About Panama Poly Products Private Limited
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Panama Poly Products Private Limited is a private limited company based in Delhi, India. It operates in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 13 August 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1986PTC025088. Its GSTIN is 09AAACP0298E2ZG (Uttar Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹80 Lakh. It is led by directors Poornima Jain and Sanjay Jain.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 867 Kadipur, Delhi, India – 110036.
As per MCA filings, the company has open charges of ₹55.53 Cr and satisfied charges of ₹155.86 Cr on record. Court records list 24 cases involving the company, including 8 filed by the company and 16 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karefoam.com.
Company details
Contact details
Panama Poly Products Private Limited's registered office is in Delhi, Delhi. Its website is karefoam.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address867 Kadipur, Delhi, India – 110036
- IndustryConsumer Goods, Home Furnishings Manufacturing
To see the full contact details of Panama Poly Products 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
Financials of Panama Poly Products Private Limited
FY 2025 filings availablePanama Poly Products Private Limited reported revenue of ₹2,856 (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 75%. 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
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Financial Ratios
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To see the full financial statements and ratios of Panama Poly Products Private Limited, buy the company report.
Board of directors of Panama Poly Products Private Limited
Panama Poly Products has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Poornima Jain Also directs: Sortex Polymers Private Limited | Director | 29 Jul 2020 | 6 Years 3 Months | Current |
| Sanjay Jain | Director | 31 Jul 2017 | 9 Years 3 Months | Current |
Peer comparison
Panama Poly Products Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Home Furnishings Manufacturers), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Victorious Industries Private Limited | ₹5,609 (FY 2024) | -100.0% | New Delhi, Delhi, India | |||
| Panama Poly Products Private Limitedthis company | ₹2,856 (FY 2025) | 7.0% | Delhi, India | |||
| Times Furnishing Pvt Ltd | ₹2,500 (FY 2024) | -83.0% | Kolkata, West Bengal, India | |||
| Pooja Textorium Private Limited | ₹2,270 (FY 2025) | 3.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Panama Poly Products Private Limited, buy the company report.
Auditor
Panama Poly Products Private Limited is audited by Mittal Jindal & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mittal Jindal & Associates | FY 2022 | 01467N |
Shareholding
The shareholding of Panama Poly Products Private Limited is on record for 5 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 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Panama Poly Products Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2019 | 100263830 | Others | ₹60.05 Lakh | Open | |
| 01 Oct 2018 | 100207447 | Others | ₹11.58 Cr | Open | |
| 14 Sep 2015 | 10596166 | Bank of India | ₹7 Cr | Open | |
| 04 Nov 2014 | 10532469 | Kotak Mahindra Bank Limited | ₹25.05 Cr | Open | |
| 24 Jul 2014 | 10520859 | Syndicate Bank | ₹11 Cr | Open |
To see the full charge records of Panama Poly Products Private Limited, buy the company report.
Total charge records: 22 View all charges
Legal cases
Panama Poly Products Private Limited has 24 court cases on record: 8 filed by Panama Poly Products, 16 filed against it. 4 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 11 | 4 |
| High courts | 6 | 5 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by M/S Vimal Intertrade Pvt Ltd | Pending |
| High Court of Delhi | Writ petition | Filed against the company by Kotak Mahindra Bank Limited | Disposed |
| District court, kachchh at Bhuj, Gujarat | Court case (SMST S) | Filed against the company by Vimal Intertrade Pvt. Ltd. Through Dhrumil Ketan Shah | Disposed |
| District court, Ghaziabad, Uttar Pradesh | Court case (Original Suit) | Filed against the company by Vimal Intertrade Pvt.Ltd.-Dhrumil Ketan Shah | Disposed |
| District court, Ghaziabad, Uttar Pradesh | Court case (Original Suit) | Filed by the company against Kamp Mattresses Pvt. Ltd.-Pankaj Chauhan Narayanbhal | Disposed |
To see the full case history of Panama Poly Products 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 Panama Poly Products Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Panama Poly Products has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACP0298E2ZG | Uttar Pradesh | Active | 12 Nov 2018 |
To see the full GST registrations and return filing status of Panama Poly Products Private Limited, buy the company report.
Recent activity
Panama Poly Products Private Limited has 6 board changes on record since 2017: 2 appointments and 4 cessations. The latest: Poornima Jain ceased to be Additional Director on 31 Dec 2020.
41 earlier events are in the company report.
Frequently asked questions
Panama Poly Products is an active private limited company based in Delhi, India. The company works in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 13 August 1986 (40+ years old) and is registered under CIN U74899DL1986PTC025088.
Panama Poly Products has 2 current directors:
- Poornima Jain - Director
- Sanjay Jain - Director
The latest financial statements of Panama Poly Products on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Panama Poly Products is 09AAACP0298E2ZG, registered in Uttar Pradesh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Panama Poly Products is U74899DL1986PTC025088. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panama Poly Products has 24 court cases on record: 8 filed by the company and 16 filed against it. 4 are pending. Most are in the district courts.
Panama Poly Products was incorporated on 13 August 1986, making it 40+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Panama Poly Products by revenue are Victorious Industries Private Limited, Times Furnishing Pvt Ltd, Pooja Textorium Private Limited, all in the Consumer Products industry (Home Furnishings Manufacturers), with the same principal business activity (wholesale trading).
Poornima Jain ceased to be Additional Director on 31 Dec 2020. Poornima Jain was appointed as Director on 29 Jul 2020. Vijaya Jain ceased to be Director on 28 Jun 2020. Panama Poly Products has 6 board changes on record in total.
Panama Poly Products can be reached through the website karefoam.com. Its registered office is in Delhi, India.
The registered office of Panama Poly Products is at 867 Kadipur, Delhi, India – 110036.
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