MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0166445
Balaji Polyster Private Limited
Balaji Polyster Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹68.21 Cr
▼ 13% YoY
Net profit · FY 2025
₹23.1 Lakh
Net margin 0.3%
EBITDA · FY 2025
₹86.89 Lakh
EBITDA margin 1.3%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹2.96 Cr
Issued & subscribed
Open charges
₹1.53 Cr
Satisfied ₹30.6 Cr
Company age
21 yrs
Est. 2005
Directors on board
3
As per MCA filings
About Balaji Polyster Private Limited
Data last updated:
Balaji Polyster Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 01 July 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17100GJ2005PTC046353. Its GSTIN is 24AACCB6974D1ZS (Gujarat).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.96 Cr. It is led by directors including Hemang Gumanbhai Patel (Whole-Time Director) and Sunilkumar Ghewarchand Begani.
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 Plot No. – 27/28 Block No. – 310/311 Village – Tantithaiya Taluka – Palsana, Surat, Gujarat, India – 394305.
As per the financials filed for FY 2025, the company reported a revenue of ₹68.21 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹23.1 Lakh (net margin 0.3%) and EBITDA of ₹86.89 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹1.53 Cr and satisfied charges of ₹30.6 Cr on record. Court records list 9 cases involving the company, including 2 filed by the company and 7 filed against it; 2 cases are pending.
Balaji Polyster Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0166445). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17100GJ2005PTC046353
Registration Number 046353
Incorporation Date 01 July 2005
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0166445
Key People
Hemang Gumanbhai Patel Whole-Time Director Sunilkumar Ghewarchand Begani Director Dipesh Lalwani Director Recognitions & Rankings of Balaji Polyster
Contact details
Balaji Polyster Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. – 27/28 Block No. – 310/311 Village – Tantithaiya Taluka – Palsana, Surat, Gujarat, India – 394305
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Balaji Polyster Private Limited, buy the company report.
Comprehensive company report
Balaji Polyster Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Balaji Polyster is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Balaji Polyster Private Limited, buy the company report.
Financials of Balaji Polyster Private Limited
FY 2025 filings availableBalaji Polyster Private Limited reported revenue of ₹68.21 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹68.21 Cr ▼ 13%
Net profit · FY 2025
₹23.1 Lakh margin 0.3%
EBITDA · FY 2025
₹86.89 Lakh margin 1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 5%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▼ 26%
5 years · compounded
▼ 14%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 10% 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 |
|---|---|---|---|---|---|
| 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 | ₹86.89 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.1 Lakh | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Balaji Polyster Private Limited, buy the company report.
Board of directors of Balaji Polyster Private Limited
Balaji Polyster has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunilkumar Ghewarchand Begani Also directs: Mahavir Dyeing and Printing Mills Private Limited | Director | 01 Jul 2005 | 21 Years 3 Months | Current |
| Hemang Gumanbhai Patel | Whole-Time Director | 16 Aug 2010 | 16 Years 2 Months | Current |
| Dipesh Lalwani | Director | 07 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Balaji Polyster Private Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ambica Fabrics Private Limited | ₹68.31 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Vyva Apparels (India) Private Limited | ₹68.25 Cr (FY 2016) | 143.0% | Mumbai, Maharashtra, India | |||
| Kesar Cotton Private Limited | ₹68.24 Cr (FY 2024) | 44.0% | Bhavnagar, Gujarat, India | |||
| Prisma Garments Private Limited | ₹68.22 Cr (FY 2024) | 50.0% | Tirupur, Tamil Nadu, India | |||
| Balaji Polyster Private Limitedthis company | ₹68.21 Cr (FY 2025) | ₹23.1 Lakh | 0.3% | -13.0% | Surat, Gujarat, India | |
| Wendler Interlining Private Limited | ₹68.2 Cr (FY 2025) | 10.0% | Gurgaon, Haryana, India | |||
| Ramkrupa Cotex Private Limited | ₹68.16 Cr (FY 2025) | 62.0% | Jasdan, Gujarat, India | |||
| Aastha Fashions Private Limited | ₹68.11 Cr (FY 2025) | 48.0% | Surat, Gujarat, India | |||
| Deekay Trexim (India) Private Limited | ₹68.09 Cr (FY 2024) | -24.0% | Bhilwara, Rajasthan, India |
To see the full peer comparison of Balaji Polyster Private Limited, buy the company report.
Auditor
Balaji Polyster Private Limited is audited by Shah Kailash and Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah Kailash and Associates LLP | FY 2023 | 109647W |
Shareholding
The shareholding of Balaji Polyster 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Balaji Polyster Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.53 Cr
Satisfied charges
₹30.6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Apr 2025 | 101089511 | Others | ₹1.53 Cr | Open | |
| 11 Jan 2012 | 10334074 | The Shamrao Vithal Co-Operative Bank Limited | ₹15.3 Cr | Satisfied | |
| 10 Jan 2012 | 10334072 | The Shamrao Vithal Co-Operative Bank Limited | ₹15.3 Cr | Satisfied |
To see the full charge records of Balaji Polyster Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Balaji Polyster Private Limited has 9 court cases on record: 2 filed by Balaji Polyster, 7 filed against it. 2 cases are pending and 7 are disposed.
Total cases
9
Filed by the company
2
Filed against the company
7
Pending
2
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 7 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against State of Maharashtra Through Prin. Secretary, and Ors | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| District court, SURAT, Gujarat | Court case (RECO33C2 LC) | Filed against the company by an individual | Disposed |
| District court, SURAT, Gujarat | Court case (RECO33C2 LC) | Filed against the company by an individual | Disposed |
To see the full case history of Balaji Polyster 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
Balaji Polyster Private Limited has 5 MSME Form 1 returns on record between 2019 and 2020, listing 57 overdue payments to 21 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 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Balaji Polyster Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Balaji Polyster has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCB6974D1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Balaji Polyster Private Limited, buy the company report.
Recent activity
Balaji Polyster Private Limited has 9 board changes on record since 2005: 3 appointments and 6 cessations. The latest: Dipesh Lalwani was appointed as Director on 07 Mar 2025.
AGM
Balaji Polyster Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1.53 Cr with Charge ID 101089511 was registered on 11 Apr 2025.
Filing
Balaji Polyster Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Dipesh Lalwani was appointed as Director.
Charges
A charge registered on 11 Jan 2012 via Charge ID 10334074 with The Shamrao Vithal Co-Operative Bank Limited was fully satisfied on 08 Oct 2021.
Charges
A charge registered on 10 Jan 2012 via Charge ID 10334072 with The Shamrao Vithal Co-Operative Bank Limited was fully satisfied on 08 Oct 2021.
Ceased
Hemang Gumanbhai Patel ceased to be Director.
Ceased
Ashish Shantilal Begani ceased to be Director.
Ceased
Gautamchand Karnidan Maloo ceased to be Whole-Time Director.
Ceased
Manojkumar Karnidan Maloo ceased to be Whole-Time Director.
Charges
A charge with The Shamrao Vithal Co-Operative Bank Limited of Rs. 15.30 Cr registered on 10 Jan 2012 with Charge ID 10334072 was modified on 20 Jan 2012.
Charges
A charge with The Shamrao Vithal Co-Operative Bank Limited amounted to Rs. 15.30 Cr with Charge ID 10334074 was registered on 11 Jan 2012.
6 earlier events are in the company report.
Frequently asked questions
Balaji Polyster is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 01 July 2005 (21+ years old) and is registered under CIN U17100GJ2005PTC046353.
Balaji Polyster has 3 current directors:
- Hemang Gumanbhai Patel - Whole-Time Director
- Sunilkumar Ghewarchand Begani - Director
- Dipesh Lalwani - Director
The latest financial statements of Balaji Polyster on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Balaji Polyster is 24AACCB6974D1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Balaji Polyster is U17100GJ2005PTC046353. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaji Polyster has 9 court cases on record: 2 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Balaji Polyster was incorporated on 01 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Balaji Polyster by revenue are Ambica Fabrics Private Limited, Vyva Apparels (India) Private Limited, Kesar Cotton Private Limited, Prisma Garments Private Limited, Wendler Interlining Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Dipesh Lalwani was appointed as Director on 07 Mar 2025. Hemang Gumanbhai Patel ceased to be Director on 23 Feb 2018. Ashish Shantilal Begani ceased to be Director on 21 Sep 2016. Balaji Polyster has 9 board changes on record in total.
Yes, Balaji Polyster is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0166445).
Balaji Polyster has 5 MSME Form 1 returns on record between 2019 and 2020, listing 57 overdue payments to 21 micro and small suppliers. The latest return was filed on 10 Mar 2021.
The registered office of Balaji Polyster is at Plot No. – 2728 Block No. – 310311 Village – Tantithaiya Taluka – Palsana, Surat, Gujarat, India – 394305.