Time Technoplast (IFC-40768)

  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 28, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 9, 2019

Disclosed by Bank May 29, 2018

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Project Description

This investment involves a loan of approximately US$40 million to fund the capital expenditure of Time Technoplast Limited in India. Time Technoplast Limited is India’s largest manufacturer of polymer-based industrial packaging products (e.g. plastic drums, tanks, pails, pallets, Intermediate Bulk Containers). The expected impacts of project are:

(i) Improved customer access to more packaging and other value-added products.

(ii) Positive environmental effects due to recycling of polymer.

(iii) Positive economywide effects due to creation of additional direct and indirect jobs.

Investment Description
Private Actors Description

Time Technoplast Limited in an India-based multinational company that manufactures and markets polymer products in India, Bahrain, Egypt, Indonesia, Malaysia, the United Arab Emirates, Taiwan, Thailand, and Vietnam. It operates in two segments, Polymer and Composite. 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Time Technoplast Limited Client -

Contact Information

For inquiries about the project:

Time Technoplast Limited 
Mr. Bharat Vageria, Mr. Sandip Modi 
Director, Senior Vice President 
+91 22 7111 9213 / 7111 9999 
55, Corporate Avenue, Saki Vihar Road,Andheri (East), Mumbai 400 072, Maharashtra, India 

For inquiries and comments about IFC

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

For local access for project documentation 

 Mr. Bharat Vageria / Mr. Sandip Modi  

 S. No. 360/9,10,11, Shree Ganesh Industrial Estate, Kachigam, Daman (Union Territory), India 


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