HCP Plastene Bulkpack Ltd Company Summary

HCP Plastene Bulkpack Limited, formerly known as Gopala Polyplast Limited was incorporated on June 11, 1984. In 2019, Gopala Polyplast Limited was admitted to CIRP under the provision of IBC, 2016 due to default in payment by its erstwhile promoters to Financial and Operational Creditors. Subsequently, M/s Plastene India Limited submitted a Resolution Plan and the same was approved by Honble National Company Law Tribunal at Ahmedabad Bench.

Under the new ownership and management of Plastene India Limited Group, Gopala Polyplast Limited was renamed as HCP Plastene Bulkpack Limited with effect from September 22, 2021. Since then, Company is involved in plastics packaging industry and in the technical textile industry. Its product portfolio includes Woven Sacks, Woven Fabric, AD Star Bags, BOPP Laminated Bags, LLDPE+LDPE Liner and woven label.

Presently, the Company is a part of Plastene Group of Companies, a reputed FIBC manufacturer and exporter from India with a diverse portfolio comprising of FIBCs and small bags. The Company is operating mainly in Woven Sacks Division. The Company is also in manufacturing of Labels.

The Company has two manufacturing facilities in Ahmedabad that manufacture a wide array of products catering to diverse user sectors. The Company started with one unit with an installed capacity of 489 TPA of Woven Fabrics. In 1994, Gopala Polyplast Limited become Public with its maiden Public Issue.

It also added Garment Accessories to its Product portfolio by putting up woven Jacquard Label manufacturing looms. In the year 2001, it started manufacturing woven bags.During the year 2015-16 the company introduced two new products viz. Reverse Laminated BOPP Bag and Block Bottom Bag in the Market.During the year 2021-22, K.

P. Woven Private Limited became the subsidiary of the Company. The Company commenced Commercial Production on 18th April, 2022 at Unit III, Rakanpur, Gujarat.In 2023-24, Mrs.

Vanitha Parasmull acquired 60,000 Equity Shares of the Company from Mrs. Madhu Parekh, Promoter of the Company on 06th April, 2023, making Mrs. Vanitha Parasmull the Promoter Group of the Company.

The Company also floated a Limited Liability Partnership (LLP) in Malaysia in the name of HCP Plastene Bulkpack PLT on 12th July, 2023 with 60% stake with an investment of Rs 5.51 Lakhs.