Mehta Polytex Limited
About Mehta Polytex Limited
Data last updated:
Mehta Polytex Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 19 October 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2012PLC072376. Its GSTIN is 24AAICM2941D2ZR (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.99 Cr. It was formerly known as Mehta Polytex Private Limited. It is led by directors including Pravin Anant Nerurkar and Premkumar Sitaram Mahato.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹20.48 Cr, a growth of 115% compared to the previous year. For the same year it recorded a net profit of ₹99.76 Lakh (net margin 4.9%) and EBITDA of ₹1.23 Cr (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years and 29% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Mehta Polytex has one previous CIN (Corporate Identification Number): U17120GJ2012PTC072376. The current CIN is U17120GJ2012PLC072376, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17120GJ2012PLC072376 | Current |
| U17120GJ2012PTC072376 | Previous |
Contact details
Mehta Polytex Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address18 4th Floor Advait Opp. Soham Tower, Nr. Sandesh Press Bodakdev Vastrapur, Ahmedabad, Gujarat, India – 380054
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Mehta Polytex Limited, buy the company report.
- 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
Business activity
The main business activity of Mehta Polytex is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Mehta Polytex Limited, buy the company report.
Financials of Mehta Polytex Limited
FY 2024 filings availableMehta Polytex Limited reported revenue of ₹20.48 Cr (up 115% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 115% growth in the latest year. EBITDA rose 219% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.23 Cr | ||||
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| Net Profit (PAT) | ₹99.76 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | ||||
| Net Profit Margin | 4.9% | ||||
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To see the full financial statements and ratios of Mehta Polytex Limited, buy the company report.
Board of directors of Mehta Polytex Limited
Mehta Polytex has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravin Anant Nerurkar | Director | 06 Aug 2025 | 1 Years 3 Months | Current |
| Premkumar Sitaram Mahato Also directs: Bgil Films & Technologies Limited | Director | 06 Aug 2025 | 1 Years 3 Months | Current |
| Reshma Jagannath Kembari | Director | 06 Aug 2025 | 1 Years 3 Months | Current |
Peer comparison
Mehta Polytex Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Atulniya Designs Private Limited | ₹20.57 Cr (FY 2024) | -24.0% | New Delhi, Delhi, India | |||
| V. R. Overseas Private Limited | ₹20.5 Cr (FY 2024) | 41.0% | Kolkata, West Bengal, India | |||
| Global Woolkon Private Limited | ₹20.49 Cr (FY 2025) | 91.0% | Chandigarh, India | |||
| Mehta Polytex Limitedthis company | ₹20.48 Cr (FY 2024) | ₹99.76 Lakh | 4.9% | 115.0% | Ahmedabad, Gujarat, India | |
| Spruce Enterprises Private Limited | ₹20.47 Cr (FY 2025) | -7.0% | Ichalkaranji, Maharashtra, India | |||
| Solty Agencies Private Limited | ₹20.4 Cr (FY 2024) | 4.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Mehta Polytex Limited, buy the company report.
Auditor
Mehta Polytex Limited is audited by MARK D & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MARK D & Associates | FY 2023 | 170910 |
Shareholding
The shareholding of Mehta Polytex Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mehta Polytex Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mehta Polytex Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mehta Polytex Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mehta Polytex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICM2941D2ZR | Gujarat | Active | 30 Jun 2017 |
To see the full GST registrations and return filing status of Mehta Polytex Limited, buy the company report.
Recent activity
Mehta Polytex Limited has 15 board changes on record since 2015: 6 appointments and 9 cessations. The latest: Gitanjali Hemant Patil ceased to be Director on 06 Aug 2025.
6 earlier events are in the company report.
Frequently asked questions
Mehta Polytex is an active public limited company based in Ahmedabad, Gujarat, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 19 October 2012 (14+ years old) and is registered under CIN U17120GJ2012PLC072376.
Mehta Polytex has 3 current directors:
- Pravin Anant Nerurkar - Director
- Premkumar Sitaram Mahato - Director
- Reshma Jagannath Kembari - Director
The latest financial statements of Mehta Polytex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mehta Polytex is 24AAICM2941D2ZR, registered in Gujarat.
The CIN (Corporate Identification Number) of Mehta Polytex is U17120GJ2012PLC072376. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mehta Polytex was incorporated on 19 October 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Mehta Polytex by revenue are Atulniya Designs Private Limited, V. R. Overseas Private Limited, Global Woolkon Private Limited, Spruce Enterprises Private Limited, Solty Agencies Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Gitanjali Hemant Patil ceased to be Director on 06 Aug 2025. Lakhan Ishwarlal Soni ceased to be Director on 06 Aug 2025. Pravin Anant Nerurkar was appointed as Director on 06 Aug 2025. Mehta Polytex has 15 board changes on record in total.
The registered office of Mehta Polytex is at 18 4th Floor Advait Opp. Soham Tower, Nr. Sandesh Press Bodakdev Vastrapur, Ahmedabad, Gujarat, India – 380054.
Mehta Polytex operates in the home and lifestyle industry, in the textile retail and distribution segment.
The compliance status of Mehta Polytex is compliant as of 30 August 2026. The company is actively filing with the Registrar of Companies.
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