Promoter holding
64.27%
PI
Polytex India Ltd - Due diligence report
A 360° intelligence report on Polytex India Ltd: trust score, financial health, credit view, compliance, directors, growth and distress sign…
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Polytex India Ltd — 360° Intelligence Report
Generated from MCA filings & public records64/100
Trust Score
Moderate
Polytex India Ltd is assessed as Moderate with a Trust Score of 64/100. Polytex India Ltd is an active public limited indian non-government company incorporated in 1987, operating in the Financial Services sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.
Report generated on 14 Jul 2026 from the latest processed filings. Polytex India Ltd snapshot & full profile →
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 & explainableTrust ScoreModerate
64/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
46/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
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 ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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.
Get full accessScores 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.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 38%).
Charges position: 0 open (-) · 0 satisfied (-).
Compliance Score: 46/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: FIU, BSE, SEBI.
- Litigation present in 2 court forum(s).
- 1 auditor resignation(s) filed - latest: Apraj & Associates on 2019-10-21.
Legal cases on record (2)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ARVIND MULJI KARIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPA JAYRAMDAS LAKHAWANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HEENA GURMUKHDAS KUKREJA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAPIL PUROHIT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARVIND MULJI KARIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JEGNA ARVIND KARIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Anju Surajsingh Chauhan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Anandkumar Labhshankar Trivedi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 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 2024)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2024 annual returnPublic / 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
-
Capital events
2 allotment(s) · 0 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
Key managerial personnel: ARVIND MULJI KARIYA (CFO) · ARVIND MULJI KARIYA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 65
Growth signals & trust indicators
Operating for 39+ years.
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 1.42 in a year.
Compliance score is weak (46/100).
1 auditor resignation(s) on record - review the stated reasons.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence57/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment51/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view50/100
Mixed indicators
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events14 Nov 2025
Director appointed
Anandkumar Labhshankar Trivedi (Additional Director)
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
03 Aug 2024
Director appointed
Anju Surajsingh Chauhan (Company Secretary)
30 Sep 2022
Director ceased
DEEPA JAYRAMDAS LAKHAWANI
Director ceased
HEENA GURMUKHDAS KUKREJA
Director ceased
KAPIL PUROHIT
Director ceased
JEGNA ARVIND KARIYA
13 Aug 2022
Director appointed
DEEPA JAYRAMDAS LAKHAWANI (Director)
Director appointed
HEENA GURMUKHDAS KUKREJA (Director)
Director appointed
KAPIL PUROHIT (Director)
Director appointed
JEGNA ARVIND KARIYA (Director)
Director ceased
SACHCHIDANAND RAJARAM ADAM
30 May 2022
Director ceased
PARESH MULJI KARIYA
04 May 2022
Director ceased
ANKITA GUPTA
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
Promoters hold the largest single block of equity as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
Peer companies will appear here as our matching engine processes this industry.
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Polytex India Ltd before audits and certifications: compliance score 46/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Polytex India Ltd: 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: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Polytex India Ltd - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 64/100, distress signals and MSME payment-delay disclosures - know whether Polytex India Ltd pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Polytex India Ltd - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Polytex India Ltd an active company?
Polytex India Ltd has MCA status “Active” with a compliance score of 46/100 (Caution Indicated).
Is Polytex India Ltd financially healthy?
Polytex India Ltd has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.
Should I do business with Polytex India Ltd?
Its overall Trust Score is 64/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Polytex India Ltd?
Promoters hold the largest single block of equity - exact percentages are in the full report. 8 active director(s) are on record.
Does Polytex India Ltd have loans or charges against its assets?
No charges are registered against this company - an unencumbered balance sheet.
Is Polytex India Ltd up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 46/100 (Caution Indicated).
Is it risky to lend to Polytex India Ltd?
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.
