Achut Polymers Private Limited

Achut Polymers Private Limited - manufacturing in Vadodara, Gujarat, India. FY 2026 financials & compliance.
CIN U17120GJ1989PTC013186 Incorporated 29 December 1989 ROC Ahmedabad HQ Vadodara, Gujarat, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2022
₹6.94 Cr
▲ 328% YoY
Net profit · FY 2022
₹9.82 Lakh
Net margin 1.4%
EBITDA · FY 2022
₹1.08 Cr
EBITDA margin 15.5%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹46 Lakh
Issued & subscribed
Open charges
₹4.6 Cr
Satisfied ₹50 Lakh
Company age
37 yrs
Est. 1989
Employees · EPFO
17
Provident fund records

About Achut Polymers Private Limited

Data last updated:

Achut Polymers Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 29 December 1989 and has been in existence for over 37 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ1989PTC013186. Its GSTIN is 24AABCA8060C1Z7 (Gujarat).

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹46 Lakh. It was formerly known as Achut Polymer Private Limited. It is led by directors Pawan Kumar Agarwal (Managing Director) and Piyush Pawan Agarwal.

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 Vadodara, Gujarat.

As per the financials filed for FY 2022, the company reported a revenue of ₹6.94 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9.82 Lakh (net margin 1.4%) and EBITDA of ₹1.08 Cr (EBITDA margin 15.5%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 37% over five years.

The company has about 17 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹4.6 Cr and satisfied charges of ₹50 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.

Achut Polymers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0012401). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website achutpolymerpvtltd.business.site.

Company details

CIN U17120GJ1989PTC013186
Registration Number 013186
Incorporation Date 29 December 1989
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0012401

CIN history

Achut Polymers has one previous CIN (Corporate Identification Number): U17120GJ1989PLC013186. The current CIN is U17120GJ1989PTC013186, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U17120GJ1989PTC013186Current
U17120GJ1989PLC013186Previous
Key People
Pawan Kumar Agarwal Managing Director Piyush Pawan Agarwal Director

Recognitions & Rankings of Achut Polymers

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-24-0012401

Contact details

Achut Polymers Private Limited's registered office is in Vadodara, Gujarat. Its website is achutpolymerpvtltd.business.site. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    achutpolymerpvtltd.business.site
  • Registered Address
    Survey No 300 Rania Poicha Road Village: Poicha Via: Sakarda. Tal: Savl, I, Vadodara, Gujarat, India – 391780
  • Industry
    Manufacturing, Plastic & Resins

To see the full contact details of Achut Polymers Private Limited, buy the company report.

Comprehensive company report
Achut Polymers Private Limited - one report that includes everything
  • 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
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Financials of Achut Polymers Private Limited

FY 2024 filings available

Achut Polymers Private Limited reported revenue of ₹6.94 Cr (up 328% YoY) for FY 2022.

Revenue · FY 2022
₹6.94 Cr ▲ 328%
Net profit · FY 2022
₹9.82 Lakh margin 1.4%
EBITDA · FY 2022
₹1.08 Cr margin 15.5%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 328%
3 years · compounded
▲ 32%
5 years · compounded
▲ 37%
EBITDA CAGR growth
3 years · compounded
▲ 23%
5 years · compounded
▲ 27%

Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 328% growth 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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹6.94 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹1.08 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹9.82 Lakh
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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin15.5%
Net Profit Margin1.4%
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

To see the full financial statements and ratios of Achut Polymers Private Limited, buy the company report.

Board of directors of Achut Polymers Private Limited

Achut Polymers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Piyush Pawan Agarwal
Also directs: Dynamic Hirise Private Limited
Director15 Nov 20178 Years 11 MonthsCurrent
Pawan Kumar AgarwalManaging Director20 Apr 199531 Years 6 MonthsCurrent
View all directors

Auditor

Achut Polymers Private Limited is audited by SHAH MEHTA & BAKSHI for the financial year 2022.

Auditor firmFinancial yearFirm registration number
SHAH MEHTA & BAKSHIFY 2022103824W

Shareholding

The shareholding of Achut Polymers Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2019FY 2018FY 2017
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Achut Polymers Private Limited, buy the company report.

Charges & borrowings

Open charges
₹4.6 Cr
Satisfied charges
₹50 Lakh
Breakdown by lending institutions
Hdfc Bank Limited₹4.60 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
03 Sep 2022100615940Hdfc Bank Limited₹4.6 CrOpen
16 Jul 199290314979Bank of Baroda₹4 LakhSatisfied
07 Mar 199190314724Gujarat Industrial Investment Corporation Ltd.₹46 LakhSatisfied

To see the full charge records of Achut Polymers Private Limited, buy the company report.

Total charge records: 3 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Achut Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Achut Polymers Private Limited has a workforce of 17 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.

Employee count
17
Active EPFO establishments
1
Employee growth
-5.56%

GST

Achut Polymers has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AABCA8060C1Z7GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Achut Polymers Private Limited, buy the company report.

Recent activity

Achut Polymers Private Limited has 4 board changes on record since 1995: 2 appointments and 2 cessations. The latest: Piyush Pawan Agarwal ceased to be Additional Director on 29 Sep 2024.

Charges
A charge with Hdfc Bank Limited of Rs. 460.25 Lakh registered on 03 Sep 2022 with Charge ID 100615940 was modified on 05 Jul 2025.
AGM
Achut Polymers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Piyush Pawan Agarwal ceased to be Additional Director.
Filing
Achut Polymers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 460.25 Lakh with Charge ID 100615940 was registered on 03 Sep 2022.
Ceased
Banshidhar Agarwal ceased to be Director.
Appointed
Piyush Pawan Agarwal was appointed as Director.
Charges
A charge registered on 16 Jul 1992 via Charge ID 90314979 with Bank Of Baroda was fully satisfied on 06 Oct 2015.
Charges
A charge registered on 07 Mar 1991 via Charge ID 90314724 with Gujarat Industrial Investment Corporation Ltd. was fully satisfied on 25 Oct 2001.
Appointed
Pawan Kumar Agarwal was appointed as Managing Director.
Charges
A charge with Bank Of Baroda amounted to Rs. 4.00 Lakh with Charge ID 90314979 was registered on 16 Jul 1992.
Charges
A charge with Bank Of Baroda of Rs. 4.00 Lakh registered on 16 Jul 1992 with Charge ID 90314979 was modified on 16 Jul 1992.

3 earlier events are in the company report.

Frequently asked questions

Achut Polymers is an active private limited company based in Vadodara, Gujarat, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 29 December 1989 (37+ years old) and is registered under CIN U17120GJ1989PTC013186.

Achut Polymers has 2 current directors:

The latest financial statements of Achut Polymers 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 Achut Polymers is 24AABCA8060C1Z7, registered in Gujarat.

The CIN (Corporate Identification Number) of Achut Polymers is U17120GJ1989PTC013186. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Achut Polymers has 1 court case on record: 1 filed by the company.

Achut Polymers was incorporated on 29 December 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Piyush Pawan Agarwal ceased to be Additional Director on 29 Sep 2024. Banshidhar Agarwal ceased to be Director on 15 Nov 2017. Piyush Pawan Agarwal was appointed as Director on 15 Nov 2017. Achut Polymers has 4 board changes on record in total.

Yes, Achut Polymers is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0012401).

Achut Polymers can be reached through the website achutpolymerpvtltd.business.site. Its registered office is in Vadodara, Gujarat, India.