India's Richest People 2026 edition · 1 director · Source: Hurun India
- #872 Varinder Gupta & family ₹3,400 Cr
Mayadevi Polycot Limited
Mayadevi Polycot Limited - agriculture in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Active Public Limited Company agriculture
Revenue · FY 2025
₹62.24 Cr
▼ 20% YoY
Net profit · FY 2025
₹28.32 Cr
Net margin 45.5%
EBITDA · FY 2025
₹7.8 Cr
EBITDA margin 12.5%
Authorised capital
₹16.01 Cr
Registered with MCA
Paid-up capital
₹6.65 Cr
Issued & subscribed
Company age
29 yrs
Est. 1997
Directors on board
3
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Mayadevi Polycot Limited
Data last updated:
Mayadevi Polycot Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 18 March 1997 and has been in existence for over 29 years.
Its director Varinder Gupta and family are #872 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U25200PB1997PLC019602.
The company has an authorised share capital of ₹16.01 Cr and a paid-up capital of ₹6.65 Cr. It is led by directors including Dimple Gupta (Whole-Time Director) and Vikas Gupta.
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 Ludhiana, Punjab.
As per the financials filed for FY 2025, the company reported a revenue of ₹62.24 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹28.32 Cr (net margin 45.5%) and EBITDA of ₹7.8 Cr (EBITDA margin 12.5%). Revenue has grown at a compounded annual rate (CAGR) of 117% over three years and 52% over five years.
Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U25200PB1997PLC019602
Registration Number 019602
Incorporation Date 18 March 1997
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Mayadevi Polycot has one previous CIN (Corporate Identification Number): L25200PB1997PLC019602. The current CIN is U25200PB1997PLC019602, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25200PB1997PLC019602 | Current |
| L25200PB1997PLC019602 | Previous |
Recognitions & Rankings of Mayadevi Polycot
Contact details
Mayadevi Polycot Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address86, Industrial Area – A, Ludhiana, Punjab, India – 141003
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Mayadevi Polycot Limited, buy the company report.
Comprehensive company report
Mayadevi Polycot 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Mayadevi Polycot is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Mayadevi Polycot Limited, buy the company report.
Financials of Mayadevi Polycot Limited
FY 2025 filings availableMayadevi Polycot Limited reported revenue of ₹62.24 Cr (down 20% YoY) for FY 2025.
Revenue · FY 2025
₹62.24 Cr ▼ 20%
Net profit · FY 2025
₹28.32 Cr margin 45.5%
EBITDA · FY 2025
₹7.8 Cr margin 12.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 117%
5 years · compounded
▲ 52%
EBITDA CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 11%
5 years · compounded
▲ 18%
Revenue fell 20% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 52%. EBITDA fell 12% 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 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 | ₹7.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹28.32 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.5% | ||||
| Net Profit Margin | 45.5% | ||||
| 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 Mayadevi Polycot Limited, buy the company report.
Board of directors of Mayadevi Polycot Limited
Mayadevi Polycot has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Gupta Also directs: NM Merchantiles Limited, Iol Chemicals and Pharmaceuticals Limited, Iol Speciality Chemicals Limited and 1 more | Director | 28 Dec 2018 | 7 Years 9 Months | Current |
| Varinder Gupta Also directs: NM Merchantiles Limited, Iol Chemicals and Pharmaceuticals Limited, Iol Speciality Chemicals Limited and 1 more | Director | 18 Mar 1997 | 29 Years 7 Months | Current |
| Dimple Gupta Also directs: NM Merchantiles Limited | Whole-Time Director | 10 Apr 2004 | 22 Years 6 Months | Current |
Peer comparison
Mayadevi Polycot Limited is compared with the 5 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ratnam Aqua Private Limited | ₹62.63 Cr (FY 2025) | 20.0% | Valsad, Gujarat, India | |||
| Mansi Cattelfeed Private Limited | ₹62.36 Cr (FY 2025) | 22.0% | Ahmedabad, Gujarat, India | |||
| Mayadevi Polycot Limitedthis company | ₹62.24 Cr (FY 2025) | ₹28.32 Cr | 45.5% | -20.0% | Ludhiana, Punjab, India | |
| LNS Agriworld Private Limited | ₹62.07 Cr (FY 2025) | 23.0% | Manasa, Madhya Pradesh, India | |||
| Agrowers Private Limited | ₹62.06 Cr (FY 2025) | Kolkata, West Bengal, India | ||||
| Akila Trading Private Limited | ₹61.75 Cr (FY 2024) | 22.0% | New Delhi, Delhi, India |
To see the full peer comparison of Mayadevi Polycot Limited, buy the company report.
Auditor
Mayadevi Polycot Limited is audited by K K KAPOOR & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K KAPOOR & ASSOCIATES | FY 2018 | 001013N |
Shareholding
The shareholding of Mayadevi Polycot 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 Mayadevi Polycot Limited, buy the company report.
Legal cases
Mayadevi Polycot Limited has 2 court cases on record: 2 filed by Mayadevi Polycot. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chandigarh | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Chandigarh | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Mayadevi Polycot 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 Mayadevi Polycot Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mayadevi Polycot has 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
1
Associated companies
GST
No GST registration is on our record for Mayadevi Polycot Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mayadevi Polycot Limited has 6 board changes on record since 1997: 3 appointments and 3 cessations. The latest: Dimple Gupta ceased to be Director on 01 Jan 2022.
AGM
Mayadevi Polycot Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mayadevi Polycot Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Ceased
Dimple Gupta ceased to be Director.
Ceased
Vikas Gupta ceased to be Additional Director.
Ceased
Nohar Chand Gupta ceased to be Director.
Appointed
Vikas Gupta was appointed as Director.
Appointed
Dimple Gupta was appointed as Whole-Time Director.
Appointed
Varinder Gupta was appointed as Director.
Incorporation
18 Mar 1997
Mayadevi Polycot Limited was registered on 18 Mar 1997 with Roc Chandigarh & aged 29 years 7 months as per MCA records.
Frequently asked questions
Mayadevi Polycot is an active public limited company based in Ludhiana, Punjab, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 18 March 1997 (29+ years old) and is registered under CIN U25200PB1997PLC019602.
Mayadevi Polycot has 3 current directors:
- Dimple Gupta - Whole-Time Director
- Vikas Gupta - Director
- Varinder Gupta - Director
The latest financial statements of Mayadevi Polycot 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 Mayadevi Polycot is U25200PB1997PLC019602. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mayadevi Polycot has 2 court cases on record: 2 filed by the company.
Mayadevi Polycot was incorporated on 18 March 1997, making it 29+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Mayadevi Polycot by revenue are Ratnam Aqua Private Limited, Mansi Cattelfeed Private Limited, LNS Agriworld Private Limited, Agrowers Private Limited, Akila Trading Private Limited, all in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading).
Dimple Gupta ceased to be Director on 01 Jan 2022. Vikas Gupta ceased to be Additional Director on 28 Sep 2019. Nohar Chand Gupta ceased to be Director on 28 Dec 2018. Mayadevi Polycot has 6 board changes on record in total.
The registered office of Mayadevi Polycot is at 86, Industrial Area – A, Ludhiana, Punjab, India – 141003.
Mayadevi Polycot operates in the agriculture industry, in the agro retail and distribution segment.
The compliance status of Mayadevi Polycot is compliant as of 16 August 2026. The company is actively filing with the Registrar of Companies.