About Varsa Plastic Industries Private Limited
Data last updated:
Varsa Plastic Industries Private Limited is a private limited company based in Aurangabad, Maharashtra, India. It operates in the personal care and skincare products segment of the FMCG sector. It was incorporated on 01 November 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25200MH2002PTC137777. Its GSTIN is 27AABCV6662P1ZL (Maharashtra). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.8 Cr. It is led by directors including Sachin Ramesh Vaidya (Managing Director) and Ramesh Sakharam Vaidya.
Its last annual general meeting (AGM) was held on 14 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at M – 105/2/3/4 MIDC Waluj, Aurangabad, Maharashtra, India – 431133.
As per the financials filed for FY 2025, the company reported a revenue of ₹332.95 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹5.54 Cr (net margin 1.7%) and EBITDA of ₹23.97 Cr (EBITDA margin 7.2%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 4% over five years.
The company has about 44 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹162.93 Cr and satisfied charges of ₹106.49 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹4.5 Cr; the latest was in March 2014. Its 10 peer companies in the FMCG industry (Personal Care and Skin Care, Plastic Based Products) are compared by revenue, 5 larger and 5 smaller; the largest is MG Polyplast Industries Private Limited. The company has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 50 overdue payments to 50 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 vaidyagroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressM – 105/2/3/4 MIDC Waluj, Aurangabad, Maharashtra, India – 431133
- IndustryFMCG, Personal Care & Skincare Products
- 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 Varsa Plastic Industries Private Limited
The main business activity of Varsa 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 Varsa Plastic Industries Private Limited FY 2025 filings available
Varsa Plastic Industries Private Limited reported revenue of ₹332.95 Cr (up 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Varsa Plastic Industries Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 26% growth in the latest year. EBITDA rose 46% 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 Varsa 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 | ₹23.97 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.54 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 Varsa Plastic Industries Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.7% | •••• | •••• | •••• | •••• |
| 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 Varsa 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 Varsa Plastic Industries Private Limited
Varsa Plastic Industries Private Limited is compared with the companies closest to it by revenue in the FMCG industry (Personal Care and Skin Care, Plastic Based Products). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| MG Polyplast Industries Private Limited | •••• | •••• | •••• | •••• | 104 | Delhi, India |
| Harishree Polymers Private Limited | •••• | •••• | •••• | •••• | - | Mangalore, Karnataka, India |
| G.D. Pharmaceuticals Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Jainarain Fabtech Limited | •••• | •••• | •••• | •••• | 16 | Meerut, Uttar Pradesh, India |
| Sunrakshak Agro Products Private Limited | •••• | •••• | •••• | •••• | - | Bhilwara, Rajasthan, India |
| Varsa Plastic Industries Private Limited this company | •••• | •••• | •••• | •••• | - | Aurangabad, Maharashtra, India |
| Mitsu Chem Plast Limited Listed | •••• | •••• | •••• | •••• | 341 | Mumbai, Maharashtra, India |
| Prestige Pursuits Private Limited | •••• | •••• | •••• | •••• | 26 | New Delhi, Delhi, India |
| Tara Tradelink Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Kiranakart Wholesale Private Limited | •••• | •••• | •••• | •••• | 466 | Bangalore South, Karnataka, India |
| Laser Shaving (India) Private Limited | •••• | •••• | •••• | •••• | 346 | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Varsa Plastic Industries by revenue in the FMCG industry (Personal Care and Skin Care, Plastic Based Products), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Varsa Plastic Industries Private Limited
Varsa Plastic Industries Private Limited is audited by VAIBHAV JOSHI & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VAIBHAV JOSHI & CO | 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 Varsa Plastic Industries Private Limited
Varsa Plastic Industries has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Sakharam Vaidya Also directs: Precision Plastic Engineering Private Limited, Shubhra Plastics Private Limited, Yash Precision Plastics Private Limited and 2 more | Director | 01 Nov 2002 | 23 Years 11 Months | Current |
| Sachin Ramesh Vaidya Also directs: Precision Plastic Engineering Private Limited, Shubhra Plastics Private Limited, Yash Precision Plastics Private Limited and 2 more | Managing Director | 01 Nov 2002 | 23 Years 11 Months | Current |
| Smita Ramesh Vaidya Also directs: Precision Plastic Engineering Private Limited, Shubhra Plastics Private Limited, Yash Precision Plastics Private Limited and 2 more | Director | 01 Nov 2002 | 23 Years 11 Months | Current |
Ownership and Shareholding of Varsa 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 Varsa Plastic Industries Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Oct 2024 | Hdfc Bank Limited | ₹4.5 Cr | Open |
| 22 May 2024 | Others | ₹15 Cr | Open |
| 22 May 2024 | Others | ₹13 Cr | Open |
| 16 Jan 2019 | Hdfc Bank Limited | ₹72.36 Cr | Open |
| 07 Dec 2015 | Others | ₹58.07 Cr | Open |
Total charge records: 33 View all charges
Deals & Funding of Varsa Plastic Industries Private Limited
Varsa Plastic Industries Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹4.5 Cr; the latest was in March 2014.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹2.48 Cr | Investors: 3 individuals |
| Oct 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Sep 2012 | Funding round | ₹50 Lakh | Investors: 3 individuals |
| Mar 2008 | Funding round | ₹1.52 Cr | Investors: Vision Plastic Industries Private Limited |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Varsa Plastic Industries Private Limited
Varsa Plastic Industries Private Limited has 5 court cases on record: 2 filed by Varsa Plastic Industries, 3 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 0 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Union of India | Disposed |
| District court, Sabarkantha at Himmatnagar, Gujarat | Civil suit | Filed against the company by an individual | Disposed |
| Bombay High Court | Appeal | Filed against the company by Commissioner of Customs, Central Excise and Service Tax, Aurangabad | Disposed |
| District court, Aurangabad, Maharashtra | Civil suit | Filed by the company against Sri Devaraja Agro Industries | Disposed |
| Bombay High Court | Appeal | Filed against the company by Commissioner of Central Excise and Customs | Disposed |
Full case history
All 5 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 Varsa Plastic Industries Private Limited
Varsa Plastic Industries Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 50 overdue payments to 50 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 50)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Diemand Tool | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Kamal Gas Agency | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 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.
Employees and EPFO Compliance at Varsa Plastic Industries Private Limited
Varsa Plastic Industries Private Limited has a workforce of 44 employees as of Apr 06, 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.
Recent Activity on Varsa Plastic Industries Private Limited
Varsa Plastic Industries Private Limited has 4 board changes on record since 2002: 3 appointments and 1 cessation. The latest: Sachin Ramesh Vaidya ceased to be Director on 21 Mar 2014.
65 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Varsa 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 Varsa 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 Varsa Plastic Industries Private Limited
Varsa Plastic Industries has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV6662P1ZL | Maharashtra | Active | 01 Jul 2017 |
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 Varsa 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 Varsa Plastic Industries Private Limited
Varsa Plastic Industries is an active private limited company based in Aurangabad, Maharashtra, India. The company works in personal care and skincare products, within the FMCG industry. It was incorporated on 01 November 2002 (24+ years old) and is registered under CIN U25200MH2002PTC137777.
Varsa Plastic Industries reported revenue of ₹332.95 Cr for FY 2025 (up 26% YoY).
Varsa Plastic Industries has 3 current directors:
- Sachin Ramesh Vaidya - Managing Director
- Ramesh Sakharam Vaidya - Director
- Smita Ramesh Vaidya - Director
Varsa Plastic Industries reported a net profit of ₹5.54 Cr (net margin 1.7%) and EBITDA of ₹23.97 Cr (EBITDA margin 7.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varsa Plastic Industries is 1% over three years and 4% over five years. In the latest year (FY 2025) revenue rose 26%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Varsa Plastic Industries is 27AABCV6662P1ZL, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Varsa Plastic Industries is U25200MH2002PTC137777. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varsa Plastic Industries has 5 court cases on record: 2 filed by the company and 3 filed against it. Most are in the high courts.
Varsa Plastic Industries was incorporated on 01 November 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
Varsa Plastic Industries has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹4.5 Cr; the latest was in March 2014.
The peers of Varsa Plastic Industries by revenue are MG Polyplast Industries Private Limited, Harishree Polymers Private Limited, G.D. Pharmaceuticals Private Limited, Jainarain Fabtech Limited, Sunrakshak Agro Products Private Limited and 5 more, all in the FMCG industry (Personal Care and Skin Care, Plastic Based Products).
Sachin Ramesh Vaidya ceased to be Director on 21 Mar 2014. Ramesh Sakharam Vaidya was appointed as Director on 01 Nov 2002. Sachin Ramesh Vaidya was appointed as Managing Director on 01 Nov 2002. Varsa Plastic Industries has 4 board changes on record in total.