MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0030318
Polar Power Square Private Limited - energy and power in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.87 Cr
▼ 73% YoY
Net profit · FY 2025
₹12,326
Net margin 0%
EBITDA · FY 2025
₹21.89 Lakh
EBITDA margin 7.6%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Open charges
₹1.51 Cr
Satisfied ₹1.54 Cr
Company age
15 yrs
Est. 2011
Directors on board
3
As per MCA filings
About Polar Power Square Private Limited
Data last updated:
Polar Power Square Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 25 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29100GJ2011PTC065593. Its GSTIN is 24AAGCP0279D1ZO (Gujarat).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Pravinchandra Chandrakant Shah and Ketan Kanubhai Modi.
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 12 Panchvati Estate Near Memco Naroda Road Naroda, Ahmedabad, Gujarat, India – 380025.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.87 Cr, a decline of 73% compared to the previous year. For the same year it recorded a net profit of ₹12,326 (net margin 0%) and EBITDA of ₹21.89 Lakh (EBITDA margin 7.6%). Revenue has declined at a compounded annual rate (CAGR) of 37% over three years and 17% over five years.
The company is associated with 1 brand: Polarbattery. As per MCA filings, the company has open charges of ₹1.51 Cr and satisfied charges of ₹1.54 Cr on record.
Polar Power Square Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0030318). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polarbattery.in.
Company details
CIN U29100GJ2011PTC065593
Registration Number 065593
Incorporation Date 25 May 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0030318
Key People
Pravinchandra Chandrakant Shah Director Ketan Kanubhai Modi Director Sonalben Pravinchandra Shah Director Recognitions & Rankings of Polar Power Square
Contact details
Polar Power Square Private Limited's registered office is in Ahmedabad, Gujarat. Its website is polarbattery.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address12 Panchvati Estate Near Memco Naroda Road Naroda, Ahmedabad, Gujarat, India – 380025
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Polar Power Square Private Limited, buy the company report.
Comprehensive company report
Polar Power Square 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
Polar Power Square operates one associated brand: Polarbattery. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and sells UPS, automotive, and two-wheeler batteries in India. | polarbattery.in |
Business activity
The main business activity of Polar Power Square 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 Polar Power Square Private Limited, buy the company report.
Financials of Polar Power Square Private Limited
FY 2024 filings availablePolar Power Square Private Limited reported revenue of ₹2.87 Cr (down 73% YoY) for FY 2025.
Revenue · FY 2025
₹2.87 Cr ▼ 73%
Net profit · FY 2025
₹12,326 margin 0%
EBITDA · FY 2025
₹21.89 Lakh margin 7.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 73%
3 years · compounded
▼ 37%
5 years · compounded
▼ 17%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▲ 7%
5 years · compounded
▼ 6%
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 73% fall in the latest year. EBITDA fell 21% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹21.89 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12,326 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.6% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Polar Power Square Private Limited, buy the company report.
Board of directors of Polar Power Square Private Limited
Polar Power Square has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravinchandra Chandrakant Shah | Director | 25 May 2011 | 15 Years 5 Months | Current |
| Ketan Kanubhai Modi | Director | 25 May 2011 | 15 Years 5 Months | Current |
| Sonalben Pravinchandra Shah | Director | 21 Nov 2022 | 3 Years 11 Months | Current |
Auditor
Polar Power Square Private Limited is audited by Ajmera and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ajmera and Associates | FY 2023 | 134008W |
Shareholding
The shareholding of Polar Power Square 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 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 Polar Power Square Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.51 Cr
Satisfied charges
₹1.54 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2020 | 100348601 | Hdfc Bank Limited | ₹1.51 Cr | Open | |
| 30 Jan 2012 | 10336093 | Others | ₹1.54 Cr | Satisfied |
To see the full charge records of Polar Power Square Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Polar Power Square Private Limited 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 Polar Power Square Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Polar Power Square has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCP0279D1ZO | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Polar Power Square Private Limited, buy the company report.
Recent activity
Polar Power Square Private Limited has 5 board changes on record since 2011: 4 appointments and 1 cessation. The latest: Sonalben Pravinchandra Shah was appointed as Director on 21 Nov 2022.
AGM
Polar Power Square Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Polar Power Square Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Appointed
Sonalben Pravinchandra Shah was appointed as Director.
Charges
A charge registered on 30 Jan 2012 via Charge ID 10336093 with Others was fully satisfied on 11 Aug 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 151.00 Lakh registered on 30 Jun 2020 with Charge ID 100348601 was modified on 26 Apr 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 151.00 Lakh with Charge ID 100348601 was registered on 30 Jun 2020.
Charges
A charge with Others of Rs. 154.00 Lakh registered on 30 Jan 2012 with Charge ID 10336093 was modified on 21 Nov 2016.
Ceased
Harishbhai Vallbhdas Gandhi ceased to be Director.
Charges
A charge with Others amounted to Rs. 154.00 Lakh with Charge ID 10336093 was registered on 30 Jan 2012.
Appointed
Harishbhai Vallbhdas Gandhi was appointed as Director.
Appointed
Ketan Kanubhai Modi was appointed as Director.
Appointed
Pravinchandra Chandrakant Shah was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Polar Power Square is an active private limited company based in Ahmedabad, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 25 May 2011 (15+ years old) and is registered under CIN U29100GJ2011PTC065593.
Polar Power Square has 3 current directors:
- Pravinchandra Chandrakant Shah - Director
- Ketan Kanubhai Modi - Director
- Sonalben Pravinchandra Shah - Director
The latest financial statements of Polar Power Square on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Polar Power Square is 24AAGCP0279D1ZO, registered in Gujarat.
The CIN (Corporate Identification Number) of Polar Power Square is U29100GJ2011PTC065593. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polar Power Square was incorporated on 25 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sonalben Pravinchandra Shah was appointed as Director on 21 Nov 2022. Harishbhai Vallbhdas Gandhi ceased to be Director on 23 Apr 2013. Harishbhai Vallbhdas Gandhi was appointed as Director on 25 May 2011. Polar Power Square has 5 board changes on record in total.
Yes, Polar Power Square is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0030318).
Polar Power Square can be reached through the website polarbattery.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Polar Power Square is at 12 Panchvati Estate Near Memco Naroda Road Naroda, Ahmedabad, Gujarat, India – 380025.
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