Maheshwari Polyspin Limited
About Maheshwari Polyspin Limited
Data last updated:
Maheshwari Polyspin Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 29 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17110MH2004PLC049008.
The company has an authorised share capital of ₹1.05 Cr and a paid-up capital of ₹97 Lakh. It is led by directors including Vimal Maheshwari and Prakash Maheshwari.
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 A/102 M/S Gulmohar Contractors Co. Pvt. Ltd. Dr. Rp Road Mulund (W), Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2023, the company reported a revenue of ₹27,000, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹6,000 (net margin -22.2%) and EBITDA of -₹6,000 (EBITDA margin -22.2%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹1.72 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Maheshwari Polyspin has one previous CIN (Corporate Identification Number): U17110MH2004PTC049008. The current CIN is U17110MH2004PLC049008, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17110MH2004PLC049008 | Current |
| U17110MH2004PTC049008 | Previous |
Contact details
Maheshwari Polyspin Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA/102 M/S Gulmohar Contractors Co. Pvt. Ltd. Dr. Rp Road Mulund (W), Mumbai, Maharashtra, India – 400080
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Maheshwari Polyspin 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 Maheshwari Polyspin Limited
FY 2025 filings availableMaheshwari Polyspin Limited reported revenue of ₹27,000 (up 8% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA rose 50% 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 |
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| EBITDA | -₹6,000 | ||||
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| Net Profit (PAT) | -₹6,000 | ||||
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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 | -22.2% | ||||
| Net Profit Margin | -22.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Maheshwari Polyspin Limited, buy the company report.
Board of directors of Maheshwari Polyspin Limited
Maheshwari Polyspin has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vimal Maheshwari | Director | 10 Jan 2007 | 19 Years 9 Months | Current |
| Prakash Maheshwari | Director | 30 Sep 2016 | 10 Years 0 Months | Current |
| Chetan Bhawsar | Director | 25 Jul 2017 | 9 Years 3 Months | Current |
Peer comparison
Maheshwari Polyspin Limited is compared with the 10 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Deeva Textiles Private Limited | ₹27,922 (FY 2019) | Delhi, India | ||||
| Sorwin Industries Private Limited | ₹27,620 (FY 2024) | Rajkot, Gujarat, India | ||||
| Seanto Minerals and Energy Private Limited | ₹27,463 (FY 2024) | 89.0% | Mumbai, Maharashtra, India | |||
| Solitex Overseas Private Limited | ₹27,279 (FY 2025) | 726.0% | Nashik, Maharashtra, India | |||
| Classic Carpets India Private Limited | ₹27,233 (FY 2025) | 4.0% | Kolkata, West Bengal, India | |||
| Maheshwari Polyspin Limitedthis company | ₹27,000 (FY 2023) | -₹6,000 | -22.2% | 8.0% | Mumbai, Maharashtra, India | |
| Filosha Fibres Private Limited | ₹26,996 (FY 2025) | -99.0% | Mumbai, Maharashtra, India | |||
| Men's Land Fashion Private Limited | ₹26,946 (FY 2022) | -68.0% | Nagpur, Maharashtra, India | |||
| Saffron Dealtrade Private Limited | ₹26,875 (FY 2025) | -24.0% | Kolkata, West Bengal, India | |||
| Zameen Organic Private Limited | ₹26,814 (FY 2024) | Hyderabad, Telangana, India | ||||
| Nijhawan Apparels Private Limited | ₹26,500 (FY 2025) | 783.0% | New Delhi, Delhi, India |
To see the full peer comparison of Maheshwari Polyspin Limited, buy the company report.
Auditor
Maheshwari Polyspin Limited is audited by RAJESH SHANTI LAL JAIN & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJESH SHANTI LAL JAIN & CO | FY 2018 | 012940C |
Shareholding
The shareholding of Maheshwari Polyspin Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Maheshwari Polyspin Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 May 1994 | 90222327 | Bank of Baroda | ₹15 Lakh | Open | |
| 23 Apr 1994 | 90226668 | Asset Recovery Management | ₹10 Lakh | Open | |
| 16 Dec 1992 | 90222125 | Bank of Baroda | ₹32 Lakh | Open | |
| 16 Nov 1992 | 90222113 | Bank of Baroda | ₹25 Lakh | Open | |
| 25 May 1990 | 90221766 | Gujrat Industrial Investment Corporation Ltd | ₹90 Lakh | Open |
To see the full charge records of Maheshwari Polyspin Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Maheshwari Polyspin Limited has 1 court case on record: 1 filed by Maheshwari Polyspin. 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 |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Union of India and Ors. | Disposed |
To see the full case history of Maheshwari Polyspin 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 Maheshwari Polyspin 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 Maheshwari Polyspin Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Maheshwari Polyspin Limited has 7 board changes on record since 2007: 5 appointments and 2 cessations. The latest: Dinesh Maheshwari ceased to be Director on 01 Aug 2017.
8 earlier events are in the company report.
Frequently asked questions
Maheshwari Polyspin is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 29 September 2004 (22+ years old) and is registered under CIN U17110MH2004PLC049008.
Maheshwari Polyspin has 3 current directors:
- Vimal Maheshwari - Director
- Prakash Maheshwari - Director
- Chetan Bhawsar - Director
The latest financial statements of Maheshwari Polyspin 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 Maheshwari Polyspin is U17110MH2004PLC049008. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maheshwari Polyspin has 1 court case on record: 1 filed by the company.
Maheshwari Polyspin was incorporated on 29 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Maheshwari Polyspin by revenue are Deeva Textiles Private Limited, Sorwin Industries Private Limited, Seanto Minerals and Energy Private Limited, Solitex Overseas Private Limited, Classic Carpets India Private Limited and 5 more, all in the Consumer Products industry (Textile Retail and Distribution).
Dinesh Maheshwari ceased to be Director on 01 Aug 2017. Chetan Bhawsar was appointed as Director on 25 Jul 2017. Prakash Maheshwari was appointed as Director on 30 Sep 2016. Maheshwari Polyspin has 7 board changes on record in total.
The registered office of Maheshwari Polyspin is at A102 MS Gulmohar Contractors Co. Pvt. Ltd. Dr. Rp Road Mulund W, Mumbai, Maharashtra, India – 400080.
Maheshwari Polyspin operates in the home and lifestyle industry, in the textile retail and distribution segment.
Maheshwari Polyspin has open charges of ₹1.72 Cr and no satisfied charges on record as per latest MCA filings.