MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-WB-10-0015505
Utkal Polyweave Industries Pvt Ltd - manufacturing in Balasore, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹74.32 Cr
▼ 18% YoY
Net loss · FY 2024
₹3.88 Cr
Net margin -5.2%
EBITDA · FY 2024
-₹2.67 Cr
EBITDA margin -3.6%
Authorised capital
₹35 Lakh
Registered with MCA
Paid-up capital
₹30 Lakh
Issued & subscribed
Satisfied charges
₹13 Cr
No open charges
Company age
41 yrs
Est. 1985
Employees · EPFO
416
Provident fund records
About Utkal Polyweave Industries Pvt Ltd
Data last updated:
Utkal Polyweave Industries Pvt Ltd is a private limited company based in Balasore, Odisha, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 30 April 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U25202OR1985PTC001512. Its GSTIN is 21AAACU3799H1Z8 (Odisha). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors including Anil Kumar Damani and Sheo Kishan Damani.
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 26 Ganeswarpur Industrialestate Januganj, Balasore, Odisha, India – 756019.
As per the financials filed for FY 2024, the company reported a revenue of ₹74.32 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹3.88 Cr (net margin -5.2%) and EBITDA of -₹2.67 Cr (EBITDA margin -3.6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
The company has about 416 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹13 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
Utkal Polyweave Industries Pvt Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0015505). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website utkalpolyweave.com.
Company details
CIN U25202OR1985PTC001512
Registration Number 001512
Incorporation Date 30 April 1985
ROC Cuttack
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-WB-10-0015505
Recognitions & Rankings of Utkal Polyweave Industries
Contact details
Utkal Polyweave Industries Pvt Ltd's registered office is in Balasore, Odisha. Its website is utkalpolyweave.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address26 Ganeswarpur Industrialestate Januganj, Balasore, Odisha, India – 756019
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Utkal Polyweave Industries Pvt Ltd, buy the company report.
Comprehensive company report
Utkal Polyweave Industries Pvt Ltd - 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 Utkal Polyweave Industries 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 Utkal Polyweave Industries Pvt Ltd, buy the company report.
Financials of Utkal Polyweave Industries Pvt Ltd
FY 2025 filings availableUtkal Polyweave Industries Pvt Ltd reported revenue of ₹74.32 Cr (down 18% YoY) for FY 2024.
Revenue · FY 2024
₹74.32 Cr ▼ 18%
Net loss · FY 2024
₹3.88 Cr margin -5.2%
EBITDA · FY 2024
-₹2.67 Cr margin -3.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▼ 1%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▼ 151%
3 years · compounded
▼ 31%
5 years · compounded
▼ 23%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 18% fall in the latest year. EBITDA fell 151% 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 |
|---|---|---|---|---|---|
| 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 | -₹2.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.88 Cr | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.6% | ||||
| Net Profit Margin | -5.2% | ||||
| 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 Utkal Polyweave Industries Pvt Ltd, buy the company report.
Board of directors of Utkal Polyweave Industries Pvt Ltd
Utkal Polyweave Industries has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Kumar Damani Also directs: Prashray Infratech LLP, Prashray Creations Private Limited, Taratarini Rubber (India) Private Limited and 4 more | Director | 16 May 2016 | 10 Years 5 Months | Current |
| Sheo Kishan Damani | Director | 16 Jun 1985 | 41 Years 4 Months | Current |
| Amrita Damani | Director | 06 Feb 2026 | 0 Years 8 Months | Current |
Peer comparison
Utkal Polyweave Industries Pvt Ltd is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), 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 |
|---|---|---|---|---|---|---|
| Atlantic Polymers Unit-Ii Private Limited | ₹75.37 Cr (FY 2025) | 67.0% | Mumbai, Maharashtra, India | |||
| Sunrise Industries (India) Limited | ₹75.32 Cr (FY 2025) | -28.0% | Vadodara, Gujarat, India | |||
| Rieke Packaging India Private Limited | ₹75.27 Cr (FY 2024) | 27.0% | New Delhi, Delhi, India | |||
| Utkal Polyweave Industries Pvt Ltdthis company | ₹74.32 Cr (FY 2024) | -₹3.88 Cr | -5.2% | -18.0% | 416 | Balasore, Odisha, India |
| Abhirami Pet Industries Private Limited | ₹73.74 Cr (FY 2025) | 89.0% | Madurai, Tamil Nadu, India | |||
| Vinayak Polytex Private Limited | ₹73.6 Cr (FY 2024) | -13.0% | Patna, Bihar, India | |||
| Sharda Containers Private Limited | ₹72.92 Cr (FY 2025) | 6.0% | Delhi, India |
To see the full peer comparison of Utkal Polyweave Industries Pvt Ltd, buy the company report.
Auditor
Utkal Polyweave Industries Pvt Ltd is audited by AGRAWAL & AGRAWAL for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGRAWAL & AGRAWAL | FY 2022 | 306044E |
Shareholding
The shareholding of Utkal Polyweave Industries Pvt Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Utkal Polyweave Industries Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹13 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Feb 2018 | 100158174 | Others | ₹5 Cr | Satisfied | |
| 24 Jan 2005 | 90080378 | Standard Chartered Bank | ₹8 Cr | Satisfied |
To see the full charge records of Utkal Polyweave Industries Pvt Ltd, buy the company report.
Total charge records: 2 View all charges
Legal cases
Utkal Polyweave Industries Pvt Ltd has 2 court cases on record: 1 filed by Utkal Polyweave Industries, 1 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0407-Indirect Taxes Matters : Entry Taxes) | Filed against the company by The Deputy Commissioner of Sales Tax (Ltu), Balasore Range the Deputy Commissioner of Sales Tax (Ltu), Balasore Range Office at Vivekananda Marg, District. Balasore ,Baleshwar , Orissa and 2 others | Pending |
| High Court | Writ petition | Filed by the company against Deputy Commissioner of Sales Tax, Balasore and 2 others | Disposed |
To see the full case history of Utkal Polyweave Industries Pvt Ltd, 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
Utkal Polyweave Industries Pvt Ltd has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 27 overdue payments to 9 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 (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sudarshan Chemical Industries Limited | |||
| an individual supplier | |||
| Shankar Electrical Store | |||
| Perfect Belts Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Utkal Polyweave Industries Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Utkal Polyweave Industries Pvt Ltd has a workforce of 416 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
416
Active EPFO establishments
1
Employee growth
6.67%
GST
Utkal Polyweave Industries has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACU3799H1Z8 | Odisha | Active | 01 Jul 2017 |
| 19AAACU3799H2ZS | West Bengal | Active | 03 Jan 2018 |
To see the full GST registrations and return filing status of Utkal Polyweave Industries Pvt Ltd, buy the company report.
Recent activity
Utkal Polyweave Industries Pvt Ltd has 5 board changes on record since 1985: 4 appointments and 1 cessation. The latest: Amrita Damani was appointed as Director on 06 Feb 2026.
Appointed
Amrita Damani was appointed as Director.
AGM
Utkal Polyweave Industries Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Utkal Polyweave Industries Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack.
Charges
A charge registered on 24 Jan 2005 via Charge ID 90080378 with Standard Chartered Bank was fully satisfied on 18 Mar 2022.
Charges
A charge registered on 03 Feb 2018 via Charge ID 100158174 with Others was fully satisfied on 29 Dec 2018.
Charges
A charge with Others amounted to Rs. 500.00 Lakh with Charge ID 100158174 was registered on 03 Feb 2018.
Ceased
Anil Kumar Damani ceased to be Additional Director.
Charges
A charge with Standard Chartered Bank of Rs. 800.00 Lakh registered on 24 Jan 2005 with Charge ID 90080378 was modified on 19 Dec 2016.
Appointed
Anil Kumar Damani was appointed as Director.
Charges
A charge with Standard Chartered Bank amounted to Rs. 800.00 Lakh with Charge ID 90080378 was registered on 24 Jan 2005.
Appointed
Ashok Maheshwary was appointed as Director.
Appointed
Sheo Kishan Damani was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Utkal Polyweave Industries is an active private limited company based in Balasore, Odisha, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 30 April 1985 (41+ years old) and is registered under CIN U25202OR1985PTC001512.
Utkal Polyweave Industries has 3 current directors:
- Anil Kumar Damani - Director
- Sheo Kishan Damani - Director
- Amrita Damani - Director
The latest financial statements of Utkal Polyweave Industries 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 Utkal Polyweave Industries is 21AAACU3799H1Z8, registered in Odisha. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 19AAACU3799H2ZS (West Bengal).
The CIN (Corporate Identification Number) of Utkal Polyweave Industries is U25202OR1985PTC001512. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Utkal Polyweave Industries has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Utkal Polyweave Industries was incorporated on 30 April 1985, making it 41+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Utkal Polyweave Industries by revenue are Atlantic Polymers Unit-Ii Private Limited, Sunrise Industries (India) Limited, Rieke Packaging India Private Limited, Abhirami Pet Industries Private Limited, Vinayak Polytex Private Limited and 1 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Amrita Damani was appointed as Director on 06 Feb 2026. Anil Kumar Damani ceased to be Additional Director on 26 Sep 2017. Anil Kumar Damani was appointed as Director on 16 May 2016. Utkal Polyweave Industries has 5 board changes on record in total.
Yes, Utkal Polyweave Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-WB-10-0015505).
Utkal Polyweave Industries has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 27 overdue payments to 9 micro and small suppliers. The latest return was filed on 19 Nov 2019.
Utkal Polyweave Industries can be reached through the website utkalpolyweave.com. Its registered office is in Balasore, Odisha, India.
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