About Ajay Poly Ltd
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Ajay Poly Ltd is a public limited company based in New Delhi, Delhi, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 03 June 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1980PLC010508. Its GSTIN is 07AAACA0172A1ZJ (Delhi). The company holds 17 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.25 Cr. It is led by directors including Rajeev Jain (Managing Director) and Bina Jain.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 70 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2026, the company reported a revenue of ₹509.33 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹23.2 Cr (net margin 4.6%) and EBITDA of ₹63.59 Cr (EBITDA margin 12.5%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 44% over five years.
The company has about 440 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ajay Poly Limited. As per MCA filings, the company has open charges of ₹262.39 Cr and satisfied charges of ₹122.76 Cr on record. Court records list 24 cases involving the company, including 14 filed by the company and 10 filed against it; 1 case is pending. The company has 6 deals on record (5 secondary share transfers, 1 rights issue); the latest was in November 2024. Its 9 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 5 larger and 4 smaller; the largest is Cu-Built Engineers Private Limited with revenue of ₹375.07 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2023, listing 179 overdue payments to 24 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website applindia.co.in.
Company details
CIN history
Ajay Poly has one previous CIN (Corporate Identification Number): U74899DL1980PTC010508. The current CIN is U74899DL1980PLC010508, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL1980PLC010508 | Current |
| U74899DL1980PTC010508 | Previous |
Contact details
Ajay Poly Ltd's registered office is in New Delhi, Delhi. Its website is applindia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address70 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Ajay Poly Ltd, 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
Brands
Ajay Poly operates one associated brand: Ajay Poly Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of polymer extrusion, sealing systems, and glass products for the appliance industry. | applindia.co.in |
Financials of Ajay Poly Ltd
FY 2025 filings availableAjay Poly Ltd reported revenue of ₹509.33 Cr (up 10% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 10% growth in the latest year. EBITDA fell 6% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹63.59 Cr | ||||
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| Net Profit (PAT) | ₹23.2 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.5% | ||||
| Net Profit Margin | 4.6% | ||||
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To see the full financial statements and ratios of Ajay Poly Ltd, buy the company report.
Board of directors and KMP of Ajay Poly Ltd
Ajay Poly Ltd currently reports 7 directors and 1 key managerial person. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avanish Singh Visen Also directs: Encraft India Private Limited, Enczo India Private Limited | Ceo | 20 Jul 2024 | 2 Years 3 Months | Current |
| Bina Jain Also directs: Encraft India Private Limited, Enczo India Private Limited, GLJ Realty Private Limited and 2 more | Director | 01 Apr 2018 | 8 Years 6 Months | Current |
| Manoj Maheshwari | Director | 20 Aug 2025 | 1 Years 2 Months | Current |
| Vinod Kumar Srivastava | Director | 21 Dec 2024 | 1 Years 10 Months | Current |
| Rajeev Jain Also directs: Encraft India Private Limited, Enczo India Private Limited, GLJ Realty Private Limited and 2 more | Managing Director | 18 Jun 1987 | 39 Years 4 Months | Current |
| Vikas Modi Also directs: Netweb Technologies India Limited, Oswal Pumps Limited | Director | 21 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Ajay Poly Ltd is compared with the 9 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ajay Poly Ltdthis company | ₹509.33 Cr (FY 2026) | ₹23.2 Cr | 4.6% | 10.0% | 440 | New Delhi, Delhi, India |
| Cu-Built Engineers Private Limited | ₹375.07 Cr (FY 2025) | -12.0% | Pcntda, Bhosari, Pune - 411026, Maharashtra, India | |||
| Systemair India Private Limited | ₹372.39 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| Pressmatic Engineers India Private Limited | ₹370.23 Cr (FY 2025) | 21.0% | Coimbatore, Tamil Nadu, India | |||
| Kirloskar Ebara Pumps Limited | ₹368.75 Cr (FY 2025) | 19.0% | Pune, Maharashtra, India | |||
| Ratan Projects & Engineering Co. Private Limited | ₹367.89 Cr (FY 2025) | 23.0% | Kolkata, West Bengal, India | |||
| Everllence India Private Limited | ₹360.97 Cr (FY 2020) | Aurangabad, Maharashtra, India | ||||
| O/E/N India Limited | ₹352.9 Cr (FY 2025) | 20.0% | Ernakulam, Kerala, India | |||
| Flaktgroup India Private Limited | ₹352.6 Cr (FY 2025) | 63.0% | New Delhi, Delhi, India | |||
| Hexatron Industries Limited | ₹350.33 Cr (FY 2025) | 104.0% | Ta Anjar, Gujarat, India |
To see the full peer comparison of Ajay Poly Ltd, buy the company report.
Auditor
Ajay Poly Ltd is audited by J T S T & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J T S T & CO LLP | FY 2023 | N500413 |
Shareholding
The shareholding of Ajay Poly Ltd 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 Ajay Poly Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2025 | 101154701 | Citi Bank N.A. | ₹40 Cr | Open | |
| 24 May 2025 | 101106753 | Standard Chartered Bank | ₹35 Cr | Open | |
| 23 Dec 2024 | 101032207 | Others | ₹15 Cr | Open | |
| 30 Sep 2024 | 100993208 | Hdfc Bank Limited | ₹7.88 Lakh | Open | |
| 28 Feb 2024 | 100934900 | Others | ₹40 Lakh | Open |
To see the full charge records of Ajay Poly Ltd, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Ajay Poly Ltd has 6 deals on record (5 secondary share transfers, 1 rights issue); the latest was in November 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2024 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2023 | Rights issue | ₹3 Cr | Investors: 3 individuals |
| Jan 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Nov 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Ajay Poly Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ajay Poly Ltd has 24 court cases on record: 14 filed by Ajay Poly, 10 filed against it. 1 case is pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 4 | 0 |
| District courts | 8 | 6 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAD) | Filed by the company against Runwal Developers Pvt Ltd | Pending |
| District court, South, Delhi | Civil suit | Filed against the company by Matrix Cellular (International) Services Ltd. | Disposed |
| High Court of Karnataka | Court case (COP) | Filed by the company against M/S B S Refrigerators Ltd | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against an individual | Disposed |
| Allahabad High Court | Writ petition | Filed by the company against State of U.P. and 14 Others | Disposed |
To see the full case history of Ajay Poly Ltd, buy the company report.
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.
Credit ratings & regulatory alerts
Ajay Poly Ltd was last rated by Crisil on 13 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 13 Mar 2020 |
To see the full credit ratings and regulatory alerts of Ajay Poly Ltd, buy the company report.
MSME payment delays
Ajay Poly Ltd has 9 MSME Form 1 returns on record between 2019 and 2023, listing 179 overdue payments to 24 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| As Equipment Private Limited | |||
| Zain Corporation | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Ajay Poly Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ajay Poly Ltd has a workforce of 440 employees on its EPFO records as of May 14, 2024, across 14 active EPFO establishments.
GST
Ajay Poly has 17 GST registrations: 10 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACA0172A1ZJ | Delhi | Active | 01 Jul 2017 |
| 03AAACA0172A1ZR | Punjab | Active | 01 Jul 2017 |
| 08AAACA0172A1ZH | Rajasthan | Active | 01 Jul 2017 |
| 09AAACA0172A1ZF | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ajay Poly Ltd, buy the company report.
Recent activity
Ajay Poly Ltd has 24 board changes on record since 1987: 8 appointments and 16 cessations. The latest: Manoj Maheshwari ceased to be Additional Director on 26 Sep 2025.
69 earlier events are in the company report.
Frequently asked questions
Ajay Poly is an active public limited company based in New Delhi, Delhi, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 03 June 1980 (46+ years old) and is registered under CIN U74899DL1980PLC010508.
Ajay Poly has 8 current directors and KMP:
- Rajeev Jain - Managing Director
- Bina Jain - Director
- Manoj Maheshwari - Director
- Vinod Kumar Srivastava - Director
- Vikas Modi - Director
- Nitin Jain - Director
- Rashmi Aggarwal - Director
- Avanish Singh Visen - Ceo
The latest financial statements of Ajay Poly on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ajay Poly is 07AAACA0172A1ZJ, registered in Delhi. The company has 17 GST registrations in all, of which 10 are active and 7 are cancelled or inactive. Other active GSTINs include 03AAACA0172A1ZR (Punjab), 08AAACA0172A1ZH (Rajasthan), 09AAACA0172A1ZF (Uttar Pradesh).
The CIN (Corporate Identification Number) of Ajay Poly is U74899DL1980PLC010508. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajay Poly has 24 court cases on record: 14 filed by the company and 10 filed against it. 1 is pending. Most are in the high courts.
Ajay Poly was incorporated on 03 June 1980, making it 46+ years old. It is registered with the Registrar of Companies, Delhi.
Ajay Poly has 6 deals on record (5 secondary share transfers, 1 rights issue); the latest was in November 2024.
The peers of Ajay Poly by revenue are Cu-Built Engineers Private Limited, Systemair India Private Limited, Pressmatic Engineers India Private Limited, Kirloskar Ebara Pumps Limited, Ratan Projects & Engineering Co. Private Limited and 4 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Manoj Maheshwari ceased to be Additional Director on 26 Sep 2025. Rashmi Aggarwal ceased to be Additional Director on 26 Sep 2025. Vikas Modi ceased to be Additional Director on 26 Sep 2025. Ajay Poly has 24 board changes on record in total.
Ajay Poly has 9 MSME Form 1 returns on record between 2019 and 2023, listing 179 overdue payments to 24 micro and small suppliers. The latest return was filed on 04 Nov 2023.
Ajay Poly can be reached through the website applindia.co.in. Its registered office is in New Delhi, Delhi, India.