About Atul Products Limited
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Atul Products Limited is a public limited company based in Atul, Gujarat, India, a subsidiary of Atul Limited. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 10 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24304GJ2020PLC117189. Its GSTIN is 24AAUCA1828K1ZD (Gujarat).
The company has an authorised share capital of ₹935.27 Cr and a paid-up capital of ₹846.22 Cr. It is led by directors including Sudhakara Shetty (Whole-Time Director) and Rajeev Kumar.
Its last annual general meeting (AGM) was held on 22 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at E – 7 East Site, Atul, Gujarat, India – 396020.
As per the financials filed for FY 2025, the company reported a revenue of ₹353.6 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹28.24 Cr (net margin -8%) and EBITDA of ₹96.62 Cr (EBITDA margin 27.3%).
The company has about 143 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Atul. As per MCA filings, the company has open charges of ₹275 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website atul.co.in.
Company details
Contact details
Atul Products Limited's registered office is in Atul, Gujarat. Its website is atul.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressE – 7 East Site, Atul, Gujarat, India – 396020
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Atul Products Limited, buy the company report.
- 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
Brands
Atul Products operates one associated brand: Atul. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fine chemicals are manufactured by Atul in Ahmedabad, India. | atul.co.in |
Business activity
The main business activity of Atul Products 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 Atul Products Limited, buy the company report.
Financials of Atul Products Limited
FY 2025 filings availableAtul Products Limited reported revenue of ₹353.6 Cr (up 440% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 440% in the latest year. EBITDA rose 809% 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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| EBITDA | ₹96.62 Cr | ||||
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| Net Profit (PAT) | -₹28.24 Cr | ||||
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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 | 27.3% | ||||
| Net Profit Margin | -8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Atul Products Limited, buy the company report.
Board of directors of Atul Products Limited
Atul Products has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Kumar Also directs: Amal Limited, Amal Speciality Chemicals Limited | Director | 05 Jan 2021 | 5 Years 10 Months | Current |
| Lalit Patni Also directs: Aaranyak Urmi Limited, Atul Natural Foods Limited, Atul Adhesives Private Limited and 5 more | Director | 10 Oct 2020 | 6 Years 1 Months | Current |
| Sudhakara Shetty | Whole-Time Director | 20 Sep 2023 | 3 Years 1 Months | Current |
| Bharatkumar Jagannath Joshi Also directs: Atul Adhesives Private Limited, Atul Crop Care Limited, Sehat Foods Limited and 5 more | Director | 05 Jan 2021 | 5 Years 10 Months | Current |
| Vivek Yeshwant Gadre Also directs: Atul Natural Foods Limited, Atul Natural Dyes Limited, Atul Renewable Energy Limited and 3 more | Director | 10 Oct 2020 | 6 Years 1 Months | Current |
Peer comparison
Atul Products Limited is compared with the 4 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Supreet Chemicals Limited | ₹369.15 Cr (FY 2025) | 52.0% | Pardi, Gujarat, India | |||
| Atul Products Limitedthis company | ₹353.6 Cr (FY 2025) | -₹28.24 Cr | -8% | 440.0% | 143 | Atul, Gujarat, India |
| Rajsha Chemicals Private Limited | ₹345.96 Cr (FY 2025) | 28.0% | Vadodara, Gujarat, India | |||
| Ask Chemicals India Private Limited | ₹340.31 Cr (FY 2025) | 4.0% | Pune, Maharashtra, India | |||
| Finar Limited | ₹331.49 Cr (FY 2023) | 16.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Atul Products Limited, buy the company report.
Auditor
Atul Products Limited is audited by B. R. Shah and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. R. Shah and Associates | FY 2023 | 129053W |
Shareholding
The shareholding of Atul Products Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Atul Products Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Oct 2023 | 100798944 | Hdfc Bank Limited | ₹125 Cr | Open | |
| 04 Sep 2023 | 100785056 | Others | ₹125 Cr | Open | |
| 04 Dec 2021 | 100514607 | Axis Bank Limited | ₹25 Cr | Open |
To see the full charge records of Atul Products Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Atul Products 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 Atul Products Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Atul Products Limited has a workforce of 143 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 143 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of Atul Products Limited, buy the company report.
GST
Atul Products has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAUCA1828K1ZD | Gujarat | Active | 18 Jan 2021 |
To see the full GST registrations and return filing status of Atul Products Limited, buy the company report.
Recent activity
Atul Products Limited has 10 board changes on record since 2020: 5 appointments and 5 cessations. The latest: Vasudev Venkateswararao Koppaka ceased to be Director on 30 Nov 2023.
5 earlier events are in the company report.
News
Frequently asked questions
Atul Products is an active public limited company based in Atul, Gujarat, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 10 October 2020 (6+ years old) and is registered under CIN U24304GJ2020PLC117189.
Atul Products has 5 current directors:
- Sudhakara Shetty - Whole-Time Director
- Rajeev Kumar - Director
- Lalit Patni - Director
- Bharatkumar Jagannath Joshi - Director
- Vivek Yeshwant Gadre - Director
The latest financial statements of Atul Products on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 August 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Atul Products is 24AAUCA1828K1ZD, registered in Gujarat.
The CIN (Corporate Identification Number) of Atul Products is U24304GJ2020PLC117189. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Atul Products was incorporated on 10 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Atul Products by revenue are Supreet Chemicals Limited, Rajsha Chemicals Private Limited, Ask Chemicals India Private Limited, Finar Limited, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Vasudev Venkateswararao Koppaka ceased to be Director on 30 Nov 2023. Sudhakara Shetty was appointed as Whole-Time Director on 20 Sep 2023. Sudhakara Shetty ceased to be Additional Director on 20 Sep 2023. Atul Products has 10 board changes on record in total.
Atul Products can be reached through the website atul.co.in. Its registered office is in Atul, Gujarat, India.
The registered office of Atul Products is at E – 7 East Site, Atul, Gujarat, India – 396020.
Atul Products operates in the energy and power industry, in the thermal power generation and plants segment.
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