Polaris Indcomm Private Limited
About Polaris Indcomm Private Limited
Data last updated:
Polaris Indcomm Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 19 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52100MH2012PTC232385. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Polaris Ventures Private Limited. It is led by directors Santosh Balwant Hutke and Umesh Govind Raut.
Its last annual general meeting (AGM) was held on 29 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹49.03 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net loss of ₹13.49 Lakh (net margin -0.3%) and EBITDA of -₹10.59 Lakh (EBITDA margin -0.2%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 62% over five years.
The company is associated with 1 brand: Sheffy. As per MCA filings, the company has open charges of ₹51.64 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Polaris Indcomm Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressUnit No.1003 Cello Triumph I.B.Patel Road Opp. Laghu Udyog Goregao, N (East), Mumbai, Maharashtra, India – 400063
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Polaris Indcomm Private Limited, 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 Polaris Indcomm is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Polaris Indcomm Private Limited, buy the company report.
Financials of Polaris Indcomm Private Limited
FY 2019 filings availablePolaris Indcomm Private Limited reported revenue of ₹49.03 Cr (down 27% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 27% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 62%. EBITDA fell 200% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹49.03 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹10.59 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.49 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.2% | ||||
| Net Profit Margin | -0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Polaris Indcomm Private Limited, buy the company report.
Board of directors of Polaris Indcomm Private Limited
Polaris Indcomm has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Balwant Hutke Also directs: Mellisa Businesses Est LLP, Harshvardhan Commercials LLP, Blue Cross Commodities Private Limited and 1 more | Director | 16 Dec 2021 | 4 Years 10 Months | Current |
| Umesh Govind Raut | Director | 31 Dec 2020 | 5 Years 9 Months | Current |
Peer comparison
Polaris Indcomm Private Limited is compared with the 4 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gohil Dyechem Private Limited | ₹49.24 Cr (FY 2025) | -16.0% | Mumbai, Maharashtra, India | |||
| Altitude Chemcare Private Limited | ₹49.21 Cr (FY 2024) | 32.0% | Mumbai, Maharashtra, India | |||
| Polaris Indcomm Private Limitedthis company | ₹49.03 Cr (FY 2019) | -₹13.49 Lakh | -0.3% | -27.0% | Mumbai, Maharashtra, India | |
| Hyretail Technologies Private Limited | ₹48.85 Cr (FY 2023) | 8788.0% | Faridabad, Haryana, India | |||
| Neev Resources Private Limited | ₹48.5 Cr (FY 2024) | 21.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Polaris Indcomm Private Limited, buy the company report.
Auditor
Polaris Indcomm Private Limited is audited by KOCHAR & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KOCHAR & ASSOCIATES | FY 2019 | 105256W |
Shareholding
The shareholding of Polaris Indcomm Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Polaris Indcomm Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Sep 2017 | 100183638 | Others | ₹25.75 Cr | Open | |
| 20 Dec 2012 | 10394933 | Bank of Baroda | ₹25.89 Cr | Open |
To see the full charge records of Polaris Indcomm Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Polaris Indcomm Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY) | Filed against the company by Icici Bank Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by an individual | Disposed |
To see the full case history of Polaris Indcomm Private 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 Polaris Indcomm Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Polaris Indcomm has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Polaris Indcomm Private Limited, buy the company report.
Recent activity
Polaris Indcomm Private Limited has 10 board changes on record since 2012: 2 appointments and 8 cessations. The latest: Santosh Balwant Hutke was appointed as Director on 16 Dec 2021.
4 earlier events are in the company report.
Frequently asked questions
Polaris Indcomm is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 19 June 2012 (14+ years old) and is registered under CIN U52100MH2012PTC232385.
Polaris Indcomm has 2 current directors:
- Santosh Balwant Hutke - Director
- Umesh Govind Raut - Director
The latest financial statements of Polaris Indcomm on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 29 September 2019. Year-wise statements from 2015 are in the company report.
No. Polaris Indcomm has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Polaris Indcomm is U52100MH2012PTC232385. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polaris Indcomm has 2 court cases on record: 2 filed against it. Most are in the district courts.
Polaris Indcomm was incorporated on 19 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Polaris Indcomm by revenue are Gohil Dyechem Private Limited, Altitude Chemcare Private Limited, Hyretail Technologies Private Limited, Neev Resources Private Limited, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (retail trading).
Santosh Balwant Hutke was appointed as Director on 16 Dec 2021. Bhaskar Anand ceased to be Director on 02 Aug 2021. Prakash Chand Banshilal Bihani ceased to be Director on 20 Feb 2021. Polaris Indcomm has 10 board changes on record in total.
The registered office of Polaris Indcomm is at Unit No.1003 Cello Triumph I.B.Patel Road Opp. Laghu Udyog Goregao, N East, Mumbai, Maharashtra, India – 400063.
Polaris Indcomm operates in the chemicals and materials industry, in the chemical distribution and retail segment.