Polyflex(India) Private Limited - Company Profile

It is a consumer goods private limited company based in Bangalore, Karnataka, India, established in 1983.

1983 Bangalore, Karnataka, India Active

Last Updated: February 11, 2026

About Polyflex(India) Private Limited

Polyflex(India) Private Limited, a active private limited company, was established on 07 November 1983 in Bangalore, Karnataka, India. Engaging in home furnishings manufacturing within the trade sector, it holds CIN: U24134KA1983PTC005669. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹7.50 M and a paid-up capital of ₹5.92 M.

It upholds a compliant status. Its leadership includes Vinay Hiru Panjabi (Director), Swarna Nichani (Director), Sreenidhi Anand Nichani (Director). Past directors included Nichani Udhavdas Balram, Swarna Nichani. It holds ₹5.75 Cr open charges and ₹61.84 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Royal Park No. 5 & 6, First Floor, Park Road, Tasker Town, Ward No. 78, Bangalore, Karnataka, 560051.

Company Details

CIN/LLPIN
U24134KA1983PTC005669
Registration Number
005669
Incorporation Date
07 November 1983
Authorized Capital
₹7.50 M
Paid-Up Capital
₹5.92 M
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 7.50 M as on 11-02-2026
Paid Up Capital ₹ 5.92 M as on 11-02-2026
Company Age 42 Year, 4 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 5.75 Cr as on 11-02-2026
Satisfied Charges ₹ 61.84 Cr as on 11-02-2026
Revenue Growth **** 41.00% (FY 2023)
Profit Growth **** 48.01% (FY 2023)
Ebitda **** -289.13% (FY 2023)
Net Worth 10.24% (FY 2023)
Total Assets **** 9.43% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Polyflex(India) Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Polyflex(India) Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Vinay Hiru Panjabi	Director	30 Nov 2000	Current
Swarna Nichani	Director	30 Aug 2017	Current
Sreenidhi Anand Nichani	Director	25 Aug 2021	Current
Anand Balram Nichani	Whole-Time Director	28 Sep 1992	Current
Premnidhi Nichani	Director	17 Mar 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Managing Director	23 Feb 2018	Past
Pramod Abcsdd	Additional Director	29 Sep 2017	Past

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Financial Performance of Polyflex(India).

Polyflex(India) Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 41% increase. The company also saw a substantial improvement in profitability, with a 48.01% increase in profit. The company's net worth Soared by an impressive increase of 10.24%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

41.00%

*******

Revenue from Operations

*******

33.86%

*******

Total Assets

*******

9.43%

*******

Profit or Loss

*******

48.01%

*******

Net Worth

*******

10.24%

*******

EBITDA

*******

-289.13%

*******

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What is the Ownership and Shareholding Structure of Polyflex(India)?

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Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹57,500,000.00

Satisfied Charges

₹618,400,000.00

Charges Breakdown by Lending Institutions

Others : 3.00 Cr
The Hongkong And Shanghai Banking Corporation Limited : 2.75 Cr

Latest Charge Details

Date	Lender	Amount	Status
13 Nov 2024	Others	₹3.00 Cr	Open
20 Sep 2023	The Hongkong And Shanghai Banking Corporation Limited	₹2.75 Cr	Open
12 Dec 2012	Corporation Bank	₹7.50 Cr	Satisfied
22 Apr 2001	Citibank N.A	₹4.00 Cr	Satisfied
20 Nov 1999	Karnataka State Financial Corportion	₹1.60 M	Satisfied

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How Many Employees Work at Polyflex(India)?

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Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Polyflex(India), offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Polyflex(India)'s trajectory.

Rating

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Alerts

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Latest Updates, News, and FAQs on Polyflex(India)

Recent Activity within the Organization

Annual General Meeting

Polyflex(India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.
30 Sep 2025
Balance Sheet

Progress on Polyflex(India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore. was documented.
31 Mar 2025
Director Appointment

Progress on Premnidhi Nichani was appointed as a Director was appointed as a Director on 17 Mar 2025 & has been associated with this company since 1 year 12 days . was documented.
17 Mar 2025
Charges

The activity A charge with Others amounted to Rs. 30.00 M with Charge ID 101004953 was registered on 13 Nov 2024. was completed.
13 Nov 2024
Charges

The activity A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 27.50 M with Charge ID 100808205 was registered on 20 Sep 2023. was completed.
20 Sep 2023
Charges

The activity A charge registered on 12 Dec 2012 via Charge ID 10398042 with Corporation Bank was fully satisfied on 18 May 2023. was completed.
18 May 2023

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