About Oval Polycoats Private Limited
Data last updated:
Oval Polycoats Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 05 July 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U28920PN2002PTC017123. Its GSTIN is 27AAACO5206B1Z0 (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8 Lakh. It was formerly known as Sagar Consultancy Services Pvt Ltd. It is led by directors including Chandravadan Vitthaldas Biyani and Riddhi Nitin Bondre.
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 146/A Pirangut Talukahavali Dist Pune, Maharashtra, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹22.61 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.94 Lakh (net margin 8.6%) and EBITDA of ₹3.28 Lakh (EBITDA margin 14.5%). Revenue has grown at a compounded annual rate (CAGR) of 76% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹1.95 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ovalpolycoats.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address146/A Pirangut Talukahavali Dist Pune, Maharashtra, India
- IndustryManufacturing, Paint & Coatings
- 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 Oval Polycoats Private Limited
The main business activity of Oval Polycoats is manufacturing. In detail, this covers manufacture of chemicals and chemical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 20 | Manufacture of chemicals and chemical 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 Oval Polycoats Private Limited FY 2025 filings available
Oval Polycoats Private Limited reported revenue of ₹22.61 Lakh (up 784% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Oval Polycoats Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 784% growth in the latest year. EBITDA rose 280% 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 Oval Polycoats 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 | ₹3.28 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.94 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 Oval Polycoats Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.6% | •••• | •••• | •••• | •••• |
| 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 Oval Polycoats are in the company report.
Financial statements from 2015
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 Oval Polycoats Private Limited
Oval Polycoats Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paints, Specialty Chemicals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Healmark India Limited | ₹23.29 Lakh (FY 2017) | •••• | •••• | 44.0% | •••• | Delhi, India |
| SPS Coatings Private Limited | ₹23.1 Lakh (FY 2024) | •••• | •••• | -21.0% | •••• | Thane, Maharashtra, India |
| Matawala Mercantile Private Limited | ₹22.95 Lakh (FY 2022) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
| Vantex Paints Private Limited | ₹22.86 Lakh (FY 2022) | •••• | •••• | -83.0% | •••• | Delhi, India |
| Lakshmi Paint Works Pvt Ltd | ₹22.62 Lakh (FY 2024) | •••• | •••• | -4.0% | •••• | Kolkata, West Bengal, India |
| Oval Polycoats Private Limited this company | ₹22.61 Lakh (FY 2025) | •••• | •••• | 784.0% | •••• | Pune, Maharashtra, India |
| Aditya Birla Speciality Chemicals Private Limited | ₹22.55 Lakh (FY 2025) | •••• | •••• | 1146.0% | •••• | Mumbai, Maharashtra, India |
| Septimo Chemicals Private Limited | ₹22.33 Lakh (FY 2023) | •••• | •••• | 21.0% | •••• | Satara, Maharashtra, India |
| Asterix Pigments and Paints Private Limited | ₹22.13 Lakh (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Benaka Oils & Fats Private Limited | ₹21.97 Lakh (FY 2021) | •••• | •••• | -23.0% | •••• | Bangalore, Karnataka, India |
| Cementolime Sustainable Coatings Private Limited | ₹21.86 Lakh (FY 2025) | •••• | •••• | •••• | Ratan Lal Nagar, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Oval Polycoats by revenue in the Manufacturing industry (Paints, Specialty Chemicals), 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 Oval Polycoats Private Limited
Oval Polycoats Private Limited is audited by G.D.KULKARNI & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G.D.KULKARNI & 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 Oval Polycoats Private Limited
Oval Polycoats has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandravadan Vitthaldas Biyani | Director | 01 Jul 2004 | 22 Years 3 Months | Current |
| Riddhi Nitin Bondre | Director | 29 Jan 2015 | 11 Years 8 Months | Current |
| Sushil Bharti Anand | Director | 29 Jan 2015 | 11 Years 8 Months | Current |
Ownership and Shareholding of Oval Polycoats 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 Oval Polycoats Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Aug 2008 | The Saraswat Co - Operative Bank Ltd | ₹70 Lakh | Open |
| 02 Aug 2008 | The Saraswat Co-Operative Bank Limited | ₹1 Cr | Open |
| 18 Dec 2004 | Mahesh Sahakari Bank Ltd. | ₹25 Lakh | Open |
Total charge records: 3 View all charges
Legal Cases of Oval Polycoats Private Limited
Oval Polycoats Private Limited has 5 court cases on record: 2 filed by Oval Polycoats, 3 filed against it. All cases are disposed. Status as checked between 02 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 3 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company by Alphagam Coating Solutions Private Limited | Disposed |
| High Court of Karnataka | Court case (OSA) | Filed against the company by Alphagam Coating Solutions Private Limited | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against Alphagam Coating Solutions Private Limited | Disposed |
| High Court of Karnataka | Court case (COP) | Filed by the company against Alphagam Coating Solutions Private Limited | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Oval Polycoats Private Limited
Employment history and EPFO contributions of people linked to Oval Polycoats.
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 Oval Polycoats Private Limited
Oval Polycoats Private Limited has 10 board changes on record since 2004: 3 appointments and 7 cessations. The latest: Riddhi Nitin Bondre ceased to be Additional Director on 30 Sep 2015.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Oval Polycoats 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 Oval Polycoats 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 Oval Polycoats 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 Oval Polycoats Private Limited
Oval Polycoats has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACO5206B1Z0 | Maharashtra | Active | 01 Jul 2017 |
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 Oval Polycoats 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 Oval Polycoats Private Limited
Oval Polycoats is an active private limited company based in Pune, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 05 July 2002 (24+ years old) and is registered under CIN U28920PN2002PTC017123.
Oval Polycoats reported revenue of ₹22.61 Lakh for FY 2025 (up 784% YoY).
Oval Polycoats has 3 current directors:
- Chandravadan Vitthaldas Biyani - Director
- Riddhi Nitin Bondre - Director
- Sushil Bharti Anand - Director
Oval Polycoats reported a net profit of ₹1.94 Lakh (net margin 8.6%) and EBITDA of ₹3.28 Lakh (EBITDA margin 14.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Oval Polycoats is 76% over three years and 4% over five years. In the latest year (FY 2025) revenue rose 784%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Oval Polycoats is 27AAACO5206B1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Oval Polycoats is U28920PN2002PTC017123. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Oval Polycoats has 5 court cases on record: 2 filed by the company and 3 filed against it.
Oval Polycoats was incorporated on 05 July 2002, making it 24+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Oval Polycoats by revenue are Healmark India Limited, SPS Coatings Private Limited, Matawala Mercantile Private Limited, Vantex Paints Private Limited, Lakshmi Paint Works Pvt Ltd and 5 more, all in the Manufacturing industry (Paints, Specialty Chemicals).
Riddhi Nitin Bondre ceased to be Additional Director on 30 Sep 2015. Sushil Bharti Anand ceased to be Additional Director on 30 Sep 2015. Ramnik Behl ceased to be Director on 29 Jan 2015. Oval Polycoats has 10 board changes on record in total.