About Admark Polycoats Private Limited
Data last updated:
Admark Polycoats Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 22 July 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24224GJ2002PTC040987. Its GSTIN is 24AADCA7427K1ZN (Gujarat).
The company has an authorised share capital of ₹2.75 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Admarc Polycoats Private Limited. It is led by directors including Bharat Punjalal Chokshi (Managing Director) and Suresh Bahadur (Whole-Time Director).
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 Survey No 207 Village – Luna Tal : Padra Dist : Vadodara, Gujarat, India – 391440.
As per the financials filed for FY 2025, the company reported a revenue of ₹263.7 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹16.33 Cr (net margin 6.2%) and EBITDA of ₹23.16 Cr (EBITDA margin 8.8%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 19% over five years.
The company has about 51 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Admark Polycoats. As per MCA filings, the company has open charges of ₹17.95 Cr and satisfied charges of ₹14.6 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 3 filed against it; 1 case is pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.36 Cr; the latest was in December 2020. Its 10 peer companies in the Chemicals industry (Specialty Chemicals) are compared by revenue, 5 larger and 5 smaller; the largest is Lucid Colloids Limited with revenue of ₹267.85 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website admarkpolycoats.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSurvey No 207 Village – Luna Tal : Padra Dist : Vadodara, Gujarat, India – 391440
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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
Business Activity of Admark Polycoats Private Limited
The main business activity of Admark Polycoats is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Admark Polycoats Private Limited FY 2025 filings available
Admark Polycoats Private Limited reported revenue of ₹263.7 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Admark Polycoats Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 1% growth in the latest year. EBITDA fell 4% 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 Admark Polycoats Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹23.16 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹16.33 Cr | •••• | •••• | •••• | •••• |
| 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 Admark Polycoats Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.2% | •••• | •••• | •••• | •••• |
| 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 Admark Polycoats 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.
Peer Comparison of Admark Polycoats Private Limited
Admark Polycoats Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Specialty Chemicals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lucid Colloids Limited | ₹267.85 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Rhodia Specialty Chemicals India Private Limited | ₹267.03 Cr (FY 2017) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Melzer Chemicals Private Limited | ₹266.09 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Pune, Maharashtra, India |
| Reagens India Polymer Additives Private Limited | ₹265.37 Cr (FY 2025) | •••• | •••• | 122.0% | •••• | Vagra, Gujarat, India |
| Kairav Chemofarbe Industries Limited | ₹264.99 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| Admark Polycoats Private Limited this company | ₹263.7 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Vadodara, Gujarat, India |
| Gujarat Credo Alumina Chemicals Limited | ₹262.35 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Ahmedabad, Gujarat, India |
| Tristar Intermediates Private Limited | ₹261.82 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| HP Adhesives Limited Listed | ₹257.45 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Arcl Organics Limited | ₹252.95 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Kolkata, West Bengal, India |
| Sap Oleochemicals Private Limited | ₹252.2 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Daund, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Admark Polycoats by revenue in the Chemicals industry (Specialty Chemicals), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Admark Polycoats Private Limited
Admark Polycoats Private Limited is audited by CNK & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CNK & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Admark Polycoats Private Limited
Admark Polycoats has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankur Bharat Chokshi Also directs: Grand Polycoats Company Private Limited | Director | 26 Aug 2021 | 5 Years 1 Months | Current |
| Anita Bharat Chokshi Also directs: Novosis Green Technologies LLP, BPC Innovation LLP, Admark Polycoats and Resin Private Limited and 1 more | Director | 15 Jul 2007 | 19 Years 2 Months | Current |
| Bharat Punjalal Chokshi | Managing Director | 22 Jul 2002 | 24 Years 2 Months | Current |
| Suresh Bahadur | Whole-Time Director | 06 Dec 2025 | 0 Years 10 Months | Current |
Ownership and Shareholding of Admark Polycoats 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 Admark Polycoats Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jun 2020 | Others | ₹1.95 Cr | Open |
| 26 Dec 2016 | Others | ₹5 Cr | Open |
| 23 Nov 2016 | Others | ₹20 Lakh | Open |
| 23 Nov 2016 | Others | ₹4.8 Cr | Open |
| 26 Jun 2014 | Citi Bank N.A. | ₹6 Cr | Open |
Total charge records: 9 View all charges
Deals & Funding of Admark Polycoats Private Limited
Admark Polycoats Private Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.36 Cr; the latest was in December 2020.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Bharat Chokshi & Family Trust, 3 individuals Seller: Optimus Finance Limited , 3 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2006 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2006 | Funding round | ₹99 Lakh | Investors: Optimus Finance Limited , 2 individuals |
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Admark Polycoats Private Limited
Admark Polycoats Private Limited has 9 court cases on record: 3 filed by Admark Polycoats, 3 filed against it, 3 where it is another party. 1 case is pending and 8 are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 3 | 0 |
| District courts | 4 | 0 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Company is another party | Pending |
| High Court of Gujarat | Special civil application | Filed against the company by an individual | Disposed |
| High Court of Gujarat | Court case (AO) | Filed against the company by an individual | Disposed |
| High Court of Gujarat | Appeal | Filed against the company by an individual | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Disposed |
Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Admark Polycoats Private Limited
Admark Polycoats operates one associated brand: Admark Polycoats. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of epoxy curing agents, resins, and diluents for coatings industries in India. | admarkpolycoats.com |
Employees and EPFO Compliance at Admark Polycoats Private Limited
Admark Polycoats Private Limited has a workforce of 51 employees as of Apr 08, 2024.
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.
Group Structure of Admark Polycoats Private Limited
Admark Polycoats has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Admark Polycoats And Resin Private Limited | U24299GJ2021PTC122630 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Admark Polycoats Private Limited
Admark Polycoats Private Limited has 10 board changes on record since 2002: 5 appointments and 5 cessations. The latest: Suresh Bahadur was appointed as Whole-Time Director on 06 Dec 2025.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Admark Polycoats 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 Admark Polycoats 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 Admark Polycoats 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 Admark Polycoats Private Limited
Admark Polycoats has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCA7427K1ZN | Gujarat | Active | 01 Jul 2017 |
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 Admark Polycoats 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 Admark Polycoats Private Limited
Admark Polycoats is an active private limited company based in Vadodara, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 22 July 2002 (24+ years old) and is registered under CIN U24224GJ2002PTC040987.
Admark Polycoats reported revenue of ₹263.7 Cr for FY 2025 (up 1% YoY).
Admark Polycoats has 4 current directors:
- Bharat Punjalal Chokshi - Managing Director
- Suresh Bahadur - Whole-Time Director
- Ankur Bharat Chokshi - Director
- Anita Bharat Chokshi - Director
Admark Polycoats reported a net profit of ₹16.33 Cr (net margin 6.2%) and EBITDA of ₹23.16 Cr (EBITDA margin 8.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Admark Polycoats is 18% over three years and 19% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Admark Polycoats is 24AADCA7427K1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Admark Polycoats is U24224GJ2002PTC040987. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Admark Polycoats has 9 court cases on record: 3 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Admark Polycoats was incorporated on 22 July 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Admark Polycoats has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.36 Cr; the latest was in December 2020.
The peers of Admark Polycoats by revenue are Lucid Colloids Limited, Rhodia Specialty Chemicals India Private Limited, Melzer Chemicals Private Limited, Reagens India Polymer Additives Private Limited, Kairav Chemofarbe Industries Limited and 5 more, all in the Chemicals industry (Specialty Chemicals).