Formax Polymers Private Limited
About Formax Polymers Private Limited
Data last updated:
Formax Polymers Private Limited is a private limited company based in Siliguri, West Bengal, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 06 January 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51109WB1999PTC088577.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹72 Lakh. It is led by directors Rajesh Kumar Agarwal and Sanju Agarwal.
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 Siliguri, West Bengal.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.27 Lakh, a growth of 129% compared to the previous year. For the same year it recorded a net profit of ₹14.25 Lakh (net margin 78%) and EBITDA of ₹16.61 Lakh (EBITDA margin 90.9%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 20% over five years.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Formax Polymers has one previous CIN (Corporate Identification Number): U88577WB1999PTC088577. The current CIN is U51109WB1999PTC088577, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109WB1999PTC088577 | Current |
| U88577WB1999PTC088577 | Previous |
Contact details
Formax Polymers Private Limited's registered office is in Siliguri, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address3rd Floor, Dwarika R N Agarwala Signature Complex, Siliguri, West Bengal, India – 734005
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Formax Polymers 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
Business activity
The main business activity of Formax Polymers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Formax Polymers Private Limited, buy the company report.
Financials of Formax Polymers Private Limited
FY 2025 filings availableFormax Polymers Private Limited reported revenue of ₹18.27 Lakh (up 129% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 129% growth in the latest year. EBITDA rose 116% 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 | ₹16.61 Lakh | ||||
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| Net Profit (PAT) | ₹14.25 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 90.9% | ||||
| Net Profit Margin | 78% | ||||
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To see the full financial statements and ratios of Formax Polymers Private Limited, buy the company report.
Board of directors of Formax Polymers Private Limited
Formax Polymers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Kumar Agarwal | Director | 06 Jan 1999 | 27 Years 9 Months | Current |
| Sanju Agarwal | Director | 20 Feb 2024 | 2 Years 8 Months | Current |
Auditor
Formax Polymers Private Limited is audited by GARGCHOUDHARY&ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GARGCHOUDHARY&ASSOCIATES | FY 2017 | 327601E |
Shareholding
The shareholding of Formax Polymers Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Formax Polymers Private Limited, buy the company report.
Legal cases
Formax Polymers Private Limited has 2 court cases on record: 1 filed by Formax Polymers, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Darjeeling, West Bengal | Court case (C R Case) | Filed against the company by an individual | Disposed |
| District court, Darjeeling, West Bengal | Court case (C R Case) | Filed by the company against Shitla Enterprises and Other | Disposed |
To see the full case history of Formax 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
No delayed payments to MSME suppliers are on our record for Formax Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Formax Polymers has 1 associated company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Formax Polymers Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Formax Polymers Private Limited has 4 board changes on record since 1999: 2 appointments and 2 cessations. The latest: Ramotar Agarwal ceased to be Director on 24 Feb 2024.
Frequently asked questions
Formax Polymers is an active private limited company based in Siliguri, West Bengal, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 06 January 1999 (27+ years old) and is registered under CIN U51109WB1999PTC088577.
Formax Polymers has 2 current directors:
- Rajesh Kumar Agarwal - Director
- Sanju Agarwal - Director
The latest financial statements of Formax 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 CIN (Corporate Identification Number) of Formax Polymers is U51109WB1999PTC088577. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formax Polymers has 2 court cases on record: 1 filed by the company and 1 filed against it.
Formax Polymers was incorporated on 06 January 1999, making it 27+ years old. It is registered with the Registrar of Companies, Kolkata.
Ramotar Agarwal ceased to be Director on 24 Feb 2024. Sanju Agarwal was appointed as Director on 20 Feb 2024. Gajanand Sharma ceased to be Director on 06 Jan 2015. Formax Polymers has 4 board changes on record in total.
The registered office of Formax Polymers is at 3rd Floor, Dwarika R N Agarwala Signature Complex, Siliguri, West Bengal, India – 734005.
Formax Polymers operates in the manufacturing industry, in the plastic-based products segment.
The compliance status of Formax Polymers is compliant as of 17 August 2026. The company is actively filing with the Registrar of Companies.