MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-16-0004450
Cryston Polyflex Private Limited - packaging in Navsari, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹16.98 Cr
▲ 82% YoY
Net loss · FY 2025
₹63.6 Lakh
Net margin -3.7%
EBITDA · FY 2025
₹80.08 Lakh
EBITDA margin 4.7%
Authorised capital
₹4.99 Cr
Registered with MCA
Paid-up capital
₹4.9 Cr
Issued & subscribed
Open charges
₹14.39 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
7
Provident fund records
About Cryston Polyflex Private Limited
Data last updated:
Cryston Polyflex Private Limited is a private limited company based in Navsari, Gujarat, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 13 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25191GJ2020PTC117251. Its GSTIN is 24AAJCC0371L1ZO (Gujarat).
The company has an authorised share capital of ₹4.99 Cr and a paid-up capital of ₹4.9 Cr. It is led by directors including Bharatbhai Kalyanbhai Malvia and Himmatbhai Nathabhai Rakholia.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Navsari, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.98 Cr, a growth of 82% compared to the previous year. For the same year it recorded a net loss of ₹63.6 Lakh (net margin -3.7%) and EBITDA of ₹80.08 Lakh (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 181% over three years.
The company has about 7 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Cryston Polyflex. As per MCA filings, the company has open charges of ₹14.39 Cr on record.
Cryston Polyflex Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-16-0004450). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website crystonpolyflex.com.
Company Details of Cryston Polyflex Private Limited
CIN U25191GJ2020PTC117251
Registration Number 117251
Incorporation Date 13 October 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-16-0004450
Key People
Bharatbhai Kalyanbhai Malvia Director Himmatbhai Nathabhai Rakholia Director Nirav Pravinbhai Thummar Director Recognitions & Rankings of Cryston Polyflex
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressBlock No. 441 N. H. 8 Beside Village Taste Hotel, Unn – Munsad Road Unn, Navsari, Gujarat, India – 396433
- IndustryPackaging, Woven Packaging Products
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Associated Brands with Cryston Polyflex Private Limited
Cryston Polyflex operates one associated brand: Cryston Polyflex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying of PP and HDPE woven products in India. | crystonpolyflex.com |
Business Activity of Cryston Polyflex Private Limited
The main business activity of Cryston Polyflex 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 |
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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 Cryston Polyflex Private Limited FY 2025 filings available
Cryston Polyflex Private Limited reported revenue of ₹16.98 Cr (up 82% YoY) for FY 2025.
Revenue · FY 2025
₹16.98 Cr ▲ 82%
Net loss · FY 2025
₹63.6 Lakh margin -3.7%
EBITDA · FY 2025
₹80.08 Lakh margin 4.7%
Compounded Annual Growth Rate (CAGR) of Cryston Polyflex Private Limited
Revenue CAGR growth
1 year
▲ 82%
3 years · compounded
▲ 181%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▲ 85%
Revenue has grown at a compounded annual rate (CAGR) of 181% over three years, including 82% growth in the latest year. EBITDA fell 21% 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 of Cryston Polyflex Private Limited
| 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 | ₹80.08 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹63.6 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 of Cryston Polyflex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -3.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Cryston Polyflex are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Cryston Polyflex Private Limited
Cryston Polyflex has 6 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 |
|---|---|---|---|---|
| Bharatbhai Kalyanbhai Malvia | Director | 12 May 2023 | 3 Years 5 Months | Current |
| Himmatbhai Nathabhai Rakholia Also directs: Shivay Comtrade LLP, Aareha Elastin Fibc Private Limited | Director | 12 May 2023 | 3 Years 5 Months | Current |
| Nirav Pravinbhai Thummar Also directs: Shivay Comtrade LLP, Aareha Elastin Fibc Private Limited | Director | 12 May 2023 | 3 Years 5 Months | Current |
| Mahesh Bharatbhai Malaviya Also directs: Shivay Comtrade LLP, Aareha Elastin Fibc Private Limited | Director | 12 May 2023 | 3 Years 5 Months | Current |
| Chirag Pravinbhai Thummer Also directs: Shivay Comtrade LLP, Aareha Elastin Fibc Private Limited, LGC Air Products Private Limited and 1 more | Director | 12 May 2023 | 3 Years 5 Months | Current |
| Ashish Himmatlal Rakholia Also directs: Shivay Comtrade LLP, Aareha Elastin Fibc Private Limited | Director | 12 May 2023 | 3 Years 5 Months | Current |
Peer Comparison of Cryston Polyflex Private Limited
Cryston Polyflex Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Woven Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dharmbhakti Polytex Private Limited | ₹17.56 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Morbi, Gujarat, India |
| Garuda Infrabuild Private Limited | ₹17.53 Cr (FY 2025) | •••• | •••• | 189.0% | •••• | Delhi, India |
| Karni Tradepack Private Limited | ₹17.49 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | Bavla, Gujarat, India |
| Four Stars Poly Private Limited | ₹17.45 Cr (FY 2024) | •••• | •••• | 682.0% | •••• | Pandhana, Madhya Pradesh, India |
| Easy Plastics Private Limited | ₹17.45 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Cryston Polyflex Private Limited this company | ₹16.98 Cr (FY 2025) | •••• | •••• | 82.0% | •••• | Navsari, Gujarat, India |
| Jagdmby Poly Fab Private Limited | ₹16.43 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Panipat, Haryana, India |
| Pavansut Polytex Private Limited | ₹16.33 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Morbi, Gujarat, India |
| Vitthal Polypack Private Limited | ₹16.26 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Jalna, Maharashtra, India |
| Ashish Bags and Fashions Private Limited | ₹16.13 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | Kolkata, West Bengal, India |
| Sai Sree Woven Sacks Private Limited | ₹16.1 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Telangana, India |
Peers are the five companies nearest above and the five nearest below Cryston Polyflex by revenue in the Packaging industry (Woven Products), 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 Cryston Polyflex Private Limited
Cryston Polyflex Private Limited is audited by AKMK & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AKMK & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Cryston Polyflex Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
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Verified entity values are shown only after access is granted.
Charges & Borrowings of Cryston Polyflex Private Limited
Open charges
₹14.39 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Sep 2021 | Canara Bank | ₹14.39 Cr | Open |
Total charge records: 1 View all charges
MSME Payment Delays by Cryston Polyflex Private Limited
Cryston Polyflex Private Limited has 3 MSME Form 1 returns on record between 2022 and 2023, listing 56 overdue payments to 29 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 29)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Unique Industries Pipodara | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Arm Strength Industrial Co | •••• | •••• | •••• |
| Geotex Textile Pvt.Ltd | •••• | •••• | •••• |
| Kanaiya Metals | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Cryston Polyflex Private Limited
Employment history and EPFO contributions of people linked to Cryston Polyflex.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Cryston Polyflex Private Limited
Cryston Polyflex Private Limited has 12 board changes on record since 2021: 6 appointments and 6 cessations. The latest: Hardik Rajeshbhai Vidja ceased to be Director on 18 Aug 2023.
AGM
Cryston Polyflex Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
Cryston Polyflex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Canara Bank of Rs. 14.39 Cr registered on 14 Sep 2021 with Charge ID 100481726 was modified on 31 Jul 2024.
Ceased
Hardik Rajeshbhai Vidja ceased to be Director.
Ceased
Ravikumar Jayantibhai Kanani ceased to be Director.
Appointed
Ashish Himmatlal Rakholia was appointed as Director.
Appointed
Bharatbhai Kalyanbhai Malvia was appointed as Director.
Appointed
Chirag Pravinbhai Thummer was appointed as Director.
Appointed
Himmatbhai Nathabhai Rakholia was appointed as Director.
Appointed
Mahesh Bharatbhai Malaviya was appointed as Director.
Appointed
Nirav Pravinbhai Thummar was appointed as Director.
Ceased
Akshay Hiteshbhai Sorathia ceased to be Additional Director.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Cryston Polyflex Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
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Subsidiaries & Group Companies of Cryston Polyflex Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Cryston Polyflex Private Limited
Cryston Polyflex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCC0371L1ZO | Gujarat | Active | 02 Dec 2020 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Cryston Polyflex Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Cryston Polyflex Private Limited
Cryston Polyflex is an active private limited company based in Navsari, Gujarat, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 13 October 2020 (6+ years old) and is registered under CIN U25191GJ2020PTC117251.
Cryston Polyflex reported revenue of ₹16.98 Cr for FY 2025 (up 82% YoY).
Cryston Polyflex has 6 current directors:
- Bharatbhai Kalyanbhai Malvia - Director
- Himmatbhai Nathabhai Rakholia - Director
- Nirav Pravinbhai Thummar - Director
- Mahesh Bharatbhai Malaviya - Director
- Chirag Pravinbhai Thummer - Director
- Ashish Himmatlal Rakholia - Director
Cryston Polyflex reported a net loss of ₹63.6 Lakh (net margin -3.7%) and EBITDA of ₹80.08 Lakh (EBITDA margin 4.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Cryston Polyflex is 181% over three years. In the latest year (FY 2025) revenue rose 82%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Cryston Polyflex is 24AAJCC0371L1ZO, registered in Gujarat.
The CIN (Corporate Identification Number) of Cryston Polyflex is U25191GJ2020PTC117251. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cryston Polyflex was incorporated on 13 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Cryston Polyflex by revenue are Dharmbhakti Polytex Private Limited, Garuda Infrabuild Private Limited, Karni Tradepack Private Limited, Four Stars Poly Private Limited, Easy Plastics Private Limited and 5 more, all in the Packaging industry (Woven Products).
Hardik Rajeshbhai Vidja ceased to be Director on 18 Aug 2023. Ravikumar Jayantibhai Kanani ceased to be Director on 18 Aug 2023. Ashish Himmatlal Rakholia was appointed as Director on 12 May 2023. Cryston Polyflex has 12 board changes on record in total.
Yes, Cryston Polyflex is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-16-0004450).
Cryston Polyflex has 3 MSME Form 1 returns on record between 2022 and 2023, listing 56 overdue payments to 29 micro and small suppliers. The latest return was filed on 27 Aug 2023.