About Avient Materials India Private Limited
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Avient Materials India Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Avient Luxembourg Sarl. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 28 May 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U24134PN2008FTC153647. Its GSTIN is 27AAECP7231R1ZT (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹136 Cr and a paid-up capital of ₹109.74 Cr. It is led by directors Vikas Vij (Managing Director) and Holger Hans Kronimus.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. F – 27 MIDC Ranjangaon Shirur Taluka, Pune, Maharashtra, India – 412220.
As per the financials filed for FY 2025, the company reported a revenue of ₹561.53 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹76.3 Cr (net margin 13.6%) and EBITDA of ₹138.38 Cr (EBITDA margin 24.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 31% over five years.
The company has about 400 employees on its provident fund (EPFO) records.
Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending. The company has 7 deals on record (4 funding rounds, 1 secondary share transfer, 1 convertible or debt financing), with disclosed funding of ₹87.49 Cr; the latest was in June 2020. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 942 overdue payments to 78 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 avient.com.
Company details
CIN history
Avient Materials India has one previous CIN (Corporate Identification Number): U24134MH2008FTC182789. The current CIN is U24134PN2008FTC153647, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24134PN2008FTC153647 | Current |
| U24134MH2008FTC182789 | Previous |
Contact details
Avient Materials India Private Limited's registered office is in Pune, Maharashtra. Its website is avient.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. F – 27 MIDC Ranjangaon Shirur Taluka, Pune, Maharashtra, India – 412220
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Avient Materials India Private 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 Avient Materials India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Avient Materials India Private Limited, buy the company report.
Financials of Avient Materials India Private Limited
FY 2025 filings availableAvient Materials India Private Limited reported revenue of ₹561.53 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 6% growth in the latest year. EBITDA rose 9% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹138.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹76.3 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24.6% | ||||
| Net Profit Margin | 13.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Avient Materials India Private Limited, buy the company report.
Board of directors of Avient Materials India Private Limited
Avient Materials India has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Holger Hans Kronimus Also directs: Magna Colours (India) Private Limited | Director | 17 Feb 2011 | 15 Years 8 Months | Current |
| Vikas Vij Also directs: Magna Colours (India) Private Limited | Managing Director | 03 Jan 2011 | 15 Years 10 Months | Current |
Auditor
Avient Materials India Private Limited is audited by S R B C & CO LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2022 | 324982E |
Shareholding
The shareholding of Avient Materials India Private 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 Avient Materials India Private Limited, buy the company report.
Deals & funding
Avient Materials India Private Limited has 7 deals on record (4 funding rounds, 1 secondary share transfer, 1 convertible or debt financing), with disclosed funding of ₹87.49 Cr; the latest was in June 2020.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2020 | Rights issue | ₹411.55 Cr | Investors: Avient Luxembourg SARL |
| May 2020 | Secondary share transfer | Undisclosed | Buyer: Avient Luxembourg SARL Seller: Polyone Singapore Pte. Ltd. |
| Mar 2018 | Funding round | ₹28 Cr | Investors: Avient Luxembourg SARL |
| Apr 2011 | Funding round | ₹11.09 Cr | Investors: Avient Luxembourg SARL, Polyone Singapore Pte. Ltd. |
| Jan 2010 | Funding round | ₹3.31 Cr | Investors: Polyone Singapore Pte. Ltd. |
To see the full deal history of Avient Materials India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Avient Materials India Private Limited has 3 court cases on record: 3 filed by Avient Materials India. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (CR.MA) | Filed by the company against State of Gujarat | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against S.S. Pagar, Government Labour Officer | Disposed |
| Bombay High Court | Writ petition | Filed by the company against an individual | Disposed |
To see the full case history of Avient Materials India Private Limited, 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.
MSME payment delays
Avient Materials India Private Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 942 overdue payments to 78 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 78)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ramniklal S. Gosalia and Co. | |||
| Industrial Bearing Corporation | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Avient Materials India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Avient Materials India Private Limited has a workforce of 400 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Avient Materials India has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECP7231R1ZT | Maharashtra | Active | 01 Jul 2017 |
| 24AAECP7231R1ZZ | Gujarat | Active | 29 May 2020 |
| 27AAECP7231R2ZS | Maharashtra | Active | 01 Mar 2025 |
To see the full GST registrations and return filing status of Avient Materials India Private Limited, buy the company report.
Recent activity
Avient Materials India Private Limited has 9 board changes on record since 2010: 2 appointments and 7 cessations. The latest: Christoph Palm ceased to be Director on 27 Feb 2024.
News
Frequently asked questions
Avient Materials India is an active foreign private limited company based in Pune, Maharashtra, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 28 May 2008 (18+ years old) and is registered under CIN U24134PN2008FTC153647.
Avient Materials India has 2 current directors:
- Vikas Vij - Managing Director
- Holger Hans Kronimus - Director
The latest financial statements of Avient Materials India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Avient Materials India is 27AAECP7231R1ZT, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAECP7231R1ZZ (Gujarat), 27AAECP7231R2ZS (Maharashtra).
The CIN (Corporate Identification Number) of Avient Materials India is U24134PN2008FTC153647. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avient Materials India has 3 court cases on record: 3 filed by the company. 1 is pending.
Avient Materials India was incorporated on 28 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Pune.
Avient Materials India has 7 deals on record (4 funding rounds, 1 secondary share transfer, 1 convertible or debt financing), with disclosed funding of ₹87.49 Cr; the latest was in June 2020.
Christoph Palm ceased to be Director on 27 Feb 2024. Guy Francis Joseph Katsers ceased to be Director on 31 Aug 2016. Willie Wei Lee Chien ceased to be Director on 06 Jan 2012. Avient Materials India has 9 board changes on record in total.
Avient Materials India has 15 MSME Form 1 returns on record between 2019 and 2024, listing 942 overdue payments to 78 micro and small suppliers. The latest return was filed on 01 May 2024.
Avient Materials India can be reached through the website avient.com. Its registered office is in Pune, Maharashtra, India.
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