About Choksi Heraeus Private Limited
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Choksi Heraeus Private Limited is a private limited company based in Udaipur, Rajasthan, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 08 September 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U36911RJ1988PTC004625. Its GSTIN is 08AABCC1753G1ZX (Rajasthan). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Choksi Heraeus Limited and Choksi Multimetals Limited. It is led by directors including Kishor Choksi (Managing Director) and Shailesh Ravindra Choksi.
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 A – 195 – A – 196 – F – Road Mewar Industrial Area Madri., Udaipur, Rajasthan, India – 313003.
As per the financials filed for FY 2025, the company reported a revenue of ₹942.16 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹72.52 Cr (net margin 7.7%) and EBITDA of ₹104.8 Cr (EBITDA margin 11.1%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 32% over five years.
The company has about 248 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Choksi Heraeus. As per MCA filings, the company has open charges of ₹10.7 Cr on record. Court records list 14 cases involving the company, including 10 filed by the company and 4 filed against it; 2 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in May 2021. Its 4 peer companies in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 2 smaller; the largest is National Steel and Agro Industries Limited with revenue of ₹1,122.66 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 8 overdue payments to 8 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 choksiheraeus.com.
Company details
Name history
Choksi Heraeus has undergone 3 name changes throughout its history. The company was previously known as Choksi Heraeus Limited, Choksi Multimetals Limited, and Choksi Multimetals Private Limited. The current legal name is Choksi Heraeus Private Limited.
| Company Name | Status |
|---|---|
| Choksi Heraeus Private Limited | Current |
| Choksi Heraeus Limited | Previous |
| Choksi Multimetals Limited | Previous |
| Choksi Multimetals Private Limited | Previous |
Contact details
Choksi Heraeus Private Limited's registered office is in Udaipur, Rajasthan. Its website is choksiheraeus.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 195 – A – 196 – F – Road Mewar Industrial Area Madri., Udaipur, Rajasthan, India – 313003
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Choksi Heraeus 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
Choksi Heraeus operates one associated brand: Choksi Heraeus. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Precious metals manufacturing and services for industrial sectors. | choksiheraeus.com |
Business activity
The main business activity of Choksi Heraeus is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Choksi Heraeus Private Limited, buy the company report.
Financials of Choksi Heraeus Private Limited
FY 2024 filings availableChoksi Heraeus Private Limited reported revenue of ₹942.16 Cr (up 46% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 46% growth in the latest year. EBITDA rose 16% 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 |
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| Total Expenses | |||||
| EBITDA | ₹104.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹72.52 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.1% | ||||
| Net Profit Margin | 7.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Choksi Heraeus Private Limited, buy the company report.
Board of directors of Choksi Heraeus Private Limited
Choksi Heraeus has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shailesh Ravindra Choksi Also directs: Ravindra Heraeus Private Limited, Rishabhdev Propmart Private Limited, Intellect Financial Services Private Limited and 2 more | Director | 04 Jan 1993 | 33 Years 10 Months | Current |
| Steffen Metzger Also directs: Ravindra Heraeus Private Limited | Nominee Director | 18 Jul 2024 | 2 Years 3 Months | Current |
| Kishor Choksi Also directs: Ravindra Heraeus Private Limited, Rishabhdev Propmart Private Limited, Intellect Financial Services Private Limited and 1 more | Managing Director | 08 Sep 1988 | 38 Years 2 Months | Current |
| Ernst Marius Vigener Also directs: Ravindra Heraeus Private Limited | Nominee Director | 04 Sep 2025 | 1 Years 2 Months | Current |
Peer comparison
Choksi Heraeus Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| National Steel and Agro Industries Limited | ₹1,122.66 Cr (FY 2024) | 73.0% | Mumbai, Maharashtra, India | |||
| Mittal Appliances Limited | ₹954.79 Cr (FY 2025) | 31.0% | Indore, Madhya Pradesh, India | |||
| Choksi Heraeus Private Limitedthis company | ₹942.16 Cr (FY 2025) | ₹72.52 Cr | 7.7% | 46.0% | 248 | Udaipur, Rajasthan, India |
| Maini Precision Products Limited | ₹934.81 Cr (FY 2024) | 11.0% | Thane, Maharashtra, India | |||
| NSK Bearings India Private Limited | ₹926.36 Cr (FY 2025) | 8.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Choksi Heraeus Private Limited, buy the company report.
Auditor
Choksi Heraeus Private Limited is audited by B L Ajmera & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B L Ajmera & Co | FY 2023 | 001100C |
Shareholding
The shareholding of Choksi Heraeus 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 category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Choksi Heraeus Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2005 | 100235954 | Bank of Baroda | ₹10.7 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Choksi Heraeus Private Limited has 2 deals on record (2 secondary share transfers); the latest was in May 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Choksi Heraeus Private Limited has 14 court cases on record: 10 filed by Choksi Heraeus, 4 filed against it. 2 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 2 | 2 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, RAJASTHAN | Writ petition | Filed by the company against an individual | Pending |
| High Court | Writ petition | Filed by the company against State and Ors. | Pending |
| High Court | Court case (EXCIA) | Filed against the company by Union of India and 1 other | Disposed |
| District court, Central, Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Disposed |
To see the full case history of Choksi Heraeus 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
Choksi Heraeus Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 8 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Explore Watek Systems Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| U.C. Sethi & Associates Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Choksi Heraeus Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Choksi Heraeus Private Limited has a workforce of 248 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 248 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Choksi Heraeus Private Limited, buy the company report.
GST
Choksi Heraeus has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AABCC1753G1ZX | Rajasthan | Active | 01 Jul 2017 |
| 07AABCC1753G1ZZ | Delhi | Active | 01 Jul 2017 |
| 27AABCC1753G1ZX | Maharashtra | Active | 01 Jun 2020 |
To see the full GST registrations and return filing status of Choksi Heraeus Private Limited, buy the company report.
Recent activity
Choksi Heraeus Private Limited has 17 board changes on record since 1988: 5 appointments and 12 cessations. The latest: Ernst Marius Vigener was appointed as Nominee Director on 04 Sep 2025.
9 earlier events are in the company report.
Frequently asked questions
Choksi Heraeus is an active private limited company based in Udaipur, Rajasthan, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 08 September 1988 (38+ years old) and is registered under CIN U36911RJ1988PTC004625.
Choksi Heraeus has 4 current directors:
- Kishor Choksi - Managing Director
- Shailesh Ravindra Choksi - Director
- Steffen Metzger - Nominee Director
- Ernst Marius Vigener - Nominee Director
The latest financial statements of Choksi Heraeus 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 GSTIN of Choksi Heraeus is 08AABCC1753G1ZX, registered in Rajasthan. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 07AABCC1753G1ZZ (Delhi), 27AABCC1753G1ZX (Maharashtra).
The CIN (Corporate Identification Number) of Choksi Heraeus is U36911RJ1988PTC004625. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Choksi Heraeus has 14 court cases on record: 10 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
Choksi Heraeus was incorporated on 08 September 1988, making it 38+ years old. It is registered with the Registrar of Companies, Jaipur.
Choksi Heraeus has 2 deals on record (2 secondary share transfers); the latest was in May 2021.
The peers of Choksi Heraeus by revenue are National Steel and Agro Industries Limited, Mittal Appliances Limited, Maini Precision Products Limited, NSK Bearings India Private Limited, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).
Ernst Marius Vigener was appointed as Nominee Director on 04 Sep 2025. Stefan Staubach ceased to be Nominee Director on 12 Jun 2025. Stefan Staubach was appointed as Nominee Director on 12 Aug 2024. Choksi Heraeus has 17 board changes on record in total.
Choksi Heraeus has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 8 overdue payments to 8 micro and small suppliers. The latest return was filed on 26 Aug 2020.
Choksi Heraeus can be reached through the website choksiheraeus.com. Its registered office is in Udaipur, Rajasthan, India.
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