Joy Poly Fab Private Limited
About Joy Poly Fab Private Limited
Data last updated:
Joy Poly Fab Private Limited was a private limited company based in Vapi, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 September 1993.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17299GJ1993PTC020260. Its GSTIN is 24AAACJ6000A1ZJ (Gujarat).
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹98.98 Lakh. It was led by directors including Nareshkumar Parshottambhai Golakiya (Whole-Time Director) and Arvindbhai Jivrajbhai Golakiya (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Plot No – 18012 3rd Phaseg I D C, Vapi, Gujarat, India – 396195.
As per the financials filed for FY 2024, the company reported a revenue of ₹28.4 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹91.93 Lakh (net margin 3.2%) and EBITDA of ₹2.32 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 6% over five years.
The company has about 49 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹11.68 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Joy Poly Fab Private Limited's registered office is in Vapi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No – 18012 3rd Phaseg I D C, Vapi, Gujarat, India – 396195
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Joy Poly Fab 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 Joy Poly Fab 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 Joy Poly Fab Private Limited, buy the company report.
Financials of Joy Poly Fab Private Limited
FY 2024 filings availableJoy Poly Fab Private Limited reported revenue of ₹28.4 Cr (down 11% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 21% 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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| Other Income | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹91.93 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 3.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| 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 Joy Poly Fab Private Limited, buy the company report.
Board of directors of Joy Poly Fab Private Limited
Joy Poly Fab has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nareshkumar Parshottambhai Golakiya Also directs: Joy Poly Fab LLP, Prayag Texprint LLP | Whole-Time Director | 01 Apr 2003 | 23 Years 6 Months | As last reported |
| Arvindbhai Jivrajbhai Golakiya Also directs: Joy Poly Fab LLP, Prayag Texprint LLP | Whole-Time Director | 05 Oct 1997 | 29 Years 0 Months | As last reported |
| Sanjaykumar Popatlal Savani Also directs: Joy Poly Fab LLP, Prayag Texprint LLP | Whole-Time Director | 05 Oct 1997 | 29 Years 0 Months | As last reported |
| Bhupendrakumar Parshottambhai Golakiya Also directs: Joy Poly Fab LLP, Prayag Texprint LLP | Whole-Time Director | 05 Oct 1997 | 29 Years 0 Months | As last reported |
| Bhimjibhai Jivrajbhai Golakiya Also directs: Joy Poly Fab LLP, Prayag Texprint LLP | Whole-Time Director | 01 Apr 2003 | 23 Years 6 Months | As last reported |
| Alpeshbhai Popatbhai Savani Also directs: Joy Poly Fab LLP, Prayag Texprint LLP | Director | 15 Nov 2019 | 6 Years 11 Months | As last reported |
Peer comparison
Joy Poly Fab Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Agarwal Fabrics Private Limited | ₹28.49 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Surya Industries Private Limited | ₹28.48 Cr (FY 2025) | 196.0% | Surat, Gujarat, India | |||
| Khurana Furnishings Private Limited | ₹28.42 Cr (FY 2024) | -7.0% | New Delhi, Delhi, India | |||
| B.B.Knitting Works Private Limited | ₹28.41 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Joy Poly Fab Private Limitedthis company | ₹28.4 Cr (FY 2024) | ₹91.93 Lakh | 3.2% | -11.0% | 49 | Vapi, Gujarat, India |
| Diamond Mink Blankets Limited | ₹28.37 Cr (FY 2024) | -10.0% | Punjab, India | |||
| Siddhi Spinners Private Limited | ₹28.35 Cr (FY 2025) | -4.0% | Kalol, Gujarat, India | |||
| Dipu Associates Private Limited | ₹28.32 Cr (FY 2025) | -24.0% | Mumbai, Maharashtra, India | |||
| Bramha Cotfab Private Limited | ₹28.31 Cr (FY 2024) | 9.0% | Shirpur, Maharashtra, India | |||
| Citizen Technical Textiles Private Limited | ₹28.31 Cr (FY 2020) | 30.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Joy Poly Fab Private Limited, buy the company report.
Auditor
Joy Poly Fab Private Limited is audited by MEMON & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEMON & CO. | FY 2023 | 163760 |
Shareholding
The shareholding of Joy Poly Fab 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 Joy Poly Fab Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2012 | 10348106 | Others | ₹18.94 Lakh | Satisfied | |
| 23 Mar 2012 | 10348112 | Others | ₹3 Cr | Satisfied | |
| 13 Apr 2006 | 10003669 | Oriental Bank of Commerce | ₹10 Lakh | Satisfied | |
| 13 Apr 2006 | 10003667 | Oriental Bank of Commerce | ₹81.5 Lakh | Satisfied | |
| 22 Aug 2005 | 90101146 | Oriental Bank of Commerce | ₹46 Lakh | Satisfied |
To see the full charge records of Joy Poly Fab Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Joy Poly Fab Private Limited has 1 court case on record: 1 filed by Joy Poly Fab. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 1 other | Disposed |
To see the full case history of Joy Poly Fab 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
Joy Poly Fab Private Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 182 overdue payments to 83 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 83)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Divysai Chem Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Joy Poly Fab Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Joy Poly Fab Private Limited has a workforce of 49 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Joy Poly Fab has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACJ6000A1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Joy Poly Fab Private Limited, buy the company report.
Recent activity
Joy Poly Fab Private Limited has 9 board changes on record since 1997: 6 appointments and 3 cessations. The latest: Alpeshbhai Popatbhai Savani was appointed as Director on 15 Nov 2019.
17 earlier events are in the company report.
Frequently asked questions
Joy Poly Fab has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Joy Poly Fab was a private limited company based in Vapi, Gujarat, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 24 September 1993 and is registered under CIN U17299GJ1993PTC020260. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Joy Poly Fab is U17299GJ1993PTC020260. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Joy Poly Fab had 6 directors:
- Nareshkumar Parshottambhai Golakiya - Whole-Time Director
- Arvindbhai Jivrajbhai Golakiya - Whole-Time Director
- Sanjaykumar Popatlal Savani - Whole-Time Director
- Bhupendrakumar Parshottambhai Golakiya - Whole-Time Director
- Bhimjibhai Jivrajbhai Golakiya - Whole-Time Director
- Alpeshbhai Popatbhai Savani - Director
Joy Poly Fab was incorporated on 24 September 1993. It is registered with the Registrar of Companies, Ahmedabad.
The registered office of Joy Poly Fab is at Plot No – 18012 3rd Phaseg I D C, Vapi, Gujarat, India – 396195.
The latest financial statements of Joy Poly Fab on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Joy Poly Fab is 24AAACJ6000A1ZJ, registered in Gujarat.
Joy Poly Fab operated in the manufacturing industry, in the textile and fabric production segment.
The peers of Joy Poly Fab by revenue are Agarwal Fabrics Private Limited, Surya Industries Private Limited, Khurana Furnishings Private Limited, B.B.Knitting Works Private Limited, Diamond Mink Blankets Limited and 4 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Joy Poly Fab has 7 MSME Form 1 returns on record between 2019 and 2024, listing 182 overdue payments to 83 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Joy Poly Fab has 1 court case on record: 1 filed by the company.