Bhagat Aromatics Limited

Bhagat Aromatics Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U51900MH1989PTC053252 Incorporated 30 August 1989 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company chemicals and materials MSME · Small
Data last updated
Revenue · FY 2024
₹49.91 Cr
▼ 6% YoY
Net profit · FY 2024
₹59.69 Lakh
Net margin 1.2%
EBITDA · FY 2024
₹2.79 Cr
EBITDA margin 5.6%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.8 Cr
Issued & subscribed
Open charges
₹32.9 Cr
Satisfied ₹33.12 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
32
Provident fund records

About Bhagat Aromatics Limited

Data last updated:

Bhagat Aromatics Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the aromatics and benzene derivatives segment of the chemicals and materials sector. It was incorporated on 30 August 1989 and has been in existence for over 37 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1989PTC053252. Its GSTIN is 27AAACB4388H1ZK (Maharashtra). The company holds 6 GST registrations, of which 3 are active.

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.8 Cr. It was formerly known as Bhagat Impex Limited and Bhagat Impex Private Limited. It is led by directors including Praveen Laxminarayan Biyani and Yash Praveen Biyani.

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 406 4th Floor Rajshila Premises Co – Op. Soc. Ltd. J.S.S. Road Girgaum, Mumbai, Maharashtra, India – 400002.

As per the financials filed for FY 2024, the company reported a revenue of ₹49.91 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹59.69 Lakh (net margin 1.2%) and EBITDA of ₹2.79 Cr (EBITDA margin 5.6%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 5% over five years.

The company has about 32 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Bhagat Aromatics. As per MCA filings, the company has open charges of ₹32.9 Cr and satisfied charges of ₹33.12 Cr on record. Court records list 10 cases involving the company, including 6 filed by the company and 4 filed against it; 1 case is pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹4.47 Cr; the latest was in March 2019. Its 7 peer companies in the Chemicals industry (Aromatics), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 5 smaller; the largest is Shakambari Aromatics Private Limited with revenue of ₹52.72 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier.

Bhagat Aromatics Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-28-0002538). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mentholcrystals.com.

Company details

CIN U51900MH1989PTC053252
Registration Number 053252
Incorporation Date 30 August 1989
ROC Mumbai
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-UP-28-0002538

Name history

Bhagat Aromatics has undergone 2 name changes throughout its history. The company was previously known as Bhagat Impex Limited, and Bhagat Impex Private Limited. The current legal name is Bhagat Aromatics Limited.

Company NameStatus
Bhagat Aromatics LimitedCurrent
Bhagat Impex LimitedPrevious
Bhagat Impex Private LimitedPrevious
Key People
Praveen Laxminarayan Biyani Director Yash Praveen Biyani Director Preeti Praveen Biyani Director

Recognitions & Rankings of Bhagat Aromatics

MSME (Udyam registered) Ministry of MSME
Category
Small (2022-23)
Udyam number
UDYAM-UP-28-0002538

Contact details

Bhagat Aromatics Limited's registered office is in Mumbai, Maharashtra. Its website is mentholcrystals.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    mentholcrystals.com
  • Social Media
  • Registered Address
    406 4th Floor Rajshila Premises Co – Op. Soc. Ltd. J.S.S. Road Girgaum, Mumbai, Maharashtra, India – 400002
  • Industry
    Chemicals and Materials, Aromatics & Benzene Derivatives

To see the full contact details of Bhagat Aromatics Limited, buy the company report.

Comprehensive company report
Bhagat Aromatics 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

Bhagat Aromatics operates one associated brand: Bhagat Aromatics. Each brand links to its own profile.

BrandDescriptionWebsite
Bhagat Aromatics
Production of menthol, mint oils, and essential oils for pharmaceutical, food, and cosmetic industries.mentholcrystals.com

Business activity

The main business activities of Bhagat Aromatics are manufacturing and financial and insurance service. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and other financial activities. 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
KFinancial and insurance ServiceK8Other financial activities

To see the full business activity and turnover split of Bhagat Aromatics Limited, buy the company report.

Financials of Bhagat Aromatics Limited

FY 2025 filings available

Bhagat Aromatics Limited reported revenue of ₹49.91 Cr (down 6% YoY) for FY 2024.

Revenue · FY 2024
₹49.91 Cr ▼ 6%
Net profit · FY 2024
₹59.69 Lakh margin 1.2%
EBITDA · FY 2024
₹2.79 Cr margin 5.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▼ 9%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 14%
5 years · compounded
▲ 3%

Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 6% fall in the latest year. EBITDA rose 19% 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 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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₹2.79 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹59.69 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 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin5.6%
Net Profit Margin1.2%
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 Bhagat Aromatics Limited, buy the company report.

Board of directors of Bhagat Aromatics Limited

Bhagat Aromatics has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Praveen Laxminarayan Biyani
Also directs: Chartered Traders Private Limited
Director30 Aug 198937 Years 2 MonthsCurrent
Yash Praveen BiyaniDirector22 Jan 20188 Years 9 MonthsCurrent
Preeti Praveen Biyani
Also directs: Chartered Traders Private Limited
Director02 Mar 199828 Years 8 MonthsCurrent
View all directors

Peer comparison

Bhagat Aromatics Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Aromatics), 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
Shakambari Aromatics Private Limited₹52.72 Cr (FY 2025)109.0%Kolkata, West Bengal, India
U. K. Aromatics Private Limited₹50.32 Cr (FY 2024)36.0%Palghar, Maharashtra, India
Bhagat Aromatics Limitedthis company₹49.91 Cr (FY 2024)₹59.69 Lakh1.2%-6.0%32Mumbai, Maharashtra, India
Nova Cosmetics Private Limited₹49.64 Cr (FY 2024)-3.0%Ambernath, Maharashtra, India
Padmini Aromatics Private Limited₹49.29 Cr (FY 2024)39.0%Bangalore, Karnataka, India
Utkarshpine & Essential Oils Private Limited₹49.19 Cr (FY 2025)108.0%Rampur, Uttar Pradesh, India
Orris Technical Services Private Limited₹48.37 Cr (FY 2024)71.0%Palghar, Maharashtra, India
European Flavours and Fragrances Private Limited₹47.4 Cr (FY 2025)13.0%Chennai, Tamil Nadu, India

To see the full peer comparison of Bhagat Aromatics Limited, buy the company report.

Auditor

Bhagat Aromatics Limited is audited by MAHESH SABOO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
MAHESH SABOOFY 2023035914

Shareholding

The shareholding of Bhagat Aromatics 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 Bhagat Aromatics Limited, buy the company report.

Charges & borrowings

Open charges
₹32.9 Cr
Satisfied charges
₹33.12 Cr
Breakdown by lending institutions
Others₹23.89 Cr
Bank of India₹5.00 Cr
Tata Capital Housing Finance Limited₹2.86 Cr
Future Capital Financial Services Limited₹0.75 Cr
Hdfc Bank Limited₹0.40 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
06 Jan 2025101065677Tata Capital Housing Finance Limited₹2.86 CrOpen
15 Jan 2024100856212Bank of India₹5 CrOpen
28 Nov 2023100850158Others₹23.89 CrOpen
12 Sep 2022100689737Hdfc Bank Limited₹40 LakhOpen
20 Aug 201010236259Future Capital Financial Services Limited₹75 LakhOpen

To see the full charge records of Bhagat Aromatics Limited, buy the company report.

Total charge records: 11 View all charges

Deals & funding

Bhagat Aromatics Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹4.47 Cr; the latest was in March 2019.

Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹4.47 Cr

Deals on record (4 of 4)

WhenDealAmountParties
Mar 2019Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Oct 2011Funding round₹2.17 CrInvestors: Chartered Traders Private Limited , an individual
Jan 2008Funding round₹2.3 CrInvestors: 3 individuals
Feb 2007Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Laxmi Narayan HUF, an individual

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

Credit ratings & regulatory alerts

Bhagat Aromatics Limited was last rated by Crisil on 28 Nov 2020.

Rating agencyRated onRating
Crisil28 Nov 2020

To see the full credit ratings and regulatory alerts of Bhagat Aromatics Limited, buy the company report.

MSME payment delays

Bhagat Aromatics Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)

SupplierAmount dueDue sinceReported on
an individual supplier

To see the full MSME payment records of Bhagat Aromatics Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Bhagat Aromatics Limited has a workforce of 32 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.

Employee count
32
Active EPFO establishments
1
Employee growth
10.34%

GST

Bhagat Aromatics has 6 GST registrations: 3 active and 3 cancelled or inactive.

Total GSTINs
6
Active
3
Cancelled / inactive
3
GSTINStateStatusRegistered on
27AAACB4388H1ZKMaharashtraActive01 Jul 2017
07AAACB4388H1ZMDelhiActive01 Jul 2017
09AAACB4388H2ZHUttar PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Bhagat Aromatics Limited, buy the company report.

Recent activity

Bhagat Aromatics Limited has 4 board changes on record since 1989: 3 appointments and 1 cessation. The latest: Sitadevi Laxminarayan Biyani ceased to be Director on 19 Feb 2018.

AGM
Bhagat Aromatics Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Bhagat Aromatics Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Tata Capital Housing Finance Limited amounted to Rs. 2.86 Cr with Charge ID 101065677 was registered on 06 Jan 2025.
Charges
A charge with Others of Rs. 23.89 Cr registered on 28 Nov 2023 with Charge ID 100850158 was modified on 05 Apr 2024.
Charges
A charge registered on 15 Jul 1992 via Charge ID 90236966 with State Bank Of India was fully satisfied on 28 Mar 2024.
Charges
A charge registered on 08 Jan 1992 via Charge ID 90236943 with State Bank Of India was fully satisfied on 28 Mar 2024.
Charges
A charge registered on 08 Jan 1992 via Charge ID 80001792 with State Bank Of India was fully satisfied on 28 Mar 2024.
Charges
A charge registered on 02 Jan 2022 via Charge ID 100578958 with Others was fully satisfied on 18 Mar 2024.
Charges
A charge with Bank Of India amounted to Rs. 5.00 Cr with Charge ID 100856212 was registered on 15 Jan 2024.
Charges
A charge with Others amounted to Rs. 23.89 Cr with Charge ID 100850158 was registered on 28 Nov 2023.
Charges
A charge registered on 23 Aug 2018 via Charge ID 100222665 with Standard Chartered Bank was fully satisfied on 20 Apr 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.40 Cr with Charge ID 100689737 was registered on 12 Sep 2022.

16 earlier events are in the company report.

News

Frequently asked questions

Bhagat Aromatics is an active private limited company based in Mumbai, Maharashtra, India. The company works in aromatics and benzene derivatives, within the chemicals and materials industry. It was incorporated on 30 August 1989 (37+ years old) and is registered under CIN U51900MH1989PTC053252.

Bhagat Aromatics has 3 current directors:

The latest financial statements of Bhagat Aromatics 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 Bhagat Aromatics is 27AAACB4388H1ZK, registered in Maharashtra. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 07AAACB4388H1ZM (Delhi), 09AAACB4388H2ZH (Uttar Pradesh).

The CIN (Corporate Identification Number) of Bhagat Aromatics is U51900MH1989PTC053252. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Bhagat Aromatics has 10 court cases on record: 6 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.

Bhagat Aromatics was incorporated on 30 August 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.

Bhagat Aromatics has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹4.47 Cr; the latest was in March 2019.

The peers of Bhagat Aromatics by revenue are Shakambari Aromatics Private Limited, U. K. Aromatics Private Limited, Nova Cosmetics Private Limited, Padmini Aromatics Private Limited, Utkarshpine & Essential Oils Private Limited and 2 more, all in the Chemicals industry (Aromatics), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Sitadevi Laxminarayan Biyani ceased to be Director on 19 Feb 2018. Yash Praveen Biyani was appointed as Director on 22 Jan 2018. Preeti Praveen Biyani was appointed as Director on 02 Mar 1998. Bhagat Aromatics has 4 board changes on record in total.

Yes, Bhagat Aromatics is registered as a small enterprise under Udyam registration (number: UDYAM-UP-28-0002538).

Bhagat Aromatics has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 01 Jun 2019.