Indo Star Polyesters Private Limited
About Indo Star Polyesters Private Limited
Data last updated:
Indo Star Polyesters Private Limited is a private limited company based in Hatkanangle, Maharashtra, India. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 15 October 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U17115PN1999PTC014080. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Vanita Maruti Gayakwad and Abhijit Bhausaheb Kavade.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hatkanangle, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹91.35 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net profit of ₹78,197 (net margin 0.9%) and EBITDA of ₹1 Lakh (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 277% over three years and 127% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressGala No. 11, Akshay Apartment, Hatkanangle, Maharashtra, India – 416115
- IndustryAppreal & Fashion, Leather, Textile, Apparel
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Financials of Indo Star Polyesters Private Limited FY 2025 filings available
Indo Star Polyesters Private Limited reported revenue of ₹91.35 Lakh (down 89% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Indo Star Polyesters Private Limited
Revenue fell 89% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 127%. EBITDA rose 108% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Indo Star Polyesters Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹78,197 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Indo Star Polyesters Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Indo Star Polyesters are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Indo Star Polyesters Private Limited
Indo Star Polyesters has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vanita Maruti Gayakwad Also directs: King the Land Water and Amusement Park Private Limited | Director | 05 May 2024 | 2 Years 5 Months | Current |
| Abhijit Bhausaheb Kavade | Director | 26 Mar 2024 | 2 Years 6 Months | Current |
| Manisha Vishal Jadhav | Director | 26 Mar 2024 | 2 Years 6 Months | Current |
| Sanket Sanjay Bajaj Also directs: Amicable Constructions and Management LLP, Shri Haripriya Builders and Developers LLP, Srivari Shubha Developers LLP and 3 more | Director | 26 Mar 2024 | 2 Years 6 Months | Current |
| Harshal Nitin Dhoot Also directs: MDM RMC LLP, Uranus Realtors Private Limited | Director | 24 May 2022 | 4 Years 4 Months | Current |
| Ayush Prakash Shah | Director | 24 May 2022 | 4 Years 4 Months | Current |
Peer Comparison of Indo Star Polyesters Private Limited
Indo Star Polyesters Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nij Textiles Private Limited | ₹91.62 Lakh (FY 2025) | •••• | •••• | 92.0% | •••• | Surat, Gujarat, India |
| Sufi Textiles Designer Private Limited | ₹91.62 Lakh (FY 2025) | •••• | •••• | 79.0% | •••• | New Delhi, Delhi, India |
| Home Idea Upholstery Private Limited | ₹91.48 Lakh (FY 2016) | •••• | •••• | -99.0% | •••• | Mumbai, Maharashtra, India |
| NZ Tech Textile India Private Limited | ₹91.43 Lakh (FY 2024) | •••• | •••• | -97.0% | •••• | Bhiwandi, Maharashtra, India |
| Harshita Weaves Pvt. Ltd | ₹91.43 Lakh (FY 2025) | •••• | •••• | •••• | Surat, Gujarat, India | |
| Indo Star Polyesters Private Limited this company | ₹91.35 Lakh (FY 2024) | •••• | •••• | -89.0% | •••• | Hatkanangle, Maharashtra, India |
| Sinalkar Private Limited | ₹91.34 Lakh (FY 2025) | •••• | •••• | -47.0% | •••• | Ekvira Nagar, Vangani, Maharashtra, India |
| Comfort Cotton Tex Private Limited | ₹91.31 Lakh (FY 2023) | •••• | •••• | -50.0% | •••• | Chandigarh, India |
| R.N.Fabrics Private Limited | ₹91.05 Lakh (FY 2025) | •••• | •••• | -7.0% | •••• | New Delhi, Delhi, India |
| Ganga Textiles Limited | ₹91.05 Lakh (FY 2016) | •••• | •••• | 1243.0% | •••• | Coimbatore, Tamil Nadu, India |
| Shri Lakshmi Vasant Spinners Private Limited | ₹90.89 Lakh (FY 2024) | •••• | •••• | -74.0% | •••• | Secunderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Indo Star Polyesters by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Indo Star Polyesters Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Indo Star Polyesters Private Limited
Indo Star Polyesters Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Indo Star Polyesters Private Limited
Employment history and EPFO contributions of people linked to Indo Star Polyesters.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Indo Star Polyesters Private Limited
Indo Star Polyesters Private Limited has 15 board changes on record since 2010: 6 appointments and 9 cessations. The latest: Vanita Maruti Gayakwad ceased to be Additional Director on 29 Sep 2024.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Indo Star Polyesters Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Indo Star Polyesters Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Indo Star Polyesters Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Indo Star Polyesters Private Limited
Indo Star Polyesters has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Indo Star Polyesters Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Indo Star Polyesters Private Limited
Indo Star Polyesters is an active private limited company based in Hatkanangle, Maharashtra, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 15 October 1999 (27+ years old) and is registered under CIN U17115PN1999PTC014080.
Indo Star Polyesters reported revenue of ₹91.35 Lakh for FY 2024 (down 89% YoY).
Indo Star Polyesters has 6 current directors:
- Vanita Maruti Gayakwad - Director
- Abhijit Bhausaheb Kavade - Director
- Manisha Vishal Jadhav - Director
- Sanket Sanjay Bajaj - Director
- Harshal Nitin Dhoot - Director
- Ayush Prakash Shah - Director
Indo Star Polyesters reported a net profit of ₹78,197 (net margin 0.9%) and EBITDA of ₹1 Lakh (EBITDA margin 1.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indo Star Polyesters is 277% over three years and 127% over five years. In the latest year (FY 2024) revenue fell 89%. CAGR is the steady yearly rate that links the first and the last year.
No. Indo Star Polyesters has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Indo Star Polyesters is U17115PN1999PTC014080. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indo Star Polyesters was incorporated on 15 October 1999, making it 27+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Indo Star Polyesters by revenue are Nij Textiles Private Limited, Sufi Textiles Designer Private Limited, Home Idea Upholstery Private Limited, NZ Tech Textile India Private Limited, Harshita Weaves Pvt. Ltd and 5 more, all in the Manufacturing industry (Textiles).
Vanita Maruti Gayakwad ceased to be Additional Director on 29 Sep 2024. Vanita Maruti Gayakwad was appointed as Director on 05 May 2024. Abhijit Bhausaheb Kavade was appointed as Director on 26 Mar 2024. Indo Star Polyesters has 15 board changes on record in total.
The registered office of Indo Star Polyesters is at Gala No. 11, Akshay Apartment, Hatkanangle, Maharashtra, India – 416115.