About Muscan Polymers Private Limited
Data last updated:
Muscan Polymers Private Limited is a private limited company based in Bhiwandi, Maharashtra, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 14 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH2020PTC347882. Its GSTIN is 27AANCM9073D1Z4 (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Dhairya Bharat Shah and Nisha Bharat Shah.
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 H.No. 1374/C Gala 1 2nd Floor Building E – 6 Shri Arihant Complex Kalher, Bhiwandi, Maharashtra, India – 421302.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.71 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹6.45 Lakh (net margin 1%) and EBITDA of ₹45.47 Lakh (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 193% over three years.
As per MCA filings, the company has open charges of ₹1.49 Cr on record.
For more details, the company can be reached via its website muscanpolymers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressH.No. 1374/C Gala 1 2nd Floor Building E – 6 Shri Arihant Complex Kalher, Bhiwandi, Maharashtra, India – 421302
- IndustryManufacturing, Plastic-Based Products
- 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
Business Activity of Muscan Polymers Private Limited
The main business activity of Muscan 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Muscan Polymers Private Limited FY 2025 filings available
Muscan Polymers Private Limited reported revenue of ₹6.71 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Muscan Polymers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 193% over three years, including 21% growth in the latest year. EBITDA fell 12% 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 Muscan Polymers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹45.47 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.45 Lakh | •••• | •••• | •••• | •••• |
| 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 of Muscan Polymers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 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 Muscan Polymers are in the company report.
Financial statements from FY 2021
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.
Peer Comparison of Muscan Polymers Private Limited
Muscan Polymers Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Industrial Chemicals, Industrial Packaging, Polymers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Packme Industries Private Limited | ₹6.75 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Vithal Udyognagar, Gujarat, India |
| Caprolactam Chemicals Limited Listed | ₹6.75 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Mahad, Maharashtra, India |
| Gyp India Plaster Private Limited | ₹6.74 Cr (FY 2025) | •••• | •••• | 100.0% | •••• | Delhi, India |
| Vivan Life Sciences Private Limited | ₹6.74 Cr (FY 2024) | •••• | •••• | -23.0% | •••• | Thane, Maharashtra, India |
| Vasant Polymers and Chemicals Private Limited | ₹6.73 Cr (FY 2024) | •••• | •••• | 1923.0% | •••• | Mumbai, Maharashtra, India |
| Muscan Polymers Private Limited this company | ₹6.71 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Bhiwandi, Maharashtra, India |
| Aquila Polymers Private Limited | ₹6.7 Cr (FY 2024) | •••• | •••• | 128.0% | •••• | Chennai, Tamil Nadu, India |
| Raj Packwell Limited | ₹6.7 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Indore, Madhya Pradesh, India |
| LN Solvents Private Limited | ₹6.69 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Bangalore, Karnataka, India |
| Baba Polymers Private Limited | ₹6.68 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Uttar Dinajpur, West Bengal, India |
| Rudraksh Laminates Private Limited | ₹6.67 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Muscan Polymers by revenue in the Chemicals industry (Industrial Chemicals, Industrial Packaging, Polymers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Muscan Polymers Private Limited
Muscan Polymers Private Limited is audited by Hardik Vora and Associates for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Hardik Vora and Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Muscan Polymers Private Limited
Muscan Polymers has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhairya Bharat Shah | Director | 14 Oct 2020 | 5 Years 11 Months | Current |
| Nisha Bharat Shah Also directs: Muscan Polycontainers Limited | Director | 14 Oct 2020 | 5 Years 11 Months | Current |
Ownership and Shareholding of Muscan Polymers Private Limited
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 Muscan Polymers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Oct 2024 | Others | ₹1 Cr | Open |
| 04 Jun 2024 | Others | ₹49.09 Lakh | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Muscan Polymers Private Limited
Muscan Polymers Private Limited has a workforce of 0 employees as of Apr 07, 2024.
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 Muscan Polymers Private Limited
Muscan Polymers Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Dhairya Bharat Shah was appointed as Director on 14 Oct 2020.
Credit Ratings, Litigation & Regulatory Alerts for Muscan Polymers Private Limited
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 Muscan Polymers Private Limited
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 Muscan Polymers Private Limited
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 Muscan Polymers Private Limited
Muscan Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCM9073D1Z4 | Maharashtra | Active | 20 Nov 2020 |
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 Muscan Polymers Private Limited
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 Muscan Polymers Private Limited
Muscan Polymers is an active private limited company based in Bhiwandi, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 14 October 2020 (6+ years old) and is registered under CIN U25209MH2020PTC347882.
Muscan Polymers reported revenue of ₹6.71 Cr for FY 2025 (up 21% YoY).
Muscan Polymers has 2 current directors:
- Dhairya Bharat Shah - Director
- Nisha Bharat Shah - Director
Muscan Polymers reported a net profit of ₹6.45 Lakh (net margin 1%) and EBITDA of ₹45.47 Lakh (EBITDA margin 6.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Muscan Polymers is 193% over three years. In the latest year (FY 2025) revenue rose 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Muscan Polymers is 27AANCM9073D1Z4, registered in Maharashtra.
The CIN (Corporate Identification Number) of Muscan Polymers is U25209MH2020PTC347882. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Muscan Polymers was incorporated on 14 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Muscan Polymers by revenue are Packme Industries Private Limited, Caprolactam Chemicals Limited, Gyp India Plaster Private Limited, Vivan Life Sciences Private Limited, Vasant Polymers and Chemicals Private Limited and 5 more, all in the Chemicals industry (Industrial Chemicals, Industrial Packaging, Polymers).
Dhairya Bharat Shah was appointed as Director on 14 Oct 2020. Nisha Bharat Shah was appointed as Director on 14 Oct 2020.
Muscan Polymers can be reached through the website muscanpolymers.com. Its registered office is in Bhiwandi, Maharashtra, India.