About Veer Plastics Private Limited
Data last updated:
Veer Plastics Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 10 April 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25200GJ1985PTC007777. Its GSTIN is 24AAACV6291P1ZR (Gujarat). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹26.58 Cr and a paid-up capital of ₹22.63 Cr. It is led by directors including Sukhbirsingh Ajaibsingh Arora and Karanjeevsingh Sukhbirsingh Arora.
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 104 Sardar Patel Colony 1st Floor Stadium Road Post Navjivan, Ahmedabad, Gujarat, India – 380014.
As per the financials filed for FY 2024, the company reported a revenue of ₹739.76 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹24.51 Cr (net margin 3.3%) and EBITDA of ₹73.98 Cr (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 7% over five years.
The company has about 68 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Veerkisaan and Veer Plastics. As per MCA filings, the company has open charges of ₹366.46 Cr and satisfied charges of ₹275.64 Cr on record. Court records list 13 cases involving the company, including 8 filed by the company and 5 filed against it; 3 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 veerplastics.com.
Company details
Contact details
Veer Plastics Private Limited's registered office is in Ahmedabad, Gujarat. Its website is veerplastics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address104 Sardar Patel Colony 1st Floor Stadium Road Post Navjivan, Ahmedabad, Gujarat, India – 380014
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Veer Plastics Private Limited, 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
Brands
Veer Plastics operates two associated brands: Veerkisaan and Veer Plastics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces innovative agricultural products with lower carbon footprint for Indian farmers. | veerkisaan.com | |
| Manufactures polyolefin products for packaging, civil engineering, and woven coatings globally. | veerplastics.com |
Business activity
The main business activity of Veer Plastics 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 Veer Plastics Private Limited, buy the company report.
Financials of Veer Plastics Private Limited
FY 2025 filings availableVeer Plastics Private Limited reported revenue of ₹739.76 Cr (down 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA rose 37% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹739.76 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹73.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹24.51 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10% | ||||
| 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 Veer Plastics Private Limited, buy the company report.
Board of directors of Veer Plastics Private Limited
Veer Plastics has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sukhbirsingh Ajaibsingh Arora Also directs: Jeev Industries Private Limited | Director | 01 Oct 2013 | 13 Years 0 Months | Current |
| Karanjeevsingh Sukhbirsingh Arora | Director | 26 Nov 2015 | 10 Years 10 Months | Current |
| Surender Keshrichand Choudhary | Director | 20 Sep 2004 | 22 Years 1 Months | Current |
| Jasleenkaur Kanwarbirsingh Arora Also directs: Mehr Techpack LLP, Mehr Corporations LLP | Director | 01 May 2011 | 15 Years 5 Months | Current |
| Harjeev Singh Arora | Director | 25 Sep 2003 | 23 Years 1 Months | Current |
| Kanwarbirsingh Ajaibsingh Arora | Director | 10 Apr 1985 | 41 Years 6 Months | Current |
Peer comparison
Veer Plastics Private Limited is compared with the 4 companies closest to it by revenue in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fastrack Dealcomm Private Limited | ₹913.78 Cr (FY 2025) | 32.0% | New Delhi, Delhi, India | |||
| Knack Packaging Limited | ₹747.38 Cr (FY 2025) | 13.0% | Ahmedabad, Gujarat, India | |||
| Veer Plastics Private Limitedthis company | ₹739.76 Cr (FY 2024) | ₹24.51 Cr | 3.3% | -10.0% | 68 | Ahmedabad, Gujarat, India |
| Klene Paks Limited | ₹717.37 Cr (FY 2025) | 8.0% | Bangalore, Karnataka, India | |||
| Kanpur Plastipack Limited | ₹643.12 Cr (FY 2025) | 26.0% | Dada Nagar, Uttar Pradesh, India |
To see the full peer comparison of Veer Plastics Private Limited, buy the company report.
Auditor
Veer Plastics Private Limited is audited by SHAH & SHAH ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH & SHAH ASSOCIATES | FY 2024 | 113742W |
Shareholding
The shareholding of Veer Plastics Private Limited 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Veer Plastics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2025 | 101145593 | Others | ₹1.16 Cr | Open | |
| 17 Mar 2025 | 101070109 | Standard Chartered Bank | ₹15 Cr | Open | |
| 27 Feb 2025 | 101055512 | Hdfc Bank Limited | ₹14.5 Lakh | Open | |
| 21 Jan 2025 | 101034530 | Others | ₹33.42 Cr | Open | |
| 19 Oct 2024 | 100996602 | Hdfc Bank Limited | ₹31.08 Lakh | Open |
To see the full charge records of Veer Plastics Private Limited, buy the company report.
Total charge records: 41 View all charges
Legal cases
Veer Plastics Private Limited has 13 court cases on record: 8 filed by Veer Plastics, 5 filed against it. 3 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 1 | 2 |
| District courts | 4 | 3 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Ahmedabad and 1 other | Pending |
| District court, Solan, Himachal Pradesh | Cheque dishonour complaint | Filed by the company against Rama Krishna Overseas (P) Ltd. and 1 other | Disposed |
| District court, Solan, Himachal Pradesh | Court case (Local And Special Laws Act) | Filed against the company | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 2 others | Pending |
| High Court, HIMACHAL PRADESH | Interim or miscellaneous application | Filed by the company against Hpseb Ltd and Ors(Not Applicable) | Disposed |
To see the full case history of Veer Plastics 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.
MSME payment delays
Veer Plastics Private Limited has 4 MSME Form 1 returns on record between 2019 and 2020, listing 70 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 |
|---|---|---|---|
| The Engravures | |||
| an individual supplier | |||
| Classic Gravure Private Limited | |||
| an individual supplier | |||
| Polyrich Industries |
To see the full MSME payment records of Veer Plastics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Veer Plastics has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|
Employees & EPFO
Veer Plastics Private Limited has a workforce of 68 employees on its EPFO records as of Nov 26, 2024, across 4 active EPFO establishments.
GST
Veer Plastics has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACV6291P1ZR | Gujarat | Active | 01 Jul 2017 |
| 02AAACV6291P1ZX | Himachal Pradesh | Active | 01 Jul 2017 |
| 26AAACV6291P1ZN | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Veer Plastics Private Limited, buy the company report.
Recent activity
Veer Plastics Private Limited has 7 board changes on record since 1985: 6 appointments and 1 cessation. The latest: Karanjeevsingh Sukhbirsingh Arora was appointed as Director on 26 Nov 2015.
77 earlier events are in the company report.
Frequently asked questions
Veer Plastics is an active private limited company based in Ahmedabad, Gujarat, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 10 April 1985 (41+ years old) and is registered under CIN U25200GJ1985PTC007777.
Veer Plastics has 6 current directors:
- Sukhbirsingh Ajaibsingh Arora - Director
- Karanjeevsingh Sukhbirsingh Arora - Director
- Surender Keshrichand Choudhary - Director
- Jasleenkaur Kanwarbirsingh Arora - Director
- Harjeev Singh Arora - Director
- Kanwarbirsingh Ajaibsingh Arora - Director
The latest financial statements of Veer Plastics 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 Veer Plastics is 24AAACV6291P1ZR, registered in Gujarat. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 02AAACV6291P1ZX (Himachal Pradesh), 26AAACV6291P1ZN (Dadra and Nagar Haveli and Daman and Diu).
The CIN (Corporate Identification Number) of Veer Plastics is U25200GJ1985PTC007777. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veer Plastics has 13 court cases on record: 8 filed by the company and 5 filed against it. 3 are pending. Most are in the high courts.
Veer Plastics was incorporated on 10 April 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Veer Plastics by revenue are Fastrack Dealcomm Private Limited, Knack Packaging Limited, Klene Paks Limited, Kanpur Plastipack Limited, all in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Karanjeevsingh Sukhbirsingh Arora was appointed as Director on 26 Nov 2015. Laxmiprasad Jayshanker Dave ceased to be Director on 28 Aug 2015. Sukhbirsingh Ajaibsingh Arora was appointed as Director on 01 Oct 2013. Veer Plastics has 7 board changes on record in total.
Veer Plastics has 4 MSME Form 1 returns on record between 2019 and 2020, listing 70 overdue payments to 12 micro and small suppliers. The latest return was filed on 09 Jan 2021.
Veer Plastics can be reached through the website veerplastics.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Veer Plastics is at 104 Sardar Patel Colony 1st Floor Stadium Road Post Navjivan, Ahmedabad, Gujarat, India – 380014.