About Polybond Organics Private Limited
Data last updated:
Polybond Organics Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the construction materials distribution segment of the metals and mining sector. It was incorporated on 28 July 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U61100KA1993PTC014591. Its GSTIN is 29AAACP7894C1Z3 (Karnataka). The company holds 9 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4.95 Cr and a paid-up capital of ₹3.5 Cr. It is led by directors Dinesh Baliga Vasudev (Managing Director) and Harish Vasudev Baliga (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No. 73 1st Floor 5th A Cross Mchs Colony Off; 16th Main 2nd Stage Btm Layout, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2022, the company reported a revenue of ₹12,900, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹8.87 Cr and EBITDA of -₹11.67 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 94% over three years and 83% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹185.9 Cr and satisfied charges of ₹6.74 Cr on record. Court records list 43 cases involving the company, including 28 filed by the company and 12 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polybondgroup.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo. 73 1st Floor 5th A Cross Mchs Colony Off; 16th Main 2nd Stage Btm Layout, Bangalore, Karnataka, India – 560076
- IndustryMetals and Minerals, Construction Materials Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Polybond Organics Private Limited
The main business activity of Polybond Organics is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Polybond Organics Private Limited FY 2022 filings available
Polybond Organics Private Limited reported revenue of ₹12,900 (down 100% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Polybond Organics Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 83% over five years. EBITDA fell 580% 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 of Polybond Organics Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | -₹11.67 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹8.87 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 of Polybond Organics Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Polybond Organics are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Polybond Organics Private Limited
Polybond Organics Private Limited is audited by DEVARAJ B V & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DEVARAJ B V & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Polybond Organics Private Limited
Polybond Organics 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 |
|---|---|---|---|---|
| Harish Vasudev Baliga | Whole-Time Director | 28 Jul 1993 | 33 Years 2 Months | Current |
| Dinesh Baliga Vasudev | Managing Director | 28 Jul 1993 | 33 Years 2 Months | Current |
Ownership and Shareholding of Polybond Organics Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Polybond Organics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Nov 2013 | Icici Bank Ltd | ₹3.84 Cr | Open |
| 24 Aug 2011 | Canara Bank | ₹35.5 Cr | Open |
| 07 Aug 2010 | Canara Bank | ₹43.65 Cr | Open |
| 06 Mar 2004 | Citicorp Finance India Ltd | ₹6 Lakh | Open |
| 06 Jun 1996 | Canara Bank | ₹102.85 Cr | Open |
Total charge records: 9 View all charges
Legal Cases of Polybond Organics Private Limited
Polybond Organics Private Limited has 43 court cases on record: 28 filed by Polybond Organics, 12 filed against it, 3 where it is another party. 3 cases are pending and 40 are disposed. Status as checked between 28 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 36 | 12 | 2 |
| High courts | 6 | 0 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Highway Star Rest and Recreation Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Highway Star Rest and Recreation Private Limited | Disposed |
| High Court of Karnataka | Court case (CCC) | Filed by the company against The Canara Bank Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against The Canara Bank Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Highway Star Rest and Recreation Private Limited | Disposed |
Full case history
All 43 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Polybond Organics Private Limited
Polybond Organics Private Limited has a workforce of 2 employees as of Mar 28, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Polybond Organics Private Limited
Polybond Organics Private Limited has 10 board changes on record since 1993: 2 appointments and 8 cessations. The latest: Ajay Dinesh Baliga ceased to be Additional Director on 15 Feb 2017.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Polybond Organics Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Polybond Organics Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Polybond Organics Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Polybond Organics Private Limited
Polybond Organics has 9 GST registrations: 1 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACP7894C1Z3 | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Polybond Organics Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Polybond Organics Private Limited
Polybond Organics is an active private limited company based in Bangalore, Karnataka, India. The company works in construction materials retail and distribution, within the metals and minerals industry. It was incorporated on 28 July 1993 (33+ years old) and is registered under CIN U61100KA1993PTC014591.
Polybond Organics reported revenue of ₹12,900 for FY 2022 (down 100% YoY).
Polybond Organics has 2 current directors:
- Dinesh Baliga Vasudev - Managing Director
- Harish Vasudev Baliga - Whole-Time Director
Polybond Organics reported a net loss of ₹8.87 Cr and EBITDA of -₹11.67 Lakh for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Polybond Organics is -94% over three years and -83% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Polybond Organics is 29AAACP7894C1Z3, registered in Karnataka. The company has 9 GST registrations in all, of which 1 is active and 8 are cancelled or inactive.
The CIN (Corporate Identification Number) of Polybond Organics is U61100KA1993PTC014591. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polybond Organics has 43 court cases on record: 28 filed by the company and 12 filed against it. 3 are pending. Most are in the district courts.
Polybond Organics was incorporated on 28 July 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
Ajay Dinesh Baliga ceased to be Additional Director on 15 Feb 2017. Anup Dinesh Baliga ceased to be Additional Director on 15 Feb 2017. Balakrishna Bantwal Baliga ceased to be Whole-Time Director on 05 Nov 2015. Polybond Organics has 10 board changes on record in total.