Polynova Industries Profile
Key Indicators
- Authorised Capital ₹ 23.00 Cr
- Paid Up Capital ₹ 22.99 Cr
- Company Age 38 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 73.60 Cr
- Satisfied Charges ₹ 74.71 Cr
- Revenue Growth 9.12%
- Profit Growth 105.63%
- Ebitda 71.47%
- Net Worth 19.82%
- Total Assets 10.09%
About Polynova Industries
Polynova Industries Limited (PIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 20 October 1986 and has a history of 38 years and three months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Lupin Polymers Limited. The Company is engaged in the Manufacturing 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 23.00 Cr and a paid-up capital of Rs 22.99 Cr.
The company currently has active open charges totaling ₹73.60 Cr. The company has closed loans amounting to ₹74.71 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Polynova Industries Limited India are Dhruv Katira as Company Secretary, Vaibhavi Mhadgut as Cfo, and Pradeep Sanganeria as Ceo.
Company Details
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U25209MH1986PLC041294
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Company No.
041294
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
20 Oct 1986
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Date of AGM
02 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
What products or services does Polynova Industries Limited offer?
Polynova Industries Limited offers a wide range of products and services, including Footwear Laces, Insole & Accessories, Footwear Accessories, Industrial Fabrics and Textiles, Coated Fabric, Tents, Tarpaulins & PE Covers, Tarpaulins, Casual Shoes, Men Casual Shoes, Shoes, Formal Footwear.
Who are the key members and board of directors at Polynova Industries?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Dhruv Katira | Company Secretary | 15-Jul-2022 | Current |
| Vaibhavi Mhadgut | CFO | 26-Mar-2021 | Current |
Pradeep Sanganeria
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CEO | 01-Oct-2019 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Nilesh Gupta
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Director | 22-Jan-2018 | Current |
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Khushi Gupta
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Director | 31-Dec-1999 | Current |
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Sunil Makharia
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Director | 31-Aug-2001 | Current |
Financial Performance of Polynova Industries.
Polynova Industries Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 9.12% increase. The company also saw a substantial improvement in profitability, with a 105.63% increase in profit. The company's net worth Soared by an impressive increase of 19.82%.
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What is the Ownership and Shareholding Structure of Polynova Industries?
In 2023, Polynova Industries had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Lupin Digital Health LimitedNilesh Gupta and Sunil Makharia are mutual person
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Lupin LimitedNilesh Gupta is a mutual person
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Lupin Biologics LimitedNilesh Gupta is a mutual person
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Lupin Diagnostics LimitedNilesh Gupta and Sunil Makharia are mutual person
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Lupin Investments Private LimitedNilesh Gupta and Sunil Makharia are mutual person
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Visiomed Investments Private LimitedNilesh Gupta and Sunil Makharia are mutual person
Charges (Loans)
₹73.60 Cr
₹74.71 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 53.60 Cr
- Others : 20.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Nov 2021 | Others | ₹20.00 Cr | Open |
| 05 Jun 1996 | State Bank Of India | ₹53.60 Cr | Open |
| 30 Jun 2006 | Sundraram Finance Ltd | ₹0.75 M | Satisfied |
| 08 Dec 1997 | State Bank Of India | ₹65.20 Cr | Satisfied |
| 24 Jul 1990 | The Industrial Credit & Investment Corporation Of India Ltd. | ₹0.00 | Satisfied |
How Many Employees Work at Polynova Industries?
Polynova Industries has a workforce of 299 employees as of Apr 01, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Polynova 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 Polynova 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.
