Indo Polycoats Private Limited
About Indo Polycoats Private Limited
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Indo Polycoats Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 04 May 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U21011DL1983PTC015662. Its GSTIN is 07AAACI5398E2ZG (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹42.52 Lakh. It is led by directors Neetika Sethi and Rajiv Sethi.
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 B – 11/78 Mohan Co – Opindl Area Badarpur, New Delhi, Delhi, India – 110044.
As per the financials filed for FY 2025, the company reported a revenue of ₹62.04 Lakh, a growth of 146% compared to the previous year. For the same year it recorded a net profit of ₹32.38 Lakh (net margin 52.2%) and EBITDA of ₹46.05 Lakh (EBITDA margin 74.2%). Revenue has grown at a compounded annual rate (CAGR) of 98% over three years and 49% over five years.
As per MCA filings, the company has open charges of ₹1.49 Cr and satisfied charges of ₹39.53 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Indo Polycoats Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 11/78 Mohan Co – Opindl Area Badarpur, New Delhi, Delhi, India – 110044
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Indo Polycoats Private 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
Financials of Indo Polycoats Private Limited
FY 2025 filings availableIndo Polycoats Private Limited reported revenue of ₹62.04 Lakh (up 146% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 49% over five years, including 146% growth in the latest year. EBITDA rose 204% 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 | ₹46.05 Lakh | ||||
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| Net Profit (PAT) | ₹32.38 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 74.2% | ||||
| Net Profit Margin | 52.2% | ||||
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To see the full financial statements and ratios of Indo Polycoats Private Limited, buy the company report.
Board of directors of Indo Polycoats Private Limited
Indo Polycoats has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neetika Sethi Also directs: Ichiban Appliances India Private Limited | Director | 11 Dec 2023 | 2 Years 10 Months | Current |
| Rajiv Sethi | Director | 11 Dec 2023 | 2 Years 10 Months | Current |
Peer comparison
Indo Polycoats Private Limited is compared with the 6 companies closest to it by revenue in the Automobiles industry (Auto Ancillary), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sam Hitech Components Private Limited | ₹62.7 Lakh (FY 2016) | -93.0% | Pune, Maharashtra, India | |||
| Swapnil Rubber and Plast India Private Limited | ₹62.62 Lakh (FY 2022) | 173.0% | Indore, Madhya Pradesh, India | |||
| Amw Autocomponent Limited | ₹62.28 Lakh (FY 2025) | Bhuj, Gujarat, India | ||||
| Atharwa Auto Ancillary Private Limited | ₹62.12 Lakh (FY 2025) | -4.0% | Nashik, Maharashtra, India | |||
| Indo Polycoats Private Limitedthis company | ₹62.04 Lakh (FY 2025) | ₹32.38 Lakh | 52.2% | 146.0% | New Delhi, Delhi, India | |
| Armaax Auto Private Limited | ₹62 Lakh (FY 2021) | -86.0% | Palghar, Maharashtra, India | |||
| Jaina Ge Instruments Private Limited | ₹61.19 Lakh (FY 2025) | -57.0% | Chandigarh, India |
To see the full peer comparison of Indo Polycoats Private Limited, buy the company report.
Auditor
Indo Polycoats Private Limited is audited by Rajeev Trilok & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rajeev Trilok & Co | FY 2022 | 010681N |
Shareholding
The shareholding of Indo Polycoats Private 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 Indo Polycoats Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2014 | 10507424 | Small Industries Development Bank of India (Sidbi) | ₹1.49 Cr | Open | |
| 30 Aug 2017 | 100121458 | Others | ₹14 Cr | Satisfied | |
| 07 Aug 2014 | 10516007 | Small Industries Development Bank of India(Sidbi) | ₹1 Cr | Satisfied | |
| 09 Apr 2014 | 10488047 | Small Industries Development Bank of India (Sidbi) | ₹9.5 Cr | Satisfied | |
| 29 Mar 2010 | 10212812 | Karnataka Bank Limited | ₹50 Lakh | Satisfied |
To see the full charge records of Indo Polycoats Private Limited, buy the company report.
Total charge records: 15 View all charges
Legal cases
Indo Polycoats Private Limited has 6 court cases on record: 3 filed by Indo Polycoats, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CS(OS)) | Filed by the company against Karnataka Bank Ltd., | Disposed |
| District court, Mathura, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
| District court, South East, Delhi | Criminal case | Filed by the company against an individual | Disposed |
| District court, West, Delhi | Civil suit | Filed by the company against Readymade Garments Exports Employees Union and 8 others | Disposed |
| District court, North East, Delhi | Court case (L I R) | Filed against the company by an individual | Disposed |
To see the full case history of Indo Polycoats 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indo Polycoats Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indo Polycoats has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACI5398E2ZG | Delhi | Active | 20 Jan 2024 |
To see the full GST registrations and return filing status of Indo Polycoats Private Limited, buy the company report.
Recent activity
Indo Polycoats Private Limited has 10 board changes on record since 2014: 2 appointments and 8 cessations. The latest: Neetika Sethi ceased to be Additional Director on 29 Sep 2024.
35 earlier events are in the company report.
Frequently asked questions
Indo Polycoats is an active private limited company based in New Delhi, Delhi, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 04 May 1983 (43+ years old) and is registered under CIN U21011DL1983PTC015662.
Indo Polycoats has 2 current directors:
- Neetika Sethi - Director
- Rajiv Sethi - Director
The latest financial statements of Indo Polycoats 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 Indo Polycoats is 07AAACI5398E2ZG, registered in Delhi. 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 Indo Polycoats is U21011DL1983PTC015662. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indo Polycoats has 6 court cases on record: 3 filed by the company and 3 filed against it. Most are in the district courts.
Indo Polycoats was incorporated on 04 May 1983, making it 43+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Indo Polycoats by revenue are Sam Hitech Components Private Limited, Swapnil Rubber and Plast India Private Limited, Amw Autocomponent Limited, Atharwa Auto Ancillary Private Limited, Armaax Auto Private Limited and 1 more, all in the Automobiles industry (Auto Ancillary), with the same principal business activity (textile, leather and other apparel products).
Neetika Sethi ceased to be Additional Director on 29 Sep 2024. Rajiv Sethi ceased to be Additional Director on 29 Sep 2024. Ashok Teotia ceased to be Director on 01 Jan 2024. Indo Polycoats has 10 board changes on record in total.
The registered office of Indo Polycoats is at B – 1178 Mohan Co – Opindl Area Badarpur, New Delhi, Delhi, India – 110044.
Indo Polycoats operates in the automotive industry, in the auto parts and components segment.