India's Most Valuable Companies 2021 edition · Source: Hurun India
Rank#484- Valuation
- ₹5,900 Cr
Revenue · FY 2025
₹620.03 Cr
▲ 6% YoY
Net profit · FY 2025
₹207.49 Cr
Net margin 33.5%
EBITDA · FY 2025
₹310.32 Cr
EBITDA margin 50%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹108 Cr
Satisfied ₹820.68 Cr
Company age
41 yrs
Est. 1985
Employees · EPFO
571
Provident fund records
About Agrocel Industries Private Limited
Data last updated:
Agrocel Industries Private Limited is a private limited company based in Bhachau, Gujarat, India. It operates in the agricultural support and advisory segment of the agriculture sector. It was incorporated on 16 January 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24210GJ1985PTC007569. Its GSTIN is 24AACCA7205J1ZY (Gujarat). The company holds 19 GST registrations, of which 15 are active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Agrocel Pesticides Limited and Agrocel Industries Limited. It is led by directors including Dipesh Kantisen Shroff (Managing Director) and Hrishit Ashwin Shroff.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bhachau, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹620.03 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹207.49 Cr (net margin 33.5%) and EBITDA of ₹310.32 Cr (EBITDA margin 50%).
The company has about 571 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 2 brands: Solaris ChemTech and Agrocel. As per MCA filings, the company has open charges of ₹108 Cr and satisfied charges of ₹820.68 Cr on record. Court records list 31 cases involving the company, including 24 filed by the company and 7 filed against it; 21 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website agrocel.net.
Company details
CIN U24210GJ1985PTC007569
Registration Number 007569
Incorporation Date 16 January 1985
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Agrocel Industries has undergone 2 name changes throughout its history. The company was previously known as Agrocel Pesticides Limited, and Agrocel Industries Limited. The current legal name is Agrocel Industries Private Limited.
| Company Name | Status |
|---|---|
| Agrocel Industries Private Limited | Current |
| Agrocel Pesticides Limited | Previous |
| Agrocel Industries Limited | Previous |
CIN history
Agrocel Industries has one previous CIN (Corporate Identification Number): U24210GJ1985PLC007569. The current CIN is U24210GJ1985PTC007569, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24210GJ1985PTC007569 | Current |
| U24210GJ1985PLC007569 | Previous |
Key People
Dipesh Kantisen Shroff Managing Director Hrishit Ashwin Shroff Director Jaidev Rajnikant Shroff Director Recognitions & Rankings of Agrocel Industries
Contact details
Agrocel Industries Private Limited's registered office is in Bhachau, Gujarat. Its website is agrocel.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAgrocel House R.S.No. 135/ Paikee 1 / Paikee 1, R.S.No. 135/ Paikee 2 / Paikee 1, Bhachau, Gujarat, India – 370020
- IndustryAgriculture, Agri Support Services
To see the full contact details of Agrocel Industries Private Limited, buy the company report.
Comprehensive company report
Agrocel Industries 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
Agrocel Industries operates two associated brands: Solaris ChemTech and Agrocel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of bromine, bromine chemicals, and phosphoric acid | solarischemtech.com | |
| Agrocel is engaged in minerals, chemicals, and plant nutrition solutions. | agrocel.co.in |
Business activity
The main business activity of Agrocel Industries 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 Agrocel Industries Private Limited, buy the company report.
Financials of Agrocel Industries Private Limited
FY 2025 filings availableAgrocel Industries Private Limited reported revenue of ₹620.03 Cr (up 6% YoY) for FY 2025.
Revenue · FY 2025
₹620.03 Cr ▲ 6%
Net profit · FY 2025
₹207.49 Cr margin 33.5%
EBITDA · FY 2025
₹310.32 Cr margin 50%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
EBITDA CAGR growth
1 year
▲ 27%
Revenue rose 6% in the latest year. EBITDA rose 27% in the latest 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 | ₹620.03 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹310.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹207.49 Cr | ||||
| 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 | 50% | ||||
| Net Profit Margin | 33.5% | ||||
| 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 Agrocel Industries Private Limited, buy the company report.
Board of directors of Agrocel Industries Private Limited
Agrocel Industries has 10 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 |
|---|---|---|---|---|
| Hrishit Ashwin Shroff Also directs: Excel Industries Limited, Excel Bio Resources Limited, Anshul Specialty Molecules Private Limited and 5 more | Director | 30 May 2019 | 7 Years 5 Months | Current |
| Jaidev Rajnikant Shroff | Director | 04 May 2021 | 5 Years 5 Months | Current |
| Chaitanya Dipesh Shroff Also directs: Dipkanti Investments and Financing Private Limited, Agrocel Foundation, Transchem Agritech Private Limited and 5 more | Director | 05 Sep 2013 | 13 Years 1 Months | Current |
| Ramchandra Neelkanth Bhogale | Director | 05 Aug 2024 | 2 Years 2 Months | Current |
| Preeti Dipesh Shroff Also directs: Dipkanti Investments and Financing Private Limited, KPMD Ideas and Designs LLP, Craft & Culture Journeys Private Limited and 2 more | Director | 28 Jun 2017 | 9 Years 4 Months | Current |
| Harshal Manojbhai Gohil | Director | 30 Jul 2019 | 7 Years 3 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
Agrocel Industries Private Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Agri Services, 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 |
|---|---|---|---|---|---|---|
| Advanced Performance Materials Private Limited | ₹1,064.77 Cr (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| G K N Chemical India Private Limited | ₹1,061.66 Cr (FY 2025) | 54.0% | Ahmedabad, Gujarat, India | |||
| Diversey India Hygiene Private Limited | ₹977.55 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Chemspec Chemicals Private Limited | ₹974.7 Cr (FY 2025) | 0.0% | Navi Mumbai, Maharashtra, India | |||
| Agrocel Industries Private Limitedthis company | ₹620.03 Cr (FY 2025) | ₹207.49 Cr | 33.5% | 6.0% | 571 | Bhachau, Gujarat, India |
To see the full peer comparison of Agrocel Industries Private Limited, buy the company report.
Auditor
Agrocel Industries Private Limited is audited by CNK & Associates LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNK & Associates LLP | FY 2025 | 101961W/W-100036 |
Shareholding
The shareholding of Agrocel Industries Private Limited is on record for 3 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Agrocel Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹108 Cr
Satisfied charges
₹820.68 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2022 | 100561099 | Others | ₹10 Cr | Open | |
| 20 Dec 2018 | 100229282 | Axis Bank Limited | ₹98 Cr | Open | |
| 26 Dec 2018 | 100232960 | Others | ₹638.98 Cr | Satisfied | |
| 23 Dec 2018 | 100230020 | Others | ₹145 Cr | Satisfied | |
| 30 Mar 2013 | 10424824 | Yes Bank Limited | ₹2.5 Cr | Satisfied |
To see the full charge records of Agrocel Industries Private Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Agrocel Industries Private Limited has 31 court cases on record: 24 filed by Agrocel Industries, 7 filed against it. 21 cases are pending and 10 are disposed.
Total cases
31
Filed by the company
24
Filed against the company
7
Pending
21
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 6 | 20 |
| High courts | 4 | 1 | 1 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Sonal Plasrub Industries Pvt Ltd and 3 others | Pending |
| Bombay High Court | Court case (CARBP) | Filed by the company against United India Insurance Company Ltd. | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by individuals | Pending |
| District court, kachchh at Bhuj, Gujarat | Commercial matter | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against an individual | Pending |
To see the full case history of Agrocel Industries 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.
Credit ratings & regulatory alerts
Agrocel Industries Private Limited was last rated by Icra on 20 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 20 May 2022 |
To see the full credit ratings and regulatory alerts of Agrocel Industries Private Limited, buy the company report.
MSME payment delays
Agrocel Industries Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 24 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| D-Light Foods and Hospitality Private Limited | |||
| Hotel Om Tunga Vihar | |||
| Hi Tech Applicator | |||
| Jatson Power Private Limited |
To see the full MSME payment records of Agrocel Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Agrocel Industries has 4 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
4
Subsidiary companies
2
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Kutch Crop Services Private Limited | U01110GJ2005PTC047254 | |
| Maxeema Bio-Tech Private Limited | U24117GJ2000PTC038773 | |
| Solaris Chemtech Industries Limited | U24119HR2001PLC083638 | |
| Eccl Investments and Finance Limited | U65993MH2006PLC164038 |
To see the full group structure of Agrocel Industries Private Limited, buy the company report.
Employees & EPFO
Agrocel Industries Private Limited has a workforce of 571 employees on its EPFO records as of Oct 09, 2025, across 2 active EPFO establishments.
Employee count
571
Active EPFO establishments
2
Employee growth
5.16%
GST
Agrocel Industries has 19 GST registrations: 15 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
19
Active
15
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCA7205J1ZY | Gujarat | Active | 01 Jul 2017 |
| 24AACCA7205J2ZX | Gujarat | Active | 22 Jul 2017 |
| 02AACCA7205J1Z4 | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AACCA7205J1Z2 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Agrocel Industries Private Limited, buy the company report.
Recent activity
Agrocel Industries Private Limited has 28 board changes on record since 1996: 11 appointments and 17 cessations. The latest: Neeraj Kumar Omar ceased to be Company Secretary on 22 May 2025.
Charges
A charge with Axis Bank Limited of Rs. 98.00 Cr registered on 20 Dec 2018 with Charge ID 100229282 was modified on 18 Nov 2025.
AGM
Agrocel Industries Private Limited last Annual general meeting of members was held on 29 Aug 2025 as per latest MCA records.
Ceased
Neeraj Kumar Omar ceased to be Company Secretary.
Filing
Agrocel Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Vinayakbhai Bajibhai Buch ceased to be Director.
Ceased
Ramchandra Neelkanth Bhogale ceased to be Additional Director.
Appointed
Ramchandra Neelkanth Bhogale was appointed as Director.
Ceased
Hiren Virendrabhai Zaveri ceased to be Company Secretary.
Charges
A charge registered on 26 Dec 2018 via Charge ID 100232960 with Others was fully satisfied on 20 Apr 2023.
Charges
A charge with Others of Rs. 10.00 Cr registered on 31 Mar 2022 with Charge ID 100561099 was modified on 21 Apr 2022.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100561099 was registered on 31 Mar 2022.
Ceased
Jaidev Rajnikant Shroff ceased to be Additional Director.
48 earlier events are in the company report.
Frequently asked questions
Agrocel Industries is an active private limited company based in Bhachau, Gujarat, India. The company works in agri support services, within the agriculture industry. It was incorporated on 16 January 1985 (41+ years old) and is registered under CIN U24210GJ1985PTC007569.
Agrocel Industries has 10 current directors:
- Dipesh Kantisen Shroff - Managing Director
- Hrishit Ashwin Shroff - Director
- Jaidev Rajnikant Shroff - Director
- Chaitanya Dipesh Shroff - Director
- Ramchandra Neelkanth Bhogale - Director
- Preeti Dipesh Shroff - Director
- Harshal Manojbhai Gohil - Director
- Rajendra Bhogilal Shah - Director
- Kevin Patrick Martin - Director
- Jagdish Ramanlal Naik - Director
The latest financial statements of Agrocel Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Agrocel Industries is 24AACCA7205J1ZY, registered in Gujarat. The company has 19 GST registrations in all, of which 15 are active and 4 are cancelled or inactive. Other active GSTINs include 24AACCA7205J2ZX (Gujarat), 02AACCA7205J1Z4 (Himachal Pradesh), 03AACCA7205J1Z2 (Punjab).
The CIN (Corporate Identification Number) of Agrocel Industries is U24210GJ1985PTC007569. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Agrocel Industries has 31 court cases on record: 24 filed by the company and 7 filed against it. 21 are pending. Most are in the district courts.
Agrocel Industries was incorporated on 16 January 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Agrocel Industries by revenue are Advanced Performance Materials Private Limited, G K N Chemical India Private Limited, Diversey India Hygiene Private Limited, Chemspec Chemicals Private Limited, all in the Agriculture industry (Agri Services, Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Neeraj Kumar Omar ceased to be Company Secretary on 22 May 2025. Vinayakbhai Bajibhai Buch ceased to be Director on 31 Aug 2024. Ramchandra Neelkanth Bhogale ceased to be Additional Director on 30 Aug 2024. Agrocel Industries has 28 board changes on record in total.
Agrocel Industries has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 24 overdue payments to 7 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Agrocel Industries can be reached through the website agrocel.net. Its registered office is in Bhachau, Gujarat, India.
The registered office of Agrocel Industries is at Agrocel House R.S.No. 135 Paikee 1 Paikee 1, R.S.No. 135 Paikee 2 Paikee 1, Bhachau, Gujarat, India – 370020.
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