Banas Technochem Private Limited
About Banas Technochem Private Limited
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Banas Technochem Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the fertilizers and soil enhancers segment of the agriculture sector. It was incorporated on 13 September 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U11100MP1993PTC007866. Its GSTIN is 23AABCD3457A1ZB (Madhya Pradesh).
The company has an authorised share capital of ₹1.8 Cr and a paid-up capital of ₹1.79 Cr. It was formerly known as Dazzle Paints and Chemicals Pvt Ltd. It is led by directors Sushil Agarwal and Rakesh Agrawal.
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 24 – 25 Industrial Area Sector – III Pithampur, Indore, Madhya Pradesh, India – 454774.
As per the financials filed for FY 2023, the company reported a revenue of ₹13.5 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹1.07 Cr (net margin 7.9%) and EBITDA of ₹1.95 Cr (EBITDA margin 14.4%). Revenue has declined at a compounded annual rate (CAGR) of 2% over five years.
As per MCA filings, the company has open charges of ₹7 Cr and satisfied charges of ₹3.98 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Banas Technochem has one previous CIN (Corporate Identification Number): U02422MP1993PTC007866. The current CIN is U11100MP1993PTC007866, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U11100MP1993PTC007866 | Current |
| U02422MP1993PTC007866 | Previous |
Contact details
Banas Technochem Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address24 – 25 Industrial Area Sector – III Pithampur, Indore, Madhya Pradesh, India – 454774
- IndustryAgriculture, Fertilizers & Soil Enhancers
To see the full contact details of Banas Technochem 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
Financials of Banas Technochem Private Limited
FY 2025 filings availableBanas Technochem Private Limited reported revenue of ₹13.5 Cr (down 18% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 18% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Revenue | ₹13.5 Cr | ||||
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| EBITDA | ₹1.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.07 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.4% | ||||
| Net Profit Margin | 7.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Banas Technochem Private Limited, buy the company report.
Board of directors of Banas Technochem Private Limited
Banas Technochem has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushil Agarwal | Director | 01 Jul 2013 | 13 Years 3 Months | Current |
| Rakesh Agrawal | Director | 21 Jun 2023 | 3 Years 4 Months | Current |
Auditor
Banas Technochem Private Limited is audited by ATUL OMPRAKASH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ATUL OMPRAKASH & CO. | FY 2023 | 400977 |
Shareholding
The shareholding of Banas Technochem 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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Banas Technochem Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Feb 2025 | 101053203 | State Bank of India | ₹7 Cr | Open | |
| 04 Mar 2013 | 10412760 | Madhya Pradesh Financial Corporation | ₹1 Cr | Satisfied | |
| 18 Jun 2007 | 10061163 | Madhya Pradesh Financial Corporation | ₹1.25 Cr | Satisfied | |
| 21 Mar 2000 | 90208607 | Oriental Bank of Commerce | ₹1.4 Cr | Satisfied | |
| 21 Mar 2000 | 80034931 | Oriental Bank of Commerce | ₹33 Lakh | Satisfied |
To see the full charge records of Banas Technochem Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Banas Technochem Private 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 Banas Technochem Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Banas Technochem has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCD3457A1ZB | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Banas Technochem Private Limited, buy the company report.
Recent activity
Banas Technochem Private Limited has 10 board changes on record since 2007: 2 appointments and 8 cessations. The latest: Amrish Devda ceased to be Director on 21 Jun 2023.
12 earlier events are in the company report.
Frequently asked questions
Banas Technochem is an active private limited company based in Indore, Madhya Pradesh, India. The company works in fertilizers and soil enhancers, within the agriculture industry. It was incorporated on 13 September 1993 (33+ years old) and is registered under CIN U11100MP1993PTC007866.
Banas Technochem has 2 current directors:
- Sushil Agarwal - Director
- Rakesh Agrawal - Director
The latest financial statements of Banas Technochem 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 Banas Technochem is 23AABCD3457A1ZB, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Banas Technochem is U11100MP1993PTC007866. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Banas Technochem was incorporated on 13 September 1993, making it 33+ years old. It is registered with the Registrar of Companies, Gwalior.
Amrish Devda ceased to be Director on 21 Jun 2023. Rakesh Agrawal was appointed as Director on 21 Jun 2023. Mahendra Jashbhai Patel ceased to be Director on 01 Jul 2013. Banas Technochem has 10 board changes on record in total.
The registered office of Banas Technochem is at 24 – 25 Industrial Area Sector – III Pithampur, Indore, Madhya Pradesh, India – 454774.
Banas Technochem operates in the agriculture industry, in the fertilizers and soil enhancers segment.
Banas Technochem has open charges of ₹7 Cr and satisfied charges of ₹3.98 Cr as per latest MCA filings.