Adept Polymers Private Limited

Adept Polymers Private Limited - manufacturing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U26102KA1988PTC009182 Incorporated 10 June 1988 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company manufacturing
Data last updated
Revenue · FY 2024
₹62,573
▼ 1% YoY
Net profit · FY 2024
₹1,139
Net margin 1.8%
EBITDA · FY 2024
₹1,139
EBITDA margin 1.8%
Authorised capital
₹5.5 Cr
Registered with MCA
Paid-up capital
₹4.89 Cr
Issued & subscribed
Satisfied charges
₹8.37 Cr
No open charges
Company age
38 yrs
Est. 1988
Employees · EPFO
15
Provident fund records

About Adept Polymers Private Limited

Data last updated:

Adept Polymers Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 10 June 1988 and has been in existence for over 38 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U26102KA1988PTC009182. Its GSTIN is 29AABCA2121N1ZS (Karnataka). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹4.89 Cr. It is led by directors including Mahalakshmi Chandrasekharan and Karthik Mandakolathur Chandrasekhar.

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 555 3rd Main Road 4th Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.

As per the financials filed for FY 2024, the company reported a revenue of ₹62,573, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹1,139 (net margin 1.8%) and EBITDA of ₹1,139 (EBITDA margin 1.8%). Revenue has declined at a compounded annual rate (CAGR) of 83% over three years.

The company has about 15 employees on its provident fund (EPFO) records.

As per MCA filings, the company has satisfied charges of ₹8.37 Cr on record. Court records list 7 cases involving the company, including 7 filed against it.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adeptpolymers.com.

Company Details of Adept Polymers Private Limited
CIN U26102KA1988PTC009182
Registration Number 009182
Incorporation Date 10 June 1988
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Mahalakshmi Chandrasekharan Director Karthik Mandakolathur Chandrasekhar Director Pauline Supriya David Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    adeptpolymers.com
  • Social Media
    Locked
  • Registered Address
    555 3rd Main Road 4th Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
  • Industry
    Manufacturing, Plastic-Based Products
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Financials, compliance, directors, charges, ownership and filings for Adept Polymers Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Financials of Adept Polymers Private Limited FY 2024 filings available

Adept Polymers Private Limited reported revenue of ₹62,573 (down 1% YoY) for FY 2024.

Revenue · FY 2024
₹62,573 ▼ 1%
Net profit · FY 2024
₹1,139 margin 1.8%
EBITDA · FY 2024
₹1,139 margin 1.8%

Compounded Annual Growth Rate (CAGR) of Adept Polymers Private Limited

Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▼ 83%
EBITDA CAGR growth
1 year
▼ 52%
3 years · compounded
▼ 92%

Revenue has declined at a compounded annual rate (CAGR) of 83% over three years, including a 1% fall in the latest year. EBITDA fell 52% 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 Adept Polymers Private Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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₹1,139••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹1,139••••••••••••••••
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 Adept Polymers Private Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin1.8%••••••••••••••••
Net Profit Margin1.8%••••••••••••••••
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 Adept Polymers are in the company report.

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Financial statements from 2015

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Peer Comparison of Adept Polymers Private Limited

Adept Polymers Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Plastic Based Products, Polymers). Revenue, net profit, margin and growth of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Roshan Polymers Private Limited••••••••••••••••-New Delhi, Delhi, India
Parshav Polymers Private Limited••••••••••••••••-Shahdara, Delhi, India
Aavima Polyplast Private Limited••••••••••••••••-Kolhapur, Maharashtra, India
Pride Plaast Private Limited••••••••••••••••-Jalgaon, Maharashtra, India
Diamond Polyplast Private Limited••••••••••••••••-Mumbai, Maharashtra, India
Adept Polymers Private Limited this company••••••••••••••••-Bangalore, Karnataka, India
Flowmatrix Polymers Private Limited••••••••••••••••-Indore, Madhya Pradesh, India
Ganga Thermowares Private Limited••••••••••••••••-Uttar Pradesh, India
SRS Water Technology Private Limited••••••••••••••••-Benguluru, Karnataka, India
Indica Polymers Private Limited••••••••••••••••-Bengaluru, Karnataka, India
Hartex Polymers Pvt Ltd••••••••••••••••-Hyderabad, Telangana, India

Peers are the five companies nearest above and the five nearest below Adept Polymers by revenue in the Manufacturing industry (Plastic Based Products, Polymers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.

Auditor Details of Adept Polymers Private Limited

Adept Polymers Private Limited is audited by A N Kapali & Co. for the financial year 2022.

NameStatusAppointment DateCessation Date
A N Kapali & Co.LockedLockedLocked
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Board of Directors of Adept Polymers Private Limited

Adept Polymers has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mahalakshmi ChandrasekharanDirector10 Jun 198838 Years 3 MonthsCurrent
Karthik Mandakolathur Chandrasekhar
Also directs: Bendable Technology Solutions Private Limited
Director02 Dec 199827 Years 10 MonthsCurrent
Pauline Supriya DavidDirector11 Sep 200620 Years 0 MonthsCurrent
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Ownership and Shareholding of Adept Polymers Private Limited

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Charges & Borrowings of Adept Polymers Private Limited

Open charges
None
Satisfied charges
₹8.37 Cr
Breakdown by lending institutions
State Bank of India.₹7.90 Cr
State Bank of India₹0.47 Cr
Latest charge details
DateLenderAmountStatus
02 Dec 1998State Bank of India₹21 LakhSatisfied
22 Mar 1997State Bank of India.₹7.9 CrSatisfied
04 Apr 1996State Bank of India₹12 LakhSatisfied
15 Sep 1994State Bank of India₹9 LakhSatisfied
11 Jul 1988State Bank of India₹4.5 LakhSatisfied

Total charge records: 5 View all charges

Employees and EPFO Compliance at Adept Polymers Private Limited

Adept Polymers Private Limited has a workforce of 15 employees as of Mar 27, 2024.

Employee count
15
Active EPFO establishments
1
Employee growth
-16.67%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Adept Polymers Private Limited

Adept Polymers Private Limited has 7 board changes on record since 1988: 3 appointments and 4 cessations. The latest: Chandrasekharan Ranganatha Mandakolathur ceased to be Director on 14 May 2019.

AGM
Adept Polymers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Adept Polymers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Chandrasekharan Ranganatha Mandakolathur ceased to be Director.
Charges
A charge registered on 02 Dec 1998 via Charge ID 90194210 with State Bank Of India was fully satisfied on 15 Jun 2018.
Charges
A charge registered on 04 Apr 1996 via Charge ID 90194001 with State Bank Of India was fully satisfied on 15 Jun 2018.
Charges
A charge registered on 15 Sep 1994 via Charge ID 90193834 with State Bank Of India was fully satisfied on 15 Jun 2018.
Charges
A charge registered on 11 Jul 1988 via Charge ID 90193385 with State Bank Of India was fully satisfied on 15 Jun 2018.
Charges
A charge registered on 22 Mar 1997 via Charge ID 90194081 with State Bank Of India. was fully satisfied on 27 Mar 2018.
Charges
A charge with State Bank Of India. of Rs. 7.90 Cr registered on 22 Mar 1997 with Charge ID 90194081 was modified on 07 Jun 2013.
Ceased
Macheri Kothandaraman Sivakumar ceased to be Director.
Ceased
Sujatha Narayan ceased to be Director.
Ceased
Gnanasekharan Karthikeyan ceased to be Director.

11 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Adept Polymers Private Limited

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MSME Payment Delays by Adept Polymers Private Limited

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Subsidiaries & Group Companies of Adept Polymers Private Limited

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GST Compliance of Adept Polymers Private Limited

Adept Polymers has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
29AABCA2121N1ZSKarnatakaActive01 Jul 2017
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MCA Filings & Documents of Adept Polymers Private Limited

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MCA filings and documents

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Frequently Asked Questions about Adept Polymers Private Limited

Adept Polymers is an active private limited company based in Bangalore, Karnataka, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 10 June 1988 (38+ years old) and is registered under CIN U26102KA1988PTC009182.

Adept Polymers reported revenue of ₹62,573 for FY 2024 (down 1% YoY).

Adept Polymers has 3 current directors:

Adept Polymers reported a net profit of ₹1,139 (net margin 1.8%) and EBITDA of ₹1,139 (EBITDA margin 1.8%) for FY 2024, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Adept Polymers is -83% over three years. In the latest year (FY 2024) revenue fell 1%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Adept Polymers is 29AABCA2121N1ZS, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Adept Polymers is U26102KA1988PTC009182. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Adept Polymers has 7 court cases on record: 7 filed against it. Most are in the district courts.

Adept Polymers was incorporated on 10 June 1988, making it 38+ years old. It is registered with the Registrar of Companies, Bangalore.

The peers of Adept Polymers by revenue are Roshan Polymers Private Limited, Parshav Polymers Private Limited, Aavima Polyplast Private Limited, Pride Plaast Private Limited, Diamond Polyplast Private Limited and 5 more, all in the Manufacturing industry (Plastic Based Products, Polymers).

Chandrasekharan Ranganatha Mandakolathur ceased to be Director on 14 May 2019. Macheri Kothandaraman Sivakumar ceased to be Director on 01 Mar 2012. Sujatha Narayan ceased to be Director on 01 Mar 2012. Adept Polymers has 7 board changes on record in total.

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