Rays Polymers Private Limited
About Rays Polymers Private Limited
Data last updated:
Rays Polymers Private Limited is a private limited company based in Kanpur, Uttar Pradesh, India. It operates in the bottle and cap manufacturing segment of the packaging sector. It was incorporated on 09 February 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U24134UP2005PTC029486. Its GSTIN is 09AADCR2360L1Z6 (Uttar Pradesh).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Rohit Bhandoh and Kusum Bhandoh.
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 D – 8 Udyog Kunj Pankiindustrial Area Site – V, Kanpur, Uttar Pradesh, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.39 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹80,996 (net margin 0%) and EBITDA of ₹2.03 Cr (EBITDA margin 9.5%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 4% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.14 Cr on record. Court records list 10 cases involving the company, including 10 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressD – 8 Udyog Kunj Pankiindustrial Area Site – V, Kanpur, Uttar Pradesh, India
- IndustryPackaging, Bottle & Cap Manufacturing
- 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 Rays Polymers Private Limited
The main business activity of Rays Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal 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 Rays Polymers Private Limited FY 2025 filings available
Rays Polymers Private Limited reported revenue of ₹21.39 Cr (down 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Rays Polymers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 5% fall in the latest year. EBITDA rose 13% 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 Rays Polymers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | ₹2.03 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹80,996 | •••• | •••• | •••• | •••• |
| 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 Rays Polymers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0% | •••• | •••• | •••• | •••• |
| 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 Rays Polymers 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 Rays Polymers Private Limited
Rays Polymers Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Bottles and Caps, Polymers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nurpur Gases Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Nadkarni Speciality Polymers and Coatings Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Sri Anjaneya Polymers India Private Limited | •••• | •••• | •••• | •••• | 21 | Hyderabad, Telangana, India |
| Stack Pack Limited | •••• | •••• | •••• | •••• | 19 | Worli, Mumbai, Maharashtra, India |
| Ashoka Polymers Private Limited | •••• | •••• | •••• | •••• | 75 | Muzaffarpur, Bihar, India |
| Rays Polymers Private Limited this company | •••• | •••• | •••• | •••• | - | Kanpur, Uttar Pradesh, India |
| Astha Polymers Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Andhra Pradesh, India |
| Satyawat Polymers Private Limited | •••• | •••• | •••• | •••• | - | Bangalore South, Karnataka, India |
| Neelplast Polymers Private Limited | •••• | •••• | •••• | •••• | - | Bhubaneswar, Orissa, India |
| Vinayak Polycon International Limited Listed | •••• | •••• | •••• | •••• | 21 | Jaipur, Rajasthan, India |
| Albatross Polymers Private Limited | •••• | •••• | •••• | •••• | - | Rajkot, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Rays Polymers by revenue in the Packaging industry (Bottles and Caps, Polymers), 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 Rays Polymers Private Limited
Rays Polymers Private Limited is audited by J N SHARMA & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J N SHARMA & 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 Rays Polymers Private Limited
Rays Polymers has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Bhandoh | Director | 09 Feb 2005 | 21 Years 7 Months | Current |
| Kusum Bhandoh | Director | 09 Feb 2005 | 21 Years 7 Months | Current |
| Narinder Pal Bhandoh | Director | 03 May 2019 | 7 Years 5 Months | Current |
Ownership and Shareholding of Rays Polymers 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 Rays Polymers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Apr 2025 | Hdfc Bank Limited | ₹21 Lakh | Open |
| 01 Aug 2024 | Hdfc Bank Limited | ₹20.1 Lakh | Open |
| 16 Oct 2023 | Hdfc Bank Limited | ₹15.07 Lakh | Open |
| 26 Dec 2022 | Hdfc Bank Limited | ₹23 Lakh | Open |
| 03 Aug 2021 | Hdfc Bank Limited | ₹14 Lakh | Open |
Total charge records: 7 View all charges
Legal Cases of Rays Polymers Private Limited
Rays Polymers Private Limited has 10 court cases on record: 10 filed against it. 2 cases are pending and 8 are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 10 | 2 |
Cases on record (2 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pratapgarh, Uttar Pradesh | Criminal case | Filed against the company by State Government of U.P | Pending |
| District court, Kanpur Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of Up | Disposed |
Full case history
All 10 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 Rays Polymers Private Limited
Rays Polymers Private Limited has a workforce of 9 employees as of Mar 29, 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 Rays Polymers Private Limited
Rays Polymers Private Limited has 7 board changes on record since 2005: 3 appointments and 4 cessations. The latest: Narinder Pal Bhandoh ceased to be Additional Director on 30 Sep 2019.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Rays Polymers 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 Rays Polymers 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 Rays Polymers 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 Rays Polymers Private Limited
Rays Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AADCR2360L1Z6 | Uttar Pradesh | 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 Rays Polymers 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 Rays Polymers Private Limited
Rays Polymers is an active private limited company based in Kanpur, Uttar Pradesh, India. The company works in bottle and cap manufacturing, within the packaging industry. It was incorporated on 09 February 2005 (21+ years old) and is registered under CIN U24134UP2005PTC029486.
Rays Polymers reported revenue of ₹21.39 Cr for FY 2024 (down 5% YoY).
Rays Polymers has 3 current directors:
- Rohit Bhandoh - Director
- Kusum Bhandoh - Director
- Narinder Pal Bhandoh - Director
Rays Polymers reported a net profit of ₹80,996 (net margin 0%) and EBITDA of ₹2.03 Cr (EBITDA margin 9.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rays Polymers is -11% over three years and -4% over five years. In the latest year (FY 2024) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Rays Polymers is 09AADCR2360L1Z6, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Rays Polymers is U24134UP2005PTC029486. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rays Polymers has 10 court cases on record: 10 filed against it. 2 are pending.
Rays Polymers was incorporated on 09 February 2005, making it 21+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Rays Polymers by revenue are Nurpur Gases Private Limited, Nadkarni Speciality Polymers and Coatings Private Limited, Sri Anjaneya Polymers India Private Limited, Stack Pack Limited, Ashoka Polymers Private Limited and 5 more, all in the Packaging industry (Bottles and Caps, Polymers).
Narinder Pal Bhandoh ceased to be Additional Director on 30 Sep 2019. Narinder Pal Bhandoh was appointed as Director on 03 May 2019. Kanika Bhandoh ceased to be Director on 24 Sep 2015. Rays Polymers has 7 board changes on record in total.