Polygel Industries Private Limited

Manufacturer and distributor of specialty chemicals for various industries, with global exports and diverse clientele.

1994 | Thane, Maharashtra (India) | Active
Last Updated:

Polygel Industries Profile

Key Indicators

  • Authorised Capital ₹ 55.00 Cr
  • Paid Up Capital ₹ 20.57 Cr
  • Company Age 30 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 16.13 Cr
  • Satisfied Charges ₹ 86.31 Cr
  • Revenue Growth 8.40%
  • Profit Growth 14.52%
  • Ebitda 157.15%
  • Net Worth 1.93%
  • Total Assets 0.23%

About Polygel Industries

Polygel Industries Private Limited (PIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 04 August 1994 and has a history of 30 years and seven months. Its registered office is in Thane, Maharashtra, India.

The Corporate was formerly known as Khukri Polytex Pvt Ltd. The Company is engaged in the Chemicals And Materials 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 55.00 Cr and a paid-up capital of Rs 20.57 Cr.

The company currently has active open charges totaling ₹16.13 Cr. The company has closed loans amounting to ₹86.31 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Polygel Industries Private Limited India is Krishna Kushwaha as COMPANY SECRETARY. Rahul Raichand, Luv Shah, Anil Phatangare, and Three other members serve as directors at the Company.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17120MH1994PTC080074

  • Company No.

    080074

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    04 Aug 1994

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Chemicals and Materials

What products or services does Polygel Industries Private Limited offer?

Polygel Industries Private Limited offers a wide range of products and services, including Cross Linking Agent, Adhesive Chemical, Adhesive Compounds, Resin Adhesives, Synthetic Adhesives, Solvent Based Adhesives, Synthetic Rubber Adhesive, Structural Adhesives, Construction Adhesives, Masterbatches.

Who are the key members and board of directors at Polygel Industries?

Executive Team (2)

NameDesignationAppointment DateStatus
Luv Shah Country flag representing In Managing Director02-Dec-1996Current
Krishna Kushwaha Company Secretary03-Jan-2024Current

Board Members (5)

NameDesignationAppointment DateStatus
Anil Phatangare Country flag representing In Director 30-Sep-2024Current
Rahul Raichand Country flag representing In Director 19-Mar-2018Current
Ranjit Singh Country flag representing In Director 20-Oct-2023Current
Chetan Shah Country flag representing In Director 20-Oct-2023Current
Nand Shah Country flag representing In Director 30-Sep-2013Current

Financial Performance of Polygel Industries.

Polygel Industries Private Limited, for the financial year ended 2022, experienced modest growth in revenue, with a 8.4% increase. The company also saw a substantial improvement in profitability, with a 14.52% increase in profit. The company's net worth moved up by a moderate rise of 1.93%.

Polygel Industries revenue growth over time
Polygel Industries profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
8.40%
Revenue from Operations
11.23%
Total Assets
0.23%
Profit or Loss
14.52%
Net Worth
1.93%
EBITDA
157.15%

What is the Ownership and Shareholding Structure of Polygel Industries?

In 2022, Polygel Industries had a promoter holding of 86.87% and a public holding of 13.14%. The company had 1 Subsidiary and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹16.13 Cr

Satisfied Charges

₹86.31 Cr

Charges Breakdown by Lending Institutions

  • Others : 16.13 Cr

Latest Charge Details

DateLenderAmountStatus
04 Nov 2024Others₹10.00 CrOpen
16 Jun 2022Others₹2.80 MOpen
22 Feb 2022Others₹5.57 MOpen
29 Nov 2021Others₹5.29 CrOpen
06 Dec 2014Sbi Global Factors Limited₹4.25 CrSatisfied

How Many Employees Work at Polygel Industries?

Polygel Industries has a workforce of 127 employees as of Apr 08, 2024. 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.

Employee growth trends for Polygel Industries Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Polygel 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 Polygel Industries's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Polygel Industries

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100996808 was registered on 04 Nov 2024.

  • Annual General Meeting

    Polygel Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Director Appointment

    Anil Sayaji Phatangare was appointed as a Director was appointed as a Director on 30 Sep 2024 & has been associated with this company since 5 months 27 days .

  • Balance Sheet

    Polygel Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Krishna Kumar Kushwaha was appointed as a Company Secretary was appointed as a Company Secretary on 03 Jan 2024 & has been associated with this company since 1 year 2 months .

  • Director Appointment

    Ranjit Singh was appointed as a Director was appointed as a Director on 20 Oct 2023 & has been associated with this company since 1 year 5 months .

Frequently asked questions

  • What is the Incorporation or founding date of Polygel Industries Private Limited?

    Polygel Industries Private Limited was incorporated on 04 Aug 1994.

  • What is authorized share capital and paid-up capital of Polygel Industries Private Limited?

    The authorized share capital of Polygel Industries Private Limited is ₹ 55.00 Cr and paid-up capital is ₹ 20.57 Cr.

  • Who are the current board members & directors of Polygel Industries Private Limited?

    Currently 7 directors are associated with Polygel Industries Private Limited.

    • Rahul Vijay Raichand
    • Luv Nandkishore Shah
    • Anil Sayaji Phatangare
    • Ranjit Singh
    • Krishna Kumar Kushwaha
    • Chetan Navin Shah
    • Nand Kishore Shah

  • What is the registered address of Polygel Industries Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Polygel Industries Private Limited is 321 The Great Eastern Galleria Plot No 20 Sector - 4 Nerul West, India, Navi Mumbai, Maharashtra, 400706.

  • What is the corporate identification number (CIN) and company number of Polygel Industries Private Limited?

    The corporate identification number (CIN) of Polygel Industries Private Limited is U17120MH1994PTC080074 and the company number is 080074 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Polygel Industries Private Limited?

    The Official website of Polygel Industries Private Limited is https://www.polygelglobal.com

  • What has been the recent revenue trend for Polygel Industries Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Polygel Industries Private Limited has risen by 8.40%.

  • How many employees does Polygel Industries Private Limited currently have?

    As Per 2022 financial reports, 127 employees are currently employed by Polygel Industries Private Limited.

  • What change has been observed in the net worth of Polygel Industries Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Polygel Industries Private Limited has experienced an upsurge of 1.93%.

  • What are the total open charges for Polygel Industries Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Polygel Industries Private Limited amount to ₹ 16.13 Cr.

  • When was the last Balance Sheet of Polygel Industries Private Limited filed with the ROC?

    The most recent Balance Sheet for Polygel Industries Private Limited was filed with the ROC on 31 Mar 2024.

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