About Ravago Shah Polymers Private Limited
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Ravago Shah Polymers Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Koryfes Sa. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 28 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U25190KA2010PTC114311. Its GSTIN is 29AACCI5198J1Z0 (Karnataka). The company holds 10 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹28.54 Cr. It was formerly known as I.K Polymers (South) Private Limited and I K Polymers (South) Private Limited. It is led by directors including Abbas Asgarali Adenwala (Managing Director) and Pankaj Mulchand Latoria.
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 No.114/C 1st Cross 5th Main Opp Cmti (Service Road) Yeswanthpur Suburb, Bangalore, Karnataka, India – 560022.
As per the financials filed for FY 2025, the company reported a revenue of ₹598.3 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹55.08 Lakh (net margin 0.1%) and EBITDA of ₹9.82 Cr (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 6% over five years.
The company has about 70 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2 Lakh and satisfied charges of ₹2.38 Cr on record. Court records list 110 cases involving the company, including 103 filed by the company and 7 filed against it; 21 cases are pending. The company has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹1.25 Cr; the latest was in October 2019. The company has 4 MSME Form 1 returns on record between 2021 and 2024, listing 15 overdue payments to 8 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 ravagosp.com.
Company details
Name history
Ravago Shah Polymers has undergone 2 name changes throughout its history. The company was previously known as I.K Polymers (South) Private Limited, and I K Polymers (South) Private Limited. The current legal name is Ravago Shah Polymers Private Limited.
| Company Name | Status |
|---|---|
| Ravago Shah Polymers Private Limited | Current |
| I.K Polymers (South) Private Limited | Previous |
| I K Polymers (South) Private Limited | Previous |
CIN history
Ravago Shah Polymers has one previous CIN (Corporate Identification Number): U25190TN2010PTC078592. The current CIN is U25190KA2010PTC114311, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25190KA2010PTC114311 | Current |
| U25190TN2010PTC078592 | Previous |
Contact details
Ravago Shah Polymers Private Limited's registered office is in Bangalore, Karnataka. Its website is ravagosp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.114/C 1st Cross 5th Main Opp Cmti (Service Road) Yeswanthpur Suburb, Bangalore, Karnataka, India – 560022
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Ravago Shah Polymers Private 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
Business activity
The main business activity of Ravago Shah Polymers is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ravago Shah Polymers Private Limited, buy the company report.
Financials of Ravago Shah Polymers Private Limited
FY 2025 filings availableRavago Shah Polymers Private Limited reported revenue of ₹598.3 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 14% growth in the latest year. EBITDA rose 111% 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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| EBITDA | ₹9.82 Cr | ||||
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| Net Profit (PAT) | ₹55.08 Lakh | ||||
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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 | 1.6% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Ravago Shah Polymers Private Limited, buy the company report.
Board of directors of Ravago Shah Polymers Private Limited
Ravago Shah Polymers has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Mulchand Latoria Also directs: Ravago Manufacturing India Private Limited, Apex Techno Polymer Private Limited, Ravago Holding India Private Limited and 1 more | Director | 08 Mar 2024 | 2 Years 7 Months | Current |
| Greetje Maria L Van Comfort | Director | 08 Mar 2024 | 2 Years 7 Months | Current |
| Camille Isabelle V De Bruyn | Director | 08 Mar 2024 | 2 Years 7 Months | Current |
| Abbas Asgarali Adenwala Also directs: Apex Techno Tubes LLP | Managing Director | 01 Jul 2023 | 3 Years 3 Months | Current |
Auditor
Ravago Shah Polymers Private Limited is audited by Raghavan Chaudhuri and Narayanan for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Raghavan Chaudhuri and Narayanan | FY 2023 | 007761S |
Shareholding
The shareholding of Ravago Shah Polymers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | 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 Ravago Shah Polymers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2023 | 100708233 | Others | ₹2 Lakh | Satisfied | |
| 31 Dec 2015 | 100174998 | Hdfc Bank Limited | ₹9.95 Lakh | Satisfied | |
| 30 Nov 2015 | 100175001 | Hdfc Bank Limited | ₹13.97 Lakh | Satisfied | |
| 29 Oct 2015 | 100174915 | Hdfc Bank Limited | ₹12.1 Lakh | Satisfied | |
| 26 Nov 2012 | 10390679 | Standard Chartered Bank | ₹2 Cr | Satisfied |
To see the full charge records of Ravago Shah Polymers Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Ravago Shah Polymers Private Limited has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹1.25 Cr; the latest was in October 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2019 | Rights issue | ₹40 Cr | Investors: Ravago Distribution SA |
| Jul 2015 | Rights issue | ₹22.28 Cr | Investors: an individual |
| May 2014 | Rights issue | ₹1.98 Cr | Investors: 2 individuals |
| Aug 2013 | Funding round | ₹1.25 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ravago Shah Polymers Private Limited has 110 court cases on record: 103 filed by Ravago Shah Polymers, 7 filed against it. 21 cases are pending and 89 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 102 | 6 | 18 |
| High courts | 8 | 1 | 3 |
Cases on record (5 of 110)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Civil miscellaneous application | Filed by the company against M/S Jay Switches India Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Pras Filaments Private Limited and Ors | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S. Saksham Technologies | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Pras Filaments Private Limited and Ors | Disposed |
| High Court | Interim or miscellaneous application | Filed by the company against M/S Decon India Plastics Private Limited and 2 others | Disposed |
To see the full case history of Ravago Shah 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
Ravago Shah Polymers Private Limited has 4 MSME Form 1 returns on record between 2021 and 2024, listing 15 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Adp India Private Limited | |||
| VBM Supply Chain Solutions Private Limited | |||
| Express Cargo Containers | |||
| Associated Logistics Service | |||
| an individual supplier |
To see the full MSME payment records of Ravago Shah Polymers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ravago Shah Polymers Private Limited has a workforce of 70 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Ravago Shah Polymers has 10 GST registrations: 8 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCI5198J1Z0 | Karnataka | Active | 01 Jul 2017 |
| 06AACCI5198J1Z8 | Haryana | Active | 01 Jul 2017 |
| 24AACCI5198J1ZA | Gujarat | Active | 01 Jul 2017 |
| 27AACCI5198J1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ravago Shah Polymers Private Limited, buy the company report.
Recent activity
Ravago Shah Polymers Private Limited has 17 board changes on record since 2011: 4 appointments and 13 cessations. The latest: Camille Isabelle V De Bruyn ceased to be Additional Director on 29 Sep 2024.
18 earlier events are in the company report.
Frequently asked questions
Ravago Shah Polymers is an active private limited company based in Bangalore, Karnataka, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 28 December 2010 (16+ years old) and is registered under CIN U25190KA2010PTC114311.
Ravago Shah Polymers has 4 current directors:
- Abbas Asgarali Adenwala - Managing Director
- Pankaj Mulchand Latoria - Director
- Greetje Maria L Van Comfort - Director
- Camille Isabelle V De Bruyn - Director
The latest financial statements of Ravago Shah 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 2015 are in the company report.
The GSTIN of Ravago Shah Polymers is 29AACCI5198J1Z0, registered in Karnataka. The company has 10 GST registrations in all, of which 8 are active and 2 are cancelled or inactive. Other active GSTINs include 06AACCI5198J1Z8 (Haryana), 24AACCI5198J1ZA (Gujarat), 27AACCI5198J1Z4 (Maharashtra).
The CIN (Corporate Identification Number) of Ravago Shah Polymers is U25190KA2010PTC114311. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ravago Shah Polymers has 110 court cases on record: 103 filed by the company and 7 filed against it. 21 are pending. Most are in the district courts.
Ravago Shah Polymers was incorporated on 28 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Ravago Shah Polymers has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹1.25 Cr; the latest was in October 2019.
Camille Isabelle V De Bruyn ceased to be Additional Director on 29 Sep 2024. Greetje Maria L Van Comfort ceased to be Additional Director on 29 Sep 2024. Pankaj Mulchand Latoria ceased to be Additional Director on 29 Sep 2024. Ravago Shah Polymers has 17 board changes on record in total.
Ravago Shah Polymers has 4 MSME Form 1 returns on record between 2021 and 2024, listing 15 overdue payments to 8 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Ravago Shah Polymers can be reached through the website ravagosp.com. Its registered office is in Bangalore, Karnataka, India.