Kushal Polycoats Private Limited
About Kushal Polycoats Private Limited
Data last updated:
Kushal Polycoats Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 06 January 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U25206MP1998PTC012561.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kunal Jhaveri and Ashvin Kumar Jhaveri.
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 39/1 South Tukoganj, Indore, Madhya Pradesh, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹31.18 Lakh. For the same year it recorded a net profit of ₹30.18 Lakh (net margin 96.8%) and EBITDA of ₹30.18 Lakh (EBITDA margin 96.8%). Revenue has grown at a compounded annual rate (CAGR) of 406% over three years and 191% over five years.
As per MCA filings, the company has open charges of ₹23.75 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Kushal Polycoats Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address39/1 South Tukoganj, Indore, Madhya Pradesh, India
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Kushal 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 Kushal Polycoats Private Limited
FY 2025 filings availableKushal Polycoats Private Limited reported revenue of ₹31.18 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 191% over five years. 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 |
|---|---|---|---|---|---|
| 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 | ₹30.18 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.18 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 96.8% | ||||
| Net Profit Margin | 96.8% | ||||
| 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 Kushal Polycoats Private Limited, buy the company report.
Board of directors of Kushal Polycoats Private Limited
Kushal Polycoats has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunal Jhaveri Also directs: Jhaveri Pahwa Infraprojects LLP, Jhaveri Overseas LLP, Jhaveri Infraprojects LLP and 1 more | Director | 30 Sep 2006 | 20 Years 0 Months | Current |
| Ashvin Kumar Jhaveri Also directs: Jhaveri Overseas LLP, Jhaveri Infraprojects LLP | Additional Director | 24 Oct 2008 | 18 Years 0 Months | Current |
Peer comparison
Kushal Polycoats 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 |
|---|---|---|---|---|---|---|
| Legacy & Looms Private Limited | ₹31.22 Lakh (FY 2021) | Hyderabad, Telangana, India | ||||
| Intigreted Apparel Parks Private Limited | ₹31.21 Lakh (FY 2019) | Mumbai, Maharashtra, India | ||||
| Nuroad Industries Private Limited | ₹31.2 Lakh (FY 2024) | 218.0% | Bangalore, Karnataka, India | |||
| Hina Fil India Limited | ₹31.19 Lakh (FY 2016) | -77.0% | Vapi, Gujarat, India | |||
| Chaawla's Exclusive Private Limited | ₹31.19 Lakh (FY 2025) | 180.0% | Jaipur, Rajasthan, India | |||
| Kushal Polycoats Private Limitedthis company | ₹31.18 Lakh (FY 2024) | ₹30.18 Lakh | 96.8% | Indore, Madhya Pradesh, India | ||
| Sri Kannan Spinners Private Limited | ₹31.16 Lakh (FY 2025) | Tiruppur, Tamil Nadu, India | ||||
| Arvind Fabtex Private Limited | ₹31.12 Lakh (FY 2025) | 4.0% | Ichalkaranji, Maharashtra, India | |||
| Govardhan Holdings Private Limited. | ₹31.12 Lakh (FY 2024) | -38.0% | Kolkata, West Bengal, India | |||
| Soko Industries Private Limited | ₹31.11 Lakh (FY 2023) | Jagddal, West Bengal, India | ||||
| Ivy Weaving Private Limited | ₹31.1 Lakh (FY 2025) | -12.0% | Shirpur, Maharashtra, India |
To see the full peer comparison of Kushal Polycoats Private Limited, buy the company report.
Auditor
Kushal Polycoats Private Limited is audited by C P RAWKA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C P RAWKA & CO | FY 2020 | 000518C |
Shareholding
The shareholding of Kushal Polycoats Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Kushal Polycoats Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2003 | 90201900 | Central Bank of India | ₹13.75 Lakh | Open | |
| 25 Feb 2003 | 90209216 | Central Bank of India | ₹10 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Kushal Polycoats 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 Kushal Polycoats Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Kushal Polycoats Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Kushal Polycoats Private Limited has 3 board changes on record since 2006: 2 appointments and 1 cessation. The latest: Vijay Kochar ceased to be Director on 24 Dec 2008.
Frequently asked questions
Kushal Polycoats is an active private limited company based in Indore, Madhya Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 06 January 1998 (28+ years old) and is registered under CIN U25206MP1998PTC012561.
Kushal Polycoats has 2 current directors:
- Kunal Jhaveri - Director
- Ashvin Kumar Jhaveri - Additional Director
The latest financial statements of Kushal 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 CIN (Corporate Identification Number) of Kushal Polycoats is U25206MP1998PTC012561. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kushal Polycoats was incorporated on 06 January 1998, making it 28+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Kushal Polycoats by revenue are Legacy & Looms Private Limited, Intigreted Apparel Parks Private Limited, Nuroad Industries Private Limited, Hina Fil India Limited, Chaawla's Exclusive Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Vijay Kochar ceased to be Director on 24 Dec 2008. Ashvin Kumar Jhaveri was appointed as Additional Director on 24 Oct 2008. Kunal Jhaveri was appointed as Director on 30 Sep 2006.
The registered office of Kushal Polycoats is at 391 South Tukoganj, Indore, Madhya Pradesh, India.
Kushal Polycoats operates in the manufacturing industry, in the textile and fabric production segment.
Kushal Polycoats has open charges of ₹23.75 Lakh and no satisfied charges on record as per latest MCA filings.
The compliance status of Kushal Polycoats is compliant as of 18 September 2026. The company is actively filing with the Registrar of Companies.