Ashapura Perfoclay Limited

Ashapura Perfoclay Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U14108MH1997PLC107300 Incorporated 15 April 1997 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company chemicals and materials
Data last updated
Revenue · FY 2025
₹433.43 Cr
▲ 13% YoY
Net profit · FY 2025
₹45.66 Cr
Net margin 10.5%
EBITDA · FY 2025
₹82.36 Cr
EBITDA margin 19%
Authorised capital
₹20.1 Cr
Registered with MCA
Paid-up capital
₹17.93 Cr
Issued & subscribed
Open charges
₹139.05 Cr
Satisfied ₹145.03 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
579
Provident fund records

About Ashapura Perfoclay Limited

Data last updated:

Ashapura Perfoclay Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 15 April 1997 and has been in existence for over 29 years.

Its director Chetan Navnitlal Shah and family are #1,028 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U14108MH1997PLC107300. Its GSTIN is 27AAACA9472H3ZG (Maharashtra). The company holds 6 GST registrations, of which 3 are active.

The company has an authorised share capital of ₹20.1 Cr and a paid-up capital of ₹17.93 Cr. It was formerly known as Ashapura Volclay P Limited and Ashapura Volclay Limited. It is led by directors including Jayesh Arvindbhai Thakar (Whole-Time Director) and Chetan Krishna Mehra (Whole-Time Director).

Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Jeevan Udyog Bldg. 3rd Fl. 278 – D. N. Road Fort, Mumbai, Maharashtra, India – 400001.

As per the financials filed for FY 2025, the company reported a revenue of ₹433.43 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹45.66 Cr (net margin 10.5%) and EBITDA of ₹82.36 Cr (EBITDA margin 19%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 6% over five years.

The company has about 579 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary and 1 joint venture.

As per MCA filings, the company has open charges of ₹139.05 Cr and satisfied charges of ₹145.03 Cr on record. Court records list 25 cases involving the company, including 20 filed by the company and 6 filed against it; 5 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in May 2014. Its 7 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 4 smaller; the largest is Stahl India Private Limited with revenue of ₹484.63 Cr. The company has 16 MSME Form 1 returns on record between 2016 and 2023, listing 75 overdue payments to 21 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 aplgalleon.com.

Company details

CIN U14108MH1997PLC107300
Registration Number 107300
Incorporation Date 15 April 1997
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant

Name history

Ashapura Perfoclay has undergone 2 name changes throughout its history. The company was previously known as Ashapura Volclay P Limited, and Ashapura Volclay Limited. The current legal name is Ashapura Perfoclay Limited.

Company NameStatus
Ashapura Perfoclay LimitedCurrent
Ashapura Volclay P LimitedPrevious
Ashapura Volclay LimitedPrevious

CIN history

Ashapura Perfoclay has one previous CIN (Corporate Identification Number): U14108MH1997PTC107300. The current CIN is U14108MH1997PLC107300, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U14108MH1997PLC107300Current
U14108MH1997PTC107300Previous
Key People
Jayesh Arvindbhai Thakar Whole-Time Director Chetan Krishna Mehra Whole-Time Director Chaitali Nishit Salot Director

Recognitions & Rankings of Ashapura Perfoclay

Contact details

Ashapura Perfoclay Limited's registered office is in Mumbai, Maharashtra. Its website is aplgalleon.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    aplgalleon.com
  • Registered Address
    Jeevan Udyog Bldg. 3rd Fl. 278 – D. N. Road Fort, Mumbai, Maharashtra, India – 400001
  • Industry
    Chemicals and Materials, Industrial Chemicals

To see the full contact details of Ashapura Perfoclay Limited, buy the company report.

Comprehensive company report
Ashapura Perfoclay 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 activities of Ashapura Perfoclay are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and wholesale trading. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Ashapura Perfoclay Limited, buy the company report.

Financials of Ashapura Perfoclay Limited

FY 2024 filings available

Ashapura Perfoclay Limited reported revenue of ₹433.43 Cr (up 13% YoY) for FY 2025.

Revenue · FY 2025
₹433.43 Cr ▲ 13%
Net profit · FY 2025
₹45.66 Cr margin 10.5%
EBITDA · FY 2025
₹82.36 Cr margin 19%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 4%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 10%
5 years · compounded
▲ 5%

Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 13% growth in the latest year. EBITDA fell 6% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹82.36 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹45.66 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin19%
Net Profit Margin10.5%
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 Ashapura Perfoclay Limited, buy the company report.

Board of directors of Ashapura Perfoclay Limited

Ashapura Perfoclay has 6 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Chaitali Nishit Salot
Also directs: Manico Minerals International Private Limited, Gurbarga Trading Co Pvt Ltd, Minerva Management Consul-Tech Private Limited and 5 more
Director25 Apr 20197 Years 6 MonthsCurrent
Jayesh Arvindbhai Thakar
Also directs: Apl Valueclay Private Limited, Arkati Urja LLP
Whole-Time Director10 Feb 20206 Years 8 MonthsCurrent
Chetan Krishna Mehra
Also directs: Apl Valueclay Private Limited
Whole-Time Director24 Sep 201511 Years 1 MonthsCurrent
Harish Narendra Motiwalla
Also directs: Ashapura Industrial Finance Limited, Orient Ceratech Limited, Hitech Specialities Solutions Private Limited and 1 more
Director31 May 20197 Years 5 MonthsCurrent
Pundarik Sanyal
Also directs: Ashapura Industrial Finance Limited, Bombay Minerals Limited, Ashapura International Limited and 2 more
Director31 May 20197 Years 5 MonthsCurrent
Chetan Navnitlal Shah
Also directs: Aseem Mineral LLP, Ashapura Infraport LLP, Minotech Resources LLP and 5 more
Director10 Jul 20206 Years 3 MonthsCurrent
View all directors

Peer comparison

Ashapura Perfoclay Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Specialty 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Stahl India Private Limited₹484.63 Cr (FY 2025)6.0%Chennai, Tamil Nadu, India
Aarey Drugs and Pharmaceuticals Limited₹483.76 Cr (FY 2025)20.0%Thane, Maharashtra, India
Clariant India Private Limited₹465.24 Cr (FY 2025)2.0%Navi Mumbai, Maharashtra, India
Ashapura Perfoclay Limitedthis company₹433.43 Cr (FY 2025)₹45.66 Cr10.5%13.0%579Mumbai, Maharashtra, India
DMCC Speciality Chemicals Limited₹432.64 Cr (FY 2025)28.0%Mumbai, Maharashtra, India
Resil Chemicals Private Limited₹431.57 Cr (FY 2025)6.0%Bangalore, Karnataka, India
Piyanshu Chemicals Pvt Ltd₹414.6 Cr (FY 2025)2.0%Kolkata, West Bengal, India
Zydex Industries Private Limited₹407.81 Cr (FY 2025)6.0%Vadodara, Gujarat, India

To see the full peer comparison of Ashapura Perfoclay Limited, buy the company report.

Auditor

Ashapura Perfoclay Limited is audited by PARK & COMPANY for the financial year 2023.

Auditor firmFinancial yearFirm registration number
PARK & COMPANYFY 2023116825W

Shareholding

The shareholding of Ashapura Perfoclay 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Ashapura Perfoclay Limited, buy the company report.

Charges & borrowings

Open charges
₹139.05 Cr
Satisfied charges
₹145.03 Cr
Breakdown by lending institutions
Union Bank of India₹104.71 Cr
Others₹33.54 Cr
Hdfc Bank Limited₹0.66 Cr
Union Bank of India Limited₹0.14 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
31 Jul 2025101183597Others₹1.25 CrOpen
29 Jun 2024100957822Others₹28.75 LakhOpen
29 Apr 2024100925282Hdfc Bank Limited₹19.58 LakhOpen
02 Apr 2024100896682Hdfc Bank Limited₹11.17 LakhOpen
02 Apr 2024100896676Hdfc Bank Limited₹11.17 LakhOpen

To see the full charge records of Ashapura Perfoclay Limited, buy the company report.

Total charge records: 30 View all charges

Deals & funding

Ashapura Perfoclay Limited has 1 deal on record (1 secondary share transfer); the latest was in May 2014.

Total deals
1
Secondary share transfer
1

Deals on record (1 of 1)

WhenDealAmountParties
May 2014Secondary share transferUndisclosedBuyer: CIF AVL Investments Holdings Limited
Seller: Volclay International Corp

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Ashapura Perfoclay Limited was last rated by Icra on 31 Dec 2021.

Rating agencyRated onRating
Icra31 Dec 2021

To see the full credit ratings and regulatory alerts of Ashapura Perfoclay Limited, buy the company report.

MSME payment delays

Ashapura Perfoclay Limited has 16 MSME Form 1 returns on record between 2016 and 2023, listing 75 overdue payments to 21 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 21)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Staysafe Enviro Engineering Private Limited
an individual supplier
M V R Motors

To see the full MSME payment records of Ashapura Perfoclay Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Ashapura Perfoclay has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
1
Joint ventures
Key subsidiaries
Company NameCINShares held
Apl Valueclay Private LimitedU14100GJ2006PTC048632

To see the full group structure of Ashapura Perfoclay Limited, buy the company report.

Employees & EPFO

Ashapura Perfoclay Limited has a workforce of 579 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.

Employee count
579
Active EPFO establishments
2
Employee growth
-4.3%

GST

Ashapura Perfoclay has 6 GST registrations: 3 active and 3 cancelled or inactive.

Total GSTINs
6
Active
3
Cancelled / inactive
3
GSTINStateStatusRegistered on
27AAACA9472H3ZGMaharashtraActive04 Jul 2017
24AAACA9472H1ZOGujaratActive01 Jul 2017
26AAACA9472H1ZKDaman & DiuActive13 Jan 2024

To see the full GST registrations and return filing status of Ashapura Perfoclay Limited, buy the company report.

Recent activity

Ashapura Perfoclay Limited has 30 board changes on record since 2008: 6 appointments and 24 cessations. The latest: Leslie Steven Scheltens ceased to be Director on 24 Aug 2020.

Charges
A charge with Others amounted to Rs. 1.25 Cr with Charge ID 101183597 was registered on 31 Jul 2025.
AGM
Ashapura Perfoclay Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.29 Cr with Charge ID 100957822 was registered on 29 Jun 2024.
Charges
A charge registered on 24 May 2021 via Charge ID 100463817 with Hdfc Bank Limited was fully satisfied on 07 Jun 2024.
Charges
A charge registered on 24 May 2021 via Charge ID 100463815 with Hdfc Bank Limited was fully satisfied on 07 Jun 2024.
Charges
A charge registered on 24 May 2021 via Charge ID 100463811 with Hdfc Bank Limited was fully satisfied on 07 Jun 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100925282 was registered on 29 Apr 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.11 Cr with Charge ID 100896682 was registered on 02 Apr 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.11 Cr with Charge ID 100896676 was registered on 02 Apr 2024.
Filing
Ashapura Perfoclay Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.13 Cr with Charge ID 100759042 was registered on 03 Aug 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.11 Cr with Charge ID 100734117 was registered on 03 Jun 2023.

73 earlier events are in the company report.

News

Outcome of board meeting of Ashapura Minechem
12 Dec 2018 · Business Standard

Frequently asked questions

Ashapura Perfoclay is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 15 April 1997 (29+ years old) and is registered under CIN U14108MH1997PLC107300.

Ashapura Perfoclay has 6 current directors:

The latest financial statements of Ashapura Perfoclay on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Ashapura Perfoclay is 27AAACA9472H3ZG, registered in Maharashtra. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 24AAACA9472H1ZO (Gujarat), 26AAACA9472H1ZK (Daman & Diu).

The CIN (Corporate Identification Number) of Ashapura Perfoclay is U14108MH1997PLC107300. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ashapura Perfoclay has 25 court cases on record: 20 filed by the company and 6 filed against it. 5 are pending. Most are in the district courts.

Ashapura Perfoclay was incorporated on 15 April 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.

Ashapura Perfoclay has 1 deal on record (1 secondary share transfer); the latest was in May 2014.

The peers of Ashapura Perfoclay by revenue are Stahl India Private Limited, Aarey Drugs and Pharmaceuticals Limited, Clariant India Private Limited, DMCC Speciality Chemicals Limited, Resil Chemicals Private Limited and 2 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Leslie Steven Scheltens ceased to be Director on 24 Aug 2020. Chetan Navnitlal Shah was appointed as Director on 10 Jul 2020. Jayesh Arvindbhai Thakar was appointed as Whole-Time Director on 10 Feb 2020. Ashapura Perfoclay has 30 board changes on record in total.

Ashapura Perfoclay has 16 MSME Form 1 returns on record between 2016 and 2023, listing 75 overdue payments to 21 micro and small suppliers. The latest return was filed on 29 Aug 2023.

Ashapura Perfoclay can be reached through the website aplgalleon.com. Its registered office is in Mumbai, Maharashtra, India.