Midas Polychem LLP
About Midas Polychem LLP
Data last updated:
Midas Polychem LLP is a limited liability partnership (LLP) based in Ahmedabad, Gujarat, India. It operates in the wholesale trading and distribution segment of the business services sector. It was incorporated on 09 July 2014 and has been in existence for over 12 years.
The LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAC-4489. Its GSTIN is 24AAYFM9289K1Z4 (Gujarat). The LLP holds 3 GST registrations, of which 2 are active.
The LLP has a total obligation of contribution of ₹2 Lakh. It is led by designated partners including Renuka Pankaj Totla and Srujal Sanjaybhai Shah.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at 8 Ularia Sanathal Nr Pasoli Motors, Ahmedabad, Gujarat, India – 382210.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹157.09 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹16.87 Lakh (net margin 0.1%) and EBITDA of ₹7.13 Cr (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 14% over five years.
As per MCA filings, the LLP has open charges of ₹86.9 Cr on record.
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- Registered Address8 Ularia Sanathal Nr Pasoli Motors, Ahmedabad, Gujarat, India – 382210
- IndustryBusiness Services, Wholesale, Commission Trade
- 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
- One PDF report, delivered after checkout
Financials of Midas Polychem LLP FY 2025 filings available
Midas Polychem LLP reported revenue of ₹157.09 Cr (down 19% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Midas Polychem LLP
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 6% 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 of Midas Polychem LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹16.87 Lakh | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Midas Polychem LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of Midas Polychem are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Designated Partners of Midas Polychem LLP
Midas Polychem has 3 current designated partners and 7 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Renuka Pankaj Totla | Designated Partner | 06 Jan 2022 | 4 Years 9 Months | Current |
| Srujal Sanjaybhai Shah Also directs: Ishan Plastic LLP | Designated Partner | 01 Apr 2024 | 2 Years 6 Months | Current |
| Mukesh Sevantilal Shah Also directs: Anand Tradelink Pvt Ltd | Designated Partner | 20 Feb 2026 | 0 Years 7 Months | Current |
Ownership and Shareholding of Midas Polychem LLP
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Midas Polychem LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 May 2024 | The Hongkong and Shanghai Banking Corporation Limited | ₹9.9 Cr | Open |
| 05 May 2023 | Hdfc Bank Limited | ₹5 Cr | Open |
| 31 Mar 2022 | Hdfc Bank Limited | ₹10 Cr | Open |
| 30 Sep 2014 | Hdfc Bank Limited | ₹62 Cr | Open |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Midas Polychem LLP
Employment history and EPFO contributions of people linked to Midas Polychem.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Midas Polychem LLP
Midas Polychem LLP has 11 designated partner changes on record since 2022: 4 appointments and 7 cessations. The latest: Mukesh Sevantilal Shah was appointed as Designated Partner on 20 Feb 2026.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Midas Polychem LLP
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Midas Polychem LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Midas Polychem LLP
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Midas Polychem LLP
Midas Polychem has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAYFM9289K1Z4 | Gujarat | Active | 01 Jul 2017 |
| 27AAYFM9289K2ZX | Maharashtra | Active | 28 Jan 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Midas Polychem LLP
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Midas Polychem LLP
Midas Polychem is an active limited liability partnership based in Ahmedabad, Gujarat, India. The LLP works in wholesale, within the business services industry. It was incorporated on 09 July 2014 (12+ years old) and is registered under LLPIN AAC-4489.
Midas Polychem reported revenue of ₹157.09 Cr for FY 2023 (down 19% YoY).
Midas Polychem has 3 current designated partners:
- Renuka Pankaj Totla - Designated Partner
- Srujal Sanjaybhai Shah - Designated Partner
- Mukesh Sevantilal Shah - Designated Partner
Midas Polychem reported a net profit of ₹16.87 Lakh (net margin 0.1%) and EBITDA of ₹7.13 Cr (EBITDA margin 4.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Midas Polychem is 13% over three years and 14% over five years. In the latest year (FY 2023) revenue fell 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Midas Polychem is 24AAYFM9289K1Z4, registered in Gujarat. The LLP has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAYFM9289K2ZX (Maharashtra).
The LLPIN (Limited Liability Partnership Identification Number) of Midas Polychem is AAC-4489. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Midas Polychem was incorporated on 09 July 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mukesh Sevantilal Shah was appointed as Designated Partner on 20 Feb 2026. Sajani Bhaumik Shah ceased to be Designated Partner on 01 Apr 2024. Srujal Sanjaybhai Shah was appointed as Designated Partner on 01 Apr 2024. Midas Polychem has 11 designated partner changes on record in total.
The registered office of Midas Polychem is at 8 Ularia Sanathal Nr Pasoli Motors, Ahmedabad, Gujarat, India – 382210.