About Polad Finance Ltd
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Polad Finance Ltd is a public limited company based in Ahmedabad, Gujarat, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 20 June 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65910GJ1983PLC006307.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹6.21 Lakh. It is led by directors including Amit Dharmesh Somaiya and Ashok Purshottam Vithalani.
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 1 Indraprasth Business Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹82.97 Lakh. For the same year it recorded a net profit of ₹73.72 Lakh (net margin 88.9%) and EBITDA of ₹82.36 Lakh (EBITDA margin 99.3%).
As per MCA filings, the company has open charges of ₹3.9 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polad.net.
Company details
Contact details
Polad Finance Ltd's registered office is in Ahmedabad, Gujarat. Its website is polad.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGround Floor Shop No.1 Indraprasth Business Park Nr Dav School, Prahladnagar Extension Off. S.G. Highway Makarba, Ahmedabad, Gujarat, India – 380051
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Polad Finance Ltd, 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
Business activity
The main business activity of Polad Finance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
Financials of Polad Finance Ltd
FY 2025 filings availablePolad Finance Ltd reported revenue of ₹82.97 Lakh for FY 2024.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹82.36 Lakh | ||||
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| Net Profit (PAT) | ₹73.72 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 99.3% | ||||
| Net Profit Margin | 88.9% | ||||
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To see the full financial statements and ratios of Polad Finance Ltd, buy the company report.
Board of directors of Polad Finance Ltd
Polad Finance has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Dharmesh Somaiya | Director | 01 Mar 2001 | 25 Years 7 Months | Current |
| Ashok Purshottam Vithalani | Director | 11 Apr 1994 | 32 Years 6 Months | Current |
| Dharmesh Bhimji Somaiya Also directs: People Possible Foundation, Polad Traders Private Limited, Sap Infotech Private Limited and 3 more | Director | 12 Oct 1988 | 38 Years 0 Months | Current |
Auditor
Polad Finance Ltd is audited by M.R.PANDHI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.R.PANDHI & ASSOCIATES | FY 2023 | 112360W |
Shareholding
The shareholding of Polad Finance 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 Polad Finance Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 1999 | 90107776 | Union Bank of India | ₹3.4 Cr | Open | |
| 26 Mar 1997 | 90107613 | The Federal Babk Ltd. | ₹50 Lakh | Open |
To see the full charge records of Polad Finance Ltd, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Polad Finance Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Polad Finance Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Polad Finance Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Polad Finance Ltd has 4 board changes on record since 1988: 3 appointments and 1 cessation. The latest: Ashvin Vrundavan Harji Popat ceased to be Director on 18 Oct 2017.
Frequently asked questions
Polad Finance is an active public limited company based in Ahmedabad, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 20 June 1983 (43+ years old) and is registered under CIN U65910GJ1983PLC006307.
Polad Finance has 3 current directors:
- Amit Dharmesh Somaiya - Director
- Ashok Purshottam Vithalani - Director
- Dharmesh Bhimji Somaiya - Director
The latest financial statements of Polad Finance 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 CIN (Corporate Identification Number) of Polad Finance is U65910GJ1983PLC006307. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polad Finance was incorporated on 20 June 1983, making it 43+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ashvin Vrundavan Harji Popat ceased to be Director on 18 Oct 2017. Amit Dharmesh Somaiya was appointed as Director on 01 Mar 2001. Ashok Purshottam Vithalani was appointed as Director on 11 Apr 1994. Polad Finance has 4 board changes on record in total.
Polad Finance can be reached through the website polad.net. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Polad Finance is at Ground Floor Shop No.1 Indraprasth Business Park Nr Dav School, Prahladnagar Extension Off. S.G. Highway Makarba, Ahmedabad, Gujarat, India – 380051.
Polad Finance operates in the financial services industry, in the diversified financial services segment.
Polad Finance has open charges of ₹3.9 Cr and no satisfied charges on record as per latest MCA filings.
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