MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-20-0009758
Jigar Polymers Limited
Jigar Polymers Limited - manufacturing in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹5 Cr
▲ 114% YoY
Net profit · FY 2025
₹7.1 Lakh
Net margin 1.4%
EBITDA · FY 2025
₹25.44 Lakh
EBITDA margin 5.1%
Authorised capital
₹1.25 Cr
Registered with MCA
Paid-up capital
₹1.05 Cr
Issued & subscribed
Open charges
₹6.5 Cr
Satisfied ₹3.59 Cr
Company age
9 yrs
Est. 2017
Directors on board
3
As per MCA filings
About Jigar Polymers Limited
Data last updated:
Jigar Polymers Limited is a public limited company based in Rajkot, Gujarat, India, a subsidiary of Jigar Cables Limited. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 10 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25205GJ2017PLC096206. Its GSTIN is 24AADCJ9142Q1Z2 (Gujarat).
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.05 Cr. It is led by directors including Parshottambhai Laljibhai Vaghasiya and Ramnik Parsotambhai Vaghasiya.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No.164/14 & 15 Jamwadi G.I.D.C Gondal, Rajkot, Gujarat, India – 360311.
As per the financials filed for FY 2025, the company reported a revenue of ₹5 Cr, a growth of 114% compared to the previous year. For the same year it recorded a net profit of ₹7.1 Lakh (net margin 1.4%) and EBITDA of ₹25.44 Lakh (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹6.5 Cr and satisfied charges of ₹3.59 Cr on record.
Jigar Polymers Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0009758). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Jigar Polymers Limited
CIN U25205GJ2017PLC096206
Registration Number 096206
Incorporation Date 10 March 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Jigar Cables Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-20-0009758
Key People
Parshottambhai Laljibhai Vaghasiya Director Ramnik Parsotambhai Vaghasiya Director Shailesh Bhikhubhai Khatara Director Recognitions & Rankings of Jigar Polymers
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressPlot No.164/14 & 15 Jamwadi G.I.D.C Gondal, Rajkot, Gujarat, India – 360311
- IndustryManufacturing, Plastic & Resins
Comprehensive company report
Jigar Polymers Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business Activity of Jigar Polymers Limited
The main business activity of Jigar Polymers 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 |
Premium access
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 Jigar Polymers Limited FY 2025 filings available
Jigar Polymers Limited reported revenue of ₹5 Cr (up 114% YoY) for FY 2025.
Revenue · FY 2025
₹5 Cr ▲ 114%
Net profit · FY 2025
₹7.1 Lakh margin 1.4%
EBITDA · FY 2025
₹25.44 Lakh margin 5.1%
Compounded Annual Growth Rate (CAGR) of Jigar Polymers Limited
Revenue CAGR growth
1 year
▲ 114%
3 years · compounded
▲ 49%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 13%
5 years · compounded
▼ 8%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 114% growth in the latest year. EBITDA rose 13% 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 Jigar Polymers Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹25.44 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.1 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 of Jigar Polymers Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.4% | •••• | •••• | •••• | •••• |
| 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 Jigar Polymers are in the company report.
Premium access
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.
Board of Directors of Jigar Polymers Limited
Jigar Polymers has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parshottambhai Laljibhai Vaghasiya Also directs: Jigar Cables Limited | Director | 10 Mar 2017 | 9 Years 7 Months | Current |
| Ramnik Parsotambhai Vaghasiya Also directs: Jigar Cables Limited | Director | 09 Jan 2021 | 5 Years 9 Months | Current |
| Shailesh Bhikhubhai Khatara Also directs: Jigar Cables Limited | Director | 09 Jan 2021 | 5 Years 9 Months | Current |
Peer Comparison of Jigar Polymers Limited
Jigar Polymers Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Cables and Wires, Plastics and Resins, Polymers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Siddhi Polymers Private Limited | ₹5.08 Cr (FY 2024) | •••• | •••• | 37.0% | •••• | Ahmedabad, Gujarat, India |
| Unitech International Limited Listed | ₹5.06 Cr (FY 2024) | •••• | •••• | -78.0% | •••• | Mumbai, Maharashtra, India |
| Trident Powdertech Private Limited | ₹5.05 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Hyderabad, Telangana, India |
| Kuber Foams Pvt.Ltd. | ₹5.02 Cr (FY 2025) | •••• | •••• | 5643.0% | •••• | Darjeeling, West Bengal, India |
| MT Industries Private Limited | ₹5.02 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Seraikela, Jharkhand, India |
| Jigar Polymers Limited this company | ₹5 Cr (FY 2025) | •••• | •••• | 114.0% | •••• | Rajkot, Gujarat, India |
| P.L Polymers Private Limited | ₹5 Cr (FY 2018) | •••• | •••• | -13.0% | •••• | Medak, Telangana, India |
| Shree Balaji Teflo Insulators Private Limited | ₹4.99 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | New Delhi, Delhi, India |
| Biaggo Polymers Private Limited | ₹4.99 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Hyderabad, Telangana, India |
| Pinkcity Polyplast Private Limited | ₹4.99 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Jaipur, Rajasthan, India |
| Paras Polychem Private Limited | ₹4.99 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Jigar Polymers by revenue in the Manufacturing industry (Cables and Wires, Plastics and Resins, Polymers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Jigar Polymers Limited
Jigar Polymers Limited is audited by RUSHABH R SHAH AND CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RUSHABH R SHAH AND CO | Locked | Locked | Locked |
Premium access
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.
Ownership and Shareholding of Jigar Polymers Limited
Premium access
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 Jigar Polymers Limited
Open charges
₹6.5 Cr
Satisfied charges
₹3.59 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Sep 2024 | Others | ₹60 Lakh | Open |
| 14 Dec 2022 | Others | ₹5.9 Cr | Open |
| 13 Jun 2023 | Others | ₹16 Lakh | Satisfied |
| 15 May 2023 | Others | ₹39.6 Lakh | Satisfied |
| 14 Dec 2022 | Others | ₹46.22 Lakh | Satisfied |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Jigar Polymers Limited
Employment history and EPFO contributions of people linked to Jigar Polymers.
Premium access
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 Jigar Polymers Limited
Jigar Polymers Limited has 7 board changes on record since 2017: 5 appointments and 2 cessations. The latest: Ramnik Parsotambhai Vaghasiya was appointed as Director on 09 Jan 2021.
Charges
A charge registered on 02 Dec 2022 via Charge ID 100656974 with Others was fully satisfied on 30 Oct 2025.
AGM
Jigar Polymers Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Jigar Polymers Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 15 May 2023 via Charge ID 100720747 with Others was fully satisfied on 03 Feb 2025.
Charges
A charge with Others amounted to Rs. 0.60 Cr with Charge ID 100985610 was registered on 20 Sep 2024.
Charges
A charge registered on 14 Dec 2022 via Charge ID 100697540 with Others was fully satisfied on 10 Sep 2024.
Charges
A charge registered on 09 Dec 2022 via Charge ID 100656975 with Others was fully satisfied on 10 Sep 2024.
Charges
A charge with Others of Rs. 0.40 Cr registered on 15 May 2023 with Charge ID 100720747 was modified on 20 Nov 2023.
Charges
A charge registered on 13 Jun 2023 via Charge ID 100739297 with Others was fully satisfied on 03 Aug 2023.
Charges
A charge with Others amounted to Rs. 0.16 Cr with Charge ID 100739297 was registered on 13 Jun 2023.
Charges
A charge with Others amounted to Rs. 0.40 Cr with Charge ID 100720747 was registered on 15 May 2023.
Charges
A charge with Others amounted to Rs. 5.90 Cr with Charge ID 100697536 was registered on 14 Dec 2022.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Jigar Polymers Limited
Premium access
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 Jigar Polymers Limited
Premium access
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 Jigar Polymers Limited
Premium access
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 Jigar Polymers Limited
Jigar Polymers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCJ9142Q1Z2 | Gujarat | Active | 31 Jul 2017 |
Premium access
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 Jigar Polymers Limited
Premium access
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 Jigar Polymers Limited
Jigar Polymers is an active public limited company based in Rajkot, Gujarat, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 10 March 2017 (9+ years old) and is registered under CIN U25205GJ2017PLC096206.
Jigar Polymers reported revenue of ₹5 Cr for FY 2025 (up 114% YoY).
Jigar Polymers has 3 current directors:
- Parshottambhai Laljibhai Vaghasiya - Director
- Ramnik Parsotambhai Vaghasiya - Director
- Shailesh Bhikhubhai Khatara - Director
Jigar Polymers reported a net profit of ₹7.1 Lakh (net margin 1.4%) and EBITDA of ₹25.44 Lakh (EBITDA margin 5.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Jigar Polymers is 49% over three years and 5% over five years. In the latest year (FY 2025) revenue rose 114%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Jigar Polymers is 24AADCJ9142Q1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of Jigar Polymers is U25205GJ2017PLC096206. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jigar Polymers was incorporated on 10 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Jigar Polymers by revenue are Siddhi Polymers Private Limited, Unitech International Limited, Trident Powdertech Private Limited, Kuber Foams Pvt.Ltd, MT Industries Private Limited and 5 more, all in the Manufacturing industry (Cables and Wires, Plastics and Resins, Polymers).
Ramnik Parsotambhai Vaghasiya was appointed as Director on 09 Jan 2021. Shailesh Bhikhubhai Khatara was appointed as Director on 09 Jan 2021. Vaishali Vijay Shingala ceased to be Director on 09 Jan 2021. Jigar Polymers has 7 board changes on record in total.
Yes, Jigar Polymers is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-20-0009758).