About Vasudev Polyplast Private Limited
Data last updated:
Vasudev Polyplast Private Limited is a private limited company based in Bhavnagar, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 06 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25190GJ2020PTC112545. Its GSTIN is 24AAHCV3034F1ZM (Gujarat).
The company has an authorised share capital of ₹3.8 Cr and a paid-up capital of ₹3.7 Cr. It is led by directors including Ajaysinh Vashudevsinh Chudasama and Vishnu Trimbak Balte.
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 Pl.No.59 Rupali Society Talaja Road, Bhavnagar, Gujarat, India – 364002.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.11 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹3.09 Cr (net margin 10.3%) and EBITDA of ₹6.42 Cr (EBITDA margin 21.3%). Revenue has grown at a compounded annual rate (CAGR) of 245% over three years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹32.64 Cr and satisfied charges of ₹10.33 Cr on record. The company has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in March 2021. Its 10 peer companies in the Manufacturing industry (Plastic Based Products) are compared by revenue, 5 larger and 5 smaller; the largest is Gujarat Raffia Industries Limited with revenue of ₹30.57 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 6 overdue payments to 6 micro and small suppliers.
For more details, the company can be reached via its website vnets.in.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPl.No.59 Rupali Society Talaja Road, Bhavnagar, Gujarat, India – 364002
- IndustryManufacturing, Plastic-Based 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 Vasudev Polyplast Private Limited
The main business activity of Vasudev Polyplast 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 Vasudev Polyplast Private Limited FY 2025 filings available
Vasudev Polyplast Private Limited reported revenue of ₹30.11 Cr (up 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Vasudev Polyplast Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 245% over three years, including 44% growth in the latest year. EBITDA rose 18% 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 Vasudev Polyplast 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 | ₹6.42 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.09 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 Vasudev Polyplast Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.3% | •••• | •••• | •••• | •••• |
| 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 Vasudev Polyplast are in the company report.
Financial statements from FY 2020
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 Vasudev Polyplast Private Limited
Vasudev Polyplast Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Plastic Based Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gujarat Raffia Industries Limited Listed | ₹30.57 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Gandhinagar, Gujarat, India |
| Kdi Plastotech Private Limited | ₹30.46 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Delhi, India |
| Sonysales Packaging India Private Limited | ₹30.42 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Bhiwadi, Rajasthan, India |
| Ruptex Mineral Water Private Limited | ₹30.26 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Goverdhan Polygran Private Limited | ₹30.2 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Delhi, India |
| Vasudev Polyplast Private Limited this company | ₹30.11 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Bhavnagar, Gujarat, India |
| Acpl Industries Private Limited | ₹30.11 Cr (FY 2025) | •••• | •••• | 193.0% | •••• | Kolkata, West Bengal, India |
| Aditya Polytechnic Private Limited | ₹29.74 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Patna, Bihar, India |
| Suubhang Capsas Private Limited | ₹29.74 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Silvassa, Dadra and Nagar Haveli, India |
| Popular Card Technology Private Limited | ₹29.64 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Delhi, India |
| Hardika Enterprises Private Limited | ₹29.62 Cr (FY 2022) | •••• | •••• | -6.0% | •••• | Greater Noida, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Vasudev Polyplast by revenue in the Manufacturing industry (Plastic Based Products), 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 Vasudev Polyplast Private Limited
Vasudev Polyplast Private Limited is audited by B. R. POPAT & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B. R. POPAT & 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 Vasudev Polyplast Private Limited
Vasudev Polyplast has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajaysinh Vashudevsinh Chudasama | Director | 06 Feb 2020 | 6 Years 8 Months | Current |
| Vishnu Trimbak Balte | Director | 11 Dec 2020 | 5 Years 10 Months | Current |
| Vasudevsinh Hematsinh Chudasama | Director | 06 Feb 2020 | 6 Years 8 Months | Current |
Ownership and Shareholding of Vasudev Polyplast 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 Vasudev Polyplast Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Dec 2025 | Others | ₹2.47 Cr | Open |
| 29 Sep 2024 | Others | ₹29.7 Cr | Open |
| 19 Mar 2024 | Hdfc Bank Limited | ₹32.64 Lakh | Open |
| 19 Oct 2022 | Hdfc Bank Limited | ₹14 Lakh | Open |
| 30 Jul 2021 | State Bank of India | ₹10.33 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Vasudev Polyplast Private Limited
Vasudev Polyplast Private Limited has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in March 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2020 | Rights issue | ₹3.6 Cr | Investors: 4 individuals |
Full deal history
All 3 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.
MSME Payment Delays by Vasudev Polyplast Private Limited
Vasudev Polyplast Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 6 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Lotia Paints | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Jeyalesthmi Machine Works | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
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 Vasudev Polyplast Private Limited
Vasudev Polyplast Private Limited has a workforce of 17 employees as of Mar 30, 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 Vasudev Polyplast Private Limited
Vasudev Polyplast Private Limited has 7 board changes on record since 2020: 5 appointments and 2 cessations. The latest: Rimadeviba Indrajeet Chudasama ceased to be Director on 01 Feb 2023.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vasudev Polyplast 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 Vasudev Polyplast 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 Vasudev Polyplast Private Limited
Vasudev Polyplast has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCV3034F1ZM | Gujarat | Active | 21 Aug 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 Vasudev Polyplast 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 Vasudev Polyplast Private Limited
Vasudev Polyplast is an active private limited company based in Bhavnagar, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 06 February 2020 (6+ years old) and is registered under CIN U25190GJ2020PTC112545.
Vasudev Polyplast reported revenue of ₹30.11 Cr for FY 2025 (up 44% YoY).
Vasudev Polyplast has 3 current directors:
- Ajaysinh Vashudevsinh Chudasama - Director
- Vishnu Trimbak Balte - Director
- Vasudevsinh Hematsinh Chudasama - Director
Vasudev Polyplast reported a net profit of ₹3.09 Cr (net margin 10.3%) and EBITDA of ₹6.42 Cr (EBITDA margin 21.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vasudev Polyplast is 245% over three years. In the latest year (FY 2025) revenue rose 44%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vasudev Polyplast is 24AAHCV3034F1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Vasudev Polyplast is U25190GJ2020PTC112545. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vasudev Polyplast was incorporated on 06 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vasudev Polyplast has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in March 2021.
The peers of Vasudev Polyplast by revenue are Gujarat Raffia Industries Limited, Kdi Plastotech Private Limited, Sonysales Packaging India Private Limited, Ruptex Mineral Water Private Limited, Goverdhan Polygran Private Limited and 5 more, all in the Manufacturing industry (Plastic Based Products).
Rimadeviba Indrajeet Chudasama ceased to be Director on 01 Feb 2023. Manharbala Vasudev Chudasama ceased to be Director on 19 May 2021. Vishnu Trimbak Balte was appointed as Director on 11 Dec 2020. Vasudev Polyplast has 7 board changes on record in total.
Vasudev Polyplast has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 6 overdue payments to 6 micro and small suppliers. The latest return was filed on 16 Jun 2022.