Durga Polysters Private Limited

Durga Polysters Private Limited - manufacturing in Surat, Gujarat, India. Directors, charges & compliance details.
CIN U00064GJ1997PTC144316 Incorporated 26 March 1997 ROC Ahmedabad HQ Surat, Gujarat, India
Merged Private Limited Company manufacturing
Data last updated
Revenue · FY 2023
₹229.21 Cr
▲ 63% YoY
Net profit · FY 2023
₹17.85 Cr
Net margin 7.8%
EBITDA · FY 2023
₹34.66 Cr
EBITDA margin 15.1%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹1.28 Cr
Issued & subscribed
Satisfied charges
₹25.12 Cr
No open charges
Company age
29 yrs
Est. 1997
Employees · EPFO
1,178
Provident fund records

About Durga Polysters Private Limited

Data last updated:

Durga Polysters Private Limited was a private limited company based in Surat, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 26 March 1997.

The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U00064GJ1997PTC144316. Its GSTIN is 24AABCD3866F2ZT (Gujarat). The company held 2 GST registrations, of which 1 is active.

The company had an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.28 Cr. It was formerly known as Durga Impex Private Limited. It was led by directors including Gopal Sultania and Kunj Bihari Ramautar Sultania.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Surat, Gujarat.

As per the financials filed for FY 2023, the company reported a revenue of ₹229.21 Cr, a growth of 63% compared to the previous year. For the same year it recorded a net profit of ₹17.85 Cr (net margin 7.8%) and EBITDA of ₹34.66 Cr (EBITDA margin 15.1%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 18% over five years.

The company had about 1,178 employees on its provident fund (EPFO) records before it was dissolved.

As per MCA filings, the company had satisfied charges of ₹25.12 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company. The company has 15 deals on record (10 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹12.12 Cr; the latest was in October 2021. Its 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Amarjothi Spinning Mills Limited with revenue of ₹231.68 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2023, listing 532 overdue payments to 94 micro and small suppliers.

The last known website on record is digitalprint.co.in.

Company Details of Durga Polysters Private Limited
CIN U00064GJ1997PTC144316
Registration Number 007815
Incorporation Date 26 March 1997
ROC Ahmedabad
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
Key People
Gopal Sultania Director Kunj Bihari Ramautar Sultania Director Jitendrakumar Banwarilal Goswami Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    digitalprint.co.in
  • Social Media
    Locked
  • Registered Address
    A – 501 Icc Nr. Kadiwala School Ring Road, India, Surat, Gujarat, India – 395002
  • Industry
    Manufacturing, Textile & Fabric Production
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Financials, compliance, directors, charges, ownership and filings for Durga Polysters Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Durga Polysters Private Limited

The main business activity of Durga Polysters is manufacturing. In detail, this covers textile, leather and other apparel products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC2Textile, leather and other apparel productsLocked
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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

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Financials of Durga Polysters Private Limited FY 2023 filings available

Durga Polysters Private Limited reported revenue of ₹229.21 Cr (up 63% YoY) for FY 2023.

Revenue · FY 2023
₹229.21 Cr ▲ 63%
Net profit · FY 2023
₹17.85 Cr margin 7.8%
EBITDA · FY 2023
₹34.66 Cr margin 15.1%

Compounded Annual Growth Rate (CAGR) of Durga Polysters Private Limited

Revenue CAGR growth
1 year
▲ 63%
3 years · compounded
▲ 30%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▲ 44%
3 years · compounded
▲ 49%
5 years · compounded
▲ 19%

Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 63% growth in the latest year. EBITDA rose 44% 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 Durga Polysters Private Limited

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹229.21 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹34.66 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹17.85 Cr••••••••••••••••
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 Durga Polysters Private Limited

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin15.1%••••••••••••••••
Net Profit Margin7.8%••••••••••••••••
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 Durga Polysters are in the company report.

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Financial statements from 2015

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Peer Comparison of Durga Polysters Private Limited

Durga Polysters Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Amarjothi Spinning Mills Limited Listed₹231.68 Cr (FY 2025)••••••••14.0%••••Coimbatore, Tamil Nadu, India
Orbit Exports Ltd Listed₹230.71 Cr (FY 2025)••••••••12.0%••••Mumbai, Maharashtra, India
Usha Yarns Limited₹230.32 Cr (FY 2024)••••••••-6.0%••••Punjab, India
Kanknarrah Company Limited₹229.55 Cr (FY 2025)••••••••-25.0%••••Kolkata, West Bengal, India
Freudenberg Performance Materials India Private Limited₹229.42 Cr (FY 2025)••••••••11.0%••••Chennai, Tamil Nadu, India
Durga Polysters Private Limited this company₹229.21 Cr (FY 2023)••••••••63.0%••••Surat, Gujarat, India
Polyspin Exports Limited Listed₹228.84 Cr (FY 2025)••••••••11.0%••••Tamil Nadu, India
Shri Ramalinga Mills Private Limited₹228.74 Cr (FY 2025)••••••••-19.0%••••Aruppukottai, Tamil Nadu, India
Gomuki Spinning Mills Private Limited₹228.44 Cr (FY 2025)••••••••30.0%••••Tirupur, Tamil Nadu, India
Patwa Brothers Textile Private Limited₹227.92 Cr (FY 2025)••••••••13.0%••••Kolkata, West Bengal, India
Mercury Fabrics Private Limited₹227.4 Cr (FY 2025)••••••••9.0%••••New Delhi, Delhi, India

Peers are the five companies nearest above and the five nearest below Durga Polysters by revenue in the Manufacturing industry (Textiles), 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 Durga Polysters Private Limited

Durga Polysters Private Limited is audited by R Kejriwal & Co. for the financial year 2023.

NameStatusAppointment DateCessation Date
R Kejriwal & Co.LockedLockedLocked
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Board of Directors of Durga Polysters Private Limited

Durga Polysters has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Gopal Sultania
Also directs: Durga Processors Private Limited, Arrika Fibres Private Limited
Director30 Aug 20197 Years 1 MonthsAs last reported
Kunj Bihari Ramautar Sultania
Also directs: Durga Engicon LLP, Durga Agro Park Private Limited, Durga Processors Private Limited and 2 more
Director26 Mar 199729 Years 6 MonthsAs last reported
Jitendrakumar Banwarilal Goswami
Also directs: Durga Processors Private Limited
Director23 Jul 20206 Years 2 MonthsAs last reported
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Ownership and Shareholding of Durga Polysters Private Limited

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Charges & Borrowings of Durga Polysters Private Limited

Open charges
None
Satisfied charges
₹25.12 Cr
Breakdown by lending institutions
State Bank of Travancore₹16.62 Cr
Small Industries Development Bank of India₹8.50 Cr
Latest charge details
DateLenderAmountStatus
03 Jul 2012State Bank of Travancore₹66 LakhSatisfied
17 Nov 2011State Bank of Travancore₹3.15 CrSatisfied
17 Nov 2011State Bank of Travancore₹8.31 CrSatisfied
17 Nov 2011State Bank of Travancore₹1.62 CrSatisfied
17 Nov 2011State Bank of Travancore₹2.88 CrSatisfied

Total charge records: 6 View all charges

Deals & Funding of Durga Polysters Private Limited

Durga Polysters Private Limited has 15 deals on record (10 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹12.12 Cr; the latest was in October 2021.

Total deals
15
Secondary share transfers
10
Funding rounds
4
Rights issue
1
Disclosed funding
₹12.12 Cr

Deals on record (5 of 15)

WhenDealAmountParties
Oct 2021Funding round₹4.01 CrInvestors: 3 individuals
Jul 2020Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual
May 2010Secondary share transferUndisclosedBuyer: Durga Avenues Private Limited
Seller: Devgriha Promoters Private Limited , Abhyudaya Builders Private Limited , Nivedan Realtors Private Limited
May 2010Secondary share transferUndisclosedBuyer: Devgriha Promoters Private Limited , Abhyudaya Builders Private Limited , Nivedan Realtors Private Limited
Seller: Kanchan Commodeal Pvt.Ltd. , Nirdesh Trading Pvt Ltd , Jai Matadi Commodeal Private Limited
Nov 2009Funding round₹3.75 CrInvestors: Kanchan Commodeal Pvt.Ltd. , Nirdesh Trading Pvt Ltd , Jai Matadi Commodeal Private Limited
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Durga Polysters Private Limited

Durga Polysters Private Limited has 9 MSME Form 1 returns on record between 2019 and 2023, listing 532 overdue payments to 94 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 94)

SupplierAmount dueDue sinceReported on
Grover Fuels Private Limited••••••••••••
Aim Corp••••••••••••
Vapour Engineers••••••••••••
Accurate Transheat Pvt Ltd••••••••••••
Eurotex Chemicals••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 9 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 Durga Polysters Private Limited

Durga Polysters Private Limited has a workforce of 1,178 employees as of Apr 09, 2024.

Employee count
1,178
Active EPFO establishments
1
Employee growth
3.51%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Group Structure of Durga Polysters Private Limited

Durga Polysters has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Associated companies

CIN History of Durga Polysters Private Limited

Durga Polysters has one previous CIN (Corporate Identification Number): U00064BR1997PTC007815. The current CIN is U00064GJ1997PTC144316, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U00064GJ1997PTC144316Current
U00064BR1997PTC007815Previous

Recent Activity on Durga Polysters Private Limited

Durga Polysters Private Limited has 6 board changes on record since 1997: 3 appointments and 3 cessations. The latest: Jitendrakumar Banwarilal Goswami was appointed as Director on 23 Jul 2020.

AGM
Durga Polysters Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Durga Polysters Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
Charges
A charge registered on 03 Jul 2012 via Charge ID 10366983 with State Bank Of Travancore was fully satisfied on 22 Mar 2023.
Charges
A charge registered on 17 Nov 2011 via Charge ID 10323142 with State Bank Of Travancore was fully satisfied on 22 Mar 2023.
Charges
A charge registered on 17 Nov 2011 via Charge ID 10323144 with State Bank Of Travancore was fully satisfied on 22 Mar 2023.
Charges
A charge registered on 17 Nov 2011 via Charge ID 10323133 with State Bank Of Travancore was fully satisfied on 22 Mar 2023.
Charges
A charge registered on 17 Nov 2011 via Charge ID 10323136 with State Bank Of Travancore was fully satisfied on 22 Mar 2023.
Appointed
Jitendrakumar Banwarilal Goswami was appointed as Director.
Ceased
Gopal Sultania ceased to be Additional Director.
Ceased
Vipul Kiritbhai Desai ceased to be Whole-Time Director.
Appointed
Gopal Sultania was appointed as Director.
Charges
A charge registered on 11 Dec 2009 via Charge ID 10191177 with Small Industries Development Bank Of India was fully satisfied on 04 Jan 2017.

12 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Durga Polysters Private Limited

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Subsidiaries & Group Companies of Durga Polysters Private Limited

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Corporate group structure

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GST Compliance of Durga Polysters Private Limited

Durga Polysters has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AABCD3866F2ZTGujaratActive01 Jul 2017
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MCA Filings & Documents of Durga Polysters Private Limited

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MCA filings and documents

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Frequently Asked Questions about Durga Polysters Private Limited

Durga Polysters 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.

Durga Polysters was a private limited company based in Surat, Gujarat, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 26 March 1997 and is registered under CIN U00064GJ1997PTC144316. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Durga Polysters was incorporated on 26 March 1997. It is registered with the Registrar of Companies, Ahmedabad.

Durga Polysters had 3 directors:

The CIN (Corporate Identification Number) of Durga Polysters is U00064GJ1997PTC144316. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of Durga Polysters is at A – 501 Icc Nr. Kadiwala School Ring Road, India, Surat, Gujarat, India – 395002.

Durga Polysters can be reached through the website digitalprint.co.in. Its registered office is in Surat, Gujarat, India.

Durga Polysters reported revenue of ₹229.21 Cr for FY 2023 (up 63% YoY).

Durga Polysters has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.28 Cr.

Durga Polysters reported a net profit of ₹17.85 Cr (net margin 7.8%) and EBITDA of ₹34.66 Cr (EBITDA margin 15.1%) for FY 2023, as per its filed financial statements.

The GSTIN of Durga Polysters is 24AABCD3866F2ZT, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

Durga Polysters operated in the manufacturing industry, in the textile and fabric production segment.

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