About Polyfines India Limited
Data last updated:
Polyfines India Limited is a public limited company based in Coimbatore, Tamil Nadu, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 25 March 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U02520TZ1985PLC001578. Its GSTIN is 33AABCP3026F1ZZ (Tamil Nadu).
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹45 Lakh. It is led by directors including Umaidmal Jain (Managing Director) and Surendra Kumar Jain (Whole-Time Director).
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 No. 5 / 610 Kng Pudur Road Somayampalayam Po, Coimbatore, Tamil Nadu, India – 641108.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.58 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹31.68 Lakh (net margin -6.9%) and EBITDA of -₹24.88 Lakh (EBITDA margin -5.4%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Polyfines India Limited. As per MCA filings, the company has open charges of ₹37.1 Lakh on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polyfinesindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 5 / 610 Kng Pudur Road Somayampalayam Po, Coimbatore, Tamil Nadu, India – 641108
- IndustryManufacturing, Pipe & Tubes
- 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 Polyfines India Limited
The main business activity of Polyfines India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | 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 Polyfines India Limited FY 2025 filings available
Polyfines India Limited reported revenue of ₹4.58 Cr (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Polyfines India Limited
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 17% fall in the latest year. EBITDA fell 266% 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 Polyfines India Limited
| Metrics | FY 2024-25 | 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 | -₹24.88 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹31.68 Lakh | •••• | •••• | •••• | •••• |
| 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 Polyfines India Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -6.9% | •••• | •••• | •••• | •••• |
| 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 Polyfines India 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 Polyfines India Limited
Polyfines India Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Pipes). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mfab Tech Private Limited | ₹4.77 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Kolar, Karnataka, India |
| United Pipes and Fittings Kochi Private Limited | ₹4.71 Cr (FY 2024) | •••• | •••• | 60.0% | •••• | Ernakulam, Kerala, India |
| Koncept Prosthetic Private Limited | ₹4.7 Cr (FY 2025) | •••• | •••• | -59.0% | •••• | New Delhi, Delhi, India |
| Mectech Piping Solutions Private Limited | ₹4.66 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Hydro-Flex Piping Systems Private Limited | ₹4.64 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Sriperumbudur, Tamil Nadu, India |
| Polyfines India Limited this company | ₹4.58 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Coimbatore, Tamil Nadu, India |
| Superplast Polyproducts India Private Limited | ₹4.54 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Thrissur, Kerala, India |
| Beetle Enterprises Limited | ₹4.53 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | New Delhi, Delhi, India |
| Top Plastic Products Private Limited | ₹4.52 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | Rajkot, Gujarat, India |
| KDS Window Solutions Private Limited | ₹4.47 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | New Delhi, Delhi, India |
| Akshay Infratech Private Limited | ₹4.45 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Meerut, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Polyfines India by revenue in the Manufacturing industry (Pipes), 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 Polyfines India Limited
Polyfines India Limited is audited by V. KRISHNAN AND CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V. KRISHNAN AND 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 Polyfines India Limited
Polyfines India 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 |
|---|---|---|---|---|
| Surendra Kumar Jain | Whole-Time Director | 08 Mar 2004 | 22 Years 7 Months | Current |
| Chandra Jain | Director | 25 Mar 1985 | 41 Years 6 Months | Current |
| Umaidmal Jain | Managing Director | 08 Mar 2004 | 22 Years 7 Months | Current |
| Yaswant Kumar Jain | Whole-Time Director | 01 Jun 2018 | 8 Years 4 Months | Current |
Ownership and Shareholding of Polyfines India 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 Polyfines India Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Nov 2025 | Others | ₹12.1 Lakh | Open |
| 04 Sep 2010 | Bank of Baroda | ₹25 Lakh | Open |
Total charge records: 2 View all charges
Legal Cases of Polyfines India Limited
Polyfines India Limited has 2 court cases on record: 1 filed by Polyfines India, 1 filed against it. All cases are disposed. Status as checked between 30 Sep 2026 and 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Civil suit | Filed against the company by State of Tamilnadu | Disposed |
| Madras High Court | Writ petition | Filed by the company against Assistant Commissioner | Disposed |
Full case history
All 2 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 Polyfines India Limited
Polyfines India Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 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.
Associated Brands with Polyfines India Limited
Polyfines India operates one associated brand: Polyfines India Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of PVC hoses and tubing in India. | polyfinesindia.com |
Employees and EPFO Compliance at Polyfines India Limited
Polyfines India Limited has a workforce of 18 employees as of Apr 02, 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 Polyfines India Limited
Polyfines India Limited has 6 board changes on record since 1985: 4 appointments and 2 cessations. The latest: Yaswant Kumar Jain was appointed as Whole-Time Director on 01 Jun 2018.
Credit Ratings, Litigation & Regulatory Alerts for Polyfines India 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 Polyfines India 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 Polyfines India Limited
Polyfines India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCP3026F1ZZ | 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 Polyfines India 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 Polyfines India Limited
Polyfines India is an active public limited company based in Coimbatore, Tamil Nadu, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 25 March 1985 (41+ years old) and is registered under CIN U02520TZ1985PLC001578.
Polyfines India reported revenue of ₹4.58 Cr for FY 2025 (down 17% YoY).
Polyfines India has 4 current directors:
- Umaidmal Jain - Managing Director
- Surendra Kumar Jain - Whole-Time Director
- Yaswant Kumar Jain - Whole-Time Director
- Chandra Jain - Director
Polyfines India reported a net loss of ₹31.68 Lakh (net margin -6.9%) and EBITDA of -₹24.88 Lakh (EBITDA margin -5.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Polyfines India is -8% over three years. In the latest year (FY 2025) revenue fell 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Polyfines India is 33AABCP3026F1ZZ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Polyfines India is U02520TZ1985PLC001578. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polyfines India has 2 court cases on record: 1 filed by the company and 1 filed against it.
Polyfines India was incorporated on 25 March 1985, making it 41+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Polyfines India by revenue are Mfab Tech Private Limited, United Pipes and Fittings Kochi Private Limited, Koncept Prosthetic Private Limited, Mectech Piping Solutions Private Limited, Hydro-Flex Piping Systems Private Limited and 5 more, all in the Manufacturing industry (Pipes).
Yaswant Kumar Jain was appointed as Whole-Time Director on 01 Jun 2018. Pyare Lal Jain Mangilal Jain ceased to be Managing Director on 22 Jan 2012. Umaidmal Jain ceased to be Director on 05 Mar 2009. Polyfines India has 6 board changes on record in total.
Polyfines India has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.