What we do Premium Plast Limited manufactures and supplies plastic components for commercial vehicle OEMs, specializing in injection and blow molding for automotive parts. |
Founded in 1,995 |
Market share Tier-1 supplier to major commercial vehicle manufacturers including the Volvo Group, strong position in automotive plastic components segment. |
Problem solved Provides durable, lightweight plastic parts to OEMs, improving vehicle efficiency and component integration. |
Top clients or who we serve B2B supplier mainly to commercial vehicle OEMs, including the Volvo Group and other automotive manufacturers. |
Key management Chetan Nagendra Dave (Chairman & Managing Director) with experience in automotive plastics manufacturing leadership. |
Our journey and innovations Established in 1995, expanded manufacturing in Mumbai and Pithampur; developed in-house mold design and new product innovations. |
Where we operate Operating primarily in India with manufacturing units in Maharashtra and Madhya Pradesh, serving domestic automotive industry. |
Top products or what we offer Exterior and interior plastic automotive components, under-the-hood parts, manufactured via injection and blow molding. |
Top brands - |
Raw materials needed High-quality polymers sourced locally for plastic component manufacturing. |
Raw materials supplier Reputed local polymer manufacturers in India. |
Recurring vs cyclical contribution Revenue is largely recurring through supply contracts with OEMs; some cyclicality due to automotive demand. |
Our industry position Recognized as a leading tier-1 supplier in the commercial vehicle plastic components market segment. |
Financial highlights FY 2024-25 revenue Rs 57.03 crores; net profit Rs 6.45 crores; consistent growth over previous year. |
Geographical revenue split Revenue primarily from Indian automotive market; no significant exports reported. |
Order book - |
Whats driving growth Rising demand for commercial vehicles, capacity expansions, and OEM partnerships fuel growth. |
Our future plans Capacity expansion, product development, and leveraging IPO proceeds for business growth. |
Our green promise ISO 14001:2004 certified; implements energy conservation and sustainable manufacturing practices. |
Our people and values Committed workforce guided by strong corporate governance and ethical practices. |
Key challenges ahead Market cyclicity, raw material cost fluctuations, and competition in automotive components supply. |
Interesting facts Successfully listed IPO in October 2024 raising Rs 26.19 crores; shift to public company in 2019. |
Risks and strategy Mitigates market and operational risks through strong client relations, diversified product portfolio, and quality certifications. |
