Polar Industries Profile
Key Indicators
- Authorised Capital ₹ 28.00 Cr
- Paid Up Capital ₹ 21.45 Cr
- Company Age 42 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 192.28 Cr
- Satisfied Charges ₹ 27.64 Cr
- Revenue Growth %
- Ebitda
- Net Worth -0.00%
- Total Assets 171.09%
About Polar Industries
Polar Industries Ltd (PIL) is a Public Limited Indian Non-Government Company incorporated in India on 19 June 1982 and has a history of 42 years and ten months. Its registered office is in Kolkata, West Bengal, India.
The Company is engaged in the Consumer Electronics & Durables Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 28.00 Cr and a paid-up capital of Rs 21.45 Cr.
The company currently has active open charges totaling ₹192.28 Cr. The company has closed loans amounting to ₹27.64 Cr, as per Ministry of Corporate Affairs (MCA) records.
Sunil Agarwal, Anil Agarwal, Jog Lal, and One other member serve as directors at the Company.
Company Details
- Location
Kolkata, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U29303WB1982PLC034996
- Company No.
034996
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
19 Jun 1982
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Consumer Electronics & Durables
Polar Industries Ltd
Explore comprehensive data for Polar Industries Ltd, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Polar Industries?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Anil Agarwal  | Managing Director | 16-Dec-1983 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jog Lal | Director | 04-Jan-2020 | Current |
| Sunil Agarwal | Director | 20-Jan-1990 | Current |
| Tunnu Mahato | Director | 30-Nov-2018 | Current |
Financial Performance of Polar Industries.
Polar Industries Ltd, for the financial year ended 2024, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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| Total Assets |
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| EBITDA |
What is the Ownership and Shareholding Structure of Polar Industries?
In 2024, Polar Industries had a promoter holding of 28.65% and a public holding of 71.35%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Charges (Loans)
Open Charges
₹192.28 Cr
Satisfied Charges
₹27.64 Cr
Charges Breakdown by Lending Institutions
- Punjab National Bank : 118.09 Cr
- Allahabad Bank : 23.86 Cr
- The Saraswat Co-Operative Bank Limited : 18.00 Cr
- Ifci Limited : 11.00 Cr
- Asset Reconstruction Company (India) Limited : 5.82 Cr
- Others : 15.51 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 May 2011 | The Saraswat Co-Operative Bank Limited | ₹9.00 Cr | Open |
| 31 Mar 2011 | The Saraswat Co-Operative Bank Limited | ₹9.00 Cr | Open |
| 04 Sep 2006 | Mr Sunil Gupta | ₹2.00 Cr | Open |
| 16 Oct 2002 | Western India Trustee And Executor Co. Ltd | ₹2.07 M | Open |
| 11 Dec 2001 | Allahabad Bank | ₹2.70 Cr | Open |
How Many Employees Work at Polar Industries?
Polar Industries has a workforce of 0 employees as of Jan 07, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Polar Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Polar Industries's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Polar Industries
Recent activity within the organization
- Annual General Meeting
Polar Industries Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge registered on 26 Mar 1997 via Charge ID 80046810 with Idbi was fully satisfied on 26 Jul 2024.
- Balance Sheet
Polar Industries Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
- Director Appointment
Jog Lal was appointed as a Director was appointed as a Director on 04 Jan 2020 & has been associated with this company since 5 years 4 months .
- Director Appointment
Tunnu Mahato was appointed as a Director was appointed as a Director on 30 Nov 2018 & has been associated with this company since 6 years 5 months .
- Charges
A charge with The Saraswat Co-Operative Bank Limited of Rs. 9.00 Cr registered on 02 May 2011 with Charge ID 10285786 was modified on 30 May 2011.
Frequently asked questions
What is the Incorporation or founding date of Polar Industries Ltd?
Polar Industries Ltd was incorporated on 19 Jun 1982.
What is authorized share capital and paid-up capital of Polar Industries Ltd?
The authorized share capital of Polar Industries Ltd is ₹ 28.00 Cr and paid-up capital is ₹ 21.45 Cr.
Who are the current board members & directors of Polar Industries Ltd?
Currently 4 directors are associated with Polar Industries Ltd.
- Sunil Agarwal
- Anil Kumar Agarwal
- Jog Lal
- Tunnu Mahato
What is the registered address of Polar Industries Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Polar Industries Ltd is 18 Rabindra Sarani, Poddar Court Building India, Kolkata, West Bengal, 700001.
What is the corporate identification number (CIN) and company number of Polar Industries Ltd?
The corporate identification number (CIN) of Polar Industries Ltd is U29303WB1982PLC034996 and the company number is 034996 as per Ministry of Corporate Affairs (MCA).
What is the official website of Polar Industries Ltd?
The Official website of Polar Industries Ltd is https://www.polarindustries.ca
What change has been observed in the net worth of Polar Industries Ltd, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Polar Industries Ltd has experienced an downturn of -0.00%.
What are the total open charges for Polar Industries Ltd?
As per the financial statements for fiscal Year 2024, The total open charges for Polar Industries Ltd amount to ₹ 192.28 Cr.
When was the last Balance Sheet of Polar Industries Ltd filed with the ROC?
The most recent Balance Sheet for Polar Industries Ltd was filed with the ROC on 31 Mar 2024.
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