DPIIT recognised startup Government of India
Startup India
VGM Plastics Private Limited
VGM Plastics Private Limited - manufacturing in Satara, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹8.92 Cr
▲ 164% YoY
Net loss · FY 2025
₹23.47 Cr
Net margin -263%
EBITDA · FY 2025
-₹22.35 Cr
EBITDA margin -250.4%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹8.03 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
About VGM Plastics Private Limited
Data last updated:
VGM Plastics Private Limited is a private limited company based in Satara, Maharashtra, India, recognised as a startup by DPIIT. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 16 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U25209PN2020PTC196879. Its GSTIN is 27AAHCV7948L1ZG (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Navinchandra Vipradas Menkar and Sourabh Narendra Menkar.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gat No. 530 Village Ahire Taluka Khandala, Satara, Maharashtra, India – 412802.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.92 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹23.47 Cr (net margin -263%) and EBITDA of -₹22.35 Cr (EBITDA margin -250.4%). Revenue has grown at a compounded annual rate (CAGR) of 292% over three years.
As per MCA filings, the company has open charges of ₹8.03 Cr on record.
VGM Plastics Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-30-0049103). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U25209PN2020PTC196879
Registration Number 196879
Incorporation Date 16 December 2020
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-30-0049103
Recognitions & Rankings of VGM Plastics
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-30-0049103
Contact details
VGM Plastics Private Limited's registered office is in Satara, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGat No. 530 Village Ahire Taluka Khandala, Satara, Maharashtra, India – 412802
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of VGM Plastics Private Limited, buy the company report.
Comprehensive company report
VGM Plastics 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of VGM Plastics 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 VGM Plastics Private Limited, buy the company report.
Financials of VGM Plastics Private Limited
FY 2025 filings availableVGM Plastics Private Limited reported revenue of ₹8.92 Cr (up 164% YoY) for FY 2025.
Revenue · FY 2025
₹8.92 Cr ▲ 164%
Net loss · FY 2025
₹23.47 Cr margin -263%
EBITDA · FY 2025
-₹22.35 Cr margin -250.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 164%
3 years · compounded
▲ 292%
EBITDA CAGR growth
3 years · compounded
▼ 655%
Revenue has grown at a compounded annual rate (CAGR) of 292% over three years, including 164% growth 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 | -₹22.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹23.47 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 | -250.4% | ||||
| Net Profit Margin | -263% | ||||
| 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 VGM Plastics Private Limited, buy the company report.
Board of directors of VGM Plastics Private Limited
VGM Plastics has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navinchandra Vipradas Menkar | Director | 23 Feb 2022 | 4 Years 8 Months | Current |
| Sourabh Narendra Menkar Also directs: Younity Lifespaces LLP | Director | 16 Jun 2022 | 4 Years 4 Months | Current |
Auditor
VGM Plastics Private Limited is audited by Mahendra Kale for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mahendra Kale | FY 2023 | 40006 |
Shareholding
The shareholding of VGM Plastics Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of VGM Plastics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.03 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Feb 2023 | 100693614 | Others | ₹3.79 Cr | Open | |
| 28 Nov 2022 | 100665949 | Tata Capital Financial Services Limited | ₹3 Cr | Open | |
| 28 Sep 2022 | 100657382 | Others | ₹1.24 Cr | Open |
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving VGM Plastics Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
VGM Plastics Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 10 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Arham Technoplast Private Limited | |||
| Uma Adhesive Private Limited | |||
| an individual supplier | |||
| Ankur Pipes Private Limited | |||
| Aztec Fluids & Machinery Limited |
To see the full MSME payment records of VGM Plastics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
VGM Plastics Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
Active EPFO establishments
1
GST
VGM Plastics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCV7948L1ZG | Maharashtra | Active | 11 Jan 2021 |
To see the full GST registrations and return filing status of VGM Plastics Private Limited, buy the company report.
Recent activity
VGM Plastics Private Limited has 6 board changes on record since 2022: 2 appointments and 4 cessations. The latest: Navinchandra Vipradas Menkar ceased to be Director Appointed In Casual Vacancy on 26 Sep 2022.
AGM
Vgm Plastics Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Vgm Plastics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Others amounted to Rs. 3.79 Cr with Charge ID 100693614 was registered on 14 Feb 2023.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 3.00 Cr with Charge ID 100665949 was registered on 28 Nov 2022.
Charges
A charge with Others amounted to Rs. 1.24 Cr with Charge ID 100657382 was registered on 28 Sep 2022.
Ceased
Navinchandra Vipradas Menkar ceased to be Director Appointed In Casual Vacancy.
Ceased
Sourabh Narendra Menkar ceased to be Additional Director.
Ceased
Amitabh Vijaykumar Menkar ceased to be Director.
Appointed
Sourabh Narendra Menkar was appointed as Director.
Appointed
Navinchandra Vipradas Menkar was appointed as Director.
Ceased
Vipradas Chandrakant Menkar ceased to be Director.
Incorporation
16 Dec 2020
Vgm Plastics Private Limited was registered on 16 Dec 2020 with Roc Pune & aged 5 years 10 months as per MCA records.
Frequently asked questions
VGM Plastics is an active private limited company based in Satara, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 16 December 2020 (6+ years old) and is registered under CIN U25209PN2020PTC196879.
VGM Plastics has 2 current directors:
- Navinchandra Vipradas Menkar - Director
- Sourabh Narendra Menkar - Director
The latest financial statements of VGM Plastics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of VGM Plastics is 27AAHCV7948L1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of VGM Plastics is U25209PN2020PTC196879. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VGM Plastics was incorporated on 16 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Pune.
Navinchandra Vipradas Menkar ceased to be Director Appointed In Casual Vacancy on 26 Sep 2022. Sourabh Narendra Menkar ceased to be Additional Director on 26 Sep 2022. Amitabh Vijaykumar Menkar ceased to be Director on 16 Jun 2022. VGM Plastics has 6 board changes on record in total.
Yes, VGM Plastics is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, VGM Plastics is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-30-0049103).
VGM Plastics has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 10 overdue payments to 5 micro and small suppliers. The latest return was filed on 29 Aug 2023.
The registered office of VGM Plastics is at Gat No. 530 Village Ahire Taluka Khandala, Satara, Maharashtra, India – 412802.