Vectus Polymers Private Limited
About Vectus Polymers Private Limited
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Vectus Polymers Private Limited is a private limited company based in Gwalior, Madhya Pradesh, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 12 December 2023.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U22208MP2023PTC068954. Its GSTIN is 23AAJCV8271G1Z3 (Madhya Pradesh). The company holds 13 GST registrations, all of them active.
The company has an authorised share capital of ₹11.58 Cr and a paid-up capital of ₹10.58 Cr. It is led by directors including Atul Ladha (Managing Director) and Ashish Baheti (Managing Director).
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 Gwalior, Madhya Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹297.21 Cr. For the same year it recorded a net loss of ₹4.68 Cr (net margin -1.6%) and EBITDA of ₹21.86 Cr (EBITDA margin 7.4%).
The company has about 358 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹122.2 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 6 cases are pending.
Company details
Contact details
Vectus Polymers Private Limited's registered office is in Gwalior, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address262 Jiwaji Nagar, Thatipur, Gwalior, Madhya Pradesh, India – 474011
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Vectus 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
Financials of Vectus Polymers Private Limited
FY 2025 filings availableVectus Polymers Private Limited reported revenue of ₹297.21 Cr for FY 2025.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹297.21 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹21.86 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹4.68 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 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 7.4% | |
| Net Profit Margin | -1.6% | |
| 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 Vectus Polymers Private Limited, buy the company report.
Board of directors of Vectus Polymers Private Limited
Vectus Polymers has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahipal Singh | Director | 24 Sep 2025 | 1 Years 0 Months | Current |
| Atul Ladha Also directs: Shivangi Polymers LLP, Sunrise Tanks Private Limited, Gangotri Polymers Private Limited and 2 more | Managing Director | 12 Dec 2023 | 2 Years 10 Months | Current |
| Ashish Baheti Also directs: Sunrise Tanks Private Limited, Gangotri Polymers Private Limited, Pure Ganga Water Systems LLP and 1 more | Managing Director | 12 Dec 2023 | 2 Years 10 Months | Current |
| Divian Baheti Also directs: Pure Ganga Water Systems LLP | Whole-Time Director | 10 Apr 2024 | 2 Years 6 Months | Current |
Auditor
Vectus Polymers Private Limited is audited by A.K. AGRAWAL & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.K. AGRAWAL & ASSOCIATES | FY 2024 | 08009C |
Shareholding
The shareholding of Vectus Polymers Private Limited is on record for FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Vectus Polymers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2024 | 100964111 | The Hongkong and Shanghai Banking Corporation Limited | ₹25 Cr | Open | |
| 15 Jun 2024 | 100933119 | Yes Bank Limited | ₹41.17 Cr | Open | |
| 29 May 2024 | 100933353 | The Hongkong and Shanghai Banking Corporation Limited | ₹56.03 Cr | Open |
To see the full charge records of Vectus Polymers Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Vectus Polymers Private Limited has 6 court cases on record: 6 filed by Vectus Polymers. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 6 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Commercial suit | Filed by the company against Indiamart Intermesh Ltd and 1 other | Pending |
| District court, Shahdara, Delhi | Commercial suit | Filed by the company against Vectus Wires and Cables Private Limited | Pending |
| District court, West, Delhi | Commercial suit | Filed by the company against Indiamart Intermesh Ltd and 1 other | Pending |
| District court, Central, Delhi | Commercial suit | Filed by the company against an individual | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against an individual | Pending |
To see the full case history of Vectus Polymers 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
No delayed payments to MSME suppliers are on our record for Vectus Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vectus Polymers has 13 GST registrations: 13 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAJCV8271G1Z3 | Madhya Pradesh | Active | 19 Feb 2024 |
| 01AAJCV8271G1Z9 | Jammu and Kashmir | Active | 01 Mar 2024 |
| 05AAJCV8271G1Z1 | Uttarakhand | Active | 01 Mar 2024 |
| 09AAJCV8271G1ZT | Uttar Pradesh | Active | 01 Mar 2024 |
To see the full GST registrations and return filing status of Vectus Polymers Private Limited, buy the company report.
Recent activity
Vectus Polymers Private Limited has 8 board changes on record since 2023: 4 appointments and 4 cessations. The latest: Ashish Baheti ceased to be Director on 06 Jan 2026.
5 earlier events are in the company report.
Frequently asked questions
Vectus Polymers is an active private limited company based in Gwalior, Madhya Pradesh, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 12 December 2023 (3+ years old) and is registered under CIN U22208MP2023PTC068954.
Vectus Polymers has 4 current directors:
- Atul Ladha - Managing Director
- Ashish Baheti - Managing Director
- Divian Baheti - Whole-Time Director
- Mahipal Singh - Director
The latest financial statements of Vectus Polymers 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 FY 2024 are in the company report.
The GSTIN of Vectus Polymers is 23AAJCV8271G1Z3, registered in Madhya Pradesh. The company has 13 GST registrations in all, of which 13 are active. Other active GSTINs include 01AAJCV8271G1Z9 (Jammu and Kashmir), 05AAJCV8271G1Z1 (Uttarakhand), 09AAJCV8271G1ZT (Uttar Pradesh).
The CIN (Corporate Identification Number) of Vectus Polymers is U22208MP2023PTC068954. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vectus Polymers has 6 court cases on record: 6 filed by the company. 6 are pending.
Vectus Polymers was incorporated on 12 December 2023, making it 3+ years old. It is registered with the Registrar of Companies, Gwalior.
Ashish Baheti ceased to be Director on 06 Jan 2026. Atul Ladha ceased to be Director on 06 Jan 2026. Mahipal Singh ceased to be Additional Director on 29 Sep 2025. Vectus Polymers has 8 board changes on record in total.
The registered office of Vectus Polymers is at 262 Jiwaji Nagar, Thatipur, Gwalior, Madhya Pradesh, India – 474011.
Vectus Polymers operates in the manufacturing industry, in the plastic-based products segment.