MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0034008
Bhagwati Polyfill Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹50.51 Cr
▼ 20% YoY
Net profit · FY 2023
₹76 Lakh
Net margin 1.5%
EBITDA · FY 2023
₹3.06 Cr
EBITDA margin 6.1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹5 Cr
Satisfied ₹11.32 Cr
Company age
23 yrs
Est. 2003
Directors on board
6
As per MCA filings
About Bhagwati Polyfill Private Limited
Data last updated:
Bhagwati Polyfill 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 26 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17297GJ2003PTC043407. Its GSTIN is 24AACCB3125A1ZL (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Bharatbhai Babubhai Dhanani and Jayantibhai Devshibhai Sodvadiya.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 22 Mahatma Industrialestate Varachha Road Kadodara, Surat, Gujarat, India – 395006.
As per the financials filed for FY 2023, the company reported a revenue of ₹50.51 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹76 Lakh (net margin 1.5%) and EBITDA of ₹3.06 Cr (EBITDA margin 6.1%). Revenue has declined at a compounded annual rate (CAGR) of 4% over five years.
As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹11.32 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
Bhagwati Polyfill Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0034008). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhagwatipolyfill.com.
Company details
CIN U17297GJ2003PTC043407
Registration Number 043407
Incorporation Date 26 December 2003
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0034008
Key People
Bharatbhai Babubhai Dhanani Director Jayantibhai Devshibhai Sodvadiya Director Dineshbhai Manubhai Sodvadiya Director Recognitions & Rankings of Bhagwati Polyfill
Contact details
Bhagwati Polyfill Private Limited's registered office is in Surat, Gujarat. Its website is bhagwatipolyfill.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address22 Mahatma Industrialestate Varachha Road Kadodara, Surat, Gujarat, India – 395006
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Bhagwati Polyfill Private Limited, buy the company report.
Comprehensive company report
Bhagwati Polyfill 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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Financials of Bhagwati Polyfill Private Limited
FY 2025 filings availableBhagwati Polyfill Private Limited reported revenue of ₹50.51 Cr (down 20% YoY) for FY 2023.
Revenue · FY 2023
₹50.51 Cr ▼ 20%
Net profit · FY 2023
₹76 Lakh margin 1.5%
EBITDA · FY 2023
₹3.06 Cr margin 6.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 20%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▼ 23%
5 years · compounded
▼ 4%
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 20% fall in the latest year. EBITDA fell 23% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹50.51 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹76 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | 1.5% | ||||
| 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 Bhagwati Polyfill Private Limited, buy the company report.
Board of directors of Bhagwati Polyfill Private Limited
Bhagwati Polyfill has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharatbhai Babubhai Dhanani Also directs: Komal Texart Private Limited | Director | 25 Aug 2007 | 19 Years 2 Months | Current |
| Jayantibhai Devshibhai Sodvadiya Also directs: Komal Texart Private Limited | Director | 25 Aug 2007 | 19 Years 2 Months | Current |
| Dineshbhai Manubhai Sodvadiya Also directs: Komal Texart Private Limited | Director | 25 Aug 2007 | 19 Years 2 Months | Current |
| Rameshbhai Babubhai Dhanani Also directs: Komal Texart Private Limited | Director | 26 Dec 2003 | 22 Years 10 Months | Current |
| Pankajbhai Babubhai Dhanani Also directs: Komal Texart Private Limited | Director | 25 Dec 2018 | 7 Years 10 Months | Current |
| Ajaykumar Parshottambhai Hirpara Also directs: Komal Texart Private Limited | Director | 25 Dec 2018 | 7 Years 10 Months | Current |
Auditor
Bhagwati Polyfill Private Limited is audited by KAMLESH PANDYA & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAMLESH PANDYA & Co. | FY 2023 | 116939W |
Shareholding
The shareholding of Bhagwati Polyfill 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bhagwati Polyfill Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5 Cr
Satisfied charges
₹11.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2021 | 100471466 | Hdfc Bank Limited | ₹5 Cr | Open | |
| 06 Feb 2010 | 10208220 | Bank of Baroda | ₹6.8 Cr | Satisfied | |
| 14 Sep 2005 | 80040722 | Others | ₹4.52 Cr | Satisfied |
To see the full charge records of Bhagwati Polyfill Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Bhagwati Polyfill Private Limited has 2 court cases on record: 1 filed by Bhagwati Polyfill, 1 filed against it. All cases are disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by The Assistant Commissioner of Income Tax Circle 1 (1)(1) | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against The Assistant Commissioner of Income Tax | Disposed |
To see the full case history of Bhagwati Polyfill 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
Bhagwati Polyfill Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 13 overdue payments to 7 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 7)
| 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 Bhagwati Polyfill Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Bhagwati Polyfill has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCB3125A1ZL | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhagwati Polyfill Private Limited, buy the company report.
Recent activity
Bhagwati Polyfill Private Limited has 8 board changes on record since 2003: 7 appointments and 1 cessation. The latest: Ajaykumar Parshottambhai Hirpara was appointed as Director on 25 Dec 2018.
AGM
Bhagwati Polyfill Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Bhagwati Polyfill Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 500.00 Lakh registered on 30 Jun 2021 with Charge ID 100471466 was modified on 28 Oct 2021.
Charges
A charge registered on 14 Sep 2005 via Charge ID 80040722 with Others was fully satisfied on 02 Sep 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 500.00 Lakh with Charge ID 100471466 was registered on 30 Jun 2021.
Charges
A charge with Others of Rs. 451.92 Lakh registered on 14 Sep 2005 with Charge ID 80040722 was modified on 31 Jul 2019.
Appointed
Ajaykumar Parshottambhai Hirpara was appointed as Director.
Appointed
Pankajbhai Babubhai Dhanani was appointed as Director.
Charges
A charge registered on 06 Feb 2010 via Charge ID 10208220 with Bank Of Baroda was fully satisfied on 12 Jul 2017.
Charges
A charge with Bank Of Baroda amounted to Rs. 680.00 Lakh with Charge ID 10208220 was registered on 06 Feb 2010.
Ceased
Ashwinbhai Babubhai Dhanani ceased to be Director.
Appointed
Bharatbhai Babubhai Dhanani was appointed as Director.
6 earlier events are in the company report.
Frequently asked questions
Bhagwati Polyfill 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 26 December 2003 (23+ years old) and is registered under CIN U17297GJ2003PTC043407.
Bhagwati Polyfill has 6 current directors:
- Bharatbhai Babubhai Dhanani - Director
- Jayantibhai Devshibhai Sodvadiya - Director
- Dineshbhai Manubhai Sodvadiya - Director
- Rameshbhai Babubhai Dhanani - Director
- Pankajbhai Babubhai Dhanani - Director
- Ajaykumar Parshottambhai Hirpara - Director
The latest financial statements of Bhagwati Polyfill on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhagwati Polyfill is 24AACCB3125A1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Bhagwati Polyfill is U17297GJ2003PTC043407. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhagwati Polyfill has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the high courts.
Bhagwati Polyfill was incorporated on 26 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ajaykumar Parshottambhai Hirpara was appointed as Director on 25 Dec 2018. Pankajbhai Babubhai Dhanani was appointed as Director on 25 Dec 2018. Ashwinbhai Babubhai Dhanani ceased to be Director on 30 Aug 2007. Bhagwati Polyfill has 8 board changes on record in total.
Yes, Bhagwati Polyfill is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0034008).
Bhagwati Polyfill has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 13 overdue payments to 7 micro and small suppliers. The latest return was filed on 26 Oct 2019.
Bhagwati Polyfill can be reached through the website bhagwatipolyfill.com. Its registered office is in Surat, Gujarat, India.
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