Safar Polyfibre Private Limited

Safar Polyfibre Private Limited - manufacturing in Rajkot, Gujarat, India. FY 2026 financials & compliance.
CIN U17297GJ2016PTC086059 Incorporated 11 February 2016 ROC Ahmedabad HQ Rajkot, Gujarat, India
Active Private Limited Company manufacturing MSME · Medium
Data last updated
Revenue · FY 2023
₹165.98 Cr
▲ 12% YoY
Net profit · FY 2023
₹5.62 Cr
Net margin 3.4%
EBITDA · FY 2023
₹16.27 Cr
EBITDA margin 9.8%
Authorised capital
₹9 Cr
Registered with MCA
Paid-up capital
₹9 Cr
Issued & subscribed
Open charges
₹126.84 Cr
Satisfied ₹40.04 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
211
Provident fund records

About Safar Polyfibre Private Limited

Data last updated:

Safar Polyfibre Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 11 February 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17297GJ2016PTC086059. Its GSTIN is 24AAWCS7427C1Z3 (Gujarat).

The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹9 Cr. It is led by directors including Renish Chandulal Bhalodiya and Hiteshkumar Ramniklal Bhalodia.

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 Revenue Survey No. 12/1/1 NH – 27 Nr. Kuvadava GIDC Kuchiyadad, Rajkot, Gujarat, India – 360023.

As per the financials filed for FY 2023, the company reported a revenue of ₹165.98 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹5.62 Cr (net margin 3.4%) and EBITDA of ₹16.27 Cr (EBITDA margin 9.8%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 28% over five years.

The company has about 211 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Safar Polyfibre. As per MCA filings, the company has open charges of ₹126.84 Cr and satisfied charges of ₹40.04 Cr on record. Court records list 6 cases involving the company, including 6 filed against it. The company has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹8.95 Cr; the latest was in March 2024. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 4 overdue payments to 1 micro and small supplier.

Safar Polyfibre Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0002136). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website safarpolyfibre.com.

Company details

CIN U17297GJ2016PTC086059
Registration Number 086059
Incorporation Date 11 February 2016
ROC Ahmedabad
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 Medium
Udyam Registration UDYAM-GJ-20-0002136
Key People
Renish Chandulal Bhalodiya Director Hiteshkumar Ramniklal Bhalodia Director Samirkumar Bhesdadia Director

Recognitions & Rankings of Safar Polyfibre

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-20-0002136

Contact details

Safar Polyfibre Private Limited's registered office is in Rajkot, Gujarat. Its website is safarpolyfibre.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    safarpolyfibre.com
  • Registered Address
    Revenue Survey No. 12/1/1 NH – 27 Nr. Kuvadava GIDC Kuchiyadad, Rajkot, Gujarat, India – 360023
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Safar Polyfibre Private Limited, buy the company report.

Comprehensive company report
Safar Polyfibre 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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Brands

Safar Polyfibre operates one associated brand: Safar Polyfibre. Each brand links to its own profile.

BrandDescriptionWebsite
Safar Polyfibre
Delivers comprehensive plastic recycling services and solutions for clients.safarpolyfibre.com

Financials of Safar Polyfibre Private Limited

FY 2024 filings available

Safar Polyfibre Private Limited reported revenue of ₹165.98 Cr (up 12% YoY) for FY 2023.

Revenue · FY 2023
₹165.98 Cr ▲ 12%
Net profit · FY 2023
₹5.62 Cr margin 3.4%
EBITDA · FY 2023
₹16.27 Cr margin 9.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 12%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▲ 64%
3 years · compounded
▲ 18%
5 years · compounded
▲ 41%

Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 12% growth in the latest year. EBITDA rose 64% 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 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹165.98 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹16.27 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹5.62 Cr
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 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin9.8%
Net Profit Margin3.4%
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 Safar Polyfibre Private Limited, buy the company report.

Board of directors of Safar Polyfibre Private Limited

Safar Polyfibre has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Renish Chandulal Bhalodiya
Also directs: Srichakra Safar Ecopet Private Limited, Regenpoly Private Limited
Director11 Feb 201610 Years 8 MonthsCurrent
Hiteshkumar Ramniklal Bhalodia
Also directs: 518 Buildcon LLP, Shreenathji Properties LLP, Srichakra Safar Ecopet Private Limited
Director11 Feb 201610 Years 8 MonthsCurrent
Samirkumar Bhesdadia
Also directs: Shreenathji Properties LLP, Srichakra Safar Ecopet Private Limited
Director06 Dec 20250 Years 10 MonthsCurrent
Jayesh Ratilal BhalodiyaDirector06 Dec 20250 Years 10 MonthsCurrent
View all directors

Auditor

Safar Polyfibre Private Limited is audited by GHETIYA M.C. & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
GHETIYA M.C. & CO.FY 2023131273W

Shareholding

The shareholding of Safar Polyfibre 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Safar Polyfibre Private Limited, buy the company report.

Charges & borrowings

Open charges
₹126.84 Cr
Satisfied charges
₹40.04 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹126.84 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
10 Oct 2023100821890Hdfc Bank Limited₹81.35 CrOpen
17 Mar 2020100334643Hdfc Bank Limited₹45.49 CrOpen
23 Sep 2016100054878State Bank of India₹40.04 CrSatisfied

To see the full charge records of Safar Polyfibre Private Limited, buy the company report.

Total charge records: 3 View all charges

Deals & funding

Safar Polyfibre Private Limited has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹8.95 Cr; the latest was in March 2024.

Total deals
8
Secondary share transfers
7
Funding round
1
Disclosed funding
₹8.95 Cr

Deals on record (5 of 8)

WhenDealAmountParties
Mar 2024Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Jan 2024Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Dec 2023Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2020Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Oct 2019Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 3 individuals

To see the full deal history of Safar Polyfibre Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Safar Polyfibre Private Limited was last rated by Icra on 28 Oct 2021.

Rating agencyRated onRating
Icra28 Oct 2021

To see the full credit ratings and regulatory alerts of Safar Polyfibre Private Limited, buy the company report.

MSME payment delays

Safar Polyfibre Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 4 overdue payments to 1 micro and small supplier. 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 (1 of 1)

SupplierAmount dueDue sinceReported on
Shree Ram Enterprise

To see the full MSME payment records of Safar Polyfibre Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Safar Polyfibre Private Limited has a workforce of 211 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
211
Active EPFO establishments
1
Employee growth
2.43%

GST

Safar Polyfibre has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAWCS7427C1Z3GujaratActive01 Jul 2017

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

Recent activity

Safar Polyfibre Private Limited has 15 board changes on record since 2016: 8 appointments and 7 cessations. The latest: Jayesh Ratilal Bhalodiya was appointed as Director on 06 Dec 2025.

Appointed
Jayesh Ratilal Bhalodiya was appointed as Director.
Appointed
Samirkumar Bhesdadia was appointed as Director.
Charges
A charge with Hdfc Bank Limited of Rs. 45.49 Cr registered on 17 Mar 2020 with Charge ID 100334643 was modified on 11 Jun 2025.
AGM
Safar Polyfibre Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Appointed
Sagar Vallbhbhai Kantariya was appointed as Director.
Ceased
Chandulal Khimjibhai Bhalodiya ceased to be Director.
Ceased
Jignesh Parsottambhai Bhalodia ceased to be Director.
Ceased
Nileshkumar Jamnadas Bhalodia ceased to be Director.
Ceased
Pareshkumar Ramniklal Bhalodia ceased to be Director.
Ceased
Rishit Girishbhai Chapla ceased to be Director.
Ceased
Samirkumar Bhesdadia ceased to be Director.
Filing
Safar Polyfibre Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

12 earlier events are in the company report.

Frequently asked questions

Safar Polyfibre is an active private limited company based in Rajkot, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 11 February 2016 (10+ years old) and is registered under CIN U17297GJ2016PTC086059.

Safar Polyfibre has 4 current directors:

The latest financial statements of Safar Polyfibre 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 FY 2016 are in the company report.

The GSTIN of Safar Polyfibre is 24AAWCS7427C1Z3, registered in Gujarat.

The CIN (Corporate Identification Number) of Safar Polyfibre is U17297GJ2016PTC086059. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Safar Polyfibre has 6 court cases on record: 6 filed against it.

Safar Polyfibre was incorporated on 11 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Safar Polyfibre has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹8.95 Cr; the latest was in March 2024.

Jayesh Ratilal Bhalodiya was appointed as Director on 06 Dec 2025. Samirkumar Bhesdadia was appointed as Director on 06 Dec 2025. Sagar Vallbhbhai Kantariya was appointed as Director on 02 Jul 2024. Safar Polyfibre has 15 board changes on record in total.

Yes, Safar Polyfibre is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-20-0002136).

Safar Polyfibre has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 4 overdue payments to 1 micro and small supplier. The latest return was filed on 20 Jun 2019.