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Polygel Industries
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POLYGEL INDUSTRIES PRIVATE LIMITED

www.polygelindia.com

All Companies ›

Maharashtra ›

Active

Updated: 07 Jul 2025

The company is a manufacture specialty chemicals. It offers adhesives, sealants, external paints, enamels, printing inks etc.

Polygel Industries Private Limited, is an unlisted private company incorporated on 04 August, 1994. It is classified as a private limited company and is located in , . It's authorized share capital is INR 55.00 cr and the total paid-up capital is INR 20.57 cr.

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Industry and products

Unknown

Lubricant Chemical, Multipurpose Adhesives, Construction Chemical, Furniture Adhesive, Synthetic Resin Adhesive, Building Construction Services, Paints Texture

Company size

Auth Capital

₹ 55.0 Cr

Paidup Capital

₹ 20.6 Cr

Revenue

₹ 25-50 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

-48.5%

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EBITDA

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Net Profit

-93.65%

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Networth

-13.53%

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Borrowings

20.74%

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Assets

-13.1%

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Gross Margin

15.36

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Operating Margin

33.9

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Net Profit Margin

-29.6

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Return on Equity

-26.45

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ROCE

18.66

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Debt to Equity

0.07

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Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (6)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Luv Nandkishore Shah Shareholder	00616738	29 years
Director	Rahul Vijay Raichand	02350102	7 years
Director	Nand Kishore Shah	00463849	12 years
Director	Anil Sayaji Phatangare	00609866	1 years
Company Secretary	Krishna Kumar Kushwaha	<HIDDEN>	2 years
Director	Chetan Navin Shah Shareholder	00309186	2 years
Director	Ranjit Singh	00393058	2 years

Financial Highlights

Financials upto March 2024 available in Tofler Pro

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Net margin

Balance Sheet

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Consolidated

₹

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	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	22.7	22.7	22.7	22.9	20.6
Reserves	53.1	80.9	12.0	33.7	23.8
Borrowings +	57.6	29.9	5.3	11.4	13.8
Long term borrowings	32.2	29.9	5.3	11.4	13.8
Short term borrowings	25.5	-	-	-	-
Trade payables +	20.7	16.6	5.5	1.6	2.6
Days payable	97.0	126.0	134.0	25.0	47.0
Other liabilities +	36.1	63.7	16.7	13.4	7.6
Other non-current liabilities	-	2.4	2.7	2.2	2.2
Other current liabilities	15.4	44.7	8.5	9.6	2.8
Total liabilities	169.6	197.2	56.8	81.3	65.7
Fixed Assets +	92.3	131.3	4.1	3.2	2.8
Tangible assets	60.0	57.1	1.7	1.0	0.9
CWIP	19.9	62.3	-	2.1	1.9
Intangible assets	12.5	12.0	2.4	-	-
LT loans and advances	0.8	0.7	0.5	0.5	0.7
Other non-current assets	26.3	20.0	29.2	24.5	21.2
Current assets +	50.1	45.2	23.0	53.1	41.1
Inventories	10.2	12.7	2.9	1.2	5.1
Trade receivables	15.9	15.3	5.0	3.6	0.4
Cash and cash equivalents	0.8	0.8	0.2	32.6	0.6
ST loans and advances	23.2	16.4	15.0	15.7	35.0
Other current assets	-	-	-	-	-
Total assets	169.6	197.2	56.8	81.3	65.7

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	13.41	11.53	40.02	28.11	31.29
Reserves	31.34	41.01	21.14	41.41	36.15
Borrowings +	33.99	15.15	9.38	14.03	20.94
Long term borrowings	18.96	15.15	9.38	14.03	20.94
Short term borrowings	15.03	0.0	0.0	0.0	0.0
Trade payables	12.21	8.39	9.73	1.94	4.01
Other liabilities +	21.27	32.31	29.46	16.46	11.62
Other non-current liabilities	0.0	1.23	4.72	2.66	3.29
Other current liabilities	9.06	22.68	15.01	11.86	4.32
Total liabilities
Fixed Assets +	54.43	66.55	7.23	3.88	4.28
Tangible assets	35.37	28.93	3.04	1.24	1.38
CWIP	11.72	31.56	0.0	2.63	2.9
Intangible assets	7.34	6.06	4.19	0.01	0.01
LT loans and advances	0.48	0.37	0.89	0.67	1.03
Other non-current assets	15.53	10.16	51.32	30.17	32.2
Current assets +	29.56	22.92	40.55	65.28	62.49
Inventories	6.02	6.42	5.12	1.48	7.7
Trade receivables	9.37	7.74	8.78	4.41	0.64
Cash and cash equivalents	0.48	0.43	0.26	40.08	0.89
ST loans and advances	13.69	8.33	26.39	19.31	53.27
Other current assets	0.0	0.0	0.0	0.0	0.0
Total assets

Total assets

Charges on assets

Bank wise

Charges

UCO Bank

No. of Loans: 1

Total Amount : 20.0 cr

CAMLIN FINE SCIENCES LIMITED

No. of Loans: 1

Total Amount : 10.0 cr

ICICI Bank Limited

No. of Loans: 2

Total Amount : 0.8 cr

Charge Holder	Amount	Date of creation/modification
UCO Bank	20.0 cr	24 Jan, 2025
CAMLIN FINE SCIENCES LIMITED	10.0 cr	04 Nov, 2024
ICICI Bank Limited	0.3 cr	16 Jun, 2022
ICICI Bank Limited	0.6 cr	22 Feb, 2022

Charges

UCO Bank

CAMLIN FINE SCIENCES LIMITED

ICICI Bank Limited

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
SEVENTY EIGHT BHK PRIVATE LIMITED	Amalgamated	10.0 L	1	Maharashtra
SILGATE TECHNOLOGIES PRIVATE LIMITED	Active	4.1 Cr	1	Maharashtra
DEVKRISH ENTERPRISE PRIVATE LIMITED	Converted to LLP and Dissolved	1.0 L	1	Maharashtra
DEVKRISH INFRASTRUCTURE PRIVATE LIMITED	Converted to LLP and Dissolved	1.0 L	1	Maharashtra
STONESTEEL PREFAB INFRA PRIVATE LIMITED	Active	7.0 Cr	1	Maharashtra
SKY HIGH AIRPORT SERVICES PRIVATE LIMITED	Active	13.7 L	1	Karnataka
BRRING 2.0 PERISHABLE DISTRIBUTION SOLUTIONS PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
DEVKRISH INFRASTRUCTURE LLP	Active	5.3 L	1	Maharashtra
DEVKRISH SIX INFRA LLP	Active	10.0 L	1	Maharashtra
DEVKRISH LAND PROJECT LLP	Active	4.0 L	1	Maharashtra
DEVKRISH RESIDENTIAL DEVELOPERS LLP	Active	4.0 L	1	Maharashtra
SKILLED VAGABONDS LLP	Active	1.2 L	1	Maharashtra
FEEP TECH SOLUTIONS LLP	Active	10.0 L	1	Maharashtra
PHARMASCENT REMEDIES LLP	Active	5.0 L	1	Uttarakhand
IP AVENUE FACILITY MANAGEMENT LLP	Active	1.0 L	1	Maharashtra
BRRING INTEGRATED LOGISTICS PRIVATE LIMITED	Active	3.7 Cr	1	Maharashtra
POLYGEL INDUSTRIES PRIVATE LIMITED	Active	20.6 Cr	5	Maharashtra
RANVIJAY AGRO CHEMICALS PRIVATE LIMITED	Strike Off	1.0 L	1	Maharashtra
KHUKRI ENTERPRISES PRIVATE LIMITED	Active	10.0 L	2	Maharashtra
PRO-BUILD INDIA MARKETING PRIVATE LIMITED	Under Process of Striking Off	24.5 L	2	Maharashtra
KHUKRI PLASTICS PRIVATE LIMITED	Active	1.0 L	2	Maharashtra
PEGASUS CONSTCHEM PRIVATE LIMITED	Active	1.9 Cr	2	Maharashtra
ZXPRC (INDIA) PRIVATE LIMITED	Active	16.9 L	2	Maharashtra
POLYGEL PERFORMANCE MATERIAL PRIVATE LIMITED	Active	1.1 Cr	2	Maharashtra
WESTERN INDIA PACKAGINGS PRIVATE LIMITED	Active	37.7 L	1	Maharashtra
ENAR VENTURES PRIVATE LIMITED	Strike Off	1.0 L	1	Maharashtra
UNITED PETRO COMMODITIES (INDIA) PRIVATE LIMITED	Strike Off	1.0 L	1	Maharashtra
PROBITY SPORTS INDIA PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
PROBITY TECHNOLOGY FOR INTEGRITY IN SPORTS PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
ARMADA SPORTS LLP	Active	50,000.0	1	Maharashtra
BOMBAY GYMKHANA LIMITED	Active	0.0	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
PRO-BUILD INDIA MARKETING PRIVATE LIMITED	Maharashtra	2011	₹ 24.5 L

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CIN

U58200MH1994PTC080074

PAN

AAACK4105F

Incorporation

1994, 30.9 years

Company Email

accounts.pil@polygelbrunei.com

Paid up Capital

₹ 20.6 Cr

Authorised Capital

₹ 55.0 Cr

AGM

Sep 2024

Type

Private

Others

FAQ - POLYGEL INDUSTRIES PRIVATE LIMITED

What is the incorporation date of POLYGEL INDUSTRIES PRIVATE LIMITED?

The incorporation date of POLYGEL INDUSTRIES PRIVATE LIMITED is 04 August, 1994

What is the authorized share capital of POLYGEL INDUSTRIES PRIVATE LIMITED?

The authorized share capital of POLYGEL INDUSTRIES PRIVATE LIMITED is INR ₹ 55.0 Cr.

What is the paid-up capital of POLYGEL INDUSTRIES PRIVATE LIMITED?

The paid-up capital of POLYGEL INDUSTRIES PRIVATE LIMITED is INR ₹ 20.6 Cr.

What is the registered address of POLYGEL INDUSTRIES PRIVATE LIMITED?

The registered address of POLYGEL INDUSTRIES PRIVATE LIMITED is Office No. 2204, G-Square Business Park, plot No. 25 & 26, Sector 30, Vashi, Navi Mumbai, Thane, Thane, Thane, Maharashtra, India, 400705 - 400705

What is the CIN number of POLYGEL INDUSTRIES PRIVATE LIMITED?

The CIN number of POLYGEL INDUSTRIES PRIVATE LIMITED is U58200MH1994PTC080074.

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