MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0050334
Antares Chem Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.41 Cr
▼ 31% YoY
Net profit · FY 2024
₹51.29 Lakh
Net margin 8%
EBITDA · FY 2024
₹71.67 Lakh
EBITDA margin 11.2%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Company age
15 yrs
Est. 2011
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Antares Chem Private Limited
Data last updated:
Antares Chem Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 17 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH2011PTC218810. Its GSTIN is 27AADCV6809L1ZU (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Verve Chem Private Limited. It is led by directors including Hemang Kanubhai Khetani (Whole-Time Director) and Chintan Kanubhai Khetani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office – A 27 Satyam Shopping Centre M. G. Road Ghatkopar East, Mumbai, Maharashtra, India – 400077.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.41 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹51.29 Lakh (net margin 8%) and EBITDA of ₹71.67 Lakh (EBITDA margin 11.2%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 2% over five years.
Antares Chem Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0050334). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website antareschem.com.
Company details
CIN U24100MH2011PTC218810
Registration Number 218810
Incorporation Date 17 June 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0050334
Key People
Hemang Kanubhai Khetani Whole-Time Director Chintan Kanubhai Khetani Whole-Time Director Sanjay Pravinchandra Thakkar Director Recognitions & Rankings of Antares Chem
Contact details
Antares Chem Private Limited's registered office is in Mumbai, Maharashtra. Its website is antareschem.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressOffice – A 27 Satyam Shopping Centre M. G. Road Ghatkopar East, Mumbai, Maharashtra, India – 400077
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Antares Chem Private Limited, buy the company report.
Comprehensive company report
Antares Chem 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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Business activity
The main business activity of Antares Chem 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 Antares Chem Private Limited, buy the company report.
Financials of Antares Chem Private Limited
FY 2025 filings availableAntares Chem Private Limited reported revenue of ₹6.41 Cr (down 31% YoY) for FY 2024.
Revenue · FY 2024
₹6.41 Cr ▼ 31%
Net profit · FY 2024
₹51.29 Lakh margin 8%
EBITDA · FY 2024
₹71.67 Lakh margin 11.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 31%
3 years · compounded
▲ 10%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▲ 42%
3 years · compounded
▲ 29%
5 years · compounded
▲ 35%
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 31% fall in the latest year. EBITDA rose 42% 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 |
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| EBITDA | ₹71.67 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹51.29 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 8% | ||||
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To see the full financial statements and ratios of Antares Chem Private Limited, buy the company report.
Board of directors of Antares Chem Private Limited
Antares Chem has 3 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 |
|---|---|---|---|---|
| Sanjay Pravinchandra Thakkar Also directs: Fervent Synergies Limited | Director | 17 Jun 2011 | 15 Years 4 Months | Current |
| Hemang Kanubhai Khetani | Whole-Time Director | 01 Dec 2021 | 4 Years 10 Months | Current |
| Chintan Kanubhai Khetani | Whole-Time Director | 01 Dec 2021 | 4 Years 10 Months | Current |
Peer comparison
Antares Chem Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Saba Carbons & Chemicals Private Limited | ₹6.44 Cr (FY 2024) | 24.0% | Kolkata, West Bengal, India | |||
| Vrusha Organics Private Limited | ₹6.44 Cr (FY 2025) | -44.0% | Ambarnath, Maharashtra, India | |||
| Silverseal Adhesive Private Limited | ₹6.42 Cr (FY 2025) | 22.0% | Delhi, India | |||
| Omc Chemicals and Allied Chromatography Private Limited | ₹6.41 Cr (FY 2025) | 11.0% | Delhi, India | |||
| Antares Chem Private Limitedthis company | ₹6.41 Cr (FY 2024) | ₹51.29 Lakh | 8% | -31.0% | Mumbai, Maharashtra, India | |
| Amsons Overseas Dyes & Chemicals Private Limited | ₹6.41 Cr (FY 2024) | 0.0% | Ludhiana, Punjab, India | |||
| Vinay Sil-Cos Private Limited | ₹6.39 Cr (FY 2024) | -31.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Antares Chem Private Limited, buy the company report.
Auditor
Antares Chem Private Limited is audited by NITIN POTA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NITIN POTA & ASSOCIATES | FY 2021 | 107153W |
Shareholding
The shareholding of Antares Chem Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Antares Chem Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Antares Chem Private Limited 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 Antares Chem Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Antares Chem has 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
1
Associated companies
GST
Antares Chem has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV6809L1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Antares Chem Private Limited, buy the company report.
Recent activity
Antares Chem Private Limited has 7 board changes on record since 2011: 3 appointments and 4 cessations. The latest: Hemang Kanubhai Khetani ceased to be Additional Director on 12 Sep 2022.
AGM
Antares Chem Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Antares Chem Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Hemang Kanubhai Khetani ceased to be Additional Director.
Ceased
Ashok Premji Gohil ceased to be Director.
Appointed
Chintan Kanubhai Khetani was appointed as Whole-Time Director.
Appointed
Hemang Kanubhai Khetani was appointed as Whole-Time Director.
Ceased
Chintan Kanubhai Khetani ceased to be Whole-Time Director.
Ceased
Karan Vijay Thakkar ceased to be Director.
Appointed
Sanjay Pravinchandra Thakkar was appointed as Director.
Incorporation
17 Jun 2011
Antares Chem Private Limited was registered on 17 Jun 2011 with Roc Mumbai & aged 15 years 4 months as per MCA records.
Frequently asked questions
Antares Chem is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 17 June 2011 (15+ years old) and is registered under CIN U24100MH2011PTC218810.
Antares Chem has 3 current directors:
- Hemang Kanubhai Khetani - Whole-Time Director
- Chintan Kanubhai Khetani - Whole-Time Director
- Sanjay Pravinchandra Thakkar - Director
The latest financial statements of Antares Chem on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Antares Chem is 27AADCV6809L1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Antares Chem is U24100MH2011PTC218810. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Antares Chem was incorporated on 17 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Antares Chem by revenue are Saba Carbons & Chemicals Private Limited, Vrusha Organics Private Limited, Silverseal Adhesive Private Limited, Omc Chemicals and Allied Chromatography Private Limited, Amsons Overseas Dyes & Chemicals Private Limited and 1 more, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading).
Hemang Kanubhai Khetani ceased to be Additional Director on 12 Sep 2022. Ashok Premji Gohil ceased to be Director on 01 Dec 2021. Chintan Kanubhai Khetani was appointed as Whole-Time Director on 01 Dec 2021. Antares Chem has 7 board changes on record in total.
Yes, Antares Chem is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0050334).
Antares Chem can be reached through the website antareschem.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Antares Chem is at Office – A 27 Satyam Shopping Centre M. G. Road Ghatkopar East, Mumbai, Maharashtra, India – 400077.