Siddhi Polymers Private Limited
About Siddhi Polymers Private Limited
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Siddhi Polymers Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 10 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25200GJ1994PTC021279. Its GSTIN is 24AADCS0495H1ZE (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.05 Lakh. It is led by directors including Mitesh Nayanbhai Shah and Dhruvesh Jayeshbhai Shah.
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 35 Bharatkhand Mill Compoundamadupura 25, Ahmedabad, Gujarat, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.08 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹6.92 Lakh (net margin 1.4%) and EBITDA of ₹14.47 Lakh (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 15% over five years.
As per MCA filings, the company has open charges of ₹10.05 Lakh and satisfied charges of ₹2 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Siddhi Polymers Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address35 Bharatkhand Mill Compoundamadupura 25, Ahmedabad, Gujarat, India
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Siddhi Polymers 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 Siddhi Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Siddhi Polymers Private Limited, buy the company report.
Financials of Siddhi Polymers Private Limited
FY 2025 filings availableSiddhi Polymers Private Limited reported revenue of ₹5.08 Cr (up 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 37% growth in the latest year. EBITDA fell 13% 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 | ₹14.47 Lakh | ||||
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| Net Profit (PAT) | ₹6.92 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 1.4% | ||||
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To see the full financial statements and ratios of Siddhi Polymers Private Limited, buy the company report.
Board of directors of Siddhi Polymers Private Limited
Siddhi Polymers has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mitesh Nayanbhai Shah | Director | 28 Dec 2019 | 6 Years 9 Months | Current |
| Dhruvesh Jayeshbhai Shah | Director | 18 Oct 2021 | 5 Years 0 Months | Current |
| Saumil Jayeshbhai Shah | Director | 18 Oct 2021 | 5 Years 0 Months | Current |
| Jayesh Kantilal Shah | Director | 07 May 2013 | 13 Years 5 Months | Current |
| Nitaben Shah Jayeshbhai | Director | 10 Nov 2003 | 22 Years 11 Months | Current |
Peer comparison
Siddhi Polymers Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Iykot Hitech Toolroom Limited | ₹5.1 Cr (FY 2025) | 259.0% | Chennai, Tamil Nadu, India | |||
| Siddhi Polymers Private Limitedthis company | ₹5.08 Cr (FY 2024) | ₹6.92 Lakh | 1.4% | 37.0% | Ahmedabad, Gujarat, India | |
| Avita Poly Films Private Limited | ₹5.05 Cr (FY 2025) | 0.0% | Ambernath East, Maharashtra, India | |||
| RKT Plast Private Limited | ₹5.05 Cr (FY 2025) | 26.0% | Jalgaon, Maharashtra, India |
To see the full peer comparison of Siddhi Polymers Private Limited, buy the company report.
Auditor
Siddhi Polymers Private Limited is audited by RAMESH DESAI & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMESH DESAI & ASSOCIATES | FY 2019 | 114507W |
Shareholding
The shareholding of Siddhi Polymers Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Siddhi Polymers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Oct 2022 | 100644655 | Hdfc Bank Limited | ₹10.05 Lakh | Open | |
| 16 Mar 1995 | 90098098 | Dena Bank | ₹2 Lakh | Satisfied |
To see the full charge records of Siddhi Polymers Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Siddhi Polymers Private Limited has 1 court case on record: 1 filed by Siddhi Polymers. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against an individual | Disposed |
To see the full case history of Siddhi Polymers 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 Siddhi Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Siddhi Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCS0495H1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Siddhi Polymers Private Limited, buy the company report.
Recent activity
Siddhi Polymers Private Limited has 7 board changes on record since 2003: 5 appointments and 2 cessations. The latest: Dhruvesh Jayeshbhai Shah was appointed as Director on 18 Oct 2021.
1 earlier event is in the company report.
Frequently asked questions
Siddhi Polymers is an active private limited company based in Ahmedabad, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 10 February 1994 (32+ years old) and is registered under CIN U25200GJ1994PTC021279.
Siddhi Polymers has 5 current directors:
- Mitesh Nayanbhai Shah - Director
- Dhruvesh Jayeshbhai Shah - Director
- Saumil Jayeshbhai Shah - Director
- Jayesh Kantilal Shah - Director
- Nitaben Shah Jayeshbhai - Director
The latest financial statements of Siddhi Polymers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Siddhi Polymers is 24AADCS0495H1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Siddhi Polymers is U25200GJ1994PTC021279. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Siddhi Polymers has 1 court case on record: 1 filed by the company.
Siddhi Polymers was incorporated on 10 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Siddhi Polymers by revenue are Iykot Hitech Toolroom Limited, Avita Poly Films Private Limited, RKT Plast Private Limited, all in the Manufacturing industry (Plastic Based Products, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Dhruvesh Jayeshbhai Shah was appointed as Director on 18 Oct 2021. Saumil Jayeshbhai Shah was appointed as Director on 18 Oct 2021. Mitesh Nayanbhai Shah was appointed as Director on 28 Dec 2019. Siddhi Polymers has 7 board changes on record in total.
The registered office of Siddhi Polymers is at 35 Bharatkhand Mill Compoundamadupura 25, Ahmedabad, Gujarat, India.
Siddhi Polymers operates in the manufacturing industry, in the plastic-based products segment.