Economic Polytex Pvt Ltd
About Economic Polytex Pvt Ltd
Data last updated:
Economic Polytex Pvt Ltd is a private limited company based in Rajkot, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 26 April 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24299GJ1971PTC001889. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹39.25 Lakh. It is led by directors including Alka Manharlal Vora and Mahendra Vallabhji Vora.
Its last annual general meeting (AGM) was held on 28 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 209/210 Sterling Apartment 2nd Floor Jawahar Road, Rajkot, Gujarat, India – 360001.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.14 Lakh, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹6.91 Lakh (net margin 38.1%) and EBITDA of ₹6.91 Lakh (EBITDA margin 38.1%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years and 9% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹13 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Economic Polytex Pvt Ltd's registered office is in Rajkot, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address209/210 Sterling Apartment 2nd Floor Jawahar Road, Rajkot, Gujarat, India – 360001
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Economic Polytex Pvt Ltd, buy the company report.
- 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
Financials of Economic Polytex Pvt Ltd
FY 2025 filings availableEconomic Polytex Pvt Ltd reported revenue of ₹18.14 Lakh (up 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 9%. EBITDA fell 6% 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 |
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| EBITDA | ₹6.91 Lakh | ||||
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| Net Profit (PAT) | ₹6.91 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 38.1% | ||||
| Net Profit Margin | 38.1% | ||||
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To see the full financial statements and ratios of Economic Polytex Pvt Ltd, buy the company report.
Board of directors of Economic Polytex Pvt Ltd
Economic Polytex has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alka Manharlal Vora | Director | 01 Jul 1987 | 39 Years 3 Months | Current |
| Mahendra Vallabhji Vora Also directs: West Coast Diesels LLP, Economic Growth Fund (India) Limited, Titania Land Developers LLP and 1 more | Director | 01 May 1998 | 28 Years 5 Months | Current |
| Saurin Mahendra Vora Also directs: West Coast Diesels LLP, Economic Polytex LLP, Economic Traders(Gujarat) Private Limited and 5 more | Director | 01 May 1998 | 28 Years 5 Months | Current |
Peer comparison
Economic Polytex Pvt Ltd is compared with the 4 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Andromeda Finstock Pvt Ltd | ₹18.21 Lakh (FY 2024) | 69.0% | Vadodara, Gujarat, India | |||
| Sbshah Financial Private Limited | ₹18.18 Lakh (FY 2025) | -77.0% | Ahmedabad, Gujarat, India | |||
| Economic Polytex Pvt Ltdthis company | ₹18.14 Lakh (FY 2024) | ₹6.91 Lakh | 38.1% | 1.0% | 1 | Rajkot, Gujarat, India |
| Anil Projects Pvt. Ltd. | ₹18.14 Lakh (FY 2025) | -59.0% | Kolkata, West Bengal, India | |||
| Radhaji Promoters Private Limited | ₹18.09 Lakh (FY 2025) | 9.0% | Howrah, West Bengal, India |
To see the full peer comparison of Economic Polytex Pvt Ltd, buy the company report.
Auditor
Economic Polytex Pvt Ltd is audited by ANIL PAREKH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIL PAREKH & CO | FY 2019 | 128503W |
Shareholding
The shareholding of Economic Polytex Pvt Ltd is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Economic Polytex Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2015 | 10587844 | Yes Bank Limited | ₹5 Cr | Satisfied | |
| 14 Sep 1989 | 90101302 | State Bank of Saurashtra | ₹8 Cr | Satisfied |
To see the full charge records of Economic Polytex Pvt Ltd, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Economic Polytex Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Economic Polytex Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Economic Polytex Pvt Ltd has a workforce of 1 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Economic Polytex has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Economic Polytex Pvt Ltd, buy the company report.
Recent activity
Economic Polytex Pvt Ltd has 4 board changes on record since 1987: 3 appointments and 1 cessation. The latest: Indulal Vallabhji Vora ceased to be Director on 06 Dec 2025.
Frequently asked questions
Economic Polytex is an active private limited company based in Rajkot, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 26 April 1971 (55+ years old) and is registered under CIN U24299GJ1971PTC001889.
Economic Polytex has 3 current directors:
- Alka Manharlal Vora - Director
- Mahendra Vallabhji Vora - Director
- Saurin Mahendra Vora - Director
The latest financial statements of Economic Polytex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 September 2025. Year-wise statements from 2015 are in the company report.
No. Economic Polytex has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Economic Polytex is U24299GJ1971PTC001889. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Economic Polytex was incorporated on 26 April 1971, making it 55+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Economic Polytex by revenue are Andromeda Finstock Pvt Ltd, Sbshah Financial Private Limited, Anil Projects Pvt. Ltd, Radhaji Promoters Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (other financial activities).
Indulal Vallabhji Vora ceased to be Director on 06 Dec 2025. Mahendra Vallabhji Vora was appointed as Director on 01 May 1998. Saurin Mahendra Vora was appointed as Director on 01 May 1998. Economic Polytex has 4 board changes on record in total.
The registered office of Economic Polytex is at 209210 Sterling Apartment 2nd Floor Jawahar Road, Rajkot, Gujarat, India – 360001.
Economic Polytex operates in the financial services industry, in the brokerage and trading services segment.
Economic Polytex has no open charges and satisfied charges of ₹13 Cr as per latest MCA filings.