MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-RJ-17-0153714
Polycure Martech Ltd
Polycure Martech Ltd - healthcare in Jaipur, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.54 Cr
▲ 7% YoY
Net loss · FY 2024
₹66.22 Lakh
Net margin -42.9%
EBITDA · FY 2024
-₹35.31 Lakh
EBITDA margin -22.9%
Authorised capital
₹4.5 Cr
Registered with MCA
Paid-up capital
₹3.68 Cr
Issued & subscribed
Open charges
₹16.75 Cr
Satisfied ₹11.8 Cr
Company age
30 yrs
Est. 1996
Directors on board
4
As per MCA filings
About Polycure Martech Ltd
Data last updated:
Polycure Martech Ltd is a public limited company based in Jaipur, Rajasthan, India. It operates in the medical consumables and supplies segment of the healthcare sector. It was incorporated on 01 March 1996 and has been in existence for over 30 years.
Its director Jugal Kishore Baid and family are #416 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U13112RJ1996PLC011668. Its GSTIN is 08AABCP7761R1ZL (Rajasthan).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹3.68 Cr. It is led by directors including Khailesh Kumawat and Vishal Baid.
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 B – 64 Polocon House Baise Godam, Jaipur, Rajasthan, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.54 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹66.22 Lakh (net margin -42.9%) and EBITDA of -₹35.31 Lakh (EBITDA margin -22.9%). Revenue has grown at a compounded annual rate (CAGR) of 75% over three years and 50% over five years.
As per MCA filings, the company has open charges of ₹16.75 Cr and satisfied charges of ₹11.8 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Polycure Martech Ltd is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-17-0153714). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U13112RJ1996PLC011668
Registration Number 011668
Incorporation Date 01 March 1996
ROC Jaipur
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 Micro
Udyam Registration UDYAM-RJ-17-0153714
Recognitions & Rankings of Polycure Martech
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #416 Jugal Kishore Baid & family ₹8,900 Cr
Contact details
Polycure Martech Ltd's registered office is in Jaipur, Rajasthan. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 64 Polocon House Baise Godam, Jaipur, Rajasthan, India
- IndustryHealthcare, Medical Consumables & Supplies
To see the full contact details of Polycure Martech Ltd, buy the company report.
Comprehensive company report
Polycure Martech 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Polycure Martech is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Polycure Martech Ltd, buy the company report.
Financials of Polycure Martech Ltd
FY 2025 filings availablePolycure Martech Ltd reported revenue of ₹1.54 Cr (up 7% YoY) for FY 2024.
Revenue · FY 2024
₹1.54 Cr ▲ 7%
Net loss · FY 2024
₹66.22 Lakh margin -42.9%
EBITDA · FY 2024
-₹35.31 Lakh margin -22.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 75%
5 years · compounded
▲ 50%
EBITDA CAGR growth
1 year
▲ 60%
3 years · compounded
▼ 59%
5 years · compounded
▼ 34%
Revenue has grown at a compounded annual rate (CAGR) of 50% over five years, including 7% growth in the latest year. EBITDA rose 60% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹35.31 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹66.22 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -22.9% | ||||
| Net Profit Margin | -42.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Polycure Martech Ltd, buy the company report.
Board of directors of Polycure Martech Ltd
Polycure Martech 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 |
|---|---|---|---|---|
| Khailesh Kumawat | Director | 23 Jun 2025 | 1 Years 4 Months | Current |
| Vishal Baid | Director | 01 Mar 1996 | 30 Years 7 Months | Current |
| Himanshu Baid Also directs: Poly Medicure Limited, Exicom Tele-Systems Limited, Aditya Infotech Limited and 2 more | Director | 01 Mar 1998 | 28 Years 7 Months | Current |
| Jugal Kishore Baid Also directs: Poly Medicure Limited | Director | 01 Nov 1997 | 28 Years 11 Months | Current |
Auditor
Polycure Martech Ltd is audited by N.BHANDARI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.BHANDARI & CO. | FY 2023 | 003185C |
Shareholding
The shareholding of Polycure Martech 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 Polycure Martech Ltd, buy the company report.
Charges & borrowings
Open charges
₹16.75 Cr
Satisfied charges
₹11.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Aug 2001 | 90065938 | Others | ₹16.75 Cr | Open | |
| 15 Apr 2013 | 10424926 | Bank of Baroda | ₹1.15 Cr | Satisfied | |
| 30 Oct 2010 | 10248870 | Bank of Baroda | ₹2.32 Cr | Satisfied | |
| 23 Jan 2010 | 10201676 | Bank of Baroda | ₹71.25 Lakh | Satisfied | |
| 09 Mar 2009 | 10148947 | Bank of Baroda | ₹50 Lakh | Satisfied |
To see the full charge records of Polycure Martech Ltd, buy the company report.
Total charge records: 9 View all charges
Legal cases
Polycure Martech Ltd has 1 court case on record: 1 filed by Polycure Martech. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Jaipur | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Polycure Martech 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 Polycure Martech Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Polycure Martech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AABCP7761R1ZL | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Polycure Martech Ltd, buy the company report.
Recent activity
Polycure Martech Ltd has 6 board changes on record since 1996: 4 appointments and 2 cessations. The latest: Khailesh Kumawat was appointed as Director on 23 Jun 2025.
AGM
Polycure Martech Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Khailesh Kumawat was appointed as Director.
Filing
Polycure Martech Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Jaipur.
Charges
A charge with Others of Rs. 16.75 Cr registered on 20 Aug 2001 with Charge ID 90065938 was modified on 06 Feb 2025.
Charges
A charge registered on 15 Apr 2013 via Charge ID 10424926 with Bank Of Baroda was fully satisfied on 21 May 2022.
Charges
A charge registered on 30 Oct 2010 via Charge ID 10248870 with Bank Of Baroda was fully satisfied on 21 May 2022.
Charges
A charge registered on 23 Jan 2010 via Charge ID 10201676 with Bank Of Baroda was fully satisfied on 21 May 2022.
Charges
A charge registered on 09 Mar 2009 via Charge ID 10148947 with Bank Of Baroda was fully satisfied on 21 May 2022.
Charges
A charge registered on 14 May 2007 via Charge ID 10055587 with Bank Of Baroda was fully satisfied on 21 May 2022.
Charges
A charge registered on 20 Aug 2003 via Charge ID 90065973 with Bank Of Baroda was fully satisfied on 21 May 2022.
Charges
A charge registered on 06 Nov 1998 via Charge ID 90066860 with Bank Of Baroda was fully satisfied on 21 May 2022.
Charges
A charge registered on 14 Aug 2006 via Charge ID 10015167 with State Bank Of India was fully satisfied on 18 Dec 2015.
17 earlier events are in the company report.
Frequently asked questions
Polycure Martech is an active public limited company based in Jaipur, Rajasthan, India. The company works in medical consumables and supplies, within the healthcare industry. It was incorporated on 01 March 1996 (30+ years old) and is registered under CIN U13112RJ1996PLC011668.
Polycure Martech has 4 current directors:
- Khailesh Kumawat - Director
- Vishal Baid - Director
- Himanshu Baid - Director
- Jugal Kishore Baid - Director
The latest financial statements of Polycure Martech 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 Polycure Martech is 08AABCP7761R1ZL, registered in Rajasthan.
The CIN (Corporate Identification Number) of Polycure Martech is U13112RJ1996PLC011668. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polycure Martech has 1 court case on record: 1 filed by the company.
Polycure Martech was incorporated on 01 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Jaipur.
Khailesh Kumawat was appointed as Director on 23 Jun 2025. Mukulika Baid ceased to be Director on 15 Jan 2014. Neha Baid ceased to be Director on 15 Jan 2014. Polycure Martech has 6 board changes on record in total.
Yes, Polycure Martech is registered as a micro enterprise under Udyam registration (number: UDYAM-RJ-17-0153714).
The registered office of Polycure Martech is at B – 64 Polocon House Baise Godam, Jaipur, Rajasthan, India.