Sethia Polymers Private Limited
About Sethia Polymers Private Limited
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Sethia Polymers Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 20 November 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U25201TN1989PTC018360. Its GSTIN is 19AAACS5024P1Z0 (West Bengal).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹14.57 Lakh. It is led by directors Harsh Vardhan Sethia and Sushil Kumar Sethia.
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 13 Erabalu Chetty Street Madras., Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2025, the company reported a revenue of ₹48.87 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹6.38 Lakh (net margin 0.1%) and EBITDA of ₹9.89 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 275% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address13 Erabalu Chetty Street Madras., Chennai, Tamil Nadu, India – 600001
- IndustryManufacturing, Plastic & Resins
- 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 of Sethia Polymers Private Limited
The main business activity of Sethia Polymers is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Sethia Polymers Private Limited FY 2025 filings available
Sethia Polymers Private Limited reported revenue of ₹48.87 Cr (up 47% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Sethia Polymers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 275% over five years, including 47% growth in the latest year. EBITDA fell 59% 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 Sethia Polymers Private Limited
| 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 | ₹9.89 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.38 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 of Sethia Polymers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Sethia 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 Sethia Polymers Private Limited
Sethia Polymers Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Plastics and Resins, Polymers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| PTS Polymers Private Limited | ₹49.36 Cr (FY 2020) | •••• | •••• | -2.0% | •••• | Guwahati, Assam, India |
| Adventec Polymers Private Limited | ₹49.29 Cr (FY 2018) | •••• | •••• | 3.0% | •••• | Kolkata, West Bengal, India |
| Synergy Poly Additives Private Limited | ₹49.2 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Himachal Pradesh, India |
| F.Robin Polymers Private Limited | ₹49.19 Cr (FY 2022) | •••• | •••• | 30.0% | •••• | Dindigul, Tamil Nadu, India |
| Rishiroop Polymers Private Limited | ₹49.11 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Sethia Polymers Private Limited this company | ₹48.87 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Chennai, Tamil Nadu, India |
| Hare Krishna Foamtech Private Limited | ₹48.86 Cr (FY 2024) | •••• | •••• | 127.0% | •••• | Surat, Gujarat, India |
| Ever Bright Plastic Pvt Ltd | ₹48.84 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Kolkata, West Bengal, India |
| Prayag Polytech Private Limited (Transfer From Delhi to Rajasthan) | ₹48.64 Cr (FY 2022) | •••• | •••• | 14.0% | •••• | Alwar, Rajasthan, India |
| Sachdeva Polycolor Private Limited | ₹48.57 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Delhi, India |
| Polybond Rock Fibre Private Limited | ₹47.54 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Dongargaon, Chhattisgarh, India |
Peers are the five companies nearest above and the five nearest below Sethia Polymers by revenue in the Manufacturing industry (Plastics and Resins, Polymers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Sethia Polymers Private Limited
Sethia Polymers Private Limited is audited by RAKESH BAID & COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAKESH BAID & COMPANY | 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 Sethia Polymers Private Limited
Sethia Polymers has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harsh Vardhan Sethia Also directs: Spinworth Fibres Private Limited | Director | 02 Mar 2017 | 9 Years 7 Months | Current |
| Sushil Kumar Sethia | Additional Director | 08 Jul 2017 | 9 Years 3 Months | Current |
Ownership and Shareholding of Sethia 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 Sethia Polymers Private Limited
Sethia Polymers Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Sethia Polymers Private Limited
Employment history and EPFO contributions of people linked to Sethia Polymers.
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 Sethia Polymers Private Limited
Sethia Polymers Private Limited has 8 board changes on record since 1989: 5 appointments and 3 cessations. The latest: Jiwraj Sethia ceased to be Director on 24 Aug 2023.
Credit Ratings, Litigation & Regulatory Alerts for Sethia 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 Sethia 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 Sethia 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 Sethia Polymers Private Limited
Sethia Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACS5024P1Z0 | West Bengal | 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 Sethia 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 Sethia Polymers Private Limited
Sethia Polymers is an active private limited company based in Chennai, Tamil Nadu, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 20 November 1989 (37+ years old) and is registered under CIN U25201TN1989PTC018360.
Sethia Polymers reported revenue of ₹48.87 Cr for FY 2025 (up 47% YoY).
Sethia Polymers has 2 current directors:
- Harsh Vardhan Sethia - Director
- Sushil Kumar Sethia - Additional Director
Sethia Polymers reported a net profit of ₹6.38 Lakh (net margin 0.1%) and EBITDA of ₹9.89 Lakh (EBITDA margin 0.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sethia Polymers is 22% over three years and 275% over five years. In the latest year (FY 2025) revenue rose 47%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sethia Polymers is 19AAACS5024P1Z0, registered in West Bengal.
The CIN (Corporate Identification Number) of Sethia Polymers is U25201TN1989PTC018360. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sethia Polymers was incorporated on 20 November 1989, making it 37+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Sethia Polymers by revenue are PTS Polymers Private Limited, Adventec Polymers Private Limited, Synergy Poly Additives Private Limited, F.Robin Polymers Private Limited, Rishiroop Polymers Private Limited and 5 more, all in the Manufacturing industry (Plastics and Resins, Polymers).
Jiwraj Sethia ceased to be Director on 24 Aug 2023. Dharam Chand Sethia ceased to be Director on 11 Jul 2017. Sushil Kumar Sethia was appointed as Additional Director on 08 Jul 2017. Sethia Polymers has 8 board changes on record in total.
The registered office of Sethia Polymers is at 13 Erabalu Chetty Street Madras., Chennai, Tamil Nadu, India – 600001.