About Polymerize Private Limited
Data last updated:
Polymerize Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Polymerize Pte Limited and recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 08 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2020PTC192779. Its GSTIN is 27AALCP3159P1ZN (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.05 Lakh. It is led by directors including Kunal Sandeep and Abhijit Vijay Salvekar.
Its last annual general meeting (AGM) was held on 29 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Flat No. 18 K – 4 Building Aditya Nakoda Encalve – 2 Sinhgad Road, Pune, Maharashtra, India – 411030.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.25 Cr, a growth of 80% compared to the previous year. For the same year it recorded a net profit of ₹94.54 Lakh (net margin 15.1%) and EBITDA of ₹1.36 Cr (EBITDA margin 21.8%). Revenue has grown at a compounded annual rate (CAGR) of 223% over three years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Polymerize IO. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹7.47 Cr; the latest was in November 2022.
For more details, the company can be reached via its website polymerize.io.
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- Registered AddressFlat No. 18 K – 4 Building Aditya Nakoda Encalve – 2 Sinhgad Road, Pune, Maharashtra, India – 411030
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Polymerize Private Limited
The main business activity of Polymerize is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Polymerize Private Limited FY 2024 filings available
Polymerize Private Limited reported revenue of ₹6.25 Cr (up 80% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Polymerize Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 223% over three years, including 80% growth in the latest year. EBITDA rose 144% 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 Polymerize Private Limited
| Metrics | 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 | ₹1.36 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹94.54 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 Polymerize Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 21.8% | •••• | •••• | •••• |
| Net Profit Margin | 15.1% | •••• | •••• | •••• |
| 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 Polymerize are in the company report.
Financial statements from FY 2021
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.
Auditor Details of Polymerize Private Limited
Polymerize Private Limited is audited by R A J S & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R A J S & 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 Polymerize Private Limited
Polymerize has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunal Sandeep Also directs: Bottleview Technology Private Limited | Director | 08 Aug 2020 | 6 Years 1 Months | Current |
| Abhijit Vijay Salvekar | Director | 03 Sep 2020 | 6 Years 1 Months | Current |
| Vijay Gajanan Salvekar Also directs: Polymerize Research Lab Private Limited | Director | 08 Aug 2020 | 6 Years 1 Months | Current |
Ownership and Shareholding of Polymerize 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 Polymerize Private Limited
Polymerize Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Polymerize Private Limited
Polymerize Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹7.47 Cr; the latest was in November 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2022 | Funding round · Series A | ₹7.47 Cr | Investors: Info Edge Ventures |
| Sep 2020 | Secondary share transfer | Undisclosed | Buyer: Polymerize Pte Limited Seller: 2 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Polymerize Private Limited
Polymerize operates one associated brand: Polymerize IO. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An AI-based platform for material informatics and R&D is provided. | polymerize.io |
Employees and EPFO Compliance at Polymerize Private Limited
Polymerize Private Limited has a workforce of 28 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 Polymerize Private Limited
Polymerize Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Abhijit Vijay Salvekar was appointed as Director on 03 Sep 2020.
Credit Ratings, Litigation & Regulatory Alerts for Polymerize 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 Polymerize 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 Polymerize 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 Polymerize Private Limited
Polymerize has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCP3159P1ZN | Maharashtra | Active | 11 Feb 2022 |
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 Polymerize 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 Polymerize Private Limited
Polymerize is an active private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 08 August 2020 (6+ years old) and is registered under CIN U72900PN2020PTC192779.
Polymerize reported revenue of ₹6.25 Cr for FY 2024 (up 80% YoY).
Polymerize has 3 current directors:
- Kunal Sandeep - Director
- Abhijit Vijay Salvekar - Director
- Vijay Gajanan Salvekar - Director
Polymerize reported a net profit of ₹94.54 Lakh (net margin 15.1%) and EBITDA of ₹1.36 Cr (EBITDA margin 21.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Polymerize is 223% over three years. In the latest year (FY 2024) revenue rose 80%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Polymerize is 27AALCP3159P1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Polymerize is U72900PN2020PTC192779. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polymerize was incorporated on 08 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Pune.
Polymerize has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹7.47 Cr; the latest was in November 2022.
Abhijit Vijay Salvekar was appointed as Director on 03 Sep 2020. Kunal Sandeep was appointed as Director on 08 Aug 2020. Vijay Gajanan Salvekar was appointed as Director on 08 Aug 2020.