About Vineet Polyfab Private Limited
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Vineet Polyfab Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 September 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2009PTC058182. Its GSTIN is 24AADCV0873A1ZR (Gujarat).
The company has an authorised share capital of ₹4.25 Cr and a paid-up capital of ₹3.92 Cr. It is led by directors Sanjay Kumar Agarwala (Managing Director) and Sarvesh Agarwal (Officer In Default).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at B – 303 International Commerce Centre Nr. Kadiwala School Ring Road, Surat, Gujarat, India – 395002.
As per the financials filed for FY 2024, the company reported a revenue of ₹586.27 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹6.01 Cr (net margin 1%) and EBITDA of ₹16.37 Cr (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 17% over five years.
The company has about 112 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vineet Polyfab. As per MCA filings, the company has open charges of ₹280.42 Cr and satisfied charges of ₹32.2 Cr on record. Court records list 13 cases involving the company, including 11 filed by the company and 2 filed against it; 6 cases are pending. The company has 22 deals on record (15 secondary share transfers, 7 funding rounds), with disclosed funding of ₹9.02 Cr; the latest was in April 2021. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 5 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vineetpolyfab.com.
Company details
Contact details
Vineet Polyfab Private Limited's registered office is in Surat, Gujarat. Its website is vineetpolyfab.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 303 International Commerce Centre Nr. Kadiwala School Ring Road, Surat, Gujarat, India – 395002
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Vineet Polyfab 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
Vineet Polyfab operates one associated brand: Vineet Polyfab. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in contract manufacturing of high-quality textile products. | vineetpolyfab.com |
Financials of Vineet Polyfab Private Limited
FY 2024 filings availableVineet Polyfab Private Limited reported revenue of ₹586.27 Cr (up 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 6% growth in the latest year. EBITDA fell 11% 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 | ₹586.27 Cr | ||||
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| EBITDA | ₹16.37 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹6.01 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vineet Polyfab Private Limited, buy the company report.
Board of directors of Vineet Polyfab Private Limited
Vineet Polyfab has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sarvesh Agarwal | Officer In Default | 16 Nov 2024 | 1 Years 11 Months | Current |
| Sanjay Kumar Agarwala Also directs: Vineet Synthetics Pvt Ltd, Texcope Private Limited, Hilotex Global Private Limited and 2 more | Managing Director | 06 Feb 2012 | 14 Years 8 Months | Current |
Auditor
Vineet Polyfab Private Limited is audited by L P NAHATA AND CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L P NAHATA AND CO. | FY 2024 | 124782W |
Shareholding
The shareholding of Vineet Polyfab Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vineet Polyfab Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2024 | 100890171 | Hdfc Bank Limited | ₹7.57 Cr | Open | |
| 23 Jul 2012 | 10369175 | Others | ₹95 Cr | Open | |
| 23 Jul 2012 | 10369176 | Others | ₹177.85 Cr | Open | |
| 30 Oct 2024 | 100996380 | Hdfc Bank Limited | ₹49.99 Lakh | Satisfied | |
| 19 Jun 2024 | 100940043 | Others | ₹6 Cr | Satisfied |
To see the full charge records of Vineet Polyfab Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Vineet Polyfab Private Limited has 22 deals on record (15 secondary share transfers, 7 funding rounds), with disclosed funding of ₹9.02 Cr; the latest was in April 2021.
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Seller: Sarvesh Polyesters Pvt Ltd , Vineet Texto Twist Pvt Ltd , 2 individuals |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Rohit Silks Pvt Ltd , Pawan Kumar Agarwal-Huf, 2 individuals |
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Rangoli Industries Private Limited , Sahaj Synthetics Private Limited , an individual |
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Sungold Securities Private Limited |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Saphire Conclave Private Limited , Northstar Business Private Limited , Decent Projects Private Limited |
To see the full deal history of Vineet Polyfab Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vineet Polyfab Private Limited has 13 court cases on record: 11 filed by Vineet Polyfab, 2 filed against it. 6 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 4 |
| High courts | 4 | 1 | 0 |
| NCLAT | 3 | 0 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Vinit Knittings Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against M/S Vinit Knittings Private Limited | Pending |
| District court, SURAT, Gujarat | Commercial matter | Filed by the company against Divya Shipping and Clearing Services Pvt Ltd and 2 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Vinit Knittings Private Limited | Disposed |
| District court, South East, Delhi | Commercial suit | Filed against the company by M/S All-Ways Logistics India Pvt. Ltd. | Disposed |
To see the full case history of Vineet Polyfab 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.
Credit ratings & regulatory alerts
Vineet Polyfab Private Limited was last rated by Brickwork on 21 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 21 Jul 2021 |
To see the full credit ratings and regulatory alerts of Vineet Polyfab Private Limited, buy the company report.
MSME payment delays
Vineet Polyfab Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 5 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Vineet Polyfab Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vineet Polyfab Private Limited has a workforce of 112 employees on its EPFO records as of Aug 01, 2025, across 1 active EPFO establishment.
GST
Vineet Polyfab has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCV0873A1ZR | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vineet Polyfab Private Limited, buy the company report.
Recent activity
Vineet Polyfab Private Limited has 9 board changes on record since 2012: 2 appointments and 7 cessations. The latest: Sarvesh Agarwal was appointed as Officer In Default on 16 Nov 2024.
19 earlier events are in the company report.
Frequently asked questions
Vineet Polyfab is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 24 September 2009 (17+ years old) and is registered under CIN U17120GJ2009PTC058182.
Vineet Polyfab has 2 current directors:
- Sanjay Kumar Agarwala - Managing Director
- Sarvesh Agarwal - Officer In Default
The latest financial statements of Vineet Polyfab on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vineet Polyfab is 24AADCV0873A1ZR, registered in Gujarat.
The CIN (Corporate Identification Number) of Vineet Polyfab is U17120GJ2009PTC058182. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vineet Polyfab has 13 court cases on record: 11 filed by the company and 2 filed against it. 6 are pending. Most are in the district courts.
Vineet Polyfab was incorporated on 24 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vineet Polyfab has 22 deals on record (15 secondary share transfers, 7 funding rounds), with disclosed funding of ₹9.02 Cr; the latest was in April 2021.
Sarvesh Agarwal was appointed as Officer In Default on 16 Nov 2024. Aayushi Sarvesh Agarwal ceased to be Whole-Time Director on 01 Oct 2018. Omprakash Bholaram Agrawal ceased to be Director on 26 Jul 2018. Vineet Polyfab has 9 board changes on record in total.
Vineet Polyfab has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 5 overdue payments to 3 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Vineet Polyfab can be reached through the website vineetpolyfab.com. Its registered office is in Surat, Gujarat, India.