About P.I.P. Polymers Private Limited
Data last updated:
P.I.P. Polymers Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 07 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24139TN2004PTC053179. Its GSTIN is 33AADCP4936G1ZI (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Asha Agarwal and Pawan Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.41/3 Pip House 1st Floor Vellalar Mugappair West, Chennai, Tamil Nadu, India – 600037.
As per the financials filed for FY 2024, the company reported a revenue of ₹135.93 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹4.33 Cr (net margin 3.2%) and EBITDA of ₹6.35 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 13% over five years.
As per MCA filings, the company has open charges of ₹21 Cr and satisfied charges of ₹9.25 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company. The company has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹9 Lakh; the latest was in March 2022. Its 10 peer companies in the Chemicals industry (Polymers) are compared by revenue, 5 larger and 5 smaller; the largest is Bhumi Polymers Private Limited with revenue of ₹141.71 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pippolymers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo.41/3 Pip House 1st Floor Vellalar Mugappair West, Chennai, Tamil Nadu, India – 600037
- IndustryTrading, Wholesale, Other Wholesale
- 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 P.I.P. Polymers Private Limited
The main business activity of P.I.P. Polymers is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 P.I.P. Polymers Private Limited FY 2024 filings available
P.I.P. Polymers Private Limited reported revenue of ₹135.93 Cr (down 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of P.I.P. Polymers Private Limited
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 4% 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 P.I.P. Polymers Private Limited
| 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 | ₹6.35 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.33 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 of P.I.P. Polymers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| 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 P.I.P. Polymers 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 P.I.P. Polymers Private Limited
P.I.P. Polymers Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Polymers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bhumi Polymers Private Limited | ₹141.71 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Kotda Sangani, Gujarat, India |
| Rentex Polymers Private Limited | ₹140.82 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Delhi, India |
| Siddharth Polymers Private Limited | ₹140.64 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| Kaycee Polymers Private Limited | ₹138.26 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | New Delhi, Delhi, India |
| Soham Polymers Private Limited | ₹137.56 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Thane, Maharashtra, India |
| P.I.P. Polymers Private Limited this company | ₹135.93 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Chennai, Tamil Nadu, India |
| Dugar Polymers Limited | ₹135.33 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Surat, Gujarat, India |
| Buildtek Polymers Private Limited | ₹134.44 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Bangalore, Karnataka, India |
| Nuevo Polymers Private Limited | ₹132.84 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Gurgaon, Haryana, India |
| Moksh Polymers Private Limited | ₹132.1 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Bangalore, Karnataka, India |
| Vinayakam Polymers India Private Limited | ₹128.89 Cr (FY 2023) | •••• | •••• | -35.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below P.I.P. Polymers by revenue in the Chemicals industry (Polymers), 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 P.I.P. Polymers Private Limited
P.I.P. Polymers Private Limited is audited by M.C. MEHTA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M.C. MEHTA & CO | 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 P.I.P. Polymers Private Limited
P.I.P. Polymers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asha Agarwal | Director | 07 May 2004 | 22 Years 5 Months | Current |
| Pawan Agarwal | Director | 07 May 2004 | 22 Years 5 Months | Current |
Ownership and Shareholding of P.I.P. Polymers 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 P.I.P. Polymers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jan 2018 | Others | ₹21 Cr | Open |
| 18 Jul 2006 | Others | ₹9.25 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of P.I.P. Polymers Private Limited
P.I.P. Polymers Private Limited has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹9 Lakh; the latest was in March 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Rights issue | ₹90 Lakh | Investors: 2 individuals |
| Aug 2009 | Funding round | ₹9 Lakh | Investors: 2 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of P.I.P. Polymers Private Limited
P.I.P. Polymers Private Limited has 6 court cases on record: 6 filed by P.I.P. Polymers. All cases are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Tiruvallur, Tamil Nadu | Civil suit | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Sunflix Industries | Disposed |
| District court, Tiruvallur, Tamil Nadu | Civil suit | Filed by the company against an individual | Disposed |
Full case history
All 6 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 P.I.P. Polymers Private Limited
Employment history and EPFO contributions of people linked to P.I.P. Polymers.
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 P.I.P. Polymers Private Limited
P.I.P. Polymers Private Limited has 4 board changes on record since 2004: 2 appointments and 2 cessations. The latest: Asha Agarwal ceased to be Managing Director on 01 Nov 2021.
Credit Ratings, Litigation & Regulatory Alerts for P.I.P. Polymers 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 P.I.P. Polymers 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 P.I.P. Polymers 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 P.I.P. Polymers Private Limited
P.I.P. Polymers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCP4936G1ZI | Tamil Nadu | Active | 01 Jul 2017 |
| 29AADCP4936G1Z7 | Karnataka | 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 P.I.P. Polymers 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 P.I.P. Polymers Private Limited
P.I.P. Polymers is an active private limited company based in Chennai, Tamil Nadu, India. The company works in wholesale, within the trading industry. It was incorporated on 07 May 2004 (22+ years old) and is registered under CIN U24139TN2004PTC053179.
P.I.P. Polymers reported revenue of ₹135.93 Cr for FY 2024 (down 4% YoY).
P.I.P. Polymers has 2 current directors:
- Asha Agarwal - Director
- Pawan Agarwal - Director
P.I.P. Polymers reported a net profit of ₹4.33 Cr (net margin 3.2%) and EBITDA of ₹6.35 Cr (EBITDA margin 4.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of P.I.P. Polymers is 13% over three years and 13% over five years. In the latest year (FY 2024) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of P.I.P. Polymers is 33AADCP4936G1ZI, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AADCP4936G1Z7 (Karnataka).
The CIN (Corporate Identification Number) of P.I.P. Polymers is U24139TN2004PTC053179. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
P.I.P. Polymers has 6 court cases on record: 6 filed by the company.
P.I.P. Polymers was incorporated on 07 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
P.I.P. Polymers has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹9 Lakh; the latest was in March 2022.
The peers of P.I.P. Polymers by revenue are Bhumi Polymers Private Limited, Rentex Polymers Private Limited, Siddharth Polymers Private Limited, Kaycee Polymers Private Limited, Soham Polymers Private Limited and 5 more, all in the Chemicals industry (Polymers).