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 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 3 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
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
Polylace India Private Limited's registered office is in Delhi, Delhi. Its website is tonizippers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 115/2 Wazirpur Industrial Area, Delhi, India – 110052
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Polylace India Private Limited, buy the company report.
Comprehensive company report
Polylace India 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
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
The main business activity of Polylace India is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Polylace India Private Limited, buy the company report.
Financials of Polylace India Private Limited
FY 2024 filings availablePolylace 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)
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
| 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 | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 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 | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Polylace India Private Limited, buy the company report.
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
Polylace India Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| 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 | |||
| 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 Limitedthis company | ₹87.63 Cr (FY 2025) | ₹1.48 Cr | 1.7% | -6.0% | 117 | Delhi, 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 |
To see the full peer comparison of Polylace India Private Limited, buy the company report.
Auditor
Polylace India Private Limited is audited by GARIMA GROVER & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GARIMA GROVER & ASSOCIATES | FY 2022 | 032221N |
Shareholding
The shareholding of Polylace India 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 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 Polylace India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹44.57 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2022 | 100628883 | Hdfc Bank Limited | ₹1 Cr | Open | |
| 05 Feb 2021 | 100432923 | Axis Bank Limited | ₹63.5 Lakh | Open | |
| 13 Jul 2012 | 10369086 | State Bank of India | ₹40.98 Cr | Open | |
| 17 Apr 1998 | 90047137 | State Bank of Patiala | ₹50 Lakh | Open | |
| 01 Feb 1996 | 90046517 | Delhi Financial Corporation | ₹1 Cr | Open |
To see the full charge records of Polylace India Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
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 |
To see the full deal history of Polylace India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
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.
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 individuals | 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 |
To see the full case history of Polylace India 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.
MSME payment delays
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 |
To see the full MSME payment records of Polylace India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Polylace India Private Limited has a workforce of 117 employees on its EPFO records as of Apr 04, 2024, across 2 active EPFO establishments.
Employee count
117
Active EPFO establishments
2
Employee growth
12.5%
GST
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 |
To see the full GST registrations and return filing status of Polylace India Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 4 current directors:
- Sanjeev Kalra - Director
- Arun Sethi - Director
- Uday Sharma - Director
- Rajinder Sharma - Director
The latest financial statements of Polylace India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
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, Shubhalakshmi Polyesters Limited, Sree Lakshmi Venkateswara Spinning Mills Private Limited, Subh Laxmi Syntex Limited, Divya Spinning Mill Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
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.
Yes, Polylace India is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-06-0030062).
Polylace India has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 19 overdue payments to 3 micro and small suppliers. The latest return was filed on 09 Jun 2019.