Shree TNB Polymers Ltd
Shree TNB Polymers is a Silvassa-based polymer manufacturing company specializing in piping systems, plastic solutions, and industrial sheets. The company produces HDPE pipes, PP/PPH pipes, corrugated pipes, and solid industrial sheets for irrigation, water supply, sewerage, telecom, and construction applications.
Overview
About the Company
Incorporated in March 2007, Shree TNB Polymers Limited is a polymer manufacturing company based in Silvassa, Dadra and Nagar Haveli. The company specializes in producing piping systems and plastic solutions designed for critical applications including irrigation and agriculture, potable water supply, sewerage and drainage systems, telecom cable protection, construction, and industrial usage. Its diversified product portfolio encompasses HDPE pipes and fittings, PP and PPH pipes and fittings, double wall corrugated pipes, sprinkler pipes, drip irrigation systems, and solid industrial sheets for packaging applications. The company operates two manufacturing facilities spanning over 23,000 square meters with a combined annual capacity of 24,000 metric tonnes. These facilities feature in-house quality testing laboratories and hold BIS/ISO certifications across multiple Indian Standards. As of March 2026, the company employed 318 full-time staff members and maintained a distribution network of more than 325 dealers and distributors throughout India, with additional exports to UAE, Sri Lanka, Oman, and Germany.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Capital expenditure for purchase of machinery: ₹15.86 crores
- › Capital expenditure for purchase and installation of solar panels/rooftop: ₹2.60 crores
- › Capital expenditure for construction/installation of Pre-Engineered Building structure for new manufacturing facility: ₹1.32 crores
- › Repayment of certain borrowings: ₹5.62 crores
- › General corporate purposes
✅ Strengths
- ✓ Strong promoter-driven business with deep market understanding and long-standing industry relationships
- ✓ Diversified product portfolio catering to multiple industrial applications including piping, corrugated, and solid industrial sheets
- ✓ Established manufacturing facilities with in-house quality testing laboratories and BIS/ISO certifications
- ✓ Strategic location of production units near major industrial areas with combined capacity of 24,000 MT per annum
- ✓ Extensive distribution network of over 325 dealers and distributors across India with export presence in UAE, Sri Lanka, Oman, and Germany
⚠️ Risks
- ! Significant revenue concentration from top ten customers creating dependency risk
- ! Manufacturing operations conducted on leased facilities and warehouses
- ! Risk of under-utilization of newly expanded manufacturing capacities
- ! Exposure to volatility in raw material supply and pricing affecting profit margins
- ! Stringent regional regulatory compliance requirements with potential penalties for delays
- ! employee count reduced to 298 as of July 2026 with 39 contract laborers indicating workforce fluctuations