Formokem Chemicals Private Limited
About Formokem Chemicals Private Limited
Data last updated:
Formokem Chemicals Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 15 March 1977 and has been in existence for over 49 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1977PTC019554. Its GSTIN is 27AAACF0627K1ZR (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Navnitkumar Surendra Mahesh and Madhusudan Ramdhar Maheshwari.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 404 / 405 Neelkanth Commercialcentre Plot No 122/ 123 Sahar Road Andheri (East), Mumbai, Maharashtra, India – 400099.
As per the financials filed for FY 2025, the company reported a revenue of ₹39.06 Lakh, a decline of 74% compared to the previous year. For the same year it recorded a net profit of ₹81.46 Lakh (net margin 208.5%) and EBITDA of ₹96.99 Lakh (EBITDA margin 248.3%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 8% over five years.
The company has about 49 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Formokem Chemicals Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address404 / 405 Neelkanth Commercialcentre Plot No 122/ 123 Sahar Road Andheri (East), Mumbai, Maharashtra, India – 400099
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Formokem Chemicals Private Limited, buy the company report.
- 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
Financials of Formokem Chemicals Private Limited
FY 2025 filings availableFormokem Chemicals Private Limited reported revenue of ₹39.06 Lakh (down 74% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 74% fall in the latest year. EBITDA fell 30% 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 | ₹39.06 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹96.99 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹81.46 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 248.3% | ||||
| Net Profit Margin | 208.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Formokem Chemicals Private Limited, buy the company report.
Board of directors of Formokem Chemicals Private Limited
Formokem Chemicals has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navnitkumar Surendra Mahesh | Director | 17 Jan 2020 | 6 Years 9 Months | Current |
| Madhusudan Ramdhar Maheshwari Also directs: Simba Enterprises LLP, MKM Business Ventures LLP | Director | 15 Mar 1977 | 49 Years 7 Months | Current |
| Santkumar Changoiwala Kedarnath | Director | 01 Dec 2001 | 24 Years 11 Months | Current |
| Rakesh Lakhotia Also directs: SBL Colortech P Ltd | Director | 01 Jan 2023 | 3 Years 10 Months | Current |
| Piyush Maheshwari | Director | 01 Jan 2023 | 3 Years 10 Months | Current |
Peer comparison
Formokem Chemicals Private Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Eksoy Chemicals India Private Limited | ₹1.33 Cr (FY 2025) | -23.0% | Ahmedabad, Gujarat, India | |||
| Mysore Plastics and Ceramics Private Limited | ₹1.3 Cr (FY 2025) | 9.0% | Bangalore, Karnataka, India | |||
| Roto Printing Ink (Madras) Private Limited | ₹1.27 Cr (FY 2025) | 12.0% | Tamil Nadu, India | |||
| Formokem Chemicals Private Limitedthis company | ₹39.06 Lakh (FY 2025) | ₹81.46 Lakh | 208.5% | -74.0% | 49 | Mumbai, Maharashtra, India |
To see the full peer comparison of Formokem Chemicals Private Limited, buy the company report.
Auditor
Formokem Chemicals Private Limited is audited by V. B. Shah & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. B. Shah & Company | FY 2023 | 114129W |
Shareholding
The shareholding of Formokem Chemicals 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 Formokem Chemicals Private Limited, buy the company report.
Legal cases
Formokem Chemicals Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (S) | Filed against the company | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company | Disposed |
To see the full case history of Formokem Chemicals 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
No delayed payments to MSME suppliers are on our record for Formokem Chemicals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Formokem Chemicals Private Limited has a workforce of 49 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Formokem Chemicals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACF0627K1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Formokem Chemicals Private Limited, buy the company report.
Recent activity
Formokem Chemicals Private Limited has 7 board changes on record since 1977: 6 appointments and 1 cessation. The latest: Piyush Maheshwari was appointed as Director on 01 Jan 2023.
Frequently asked questions
Formokem Chemicals is an active private limited company based in Mumbai, Maharashtra, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 15 March 1977 (49+ years old) and is registered under CIN U24110MH1977PTC019554.
Formokem Chemicals has 5 current directors:
- Navnitkumar Surendra Mahesh - Director
- Madhusudan Ramdhar Maheshwari - Director
- Santkumar Changoiwala Kedarnath - Director
- Rakesh Lakhotia - Director
- Piyush Maheshwari - Director
The latest financial statements of Formokem Chemicals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Formokem Chemicals is 27AAACF0627K1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Formokem Chemicals is U24110MH1977PTC019554. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formokem Chemicals has 2 court cases on record: 2 filed against it.
Formokem Chemicals was incorporated on 15 March 1977, making it 49+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Formokem Chemicals by revenue are Eksoy Chemicals India Private Limited, Mysore Plastics and Ceramics Private Limited, Roto Printing Ink (Madras) Private Limited, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Piyush Maheshwari was appointed as Director on 01 Jan 2023. Rakesh Lakhotia was appointed as Director on 01 Jan 2023. Navnitkumar Surendra Mahesh was appointed as Director on 17 Jan 2020. Formokem Chemicals has 7 board changes on record in total.
The registered office of Formokem Chemicals is at 404 405 Neelkanth Commercialcentre Plot No 122 123 Sahar Road Andheri East, Mumbai, Maharashtra, India – 400099.
Formokem Chemicals operates in the chemicals and materials industry, in the dyes and pigments segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
