Time Technoplast Ltd - Company Profile
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Business Description
Time Technoplast Ltd (TTL) specializes in the manufacturing and marketing of polymer products. The company operates in 11 countries including the US, Egypt, Saudi Arabia, Bahrain, the UAE, India, Thailand, and Vietnam, among others. It serves a diverse range of industries, including chemicals, FMCG, automotive, agriculture, pharmaceuticals, and construction. TTL products include drums, containers, intermediate bulk containers (IBCs), HDPE pipes, VRLA batteries, turf and mats, fuel tanks, de-aeration tanks, composite cylinders for LPG, CNG, and other gases, and MOX films, DEF tanks, hydraulic oil tanks, among others.
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R&D Overview
TTL operates a comprehensive research and development (R&D) facility to create innovative products that replace traditional metal components. Some of the company's recent innovations include the development of Type-IV composite cylinders for hydrogen and Type-III composite cylinders for oxygen, marking significant advancements in efficient storage and transportation solutions. The company emphasizes continuous technology absorption, adaptation, and innovation, leading to improvements in manufacturing processes and increased efficiencies. In FY2025, the company spent INR27.1 million on R&D, which as a percentage of revenue, stood at 0.04% and grew 32% YoY.
Business Segments
Overview
Include the manufacturing of composite cylinders and cylinders for hydrogen and oxygen. It also offers other products such as Multilayer Multi-axis Oriented X-cross Laminated Film; DEF (Urea) Tanks; Composite Air Tanks; and Hydraulic Oil Tanks. Brands include LiteSafe; NEX-G CNG; Techpaulin; and BreathEasy.
Performance
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Overview
Includes the manufacturing of drums, containers, jerry cans, coin-pack pails, HDPE pipes, DWC pipes, Valve-Regulated Lead-Acid (VRLA) batteries, rain flaps, fuel tanks, turfs, and mats, face shields, among others. Brands include TECHPACK; GNX; Max'M; MaxLife; Duro; Dumpo; TIME; Regal; and Kawach
Performance
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