MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0071069
Associated Colours Industries Private Limited - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.45 Cr
▼ 54% YoY
Net profit · FY 2024
₹7.56 Lakh
Net margin 3.1%
EBITDA · FY 2024
₹51.49 Lakh
EBITDA margin 21%
Authorised capital
₹2.2 Cr
Registered with MCA
Paid-up capital
₹2.2 Cr
Issued & subscribed
Open charges
₹2.5 Cr
Satisfied ₹14.56 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
1
Provident fund records
About Associated Colours Industries Private Limited
Data last updated:
Associated Colours Industries Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 17 January 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2012PTC068662. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2.2 Cr and a paid-up capital of ₹2.2 Cr. It is led by directors Shah Khushi Vishal and Vishal Hemendrabhai Shah.
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 A – 1/5 GIDC Phase – 1 Vatva, Ahmedabad, Gujarat, India – 382445.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.45 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net profit of ₹7.56 Lakh (net margin 3.1%) and EBITDA of ₹51.49 Lakh (EBITDA margin 21%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 20% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.5 Cr and satisfied charges of ₹14.56 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it.
Associated Colours Industries Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0071069). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website assocolours.com.
Company details
CIN U24100GJ2012PTC068662
Registration Number 068662
Incorporation Date 17 January 2012
ROC Ahmedabad
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 Micro
Udyam Registration UDYAM-GJ-01-0071069
Recognitions & Rankings of Associated Colours Industries
Contact details
Associated Colours Industries Private Limited's registered office is in Ahmedabad, Gujarat. Its website is assocolours.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressA – 1/5 GIDC Phase – 1 Vatva, Ahmedabad, Gujarat, India – 382445
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Associated Colours Industries Private Limited, buy the company report.
Comprehensive company report
Associated Colours Industries 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 Associated Colours Industries is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Associated Colours Industries Private Limited, buy the company report.
Financials of Associated Colours Industries Private Limited
FY 2025 filings availableAssociated Colours Industries Private Limited reported revenue of ₹2.45 Cr (down 54% YoY) for FY 2024.
Revenue · FY 2024
₹2.45 Cr ▼ 54%
Net profit · FY 2024
₹7.56 Lakh margin 3.1%
EBITDA · FY 2024
₹51.49 Lakh margin 21%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 54%
3 years · compounded
▼ 19%
5 years · compounded
▼ 20%
EBITDA CAGR growth
1 year
▲ 120%
3 years · compounded
▼ 15%
5 years · compounded
▼ 19%
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 54% fall in the latest year. EBITDA rose 120% 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 | ₹51.49 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.56 Lakh | ||||
| 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 | 21% | ||||
| Net Profit Margin | 3.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Associated Colours Industries Private Limited, buy the company report.
Board of directors of Associated Colours Industries Private Limited
Associated Colours Industries has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shah Khushi Vishal | Director | 19 Jan 2021 | 5 Years 9 Months | Current |
| Vishal Hemendrabhai Shah Also directs: Vishal Intermediates Pvt Ltd | Director | 17 Jan 2012 | 14 Years 9 Months | Current |
Peer comparison
Associated Colours Industries Private Limited is compared with the 4 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Deep Dyes and Intermediates Private Limited | ₹2.56 Cr (FY 2025) | 15.0% | Ahmedabad, Gujarat, India | |||
| Associated Colours Industries Private Limitedthis company | ₹2.45 Cr (FY 2024) | ₹7.56 Lakh | 3.1% | -54.0% | 1 | Ahmedabad, Gujarat, India |
| Uni Print O-Chem Pvt Ltd | ₹2.44 Cr (FY 2024) | 44.0% | Kolkata, West Bengal, India | |||
| Adc Dyes and Chemicals Private Limited | ₹2.42 Cr (FY 2025) | -7.0% | Uttar Pradesh, India | |||
| Krima Sil Pvt Ltd | ₹2.33 Cr (FY 2025) | -31.0% | Bharuch, Gujarat, India |
To see the full peer comparison of Associated Colours Industries Private Limited, buy the company report.
Auditor
Associated Colours Industries Private Limited is audited by KISHAN JOSHI & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KISHAN JOSHI & ASSOCIATES | FY 2020 | 146258W |
Shareholding
The shareholding of Associated Colours Industries Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Associated Colours Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.5 Cr
Satisfied charges
₹14.56 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2021 | 100506921 | Idbi Trusteeship Services Limited | ₹2.5 Cr | Open | |
| 23 Aug 2014 | 10517591 | The Bank of Baroda Limited | ₹14.56 Cr | Satisfied |
To see the full charge records of Associated Colours Industries Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Associated Colours Industries Private Limited has 8 court cases on record: 2 filed by Associated Colours Industries, 6 filed against it. All cases are disposed.
Total cases
8
Filed by the company
2
Filed against the company
6
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (EXE R) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by National Intermediates Corporation-Yogesh R Gupta | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against an individual | Disposed |
To see the full case history of Associated Colours Industries 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
No delayed payments to MSME suppliers are on our record for Associated Colours Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Associated Colours Industries Private Limited has a workforce of 1 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
Employee growth
-50%
GST
Associated Colours Industries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Associated Colours Industries Private Limited, buy the company report.
Recent activity
Associated Colours Industries Private Limited has 5 board changes on record since 2012: 2 appointments and 3 cessations. The latest: Manushi Vishal Shah ceased to be Additional Director on 03 Feb 2021.
AGM
Associated Colours Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Associated Colours Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 2.50 Cr with Charge ID 100506921 was registered on 29 Sep 2021.
Ceased
Manushi Vishal Shah ceased to be Additional Director.
Appointed
Shah Khushi Vishal was appointed as Director.
Charges
A charge registered on 23 Aug 2014 via Charge ID 10517591 with The Bank Of Baroda Limited was fully satisfied on 06 Apr 2019.
Charges
A charge with The Bank Of Baroda Limited of Rs. 14.56 Cr registered on 23 Aug 2014 with Charge ID 10517591 was modified on 24 Sep 2015.
Charges
A charge with The Bank Of Baroda Limited amounted to Rs. 14.56 Cr with Charge ID 10517591 was registered on 23 Aug 2014.
Ceased
Vidyaben Hemendra Shah ceased to be Director.
Ceased
Viral Hemendra Shah ceased to be Director.
Appointed
Vishal Hemendrabhai Shah was appointed as Director.
Incorporation
17 Jan 2012
Associated Colours Industries Private Limited was registered on 17 Jan 2012 with Roc Ahmedabad & aged 14 years 9 months as per MCA records.
Frequently asked questions
Associated Colours Industries is an active private limited company based in Ahmedabad, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 17 January 2012 (14+ years old) and is registered under CIN U24100GJ2012PTC068662.
Associated Colours Industries has 2 current directors:
- Shah Khushi Vishal - Director
- Vishal Hemendrabhai Shah - Director
The latest financial statements of Associated Colours Industries 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.
No. Associated Colours Industries has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Associated Colours Industries is U24100GJ2012PTC068662. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Associated Colours Industries has 8 court cases on record: 2 filed by the company and 6 filed against it. Most are in the district courts.
Associated Colours Industries was incorporated on 17 January 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Associated Colours Industries by revenue are Deep Dyes and Intermediates Private Limited, Uni Print O-Chem Pvt Ltd, Adc Dyes and Chemicals Private Limited, Krima Sil Pvt Ltd, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Manushi Vishal Shah ceased to be Additional Director on 03 Feb 2021. Shah Khushi Vishal was appointed as Director on 19 Jan 2021. Vidyaben Hemendra Shah ceased to be Director on 29 Sep 2012. Associated Colours Industries has 5 board changes on record in total.
Yes, Associated Colours Industries is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0071069).
Associated Colours Industries can be reached through the website assocolours.com. Its registered office is in Ahmedabad, Gujarat, India.
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