MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-06-0030062
Polylace India Private Limited - manufacturing in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹87.63 Cr
▼ 6% YoY
Net profit · FY 2025
₹1.48 Cr
Net margin 1.7%
EBITDA · FY 2025
₹8.89 Cr
EBITDA margin 10.1%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹11.31 Cr
Issued & subscribed
Open charges
₹44.57 Cr
Secured borrowings
Company age
33 yrs
Est. 1993
Employees · EPFO
117
Provident fund records
About Polylace India Private Limited
Data last updated:
Polylace India Private Limited is a private limited company based in Delhi, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 27 January 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1993PTC051883. Its GSTIN is 07AAACP0227H1ZU (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹11.31 Cr. It is led by directors including Sanjeev Kalra and Arun Sethi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at A – 115/2 Wazirpur Industrial Area, Delhi, India – 110052.
As per the financials filed for FY 2025, the company reported a revenue of ₹87.63 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹1.48 Cr (net margin 1.7%) and EBITDA of ₹8.89 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years.
The company has about 117 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Toni Industries. As per MCA filings, the company has open charges of ₹44.57 Cr on record. Court records list 16 cases involving the company, including 6 filed by the company and 10 filed against it; 4 cases are pending. The company has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹24.01 Cr; the latest was in March 2024. Its 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Greenway Clothings India Private Limited with revenue of ₹87.84 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 19 overdue payments to 3 micro and small suppliers.
Polylace India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-06-0030062). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tonizippers.com.
Company Details of Polylace India Private Limited
CIN U74899DL1993PTC051883
Registration Number 051883
Incorporation Date 27 January 1993
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-06-0030062
Recognitions & Rankings of Polylace India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA – 115/2 Wazirpur Industrial Area, Delhi, India – 110052
- IndustryManufacturing, Textile & Fabric Production
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Associated Brands with Polylace India Private Limited
Polylace India operates one associated brand: Toni Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies zip fasteners, sliders, and accessories for apparel. | tonizippers.com |
Business Activity of Polylace India Private Limited
The main business activity of Polylace India is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Polylace India Private Limited FY 2024 filings available
Polylace India Private Limited reported revenue of ₹87.63 Cr (down 6% YoY) for FY 2025.
Revenue · FY 2025
₹87.63 Cr ▼ 6%
Net profit · FY 2025
₹1.48 Cr margin 1.7%
EBITDA · FY 2025
₹8.89 Cr margin 10.1%
Compounded Annual Growth Rate (CAGR) of Polylace India Private Limited
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 25%
3 years · compounded
▼ 17%
5 years · compounded
▼ 1%
Revenue fell 6% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 25% 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 Polylace India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹8.89 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.48 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Polylace India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.7% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
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 Polylace India are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Polylace India Private Limited
Polylace India has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev Kalra Also directs: Rex Tex Private Limited, Skysharp IT Solutions Private Limited | Director | 27 Jan 1993 | 33 Years 8 Months | Current |
| Arun Sethi | Director | 01 Jan 2016 | 10 Years 9 Months | Current |
| Uday Sharma | Director | 01 Jan 2016 | 10 Years 9 Months | Current |
| Rajinder Sharma Also directs: Rex Tex Private Limited | Director | 27 Jan 1993 | 33 Years 8 Months | Current |
Peer Comparison of Polylace India Private Limited
Polylace India Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Greenway Clothings India Private Limited | ₹87.84 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Tirupur, Tamil Nadu, India |
| Aapt Distribution Private Limited | ₹87.81 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Chennai, Tamil Nadu, India |
| Shubhalakshmi Polyesters Limited | ₹87.75 Cr (FY 2024) | •••• | •••• | -97.0% | •••• | Mumbai, Maharashtra, India |
| Sree Lakshmi Venkateswara Spinning Mills Private Limited | ₹87.73 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Palladam, Tamil Nadu, India |
| Subh Laxmi Syntex Limited | ₹87.7 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Bhilwara, Rajasthan, India |
| Polylace India Private Limited this company | ₹87.63 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Delhi, India |
| K K Spintex India Private Limited | ₹87.61 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Chebrolu, Andhra Pradesh, India |
| Divya Spinning Mill Private Limited | ₹87.5 Cr (FY 2023) | •••• | •••• | -51.0% | •••• | Tirupur, Tamil Nadu, India |
| Swarnalatha Spintex Private Limited | ₹87.46 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Hyderabad, Telangana, India |
| Jai Matadi Fashions Private Limited | ₹87.44 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Village Tantithaiya, Gujarat, India |
| Annapurna Cotex Private Limited | ₹87.44 Cr (FY 2025) | •••• | •••• | -35.0% | •••• | Aurangabad, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Polylace India by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Polylace India Private Limited
Polylace India Private Limited is audited by GARIMA GROVER & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GARIMA GROVER & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Polylace India Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Polylace India Private Limited
Open charges
₹44.57 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Oct 2022 | Hdfc Bank Limited | ₹1 Cr | Open |
| 05 Feb 2021 | Axis Bank Limited | ₹63.5 Lakh | Open |
| 13 Jul 2012 | State Bank of India | ₹40.98 Cr | Open |
| 17 Apr 1998 | State Bank of Patiala | ₹50 Lakh | Open |
| 01 Feb 1996 | Delhi Financial Corporation | ₹1 Cr | Open |
Total charge records: 6 View all charges
Deals & Funding of Polylace India Private Limited
Polylace India Private Limited has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹24.01 Cr; the latest was in March 2024.
Total deals
8
Secondary share transfers
4
Funding rounds
3
Rights issue
1
Disclosed funding
₹24.01 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹5.02 Cr | Investors: an individual |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Leo Telecome Limited , Knithac India Limited, Excellent Computers Services Private Limited |
| Apr 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: RMP Holdings Private Limited , Savita Holdings Private Limited , Bhageria Finance Investment Private Limited |
| Mar 2009 | Funding round | ₹13.4 Cr | Investors: R N Khemka Enterprises Private Limited , RMP Holdings Private Limited , Nishit Fincap Private Limited |
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Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Polylace India Private Limited
Polylace India Private Limited has 16 court cases on record: 6 filed by Polylace India, 10 filed against it. 4 cases are pending and 12 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Total cases
16
Filed by the company
6
Filed against the company
10
Pending
4
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 9 | 2 |
| High courts | 3 | 1 | 2 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against Mallinath Trading Co. & Anr | Pending |
| High Court of Delhi | Writ petition | Filed against the company by an individual | Pending |
| District court, North West, Delhi | Court case (CS (COMM.)) | Filed by the company against an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against an individual | Pending |
| District court, North West, Delhi | Civil suit | Filed against the company by State | Disposed |
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Full case history
All 16 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
MSME Payment Delays by Polylace India Private Limited
Polylace India Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 19 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Millenium Packaging Solutions Limited | •••• | •••• | •••• |
| Jai Durga Projects Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
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- Period-by-period history
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Polylace India Private Limited
Polylace India Private Limited has a workforce of 117 employees as of Apr 04, 2024.
Employee count
117
Active EPFO establishments
2
Employee growth
12.5%
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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
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Recent Activity on Polylace India Private Limited
Polylace India Private Limited has 10 board changes on record since 1993: 5 appointments and 5 cessations. The latest: Rajeev Kumar Sharma ceased to be Director on 15 Jan 2025.
Charges
A charge with State Bank Of India of Rs. 40.98 Cr registered on 13 Jul 2012 with Charge ID 10369086 was modified on 22 Apr 2025.
Ceased
Rajeev Kumar Sharma ceased to be Director.
AGM
Polylace India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Polylace India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.00 Cr with Charge ID 100628883 was registered on 28 Oct 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.64 Cr with Charge ID 100432923 was registered on 05 Feb 2021.
Appointed
Ravinder Singh Bisht was appointed as Company Secretary.
Ceased
Abhishek Mishra ceased to be Company Secretary.
Ceased
Arun Sethi ceased to be Additional Director.
Ceased
Uday Sharma ceased to be Additional Director.
Appointed
Arun Sethi was appointed as Director.
Appointed
Uday Sharma was appointed as Director.
9 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Polylace India Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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Subsidiaries & Group Companies of Polylace India Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Polylace India Private Limited
Polylace India has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACP0227H1ZU | Delhi | Active | 01 Jul 2017 |
| 06AAACP0227H1ZW | Haryana | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Polylace India Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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- Annual returns and statements
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Frequently Asked Questions about Polylace India Private Limited
Polylace India is an active private limited company based in Delhi, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 27 January 1993 (33+ years old) and is registered under CIN U74899DL1993PTC051883.
Polylace India reported revenue of ₹87.63 Cr for FY 2025 (down 6% YoY).
Polylace India has 4 current directors:
- Sanjeev Kalra - Director
- Arun Sethi - Director
- Uday Sharma - Director
- Rajinder Sharma - Director
Polylace India reported a net profit of ₹1.48 Cr (net margin 1.7%) and EBITDA of ₹8.89 Cr (EBITDA margin 10.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Polylace India is 4% over three years. In the latest year (FY 2025) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Polylace India is 07AAACP0227H1ZU, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 06AAACP0227H1ZW (Haryana).
The CIN (Corporate Identification Number) of Polylace India is U74899DL1993PTC051883. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polylace India has 16 court cases on record: 6 filed by the company and 10 filed against it. 4 are pending. Most are in the district courts.
Polylace India was incorporated on 27 January 1993, making it 33+ years old. It is registered with the Registrar of Companies, Delhi.
Polylace India has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹24.01 Cr; the latest was in March 2024.
The peers of Polylace India by revenue are Greenway Clothings India Private Limited, Aapt Distribution Private Limited, Shubhalakshmi Polyesters Limited, Sree Lakshmi Venkateswara Spinning Mills Private Limited, Subh Laxmi Syntex Limited and 5 more, all in the Manufacturing industry (Textiles).
Rajeev Kumar Sharma ceased to be Director on 15 Jan 2025. Ravinder Singh Bisht was appointed as Company Secretary on 21 Sep 2020. Abhishek Mishra ceased to be Company Secretary on 01 Apr 2020. Polylace India has 10 board changes on record in total.