About Amsal-Chem Private Limited
Data last updated:
Amsal-Chem Private Limited is a private limited company based in Ankleshwar, Gujarat, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 15 September 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1992PTC018289. Its GSTIN is 24AAACA3281G1Z3 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4 Cr. It is led by directors including Subhash Laxmidas Majithia (Managing Director) and Umesh Mavjibhai Mendapara.
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 A – 1 401 402 & 403 GIDC Industrial Estate Ankleshwar, Gujarat, India – 393002.
As per the financials filed for FY 2024, the company reported a revenue of ₹69.92 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹2.03 Cr (net margin 2.9%) and EBITDA of ₹7.75 Cr (EBITDA margin 11.1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 1% over five years.
The company is associated with 1 brand: Amsal Chem. As per MCA filings, the company has open charges of ₹49.77 Cr and satisfied charges of ₹35.43 Cr on record. Court records list 35 cases involving the company, including 16 filed by the company and 19 filed against it; 3 cases are pending. The company has 11 deals on record (8 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2 Cr; the latest was in April 2020. The company has 7 MSME Form 1 returns on record between 2023 and 2024, listing 565 overdue payments to 42 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website amsal.com.
Company details
Contact details
Amsal-Chem Private Limited's registered office is in Ankleshwar, Gujarat. Its website is amsal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 1 401 402 & 403 GIDC Industrial Estate Ankleshwar, Gujarat, India – 393002
- IndustryPharma, API Manufacturers
To see the full contact details of Amsal-Chem 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
Brands
Amsal-Chem operates one associated brand: AMSAL CHEM. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality pharmaceutical ingredients for the industry. | amsal.com |
Business activity
The main business activities of Amsal-Chem are trade, manufacturing and electricity, gas, steam and air condition supply. In detail, this covers wholesale trading, chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and electric power generation, transmission and distribution. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Amsal-Chem Private Limited, buy the company report.
Financials of Amsal-Chem Private Limited
FY 2024 filings availableAmsal-Chem Private Limited reported revenue of ₹69.92 Cr (up 20% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 20% growth in the latest year. EBITDA rose 88% 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 | ₹7.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.03 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.1% | ||||
| Net Profit Margin | 2.9% | ||||
| 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 Amsal-Chem Private Limited, buy the company report.
Board of directors of Amsal-Chem Private Limited
Amsal-Chem has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Umesh Mavjibhai Mendapara Also directs: Chevron Pharma Private Limited, Apex Healthcare Limited, Mendas Pharma Private Limited and 3 more | Director | 28 Jan 2019 | 7 Years 9 Months | Current |
| Salomi Subhash Majithia | Director | 25 Apr 2015 | 11 Years 6 Months | Current |
| Rameshbhai Devjibhai Gabani Also directs: Chevron Pharma Private Limited, Apex Healthcare Limited, Ankleshwar Research and Analytical Infrastructure Association and 1 more | Director | 24 Apr 2019 | 7 Years 6 Months | Current |
| Subhash Laxmidas Majithia Also directs: Adhiraj Life Sciences Private Limited | Managing Director | 15 Sep 1992 | 34 Years 1 Months | Current |
Auditor
Amsal-Chem Private Limited is audited by K K HARYANI & CO. PROP. KISHOR K HARYANI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K HARYANI & CO. PROP. KISHOR K HARYANI | FY 2023 | 121950W |
Shareholding
The shareholding of Amsal-Chem 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 Amsal-Chem Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2021 | 100425440 | Hdfc Bank Limited | ₹49.5 Cr | Open | |
| 07 Jul 1994 | 90100335 | State Bank of India | ₹19 Lakh | Open | |
| 19 Mar 1993 | 90097692 | Raghuvanshi Co-Operative Bank Ltd. | ₹7.5 Lakh | Open | |
| 15 Feb 2012 | 10340301 | State Bank of India | ₹90 Lakh | Satisfied | |
| 19 Jan 2010 | 10205926 | Others | ₹16.55 Cr | Satisfied |
To see the full charge records of Amsal-Chem Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Amsal-Chem Private Limited has 11 deals on record (8 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2 Cr; the latest was in April 2020.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Laxmidas Narandas Huf, an individual |
| May 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
To see the full deal history of Amsal-Chem Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Amsal-Chem Private Limited has 35 court cases on record: 16 filed by Amsal-Chem, 19 filed against it. 3 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 19 | 2 |
| High courts | 6 | 0 | 1 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bharuch, Gujarat | Court case (SPCS) | Filed by the company against Skylead Chemicals Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Ms. Meteoric Exim Pvt. Ltd. Ors and 3 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Bharuch, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
To see the full case history of Amsal-Chem 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
Amsal-Chem Private Limited was last rated by Crisil on 30 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Dec 2020 |
To see the full credit ratings and regulatory alerts of Amsal-Chem Private Limited, buy the company report.
MSME payment delays
Amsal-Chem Private Limited has 7 MSME Form 1 returns on record between 2023 and 2024, listing 565 overdue payments to 42 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 42)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| D.N.Syndicate | |||
| an individual supplier | |||
| Trikaldarshi Chemical Industries | |||
| Choksi Laboratories Limited | |||
| Jyoti Industrial Corporation |
To see the full MSME payment records of Amsal-Chem Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Amsal-Chem has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACA3281G1Z3 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Amsal-Chem Private Limited, buy the company report.
Recent activity
Amsal-Chem Private Limited has 11 board changes on record since 1992: 4 appointments and 7 cessations. The latest: Rameshbhai Devjibhai Gabani ceased to be Additional Director on 27 Sep 2019.
18 earlier events are in the company report.
Frequently asked questions
Amsal-Chem is an active private limited company based in Ankleshwar, Gujarat, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 15 September 1992 (34+ years old) and is registered under CIN U24231GJ1992PTC018289.
Amsal-Chem has 4 current directors:
- Subhash Laxmidas Majithia - Managing Director
- Umesh Mavjibhai Mendapara - Director
- Salomi Subhash Majithia - Director
- Rameshbhai Devjibhai Gabani - Director
The latest financial statements of Amsal-Chem 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 Amsal-Chem is 24AAACA3281G1Z3, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Amsal-Chem is U24231GJ1992PTC018289. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Amsal-Chem has 35 court cases on record: 16 filed by the company and 19 filed against it. 3 are pending. Most are in the district courts.
Amsal-Chem was incorporated on 15 September 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Amsal-Chem has 11 deals on record (8 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2 Cr; the latest was in April 2020.
Rameshbhai Devjibhai Gabani ceased to be Additional Director on 27 Sep 2019. Umesh Mavjibhai Mendapara ceased to be Additional Director on 27 Sep 2019. Aman Suketu Majithia ceased to be Director on 08 Aug 2019. Amsal-Chem has 11 board changes on record in total.
Amsal-Chem has 7 MSME Form 1 returns on record between 2023 and 2024, listing 565 overdue payments to 42 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Amsal-Chem can be reached through the website amsal.com. Its registered office is in Ankleshwar, Gujarat, India.
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.
