About Plastiblends India Limited

Plastiblends India Limited is a Public Limited Company with its registered office in Mumbai and manufacturing facilities located at Daman (Union Territory), Roorkee (Uttarakhand), and Palsana (Surat, Gujarat). The Company is engaged in the manufacture of masterbatches, offering an extensive product range that includes White, Black, Colour, Additive, and Polywhite (filler) masterbatches. Its in-house Research and Development (R&D) unit is recognised by the Department of Scientific & Industrial Research (DSIR). The Company serves both Indian and international markets, maintaining a strong global presence and a strategic focus on expanding export markets. The Corporate Identification Number (CIN) of the Company is L25200MH1991PLC059943.

The Company’s product portfolio is designed to impart colour, functionality, and performance to plastics across diverse applications. These masterbatches are supplied in pellet or granule form and can include UV stabilisers, flame retardants, anti-static agents, and antioxidants, enhancing production efficiency and product durability across end-use industries. All manufacturing units of Plastiblends are equipped with rooftop solar plants, an initiative aimed at optimising energy use and reducing operational costs. The Company operates as a standalone entity with no subsidiaries, associates, or joint ventures during the year.

Key Milestones of Plastiblends India Limited

Key milestones achieved by the Company include:

• Recognition as “Top Exporter of Masterbatches” at the Plastic Export Promotion Council Awards on June 7, 2024, for export excellence in FY 2021-22 and FY 2022-23.
• Regaining market share in export markets while sustaining strong operational performance internationally.
• Company-wide deployment of rooftop solar plants across all manufacturing units, reflecting a commitment to operational sustainability.

Plastiblends India Limited Business Segments and Geographic Presence

Business Segment:

• Masterbatches: The Company operates exclusively in the masterbatch segment, producing White, Black, Colour, Additive, and Polywhite (filler) masterbatches. These provide plastic manufacturers with functional, aesthetic, and performance enhancements in product applications.

Geographies Covered:

• Domestic: India operations include manufacturing facilities at Daman (UT), Roorkee (Uttarakhand), and Palsana (Surat, Gujarat), with the registered office located in Mumbai, Maharashtra.
• International: The Company maintains a strong global presence and continues to intensify its focus on expanding export markets.

Plastiblends India Limited Business Segment

Plastiblends operates in a single business segment — Masterbatches — as per its Management Discussion and Analysis. The Company manufactures and markets a comprehensive range of White, Black, Colour, Additive, and Polywhite (filler) masterbatches that impart desired properties such as colour, stability, and protection to various plastic products. Supported by a DSIR-recognised R&D centre, the Company continues to enhance innovation, product quality, and performance consistency. Both domestic and export receivables are covered by a receivable insurance policy, demonstrating a structured approach to credit risk management.

Plastiblends India Limited Key Management

• Shri Satyanarayan G. Kabra – Chairman & Managing Director
• Shri Varun S. Kabra – Vice-Chairman & Managing Director
• Shri Anand R. Mundra – Chief Financial Officer
• Shri Himanshu S. Mhatre – Company Secretary

Latest Updates on Plastiblends India Limited

• Product and market momentum: Continued innovation in product development supported market share recovery in exports, reinforcing the Company’s global growth strategy.
• Operational efficiency: Rooftop solar installations across all units optimised energy consumption and reduced operational costs, with further capacity augmentation under review.
• Financial position: The Company maintained a net cash surplus and invested approximately Rs 3,228 Lakhs in mutual funds as of March 31, 2025, reflecting strong liquidity and working capital discipline.
• Governance and leadership: Shri Dharmendra K. Gandhi joined the Board as an Independent Director effective July 1, 2024. Shri Surendra S. Gupta was appointed as an Additional Director effective April 28, 2025.
• Market context and resilience: Despite demand challenges and global trade headwinds, the Company sustained operational stability and improved its EBIDTA margin by 5 basis points to 7.87% in FY 2024-25.
• Additional Notes: The Company operates exclusively in the masterbatch segment. It maintains a strong global export presence and ensures coverage of receivables through comprehensive insurance policies. Recognition as “Top Exporter of Masterbatches” (June 7, 2024) highlights its status in the international market.