MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-14-0001859
Technovaa Plastic Industries Private Limited - packaging in Mehsana, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹73.73 Cr
▼ 26% YoY
Net profit · FY 2025
₹2.42 Cr
Net margin 3.3%
EBITDA · FY 2025
₹7.28 Cr
EBITDA margin 9.9%
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹17.73 Cr
Issued & subscribed
Open charges
₹48.59 Cr
Satisfied ₹227.24 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
52
Provident fund records
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 57 cases involving the company, including 17 filed by the company and 40 filed against it; 6 cases are pending.
Technovaa Plastic Industries Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-14-0001859). 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.
Company details
CIN U25203GJ2010PTC079355
Registration Number 079355
Incorporation Date 08 June 2010
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Technovaa Industries Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-14-0001859
Name history
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
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 |
Recognitions & Rankings of Technovaa Plastic Industries
Contact details
Technovaa Plastic Industries Private Limited's registered office is in Mehsana, Gujarat. Its website is technovaaplastic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No 2293 & 2295 Rajpur Zulasan Road Rajpur Taluka – Kadi, Mehsana, Gujarat, India – 382715
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Technovaa Plastic Industries Private Limited, buy the company report.
Comprehensive company report
Technovaa Plastic Industries 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
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Brands
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 |
Business activity
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 | 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 Technovaa Plastic Industries Private Limited, buy the company report.
Financials of Technovaa Plastic Industries Private Limited
FY 2024 filings availableTechnovaa Plastic Industries Private Limited reported revenue of ₹73.73 Cr (down 26% YoY) for FY 2025.
Revenue · FY 2025
₹73.73 Cr ▼ 26%
Net profit · FY 2025
₹2.42 Cr margin 3.3%
EBITDA · FY 2025
₹7.28 Cr margin 9.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 26%
3 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▲ 216%
3 years · compounded
▲ 32%
5 years · compounded
▲ 87%
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Technovaa Plastic Industries Private Limited, buy the company report.
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.
Current Directors
| 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 |
Auditor
Technovaa Plastic Industries Private Limited is audited by Khicha & Prabu Kesavan for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Khicha & Prabu Kesavan | FY 2022 | 050108S |
Shareholding
The shareholding of Technovaa Plastic Industries Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | 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 Technovaa Plastic Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹48.59 Cr
Satisfied charges
₹227.24 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Mar 2021 | 100437125 | The Hongkong and Shanghai Banking Corporation Limited | ₹48.59 Cr | Open | |
| 13 Apr 2012 | 10353726 | Bank of Baroda | ₹113.62 Cr | Satisfied | |
| 28 Mar 2012 | 10346460 | Bank of Baroda | ₹113.62 Cr | Satisfied |
To see the full charge records of Technovaa Plastic Industries Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Technovaa Plastic Industries Private Limited has 57 court cases on record: 17 filed by Technovaa Plastic Industries, 40 filed against it. 6 cases are pending and 51 are disposed.
Total cases
57
Filed by the company
17
Filed against the company
40
Pending
6
Disposed
51
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 30 | 2 |
| High courts | 13 | 1 | 0 |
| Supreme Court | 6 | 6 | 4 |
| NCLAT | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 57)
| 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 Pvt. Ltd., Through Tejas Shah | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Hiren H.Shah Authorised Signatory of Anand Tradelink Pvt.Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Overseas Polymers Pvt Ltd | Disposed |
To see the full case history of Technovaa Plastic Industries Private 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
Technovaa Plastic Industries Private Limited was last rated by Crisil on 15 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Sep 2020 |
To see the full credit ratings and regulatory alerts of Technovaa Plastic Industries Private Limited, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of Technovaa Plastic Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Technovaa Plastic Industries Private Limited has a workforce of 52 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
52
Active EPFO establishments
1
Employee growth
-13.33%
GST
Technovaa Plastic Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCT6868M2ZO | Gujarat | Active | 21 Jul 2020 |
To see the full GST registrations and return filing status of Technovaa Plastic Industries Private Limited, buy the company report.
Recent activity
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.
Ceased
Abhishek Jain ceased to be Director.
Appointed
Ashwin Jain was appointed as Director.
AGM
Technovaa Plastic Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Technovaa Plastic Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 48.59 Cr registered on 10 Mar 2021 with Charge ID 100437125 was modified on 02 May 2023.
Charges
A charge registered on 13 Apr 2012 via Charge ID 10353726 with Bank Of Baroda was fully satisfied on 22 Jun 2021.
Charges
A charge registered on 28 Mar 2012 via Charge ID 10346460 with Bank Of Baroda was fully satisfied on 22 Jun 2021.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 48.59 Cr with Charge ID 100437125 was registered on 10 Mar 2021.
Ceased
Abdul Hameed ceased to be Additional Director.
Ceased
Talib Hasan Darvesh ceased to be Director.
Appointed
Virendra Kumar Kankriya was appointed as Director.
Ceased
Ahsan Hassan Darvesh ceased to be Director.
4 earlier events are in the company report.
Frequently asked questions
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 has 2 current directors:
- Virendra Kumar Kankriya - Director
- Ashwin Jain - Director
The latest financial statements of Technovaa Plastic Industries 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 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 57 court cases on record: 17 filed by the company and 40 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.
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.
Yes, Technovaa Plastic Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-14-0001859).
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.
Technovaa Plastic Industries can be reached through the website technovaaplastic.com. Its registered office is in Mehsana, Gujarat, India.
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