Director on 02 Dec 2024. Ashwin Jain was appointed as Director on 02 Dec 2024. Abdul Hameed ceased to be Additional Director on 04 Sep 2020. Technovaa Plastic Industries has 7 board changes on record in total.
Technovaa Plastic Industries has 6 MSME Form 1 returns on record between 2021 and 2024, listing 21 overdue payments to 12 micro and small suppliers. The latest return was filed on 30 Apr 2024.