About Polymax Elastomers Private Limited
Data last updated:
Polymax Elastomers Private Limited is a private limited company based in Maharastra, Maharashtra, India. It operates in the rubber-based products segment of the manufacturing sector. It was incorporated on 04 July 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1986PTC040303. Its GSTIN is 27AAACK6816B1ZU (Maharashtra).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹15 Lakh. It was formerly known as Kwality Polymers Private Limited. It is led by directors including Rishi Goverdhan Nijhawan and Harsha Goverdhan Nijhawan.
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 Plot No A 471rd No 28 Wagle Ind Estate Thane, Maharastra, Maharashtra, India – 400604.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.68 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹85.8 Lakh (net margin 12.8%) and EBITDA of ₹1.16 Cr (EBITDA margin 17.4%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 74% over five years.
As per MCA filings, the company has open charges of ₹26.5 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kwalitypolymers.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No A 471rd No 28 Wagle Ind Estate Thane, Maharastra, Maharashtra, India – 400604
- IndustryManufacturing, Rubber-Based Products
- 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
- One PDF report, delivered after checkout
Business Activity of Polymax Elastomers Private Limited
The main business activity of Polymax Elastomers is manufacturing. In detail, this covers manufacture of rubber and plastics products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 22 | Manufacture of rubber and plastics products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Polymax Elastomers Private Limited FY 2025 filings available
Polymax Elastomers Private Limited reported revenue of ₹6.68 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Polymax Elastomers Private Limited
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 74%. EBITDA fell 30% 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 Polymax Elastomers 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 | ₹1.16 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹85.8 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Polymax Elastomers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 12.8% | •••• | •••• | •••• | •••• |
| 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 Polymax Elastomers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Polymax Elastomers Private Limited
Polymax Elastomers Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Rubber Based Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shri Nathji Polyrub Private Limited | ₹6.84 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Kanpur, Uttar Pradesh, India |
| Mooney Thermo-Rub Private Limited | ₹6.8 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Pune, Maharashtra, India |
| Polymet Techno Products Private Limited | ₹6.79 Cr (FY 2024) | •••• | •••• | -28.0% | •••• | Malad(W) Mumbai, Maharashtra, India |
| Sakar Rub-Tech Private Limited | ₹6.73 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Ahmedabad, Gujarat, India |
| Fortuna Industries Private Limited | ₹6.72 Cr (FY 2025) | •••• | •••• | -39.0% | •••• | Lucknow, Uttar Pradesh, India |
| Polymax Elastomers Private Limited this company | ₹6.68 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Maharastra, Maharashtra, India |
| Abirami Ecoplast Private Limited | ₹6.63 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Coimbatore, Tamil Nadu, India |
| Kanishka Polymers Private Limited | ₹6.61 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Manesar, Haryana, India |
| Seal Jet (India) Pvt Ltd | ₹6.53 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Pune, Maharashtra, India |
| Maplan India Private Limited | ₹6.47 Cr (FY 2025) | •••• | •••• | 1067.0% | •••• | Daskroi, Gujarat, India |
| Reliable Belting India Private Limited | ₹6.47 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Polymax Elastomers by revenue in the Manufacturing industry (Rubber Based Products), 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 Polymax Elastomers Private Limited
Polymax Elastomers Private Limited is audited by DINESH PAI & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DINESH PAI & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Polymax Elastomers Private Limited
Polymax Elastomers has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rishi Goverdhan Nijhawan | Director | 08 Dec 2010 | 15 Years 10 Months | Current |
| Harsha Goverdhan Nijhawan | Director | 04 Aug 1986 | 40 Years 2 Months | Current |
| Goverdhan Atmaram Nijhawan | Director | 01 Apr 1991 | 35 Years 6 Months | Current |
Ownership and Shareholding of Polymax Elastomers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Polymax Elastomers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Jul 1993 | State Bank of India | ₹17 Lakh | Open |
| 16 Mar 1987 | State Bank of India | ₹9.5 Lakh | Open |
Total charge records: 2 View all charges
Legal Cases of Polymax Elastomers Private Limited
Polymax Elastomers Private Limited has 1 court case on record: 1 filed by Polymax Elastomers. All case is disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Union of India | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Polymax Elastomers Private Limited
Employment history and EPFO contributions of people linked to Polymax Elastomers.
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
Verified entity values are shown only after access is granted.
Recent Activity on Polymax Elastomers Private Limited
Polymax Elastomers Private Limited has 3 board changes on record since 1986: 3 appointments. The latest: Rishi Goverdhan Nijhawan was appointed as Director on 08 Dec 2010.
Credit Ratings, Litigation & Regulatory Alerts for Polymax Elastomers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Polymax Elastomers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Polymax Elastomers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Polymax Elastomers Private Limited
Polymax Elastomers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK6816B1ZU | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Polymax Elastomers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Polymax Elastomers Private Limited
Polymax Elastomers is an active private limited company based in Maharastra, Maharashtra, India. The company works in rubber-based products, within the manufacturing industry. It was incorporated on 04 July 1986 (40+ years old) and is registered under CIN U99999MH1986PTC040303.
Polymax Elastomers reported revenue of ₹6.68 Cr for FY 2025 (down 5% YoY).
Polymax Elastomers has 3 current directors:
- Rishi Goverdhan Nijhawan - Director
- Harsha Goverdhan Nijhawan - Director
- Goverdhan Atmaram Nijhawan - Director
Polymax Elastomers reported a net profit of ₹85.8 Lakh (net margin 12.8%) and EBITDA of ₹1.16 Cr (EBITDA margin 17.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Polymax Elastomers is 17% over three years and 74% over five years. In the latest year (FY 2025) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Polymax Elastomers is 27AAACK6816B1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Polymax Elastomers is U99999MH1986PTC040303. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polymax Elastomers has 1 court case on record: 1 filed by the company.
Polymax Elastomers was incorporated on 04 July 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Polymax Elastomers by revenue are Shri Nathji Polyrub Private Limited, Mooney Thermo-Rub Private Limited, Polymet Techno Products Private Limited, Sakar Rub-Tech Private Limited, Fortuna Industries Private Limited and 5 more, all in the Manufacturing industry (Rubber Based Products).
Rishi Goverdhan Nijhawan was appointed as Director on 08 Dec 2010. Goverdhan Atmaram Nijhawan was appointed as Director on 01 Apr 1991. Harsha Goverdhan Nijhawan was appointed as Director on 04 Aug 1986.