About TPL Plastech Limited

TPL Plastech Limited is an Indian public limited company and a subsidiary of Time Technoplast Limited. Its shares are listed on BSE and NSE in India. The company’s registered office is located in Nani Daman (U.T.), and the corporate office is in Andheri (East), Mumbai. TPL Plastech operates exclusively in one business segment—Industrial Packaging—designing and manufacturing rigid plastic packaging solutions for sectors including chemicals, specialty chemicals, agrochemicals, and allied industries.

Its product portfolio includes Intermediate Bulk Containers (IBCs), plastic drums, containers, and jerry cans. The company inaugurated a greenfield manufacturing facility at Dahej, Gujarat in FY 2023–24, which was expanded in FY 2024–25 with an additional IBC production line to meet rising demand in the western region. A state-of-the-art greenfield plant is under construction at Lote-Parshuram (MIDC), focusing on IBCs, drums, and jerry cans for agrochemicals, solar/PV chemicals, and fruit and juice sectors, with commissioning targeted for Q2 FY 2027.

As a focused industrial packaging player, TPL Plastech reported robust year-on-year growth in FY 2024–25, with revenue increasing 11.5% and profit after tax rising 18.8%, driven by strong demand amid evolving global supply chains and export growth in chemicals and pharmaceuticals. The company has one subsidiary, which has yet to commence operations, and no associates or joint ventures.

Key Milestones of TPL Plastech Limited

• Commissioned and expanded the Dahej greenfield facility between FY 2023–24 and FY 2024–25.
• Launched construction of a new greenfield plant at Lote-Parshuram, with planned completion by Q2 FY 2027.
• Achieved significant revenue and profit growth in FY 2024–25, supported by strong demand for IBCs and industrial packaging.

TPL Plastech Limited Business Segment

The company operates wholly within the industrial packaging segment, supplying rigid plastic containers, drums, IBCs, and related products for chemicals and allied sectors. It maintains manufacturing facilities in Gujarat and India’s union territory of Daman, and is expanding with a new facility at Lote-Parshuram. Its customer base includes domestic and export markets, with exports contributing marginally to turnover.

TPL Plastech conducts its business in a single segment focused on manufacturing and marketing industrial packaging solutions, primarily serving the chemicals and agrochemicals industries.

TPL Plastech Limited Key Management

• Jayesh Ashar – Chief Executive Officer (from February 10, 2025)
• Pawan Agarwal – Chief Financial Officer
• Rahul Sharma – Chief Operating Officer
• Hemant Soni – Vice President–Legal, Company Secretary & Compliance Officer

Latest Updates on TPL Plastech Limited

• Capacity expansion: Added an extra IBC production line at the Dahej plant to meet rising western region demand.
• Greenfield project: Progressing on the Lote-Parshuram MIDC plant focusing on IBCs, drums, and jerry cans, with completion aimed for Q2 FY 2027.
• Performance: Reported 11.5% revenue growth and 18.8% increase in net profit for FY 2024–25, supported by demand for industrial packaging and shifting global supply chains.
• Credit rating: CRISIL reaffirmed an A+/Stable rating on the company’s banking facilities, indicating a strong credit profile.
• Employee Stock Option Plan: Introduced the “TPL Plastech Limited – Employee Stock Option Plan 2024” with provisions to extend to holding company and group employees.
• Governance: Continued listings on NSE and BSE; annual listing fees paid for FY 2025–26. Audit Committee reconstituted with compliance to regulatory requirements.