About Axel Polymers Limited
Data last updated:
Axel Polymers Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 21 May 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L25200GJ1992PLC017678. Its GSTIN is 24AACCA2271J1ZY (Gujarat). Its shares are listed on BSE: 513642.
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹11 Cr. It is led by directors including Gaurav Surendrakumar Thanky (Managing Director) and Aarasp Bejan Bodhanwala.
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 S No 309 Vil – Mokshi Sankarda – Savli Road Tal – Savli, Vadodara, Gujarat, India – 391780.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹44.4 Cr, a decline of 43.1% compared to the previous year. For the same year it recorded a net loss of ₹1.13 Cr (net margin -2.5%) and EBITDA of ₹2.44 Cr (EBITDA margin 5.5%). The net worth stands at ₹25.24 Cr (up 66.7% YoY). Total assets are valued at ₹59.81 Cr (up 21.2% YoY).
The company has about 70 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Axel Polymers. As per MCA filings, the company has open charges of ₹41.08 Cr and satisfied charges of ₹86.63 Cr on record. Court records list 9 cases involving the company, including 2 filed by the company and 4 filed against it; 2 cases are pending. The company has 12 deals on record (12 market trades); the latest was in January 2026. Its 10 peer companies in the Manufacturing industry (Plastics and Resins, Polymers) are compared by revenue, 5 larger and 5 smaller; the largest is Adiva Polymers Limited with revenue of ₹80.23 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 323 overdue payments to 32 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 axelindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressS No 309 Vil – Mokshi Sankarda – Savli Road Tal – Savli, Vadodara, Gujarat, India – 391780
- IndustryManufacturing, Plastic & Resins
- 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 Axel Polymers Limited
The main business activity of Axel Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal 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 Axel Polymers Limited FY 2025-26 filings available
Axel Polymers Limited reported revenue of ₹44.4 Cr (down 43.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 44.40 | 78.09 | 128 | 82.65 | 72.91 | 48.32 | 22.90 |
| Revenue growth | -43.1% | -39.0% | +54.8% | +13.4% | +50.9% | +111.0% | - |
| EBITDA | 2.44 | 3.97 | 5.80 | 5.13 | 4.10 | 3.91 | 1.39 |
| EBITDA margin | +5.5% | +5.1% | +4.5% | +6.2% | +5.6% | +8.1% | +6.1% |
| Profit before tax | (1.25) | 0.32 | 2.29 | 1.71 | 1.33 | 0.57 | 0.08 |
| Net profit | (1.13) | 0.19 | 1.56 | 1.19 | 0.91 | 0.66 | 0.09 |
| Net profit margin | -2.6% | +0.2% | +1.2% | +1.4% | +1.3% | +1.4% | +0.4% |
| EPS (₹) | (1.02) | 0.20 | 1.83 | 1.39 | 1.08 | 0.77 | 0.22 |
| Balance sheet | |||||||
| Total assets | 59.81 | 49.34 | 40.73 | 38.76 | 38.35 | 38.00 | 13.19 |
| Net worth | 25.24 | 15.14 | 14.99 | 13.53 | 12.33 | 11.42 | 1.99 |
| Total debt | 29.84 | 34.08 | 25.67 | 25.19 | 25.94 | 25.90 | 7.46 |
| Cash & bank | 3.31 | 2.18 | 1.03 | 1.08 | 0.94 | 0.73 | 0.02 |
| Net working capital | 44.62 | 36.19 | 28.29 | 26.77 | 27.48 | 26.17 | 8.17 |
| Cash flow | |||||||
| Cash from operations | (2.62) | (3.66) | 3.47 | 5.97 | 3.20 | (1.73) | 1.22 |
| Cash from investing | (0.43) | (0.87) | (1.59) | (1.57) | (0.19) | (0.01) | (0.14) |
| Cash from financing | 4.17 | 5.69 | (1.92) | (3.57) | (2.81) | 1.34 | (1.08) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16.20 | 13.12 | 8.86 | 10.72 | 11.70 | 14.33 | 11.11 | 13.87 |
| Revenue growth (YoY) | +38.5% | -8.4% | -20.3% | -22.7% | -72.3% | - | - | - |
| Other income | 0.02 | 0.05 | 0.03 | 0.02 | 0.01 | 0.09 | 0.01 | 0.01 |
| Total expenses | 15.15 | 12.89 | 8.58 | 9.79 | 10.70 | 11.03 | 10.95 | 13.72 |
| EBITDA | 1.05 | 0.23 | 0.28 | 0.93 | 1.00 | 3.30 | 0.16 | 0.15 |
| EBITDA margin | +6.5% | +1.8% | +3.2% | +8.7% | +8.5% | +23.0% | +1.4% | +1.1% |
| Depreciation | 0.15 | 0.28 | 0.15 | 0.15 | 0.15 | 0.20 | 0.12 | 0.12 |
| Interest | 0.75 | 0.70 | 0.77 | 0.79 | 0.82 | 0.82 | 0.81 | 0.85 |
| Profit before tax | 0.17 | (0.70) | (0.61) | 0.01 | 0.04 | 2.37 | (0.76) | (0.81) |
| Tax | 0.00 | 0.14 | 0.00 | 0.00 | 0.00 | 0.14 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16.20 | 13.12 | 8.86 | 10.72 | 11.70 | 14.33 | 11.11 | 13.87 |
| Revenue growth (YoY) | +38.5% | -8.4% | -20.3% | -22.7% | -72.3% | - | - | - |
| Other income | 0.02 | 0.05 | 0.03 | 0.02 | 0.01 | 0.09 | 0.01 | 0.01 |
| Total expenses | 15.15 | 12.89 | 8.58 | 9.79 | 10.70 | 11.03 | 10.95 | 13.72 |
| EBITDA | 1.05 | 0.23 | 0.28 | 0.93 | 1.00 | 3.30 | 0.16 | 0.15 |
| EBITDA margin | +6.5% | +1.8% | +3.2% | +8.7% | +8.5% | +23.0% | +1.4% | +1.1% |
| Depreciation | 0.15 | 0.28 | 0.15 | 0.15 | 0.15 | 0.20 | 0.12 | 0.12 |
| Interest | 0.75 | 0.70 | 0.77 | 0.79 | 0.82 | 0.82 | 0.81 | 0.85 |
| Profit before tax | 0.17 | (0.70) | (0.61) | 0.01 | 0.04 | 2.37 | (0.76) | (0.81) |
| Tax | 0.00 | 0.14 | 0.00 | 0.00 | 0.00 | 0.14 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 44.40 | 78.09 | 128 | 82.65 | 72.91 | 48.32 | 22.90 |
| Revenue growth | -43.1% | -39.0% | +54.8% | +13.4% | +50.9% | +111.0% | - |
| Other income | 0.12 | 0.14 | 0.04 | 0.28 | 0.55 | 0.40 | 0.02 |
| Total expenses | 41.96 | 74.12 | 122 | 77.52 | 68.81 | 44.41 | 21.51 |
| Employee cost | 3.87 | 3.80 | 3.74 | 3.66 | 3.58 | 3.27 | 1.99 |
| EBITDA | 2.44 | 3.97 | 5.80 | 5.13 | 4.10 | 3.91 | 1.39 |
| EBITDA margin | +5.5% | +5.1% | +4.5% | +6.2% | +5.6% | +8.1% | +6.1% |
| Depreciation | 0.73 | 0.56 | 0.70 | 0.54 | 0.48 | 0.42 | 0.36 |
| Interest | 3.08 | 3.23 | 2.85 | 3.16 | 2.84 | 3.32 | 0.97 |
| Profit before tax | (1.25) | 0.32 | 2.29 | 1.71 | 1.33 | 0.57 | 0.08 |
| Tax | (0.12) | 0.13 | 0.73 | 0.52 | 0.42 | (0.09) | (0.01) |
| Net profit | (1.13) | 0.19 | 1.56 | 1.19 | 0.91 | 0.66 | 0.09 |
| Net profit margin | -2.6% | +0.2% | +1.2% | +1.4% | +1.3% | +1.4% | +0.4% |
| EPS (₹) | (1.02) | 0.20 | 1.83 | 1.39 | 1.08 | 0.77 | 0.22 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 11.00 | 8.52 | 8.52 | 8.52 | 8.52 | 8.52 | 4.30 |
| Reserves & surplus | 14.24 | 6.62 | 6.47 | 5.01 | 3.81 | 2.90 | (2.31) |
| Shareholders' funds (net worth) | 25.24 | 15.14 | 14.99 | 13.53 | 12.33 | 11.42 | 1.99 |
| Secured loans | 28.16 | 29.46 | 21.27 | 22.06 | 24.46 | 24.26 | 7.00 |
| Unsecured loans | 1.68 | 4.62 | 4.40 | 3.13 | 1.48 | 1.64 | 0.46 |
| Total debt | 29.84 | 34.08 | 25.67 | 25.19 | 25.94 | 25.90 | 7.46 |
| Total liabilities | 59.81 | 49.34 | 40.73 | 38.76 | 38.35 | 38.00 | 13.19 |
| Assets | |||||||
| Gross block | 21.75 | 21.20 | 20.25 | 18.63 | 16.96 | 16.65 | 11.69 |
| Net block | 10.01 | 10.18 | 9.76 | 8.85 | 7.71 | 7.83 | 3.65 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 40.97 | 39.46 | 39.59 | 32.73 | 28.27 | 22.19 | 8.70 |
| Sundry debtors | 9.49 | 11.03 | 10.93 | 7.67 | 11.39 | 13.24 | 2.10 |
| Cash & bank balances | 3.31 | 2.18 | 1.03 | 1.08 | 0.94 | 0.73 | 0.02 |
| Loans & advances | 1.29 | 1.42 | (0.03) | 1.75 | 3.71 | 3.57 | 0.47 |
| Total current assets | 55.06 | 54.09 | 51.52 | 43.23 | 44.31 | 39.73 | 11.29 |
| Total current liabilities | 10.44 | 17.90 | 23.23 | 16.46 | 16.83 | 13.56 | 3.12 |
| Net working capital | 44.62 | 36.19 | 28.29 | 26.77 | 27.48 | 26.17 | 8.17 |
| Total assets | 59.81 | 49.34 | 40.73 | 38.76 | 38.35 | 38.00 | 13.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.18 | 1.03 | 1.08 | 0.24 | 0.73 | 1.12 | 0.02 |
| Net cash from operating activities | (2.62) | (3.66) | 3.47 | 5.97 | 3.20 | (1.73) | 1.22 |
| Net cash from investing activities | (0.43) | (0.87) | (1.59) | (1.57) | (0.19) | (0.01) | (0.14) |
| Net cash from financing activities | 4.17 | 5.69 | (1.92) | (3.57) | (2.81) | 1.34 | (1.08) |
| Net change in cash | 1.13 | 1.16 | (0.05) | 0.84 | 0.21 | (0.39) | 0.00 |
| Closing cash | 3.31 | 2.18 | 1.03 | 1.08 | 0.94 | 0.73 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -43.1% | -39.0% | +54.8% | +13.4% | +50.9% | +111.0% | - |
| EBITDA growth | -38.5% | -31.6% | +13.1% | +25.1% | +4.9% | +181.3% | - |
| PBT growth | - | -86.0% | +33.9% | +28.6% | +133.3% | +612.5% | -81.8% |
| Net income growth | -694.7% | -87.8% | +31.1% | +30.8% | +37.9% | +633.3% | - |
| Revenue CAGR (3Y) | -18.7% | +2.3% | +38.3% | +53.4% | +44.1% | +21.5% | +1.4% |
| EBITDA CAGR (3Y) | -21.9% | -1.1% | +14.1% | +54.5% | +35.2% | +44.0% | +7.2% |
| Profitability & leverage | |||||||
| Net income margin | -2.6% | +0.2% | +1.2% | +1.4% | +1.3% | +1.4% | +0.4% |
| Return on capital employed | +3.3% | +7.9% | +12.9% | +12.6% | +11.0% | +14.6% | +6.8% |
| Return on net worth | -5.6% | +1.1% | +10.9% | +9.1% | +7.8% | +8.4% | +2.1% |
| Debt / equity | 1.58 | 1.98 | 1.78 | 1.98 | 2.18 | 2.49 | 3.83 |
| Long-term debt / equity | 0.16 | 0.39 | 0.48 | 0.31 | 0.16 | 0.20 | 0.26 |
| Interest cover | 180.12 | 94.72 | 55.88 | 68.85 | 78.45 | 95.13 | 94.17 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.07 | 3.77 | 6.58 | 4.64 | 4.34 | 3.41 | 1.97 |
| Inventory turnover | 1.10 | 1.98 | 3.54 | 2.71 | 2.89 | 3.13 | 2.87 |
| Debtors turnover | 4.33 | 7.11 | 13.75 | 8.67 | 5.92 | 6.30 | 11.87 |
| EPS (₹) | (1.02) | 0.20 | 1.83 | 1.39 | 1.08 | 0.77 | 0.22 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 22.95 | 17.77 | 17.60 | 15.89 | 14.47 | 13.41 | 4.63 |
Peer Comparison of Axel Polymers Limited
Axel Polymers Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Plastics and Resins, Polymers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adiva Polymers Limited | ₹80.23 Cr (FY 2025) | •••• | •••• | •••• | Delhi, India | |
| Astron Polymers Private Limited | ₹79.58 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Haryana, India |
| Khurana Polymers Private Limited | ₹79.45 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Guna, Madhya Pradesh, India |
| Arihant Polyplast Private Limited | ₹79.19 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Chomu, Rajasthan, India |
| Elegance Polymers Private Limited | ₹79.07 Cr (FY 2025) | •••• | •••• | 299.0% | •••• | Delhi, India |
| Sarda Bio Polymers Private Limited | ₹78.13 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
| Ajl Polymers Private Limited | ₹77.89 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
| N.R. Colours Limited | ₹77.84 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Pashupati Excrusion Private Limited | ₹77.43 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Kashipur, Uttarakhand, India |
| Sanimo Polymers Pvt Ltd | ₹77.24 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Axel Polymers Limited this company | ₹44.4 Cr (FY 2026) | •••• | •••• | -43.1% | •••• | Vadodara, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Axel Polymers by revenue in the Manufacturing industry (Plastics and Resins, Polymers), 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 Axel Polymers Limited
Axel Polymers Limited is audited by Mukund & Rohit for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Mukund & Rohit | 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 Axel Polymers Limited
Axel Polymers has 6 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aarasp Bejan Bodhanwala Also directs: Tia Plastek Private Limited | Director | 01 Mar 1993 | 33 Years 7 Months | Current |
| Gaurav Surendrakumar Thanky | Managing Director | 01 Jun 2014 | 12 Years 4 Months | Current |
| Ashokkumar Natwarlal Shah | Director | 18 Aug 2025 | 1 Years 1 Months | Current |
| Chirag Bhupendrabhai Shah Also directs: Assorted Corpcon Private Limited | Director | 29 May 2025 | 1 Years 4 Months | Current |
| Dhara Gaurav Thanky | Director | 01 Oct 2024 | 2 Years 0 Months | Current |
| Yogesh Jeshthanand Keshariya | Additional Director | 12 Jun 2026 | 0 Years 3 Months | Current |
Shareholding Pattern of Axel Polymers Limited
Shareholding for the quarter ended Mar 2026: promoters hold 46.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 53.20%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 46.60% | 60.30% | 61.20% | 61.20% |
| Public | 53.40% | 39.70% | 38.80% | 38.80% |
Charges & Borrowings of Axel Polymers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Oct 2024 | Hdfc Bank Limited | ₹23.41 Lakh | Open |
| 16 Apr 2024 | Hdfc Bank Limited | ₹40.84 Cr | Open |
| 09 Dec 2021 | Others | ₹85 Lakh | Satisfied |
| 20 Jan 2010 | Bank of India | ₹17.94 Cr | Satisfied |
| 02 Jan 2004 | Others | ₹27.77 Cr | Satisfied |
Total charge records: 10 View all charges
Deals & Funding of Axel Polymers Limited
Axel Polymers Limited has 12 deals on record (12 market trades); the latest was in January 2026.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2026 | Market trade | ₹38.4 Lakh | Buyer: an individual Seller: an individual |
| Dec 2025 | Market trade | ₹33.9 Lakh | Seller: an individual |
| Oct 2025 | Market trade | ₹40.1 Lakh | Buyer: an individual Seller: Vaibhav Equisec Private Limited |
| Nov 2023 | Market trade | ₹27.4 Lakh | Buyer: Vaibhav Equisec Private Limited Seller: an individual |
| Feb 2022 | Market trade | ₹62.4 Lakh | Buyer: Vaibhav Equisec Private Limited Seller: an individual |
Full deal history
All 12 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 Axel Polymers Limited
Axel Polymers Limited has 9 court cases on record: 2 filed by Axel Polymers, 4 filed against it, 3 where it is another party. 2 cases are pending and 7 are disposed. Status as checked between 21 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 0 |
| District courts | 4 | 3 | 2 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chittoor, Andhra Pradesh | Criminal case | Filed against the company by HG Chemicle Private Limited | Pending |
| High Court of Gujarat | Appeal | Filed against the company by an individual | Disposed |
| District court, Valsad, Gujarat | Court case (SPCS) | Filed against the company by an individual | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Disposed |
| District court, Vadodara, Gujarat | Court case (MCA) | Company is another party | 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.
MSME Payment Delays by Axel Polymers Limited
Axel Polymers Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 323 overdue payments to 32 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 32)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Samet Plast | •••• | •••• | •••• |
| Epco Polymers | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Axel Polymers Limited
Axel Polymers operates one associated brand: Axel Polymers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Polymers are manufactured and supplied from Vadodara, India. | axelindia.com |
Employees and EPFO Compliance at Axel Polymers Limited
Axel Polymers Limited has a workforce of 70 employees as of Apr 09, 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.
CIN History of Axel Polymers Limited
Axel Polymers has one previous CIN (Corporate Identification Number): U25200GJ1992PLC017678. The current CIN is L25200GJ1992PLC017678, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25200GJ1992PLC017678 | Current |
| U25200GJ1992PLC017678 | Previous |
News related to Axel Polymers Limited
Recent Activity on Axel Polymers Limited
Axel Polymers Limited has 33 board changes on record since 1992: 20 appointments and 13 cessations. The latest: Yogesh Jeshthanand Keshariya was appointed as Additional Director on 12 Jun 2026.
49 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Axel Polymers 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.
Subsidiaries & Group Companies of Axel Polymers 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 Axel Polymers Limited
Axel Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCA2271J1ZY | 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 Axel Polymers 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 Axel Polymers Limited
Axel Polymers is an active public limited company based in Vadodara, Gujarat, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 21 May 1992 (34+ years old) and is registered under CIN L25200GJ1992PLC017678. Listed on BSE: 513642.
Axel Polymers reported revenue of ₹44.4 Cr for FY 2025-26 (down 43.1% YoY) based on standalone financials.
Axel Polymers has 6 current directors:
- Gaurav Surendrakumar Thanky - Managing Director
- Aarasp Bejan Bodhanwala - Director
- Ashokkumar Natwarlal Shah - Director
- Chirag Bhupendrabhai Shah - Director
- Dhara Gaurav Thanky - Director
- Yogesh Jeshthanand Keshariya - Additional Director
The GSTIN of Axel Polymers is 24AACCA2271J1ZY, registered in Gujarat.
The CIN (Corporate Identification Number) of Axel Polymers is L25200GJ1992PLC017678. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Axel Polymers is listed on BSE with code 513642.
Axel Polymers has 9 court cases on record: 2 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
Axel Polymers was incorporated on 21 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Axel Polymers has 12 deals on record (12 market trades); the latest was in January 2026.
The peers of Axel Polymers by revenue are Adiva Polymers Limited, Astron Polymers Private Limited, Khurana Polymers Private Limited, Arihant Polyplast Private Limited, Elegance Polymers Private Limited and 5 more, all in the Manufacturing industry (Plastics and Resins, Polymers).
Yogesh Jeshthanand Keshariya was appointed as Additional Director on 12 Jun 2026. Ashokkumar Natwarlal Shah was appointed as Director on 18 Aug 2025. Haresh Padamshi Kothari ceased to be Director on 18 Aug 2025. Axel Polymers has 33 board changes on record in total.
Axel Polymers has 11 MSME Form 1 returns on record between 2019 and 2023, listing 323 overdue payments to 32 micro and small suppliers. The latest return was filed on 04 Nov 2023.