MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0027836
Dhariyal Polymers Pvt Ltd - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹167.75 Cr
▼ 7% YoY
Net profit · FY 2024
₹28.37 Cr
Net margin 16.9%
EBITDA · FY 2024
₹39.34 Cr
EBITDA margin 23.4%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹41.99 Lakh
Issued & subscribed
Satisfied charges
₹2 Cr
No open charges
Company age
32 yrs
Est. 1994
Employees · EPFO
67
Provident fund records
About Dhariyal Polymers Pvt Ltd
Data last updated:
Dhariyal Polymers Pvt Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 01 July 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1994PTC022398. Its GSTIN is 24AAACD6574B1Z0 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹41.99 Lakh. It is led by directors including Yogesh Chandradutt Dhariyal and Vijay Chandradatt Dhariyal.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹167.75 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹28.37 Cr (net margin 16.9%) and EBITDA of ₹39.34 Cr (EBITDA margin 23.4%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 21% over five years.
The company has about 67 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Dhariyal Polymers Pvt Ltd. As per MCA filings, the company has satisfied charges of ₹2 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 2 cases are pending.
Dhariyal Polymers Pvt Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0027836). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dhariyal.com.
Company details
CIN U17119GJ1994PTC022398
Registration Number 022398
Incorporation Date 01 July 1994
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-01-0027836
Key People
Yogesh Chandradutt Dhariyal Director Vijay Chandradatt Dhariyal Director Nilimaben Yogesh Dhariyal Director Recognitions & Rankings of Dhariyal Polymers
Contact details
Dhariyal Polymers Pvt Ltd's registered office is in Ahmedabad, Gujarat. Its website is dhariyal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address8/2B/8/3 Narol Village B/H. Gpoi Textile Narol Isanpur Rd Na, Rol, Ahmedabad, Gujarat, India – 382405
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Dhariyal Polymers Pvt Ltd, buy the company report.
Comprehensive company report
Dhariyal Polymers Pvt Ltd - 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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Brands
Dhariyal Polymers operates one associated brand: Dhariyal Polymers Pvt Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Polymer manufacturing and customization services in India. | dhariyal.com |
Business activity
The main business activity of Dhariyal Polymers is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Dhariyal Polymers Pvt Ltd, buy the company report.
Financials of Dhariyal Polymers Pvt Ltd
FY 2025 filings availableDhariyal Polymers Pvt Ltd reported revenue of ₹167.75 Cr (down 7% YoY) for FY 2024.
Revenue · FY 2024
₹167.75 Cr ▼ 7%
Net profit · FY 2024
₹28.37 Cr margin 16.9%
EBITDA · FY 2024
₹39.34 Cr margin 23.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 29%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 33%
5 years · compounded
▲ 22%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA rose 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹39.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹28.37 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.4% | ||||
| Net Profit Margin | 16.9% | ||||
| 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 Dhariyal Polymers Pvt Ltd, buy the company report.
Board of directors of Dhariyal Polymers Pvt Ltd
Dhariyal Polymers has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogesh Chandradutt Dhariyal | Director | 08 Jan 2018 | 8 Years 9 Months | Current |
| Vijay Chandradatt Dhariyal | Director | 01 Jul 1994 | 32 Years 4 Months | Current |
| Nilimaben Yogesh Dhariyal | Director | 25 Jul 2007 | 19 Years 3 Months | Current |
| Manorama Vijay Dhariyal | Director | 25 Jul 2007 | 19 Years 3 Months | Current |
Peer comparison
Dhariyal Polymers Pvt Ltd is compared with the 5 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals, Polymers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Encore Natural Polymers Private Limited | ₹173.18 Cr (FY 2023) | 428.0% | Mumbai, Maharashtra, India | |||
| Shreas Industries Limited | ₹168.38 Cr (FY 2025) | 5280.0% | Hyderabad, Telangana, India | |||
| Dhariyal Polymers Pvt Ltdthis company | ₹167.75 Cr (FY 2024) | ₹28.37 Cr | 16.9% | -7.0% | 67 | Ahmedabad, Gujarat, India |
| Advatech Industries Private Limited | ₹167.56 Cr (FY 2024) | -5.0% | Mehsana, Gujarat, India | |||
| Proec Private Limited | ₹166.13 Cr (FY 2024) | 54.0% | New Delhi, Delhi, India | |||
| Golchha Enterprises Private Limited | ₹165.85 Cr (FY 2025) | -21.0% | Jamshedpur, Jharkhand, India |
To see the full peer comparison of Dhariyal Polymers Pvt Ltd, buy the company report.
Auditor
Dhariyal Polymers Pvt Ltd is audited by Krutesh Patel & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Krutesh Patel & Associates | FY 2023 | 100865W |
Shareholding
The shareholding of Dhariyal Polymers Pvt Ltd 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dhariyal Polymers Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2002 | 90100802 | Citibank N.A | ₹2 Cr | Satisfied |
To see the full charge records of Dhariyal Polymers Pvt Ltd, buy the company report.
Total charge records: 1 View all charges
Legal cases
Dhariyal Polymers Pvt Ltd has 4 court cases on record: 3 filed by Dhariyal Polymers, 1 filed against it. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| High courts | 2 | 1 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Commissioner of CGST, Central Excise and St | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 2 others | Pending |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed by the company against individuals | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Jaypee Colour Coating P Ltd and 1 other | Disposed |
To see the full case history of Dhariyal Polymers Pvt Ltd, 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
No delayed payments to MSME suppliers are on our record for Dhariyal Polymers Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dhariyal Polymers Pvt Ltd has a workforce of 67 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
67
Active EPFO establishments
1
Employee growth
13.56%
GST
Dhariyal Polymers has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACD6574B1Z0 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dhariyal Polymers Pvt Ltd, buy the company report.
Recent activity
Dhariyal Polymers Pvt Ltd has 6 board changes on record since 1994: 4 appointments and 2 cessations. The latest: Chandradutt Jaidutt Dhariyal ceased to be Director on 01 Feb 2019.
AGM
Dhariyal Polymers Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Dhariyal Polymers Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 15 Mar 2002 via Charge ID 90100802 with Citibank N.A was fully satisfied on 03 Apr 2019.
Ceased
Chandradutt Jaidutt Dhariyal ceased to be Director.
Ceased
Anandiben Chandradutt Dhariyal ceased to be Director.
Appointed
Yogesh Chandradutt Dhariyal was appointed as Director.
Charges
A charge with Citibank N.A of Rs. 2.00 Cr registered on 15 Mar 2002 with Charge ID 90100802 was modified on 27 Jun 2008.
Appointed
Manorama Vijay Dhariyal was appointed as Director.
Appointed
Nilimaben Yogesh Dhariyal was appointed as Director.
Charges
A charge with Citibank N.A amounted to Rs. 2.00 Cr with Charge ID 90100802 was registered on 15 Mar 2002.
Appointed
Vijay Chandradatt Dhariyal was appointed as Director.
Incorporation
01 Jul 1994
Dhariyal Polymers Pvt Ltd was registered on 01 Jul 1994 with Roc Ahmedabad & aged 32 years 4 months as per MCA records.
Frequently asked questions
Dhariyal Polymers is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 01 July 1994 (32+ years old) and is registered under CIN U17119GJ1994PTC022398.
Dhariyal Polymers has 4 current directors:
- Yogesh Chandradutt Dhariyal - Director
- Vijay Chandradatt Dhariyal - Director
- Nilimaben Yogesh Dhariyal - Director
- Manorama Vijay Dhariyal - Director
The latest financial statements of Dhariyal Polymers 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 Dhariyal Polymers is 24AAACD6574B1Z0, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Dhariyal Polymers is U17119GJ1994PTC022398. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhariyal Polymers has 4 court cases on record: 3 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
Dhariyal Polymers was incorporated on 01 July 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Dhariyal Polymers by revenue are Encore Natural Polymers Private Limited, Shreas Industries Limited, Advatech Industries Private Limited, Proec Private Limited, Golchha Enterprises Private Limited, all in the Chemicals industry (Industrial Chemicals, Polymers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Chandradutt Jaidutt Dhariyal ceased to be Director on 01 Feb 2019. Anandiben Chandradutt Dhariyal ceased to be Director on 08 Jan 2018. Yogesh Chandradutt Dhariyal was appointed as Director on 08 Jan 2018. Dhariyal Polymers has 6 board changes on record in total.
Yes, Dhariyal Polymers is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0027836).
Dhariyal Polymers can be reached through the website dhariyal.com. Its registered office is in Ahmedabad, Gujarat, India.
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