MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0009137
Polygon Chemicals Private Limited - chemicals and materials in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹9.36 Cr
▼ 22% YoY
Net profit · FY 2024
₹69.89 Lakh
Net margin 7.5%
EBITDA · FY 2024
₹2.39 Cr
EBITDA margin 25.6%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3 Cr
Issued & subscribed
Open charges
₹17.95 Cr
Satisfied ₹23.63 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
38
Provident fund records
About Polygon Chemicals Private Limited
Data last updated:
Polygon Chemicals Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 11 February 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1999PTC118305. Its GSTIN is 27AACCP0143N1ZE (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3 Cr. It is led by directors Kunwar Singh Panwar Sher Singh (Managing Director) and Vishwas Giridhar Patil.
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 Office – 213 Plot No 20 Sector – 19D Satra Properties Vashi, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.36 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹69.89 Lakh (net margin 7.5%) and EBITDA of ₹2.39 Cr (EBITDA margin 25.6%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 1% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Polygon Chemicals. As per MCA filings, the company has open charges of ₹17.95 Cr and satisfied charges of ₹23.63 Cr on record. Court records list 42 cases involving the company, including 24 filed by the company and 18 filed against it; 10 cases are pending.
Polygon Chemicals Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0009137). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polygonchemicals.com.
Company details
CIN U24110MH1999PTC118305
Registration Number 118305
Incorporation Date 11 February 1999
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0009137
Recognitions & Rankings of Polygon Chemicals
Contact details
Polygon Chemicals Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is polygonchemicals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice – 213 Plot No 20 Sector – 19D Satra Properties Vashi, Navi Mumbai, Maharashtra, India – 400705
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Polygon Chemicals Private Limited, buy the company report.
Comprehensive company report
Polygon Chemicals Private Limited - one report that includes everything
- 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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Secure checkout · GST invoice included
Brands
Polygon Chemicals operates one associated brand: Polygon Chemicals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Construction chemical manufacturing and water treatment solutions in India. | polygonchemicals.com |
Business activity
The main business activity of Polygon Chemicals is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Polygon Chemicals Private Limited, buy the company report.
Financials of Polygon Chemicals Private Limited
FY 2025 filings availablePolygon Chemicals Private Limited reported revenue of ₹9.36 Cr (down 22% YoY) for FY 2024.
Revenue · FY 2024
₹9.36 Cr ▼ 22%
Net profit · FY 2024
₹69.89 Lakh margin 7.5%
EBITDA · FY 2024
₹2.39 Cr margin 25.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 22%
3 years · compounded
▼ 7%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 24%
5 years · compounded
▲ 10%
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA rose 45% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹2.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹69.89 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.6% | ||||
| Net Profit Margin | 7.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Polygon Chemicals Private Limited, buy the company report.
Board of directors of Polygon Chemicals Private Limited
Polygon Chemicals has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunwar Singh Panwar Sher Singh Also directs: H2o Mineral Water Pvt. Ltd, Polyinfra Technologies Private Limited, Bharat Hydel Projects Private Limited and 1 more | Managing Director | 11 Feb 1999 | 27 Years 8 Months | Current |
| Vishwas Giridhar Patil Also directs: Polygon Farming Private Limited, H2o Mineral Water Pvt. Ltd, Garden Holdings and Trading Private Limited and 1 more | Director | 11 Feb 1999 | 27 Years 8 Months | Current |
Peer comparison
Polygon Chemicals Private Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chamundi Explosives Pvt Ltd | ₹9.42 Cr (FY 2025) | -37.0% | Nagpur, Maharashtra, India | |||
| Amax Adhesive India Private Limited | ₹9.4 Cr (FY 2025) | 117.0% | Jaipur, Rajasthan, India | |||
| Gill Chemicals Pvt Ltd | ₹9.38 Cr (FY 2025) | -1.0% | Himachal Pradesh, India | |||
| Polygon Chemicals Private Limitedthis company | ₹9.36 Cr (FY 2024) | ₹69.89 Lakh | 7.5% | -22.0% | 38 | Navi Mumbai, Maharashtra, India |
| Fibrex Construction Chemicals Private Limited | ₹9.32 Cr (FY 2025) | -15.0% | New Delhi, Delhi, India | |||
| Dac Organics Private Limited | ₹9.32 Cr (FY 2024) | -13.0% | Delhi, India | |||
| E P Industrial & Agro Products Private Limited | ₹9.29 Cr (FY 2024) | 358.0% | Secunderabad, Telangana, India |
To see the full peer comparison of Polygon Chemicals Private Limited, buy the company report.
Auditor
Polygon Chemicals Private Limited is audited by NILESH MISHRA AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NILESH MISHRA AND ASSOCIATES | FY 2023 | 126051 |
Shareholding
The shareholding of Polygon Chemicals Private 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Polygon Chemicals Private Limited, buy the company report.
Charges & borrowings
Open charges
₹17.95 Cr
Satisfied charges
₹23.63 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2022 | 100668028 | Others | ₹1.21 Cr | Open | |
| 12 Dec 2022 | 100662209 | Standard Chartered Bank | ₹3.7 Cr | Open | |
| 27 Apr 2022 | 100579628 | Yes Bank Limited | ₹1.66 Cr | Open | |
| 15 Dec 2021 | 100528769 | Standard Chartered Bank | ₹26.97 Lakh | Open | |
| 05 Jun 2018 | 100180880 | Others | ₹7.5 Cr | Open |
To see the full charge records of Polygon Chemicals Private Limited, buy the company report.
Total charge records: 17 View all charges
Legal cases
Polygon Chemicals Private Limited has 42 court cases on record: 24 filed by Polygon Chemicals, 18 filed against it. 10 cases are pending and 32 are disposed.
Total cases
42
Filed by the company
24
Filed against the company
18
Pending
10
Disposed
32
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 38 | 17 | 9 |
| High courts | 4 | 1 | 1 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Interim or miscellaneous application | Filed against the company by Dalton Mines and Minerals Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Ashapura Minechem Limited Through Ashish Shelar | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Ms Roadway Solutions India Infra Ltd | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Ameya Concretech Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by M S Recons Multichem Pvt Ltd Through Shankar S Mahindrak | Disposed |
To see the full case history of Polygon Chemicals Private 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
Polygon Chemicals Private Limited was last rated by Crisil on 24 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 24 Sep 2021 |
To see the full credit ratings and regulatory alerts of Polygon Chemicals Private Limited, buy the company report.
MSME payment delays
Polygon Chemicals Private Limited has 4 MSME Form 1 returns on record between 2019 and 2022, listing 50 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Dalton Mines and Minerals Private Limited | |||
| Ashapura Minechem Ltd | |||
| Gujarat Polysol Chemicals Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Polygon Chemicals Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Polygon Chemicals Private Limited has a workforce of 38 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
38
Active EPFO establishments
1
Employee growth
-7.32%
GST
Polygon Chemicals has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCP0143N1ZE | Maharashtra | Active | 01 Jul 2017 |
| 05AACCP0143N1ZK | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Polygon Chemicals Private Limited, buy the company report.
Recent activity
Polygon Chemicals Private Limited has 3 board changes on record since 1999: 2 appointments and 1 cessation. The latest: Madan Mohan Goswami ceased to be Director on 15 Feb 2012.
AGM
Polygon Chemicals Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Polygon Chemicals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 1.21 Cr with Charge ID 100668028 was registered on 27 Dec 2022.
Charges
A charge with Standard Chartered Bank amounted to Rs. 3.70 Cr with Charge ID 100662209 was registered on 12 Dec 2022.
Charges
A charge with Yes Bank Limited of Rs. 1.66 Cr registered on 27 Apr 2022 with Charge ID 100579628 was modified on 28 Jun 2022.
Charges
A charge with Yes Bank Limited amounted to Rs. 1.66 Cr with Charge ID 100579628 was registered on 27 Apr 2022.
Charges
A charge with Standard Chartered Bank amounted to Rs. 0.27 Cr with Charge ID 100528769 was registered on 15 Dec 2021.
Charges
A charge with Others amounted to Rs. 7.50 Cr with Charge ID 100180880 was registered on 05 Jun 2018.
Charges
A charge registered on 29 Aug 2009 via Charge ID 10178882 with Punjab National Bank was fully satisfied on 25 May 2018.
Charges
A charge with Standard Chartered Bank of Rs. 1.54 Cr registered on 24 Jan 2014 with Charge ID 10478698 was modified on 11 Oct 2017.
Charges
A charge with Punjab National Bank amounted to Rs. 0.36 Cr with Charge ID 10609439 was registered on 07 Dec 2015.
Charges
A charge with Punjab National Bank amounted to Rs. 0.14 Cr with Charge ID 10609324 was registered on 30 Nov 2015.
24 earlier events are in the company report.
Frequently asked questions
Polygon Chemicals is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 11 February 1999 (27+ years old) and is registered under CIN U24110MH1999PTC118305.
Polygon Chemicals has 2 current directors:
- Kunwar Singh Panwar Sher Singh - Managing Director
- Vishwas Giridhar Patil - Director
The latest financial statements of Polygon Chemicals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Polygon Chemicals is 27AACCP0143N1ZE, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 05AACCP0143N1ZK (Uttarakhand).
The CIN (Corporate Identification Number) of Polygon Chemicals is U24110MH1999PTC118305. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polygon Chemicals has 42 court cases on record: 24 filed by the company and 18 filed against it. 10 are pending. Most are in the district courts.
Polygon Chemicals was incorporated on 11 February 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Polygon Chemicals by revenue are Chamundi Explosives Pvt Ltd, Amax Adhesive India Private Limited, Gill Chemicals Pvt Ltd, Fibrex Construction Chemicals Private Limited, Dac Organics Private Limited and 1 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Madan Mohan Goswami ceased to be Director on 15 Feb 2012. Kunwar Singh Panwar Sher Singh was appointed as Managing Director on 11 Feb 1999. Vishwas Giridhar Patil was appointed as Director on 11 Feb 1999.
Yes, Polygon Chemicals is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0009137).
Polygon Chemicals has 4 MSME Form 1 returns on record between 2019 and 2022, listing 50 overdue payments to 11 micro and small suppliers. The latest return was filed on 30 Apr 2022.
Polygon Chemicals can be reached through the website polygonchemicals.com. Its registered office is in Navi Mumbai, Maharashtra, India.