MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0060558
Merit Polymers Private Limited - manufacturing in Daman, Daman And Diu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹247.42 Cr
▲ 20% YoY
Net profit · FY 2025
₹10.12 Cr
Net margin 4.1%
EBITDA · FY 2025
₹21.13 Cr
EBITDA margin 8.5%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹66 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
268
Provident fund records
About Merit Polymers Private Limited
Data last updated:
Merit Polymers Private Limited is a private limited company based in Daman, Daman And Diu, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 02 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U25209DD2021PTC009885. Its GSTIN is 26AAOCM3634M1ZZ (Daman & Diu). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Bharat Pranlal Kothari (Whole-Time Director) and Mitesh Bharat Kothari (Whole-Time Director).
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 Survey No. 370/1(2) Kachigam, Daman, Daman and Diu, India – 396210.
As per the financials filed for FY 2025, the company reported a revenue of ₹247.42 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹10.12 Cr (net margin 4.1%) and EBITDA of ₹21.13 Cr (EBITDA margin 8.5%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years.
The company has about 268 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Merit Polymers. As per MCA filings, the company has open charges of ₹66 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it; 2 cases are pending.
Merit Polymers Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0060558). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website meritpolymers.com.
Company details
CIN U25209DD2021PTC009885
Registration Number 009885
Incorporation Date 02 March 2021
ROC Goa
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0060558
Key People
Bharat Pranlal Kothari Whole-Time Director Mitesh Bharat Kothari Whole-Time Director Mitali Bharat Kothari Whole-Time Director Recognitions & Rankings of Merit Polymers
Contact details
Merit Polymers Private Limited's registered office is in Daman, Daman And Diu. Its website is meritpolymers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 370/1(2) Kachigam, Daman, Daman and Diu, India – 396210
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Merit Polymers Private Limited, buy the company report.
Comprehensive company report
Merit Polymers Private 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
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Brands
Merit Polymers operates one associated brand: Merit Polymers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Polymer manufacturing, masterbatch solutions, and technical support in the plastics industry. | meritpolymers.com |
Business activity
The main business activity of Merit Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Merit Polymers Private Limited, buy the company report.
Financials of Merit Polymers Private Limited
FY 2025 filings availableMerit Polymers Private Limited reported revenue of ₹247.42 Cr (up 20% YoY) for FY 2025.
Revenue · FY 2025
₹247.42 Cr ▲ 20%
Net profit · FY 2025
₹10.12 Cr margin 4.1%
EBITDA · FY 2025
₹21.13 Cr margin 8.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▲ 87%
3 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 18% over three years, including 20% growth in the latest year. EBITDA rose 87% 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 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹21.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.12 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.5% | ||||
| Net Profit Margin | 4.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Merit Polymers Private Limited, buy the company report.
Board of directors of Merit Polymers Private Limited
Merit Polymers has 5 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Pranlal Kothari | Whole-Time Director | 02 Mar 2021 | 5 Years 7 Months | Current |
| Mitesh Bharat Kothari | Whole-Time Director | 02 Mar 2021 | 5 Years 7 Months | Current |
| Mitali Bharat Kothari | Whole-Time Director | 02 Mar 2021 | 5 Years 7 Months | Current |
| Minal Soni | Whole-Time Director | 02 Mar 2021 | 5 Years 7 Months | Current |
| Pratibha Kothari | Whole-Time Director | 02 Mar 2021 | 5 Years 7 Months | Current |
Peer comparison
Merit Polymers Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Plastics and Resins, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Autotech-Sirmax India Private Limited | ₹260.27 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Wheels Polymers Private Limited | ₹252.39 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| Paramount Polymers Private Limited | ₹248.05 Cr (FY 2025) | 13.0% | Delhi, India | |||
| Merit Polymers Private Limitedthis company | ₹247.42 Cr (FY 2025) | ₹10.12 Cr | 4.1% | 20.0% | 268 | Daman, Daman And Diu, India |
| Sperry Plast Limited | ₹242.68 Cr (FY 2024) | 4.0% | New Delhi, Delhi, India | |||
| TP Polymer Private Limited | ₹229.66 Cr (FY 2025) | 28.0% | Delhi, India | |||
| Rattan Styrenics Private Limited | ₹223.67 Cr (FY 2025) | 84.0% | Faridabad, Haryana, India |
To see the full peer comparison of Merit Polymers Private Limited, buy the company report.
Auditor
Merit Polymers Private Limited is audited by G.B.LADDHA & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G.B.LADDHA & CO LLP | FY 2023 | 120352W/W100033 |
Shareholding
The shareholding of Merit Polymers Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Merit Polymers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹66 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2025 | 101155674 | Others | ₹1.1 Cr | Open | |
| 20 Dec 2021 | 100515223 | Others | ₹64.9 Cr | Open |
To see the full charge records of Merit Polymers Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Merit Polymers Private Limited has 5 court cases on record: 1 filed by Merit Polymers, 4 filed against it. 2 cases are pending and 3 are disposed.
Total cases
5
Filed by the company
1
Filed against the company
4
Pending
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Civil suit | Filed against the company by an individual | Pending |
| District court, Valsad, Gujarat | Civil suit | Filed by the company against individuals | Pending |
| District court, Valsad, Gujarat | Court case (CMA SC) | Filed against the company by an individual | Disposed |
| District court, Valsad, Gujarat | Court case (MCA) | Filed against the company by individuals | Disposed |
| High Court, GUJARAT | Court case (WPPIL) | Filed against the company by individuals | Disposed |
To see the full case history of Merit Polymers 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
Merit Polymers Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 111 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Jinesh Minerals Private Limited |
To see the full MSME payment records of Merit Polymers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Merit Polymers Private Limited has a workforce of 268 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.
Employee count
268
Active EPFO establishments
2
Employee growth
9.39%
GST
Merit Polymers has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAOCM3634M1ZZ | Daman & Diu | Active | 20 Mar 2021 |
| 24AAOCM3634M1Z3 | Gujarat | Active | 20 Mar 2021 |
| 05AAOCM3634M1Z3 | Uttarakhand | Active | 22 Mar 2021 |
| 09AAOCM3634M1ZV | Uttar Pradesh | Active | 23 Mar 2021 |
To see the full GST registrations and return filing status of Merit Polymers Private Limited, buy the company report.
Recent activity
Merit Polymers Private Limited has 5 board changes on record since 2021: 5 appointments. The latest: Bharat Pranlal Kothari was appointed as Whole-Time Director on 02 Mar 2021.
AGM
Merit Polymers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1.10 Cr with Charge ID 101155674 was registered on 27 Jun 2025.
Charges
A charge with Others of Rs. 64.90 Cr registered on 20 Dec 2021 with Charge ID 100515223 was modified on 28 May 2025.
Filing
Merit Polymers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Goa.
Charges
A charge with Others amounted to Rs. 64.90 Cr with Charge ID 100515223 was registered on 20 Dec 2021.
Appointed
Bharat Pranlal Kothari was appointed as Whole-Time Director.
Appointed
Minal Soni was appointed as Whole-Time Director.
Appointed
Mitali Bharat Kothari was appointed as Whole-Time Director.
Appointed
Mitesh Bharat Kothari was appointed as Whole-Time Director.
Appointed
Pratibha Kothari was appointed as Whole-Time Director.
Incorporation
02 Mar 2021
Merit Polymers Private Limited was registered on 02 Mar 2021 with Roc Goa & aged 5 years 7 months as per MCA records.
Frequently asked questions
Merit Polymers is an active private limited company based in Daman, Daman And Diu, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 02 March 2021 (5+ years old) and is registered under CIN U25209DD2021PTC009885.
Merit Polymers has 5 current directors:
- Bharat Pranlal Kothari - Whole-Time Director
- Mitesh Bharat Kothari - Whole-Time Director
- Mitali Bharat Kothari - Whole-Time Director
- Minal Soni - Whole-Time Director
- Pratibha Kothari - Whole-Time Director
The latest financial statements of Merit Polymers 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 FY 2021 are in the company report.
The GSTIN of Merit Polymers is 26AAOCM3634M1ZZ, registered in Daman & Diu. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 24AAOCM3634M1Z3 (Gujarat), 05AAOCM3634M1Z3 (Uttarakhand), 09AAOCM3634M1ZV (Uttar Pradesh).
The CIN (Corporate Identification Number) of Merit Polymers is U25209DD2021PTC009885. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merit Polymers has 5 court cases on record: 1 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Merit Polymers was incorporated on 02 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Merit Polymers by revenue are Autotech-Sirmax India Private Limited, Wheels Polymers Private Limited, Paramount Polymers Private Limited, Sperry Plast Limited, TP Polymer Private Limited and 1 more, all in the Manufacturing industry (Plastics and Resins, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Bharat Pranlal Kothari was appointed as Whole-Time Director on 02 Mar 2021. Minal Soni was appointed as Whole-Time Director on 02 Mar 2021. Mitali Bharat Kothari was appointed as Whole-Time Director on 02 Mar 2021. Merit Polymers has 5 board changes on record in total.
Yes, Merit Polymers is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0060558).
Merit Polymers has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 111 overdue payments to 16 micro and small suppliers. The latest return was filed on 30 Oct 2021.
Merit Polymers can be reached through the website meritpolymers.com. Its registered office is in Daman, Daman And Diu, India.