About Shreekar Polyster Private Limited
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Shreekar Polyster Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 February 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17110MH1997PTC106123. Its GSTIN is 27AADCS8861P1ZH (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹55.07 Lakh. It is led by directors including Paras Pukhraj Sanghvi (Managing Director) and Bhavik Ashok Sanghvi (Whole-Time Director).
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹62.55 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹15.53 Lakh (net margin 0.2%) and EBITDA of ₹2.12 Cr (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 6% over five years.
As per MCA filings, the company has open charges of ₹13.53 Cr and satisfied charges of ₹42.91 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 2 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹22.6 Lakh; the latest was in March 2007. Its 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 4 smaller; the largest is J.T. Fabrics Private Limited with revenue of ₹62.61 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shreekarpolyster.com.
Company details
CIN history
Shreekar Polyster has one previous CIN (Corporate Identification Number): U99999MH1997PTC106123. The current CIN is U17110MH1997PTC106123, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17110MH1997PTC106123 | Current |
| U99999MH1997PTC106123 | Previous |
Contact details
Shreekar Polyster Private Limited's registered office is in Mumbai, Maharashtra. Its website is shreekarpolyster.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address16 Bandrawala Building R. No. 12 1st Floor Dadi Seth Agiary Lane Kalbad, Evi, Mumbai, Maharashtra, India – 400002
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Shreekar Polyster Private Limited, buy the company report.
- 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
Business activity
The main business activity of Shreekar Polyster is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Shreekar Polyster Private Limited, buy the company report.
Financials of Shreekar Polyster Private Limited
FY 2024 filings availableShreekar Polyster Private Limited reported revenue of ₹62.55 Cr (down 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 8% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.53 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Shreekar Polyster Private Limited, buy the company report.
Board of directors of Shreekar Polyster Private Limited
Shreekar Polyster has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavik Ashok Sanghvi | Whole-Time Director | 01 Apr 2004 | 22 Years 6 Months | Current |
| Kushal Tarunkumar Sanghvi Also directs: Lavanya Fabrics LLP | Whole-Time Director | 01 Dec 2004 | 21 Years 10 Months | Current |
| Paras Pukhraj Sanghvi | Managing Director | 14 Oct 2002 | 24 Years 0 Months | Current |
| Tarunkumar Pukhraj Sanghvi | Whole-Time Director | 27 Aug 2005 | 21 Years 2 Months | Current |
| Kashish Bharat Sanghvi Also directs: Regalia Fabrics International LLP | Director | 11 Jun 2012 | 14 Years 4 Months | Current |
Peer comparison
Shreekar Polyster Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| J.T. Fabrics Private Limited | ₹62.61 Cr (FY 2025) | 32.0% | Madurai, Tamil Nadu, India | |||
| PVM Enterprises Private Limited | ₹62.61 Cr (FY 2024) | 48.0% | Punjab, India | |||
| Bangalore Shirt Company Private Limited | ₹62.57 Cr (FY 2025) | 26.0% | Bangalore, Karnataka, India | |||
| Shreekar Polyster Private Limitedthis company | ₹62.55 Cr (FY 2024) | ₹15.53 Lakh | 0.2% | -18.0% | Mumbai, Maharashtra, India | |
| Him Chem Limited | ₹62.53 Cr (FY 2025) | -6.0% | Solan, Himachal Pradesh, India | |||
| Lakshmi Cotfab Private Limited | ₹62.51 Cr (FY 2018) | 6.0% | Paddhari, Gujarat, India | |||
| Vision Non-Wovens Private Limited | ₹62.5 Cr (FY 2025) | 107.0% | Jamnagar, Gujarat, India | |||
| Payal Dyeing and Printing Mills Private Limited | ₹62.45 Cr (FY 2025) | 33.0% | Surat, Gujarat, India |
To see the full peer comparison of Shreekar Polyster Private Limited, buy the company report.
Auditor
Shreekar Polyster Private Limited is audited by Lavanya Rajpurohit & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lavanya Rajpurohit & Co. | FY 2023 | 132609W |
Shareholding
The shareholding of Shreekar Polyster 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 Shreekar Polyster Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Feb 2025 | 101053269 | Axis Bank Limited | ₹12 Lakh | Open | |
| 18 Sep 2021 | 100519119 | Axis Bank Limited | ₹13.41 Cr | Open | |
| 31 Aug 2020 | 100372285 | Abhyudaya Co-Operative Bank Limited | ₹82.5 Lakh | Satisfied | |
| 18 Aug 2018 | 100226957 | Abhyudaya Co-Operative Bank Limited | ₹37.2 Lakh | Satisfied | |
| 29 May 2017 | 100103278 | Abhyudaya Co-Operative Bank Limited | ₹1.79 Cr | Satisfied |
To see the full charge records of Shreekar Polyster Private Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Shreekar Polyster Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹22.6 Lakh; the latest was in March 2007.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2007 | Funding round | ₹22.6 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shreekar Polyster Private Limited has 7 court cases on record: 4 filed by Shreekar Polyster, 3 filed against it. 2 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 1 |
| High courts | 2 | 2 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Theni, Tamil Nadu | Court case (IP) | Filed against the company by an individual | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 4 | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 4 | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed by the company against an individual | Disposed |
To see the full case history of Shreekar Polyster 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 Shreekar Polyster Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shreekar Polyster has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCS8861P1ZH | Maharashtra | Active | 01 Jul 2017 |
| 33AADCS8861P1ZO | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shreekar Polyster Private Limited, buy the company report.
Recent activity
Shreekar Polyster Private Limited has 6 board changes on record since 2002: 5 appointments and 1 cessation. The latest: Kashish Bharat Sanghvi was appointed as Director on 11 Jun 2012.
44 earlier events are in the company report.
Frequently asked questions
Shreekar Polyster is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 24 February 1997 (29+ years old) and is registered under CIN U17110MH1997PTC106123.
Shreekar Polyster has 5 current directors:
- Paras Pukhraj Sanghvi - Managing Director
- Bhavik Ashok Sanghvi - Whole-Time Director
- Kushal Tarunkumar Sanghvi - Whole-Time Director
- Tarunkumar Pukhraj Sanghvi - Whole-Time Director
- Kashish Bharat Sanghvi - Director
The latest financial statements of Shreekar Polyster 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 Shreekar Polyster is 27AADCS8861P1ZH, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AADCS8861P1ZO (Tamil Nadu).
The CIN (Corporate Identification Number) of Shreekar Polyster is U17110MH1997PTC106123. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shreekar Polyster has 7 court cases on record: 4 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Shreekar Polyster was incorporated on 24 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Shreekar Polyster has 1 deal on record (1 funding round), with disclosed funding of ₹22.6 Lakh; the latest was in March 2007.
The peers of Shreekar Polyster by revenue are J.T. Fabrics Private Limited, PVM Enterprises Private Limited, Bangalore Shirt Company Private Limited, Him Chem Limited, Lakshmi Cotfab Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Kashish Bharat Sanghvi was appointed as Director on 11 Jun 2012. Bharat Pukhraj Shah ceased to be Whole-Time Director on 22 Apr 2012. Tarunkumar Pukhraj Sanghvi was appointed as Whole-Time Director on 27 Aug 2005. Shreekar Polyster has 6 board changes on record in total.
Shreekar Polyster can be reached through the website shreekarpolyster.com. Its registered office is in Mumbai, Maharashtra, India.
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