About Horizon Polymer Engineering Private Limited
Data last updated:
Horizon Polymer Engineering Private Limited is a private limited company based in Mehsana, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 26 June 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29259GJ1981PTC004456. Its GSTIN is 24AAACH1385C1Z3 (Gujarat). The company holds 8 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.92 Cr. It was formerly known as Resistoline (India) Private Limited and Horizon Polymer Engineering Limited. It is led by directors including Gautam Hasmukh Sheth and Nigel Andrade.
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 C – 1 B 1605 G I D Cchhatral, Mehsana, Gujarat, India – 382729.
As per the financials filed for FY 2025, the company reported a revenue of ₹68.99 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net profit of ₹37.5 Lakh (net margin 0.5%) and EBITDA of ₹3.62 Cr (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 6% over five years.
The company has about 77 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Horizon Polymer Engineering. As per MCA filings, the company has open charges of ₹28.69 Cr and satisfied charges of ₹19.33 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website horizonpolymer.com.
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- Registered AddressC – 1 B 1605 G I D Cchhatral, Mehsana, Gujarat, India – 382729
- IndustryManufacturing, Plastic-Based Products
- 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
Name History of Horizon Polymer Engineering Private Limited
Horizon Polymer Engineering has undergone 2 name changes throughout its history. The company was previously known as Resistoline (India) Private Limited, and Horizon Polymer Engineering Limited. The current legal name is Horizon Polymer Engineering Private Limited.
| Company Name | Status |
|---|---|
| Horizon Polymer Engineering Private Limited | Current |
| Resistoline (India) Private Limited | Previous |
| Horizon Polymer Engineering Limited | Previous |
Associated Brands with Horizon Polymer Engineering Private Limited
Horizon Polymer Engineering operates one associated brand: Horizon Polymer Engineering. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fluoropolymer processing and engineering solutions for chemical and industrial sectors. | horizonpolymer.com |
Business Activity of Horizon Polymer Engineering Private Limited
The main business activity of Horizon Polymer Engineering is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | 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.
Auditor Details of Horizon Polymer Engineering Private Limited
Horizon Polymer Engineering Private Limited is audited by S.P.JAIN & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.P.JAIN & ASSOCIATES | 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 Horizon Polymer Engineering Private Limited
Horizon Polymer Engineering has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautam Hasmukh Sheth | Director | 11 May 2005 | 21 Years 4 Months | Current |
| Nigel Andrade Also directs: Afg Combustion Private Limited, Koerting Engineering Private Limited, H S Equipment Pvt Ltd and 2 more | Director | 06 Feb 2014 | 12 Years 7 Months | Current |
| Mitesh Mahendra Sanghavi Also directs: G Sheth Realtors LLP, Afg Combustion Private Limited, H S Equipment Pvt Ltd and 5 more | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
Financials of Horizon Polymer Engineering Private Limited FY 2025 filings available
Horizon Polymer Engineering Private Limited reported revenue of ₹68.99 Cr (down 43% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Horizon Polymer Engineering Private Limited
Revenue fell 43% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 52% 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 Horizon Polymer Engineering Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.62 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹37.5 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Horizon Polymer Engineering Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| 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 Horizon Polymer Engineering 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.
Ownership and Shareholding of Horizon Polymer Engineering 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 Horizon Polymer Engineering Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Mar 2023 | Others | ₹19.48 Lakh | Open |
| 23 Aug 2021 | Others | ₹28.5 Cr | Open |
| 23 Aug 2021 | Others | ₹66 Lakh | Satisfied |
| 31 Aug 2020 | Sidbi | ₹46.61 Lakh | Satisfied |
| 15 Feb 2019 | Canara Bank | ₹9.16 Cr | Satisfied |
Total charge records: 11 View all charges
Employees and EPFO Compliance at Horizon Polymer Engineering Private Limited
Horizon Polymer Engineering Private Limited has a workforce of 77 employees as of Mar 26, 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.
GST Compliance of Horizon Polymer Engineering Private Limited
Horizon Polymer Engineering has 8 GST registrations: 3 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH1385C1Z3 | Gujarat | Active | 01 Jul 2017 |
| 36AAACH1385C1ZY | Telangana | Active | 01 Jul 2017 |
| 27AAACH1385C2ZW | Maharashtra | Active | 12 Sep 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.
Credit Ratings, Litigation & Regulatory Alerts for Horizon Polymer Engineering 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 Horizon Polymer Engineering 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 Horizon Polymer Engineering 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.
MCA Filings & Documents of Horizon Polymer Engineering 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.
Recent Activity on Horizon Polymer Engineering Private Limited
Frequently Asked Questions about Horizon Polymer Engineering Private Limited
Horizon Polymer Engineering is an active private limited company based in Mehsana, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 26 June 1981 (45+ years old) and is registered under CIN U29259GJ1981PTC004456.
Horizon Polymer Engineering reported revenue of ₹68.99 Cr for FY 2025 (down 43% YoY).
Horizon Polymer Engineering has 3 current directors:
- Gautam Hasmukh Sheth - Director
- Nigel Andrade - Director
- Mitesh Mahendra Sanghavi - Director
Horizon Polymer Engineering reported a net profit of ₹37.5 Lakh (net margin 0.5%) and EBITDA of ₹3.62 Cr (EBITDA margin 5.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Horizon Polymer Engineering is -5% over three years and 6% over five years. In the latest year (FY 2025) revenue fell 43%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Horizon Polymer Engineering is 24AAACH1385C1Z3, registered in Gujarat. The company has 8 GST registrations in all, of which 3 are active and 5 are cancelled or inactive. Other active GSTINs include 36AAACH1385C1ZY (Telangana), 27AAACH1385C2ZW (Maharashtra).
The CIN (Corporate Identification Number) of Horizon Polymer Engineering is U29259GJ1981PTC004456. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Horizon Polymer Engineering was incorporated on 26 June 1981, making it 45+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Horizon Polymer Engineering can be reached through the website horizonpolymer.com. Its registered office is in Mehsana, Gujarat, India.