Polyflex(India) Private Limited - Due diligence report

A 360° intelligence report on Polyflex(India) Private Limited: trust score, financial health, credit view, compliance, directors, growth and…

1983-11-07 Bangalore, Karnataka Active Unlisted Active Compliant
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Polyflex(India) Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
77/100
Trust Score
Low Risk

Polyflex(India) Private Limited is assessed as Low Risk with a Trust Score of 77/100. Polyflex(India) Private Limited is an active private limited indian non-government company incorporated in 1983, operating in the Consumer Goods sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.

Report generated on 08 Oct 2026 from the latest processed filings. Polyflex(India) Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Weak

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
77/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
43/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 55/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 2 open (5.75 cr) · 22 satisfied (61.84 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Corporation Bank2 48.0 cr
Canara Bank6 48.0 cr
Citibank N.A1 48.0 cr
Others1 48.0 cr
The Hongkong And Shanghai Banking Corporation Limited1 48.0 cr
Karanataka State Financial Corportion5 48.0 cr
Compliance Score: 43/100 Caution Indicated
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • Flagged by authority: BANKS.
  • Litigation present in 1 court forum(s).
  • Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
  • 2 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
VINAY HIRU PANJABI 01234567 Director 01/04/2018 6 yrs Approved
SWARNA NICHANI 01234567 Director 01/04/2018 6 yrs Approved
SREENIDHI ANAND NICHANI 01234567 Director 01/04/2018 6 yrs Approved
ANAND BALRAM NICHANI 01234567 Director 01/04/2018 6 yrs Approved
Premnidhi Nichani 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
1
Capital events
0 allotment(s) · 2 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Garuda Polyflex Foods Private Limited Associate Company 74.00%

Key managerial personnel: ANAND BALRAM NICHANI (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 42+ years.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (43/100).
2 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 30,000.00.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence67/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment62/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 5.75 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view89/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
17 Mar 2025
Director appointed
Premnidhi Nichani (Director)
13 Nov 2024
Charge created
Others - 3.00 cr
20 Sep 2023
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 2.75 cr
18 May 2023
Charge satisfied
Corporation Bank
25 Aug 2021
Director appointed
SREENIDHI ANAND NICHANI (Director)
31 Mar 2019
Share transfer (FY 2019)
532787.00000000 shares to ANAND BALRAM NICHANI
31 Mar 2018
Share transfer (FY 2018)
29600.00000000 shares to Swarna Anand Nichani
23 Feb 2018
Director ceased
NICHANI UDHAVDAS BALRAM
29 Sep 2017
Director ceased
SWARNA NICHANI
30 Aug 2017
Director appointed
SWARNA NICHANI (Director)
12 Dec 2012
Charge created
Corporation Bank - 7.50 cr
28 Feb 2009
Charge satisfied
Corporation Bank
25 Feb 2009
Charge satisfied
Citibank N.A
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Net worth is positive.
5 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Payneo Software Technologies Private Limited U72900KA2020PTC135341 Bangaluru, Karnataka
Littleyou 3D Models Private Limited U74209KA2024PTC186000 Bangaluru, Karnataka
Pioneis Developers Private Limited U72900KA2019PTC120325 Bangaluru, Karnataka
CHAFEE TECHNOLOGIES LLP AAP-0651 Bangalore, Karnataka
Cittahwits Technologies Private Limited U22219KA2021PTC152557 Bangaluru, Karnataka
Staram Analytics Private Limited U69100KA2024PTC184663 Bangaluru, Karnataka
Luna Sweets Bakery And Confectionery Private Limited U15100KA2018PTC118909 Bangaluru, Karnataka
New Hope Surgical Centers Private Limited U85100KA2019PTC128323 Bangaluru, Karnataka
Maroli Refrigeration Private Limited U46900KA2024PTC185424 Bangaluru, Karnataka
Adbc Marketing Services Private Limited U74900KA2011PTC059658 Bangalore, Karnataka
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Polyflex(India) Private Limited before audits and certifications: compliance score 43/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Polyflex(India) Private Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Polyflex(India) Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 77/100, distress signals and MSME payment-delay disclosures - know whether Polyflex(India) Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Polyflex(India) Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Polyflex(India) Private Limited an active company?

Polyflex(India) Private Limited has MCA status “Active” with a compliance score of 43/100 (Caution Indicated).

Is Polyflex(India) Private Limited financially healthy?

Polyflex(India) Private Limited has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Polyflex(India) Private Limited?

Its overall Trust Score is 77/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Polyflex(India) Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 5 active director(s) are on record.

Does Polyflex(India) Private Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 22 earlier charge(s) stand satisfied.

Is Polyflex(India) Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 43/100 (Caution Indicated).

Is it risky to lend to Polyflex(India) Private Limited?

Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.