Zen Plastics Private Limited
About Zen Plastics Private Limited
Data last updated:
Zen Plastics Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 08 September 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1992PTC068453.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.87 Cr. It was formerly known as Tipco Polymers Limited and Tipco Polymers Private Limited. It is led by directors Dinesh Thakarshi Kotak and Jagadishchandra Gupta.
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 302 3rd Floor Tilak Apartments Plot 4 L.T. Nagar No Road 1 Goregaon West, Mumbai, Maharashtra, India – 400104.
As per the financials filed for FY 2018, the company reported a revenue of ₹4.2 Lakh, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹1.28 Lakh (net margin -30.4%) and EBITDA of -₹1.07 Lakh (EBITDA margin -25.4%).
As per MCA filings, the company has satisfied charges of ₹5.17 Cr on record. Court records list 4 cases involving the company, including 4 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Name history
Zen Plastics has undergone 2 name changes throughout its history. The company was previously known as Tipco Polymers Limited, and Tipco Polymers Private Limited. The current legal name is Zen Plastics Private Limited.
| Company Name | Status |
|---|---|
| Zen Plastics Private Limited | Current |
| Tipco Polymers Limited | Previous |
| Tipco Polymers Private Limited | Previous |
Contact details
Zen Plastics Private Limited's registered office is in Mumbai, Maharashtra.
- Registered Address302 3rd Floor Tilak Apartments Plot 4 L.T. Nagar No Road 1 Goregaon West, Mumbai, Maharashtra, India – 400104
- IndustryManufacturing, Plastic & Resins
- 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
Financials of Zen Plastics Private Limited
FY 2025 filings availableZen Plastics Private Limited reported revenue of ₹4.2 Lakh (down 50% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 50% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| 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 | -₹1.07 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.28 Lakh | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -25.4% | |||
| Net Profit Margin | -30.4% | |||
| 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 Zen Plastics Private Limited, buy the company report.
Board of directors of Zen Plastics Private Limited
Zen Plastics has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh Thakarshi Kotak | Director | 26 Feb 2005 | 21 Years 7 Months | Current |
| Jagadishchandra Gupta Also directs: Tipco Industries Private Limited | Director | 05 Jan 2016 | 10 Years 9 Months | Current |
Peer comparison
Zen Plastics Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Plastics and Resins), 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 |
|---|---|---|---|---|---|---|
| Rocklite Resins and Chemicals Private Limited | ₹4.67 Lakh (FY 2024) | -67.0% | Haryana, India | |||
| Nneeti Polymers Private Limited | ₹4.48 Lakh (FY 2025) | -98.0% | Karnal, Haryana, India | |||
| Vipin Polymers Private Limited | ₹4.35 Lakh (FY 2025) | 21.0% | Prashant Vihar, Delhi, India | |||
| Mitsumi Plastics Private Limited | ₹4.31 Lakh (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Zen Plastics Private Limitedthis company | ₹4.2 Lakh (FY 2018) | -₹1.28 Lakh | -30.4% | -50.0% | Mumbai, Maharashtra, India | |
| Mercury Polyfoams Private Limited | ₹4.16 Lakh (FY 2017) | -93.0% | Delhi, India | |||
| Devang Polymers Private Limited | ₹3.8 Lakh (FY 2021) | Kanpur, Uttar Pradesh, India |
To see the full peer comparison of Zen Plastics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 1995 | 80064187 | Central Bank of India | ₹1.1 Cr | Satisfied | |
| 20 Jun 1995 | 80064188 | Central Bank of India | ₹90 Lakh | Satisfied | |
| 25 Nov 1994 | 80064189 | Dena Bank | ₹3.17 Cr | Satisfied |
To see the full charge records of Zen Plastics Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Zen Plastics Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed against the company by an individual | Disposed |
| Bombay High Court | Appeal | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (SJ) | Filed against the company by an individual | Disposed |
| District court, Kolhapur, Maharashtra | Civil suit | Filed against the company by Jaykumar Patil Transports Pvt. Ltd. | Disposed |
To see the full case history of Zen 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
No delayed payments to MSME suppliers are on our record for Zen Plastics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Zen Plastics Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Zen Plastics Private Limited has 4 board changes on record since 2005: 2 appointments and 2 cessations. The latest: Jagadishchandra Gupta ceased to be Additional Director on 29 Sep 2016.
1 earlier event is in the company report.
Frequently asked questions
Zen Plastics is an active private limited company based in Mumbai, Maharashtra, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 08 September 1992 (34+ years old) and is registered under CIN U99999MH1992PTC068453.
Zen Plastics has 2 current directors:
- Dinesh Thakarshi Kotak - Director
- Jagadishchandra Gupta - Director
The latest financial statements of Zen 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 CIN (Corporate Identification Number) of Zen Plastics is U99999MH1992PTC068453. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zen Plastics has 4 court cases on record: 4 filed against it. Most are in the high courts.
Zen Plastics was incorporated on 08 September 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Zen Plastics by revenue are Rocklite Resins and Chemicals Private Limited, Nneeti Polymers Private Limited, Vipin Polymers Private Limited, Mitsumi Plastics Private Limited, Mercury Polyfoams Private Limited and 1 more, all in the Manufacturing industry (Plastics and Resins), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Jagadishchandra Gupta ceased to be Additional Director on 29 Sep 2016. Bimalchandra Mansukhlal Thakkar ceased to be Director on 05 Jan 2016. Jagadishchandra Gupta was appointed as Director on 05 Jan 2016. Zen Plastics has 4 board changes on record in total.
The registered office of Zen Plastics is at 302 3rd Floor Tilak Apartments Plot 4 L.T. Nagar No Road 1 Goregaon West, Mumbai, Maharashtra, India – 400104.
Zen Plastics operates in the manufacturing industry, in the plastic and resins segment.
Zen Plastics has no open charges and satisfied charges of ₹5.17 Cr as per latest MCA filings.