About Revalyu Recycling (India) Limited
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Revalyu Recycling (India) Limited is a public limited company based in Avankhed, Maharashtra, India, a subsidiary of Revalyu Resources Gmbh. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 06 October 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17120MH1981PLC025388. Its GSTIN is 27AAACM7390Q1ZQ (Maharashtra).
The company has an authorised share capital of ₹300 Cr and a paid-up capital of ₹286.21 Cr. It was formerly known as Polygenta Technologies Limited and Maskara Polytex Pvt Ltd. It is led by directors including Makarand Madhav Kulkarni (Whole-Time Director) and Dhanvant Hari Yeola (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gut No. 265/1 – 266 Village – Avankhed, Maharashtra, India – 422202.
As per the financials filed for FY 2025, the company reported a revenue of ₹169.21 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹108.57 Cr (net margin -64.2%) and EBITDA of -₹28.88 Cr (EBITDA margin -17.1%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 7% over five years.
The company is associated with 3 brands: Revalyu, Polygenta and revalyu Resources. As per MCA filings, the company has open charges of ₹95 Cr and satisfied charges of ₹350.57 Cr on record. Court records list 41 cases involving the company, including 10 filed by the company and 31 filed against it; 6 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹14.25 Cr; the latest was in April 2014. The company has 6 MSME Form 1 returns on record between 2019 and 2021, listing 107 overdue payments to 44 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 polygenta.com.
Company details
Name history
Revalyu Recycling (India) has undergone 2 name changes throughout its history. The company was previously known as Polygenta Technologies Limited, and Maskara Polytex Pvt Ltd. The current legal name is Revalyu Recycling (India) Limited.
| Company Name | Status |
|---|---|
| Revalyu Recycling (India) Limited | Current |
| Polygenta Technologies Limited | Previous |
| Maskara Polytex Pvt Ltd | Previous |
CIN history
Revalyu Recycling (India) has one previous CIN (Corporate Identification Number): L17120MH1981PLC025388. The current CIN is U17120MH1981PLC025388, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17120MH1981PLC025388 | Current |
| L17120MH1981PLC025388 | Previous |
Contact details
Revalyu Recycling (India) Limited's registered office is in Avankhed, Maharashtra. Its website is polygenta.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGut No. 265/1 – 266 Village – Avankhed, Maharashtra, India – 422202
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Revalyu Recycling (India) Limited, buy the company report.
- 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
Brands
Revalyu Recycling (India) operates multiple associated brands including Revalyu, Polygenta, and revalyu Resources. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Recycles PET bottles to produce high-quality chips and yarns for textiles. | revalyu.in | |
| PET bottles are chemically recycled to produce yarns and chips. | polygenta.com | |
| Multiple solutions for plastic bottle recycling are developed. | revalyu.com |
Business activity
The main business activity of Revalyu Recycling (India) is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Revalyu Recycling (India) Limited, buy the company report.
Financials of Revalyu Recycling (India) Limited
FY 2025 filings availableRevalyu Recycling (India) Limited reported revenue of ₹169.21 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 5% growth in the latest year. EBITDA fell 613% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹28.88 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹108.57 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -17.1% | ||||
| Net Profit Margin | -64.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Revalyu Recycling (India) Limited, buy the company report.
Board of directors and KMP of Revalyu Recycling (India) Limited
Revalyu Recycling (India) Limited currently reports 5 directors and 1 key managerial person. 22 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sujata Chattopadhyay Also directs: Iitl Projects Limited, Industrial Investment Trust Limited, Resolve International Private Limited and 1 more | Director | 06 Nov 2015 | 10 Years 11 Months | Current |
| Makarand Madhav Kulkarni | Whole-Time Director | 07 Dec 2021 | 4 Years 10 Months | Current |
| Sandeep Sadashiv Deshpande Also directs: NRB Industrial Bearings Limited | Additional Director | 29 Nov 2025 | 0 Years 11 Months | Current |
| Chetan Gandhi Rajendra Also directs: Integrated Financial Consultants LLP | Cfo | 01 Jul 2020 | 6 Years 3 Months | Current |
| Dhanvant Hari Yeola | Whole-Time Director | 08 Feb 2019 | 7 Years 8 Months | Current |
| Deepak Shetty | Director | 03 Dec 2020 | 5 Years 10 Months | Current |
Auditor
Revalyu Recycling (India) Limited is audited by LODHA & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LODHA & COMPANY | FY 2023 | 301051E |
Shareholding
The shareholding of Revalyu Recycling (India) Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Revalyu Recycling (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2024 | 100943177 | Others | ₹55 Cr | Open | |
| 21 Oct 2021 | 100491724 | Others | ₹40 Cr | Open | |
| 17 Mar 2023 | 100693662 | Others | ₹261.46 Cr | Satisfied | |
| 22 Dec 2020 | 100406926 | Others | ₹96 Lakh | Satisfied | |
| 22 Dec 2020 | 100406945 | Others | ₹96 Lakh | Satisfied |
To see the full charge records of Revalyu Recycling (India) Limited, buy the company report.
Total charge records: 30 View all charges
Deals & funding
Revalyu Recycling (India) Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹14.25 Cr; the latest was in April 2014.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2014 | Funding round | ₹14.25 Cr | Investors: VenturEast |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: Aloe Private Equity Seller: PerPETual Global Ltd. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Revalyu Recycling (India) Limited has 41 court cases on record: 10 filed by Revalyu Recycling (India), 31 filed against it. 6 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 31 | 25 | 4 |
| District courts | 9 | 6 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Maharashtra Rajya Rashtriya Kamgar Sangha (Intuc) Nitin Bhavar Patil LLP | Disposed |
| Bombay High Court | Court case (CAP) | Filed against the company by M/S. Ashoka Buildcon Ltd. | Disposed |
| Bombay High Court | Court case (ARP) | Filed against the company by M/S. Ashoka Buildcon Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Ifci Ltd | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Pending |
To see the full case history of Revalyu Recycling (India) Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Revalyu Recycling (India) Limited was last rated by Care on 19 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 19 Nov 2020 |
To see the full credit ratings and regulatory alerts of Revalyu Recycling (India) Limited, buy the company report.
MSME payment delays
Revalyu Recycling (India) Limited has 6 MSME Form 1 returns on record between 2019 and 2021, listing 107 overdue payments to 44 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 44)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Modern Science Apparatus Private Limited | |||
| Endress + Hauser (India) Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Revalyu Recycling (India) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Revalyu Recycling (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM7390Q1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Revalyu Recycling (India) Limited, buy the company report.
Recent activity
Revalyu Recycling (India) Limited has 27 board changes on record since 2007: 6 appointments and 21 cessations. The latest: Sandeep Sadashiv Deshpande was appointed as Additional Director on 29 Nov 2025.
87 earlier events are in the company report.
News
Frequently asked questions
Revalyu Recycling (India) is an active public limited company based in Avankhed, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 06 October 1981 (45+ years old) and is registered under CIN U17120MH1981PLC025388.
Revalyu Recycling (India) has 6 current directors and KMP:
- Makarand Madhav Kulkarni - Whole-Time Director
- Dhanvant Hari Yeola - Whole-Time Director
- Sujata Chattopadhyay - Director
- Sandeep Sadashiv Deshpande - Additional Director
- Deepak Shetty - Director
- Chetan Gandhi Rajendra - Cfo
The latest financial statements of Revalyu Recycling (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Revalyu Recycling (India) is 27AAACM7390Q1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Revalyu Recycling (India) is U17120MH1981PLC025388. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Revalyu Recycling (India) has 41 court cases on record: 10 filed by the company and 31 filed against it. 6 are pending. Most are in the high courts.
Revalyu Recycling (India) was incorporated on 06 October 1981, making it 45+ years old. It is registered with the Registrar of Companies, Mumbai.
Revalyu Recycling (India) has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹14.25 Cr; the latest was in April 2014.
Sandeep Sadashiv Deshpande was appointed as Additional Director on 29 Nov 2025. Ghanshyam Vithaldas Karkera ceased to be Director on 05 Nov 2025. Sujata Chattopadhyay ceased to be Director on 30 Mar 2025. Revalyu Recycling (India) has 27 board changes on record in total.
Revalyu Recycling (India) has 6 MSME Form 1 returns on record between 2019 and 2021, listing 107 overdue payments to 44 micro and small suppliers. The latest return was filed on 23 Oct 2021.
Revalyu Recycling (India) can be reached through the website polygenta.com. Its registered office is in Avankhed, Maharashtra, India.