MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-26-0019224
Polybond (India) Pvt Ltd - manufacturing in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹452.17 Cr
▲ 12.49% YoY
Net profit · FY 2025
₹26.06 Cr
Net margin 5.8%
EBITDA · FY 2025
₹52.55 Cr
EBITDA margin 11.6%
Authorised capital
₹5.5 Cr
Registered with MCA
Paid-up capital
₹1.94 Cr
Issued & subscribed
Open charges
₹100 Cr
Satisfied ₹82.64 Cr
Company age
43 yrs
Est. 1983
Employees · EPFO
671
Provident fund records
About Polybond (India) Pvt Ltd
Data last updated:
Polybond (India) Pvt Ltd is a private limited company based in Pune, Maharashtra, India. It operates in the rubber-based products segment of the manufacturing sector. It was incorporated on 05 August 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U25199MH1983PTC030558. Its GSTIN is 27AABCP1261E1ZT (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹1.94 Cr. It is led by directors including Adit Madhusudan Rathi (Managing Director) and Arnav Adit Rathi.
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 Gaia Apex Sr.No.33/1/1/2 Plot – D First Floor Vimannagar, Pune, Maharashtra, India – 411014.
As per the financials filed for FY 2025, the company reported a revenue of ₹452.17 Cr. For the same year it recorded a net profit of ₹26.06 Cr (net margin 5.8%) and EBITDA of ₹52.55 Cr (EBITDA margin 11.6%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 10% over five years.
The company has about 671 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Polybond. As per MCA filings, the company has open charges of ₹100 Cr and satisfied charges of ₹82.64 Cr on record. Court records list 99 cases involving the company, including 84 filed by the company and 15 filed against it; 20 cases are pending. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹2.51 Cr; the latest was in September 2024. Its 9 peer companies in the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 4 larger and 5 smaller; the largest is Capstone Polyweave Private Limited with revenue of ₹458.65 Cr.
Polybond (India) Pvt Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0019224). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polybondindia.com.
Company details
CIN U25199MH1983PTC030558
Registration Number 030558
Incorporation Date 05 August 1983
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0019224
Key People
Adit Madhusudan Rathi Managing Director Arnav Adit Rathi Director Priyanka Adit Rathi Director Recognitions & Rankings of Polybond (India)
Contact details
Polybond (India) Pvt Ltd's registered office is in Pune, Maharashtra. Its website is polybondindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGaia Apex Sr.No.33/1/1/2 Plot – D First Floor Vimannagar, Pune, Maharashtra, India – 411014
- IndustryManufacturing, Rubber-Based Products
To see the full contact details of Polybond (India) Pvt Ltd, buy the company report.
Comprehensive company report
Polybond (India) Pvt Ltd - 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
Polybond (India) operates one associated brand: Polybond. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of high-performance rubber and plastic components for automotive, industrial, and medical applications | polybondindia.com |
Business activity
The main business activities of Polybond (India) are manufacturing and hospital and medical care. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products, metal and metal products and other hospital and medical care activities. 3 activity segments are registered with the MCA.
| 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 | |
| C | Manufacturing | C7 | Metal and metal products | |
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities |
To see the full business activity and turnover split of Polybond (India) Pvt Ltd, buy the company report.
Financials of Polybond (India) Pvt Ltd
FY 2025 filings availablePolybond (India) Pvt Ltd reported revenue of ₹452.17 Cr for FY 2025.
Revenue · FY 2025
₹452.17 Cr
Net profit · FY 2025
₹26.06 Cr margin 5.8%
EBITDA · FY 2025
₹52.55 Cr margin 11.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 7%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 33%
3 years · compounded
▲ 41%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years. EBITDA fell 33% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹52.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹26.06 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.6% | ||||
| Net Profit Margin | 5.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity 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 Polybond (India) Pvt Ltd, buy the company report.
Board of directors of Polybond (India) Pvt Ltd
Polybond (India) has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arnav Adit Rathi Also directs: Eversure Medical Private Limited, Polybond (India) Pvt Ltd | Director | 22 Jan 2024 | 2 Years 9 Months | Current |
| Priyanka Adit Rathi Also directs: Polybond (India) Pvt Ltd, Lovejoy Finance Private Limited | Director | 24 Nov 1997 | 28 Years 11 Months | Current |
| Madhusudan Laxminarayan Rathi | Director | 30 Jul 1999 | 27 Years 3 Months | Current |
| Arun Bhagwandas Toshniwal Also directs: Polybond (India) Pvt Ltd, Toshbro Medicals Private Limited, Toshbro Trading Private Limited and 5 more | Director | 30 Jul 1999 | 27 Years 3 Months | Current |
| Bhalchandra Madhukar Kulkarni | Director | 11 Sep 2024 | 2 Years 1 Months | Current |
| Adit Madhusudan Rathi Also directs: Eversure Medical Private Limited, Polybond (India) Pvt Ltd, Rathi Turboflex Private Limited and 3 more | Managing Director | 30 Sep 1996 | 30 Years 1 Months | Current |
Peer comparison
Polybond (India) Pvt Ltd is compared with the 9 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Capstone Polyweave Private Limited | ₹458.65 Cr (FY 2025) | 34.0% | New Delhi, Delhi, India | |||
| Premium Polyalloys Limited | ₹457.61 Cr (FY 2025) | 14.0% | Vapi, Gujarat, India | |||
| Mahalaxmi Polypack Private Limited | ₹454.29 Cr (FY 2025) | 19.0% | New Delhi, Delhi, India | |||
| Lavish Granito Private Limited | ₹453.07 Cr (FY 2025) | 1.0% | Morbi, Gujarat, India | |||
| Polybond (India) Pvt Ltdthis company | ₹452.17 Cr (FY 2025) | ₹26.06 Cr | 5.8% | 671 | Pune, Maharashtra, India | |
| Innova Rubbers Private Limited | ₹452.09 Cr (FY 2025) | 20.0% | Nashik, Maharashtra, India | |||
| Caterpillar Signs Private Limited | ₹450.45 Cr (FY 2025) | 3.0% | Gandhinagar, Gujarat, India | |||
| Itaca Ceramic Private Limited | ₹449.8 Cr (FY 2025) | -10.0% | Lalpar, Gujarat, India | |||
| Luxor Writing Instruments Private Limited | ₹449.08 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Saint-Gobain Industries India Private Limited | ₹448.17 Cr (FY 2025) | 15.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Polybond (India) Pvt Ltd, buy the company report.
Auditor
Polybond (India) Pvt Ltd is audited by G.D.Apte & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G.D.Apte & Co. | FY 2023 | 100515W |
Shareholding
The shareholding of Polybond (India) Pvt Ltd 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 Polybond (India) Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹100 Cr
Satisfied charges
₹82.64 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 2025 | 101061971 | The Hongkong and Shanghai Banking Corporation Limited | ₹25 Cr | Open | |
| 17 Jan 2023 | 100666856 | Hdfc Bank Limited | ₹35 Cr | Open | |
| 11 Jul 2016 | 100060451 | Citi Bank N.A. | ₹40 Cr | Open | |
| 30 Oct 2017 | 100197825 | Citi Bank N.A. | ₹20 Cr | Satisfied | |
| 13 Jun 2015 | 10608104 | State Bank of India Industrial Finance Branch | ₹20 Cr | Satisfied |
To see the full charge records of Polybond (India) Pvt Ltd, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Polybond (India) Pvt Ltd has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹2.51 Cr; the latest was in September 2024.
Total deals
7
Secondary share transfers
4
Funding rounds
3
Disclosed funding
₹2.51 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Vorwerk Autotech Beteilgungen Gmbh |
| Jan 2020 | Secondary share transfer | Undisclosed | Buyer: Rathi Family Trust Seller: 4 individuals |
| Jan 2019 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Preeti Rathi Trust, an individual |
| Mar 2006 | Funding round | ₹46.2 Lakh | Investors: Vorwerk Autotech Beteilgungen Gmbh |
To see the full deal history of Polybond (India) Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Polybond (India) Pvt Ltd has 99 court cases on record: 84 filed by Polybond (India), 15 filed against it. 20 cases are pending and 79 are disposed.
Total cases
99
Filed by the company
84
Filed against the company
15
Pending
20
Disposed
79
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 95 | 12 | 20 |
| High courts | 4 | 3 | 0 |
Cases on record (5 of 99)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by Poly Medicure Limited | Disposed |
| High Court of Delhi | Commercial suit | Filed against the company by Poly Medicure Limited | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by Poly Medicure Limited | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Ms Dynamic Logistics Pvt. Ltd. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by The State of Maharashtra | Pending |
To see the full case history of Polybond (India) Pvt Ltd, 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 Polybond (India) Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Polybond (India) has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Pi Rubber Private Limited | U25190PN2015PTC157529 |
To see the full group structure of Polybond (India) Pvt Ltd, buy the company report.
Employees & EPFO
Polybond (India) Pvt Ltd has a workforce of 671 employees on its EPFO records as of Mar 28, 2024, across 2 active EPFO establishments.
Employee count
671
Active EPFO establishments
2
Employee growth
4.35%
GST
Polybond (India) has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCP1261E1ZT | Maharashtra | Active | 01 Jul 2017 |
| 27AABCP1261E2ZS | Maharashtra | Active | 15 May 2025 |
| 23AABCP1261E1Z1 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Polybond (India) Pvt Ltd, buy the company report.
Recent activity
Polybond (India) Pvt Ltd has 11 board changes on record since 1996: 6 appointments and 5 cessations. The latest: Madhusudan Laxminarayan Rathi ceased to be Managing Director on 13 Jul 2025.
AGM
Polybond (India) Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Madhusudan Laxminarayan Rathi ceased to be Managing Director.
Filing
Polybond (India) Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Citi Bank N.A. of Rs. 40.00 Cr registered on 11 Jul 2016 with Charge ID 100060451 was modified on 10 Mar 2025.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 25.00 Cr with Charge ID 101061971 was registered on 28 Feb 2025.
Ceased
Bhalchandra Madhukar Kulkarni ceased to be Additional Director.
Appointed
Bhalchandra Madhukar Kulkarni was appointed as Director.
Ceased
Arnav Adit Rathi ceased to be Additional Director.
Appointed
Arnav Adit Rathi was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 35.00 Cr with Charge ID 100666856 was registered on 17 Jan 2023.
Charges
A charge registered on 30 Oct 2017 via Charge ID 100197825 with Citi Bank N.A. was fully satisfied on 18 Jan 2022.
Ceased
Srikumar Dhandapani ceased to be Additional Director.
24 earlier events are in the company report.
Frequently asked questions
Polybond (India) is an active private limited company based in Pune, Maharashtra, India. The company works in rubber-based products, within the manufacturing industry. It was incorporated on 05 August 1983 (43+ years old) and is registered under CIN U25199MH1983PTC030558.
Polybond (India) has 6 current directors:
- Adit Madhusudan Rathi - Managing Director
- Arnav Adit Rathi - Director
- Priyanka Adit Rathi - Director
- Madhusudan Laxminarayan Rathi - Director
- Arun Bhagwandas Toshniwal - Director
- Bhalchandra Madhukar Kulkarni - Director
The latest financial statements of Polybond (India) 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 Polybond (India) is 27AABCP1261E1ZT, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AABCP1261E2ZS (Maharashtra), 23AABCP1261E1Z1 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Polybond (India) is U25199MH1983PTC030558. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polybond (India) has 99 court cases on record: 84 filed by the company and 15 filed against it. 20 are pending. Most are in the district courts.
Polybond (India) was incorporated on 05 August 1983, making it 43+ years old. It is registered with the Registrar of Companies, Pune.
Polybond (India) has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹2.51 Cr; the latest was in September 2024.
The peers of Polybond (India) by revenue are Capstone Polyweave Private Limited, Premium Polyalloys Limited, Mahalaxmi Polypack Private Limited, Lavish Granito Private Limited, Innova Rubbers Private Limited and 4 more, all in the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Madhusudan Laxminarayan Rathi ceased to be Managing Director on 13 Jul 2025. Bhalchandra Madhukar Kulkarni ceased to be Additional Director on 09 Jan 2025. Bhalchandra Madhukar Kulkarni was appointed as Director on 11 Sep 2024. Polybond (India) has 11 board changes on record in total.
Yes, Polybond (India) is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-26-0019224).
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