About Vishakha Polyfab Private Limited
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Vishakha Polyfab Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 29 December 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17110GJ1993PTC020968. Its GSTIN is 24AAACV6439R1ZP (Gujarat). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.51 Cr. It is led by directors including Biswajit Ghosh (Whole-Time Director) and Jigishkumar Nagindas Doshi.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹492.63 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹37.66 Cr (net margin 7.6%) and EBITDA of ₹52.95 Cr (EBITDA margin 10.7%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years.
The company has about 585 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vishakha Polyfab. As per MCA filings, the company has open charges of ₹376.53 Cr and satisfied charges of ₹132.87 Cr on record. Court records list 17 cases involving the company, including 8 filed by the company and 9 filed against it; 2 cases are pending. The company has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹17.98 Cr; the latest was in July 2024. Its 4 peer companies in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 2 smaller; the largest is Xpro India Limited with revenue of ₹554.19 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 1,097 overdue payments to 103 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 vishakhapolyfab.com.
Company details
Contact details
Vishakha Polyfab Private Limited's registered office is in Ahmedabad, Gujarat. Its website is vishakhapolyfab.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVishakha House Ashirwad Paras Corporate House No. 2, Opp. Krushna Bungalow Nr. Auda Garden Prahladnagar, Ahmedabad, Gujarat, India – 380015
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Vishakha 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
Vishakha Polyfab operates one associated brand: Vishakha Polyfab. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| High-barrier flexible packaging films are manufactured for diverse applications. | vishakhapolyfab.com |
Business activity
The main business activity of Vishakha Polyfab 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 Vishakha Polyfab Private Limited, buy the company report.
Financials of Vishakha Polyfab Private Limited
FY 2025 filings availableVishakha Polyfab Private Limited reported revenue of ₹492.63 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over three years, including 11% growth in the latest year. EBITDA rose 18% 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 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 | ₹492.63 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹52.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹37.66 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 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.7% | ||||
| Net Profit Margin | 7.6% | ||||
| 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 Vishakha Polyfab Private Limited, buy the company report.
Board of directors of Vishakha Polyfab Private Limited
Vishakha Polyfab has 5 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jigishkumar Nagindas Doshi | Director | 10 Dec 1999 | 26 Years 10 Months | Current |
| Biswajit Ghosh | Whole-Time Director | 13 Oct 2020 | 6 Years 0 Months | Current |
| Niranjan Jain Also directs: Omkar Chemical Industries Private Limited | Director | 21 Aug 2018 | 8 Years 2 Months | Current |
| Ankit Umeshbhai Doshi Also directs: Vishakha Petrochemicals Private Limited, Vishakha Industries Private Limited, Labdhi International Private Limited and 5 more | Director | 29 Jan 2024 | 2 Years 9 Months | Current |
| Rajneesh Bansal | Director | 02 Feb 2017 | 9 Years 8 Months | Current |
Peer comparison
Vishakha Polyfab Private Limited is compared with the 4 companies closest to it by revenue in the Packaging industry (Films and Foils), 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 |
|---|---|---|---|---|---|---|
| Xpro India Limited | ₹554.19 Cr (FY 2025) | 16.0% | West Bengal, India | |||
| Surya Global Flexifilms Private Limited | ₹499.26 Cr (FY 2025) | 47.0% | Delhi, India | |||
| Vishakha Polyfab Private Limitedthis company | ₹492.63 Cr (FY 2025) | ₹37.66 Cr | 7.6% | 11.0% | 585 | Ahmedabad, Gujarat, India |
| Aakash Polyfilms Limited | ₹421.67 Cr (FY 2025) | 14.0% | Surat, Gujarat, India | |||
| Jhaveri Flexo India Private Limited | ₹409.15 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Vishakha Polyfab Private Limited, buy the company report.
Auditor
Vishakha Polyfab Private Limited is audited by Adwani Peshavaria & Co. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Adwani Peshavaria & Co. | FY 2025 | 137123W |
Shareholding
The shareholding of Vishakha 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 Vishakha Polyfab Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Dec 2025 | 101212966 | Others | ₹110 Cr | Open | |
| 11 Mar 2025 | 101082672 | Hdfc Bank Limited | ₹12.14 Lakh | Open | |
| 15 Feb 2024 | 100877186 | Hdfc Bank Limited | ₹58.49 Lakh | Open | |
| 06 Feb 2024 | 100863024 | Sbicap Trustee Company Limited | ₹115.5 Cr | Open | |
| 06 Feb 2024 | 100875118 | Sbicap Trustee Company Limited | ₹6.8 Cr | Open |
To see the full charge records of Vishakha Polyfab Private Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Vishakha Polyfab Private Limited has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹17.98 Cr; the latest was in July 2024.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Jigish Doshi & Jigish Plastics Private Limited, Jigish Doshi & Vishakha Industries Private Limited, Jigish Doshi & Labdhi International Private Limited |
| May 2016 | Funding round | ₹5 Cr | Investors: Awl Agri Business Limited , an individual |
| Dec 2013 | Funding round | ₹7 Cr | Investors: Awl Agri Business Limited , 3 individuals |
| Jul 2010 | Funding round | ₹4 Cr | Investors: Awl Agri Business Limited , 3 individuals |
| Sep 2009 | Funding round | ₹1.98 Cr | Investors: Awl Agri Business Limited , 3 individuals |
To see the full deal history of Vishakha 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
Vishakha Polyfab Private Limited has 17 court cases on record: 8 filed by Vishakha Polyfab, 9 filed against it. 2 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 9 | 2 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against , Ahmedabad and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Ms.Crayon Oils Pvt.Ltd. and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Sirohi, Rajasthan | Criminal case | Filed against the company by State | Disposed |
| District court, Ahmedabad, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
To see the full case history of Vishakha 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.
MSME payment delays
Vishakha Polyfab Private Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 1,097 overdue payments to 103 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 103)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Kaba Express Private Limited | |||
| an individual supplier | |||
| Etone India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Vishakha Polyfab Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vishakha Polyfab Private Limited has a workforce of 585 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
GST
Vishakha Polyfab has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACV6439R1ZP | Gujarat | Active | 01 Jul 2017 |
| 24AAACV6439R2ZO | Gujarat | Active | 01 Apr 2025 |
| 24AAACV6439R3ZN | Gujarat | Active | 20 May 2025 |
| 19AAACV6439R1ZG | West Bengal | Active | 23 Aug 2018 |
To see the full GST registrations and return filing status of Vishakha Polyfab Private Limited, buy the company report.
Recent activity
Vishakha Polyfab Private Limited has 16 board changes on record since 1999: 5 appointments and 11 cessations. The latest: Ankit Umeshbhai Doshi ceased to be Additional Director on 29 Sep 2024.
48 earlier events are in the company report.
Frequently asked questions
Vishakha Polyfab is an active private limited company based in Ahmedabad, Gujarat, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 29 December 1993 (33+ years old) and is registered under CIN U17110GJ1993PTC020968.
Vishakha Polyfab has 5 current directors:
- Biswajit Ghosh - Whole-Time Director
- Jigishkumar Nagindas Doshi - Director
- Niranjan Jain - Director
- Ankit Umeshbhai Doshi - Director
- Rajneesh Bansal - Director
The latest financial statements of Vishakha Polyfab 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 Vishakha Polyfab is 24AAACV6439R1ZP, registered in Gujarat. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 24AAACV6439R2ZO (Gujarat), 24AAACV6439R3ZN (Gujarat), 19AAACV6439R1ZG (West Bengal).
The CIN (Corporate Identification Number) of Vishakha Polyfab is U17110GJ1993PTC020968. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vishakha Polyfab has 17 court cases on record: 8 filed by the company and 9 filed against it. 2 are pending. Most are in the district courts.
Vishakha Polyfab was incorporated on 29 December 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vishakha Polyfab has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹17.98 Cr; the latest was in July 2024.
The peers of Vishakha Polyfab by revenue are Xpro India Limited, Surya Global Flexifilms Private Limited, Aakash Polyfilms Limited, Jhaveri Flexo India Private Limited, all in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Ankit Umeshbhai Doshi ceased to be Additional Director on 29 Sep 2024. Ankit Umeshbhai Doshi was appointed as Director on 29 Jan 2024. Akshat Jigishbhai Doshi ceased to be Additional Director on 21 Dec 2020. Vishakha Polyfab has 16 board changes on record in total.
Vishakha Polyfab has 9 MSME Form 1 returns on record between 2019 and 2024, listing 1,097 overdue payments to 103 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Vishakha Polyfab can be reached through the website vishakhapolyfab.com. Its registered office is in Ahmedabad, Gujarat, India.
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