About Time Technoplast Limited

Time Technoplast Limited is a multinational polymer products company founded in 1992 with operations across 11 countries, including India, Bahrain, Egypt, Indonesia, Malaysia, the U.A.E., Taiwan, Thailand, Vietnam, Saudi Arabia, and the USA, and it listed via IPO on NSE and BSE in 2007. The Group pioneered PE drums in India to replace steel and introduced innovations such as 1,000-litre IBCs, plastic fuel tanks for commercial vehicles, lithium batteries, Spray Suppression Systems (3S), and composite gas cylinders (LPG, CNG, Oxygen, Hydrogen). Its portfolio spans industrial packaging solutions, lifestyle products, material handling solutions, composite cylinders, infrastructure products, and automotive components, serving over 900 institutional customers with more than 14 brands. As of FY 2024–2025 reporting, it operates 23 plants and 8 offices in India, serves 29 states domestically, and exports to 64 countries, with exports contributing 5.05% of turnover on a standalone basis. The Company’s registered office is in Daman and corporate office in Mumbai, and the paid-up capital is Rs 22,69,29,066. Subsidiaries and affiliates include TPL Plastech Limited (74.86%), Power Build Batteries Private Limited (post-merger of NED Energy Limited), Time Ecotech Private Limited (100%), Elan Incorporated FZE (100%), Kompozit Praha s.r.o., Ikon Investment Holdings Limited, GNXT Investment Holdings Pte. Ltd., Schoeller Allibert Time entities, and joint venture Time Mauser Industries Private Limited (49%). Key milestones in the latest year include approvals and market expansions in composite cylinders, a greenfield plastics recycling initiative, and Middle East steel drum entry via Elan Steel Containers FZC.

Time Technoplast Limited Business Segment

• Established verticals: industrial packaging (PE drums, jerry cans, IBCs), material handling, lifestyle, infrastructure (pipes, fittings, tanks), automotive components, and composite cylinders (LPG, CNG, Oxygen, Hydrogen) as identified under “Details of business activities accounting for 90% of turnover” and product narratives in MD&A and BRSR. 
• Geographic presence: India-wide manufacturing clusters (Daman, Silvassa, Mahad, Talasari, Panoli, Ahmedabad, Jambusar, Bhuj, Pen, Ratlam, Ankleshwar; Gummidipoondi, Hosur, Hyderabad, Bangalore, Hubli, Vizag; Baddi, Pantnagar; Kolkata) and international footprint in the Middle East and beyond, with the Middle East highlighted as a fastest-growing region for Group operations. 

Time Technoplast Limited Key Management

• Bharat Kumar Vageria — Managing Director & CFO. 
• Raghupathy Thyagarajan — Whole Time Director. 
• Naveen Kumar Jain — Whole Time Director (served on Risk Committee till September 28, 2024). 
• Praveen Kumar Agarwal — Director. 
• Vishal Anil Jain — Director. 
• Sanjeev Sharma — Director. 

Latest Updates on Time Technoplast Limited

• Received PESO and Bureau Veritas Europe approvals for Type IV CNG composite cylinders; advancing Type IV hydrogen cylinders with PESO and Bureau Veritas certifications, and launched India’s first Type III composite cylinders for breathing air/medical oxygen with PESO approval. 
• Achieved PESO approval in November 2024 for India’s first Type III composite hydrogen cylinder for drone applications, enabling longer flight durations and rapid refuelling for hydrogen fuel cell drones. 
• Expanded LPG composite cylinder exports to over 51 countries; supplied over 20 lakh cylinders to IOCL in 24 months since 2022, with new export markets including Ethiopia, Albania, Iraq, Taiwan, Ghana, Nigeria, Bermuda, St. Lucia, Romania, Burundi, Australia, the UAE, and the USA. 
• Formed Time Ecotech Private Limited to build a national plastics recycling platform; Phase I greenfield facility at Umbergaon, Gujarat (15,000 MT capacity) with a planned nationwide rollout of four plants over three years and approx. Rs 120 crore long-term investment. 
• Established Elan Steel Containers FZC in SAIF Zone, UAE (via Elan Incorporated FZE) to enter steel drum manufacturing in the Middle East, complementing polymer packaging and targeting chemicals, petroleum, solvents, and construction sectors. 
• Amalgamation of NED Energy Limited into Power Build Batteries Private Limited approved on May 3, 2025, with appointed date April 1, 2024, to consolidate energy storage under a unified structure for efficiencies and scale.