The production of polystyrene in 1957 was the initial step taken by the plastic industry in India. From that modest start, the industry has made significant progress in the last 60-odd years. With more than 30,000 processing units (of which almost 90% are small and medium-scale) and over 2,000 exporters, the industry provides employment to over 4 million people.
Quick facts about the Plastic Industry
- Plastic & linoleum exports in Financial Year 2020 was more than $7.5 billion
- Plastic raw material stood at $2.9 billion, plastic sheets, films & plates at $1.2 billion, and packaging material at more than $722 million
- From April to August 2020, plastic exports stood at more than $3.9 billion
- The main items of production & export of plastic products from India are plastic-molded extruded goods, polyester films, molded/ soft luggage items, writing instruments, plastic woven sacks, and bags, polyvinyl chloride (PVC), leather cloth and sheeting, packaging, consumer goods, sanitary fittings, electrical accessories, laboratory/ medical-surgical ware, tarpaulins, laminates, fishnets, travel ware, and others.
As a recent development, 10 Plastic Parks would be set up across India as per the approval given by the Department of Chemicals and Petrochemicals, Govt. of India. From these parks, environmentally-sustainable plastic products would be manufactured, generating revenue & employment.
The organized plastic manufacturing sector in India is not large, but it has some big players present.
Top 20 Best Plastic Companies in India
Supreme Industries Ltd.
Supreme is among the best and largest plastic manufacturing company in India that was established in 1942. With a polymer handling volume of more than 300,000 tonnes annually, the company is India’s largest plastic processor. The company’s seven business divisions handle a range of products like:
- Moulded Furniture,
- Storage & Material Handling Products,
- XF Films & Products,
- Performance Films,
- Industrial Moulded Products,
- Protective Packaging Products,
- Composite Plastic Products,
- Plastic Piping System & Petrochemicals.
The Supreme Industries is also listed in NSE and BSE, here is quick overview:
- Market Cap (Rs Cr.): 20,930
- Book Value (Rs): 167.88
- Face Value (RS): 2.00
- Turnover (Rs. In Lakhs): N/A N/A
Profit and Loss:
- MAR 20: 436.19
- MAR 19: 434.25
- MAR 18: 397.09
- MAR 17: 376.67
Jain Irrigation Systems Ltd.
Jain Irrigation Systems is a multi-discipline MNC, with a presence in more than 30 countries over 4 continents. More than 120 countries import products from the company through a global network of 11,000+ dealers. Jain Irrigation Systems is the world’s 2nd largest micro-irrigation company and India’s largest producer of plastic pipes. Its annual polymer production is 500,000 MT+. Continuous R & D and sensitivity to customers’ needs continue to drive the company forward.
- Market Cap (Rs Cr.): 935.64
- Book Value (Rs): 84.87
- Face Value (RS): 2.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: -721.19
- MAR 19: 250.49
- MAR 18: 217.67
- MAR 17: 173.98
Astral Poly Technik Ltd.
Established in 1996, Astral Poly Technik is present in 4 countries with 11 manufacturing locations. The company consistently aims at creating innovative and high-performing solutions for its customers. The plants are equipped with the latest manufacturing technology. The company manufactures plumbing pipes, sewerage drainage pipes & fittings, agriculture pipes, fire sprinkler pipes, industrial pipes, etc.
- Market Cap (Rs Cr.): 22,082.28
- Book Value (Rs): 88.22
- Face Value (RS): 1.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 251.20
- MAR 19: 200.91
- MAR 18: 178.32
- MAR 17: 147.19
VIP Industries Ltd.
Having started its journey in 1971, VIP Industries has sold over 100 million pieces of luggage and has positioned itself as a premier player in the field. The company fosters a culture of youthfulness, meritocracy, and innovation. Some of the well-known brands of the company are Alfa, Aristocrat, Carlton, Skybags, and Caprese.
- Market Cap (Rs Cr.): 5,073.29
- Book Value (Rs): 38.71
- Face Value (Rs): N/A
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 111.73
- MAR 19: 145.27
- MAR 18: 126.75
- MAR 17: 85.21
Nilkamal Ltd.
Nilkamal is a household name in every corner of India today – thanks to its wide range of strong & affordable plastic furniture. It is the largest producer of molded plastic furniture in the world. At the core of Nilkamal’s business are values like a focus on quality, hard work, innovation, and sensitivity to customer needs. Nilkamal has expanded beyond India’s borders to more than 30 countries. It has more than 8 plants and more than 20,000 dealers across India.
- Market Cap (Rs Cr.): 2,177.42
- Book Value (Rs): 639.03
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 136.15
- MAR 19: 110.64
- MAR 18: 117.15
- MAR 17: 119.15
Mayur Uniquoters Ltd.
From its beginning in 1994, MayurUniquoters today is India’s largest artificial leather manufacturer. The company uses the ‘Release Paper Transfer Coating Technology’ to manufacture more than 3.05 million linear meters every month. The new PU coating plant has almost doubled its capacity. The company’s infrastructure is world-class & ISO 9001:2015 certified. Mayur manufactures PVC Vinyl and PU synthetic leather for the automotive industry, footwear industry, and the furnishing sector.
- Market Cap (Rs Cr.): 1,317.45
- Book Value (Rs): 129.54
- Face Value (RS): 5.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 79.78
- MAR 19: 89.59
- MAR 18: 96.92
- MAR 17: 81.51
WimPlast Ltd.
The company began small in 1967. In the last 53 years, WimPlast is a player in diverse fields like plastic houseware, steel houseware, glass houseware, kitchen appliances, molded furniture, household cleaning products, etc. it is also a leading exporter of household products. With a base of integrity, learning, and continuous innovation, WimPlast is steadily becoming India’s preferred household brand.
- Market Cap (Rs Cr.): 481.33
- Book Value (Rs): 292.35
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 44.94
- MAR 19: 39.24
- MAR 18: 44.45
- MAR 17: 48.56
Plastiblends India Ltd.
They are counted among the country’s largest manufacturer and exporter of high quality Colour& Additive Master Batches and Thermoplastic Compounds. This is an essential ingredient for the plastic processing industry. Its 3 plants have a combined annual production capacity of 110,000 MT. The company is ISO 14001:2015, OHSAS 18001:2007 and ISO 9001:2015 certified, thereby reaffirming its stringent stand on the quality of its products & processes. Its global presence spans 40 countries.
- Market Cap (Rs Cr.): 669.22
- Book Value (Rs): 108.08
- Face Value (RS): 5.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 37.18
- MAR 19: 31.17
- MAR 18: 27.32
- MAR 17: 32.71
Responsive Industries Ltd.
They are counted among the top players in the PVC-based goods. Responsive Industries is engaged in manufacturing plastic products like: PVC flooring, Automotive upholstery, Pharmaceutical packaging etc.
- Market Cap (Rs Cr.): 4,716.35
- Book Value (Rs): 24.71
- Face Value (RS): 1.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 24.37
- MAR 19: 29.46
- MAR 18: 9.36
- MAR 17: 7.65
Safari Industries (India) Ltd.
Safari luggage has been a constant traveling companion of Indians since 1974. These bags come in exquisite designs and easy usability. Through its state of the art plant, the company manufactures hard luggage made from Poly Propylene (PP) and Poly Carbonate (PC) and soft luggage from different kinds of imported fabric.
- Market Cap (Rs Cr.): 1,248.66
- Book Value (Rs): 102.72
- Face Value (RS): 2.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 30.51
- MAR 19: 26.98
- MAR 18: 21.21
- MAR 17: 10.06
Kkalpana Industries Ltd.
Kalpana Industries began operation in1977, during the nascent days of the PVC industry. It established itself as a premium producer of suppliers of PVC compounds, intended for the cable & shoe industries. Besides its flagship PVC compounding material, the company also manufactures Silane and Peroxide based XLPE, zero halogen FRLS, NBR/PVC, Anti Fibrillation, semi-conductive, automotive, cross-linkable EVA foam compound, and also additive masterbatches for both domestic & global markets.
- Market Cap (Rs Cr.): 191.44
- Book Value (Rs): 36.81
- Face Value (RS): 2.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 30.22
- MAR 19: 25.99
- MAR 18: 20.23
- MAR 17: 26.24
Mold-Tek Packaging Ltd.
Mold-Tek Packaging Ltd. was started in the early 1986. It holds a leadership position in rigid plastic packaging in the country. The ISO 9001:2008-certified company manufactures injection molded containers for lubes, paints, food, and other products through its 7 processing plants. Its installed annual production capacity is almost 20,000 TPA. The main items the company produces are sanitizer containers, food containers, lubricant packs, dispensing pumps, and bulk & paint packaging items.
- Market Cap (Rs Cr.): 810.09
- Book Value (Rs): 71.66
- Face Value (RS): 5.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 37.44
- MAR 19: 31.92
- MAR 18: 27.84
- MAR 17: 24.17
Apollo Pipes Ltd.
Apollo Pipes Ltd has more than 30 years of experience in the domain of piping & related products. In the year 2000, the company started to manufacture U-PVC pipes. Its 19 Extrusion lines can consume more than 60,000 tons of polymers every year. The company’s plants have installed capacities to manufacture almost 5000 MT of uPVC pipes 4000 MT of HDPE Pipes, and 40000 MT of fittings every year. Apollo Pipes also owns India’s largest network of company-owned /operated network of Warehouses-cum-Sales offices pan-India.
- Market Cap (Rs Cr.): 895.83
- Book Value (Rs): 218.51
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 28.53
- MAR 19: 23.93
- MAR 18: 22.06
- MAR 17: 15.69
Kingfa Science & Technology Ltd.
They are the top manufacturers of top-grade products like Reinforced Polypropylene Compounds, Thermoplastics Elastomers, and a wide range of engineering plastics in India. The company primarily manufactures polymer compounding products and masks from its 4 manufacturing locations across the country.
- Market Cap (Rs Cr.): 645.49
- Book Value (Rs): 287.84
- Face Value (Rs): N/A
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 24.62
- MAR 19: 19.06
- MAR 18: 24.64
- MAR 17: 12.40
Hitech Corporation Ltd.
Founded in 1891, the Hitech Corporation Ltd is a leading manufacturer of rigid plastic containers – catering to diverse industries like lubricants, paints & coatings, construction chemicals & adhesives. The company has 13 top-grade manufacturing facilities across India. The entire team works at the highest levels of motivation, with a zeal for constant innovation and process improvement.
- Market Cap (Rs Cr.): 216.24
- Book Value (Rs): 96.26
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 2.36
- MAR 19: 16.40
- MAR 18: 7.76
- MAR 17: 9.36
Multibase India Ltd.
Earlier known as Synergy Polymers Ltd which was incorporated in 1991, the company was acquired by Multibase SA in 2002. From 2007, the entity came to be known as Multibase India Limited. The company is engaged in manufacturing thermoplastic elastomers and silicone-based products. The chief customers of the company are organizations in the domains of automotive and building & construction. The company serves over 1000 customers globally.
- Market Cap (Rs Cr.): 225.71
- Book Value (Rs): 84.71
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 7.54
- MAR 19: 15.36
- MAR 18: 19.55
- MAR 17: 13.28
TPL Plastech Ltd.
TPL Plastech Ltd has the distinction of being the first recipient of an ISO certification for a bulk packaging manufacturer, in 1998. The company is a leading plastic processing producer in the Asian continent. The company’s high-level manufacturing and R&D facilities ensure that the products it produces conform to the highest quality standards. The drums manufactured by TPL Plastech are durable, lightweight, stable, and crack-resistant. The company manufactures wide mouth, narrow mouth, and open-top drums with capacities ranging from 25 liters to 250 liters. It also manufactures 100% leak-proof PE Pipes.
- Market Cap (Rs Cr.): 115.64
- Book Value (Rs): 111.08
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 10.75
- MAR 19: 11.43
- MAR 18: 12.16
- MAR 17: 11.28
Acrysil (India) Ltd.
Acrysil (India) Ltd was founded in the late 1980s. ever since then, the company has built a name for itself as a globally reputed manufacturer of quartz kitchen sinks. High-grade acrylic resin molds the quartz through a highly automated Polymerization Casting Process in Special High-Grade Nickel Molds. This toughens the material, making it resistant to dents, scratches, and other such damages. They export a wide range of products in 30+ countries. Acrysil also manufactures products like:
- Stainless Steel Sinks,
- Food Waste Dispose
- Hobs & Cook Tops,
- Oven,
- Wine Chillers, and
- Dishwashers.
Here is the market value of the company:
- Market Cap (Rs Cr.): 453.81
- Book Value (Rs): 48.82
- Face Value (RS): 2.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 22.86
- MAR 19: 17.48
- MAR 18: 12.24
- MAR 17: 7.97
Mahindra EPC Irrigation Ltd.
A part of the renowned Mahindra Group, Mahindra EPC started operations in 1986. It has pioneered micro-irrigation in India. It has brought global standard irrigation products to farmers in every corner of India. Its products include drip irrigation systems, sprinkler irrigation systems, pumps, and pipes that provide complete fertigation& agronomic support. Its strong channel partner network helps its products to reach every corner of the country with minimum hassles.
- Market Cap (Rs Cr.): 426.73
- Book Value (Rs): 61.43
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 23.29
- MAR 19: 11.44
- MAR 18: 4.94
- MAR 17: 9.90
Jasch Industries Ltd.
Ever since incorporation in 1986, Jasch Industries Ltd has been at the forefront in manufacturing vinyl coated (PVC), polyurethane (PU), Semi PU coated fabrics that are in great demand in industries like automotive, footwear, sports, healthcare, etc. Besides India, the company has a strong presence in North and South America, and Europe. Rigorous research and process improvement ensure that the company never falls short of meeting and exceeding customer expectations.
- Market Cap (Rs Cr.): 43.05
- Book Value (Rs): 51.10
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 4.54
- MAR 19: 7.85
- MAR 18: 5.37
- MAR 17: 4.82
List of Top 20 Plastic Companies in India
| Sl. No. | Company | Establishment | Head office | Website |
| 1 | Supreme Industries Ltd. | 1942 | Mumbai | https://www.supreme.co.in/ |
| 2 | Jain Irrigation Systems Ltd. | 1963 | Jalgaon | http://www.jains.com/ |
| 3 | Astral Poly Technik Ltd. | 1996 | Ahmedabad | https://www.astralpipes.com/ |
| 4 | VIP Industries Ltd. | 1971 | Mumbai | https://vipindustries.co.in/ |
| 5 | Nilkamal Ltd. | 1981 | Mumbai | http://www.nilkamal.com/ |
| 6 | MayurUniquoters Ltd. | 1992 | Jaipur | https://www.mayuruniquoters.com/ |
| 7 | WimPlast Ltd. | 1967 | Mumbai | https://www.cellowimplast.com/ |
| 8 | Plastiblends India Ltd. | 1991 | Mumbai | http://www.plastiblends.com/ |
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