About B M G Chemicals Private Limited
Data last updated:
B M G Chemicals Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 25 September 1997.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1997PTC110888. Its GSTIN is 27AAACB4788R1ZV (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹21 Lakh. It is led by directors Mahesh Vadilal Gandhi (Managing Director) and Geeta Mahesh Gandhi (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 216 – A Gokul Arcadesubhas Road Vile Parle East, Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2024, the company reported a revenue of ₹155.2 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹18.14 Lakh (net margin 0.1%) and EBITDA of ₹56.41 Lakh (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 9% over five years.
The company is associated with 1 brand: BMG Chemicals. As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹2 Cr on record. Court records list 21 cases involving the company, including 21 filed against it; 19 cases are pending.
The last known website on record is bmgchemicals.com.
Company details
Contact details
B M G Chemicals Private Limited's registered office is in Mumbai, Maharashtra. Its website is bmgchemicals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address216 – A Gokul Arcadesubhas Road Vile Parle East, Mumbai, Maharashtra, India – 400057
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of B M G Chemicals 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
B M G Chemicals operates one associated brand: BMG Chemicals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides quality commodity and specialty chemicals through direct sales and distribution. | bmgchemicals.com |
Business activity
The main business activity of B M G Chemicals 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 B M G Chemicals Private Limited, buy the company report.
Financials of B M G Chemicals Private Limited
FY 2024 filings availableB M G Chemicals Private Limited reported revenue of ₹155.2 Cr (up 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 3% growth in the latest year. EBITDA rose 1% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹56.41 Lakh | ||||
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| Net Profit (PAT) | ₹18.14 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 0.4% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of B M G Chemicals Private Limited, buy the company report.
Board of directors of B M G Chemicals Private Limited
B M G Chemicals has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Vadilal Gandhi | Managing Director | 25 Sep 1997 | 29 Years 1 Months | As last reported |
| Geeta Mahesh Gandhi | Managing Director | 25 Sep 1997 | 29 Years 1 Months | As last reported |
Peer comparison
B M G Chemicals Private Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Chemical 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 |
|---|---|---|---|---|---|---|
| Truevalue Engineering Private Limited | ₹158.79 Cr (FY 2019) | -7.0% | Mumbai, Maharashtra, India | |||
| Nis Marketing Private Limited | ₹157.82 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| Sumangal Petrochemicals Private Limited | ₹157.57 Cr (FY 2025) | 14.0% | Sangli, Maharashtra, India | |||
| Exel Chemicals (India) Private Limited. | ₹156.12 Cr (FY 2025) | 60.0% | Ahmedabad, Gujarat, India | |||
| Nivedita Diam Private Limited | ₹156 Cr (FY 2021) | -61.0% | Mumbai, Maharashtra, India | |||
| B M G Chemicals Private Limitedthis company | ₹155.2 Cr (FY 2024) | ₹18.14 Lakh | 0.1% | 3.0% | Mumbai, Maharashtra, India | |
| Navyug Chemicals Private Limited | ₹153.47 Cr (FY 2025) | 30.0% | Mumbai, Maharashtra, India | |||
| Imkemex Marketing Private Limited | ₹153.39 Cr (FY 2024) | -3.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of B M G Chemicals Private Limited, buy the company report.
Auditor
B M G Chemicals Private Limited is audited by A V Mody & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A V Mody & Co LLP | FY 2023 | 117614W |
Shareholding
The shareholding of B M G Chemicals 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 B M G Chemicals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2013 | 10416891 | Yes Bank Limited | ₹2.5 Cr | Open | |
| 09 Aug 2012 | 10374039 | Yes Bank Limited | ₹2.5 Cr | Open | |
| 03 Jun 2008 | 10156043 | Icici Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of B M G Chemicals Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
B M G Chemicals Private Limited has 21 court cases on record: 21 filed against it. 19 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 17 | 16 |
| NCLAT | 4 | 4 | 3 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Chemical Corp Pvt. Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by Navjyot Chemicals and Commodities Pvt Ltd Through Mr Ketan Sheth Authorised Representative | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Witmans Industries Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Witmans Industries Private Limited | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Witmans Industries Pvt Ltd | Pending |
To see the full case history of B M G Chemicals 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
No delayed payments to MSME suppliers are on our record for B M G Chemicals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
B M G Chemicals has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB4788R1ZV | Maharashtra | Active | 01 Jul 2017 |
| 24AAACB4788R1Z1 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of B M G Chemicals Private Limited, buy the company report.
Recent activity
B M G Chemicals Private Limited has 2 board changes on record since 1997: 2 appointments. The latest: Geeta Mahesh Gandhi was appointed as Managing Director on 25 Sep 1997.
Frequently asked questions
B M G Chemicals is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
B M G Chemicals is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 25 September 1997 and is registered under CIN U24110MH1997PTC110888. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
B M G Chemicals has 2 current directors:
- Mahesh Vadilal Gandhi - Managing Director
- Geeta Mahesh Gandhi - Managing Director
The latest financial statements of B M G Chemicals on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of B M G Chemicals is U24110MH1997PTC110888. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
B M G Chemicals has open charges of ₹5 Cr and satisfied charges of ₹2 Cr as per latest MCA filings.
B M G Chemicals has 21 court cases on record: 21 filed against it. 19 are pending. Most are in the district courts.
B M G Chemicals was incorporated on 25 September 1997. It is registered with the Registrar of Companies, Mumbai.
The peers of B M G Chemicals by revenue are Truevalue Engineering Private Limited, Nis Marketing Private Limited, Sumangal Petrochemicals Private Limited, Exel Chemicals (India) Private Limited, Nivedita Diam Private Limited and 2 more, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading).
Geeta Mahesh Gandhi was appointed as Managing Director on 25 Sep 1997. Mahesh Vadilal Gandhi was appointed as Managing Director on 25 Sep 1997.
B M G Chemicals can be reached through the website bmgchemicals.com. Its registered office is in Mumbai, Maharashtra, India.
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