All Time Plastics is fundamentally a design-to-delivery factory for the world’s biggest retailers - it makes the plastic containers, bins, hangers and furniture you see on store shelves, but almost never with its own name on them. The company started in 1971 as a small Mumbai moulding shop called Chhaya Plastics, and over five decades it pivoted decisively toward export markets, becoming India’s largest exporter of plastic houseware and furniture by operating as a white-label (unbranded, made-to-order) manufacturing partner. The recurring approach that explains everything else is a model built on sticky, long-cycle customer relationships: it designs the product, builds the mould, runs it on highly automated all-electric machines, and ships it - so the retailer gets a reliable, single-source supply chain that is hard to walk away from. # Business segments A single engine powering two routes to market - a large-scale B2B white-label export factory that also sells a small, growing branded range at home, now planting an adjacent bamboo business for the future. ## 1. Plastic consumer ware: the white-label factory for global retail **ATPL designs, moulds and ships plastic houseware and furniture for the world’s largest retailers, earning repeat orders because the customer invests in a custom mould that only ATPL runs.** - **Design-to-delivery under one roof** - a 16-person in-house product and mould design team creates the item, builds the mould and manufactures the finished product, so the retailer shortens its own development cycle and deals with a single supplier rather than three separate ones. - **The mould is the moat** - in injection-moulded plastics, a product cannot be made without its specific mould; once a customer commissions a mould and qualifies the output, switching suppliers means starting over, which creates high switching costs and customer tenures that stretch beyond 15 years for a third of the top 20 accounts. - **Three plants, 39,000 tonnes of capacity** - the manufacturing footprint spans Daman (9,500 tonnes per year), Silvassa (19,500 tonnes) and Khatalwada, Gujarat (10,000 tonnes), running 170 injection-moulding machines, of which nearly a quarter are all-electric units that cut power costs by 50-60%. - **Eight product categories, two raw-material streams** - the factory output splits across Containers (39% of revenue), Prep Time items like bowls and cutting boards (34%), Organization bins (15%) and five smaller categories; in FY26 the company processed 26,300 metric tonnes of polymer, of which roughly 30% was recycled plastic - a share that increased from the prior year. - **Exports to 29 countries, anchored in Europe** - the European Union takes 58% of revenue, the UK and the US 12% each, and the remaining 17% spans other markets; the export share of total revenue has held steady in the mid-to-high 80s for the past four years. ## 2. Domestic branded sales: the home-market stabiliser **A small but deliberate own-brand business in India that earns slightly better margins and acts as a counterweight to export cycles.** - **“All Time” on the label** - the company sells its own branded plastic houseware in the Indian market, which accounted for 9% of total sales in FY25 and can carry margins 1-2 percentage points higher than white-label work, depending on the product mix. - **Building distribution from scratch** - the domestic push is being staffed with a General Manager for Modern Trade and E-commerce, and the plan is to widen general-trade reach, scale online presence and launch categories designed specifically for Indian households. - **Faster onboarding, different rhythm** - while a new export retail customer can take six months or a full season to qualify, a domestic customer typically comes on board within a few weeks, giving the company a quicker-turn complement to its long-cycle export engine. ## 3. Engineered bamboo: the green adjacency under construction **A pilot-stage bet on bamboo kitchenware and home goods that reuses the same design-and-export playbook, built inside a new subsidiary.** - **Plastic’s playbook, different raw material** - the bamboo business, housed in wholly-owned All Time Bamboo Private Limited (incorporated 2025), applies ATPL’s existing strengths in product design, quality control and export-customer access to a material that is new to the company but demanded by the same global retailers. - **Split manufacturing: Assam boards, Gujarat finishing** - upstream engineered bamboo boards will be pressed at a newly leased 75,000-square-foot facility in Guwahati (first-phase capacity of 3,000 cubic metres per year), while downstream carpentry and finishing happens at the Khatalwada plant, where a quarter of the expanded building space is reserved for bamboo. - **One product already approved** - a pilot bamboo facility is running, one product has received customer sign-off and is advancing to the next stage, and machinery orders for both the Guwahati board line and the Khatalwada finishing line have been placed. - **Government partnership as an accelerator** - a non-binding three-year MoU with the North East Cane and Bamboo Development Council (a statutory body under India’s Ministry of Development of the North Eastern Region) empanels ATPL as a Product and Market Development Partner, giving it a formal role in prototyping, certification readiness and market linkage for bamboo products originating in Assam and Nagaland. # Group structure and partners **A listed Indian parent with two wholly-owned subsidiaries - one a Singapore trading vehicle, the other the bamboo startup - plus a joint venture that opens doors to new export customers.** - **All Time Plastics Limited** is the listed entity, trading on BSE and NSE, and the operating company behind the three plastic factories. - **All Time Plastics Pte. Ltd.** is a Singapore-incorporated subsidiary set up in 2014-15 to support overseas operations. - **All Time Bamboo Private Limited** is the 2025-incorporated subsidiary that holds the bamboo consumer-ware business. - **Dragon Bridge joint venture** - a December 2024 agreement with Dragon Bridge Pte. Limited gives ATPL access to new customers through a partner that handles design while ATPL manufactures; the JV has already secured orders from a US and an Australian customer, and a February 2026 amendment lets ATPL service customers directly where the partner has not played a material marketing role.