About Cipy Poly Urethanes Private Limited
Data last updated: 27 July 2025
Cipy Poly Urethanes Private Limited was a private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Pidilite Industries Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It specialised in paint and coatings, a part of the broader manufacturing sector. Incorporated on 29 November 1994.
Registered with ROC Pune under CIN U24219PN1994PTC083328.
Capital: an authorised share capital of ₹1 Cr and a paid-up capital of ₹94.17 Lakh. It was led by directors including Himanshu Kapadia and Subhash Cheralayathpanku Cipy.
Last AGM: 27 July 2021. Financial statements filed for year ended 31 March 2021. Office: T – 127 Midc Industrial Area Bhosari, Pune, Maharashtra, India – 411026.
As per the financials filed for FY 2021, the company reported a revenue of ₹90.11 Cr, a decline of 27% compared to the previous year.
The company had a reported workforce of approximately 171 employees prior to being dissolved. It operated as a subsidiary of Pidilite Industries Limited.
The company was associated with 2 brands - Dr Cipy, Cipy Polyurethanes. As per MCA filings, the company had satisfied charges of ₹82.99 Cr on record.
The company has been merged (amalgamated) with another entity and no longer exists separately. Business activities, if any, continue under the successor entity. The last known website on record is cipypolyurethane.com.
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Registered AddressT – 127 Midc Industrial Area Bhosari, Pune, Maharashtra, India – 411026
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IndustryManufacturing, Paint & Coatings
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Cipy Poly Urethanes Private Limited
Cipy Poly Urethanes Private Limited operates two associated brands: Dr Cipy and Cipy Polyurethanes. These brands represent Cipy Poly Urethanes Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Epoxy and polyurethane coatings manufacturing for industrial sectors. | drcipy.com | |
| Polyurethane and epoxy coatings are manufactured in Pune, India. | cipypolyurethane.com |
Business Activity of Cipy Poly Urethanes Private Limited
Cipy Poly Urethanes Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details for Cipy Poly Urethanes Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Cipy Poly Urethanes Private Limited
Cipy Poly Urethanes Private Limited is audited by D R BARVE & ASSOCIATES for the financial year 2021. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D R BARVE & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Cipy Poly Urethanes Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Cipy Poly Urethanes Private Limited
Cipy Poly Urethanes Private Limited is currently managed by 5 directors, with 8 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Himanshu Kapadia
Also directs:
Mbt Construction Chemicals India Private Limited
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Director | 30 Jul 2020 | 6 Years 0 Months | As last reported |
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Subhash Cheralayathpanku Cipy
Also directs:
Cipy Kindred Llp, Cipy Creative Works Private Limited
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Director | 29 Nov 1994 | 31 Years 8 Months | As last reported |
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Rajaram Moreshwar Ajgaonkar
Also directs:
Nina Percept Private Limited
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Director | 25 Jun 2019 | 7 Years 1 Months | As last reported |
| Anand Sawroop Khanna | Director | 25 Jun 2019 | 7 Years 1 Months | As last reported |
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Sanjay Bahadur
Also directs:
Tenax Pidilite India Private Limited, Pidilite Grupo Puma Manufacturing Limited, Pidilite Ventures Private Limited and 5 more
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Director | 09 Feb 2018 | 8 Years 6 Months | As last reported |
Financials of Cipy Poly Urethanes Private Limited FY 2021 filings available
Cipy Poly Urethanes Private Limited reported revenue of ₹90.11 Cr (down 27.00% YoY) for FY 2021.
Ten-year financial statements for Cipy Poly Urethanes Private Limited
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Ownership and Shareholding of Cipy Poly Urethanes Private Limited
Shareholding and ownership data for Cipy Poly Urethanes Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
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Charges & Borrowings of Cipy Poly Urethanes Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 May 2018 | Hdfc Bank Limited | ₹39 Cr | Satisfied |
| 15 Nov 2016 | Dbs Bank Ltd | ₹6 Cr | Satisfied |
| 10 Mar 2007 | Axis Bank Limited | ₹32 Cr | Satisfied |
| 28 Nov 2001 | Indian Bank | ₹5.22 Cr | Satisfied |
| 17 Sep 1997 | Indian Bank | ₹7 Lakh | Satisfied |
Total charge records: 7 View all charges
Employees and EPFO Compliance at Cipy Poly Urethanes Private Limited
Cipy Poly Urethanes Private Limited has a workforce of 171 employees as of Apr 08, 2024.
Employee and EPFO history for Cipy Poly Urethanes Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Cipy Poly Urethanes Private Limited
GST registrations and filing compliance for Cipy Poly Urethanes Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Cipy Poly Urethanes Private Limited
Credit ratings, litigation, and regulatory alerts for Cipy Poly Urethanes Private Limited
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- Rating history
- Court and tribunal cases
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MSME Payment Delays by Cipy Poly Urethanes Private Limited
MSME payment history for Cipy Poly Urethanes Private Limited
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Subsidiaries & Group Companies of Cipy Poly Urethanes Private Limited
Corporate group structure for Cipy Poly Urethanes Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
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MCA Filings & Documents of Cipy Poly Urethanes Private Limited
MCA filings and documents for Cipy Poly Urethanes Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
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Recent Activity on Cipy Poly Urethanes Private Limited
Recent News on Cipy Poly Urethanes Private Limited
Frequently Asked Questions about Cipy Poly Urethanes Private Limited
Cipy Poly Urethanes Private Limited has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Cipy Poly Urethanes Private Limited is a amalgamated private limited company in the manufacturing sector based in Pune, Maharashtra, India. It was incorporated on 29 November 1994 and is registered under CIN U24219PN1994PTC083328. The company was amalgamated as per MCA records and no longer exists as a legal entity.
Cipy Poly Urethanes Private Limited was incorporated on 29 November 1994. Registered with ROC Pune.
The current directors of Cipy Poly Urethanes Private Limited are:
- Himanshu Kapadia - Director
- Subhash Cheralayathpanku Cipy - Director
- Rajaram Moreshwar Ajgaonkar - Director
- Anand Sawroop Khanna - Director
- Sanjay Bahadur - Director
The CIN (Corporate Identification Number) of Cipy Poly Urethanes Private Limited is U24219PN1994PTC083328. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The primary industry of Cipy Poly Urethanes Private Limited is manufacturing. The company specifically operates in paint and coatings.