MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0054211
Rishi Polymach Private Limited - manufacturing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹25.66 Cr
▲ 9% YoY
Net loss · FY 2025
₹26.32 Lakh
Net margin -1%
EBITDA · FY 2025
₹99.44 Lakh
EBITDA margin 3.9%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.74 Cr
Issued & subscribed
Open charges
₹12.4 Cr
Satisfied ₹37 Lakh
Company age
38 yrs
Est. 1988
Employees · EPFO
25
Provident fund records
About Rishi Polymach Private Limited
Data last updated:
Rishi Polymach Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 05 April 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1988PTC009010. Its GSTIN is 29AAACR8789A1Z1 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.74 Cr. It is led by directors Jaichand Lal Daga (Managing Director) and Mukesh Kumar Daga.
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 Building No C – 2 Kudremukh Colony Sarjapur Road 2nd Block Kormangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2025, the company reported a revenue of ₹25.66 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹26.32 Lakh (net margin -1%) and EBITDA of ₹99.44 Lakh (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 9% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.4 Cr and satisfied charges of ₹37 Lakh on record. Court records list 68 cases involving the company, including 40 filed by the company and 28 filed against it; 25 cases are pending.
Rishi Polymach Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0054211). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rishipolymach.in.
Company details
CIN U85110KA1988PTC009010
Registration Number 009010
Incorporation Date 05 April 1988
ROC Bangalore
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-KR-03-0054211
CIN history
Rishi Polymach has one previous CIN (Corporate Identification Number): U25209KA1988PTC009010. The current CIN is U85110KA1988PTC009010, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1988PTC009010 | Current |
| U25209KA1988PTC009010 | Previous |
Recognitions & Rankings of Rishi Polymach
Contact details
Rishi Polymach Private Limited's registered office is in Bangalore, Karnataka. Its website is rishipolymach.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBuilding No C – 2 Kudremukh Colony Sarjapur Road 2nd Block Kormangala, Bangalore, Karnataka, India – 560034
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Rishi Polymach Private Limited, buy the company report.
Comprehensive company report
Rishi Polymach 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 Rishi Polymach is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Rishi Polymach Private Limited, buy the company report.
Financials of Rishi Polymach Private Limited
FY 2024 filings availableRishi Polymach Private Limited reported revenue of ₹25.66 Cr (up 9% YoY) for FY 2025.
Revenue · FY 2025
₹25.66 Cr ▲ 9%
Net loss · FY 2025
₹26.32 Lakh margin -1%
EBITDA · FY 2025
₹99.44 Lakh margin 3.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 38%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 7%
5 years · compounded
▼ 2%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 9% growth in the latest year. EBITDA fell 20% 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
| 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 | ₹99.44 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹26.32 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | ||||
| Net Profit Margin | -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 | |||||
To see the full financial statements and ratios of Rishi Polymach Private Limited, buy the company report.
Board of directors of Rishi Polymach Private Limited
Rishi Polymach has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaichand Lal Daga Also directs: Prime Pipes & Fittings Private Limited, Daga Housing Private Limited, Prime Tele-Extrusions Limited and 2 more | Managing Director | 08 Oct 2004 | 22 Years 0 Months | Current |
| Mukesh Kumar Daga Also directs: Daga Housing Private Limited, Prime Tele-Extrusions Limited, Dhanashree Securities Andinvestment Company Limited and 1 more | Director | 04 Apr 2023 | 3 Years 6 Months | Current |
Peer comparison
Rishi Polymach Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Pipes), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Divyam Pipes and Tube Private Limited | ₹25.99 Cr (FY 2023) | 22.0% | Kolkata, West Bengal, India | |||
| Tolsons Pipes and Profiles Private Limited | ₹25.9 Cr (FY 2024) | 0.0% | Badlapur, Maharashtra, India | |||
| Rishi Polymach Private Limitedthis company | ₹25.66 Cr (FY 2025) | -₹26.32 Lakh | -1% | 9.0% | 25 | Bangalore, Karnataka, India |
| Dustech Duct Company Private Limited | ₹25.62 Cr (FY 2025) | 10.0% | New Delhi, Delhi, India |
To see the full peer comparison of Rishi Polymach Private Limited, buy the company report.
Auditor
Rishi Polymach Private Limited is audited by VIRUPAXI B VANTAGITTI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIRUPAXI B VANTAGITTI | FY 2023 | 215192 |
Shareholding
The shareholding of Rishi Polymach Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rishi Polymach Private Limited, buy the company report.
Charges & borrowings
Open charges
₹12.4 Cr
Satisfied charges
₹37 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jul 2024 | 100956876 | Karnataka State Financial Corporation | ₹4.75 Cr | Open | |
| 25 Jan 2005 | 80002790 | State Bank of India | ₹7.65 Cr | Open | |
| 08 Dec 1997 | 90191881 | Dena Bank | ₹37 Lakh | Satisfied |
To see the full charge records of Rishi Polymach Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Rishi Polymach Private Limited has 68 court cases on record: 40 filed by Rishi Polymach, 28 filed against it. 25 cases are pending and 43 are disposed.
Total cases
68
Filed by the company
40
Filed against the company
28
Pending
25
Disposed
43
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 64 | 25 | 24 |
| High courts | 4 | 3 | 1 |
Cases on record (5 of 68)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Vsaga Infra Projects LLP and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Vsaga Infra Projects LLP | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Saitrisha Infra Engineers Pvt Ltd and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by Redsand Constructions by Prop Mahesh Kumar P | Pending |
| District court, MYSURU, Karnataka | Court case (Ref.) | Filed against the company by an individual | Pending |
To see the full case history of Rishi Polymach Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rishi Polymach Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rishi Polymach Private Limited has a workforce of 25 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
GST
Rishi Polymach has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACR8789A1Z1 | Karnataka | Active | 01 Jul 2017 |
| 33AAACR8789A1ZC | Tamil Nadu | Active | 03 Oct 2017 |
To see the full GST registrations and return filing status of Rishi Polymach Private Limited, buy the company report.
Recent activity
Rishi Polymach Private Limited has 4 board changes on record since 2004: 2 appointments and 2 cessations. The latest: Mukesh Kumar Daga was appointed as Director on 04 Apr 2023.
Charges
A charge with State Bank Of India of Rs. 7.65 Cr registered on 25 Jan 2005 with Charge ID 80002790 was modified on 28 Jan 2025.
AGM
Rishi Polymach Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Karnataka State Financial Corporation amounted to Rs. 4.75 Cr with Charge ID 100956876 was registered on 22 Jul 2024.
Filing
Rishi Polymach Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Mukesh Kumar Daga was appointed as Director.
Ceased
Dhanraj Daga ceased to be Director.
Ceased
Rakesh Kumar Daga ceased to be Additional Director.
Charges
A charge registered on 08 Dec 1997 via Charge ID 90191881 with Dena Bank was fully satisfied on 03 Feb 2005.
Charges
A charge with State Bank Of India amounted to Rs. 7.65 Cr with Charge ID 80002790 was registered on 25 Jan 2005.
Charges
A charge with Dena Bank of Rs. 0.37 Cr registered on 08 Dec 1997 with Charge ID 90191881 was modified on 30 Oct 2004.
Appointed
Jaichand Lal Daga was appointed as Managing Director.
Charges
A charge with Dena Bank amounted to Rs. 0.37 Cr with Charge ID 90191881 was registered on 08 Dec 1997.
1 earlier event is in the company report.
Frequently asked questions
Rishi Polymach is an active private limited company based in Bangalore, Karnataka, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 05 April 1988 (38+ years old) and is registered under CIN U85110KA1988PTC009010.
Rishi Polymach has 2 current directors:
- Jaichand Lal Daga - Managing Director
- Mukesh Kumar Daga - Director
The latest financial statements of Rishi Polymach 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 Rishi Polymach is 29AAACR8789A1Z1, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAACR8789A1ZC (Tamil Nadu).
The CIN (Corporate Identification Number) of Rishi Polymach is U85110KA1988PTC009010. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rishi Polymach has 68 court cases on record: 40 filed by the company and 28 filed against it. 25 are pending. Most are in the district courts.
Rishi Polymach was incorporated on 05 April 1988, making it 38+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Rishi Polymach by revenue are Divyam Pipes and Tube Private Limited, Tolsons Pipes and Profiles Private Limited, Dustech Duct Company Private Limited, all in the Manufacturing industry (Pipes), with the same principal business activity (wholesale trading).
Mukesh Kumar Daga was appointed as Director on 04 Apr 2023. Dhanraj Daga ceased to be Director on 31 Dec 2015. Rakesh Kumar Daga ceased to be Additional Director on 30 Sep 2015. Rishi Polymach has 4 board changes on record in total.
Yes, Rishi Polymach is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0054211).
Rishi Polymach can be reached through the website rishipolymach.in. Its registered office is in Bangalore, Karnataka, India.
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