About Gagan Polycot India Limited
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Gagan Polycot India Limited is a public limited company based in Palghar, Maharashtra, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 10 June 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L33111MH1988PLC231956. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from BSE on 26 Aug 2024 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Chandrakant Bhailal Chitalia (Managing Director) and Hasumati Chandrakant Chitalia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Bldg No.2 Ground Floor Shop No.2 Sundar Nagar Valiv Vasai East, Palghar, Maharashtra, India – 401208.
As per the financials filed for FY 2021, the company reported a revenue of ₹3.44 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net loss of ₹32.84 Lakh (net margin -9.5%) and EBITDA of -₹4.62 Lakh (EBITDA margin -1.3%). Revenue has declined at a compounded annual rate (CAGR) of 74% over three years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Gagan Polycot. As per MCA filings, the company has satisfied charges of ₹9.13 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 43 deals on record (43 market trades); the latest was in August 2023. Its 3 peer companies in the Consumer Products industry (Medical and Laboratory Equipment, Textile Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 1 smaller; the largest is Adishakti Promoters Private Limited with revenue of ₹3.45 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gaganpolycot.com.
Company details
CIN history
Gagan Polycot India has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L33111MH1988PLC231956, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L33111MH1988PLC231956 | Current |
| L24134MH1988PLC231956 | Previous |
| L24134PN1988PLC047673 | Previous |
| L24134MH1988PTC047673 | Previous |
| U24134MH1988PTC047673 | Previous |
Contact details
Gagan Polycot India Limited's registered office is in Palghar, Maharashtra. Its website is gaganpolycot.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBldg No.2 Ground Floor Shop No.2 Sundar Nagar Valiv Vasai East, Palghar, Maharashtra, India – 401208
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Gagan Polycot India 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
Gagan Polycot India operates one associated brand: Gagan Polycot. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Disposable Surgical Products, Rehabilitation Aids and Splints, Heating Pads Manufacturer | gaganpolycot.com |
Business activity
The main business activity of Gagan Polycot India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Gagan Polycot India Limited, buy the company report.
Financials of Gagan Polycot India Limited
FY 2021 filings availableGagan Polycot India Limited reported revenue of ₹3.44 Cr (up 43% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 43% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 74%. EBITDA rose 98% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.44 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.62 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹32.84 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.3% | ||||
| Net Profit Margin | -9.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Gagan Polycot India Limited, buy the company report.
Board of directors of Gagan Polycot India Limited
Gagan Polycot India has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayshri Shankar Tedginkeri | Director | 06 Jul 2019 | 7 Years 3 Months | Current |
| Hasumati Chandrakant Chitalia Also directs: Tien Trading Private Limited, Zeltzin Trading Private Limited, Obike Trading Private Limited and 1 more | Whole-Time Director | 18 May 2022 | 4 Years 5 Months | Current |
| Chandrakant Bhailal Chitalia Also directs: Tien Trading Private Limited, Zeltzin Trading Private Limited, Obike Trading Private Limited and 5 more | Managing Director | 18 May 2022 | 4 Years 5 Months | Current |
Peer comparison
Gagan Polycot India Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Medical and Laboratory Equipment, Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adishakti Promoters Private Limited | ₹3.45 Cr (FY 2025) | -12.0% | Kolkata, West Bengal, India | |||
| Looms Guild Private Limited | ₹3.44 Cr (FY 2024) | -27.0% | New Delhi, Delhi, India | |||
| Gagan Polycot India Limitedthis company | ₹3.44 Cr (FY 2021) | -₹32.84 Lakh | -9.5% | 43.0% | 18 | Palghar, Maharashtra, India |
| Aum Impex Private Limited | ₹3.44 Cr (FY 2025) | -60.0% | New Delhi, Delhi, India |
To see the full peer comparison of Gagan Polycot India Limited, buy the company report.
Auditor
Gagan Polycot India Limited is audited by P M P K & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P M P K & CO | FY 2021 | 019681N |
Shareholding
The shareholding of Gagan Polycot India Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Gagan Polycot India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 May 2020 | 100336516 | Others | ₹13 Lakh | Satisfied | |
| 31 Jan 2019 | 100248059 | Others | ₹94.5 Lakh | Satisfied | |
| 21 Mar 2014 | 10539643 | Others | ₹1.3 Cr | Satisfied | |
| 20 Sep 2013 | 10451999 | Oriental Bank of Commerce | ₹2.25 Cr | Satisfied | |
| 28 Sep 2011 | 10313782 | Oriental Bank of Commerce | ₹2.25 Cr | Satisfied |
To see the full charge records of Gagan Polycot India Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Gagan Polycot India Limited has 43 deals on record (43 market trades); the latest was in August 2023.
Deals on record (5 of 43)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Market trade | ₹60,000 | Seller: Cantabil Retail India Limited |
| Oct 2021 | Market trade | ₹2.5 Lakh | Buyer: an individual Seller: Basant Marketing Limited |
| Dec 2014 | Market trade | ₹7.6 Lakh | Buyer: an individual Seller: Arch Capital Advisors LLP |
| Nov 2014 | Market trade | ₹14 Lakh | Buyer: Ramesh Chand Maheshwari (Huf), an individual Seller: Chitalia Stock Trading Private Limited |
| Nov 2014 | Market trade | ₹11.6 Lakh | Buyer: an individual Seller: Chitalia Stock Trading Private Limited |
To see the full deal history of Gagan Polycot India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gagan Polycot India Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Mohit Adatiya Liquidator of Ashapura Garments Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Assistant Registrar of Companies | Pending |
To see the full case history of Gagan Polycot India 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 Gagan Polycot India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gagan Polycot India Limited has a workforce of 18 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Gagan Polycot India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Gagan Polycot India Limited, buy the company report.
Recent activity
Gagan Polycot India Limited has 37 board changes on record since 1988: 20 appointments and 17 cessations. The latest: Chandrakant Bhailal Chitalia was appointed as Managing Director on 18 May 2022.
43 earlier events are in the company report.
Frequently asked questions
Gagan Polycot India is an active public limited company based in Palghar, Maharashtra, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 10 June 1988 (38+ years old) and is registered under CIN L33111MH1988PLC231956.
Gagan Polycot India has 3 current directors:
- Chandrakant Bhailal Chitalia - Managing Director
- Hasumati Chandrakant Chitalia - Whole-Time Director
- Jayshri Shankar Tedginkeri - Director
The latest financial statements of Gagan Polycot India on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from 2015 are in the company report.
No. Gagan Polycot India has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Gagan Polycot India is L33111MH1988PLC231956. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gagan Polycot India is recorded as a listed company by MCA, but its shares were delisted from BSE on 26 Aug 2024 · compulsory delisting, and no longer trade on a stock exchange.
Gagan Polycot India has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the district courts.
Gagan Polycot India was incorporated on 10 June 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Gagan Polycot India has 43 deals on record (43 market trades); the latest was in August 2023.
The peers of Gagan Polycot India by revenue are Adishakti Promoters Private Limited, Looms Guild Private Limited, Aum Impex Private Limited, all in the Consumer Products industry (Medical and Laboratory Equipment, Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Chandrakant Bhailal Chitalia was appointed as Managing Director on 18 May 2022. Hasumati Chandrakant Chitalia was appointed as Whole-Time Director on 18 May 2022. Ketu Krishnavadan Parikh ceased to be Managing Director on 18 May 2022. Gagan Polycot India has 37 board changes on record in total.