MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-09-0001129
Horizon Polymer Engineering Private Limited - manufacturing in Mehsana, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹68.99 Cr
▼ 43% YoY
Net profit · FY 2025
₹37.5 Lakh
Net margin 0.5%
EBITDA · FY 2025
₹3.62 Cr
EBITDA margin 5.3%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.92 Cr
Issued & subscribed
Open charges
₹28.69 Cr
Satisfied ₹19.33 Cr
Company age
45 yrs
Est. 1981
Employees · EPFO
77
Provident fund records
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. Court records list 4 cases involving the company, including 4 filed by the company; 1 case is pending. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹96 Lakh; the latest was in March 2016. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 1,657 overdue payments to 79 micro and small suppliers.
Horizon Polymer Engineering Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0001129). 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.
Company details
CIN U29259GJ1981PTC004456
Registration Number 004456
Incorporation Date 26 June 1981
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-09-0001129
Name history
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 |
Recognitions & Rankings of Horizon Polymer Engineering
Contact details
Horizon Polymer Engineering Private Limited's registered office is in Mehsana, Gujarat. Its website is horizonpolymer.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 1 B 1605 G I D Cchhatral, Mehsana, Gujarat, India – 382729
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Horizon Polymer Engineering Private Limited, buy the company report.
Comprehensive company report
Horizon Polymer Engineering 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
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
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Horizon Polymer Engineering Private Limited, buy the company report.
Financials of Horizon Polymer Engineering Private Limited
FY 2025 filings availableHorizon Polymer Engineering Private Limited reported revenue of ₹68.99 Cr (down 43% YoY) for FY 2025.
Revenue · FY 2025
₹68.99 Cr ▼ 43%
Net profit · FY 2025
₹37.5 Lakh margin 0.5%
EBITDA · FY 2025
₹3.62 Cr margin 5.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 43%
3 years · compounded
▼ 5%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 52%
3 years · compounded
▼ 20%
5 years · compounded
▼ 6%
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹3.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹37.5 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
| 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 | |||||
To see the full financial statements and ratios of Horizon Polymer Engineering Private Limited, buy the company report.
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.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautam Hasmukh Sheth | Director | 11 May 2005 | 21 Years 5 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 8 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 |
Auditor
Horizon Polymer Engineering Private Limited is audited by S.P.JAIN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.P.JAIN & ASSOCIATES | FY 2023 | 103969W |
Shareholding
The shareholding of Horizon Polymer Engineering Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Horizon Polymer Engineering Private Limited, buy the company report.
Charges & borrowings
Open charges
₹28.69 Cr
Satisfied charges
₹19.33 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Mar 2023 | 100693404 | Others | ₹19.48 Lakh | Open | |
| 23 Aug 2021 | 100507421 | Others | ₹28.5 Cr | Open | |
| 23 Aug 2021 | 100507399 | Others | ₹66 Lakh | Satisfied | |
| 31 Aug 2020 | 100392036 | Sidbi | ₹46.61 Lakh | Satisfied | |
| 15 Feb 2019 | 100267256 | Canara Bank | ₹9.16 Cr | Satisfied |
To see the full charge records of Horizon Polymer Engineering Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Horizon Polymer Engineering Private Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹96 Lakh; the latest was in March 2016.
Total deals
6
Secondary share transfers
5
Funding round
1
Disclosed funding
₹96 Lakh
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Gautam H Sheth's Family Trust, Gautam H Sheth Huf, 2 individuals Seller: 4 individuals |
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2012 | Funding round | ₹96 Lakh | Investors: 4 individuals |
To see the full deal history of Horizon Polymer Engineering Private 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
Horizon Polymer Engineering Private Limited has 4 court cases on record: 4 filed by Horizon Polymer Engineering. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
4
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| High courts | 2 | 0 | 1 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (COMP) | Filed by the company against Sabero Organics Gujarat Ltd. | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against The Assistant Commissioner (St) and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Horizon Polymer Engineering 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.
Credit ratings & regulatory alerts
Horizon Polymer Engineering Private Limited was last rated by Crisil on 19 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Aug 2020 |
To see the full credit ratings and regulatory alerts of Horizon Polymer Engineering Private Limited, buy the company report.
MSME payment delays
Horizon Polymer Engineering Private Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 1,657 overdue payments to 79 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 79)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Drishti Flanges & Metal | |||
| an individual supplier | |||
| an individual supplier | |||
| Amar Jyot Metal Cast | |||
| Niki Enterprise |
To see the full MSME payment records of Horizon Polymer Engineering Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Horizon Polymer Engineering Private Limited has a workforce of 77 employees on its EPFO records as of Mar 26, 2024, across 1 active EPFO establishment.
Employee count
77
Active EPFO establishments
1
GST
Horizon Polymer Engineering has 8 GST registrations: 3 active and 5 cancelled or inactive.
Total GSTINs
8
Active
3
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH1385C1Z3 | Gujarat | Active | 01 Jul 2017 |
| 36AAACH1385C1ZY | Telangana | Active | 01 Jul 2017 |
| 27AAACH1385C2ZW | Maharashtra | Active | 12 Sep 2017 |
To see the full GST registrations and return filing status of Horizon Polymer Engineering Private Limited, buy the company report.
Recent activity
Horizon Polymer Engineering Private Limited has 9 board changes on record since 2005: 3 appointments and 6 cessations. The latest: Hasmukh Chinubhai Sheth ceased to be Director on 24 May 2023.
AGM
Horizon Polymer Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 31 Aug 2018 via Charge ID 100204013 with Canara Bank was fully satisfied on 23 Apr 2025.
Charges
A charge registered on 31 Aug 2018 via Charge ID 100204018 with Canara Bank was fully satisfied on 23 Apr 2025.
Charges
A charge registered on 31 Aug 2018 via Charge ID 100204023 with Canara Bank was fully satisfied on 23 Apr 2025.
Charges
A charge registered on 31 Aug 2018 via Charge ID 100204051 with Canara Bank was fully satisfied on 23 Apr 2025.
Charges
A charge with Others of Rs. 28.50 Cr registered on 23 Aug 2021 with Charge ID 100507421 was modified on 08 Apr 2025.
Filing
Horizon Polymer Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 23 Aug 2021 via Charge ID 100507399 with Others was fully satisfied on 14 Mar 2024.
Charges
A charge registered on 31 Aug 2020 via Charge ID 100392036 with Sidbi was fully satisfied on 22 Jan 2024.
Ceased
Hasmukh Chinubhai Sheth ceased to be Director.
Charges
A charge with Others amounted to Rs. 0.19 Cr with Charge ID 100693404 was registered on 03 Mar 2023.
Charges
A charge with Others of Rs. 0.66 Cr registered on 23 Aug 2021 with Charge ID 100507399 was modified on 01 Dec 2022.
24 earlier events are in the company report.
Frequently asked questions
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 has 3 current directors:
- Gautam Hasmukh Sheth - Director
- Nigel Andrade - Director
- Mitesh Mahendra Sanghavi - Director
The latest financial statements of Horizon Polymer Engineering 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 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 has 4 court cases on record: 4 filed by the company. 1 is pending. Most are in the district courts.
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 has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹96 Lakh; the latest was in March 2016.
Hasmukh Chinubhai Sheth ceased to be Director on 24 May 2023. Mitesh Mahendra Sanghavi ceased to be Additional Director on 30 Nov 2021. Mitesh Mahendra Sanghavi was appointed as Director on 01 Apr 2021. Horizon Polymer Engineering has 9 board changes on record in total.
Yes, Horizon Polymer Engineering is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-09-0001129).
Horizon Polymer Engineering has 13 MSME Form 1 returns on record between 2019 and 2023, listing 1,657 overdue payments to 79 micro and small suppliers. The latest return was filed on 22 Dec 2023.