About LG Polymers India Private Limited
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LG Polymers India Private Limited is a private limited company based in Chittoor, Andhra Pradesh, India, a subsidiary of Lg Chemical India Private Limited. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 10 December 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U25203AP1996PTC025917. Its GSTIN is 37AAACL8528P1ZU (Andhra Pradesh). The company holds 12 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹560 Cr and a paid-up capital of ₹538.56 Cr. It is led by directors Wonkyun Lee (Managing Director) and Rama Krishna Pasala.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at Chittoor, Andhra Pradesh.
As per the financials filed for FY 2023, the company reported a revenue of ₹11.59 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹52.16 Cr (net margin -450.1%) and EBITDA of -₹42 Cr (EBITDA margin -362.4%). Revenue has declined at a compounded annual rate (CAGR) of 69% over three years.
The company has about 75 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹202.25 Cr and satisfied charges of ₹557.64 Cr on record. Court records list 67 cases involving the company, including 49 filed by the company and 20 filed against it; 24 cases are pending. The company has 1 deal on record (1 rights issue); the latest was in March 2022. The company has 2 MSME Form 1 returns on record between 2021 and 2024, listing 3 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lgpi.co.in.
Company details
Contact details
LG Polymers India Private Limited's registered office is in Chittoor, Andhra Pradesh. Its website is lgpi.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.8345 Sri City Post Office, Appaiahpalem Village Satyavedu, Chittoor, Andhra Pradesh, India – 517646
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of LG Polymers India 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 LG Polymers India Private Limited
FY 2024 filings availableLG Polymers India Private Limited reported revenue of ₹11.59 Cr (down 46% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 69% over three years, including a 46% fall 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 | ₹11.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹52.16 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -362.4% | ||||
| Net Profit Margin | -450.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of LG Polymers India Private Limited, buy the company report.
Board of directors of LG Polymers India Private Limited
LG Polymers India has 2 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Wonkyun Lee Also directs: LG Chemical India Private Limited | Managing Director | 09 Jan 2024 | 2 Years 9 Months | Current |
| Rama Krishna Pasala | Director | 24 Dec 2024 | 1 Years 10 Months | Current |
Auditor
LG Polymers India Private Limited is audited by B S R AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R AND CO | FY 2023 | 128510W |
Shareholding
The shareholding of LG Polymers India 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 LG Polymers India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Feb 2003 | 90119179 | Icic Bank Limited | ₹75 Cr | Open | |
| 22 Jul 1999 | 90118905 | Icici Bank Limited | ₹45 Cr | Open | |
| 18 Feb 1999 | 90115782 | Bank of America Nt & Sa; | ₹19.13 Cr | Open | |
| 18 Feb 1999 | 90118869 | Bank of America Nt & Sa; | ₹19.13 Cr | Open | |
| 16 Jul 1998 | 90118819 | Icici Limited | ₹10 Cr | Open |
To see the full charge records of LG Polymers India Private Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
LG Polymers India Private Limited has 1 deal on record (1 rights issue); the latest was in March 2022.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Rights issue | ₹110 Cr | Investors: LG Chemical India Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
LG Polymers India Private Limited has 67 court cases on record: 49 filed by LG Polymers India, 20 filed against it. 24 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 32 | 16 | 13 |
| District courts | 30 | 2 | 8 |
| Supreme Court | 5 | 2 | 3 |
Cases on record (5 of 67)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Commercial suit | Filed against the company by Datta Hydro Chem Pvt. Ltd. Through Atul Ashok Mavdikar | Pending |
| Supreme Court | Court case (0816-Letter Petition & Pil Matters : SLPs filed against judgments / orders passed by the High Courts in Writ Petitions filed as PIL) | Filed against the company by M/S LG Polymers India Pvt. Ltd. RRV Puram, Naidu Thota ,Visakhapatnam , Andhra Pradesh | Pending |
| Supreme Court | Court case (0816-Letter Petition & Pil Matters : SLPs filed against judgments / orders passed by the High Courts in Writ Petitions filed as PIL) | Filed by the company against 0 the Director the Director LG Polymers India Pvt. Ltd. RR Venkatapuram ,Visakhapatnam , Andhra Pradesh and 9 others | Pending |
| Supreme Court | Court case (0816-Letter Petition & Pil Matters : SLPs filed against judgments / orders passed by the High Courts in Writ Petitions filed as PIL) | Filed against the company by M/S. LG Polymers India Pvt. Ltd. RRV Puram, Naidu Thota ,Visakhapatnam , Andhra Pradesh | Disposed |
| Supreme Court | Court case (0816-Letter Petition & Pil Matters : SLPs filed against judgments / orders passed by the High Courts in Writ Petitions filed as PIL) | Filed by the company against 9 Byungkeun Song Director M/S LG Polymers India Pvt. Ltd, Quality Innovation and Solutions, RR Venkatapuram, Visakhapatnam 530029 ,Visakhapatnam , Andhra Pradesh and 38 others | Disposed |
To see the full case history of LG Polymers India 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
LG Polymers India Private Limited has 2 MSME Form 1 returns on record between 2021 and 2024, listing 3 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Gupta Chemicals and Drugs |
To see the full MSME payment records of LG Polymers India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
LG Polymers India Private Limited has a workforce of 75 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
GST
LG Polymers India has 12 GST registrations: 6 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAACL8528P1ZU | Andhra Pradesh | Active | 01 Jul 2017 |
| 37AAACL8528P3ZS | Andhra Pradesh | Active | 08 Sep 2017 |
| 09AAACL8528P1ZT | Uttar Pradesh | Active | 01 Jul 2017 |
| 27AAACL8528P1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of LG Polymers India Private Limited, buy the company report.
Recent activity
LG Polymers India Private Limited has 30 board changes on record since 2008: 3 appointments and 27 cessations. The latest: Rama Krishna Pasala ceased to be Additional Director on 29 Sep 2025.
49 earlier events are in the company report.
Frequently asked questions
LG Polymers India is an active private limited company based in Chittoor, Andhra Pradesh, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 10 December 1996 (30+ years old) and is registered under CIN U25203AP1996PTC025917.
LG Polymers India has 2 current directors:
- Wonkyun Lee - Managing Director
- Rama Krishna Pasala - Director
The latest financial statements of LG Polymers India on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of LG Polymers India is 37AAACL8528P1ZU, registered in Andhra Pradesh. The company has 12 GST registrations in all, of which 6 are active and 6 are cancelled or inactive. Other active GSTINs include 37AAACL8528P3ZS (Andhra Pradesh), 09AAACL8528P1ZT (Uttar Pradesh), 27AAACL8528P1ZV (Maharashtra).
The CIN (Corporate Identification Number) of LG Polymers India is U25203AP1996PTC025917. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
LG Polymers India has 67 court cases on record: 49 filed by the company and 20 filed against it. 24 are pending. Most are in the high courts.
LG Polymers India was incorporated on 10 December 1996, making it 30+ years old. It is registered with the Registrar of Companies, Vijayawada.
LG Polymers India has 1 deal on record (1 rights issue); the latest was in March 2022.
Rama Krishna Pasala ceased to be Additional Director on 29 Sep 2025. Rama Krishna Pasala was appointed as Director on 24 Dec 2024. Wonkyun Lee ceased to be Additional Director on 30 Jun 2024. LG Polymers India has 30 board changes on record in total.
LG Polymers India has 2 MSME Form 1 returns on record between 2021 and 2024, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 18 May 2024.
LG Polymers India can be reached through the website lgpi.co.in. Its registered office is in Chittoor, Andhra Pradesh, India.
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