RESINS & PLASTICS LIMITED is a pioneer in the manufacturing and marketing of Synthetic Resins in India. Resins & Plastics Limited started its operations in 1971. The company’s product portfolio has a wide range of products – Alkyds, Acrylics, Polyamides, Phenolic, Polyurethane, and Maleic Resins. Today, Resins & Plastics Limited has pan India sales network /distributors providing technical service and support to small, and large & MNCcustomersoperating in SurfaceCoatings, Adhesives, Printing Inks, and construction chemicals. The company exports to neighboring countries of India and are planning to expand it to other countries. Resins & Plastics Limited has 3 manufacturing facilities, One located at Maharashtra Industrial Development Corporation (MIDC), Taloja in Maharashtra, and Two at Gujarat Industrial Development Corporation (GIDC), Ankleshwar in Gujarat. Both of these facilities are located close to shipping ports.
The company has a well-equipped R&D center that is recognized by the Government of India and it leverages technology to achieve a competitive advantage for its customers.
Pragati Chemicals Limited (hereinafter referred to as ‘PCL’) has been merged with Resins & Plastics Limited with effect from 1st April 2019 vide National Company Law Tribunal (NCLT) order dated 25th June 2020. Pragati Chemicals Limited manufactures Amino Resins, Ketonic Resins, and Epoxy Resins.
CIN of Resins & Plastics |
U25209MH1961PLC012223 |
Registration Date of Resins & Plastics |
22 December 1961 |
Resins & Plastics Registered office address and contact details |
A-8 Marol Industrial Estate of MIDC, Cross Road B, Street No. 5, Andheri (East), Mumbai 400 093; Tel.: 61987000 |
Resins & Plastics Registrar and Transfer Agent address |
Link Intime India Private Limited C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083 |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to total turnover of the Company |
|
Synthetic Resins |
3022 |
38.29% |
Shri Abhay A. Vakil (Chairman)
Shri Rupen A. Choksi (Managing Director)
Shri Ashwin S. Dani
Shri Bharat B. Chovatia
Shri Dhiren P. Mehta
Shri Chetan S. Thakkar
Smt. Hemangi N. Modi
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Promoters Shareholding |
30,86,363 |
86.40 |
|
2 |
Public Shareholding |
4,85,937 |
13.60 |
|
|
Total |
35,72,300 |
100 |
Synthetic Resins are primarily used in Adhesives, Construction Chemicals, and IndustrialCoatings & Printing Inks Industries. The raw materials used in manufacturing synthetic resins witnessed price fluctuation during FY 2020.
In FY 2021, automation, higher production, and increased sales of existing and new products would be the main thrust areas for resin manufacturers.
The Global resin market is projected to increase significantly due to the rise in demand for sustainable packaging for water bottles and other items.
The resin market is segmented geographically into the Asia Pacific, the Middle East and Africa, Europe, North America, and Latin America. Among these markets, Asia Pacific is in the dominant position and has the largest market share in the resin market at present. This growth has mainly come from emerging economies such as India, China, and Japan. China is one of the biggest consumers of resin.
The future of Resin market in India looks bright with opportunities in transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical and electronics, and consumer goods.
In view of the restrictions imposed by regulatory authoritiesdue to COVID-19 lockdown, the production and sales were adversely affected for a few days during the FY2020. All the operations were disrupted since mid-March 2020 and the industry saw partial commencementof production from May 2020. Resins & Plastics Limited has now commenced operating across its all the three plants after takingrequisite government permissions.
