MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-GJ-24-0005719
Market Cap
₹126 Cr
POLYSIL-SM · NSE
Share Price
₹45.20
-4.64% today
Revenue
₹45.58 Cr
FY 2025-26 · +228.2% YoY
EBITDA
₹4.98 Cr
Margin 10.9%
Net Profit
₹2.81 Cr
FY 2025-26 · +251.1% YoY
P/E (TTM)
47.0x
P/B 2.7x
Authorised capital
₹58 Cr
Registered with MCA
Paid-up capital
₹26.51 Cr
Issued & subscribed
About Polysil Irrigation Systems Limited
Data last updated:
Polysil Irrigation Systems Limited is a public limited company based in Savli, Gujarat, India. It operates in the agri machinery and equipment segment of the agriculture sector. It was incorporated on 09 October 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L17100GJ1985PLC127398. Its GSTIN is 24AABCS6756K1Z1 (Gujarat). The company holds 11 GST registrations, of which 7 are active. It is a listed company as per MCA records. Its shares are listed on NSE: POLYSIL.
The company has an authorised share capital of ₹58 Cr and a paid-up capital of ₹26.51 Cr. It was formerly known as Silvassa Pipes Private Limited and Silvasaa Poly-Tex Industries (India) Private Limited. It is led by directors including Bharatkumar Tulshibhai Patel (Managing Director) and Prafulbhai Damjibhai Radadia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Survey No – 340/1 Beside Hystuff Steel At Post Raniya Taluka Savli District, Vadodara, Gujarat, India – 391780.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹45.58 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.81 Cr (net margin 6.2%) and EBITDA of ₹4.98 Cr (EBITDA margin 10.9%). The net worth stands at ₹57.78 Cr (up 148.1% YoY). Total assets are valued at ₹95.6 Cr (up 126% YoY).
The company has about 24 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Polysil Irrigation Systems. As per MCA filings, the company has open charges of ₹43.8 Cr and satisfied charges of ₹79.94 Cr on record. Court records list 15 cases involving the company, including 5 filed by the company and 10 filed against it; 5 cases are pending. The company has 33 deals on record (30 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹50.1 Lakh; the latest was in February 2024. Its 7 peer companies in the Agriculture industry (Farm Equipment), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 5 larger and 2 smaller; the largest is Chaurasia Vinayak Industries Private Limited with revenue of ₹14.51 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 798 overdue payments to 84 micro and small suppliers.
Polysil Irrigation Systems Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0005719). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polysilirrigation.com.
Company details
CIN L17100GJ1985PLC127398
Registration Number 127398
Incorporation Date 09 October 1985
ROC Ahmedabad
Listing Status Listed (NSE: POLYSIL)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0005719
Name history
Polysil Irrigation Systems has undergone 3 name changes throughout its history. The company was previously known as Silvassa Pipes Private Limited, Silvasaa Poly-Tex Industries (India) Private Limited, and Silvassa Poly-Tex Industries (India) Private Limited. The current legal name is Polysil Irrigation Systems Limited.
| Company Name | Status |
|---|---|
| Polysil Irrigation Systems Limited | Current |
| Silvassa Pipes Private Limited | Previous |
| Silvasaa Poly-Tex Industries (India) Private Limited | Previous |
| Silvassa Poly-Tex Industries (India) Private Limited | Previous |
CIN history
Polysil Irrigation Systems has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L17100GJ1985PLC127398, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17100GJ1985PLC127398 | Current |
| U17100MH1985PTC037700 | Previous |
| U17100GJ1985PTC127398 | Previous |
| U17100GJ1985PLC127398 | Previous |
Key People
Bharatkumar Tulshibhai Patel Managing Director Prafulbhai Damjibhai Radadia Whole-Time Director Kavita Khatri Director Recognitions & Rankings of Polysil Irrigation Systems
Contact details
Polysil Irrigation Systems Limited's registered office is in Raniya Taluka Savli, Gujarat. Its website is polysilirrigation.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No – 340/1 Beside Hystuff Steel At Post Raniya Taluka Savli District, Vadodara, Gujarat, India – 391780
- IndustryAgriculture, Agri Machinery & Equipment
To see the full contact details of Polysil Irrigation Systems Limited, buy the company report.
Comprehensive company report
Polysil Irrigation Systems 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Polysil Irrigation Systems operates one associated brand: Polysil Irrigation Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of micro irrigation systems products including drip irrigation, mini sprinkler irrigation, and overhead sprinkler irrigation | polysilirrigation.com |
Financials of Polysil Irrigation Systems Limited
FY 2025-26 filings availablePolysil Irrigation Systems Limited reported revenue of ₹45.58 Cr (up 228.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹45.58 Cr
+228.1% YoY
EBITDA
₹4.98 Cr
+424.2% YoY
Profit After Tax
₹2.81 Cr
+251.1% YoY
Net Worth
₹57.78 Cr
+148.1% YoY
Total Assets
₹95.60 Cr
+126.0% YoY
Total Debt
₹35.29 Cr
+113.7% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 45.58 | 13.89 | 44.46 | 43.88 | 39.39 | 55.58 | 41.04 |
| Revenue growth | +228.2% | -68.8% | +1.3% | +11.4% | -29.1% | +35.4% | - |
| EBITDA | 4.98 | 0.95 | 5.56 | 4.36 | 2.85 | 3.06 | 2.79 |
| EBITDA margin | +10.9% | +6.8% | +12.5% | +9.9% | +7.2% | +5.5% | +6.8% |
| Profit before tax | 3.44 | (1.35) | 3.02 | 2.39 | 0.68 | 1.04 | 0.82 |
| Net profit | 2.81 | (1.86) | 2.07 | 0.97 | 0.34 | 0.65 | 0.50 |
| Net profit margin | +6.2% | -13.4% | +4.7% | +2.2% | +0.9% | +1.2% | +1.2% |
| EPS (₹) | 1.36 | (1.63) | 1.83 | 0.88 | 74.18 | 142.44 | 111.73 |
| Balance sheet | |||||||
| Total assets | 95.60 | 42.31 | 44.40 | 33.64 | 31.84 | 26.95 | 25.51 |
| Net worth | 57.78 | 23.29 | 24.97 | 15.36 | 13.73 | 13.39 | 12.68 |
| Total debt | 35.29 | 16.51 | 16.70 | 15.47 | 14.95 | 11.05 | 12.36 |
| Cash & bank | 1.00 | 0.16 | 1.42 | 0.89 | 0.93 | 1.07 | 0.50 |
| Net working capital | 58.49 | 29.65 | 36.04 | 24.69 | 23.10 | 19.21 | 17.82 |
| Cash flow | |||||||
| Cash from operations | (47.58) | 2.68 | (6.25) | 2.00 | (0.41) | (0.42) | 0.99 |
| Cash from investing | 0.22 | 0.03 | (0.65) | (1.61) | (2.28) | (0.92) | (0.37) |
| Cash from financing | 48.20 | (2.55) | 6.85 | (0.47) | 2.41 | 1.49 | (0.47) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue | 5.09 | 15.22 | 14.99 | 0.26 | 25.40 |
| Revenue growth (YoY) | +1857.7% | -40.1% | - | - | - |
| Other income | 0.02 | 0.92 | 0.00 | 0.00 | 0.25 |
| Total expenses | 3.54 | 12.07 | 15.82 | 1.01 | 17.63 |
| EBITDA | 1.55 | 3.15 | (0.83) | (0.75) | 7.77 |
| EBITDA margin | +30.5% | +20.7% | -5.5% | -288.5% | +30.6% |
| Depreciation | 0.18 | 0.18 | 0.16 | 0.20 | 0.18 |
| Interest | 0.79 | 0.86 | 0.62 | 0.29 | 0.21 |
| Profit before tax | 0.60 | 3.03 | (1.61) | (1.24) | 7.63 |
| Tax | 0.40 | 0.09 | (0.04) | 0.03 | 0.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue | 5.09 | 15.22 | 14.99 | 0.26 | 25.40 |
| Revenue growth (YoY) | +1857.7% | -40.1% | - | - | - |
| Other income | 0.02 | 0.92 | 0.00 | 0.00 | 0.25 |
| Total expenses | 3.54 | 12.07 | 15.82 | 1.01 | 17.63 |
| EBITDA | 1.55 | 3.15 | (0.83) | (0.75) | 7.77 |
| EBITDA margin | +30.5% | +20.7% | -5.5% | -288.5% | +30.6% |
| Depreciation | 0.18 | 0.18 | 0.16 | 0.20 | 0.18 |
| Interest | 0.79 | 0.86 | 0.62 | 0.29 | 0.21 |
| Profit before tax | 0.60 | 3.03 | (1.61) | (1.24) | 7.63 |
| Tax | 0.40 | 0.09 | (0.04) | 0.03 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 45.58 | 13.89 | 44.46 | 43.88 | 39.39 | 55.58 | 41.04 |
| Revenue growth | +228.2% | -68.8% | +1.3% | +11.4% | -29.1% | +35.4% | - |
| Other income | 1.46 | 0.25 | 0.10 | 0.05 | 0.05 | 0.13 | 0.06 |
| Total expenses | 40.60 | 12.94 | 38.90 | 39.52 | 36.54 | 52.52 | 38.25 |
| Employee cost | 0.00 | 2.20 | 4.03 | 5.57 | 8.30 | 7.50 | 6.49 |
| EBITDA | 4.98 | 0.95 | 5.56 | 4.36 | 2.85 | 3.06 | 2.79 |
| EBITDA margin | +10.9% | +6.8% | +12.5% | +9.9% | +7.2% | +5.5% | +6.8% |
| Depreciation | 0.73 | 0.71 | 0.72 | 0.53 | 0.73 | 1.01 | 1.20 |
| Interest | 2.27 | 1.84 | 1.92 | 1.49 | 1.49 | 1.14 | 0.83 |
| Profit before tax | 3.44 | (1.35) | 3.02 | 2.39 | 0.68 | 1.04 | 0.82 |
| Tax | 0.63 | 0.51 | 0.95 | 1.52 | 0.34 | 0.39 | 0.32 |
| Net profit | 2.81 | (1.86) | 2.07 | 0.97 | 0.34 | 0.65 | 0.50 |
| Net profit margin | +6.2% | -13.4% | +4.7% | +2.2% | +0.9% | +1.2% | +1.2% |
| EPS (₹) | 1.36 | (1.63) | 1.83 | 0.88 | 74.18 | 142.44 | 111.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 22.51 | 11.34 | 11.34 | 9.90 | 0.46 | 0.46 | 0.45 |
| Reserves & surplus | 19.83 | 11.95 | 13.63 | 5.46 | 13.27 | 12.93 | 12.23 |
| Shareholders' funds (net worth) | 57.78 | 23.29 | 24.97 | 15.36 | 13.73 | 13.39 | 12.68 |
| Secured loans | 34.28 | 12.70 | 13.73 | 13.76 | 14.78 | 11.05 | 8.58 |
| Unsecured loans | 1.01 | 3.81 | 2.97 | 1.71 | 0.17 | 0.00 | 3.78 |
| Total debt | 35.29 | 16.51 | 16.70 | 15.47 | 14.95 | 11.05 | 12.36 |
| Total liabilities | 95.60 | 42.31 | 44.40 | 33.64 | 31.84 | 26.95 | 25.51 |
| Assets | |||||||
| Gross block | 21.33 | 20.10 | 20.09 | 20.02 | 18.40 | 16.22 | 15.61 |
| Net block | 8.49 | 7.99 | 8.70 | 9.35 | 8.26 | 6.81 | 7.21 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 37.45 | 30.47 | 16.11 | 13.94 | 12.11 | 11.70 | 12.12 |
| Sundry debtors | 52.31 | 41.56 | 47.51 | 28.11 | 21.70 | 18.13 | 12.32 |
| Cash & bank balances | 1.00 | 0.16 | 1.42 | 0.89 | 0.93 | 1.07 | 0.50 |
| Loans & advances | 3.45 | 3.07 | 4.19 | 2.65 | 2.78 | 3.31 | 6.08 |
| Total current assets | 94.21 | 75.26 | 69.23 | 45.59 | 37.52 | 34.21 | 31.02 |
| Total current liabilities | 35.72 | 45.61 | 33.19 | 20.90 | 14.42 | 15.00 | 13.20 |
| Net working capital | 58.49 | 29.65 | 36.04 | 24.69 | 23.10 | 19.21 | 17.82 |
| Total assets | 95.60 | 42.31 | 44.40 | 33.64 | 31.84 | 26.95 | 25.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.16 | 0.01 | 0.07 | 0.15 | 0.43 | 0.28 | 0.14 |
| Net cash from operating activities | (47.58) | 2.68 | (6.25) | 2.00 | (0.41) | (0.42) | 0.99 |
| Net cash from investing activities | 0.22 | 0.03 | (0.65) | (1.61) | (2.28) | (0.92) | (0.37) |
| Net cash from financing activities | 48.20 | (2.55) | 6.85 | (0.47) | 2.41 | 1.49 | (0.47) |
| Net change in cash | 0.83 | 0.16 | (0.06) | (0.08) | (0.28) | 0.15 | 0.15 |
| Closing cash | 1.00 | 0.16 | 1.42 | 0.89 | 0.93 | 1.07 | 0.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +228.2% | -68.8% | +1.3% | +11.4% | -29.1% | +35.4% | - |
| EBITDA growth | +424.2% | -82.9% | +27.5% | +53.0% | -6.9% | +9.7% | - |
| PBT growth | +9998.0% | - | +26.4% | +251.5% | -34.6% | +26.8% | +9997.0% |
| Net income growth | +251.1% | -189.9% | +113.4% | +185.3% | -47.7% | +30.0% | - |
| Revenue CAGR (3Y) | +1.3% | -29.4% | -7.2% | +2.3% | - | - | - |
| EBITDA CAGR (3Y) | +4.5% | -30.7% | +22.0% | +16.1% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +6.2% | -13.4% | +4.7% | +2.0% | +0.9% | +1.2% | +1.2% |
| Return on capital employed | - | +1.2% | +12.7% | +12.7% | +7.4% | +8.3% | +6.4% |
| Return on net worth | - | -7.8% | +10.3% | +6.7% | +2.5% | +5.0% | +3.9% |
| Debt / equity | - | 0.70 | 0.80 | 1.05 | 0.96 | 0.90 | 0.97 |
| Long-term debt / equity | - | 0.04 | 0.07 | 0.13 | 0.13 | 0.05 | 0.00 |
| Interest cover | 53.41 | 766.67 | 39.67 | 38.90 | 70.28 | 55.61 | 52.20 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.69 | 2.22 | 2.28 | 2.28 | 3.49 | 2.63 |
| Inventory turnover | - | 0.60 | 2.96 | 3.37 | 3.31 | 4.67 | 3.39 |
| Debtors turnover | - | 0.31 | 1.18 | 1.76 | 1.98 | 3.65 | 3.33 |
| EPS (₹) | 1.36 | (1.63) | 1.83 | 0.88 | 74.18 | 142.44 | 111.73 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 20.03 | 22.01 | 15.52 | 3,015.52 | 2,941.36 | 2,818.38 |
To see the full year-wise statements and ratios of Polysil Irrigation Systems Limited, buy the company report.
Board of directors of Polysil Irrigation Systems Limited
Polysil Irrigation Systems has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharatkumar Tulshibhai Patel | Managing Director | 28 Sep 2018 | 8 Years 0 Months | Current |
| Prafulbhai Damjibhai Radadia | Whole-Time Director | 30 Sep 2022 | 4 Years 0 Months | Current |
| Kavita Khatri Also directs: Shree Marutinandan Tubes Limited, Gre Renew Enertech Limited, Shree Marutinandan Tubes Limited and 1 more | Director | 06 Jan 2026 | 0 Years 9 Months | Current |
| Mitulkumar Kiritbhai Suthar | Director | 06 Jan 2026 | 0 Years 9 Months | Current |
| Pankajbhai Bhimjibhai Kapadiya | Director | 26 Mar 2025 | 1 Years 6 Months | Current |
| Parshottam Popat Bhai Donga | Director | 26 Mar 2025 | 1 Years 6 Months | Current |
Peer comparison
Polysil Irrigation Systems Limited is compared with the 7 companies closest to it by revenue in the Agriculture industry (Farm Equipment), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Polysil Irrigation Systems Limitedthis company | ₹45.58 Cr (FY 2026) | ₹2.81 Cr | 6.2% | 228.1% | 24 | Savli, Gujarat, India |
| Chaurasia Vinayak Industries Private Limited | ₹14.51 Cr (FY 2025) | 18.0% | Chhatarpur, Madhya Pradesh, India | |||
| Vardaan Agri Solutions Private Limited | ₹14.42 Cr (FY 2025) | 11.0% | Indore, Madhya Pradesh, India | |||
| Farm Implements (India) Private Limited | ₹14.36 Cr (FY 2022) | 19.0% | Chennai, Tamil Nadu, India | |||
| VVC Farm Equipments Private Limited | ₹14.32 Cr (FY 2025) | 20.0% | Hyderabad, Telangana, India | |||
| Balaji Agro Systems Private Limited | ₹14.28 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Kapil Enterprises Private Limited | ₹14.1 Cr (FY 2024) | -45.0% | New Delhi, Delhi, India | |||
| Rajasthan Mechanical Works Limited | ₹14.07 Cr (FY 2024) | 5.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Polysil Irrigation Systems Limited, buy the company report.
Auditor
Polysil Irrigation Systems Limited is audited by Ratan Chandak & Co LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ratan Chandak & Co LLP | FY 2025 | 108696W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 23.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 1.70% and retail and other public shareholders hold 74.50%.
Sep 2026
QUARTER
23.80% Promoters
1.70% DII (Domestic Institutional)
74.50% Retail & Others
Promoter holding - history
Now 23.80% · Sep 2026High 28.00% · Dec 2025Low 23.80% · Sep 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 23.80% | 28.00% | 28.00% | 28.00% |
| Public | 76.20% | 72.00% | 72.00% | 72.00% |
Charges & borrowings
Open charges
₹43.8 Cr
Satisfied charges
₹79.94 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2026 | 101310410 | Others | ₹2 Cr | Open | |
| 29 Nov 2023 | 100827488 | Others | ₹20.9 Cr | Open | |
| 14 Sep 2023 | 100789305 | Others | ₹20.9 Cr | Open | |
| 09 Mar 2023 | 100724787 | Others | ₹12 Lakh | Satisfied | |
| 06 Oct 2021 | 100491618 | Hdfc Bank Limited | ₹19.17 Cr | Satisfied |
To see the full charge records of Polysil Irrigation Systems Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Polysil Irrigation Systems Limited has 33 deals on record (30 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹50.1 Lakh; the latest was in February 2024.
Total deals
33
Secondary share transfers
30
Rights issue
1
Funding round
1
IPO
1
Disclosed funding
₹50.1 Lakh
Deals on record (5 of 33)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | IPO | ₹17.43 Cr | Investors: IPO Shareholders - Polysil Irrigation Systems Limited, Market-Hub Stock Broking Private Limited , Apple Lifestyle Industries Limited Seller: 3 individuals |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Oct 2022 | Funding round | ₹50.1 Lakh | Investors: 2 individuals |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Polysil Irrigation Systems 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
Polysil Irrigation Systems Limited has 15 court cases on record: 5 filed by Polysil Irrigation Systems, 10 filed against it. 5 cases are pending and 10 are disposed.
Total cases
15
Filed by the company
5
Filed against the company
10
Pending
5
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 8 | 5 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (EXE S) | Filed against the company by Zenith Metaplast P. Ltd. | Pending |
| District court, Udham Singh Nagar, Uttarakhand | Criminal case | Filed against the company by M/S Flexituff Ventures International Ltd | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by Acutech Manufacturing Company Pvt Ltd | Pending |
| District court, Nashik, Maharashtra | Court case (Civil M.A.) | Filed against the company by M/S Zenith Metaplast Private Limited, Through Its Authorized Officer, Romi Divakaran | Disposed |
| District court, Raigad, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Polysil Irrigation Systems 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.
Credit ratings & regulatory alerts
Polysil Irrigation Systems Limited was last rated by Care on 02 Apr 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 02 Apr 2019 |
To see the full credit ratings and regulatory alerts of Polysil Irrigation Systems Limited, buy the company report.
MSME payment delays
Polysil Irrigation Systems Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 798 overdue payments to 84 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 (5 of 84)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Pramukh Packwell Industries | |||
| an individual supplier | |||
| an individual supplier | |||
| Nilkanth Plastic Industries | |||
| Pan Products |
To see the full MSME payment records of Polysil Irrigation Systems Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Polysil Irrigation Systems Limited has a workforce of 24 employees on its EPFO records as of Dec 11, 2025, across 1 active EPFO establishment.
Employee count
24
Active EPFO establishments
1
Employee growth
-33.33%
GST
Polysil Irrigation Systems has 11 GST registrations: 7 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
7
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCS6756K1Z1 | Gujarat | Active | 01 Jul 2017 |
| 24AABCS6756K2Z0 | Gujarat | Active | 02 Jun 2025 |
| 27AABCS6756K2ZU | Maharashtra | Active | 07 Oct 2018 |
| 23AABCS6756K1Z3 | Madhya Pradesh | Active | 10 Apr 2019 |
To see the full GST registrations and return filing status of Polysil Irrigation Systems Limited, buy the company report.
Recent activity
Polysil Irrigation Systems Limited has 11 board changes on record since 2018: 8 appointments and 3 cessations. The latest: Kavita Khatri was appointed as Director on 06 Jan 2026.
Charges
A charge registered on 09 Mar 2023 via Charge ID 100724787 with Others was fully satisfied on 03 Aug 2026.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 101310410 was registered on 30 May 2026.
Filing
Polysil Irrigation Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Appointed
Kavita Khatri was appointed as Director.
Appointed
Mitulkumar Kiritbhai Suthar was appointed as Director.
AGM
Polysil Irrigation Systems Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Appointed
Pankajbhai Bhimjibhai Kapadiya was appointed as Director.
Appointed
Parshottam Popat Bhai Donga was appointed as Director.
Ceased
Neha Gupta ceased to be Company Secretary.
Charges
A charge with Others amounted to Rs. 20.90 Cr with Charge ID 100827488 was registered on 29 Nov 2023.
Charges
A charge registered on 06 Oct 2021 via Charge ID 100491618 with Hdfc Bank Limited was fully satisfied on 09 Nov 2023.
Charges
A charge with Others amounted to Rs. 20.90 Cr with Charge ID 100789305 was registered on 14 Sep 2023.
29 earlier events are in the company report.
Frequently asked questions
Polysil Irrigation Systems is an active public limited company based in Savli, Gujarat, India. The company works in agri machinery and equipment, within the agriculture industry. It was incorporated on 09 October 1985 (41+ years old) and is registered under CIN L17100GJ1985PLC127398. Listed on NSE: POLYSIL.
Polysil Irrigation Systems reported revenue of ₹45.58 Cr for FY 2025-26 (up 228.1% YoY) based on standalone financials.
Polysil Irrigation Systems has 6 current directors:
- Bharatkumar Tulshibhai Patel - Managing Director
- Prafulbhai Damjibhai Radadia - Whole-Time Director
- Kavita Khatri - Director
- Mitulkumar Kiritbhai Suthar - Director
- Pankajbhai Bhimjibhai Kapadiya - Director
- Parshottam Popat Bhai Donga - Director
The latest financial statements of Polysil Irrigation Systems on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Polysil Irrigation Systems is 24AABCS6756K1Z1, registered in Gujarat. The company has 11 GST registrations in all, of which 7 are active and 4 are cancelled or inactive. Other active GSTINs include 24AABCS6756K2Z0 (Gujarat), 27AABCS6756K2ZU (Maharashtra), 23AABCS6756K1Z3 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Polysil Irrigation Systems is L17100GJ1985PLC127398. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Polysil Irrigation Systems is a listed company as per MCA records. Its shares are listed on NSE (symbol: POLYSIL).
Polysil Irrigation Systems has 15 court cases on record: 5 filed by the company and 10 filed against it. 5 are pending. Most are in the district courts.
Polysil Irrigation Systems was incorporated on 09 October 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Polysil Irrigation Systems has 33 deals on record (30 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹50.1 Lakh; the latest was in February 2024.
The peers of Polysil Irrigation Systems by revenue are Chaurasia Vinayak Industries Private Limited, Vardaan Agri Solutions Private Limited, Farm Implements (India) Private Limited, VVC Farm Equipments Private Limited, Balaji Agro Systems Private Limited and 2 more, all in the Agriculture industry (Farm Equipment), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Kavita Khatri was appointed as Director on 06 Jan 2026. Mitulkumar Kiritbhai Suthar was appointed as Director on 06 Jan 2026. Pankajbhai Bhimjibhai Kapadiya was appointed as Director on 26 Mar 2025. Polysil Irrigation Systems has 11 board changes on record in total.