About GLS Polymers Private Limited
Data last updated:
GLS Polymers Private Limited is a private limited company based in Bangalore., Karnataka, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 25 February 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U25209KA2005PTC035699. Its GSTIN is 29AACCG3173D1ZS (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Ganesh Mahadevappa (Managing Director) and Praveena Ganesh.
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 No. 415 11th Cross 4th Phasepeenya Industrial Area, Bangalore., Karnataka, India – 560058.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.87 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net profit of ₹1.91 Lakh (net margin 0.2%) and EBITDA of ₹20.01 Lakh (EBITDA margin 2.5%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 19% over five years.
The company has about 21 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: GLS Polymers. As per MCA filings, the company has open charges of ₹3 Cr and satisfied charges of ₹1.8 Cr on record. Court records list 3 cases involving the company, including 1 filed against it. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹37.3 Lakh; the latest was in November 2020. Its 10 peer companies in the Manufacturing industry (Plastics and Resins, Polymers) are compared by revenue, 5 larger and 5 smaller; the largest is Asadhya Polymers Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website glspolymers.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo. 415 11th Cross 4th Phasepeenya Industrial Area, Bangalore., Karnataka, India – 560058
- IndustryManufacturing, Plastic & Resins
- 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
- One PDF report, delivered after checkout
Business Activity of GLS Polymers Private Limited
The main business activity of GLS Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of GLS Polymers Private Limited FY 2025 filings available
GLS Polymers Private Limited reported revenue of ₹7.87 Cr (down 41% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of GLS Polymers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 41% fall in the latest year. EBITDA fell 59% 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 of GLS Polymers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹20.01 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.91 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of GLS Polymers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of GLS Polymers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of GLS Polymers Private Limited
GLS Polymers Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Plastics and Resins, Polymers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asadhya Polymers Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Technomix Polymers Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| VSJ Granurubr Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Espoir Plast India Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Nutranovel Additives Private Limited | •••• | •••• | •••• | •••• | - | Bhiwandi, Maharashtra, India |
| GLS Polymers Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore., Karnataka, India |
| Biogreenic Polymers Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Sulochna Retail Mart Private Limited | •••• | •••• | •••• | •••• | 21 | New Delhi, Delhi, India |
| S. V. Technocrats Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Prashanthi Polymers (India) Private Limited | •••• | •••• | •••• | •••• | 87 | Bangalore, Karnataka, India |
| Shakambari Polymers Private Limited | •••• | •••• | •••• | •••• | - | Nelamangala, Karnataka, India |
Peers are the five companies nearest above and the five nearest below GLS Polymers by revenue in the Manufacturing industry (Plastics and Resins, Polymers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of GLS Polymers Private Limited
GLS Polymers Private Limited is audited by ABS&Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ABS&Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of GLS Polymers Private Limited
GLS Polymers has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Mahadevappa | Managing Director | 02 Apr 2007 | 19 Years 6 Months | Current |
| Praveena Ganesh | Director | 15 Dec 2007 | 18 Years 9 Months | Current |
Ownership and Shareholding of GLS Polymers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of GLS Polymers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Aug 2024 | Canara Bank | ₹3 Cr | Open |
| 25 Aug 2005 | Canara Bank | ₹1.8 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of GLS Polymers Private Limited
GLS Polymers Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹37.3 Lakh; the latest was in November 2020.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Oct 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2009 | Funding round | ₹22 Lakh | Investors: 2 individuals |
| Feb 2009 | Funding round | ₹15.3 Lakh | Investors: 4 individuals |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of GLS Polymers Private Limited
GLS Polymers Private Limited has 3 court cases on record: 1 filed against it, 2 where it is another party. All cases are disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Company is another party | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Company is another party | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Gujrat Petrosyntheses Ltd | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with GLS Polymers Private Limited
GLS Polymers operates one associated brand: GLS Polymers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of polymer blends, compounds, and reactive polymers in India. | glspolymers.com |
Employees and EPFO Compliance at GLS Polymers Private Limited
GLS Polymers Private Limited has a workforce of 21 employees as of Mar 31, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on GLS Polymers Private Limited
GLS Polymers Private Limited has 7 board changes on record since 2007: 2 appointments and 5 cessations. The latest: Bijjaal Guruswamy Ayarahalli ceased to be Director on 11 Apr 2012.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for GLS Polymers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by GLS Polymers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of GLS Polymers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of GLS Polymers Private Limited
GLS Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCG3173D1ZS | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of GLS Polymers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about GLS Polymers Private Limited
GLS Polymers is an active private limited company based in Bangalore, Karnataka, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 25 February 2005 (21+ years old) and is registered under CIN U25209KA2005PTC035699.
GLS Polymers reported revenue of ₹7.87 Cr for FY 2024 (down 41% YoY).
GLS Polymers has 2 current directors:
- Ganesh Mahadevappa - Managing Director
- Praveena Ganesh - Director
GLS Polymers reported a net profit of ₹1.91 Lakh (net margin 0.2%) and EBITDA of ₹20.01 Lakh (EBITDA margin 2.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of GLS Polymers is -23% over three years and -19% over five years. In the latest year (FY 2024) revenue fell 41%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of GLS Polymers is 29AACCG3173D1ZS, registered in Karnataka.
The CIN (Corporate Identification Number) of GLS Polymers is U25209KA2005PTC035699. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GLS Polymers has 3 court cases on record: 1 filed against it. Most are in the district courts.
GLS Polymers was incorporated on 25 February 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
GLS Polymers has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹37.3 Lakh; the latest was in November 2020.
The peers of GLS Polymers by revenue are Asadhya Polymers Private Limited, Technomix Polymers Private Limited, VSJ Granurubr Private Limited, Espoir Plast India Private Limited, Nutranovel Additives Private Limited and 5 more, all in the Manufacturing industry (Plastics and Resins, Polymers).