MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-05-0000910
HR Polycoats Private Limited - manufacturing in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹246.82 Cr
▲ 24% YoY
Net profit · FY 2025
₹5.49 Cr
Net margin 2.2%
EBITDA · FY 2025
₹15.93 Cr
EBITDA margin 6.5%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹5.54 Cr
Issued & subscribed
Open charges
₹123.2 Cr
Satisfied ₹7.96 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
125
Provident fund records
About HR Polycoats Private Limited
Data last updated:
HR Polycoats Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the leather goods segment of the manufacturing sector. It was incorporated on 27 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U17110DL2009PTC190654. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹5.54 Cr. It was formerly known as Hr Polycoates Private Limited. It is led by directors Raj Kumar Dhawan and Harish Dhawan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 4257/2 Jai Mata Market Tri Nagar, New Delhi, Delhi, India – 110035.
As per the financials filed for FY 2025, the company reported a revenue of ₹246.82 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹5.49 Cr (net margin 2.2%) and EBITDA of ₹15.93 Cr (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 7% over five years.
The company has about 125 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HR Polycoats. As per MCA filings, the company has open charges of ₹123.2 Cr and satisfied charges of ₹7.96 Cr on record. Court records list 44 cases involving the company, including 26 filed by the company and 18 filed against it; 3 cases are pending. The company has 8 deals on record (6 funding rounds, 2 secondary share transfers), with disclosed funding of ₹15.25 Cr; the latest was in September 2019. Its 8 peer companies in the Manufacturing industry (Leather), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 4 smaller; the largest is Mayur Uniquoters Limited with revenue of ₹920.86 Cr. The company has 16 MSME Form 1 returns on record between 2018 and 2024, listing 1,236 overdue payments to 54 micro and small suppliers.
HR Polycoats Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-05-0000910). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hrcheetal.com.
Company Details of HR Polycoats Private Limited
CIN U17110DL2009PTC190654
Registration Number 190654
Incorporation Date 27 May 2009
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-05-0000910
Key People
Raj Kumar Dhawan Director Harish Dhawan Director Recognitions & Rankings of HR Polycoats
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address4257/2 Jai Mata Market Tri Nagar, New Delhi, Delhi, India – 110035
- IndustryManufacturing, Leather Goods
Comprehensive company report
HR Polycoats 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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Associated Brands
HR Polycoats operates one associated brand: HR Polycoats. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of artificial leather for car manufacturers | hrcheetal.com |
Business Activity
The main business activity of HR Polycoats is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of HR Polycoats Private Limited
FY 2024 filings availableHR Polycoats Private Limited reported revenue of ₹246.82 Cr (up 24% YoY) for FY 2025.
Revenue · FY 2025
₹246.82 Cr ▲ 24%
Net profit · FY 2025
₹5.49 Cr margin 2.2%
EBITDA · FY 2025
₹15.93 Cr margin 6.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 12%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 8%
5 years · compounded
▲ 2%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 24% growth in the latest year. EBITDA rose 10% 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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 | ₹15.93 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹5.49 Cr | |
| 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
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 6.5% | |
| Net Profit Margin | 2.2% | |
| 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, and every line for FY 2020-21 to FY 2023-24, 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 HR Polycoats are in the company report.
: available in the company report
Board of Directors of HR Polycoats Private Limited
HR Polycoats has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Kumar Dhawan Also directs: Mozart HR Fabriks Private Limited, HR Furnishing Private Limited | Director | 27 May 2009 | 17 Years 4 Months | Current |
| Harish Dhawan | Director | 27 May 2009 | 17 Years 4 Months | Current |
Peer Comparison
HR Polycoats Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Leather), with the same principal business activity (textile, leather and other apparel products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mayur Uniquoters Limited Listed | ₹920.86 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Jaipur, Rajasthan, India |
| A V Thomas Leather & Allied Products Private Limited | ₹544.87 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Chennai, Tamil Nadu, India |
| Prara Leathers Private Limited | ₹322.74 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Chennai, Tamil Nadu, India |
| Giriraj Coated Fab Private Limited | ₹249.88 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| HR Polycoats Private Limited this company | ₹246.82 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | New Delhi, Delhi, India |
| Om Vinyls Private Limited | ₹187.58 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Masjid Bunder, Maharashtra, India |
| Klassik Lamitex Private Limited | ₹165.56 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Kolkata, West Bengal, India |
| Model Exims (India) Private Limited | ₹152.18 Cr (FY 2024) | •••• | •••• | 41.0% | •••• | Kanpur, Uttar Pradesh, India |
| Abdullah Tannery Private Limited | ₹127.8 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Kanpur, Uttar Pradesh, India |
Peers are the companies nearest to HR Polycoats by revenue, above and below it, in the Manufacturing industry (Leather), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
HR Polycoats Private Limited is audited by V A K P & COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V A K P & COMPANY | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Open charges
₹123.2 Cr
Satisfied charges
₹7.96 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Dec 2025 | Hdfc Bank Limited | ₹26.77 Lakh | Open |
| 29 Oct 2025 | Hdfc Bank Limited | ₹11.94 Lakh | Open |
| 28 Jul 2025 | Hdfc Bank Limited | ₹32.3 Lakh | Open |
| 21 Jul 2025 | Hdfc Bank Limited | ₹10 Lakh | Open |
| 09 May 2025 | State Bank of India | ₹42 Lakh | Open |
Total charge records: 18 View all charges
Deals & Funding
HR Polycoats Private Limited has 8 deals on record (6 funding rounds, 2 secondary share transfers), with disclosed funding of ₹15.25 Cr; the latest was in September 2019.
Total deals
8
Funding rounds
6
Secondary share transfers
2
Disclosed funding
₹15.25 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Modi Commercial Deals Limited, Hajima Rsorts Limited, SRK Pumps and Motors Private Limited |
| Mar 2017 | Funding round | ₹1.5 Cr | Investors: 2 individuals |
| Mar 2012 | Funding round | ₹3.28 Cr | Investors: Active Promotions and Events Private Limited , Aman Infocom Private Limited , 2 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Juneja Nagpal Constructions Pvt Ltd |
| Mar 2010 | Funding round | ₹1.5 Cr | Investors: Apoorva Leasing Finance & Investment Co Limited, KV Infracon Private Limited , Junoon Capital Services Private Limited |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
HR Polycoats Private Limited has 44 court cases on record: 26 filed by HR Polycoats, 18 filed against it. 3 cases are pending and 41 are disposed.
Total cases
44
Filed by the company
26
Filed against the company
18
Pending
3
Disposed
41
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 14 | 3 |
| NCLAT | 3 | 3 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Court case (CS (COMM.)) | Filed by the company against Jaipur Polymers Pvt. Ltd. | Pending |
| District court, North West, Delhi | Court case (CS (COMM.)) | Filed by the company against Easy Mats Private Limited | Pending |
| District court, North West, Delhi | Interim or miscellaneous application | Filed by the company against FP Seating Systems Private Limited | Disposed |
| District court, Rohtak, Haryana | Commercial suit | Filed against the company by HDFC Bank Ltd. | Disposed |
| District court, North West, Delhi | Court case (CS (COMM.)) | Filed by the company against FP Seating Systems Private Ltd | Disposed |
: available in 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
HR Polycoats Private Limited has 16 MSME Form 1 returns on record between 2018 and 2024, listing 1,236 overdue payments to 54 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 54)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Sulaxana Minerals | •••• | •••• | •••• |
| Durga Plastic | •••• | •••• | •••• |
| Saksham Adhesives Private Limited | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
HR Polycoats Private Limited has a workforce of 125 employees as of Mar 23, 2024.
Employee count
125
Active EPFO establishments
1
Employee growth
31.58%
: available in the company report
Recent Activity
HR Polycoats Private Limited has 3 board changes on record since 2009: 2 appointments and 1 cessation. The latest: Ankit Malhotra ceased to be Director on 15 Dec 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.27 Cr with Charge ID 101199401 was registered on 09 Dec 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.12 Cr with Charge ID 101178491 was registered on 29 Oct 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.32 Cr with Charge ID 101139138 was registered on 28 Jul 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 101141646 was registered on 21 Jul 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 61.00 Cr registered on 23 Dec 2021 with Charge ID 100527225 was modified on 19 Jun 2025.
Charges
A charge with State Bank Of India amounted to Rs. 0.42 Cr with Charge ID 101098351 was registered on 09 May 2025.
Charges
A charge with State Bank Of India of Rs. 58.37 Cr registered on 05 Jul 2010 with Charge ID 10235641 was modified on 09 May 2025.
Charges
A charge with State Bank Of India amounted to Rs. 0.13 Cr with Charge ID 101098751 was registered on 30 Apr 2025.
Charges
A charge registered on 11 Mar 2020 via Charge ID 100353268 with Axis Bank Limited was fully satisfied on 16 Apr 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 101019511 was registered on 12 Dec 2024.
AGM
Hr Polycoats Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.14 Cr with Charge ID 100955942 was registered on 18 Jul 2024.
18 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
HR Polycoats has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
HR Polycoats is an active private limited company based in New Delhi, Delhi, India. The company works in leather goods, within the manufacturing industry. It was incorporated on 27 May 2009 (17+ years old) and is registered under CIN U17110DL2009PTC190654.
HR Polycoats has 2 current directors:
- Raj Kumar Dhawan - Director
- Harish Dhawan - Director
The latest financial statements of HR Polycoats on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. HR Polycoats has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of HR Polycoats is U17110DL2009PTC190654. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HR Polycoats has 44 court cases on record: 26 filed by the company and 18 filed against it. 3 are pending. Most are in the district courts.
HR Polycoats was incorporated on 27 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Delhi.
HR Polycoats has 8 deals on record (6 funding rounds, 2 secondary share transfers), with disclosed funding of ₹15.25 Cr; the latest was in September 2019.
The peers of HR Polycoats by revenue are Mayur Uniquoters Limited, A V Thomas Leather & Allied Products Private Limited, Prara Leathers Private Limited, Giriraj Coated Fab Private Limited, Om Vinyls Private Limited and 3 more, all in the Manufacturing industry (Leather), with the same principal business activity (textile, leather and other apparel products).
Ankit Malhotra ceased to be Director on 15 Dec 2017. Harish Dhawan was appointed as Director on 27 May 2009. Raj Kumar Dhawan was appointed as Director on 27 May 2009.
Yes, HR Polycoats is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-05-0000910).
HR Polycoats has 16 MSME Form 1 returns on record between 2018 and 2024, listing 1,236 overdue payments to 54 micro and small suppliers. The latest return was filed on 10 May 2024.