About Azelis (India) Private Limited
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Azelis (India) Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Azelis Sa. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 15 March 1978 and has been in existence for over 48 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1978PTC093450. Its GSTIN is 27AADCM2921J1ZI (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹360 Cr and a paid-up capital of ₹269.07 Cr. It was formerly known as Marigold International Private Limited. It is led by directors including Aparna Lalit Khurana (Managing Director) and Carlo Ravera.
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 Navi Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹911.05 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹119.86 Cr (net margin 13.2%) and EBITDA of ₹212.05 Cr (EBITDA margin 23.3%). Revenue has grown at a compounded annual rate (CAGR) of 72% over three years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Azelis. As per MCA filings, the company has open charges of ₹2.19 Cr and satisfied charges of ₹59 Cr on record. Court records list 16 cases involving the company, including 14 filed by the company and 2 filed against it; 11 cases are pending. The company has 19 deals on record (11 funding rounds, 6 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹1,271.97 Cr; the latest was in April 2025. Its 5 peer companies in the Chemicals industry (Chemical Retail and Distribution, Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 3 larger and 2 smaller; the largest is Uma Exports Ltd with revenue of ₹1,736.13 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 108 overdue payments to 18 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 azelis.com.
Company details
Contact details
Azelis (India) Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is azelis.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 702 7th Floor Liberty Tower Plot No.K10 MIDC Kalwa Industrial Esta, Te Airoli, Navi Mumbai, Maharashtra, India – 400708
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Azelis (India) Private 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
Azelis (India) operates one associated brand: Azelis. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Speciality chemicals and food ingredients are manufactured and distributed globally. | azelis.com |
Business activity
The main business activity of Azelis (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Azelis (India) Private Limited, buy the company report.
Financials of Azelis (India) Private Limited
FY 2025 filings availableAzelis (India) Private Limited reported revenue of ₹911.05 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 72% over three years, including 21% growth in the latest year. EBITDA rose 44% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹911.05 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹212.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹119.86 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.3% | ||||
| Net Profit Margin | 13.2% | ||||
| 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 Azelis (India) Private Limited, buy the company report.
Board of directors of Azelis (India) Private Limited
Azelis (India) has 4 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Carlo Ravera Also directs: Ashapura Aromas Private Limited | Director | 20 Mar 2017 | 9 Years 7 Months | Current |
| Aparna Lalit Khurana | Managing Director | 01 Dec 2016 | 9 Years 10 Months | Current |
| Vivek Rama Pandey | Director | 27 Mar 2023 | 3 Years 6 Months | Current |
| Benoit Michel Marc Yvon Fritz Also directs: Ashapura Aromas Private Limited | Director | 30 Sep 2025 | 1 Years 0 Months | Current |
Peer comparison
Azelis (India) Private Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution, Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Uma Exports Ltd | ₹1,736.13 Cr (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| Discovery Alcobev Private Limited | ₹1,733.55 Cr (FY 2025) | 26.0% | New Delhi, Delhi, India | |||
| Sultania Trade Private Limited | ₹1,650.18 Cr (FY 2025) | 11.0% | Patna, Bihar, India | |||
| Aryann Chemical Trading Private Limited | ₹1,581.22 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| PJTJ Technologies Private Limited | ₹1,572.88 Cr (FY 2024) | 38.0% | Delhi, India | |||
| Azelis (India) Private Limitedthis company | ₹911.05 Cr (FY 2025) | ₹119.86 Cr | 13.2% | 21.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Azelis (India) Private Limited, buy the company report.
Auditor
Azelis (India) Private Limited is audited by MEHTA AND PARMAR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHTA AND PARMAR | FY 2023 | 106169W |
Shareholding
The shareholding of Azelis (India) 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Azelis (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2018 | 100159411 | The Hongkong and Shanghai Banking Corporation Limited | ₹2 Cr | Open | |
| 28 Jul 1983 | 90356533 | Dena Bank | ₹3 Lakh | Open | |
| 04 Feb 1982 | 90356529 | Dena Bank | ₹2.6 Lakh | Open | |
| 18 May 1979 | 90356522 | Dena Bank | ₹6 Lakh | Open | |
| 14 Apr 1979 | 90356521 | Dena Bank | ₹7.35 Lakh | Open |
To see the full charge records of Azelis (India) Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Azelis (India) Private Limited has 19 deals on record (11 funding rounds, 6 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹1,271.97 Cr; the latest was in April 2025.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Funding round | ₹219.6 Cr | Investors: an individual |
| Sep 2022 | Funding round | ₹337.92 Cr | Investors: an individual |
| May 2022 | Funding round | ₹204.35 Cr | Investors: an individual |
| Aug 2008 | Secondary share transfer | Undisclosed | Buyer: Azelis Benelux Nv, an individual Seller: Azelis Holdings S A, Milekha Texchem Company Private Limited , Sumil Trading Private Limited , an individual |
| Oct 2007 | Secondary share transfer | Undisclosed | Buyer: Azelis Holdings S A, an individual Seller: Milekha Texchem Company Private Limited , Shri Hap Chemical Enterprises Private Limited, Sumil Trading Private Limited |
To see the full deal history of Azelis (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
Azelis (India) Private Limited has 16 court cases on record: 14 filed by Azelis (India), 2 filed against it. 11 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 0 | 11 |
| High courts | 5 | 2 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against Styrax Life Sciences Private Limited and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Dat Industries Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against JK Coil Coatings Pvt Ltd and 3 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against Ms Laxmi Distributors Pvt Ltd and 3 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against Ms Laxmi Resins Products Pvt Ltd and 2 others | Pending |
To see the full case history of Azelis (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
Azelis (India) Private Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 108 overdue payments to 18 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 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kaizen India | |||
| Sensient India Private Limited | |||
| Fbo Consulting and Technical Services | |||
| Reema Transport Private Limited | |||
| Omkar Traders |
To see the full MSME payment records of Azelis (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Azelis (India) has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ashapura Aromas Private Limited | U24244MH2003PTC139985 |
To see the full group structure of Azelis (India) Private Limited, buy the company report.
GST
Azelis (India) has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM2921J1ZI | Maharashtra | Active | 01 Jul 2017 |
| 27AADCM2921J2ZH | Maharashtra | Active | 26 Mar 2025 |
| 09AADCM2921J1ZG | Uttar Pradesh | Active | 21 Aug 2022 |
| 33AADCM2921J1ZP | Tamil Nadu | Active | 17 Oct 2025 |
To see the full GST registrations and return filing status of Azelis (India) Private Limited, buy the company report.
Recent activity
Azelis (India) Private Limited has 26 board changes on record since 2007: 4 appointments and 22 cessations. The latest: Benoit Michel Marc Yvon Fritz was appointed as Director on 30 Sep 2025.
28 earlier events are in the company report.
News
Frequently asked questions
Azelis (India) is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 15 March 1978 (48+ years old) and is registered under CIN U99999MH1978PTC093450.
Azelis (India) has 4 current directors:
- Aparna Lalit Khurana - Managing Director
- Carlo Ravera - Director
- Vivek Rama Pandey - Director
- Benoit Michel Marc Yvon Fritz - Director
The latest financial statements of Azelis (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 Azelis (India) is 27AADCM2921J1ZI, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AADCM2921J2ZH (Maharashtra), 09AADCM2921J1ZG (Uttar Pradesh), 33AADCM2921J1ZP (Tamil Nadu).
The CIN (Corporate Identification Number) of Azelis (India) is U99999MH1978PTC093450. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azelis (India) has 16 court cases on record: 14 filed by the company and 2 filed against it. 11 are pending. Most are in the district courts.
Azelis (India) was incorporated on 15 March 1978, making it 48+ years old. It is registered with the Registrar of Companies, Mumbai.
Azelis (India) has 19 deals on record (11 funding rounds, 6 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹1,271.97 Cr; the latest was in April 2025.
The peers of Azelis (India) by revenue are Uma Exports Ltd, Discovery Alcobev Private Limited, Sultania Trade Private Limited, Aryann Chemical Trading Private Limited, PJTJ Technologies Private Limited, all in the Chemicals industry (Chemical Retail and Distribution, Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading).
Benoit Michel Marc Yvon Fritz was appointed as Director on 30 Sep 2025. Nazif Sertac Surur ceased to be Additional Director on 19 Dec 2023. Vivek Rama Pandey ceased to be Additional Director on 19 Dec 2023. Azelis (India) has 26 board changes on record in total.
Azelis (India) has 13 MSME Form 1 returns on record between 2019 and 2024, listing 108 overdue payments to 18 micro and small suppliers. The latest return was filed on 05 Jun 2024.
Azelis (India) can be reached through the website azelis.com. Its registered office is in Navi Mumbai, Maharashtra, India.