Set-Up Polymer Pipe Private Limited
About Set-Up Polymer Pipe Private Limited
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Set-Up Polymer Pipe Private Limited is a private limited company based in Rajkot, Gujarat, India, recognised as a startup by DPIIT. It operates in the manufacturing segment of the plastics and polymers sector. It was incorporated on 19 July 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25200GJ2021PTC124203.
The company has an authorised share capital of ₹61 Lakh and a paid-up capital of ₹61 Lakh. It is led by directors including Sagar Chunilal Vora and Jignesh Bhagvanjibhai Borsadiya.
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 Plot No. 999 To 1004/ 5 To 8/1 Aji Vasahat Street No. 6 80 Feet Road, Rajkot, Gujarat, India – 360003.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.09 Cr, a growth of 70% compared to the previous year. For the same year it recorded a net loss of ₹23.38 Lakh (net margin -4.6%) and EBITDA of ₹37.07 Lakh (EBITDA margin 7.3%).
As per MCA filings, the company has open charges of ₹2.85 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No. 999 To 1004/ 5 To 8/1 Aji Vasahat Street No. 6 80 Feet Road, Rajkot, Gujarat, India – 360003
- IndustryPlastics, Manufacturing, Plastic
- 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 Set-Up Polymer Pipe Private Limited
The main business activity of Set-Up Polymer Pipe 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 Set-Up Polymer Pipe Private Limited FY 2025 filings available
Set-Up Polymer Pipe Private Limited reported revenue of ₹5.09 Cr (up 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Set-Up Polymer Pipe Private Limited
Revenue rose 70% in the latest year. EBITDA fell 9% 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 Set-Up Polymer Pipe Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | ₹37.07 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹23.38 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 Set-Up Polymer Pipe Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 7.3% | •••• | •••• | •••• |
| Net Profit Margin | -4.6% | •••• | •••• | •••• |
| 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 Set-Up Polymer Pipe are in the company report.
Financial statements from FY 2022
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 Set-Up Polymer Pipe Private Limited
Set-Up Polymer Pipe Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Fittings, Pipes). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Salecha Tubes and Pipes Private Limited | ₹5.16 Cr (FY 2018) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Aquanza Infrastructure Engineering Private Limited | ₹5.14 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Hyderaba, Telangana, India |
| Inventive Doors and Decors Private Limited | ₹5.12 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Ahmedabad, Gujarat, India |
| Shri Siddhivinayak Solar Solutions Private Limited | ₹5.1 Cr (FY 2025) | •••• | •••• | -72.0% | •••• | Raipur, Chattisgarh, India |
| Aceinox Industries Private Limited | ₹5.09 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Ludhiana, Punjab, India |
| Set-Up Polymer Pipe Private Limited this company | ₹5.09 Cr (FY 2025) | •••• | •••• | 70.0% | •••• | Rajkot, Gujarat, India |
| Krishna Polypipes Private Limited | ₹5.09 Cr (FY 2025) | •••• | •••• | -85.0% | •••• | Indore, Madhya Pradesh, India |
| Polo Plus Pipes Private Limited | ₹5.09 Cr (FY 2024) | •••• | •••• | -30.0% | •••• | Limbdi, Gujarat, India |
| Sichern Innovations Private Limited | ₹5.09 Cr (FY 2025) | •••• | •••• | 267.0% | •••• | Delhi, India |
| Keepsake Industries Private Limited | ₹5.07 Cr (FY 2016) | •••• | •••• | 812.0% | •••• | Chhindwara, Madhya Pradesh, India |
| Himmatramka Plastic India Private Limited | ₹5.06 Cr (FY 2025) | •••• | •••• | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Set-Up Polymer Pipe by revenue in the Manufacturing industry (Fittings, Pipes), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Set-Up Polymer Pipe Private Limited
Set-Up Polymer Pipe has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sagar Chunilal Vora | Director | 19 Jul 2021 | 5 Years 2 Months | Current |
| Jignesh Bhagvanjibhai Borsadiya | Director | 19 Jul 2021 | 5 Years 2 Months | Current |
| Neel Mansukhbhai Vekariya | Director | 19 Jul 2021 | 5 Years 2 Months | Current |
Charges & Borrowings of Set-Up Polymer Pipe Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Dec 2025 | Others | ₹50 Lakh | Open |
| 09 Jan 2023 | Canara Bank | ₹2.35 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Set-Up Polymer Pipe Private Limited
Employment history and EPFO contributions of people linked to Set-Up Polymer Pipe.
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 Set-Up Polymer Pipe Private Limited
Set-Up Polymer Pipe Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Kailash Kumar ceased to be Director on 12 Dec 2024.
Credit Ratings, Litigation & Regulatory Alerts for Set-Up Polymer Pipe 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 Set-Up Polymer Pipe 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 Set-Up Polymer Pipe 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 Set-Up Polymer Pipe Private Limited
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 Set-Up Polymer Pipe 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 Set-Up Polymer Pipe Private Limited
Set-Up Polymer Pipe is an active private limited company based in Rajkot, Gujarat, India. The company works in manufacturing, within the plastics industry. It was incorporated on 19 July 2021 (5+ years old) and is registered under CIN U25200GJ2021PTC124203.
Set-Up Polymer Pipe reported revenue of ₹5.09 Cr for FY 2025 (up 70% YoY).
Set-Up Polymer Pipe has 3 current directors:
- Sagar Chunilal Vora - Director
- Jignesh Bhagvanjibhai Borsadiya - Director
- Neel Mansukhbhai Vekariya - Director
Set-Up Polymer Pipe reported a net loss of ₹23.38 Lakh (net margin -4.6%) and EBITDA of ₹37.07 Lakh (EBITDA margin 7.3%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Set-Up Polymer Pipe is U25200GJ2021PTC124203. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Set-Up Polymer Pipe was incorporated on 19 July 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Set-Up Polymer Pipe by revenue are Salecha Tubes and Pipes Private Limited, Aquanza Infrastructure Engineering Private Limited, Inventive Doors and Decors Private Limited, Shri Siddhivinayak Solar Solutions Private Limited, Aceinox Industries Private Limited and 5 more, all in the Manufacturing industry (Fittings, Pipes).
Kailash Kumar ceased to be Director on 12 Dec 2024. Jignesh Bhagvanjibhai Borsadiya was appointed as Director on 19 Jul 2021. Neel Mansukhbhai Vekariya was appointed as Director on 19 Jul 2021. Set-Up Polymer Pipe has 4 board changes on record in total.
Yes, Set-Up Polymer Pipe is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Set-Up Polymer Pipe is at Plot No. 999 To 1004 5 To 81 Aji Vasahat Street No. 6 80 Feet Road, Rajkot, Gujarat, India – 360003.
Set-Up Polymer Pipe has an authorised share capital of ₹61 Lakh and a paid-up capital of ₹61 Lakh.