MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-09-0008820
Virtue Plast Private Limited - manufacturing in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹17.9 Cr
▲ 16% YoY
Net loss · FY 2024
₹2.69 Cr
Net margin -15%
EBITDA · FY 2024
-₹93.92 Lakh
EBITDA margin -5.2%
Authorised capital
₹1.05 Cr
Registered with MCA
Paid-up capital
₹1.05 Cr
Issued & subscribed
Open charges
₹5.62 Cr
Satisfied ₹2 Cr
Company age
11 yrs
Est. 2015
Directors on board
5
As per MCA filings
About Virtue Plast Private Limited
Data last updated:
Virtue Plast Private Limited 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 27 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25206MH2015PTC267825. Its GSTIN is 24AAFCV2015C1ZZ (Gujarat).
The company has an authorised share capital of ₹1.05 Cr and a paid-up capital of ₹1.05 Cr. It is led by directors including Sanjay Pratap Shiv Mohan Singh and Bhavesh 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 Office No. 1601 16th Floor Kesar Solitaire Plot No.5 Sector 19 Sanpada, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.9 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹2.69 Cr (net margin -15%) and EBITDA of -₹93.92 Lakh (EBITDA margin -5.2%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 48% over five years.
As per MCA filings, the company has open charges of ₹5.62 Cr and satisfied charges of ₹2 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Virtue Plast Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0008820). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website virtueplast.in.
Company details
CIN U25206MH2015PTC267825
Registration Number 267825
Incorporation Date 27 August 2015
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-09-0008820
Recognitions & Rankings of Virtue Plast
Contact details
Virtue Plast Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is virtueplast.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No. 1601 16th Floor Kesar Solitaire Plot No.5 Sector 19 Sanpada, Navi Mumbai, Maharashtra, India – 400705
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Virtue Plast Private Limited, buy the company report.
Comprehensive company report
Virtue Plast 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
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Business activity
The main business activity of Virtue Plast 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 Virtue Plast Private Limited, buy the company report.
Financials of Virtue Plast Private Limited
FY 2025 filings availableVirtue Plast Private Limited reported revenue of ₹17.9 Cr (up 16% YoY) for FY 2024.
Revenue · FY 2024
₹17.9 Cr ▲ 16%
Net loss · FY 2024
₹2.69 Cr margin -15%
EBITDA · FY 2024
-₹93.92 Lakh margin -5.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 29%
5 years · compounded
▲ 48%
EBITDA CAGR growth
1 year
▼ 556%
3 years · compounded
▼ 93%
5 years · compounded
▼ 9%
Revenue has grown at a compounded annual rate (CAGR) of 48% over five years, including 16% growth in the latest year. EBITDA fell 556% 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹93.92 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.69 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5.2% | ||||
| Net Profit Margin | -15% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Virtue Plast Private Limited, buy the company report.
Board of directors of Virtue Plast Private Limited
Virtue Plast has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Pratap Shiv Mohan Singh Also directs: Positiveplus Packaging Solution LLP, Aqualife Beverages Private Limited, Liferich Beverages Private Limited and 1 more | Director | 27 Aug 2015 | 11 Years 2 Months | Current |
| Bhavesh Shah | Director | 27 Aug 2015 | 11 Years 2 Months | Current |
| Sunil Kumar Singh Also directs: Positiveplus Packaging Solution LLP, Aqualife Beverages Private Limited, Liferich Beverages Private Limited and 1 more | Director | 27 Aug 2015 | 11 Years 2 Months | Current |
| Bhadresh Rajesh Shah Also directs: Today Prachar Developers LLP, Amodh Builtcon LLP, Today Housing Project LLP and 5 more | Director | 27 Aug 2015 | 11 Years 2 Months | Current |
| Rajesh Shah Also directs: Today Prachar Developers LLP, Lifestone Estates LLP, Today Global Homes LLP and 1 more | Director | 27 Aug 2015 | 11 Years 2 Months | Current |
Peer comparison
Virtue Plast Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Plastic Based 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 |
|---|---|---|---|---|---|---|
| Sanidhya Polytech Private Limited | ₹18.02 Cr (FY 2025) | 44.0% | Rajkot, Gujarat, India | |||
| Aadi Polyextrusion & Moulding Private Limited | ₹18 Cr (FY 2024) | 15.0% | Cuttack, Odisha, India | |||
| Family Plastic Private Limited | ₹17.91 Cr (FY 2025) | 7.0% | Thiruvananthapuram, Kerala, India | |||
| Virtue Plast Private Limitedthis company | ₹17.9 Cr (FY 2024) | -₹2.69 Cr | -15% | 16.0% | Navi Mumbai, Maharashtra, India | |
| Mahishmati Plastics Private Limited | ₹17.89 Cr (FY 2024) | 5.0% | Nimrani, Madhya Pradesh, India | |||
| Plenty Plastics Private Limited | ₹17.89 Cr (FY 2025) | 17.0% | Mumbai, Maharashtra, India | |||
| A H Plastics Private Limited | ₹17.8 Cr (FY 2024) | -14.0% | Hardwar, Uttarakhand, India | |||
| BKG Automotive Private Limited | ₹17.75 Cr (FY 2024) | -1.0% | New Delhi, Delhi, India |
To see the full peer comparison of Virtue Plast Private Limited, buy the company report.
Auditor
Virtue Plast Private Limited is audited by HSVJ & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HSVJ & CO | FY 2023 | 145729W |
Shareholding
The shareholding of Virtue Plast 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 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 Virtue Plast Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.62 Cr
Satisfied charges
₹2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2023 | 100806411 | Others | ₹1.78 Cr | Open | |
| 19 Aug 2023 | 100777025 | Yes Bank Limited | ₹3.84 Cr | Open | |
| 06 May 2019 | 100264037 | Others | ₹2 Cr | Satisfied |
To see the full charge records of Virtue Plast Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Virtue Plast Private Limited has 1 court case on record: 1 filed by Virtue Plast. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Sdam General Trading Pvt Ltd | Pending |
To see the full case history of Virtue Plast 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
No delayed payments to MSME suppliers are on our record for Virtue Plast Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Virtue Plast has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCV2015C1ZZ | Gujarat | Active | 22 May 2018 |
To see the full GST registrations and return filing status of Virtue Plast Private Limited, buy the company report.
Recent activity
Virtue Plast Private Limited has 8 board changes on record since 2015: 5 appointments and 3 cessations. The latest: Mona Bhadresh Shah ceased to be Director on 15 May 2018.
AGM
Virtue Plast Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Virtue Plast Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 1.78 Cr with Charge ID 100806411 was registered on 28 Oct 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 3.84 Cr with Charge ID 100777025 was registered on 19 Aug 2023.
Charges
A charge registered on 06 May 2019 via Charge ID 100264037 with Others was fully satisfied on 13 Oct 2021.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100264037 was registered on 06 May 2019.
Ceased
Mona Bhadresh Shah ceased to be Director.
Ceased
Pranali Shah ceased to be Director.
Ceased
Vimla Shah ceased to be Director.
Appointed
Bhadresh Rajesh Shah was appointed as Director.
Appointed
Bhavesh Shah was appointed as Director.
Appointed
Rajesh Shah was appointed as Director.
3 earlier events are in the company report.
Frequently asked questions
Virtue Plast 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 27 August 2015 (11+ years old) and is registered under CIN U25206MH2015PTC267825.
Virtue Plast has 5 current directors:
- Sanjay Pratap Shiv Mohan Singh - Director
- Bhavesh Shah - Director
- Sunil Kumar Singh - Director
- Bhadresh Rajesh Shah - Director
- Rajesh Shah - Director
The latest financial statements of Virtue Plast 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 FY 2016 are in the company report.
The GSTIN of Virtue Plast is 24AAFCV2015C1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Virtue Plast is U25206MH2015PTC267825. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virtue Plast has 1 court case on record: 1 filed by the company. 1 is pending.
Virtue Plast was incorporated on 27 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Virtue Plast by revenue are Sanidhya Polytech Private Limited, Aadi Polyextrusion & Moulding Private Limited, Family Plastic Private Limited, Mahishmati Plastics Private Limited, Plenty Plastics Private Limited and 2 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Mona Bhadresh Shah ceased to be Director on 15 May 2018. Pranali Shah ceased to be Director on 15 May 2018. Vimla Shah ceased to be Director on 15 May 2018. Virtue Plast has 8 board changes on record in total.
Yes, Virtue Plast is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-09-0008820).
Virtue Plast can be reached through the website virtueplast.in. Its registered office is in Navi Mumbai, Maharashtra, India.
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