About Idol Polytech Private Limited
Data last updated:
Idol Polytech Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 14 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209GJ2016PTC093725. Its GSTIN is 24AAECI2577H1ZK (Gujarat). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was formerly known as Idol Pipes Private Limited. It is led by directors including Jitendra Chhaganbhai Vadodariya and Sanjaybhai Chhaganbhai Vadodariya.
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 Rajkot, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹90.89 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹2.91 Cr (net margin 3.2%) and EBITDA of ₹7.62 Cr (EBITDA margin 8.4%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 47% over five years.
The company has about 24 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹40.27 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending. The company has 1 deal on record (1 rights issue); the latest was in February 2019. Its 10 peer companies in the Manufacturing industry (Pipes) are compared by revenue, 5 larger and 5 smaller; the largest is Four Ess Steel Products 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 idolpipe.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSurvey No. 11/Paiki 1 Plot No.2 At Ranpur Near R.K.Ind Zone – 8 Wakaner Kuvadva Cho, Wkdi, Rajkot, Gujarat, India – 360023
- IndustryManufacturing, Pipe & Tubes
- 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 Idol Polytech Private Limited
The main business activity of Idol Polytech 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 Idol Polytech Private Limited FY 2024 filings available
Idol Polytech Private Limited reported revenue of ₹90.89 Cr (up 28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Idol Polytech Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 47% over five years, including 28% growth in the latest year. EBITDA rose 83% 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 Idol Polytech 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 | ₹7.62 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.91 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Idol Polytech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| 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 Idol Polytech are in the company report.
Financial statements from FY 2017
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 Idol Polytech Private Limited
Idol Polytech Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Pipes). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Four Ess Steel Products Private Limited | •••• | •••• | •••• | •••• | 12 | Lucknow, Uttar Pradesh, India |
| RMG Steels Private Limited | •••• | •••• | •••• | •••• | 26 | South Delhi, Delhi, India |
| Krishna Plast Pipes Private Limited | •••• | •••• | •••• | •••• | - | Baragarh, Orissa, India |
| Ambuja Pipes Private Limited | •••• | •••• | •••• | •••• | - | Jaipur., Rajasthan, India |
| Boogook Industries India Private Limited | •••• | •••• | •••• | •••• | - | Somendepalli Mandal, Andhra Pradesh, India |
| Idol Polytech Private Limited this company | •••• | •••• | •••• | •••• | - | Rajkot, Gujarat, India |
| Aaram Plastics Private Limited | •••• | •••• | •••• | •••• | 34 | Jaipur, Rajasthan, India |
| Hutch Industries Private Limited | •••• | •••• | •••• | •••• | - | Surat, Gujarat, India |
| Akg Extrusions Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Rarean Fluid-Tech Private Limited | •••• | •••• | •••• | •••• | - | Khurda, Orissa, India |
| Venkatesh Indigenous Pipes Private Limited | •••• | •••• | •••• | •••• | 82 | Bhopal, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Idol Polytech by revenue in the Manufacturing industry (Pipes), 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 Idol Polytech Private Limited
Idol Polytech Private Limited is audited by H. H. ATKOTIYA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| H. H. ATKOTIYA & 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 Idol Polytech Private Limited
Idol Polytech has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Chhaganbhai Vadodariya | Director | 14 Sep 2016 | 10 Years 0 Months | Current |
| Sanjaybhai Chhaganbhai Vadodariya | Director | 14 Sep 2016 | 10 Years 0 Months | Current |
| Kantilal Nathabhai Vadodariya | Director | 14 Sep 2016 | 10 Years 0 Months | Current |
Ownership and Shareholding of Idol Polytech 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 Idol Polytech Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Oct 2024 | Others | ₹1 Cr | Open |
| 26 Sep 2024 | Others | ₹1 Cr | Open |
| 05 Jun 2024 | Others | ₹5.5 Cr | Open |
| 05 Jun 2024 | Others | ₹2.76 Cr | Open |
| 05 Jun 2024 | Others | ₹5.25 Cr | Open |
Total charge records: 7 View all charges
Deals & Funding of Idol Polytech Private Limited
Idol Polytech Private Limited has 1 deal on record (1 rights issue); the latest was in February 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2019 | Rights issue | ₹49 Lakh | Investors: 4 individuals |
Full deal history
All 1 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 Idol Polytech Private Limited
Idol Polytech Private Limited has 3 court cases on record: 3 filed by Idol Polytech. 1 case is pending and 2 are disposed. Status as checked between 30 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against an individual | 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.
Employees and EPFO Compliance at Idol Polytech Private Limited
Idol Polytech Private Limited has a workforce of 24 employees as of Mar 28, 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 Idol Polytech Private Limited
Idol Polytech Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Jitendra Chhaganbhai Vadodariya was appointed as Director on 14 Sep 2016.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Idol Polytech 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 Idol Polytech 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 Idol Polytech 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 Idol Polytech Private Limited
Idol Polytech has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECI2577H1ZK | Gujarat | Active | 01 Jan 2018 |
| 24AAECI2577H2ZJ | Gujarat | Active | 05 Apr 2025 |
| 27AAECI2577H1ZE | Maharashtra | Active | 11 Feb 2021 |
| 29AAECI2577H1ZA | Karnataka | Active | 21 Jun 2025 |
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 Idol Polytech 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 Idol Polytech Private Limited
Idol Polytech is an active private limited company based in Rajkot, Gujarat, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 14 September 2016 (10+ years old) and is registered under CIN U25209GJ2016PTC093725.
Idol Polytech reported revenue of ₹90.89 Cr for FY 2024 (up 28% YoY).
Idol Polytech has 3 current directors:
- Jitendra Chhaganbhai Vadodariya - Director
- Sanjaybhai Chhaganbhai Vadodariya - Director
- Kantilal Nathabhai Vadodariya - Director
Idol Polytech reported a net profit of ₹2.91 Cr (net margin 3.2%) and EBITDA of ₹7.62 Cr (EBITDA margin 8.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Idol Polytech is 41% over three years and 47% over five years. In the latest year (FY 2024) revenue rose 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Idol Polytech is 24AAECI2577H1ZK, registered in Gujarat. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 24AAECI2577H2ZJ (Gujarat), 27AAECI2577H1ZE (Maharashtra), 29AAECI2577H1ZA (Karnataka).
The CIN (Corporate Identification Number) of Idol Polytech is U25209GJ2016PTC093725. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Idol Polytech has 3 court cases on record: 3 filed by the company. 1 is pending.
Idol Polytech was incorporated on 14 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Idol Polytech has 1 deal on record (1 rights issue); the latest was in February 2019.
The peers of Idol Polytech by revenue are Four Ess Steel Products Private Limited, RMG Steels Private Limited, Krishna Plast Pipes Private Limited, Ambuja Pipes Private Limited, Boogook Industries India Private Limited and 5 more, all in the Manufacturing industry (Pipes).