TPL Plastech Ltd. – Company Report
1. Company Overview
TPL Plastech Ltd., established in 1992 and headquartered in Mumbai, Maharashtra, is a leading Indian manufacturer specializing in high-quality rigid plastic packaging solutions. The company, a part of the Time Group, operates several plants across Western and Northern India, including key facilities in Silvassa (Dadra & Nagar Haveli), Palej (Gujarat), and Daman. TPL Plastech is recognized for its technical expertise and innovation in the manufacture of large-size plastic drums, containers, and advanced polymer packaging products for industrial applications.
Serving a wide client base across chemicals, food and beverages, agrochemicals, lubricants, pharmaceuticals, and consumer goods, TPL Plastech is ISO 9001:2015 certified and adheres to stringent quality standards. The company leverages advanced blow-moulding and injection-moulding technologies, supplying packaging for hazardous and high-value materials and supporting India’s key manufacturing supply chains.
A notable recent development is the appointment of Jayesh Ashar as Chief Executive Officer (CEO) and Key Managerial Personnel. Ashar’s leadership is expected to bolster the company’s operational excellence, strengthen corporate governance, and drive its growth strategy forward.
2. Products and Services
TPL Plastech Ltd. delivers a robust portfolio of polymer packaging solutions engineered for strength, safety, and environmental compliance:
Industrial Packaging:
- High-density polyethylene (HDPE) drums (capacity up to 250 liters) for hazardous and non-hazardous chemicals
- Narrow-mouth drums, open-top drums, conipails, and specialty containers for lubricants, petrochemicals, food ingredients, and pharma goods
- Advanced designs such as anti-glug and stackable containers for transportation efficiency
Specialty Polymer Products:
- Containers for agrochemical and pesticide packaging, engineered to meet strict regulatory standards
- Polymer containers optimized for edible oil, dairy industry, and cosmetic applications
Technological Innovation:
- In-house R&D for product design, testing, and customization
- Blow-moulded and injection-moulded products developed for superior barrier properties, durability, and recyclability
TPL Plastech also focuses on sustainability, increasingly utilizing recyclable materials and eco-friendly production processes to reduce its environmental impact and align with evolving industry norms.
3. Recent News and Financial Performance
Leadership News
- In July 2025, TPL Plastech Ltd. announced the appointment of Jayesh Ashar as CEO and Key Managerial Personnel. This strategic leadership change is anticipated to drive innovation, operational streamlining, and market expansion.
Recent Developments
- Continued expansion into high-growth industrial and agri-chemical packaging segments
- Investments in automation and advanced manufacturing capacity at core facilities
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Revenue | ₹349 crore |
| Net Profit | ₹23.6 crore |
| Profit Before Tax | ₹30 crore |
| Earnings Per Share (EPS) | ₹3.03 |
| Operating Profit Margin | 12% |
| Dividend Yield | 1.04% |
| Dividend Payout % | 33% |