MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-23-0000616
Polo Plus Pipes Private Limited
Polo Plus Pipes Private Limited - manufacturing in Limbdi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.09 Cr
▼ 30% YoY
Net profit · FY 2024
₹1.11 Lakh
Net margin 0.2%
EBITDA · FY 2024
₹13.59 Lakh
EBITDA margin 2.7%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹23.85 Lakh
Satisfied ₹5.94 Cr
Company age
13 yrs
Est. 2013
Directors on board
2
As per MCA filings
About Polo Plus Pipes Private Limited
Data last updated:
Polo Plus Pipes Private Limited is a private limited company based in Limbdi, Gujarat, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 17 September 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25202GJ2013PTC076865. Its GSTIN is 24AAHCP4076F1ZG (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Hiteshkumar Dhirajlal Masrani and Nehaben Hiteshbhai Mashrani.
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 Office Survey No. 441/1 Limbdi, Limbdi – Surendranagar Road, Gujarat, India – 363421.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.09 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹1.11 Lakh (net margin 0.2%) and EBITDA of ₹13.59 Lakh (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹23.85 Lakh and satisfied charges of ₹5.94 Cr on record.
Polo Plus Pipes Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-23-0000616). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U25202GJ2013PTC076865
Registration Number 076865
Incorporation Date 17 September 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-23-0000616
Recognitions & Rankings of Polo Plus Pipes
Contact details
Polo Plus Pipes Private Limited's registered office is in Limbdi, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressOffice Survey No. 441/1 Limbdi, Limbdi – Surendranagar Road, Gujarat, India – 363421
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Polo Plus Pipes Private Limited, buy the company report.
Comprehensive company report
Polo Plus Pipes 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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Business activity
The main business activity of Polo Plus Pipes is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Polo Plus Pipes Private Limited, buy the company report.
Financials of Polo Plus Pipes Private Limited
FY 2025 filings availablePolo Plus Pipes Private Limited reported revenue of ₹5.09 Cr (down 30% YoY) for FY 2024.
Revenue · FY 2024
₹5.09 Cr ▼ 30%
Net profit · FY 2024
₹1.11 Lakh margin 0.2%
EBITDA · FY 2024
₹13.59 Lakh margin 2.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 30%
3 years · compounded
▲ 44%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 23%
5 years · compounded
▼ 27%
Revenue fell 30% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 14% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹13.59 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.11 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | ||||
| Net Profit Margin | 0.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Polo Plus Pipes Private Limited, buy the company report.
Board of directors of Polo Plus Pipes Private Limited
Polo Plus Pipes has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiteshkumar Dhirajlal Masrani | Director | 17 Sep 2013 | 13 Years 1 Months | Current |
| Nehaben Hiteshbhai Mashrani | Director | 30 Sep 2022 | 4 Years 1 Months | Current |
Peer comparison
Polo Plus Pipes Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Set-Up Polymer Pipe Private Limited | ₹5.09 Cr (FY 2025) | 70.0% | Rajkot, Gujarat, India | |||
| Krishna Polypipes Private Limited | ₹5.09 Cr (FY 2025) | -85.0% | Indore, Madhya Pradesh, India | |||
| Polo Plus Pipes Private Limitedthis company | ₹5.09 Cr (FY 2024) | ₹1.11 Lakh | 0.2% | -30.0% | Limbdi, Gujarat, India | |
| Plexpo Industries (India) Private Limited | ₹5.05 Cr (FY 2024) | 11.0% | Ranchi, Jharkhand, India | |||
| Wavin India Pipes and Fittings Manufacturing Private Limited | ₹5.01 Cr (FY 2025) | 1.0% | Kothur, Telangana, India |
To see the full peer comparison of Polo Plus Pipes Private Limited, buy the company report.
Auditor
Polo Plus Pipes Private Limited is audited by A N R & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A N R & ASSOCIATES | FY 2018 | 142359W |
Shareholding
The shareholding of Polo Plus Pipes Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Polo Plus Pipes Private Limited, buy the company report.
Charges & borrowings
Open charges
₹23.85 Lakh
Satisfied charges
₹5.94 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Dec 2019 | 100310610 | Others | ₹8 Lakh | Satisfied | |
| 30 Mar 2016 | 100026949 | Others | ₹11.95 Lakh | Satisfied | |
| 30 Mar 2016 | 100026965 | Others | ₹3.9 Lakh | Satisfied | |
| 24 Apr 2015 | 10569505 | Bank of India | ₹5.7 Cr | Satisfied |
To see the full charge records of Polo Plus Pipes Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Polo Plus Pipes 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 Polo Plus Pipes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Polo Plus Pipes has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCP4076F1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Polo Plus Pipes Private Limited, buy the company report.
Recent activity
Polo Plus Pipes Private Limited has 4 board changes on record since 2013: 2 appointments and 2 cessations. The latest: Nehaben Hiteshbhai Mashrani was appointed as Director on 30 Sep 2022.
AGM
Polo Plus Pipes Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 17 Dec 2019 via Charge ID 100310610 with Others was fully satisfied on 17 Jul 2025.
Charges
A charge registered on 30 Mar 2016 via Charge ID 100026949 with Others was fully satisfied on 17 Jul 2025.
Charges
A charge registered on 30 Mar 2016 via Charge ID 100026965 with Others was fully satisfied on 17 Jul 2025.
Filing
Polo Plus Pipes Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Nehaben Hiteshbhai Mashrani was appointed as Director.
Ceased
Indumatiben Dhirajlal Masrani ceased to be Director.
Ceased
Nehaben Hiteshbhai Mashrani ceased to be Director.
Charges
A charge with Others amounted to Rs. 0.08 Cr with Charge ID 100310610 was registered on 17 Dec 2019.
Charges
A charge registered on 24 Apr 2015 via Charge ID 10569505 with Bank Of India was fully satisfied on 14 Aug 2018.
Charges
A charge with Others amounted to Rs. 0.12 Cr with Charge ID 100026949 was registered on 30 Mar 2016.
Charges
A charge with Others amounted to Rs. 0.04 Cr with Charge ID 100026965 was registered on 30 Mar 2016.
3 earlier events are in the company report.
Frequently asked questions
Polo Plus Pipes is an active private limited company based in Limbdi, Gujarat, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 17 September 2013 (13+ years old) and is registered under CIN U25202GJ2013PTC076865.
Polo Plus Pipes has 2 current directors:
- Hiteshkumar Dhirajlal Masrani - Director
- Nehaben Hiteshbhai Mashrani - Director
The latest financial statements of Polo Plus Pipes 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 GSTIN of Polo Plus Pipes is 24AAHCP4076F1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Polo Plus Pipes is U25202GJ2013PTC076865. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polo Plus Pipes was incorporated on 17 September 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Polo Plus Pipes by revenue are Set-Up Polymer Pipe Private Limited, Krishna Polypipes Private Limited, Plexpo Industries (India) Private Limited, Wavin India Pipes and Fittings Manufacturing Private Limited, all in the Manufacturing industry (Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Nehaben Hiteshbhai Mashrani was appointed as Director on 30 Sep 2022. Indumatiben Dhirajlal Masrani ceased to be Director on 01 Apr 2022. Nehaben Hiteshbhai Mashrani ceased to be Director on 01 Apr 2022. Polo Plus Pipes has 4 board changes on record in total.
Yes, Polo Plus Pipes is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-23-0000616).
The registered office of Polo Plus Pipes is at Office Survey No. 4411 Limbdi, Limbdi – Surendranagar Road, Gujarat, India – 363421.
Polo Plus Pipes operates in the manufacturing industry, in the pipe and tubes segment.
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