Tulip Polychem Private Limited

Tulip Polychem Private Limited - trading in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U25110GJ1999PTC036204 Incorporated 30 June 1999 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company trading MSME · Medium
Data last updated
Revenue · FY 2025
₹96.95 Cr
▼ 16% YoY
Net profit · FY 2025
₹43.41 Lakh
Net margin 0.4%
EBITDA · FY 2025
₹3.08 Cr
EBITDA margin 3.2%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹39.51 Lakh
Issued & subscribed
Satisfied charges
₹17.13 Cr
No open charges
Company age
27 yrs
Est. 1999
Directors on board
2
As per MCA filings

About Tulip Polychem Private Limited

Data last updated:

Tulip Polychem Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 30 June 1999 and has been in existence for over 27 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25110GJ1999PTC036204. Its GSTIN is 24AABCT0604R1ZB (Gujarat). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹39.51 Lakh. It is led by directors Vivek Vijayvargiya and Pankhil Jagdishbhai Desai.

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 Office No.1 1st Floor Nirav Complex Nr. Navrang High School Naranpura, Ahmedabad, Gujarat, India – 380014.

As per the financials filed for FY 2025, the company reported a revenue of ₹96.95 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹43.41 Lakh (net margin 0.4%) and EBITDA of ₹3.08 Cr (EBITDA margin 3.2%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 5% over five years.

As per MCA filings, the company has satisfied charges of ₹17.13 Cr on record. Court records list 6 cases involving the company, including 6 filed against it. The company has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹49 Lakh; the latest was in December 2024.

Tulip Polychem Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0273185). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U25110GJ1999PTC036204
Registration Number 036204
Incorporation Date 30 June 1999
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0273185
Key People
Vivek Vijayvargiya Director Pankhil Jagdishbhai Desai Director

Recognitions & Rankings of Tulip Polychem

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0273185

Contact details

Tulip Polychem Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Office No.1 1st Floor Nirav Complex Nr. Navrang High School Naranpura, Ahmedabad, Gujarat, India – 380014
  • Industry
    Trading, Wholesale, Other Wholesale

To see the full contact details of Tulip Polychem Private Limited, buy the company report.

Comprehensive company report
Tulip Polychem Private Limited - one report that includes everything
  • 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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Business activity

The main business activity of Tulip Polychem is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Tulip Polychem Private Limited, buy the company report.

Financials of Tulip Polychem Private Limited

FY 2025 filings available

Tulip Polychem Private Limited reported revenue of ₹96.95 Cr (down 16% YoY) for FY 2025.

Revenue · FY 2025
₹96.95 Cr ▼ 16%
Net profit · FY 2025
₹43.41 Lakh margin 0.4%
EBITDA · FY 2025
₹3.08 Cr margin 3.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 19%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 89%
5 years · compounded
▲ 8%

Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 16% fall in the latest year. EBITDA rose 10% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹3.08 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹43.41 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin3.2%
Net Profit Margin0.4%
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

To see the full financial statements and ratios of Tulip Polychem Private Limited, buy the company report.

Board of directors of Tulip Polychem Private Limited

Tulip Polychem has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vivek Vijayvargiya
Also directs: Srimate Miners Private Limited, Surya Infraventure Private Limited, Asha Overseas India Private Limited
Director15 May 20215 Years 5 MonthsCurrent
Pankhil Jagdishbhai Desai
Also directs: Par Geosynthetics Private Limited
Director26 Aug 20215 Years 2 MonthsCurrent
View all directors

Auditor

Tulip Polychem Private Limited is audited by A.L.Thakkar& Co for the financial year 2023.

Auditor firmFinancial yearFirm registration number
A.L.Thakkar& CoFY 2023120116W

Shareholding

The shareholding of Tulip Polychem 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Tulip Polychem Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹17.13 Cr
Breakdown by lending institutions
Others₹12.13 Cr
Hdfc Bank Limited₹5.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
23 Jan 2018100152086Others₹12 CrSatisfied
27 Sep 2017100126656Others₹13.17 LakhSatisfied
31 Mar 2016100034325Hdfc Bank Limited₹5 CrSatisfied

To see the full charge records of Tulip Polychem Private Limited, buy the company report.

Total charge records: 3 View all charges

Deals & funding

Tulip Polychem Private Limited has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹49 Lakh; the latest was in December 2024.

Total deals
8
Secondary share transfers
5
Funding rounds
2
Rights issue
1
Disclosed funding
₹49 Lakh

Deals on record (5 of 8)

WhenDealAmountParties
Dec 2024Rights issue₹2 CrInvestors: 2 individuals
Aug 2021Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals
May 2021Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals
Mar 2017Secondary share transferUndisclosedBuyer: an individual
Seller: Yash Polychem Private Limited
Feb 2014Funding round₹40 LakhInvestors: Yash Polychem Private Limited

To see the full deal history of Tulip Polychem Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Tulip Polychem Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Tulip Polychem has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
24AABCT0604R1ZBGujaratActive01 Jul 2017
24AABCT0604R2ZAGujaratActive31 Mar 2025
23AABCT0604R1ZDMadhya PradeshActive29 Dec 2021

To see the full GST registrations and return filing status of Tulip Polychem Private Limited, buy the company report.

Recent activity

Tulip Polychem Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Pankhil Jagdishbhai Desai ceased to be Additional Director on 30 Nov 2021.

AGM
Tulip Polychem Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Tulip Polychem Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 27 Sep 2017 via Charge ID 100126656 with Others was fully satisfied on 20 Sep 2022.
Ceased
Pankhil Jagdishbhai Desai ceased to be Additional Director.
Ceased
Vivek Vijayvargiya ceased to be Additional Director.
Ceased
Rajeshree Sachin Parikh ceased to be Director.
Appointed
Pankhil Jagdishbhai Desai was appointed as Director.
Ceased
Sachin Sumant Parikh ceased to be Director.
Appointed
Vivek Vijayvargiya was appointed as Director.
Charges
A charge registered on 23 Jan 2018 via Charge ID 100152086 with Others was fully satisfied on 31 Dec 2020.
Charges
A charge with Others amounted to Rs. 1,200.00 Lakh with Charge ID 100152086 was registered on 23 Jan 2018.
Charges
A charge with Others amounted to Rs. 13.17 Lakh with Charge ID 100126656 was registered on 27 Sep 2017.

4 earlier events are in the company report.

Frequently asked questions

Tulip Polychem is an active private limited company based in Ahmedabad, Gujarat, India. The company works in wholesale, within the trading industry. It was incorporated on 30 June 1999 (27+ years old) and is registered under CIN U25110GJ1999PTC036204.

Tulip Polychem has 2 current directors:

The latest financial statements of Tulip Polychem 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 Tulip Polychem is 24AABCT0604R1ZB, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AABCT0604R2ZA (Gujarat), 23AABCT0604R1ZD (Madhya Pradesh).

The CIN (Corporate Identification Number) of Tulip Polychem is U25110GJ1999PTC036204. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Tulip Polychem has 6 court cases on record: 6 filed against it. Most are in the nclat.

Tulip Polychem was incorporated on 30 June 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Tulip Polychem has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹49 Lakh; the latest was in December 2024.

Pankhil Jagdishbhai Desai ceased to be Additional Director on 30 Nov 2021. Vivek Vijayvargiya ceased to be Additional Director on 30 Nov 2021. Rajeshree Sachin Parikh ceased to be Director on 28 Aug 2021. Tulip Polychem has 7 board changes on record in total.

Yes, Tulip Polychem is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0273185).