Ideal Technoplast

What Ideal Technoplast does

Ideal Technoplast Industries Limited is an India-based manufacturer and supplier of rigid plastic packaging containers serving industrial customers. Founded in 2012 and headquartered in Olpad, Surat (Gujarat), the company produces a unified product line of standard-sized rigid plastic containers — ranging from 1Ltr/1KG to 20Ltr/20KG formats — marketed primarily for storage, handling, and transportation of industrial products including adhesives, lubes, and oils. Manufacturing is carried out using conventional blow molding and injection molding processes, with in-house quality control covering raw material procurement, weight verification, drop testing, finishing inspection, and leakage checks.

The business operates on a direct B2B sales model: industrial customers submit inquiries through the company's website ('Get a Quote' form) and receive quote-based pricing per order. Pricing is not publicly disclosed, no e-commerce or retail channel exists, and distribution is domestic-only, concentrated in Western India. The company is structured as a public limited company (CIN U22203GJ2023PLC146444) and is listed on NSE under the symbol IDEALTECHO, having gone public in 2023. Headcount is reported at 11-50 employees and revenue is not publicly disclosed.

Ideal Technoplast's customer base is industrial (manufacturers of adhesives, lubricants, oils, and similar chemical products), with no named customer logos publicly available. The company maintains certifications including ISO 9001, FSSAI, and associations with LEI Register, SMERA, and NSIC. Leadership comprises founder-promoter team members — Mr. Praful Vaghasia (Chairman), Mr. Vipul Mendapara (Managing Director), Mr. Gaurav Gopani (CFO) — and an Independent Director (Rushiraj Patel), reflecting standard listed-company governance. The business model is straightforward industrial manufacturing with no disclosed AI/ML, software, or platform components.

Name

Ideal Technoplast

Legal name

Ideal Technoplast Industries Limited

Website

https://idealtechnoplasts.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Ideal Technoplast Industries Limited, founded in 2012 and listed on NSE (IDEALTECHO), manufactures rigid plastic packaging containers (1Ltr to 20Ltr, 1KG to 20KG) in Surat, India, supplying industrial customers in the adhesives, lubricants, and oils sectors via direct B2B sales.

Ownership category

akta.pro rank

Product category

Industrial Plastic Packaging

NAICS

All Other Plastics Product Manufacturing (326199)

SIC

Plastics Products, Nec (3089)

akta.pro primary industry

Rigid Plastic Containers (Bottles, Jars, Jugs) Manufacturing (IMANAEAA)

akta.pro secondary industry

Industrial & Chemical Rigid Plastic Packaging (Drums, Pails, Jerrycans) (IMALAAAG)

Keywords

• Rigid plastic containers
• Industrial plastic packaging
• Blow molded containers
• Adhesive packaging containers
• Oil and lubricant containers

Headquarters

HQ city

Surat

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure

Revenue model

1. Plastic Container Sales: Manufacture and sale of rigid plastic containers and industrial packaging products. Revenue is generated through direct sales of pre-manufactured containers in standard sizes as well as custom orders for industrial packaging needs. Operating since 2012.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Ideal Technoplast Industries Limited manufactures rigid plastic packaging containers in sizes ranging from 1 liter to 20 kilograms for industrial use. The containers serve manufacturers of adhesives, lubricants, and oils, providing storage and transport packaging for their finished products.

Product overview

Ideal Technoplast Industries Limited offers a single unified product line of rigid plastic packaging containers for industrial applications. The company's core offering consists of containers in various sizes (20KG, 10KG, 5KG, 2KG, 1KG, 20Ltr, 10Ltr, 4Ltr, 2Ltr, 1Ltr) designed for industrial packaging applications including adhesives, lubes, and oil containers. The products are positioned for storage, handling, and transportation of valuable products across various industries. All products undergo quality testing including weight verification, drop testing, finishing inspection, and leakage testing.

Differentiator

Problem solved

Functional benefit

Products and services

• Rigid Plastic Containers

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Time Technoplast: Listed Indian manufacturer of rigid plastic packaging, including industrial containers, drums, and pails across multiple polymer technologies. Directly comparable product portfolio and B2B industrial customer base, but materially larger scale and pan-India footprint.
• Mold-Tek Packaging: NSE/BSE-listed Indian rigid plastic packaging company serving FMCG, food, and industrial customers with injection-molded containers. Closely comparable in product category (rigid plastic containers via injection molding) and target verticals such as lubes and food.
• Hitech Plast (Hitech Corporation): Indian manufacturer of rigid plastic containers and packaging products for paints, lubes, and chemicals. Operates in the same industrial rigid packaging segment with blow and injection molding capabilities and a similar customer profile.
• Parekhplast India: Indian rigid plastic packaging manufacturer producing containers and jerry cans for chemicals, lubricants, and food applications. Closely comparable in product format (jerry cans/containers) and B2B industrial customer base.

Broad incumbents

• Jindal Poly Films: Large listed Indian packaging manufacturer with a broader product portfolio spanning films, rigid packaging, and laminates. Overlaps with Ideal Technoplast in industrial rigid containers but operates at significantly greater scale and with diversified packaging categories.
• Mauser Packaging Solutions: Global manufacturer of industrial rigid packaging including plastic drums, jerrycans, and IBCs serving chemicals and lubes. Comparable in industrial packaging format and customer verticals but with global footprint and significantly larger scale.
• Greif Inc: Global industrial packaging leader producing steel, plastic, and fibre drums, IBCs, and container solutions for chemicals and lubricants. Overlaps with Ideal Technoplast in the rigid industrial container category but operates at a global, multi-product scale.
• Berry Global Group: Major global rigid plastic packaging producer serving consumer and industrial end markets. Comparable in rigid plastic container technology and injection/blow molding processes but with an order-of-magnitude larger product portfolio and geographic reach.
• Schütz GmbH & Co. KGaA: German-headquartered global leader in industrial packaging including plastic drums, jerrycans, and IBCs. Directly comparable in rigid industrial plastic containers (especially jerrycan formats) but with global manufacturing footprint and brand-owner customer relationships.

Emerging players

• Rishi FIBC Solutions: Indian manufacturer of bulk industrial packaging including drums, pails, and intermediate bulk containers. Comparable in industrial B2B rigid packaging and Surat/Gujarat industrial region presence, though product focus is broader bulk formats.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ideal Technoplast