Wim Plast Ltd. – Company Report
1. Company Overview
Wim Plast Ltd., established in 1988 and headquartered in Mumbai, Maharashtra, is a prominent Indian manufacturer of plastic molded furniture, insulated coolers, and material handling products. The company is best known for its flagship brand Cello®, which dominates the Indian market for plastic furniture and homeware. Wim Plast is a part of the renowned Cello Group, known for innovation in household plastics, writing instruments, glassware, and thermoware.
With manufacturing facilities located in Daman, Baddi, Haridwar, Chennai, and Gandhinagar, the company delivers high-quality plastic solutions to residential, institutional, and commercial customers across India. Wim Plast continues to invest in automation, tooling, and R&D to maintain leadership in ergonomics, design, and durability.
- Incorporated: 1988
- Headquarters: Mumbai, Maharashtra
- Brand Highlight: Cello® plastic molded furniture
- Core Segments: Furniture, Material Handling, Ice Boxes, Crates, Plastic Pallets
- Manufacturing Units: Daman, Baddi, Haridwar, Chennai, Gandhinagar
- Parent Group: The Cello Group
- Chairman & MD: Mr. Pradeep G. Rathod
- Market Capitalization (July 2025): ~₹1,205 crore
2. Products and Services
Wim Plast Ltd. operates primarily in the plastic molding industry and offers a diverse portfolio of consumer and industrial plastic products.
Plastic Molded Furniture: Chairs, tables, stools, trolleys, sofas, and utility storage products
Material Handling Products: Bins, crates, pallets, and customized industrial containers
Coolers & Thermoware: Iceboxes, picnic coolers, beverage dispensers, and hospitality-grade thermoware
Institutional & Industrial Offerings:
- Stackable storage, pallet boards, and large bins for warehousing
- Custom plastic configurations for industrial logistics
R&D and Manufacturing Capabilities:
- In-house tooling, mold design, and automation systems
- Emphasis on ergonomic, weather-resistant, and eco-friendly products
Distribution:
- Pan-India dealer network
- Exports to select international markets
3. Recent News and Financial Performance
Stake Sale in Subsidiary (Dec 2022): Wim Plast sold 1,50,000 equity shares of Wim Plast Moldetipo Pvt. Ltd. to Mr. Pradeep G. Rathod (Promoter Group) for ₹15 lakhs. Wim Plast Moldetipo Pvt. Ltd. ceased to be a subsidiary post-transaction.
Capacity Expansion: In 2024, the company undertook automation upgrades and capacity expansion at its Daman and Haridwar units to meet rising demand in institutional and export markets.
New Product Lines: Focus on eco-friendly and designer furniture targeting commercial and semi-premium households.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹392 crore |
| Net Profit | ₹57 crore |
| Net Profit Margin | 14% |
| EPS | ₹47.59 |
| Debt Position | Virtually debt-free |
| Dividend Payout % | 21% |