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Coimbatore
₹37.5 Lakh PVC Raw Material Theft Case: Firm Manager Arrested, Store In-Charge Absconding
May 28, 2026
In a major development in an alleged industrial raw material theft case involving losses of nearly ₹37.5 lakh, Kovilpalayam police have arrested Vikram Singh, manager of Coimbatore-based firm The Pipe Master, while the company’s store and transport manager remains absconding.
The case pertains to the alleged misappropriation and illegal sale of PVC raw materials belonging to Poly Pipes India Private Limited, a company that has been operating from Vilankurichi for nearly 15 years.
According to police sources, the company imports PVC resin and Calcium Carbonate from overseas for supply to industrial clients. The imported materials were stored at the company’s warehouse located in Rathinagiri Nagar under the supervision of senior staff.
Investigators said Muruganantham (34), a native of Thottiyam in Tiruchy district, had been working as the store and transport manager for the past decade. He was also reportedly using two cargo vehicles owned by him for transporting company materials.
The alleged fraud surfaced during the company’s annual stock audit conducted on February 21, 2026. During physical verification, officials reportedly discovered a shortage of 52.500 tonnes of PVC resin valued at around ₹37.5 lakh.
Police said Muruganantham stopped reporting to work a day before the audit. Preliminary investigation and CCTV footage allegedly revealed that he removed account books, key records and the warehouse CCTV hard disk without authorisation on February 20.
He is further accused of transporting company stock in his own vehicles without valid documentation and selling the materials through unauthorised channels for personal gain.Based on a complaint lodged by the company management, Kovilpalayam police registered a case under charges related to theft and cheating. Police teams are continuing intensive efforts to trace Muruganantham.
Officials said the arrest of Vikram Singh is considered a significant breakthrough in the ongoing investigation, and further inquiries are underway to determine the extent of the alleged fraud and the involvement of others, if any.
