MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MP-16-0001610
Polycorp Industries Private Limited - machinery and equipment in Dewas, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹22.84 Lakh
▲ 75% YoY
Net profit · FY 2024
₹14,015
Net margin 0.6%
EBITDA · FY 2024
₹1.45 Lakh
EBITDA margin 6.4%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Polycorp Industries Private Limited
Data last updated:
Polycorp Industries Private Limited is a private limited company based in Dewas, Madhya Pradesh, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 11 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U29308MP2020PTC054082. Its GSTIN is 23AALCP6524E1ZJ (Madhya Pradesh).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Divya Ahuja and Jaidev Sharma.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Dewas, Madhya Pradesh.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.84 Lakh, a growth of 75% compared to the previous year. For the same year it recorded a net profit of ₹14,015 (net margin 0.6%) and EBITDA of ₹1.45 Lakh (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 622% over three years.
Polycorp Industries Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-16-0001610). For more details, the company can be reached via its website polycorpbelts.com.
Company Details of Polycorp Industries Private Limited
CIN U29308MP2020PTC054082
Registration Number 054082
Incorporation Date 11 December 2020
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Micro
Udyam Registration UDYAM-MP-16-0001610
Recognitions & Rankings of Polycorp Industries
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address330, Rajaram Nagar, Dewas, Madhya Pradesh, India – 455001
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
Comprehensive company report
Polycorp Industries Private Limited - one report that includes everything
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Business Activity of Polycorp Industries Private Limited
The main business activity of Polycorp Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
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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 Polycorp Industries Private Limited FY 2024 filings available
Polycorp Industries Private Limited reported revenue of ₹22.84 Lakh (up 75% YoY) for FY 2024.
Revenue · FY 2024
₹22.84 Lakh ▲ 75%
Net profit · FY 2024
₹14,015 margin 0.6%
EBITDA · FY 2024
₹1.45 Lakh margin 6.4%
Compounded Annual Growth Rate (CAGR) of Polycorp Industries Private Limited
Revenue CAGR growth
1 year
▲ 75%
3 years · compounded
▲ 622%
EBITDA CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 98%
Revenue has grown at a compounded annual rate (CAGR) of 622% over three years, including 75% growth in the latest year. EBITDA fell 16% 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 Polycorp Industries Private Limited
| Metrics | 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 | ₹1.45 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14,015 | •••• | •••• | •••• |
| 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 Polycorp Industries Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6.4% | •••• | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• | •••• |
| 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 Polycorp Industries are in the company report.
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Financial statements from FY 2021
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.
Board of Directors of Polycorp Industries Private Limited
Polycorp Industries has 4 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 |
|---|---|---|---|---|
| Divya Ahuja | Director | 06 Feb 2021 | 5 Years 8 Months | Current |
| Akhilesh Shotiya | Additional Director | 10 Mar 2025 | 1 Years 7 Months | Current |
| Jaidev Sharma | Director | 11 Dec 2020 | 5 Years 10 Months | Current |
| Pratik Joshi | Director | 11 Dec 2020 | 5 Years 10 Months | Current |
Peer Comparison of Polycorp Industries Private Limited
Polycorp Industries Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shinko Nameplate India Private Limited | ₹22.98 Lakh (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Anmolpaani Water Management Solutions Private Limited | ₹22.95 Lakh (FY 2024) | •••• | •••• | -65.0% | •••• | Sonipat, Haryana, India |
| Thermofine System Private Limited | ₹22.9 Lakh (FY 2024) | •••• | •••• | 221.0% | •••• | Taluka-Digras, Yavatmal, Maharashtra, India |
| Weckenmann Engineering (India) Private Limited | ₹22.9 Lakh (FY 2025) | •••• | •••• | -90.0% | •••• | Bangalore, Karnataka, India |
| Urja Process and Technologies Private Limited | ₹22.9 Lakh (FY 2024) | •••• | •••• | -70.0% | •••• | Pune, Maharashtra, India |
| Polycorp Industries Private Limited this company | ₹22.84 Lakh (FY 2024) | •••• | •••• | 75.0% | •••• | Dewas, Madhya Pradesh, India |
| Bhorden Thermotics India Private Limited | ₹22.83 Lakh (FY 2025) | •••• | •••• | -4.0% | •••• | Pune, Maharashtra, India |
| Acrylic Sheets India Private Limited | ₹22.83 Lakh (FY 2024) | •••• | •••• | •••• | Ambala, Haryana, India | |
| Garnish Electronics Private Limited | ₹22.77 Lakh (FY 2020) | •••• | •••• | 67.0% | •••• | New Delhi, Delhi, India |
| Miracle Engineering Pvt Ltd | ₹22.62 Lakh (FY 2025) | •••• | •••• | 36.0% | •••• | Pune, Maharashtra, India |
| Handswell's Chain Industries LLP | ₹22.6 Lakh (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Polycorp Industries by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Polycorp Industries Private Limited
Polycorp Industries Private Limited is audited by RAJESH SINGI AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJESH SINGI AND ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
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Verified entity values are shown only after access is granted.
Ownership and Shareholding of Polycorp Industries Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Polycorp Industries Private Limited
Polycorp Industries Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Polycorp Industries Private Limited
Polycorp Industries Private Limited has a workforce of 0 employees as of Apr 03, 2024.
Active EPFO establishments
1
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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 Polycorp Industries Private Limited
Polycorp Industries Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Akhilesh Shotiya was appointed as Additional Director on 10 Mar 2025.
Appointed
Akhilesh Shotiya was appointed as Additional Director.
Ceased
Chiranjeevi Ahuja ceased to be Director.
AGM
Polycorp Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Polycorp Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Ceased
Divya Ahuja ceased to be Additional Director.
Appointed
Divya Ahuja was appointed as Director.
Appointed
Jaidev Sharma was appointed as Director.
Appointed
Pratik Joshi was appointed as Director.
Incorporation
11 Dec 2020
Polycorp Industries Private Limited was registered on 11 Dec 2020 with Roc Gwalior & aged 5 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Polycorp Industries Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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- Director-linked violations
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MSME Payment Delays by Polycorp Industries Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Polycorp Industries Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
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- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Polycorp Industries Private Limited
Polycorp Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AALCP6524E1ZJ | Madhya Pradesh | Active | 05 Jan 2021 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Polycorp Industries Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Polycorp Industries Private Limited
Polycorp Industries is an active private limited company based in Dewas, Madhya Pradesh, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 11 December 2020 (6+ years old) and is registered under CIN U29308MP2020PTC054082.
Polycorp Industries reported revenue of ₹22.84 Lakh for FY 2024 (up 75% YoY).
Polycorp Industries has 4 current directors:
- Divya Ahuja - Director
- Akhilesh Shotiya - Additional Director
- Jaidev Sharma - Director
- Pratik Joshi - Director
Polycorp Industries reported a net profit of ₹14,015 (net margin 0.6%) and EBITDA of ₹1.45 Lakh (EBITDA margin 6.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Polycorp Industries is 622% over three years. In the latest year (FY 2024) revenue rose 75%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Polycorp Industries is 23AALCP6524E1ZJ, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Polycorp Industries is U29308MP2020PTC054082. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polycorp Industries was incorporated on 11 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Polycorp Industries by revenue are Shinko Nameplate India Private Limited, Anmolpaani Water Management Solutions Private Limited, Thermofine System Private Limited, Weckenmann Engineering (India) Private Limited, Urja Process and Technologies Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Akhilesh Shotiya was appointed as Additional Director on 10 Mar 2025. Chiranjeevi Ahuja ceased to be Director on 10 Mar 2025. Divya Ahuja ceased to be Additional Director on 30 Nov 2021. Polycorp Industries has 6 board changes on record in total.
Yes, Polycorp Industries is registered as a micro enterprise under Udyam registration (number: UDYAM-MP-16-0001610).