Polygel Industries Private Limited - Company Profile

It is a chemicals and materials private limited company based in Thane, Maharashtra, India, established in 1994.

1994 Thane, Maharashtra, India Active

Last Updated: December 20, 2025

About Polygel Industries Private Limited

Polygel Industries Private Limited, a active private limited company, was established on 04 August 1994 in Thane, Maharashtra, India. Engaging in specialty chemicals within the manufacturing sector, it holds CIN: U58200MH1994PTC080074. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹55.00 Cr and a paid-up capital of ₹20.57 Cr.

Formerly known as Khukri Polytex Pvt Ltd, Polygel Technologies (India) Private Limited. It upholds a compliant status. Employing 127 professional, Its leadership includes Luv Nandkishore Shah (Managing Director), Ranjit Singh (Director), Nand Kishore Shah (Director). Past directors included Mohammed Abdul Muiz Moyeenuddin Chowdhury, Prem Raj Mehta, Vijay Dilbagh Rai. It holds ₹30.00 Cr open charges and ₹92.43 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Office No. 2204, G-Square Business Park,, Plot No. 25 & 26, Sector 30, Vashi, Navi Mumbai, Thane, Maharashtra, 400705.

Company Details

CIN/LLPIN
U58200MH1994PTC080074
Registration Number
080074
Incorporation Date
04 August 1994
Authorized Capital
₹55.00 Cr
Paid-Up Capital
₹20.57 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 55.00 Cr as on 20-12-2025
Paid Up Capital ₹ 20.57 Cr as on 20-12-2025
Company Age 31 Year, 6 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 30.00 Cr as on 20-12-2025
Satisfied Charges ₹ 92.43 Cr as on 20-12-2025
Revenue Growth **** -48.50% (FY 2024)
Profit Growth **** -93.65% (FY 2024)
Ebitda **** 113.21% (FY 2024)
Net Worth -13.53% (FY 2024)
Total Assets -13.10% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Polygel Industries 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 Polygel Industries Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Luv Nandkishore Shah	Managing Director	02 Dec 1996	Current
Ranjit Singh	Director	20 Oct 2023	Current
Nand Kishore Shah	Director	30 Sep 2013	Current
Rahul Vijay Raichand	Director	19 Mar 2018	Current
Anil Sayaji Phatangare	Director	30 Sep 2024	Current
Chetan Navin Shah	Director	20 Oct 2023	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Nominee Director	03 Jun 2015	Past
Pramod Abcsdd	Director	06 Jul 2022	Past
Pramod Abcsdd	Additional Director	15 Jan 2013	Past
Pramod Abcsdd	Director	31 Dec 2010	Past
Pramod Abcsdd	Additional Director	20 Mar 2015	Past
Pramod Abcsdd	Director	19 Mar 2018	Past

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Financial Performance of Polygel Industries.

Polygel Industries Private Limited, for the financial year ended 2024, experienced significant reduction in revenue, with a 48.5% decrease. The company also saw a substantial fall in profitability, with a 93.65% decrease in profit. The company's net worth observed a substantial decline by a decrease of 13.53%.

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

********

-48.50%

*******

Revenue from Operations

*******

7.78%

*******

Total Assets

*******

-13.10%

*******

Profit or Loss

*******

-93.65%

*******

Net Worth

*******

-13.53%

*******

EBITDA

*******

113.21%

*******

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What is the Ownership and Shareholding Structure of Polygel Industries?

In 2024, Polygel Industries had a promoter holding of 90.62% and a public holding of 9.38%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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

₹300,000,000.00

Satisfied Charges

₹924,338,000.00

Charges Breakdown by Lending Institutions

Uco Bank : 20.00 Cr
Others : 10.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
24 Jan 2025	Uco Bank	₹20.00 Cr	Open
04 Nov 2024	Others	₹10.00 Cr	Open
16 Jun 2022	Others	₹2.80 M	Satisfied
22 Feb 2022	Others	₹5.57 M	Satisfied
29 Nov 2021	Others	₹5.29 Cr	Satisfied

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How Many Employees Work at Polygel Industries?

Polygel Industries has a workforce of 127 employees as of Apr 05, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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 Polygel Industries, 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 Polygel Industries's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Polygel Industries

Recent Activity within the Organization

Annual General Meeting

Polygel Industries 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
Charges

A charge registered on 16 Jun 2022 via Charge ID 100586982 with Others was fully satisfied on 21 Aug 2025. was recorded as a recent event.
21 Aug 2025
Charges

Progress on A charge registered on 22 Feb 2022 via Charge ID 100541974 with Others was fully satisfied on 21 Aug 2025. was documented.
21 Aug 2025
Balance Sheet

Polygel Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was recorded as a recent event.
31 Mar 2025
Charges

Progress on A charge registered on 29 Nov 2021 via Charge ID 100529258 with Others was fully satisfied on 07 Mar 2025. was documented.
07 Mar 2025
Charges

A charge with Uco Bank amounted to Rs. 20.00 Cr with Charge ID 101062035 was registered on 24 Jan 2025. was recorded as a recent event.
24 Jan 2025

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