About Polar Elektric Limited
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Polar Elektric Limited is a public limited company based in Circus Avenue, West Bengal, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 23 December 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U28199WB2004PLC100818. Its GSTIN is 19AABCV9717D2Z4 (West Bengal). The company holds 19 GST registrations, of which 18 are active.
The company has an authorised share capital of ₹17.45 Cr and a paid-up capital of ₹14.5 Cr. It was formerly known as Vinsa Electricals Private Limited. It is led by directors including Kanishk Goyal (Managing Director) and Mohit Saluja.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Unit No. 8B & 8C 8th Floor, 23 Circus Avenue, West Bengal, India – 700017.
As per the financials filed for FY 2026, the company reported a revenue of ₹439.2 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹10.44 Cr (net margin 2.4%) and EBITDA of ₹51.77 Cr (EBITDA margin 11.8%). Revenue has grown at a compounded annual rate (CAGR) of 490% over three years and 375% over five years.
The company is associated with 1 brand: Polarelectric. As per MCA filings, the company has open charges of ₹203.38 Cr and satisfied charges of ₹35.29 Cr on record. Court records list 9 cases involving the company, including 9 filed by the company; 5 cases are pending. The company has 10 deals on record (8 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹9.66 Cr; the latest was in March 2017.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tentygroup.com.
Company details
CIN history
Polar Elektric has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U28199WB2004PLC100818, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28199WB2004PLC100818 | Current |
| U31909WB2004PLC100818 | Previous |
| U31909WB2004PTC100818 | Previous |
Contact details
Polar Elektric Limited's registered office is in Circus Avenue, West Bengal.
- Social Media
- Registered AddressUnit No. 8B & 8C 8th Floor, 23 Circus Avenue, West Bengal, India – 700017
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
- 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
Polar Elektric operates one associated brand: Polarelectric. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Home electrical appliances are manufactured by Polarelectric in India. | polarelectric.in |
Business activity
The main business activity of Polar Elektric is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Polar Elektric Limited, buy the company report.
Financials of Polar Elektric Limited
FY 2026 filings availablePolar Elektric Limited reported revenue of ₹439.2 Cr (up 4% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 375% over five years, including 4% growth in the latest year. EBITDA rose 59% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹439.2 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹51.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.44 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.8% | ||||
| Net Profit Margin | 2.4% | ||||
| 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 Polar Elektric Limited, buy the company report.
Board of directors of Polar Elektric Limited
Polar Elektric has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Saluja Also directs: Tenty Limited, Super Iron Foundry Ltd | Director | 31 Dec 2024 | 1 Years 10 Months | Current |
| Ashok Goyal Also directs: Tenty Limited | Director | 31 Dec 2024 | 1 Years 10 Months | Current |
| Kanishk Goyal Also directs: Tenty Limited | Managing Director | 25 Sep 2017 | 9 Years 1 Months | Current |
| Arani Guha Also directs: Shyama Computronics and Services Limited, Exim Finance Ltd, Pratap Synthetics Limited and 2 more | Director | 31 Dec 2024 | 1 Years 10 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2025 | 101175770 | Axis Bank Limited | ₹10.75 Cr | Open | |
| 21 Oct 2024 | 100990642 | State Bank of India | ₹5 Cr | Open | |
| 17 Aug 2024 | 100962848 | Others | ₹40.81 Cr | Open | |
| 30 Nov 2023 | 100829921 | Others | ₹15 Cr | Open | |
| 23 Nov 2023 | 100818076 | Tata Capital Financial Services Limited | ₹4 Cr | Open |
To see the full charge records of Polar Elektric Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Polar Elektric Limited has 10 deals on record (8 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹9.66 Cr; the latest was in March 2017.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Virat Leasing Limited, Jagadhatri Properties and Investments Pvt Ltd , an individual Seller: Ranks Fiscals Pvt Ltd , 3 individuals |
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: Ranks Fiscals Pvt Ltd Seller: Triface Moulders Private Limited |
| Nov 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Dolswap Business Private Limited , Tenty Limited , an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Rukmani Vintrade Private Limited Seller: an individual |
| Aug 2014 | Rights issue | ₹28.68 Cr | Investors: Ranks Fiscals Pvt Ltd , Rukmani Vintrade Private Limited , Dolswap Business Private Limited , an individual |
To see the full deal history of Polar Elektric 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
Polar Elektric Limited has 9 court cases on record: 9 filed by Polar Elektric. 5 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 3 |
| Supreme Court | 3 | 0 | 1 |
| High courts | 1 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SAS Nagar, Punjab | Appeal | Filed by the company against an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Lucky Express Cargos Private Limited | Pending |
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed by the company against an individual | Pending |
| High Court of Delhi | Writ petition | Filed by the company against State of NCT of Delhi and Anr | Pending |
| Supreme Court | Court case | Filed by the company against The State of West Bengal | Pending |
To see the full case history of Polar Elektric 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Polar Elektric Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Polar Elektric has 19 GST registrations: 18 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCV9717D2Z4 | West Bengal | Active | 09 Mar 2022 |
| 03AABCV9717D1ZI | Punjab | Active | 01 Jan 2025 |
| 05AABCV9717D1ZE | Uttarakhand | Active | 01 Jan 2025 |
| 18AABCV9717D1Z7 | Assam | Active | 01 Jan 2025 |
To see the full GST registrations and return filing status of Polar Elektric Limited, buy the company report.
Recent activity
Polar Elektric Limited has 12 board changes on record since 2017: 4 appointments and 8 cessations. The latest: Arani Guha was appointed as Director on 31 Dec 2024.
22 earlier events are in the company report.
Frequently asked questions
Polar Elektric is an active public limited company based in Circus Avenue, West Bengal, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 23 December 2004 (22+ years old) and is registered under CIN U28199WB2004PLC100818.
Polar Elektric has 4 current directors:
- Kanishk Goyal - Managing Director
- Mohit Saluja - Director
- Ashok Goyal - Director
- Arani Guha - Director
The latest financial statements of Polar Elektric on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Polar Elektric is 19AABCV9717D2Z4, registered in West Bengal. The company has 19 GST registrations in all, of which 18 are active and 1 is cancelled or inactive. Other active GSTINs include 03AABCV9717D1ZI (Punjab), 05AABCV9717D1ZE (Uttarakhand), 18AABCV9717D1Z7 (Assam).
The CIN (Corporate Identification Number) of Polar Elektric is U28199WB2004PLC100818. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polar Elektric has 9 court cases on record: 9 filed by the company. 5 are pending. Most are in the district courts.
Polar Elektric was incorporated on 23 December 2004, making it 22+ years old. It is registered with the Registrar of Companies, Kolkata.
Polar Elektric has 10 deals on record (8 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹9.66 Cr; the latest was in March 2017.
Arani Guha was appointed as Director on 31 Dec 2024. Ashok Goyal was appointed as Director on 31 Dec 2024. Mohit Saluja was appointed as Director on 31 Dec 2024. Polar Elektric has 12 board changes on record in total.
Polar Elektric can be reached through the website tentygroup.com. Its registered office is in Circus Avenue, West Bengal, India.
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