About Thermoset Polyproducts (India) Pvt Ltd
Data last updated:
Thermoset Polyproducts (India) Pvt Ltd is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 03 February 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25200MH1993PTC070630. Its GSTIN is 27AAACT3268L1Z0 (Maharashtra).
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Miten Jitendra Shah and Jitendra Amritlal Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Arenja Plaza C – 302 Plot No 52 Sector 15 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614.
As per the financials filed for FY 2025, the company reported a revenue of ₹39.61 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹2.46 Cr (net margin 6.2%) and EBITDA of ₹5.8 Cr (EBITDA margin 14.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹8.76 Cr and satisfied charges of ₹1.52 Cr on record. Court records list 6 cases involving the company, including 6 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website frpmanholecover.com.
Company details
Contact details
Thermoset Polyproducts (India) Pvt Ltd's registered office is in Navi Mumbai, Maharashtra. Its website is frpmanholecover.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressArenja Plaza C – 302 Plot No 52 Sector 15 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Thermoset Polyproducts (India) Pvt Ltd, buy the company report.
- 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
Business activity
The main business activity of Thermoset Polyproducts (India) is manufacturing. In detail, this covers manufacture of rubber and plastics products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 22 | Manufacture of rubber and plastics products |
To see the full business activity and turnover split of Thermoset Polyproducts (India) Pvt Ltd, buy the company report.
Financials of Thermoset Polyproducts (India) Pvt Ltd
FY 2025 filings availableThermoset Polyproducts (India) Pvt Ltd reported revenue of ₹39.61 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 25% growth in the latest year. EBITDA rose 88% 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 |
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| EBITDA | ₹5.8 Cr | ||||
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| Net Profit (PAT) | ₹2.46 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 14.6% | ||||
| Net Profit Margin | 6.2% | ||||
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To see the full financial statements and ratios of Thermoset Polyproducts (India) Pvt Ltd, buy the company report.
Board of directors of Thermoset Polyproducts (India) Pvt Ltd
Thermoset Polyproducts (India) has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Miten Jitendra Shah Also directs: Artiwood Private Limited, Thermoset Artiwood Private Limited | Director | 03 Feb 1993 | 33 Years 8 Months | Current |
| Jitendra Amritlal Shah Also directs: Thermoset Artiwood Private Limited | Director | 03 Feb 1993 | 33 Years 8 Months | Current |
Auditor
Thermoset Polyproducts (India) Pvt Ltd is audited by Vijay Sawant & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vijay Sawant & Co. | FY 2023 | 148409W |
Shareholding
The shareholding of Thermoset Polyproducts (India) Pvt Ltd 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thermoset Polyproducts (India) Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Apr 2025 | 101091639 | Others | ₹1.03 Cr | Open | |
| 24 Mar 2021 | 100441641 | Others | ₹1.5 Cr | Open | |
| 20 Aug 2016 | 100052442 | Others | ₹1.3 Cr | Open | |
| 26 Dec 2005 | 90230109 | Bank of Maharashtra | ₹4.7 Cr | Open | |
| 19 Mar 2004 | 90145041 | The Saraswat Co-Operative Bank Limited | ₹6 Lakh | Open |
To see the full charge records of Thermoset Polyproducts (India) Pvt Ltd, buy the company report.
Total charge records: 9 View all charges
Legal cases
Thermoset Polyproducts (India) Pvt Ltd has 6 court cases on record: 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 0 |
Cases on record (2 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Goa, Goa | Original application | Filed against the company by Goa Glass Fibre Ltd | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Reichhold India Pvt.Ltd., | Disposed |
To see the full case history of Thermoset Polyproducts (India) 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.
Credit ratings & regulatory alerts
Thermoset Polyproducts (India) Pvt Ltd was last rated by Icra on 24 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 24 Dec 2021 |
To see the full credit ratings and regulatory alerts of Thermoset Polyproducts (India) Pvt Ltd, buy the company report.
MSME payment delays
Thermoset Polyproducts (India) Pvt Ltd has 6 MSME Form 1 returns on record between 2019 and 2020, listing 8 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kennis Global Solutions LLP |
To see the full MSME payment records of Thermoset Polyproducts (India) Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Thermoset Polyproducts (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT3268L1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thermoset Polyproducts (India) Pvt Ltd, buy the company report.
Recent activity
Thermoset Polyproducts (India) Pvt Ltd has 3 board changes on record since 1993: 2 appointments and 1 cessation. The latest: Atul Jitendra Shah ceased to be Director on 15 Sep 2016.
5 earlier events are in the company report.
Frequently asked questions
Thermoset Polyproducts (India) is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 03 February 1993 (33+ years old) and is registered under CIN U25200MH1993PTC070630.
Thermoset Polyproducts (India) has 2 current directors:
- Miten Jitendra Shah - Director
- Jitendra Amritlal Shah - Director
The latest financial statements of Thermoset Polyproducts (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Thermoset Polyproducts (India) is 27AAACT3268L1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Thermoset Polyproducts (India) is U25200MH1993PTC070630. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermoset Polyproducts (India) has 6 court cases on record: 6 filed against it.
Thermoset Polyproducts (India) was incorporated on 03 February 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Atul Jitendra Shah ceased to be Director on 15 Sep 2016. Jitendra Amritlal Shah was appointed as Director on 03 Feb 1993. Miten Jitendra Shah was appointed as Director on 03 Feb 1993.
Thermoset Polyproducts (India) has 6 MSME Form 1 returns on record between 2019 and 2020, listing 8 overdue payments to 1 micro and small supplier. The latest return was filed on 31 Oct 2020.
Thermoset Polyproducts (India) can be reached through the website frpmanholecover.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Thermoset Polyproducts (India) is at Arenja Plaza C – 302 Plot No 52 Sector 15 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614.
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