Time Technoplast

What Time Technoplast does

Time Technoplast Limited (NSE: TIMETECHNO) is an Indian polymer-products manufacturer founded in 1989 and headquartered in Mumbai, operating 40 production facilities and 8 Strategic Business Units across industrial packaging, composite cylinders, material handling, infrastructure products, automotive components, and lifestyle products. Core products include XL-Ring and open-top drums, Conipails and Intermediate Bulk Containers (IBCs) for chemicals, food, pharma, and agriculture; collapsible and stackable material handling crates (INTEGRA, PRELOG, EUROCOMBO, MULTIFIT, MAHAGIANT, EUROFRESH) and pallets; cross-laminated films under the Techpaulin brand; HDPE and DWC pipes (including ISI-certified Systo pipes via subsidiary Systoverse); engineered automotive components such as rain flaps, fuel tanks, deaeration tanks, and air ducts; and lifestyle products like Duro car mats, Regal moulded furniture, and Meadowz artificial grass.

The company's flagship technology area is high-pressure composite cylinder manufacturing — specifically Type III and Type IV composite cylinders for CNG, LPG (LiteSafe), hydrogen, oxygen and SCBA applications. Time Technoplast is the first company in India to receive PESO approval to design and manufacture 250-litre Type IV composite hydrogen cylinders for buses, trucks, and trailers, and has also secured PESO and TUV Rheinland approval for 2-litre high-pressure cylinders and Type IV CNG cascades used in City Gas Distribution networks. Subsidiary PowerBuild Batteries distributes Monbat AD's VRLA stationary and reserve power batteries exclusively in India, targeting data centre, IT, and BFSI sectors.

Time Technoplast makes money primarily through hardware sales of polymer and composite products, channelled via direct enterprise field sales to industrial customers and PSUs (HPCL, City Gas Distribution operators, Indian Armed Forces), exclusive distribution agreements (Monbat AD via PowerBuild), and export channels for LiteSafe composite LPG cylinders. FY26 consolidated revenue reached Rs 6,105.20 crore with net profit of Rs 468.72 crore at ~14.9% EBITDA margin, and revenue is diversified across chemicals, food & beverage, pharmaceuticals, automotive OEMs, energy and gas, infrastructure, consumer, logistics, and — increasingly — clean energy and defense segments.

Name

Time Technoplast

Legal name

Time Technoplast Limited

Website

https://timetechnoplast.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Time Technoplast is a Mumbai-headquartered Indian polymer manufacturer operating 40 plants across 8 Strategic Business Units, producing industrial packaging (IBCs, drums), composite cylinders (CNG, hydrogen, LPG), material handling products, HDPE pipes, automotive components, and lifestyle goods for industrial, energy, defense, and consumer customers.

Ownership category

akta.pro rank

Product category

Polymer Industrial Products Manufacturing

NAICS

Plastics Product Manufacturing (3261), Plastics Packaging Materials and Unlaminated Film and Sheet Manufacturing (32611)

SIC

Miscellaneous Plastics Products (3080), Unsupported Plastics Film & Sheet (3081)

akta.pro primary industry

Returnable/Reusable Plastic Packaging (RPCs, Crates, Totes) Manufacturing (IMANAEAM)

akta.pro secondary industries

HDPE Bottles & Jugs (IMALAAAB), Consumer Products Injection Molding (Housewares, Toys, Personal Care) (IMANAFAE)

Keywords

• Polymer products
• Industrial packaging
• Composite cylinders
• Material handling
• HDPE pipes

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Industrial Packaging Solutions: Revenue from drums, containers, IBCs, and industrial packaging products for chemicals, pharmaceuticals, food & beverage, and other industries. This is a core business segment.
2. Composite Cylinders: Sales of Type IV CNG cylinders, hydrogen cylinders, LPG composite cylinders, and oxygen/SCBA cylinders. Growing segment driven by clean energy adoption. Composite segment reported revenue of Rs 555 crore in first nine months of FY26.
3. Material Handling Products: Crates, pallets, and handling solutions for logistics, warehousing, and supply chain operations.
4. Lifestyle Products: Car mats (Duro brand), moulded furniture, Meadowz artificial grass, and other consumer products through retail and B2B channels.
5. Infrastructure Products: HDPE pipes, DWC pipes, and infrastructure solutions.
6. Automotive Components: Rain flaps, deaeration tanks, radiator tanks, fuel tanks, and air ducts for automotive manufacturers.
7. Battery Distribution: PowerBuild Batteries distributes VRLA stationary and reserve power batteries through exclusive distribution agreements. Estimated market opportunity of Rs 3,500-4,000 crore over next decade in India.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Time Technoplast manufactures and markets a broad range of polymer-based products including industrial packaging (drums, containers, IBCs), material handling solutions (crates, pallets), cross laminated films, composite cylinders for LPG, CNG, hydrogen and oxygen/SCBA, automotive components, HDPE/DWC pipes, and lifestyle products such as car mats and moulded furniture. The company also distributes VRLA batteries in India through its PowerBuild Batteries subsidiary and supplies ISI-certified HDPE pipes through Systoverse.

Product overview

Time Technoplast is a diversified Indian manufacturing company offering a broad portfolio of technically-driven innovative products across multiple business segments. The company operates through 8 Strategic Business Units: (1) Intermediate Bulk Containers (IBC) for bulk liquid storage and transport; (2) Material Handling including collapsible crates (INTEGRA, PRELOG, EUROCOMBO, MULTIFIT, BANANA CRATES, DABANG, MAHAGIANT, EUROFRESH) and pallets; (3) Mox Films under the Techpaulin brand (cross laminated films, tarpaulins, bags); (4) Composite Cylinders including LPG composite cylinders (LiteSafe), Type IV CNG cylinders and cascades, SCBA/Oxygen cylinders, and hydrogen cylinders for storage, distribution, on-board vehicle, and UAV applications; (5) Industrial Packaging including drums, containers, Conipails, and packaging development services; (6) Infrastructure Products including HDPE and DWC pipes; (7) Automotive Components including rain flaps, fuel tanks, radiator tanks, and air ducts; and (8) Lifestyle Products including Duro Mats (car mats, anti-fatigue mats like Duro Active, artificial grass Meadowz), Regal Moulded Furniture, and Dumpo Bins. The company also operates subsidiary PowerBuild Batteries distributing Monbat VRLA batteries in India. Recent additions include Systoverse (HDPE pipes and sprinklers acquired in 2026) and expansion into hydrogen storage systems including first orders from the Indian Armed Forces.

Differentiator

Problem solved

Functional benefit

Brands

• Techpaulin: Cross laminated films and tarpaulins
• LiteSafe
• Duro Mats
• Meadowz
• INTEGRA
• PRELOG
• EUROCOMBO

Products and services

• Intermediate Bulk Containers (IBC) Reusable bulk liquid storage and transport containers used across chemical, food, pharmaceutical, and agricultural sectors.
• Material Handling Crates (INTEGRA, PRELOG, EUROCOMBO, MULTIFIT, BANANA, DABANG, MAHAGIANT, EUROFRESH) Collapsible and stackable crates for efficient material handling and logistics across supply chains.
• Pallets (Flat, ECO, SMART LEAF) Pallet solutions for drum handling and industrial storage applications.
• Mox Films (Techpaulin Cross Laminated Films, Techpaulin Plus, Techpaulin Bags & Raincoats) Cross laminated films and tarpaulin products under the Techpaulin brand for industrial and consumer applications.
• LPG Composite Cylinder (LiteSafe) Lightweight composite gas cylinders for LPG storage, branded as LiteSafe, offering improved safety over traditional steel cylinders.
• Type IV CNG Cylinder High-pressure Type IV composite CNG cylinders for on-board vehicular applications and CNG cascades for storage and distribution.
• Oxygen/SCBA Cylinder Composite cylinders for oxygen storage and Self-Contained Breathing Apparatus applications.
• Hydrogen Cylinder (Type IV) High-pressure Type IV composite hydrogen storage cylinders for storage and distribution systems, onboard vehicle applications, and UAV/drone applications.
• Industrial Drums and Containers (XL-Ring, Open Top Drums, Classic Open Top Drums, Medium Packaging, Narrow Mouth Polycans) Industrial-grade drums and containers for chemical, pharmaceutical, and food-grade packaging applications.
• Conipails Intermediate bulk containers (IBC) for industrial liquid packaging.
• HDPE and DWC Pipes HDPE and DWC (Double Wall Corrugated) pipes for infrastructure and construction applications.
• Systo HDPE Pipes and Sprinkler Systems ISI-certified HDPE pipes and sprinkler systems manufactured by subsidiary Systoverse.
• Automotive Components (3S Rain Flaps, Deaeration Tanks, Radiator Tanks, Fuel Tanks, Air Ducts) Engineered plastic components for automotive applications including fuel delivery systems and fluid management.
• Duro Mats (Elegant Car Mats, Duro Turf, Premium Car Mats, Duro Soft, Duro Wipe, Cut Mat, Duro Comfort, Duro Gel, Duro Active, Meadowz, Duro Rug) Mats and floor solutions for automotive, industrial, and consumer applications including anti-fatigue mats and artificial grass products.
• Regal Moulded Furniture (Premium Range, Super Range, Economy Range) Moulded furniture products across premium, super, and economy ranges for residential and commercial use.
• Dumpo Bins Industrial storage and waste containment bins.
• VRLA Stationary and Reserve Power Batteries VRLA stationary and reserve power batteries distributed in India through subsidiary PowerBuild Batteries under exclusive agreement with Monbat AD.

Quantifiable outcome

• Revenue growth of 11.9% to Rs 6,105.20 crore in FY26 with net profit up 20.8%
• +5 more outcomes

Named customers4 records

Segments10 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• SystoversecoreOthers · 11 June 2026Time Technoplast executed a share purchase agreement to acquire a 76% equity stake in Systoverse for cash consideration of Rs 1.52 crore, with Systoverse becoming a TTL subsidiary within 30 days. Total projected investment is approximately Rs 25 crore covering acquisition and planned expenditure for plant upgradation, modernization, and capacity expansion at Systoverse's manufacturing facility in Dhule, Maharashtra. Systoverse, incorporated in January 2022, manufactures ISI-certified HDPE pipes and sprinkler systems under the brand Systo, reporting turnover of Rs 1.41 crore for FY26.
• Petroleum and Explosives Safety Organization (PESO)coreOthers · 30 April 2026Government regulatory body that granted approval to Time Technoplast to design and manufacture 250-litre high-pressure Type IV composite hydrogen cylinders, making it the first company in India to secure such approval for this hydrogen storage category.
• TUV Rheinland (India)coreOthers · 30 April 2026Certification partner that, along with PESO, approved Time Technoplast to manufacture and supply high-pressure cylinders. Previously approved the company's composite CNG cylinders.
• Monbat ADcoreChannel Partner/ Reseller/ Distributor · 4 February 2026PowerBuild Batteries, a subsidiary of Time Technoplast, entered into an exclusive multi-year distribution agreement with Bulgaria-based Monbat AD to exclusively distribute Monbat's Valve Regulated Lead-Acid (VRLA) stationary and reserve power battery solutions across India. The collaboration targets India's rapidly expanding data centre, IT infrastructure, and BFSI sectors, aligned with the Government of India's Make in India initiative. Time Technoplast estimates a market opportunity of approximately Rs 3,500-4,000 crore over the next decade.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Greif Inc: Global industrial packaging manufacturer producing steel, plastic, and fibre drums and IBCs. Directly comparable to Time Technoplast's industrial packaging drums and Conipails product lines, albeit at global scale and with broader geographic reach.
• Mauser Packaging Solutions: Global manufacturer of industrial packaging including plastic drums, IBCs, and reconditioned containers. Direct overlap with Time Technoplast's industrial packaging segment serving chemicals and food/pharma customers.
• CIMC Enric Holdings: Chinese manufacturer of high-pressure gas storage equipment including CNG, hydrogen, and LNG cylinders. Comparable product portfolio to Time Technoplast's composite cylinder business with broader global scale.
• Sealed Air Corporation: Global protective packaging company producing films, bubble wrap, and cushioning materials. Comparable to Time Technoplast's Techpaulin cross-laminated films and protective packaging products.
• Finolex Industries Limited: Indian PVC pipe and packaging film manufacturer. Broadly comparable polymer manufacturer with overlapping exposure to Indian infrastructure and packaging end markets.

Direct peers

• Astral Poly Technik Limited: Indian listed polymer products company with leading positions in plumbing, drainage, and industrial piping. Overlaps with Time Technoplast's HDPE/DWC pipe business under the Systo brand and shares the Indian polymer manufacturing cost structure.
• Luxfer Holdings PLC: Manufacturer of high-pressure composite cylinders (Type III/IV) for gas storage including hydrogen, CNG, and SCBA. Direct product-line competitor to Time Technoplast's composite cylinder portfolio.
• Hexagon Composites ASA: Global leader in composite high-pressure cylinders for CNG, hydrogen, and LPG applications. Directly competes with Time Technoplast in the Type IV hydrogen/CNG cylinder market that Time Technoplast is trying to capture in India.
• Supreme Industries Limited: Indian listed diversified polymer products company spanning piping, packaging, industrial products, and consumer goods. Closest like-for-like peer to Time Technoplast across product breadth, Indian market focus, and polymer manufacturing scale.

Regional players

• NCL Industries Limited: Indian polymer-based packaging and building products company producing PVC pipes and packaging films. Operates in similar Indian end-markets and serves as a regional/scale-comparable alternative to Time Technoplast.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/schoeller-arca-time-materials-handling-solutions

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors2 records

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 Time Technoplast