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.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Buoyancy Plastics For Change Recycling Private Limited |
|---|---|
| CIN | U74999KA2018PTC119726 |
| PAN | Not obtained (TheCompanyCheck explicitly notes PAN not disclosed on page; no other source surfaced it) |
| Status | Active |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 21 December 2018 (source: Tofler, TheCompanyCheck) |
| ROC | RoC Bangalore / Karnataka (source: Tofler, TheCompanyCheck) |
| Sector (NIC) | Manufacturing — NIC division C (plastic products, non-metallic mineral products, rubber products, fabricated metal products); TheCompanyCheck lists broad activity code "C8". DPIIT-recognised Startup. Source: TheCompanyCheck. |
| Registered address | Flat No. 304A, 3rd Floor, CEARS Plaza, 136, Residency Road, Ashok Nagar, Bangalore, Karnataka, India – 560025 (source: Tofler, TheCompanyCheck — consistent across both) |
| Authorized capital | ₹11.0 Lakh (source: Tofler, TheCompanyCheck — agree) |
| Paid-up capital | ₹10.21 Lakh (source: Tofler, TheCompanyCheck — agree) |
Business Overview
Confirmed- 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 (source: official site plasticsforchange.org
- TheCompanyCheck for employee count)
Directors
Partial / conflicting1) Andrew Cuyler Byron Almack — Whole-Time Director; also Founder & CEO per company website. DIN: not obtained. 2) Shifrah Jacobs — Whole-Time Director (appointed 28 Mar 2025 per TheCompanyCheck); Co-founder & Chief Impact Officer per company website. DIN: not obtained. 3) Arvind Palaniappan — Director (tenure ~6 years per Tofler, i.e. since incorporation); Chief Financial Officer per company website. DIN: 03479690 (confirmed — Tofler). Cross-checked and consistent across Tofler and TheCompanyCheck.
Financials
Partial / conflictingFY ending 31 March 2024/2025 (standalone, per Tofler):
- Operating revenue range: ₹1 crore – ₹100 crore (Tofler, FY2024) — 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 (Tofler); absolute EBITDA value paywalled — not obtained.
- Net profit (PAT) growth: +289.1% YoY (Tofler); absolute PAT value paywalled — not obtained.
- Net worth growth: +58,700.24% YoY (Tofler, implies prior-year base was near zero/negative); absolute net worth paywalled — not obtained.
- Gross margin 4.09%, operating margin 8.49%, net profit margin 6.39%, ROCE 24.36% (Tofler) — single-source, not cross-verified.
- Auditor: Vishnu Daya & Co LLP (TheCompanyCheck) — 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
Partial / conflictingOpen charges reported (source: TheCompanyCheck, Tofler — partially consistent):
| 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 (lender name only available from Tofler; date differs slightly, possibly filing vs. modification date) |
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
Confirmed- 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
Partial / conflictingNamed peers in the ethical/recycled-plastic and waste-collector-inclusion space (rough scale tags, approximate): 1. Searious Business (Netherlands/India-linked, ocean-bound plastic recycling) — similar scale, mid-size social enterprise. 2. Lucro Plastecycle (Ahmedabad, India — recycled plastic granules/films for FMCG) — mid-size, India-focused. 3. Banyan Nation (Hyderabad, India — recycled plastic granules, "Better Plastic") — comparable scale, India-focused, VC-backed. 4. Saahas Zero Waste (Bangalore — waste management incl. plastics) — comparable/adjacent, India-focused. 5. Circulate Capital-backed recyclers e.g. Lucro, Shakti Plastics (broader South/Southeast Asia recycled-plastics ecosystem) — mid-to-large regional players. 6. Nepra Resource Management (India — waste-to-resource, plastic recycling) — comparable scale, India-focused. Not independently verified beyond general market knowledge; treat as indicative peer set rather than confirmed competitor list from a dedicated source.
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