Company Intelligence Profile
Buoyancy Plastics For Change Recycling Private Limited
Trades as "Plastics For Change" — a Fair Trade / WFTO-certified, B Corp and Ocean-Bound-Plastic-certified recycled plastic supply chain company.
Last updated 11 August 2026
Plastics For Change, trading as Buoyancy Plastics For Change Recycling Private Limited, is a Fair Trade and WFTO-certified recycled plastic supply chain company. It sources ethically-collected recycled plastics from waste-pickers in India and supplies global brands such as The Body Shop and Unilever. The company achieved a revenue of ₹146.59 crore in FY2025, marking a 193% year-over-year growth.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Buoyancy Plastics For Change Recycling Private Limited |
|---|---|
| CIN | U74999KA2018PTC119726 |
| PAN | Not available in the public sources reviewed. |
| Status | Active |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 21 December 2018 |
| ROC | RoC Bangalore / Karnataka |
| Sector (NIC) | Manufacturing — NIC division C (plastic products, non-metallic mineral products, rubber products, fabricated metal products) |
| Registered address | Flat No. 304A, 3rd Floor, CEARS Plaza, 136, Residency Road, Ashok Nagar, Bangalore, Karnataka, India – 560025 |
| Authorized capital | ₹11.0 Lakh |
| Paid-up capital | ₹10.21 Lakh |
Business Overview
- Trades as "Plastics For Change" — a Fair Trade / WFTO-certified, B Corp and Ocean-Bound-Plastic-certified recycled plastic supply chain company
- Sources ethically-collected recycled plastics (rPET, rPE, rPP, fibres, yarns) from informal waste-pickers in the Global South (India-based collection network centred on Bangalore) and supplies industrial-grade recycled material to global consumer brands (The Body Shop, L'Oréal, Estée Lauder, Tesco, Unilever, IKEA, Colgate-Palmolive, Organyc and others)
- Runs community programs for waste-collector welfare (housing under "Namma Mane", e-tricycle livelihood program, education, financial inclusion) and beach-cleanup/coastal environmental initiatives; offers ESG/EPR compliance and chain-of-custody traceability documentation to brand customers
- Launched in 2015
- ~40 employees as of April 2024
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Andrew Cuyler Byron Almack | - | Whole-time Director | - |
| Shifrah Jacobs | - | Whole-time Director | 28 Mar 2025 |
| Arvind Palaniappan | 03479690 | Director | - |
Financials
FY ending 31 March 2024/2025:
- Operating revenue range: ₹1 crore – ₹100 crore — TheCompanyCheck separately cites FY2025 revenue of ₹146.59 crore (193% YoY growth), which is a materially different figure/year and could not be cross-verified against a second source — reported as PARTIAL/CONFLICTING, not confirmed.
- EBITDA growth: +217.41% YoY; absolute EBITDA value paywalled — not obtained.
- Net profit (PAT) growth: +289.1% YoY; absolute PAT value paywalled — not obtained.
- Net worth growth: +58,700.24% YoY; absolute net worth paywalled — not obtained.
- Gross margin 4.09%, operating margin 8.49%, net profit margin 6.39%, ROCE 24.36% — single-source, not cross-verified.
- Auditor: Vishnu Daya & Co LLP — single source.
No consolidated financials found; company appears to file standalone only. Given the single-source, paywalled, and conflicting-year nature of the figures, treat all financial figures above as PARTIAL/unverified.
Charges & Borrowings
Open charges reported:
| TheCompanyCheck | total open charges ₹12.33 crore — Charge of ₹3 crore ("Others" type, created 02 Oct 2025, Open) and Charge of ₹9.33 crore ("Others" type, created 31 Jul 2024, Open) |
|---|---|
| Tofler | cites an ICICI Bank Limited charge of ₹9.3 crore, dated/modified 19 May 2025 — this likely corresponds to the ₹9.33 crore charge above |
Net: company has at least ~₹12.3 crore in open secured borrowings/charges, with ICICI Bank identified as at least one chargeholder. Treat exact dates/amounts as partial given the source discrepancy.
Legal / Litigation
- One case found on IndianKanoon: "M/S Buoyancy Plastics For Change Recycling Private Limited vs Yvonne De Menezes Braganca" — O.S. No. 7627/2023, Bangalore District Court (VII Additional City Civil and Sessions Judge), decided/listed 22 January 2025, Reference ID KABC010312752023
- Company appears as plaintiff in a civil suit (nature of dispute not detailed in the search snippet — would need the full judgment for particulars)
- No other litigation found
Competitors
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