Polytex India

Polytex India Limited, incorporated in 1987, is a company domiciled in India and is primarily engaged in the business of lending. The company's core philosophy centers on good corporate governance, striving for transparency, accountability, and equity in all its interactions with stakeholders. Its main business activity involves operating as a Non-Banking Finance Company (NBFC) to provide various types of loans and advances. The company plans to use its resources in the best possible way to increase business volumes and aims to achieve higher turnover. However, the company's overall performance during the year was not satisfactory, which it attributes to a recession in the broader market. Significantly, the Reserve Bank of India has cancelled the company's Certificate of Registration, which allowed it to operate as a Non-Banking Financial Institution.;