Jainco Polysyntex Private Limited
About Jainco Polysyntex Private Limited
Data last updated:
Jainco Polysyntex Private Limited is a private limited company based in Umbergaon, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 11 March 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2013PTC073924. Its GSTIN is 24AADCJ0579K1ZF (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹20.39 Lakh. It is led by directors Vikas Naresh Jain and Ajeetkumar Tribhawannath Tiwari.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Shed No.C1 – B 119/3 G.I.D.C. Umargam, Umbergaon, Gujarat, India – 396171.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.59 Cr, a growth of 117% compared to the previous year. For the same year it recorded a net profit of ₹3.49 Lakh (net margin 2.2%) and EBITDA of ₹6.73 Lakh (EBITDA margin 4.2%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 17% over five years.
As per MCA filings, the company has satisfied charges of ₹1.48 Cr on record. Court records list 35 cases involving the company, including 35 filed against it; 9 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Jainco Polysyntex Private Limited's registered office is in Umbergaon, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShed No.C1 – B 119/3 G.I.D.C. Umargam, Umbergaon, Gujarat, India – 396171
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Jainco Polysyntex 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
Business activity
The main business activity of Jainco Polysyntex is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Jainco Polysyntex Private Limited, buy the company report.
Financials of Jainco Polysyntex Private Limited
FY 2023 filings availableJainco Polysyntex Private Limited reported revenue of ₹1.59 Cr (up 117% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 117% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 17%. EBITDA rose 41% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹6.73 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.49 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.2% | ||||
| Net Profit Margin | 2.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Jainco Polysyntex Private Limited, buy the company report.
Board of directors of Jainco Polysyntex Private Limited
Jainco Polysyntex has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajeetkumar Tribhawannath Tiwari | Additional Director | 17 Oct 2024 | 2 Years 0 Months | Current |
| Vikas Naresh Jain | Director | 11 Mar 2013 | 13 Years 7 Months | Current |
Peer comparison
Jainco Polysyntex Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Textiles), 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 |
|---|---|---|---|---|---|---|
| Rameshwar Cotton Private Limited | ₹1.59 Cr (FY 2024) | -83.0% | Talaja, Gujarat, India | |||
| Kolour Industries Limited | ₹1.59 Cr (FY 2023) | 23.0% | Hyderabad, Telangana, India | |||
| Jainco Polysyntex Private Limitedthis company | ₹1.59 Cr (FY 2023) | ₹3.49 Lakh | 2.2% | 117.0% | Umbergaon, Gujarat, India | |
| Miracle Clothing Private Limited | ₹1.58 Cr (FY 2018) | -61.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Jainco Polysyntex Private Limited, buy the company report.
Auditor
Jainco Polysyntex Private Limited is audited by GIRDHARI AGARWAL & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GIRDHARI AGARWAL & ASSOCIATES | FY 2022 | 127077W |
Shareholding
The shareholding of Jainco Polysyntex Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jainco Polysyntex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2016 | 100080090 | Bank of India | ₹25 Lakh | Satisfied | |
| 22 Mar 2013 | 10424599 | Bank of India | ₹1.23 Cr | Satisfied |
To see the full charge records of Jainco Polysyntex Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Jainco Polysyntex Private Limited has 35 court cases on record: 35 filed against it. 9 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 31 | 8 |
| High courts | 4 | 4 | 1 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Avanse Financial Services Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Subhlaxmi Chem Pvt. Ltd. Through Arun Taparia | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Haripriya Syntex Pvt. Ltd., Through Its Director Adityakumar Ashokkumar Daga | Pending |
| Bombay High Court | Court case (APEAL) | Filed against the company by Wellknown Polyesters Limited | Pending |
| Bombay High Court | Court case (EXA) | Filed against the company by Avanse Financial Services Limited Through Preeti Girme | Disposed |
To see the full case history of Jainco Polysyntex 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 Jainco Polysyntex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jainco Polysyntex has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCJ0579K1ZF | Gujarat | Active | 01 Jul 2017 |
| 27AADCJ0579K1Z9 | Maharashtra | Active | 31 May 2018 |
To see the full GST registrations and return filing status of Jainco Polysyntex Private Limited, buy the company report.
Recent activity
Jainco Polysyntex Private Limited has 5 board changes on record since 2013: 2 appointments and 3 cessations. The latest: Ajeetkumar Tribhawannath Tiwari was appointed as Additional Director on 17 Oct 2024.
1 earlier event is in the company report.
Frequently asked questions
Jainco Polysyntex is an active private limited company based in Umbergaon, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 11 March 2013 (13+ years old) and is registered under CIN U17120GJ2013PTC073924.
Jainco Polysyntex has 2 current directors:
- Ajeetkumar Tribhawannath Tiwari - Additional Director
- Vikas Naresh Jain - Director
The latest financial statements of Jainco Polysyntex on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Jainco Polysyntex is 24AADCJ0579K1ZF, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AADCJ0579K1Z9 (Maharashtra).
The CIN (Corporate Identification Number) of Jainco Polysyntex is U17120GJ2013PTC073924. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jainco Polysyntex has 35 court cases on record: 35 filed against it. 9 are pending. Most are in the district courts.
Jainco Polysyntex was incorporated on 11 March 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Jainco Polysyntex by revenue are Rameshwar Cotton Private Limited, Kolour Industries Limited, Miracle Clothing Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Ajeetkumar Tribhawannath Tiwari was appointed as Additional Director on 17 Oct 2024. Sonam Vikas Jain ceased to be Additional Director on 17 Oct 2024. Naresh Virchand Jain ceased to be Director on 12 Apr 2016. Jainco Polysyntex has 5 board changes on record in total.
The registered office of Jainco Polysyntex is at Shed No.C1 – B 1193 G.I.D.C. Umargam, Umbergaon, Gujarat, India – 396171.
Jainco Polysyntex operates in the manufacturing industry, in the textile and fabric production segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
