Pioneer Polyleathers Private Limited

Pioneer Polyleathers Private Limited - manufacturing in Kichha, Uttarakhand, India. FY 2026 financials & compliance.
CIN U17303UT2005PTC015905 Incorporated 28 March 2005 ROC Uttarakhand HQ Kichha, Uttarakhand, India
Active Private Limited Company manufacturing
Data last updated
Revenue · FY 2023
₹312.86 Cr
▲ 17% YoY
Net profit · FY 2023
₹10.39 Cr
Net margin 3.3%
EBITDA · FY 2023
₹25.64 Cr
EBITDA margin 8.2%
Authorised capital
₹22.7 Cr
Registered with MCA
Paid-up capital
₹12.49 Cr
Issued & subscribed
Open charges
₹195 Cr
Satisfied ₹285.38 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
299
Provident fund records

About Pioneer Polyleathers Private Limited

Data last updated:

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 U17303UT2005PTC015905
Registration Number 015905
Incorporation Date 28 March 2005
ROC Uttarakhand
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

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.

CINStatus
U17303UT2005PTC015905Current
U17303DL2005PTC134427Previous
U17303DL2005PLC134427Previous

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
  • Registered Address
    Plot Nos. 43 44 53 54 74 75 & 76, Sector – 4 Iie Pant Nagar Rudrapur District U.S. Nagar, Kichha, Uttarakhand, India – 263153
  • Industry
    Manufacturing, Plastic-Based Products

To see the full contact details of Pioneer Polyleathers Private Limited, buy the company report.

Comprehensive company report
Pioneer Polyleathers Private Limited - one report that includes everything
  • 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
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Brands

Pioneer Polyleathers operates one associated brand: Pioneer Polyleathers. Each brand links to its own profile.

BrandDescriptionWebsite
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 codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic 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 available

Pioneer Polyleathers Private Limited reported revenue of ₹312.86 Cr (up 17% YoY) for FY 2023.

Revenue · FY 2023
₹312.86 Cr ▲ 17%
Net profit · FY 2023
₹10.39 Cr margin 3.3%
EBITDA · FY 2023
₹25.64 Cr margin 8.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 17%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▲ 72%
3 years · compounded
▲ 7%
5 years · compounded
▼ 10%

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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 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
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin8.2%
Net Profit Margin3.3%
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

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.

Current Directors
NameDesignationAppointment DateTenureStatus
Vaibhav KapurDirector30 Dec 20214 Years 9 MonthsCurrent
Monica KapurDirector10 Feb 20206 Years 8 MonthsCurrent
Vijai KapurManaging Director04 Mar 200917 Years 7 MonthsCurrent
Sudhir Kumar AgarwalDirector21 Dec 201510 Years 10 MonthsCurrent

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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Pioneer Polyleathers Private Limitedthis company₹312.86 Cr (FY 2023)₹10.39 Cr3.3%17.0%299Kichha, 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 firmFinancial yearFirm registration number
MANOJ KAPOOR & CO.FY 2023085782

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 categoryFY 2023FY 2022FY 2021FY 2020FY 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

Open charges
₹195 Cr
Satisfied charges
₹285.38 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹100.00 Cr
Axis Bank Limited₹60.00 Cr
Others₹35.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
04 Mar 2023100687088Hdfc Bank Limited₹40 CrOpen
24 Nov 2022100654425Axis Bank Limited₹30 CrOpen
24 Aug 2022100634143Axis Bank Limited₹30 CrOpen
28 Feb 2022100563890Others₹35 CrOpen
20 Apr 2019100257859Hdfc Bank Limited₹60 CrOpen

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.

Total deals
12
Funding rounds
6
Secondary share transfers
6
Disclosed funding
₹72.89 Cr

Deals on record (5 of 12)

WhenDealAmountParties
Mar 2024Secondary share transferUndisclosedSeller: an individual
May 2022Secondary share transferUndisclosedSeller: 4 individuals
Dec 2021Funding round₹49.95 CrInvestors: Azure Decor Private Limited , Stanchart Impex Private Limited , 2 individuals
Jun 2015Secondary share transferUndisclosedBuyer: Azure Decor Private Limited , 3 individuals
Seller: 4 individuals
Dec 2010Funding round₹2 CrInvestors: 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.

Credit ratings & regulatory alerts

Pioneer Polyleathers Private Limited was last rated by Icra on 18 Nov 2021.

Rating agencyRated onRating
Icra18 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)

SupplierAmount dueDue sinceReported 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.

Employee count
299
Active EPFO establishments
1
Employee growth
7.55%

GST

Pioneer Polyleathers has 15 GST registrations: 6 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
15
Active
6
Cancelled / inactive
9
GSTINStateStatusRegistered on
05AADCP6436B1ZSUttarakhandActive01 Jul 2017
07AADCP6436B1ZODelhiActive01 Jul 2017
09AADCP6436B1ZKUttar PradeshActive12 Jul 2017
19AADCP6436B1ZJWest BengalActive01 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.

AGM
Pioneer Polyleathers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 28 Feb 2022 via Charge ID 100563885 with Others was fully satisfied on 28 Jul 2025.
Filing
Pioneer Polyleathers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Uttarakhand.
Charges
A charge with Others of Rs. 35.00 Cr registered on 28 Feb 2022 with Charge ID 100563890 was modified on 12 Sep 2024.
Ceased
Kanika Gupta ceased to be Company Secretary.
Charges
A charge with Others of Rs. 10.00 Cr registered on 28 Feb 2022 with Charge ID 100563885 was modified on 13 Dec 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 40.00 Cr registered on 04 Mar 2023 with Charge ID 100687088 was modified on 18 Aug 2023.
Charges
A charge with Axis Bank Limited of Rs. 30.00 Cr registered on 24 Nov 2022 with Charge ID 100654425 was modified on 18 Aug 2023.
Ceased
Sugriv Kumar Aggarwal ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 40.00 Cr with Charge ID 100687088 was registered on 04 Mar 2023.
Charges
A charge registered on 17 Jul 2017 via Charge ID 100115254 with Others was fully satisfied on 07 Dec 2022.
Charges
A charge registered on 07 Mar 2016 via Charge ID 100036380 with Others was fully satisfied on 07 Dec 2022.

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:

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.