MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0009359
Micro Polyionics Private Limited - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹24.66 Cr
▼ 18% YoY
Net profit · FY 2024
₹2.4 Cr
Net margin 9.7%
EBITDA · FY 2024
₹3.74 Cr
EBITDA margin 15.2%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹34.4 Lakh
Issued & subscribed
Open charges
₹3.5 Cr
Satisfied ₹17.5 Lakh
Company age
21 yrs
Est. 2005
Employees · EPFO
16
Provident fund records
About Micro Polyionics Private Limited
Data last updated:
Micro Polyionics Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 16 November 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24117GJ2005PTC047066. Its GSTIN is 24AAECM4457A1ZV (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹34.4 Lakh. It is led by directors including Alpesh Natwarlal Shah and Sushil Santram Malhotra.
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 Plot No.262 Opp. Road No.2 G.I.D.C. Kathwada, Ahmedabad, Gujarat, India – 382430.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.66 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹2.4 Cr (net margin 9.7%) and EBITDA of ₹3.74 Cr (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 9% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.5 Cr and satisfied charges of ₹17.5 Lakh on record. Court records list 11 cases involving the company, including 9 filed by the company and 2 filed against it; 4 cases are pending.
Micro Polyionics Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0009359). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mvisionprojects.com.
Company details
CIN U24117GJ2005PTC047066
Registration Number 047066
Incorporation Date 16 November 2005
ROC Ahmedabad
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 Small
Udyam Registration UDYAM-GJ-01-0009359
Key People
Alpesh Natwarlal Shah Director Sushil Santram Malhotra Director Nikhil Sushilkumar Malhotra Director Recognitions & Rankings of Micro Polyionics
Contact details
Micro Polyionics Private Limited's registered office is in Ahmedabad, Gujarat. Its website is mvisionprojects.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No.262 Opp. Road No.2 G.I.D.C. Kathwada, Ahmedabad, Gujarat, India – 382430
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Micro Polyionics Private Limited, buy the company report.
Comprehensive company report
Micro Polyionics 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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Business activity
The main business activity of Micro Polyionics is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Micro Polyionics Private Limited, buy the company report.
Financials of Micro Polyionics Private Limited
FY 2025 filings availableMicro Polyionics Private Limited reported revenue of ₹24.66 Cr (down 18% YoY) for FY 2024.
Revenue · FY 2024
₹24.66 Cr ▼ 18%
Net profit · FY 2024
₹2.4 Cr margin 9.7%
EBITDA · FY 2024
₹3.74 Cr margin 15.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 24%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 54%
5 years · compounded
▲ 17%
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA rose 29% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹3.74 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.4 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.2% | ||||
| Net Profit Margin | 9.7% | ||||
| 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 Micro Polyionics Private Limited, buy the company report.
Board of directors of Micro Polyionics Private Limited
Micro Polyionics has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alpesh Natwarlal Shah | Director | 16 Nov 2005 | 20 Years 11 Months | Current |
| Sushil Santram Malhotra | Director | 16 Nov 2005 | 20 Years 11 Months | Current |
| Nikhil Sushilkumar Malhotra | Director | 16 Jul 2019 | 7 Years 3 Months | Current |
Peer comparison
Micro Polyionics Private Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 3Ak Chemie Private Limited | ₹24.9 Cr (FY 2024) | 33.0% | Hyderabad, Telangana, India | |||
| Tara Mercantile Private Limited | ₹24.87 Cr (FY 2025) | -8.0% | Delhi, India | |||
| Sonal Plasrub Industries Private Limited | ₹24.74 Cr (FY 2024) | -10.0% | Mumbai, Maharashtra, India | |||
| Narendra Explosives Limited | ₹24.67 Cr (FY 2024) | 190.0% | Delhi, India | |||
| Micro Polyionics Private Limitedthis company | ₹24.66 Cr (FY 2024) | ₹2.4 Cr | 9.7% | -18.0% | 16 | Ahmedabad, Gujarat, India |
| Wyko International Private Limited | ₹24.63 Cr (FY 2025) | 20.0% | Jalandhar, Punjab, India | |||
| Sesha Sai Chemicals Private Limited | ₹24.51 Cr (FY 2025) | -36.0% | Telangana, India | |||
| Tanisha Resins Private Limited | ₹24.45 Cr (FY 2025) | -1.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Micro Polyionics Private Limited, buy the company report.
Auditor
Micro Polyionics Private Limited is audited by ATUL DALAL & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ATUL DALAL & CO | FY 2021 | 100760W |
Shareholding
The shareholding of Micro Polyionics Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Micro Polyionics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.5 Cr
Satisfied charges
₹17.5 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2006 | 80045657 | Bank of Baroda | ₹1.75 Cr | Open | |
| 18 Mar 2006 | 80045658 | Bank of Baroda | ₹1.75 Cr | Open | |
| 15 Jun 2020 | 100348484 | Others | ₹17.5 Lakh | Satisfied |
To see the full charge records of Micro Polyionics Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Micro Polyionics Private Limited has 11 court cases on record: 9 filed by Micro Polyionics, 2 filed against it. 4 cases are pending and 7 are disposed.
Total cases
11
Filed by the company
9
Filed against the company
2
Pending
4
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 0 | 2 |
| High courts | 2 | 2 | 2 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (CR.RA) | Filed against the company by Axiom Chemicals and Technologies Pvt. Ltd. and 7 others | Pending |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed by the company against Fedders Lloyd Corporation Ltd. and 1 other | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Aquarius H 20 Dynamics Pvt. Ltd. and 2 others | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Axiom Chemicals and Tech. Pvt Ltd and 3 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against M/S Niranjan Roy | Disposed |
To see the full case history of Micro Polyionics 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
No delayed payments to MSME suppliers are on our record for Micro Polyionics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Micro Polyionics Private Limited has a workforce of 16 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
16
Active EPFO establishments
1
Employee growth
-5.88%
GST
Micro Polyionics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECM4457A1ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Micro Polyionics Private Limited, buy the company report.
Recent activity
Micro Polyionics Private Limited has 5 board changes on record since 2005: 3 appointments and 2 cessations. The latest: Nikhil Sushilkumar Malhotra ceased to be Additional Director on 30 Sep 2019.
AGM
Micro Polyionics Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Micro Polyionics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 15 Jun 2020 via Charge ID 100348484 with Others was fully satisfied on 07 Sep 2021.
Charges
A charge with Others amounted to Rs. 17.50 Lakh with Charge ID 100348484 was registered on 15 Jun 2020.
Ceased
Nikhil Sushilkumar Malhotra ceased to be Additional Director.
Ceased
Lalit Devshankar Shukla ceased to be Director.
Appointed
Nikhil Sushilkumar Malhotra was appointed as Director.
Charges
A charge with Bank Of Baroda of Rs. 175.00 Lakh registered on 24 Mar 2006 with Charge ID 80045657 was modified on 02 Jul 2015.
Charges
A charge with Bank Of Baroda of Rs. 175.38 Lakh registered on 18 Mar 2006 with Charge ID 80045658 was modified on 18 Apr 2014.
Charges
A charge with Bank Of Baroda amounted to Rs. 175.00 Lakh with Charge ID 80045657 was registered on 24 Mar 2006.
Charges
A charge with Bank Of Baroda amounted to Rs. 175.38 Lakh with Charge ID 80045658 was registered on 18 Mar 2006.
Appointed
Alpesh Natwarlal Shah was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Micro Polyionics is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 16 November 2005 (21+ years old) and is registered under CIN U24117GJ2005PTC047066.
Micro Polyionics has 3 current directors:
- Alpesh Natwarlal Shah - Director
- Sushil Santram Malhotra - Director
- Nikhil Sushilkumar Malhotra - Director
The latest financial statements of Micro Polyionics 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 GSTIN of Micro Polyionics is 24AAECM4457A1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of Micro Polyionics is U24117GJ2005PTC047066. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Micro Polyionics has 11 court cases on record: 9 filed by the company and 2 filed against it. 4 are pending. Most are in the district courts.
Micro Polyionics was incorporated on 16 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Micro Polyionics by revenue are 3Ak Chemie Private Limited, Tara Mercantile Private Limited, Sonal Plasrub Industries Private Limited, Narendra Explosives Limited, Wyko International Private Limited and 2 more, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Nikhil Sushilkumar Malhotra ceased to be Additional Director on 30 Sep 2019. Lalit Devshankar Shukla ceased to be Director on 16 Jul 2019. Nikhil Sushilkumar Malhotra was appointed as Director on 16 Jul 2019. Micro Polyionics has 5 board changes on record in total.
Yes, Micro Polyionics is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0009359).
Micro Polyionics can be reached through the website mvisionprojects.com. Its registered office is in Ahmedabad, Gujarat, India.