About Poly Pipes India Private Limited
Data last updated:
Poly Pipes India Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 20 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74110TN2010PTC077395. Its GSTIN is 33AAFCP7979M1ZM (Tamil Nadu). The company holds 12 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹3.85 Cr. It is led by directors Rajendra Kumar Hirawat and Vinay Kumar Hirawat.
Its last annual general meeting (AGM) was held on 29 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,258.67 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹51.45 Cr (net margin 2.3%) and EBITDA of ₹87.59 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over five years.
The company has about 72 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Poly Pipes India. As per MCA filings, the company has open charges of ₹369.5 Cr and satisfied charges of ₹189.35 Cr on record. Court records list 97 cases involving the company, including 87 filed by the company and 10 filed against it; 22 cases are pending. The company has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹12.29 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 polypipes.in.
Company details
CIN history
Poly Pipes India has one previous CIN (Corporate Identification Number): U51909TN2010PTC077395. The current CIN is U74110TN2010PTC077395, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110TN2010PTC077395 | Current |
| U51909TN2010PTC077395 | Previous |
Contact details
Poly Pipes India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is polypipes.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSynergy Building Old No.20 New No. 64 3rd & 4th Floor, Rukmani Lakshmipathy Salai Egmore, Chennai, Tamil Nadu, India – 600008
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Poly Pipes India 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
Brands
Poly Pipes India operates one associated brand: Poly Pipes India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures high-quality PVC pipes using recycled scrap materials. | polypipes.in |
Business activity
The main business activity of Poly Pipes India 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 Poly Pipes India Private Limited, buy the company report.
Financials of Poly Pipes India Private Limited
FY 2024 filings availablePoly Pipes India Private Limited reported revenue of ₹2,258.67 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 25% growth in the latest year. EBITDA rose 392% 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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| EBITDA | ₹87.59 Cr | ||||
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| Net Profit (PAT) | ₹51.45 Cr | ||||
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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 | 3.9% | ||||
| Net Profit Margin | 2.3% | ||||
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To see the full financial statements and ratios of Poly Pipes India Private Limited, buy the company report.
Board of directors of Poly Pipes India Private Limited
Poly Pipes India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Kumar Hirawat | Director | 20 Sep 2010 | 16 Years 1 Months | Current |
| Vinay Kumar Hirawat Also directs: PP Ventures LLP, Pheonix Poly Products Private Limited, Infinite Megawatts Private Limited and 5 more | Director | 20 Sep 2010 | 16 Years 1 Months | Current |
Auditor
Poly Pipes India Private Limited is audited by L Ramesh & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L Ramesh & Associates | FY 2023 | 009107S |
Shareholding
The shareholding of Poly Pipes India 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 Poly Pipes India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Nov 2017 | 100136037 | Citi Bank N.A. | ₹85 Cr | Open | |
| 22 Feb 2017 | 100087933 | Hdfc Bank Limited | ₹110 Cr | Open | |
| 03 Jan 2017 | 100069870 | Others | ₹80 Cr | Open | |
| 13 Oct 2016 | 100064519 | Axis Bank Limited | ₹94.5 Cr | Open | |
| 09 Mar 2022 | 100557320 | Others | ₹40 Cr | Satisfied |
To see the full charge records of Poly Pipes India Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Poly Pipes India Private Limited has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹12.29 Cr; the latest was in March 2017.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Sanjay Kumar & Sons, Kamal Singh Hirawat HUF, 2 individuals |
| Jan 2015 | Funding round | ₹7.5 Cr | Investors: 4 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Ruchi Merchandise Private Limited , Gokul Financial Advisors Private Limited , M S Investment Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Chainroop & Sons, Kamal Singh Hirawat HUF, M S Investment Limited, an individual Seller: Xylo Marketing Private Limited , Starshine Dealcom Private Limited , Hari Om Vincom Private Limited, an individual |
| Mar 2012 | Funding round | ₹2.04 Cr | Investors: Xylo Marketing Private Limited , Gokul Financial Advisors Private Limited , M S Investment Limited |
To see the full deal history of Poly Pipes India Private 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
Poly Pipes India Private Limited has 97 court cases on record: 87 filed by Poly Pipes India, 10 filed against it. 22 cases are pending and 75 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 61 | 7 | 18 |
| High courts | 31 | 3 | 4 |
| NCLT | 3 | 0 | 0 |
| NCLAT | 2 | 0 | 0 |
Cases on record (5 of 97)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal case | Filed by the company against M/S Lamit Tubes and Mouldings LLP | Pending |
| District court, Chennai, Tamil Nadu | Criminal case | Filed by the company against M/S Saipoly Products and Agro Industries Private Limited | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by M/S Lamit Tubes Mouldings LLP Partnership Firm | Disposed |
| Madras High Court | Court case (CRL OP) | Filed by the company against M/S. Lamit Tubes and Mouldings LLP | Disposed |
| District court, Chennai, Tamil Nadu | Criminal case | Filed by the company against M/S S G Polytex India Private Limited | Disposed |
To see the full case history of Poly Pipes India 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.
Credit ratings & regulatory alerts
Poly Pipes India Private Limited was last rated by Care on 01 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Mar 2022 |
To see the full credit ratings and regulatory alerts of Poly Pipes India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Poly Pipes India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Poly Pipes India Private Limited has a workforce of 72 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Poly Pipes India has 12 GST registrations: 6 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCP7979M1ZM | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAFCP7979M2ZL | Tamil Nadu | Active | 13 Mar 2025 |
| 19AAFCP7979M1ZC | West Bengal | Active | 01 Jul 2017 |
| 32AAFCP7979M1ZO | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Poly Pipes India Private Limited, buy the company report.
Recent activity
Poly Pipes India Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Premlata Hirawat ceased to be Director on 16 Jun 2011.
22 earlier events are in the company report.
Frequently asked questions
Poly Pipes India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in wholesale, within the trading industry. It was incorporated on 20 September 2010 (16+ years old) and is registered under CIN U74110TN2010PTC077395.
Poly Pipes India has 2 current directors:
- Rajendra Kumar Hirawat - Director
- Vinay Kumar Hirawat - Director
The latest financial statements of Poly Pipes India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Poly Pipes India is 33AAFCP7979M1ZM, registered in Tamil Nadu. The company has 12 GST registrations in all, of which 6 are active and 6 are cancelled or inactive. Other active GSTINs include 33AAFCP7979M2ZL (Tamil Nadu), 19AAFCP7979M1ZC (West Bengal), 32AAFCP7979M1ZO (Kerala).
The CIN (Corporate Identification Number) of Poly Pipes India is U74110TN2010PTC077395. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Poly Pipes India has 97 court cases on record: 87 filed by the company and 10 filed against it. 22 are pending. Most are in the district courts.
Poly Pipes India was incorporated on 20 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chennai.
Poly Pipes India has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹12.29 Cr; the latest was in March 2017.
Premlata Hirawat ceased to be Director on 16 Jun 2011. Purnima Hirawat ceased to be Director on 16 Jun 2011. Rajendra Kumar Hirawat was appointed as Director on 20 Sep 2010. Poly Pipes India has 4 board changes on record in total.
Poly Pipes India can be reached through the website polypipes.in. Its registered office is in Chennai, Tamil Nadu, India.