About Pioneer Polyleathers Private Limited
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Pioneer Polyleathers Private Limited is a private limited company based in Kichha, Uttarakhand, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 28 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Uttarakhand, under CIN U17303UT2005PTC015905. Its GSTIN is 05AADCP6436B1ZS (Uttarakhand). The company holds 15 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹22.7 Cr and a paid-up capital of ₹12.49 Cr. It was formerly known as Pioneer Polyleathers Limited. It is led by directors including Vijai Kapur (Managing Director) and Vaibhav Kapur.
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 Kichha, Uttarakhand.
As per the financials filed for FY 2023, the company reported a revenue of ₹312.86 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹10.39 Cr (net margin 3.3%) and EBITDA of ₹25.64 Cr (EBITDA margin 8.2%). Revenue has declined at a compounded annual rate (CAGR) of 2% over five years.
The company has about 299 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Pioneer Polyleathers. As per MCA filings, the company has open charges of ₹195 Cr and satisfied charges of ₹285.38 Cr on record. Court records list 87 cases involving the company, including 74 filed by the company and 13 filed against it; 50 cases are pending. The company has 12 deals on record (6 funding rounds, 6 secondary share transfers), with disclosed funding of ₹72.89 Cr; the latest was in March 2024. Its 5 peer companies in the Manufacturing industry (Industrial Packaging, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 2 smaller; the largest is Samruddhi Industries Limited with revenue of ₹192.15 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 4 overdue payments to 4 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 pioneerflex.in.
Company details
CIN history
Pioneer Polyleathers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U17303UT2005PTC015905, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17303UT2005PTC015905 | Current |
| U17303DL2005PTC134427 | Previous |
| U17303DL2005PLC134427 | Previous |
Contact details
Pioneer Polyleathers Private Limited's registered office is in Kichha, Uttarakhand. Its website is pioneerflex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot Nos. 43 44 53 54 74 75 & 76, Sector – 4 Iie Pant Nagar Rudrapur District U.S. Nagar, Kichha, Uttarakhand, India – 263153
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Pioneer Polyleathers 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
Brands
Pioneer Polyleathers operates one associated brand: Pioneer Polyleathers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| PVC processing, signage, decorative films, and industrial products manufacturing in India. | pioneerflex.in |
Business activity
The main business activity of Pioneer Polyleathers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| 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 |
To see the full business activity and turnover split of Pioneer Polyleathers Private Limited, buy the company report.
Financials of Pioneer Polyleathers Private Limited
FY 2025 filings availablePioneer Polyleathers Private Limited reported revenue of ₹312.86 Cr (up 17% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 17% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 72% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹312.86 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹25.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.39 Cr | ||||
| 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 3.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Pioneer Polyleathers Private Limited, buy the company report.
Board of directors of Pioneer Polyleathers Private Limited
Pioneer Polyleathers has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaibhav Kapur Also directs: Stanchart Impex Private Limited | Director | 30 Dec 2021 | 4 Years 9 Months | Current |
| Monica Kapur | Director | 10 Feb 2020 | 6 Years 8 Months | Current |
| Vijai Kapur Also directs: G.K. Winding Wires Limited, Stanchart Impex Private Limited | Managing Director | 04 Mar 2009 | 17 Years 7 Months | Current |
| Sudhir Kumar Agarwal | Director | 21 Dec 2015 | 10 Years 10 Months | Current |
Peer comparison
Pioneer Polyleathers Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Industrial Packaging, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pioneer Polyleathers Private Limitedthis company | ₹312.86 Cr (FY 2023) | ₹10.39 Cr | 3.3% | 17.0% | 299 | Kichha, Uttarakhand, India |
| Samruddhi Industries Limited | ₹192.15 Cr (FY 2025) | -3.0% | Sangli, Maharashtra, India | |||
| Pranij Heights India Private Limited | ₹190.21 Cr (FY 2025) | 14.0% | Hisar, Haryana, India | |||
| Bharat Technoplast Private Limited | ₹189.86 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| DLJM Houseware Private Limited | ₹187.73 Cr (FY 2025) | 18.0% | Noida, Uttar Pradesh, India | |||
| Pegma Resources Private Limited | ₹187.25 Cr (FY 2025) | 29.0% | Beawar, Rajasthan, India |
To see the full peer comparison of Pioneer Polyleathers Private Limited, buy the company report.
Auditor
Pioneer Polyleathers Private Limited is audited by MANOJ KAPOOR & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANOJ KAPOOR & CO. | FY 2023 | 085782 |
Shareholding
The shareholding of Pioneer Polyleathers 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pioneer Polyleathers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Mar 2023 | 100687088 | Hdfc Bank Limited | ₹40 Cr | Open | |
| 24 Nov 2022 | 100654425 | Axis Bank Limited | ₹30 Cr | Open | |
| 24 Aug 2022 | 100634143 | Axis Bank Limited | ₹30 Cr | Open | |
| 28 Feb 2022 | 100563890 | Others | ₹35 Cr | Open | |
| 20 Apr 2019 | 100257859 | Hdfc Bank Limited | ₹60 Cr | Open |
To see the full charge records of Pioneer Polyleathers Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Pioneer Polyleathers Private Limited has 12 deals on record (6 funding rounds, 6 secondary share transfers), with disclosed funding of ₹72.89 Cr; the latest was in March 2024.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: an individual |
| May 2022 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Dec 2021 | Funding round | ₹49.95 Cr | Investors: Azure Decor Private Limited , Stanchart Impex Private Limited , 2 individuals |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Azure Decor Private Limited , 3 individuals Seller: 4 individuals |
| Dec 2010 | Funding round | ₹2 Cr | Investors: Azure Decor Private Limited , 2 individuals |
To see the full deal history of Pioneer Polyleathers Private 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
Pioneer Polyleathers Private Limited has 87 court cases on record: 74 filed by Pioneer Polyleathers, 13 filed against it. 50 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 78 | 9 | 48 |
| High courts | 8 | 3 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 87)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed by the company against Ms Rajsan Packaging and Adhesives LLP and Other | Pending |
| High Court, UTTARAKHAND | Court case (WPMS) | Filed against the company by Uttarakhand Power Corporation Limited | Pending |
| District court, Central, Delhi | Court case (Counter Claim) | Filed by the company against Bablani Aircon Pvt Ltd | Disposed |
| District court, South East, Delhi | Criminal case | Filed by the company against M/S Utopia Exim Pvt Ltd | Disposed |
| District court, South East, Delhi | Appeal | Filed against the company by an individual | Pending |
To see the full case history of Pioneer Polyleathers 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.
Credit ratings & regulatory alerts
Pioneer Polyleathers Private Limited was last rated by Icra on 18 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Nov 2021 |
To see the full credit ratings and regulatory alerts of Pioneer Polyleathers Private Limited, buy the company report.
MSME payment delays
Pioneer Polyleathers Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 4 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Khera Organo Chemicals LLP | |||
| Sar Global Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Pioneer Polyleathers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Pioneer Polyleathers Private Limited has a workforce of 299 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Pioneer Polyleathers has 15 GST registrations: 6 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AADCP6436B1ZS | Uttarakhand | Active | 01 Jul 2017 |
| 07AADCP6436B1ZO | Delhi | Active | 01 Jul 2017 |
| 09AADCP6436B1ZK | Uttar Pradesh | Active | 12 Jul 2017 |
| 19AADCP6436B1ZJ | West Bengal | Active | 01 Apr 2018 |
To see the full GST registrations and return filing status of Pioneer Polyleathers Private Limited, buy the company report.
Recent activity
Pioneer Polyleathers Private Limited has 14 board changes on record since 2009: 4 appointments and 10 cessations. The latest: Kanika Gupta ceased to be Company Secretary on 14 Feb 2024.
36 earlier events are in the company report.
Frequently asked questions
Pioneer Polyleathers is an active private limited company based in Kichha, Uttarakhand, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 28 March 2005 (21+ years old) and is registered under CIN U17303UT2005PTC015905.
Pioneer Polyleathers has 4 current directors:
- Vijai Kapur - Managing Director
- Vaibhav Kapur - Director
- Monica Kapur - Director
- Sudhir Kumar Agarwal - Director
The latest financial statements of Pioneer Polyleathers 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 Pioneer Polyleathers is 05AADCP6436B1ZS, registered in Uttarakhand. The company has 15 GST registrations in all, of which 6 are active and 9 are cancelled or inactive. Other active GSTINs include 07AADCP6436B1ZO (Delhi), 09AADCP6436B1ZK (Uttar Pradesh), 19AADCP6436B1ZJ (West Bengal).
The CIN (Corporate Identification Number) of Pioneer Polyleathers is U17303UT2005PTC015905. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pioneer Polyleathers has 87 court cases on record: 74 filed by the company and 13 filed against it. 50 are pending. Most are in the district courts.
Pioneer Polyleathers was incorporated on 28 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Uttarakhand.
Pioneer Polyleathers has 12 deals on record (6 funding rounds, 6 secondary share transfers), with disclosed funding of ₹72.89 Cr; the latest was in March 2024.
The peers of Pioneer Polyleathers by revenue are Samruddhi Industries Limited, Pranij Heights India Private Limited, Bharat Technoplast Private Limited, DLJM Houseware Private Limited, Pegma Resources Private Limited, all in the Manufacturing industry (Industrial Packaging, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Kanika Gupta ceased to be Company Secretary on 14 Feb 2024. Sugriv Kumar Aggarwal ceased to be Director on 31 Mar 2023. Vaibhav Kapur ceased to be Additional Director on 02 May 2022. Pioneer Polyleathers has 14 board changes on record in total.
Pioneer Polyleathers has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 4 overdue payments to 4 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Pioneer Polyleathers can be reached through the website pioneerflex.in. Its registered office is in Kichha, Uttarakhand, India.