Indian Polyfins Limited
About Indian Polyfins Limited
Data last updated:
Indian Polyfins Limited is a public limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 07 August 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1987PLC009877. Its GSTIN is 24AAACI4935R2Z4 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.29 Cr. It was formerly known as Gujarat Sizers Private Limited. It is led by directors including Jugan Kumar Banshidhar Sharma and Sampat Kumar Sharma.
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 304 Priyanka Intercity Building No – 4 At – Magob Taluka – Choryasi, Surat, Gujarat, India – 395010.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.41 Lakh, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹82,130 (net margin -4.2%) and EBITDA of ₹1.93 Lakh (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 27% over five years.
Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Indian Polyfins has one previous CIN (Corporate Identification Number): L17119GJ1987PLC009877. The current CIN is U17119GJ1987PLC009877, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17119GJ1987PLC009877 | Current |
| L17119GJ1987PLC009877 | Previous |
Contact details
Indian Polyfins Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address304 Priyanka Intercity Building No – 4 At – Magob Taluka – Choryasi, Surat, Gujarat, India – 395010
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Indian Polyfins Limited, buy the company report.
- 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
Business activity
The main business activity of Indian Polyfins is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Indian Polyfins Limited, buy the company report.
Financials of Indian Polyfins Limited
FY 2025 filings availableIndian Polyfins Limited reported revenue of ₹19.41 Lakh (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 27%. EBITDA rose 132% 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 |
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| EBITDA | ₹1.93 Lakh | ||||
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| Net Profit (PAT) | -₹82,130 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.9% | ||||
| Net Profit Margin | -4.2% | ||||
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To see the full financial statements and ratios of Indian Polyfins Limited, buy the company report.
Board of directors of Indian Polyfins Limited
Indian Polyfins has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jugan Kumar Banshidhar Sharma | Director | 17 May 2022 | 4 Years 5 Months | Current |
| Sampat Kumar Sharma | Director | 17 Mar 2023 | 3 Years 7 Months | Current |
| Nitu Arya | Director | 30 May 2006 | 20 Years 4 Months | Current |
Auditor
Indian Polyfins Limited is audited by Soni Surana & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Soni Surana & Co. | FY 2022 | 115781W |
Shareholding
The shareholding of Indian Polyfins Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indian Polyfins Limited, buy the company report.
Legal cases
Indian Polyfins Limited has 6 court cases on record: 5 filed by Indian Polyfins, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (9999-Other) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 2 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Electricity Board and 1 other | Disposed |
| High Court, GUJARAT | Appeal | Filed by the company against Gujarat Electricity Board and 1 other | Disposed |
To see the full case history of Indian Polyfins 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indian Polyfins Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indian Polyfins has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI4935R2Z4 | Gujarat | Active | 08 Jul 2022 |
To see the full GST registrations and return filing status of Indian Polyfins Limited, buy the company report.
Recent activity
Indian Polyfins Limited has 12 board changes on record since 2006: 3 appointments and 9 cessations. The latest: Sampat Kumar Sharma ceased to be Additional Director on 29 Sep 2023.
3 earlier events are in the company report.
Frequently asked questions
Indian Polyfins is an active public limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 07 August 1987 (39+ years old) and is registered under CIN U17119GJ1987PLC009877.
Indian Polyfins has 3 current directors:
- Jugan Kumar Banshidhar Sharma - Director
- Sampat Kumar Sharma - Director
- Nitu Arya - Director
The latest financial statements of Indian Polyfins 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 Indian Polyfins is 24AAACI4935R2Z4, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Indian Polyfins is U17119GJ1987PLC009877. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indian Polyfins has 6 court cases on record: 5 filed by the company and 1 filed against it. Most are in the high courts.
Indian Polyfins was incorporated on 07 August 1987, making it 39+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sampat Kumar Sharma ceased to be Additional Director on 29 Sep 2023. Sampat Kumar Sharma was appointed as Director on 17 Mar 2023. Jugan Kumar Banshidhar Sharma ceased to be Additional Director on 30 Sep 2022. Indian Polyfins has 12 board changes on record in total.
The registered office of Indian Polyfins is at 304 Priyanka Intercity Building No – 4 At – Magob Taluka – Choryasi, Surat, Gujarat, India – 395010.
Indian Polyfins operates in the manufacturing industry, in the textile and fabric production segment.