About Polyelastic Private Limited
Data last updated:
Polyelastic Private Limited is a private limited company based in Ponneri Taluk, Tamil Nadu, India. It operates in the rubber-based products segment of the manufacturing sector. It was incorporated on 27 June 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U25209TN1986PTC013143. Its GSTIN is 33AAACP1960D1ZX (Tamil Nadu).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Balasubramanian Sivanesa (Managing Director) and Ravi Rajan Somasundaram Gurusamy (Whole-Time Director).
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 Survey No.172/2 B2 Door No.2/218 G.N.T.Road Panjetty Village, Ponneri Taluk, Tamil Nadu, India – 601204.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.35 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net loss of ₹1.64 Cr (net margin -12.3%) and EBITDA of -₹56.39 Lakh (EBITDA margin -4.2%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 13% over five years.
The company has about 82 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.77 Cr and satisfied charges of ₹4.31 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 10 deals on record (7 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹18.4 Lakh; the latest was in March 2021. Its 10 peer companies in the Manufacturing industry (Rubber Based Products) are compared by revenue, 5 larger and 5 smaller; the largest is Fluoroplast Solutions Private Limited. The company has 2 MSME Form 1 returns on record between 2019 and 2024, listing 25 overdue payments to 11 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polyelastic.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSurvey No.172/2 B2 Door No.2/218 G.N.T.Road Panjetty Village, Ponneri Taluk, Tamil Nadu, India – 601204
- IndustryManufacturing, Rubber-Based Products
- 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 Polyelastic Private Limited
The main business activity of Polyelastic is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | 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 Polyelastic Private Limited FY 2024 filings available
Polyelastic Private Limited reported revenue of ₹13.35 Cr (up 21% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Polyelastic Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 21% growth in the latest year. EBITDA rose 55% 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 Polyelastic Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹56.39 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.64 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 Polyelastic Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -12.3% | •••• | •••• | •••• | •••• |
| 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 Polyelastic 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.
Peer Comparison of Polyelastic Private Limited
Polyelastic Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Rubber Based Products). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fluoroplast Solutions Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Raathi Plastic Private Limited | •••• | •••• | •••• | •••• | - | Rishra, West Bengal, India |
| Mettle Polymers and Artifacts Limited | •••• | •••• | •••• | •••• | - | Kapurthala., Punjab, India |
| Crown Seals Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Blessings Private Limited | •••• | •••• | •••• | •••• | - | Cuttack, Orissa, India |
| Polyelastic Private Limited this company | •••• | •••• | •••• | •••• | - | Ponneri Taluk, Tamil Nadu, India |
| Irm Infraprojects Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Alfa Rubber & Springs Private Limited | •••• | •••• | •••• | •••• | - | Gummidipoondi, Tamil Nadu, India |
| Rander Petro Chem Private Limited | •••• | •••• | •••• | •••• | - | Kolar, Karnataka, India |
| Lion Pencils Limited | •••• | •••• | •••• | •••• | - | Maharashtra, India |
| Napasar Polymer Private Limited | •••• | •••• | •••• | •••• | 16 | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Polyelastic by revenue in the Manufacturing industry (Rubber Based Products), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Polyelastic Private Limited
Polyelastic Private Limited is audited by B. Thiagarajan &Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B. Thiagarajan &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 Polyelastic Private Limited
Polyelastic has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasubramanian Sivanesa | Managing Director | 01 Jan 2016 | 10 Years 9 Months | Current |
| Niranjan Ravirajan | Director | 07 Apr 2010 | 16 Years 6 Months | Current |
| Padmavathy Ravirajan | Director | 25 Mar 2003 | 23 Years 6 Months | Current |
| Ravi Rajan Somasundaram Gurusamy | Whole-Time Director | 27 Jun 1986 | 40 Years 3 Months | Current |
Ownership and Shareholding of Polyelastic 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 Polyelastic Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Dec 2017 | Others | ₹3.77 Cr | Open |
| 18 Dec 2015 | Tamilnad Mercantile Bank Limited | ₹1.4 Cr | Satisfied |
| 16 Mar 2009 | Tamilnad Mercantile Bank Limited | ₹1.21 Cr | Satisfied |
| 16 Mar 2009 | Tamilnad Mercantile Bank Limited | ₹9 Lakh | Satisfied |
| 17 Mar 2006 | Tamilnad Mercantile Bank Limited | ₹77.13 Lakh | Satisfied |
Total charge records: 15 View all charges
Deals & Funding of Polyelastic Private Limited
Polyelastic Private Limited has 10 deals on record (7 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹18.4 Lakh; the latest was in March 2021.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Integrated Enterprises (India) Private Limited |
| Mar 2021 | Rights issue | ₹75 Lakh | Investors: an individual |
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Seller: 3 individuals |
Full deal history
All 10 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Polyelastic Private Limited
Polyelastic Private Limited has 3 court cases on record: 2 filed by Polyelastic, 1 filed against it. All cases are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed against the company by Magnum Enterprises | Disposed |
| District court, Chennai, Tamil Nadu | Execution petition | Filed by the company against Magnum Enterprises | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against Jap Overseas | Disposed |
Full case history
All 3 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.
MSME Payment Delays by Polyelastic Private Limited
Polyelastic Private Limited has 2 MSME Form 1 returns on record between 2019 and 2024, listing 25 overdue payments to 11 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Zenith Fibress | •••• | •••• | •••• |
| National Synthetics | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Shree Polyester Industries Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Polyelastic Private Limited
Polyelastic Private Limited has a workforce of 82 employees as of Apr 07, 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 Polyelastic Private Limited
Polyelastic Private Limited has 6 board changes on record since 1986: 4 appointments and 2 cessations. The latest: Balasubramanian Sivanesa ceased to be Additional Director on 23 Sep 2016.
34 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Polyelastic 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.
Subsidiaries & Group Companies of Polyelastic 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 Polyelastic Private Limited
Polyelastic has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACP1960D1ZX | Tamil Nadu | 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 Polyelastic 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 Polyelastic Private Limited
Polyelastic is an active private limited company based in Ponneri Taluk, Tamil Nadu, India. The company works in rubber-based products, within the manufacturing industry. It was incorporated on 27 June 1986 (40+ years old) and is registered under CIN U25209TN1986PTC013143.
Polyelastic reported revenue of ₹13.35 Cr for FY 2024 (up 21% YoY).
Polyelastic has 4 current directors:
- Balasubramanian Sivanesa - Managing Director
- Ravi Rajan Somasundaram Gurusamy - Whole-Time Director
- Niranjan Ravirajan - Director
- Padmavathy Ravirajan - Director
Polyelastic reported a net loss of ₹1.64 Cr (net margin -12.3%) and EBITDA of -₹56.39 Lakh (EBITDA margin -4.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Polyelastic is 13% over three years and 13% over five years. In the latest year (FY 2024) revenue rose 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Polyelastic is 33AAACP1960D1ZX, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Polyelastic is U25209TN1986PTC013143. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polyelastic has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the district courts.
Polyelastic was incorporated on 27 June 1986, making it 40+ years old. It is registered with the Registrar of Companies, Chennai.
Polyelastic has 10 deals on record (7 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹18.4 Lakh; the latest was in March 2021.
The peers of Polyelastic by revenue are Fluoroplast Solutions Private Limited, Raathi Plastic Private Limited, Mettle Polymers and Artifacts Limited, Crown Seals Private Limited, Blessings Private Limited and 5 more, all in the Manufacturing industry (Rubber Based Products).
Balasubramanian Sivanesa ceased to be Additional Director on 23 Sep 2016. Balasubramanian Sivanesa was appointed as Managing Director on 01 Jan 2016. Ravi Rajan Somasundaram Gurusamy ceased to be Managing Director on 01 Jan 2016. Polyelastic has 6 board changes on record in total.