MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-02-0014776
Elastrex Polymers Private Limited - consumer goods in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹340.63 Cr
▲ 1160% YoY
Net profit · FY 2025
₹12.13 Cr
Net margin 3.6%
EBITDA · FY 2025
₹18.02 Cr
EBITDA margin 5.3%
Authorised capital
₹70 Lakh
Registered with MCA
Paid-up capital
₹69.13 Lakh
Issued & subscribed
Open charges
₹40 Cr
Satisfied ₹109.24 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
1
Provident fund records
About Elastrex Polymers Private Limited
Data last updated:
Elastrex Polymers Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the footwear retail and distribution segment of the consumer goods sector. It was incorporated on 21 November 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U00311KA1988PTC009613. Its GSTIN is 29AAACE4004D1Z8 (Karnataka). The company holds 19 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹70 Lakh and a paid-up capital of ₹69.13 Lakh. It is led by directors including Vijoo Zachariah and Nakhul Uthup Joseph.
Its last annual general meeting (AGM) was held on 30 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No:8 Gangadharna Palayakasaba Hobli Nelamangala . Bangalore – 562 123 Karnat, Aka, Karnataka, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹340.63 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹12.13 Cr (net margin 3.6%) and EBITDA of ₹18.02 Cr (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 186% over three years and 50% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹40 Cr and satisfied charges of ₹109.24 Cr on record. Court records list 33 cases involving the company, including 29 filed by the company and 4 filed against it; 4 cases are pending.
Elastrex Polymers Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-02-0014776). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website paragonfootwear.com.
Company details
CIN U00311KA1988PTC009613
Registration Number 009613
Incorporation Date 21 November 1988
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-KR-02-0014776
Recognitions & Rankings of Elastrex Polymers
Contact details
Elastrex Polymers Private Limited's registered office is in Bangalore, Karnataka. Its website is paragonfootwear.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo:8 Gangadharna Palayakasaba Hobli Nelamangala . Bangalore – 562 123 Karnat, Aka, Karnataka, India
- IndustryConsumer Goods, Footwear Retail & Distribution
To see the full contact details of Elastrex Polymers Private Limited, buy the company report.
Comprehensive company report
Elastrex Polymers Private Limited - 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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Business activity
The main business activities of Elastrex Polymers are manufacturing and support service to organizations. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Elastrex Polymers Private Limited, buy the company report.
Financials of Elastrex Polymers Private Limited
FY 2025 filings availableElastrex Polymers Private Limited reported revenue of ₹340.63 Cr (up 1160% YoY) for FY 2025.
Revenue · FY 2025
₹340.63 Cr ▲ 1160%
Net profit · FY 2025
₹12.13 Cr margin 3.6%
EBITDA · FY 2025
₹18.02 Cr margin 5.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 186%
5 years · compounded
▲ 50%
EBITDA CAGR growth
1 year
▲ 50%
3 years · compounded
▲ 14%
5 years · compounded
▲ 34%
Revenue has grown at a compounded annual rate (CAGR) of 50% over five years. EBITDA rose 50% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹18.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.13 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.3% | ||||
| Net Profit Margin | 3.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Elastrex Polymers Private Limited, buy the company report.
Board of directors of Elastrex Polymers Private Limited
Elastrex Polymers has 10 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijoo Zachariah | Director | 01 Oct 1991 | 35 Years 0 Months | Current |
| Nakhul Uthup Joseph Also directs: Preston India Private Limited, Paragon Footwears Private Limited | Director | 26 Sep 2020 | 6 Years 0 Months | Current |
| Thomas Mani Also directs: Preston India Private Limited, Paragon Footwears Private Limited | Director | 26 Sep 2020 | 6 Years 0 Months | Current |
| Mithun Abraham Joseph | Director | 26 Sep 2020 | 6 Years 0 Months | Current |
| Nimmy Joseph Also directs: Preston India Private Limited, Falcon Agencies Private Limited | Director | 01 Jun 2021 | 5 Years 4 Months | Current |
| Reji Koduvirachirayil Joseph | Director | 24 Apr 1997 | 29 Years 6 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
Elastrex Polymers Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Footwear Manufacturers, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Macro Polymers Pvt Ltd | ₹357.68 Cr (FY 2025) | 17.0% | Ahmedabad, Gujarat, India | |||
| Elastrex Polymers Private Limitedthis company | ₹340.63 Cr (FY 2025) | ₹12.13 Cr | 3.6% | 1160.0% | 1 | Bangalore, Karnataka, India |
| BLS Polymers Limited | ₹336.7 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| Bai-Kakaji Polymers Limited | ₹331.26 Cr (FY 2025) | 11.0% | Latur, Maharashtra, India |
To see the full peer comparison of Elastrex Polymers Private Limited, buy the company report.
Auditor
Elastrex Polymers Private Limited is audited by K.VENKATACHALAM AIYER & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.VENKATACHALAM AIYER & CO. | FY 2023 | 004610S |
Shareholding
The shareholding of Elastrex Polymers Private Limited 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 Elastrex Polymers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹40 Cr
Satisfied charges
₹109.24 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Feb 2025 | 101052049 | Hdfc Bank Limited | ₹40 Cr | Open | |
| 30 Nov 2016 | 100104513 | Axis Bank Limited | ₹48.5 Lakh | Satisfied | |
| 11 May 2016 | 100035833 | Others | ₹14.87 Lakh | Satisfied | |
| 08 Dec 2015 | 10613399 | The South Indian Bank Limited | ₹43.48 Lakh | Satisfied | |
| 03 Jun 2015 | 10573294 | Bank of Baroda | ₹7.5 Lakh | Satisfied |
To see the full charge records of Elastrex Polymers Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Elastrex Polymers Private Limited has 33 court cases on record: 29 filed by Elastrex Polymers, 4 filed against it. 4 cases are pending and 29 are disposed.
Total cases
33
Filed by the company
29
Filed against the company
4
Pending
4
Disposed
29
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 1 | 2 |
| District courts | 13 | 2 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Pending |
| High Court | Court case (CRL.P) | Filed by the company against State of Karnataka | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Umar Traders and Another and 1 other | Pending |
| High Court, KARNATAKA | Appeal | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Elastrex Polymers Private Limited, 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
Elastrex Polymers Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 4 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aesthetic International Products Private Limited | |||
| Fortune Enterprises |
To see the full MSME payment records of Elastrex Polymers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Elastrex Polymers Private Limited has a workforce of 1 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
GST
Elastrex Polymers has 19 GST registrations: 6 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
19
Active
6
Cancelled / inactive
13
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACE4004D1Z8 | Karnataka | Active | 01 Jul 2017 |
| 27AAACE4004D1ZC | Maharashtra | Active | 01 Jul 2017 |
| 32AAACE4004D1ZL | Kerala | Active | 01 Jul 2017 |
| 33AAACE4004D1ZJ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Elastrex Polymers Private Limited, buy the company report.
Recent activity
Elastrex Polymers Private Limited has 21 board changes on record since 1991: 10 appointments and 11 cessations. The latest: Sidharth Zacharia Vijoo ceased to be Additional Director on 29 Aug 2025.
AGM
Elastrex Polymers Private Limited last Annual general meeting of members was held on 30 Aug 2025 as per latest MCA records.
Ceased
Sidharth Zacharia Vijoo ceased to be Additional Director.
Ceased
Sachin Joseph ceased to be Director.
Appointed
Sidharth Zacharia Vijoo was appointed as Director.
Ceased
Joseph Zachariah ceased to be Managing Director.
Filing
Elastrex Polymers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited of Rs. 4,000.00 Lakh registered on 13 Feb 2025 with Charge ID 101052049 was modified on 27 Feb 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 4,000.00 Lakh with Charge ID 101052049 was registered on 13 Feb 2025.
Charges
A charge registered on 30 Nov 2016 via Charge ID 100104513 with Axis Bank Limited was fully satisfied on 31 Mar 2022.
Ceased
Nimmy Joseph ceased to be Additional Director.
Ceased
Sajan Koduvirachira Thomas ceased to be Director.
Ceased
Thomas Koduvirachira Thomas ceased to be Director.
32 earlier events are in the company report.
News
Frequently asked questions
Elastrex Polymers is an active private limited company based in Bangalore, Karnataka, India. The company works in footwear retail and distribution, within the consumer goods industry. It was incorporated on 21 November 1988 (38+ years old) and is registered under CIN U00311KA1988PTC009613.
Elastrex Polymers has 10 current directors:
- Vijoo Zachariah - Director
- Nakhul Uthup Joseph - Director
- Thomas Mani - Director
- Mithun Abraham Joseph - Director
- Nimmy Joseph - Director
- Reji Koduvirachirayil Joseph - Director
- Joseph Zachariah - Director
- Rebecca Mathew - Director
- Mani Koduvirachira Thomas - Director
- Sidharth Zacharia Vijoo - Director
The latest financial statements of Elastrex Polymers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Elastrex Polymers is 29AAACE4004D1Z8, registered in Karnataka. The company has 19 GST registrations in all, of which 6 are active and 13 are cancelled or inactive. Other active GSTINs include 27AAACE4004D1ZC (Maharashtra), 32AAACE4004D1ZL (Kerala), 33AAACE4004D1ZJ (Tamil Nadu).
The CIN (Corporate Identification Number) of Elastrex Polymers is U00311KA1988PTC009613. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elastrex Polymers has 33 court cases on record: 29 filed by the company and 4 filed against it. 4 are pending. Most are in the high courts.
Elastrex Polymers was incorporated on 21 November 1988, making it 38+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Elastrex Polymers by revenue are Macro Polymers Pvt Ltd, BLS Polymers Limited, Bai-Kakaji Polymers Limited, all in the Consumer Products industry (Footwear Manufacturers, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Sidharth Zacharia Vijoo ceased to be Additional Director on 29 Aug 2025. Sachin Joseph ceased to be Director on 28 May 2025. Sidharth Zacharia Vijoo was appointed as Director on 28 May 2025. Elastrex Polymers has 21 board changes on record in total.
Yes, Elastrex Polymers is registered as an MSME under Udyam registration (number: UDYAM-KR-02-0014776).
Elastrex Polymers has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 4 overdue payments to 2 micro and small suppliers. The latest return was filed on 31 Oct 2019.
Elastrex Polymers can be reached through the website paragonfootwear.com. Its registered office is in Bangalore, Karnataka, India.