About Shankarsheth Polymers Private Limited
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Shankarsheth Polymers Private Limited is a private limited company based in Latur, Maharashtra, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 24 September 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U25190MH2009PTC196009. Its GSTIN is 27AANCS5219F1Z6 (Maharashtra).
The company has an authorised share capital of ₹1.75 Cr and a paid-up capital of ₹25 Lakh. It is led by directors Kushal Nilesh Thakker and Nilesh Hemraj Thakker.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Plot No.A – 94 Additional MIDC Harangul (Bk.), Latur, Maharashtra, India – 413512.
As per the financials filed for FY 2022, the company reported a revenue of ₹45.62 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹93.14 Lakh (net margin -204.2%) and EBITDA of ₹26.52 Lakh (EBITDA margin 58.1%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 44% over five years.
As per MCA filings, the company has open charges of ₹13.1 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aromahotel.co.in.
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- Website
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- Registered AddressPlot No.A – 94 Additional MIDC Harangul (Bk.), Latur, Maharashtra, India – 413512
- IndustryManufacturing, Plastic-Based Products
- 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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Financials of Shankarsheth Polymers Private Limited FY 2022 filings available
Shankarsheth Polymers Private Limited reported revenue of ₹45.62 Lakh (down 96% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Shankarsheth Polymers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 44% over five years, including a 96% fall in the latest year. EBITDA fell 79% 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 Shankarsheth Polymers Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹45.62 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹26.52 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹93.14 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 Shankarsheth Polymers Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 58.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -204.2% | •••• | •••• | •••• | •••• |
| 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 Shankarsheth 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 Shankarsheth Polymers Private Limited
Shankarsheth Polymers Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Plastic Based Products, 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 |
|---|---|---|---|---|---|---|
| Blasstek Polymers Private Limited | ₹46.15 Lakh (FY 2024) | •••• | •••• | •••• | Erode, Tamil Nadu, India | |
| Print Polymers Private Limited | ₹46.12 Lakh (FY 2025) | •••• | •••• | -62.0% | •••• | New Delhi, Delhi, India |
| Minflex Polymers Private Limited | ₹46.07 Lakh (FY 2024) | •••• | •••• | -8.0% | •••• | Rajasthan, India |
| Biolastics India Private Limited | ₹45.73 Lakh (FY 2025) | •••• | •••• | 5455.0% | •••• | Delhi, India |
| Neostyle India Private Limited | ₹45.69 Lakh (FY 2025) | •••• | •••• | -20.0% | •••• | Mumbai, Maharashtra, India |
| Shankarsheth Polymers Private Limited this company | ₹45.62 Lakh (FY 2022) | •••• | •••• | -96.0% | •••• | Latur, Maharashtra, India |
| Ramshams Sealing India Private Limited | ₹45.55 Lakh (FY 2024) | •••• | •••• | -6.0% | •••• | Bangalore, Karnataka, India |
| Akash Laminators Private Limited | ₹45.51 Lakh (FY 2018) | •••• | •••• | -10.0% | •••• | Rajaldesar, Rajasthan, India |
| Sri Thirumalai Venkatasamy Textiles Private Limited | ₹45.46 Lakh (FY 2025) | •••• | •••• | 9.0% | •••• | Coimbatore, Tamil Nadu, India |
| Star Eq Private Limited | ₹45.42 Lakh (FY 2025) | •••• | •••• | 56.0% | •••• | Pune, Maharashtra, India |
| Navkar Industry Private Limited | ₹45.28 Lakh (FY 2024) | •••• | •••• | 19.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Shankarsheth Polymers by revenue in the Manufacturing industry (Plastic Based Products, 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 Shankarsheth Polymers Private Limited
Shankarsheth Polymers Private Limited is audited by JUGAL S BAHETI & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JUGAL S BAHETI & 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 Shankarsheth Polymers Private Limited
Shankarsheth Polymers has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kushal Nilesh Thakker | Director | 18 Jan 2018 | 8 Years 8 Months | Current |
| Nilesh Hemraj Thakker | Director | 21 Mar 2014 | 12 Years 6 Months | Current |
Ownership and Shareholding of Shankarsheth 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 Shankarsheth Polymers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Feb 2021 | Others | ₹1.75 Cr | Open |
| 31 Jan 2019 | Others | ₹80 Lakh | Open |
| 09 May 2015 | Others | ₹3 Cr | Open |
| 10 Jan 2013 | Others | ₹80 Lakh | Open |
| 21 Aug 2011 | Others | ₹32 Lakh | Open |
Total charge records: 9 View all charges
Legal Cases of Shankarsheth Polymers Private Limited
Shankarsheth Polymers Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by Abhedya Industries Limited | Disposed |
| District court, Latur, Maharashtra | Court case (Spl .Dkst) | Filed against the company by Abhedya Indus. Ltd | Disposed |
Full case history
All 2 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 Shankarsheth Polymers Private Limited
Employment history and EPFO contributions of people linked to Shankarsheth 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 Shankarsheth Polymers Private Limited
Shankarsheth Polymers Private Limited has 9 board changes on record since 2014: 2 appointments and 7 cessations. The latest: Kushal Nilesh Thakker ceased to be Additional Director on 29 Sep 2018.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shankarsheth 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 Shankarsheth 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
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Subsidiaries & Group Companies of Shankarsheth 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 Shankarsheth Polymers Private Limited
Shankarsheth Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCS5219F1Z6 | Maharashtra | 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 Shankarsheth 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 Shankarsheth Polymers Private Limited
Shankarsheth Polymers is an active private limited company based in Latur, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 24 September 2009 (17+ years old) and is registered under CIN U25190MH2009PTC196009.
Shankarsheth Polymers reported revenue of ₹45.62 Lakh for FY 2022 (down 96% YoY).
Shankarsheth Polymers has 2 current directors:
- Kushal Nilesh Thakker - Director
- Nilesh Hemraj Thakker - Director
Shankarsheth Polymers reported a net loss of ₹93.14 Lakh (net margin -204.2%) and EBITDA of ₹26.52 Lakh (EBITDA margin 58.1%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shankarsheth Polymers is -59% over three years and -44% over five years. In the latest year (FY 2022) revenue fell 96%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shankarsheth Polymers is 27AANCS5219F1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shankarsheth Polymers is U25190MH2009PTC196009. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shankarsheth Polymers has 2 court cases on record: 2 filed against it.
Shankarsheth Polymers was incorporated on 24 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Shankarsheth Polymers by revenue are Blasstek Polymers Private Limited, Print Polymers Private Limited, Minflex Polymers Private Limited, Biolastics India Private Limited, Neostyle India Private Limited and 5 more, all in the Manufacturing industry (Plastic Based Products, Polymers).
Kushal Nilesh Thakker ceased to be Additional Director on 29 Sep 2018. Kushal Nilesh Thakker was appointed as Director on 18 Jan 2018. Mita Nilesh Thakkar ceased to be Additional Director on 30 Sep 2014. Shankarsheth Polymers has 9 board changes on record in total.