MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-02-0068236
Acid India Limited - chemicals and materials in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹107.8 Cr
▼ 22% YoY
Net profit · FY 2024
₹64.1 Lakh
Net margin 0.6%
EBITDA · FY 2024
₹4.61 Cr
EBITDA margin 4.3%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹15 Cr
Satisfied ₹15 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
21
Provident fund records
About Acid India Limited
Data last updated:
Acid India Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 16 July 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24116TN2004PLC053746. Its GSTIN is 33AAGCA0376E1Z4 (Tamil Nadu). The company holds 10 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Acid India Private Limited. It is led by directors including Amrish Jayant Asher and Nitin Asher Jayant.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.285 Avvai Shanmugam Salai (Lloyds Road) Royapettah, Chennai, Tamil Nadu, India – 600014.
As per the financials filed for FY 2024, the company reported a revenue of ₹107.8 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹64.1 Lakh (net margin 0.6%) and EBITDA of ₹4.61 Cr (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 3% over five years.
The company has about 21 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Acid India. As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹15 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹4.96 Cr; the latest was in November 2021. Its 4 peer companies in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 3 smaller; the largest is Rajni Innochem Private Limited with revenue of ₹109.2 Cr.
Acid India Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0068236). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website acidindia.in.
Company details
CIN U24116TN2004PLC053746
Registration Number 053746
Incorporation Date 16 July 2004
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-02-0068236
CIN history
Acid India has one previous CIN (Corporate Identification Number): U24116TN2004PTC053746. The current CIN is U24116TN2004PLC053746, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24116TN2004PLC053746 | Current |
| U24116TN2004PTC053746 | Previous |
Recognitions & Rankings of Acid India
Contact details
Acid India Limited's registered office is in Chennai, Tamil Nadu. Its website is acidindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.285 Avvai Shanmugam Salai (Lloyds Road) Royapettah, Chennai, Tamil Nadu, India – 600014
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Acid India Limited, buy the company report.
Comprehensive company report
Acid India 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
Acid India operates one associated brand: Acid India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer and supplier of acids and other chemicals | acidindia.in |
Business activity
The main business activity of Acid India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Acid India Limited, buy the company report.
Financials of Acid India Limited
FY 2024 filings availableAcid India Limited reported revenue of ₹107.8 Cr (down 22% YoY) for FY 2024.
Revenue · FY 2024
₹107.8 Cr ▼ 22%
Net profit · FY 2024
₹64.1 Lakh margin 0.6%
EBITDA · FY 2024
₹4.61 Cr margin 4.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 22%
3 years · compounded
▲ 12%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 7%
5 years · compounded
▲ 6%
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 1% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹4.61 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹64.1 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.3% | ||||
| Net Profit Margin | 0.6% | ||||
| 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 Acid India Limited, buy the company report.
Board of directors of Acid India Limited
Acid India has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amrish Jayant Asher Also directs: Global Flavours and Ingredients Private Limited | Director | 12 Sep 2016 | 10 Years 1 Months | Current |
| Nitin Asher Jayant | Director | 16 Jul 2004 | 22 Years 3 Months | Current |
| Vaishali Nitin Asher Also directs: Global Flavours and Ingredients Private Limited | Director | 05 Nov 2018 | 7 Years 11 Months | Current |
| Nirmala Asher Jayant | Director | 16 Jul 2004 | 22 Years 3 Months | Current |
| Jigna Amrish Asher Also directs: Global Flavours and Ingredients Private Limited | Director | 05 Nov 2018 | 7 Years 11 Months | Current |
Peer comparison
Acid India Limited is compared with the 4 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rajni Innochem Private Limited | ₹109.2 Cr (FY 2025) | 34.0% | Ghaziabad, Uttar Pradesh, India | |||
| Acid India Limitedthis company | ₹107.8 Cr (FY 2024) | ₹64.1 Lakh | 0.6% | -22.0% | 21 | Chennai, Tamil Nadu, India |
| Kutch Petrochem Private Limited | ₹107.47 Cr (FY 2025) | 65.0% | Gandhidham, Gujarat, India | |||
| Polykem Jupiter Private Limited | ₹107.38 Cr (FY 2025) | 42.0% | Chennai, Tamil Nadu, India | |||
| Zen Marketing Limited | ₹107.21 Cr (FY 2025) | 26.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Acid India Limited, buy the company report.
Auditor
Acid India Limited is audited by M SUKUMAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M SUKUMAR & ASSOCIATES | FY 2023 | 014039S |
Shareholding
The shareholding of Acid India 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 Acid India Limited, buy the company report.
Charges & borrowings
Open charges
₹15 Cr
Satisfied charges
₹15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Dec 2024 | 101066532 | Others | ₹15 Cr | Open | |
| 26 Jul 2017 | 100116868 | Axis Bank Limited | ₹15 Cr | Satisfied |
To see the full charge records of Acid India Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Acid India Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹4.96 Cr; the latest was in November 2021.
Total deals
5
Secondary share transfers
4
Funding round
1
Disclosed funding
₹4.96 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Jan 2017 | Funding round | ₹4.96 Cr | Investors: 4 individuals |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jan 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Acid India Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (SPCS) | Filed against the company by Fairmate Chemicals Pvt.Ltd. | Disposed |
To see the full case history of Acid India 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 Acid India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Acid India has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Global Flavours and Ingredients Private Limited | U51507TN2010PTC078383 |
To see the full group structure of Acid India Limited, buy the company report.
Employees & EPFO
Acid India Limited has a workforce of 21 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
21
Active EPFO establishments
1
Employee growth
5%
GST
Acid India has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
7
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCA0376E1Z4 | Tamil Nadu | Active | 01 Jul 2017 |
| 24AAGCA0376E1Z3 | Gujarat | Active | 01 Jul 2017 |
| 27AAGCA0376E1ZX | Maharashtra | Active | 01 Jul 2017 |
| 29AAGCA0376E1ZT | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Acid India Limited, buy the company report.
Recent activity
Acid India Limited has 9 board changes on record since 2004: 5 appointments and 4 cessations. The latest: Jigna Amrish Asher ceased to be Director on 17 Feb 2025.
Charges
A charge registered on 26 Jul 2017 via Charge ID 100116868 with Axis Bank Limited was fully satisfied on 18 Mar 2025.
Ceased
Jigna Amrish Asher ceased to be Director.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101066532 was registered on 13 Dec 2024.
AGM
Acid India Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Acid India Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Axis Bank Limited of Rs. 15.00 Cr registered on 26 Jul 2017 with Charge ID 100116868 was modified on 21 Jul 2020.
Appointed
Jigna Amrish Asher was appointed as Director.
Appointed
Vaishali Nitin Asher was appointed as Director.
Ceased
Vimala Venkateswaran ceased to be Additional Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 15.00 Cr with Charge ID 100116868 was registered on 26 Jul 2017.
Ceased
Jayant Devji Asher ceased to be Director.
Appointed
Amrish Jayant Asher was appointed as Director.
4 earlier events are in the company report.
Frequently asked questions
Acid India is an active public limited company based in Chennai, Tamil Nadu, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 16 July 2004 (22+ years old) and is registered under CIN U24116TN2004PLC053746.
Acid India has 5 current directors:
- Amrish Jayant Asher - Director
- Nitin Asher Jayant - Director
- Vaishali Nitin Asher - Director
- Nirmala Asher Jayant - Director
- Jigna Amrish Asher - Director
The latest financial statements of Acid India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Acid India is 33AAGCA0376E1Z4, registered in Tamil Nadu. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 24AAGCA0376E1Z3 (Gujarat), 27AAGCA0376E1ZX (Maharashtra), 29AAGCA0376E1ZT (Karnataka).
The CIN (Corporate Identification Number) of Acid India is U24116TN2004PLC053746. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Acid India has 1 court case on record: 1 filed against it.
Acid India was incorporated on 16 July 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
Acid India has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹4.96 Cr; the latest was in November 2021.
The peers of Acid India by revenue are Rajni Innochem Private Limited, Kutch Petrochem Private Limited, Polykem Jupiter Private Limited, Zen Marketing Limited, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading).
Jigna Amrish Asher ceased to be Director on 17 Feb 2025. Jigna Amrish Asher was appointed as Director on 05 Nov 2018. Vaishali Nitin Asher was appointed as Director on 05 Nov 2018. Acid India has 9 board changes on record in total.
Yes, Acid India is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-02-0068236).
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