Indo Star Polyesters Private Limited
About Indo Star Polyesters Private Limited
Data last updated:
Indo Star Polyesters Private Limited is a private limited company based in Hatkanangle, Maharashtra, India. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 15 October 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U17115PN1999PTC014080. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Vanita Maruti Gayakwad and Abhijit Bhausaheb Kavade.
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 Hatkanangle, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹91.35 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net profit of ₹78,197 (net margin 0.9%) and EBITDA of ₹1 Lakh (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 277% over three years and 127% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Indo Star Polyesters Private Limited's registered office is in Hatkanangle, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGala No. 11, Akshay Apartment, Hatkanangle, Maharashtra, India – 416115
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of Indo Star Polyesters 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 Star Polyesters Private Limited
FY 2025 filings availableIndo Star Polyesters Private Limited reported revenue of ₹91.35 Lakh (down 89% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 89% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 127%. EBITDA rose 108% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1 Lakh | ||||
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| Net Profit (PAT) | ₹78,197 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Indo Star Polyesters Private Limited, buy the company report.
Board of directors of Indo Star Polyesters Private Limited
Indo Star Polyesters has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vanita Maruti Gayakwad Also directs: King the Land Water and Amusement Park Private Limited | Director | 05 May 2024 | 2 Years 5 Months | Current |
| Abhijit Bhausaheb Kavade | Director | 26 Mar 2024 | 2 Years 6 Months | Current |
| Manisha Vishal Jadhav | Director | 26 Mar 2024 | 2 Years 6 Months | Current |
| Sanket Sanjay Bajaj Also directs: Amicable Constructions and Management LLP, Shri Haripriya Builders and Developers LLP, Srivari Shubha Developers LLP and 3 more | Director | 26 Mar 2024 | 2 Years 6 Months | Current |
| Harshal Nitin Dhoot Also directs: MDM RMC LLP, Uranus Realtors Private Limited | Director | 24 May 2022 | 4 Years 4 Months | Current |
| Ayush Prakash Shah | Director | 24 May 2022 | 4 Years 4 Months | Current |
Peer comparison
Indo Star Polyesters Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nij Textiles Private Limited | ₹91.62 Lakh (FY 2025) | 92.0% | Surat, Gujarat, India | |||
| Sufi Textiles Designer Private Limited | ₹91.62 Lakh (FY 2025) | 79.0% | New Delhi, Delhi, India | |||
| Home Idea Upholstery Private Limited | ₹91.48 Lakh (FY 2016) | -99.0% | Mumbai, Maharashtra, India | |||
| NZ Tech Textile India Private Limited | ₹91.43 Lakh (FY 2024) | -97.0% | Bhiwandi, Maharashtra, India | |||
| Harshita Weaves Pvt. Ltd | ₹91.43 Lakh (FY 2025) | Surat, Gujarat, India | ||||
| Indo Star Polyesters Private Limited this company | ₹91.35 Lakh (FY 2024) | ₹78,197 | 0.9% | -89.0% | Hatkanangle, Maharashtra, India | |
| Sinalkar Private Limited | ₹91.34 Lakh (FY 2025) | -47.0% | Ekvira Nagar, Vangani, Maharashtra, India | |||
| Comfort Cotton Tex Private Limited | ₹91.31 Lakh (FY 2023) | -50.0% | Chandigarh, India | |||
| R.N.Fabrics Private Limited | ₹91.05 Lakh (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Ganga Textiles Limited | ₹91.05 Lakh (FY 2016) | 1243.0% | Coimbatore, Tamil Nadu, India | |||
| Shri Lakshmi Vasant Spinners Private Limited | ₹90.89 Lakh (FY 2024) | -74.0% | Secunderabad, Telangana, India |
To see the full peer comparison of Indo Star Polyesters Private Limited, buy the company report.
Shareholding
The shareholding of Indo Star Polyesters Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Indo Star Polyesters Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Indo Star Polyesters Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indo Star Polyesters Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indo Star Polyesters has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Indo Star Polyesters Private Limited, buy the company report.
Recent activity
Indo Star Polyesters Private Limited has 15 board changes on record since 2010: 6 appointments and 9 cessations. The latest: Vanita Maruti Gayakwad ceased to be Additional Director on 29 Sep 2024.
6 earlier events are in the company report.
Frequently asked questions
Indo Star Polyesters is an active private limited company based in Hatkanangle, Maharashtra, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 15 October 1999 (27+ years old) and is registered under CIN U17115PN1999PTC014080.
Indo Star Polyesters has 6 current directors:
- Vanita Maruti Gayakwad - Director
- Abhijit Bhausaheb Kavade - Director
- Manisha Vishal Jadhav - Director
- Sanket Sanjay Bajaj - Director
- Harshal Nitin Dhoot - Director
- Ayush Prakash Shah - Director
The latest financial statements of Indo Star Polyesters 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.
No. Indo Star Polyesters has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Indo Star Polyesters is U17115PN1999PTC014080. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indo Star Polyesters was incorporated on 15 October 1999, making it 27+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Indo Star Polyesters by revenue are Nij Textiles Private Limited, Sufi Textiles Designer Private Limited, Home Idea Upholstery Private Limited, NZ Tech Textile India Private Limited, Harshita Weaves Pvt. Ltd and 5 more, all in the Manufacturing industry (Textiles).
Vanita Maruti Gayakwad ceased to be Additional Director on 29 Sep 2024. Vanita Maruti Gayakwad was appointed as Director on 05 May 2024. Abhijit Bhausaheb Kavade was appointed as Director on 26 Mar 2024. Indo Star Polyesters has 15 board changes on record in total.
The registered office of Indo Star Polyesters is at Gala No. 11, Akshay Apartment, Hatkanangle, Maharashtra, India – 416115.
Indo Star Polyesters operates in the apparel and fashion industry, in the leather segment.
The compliance status of Indo Star Polyesters is compliant as of 20 July 2026. The company is actively filing with the Registrar of Companies.