About Synpol Products Private Limited
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Synpol Products Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 11 December 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24299GJ1973PTC002440. Its GSTIN is 24AADCS9255P1ZP (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹22.5 Lakh. It is led by directors including Manish Prabhashanker Joshi (Managing Director) and Parag Prabhashanker Joshi (Managing Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 77 Guj Vepari Mahamandaludyogik Vasapet Ltd Odhav, Ahmedabad, Gujarat, India – 382415.
As per the financials filed for FY 2025, the company reported a revenue of ₹56.25 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹15.13 Cr (net margin 26.9%) and EBITDA of ₹18.73 Cr (EBITDA margin 33.3%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 5% over five years.
The company has about 91 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Synpol. As per MCA filings, the company has satisfied charges of ₹6.03 Cr on record. Court records list 22 cases involving the company, including 8 filed by the company and 14 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website synpolproducts.com.
Company details
Contact details
Synpol Products Private Limited's registered office is in Ahmedabad, Gujarat. Its website is synpolproducts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address77 Guj Vepari Mahamandaludyogik Vasapet Ltd Odhav, Ahmedabad, Gujarat, India – 382415
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Synpol Products 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
Brands
Synpol Products operates one associated brand: Synpol. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of synthetic resins and related chemical products in India. | synpolproducts.com |
Business activity
The main business activity of Synpol Products 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 Synpol Products Private Limited, buy the company report.
Financials of Synpol Products Private Limited
FY 2025 filings availableSynpol Products Private Limited reported revenue of ₹56.25 Cr (up 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 40% growth in the latest year. EBITDA rose 368% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹18.73 Cr | ||||
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| Net Profit (PAT) | ₹15.13 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 33.3% | ||||
| Net Profit Margin | 26.9% | ||||
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To see the full financial statements and ratios of Synpol Products Private Limited, buy the company report.
Board of directors of Synpol Products Private Limited
Synpol Products has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Ladharam Joshi Also directs: Bharat Resins Private Limited | Director | 11 Dec 1973 | 52 Years 10 Months | Current |
| Manish Prabhashanker Joshi Also directs: Bluebell Polymers Private Limited | Managing Director | 03 Jul 2007 | 19 Years 4 Months | Current |
| Parag Prabhashanker Joshi Also directs: Bluebell Polymers Private Limited | Managing Director | 03 Jul 2007 | 19 Years 4 Months | Current |
| Sujata Vinod Kothari Also directs: Bluebell Polymers Private Limited | Managing Director | 03 Jul 2007 | 19 Years 4 Months | Current |
| Vinod Jesukhlal Kothari | Director | 30 Jul 2025 | 1 Years 3 Months | Current |
Auditor
Synpol Products Private Limited is audited by VIJAY SHAH & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIJAY SHAH & COMPANY | FY 2023 | 113274W |
Shareholding
The shareholding of Synpol Products 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 Synpol Products Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2000 | 90111526 | State Bank of India | ₹35 Lakh | Satisfied | |
| 23 Dec 1998 | 80027499 | State Bank of India | ₹2.7 Cr | Satisfied | |
| 17 May 1988 | 90111079 | State Bank of India | ₹4.75 Lakh | Satisfied | |
| 15 Dec 1986 | 90111062 | State Bank of India | ₹2.7 Cr | Satisfied | |
| 25 Aug 1983 | 90111920 | Indian Oil Corporation Ltd | ₹4.08 Lakh | Satisfied |
To see the full charge records of Synpol Products Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Synpol Products Private Limited has 22 court cases on record: 8 filed by Synpol Products, 14 filed against it. 1 case is pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 12 | 0 |
| District courts | 3 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Duebond Prodacta Pvt.Ltd and 1 other | Pending |
| Supreme Court | Court case (0428-Indirect Taxes Matters : Others) | Filed against the company by Union of India Through the Secretary Department of Revenue, North Block , District: New Delhi ,New Delhi , Delhi and 3 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 3 others | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Principal Commissioner of Income Tax 4 | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss casess) | Filed against the company by Municipal Corporation K/ East Mumbai | Disposed |
To see the full case history of Synpol Products 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
Synpol Products Private Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 3 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shreenathji Rasayan Pvt.Ltd. | |||
| Tridev Industries Private Limited |
To see the full MSME payment records of Synpol Products Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Synpol Products Private Limited has a workforce of 91 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Synpol Products has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCS9255P1ZP | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Synpol Products Private Limited, buy the company report.
Recent activity
Synpol Products Private Limited has 15 board changes on record since 1973: 10 appointments and 5 cessations. The latest: Vinod Jesukhlal Kothari was appointed as Director on 30 Jul 2025.
22 earlier events are in the company report.
Frequently asked questions
Synpol Products is an active private limited company based in Ahmedabad, Gujarat, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 11 December 1973 (53+ years old) and is registered under CIN U24299GJ1973PTC002440.
Synpol Products has 5 current directors:
- Manish Prabhashanker Joshi - Managing Director
- Parag Prabhashanker Joshi - Managing Director
- Sujata Vinod Kothari - Managing Director
- Vinay Ladharam Joshi - Director
- Vinod Jesukhlal Kothari - Director
The latest financial statements of Synpol Products on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Synpol Products is 24AADCS9255P1ZP, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Synpol Products is U24299GJ1973PTC002440. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Synpol Products has 22 court cases on record: 8 filed by the company and 14 filed against it. 1 is pending. Most are in the high courts.
Synpol Products was incorporated on 11 December 1973, making it 53+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vinod Jesukhlal Kothari was appointed as Director on 30 Jul 2025. Jesal Kirit Kothary ceased to be Director on 21 Mar 2024. Hira Prabhashanker Joshi ceased to be Director on 30 Nov 2018. Synpol Products has 15 board changes on record in total.
Synpol Products has 3 MSME Form 1 returns on record between 2019 and 2020, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 16 Oct 2020.
Synpol Products can be reached through the website synpolproducts.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Synpol Products is at 77 Guj Vepari Mahamandaludyogik Vasapet Ltd Odhav, Ahmedabad, Gujarat, India – 382415.
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