Associated Dyestuff Private Limited

Associated Dyestuff Private Limited - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U24119GJ2000PTC037659 Incorporated 29 March 2000 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company chemicals and materials MSME · Small
Data last updated
Revenue · FY 2025
₹82.85 Cr
▲ 26% YoY
Net profit · FY 2025
₹47.54 Lakh
Net margin 0.6%
EBITDA · FY 2025
₹5.65 Cr
EBITDA margin 6.8%
Authorised capital
₹80 Lakh
Registered with MCA
Paid-up capital
₹67.57 Lakh
Issued & subscribed
Open charges
₹130 Cr
Satisfied ₹21.75 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
35
Provident fund records

About Associated Dyestuff Private Limited

Data last updated:

Associated Dyestuff 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 29 March 2000 and has been in existence for over 26 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24119GJ2000PTC037659. Its GSTIN is 24AACCA4885C1ZX (Gujarat).

The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹67.57 Lakh. It is led by directors including Viral Hemendra Shah (Managing Director) and Vihaan Viral 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 Plot No. C1 66/9 Phase I G.I.D.C. Vatwa, Ahmedabad, Gujarat, India – 382445.

As per the financials filed for FY 2025, the company reported a revenue of ₹82.85 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹47.54 Lakh (net margin 0.6%) and EBITDA of ₹5.65 Cr (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.

The company has about 35 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Associated Dyestuff. As per MCA filings, the company has open charges of ₹130 Cr and satisfied charges of ₹21.75 Cr on record. Court records list 35 cases involving the company, including 9 filed by the company and 26 filed against it; 3 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2016. Its 7 peer companies in the Chemicals industry (Dyes and Pigments), 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 Raveshia Colours Private Limited with revenue of ₹90.81 Cr.

Associated Dyestuff Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0015296). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aicdyes.com.

Company details

CIN U24119GJ2000PTC037659
Registration Number 037659
Incorporation Date 29 March 2000
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 Small
Udyam Registration UDYAM-GJ-01-0015296
Key People
Viral Hemendra Shah Managing Director Vihaan Viral Shah Additional Director Sunilkumar Rajnath Singh Additional Director

Recognitions & Rankings of Associated Dyestuff

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-01-0015296

Contact details

Associated Dyestuff Private Limited's registered office is in Ahmedabad, Gujarat. Its website is aicdyes.com. Its e-mail address is in the company report.

  • Email
  • Website
    aicdyes.com
  • Social Media
  • Registered Address
    Plot No. C1 66/9 Phase I G.I.D.C. Vatwa, Ahmedabad, Gujarat, India – 382445
  • Industry
    Chemicals and Materials, Dyes & Pigments, Colorants

To see the full contact details of Associated Dyestuff Private Limited, buy the company report.

Comprehensive company report
Associated Dyestuff 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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Brands

Associated Dyestuff operates one associated brand: Associated Dyestuff. Each brand links to its own profile.

BrandDescriptionWebsite
Associated Dyestuff
Manufacturing of reactive dyes and dye-intermediates in India.aicdyes.com

Business activity

The main business activities of Associated Dyestuff 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 Associated Dyestuff Private Limited, buy the company report.

Financials of Associated Dyestuff Private Limited

FY 2025 filings available

Associated Dyestuff Private Limited reported revenue of ₹82.85 Cr (up 26% YoY) for FY 2025.

Revenue · FY 2025
₹82.85 Cr ▲ 26%
Net profit · FY 2025
₹47.54 Lakh margin 0.6%
EBITDA · FY 2025
₹5.65 Cr margin 6.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 3%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 48%
3 years · compounded
▼ 8%
5 years · compounded
▼ 9%

Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 26% growth in the latest year. EBITDA rose 48% 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₹5.65 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹47.54 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin6.8%
Net Profit Margin0.6%
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 Associated Dyestuff Private Limited, buy the company report.

Board of directors of Associated Dyestuff Private Limited

Associated Dyestuff has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Viral Hemendra Shah
Also directs: Viral Dyestuff Pvt Ltd, Associated Technologies Private Limited
Managing Director29 Mar 200026 Years 7 MonthsCurrent
Vihaan Viral ShahAdditional Director13 Jan 20260 Years 9 MonthsCurrent
Sunilkumar Rajnath SinghAdditional Director13 Jan 20260 Years 9 MonthsCurrent
Ashutosh ShuklaAdditional Director13 Jan 20260 Years 9 MonthsCurrent
View all directors

Peer comparison

Associated Dyestuff Private Limited is compared with the 7 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Raveshia Colours Private Limited₹90.81 Cr (FY 2024)11.0%Mumbai, Maharashtra, India
Mahickra Chemicals Limited₹90.78 Cr (FY 2025)22.0%Ahmedabad, Gujarat, India
Itdl Imagetec Limited₹86.97 Cr (FY 2017)15.0%New Delhi, Delhi, India
Associated Dyestuff Private Limitedthis company₹82.85 Cr (FY 2025)₹47.54 Lakh0.6%26.0%35Ahmedabad, Gujarat, India
C & E Limited₹82.65 Cr (FY 2025)-3.0%Kolkata, West Bengal, India
Deepak Chemtex Limited₹81.95 Cr (FY 2025)62.0%Ratnagiri, Maharashtra, India
K Patel Dye-Chem Industries Private Limited₹80.84 Cr (FY 2025)10.0%Mumbai, Maharashtra, India
Ushanti Colour Chem Limited₹79.52 Cr (FY 2025)53.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Associated Dyestuff Private Limited, buy the company report.

Auditor

Associated Dyestuff Private Limited is audited by N.M. NAGRI & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
N.M. NAGRI & CO.FY 2023106792W

Shareholding

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

To see the full shareholding pattern of Associated Dyestuff Private Limited, buy the company report.

Charges & borrowings

Open charges
₹130 Cr
Satisfied charges
₹21.75 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹130.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Feb 2017100083916Hdfc Bank Limited₹55.25 CrOpen
23 Jan 2017100075753Hdfc Bank Limited₹72.25 CrOpen
30 Sep 2016100063271Hdfc Bank Limited₹2.5 CrOpen
29 Jun 201510586189Axis Bank Limited₹3.5 CrSatisfied
19 Jul 200080004933Bank of Baroda₹18.25 CrSatisfied

To see the full charge records of Associated Dyestuff Private Limited, buy the company report.

Total charge records: 5 View all charges

Deals & funding

Associated Dyestuff Private Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2016.

Total deals
2
Secondary share transfers
2

Deals on record (2 of 2)

WhenDealAmountParties
Mar 2016Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Feb 2015Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Hemendrabhai R Shah Huf, Vishal H Shah Huf, 2 individuals

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

MSME payment delays

No delayed payments to MSME suppliers are on our record for Associated Dyestuff Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Associated Dyestuff Private Limited has a workforce of 35 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.

Employee count
35
Active EPFO establishments
1
Employee growth
-20.45%

GST

Associated Dyestuff has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AACCA4885C1ZXGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Associated Dyestuff Private Limited, buy the company report.

Recent activity

Associated Dyestuff Private Limited has 10 board changes on record since 2000: 7 appointments and 3 cessations. The latest: Anujaben Viralbhai Shah ceased to be Director on 13 Jan 2026.

Ceased
Anujaben Viralbhai Shah ceased to be Director.
Appointed
Ashutosh Shukla was appointed as Additional Director.
Appointed
Sunilkumar Rajnath Singh was appointed as Additional Director.
Appointed
Vihaan Viral Shah was appointed as Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 7,225.00 Lakh registered on 23 Jan 2017 with Charge ID 100075753 was modified on 31 Oct 2025.
AGM
Associated Dyestuff Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Associated Dyestuff Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 5,525.00 Lakh registered on 13 Feb 2017 with Charge ID 100083916 was modified on 03 Oct 2024.
Charges
A charge registered on 29 Jun 2015 via Charge ID 10586189 with Axis Bank Limited was fully satisfied on 06 Feb 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5,525.00 Lakh with Charge ID 100083916 was registered on 13 Feb 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 7,225.00 Lakh with Charge ID 100075753 was registered on 23 Jan 2017.
Charges
A charge registered on 19 Jul 2000 via Charge ID 80004933 with Bank Of Baroda was fully satisfied on 26 Dec 2016.

11 earlier events are in the company report.

Frequently asked questions

Associated Dyestuff 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 29 March 2000 (26+ years old) and is registered under CIN U24119GJ2000PTC037659.

Associated Dyestuff has 4 current directors:

The latest financial statements of Associated Dyestuff 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 Associated Dyestuff is 24AACCA4885C1ZX, registered in Gujarat.

The CIN (Corporate Identification Number) of Associated Dyestuff is U24119GJ2000PTC037659. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Associated Dyestuff has 35 court cases on record: 9 filed by the company and 26 filed against it. 3 are pending. Most are in the district courts.

Associated Dyestuff was incorporated on 29 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Associated Dyestuff has 2 deals on record (2 secondary share transfers); the latest was in March 2016.

The peers of Associated Dyestuff by revenue are Raveshia Colours Private Limited, Mahickra Chemicals Limited, Itdl Imagetec Limited, C & E Limited, Deepak Chemtex Limited and 2 more, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Anujaben Viralbhai Shah ceased to be Director on 13 Jan 2026. Ashutosh Shukla was appointed as Additional Director on 13 Jan 2026. Sunilkumar Rajnath Singh was appointed as Additional Director on 13 Jan 2026. Associated Dyestuff has 10 board changes on record in total.

Yes, Associated Dyestuff is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0015296).