About Polmann India Limited
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Polmann India Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 18 June 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25111MH1993PLC072458. Its GSTIN is 27AAACG1409N1ZM (Maharashtra). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Greenhorn Finance Ltd. It is led by directors including Vinodkumar Jagdishprasad Bhimrajka (Managing Director) and Amit Ganesh Prasad Bhimrajka (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 184 – B Maker Tower – E 18th Floor Cuffe Parade, Mumbai, Maharashtra, India – 400005.
As per the financials filed for FY 2024, the company reported a revenue of ₹508.29 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹34.07 Cr (net margin 6.7%) and EBITDA of ₹49.08 Cr (EBITDA margin 9.7%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 11% over five years.
The company has about 107 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Polmann India. As per MCA filings, the company has open charges of ₹68.38 Cr and satisfied charges of ₹14.02 Cr on record. Court records list 23 cases involving the company, including 20 filed by the company and 3 filed against it; 6 cases are pending. The company has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in March 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polmannindia.com.
Company details
CIN history
Polmann India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U25111MH1993PLC072458, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25111MH1993PLC072458 | Current |
| U65994MH1993PLC072458 | Previous |
| L65994MH1993PLC072458 | Previous |
Contact details
Polmann India Limited's registered office is in Mumbai, Maharashtra. Its website is polmannindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address184 – B Maker Tower – E 18th Floor Cuffe Parade, Mumbai, Maharashtra, India – 400005
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Polmann India Limited, buy the company report.
- 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
Brands
Polmann India operates one associated brand: Polmann India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Additives, Chemicals, Plastic, Rubber and Reinforcement | polmannindia.com |
Business activity
The main business activities of Polmann India are manufacturing and trade. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and retail trading. 2 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Polmann India Limited, buy the company report.
Financials of Polmann India Limited
FY 2024 filings availablePolmann India Limited reported revenue of ₹508.29 Cr (up 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 18% growth in the latest year. EBITDA rose 19% 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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| EBITDA | ₹49.08 Cr | ||||
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| Net Profit (PAT) | ₹34.07 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 9.7% | ||||
| Net Profit Margin | 6.7% | ||||
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To see the full financial statements and ratios of Polmann India Limited, buy the company report.
Board of directors of Polmann India Limited
Polmann India has 11 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Ganesh Prasad Bhimrajka | Whole-Time Director | 28 Jan 2002 | 24 Years 8 Months | Current |
| Rohan Vinod Bhimrajka | Whole-Time Director | 01 Apr 2007 | 19 Years 6 Months | Current |
| Siddharth Ganeshprasad Bhimrajka | Whole-Time Director | 29 Sep 1995 | 31 Years 0 Months | Current |
| Tanay Anoop Bhimrajka Also directs: Polmann Extrusions and Compounds Private Limited | Whole-Time Director | 16 Jan 2013 | 13 Years 9 Months | Current |
| Vasudev Krishnamurti Also directs: Kilitch Drugs (India) Limited., Sunjewels Private Limited | Director | 31 Aug 2017 | 9 Years 1 Months | Current |
| Ranbir Krishan Munilall Sharma | Director | 23 Mar 2015 | 11 Years 7 Months | Current |
Auditor
Polmann India Limited is audited by PVM & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PVM & Co. | FY 2023 | 145449W |
Shareholding
The shareholding of Polmann India Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Polmann India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 May 2024 | 100951894 | Hdfc Bank Limited | ₹1.38 Cr | Open | |
| 31 Oct 2018 | 100214702 | Hdfc Bank Limited | ₹22 Cr | Open | |
| 11 Nov 2008 | 10137017 | Citi Bank N.A. | ₹45 Cr | Open | |
| 27 Jul 2016 | 100050672 | Others | ₹6 Cr | Satisfied | |
| 12 Jul 2014 | 10511097 | Hdfc Bank Limited | ₹5 Cr | Satisfied |
To see the full charge records of Polmann India Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Polmann India Limited has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in March 2024.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Anoop Kumar J Bhimrajka HUF |
| Jul 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| May 2013 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Apr 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
To see the full deal history of Polmann India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Polmann India Limited has 23 court cases on record: 20 filed by Polmann India, 3 filed against it. 6 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 3 | 6 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by Polypet Flexible Packaging Pvt. Ltd. and 3 Ors @ Ma 2452/2022 and 3 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases SW) | Filed by the company against Polypet Flexible Packaging Private Limited and 3 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed against the company by Polypet Flexible Packaging Pvt. Ltd. and 3 Ors in Revn ----/2022 -- Applicants and 3 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against M/S. Lakhani India Ltd. and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against M/S Action Udhyog Pvt. Ltd. and 2 others | Disposed |
To see the full case history of Polmann India 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.
Credit ratings & regulatory alerts
Polmann India Limited was last rated by Crisil on 20 Jan 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 20 Jan 2021 |
To see the full credit ratings and regulatory alerts of Polmann India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Polmann India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Polmann India Limited has a workforce of 107 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Polmann India has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG1409N1ZM | Maharashtra | Active | 01 Jul 2017 |
| 06AAACG1409N1ZQ | Haryana | Active | 01 Jul 2017 |
| 19AAACG1409N1ZJ | West Bengal | Active | 01 Jul 2017 |
| 24AAACG1409N1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Polmann India Limited, buy the company report.
Recent activity
Polmann India Limited has 26 board changes on record since 1993: 11 appointments and 15 cessations. The latest: Rajkumari Ganeshprasad Bhimrajka ceased to be Additional Director on 29 Sep 2018.
31 earlier events are in the company report.
Frequently asked questions
Polmann India is an active public limited company based in Mumbai, Maharashtra, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 18 June 1993 (33+ years old) and is registered under CIN U25111MH1993PLC072458.
Polmann India has 11 current directors:
- Vinodkumar Jagdishprasad Bhimrajka - Managing Director
- Amit Ganesh Prasad Bhimrajka - Whole-Time Director
- Rohan Vinod Bhimrajka - Whole-Time Director
- Siddharth Ganeshprasad Bhimrajka - Whole-Time Director
- Tanay Anoop Bhimrajka - Whole-Time Director
- Dara Jehangir Bharucha - Whole-Time Director
- Vishnukumar Jagdishprasad Bhimrajka - Whole-Time Director
- Rajiv A Bhimrajka - Whole-Time Director
- Vasudev Krishnamurti - Director
- Ranbir Krishan Munilall Sharma - Director
- Rajkumari Ganeshprasad Bhimrajka - Director
The latest financial statements of Polmann India 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 Polmann India is 27AAACG1409N1ZM, registered in Maharashtra. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 06AAACG1409N1ZQ (Haryana), 19AAACG1409N1ZJ (West Bengal), 24AAACG1409N1ZS (Gujarat).
The CIN (Corporate Identification Number) of Polmann India is U25111MH1993PLC072458. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polmann India has 23 court cases on record: 20 filed by the company and 3 filed against it. 6 are pending.
Polmann India was incorporated on 18 June 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Polmann India has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in March 2024.
Rajkumari Ganeshprasad Bhimrajka ceased to be Additional Director on 29 Sep 2018. Jagmohanlal Chopra ceased to be Director on 11 Jul 2018. Rajkumari Ganeshprasad Bhimrajka was appointed as Director on 12 Apr 2018. Polmann India has 26 board changes on record in total.
Polmann India can be reached through the website polmannindia.com. Its registered office is in Mumbai, Maharashtra, India.