Amal Limited - Company Profile

Q: Who are the current directors of Amal Limited?

The current directors of Amal Limited are Rajeev Kumar, Sunil Siddharth Lalbhai, Yogesh Sanwarmal Vyas, Jyotin Kantilal Mehta, Venkatraman Srinivasan, Drushti Rahul Desai, Mr A T Mankodi, Deepali Chirag Sheth, Gopi Kannan Rengachari Thirukonda, Yogesh Vyas, Ankit Tusharbhai Mankodi, Mahabaleshwar Ganpat Palekar, Yogesh Vyas, Ankit Tusharbhai Mankodi.

It is a chemicals and materials public limited company based in Mumbai, Maharashtra, India, established in 1974.

1974 Mumbai, Maharashtra, India Active

Last Updated: January 08, 2026

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About Amal Limited

Amal Limited, a active public limited company, was established on 04 July 1974 in Mumbai, Maharashtra, India. Engaging in industrial chemicals within the manufacturing sector, it holds CIN: L24100MH1974PLC017594. Registered under ROC Roc Mumbai. it is listed on BSE: 506597. It has an authorized capital of ₹25.00 Cr and a paid-up capital of ₹12.36 Cr.

Formerly known as Piramal Rasayan Limited. It upholds a compliant status. In 2023, it reported revenue of ₹43.19 Cr and a net worth of ₹86.91 Cr. Employing 32 professional, Its leadership includes Rajeev Kumar (Managing Director), Sunil Siddharth Lalbhai (Director), Jyotin Kantilal Mehta (Director). Past directors included Naresh Chand Singhal, Arvind Nemchand Chhajer, Suresh Kalra. It holds ₹5.50 Cr open charges and ₹83.99 Cr settled loans. Its latest AGM occurred on 29 August 2025, with the balance sheet filed on 31 March 2025. It is based at 309, Veer Savarkar Marg, Opp. India United Mills, Nr. Prabhadevi Telephone Exchange, Dadar, (West),, Mumbai, Maharashtra, 400028.

Company Details

CIN/LLPIN
L24100MH1974PLC017594
Registration Number
017594
Incorporation Date
04 July 1974
Authorized Capital
₹25.00 Cr
Paid-Up Capital
₹12.36 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 506597)
Company Status
Active

Key Metrics

Authorised Capital ₹ 25.00 Cr as on 08-01-2026
Paid Up Capital ₹ 12.36 Cr as on 08-01-2026
Company Age 51 Year, 7 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 5.50 Cr as on 08-01-2026
Satisfied Charges ₹ 83.99 Cr as on 08-01-2026
Revenue Growth **** -4.65% (FY 2023)
Profit Growth **** -69.97% (FY 2023)
Ebitda **** -104.68% (FY 2023)
Net Worth 136.31% (FY 2023)
Total Assets **** 102.85% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Amal Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Amal Limited?

Current Directors

Name	Designation	Appointment Date	Status
Rajeev Kumar	Managing Director	24 Mar 2017	Current
Sunil Siddharth Lalbhai	Director	21 Jan 2010	Current
Jyotin Kantilal Mehta	Director	22 Apr 2022	Current
Venkatraman Srinivasan	Director	01 Feb 2024	Current
Drushti Rahul Desai	Director	01 Feb 2024	Current
Deepali Chirag Sheth	Director	01 Feb 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	24 Sep 2010	Past
Pramod Abcsdd	Company Secretary	04 Feb 2015	Past
Pramod Abcsdd	Cfo	13 Jan 2018	Past
Pramod Abcsdd	Managing Director	11 Jul 2015	Past
Pramod Abcsdd	Additional Director	09 Aug 2011	Past
Pramod Abcsdd	Director	03 Feb 2011	Past

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Financial Performance of Amal.

Amal Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 4.65% decrease. The company also saw a substantial fall in profitability, with a 69.97% decrease in profit. The company's net worth Soared by an impressive increase of 136.31%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-4.65%

*******

Revenue from Operations

*******

-9.93%

*******

Total Assets

*******

102.85%

*******

Profit or Loss

*******

-69.97%

*******

Net Worth

*******

136.31%

*******

EBITDA

*******

-104.68%

*******

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What is the Ownership and Shareholding Structure of Amal?

In 2023, Amal had a promoter holding of 71.33% and a public holding of 28.68%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹55,000,000.00

Satisfied Charges

₹839,866,607.00

Charges Breakdown by Lending Institutions

Axis Bank Limited : 4.00 Cr
Gujrat Industrial Investment Corporation Limited. : 0.60 Cr
Gujrat State Financial Corporation Limited : 0.60 Cr
Gujrat State Financial Corporation : 0.30 Cr

Latest Charge Details

Date	Lender	Amount	Status
30 Sep 2021	Axis Bank Limited	₹4.00 Cr	Open
03 Oct 1999	Gujrat State Financial Corporation Limited	₹6.00 M	Open
29 Jan 1980	Gujrat State Financial Corporation	₹3.00 M	Open
03 Oct 1979	Gujrat Industrial Investment Corporation Limited.	₹6.00 M	Open
27 Dec 2002	Export-Import Bank Of India	₹10.00 Cr	Satisfied

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How Many Employees Work at Amal?

Amal has a workforce of 32 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Amal, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Amal's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Amal

Recent Activity within the Organization

Annual General Meeting

The activity Amal Limited last Annual general meeting of members was held on 29 Aug 2025 as per latest MCA records. was completed.
29 Aug 2025
Director Appointment

The activity Mahabaleshwar Ganpat Palekar was appointed as a Director was appointed as a Director on 01 Aug 2025 & has been associated with this company since 6 months 12 days . was completed.
01 Aug 2025
Balance Sheet

Amal Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was recorded as a recent event.
31 Mar 2025
Director Appointment

Progress on Venkatraman Srinivasan was appointed as a Director was appointed as a Director on 01 Feb 2024 & has been associated with this company since 2 years 10 days . was documented.
01 Feb 2024
Director Appointment

Drushti Rahul Desai was appointed as a Director was appointed as a Director on 01 Feb 2024 & has been associated with this company since 2 years 10 days . was recorded as a recent event.
01 Feb 2024
Director Appointment

Deepali Chirag Sheth was appointed as a Director was appointed as a Director on 01 Feb 2024 & has been associated with this company since 2 years 10 days . was recorded as a recent event.
01 Feb 2024

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