Usha Polytex Limited
About Usha Polytex Limited
Data last updated:
Usha Polytex Limited is a public limited company based in Kanpur, Uttar Pradesh, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 29 January 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U46109UP1987PLC008512.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.77 Cr. It is led by directors including Krishan Somani Kumar and Nimish Somani Kumar.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 63/2 The Mall 4th Floor City Centre, Kanpur, Uttar Pradesh, India – 208001.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.69 Lakh, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹11.08 Lakh (net margin 66.4%) and EBITDA of ₹15.29 Lakh (EBITDA margin 91.6%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 5% over five years.
Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address63/2 The Mall 4th Floor City Centre, Kanpur, Uttar Pradesh, India – 208001
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Business Activity of Usha Polytex Limited
The main business activity of Usha Polytex is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Usha Polytex Limited FY 2024 filings available
Usha Polytex Limited reported revenue of ₹16.69 Lakh (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Usha Polytex Limited
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 5% growth in the latest year. EBITDA rose 2% 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 of Usha Polytex Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹15.29 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.08 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 of Usha Polytex Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 91.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 66.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Usha Polytex are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Usha Polytex Limited
Usha Polytex Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Algates Financial Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Healthquad Advisors Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Optima Money Managers Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Quick Elctronics and Engineering Company Limited | •••• | •••• | •••• | •••• | - | Kanpur, Uttar Pradesh, India |
| MM Fiscal Services Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Usha Polytex Limited this company | •••• | •••• | •••• | •••• | - | Kanpur, Uttar Pradesh, India |
| Kamal Leasing Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Advay Estates Private Limited | •••• | •••• | •••• | •••• | - | Sadar Bazar, Delhi, India |
| Ohio Capital Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Plunge Capital Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Sri Viral Chit Funds Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Usha Polytex by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Usha Polytex Limited
Usha Polytex Limited is audited by PRASAD GUPTA J & COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRASAD GUPTA J & COMPANY | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Usha Polytex Limited
Usha Polytex has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishan Somani Kumar Also directs: Century Polytex Limited, Girish Rolled Products and Alloys Limited, Hari Krishan Properties Limited and 5 more | Director | 13 May 2025 | 1 Years 4 Months | Current |
| Nimish Somani Kumar Also directs: Hari Krishan Properties Limited, R H L Profiles Limited, Hari Krishan Coated Sheets Limited and 4 more | Director | 23 Jan 2023 | 3 Years 8 Months | Current |
| Usha Somani Also directs: Century Polytex Limited, Girish Rolled Products and Alloys Limited, Narain Properties Limited and 1 more | Director | 10 Jun 1989 | 37 Years 3 Months | Current |
Ownership and Shareholding of Usha Polytex Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Usha Polytex Limited
Usha Polytex Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Usha Polytex Limited
Usha Polytex Limited has 7 court cases on record: 6 filed by Usha Polytex, 1 filed against it. 1 case is pending and 6 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Writ petition | Filed by the company against Appellate Authority Under Section 45 Ia (6) of the Reserve Bank of India | Pending |
| Allahabad High Court | Court case (WTAX) | Filed by the company against Chief Commissioner of Income Tax Kanpur | Disposed |
| Allahabad High Court | Court case (WTAX) | Filed by the company against Income Tax Officer | Disposed |
| Allahabad High Court | Court case (IAPL) | Filed against the company by Commissioner Income Tax | Disposed |
| Allahabad High Court | Court case (WTAX) | Filed by the company against Chief Commissioners of Income Tax Kanpur | Disposed |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Usha Polytex Limited
Employment history and EPFO contributions of people linked to Usha Polytex.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Usha Polytex Limited
Usha Polytex has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U46109UP1987PLC008512, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U46109UP1987PLC008512 | Current |
| U17115UP1987PLC008512 | Previous |
| L17115UP1987PLC008512 | Previous |
Recent Activity on Usha Polytex Limited
Usha Polytex Limited has 14 board changes on record since 1989: 3 appointments and 11 cessations. The latest: Krishan Somani Kumar ceased to be Additional Director on 28 Sep 2025.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Usha Polytex Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Usha Polytex Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Usha Polytex Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Usha Polytex Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Usha Polytex Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Usha Polytex Limited
Usha Polytex is an active public limited company based in Kanpur, Uttar Pradesh, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 29 January 1987 (39+ years old) and is registered under CIN U46109UP1987PLC008512.
Usha Polytex reported revenue of ₹16.69 Lakh for FY 2025 (up 5% YoY).
Usha Polytex has 3 current directors:
- Krishan Somani Kumar - Director
- Nimish Somani Kumar - Director
- Usha Somani - Director
Usha Polytex reported a net profit of ₹11.08 Lakh (net margin 66.4%) and EBITDA of ₹15.29 Lakh (EBITDA margin 91.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Usha Polytex is 15% over three years and 5% over five years. In the latest year (FY 2025) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Usha Polytex is U46109UP1987PLC008512. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Usha Polytex has 7 court cases on record: 6 filed by the company and 1 filed against it. 1 is pending.
Usha Polytex was incorporated on 29 January 1987, making it 39+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Usha Polytex by revenue are Algates Financial Private Limited, Healthquad Advisors Private Limited, Optima Money Managers Private Limited, Quick Elctronics and Engineering Company Limited, MM Fiscal Services Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Krishan Somani Kumar ceased to be Additional Director on 28 Sep 2025. Krishan Somani Kumar was appointed as Director on 13 May 2025. Nimish Somani Kumar ceased to be Additional Director on 25 Sep 2023. Usha Polytex has 14 board changes on record in total.
The registered office of Usha Polytex is at 632 The Mall 4th Floor City Centre, Kanpur, Uttar Pradesh, India – 208001.