About Polyflex Technologies Private Limited
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Polyflex Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 12 August 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1998PTC024073. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1.03 Lakh. It is led by directors Swarna Nichani (Whole-Time Director) and Anand Balram Nichani (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 Royal Park No. 5 & 6 First Floor Park Road Tasker Town Ward No. 78, Bangalore, Karnataka, India – 560051.
As per the financials filed for FY 2024, the company reported a revenue of ₹47.02 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹38.6 Lakh (net margin 82.1%) and EBITDA of ₹44.04 Lakh (EBITDA margin 93.7%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 11% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polyflex.in.
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- Website
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- Registered AddressRoyal Park No. 5 & 6 First Floor Park Road Tasker Town Ward No. 78, Bangalore, Karnataka, India – 560051
- IndustryManufacturing, Plastic & Resins
- 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
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Financials of Polyflex Technologies Private Limited FY 2025 filings available
Polyflex Technologies Private Limited reported revenue of ₹47.02 Lakh (up 229% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Polyflex Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 229% growth 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 Polyflex Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹44.04 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹38.6 Lakh | •••• | •••• | •••• | •••• |
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| Share Capital | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Polyflex Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 93.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 82.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
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| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
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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 Polyflex Technologies 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 Polyflex Technologies Private Limited
Polyflex Technologies Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Plastics and Resins). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Triveni Polytech Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Tripur Polymer Private Limited | •••• | •••• | •••• | •••• | - | Agartala, Tripura, India |
| SMS Flexitech Corp Private Limited | •••• | •••• | •••• | •••• | - | Chakan, Maharashtra, India |
| Jaikapeesh Polymers Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| TGP Bioplastics Private Limited | •••• | •••• | •••• | •••• | - | Satara, Maharashtra, India |
| Polyflex Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| N K Y Ambience Solution Private Limited | •••• | •••• | •••• | •••• | - | Dhule, Maharashtra, India |
| Manan Chemoplast Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Capsil Exim Private Limited | •••• | •••• | •••• | •••• | - | Kamrej, Gujarat, India |
| Shree Shubh Laxmi Polyplast Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| SKB Polymers Private Limited | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Polyflex Technologies by revenue in the Manufacturing industry (Plastics and Resins), 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 Polyflex Technologies Private Limited
Polyflex Technologies Private Limited is audited by RAGHAVAN CHAUDHURI & NARAYANAN for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAGHAVAN CHAUDHURI & NARAYANAN | 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 Polyflex Technologies Private Limited
Polyflex Technologies has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swarna Nichani Also directs: Polyflex(India) Private Limited | Whole-Time Director | 12 Aug 1998 | 28 Years 1 Months | Current |
| Anand Balram Nichani | Whole-Time Director | 12 Aug 1998 | 28 Years 1 Months | Current |
Ownership and Shareholding of Polyflex Technologies 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 Polyflex Technologies Private Limited
Polyflex Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Polyflex Technologies Private Limited
Employment history and EPFO contributions of people linked to Polyflex Technologies.
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.
CIN History of Polyflex Technologies Private Limited
Polyflex Technologies has one previous CIN (Corporate Identification Number): U85110KA1998PLC024073. The current CIN is U85110KA1998PTC024073, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1998PTC024073 | Current |
| U85110KA1998PLC024073 | Previous |
Recent Activity on Polyflex Technologies Private Limited
Polyflex Technologies Private Limited has 3 board changes on record since 1998: 2 appointments and 1 cessation. The latest: Nichani Udhavdas Balram ceased to be Managing Director on 23 Feb 2018.
Credit Ratings, Litigation & Regulatory Alerts for Polyflex Technologies 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.
MSME Payment Delays by Polyflex Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Polyflex Technologies 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 Polyflex Technologies Private Limited
Polyflex Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Polyflex Technologies 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 Polyflex Technologies Private Limited
Polyflex Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 12 August 1998 (28+ years old) and is registered under CIN U85110KA1998PTC024073.
Polyflex Technologies reported revenue of ₹47.02 Lakh for FY 2024 (up 229% YoY).
Polyflex Technologies has 2 current directors:
- Swarna Nichani - Whole-Time Director
- Anand Balram Nichani - Whole-Time Director
Polyflex Technologies reported a net profit of ₹38.6 Lakh (net margin 82.1%) and EBITDA of ₹44.04 Lakh (EBITDA margin 93.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Polyflex Technologies is -24% over three years and 11% over five years. In the latest year (FY 2024) revenue rose 229%. CAGR is the steady yearly rate that links the first and the last year.
No. Polyflex Technologies has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Polyflex Technologies is U85110KA1998PTC024073. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polyflex Technologies was incorporated on 12 August 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Polyflex Technologies by revenue are Triveni Polytech Private Limited, Tripur Polymer Private Limited, SMS Flexitech Corp Private Limited, Jaikapeesh Polymers Private Limited, TGP Bioplastics Private Limited and 5 more, all in the Manufacturing industry (Plastics and Resins).
Nichani Udhavdas Balram ceased to be Managing Director on 23 Feb 2018. Anand Balram Nichani was appointed as Whole-Time Director on 12 Aug 1998. Swarna Nichani was appointed as Whole-Time Director on 12 Aug 1998.
Polyflex Technologies can be reached through the website polyflex.in. Its registered office is in Bangalore, Karnataka, India.