Hichem Solvents Pvt Ltd
About Hichem Solvents Pvt Ltd
Data last updated:
Hichem Solvents Pvt Ltd is a private limited company based in Nadiad, Gujarat, India. It operates in the chemical products segment of the chemicals sector. It was incorporated on 13 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24253GJ1995PTC027772. Its GSTIN is 24AAACH7353Q1Z6 (Gujarat).
The company has an authorised share capital of ₹3 Lakh and a paid-up capital of ₹1.19 Lakh. It is led by directors Kunalsinh Jagdishsinh Chhasatiya and Jagdishsinh Shivsinh Chhasatiya.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Opp Silod Patia Village Kamla Tal. Nadiad District: Kheda, Gujarat, India – 387320.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.46 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹5.79 Lakh (net margin 1.3%) and EBITDA of ₹17.69 Lakh (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 22% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Hichem Solvents Pvt Ltd's registered office is in Nadiad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOpp Silod Patia Village Kamla Tal. Nadiad District: Kheda, Gujarat, India – 387320
- IndustryChemicals, Chemical Products, Medicinal Chemical & Botanical Products, Pharmaceuticals
To see the full contact details of Hichem Solvents Pvt Ltd, 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
Business activity
The main business activity of Hichem Solvents is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Hichem Solvents Pvt Ltd, buy the company report.
Financials of Hichem Solvents Pvt Ltd
FY 2025 filings availableHichem Solvents Pvt Ltd reported revenue of ₹4.46 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 1% growth in the latest year. EBITDA fell 54% 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 |
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| EBITDA | ₹17.69 Lakh | ||||
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| Net Profit (PAT) | ₹5.79 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 4% | ||||
| Net Profit Margin | 1.3% | ||||
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To see the full financial statements and ratios of Hichem Solvents Pvt Ltd, buy the company report.
Board of directors of Hichem Solvents Pvt Ltd
Hichem Solvents has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunalsinh Jagdishsinh Chhasatiya | Director | 24 Jan 2020 | 6 Years 9 Months | Current |
| Jagdishsinh Shivsinh Chhasatiya | Director | 19 Mar 2004 | 22 Years 7 Months | Current |
Peer comparison
Hichem Solvents Pvt Ltd is compared with the 3 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals), 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 |
|---|---|---|---|---|---|---|
| Vishnu Life Sciences Limited | ₹4.49 Cr (FY 2025) | 1.0% | Hyderabad, Telangana, India | |||
| Neer Rasayan Private Limited | ₹4.48 Cr (FY 2025) | 6.0% | A.I .Area, Jharkhand, India | |||
| Hichem Solvents Pvt Ltdthis company | ₹4.46 Cr (FY 2025) | ₹5.79 Lakh | 1.3% | 1.0% | Nadiad, Gujarat, India | |
| Kaycee Industrial Chemicals Private Limited | ₹4.45 Cr (FY 2024) | 10.0% | Tuticorin, Tamil Nadu, India |
To see the full peer comparison of Hichem Solvents Pvt Ltd, buy the company report.
Auditor
Hichem Solvents Pvt Ltd is audited by SHAH & TALATI for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH & TALATI | FY 2017 | 120183W |
Shareholding
The shareholding of Hichem Solvents Pvt Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Hichem Solvents Pvt Ltd, buy the company report.
Legal cases
No court or tribunal cases involving Hichem Solvents Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hichem Solvents Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hichem Solvents has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH7353Q1Z6 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hichem Solvents Pvt Ltd, buy the company report.
Recent activity
Hichem Solvents Pvt Ltd has 5 board changes on record since 2004: 2 appointments and 3 cessations. The latest: Binalben Rakeshkumar Patel ceased to be Director on 10 Feb 2020.
Frequently asked questions
Hichem Solvents is an active private limited company based in Nadiad, Gujarat, India. The company works in chemical products, within the chemicals industry. It was incorporated on 13 October 1995 (31+ years old) and is registered under CIN U24253GJ1995PTC027772.
Hichem Solvents has 2 current directors:
- Kunalsinh Jagdishsinh Chhasatiya - Director
- Jagdishsinh Shivsinh Chhasatiya - Director
The latest financial statements of Hichem Solvents on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hichem Solvents is 24AAACH7353Q1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Hichem Solvents is U24253GJ1995PTC027772. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hichem Solvents was incorporated on 13 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Hichem Solvents by revenue are Vishnu Life Sciences Limited, Neer Rasayan Private Limited, Kaycee Industrial Chemicals Private Limited, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Binalben Rakeshkumar Patel ceased to be Director on 10 Feb 2020. Rakesh Bipinbhai Patel ceased to be Director on 10 Feb 2020. Kunalsinh Jagdishsinh Chhasatiya was appointed as Director on 24 Jan 2020. Hichem Solvents has 5 board changes on record in total.
The registered office of Hichem Solvents is at Opp Silod Patia Village Kamla Tal. Nadiad District: Kheda, Gujarat, India – 387320.
Hichem Solvents operates in the chemicals industry, in the chemical products segment.
The compliance status of Hichem Solvents is compliant as of 06 July 2026. The company is actively filing with the Registrar of Companies.
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