Synchem Polymers Private Limited
About Synchem Polymers Private Limited
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Synchem Polymers Private Limited is a private limited company based in Morbi, Gujarat, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 05 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24299GJ2019PTC107500. Its GSTIN is 24ABBCS8824P1ZS (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sagarbhai Jagdishbhai Adroja and Bhavin Kantilal Kavar.
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 C/O. Shanti Physiotherapy Clinic Savsar Plot 16/2 Nr. Kk Steel Off Shanala Road, Morbi, Gujarat, India – 363641.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.27 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹9 Lakh (net margin 0.4%) and EBITDA of ₹15.18 Lakh (EBITDA margin 0.7%). Revenue has grown at a compounded annual rate (CAGR) of 138% over three years.
As per MCA filings, the company has open charges of ₹2 Cr on record.
Company details
Contact details
Synchem Polymers Private Limited's registered office is in Morbi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O. Shanti Physiotherapy Clinic Savsar Plot 16/2 Nr. Kk Steel Off Shanala Road, Morbi, Gujarat, India – 363641
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Synchem 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 Synchem Polymers is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Synchem Polymers Private Limited, buy the company report.
Financials of Synchem Polymers Private Limited
FY 2024 filings availableSynchem Polymers Private Limited reported revenue of ₹22.27 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 138% over three years, including 16% growth in the latest year. EBITDA rose 16% 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 | ₹15.18 Lakh | ||||
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| Net Profit (PAT) | ₹9 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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| EBITDA Margin | 0.7% | ||||
| Net Profit Margin | 0.4% | ||||
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To see the full financial statements and ratios of Synchem Polymers Private Limited, buy the company report.
Board of directors of Synchem Polymers Private Limited
Synchem Polymers has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sagarbhai Jagdishbhai Adroja Also directs: P & B International LLP, Emirates Mineral (India) LLP, Raffles Speciality Minerals LLP and 1 more | Director | 05 Apr 2019 | 7 Years 6 Months | Current |
| Bhavin Kantilal Kavar Also directs: Emirates Mineral (India) LLP | Director | 05 Apr 2019 | 7 Years 6 Months | Current |
| Vishalkumar Prabhulal Sadariya | Director | 05 Apr 2019 | 7 Years 6 Months | Current |
| Kevalkumar Vinaykumar Varmora | Director | 05 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Synchem Polymers Private Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals, Polymers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Saral Fertilizers Private Limited | ₹22.3 Cr (FY 2025) | 5.0% | Muzaffarnagar, Uttar Pradesh, India | |||
| N D Biotech Private Limited | ₹22.29 Cr (FY 2025) | 73.0% | New Delhi, Delhi, India | |||
| Synchem Polymers Private Limitedthis company | ₹22.27 Cr (FY 2024) | ₹9 Lakh | 0.4% | 16.0% | Morbi, Gujarat, India | |
| Perfo Chem (India) Private Limited | ₹22.14 Cr (FY 2024) | 31.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Synchem Polymers Private Limited, buy the company report.
Auditor
Synchem Polymers Private Limited is audited by BARASARA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BARASARA & ASSOCIATES | FY 2021 | 146058W |
Shareholding
The shareholding of Synchem Polymers Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Synchem Polymers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Feb 2025 | 101058748 | Hdfc Bank Limited | ₹2 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Synchem Polymers Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Synchem Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Synchem Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABBCS8824P1ZS | Gujarat | Active | 17 May 2019 |
To see the full GST registrations and return filing status of Synchem Polymers Private Limited, buy the company report.
Recent activity
Synchem Polymers Private Limited has 4 board changes on record since 2019: 4 appointments. The latest: Bhavin Kantilal Kavar was appointed as Director on 05 Apr 2019.
Frequently asked questions
Synchem Polymers is an active private limited company based in Morbi, Gujarat, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 05 April 2019 (7+ years old) and is registered under CIN U24299GJ2019PTC107500.
Synchem Polymers has 4 current directors:
- Sagarbhai Jagdishbhai Adroja - Director
- Bhavin Kantilal Kavar - Director
- Vishalkumar Prabhulal Sadariya - Director
- Kevalkumar Vinaykumar Varmora - Director
The latest financial statements of Synchem Polymers 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 FY 2020 are in the company report.
The GSTIN of Synchem Polymers is 24ABBCS8824P1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Synchem Polymers is U24299GJ2019PTC107500. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Synchem Polymers was incorporated on 05 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Synchem Polymers by revenue are Saral Fertilizers Private Limited, N D Biotech Private Limited, Perfo Chem (India) Private Limited, all in the Chemicals industry (Industrial Chemicals, Polymers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Bhavin Kantilal Kavar was appointed as Director on 05 Apr 2019. Kevalkumar Vinaykumar Varmora was appointed as Director on 05 Apr 2019. Sagarbhai Jagdishbhai Adroja was appointed as Director on 05 Apr 2019. Synchem Polymers has 4 board changes on record in total.
The registered office of Synchem Polymers is at CO. Shanti Physiotherapy Clinic Savsar Plot 162 Nr. Kk Steel Off Shanala Road, Morbi, Gujarat, India – 363641.
Synchem Polymers operates in the manufacturing industry, in the plastic and resins segment.
Synchem Polymers has open charges of ₹2 Cr and no satisfied charges on record as per latest MCA filings.