Polyflex(India) Profile
Key Indicators
- Authorised Capital ₹ 7.50 M
- Paid Up Capital ₹ 5.92 M
- Company Age 41 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 5.75 Cr
- Satisfied Charges ₹ 61.84 Cr
- Revenue Growth 41.00%
- Profit Growth 48.01%
- Ebitda -289.13%
- Net Worth 10.24%
- Total Assets 9.43%
About Polyflex(India)
Polyflex(India) Private Limited (PPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 07 November 1983 and has a history of 41 years and four months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Consumer Goods 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 7.50 M and a paid-up capital of Rs 5.92 M.
The company currently has active open charges totaling ₹5.75 Cr. The company has closed loans amounting to ₹61.84 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vinay Panjabi, Anand Nichani, Swarna Nichani, and One other member serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U24134KA1983PTC005669
- Company No.
005669
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
07 Nov 1983
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Consumer Goods
Who are the key members and board of directors at Polyflex(India)?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sreenidhi Nichani  | Director | 25-Aug-2021 | Current |
| Vinay Panjabi | Director | 30-Nov-2000 | Current |
| Anand Nichani | Whole-Time Director | 28-Sep-1992 | Current |
| Swarna Nichani | Director | 30-Aug-2017 | Current |
Financial Performance of Polyflex(India).
Polyflex(India) Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 41% increase. The company also saw a substantial improvement in profitability, with a 48.01% increase in profit. The company's net worth Soared by an impressive increase of 10.24%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Polyflex(India)?
Unlock access to Polyflex(India)'s control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
Related Corporates (Common Directorship)
Garuda Polyflex Foods Private LimitedAnand Nichani is a mutual person
- V H P A & Co Llp
Vinay Panjabi is a mutual person
- Light And Shade Electricals Private Limited
Vinay Panjabi is a mutual person
- Chitravati Consultants Private Limited
Vinay Panjabi is a mutual person
- Proximity Innovations Private Limited
Vinay Panjabi is a mutual person
- Panjabi Fiscal Services Pvt Ltd
Vinay Panjabi is a mutual person
Charges (Loans)
Open Charges
₹57.50 M
Satisfied Charges
₹618.40 M
Charges Breakdown by Lending Institutions
- Others : 3.00 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 2.75 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Nov 2024 | Others | ₹3.00 Cr | Open |
| 20 Sep 2023 | The Hongkong And Shanghai Banking Corporation Limited | ₹2.75 Cr | Open |
| 12 Dec 2012 | Corporation Bank | ₹7.50 Cr | Satisfied |
| 22 Apr 2001 | Citibank N.A | ₹4.00 Cr | Satisfied |
| 20 Nov 1999 | Karnataka State Financial Corportion | ₹1.60 M | Satisfied |
How Many Employees Work at Polyflex(India)?
Unlock and access historical data on people associated with Polyflex(India), such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Polyflex(India), 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 Polyflex(India)'s trajectory.
Rating
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Alerts
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Latest Updates, News, and FAQs on Polyflex(India)
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 30.00 M with Charge ID 101004953 was registered on 13 Nov 2024.
- Annual General Meeting
Polyflex(India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Polyflex(India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 27.50 M with Charge ID 100808205 was registered on 20 Sep 2023.
- Charges
A charge registered on 12 Dec 2012 via Charge ID 10398042 with Corporation Bank was fully satisfied on 18 May 2023.
- Director Appointment
Sreenidhi Anand Nichani was appointed as a Director was appointed as a Director on 25 Aug 2021 & has been associated with this company since 3 years 6 months .
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Polyflex(India) Private Limited?
Polyflex(India) Private Limited was incorporated on 07 Nov 1983.
What is authorized share capital and paid-up capital of Polyflex(India) Private Limited?
The authorized share capital of Polyflex(India) Private Limited is ₹ 7.50 M and paid-up capital is ₹ 5.92 M.
Who are the current board members & directors of Polyflex(India) Private Limited?
Currently 4 directors are associated with Polyflex(India) Private Limited.
- Vinay Hiru Panjabi
- Anand Balram Nichani
- Swarna Nichani
- Sreenidhi Anand Nichani
What is the registered address of Polyflex(India) Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Polyflex(India) Private Limited is Royal Park No. 5 6 First Floor Road Tasker Town, Ward 78 India, Bangalore, Karnataka, 560051.
What is the corporate identification number (CIN) and company number of Polyflex(India) Private Limited?
The corporate identification number (CIN) of Polyflex(India) Private Limited is U24134KA1983PTC005669 and the company number is 005669 as per Ministry of Corporate Affairs (MCA).
What is the official website of Polyflex(India) Private Limited?
The Official website of Polyflex(India) Private Limited is https://www.magniflexindia.com
What has been the recent revenue trend for Polyflex(India) Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Polyflex(India) Private Limited has risen by 41.00%.
What change has been observed in the net worth of Polyflex(India) Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Polyflex(India) Private Limited has experienced an upsurge of 10.24%.
What are the total open charges for Polyflex(India) Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Polyflex(India) Private Limited amount to ₹ 5.75 Cr.
When was the last Balance Sheet of Polyflex(India) Private Limited filed with the ROC?
The most recent Balance Sheet for Polyflex(India) Private Limited was filed with the ROC on 31 Mar 2024.
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Nichani BalramManaging Director