Visagar Polytex Profile
Key Indicators
- Authorised Capital ₹ 80.00 Cr
- Paid Up Capital ₹ 29.27 Cr
- Company Age 41 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 8.41 Cr
- Satisfied Charges ₹ 16.95 Cr
- Revenue Growth -73.48%
- Profit Growth -143.13%
- Ebitda -127.28%
- Net Worth -6.65%
- Total Assets -5.41%
About Visagar Polytex
Visagar Polytex Limited (VPL) is a Public Limited Indian Non-Government Company incorporated in India on 16 June 1983 and has a history of 41 years and ten months. Its registered office is in Mumbai, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 506146 and on the National Stock Exchange(NSE) under VIVIDHA.
The Corporate was formerly known as Barasia Holding&Trading Co Ltd. 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 80.00 Cr and a paid-up capital of Rs 29.27 Cr.
The company currently has active open charges totaling ₹8.41 Cr. The company has closed loans amounting to ₹16.95 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Visagar Polytex Limited India are Sachin Mehta as CFO and Parul Gupta as Company Secretary. Tilokchand Kothari, Kuldeep Kumar, Madhu Vaishnav, and Two other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Manufacturing
Visagar Polytex Limited
Explore comprehensive data for Visagar Polytex Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Visagar Polytex?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Tilokchand Kothari  | Managing Director | 30-Nov-1997 | Current |
| Sachin Mehta | CFO | 28-Mar-2019 | Current |
| Parul Gupta | Company Secretary | 14-Jun-2021 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Kaushal Yadav | Director | 17-Jun-2019 | Current |
| Kuldeep Kumar | Director | 28-Sep-2020 | Current |
| Madhu Vaishnav | Director | 05-Dec-2019 | Current |
| Vikramjit Gill | Director | 02-Jan-2021 | Current |
Financial Performance of Visagar Polytex.
Visagar Polytex Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 73.48% decrease. The company also saw a substantial fall in profitability, with a 143.13% decrease in profit. The company's net worth dipped by a decrease of 6.65%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Visagar Polytex?
In 2023, Visagar Polytex had a promoter holding of 5.63% and a public holding of 94.37%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Visagar Financial Services LimitedTilokchand Kothari, Kuldeep Kumar and 1 more are mutual person
Maharashtra Corporation LimitedTilokchand Kothari, Kuldeep Kumar and 1 more are mutual person
- Visagar Agro Products Private Limited
Vikramjit Gill is a mutual person
Shalimar Productions LimitedTilokchand Kothari and Vikramjit Gill are mutual person
Trisha Studios LimitedTilokchand Kothari and Madhu Vaishnav are mutual person
- Njoymax Ott Entertainment Private Limited
Tilokchand Kothari and Vikramjit Gill are mutual person
Charges (Loans)
Open Charges
₹8.41 Cr
Satisfied Charges
₹16.95 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 8.37 Cr
- Hdfc Bank Limited : 0.04 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Sep 2018 | State Bank Of India | ₹8.37 Cr | Open |
| 17 Jan 2018 | Hdfc Bank Limited | ₹0.38 M | Open |
| 15 Jul 2008 | Hdfc Bank Limited | ₹16.95 Cr | Satisfied |
How Many Employees Work at Visagar Polytex?
Visagar Polytex has a workforce of 2 employees as of Mar 22, 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 Visagar Polytex, 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 Visagar Polytex'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 Visagar Polytex
Recent activity within the organization
- Annual General Meeting
Visagar Polytex Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Visagar Polytex Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Vikramjit Singh Gill was appointed as a Director was appointed as a Director on 02 Jan 2021 & has been associated with this company since 4 years 4 months .
- Director Appointment
Kuldeep Kumar was appointed as a Director was appointed as a Director on 28 Sep 2020 & has been associated with this company since 4 years 7 months .
- Charges
A charge with State Bank Of India of Rs. 8.37 Cr registered on 28 Sep 2018 with Charge ID 100252990 was modified on 29 Feb 2020.
- Director Appointment
Madhu Bala Vaishnav was appointed as a Director was appointed as a Director on 05 Dec 2019 & has been associated with this company since 5 years 5 months .
Recent News, Updates & Announcement
Maharashtra Corp buys 0.44 acre land in Ahmedabad, plans commercial development.As Ahmedabad emerges as a swiftly developing market, there has been a notable surge in real estate activities. The city's location and favourable business environment have drawn the attention of investors and homebuyers alike, fuelling the growth of its real estate sector..
- Visagar Polytex appoints Yash Malhotra as additional director.
Visagar Polytex has informed that the Company had appointed Mr. Yash Malhotra as an Additional Director (Non-Executive, Independent) w.e.f. February 10, 2017. Mr. Yash Malhotra has been further induced in Nomination & Remuneration Committee in place of Mr. Tilokchand Kothari..
Frequently asked questions
What is the Incorporation or founding date of Visagar Polytex Limited?
Visagar Polytex Limited was incorporated on 16 Jun 1983.
What is authorized share capital and paid-up capital of Visagar Polytex Limited?
The authorized share capital of Visagar Polytex Limited is ₹ 80.00 Cr and paid-up capital is ₹ 29.27 Cr.
Who are the current board members & directors of Visagar Polytex Limited?
Currently 7 directors are associated with Visagar Polytex Limited.
- Tilokchand Manaklal Kothari
- Kuldeep Kumar
- Madhu Bala Vaishnav
- Kaushal Singh Yadav
- Vikramjit Singh Gill
- Sachin Chandrakant Mehta
- Parul Gupta
What is the registered address of Visagar Polytex Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Visagar Polytex Limited is 907/908 Dev Plaza Opp. Andheri Fire Station S.V. Road (West), India, Mumbai, Maharashtra, 400058.
What is the corporate identification number (CIN) and company number of Visagar Polytex Limited?
The corporate identification number (CIN) of Visagar Polytex Limited is L65990MH1983PLC030215 and the company number is 030215 as per Ministry of Corporate Affairs (MCA).
Is Visagar Polytex Limited registered with any stock exchange in India?
Yes, Visagar Polytex Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): VIVIDHA.
What is the official website of Visagar Polytex Limited?
The Official website of Visagar Polytex Limited is https://www.visagar.com
What has been the recent revenue trend for Visagar Polytex Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Visagar Polytex Limited has fallen by -73.48%.
How many employees does Visagar Polytex Limited currently have?
As Per 2023 financial reports, 2 employees are currently employed by Visagar Polytex Limited.
What change has been observed in the net worth of Visagar Polytex Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Visagar Polytex Limited has experienced an downturn of -6.65%.
What are the total open charges for Visagar Polytex Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Visagar Polytex Limited amount to ₹ 8.41 Cr.
When was the last Balance Sheet of Visagar Polytex Limited filed with the ROC?
The most recent Balance Sheet for Visagar Polytex Limited was filed with the ROC on 31 Mar 2024.
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