Polysteel India Private Limited

Polysteel India Private Limited - engineering in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U28920MH1998PTC114690 Incorporated 30 April 1998 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company engineering MSME · Small
Data last updated
Revenue · FY 2024
₹8.02 Cr
▲ 2% YoY
Net profit · FY 2024
₹7.43 Lakh
Net margin 0.9%
EBITDA · FY 2024
₹33.02 Lakh
EBITDA margin 4.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹4.03 Lakh
Issued & subscribed
Open charges
₹1.56 Cr
Secured borrowings
Company age
28 yrs
Est. 1998
Employees · EPFO
1
Provident fund records

About Polysteel India Private Limited

Data last updated:

Polysteel India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 30 April 1998 and has been in existence for over 28 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28920MH1998PTC114690. Its GSTIN is 27AABCP4535F1ZK (Maharashtra).

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.03 Lakh. It is led by directors Sharuk Saleem and Abdul Salam Abdul Karim Aydrose.

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 80 Sion Trombay Roadopp R K Studios Chembur, Mumbai, Maharashtra, India – 400071.

As per the financials filed for FY 2024, the company reported a revenue of ₹8.02 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹7.43 Lakh (net margin 0.9%) and EBITDA of ₹33.02 Lakh (EBITDA margin 4.1%). Revenue has grown at a compounded annual rate (CAGR) of 66% over three years and 46% 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 ₹1.56 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 1 case is pending.

Polysteel India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0070422). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polysteelindia.com.

Company details

CIN U28920MH1998PTC114690
Registration Number 114690
Incorporation Date 30 April 1998
ROC Mumbai
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 Small
Udyam Registration UDYAM-MH-19-0070422
Key People
Sharuk Saleem Director Abdul Salam Abdul Karim Aydrose Director

Recognitions & Rankings of Polysteel India

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-19-0070422

Contact details

Polysteel India Private Limited's registered office is in Mumbai, Maharashtra. Its website is polysteelindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    polysteelindia.com
  • Registered Address
    80 Sion Trombay Roadopp R K Studios Chembur, Mumbai, Maharashtra, India – 400071
  • Industry
    Engineering, Metal Foundry & Fabrication Services

To see the full contact details of Polysteel India Private Limited, buy the company report.

Comprehensive company report
Polysteel 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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Business activity

The main business activity of Polysteel India is manufacturing. In detail, this covers manufacture of fabricated metal products, except machinery and equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing25Manufacture of fabricated metal products, except machinery and equipment

To see the full business activity and turnover split of Polysteel India Private Limited, buy the company report.

Financials of Polysteel India Private Limited

FY 2024 filings available

Polysteel India Private Limited reported revenue of ₹8.02 Cr (up 2% YoY) for FY 2024.

Revenue · FY 2024
₹8.02 Cr ▲ 2%
Net profit · FY 2024
₹7.43 Lakh margin 0.9%
EBITDA · FY 2024
₹33.02 Lakh margin 4.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 66%
5 years · compounded
▲ 46%
EBITDA CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 33%
5 years · compounded
▲ 15%

Revenue has grown at a compounded annual rate (CAGR) of 46% over five years, including 2% growth in the latest year. EBITDA rose 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹33.02 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹7.43 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin4.1%
Net Profit Margin0.9%
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

To see the full financial statements and ratios of Polysteel India Private Limited, buy the company report.

Board of directors of Polysteel India Private Limited

Polysteel India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sharuk SaleemDirector11 Feb 20242 Years 8 MonthsCurrent
Abdul Salam Abdul Karim AydroseDirector30 Apr 199828 Years 6 MonthsCurrent
View all directors

Auditor

Polysteel India Private Limited is audited by NITIN B DHAVAN & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
NITIN B DHAVAN & COFY 2023132773W

Shareholding

The shareholding of Polysteel India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Polysteel India Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1.56 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹1.56 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
03 Dec 2018100249462Others₹6.28 LakhOpen
27 Jan 201410475093Others₹1.5 CrOpen

To see the full charge records of Polysteel India Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Polysteel India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Polysteel India Private Limited has a workforce of 1 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.

Employee count
1
Active EPFO establishments
1
Employee growth
-50%

GST

Polysteel India has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AABCP4535F1ZKMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Polysteel India Private Limited, buy the company report.

Recent activity

Polysteel India Private Limited has 3 board changes on record since 1998: 2 appointments and 1 cessation. The latest: Noorjahan Abdul Karim ceased to be Director on 19 Feb 2024.

Charges
A charge with Others of Rs. 150.00 Lakh registered on 27 Jan 2014 with Charge ID 10475093 was modified on 19 Nov 2024.
AGM
Polysteel India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Polysteel India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Noorjahan Abdul Karim ceased to be Director.
Appointed
Sharuk Saleem was appointed as Director.
Charges
A charge with Others amounted to Rs. 6.28 Lakh with Charge ID 100249462 was registered on 03 Dec 2018.
Charges
A charge with Others amounted to Rs. 150.00 Lakh with Charge ID 10475093 was registered on 27 Jan 2014.
Appointed
Abdul Salam Abdul Karim Aydrose was appointed as Director.
Incorporation
30 Apr 1998
Polysteel India Private Limited was registered on 30 Apr 1998 with Roc Mumbai & aged 28 years 6 months as per MCA records.

Frequently asked questions

Polysteel India is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 30 April 1998 (28+ years old) and is registered under CIN U28920MH1998PTC114690.

Polysteel India has 2 current directors:

The latest financial statements of Polysteel 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 Polysteel India is 27AABCP4535F1ZK, registered in Maharashtra.

The CIN (Corporate Identification Number) of Polysteel India is U28920MH1998PTC114690. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Polysteel India has 4 court cases on record: 4 filed by the company. 1 is pending.

Polysteel India was incorporated on 30 April 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.

Noorjahan Abdul Karim ceased to be Director on 19 Feb 2024. Sharuk Saleem was appointed as Director on 11 Feb 2024. Abdul Salam Abdul Karim Aydrose was appointed as Director on 30 Apr 1998.

Yes, Polysteel India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0070422).

Polysteel India can be reached through the website polysteelindia.com. Its registered office is in Mumbai, Maharashtra, India.