MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0146352
Ashland India Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹223.44 Cr
▲ 31% YoY
Net profit · FY 2025
₹7.17 Cr
Net margin 3.2%
EBITDA · FY 2025
₹18.92 Cr
EBITDA margin 8.5%
Authorised capital
₹143 Cr
Registered with MCA
Paid-up capital
₹98.65 Cr
Issued & subscribed
Company age
19 yrs
Est. 2007
Employees · EPFO
75
Provident fund records
Directors on board
2
As per MCA filings
About Ashland India Private Limited
Data last updated:
Ashland India Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Ashland Industries Europe Gmbh. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 19 July 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U82990MH2007FTC172506. Its GSTIN is 27AAGCA5023J1ZS (Maharashtra). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹143 Cr and a paid-up capital of ₹98.65 Cr. It is led by directors Saju Joseph (Managing Director) and Milind Chandrakant Mandlik (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 8th Floor R City Offices Above R City Mall Lbs Marg Ghatkopar West, Mumbai, Maharashtra, India – 400086.
As per the financials filed for FY 2025, the company reported a revenue of ₹223.44 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹7.17 Cr (net margin 3.2%) and EBITDA of ₹18.92 Cr (EBITDA margin 8.5%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 3% over five years.
The company has about 75 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ashland. Court records list 32 cases involving the company, including 25 filed by the company and 7 filed against it; 5 cases are pending. The company has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹70.97 Cr; the latest was in December 2023. The company has 21 MSME Form 1 returns on record between 2018 and 2023, listing 324 overdue payments to 37 micro and small suppliers.
Ashland India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0146352). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashland.com.
Company details
CIN U82990MH2007FTC172506
Registration Number 172506
Incorporation Date 19 July 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Ashland Industries Europe Gmbh
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0146352
CIN history
Ashland India has one previous CIN (Corporate Identification Number): U24100MH2007FTC172506. The current CIN is U82990MH2007FTC172506, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U82990MH2007FTC172506 | Current |
| U24100MH2007FTC172506 | Previous |
Recognitions & Rankings of Ashland India
Contact details
Ashland India Private Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered Address8th Floor R City Offices Above R City Mall Lbs Marg Ghatkopar West, Mumbai, Maharashtra, India – 400086
- IndustryChemicals and Materials, Industrial Chemicals
Comprehensive company report
Ashland India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Ashland India operates one associated brand: Ashland. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ashland is recognized for providing specialty chemicals and solutions. | ashland.com |
Business activity
The main business activities of Ashland India are trade and support service to organizations. In detail, this covers wholesale trading and other support services to organizations. 2 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 | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Ashland India Private Limited, buy the company report.
Financials of Ashland India Private Limited
FY 2025 filings availableAshland India Private Limited reported revenue of ₹223.44 Cr (up 31% YoY) for FY 2025.
Revenue · FY 2025
₹223.44 Cr ▲ 31%
Net profit · FY 2025
₹7.17 Cr margin 3.2%
EBITDA · FY 2025
₹18.92 Cr margin 8.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 31%
3 years · compounded
▲ 16%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 278%
3 years · compounded
▲ 71%
5 years · compounded
▼ 10%
Revenue rose 31% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 278% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹18.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.17 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.5% | ||||
| Net Profit Margin | 3.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Ashland India Private Limited, buy the company report.
Board of directors of Ashland India Private Limited
Ashland India has 2 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 |
|---|---|---|---|---|
| Milind Chandrakant Mandlik | Whole-Time Director | 08 Sep 2020 | 6 Years 1 Months | Current |
| Saju Joseph Also directs: International Specialty Products (India) Private Limited | Managing Director | 01 Feb 2024 | 2 Years 8 Months | Current |
Deals & funding
Ashland India Private Limited has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹70.97 Cr; the latest was in December 2023.
Total deals
7
Funding rounds
4
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹70.97 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Rights issue | ₹85 Cr | Investors: Ashland Industries Europe GmbH |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Ashland Industries Europe GmbH Seller: Ash Gibraltar Two GmBh |
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: Ash Gibraltar Two GmBh Seller: Ashland Holding B.V |
| Aug 2015 | Funding round | ₹19.5 Cr | Investors: Ashland Holding B.V |
| Sep 2014 | Funding round | ₹1.48 Cr | Investors: Ashland Holding B.V, East Bay Realty Service INC |
To see the full deal history of Ashland India 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
Ashland India Private Limited has 32 court cases on record: 25 filed by Ashland India, 7 filed against it. 5 cases are pending and 27 are disposed.
Total cases
32
Filed by the company
25
Filed against the company
7
Pending
5
Disposed
27
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 7 | 4 |
| High courts | 9 | 0 | 1 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Creative Quartz LLP and 4 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Sparkle Glass Pvt Ltd and 4 others | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against Pacific Pipe Systems Private Limited and 1 other | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against Fivebro International Pvt.Ltd. and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Balaji Fiber Reinforce Pvt. Ltd. and 4 others | Disposed |
To see the full case history of Ashland India 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.
MSME payment delays
Ashland India Private Limited has 21 MSME Form 1 returns on record between 2018 and 2023, listing 324 overdue payments to 37 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 37)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Hindustan Facilities Private Limited | |||
| an individual supplier | |||
| SMS Envoclean Private Limited |
To see the full MSME payment records of Ashland India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Ashland India has 7 GST registrations: 4 active and 3 cancelled or inactive.
Total GSTINs
7
Active
4
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCA5023J1ZS | Maharashtra | Active | 01 Jul 2017 |
| 06AAGCA5023J1ZW | Haryana | Active | 01 Jul 2017 |
| 24AAGCA5023J1ZY | Gujarat | Active | 01 Jul 2017 |
| 36AAGCA5023J1ZT | Telangana | Active | 13 Sep 2017 |
To see the full GST registrations and return filing status of Ashland India Private Limited, buy the company report.
Recent activity
Ashland India Private Limited has 21 board changes on record since 2009: 2 appointments and 19 cessations. The latest: Saju Joseph was appointed as Managing Director on 01 Feb 2024.
AGM
Ashland India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ashland India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Saju Joseph was appointed as Managing Director.
Ceased
Saju Joseph ceased to be Additional Director.
Ceased
Satish Kesari ceased to be Director.
Ceased
Santosh Sadanand Satam ceased to be Director.
Appointed
Milind Chandrakant Mandlik was appointed as Whole-Time Director.
Ceased
Milind Chandrakant Mandlik ceased to be Additional Director.
Ceased
Subbiah Ganesh ceased to be Additional Director.
Ceased
Shirish Digamber Daptardar ceased to be Additional Director.
Ceased
Sanjay Suresh Karkhanis ceased to be Managing Director.
Ceased
Nelson David Corda ceased to be Additional Director.
12 earlier events are in the company report.
News
Frequently asked questions
Ashland India is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 19 July 2007 (19+ years old) and is registered under CIN U82990MH2007FTC172506.
Ashland India has 2 current directors:
- Saju Joseph - Managing Director
- Milind Chandrakant Mandlik - Whole-Time Director
The latest financial statements of Ashland India 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 Ashland India is 27AAGCA5023J1ZS, registered in Maharashtra. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 06AAGCA5023J1ZW (Haryana), 24AAGCA5023J1ZY (Gujarat), 36AAGCA5023J1ZT (Telangana).
The CIN (Corporate Identification Number) of Ashland India is U82990MH2007FTC172506. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashland India has 32 court cases on record: 25 filed by the company and 7 filed against it. 5 are pending. Most are in the district courts.
Ashland India was incorporated on 19 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashland India has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹70.97 Cr; the latest was in December 2023.
Saju Joseph was appointed as Managing Director on 01 Feb 2024. Saju Joseph ceased to be Additional Director on 01 Feb 2024. Satish Kesari ceased to be Director on 25 Sep 2022. Ashland India has 21 board changes on record in total.
Yes, Ashland India is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0146352).
Ashland India has 21 MSME Form 1 returns on record between 2018 and 2023, listing 324 overdue payments to 37 micro and small suppliers. The latest return was filed on 18 Oct 2023.