Chemspec Chemicals Private Limited

Chemspec Chemicals Private Limited - chemicals and materials in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U24114MH1975PTC018665 Incorporated 15 November 1975 ROC Mumbai HQ Navi Mumbai, Maharashtra, India
Active Private Limited Company chemicals and materials
Data last updated
Revenue · FY 2025
₹974.7 Cr
▲ 13.59% YoY
Net profit · FY 2025
₹135.36 Cr
Net margin 13.9%
EBITDA · FY 2025
₹192.15 Cr
EBITDA margin 19.7%
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹8.9 Cr
Issued & subscribed
Open charges
₹166.6 Cr
Satisfied ₹144.58 Cr
Company age
51 yrs
Est. 1975
Employees · EPFO
328
Provident fund records

About Chemspec Chemicals Private Limited

Data last updated:

Chemspec Chemicals Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 15 November 1975 and has been in existence for over 51 years.

Its director Jayant C Vora and family are #678 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24114MH1975PTC018665. Its GSTIN is 27AAACC3620K1ZV (Maharashtra).

The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹8.9 Cr. It is led by directors including Rushabh Jayant Vora (Managing Director) and Priya Vora Rushabh (Whole-Time Director).

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 Plot No. 3 – C MIDC Taloja Tal – Panvel Dist – Raigad, Navi Mumbai, Maharashtra, India – 410208.

As per the financials filed for FY 2025, the company reported a revenue of ₹974.7 Cr. For the same year it recorded a net profit of ₹135.36 Cr (net margin 13.9%) and EBITDA of ₹192.15 Cr (EBITDA margin 19.7%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 10% over five years.

The company has about 328 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹166.6 Cr and satisfied charges of ₹144.58 Cr on record. Court records list 25 cases involving the company, including 14 filed by the company and 11 filed against it; 7 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹11.32 Cr; the latest was in January 2023. Its 6 peer companies in the Chemicals industry (API Manufacturers, Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 1 smaller; the largest is Acutaas Chemicals Limited with revenue of ₹1,023.8 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 175 overdue payments to 77 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 chemspec.co.in.

Company details

CIN U24114MH1975PTC018665
Registration Number 018665
Incorporation Date 15 November 1975
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

CIN history

Chemspec Chemicals has one previous CIN (Corporate Identification Number): U24114MH1975PLC018665. The current CIN is U24114MH1975PTC018665, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U24114MH1975PTC018665Current
U24114MH1975PLC018665Previous
Key People
Rushabh Jayant Vora Managing Director Priya Vora Rushabh Whole-Time Director Jayant Vora Chhotalal Director

Recognitions & Rankings of Chemspec Chemicals

India's Richest People 2026 edition · 1 director · Source: Hurun India

Contact details

Chemspec Chemicals Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is chemspec.co.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    chemspec.co.in
  • Registered Address
    Plot No. 3 – C MIDC Taloja Tal – Panvel Dist – Raigad, Navi Mumbai, Maharashtra, India – 410208
  • Industry
    Chemicals and Materials, Industrial Chemicals

To see the full contact details of Chemspec Chemicals Private Limited, buy the company report.

Comprehensive company report
Chemspec Chemicals Private 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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Business activity

The main business activity of Chemspec Chemicals is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Chemspec Chemicals Private Limited, buy the company report.

Financials of Chemspec Chemicals Private Limited

FY 2025 filings available

Chemspec Chemicals Private Limited reported revenue of ₹974.7 Cr for FY 2025.

Revenue · FY 2025
₹974.7 Cr
Net profit · FY 2025
₹135.36 Cr margin 13.9%
EBITDA · FY 2025
₹192.15 Cr margin 19.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
3 years · compounded
▲ 19%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 23%
5 years · compounded
▲ 13%

Revenue has grown at a compounded annual rate (CAGR) of 10% over five years. EBITDA fell 4% 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹192.15 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹135.36 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin19.7%
Net Profit Margin13.9%
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 Chemspec Chemicals Private Limited, buy the company report.

Board of directors of Chemspec Chemicals Private Limited

Chemspec Chemicals has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jayant Vora ChhotalalDirector20 Dec 20223 Years 10 MonthsCurrent
Mitul Jayant Vora
Also directs: Bhaichand Amoluk Consultancy Services LLP, Healthindia Insurance Tpa Services Private Limited, Bsideu Services Private Limited and 1 more
Director01 Apr 199234 Years 7 MonthsCurrent
Rushabh Jayant Vora
Also directs: PVRV Tradecon LLP, Bhaichand Amoluk Consultancy Services LLP, Healthindia Insurance Tpa Services Private Limited and 3 more
Managing Director09 Aug 201016 Years 2 MonthsCurrent
Priya Vora Rushabh
Also directs: Ashish Products LLP, Derive Curates LLP, PVRV Tradecon LLP and 5 more
Whole-Time Director30 Mar 20215 Years 7 MonthsCurrent
Shruti Vora
Also directs: Graphitegtc Private Limited, MVRV Fintech Private Limited, Exult IT Services Private Limited and 5 more
Director20 Dec 20223 Years 10 MonthsCurrent
Shamrao Kisan AhireAdditional Director19 Aug 20251 Years 2 MonthsCurrent
View all directors

Peer comparison

Chemspec Chemicals Private Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (API Manufacturers, Industrial 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Acutaas Chemicals Limited₹1,023.8 Cr (FY 2025)41.0%Surat, Gujarat, India
Watson Pharma Private Limited₹1,019.98 Cr (FY 2025)-7.0%Mumbai, Maharashtra, India
Otsuka Chemical (India) Private Limited₹1,013.6 Cr (FY 2025)-5.0%New Delhi, Delhi, India
Agrocel Industries Private Limited₹990.54 Cr (FY 2025)6.0%Bhachau, Gujarat, India
Diversey India Hygiene Private Limited₹977.55 Cr (FY 2025)13.0%Mumbai, Maharashtra, India
Chemspec Chemicals Private Limitedthis company₹974.7 Cr (FY 2025)₹135.36 Cr13.9%328Navi Mumbai, Maharashtra, India
A.R. Stanchem Pvt. Ltd.₹929.24 Cr (FY 2025)26.0%Kolkata, West Bengal, India

To see the full peer comparison of Chemspec Chemicals Private Limited, buy the company report.

Auditor

Chemspec Chemicals Private Limited is audited by Singhi & Co. for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Singhi & Co.FY 2024302049E

Shareholding

The shareholding of Chemspec Chemicals Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Chemspec Chemicals Private Limited, buy the company report.

Charges & borrowings

Open charges
₹166.6 Cr
Satisfied charges
₹144.58 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹165.60 Cr
Others₹1.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
03 Oct 2023100798455Others₹1 CrOpen
28 Jul 201510592768Hdfc Bank Limited₹165.6 CrOpen
27 Jul 2018100202226Hdfc Bank Limited₹20 CrSatisfied
09 Nov 2017100137985Hdfc Bank Limited₹10 CrSatisfied
08 Apr 2016100022336Hdfc Bank Limited₹15 CrSatisfied

To see the full charge records of Chemspec Chemicals Private Limited, buy the company report.

Total charge records: 13 View all charges

Deals & funding

Chemspec Chemicals Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹11.32 Cr; the latest was in January 2023.

Total deals
5
Secondary share transfers
3
Funding rounds
2
Disclosed funding
₹11.32 Cr

Deals on record (5 of 5)

WhenDealAmountParties
Jan 2023Secondary share transferUndisclosedSeller: Bhaichand Amoluk Consultancy Services Private Limited , 3 individuals
Oct 2019Secondary share transferUndisclosedSeller: Nottinghill Finance Limited
Jul 2015Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Jayant C Vora (HUF)
Jun 2009Funding round₹10 CrInvestors: Nottinghill Finance Limited
Jun 2007Funding round₹1.32 CrInvestors: Bhaichand Amoluk Consultancy Services Private Limited

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

Credit ratings & regulatory alerts

Chemspec Chemicals Private Limited was last rated by Crisil on 06 Nov 2020.

Rating agencyRated onRating
Crisil06 Nov 2020

To see the full credit ratings and regulatory alerts of Chemspec Chemicals Private Limited, buy the company report.

MSME payment delays

Chemspec Chemicals Private Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 175 overdue payments to 77 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 77)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Chemspec Chemicals Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Chemspec Chemicals Private Limited has a workforce of 328 employees on its EPFO records as of May 31, 2025, across 1 active EPFO establishment.

Employee count
328
Active EPFO establishments
1
Employee growth
-18%

GST

Chemspec Chemicals has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACC3620K1ZVMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Chemspec Chemicals Private Limited, buy the company report.

Recent activity

Chemspec Chemicals Private Limited has 16 board changes on record since 1992: 8 appointments and 8 cessations. The latest: Shamrao Kisan Ahire was appointed as Additional Director on 19 Aug 2025.

AGM
Chemspec Chemicals Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Shamrao Kisan Ahire was appointed as Additional Director.
Filing
Chemspec Chemicals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Ripul Gouri was appointed as CFO.
Ceased
Mukeshkumar Kailashchandra Agrawal ceased to be CFO.
Ceased
Muruganandam Ganesan ceased to be Additional Director.
Appointed
Muruganandam Ganesan was appointed as Director.
Ceased
Arijit Bandyopadhyay ceased to be CFO.
Ceased
Navaneet Krishnan Konar ceased to be CFO.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100798455 was registered on 03 Oct 2023.
Ceased
Ashish Bhagwan Dagade ceased to be Additional Director.
Charges
A charge registered on 27 Jul 2018 via Charge ID 100202226 with Hdfc Bank Limited was fully satisfied on 18 Sep 2023.

34 earlier events are in the company report.

News

Frequently asked questions

Chemspec Chemicals is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 15 November 1975 (51+ years old) and is registered under CIN U24114MH1975PTC018665.

Chemspec Chemicals has 6 current directors:

The latest financial statements of Chemspec Chemicals 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 Chemspec Chemicals is 27AAACC3620K1ZV, registered in Maharashtra.

The CIN (Corporate Identification Number) of Chemspec Chemicals is U24114MH1975PTC018665. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Chemspec Chemicals has 25 court cases on record: 14 filed by the company and 11 filed against it. 7 are pending. Most are in the district courts.

Chemspec Chemicals was incorporated on 15 November 1975, making it 51+ years old. It is registered with the Registrar of Companies, Mumbai.

Chemspec Chemicals has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹11.32 Cr; the latest was in January 2023.

The peers of Chemspec Chemicals by revenue are Acutaas Chemicals Limited, Watson Pharma Private Limited, Otsuka Chemical (India) Private Limited, Agrocel Industries Private Limited, Diversey India Hygiene Private Limited and 1 more, all in the Chemicals industry (API Manufacturers, Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Shamrao Kisan Ahire was appointed as Additional Director on 19 Aug 2025. Ripul Gouri was appointed as CFO on 21 Dec 2024. Mukeshkumar Kailashchandra Agrawal ceased to be CFO on 09 Dec 2024. Chemspec Chemicals has 16 board changes on record in total.

Chemspec Chemicals has 9 MSME Form 1 returns on record between 2019 and 2024, listing 175 overdue payments to 77 micro and small suppliers. The latest return was filed on 03 May 2024.

Chemspec Chemicals can be reached through the website chemspec.co.in. Its registered office is in Navi Mumbai, Maharashtra, India.