India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,673 Arjun Jindal & family ₹1,100 Cr
Revenue · FY 2024
₹909.12 Cr
▲ 5% YoY
Net profit · FY 2024
₹39.9 Cr
Net margin 4.4%
EBITDA · FY 2024
₹67.01 Cr
EBITDA margin 7.4%
Authorised capital
₹26 Cr
Registered with MCA
Paid-up capital
₹24.31 Cr
Issued & subscribed
Open charges
₹208.39 Cr
Satisfied ₹277.71 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
216
Provident fund records
About Machino Polymers Limited
Data last updated:
Machino Polymers Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 30 September 1996 and has been in existence for over 30 years.
Its director Arjun Jindal and family are #1,673 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U25201WB1996PLC230863. Its GSTIN is 06AABCM9618E1ZJ (Haryana). The company holds 11 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹26 Cr and a paid-up capital of ₹24.31 Cr. It was formerly known as Machino Montell India Limited and Machino-Basell India Limited. It is led by directors including Arjun Jindal (Managing Director) and Rajesh Duggal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 8A Alipore Road Kolkata West Bengal – 700027, West Bengal, India – 700027.
As per the financials filed for FY 2024, the company reported a revenue of ₹909.12 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹39.9 Cr (net margin 4.4%) and EBITDA of ₹67.01 Cr (EBITDA margin 7.4%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 8% over five years.
The company has about 216 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Machino Polymers. As per MCA filings, the company has open charges of ₹208.39 Cr and satisfied charges of ₹277.71 Cr on record. Court records list 71 cases involving the company, including 53 filed by the company and 18 filed against it; 8 cases are pending. The company has 28 deals on record (25 secondary share transfers, 3 funding rounds), with disclosed funding of ₹14.2 Cr; the latest was in January 2019. Its 3 peer companies in the Automobiles industry (Auto Ancillary, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 1 smaller; the largest is Atc Tires Ap Private Limited with revenue of ₹929.62 Cr. The company has 17 MSME Form 1 returns on record between 2019 and 2024, listing 1,421 overdue payments to 65 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 machinopolymers.com.
Company Details of Machino Polymers Limited
CIN U25201WB1996PLC230863
Registration Number 230863
Incorporation Date 30 September 1996
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Name History
Machino Polymers has undergone 2 name changes throughout its history. The company was previously known as Machino Montell India Limited, and Machino-Basell India Limited. The current legal name is Machino Polymers Limited.
| Company Name | Status |
|---|---|
| Machino Polymers Limited | Current |
| Machino Montell India Limited | Previous |
| Machino-Basell India Limited | Previous |
CIN History
Machino Polymers has one previous CIN (Corporate Identification Number): U25201HR1996PLC033306. The current CIN is U25201WB1996PLC230863, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25201WB1996PLC230863 | Current |
| U25201HR1996PLC033306 | Previous |
Recognitions & Rankings of Machino Polymers
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address8A Alipore Road Kolkata West Bengal – 700027, West Bengal, India – 700027
- IndustryAutomotive, Auto Parts & Components
Comprehensive company report
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- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
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- Legal cases, compliance and MCA filings
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Associated Brands
Machino Polymers operates one associated brand: Machino Polymers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Polypropylene composite materials and alloys are manufactured by Machino Polymers Limited for the automotive industry in India. | machinopolymers.com |
Business Activity
The main business activity of Machino Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Machino Polymers Limited
FY 2024 filings availableMachino Polymers Limited reported revenue of ₹909.12 Cr (up 5% YoY) for FY 2024.
Revenue · FY 2024
₹909.12 Cr ▲ 5%
Net profit · FY 2024
₹39.9 Cr margin 4.4%
EBITDA · FY 2024
₹67.01 Cr margin 7.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 31%
5 years · compounded
▲ 8%
EBITDA CAGR growth
3 years · compounded
▲ 51%
5 years · compounded
▲ 8%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 5% growth 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| 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 | ₹67.01 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹39.9 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 7.4% | |
| Net Profit Margin | 4.4% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2019-20 to FY 2022-23, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Machino Polymers are in the company report.
: available in the company report
Board of Directors of Machino Polymers Limited
Machino Polymers has 8 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Sethi Also directs: Machino Polymers India Private Limited, J. K. Cement Limited., Heritage Finlease Limited and 1 more | Director | 16 Aug 2018 | 8 Years 2 Months | Current |
| Arjun Jindal Also directs: Machino Polymers India Private Limited, Machino Media Private Limited, Machino Finance Pvt Ltd and 5 more | Managing Director | 16 Jan 2007 | 19 Years 9 Months | Current |
| Rajesh Duggal | Whole-Time Director | 20 Jun 2021 | 5 Years 4 Months | Current |
| Shradha Jindal | Director | 30 Mar 2015 | 11 Years 6 Months | Current |
| Asesh Jyoti Dutta Also directs: Machino Polymers India Private Limited, Machino Techno Sales Limited, Apeejay Tea Limited and 5 more | Director | 01 Sep 2009 | 17 Years 1 Months | Current |
| Anoop Chaturvedi Also directs: Jay Ushin Limited | Director | 25 Apr 2023 | 3 Years 5 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer Comparison
Machino Polymers Limited is compared with the companies closest to it by revenue in the Automobiles industry (Auto Ancillary, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Atc Tires Ap Private Limited | ₹929.62 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Anakapalle, Andhra Pradesh, India |
| Ralson (India) Limited | ₹924.8 Cr (FY 2021) | •••• | •••• | 16.0% | •••• | Ludhiana, Punjab, India |
| Machino Polymers Limited this company | ₹909.12 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Kolkata, West Bengal, India |
| Track Components Limited | ₹906.62 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
Peers are the companies nearest to Machino Polymers by revenue, above and below it, in the Automobiles industry (Auto Ancillary, 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. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Machino Polymers Limited is audited by J.C. Bhalla & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J.C. Bhalla & Co. | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Open charges
₹208.39 Cr
Satisfied charges
₹277.71 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Apr 2025 | Hdfc Bank Limited | ₹1.45 Cr | Open |
| 20 Mar 2024 | Yes Bank Limited | ₹35 Cr | Open |
| 02 May 2023 | Axis Bank Limited | ₹35 Lakh | Open |
| 26 Apr 2022 | Others | ₹35 Cr | Open |
| 08 Jan 2021 | Hdfc Bank Limited | ₹26.29 Lakh | Open |
Total charge records: 23 View all charges
Deals & Funding
Machino Polymers Limited has 28 deals on record (25 secondary share transfers, 3 funding rounds), with disclosed funding of ₹14.2 Cr; the latest was in January 2019.
Total deals
28
Secondary share transfers
25
Funding rounds
3
Disclosed funding
₹14.2 Cr
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Funding round | ₹4.5 Cr | Investors: Machino Media Private Limited |
| Feb 2015 | Funding round | ₹4.5 Cr | Investors: Machino Techno Sales Limited |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Grupo Antolin Chakan Private Limited |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: Machino Finance Pvt Ltd , an individual Seller: Grupo Antolin Chakan Private Limited |
| Jul 2010 | Secondary share transfer | Undisclosed | Buyer: Machino Transport Priavte Limited, Machino Finance Pvt Ltd , 2 individuals Seller: Machino Plastics Limited, an individual |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Machino Polymers Limited has 71 court cases on record: 53 filed by Machino Polymers, 18 filed against it. 8 cases are pending and 63 are disposed.
Total cases
71
Filed by the company
53
Filed against the company
18
Pending
8
Disposed
63
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 40 | 3 | 3 |
| High courts | 16 | 5 | 1 |
| NCLAT | 9 | 9 | 4 |
| NCLT | 6 | 1 | 0 |
Cases on record (5 of 71)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against M/S Plast Technology India Pvt Ltd and 2 others | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by Machino Finance Pvt.Ltd | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Machino Finance Pvt.Ltd | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against M/S Deltronix India Ltd | Pending |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed against the company by M/S. Daejung Moparts Pvt. Ltd. | Pending |
: available in 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
Machino Polymers Limited has 17 MSME Form 1 returns on record between 2019 and 2024, listing 1,421 overdue payments to 65 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 65)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Shivanta JD Talc India Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Machino Polymers Limited has a workforce of 216 employees as of Apr 06, 2024.
Employee count
216
Active EPFO establishments
1
Employee growth
11.34%
: available in the company report
Recent Activity
Machino Polymers Limited has 27 board changes on record since 2007: 9 appointments and 18 cessations. The latest: Ratanlal Gaggar ceased to be Director on 05 Apr 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.45 Cr with Charge ID 101099040 was registered on 28 Apr 2025.
Charges
A charge registered on 30 Mar 2009 via Charge ID 10155129 with Allahabad Bank was fully satisfied on 29 Jan 2025.
Charges
A charge with Yes Bank Limited of Rs. 35.00 Cr registered on 20 Mar 2024 with Charge ID 100888650 was modified on 17 Jan 2025.
Charges
A charge registered on 27 May 2008 via Charge ID 10104209 with Standard Chartered Bank was fully satisfied on 10 Jan 2025.
AGM
Machino Polymers Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Ratanlal Gaggar ceased to be Director.
Filing
Machino Polymers Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Charges
A charge with Others of Rs. 35.00 Cr registered on 26 Apr 2022 with Charge ID 100577999 was modified on 28 Mar 2024.
Charges
A charge with Yes Bank Limited amounted to Rs. 35.00 Cr with Charge ID 100888650 was registered on 20 Mar 2024.
Ceased
Anoop Chaturvedi ceased to be Additional Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.35 Cr with Charge ID 100726740 was registered on 02 May 2023.
Appointed
Anoop Chaturvedi was appointed as Director.
65 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Machino Polymers has 11 GST registrations: 8 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
8
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCM9618E1ZJ | Haryana | Active | 01 Jul 2017 |
| 24AABCM9618E1ZL | Gujarat | Active | 01 Jul 2017 |
| 27AABCM9618E1ZF | Maharashtra | Active | 01 Jul 2017 |
| 33AABCM9618E1ZM | Tamil Nadu | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Machino Polymers is an active public limited company based in Kolkata, West Bengal, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 30 September 1996 (30+ years old) and is registered under CIN U25201WB1996PLC230863.
Machino Polymers has 8 current directors:
- Arjun Jindal - Managing Director
- Rajesh Duggal - Whole-Time Director
- Rakesh Sethi - Director
- Shradha Jindal - Director
- Asesh Jyoti Dutta - Director
- Anoop Chaturvedi - Director
- Inala Veerabhadra Rao - Director
- Raman Venkat Challa - Director
The latest financial statements of Machino Polymers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Machino Polymers is 06AABCM9618E1ZJ, registered in Haryana. The company has 11 GST registrations in all, of which 8 are active and 3 are cancelled or inactive. Other active GSTINs include 24AABCM9618E1ZL (Gujarat), 27AABCM9618E1ZF (Maharashtra), 33AABCM9618E1ZM (Tamil Nadu).
The CIN (Corporate Identification Number) of Machino Polymers is U25201WB1996PLC230863. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Machino Polymers has 71 court cases on record: 53 filed by the company and 18 filed against it. 8 are pending. Most are in the district courts.
Machino Polymers was incorporated on 30 September 1996, making it 30+ years old. It is registered with the Registrar of Companies, Kolkata.
Machino Polymers has 28 deals on record (25 secondary share transfers, 3 funding rounds), with disclosed funding of ₹14.2 Cr; the latest was in January 2019.
The peers of Machino Polymers by revenue are Atc Tires Ap Private Limited, Ralson (India) Limited, Track Components Limited, all in the Automobiles industry (Auto Ancillary, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Ratanlal Gaggar ceased to be Director on 05 Apr 2024. Anoop Chaturvedi ceased to be Additional Director on 29 Sep 2023. Anoop Chaturvedi was appointed as Director on 25 Apr 2023. Machino Polymers has 27 board changes on record in total.
Machino Polymers has 17 MSME Form 1 returns on record between 2019 and 2024, listing 1,421 overdue payments to 65 micro and small suppliers. The latest return was filed on 22 Apr 2024.
Machino Polymers can be reached through the website machinopolymers.com. Its registered office is in Kolkata, West Bengal, India.