Polycoat India Private Limited
About Polycoat India Private Limited
Data last updated:
Polycoat India Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 17 January 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1983PTC005840. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹1.62 Cr. It is led by directors Sanjay Mangilal Lahoti and Ritesh Rajkumar Somani.
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 Surat, Gujarat.
As per MCA filings, the company has open charges of ₹75 Lakh and satisfied charges of ₹182.36 Cr on record. Court records list 20 cases involving the company, including 10 filed by the company and 10 filed against it; 5 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Polycoat India Private Limited's registered office is in Surat, Gujarat.
- Registered AddressA/1 402 GIDC, Pandesara, Surat, Gujarat, India – 394221
- IndustryManufacturing, Textile & Fabric Production
- 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
Financials of Polycoat India Private Limited
FY 2025 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Polycoat India Private Limited, buy the company report.
Board of directors of Polycoat India Private Limited
Polycoat India has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Mangilal Lahoti Also directs: Akashganga Processors Private Limited, Sumicot Limited, Sanjay Polytex Private Limited and 1 more | Additional Director | 25 Oct 2023 | 2 Years 11 Months | Current |
| Ritesh Rajkumar Somani Also directs: Betex India Limited (Co TR From Maha ), Bhoomeka Processors Private Limited, Rakesh Industries Private Limited and 5 more | Additional Director | 15 Nov 2023 | 2 Years 11 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2006 | 100110660 | Icici Bank Limited | ₹75 Lakh | Open | |
| 14 Nov 2014 | 10589577 | Jm Financial Asset Reconstruction Company Private Limited | ₹54.83 Cr | Satisfied | |
| 05 Jan 2007 | 10033100 | The Sutex Co-Operative Bank Limited | ₹5.78 Cr | Satisfied | |
| 26 Jul 2006 | 10009113 | State Bank of India | ₹10.58 Cr | Satisfied | |
| 26 Jul 2006 | 10009116 | State Bank of India | ₹10.58 Cr | Satisfied |
To see the full charge records of Polycoat India Private Limited, buy the company report.
Total charge records: 15 View all charges
Legal cases
Polycoat India Private Limited has 20 court cases on record: 10 filed by Polycoat India, 10 filed against it. 5 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 8 | 4 | 2 |
| High courts | 5 | 1 | 0 |
| District courts | 3 | 1 | 3 |
| NCLAT | 3 | 3 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Sansar Texturisers Pvt. Ltd and 4 others | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Sansar Texturisers Private Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Sansar Texturisers Pvt. Ltd and 4 others | Disposed |
| District court, Jodhpur Metro, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Sansar Texturiesers Private Limited | Pending |
To see the full case history of Polycoat 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Polycoat India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Polycoat India has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Polycoat India Private Limited, buy the company report.
Recent activity
Polycoat India Private Limited has 9 board changes on record since 2008: 2 appointments and 7 cessations. The latest: Ritesh Rajkumar Somani was appointed as Additional Director on 15 Nov 2023.
37 earlier events are in the company report.
Frequently asked questions
Polycoat India is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 17 January 1983 (43+ years old) and is registered under CIN U17119GJ1983PTC005840.
Polycoat India has 2 current directors:
- Sanjay Mangilal Lahoti - Additional Director
- Ritesh Rajkumar Somani - Additional Director
The latest financial statements of Polycoat 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.
No. Polycoat India has 5 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Polycoat India is U17119GJ1983PTC005840. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polycoat India has 20 court cases on record: 10 filed by the company and 10 filed against it. 5 are pending. Most are in the nclt.
Polycoat India was incorporated on 17 January 1983, making it 43+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ritesh Rajkumar Somani was appointed as Additional Director on 15 Nov 2023. Sanjay Mangilal Lahoti was appointed as Additional Director on 25 Oct 2023. Gaurav Shree Prakash Gupta ceased to be Director on 13 Jul 2023. Polycoat India has 9 board changes on record in total.
The registered office of Polycoat India is at A1 402 GIDC, Pandesara, Surat, Gujarat, India – 394221.
Polycoat India operates in the manufacturing industry, in the textile and fabric production segment.