Fortune MNC 500 India 2026 edition
Rank#155- Total income
- ₹4,640 Cr
- Profit
- ₹41 Cr
Last year #170
Covestro (India) Private Limited - chemicals and materials in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4,389.09 Cr
▲ 8% YoY
Net profit · FY 2025
₹41.33 Cr
Net margin 0.9%
EBITDA · FY 2025
₹118.69 Cr
EBITDA margin 2.7%
Authorised capital
₹364.4 Cr
Registered with MCA
Paid-up capital
₹207.52 Cr
Issued & subscribed
Company age
31 yrs
Est. 1995
Employees · EPFO
368
Provident fund records
Directors on board
2
As per MCA filings
About Covestro (India) Private Limited
Data last updated:
Covestro (India) Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Covestro Deutschland Ag. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 11 September 1995 and has been in existence for over 31 years.
Covestro (India) is ranked #155 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U19113MH1995PTC179724. Its GSTIN is 27AAACB2419H1Z0 (Maharashtra). The company holds 15 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹364.4 Cr and a paid-up capital of ₹207.52 Cr. It was formerly known as Bayer Materialscience Private Limited. It is led by directors Anand Srinivasan (Managing Director) and Avinash Manmohan Bagdi.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Navi Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,389.09 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹41.33 Cr (net margin 0.9%) and EBITDA of ₹118.69 Cr (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 21% over five years.
The company has about 368 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Covestro. Court records list 71 cases involving the company, including 50 filed by the company and 21 filed against it; 23 cases are pending. The company has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹258.25 Cr; the latest was in March 2022. The company has 19 MSME Form 1 returns on record between 2019 and 2024, listing 344 overdue payments to 90 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website covestro.com.
Company details
CIN U19113MH1995PTC179724
Registration Number 179724
Incorporation Date 11 September 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 17 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Covestro Deutschland Ag
Compliance Status Active Compliant
CIN history
Covestro (India) has one previous CIN (Corporate Identification Number): U19113DL1995PTC083994. The current CIN is U19113MH1995PTC179724, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U19113MH1995PTC179724 | Current |
| U19113DL1995PTC083994 | Previous |
Recognitions & Rankings of Covestro (India)
Contact details
Covestro (India) Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is covestro.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. Sb – 801 8th Floor Empire Tower Cloud City Campus Airoli Thane – Belap, Ur Rd, Navi Mumbai, Maharashtra, India – 400708
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Covestro (India) Private Limited, buy the company report.
Comprehensive company report
Covestro (India) Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Covestro (India) operates one associated brand: Covestro. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Advanced polymer materials are manufactured for industrial applications. | covestro.com |
Business activity
The main business activities of Covestro (India) are manufacturing, trade and support service to organizations. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products, wholesale trading and other support services to organizations. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| G | Trade | G1 | Wholesale Trading | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Covestro (India) Private Limited, buy the company report.
Financials of Covestro (India) Private Limited
FY 2025 filings availableCovestro (India) Private Limited reported revenue of ₹4,389.09 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹4,389.09 Cr ▲ 8%
Net profit · FY 2025
₹41.33 Cr margin 0.9%
EBITDA · FY 2025
₹118.69 Cr margin 2.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 9%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▼ 17%
3 years · compounded
▼ 36%
5 years · compounded
▲ 19%
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 8% growth in the latest year. EBITDA fell 17% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹118.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹41.33 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Covestro (India) Private Limited, buy the company report.
Board of directors of Covestro (India) Private Limited
Covestro (India) has 2 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Manmohan Bagdi | Director | 16 Jul 2015 | 11 Years 3 Months | Current |
| Anand Srinivasan | Managing Director | 29 Nov 2019 | 6 Years 10 Months | Current |
Auditor
Covestro (India) Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Covestro (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Covestro (India) Private Limited, buy the company report.
Deals & funding
Covestro (India) Private Limited has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹258.25 Cr; the latest was in March 2022.
Total deals
11
Secondary share transfers
8
Funding rounds
3
Disclosed funding
₹258.25 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Covestro Invest Gmbh Seller: Covestro GmbH |
| Mar 2019 | Secondary share transfer | Undisclosed | Seller: Covestro Deuschland AG |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Covestro Deuschland AG Seller: Bayer AG |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Covestro Deuschland AG Seller: Bayer AG |
| Apr 2015 | Secondary share transfer | Undisclosed | Buyer: Covestro Deuschland AG Seller: Bayer Bioscience Private Limited , Nunhems India Private Limited |
To see the full deal history of Covestro (India) Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Covestro (India) Private Limited has 71 court cases on record: 50 filed by Covestro (India), 21 filed against it. 23 cases are pending and 48 are disposed.
Total cases
71
Filed by the company
50
Filed against the company
21
Pending
23
Disposed
48
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 38 | 11 | 15 |
| District courts | 32 | 9 | 7 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 71)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Appeal | Filed against the company by Magma General Insurance Limited | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Magma General Insurance Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Earthin Projects Limited and 4 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Classic Footcare (India) Pvt. Ltd. and 4 others | Pending |
| Bombay High Court | Court case (NMCD) | Filed against the company by M/S. Srikrishna Polymer Industries Pvt. Ltd. | Pending |
To see the full case history of Covestro (India) Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Covestro (India) Private Limited has 19 MSME Form 1 returns on record between 2019 and 2024, listing 344 overdue payments to 90 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 90)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Indian Road Freight Carriers | |||
| Harish Enterprise | |||
| Brandtrigue LLP | |||
| Hyperion Brand & Communications Consultancy |
To see the full MSME payment records of Covestro (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Covestro (India) Private Limited has a workforce of 368 employees on its EPFO records as of Aug 31, 2024, across 1 active EPFO establishment.
Employee count
368
Active EPFO establishments
1
Employee growth
-2.13%
GST
Covestro (India) has 15 GST registrations: 10 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
15
Active
10
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB2419H1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACB2419H2ZZ | Maharashtra | Active | 24 Aug 2017 |
| 03AAACB2419H2Z9 | Punjab | Active | 01 Jul 2017 |
| 06AAACB2419H1Z4 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Covestro (India) Private Limited, buy the company report.
Recent activity
Covestro (India) Private Limited has 20 board changes on record since 2006: 7 appointments and 13 cessations. The latest: Anand Srinivasan ceased to be Director on 18 Dec 2019.
AGM
Covestro (India) Private Limited last Annual general meeting of members was held on 17 Sep 2025 as per latest MCA records.
Filing
Covestro (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Ceased
Anand Srinivasan ceased to be Director.
Appointed
Anand Srinivasan was appointed as Managing Director.
Ceased
Ajay Durrani ceased to be Managing Director.
Ceased
Samir Hifri ceased to be Director.
Ceased
Darius Cavasji Shroff ceased to be Director.
Ceased
Avinash Manmohan Bagdi ceased to be Additional Director.
Ceased
Kugalur Ramsesha Venkata Subrahmanian ceased to be Director.
Appointed
Avinash Manmohan Bagdi was appointed as Director.
Ceased
Manorama Chivukula ceased to be Director.
Ceased
Rashmi Purwar ceased to be Company Secretary.
11 earlier events are in the company report.
News
Frequently asked questions
Covestro (India) is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 11 September 1995 (31+ years old) and is registered under CIN U19113MH1995PTC179724.
Covestro (India) has 2 current directors:
- Anand Srinivasan - Managing Director
- Avinash Manmohan Bagdi - Director
The latest financial statements of Covestro (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Covestro (India) is 27AAACB2419H1Z0, registered in Maharashtra. The company has 15 GST registrations in all, of which 10 are active and 5 are cancelled or inactive. Other active GSTINs include 27AAACB2419H2ZZ (Maharashtra), 03AAACB2419H2Z9 (Punjab), 06AAACB2419H1Z4 (Haryana).
The CIN (Corporate Identification Number) of Covestro (India) is U19113MH1995PTC179724. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Covestro (India) has 71 court cases on record: 50 filed by the company and 21 filed against it. 23 are pending. Most are in the high courts.
Covestro (India) was incorporated on 11 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Covestro (India) has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹258.25 Cr; the latest was in March 2022.
Anand Srinivasan ceased to be Director on 18 Dec 2019. Anand Srinivasan was appointed as Managing Director on 29 Nov 2019. Ajay Durrani ceased to be Managing Director on 30 Nov 2018. Covestro (India) has 20 board changes on record in total.
Covestro (India) has 19 MSME Form 1 returns on record between 2019 and 2024, listing 344 overdue payments to 90 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Covestro (India) can be reached through the website covestro.com. Its registered office is in Navi Mumbai, Maharashtra, India.