Polynova Industries Profile
Key Indicators
- Authorised Capital ₹ 23.00 Cr
- Paid Up Capital ₹ 22.99 Cr
- Company Age 38 Year, 4 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 four 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. Nilesh Gupta, Khushi Gupta, and Sunil Makharia serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U25209MH1986PLC041294
- Company No.
041294
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
20 Oct 1986
- Date of AGM
02 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Manufacturing
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  | CEO | 01-Oct-2019 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Nilesh Gupta | Director | 22-Jan-2018 | Current |
| Khushi Gupta | Director | 31-Dec-1999 | Current |
| Sunil Makharia | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
Lupin Digital Health LimitedNilesh Gupta and Sunil Makharia are mutual person
Lupin LimitedNilesh Gupta is a mutual person
Lupin Biologics LimitedNilesh Gupta is a mutual person
Lupin Diagnostics LimitedNilesh Gupta and Sunil Makharia are mutual person
Lupin Investments Private LimitedNilesh Gupta and Sunil Makharia are mutual person
Visiomed Investments Private LimitedNilesh Gupta and Sunil Makharia are mutual person
Charges (Loans)
Open Charges
₹73.60 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Polynova Industries
Recent activity within the organization
- Annual General Meeting
Polynova Industries Limited last Annual general meeting of members was held on 02 Sep 2024 as per latest MCA records.
- Balance Sheet
Polynova Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Dhruv Paresh Katira was appointed as a Company Secretary was appointed as a Company Secretary on 15 Jul 2022 & has been associated with this company since 2 years 7 months .
- Charges
A charge with Others of Rs. 20.00 Cr registered on 11 Nov 2021 with Charge ID 100502451 was modified on 31 May 2022.
- Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100502451 was registered on 11 Nov 2021.
- Charges
A charge registered on 08 Dec 1997 via Charge ID 80025033 with State Bank Of India was fully satisfied on 14 Jun 2021.
Frequently asked questions
What is the Incorporation or founding date of Polynova Industries Limited?
Polynova Industries Limited was incorporated on 20 Oct 1986.
What is authorized share capital and paid-up capital of Polynova Industries Limited?
The authorized share capital of Polynova Industries Limited is ₹ 23.00 Cr and paid-up capital is ₹ 22.99 Cr.
Who are the current board members & directors of Polynova Industries Limited?
Currently 6 directors are associated with Polynova Industries Limited.
- Dhruv Paresh Katira
- Vaibhavi Vishwanath Mhadgut
- Pradeep Sanganeria
- Nilesh Deshbandhu Gupta
- Khushi Ram Gupta
- Sunil Makharia
What is the registered address of Polynova Industries Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Polynova Industries Limited is 159 C S T Roadkalina Santacruz E India, Mumbai, Maharashtra, 400098.
What is the corporate identification number (CIN) and company number of Polynova Industries Limited?
The corporate identification number (CIN) of Polynova Industries Limited is U25209MH1986PLC041294 and the company number is 041294 as per Ministry of Corporate Affairs (MCA).
What is the official website of Polynova Industries Limited?
The Official website of Polynova Industries Limited is https://www.polynovaindia.com
What has been the recent revenue trend for Polynova Industries Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Polynova Industries Limited has risen by 9.12%.
How many employees does Polynova Industries Limited currently have?
As Per 2023 financial reports, 299 employees are currently employed by Polynova Industries Limited.
What change has been observed in the net worth of Polynova Industries Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Polynova Industries Limited has experienced an upsurge of 19.82%.
What are the total open charges for Polynova Industries Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Polynova Industries Limited amount to ₹ 73.60 Cr.
When was the last Balance Sheet of Polynova Industries Limited filed with the ROC?
The most recent Balance Sheet for Polynova Industries Limited was filed with the ROC on 31 Mar 2024.
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