Polymek Industries Private Limited
About Polymek Industries Private Limited
Data last updated:
Polymek Industries Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial maintenance and repair services segment of the engineering sector. It was incorporated on 08 December 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29199KA1981PTC004530.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8.87 Lakh. It is led by directors including Shantanu Argal and Sumeet Argal.
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 No. 235F Bommasandra Industrial Area Hosur Road, Bangalore, Karnataka, India – 560099.
As per the financials filed for FY 2025, the company reported a revenue of ₹23.73 Lakh, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹13.01 Lakh (net margin 54.8%) and EBITDA of ₹13.02 Lakh (EBITDA margin 54.8%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 7% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7 Cr and satisfied charges of ₹3.7 Cr 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.
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- Registered AddressNo. 235F Bommasandra Industrial Area Hosur Road, Bangalore, Karnataka, India – 560099
- IndustryEngineering, Industrial Maintenance & Repair Services
- 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 Polymek Industries Private Limited
The main business activity of Polymek Industries is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | 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 Polymek Industries Private Limited FY 2025 filings available
Polymek Industries Private Limited reported revenue of ₹23.73 Lakh (down 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Polymek Industries Private Limited
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. 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 Polymek Industries 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 | ₹13.02 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.01 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Polymek Industries Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 54.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 54.8% | •••• | •••• | •••• | •••• |
| 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 Polymek Industries 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 Polymek Industries Private Limited
Polymek Industries Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prasad Pneucon Solution Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| S.Lift Engineering Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Motive Elevator & Escalator (India) Private Limited | •••• | •••• | •••• | •••• | - | Thiruvananthapuram, Kerala, India |
| Kalyan Rubber Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Amchogen Engineers Private Limited | •••• | •••• | •••• | •••• | - | Rangareddy, Telangana, India |
| Polymek Industries Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Sri Raghavendra Eng Systems Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Shreeja Megacorp Private Limited | •••• | •••• | •••• | •••• | - | Panchmahals, Gujarat, India |
| Buco Elevators Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Union Pressings Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Admaestro Elevator Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Polymek Industries by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Polymek Industries Private Limited
Polymek Industries Private Limited is audited by SARALAYA AND CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SARALAYA AND 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 Polymek Industries Private Limited
Polymek Industries has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shantanu Argal Also directs: Unitek Engineers Private Limited | Director | 27 Feb 2018 | 8 Years 7 Months | Current |
| Sumeet Argal Also directs: Unitek Engineers Private Limited | Director | 29 Sep 1997 | 29 Years 0 Months | Current |
| Prabhat Argal | Director | 08 Dec 1981 | 44 Years 9 Months | Current |
Ownership and Shareholding of Polymek Industries 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 Polymek Industries Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jul 2022 | State Bank of India | ₹7 Cr | Open |
| 21 May 2020 | Others | ₹2 Cr | Satisfied |
| 16 Dec 2013 | State Bank of Mysore | ₹1.46 Cr | Satisfied |
| 06 Dec 1996 | State Bank of Mysore | ₹3 Lakh | Satisfied |
| 23 Sep 1995 | State Bank of Mysore | ₹7.41 Lakh | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Polymek Industries Private Limited
Polymek Industries Private Limited has 1 court case on record: 1 filed by Polymek Industries. All case is disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against an individual | 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 Polymek Industries Private Limited
Polymek Industries Private Limited has a workforce of 1 employees as of Apr 04, 2024.
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 Polymek Industries Private Limited
Polymek Industries Private Limited has 5 board changes on record since 1981: 3 appointments and 2 cessations. The latest: Shantanu Argal was appointed as Director on 27 Feb 2018.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Polymek Industries 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 Polymek Industries 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 Polymek Industries 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 Polymek Industries Private Limited
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 Polymek Industries 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 Polymek Industries Private Limited
Polymek Industries is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial maintenance and repair services, within the engineering industry. It was incorporated on 08 December 1981 (45+ years old) and is registered under CIN U29199KA1981PTC004530.
Polymek Industries reported revenue of ₹23.73 Lakh for FY 2025 (down 26% YoY).
Polymek Industries has 3 current directors:
- Shantanu Argal - Director
- Sumeet Argal - Director
- Prabhat Argal - Director
Polymek Industries reported a net profit of ₹13.01 Lakh (net margin 54.8%) and EBITDA of ₹13.02 Lakh (EBITDA margin 54.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Polymek Industries is -20% over three years and 7% over five years. In the latest year (FY 2025) revenue fell 26%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Polymek Industries is U29199KA1981PTC004530. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polymek Industries has 1 court case on record: 1 filed by the company.
Polymek Industries was incorporated on 08 December 1981, making it 45+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Polymek Industries by revenue are Prasad Pneucon Solution Private Limited, S.Lift Engineering Private Limited, Motive Elevator & Escalator (India) Private Limited, Kalyan Rubber Private Limited, Amchogen Engineers Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Shantanu Argal was appointed as Director on 27 Feb 2018. Sarla Argal ceased to be Director on 10 Nov 2017. Indu Argal ceased to be Director on 14 Oct 2015. Polymek Industries has 5 board changes on record in total.
The registered office of Polymek Industries is at No. 235F Bommasandra Industrial Area Hosur Road, Bangalore, Karnataka, India – 560099.