About Expanded Polymer Systems Private Limited
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Expanded Polymer Systems Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 02 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24134MH2007PTC175657. Its GSTIN is 06AABCE8627R1Z1 (Haryana). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹15 Cr. It is led by directors including Mukesh Shantilal Bhuta (Managing Director) and Medha Mukesh Bhuta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 02 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C – 44/1&2 C – 45/3 Ttc Area Pawne M.I.D.C Vashi, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2025, the company reported a revenue of ₹722.55 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹6.01 Cr (net margin 0.8%) and EBITDA of ₹29.56 Cr (EBITDA margin 4.1%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 18% over five years.
The company is associated with 1 brand: Expanded Polymer Systems. As per MCA filings, the company has open charges of ₹282.48 Cr and satisfied charges of ₹41.22 Cr on record. Court records list 31 cases involving the company, including 26 filed by the company and 5 filed against it; 8 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2018. The company has 12 MSME Form 1 returns on record between 2019 and 2023, listing 615 overdue payments to 38 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website expanded.co.in.
Company details
Contact details
Expanded Polymer Systems Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is expanded.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 44/1&2 C – 45/3 Ttc Area Pawne M.I.D.C Vashi, Navi Mumbai, Maharashtra, India – 400705
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Expanded Polymer Systems Private Limited, 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
Brands
Expanded Polymer Systems operates one associated brand: Expanded Polymer Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of polyurethane raw materials and systems for various applications. | expanded.co.in |
Business activity
The main business activity of Expanded Polymer Systems 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 Expanded Polymer Systems Private Limited, buy the company report.
Financials of Expanded Polymer Systems Private Limited
FY 2025 filings availableExpanded Polymer Systems Private Limited reported revenue of ₹722.55 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 7% growth in the latest year. EBITDA fell 11% 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 | ₹29.56 Cr | ||||
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| Net Profit (PAT) | ₹6.01 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 4.1% | ||||
| Net Profit Margin | 0.8% | ||||
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To see the full financial statements and ratios of Expanded Polymer Systems Private Limited, buy the company report.
Board of directors and KMP of Expanded Polymer Systems Private Limited
Expanded Polymer Systems Private Limited currently reports 6 directors and 1 key managerial person. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Shantilal Bhuta Also directs: Cannon Indikos Machineries LLP | Managing Director | 02 Nov 2007 | 18 Years 11 Months | Current |
| Chandulal Kalidas Shah | Director | 28 Nov 2007 | 18 Years 10 Months | Current |
| Medha Mukesh Bhuta | Whole-Time Director | 24 Mar 2015 | 11 Years 7 Months | Current |
| Rajen Mahesh Mehta | Whole-Time Director | 01 Oct 2014 | 12 Years 0 Months | Current |
| Mikhail Mukesh Bhuta Also directs: Dirtcube Interactive LLP, Floodlight Interactive Private Limited | Whole-Time Director | 24 Mar 2015 | 11 Years 7 Months | Current |
| Sandeep Sudhakar Deshpande | Whole-Time Director | 15 Jul 2024 | 2 Years 3 Months | Current |
Auditor
Expanded Polymer Systems Private Limited is audited by C. M. GABHAWALA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C. M. GABHAWALA & CO. | FY 2023 | 102870W |
Shareholding
The shareholding of Expanded Polymer Systems 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 Expanded Polymer Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Oct 2025 | 101185498 | Others | ₹40 Cr | Open | |
| 02 Feb 2024 | 100925214 | Bank of India | ₹13.32 Cr | Open | |
| 02 Nov 2023 | 100823535 | Hdfc Bank Limited | ₹12 Cr | Open | |
| 23 Nov 2021 | 100515824 | Others | ₹4.77 Cr | Open | |
| 16 Oct 2021 | 100497959 | Hdfc Bank Limited | ₹49.5 Lakh | Open |
To see the full charge records of Expanded Polymer Systems Private Limited, buy the company report.
Total charge records: 36 View all charges
Deals & funding
Expanded Polymer Systems Private Limited has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Mar 2017 | Rights issue | ₹3 Cr | Investors: 4 individuals |
| Mar 2012 | Funding round | ₹2 Cr | Investors: 4 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Expanded Polymer Systems Private Limited has 31 court cases on record: 26 filed by Expanded Polymer Systems, 5 filed against it. 8 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 3 | 3 |
| High courts | 10 | 2 | 5 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Monash Aircon Pvt Ltd and 2 others | Pending |
| District court, Bharuch, Gujarat | Court case (EXE S) | Filed by the company against Svarn Telecom Limited and 5 others | Disposed |
| District court, Medchal Malkajgiri, Telangana | Civil suit | Filed by the company against M/S. Konark Refrigeration Industries Private Limited, and 2 Others | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Manali Petrochemicals Ltd. and 3 others | Disposed |
| District court, Bharuch, Gujarat | Court case (SPCS) | Filed by the company against Svarn Telecom Limited and 5 others | Disposed |
To see the full case history of Expanded Polymer Systems 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.
Credit ratings & regulatory alerts
Expanded Polymer Systems Private Limited was last rated by Care on 07 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Sep 2022 |
To see the full credit ratings and regulatory alerts of Expanded Polymer Systems Private Limited, buy the company report.
MSME payment delays
Expanded Polymer Systems Private Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 615 overdue payments to 38 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 38)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Millstores Corporation | |||
| an individual supplier | |||
| Swen Agencies Private Limited | |||
| an individual supplier | |||
| Technostar Engineering Private Limited |
To see the full MSME payment records of Expanded Polymer Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Expanded Polymer Systems has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCE8627R1Z1 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Expanded Polymer Systems Private Limited, buy the company report.
Recent activity
Expanded Polymer Systems Private Limited has 18 board changes on record since 2007: 7 appointments and 11 cessations. The latest: Sandeep Sudhakar Deshpande was appointed as Whole-Time Director on 15 Jul 2024.
57 earlier events are in the company report.
Frequently asked questions
Expanded Polymer Systems is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 02 November 2007 (19+ years old) and is registered under CIN U24134MH2007PTC175657.
Expanded Polymer Systems has 7 current directors and KMP:
- Mukesh Shantilal Bhuta - Managing Director
- Medha Mukesh Bhuta - Whole-Time Director
- Rajen Mahesh Mehta - Whole-Time Director
- Mikhail Mukesh Bhuta - Whole-Time Director
- Sandeep Sudhakar Deshpande - Whole-Time Director
- Chandulal Kalidas Shah - Director
- Nejal Monish Gangar - Company Secretary
The latest financial statements of Expanded Polymer Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 02 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Expanded Polymer Systems is 06AABCE8627R1Z1, registered in Haryana. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Expanded Polymer Systems is U24134MH2007PTC175657. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Expanded Polymer Systems has 31 court cases on record: 26 filed by the company and 5 filed against it. 8 are pending. Most are in the district courts.
Expanded Polymer Systems was incorporated on 02 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Expanded Polymer Systems has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2018.
Sandeep Sudhakar Deshpande was appointed as Whole-Time Director on 15 Jul 2024. Sandeep Sudhakar Deshpande ceased to be Additional Director on 15 Jul 2024. Nejal Monish Gangar was appointed as Company Secretary on 20 Apr 2022. Expanded Polymer Systems has 18 board changes on record in total.
Expanded Polymer Systems has 12 MSME Form 1 returns on record between 2019 and 2023, listing 615 overdue payments to 38 micro and small suppliers. The latest return was filed on 03 Nov 2023.
Expanded Polymer Systems can be reached through the website expanded.co.in. Its registered office is in Navi Mumbai, Maharashtra, India.