MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-DL-01-0001468
Pioneer Polymers Pvt Ltd.
Pioneer Polymers Pvt Ltd. - consumer electronics & durables in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.67 Cr
▲ 55% YoY
Net profit · FY 2024
₹30.83 Lakh
Net margin 4.6%
EBITDA · FY 2024
₹1.02 Cr
EBITDA margin 15.4%
Authorised capital
₹1.1 Cr
Registered with MCA
Paid-up capital
₹1.05 Cr
Issued & subscribed
Open charges
₹5.42 Cr
Satisfied ₹8.52 Cr
Company age
38 yrs
Est. 1988
Directors on board
2
As per MCA filings
About Pioneer Polymers Pvt Ltd.
Data last updated:
Pioneer Polymers Pvt Ltd. is a private limited company based in Delhi, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 02 May 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U25209DL1988PTC031493. Its GSTIN is 07AAACP5932B1ZS (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹1.05 Cr. It is led by directors Kanwal Bhalla and Pranit Bhalla.
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 House No. 15 Kh. No. 96/27 Ground Floor Guru Gobind Singh Marg Tibiya College New Roh, Tak Road, Delhi, India – 110005.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.67 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net profit of ₹30.83 Lakh (net margin 4.6%) and EBITDA of ₹1.02 Cr (EBITDA margin 15.4%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 75% over five years.
As per MCA filings, the company has open charges of ₹5.42 Cr and satisfied charges of ₹8.52 Cr on record. Court records list 7 cases involving the company, including 1 filed by the company and 6 filed against it; 2 cases are pending.
Pioneer Polymers Pvt Ltd. is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-01-0001468). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U25209DL1988PTC031493
Registration Number 031493
Incorporation Date 02 May 1988
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-DL-01-0001468
Key People
Kanwal Bhalla Director Pranit Bhalla Director Recognitions & Rankings of Pioneer Polymers
Contact details
Pioneer Polymers Pvt Ltd.'s registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressHouse No. 15 Kh. No. 96/27 Ground Floor Guru Gobind Singh Marg Tibiya College New Roh, Tak Road, Delhi, India – 110005
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Pioneer Polymers Pvt Ltd., buy the company report.
Comprehensive company report
Pioneer Polymers Pvt Ltd. - 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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Business activity
The main business activity of Pioneer Polymers is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Pioneer Polymers Pvt Ltd., buy the company report.
Financials of Pioneer Polymers Pvt Ltd.
FY 2025 filings availablePioneer Polymers Pvt Ltd. reported revenue of ₹6.67 Cr (up 55% YoY) for FY 2024.
Revenue · FY 2024
₹6.67 Cr ▲ 55%
Net profit · FY 2024
₹30.83 Lakh margin 4.6%
EBITDA · FY 2024
₹1.02 Cr margin 15.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 55%
3 years · compounded
▲ 46%
5 years · compounded
▲ 75%
EBITDA CAGR growth
1 year
▲ 142%
3 years · compounded
▲ 74%
5 years · compounded
▲ 46%
Revenue has grown at a compounded annual rate (CAGR) of 75% over five years, including 55% growth in the latest year. EBITDA rose 142% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.83 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.4% | ||||
| Net Profit Margin | 4.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Pioneer Polymers Pvt Ltd., buy the company report.
Board of directors of Pioneer Polymers Pvt Ltd.
Pioneer Polymers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanwal Bhalla | Director | 10 Jan 2007 | 19 Years 9 Months | Current |
| Pranit Bhalla Also directs: Setz Voice LLP | Director | 01 Sep 2017 | 9 Years 2 Months | Current |
Auditor
Pioneer Polymers Pvt Ltd. is audited by RAVI K. SHARMA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAVI K. SHARMA & ASSOCIATES | FY 2023 | 025035N |
Shareholding
The shareholding of Pioneer Polymers Pvt Ltd. 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 Polymers Pvt Ltd., buy the company report.
Charges & borrowings
Open charges
₹5.42 Cr
Satisfied charges
₹8.52 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2023 | 100832582 | Hdfc Bank Limited | ₹41.77 Lakh | Open | |
| 15 Jun 2023 | 100824722 | Hdfc Bank Limited | ₹50 Lakh | Open | |
| 27 Apr 2010 | 10220143 | State Bank of India | ₹4.5 Cr | Open | |
| 20 Feb 2006 | 90333923 | Oriental Bank of Commerce | ₹75 Lakh | Satisfied | |
| 20 Aug 2002 | 90333426 | Oriental Bank of Commerce | ₹7.77 Cr | Satisfied |
To see the full charge records of Pioneer Polymers Pvt Ltd., buy the company report.
Total charge records: 5 View all charges
Legal cases
Pioneer Polymers Pvt Ltd. has 7 court cases on record: 1 filed by Pioneer Polymers, 6 filed against it. 2 cases are pending and 5 are disposed.
Total cases
7
Filed by the company
1
Filed against the company
6
Pending
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 2 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Commercial suit | Filed against the company by an individual | Pending |
| District court, Central, Delhi | Court case (RCA DJ) | Filed by the company against an individual | Pending |
| District court, Central, Delhi | Execution petition | Filed against the company by an individual | Disposed |
| District court, Central, Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Disposed |
To see the full case history of Pioneer Polymers Pvt Ltd., 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
Pioneer Polymers Pvt Ltd. has 2 MSME Form 1 returns on record between 2016 and 2019, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Voyy Electronics Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Pioneer Polymers Pvt Ltd., buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Pioneer Polymers has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACP5932B1ZS | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pioneer Polymers Pvt Ltd., buy the company report.
Recent activity
Pioneer Polymers Pvt Ltd. has 4 board changes on record since 2007: 2 appointments and 2 cessations. The latest: Manish Bhalla ceased to be Director on 01 Feb 2018.
AGM
Pioneer Polymers Pvt Ltd. last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Pioneer Polymers Pvt Ltd. has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi I.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.42 Cr with Charge ID 100832582 was registered on 23 Oct 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100824722 was registered on 15 Jun 2023.
Ceased
Manish Bhalla ceased to be Director.
Ceased
Pranit Bhalla ceased to be Additional Director.
Appointed
Pranit Bhalla was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 4.50 Cr with Charge ID 10220143 was registered on 27 Apr 2010.
Charges
A charge registered on 20 Feb 2006 via Charge ID 90333923 with Oriental Bank Of Commerce was fully satisfied on 15 Feb 2010.
Charges
A charge registered on 20 Aug 2002 via Charge ID 90333426 with Oriental Bank Of Commerce was fully satisfied on 15 Feb 2010.
Appointed
Kanwal Bhalla was appointed as Director.
Charges
A charge with Oriental Bank Of Commerce of Rs. 7.77 Cr registered on 20 Aug 2002 with Charge ID 90333426 was modified on 21 Feb 2006.
3 earlier events are in the company report.
Frequently asked questions
Pioneer Polymers is an active private limited company based in Delhi, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 02 May 1988 (38+ years old) and is registered under CIN U25209DL1988PTC031493.
Pioneer Polymers has 2 current directors:
- Kanwal Bhalla - Director
- Pranit Bhalla - Director
The latest financial statements of Pioneer Polymers 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 Polymers is 07AAACP5932B1ZS, registered in Delhi. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Pioneer Polymers is U25209DL1988PTC031493. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pioneer Polymers has 7 court cases on record: 1 filed by the company and 6 filed against it. 2 are pending.
Pioneer Polymers was incorporated on 02 May 1988, making it 38+ years old. It is registered with the Registrar of Companies, Delhi.
Manish Bhalla ceased to be Director on 01 Feb 2018. Pranit Bhalla ceased to be Additional Director on 30 Sep 2017. Pranit Bhalla was appointed as Director on 01 Sep 2017. Pioneer Polymers has 4 board changes on record in total.
Yes, Pioneer Polymers is registered as a micro enterprise under Udyam registration (number: UDYAM-DL-01-0001468).
Pioneer Polymers has 2 MSME Form 1 returns on record between 2016 and 2019, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 08 Jun 2019.
The registered office of Pioneer Polymers is at House No. 15 Kh. No. 9627 Ground Floor Guru Gobind Singh Marg Tibiya College New Roh, Tak Road, Delhi, India – 110005.
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