About Classic Solvents Pvt Ltd
Data last updated:
Classic Solvents Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 13 September 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29120MH1984PTC034006. Its GSTIN is 27AAACC1703B1ZI (Maharashtra). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹65.02 Lakh. It is led by directors including Dhiren Pranlal Bhuta (Managing Director) and Beena Dhiren Bhuta.
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 601 6th Floor 349 Business Point Western Express Highway Andheri (E), Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2025, the company reported a revenue of ₹332.73 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹5.55 Cr (net margin 1.7%) and EBITDA of ₹14.01 Cr (EBITDA margin 4.2%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 14% over five years.
The company has about 11 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Classic Solvents. As per MCA filings, the company has open charges of ₹72.77 Cr and satisfied charges of ₹89.45 Cr on record. Court records list 29 cases involving the company, including 25 filed by the company and 3 filed against it; 14 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in October 2010. Its 10 peer companies in the Chemicals industry (Chemical Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Ram-Nath & Company Private Limited with revenue of ₹338.84 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website classicsolvents.com.
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- Website
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- Registered Address601 6th Floor 349 Business Point Western Express Highway Andheri (E), Mumbai, Maharashtra, India – 400069
- IndustryChemicals and Materials, Chemical Distribution & Retail
- 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
- One PDF report, delivered after checkout
Business Activity of Classic Solvents Pvt Ltd
The main business activity of Classic Solvents is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Classic Solvents Pvt Ltd FY 2025 filings available
Classic Solvents Pvt Ltd reported revenue of ₹332.73 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Classic Solvents Pvt Ltd
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. 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 of Classic Solvents Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹14.01 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.55 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 of Classic Solvents Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Classic Solvents are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Classic Solvents Pvt Ltd
Classic Solvents Pvt Ltd is compared with the companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ram-Nath & Company Private Limited | ₹338.84 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Chennai, Tamil Nadu, India |
| Afton Chemical India Private Limited | ₹335.42 Cr (FY 2022) | •••• | •••• | 0.0% | •••• | Hyderabad, Telangana, India |
| R Nandlal Sons Private Limited | ₹334.93 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Mumbai, Maharashtra, India |
| SSG Global Petro Private Limited | ₹334.82 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Bathinda, Punjab, India |
| Borochemie (India) Private Limited | ₹333.64 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Mumbai, Maharashtra, India |
| Classic Solvents Pvt Ltd this company | ₹332.73 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| A-1 Limited Listed | ₹331.98 Cr (FY 2025) | •••• | •••• | 56.0% | •••• | Ahmedabad, Gujarat, India |
| Abn Impex Private Limited | ₹329.11 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
| Gem Corpochem Private Limited | ₹323.62 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Aroma Organics Ltd | ₹321.24 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Thane, Maharashtra, India |
| HCG Distribution Private Limited | ₹321.06 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Classic Solvents by revenue in the Chemicals industry (Chemical Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Classic Solvents Pvt Ltd
Classic Solvents Pvt Ltd is audited by J N M S & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J N M S & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Classic Solvents Pvt Ltd
Classic Solvents has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Beena Dhiren Bhuta Also directs: Divine Titanium Private Limited, Bhuta Charitable Foundation | Director | 03 Sep 1995 | 31 Years 1 Months | Current |
| Dhiren Pranlal Bhuta Also directs: Masti Villa LLP, Vasundhra Food Grains LLP, Divine Titanium Private Limited and 3 more | Managing Director | 13 Sep 1984 | 42 Years 0 Months | Current |
| Krushn Dhiren Bhuta Also directs: Vasundhra Food Grains LLP, Bhuta Charitable Foundation | Director | 29 Sep 2017 | 9 Years 0 Months | Current |
Ownership and Shareholding of Classic Solvents Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Classic Solvents Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Nov 2024 | Yes Bank Limited | ₹19.5 Cr | Open |
| 09 May 2024 | Others | ₹31.93 Lakh | Open |
| 29 Apr 2022 | Axis Bank Limited | ₹54 Lakh | Open |
| 30 Mar 2022 | Axis Bank Limited | ₹52.41 Cr | Open |
| 25 Apr 2011 | Yes Bank Limited | ₹13 Cr | Satisfied |
Total charge records: 15 View all charges
Deals & Funding of Classic Solvents Pvt Ltd
Classic Solvents Pvt Ltd has 1 deal on record (1 secondary share transfer); the latest was in October 2010.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Classic Solvents Pvt Ltd
Classic Solvents Pvt Ltd has 29 court cases on record: 25 filed by Classic Solvents, 3 filed against it, 1 where it is another party. 14 cases are pending and 15 are disposed. Status as checked between 28 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 3 | 14 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Safe Climber Overseas Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrent Cases SW) | Filed by the company against Killick Paints Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrent Cases SW) | Filed by the company against Snowcem Paints Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Prince SWR Systems Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against JK Coil Coatings Private Limited | Pending |
Full case history
All 29 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Classic Solvents Pvt Ltd
Classic Solvents operates one associated brand: Classic Solvents. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive chemical solutions for the paints and coatings industry. | classicsolvents.com |
Employees and EPFO Compliance at Classic Solvents Pvt Ltd
Classic Solvents Pvt Ltd has a workforce of 11 employees as of Oct 09, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Classic Solvents Pvt Ltd
Classic Solvents has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Divine Titanium Private Limited | U17120MH2010PTC204509 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Classic Solvents Pvt Ltd
Classic Solvents Pvt Ltd has 5 board changes on record since 1984: 4 appointments and 1 cessation. The latest: Krushn Dhiren Bhuta was appointed as Director on 29 Sep 2017.
33 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Classic Solvents Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Classic Solvents Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Classic Solvents Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Classic Solvents Pvt Ltd
Classic Solvents has 7 GST registrations: 4 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC1703B1ZI | Maharashtra | Active | 01 Jul 2017 |
| 24AAACC1703B2ZN | Gujarat | Active | 01 Jul 2017 |
| 32AAACC1703B1ZR | Kerala | Active | 01 Jul 2017 |
| 33AAACC1703B1ZP | Tamil Nadu | Active | 01 Sep 2025 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Classic Solvents Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Classic Solvents Pvt Ltd
Classic Solvents is an active 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 13 September 1984 (42+ years old) and is registered under CIN U29120MH1984PTC034006.
Classic Solvents reported revenue of ₹332.73 Cr for FY 2025 (down 1% YoY).
Classic Solvents has 3 current directors:
- Dhiren Pranlal Bhuta - Managing Director
- Beena Dhiren Bhuta - Director
- Krushn Dhiren Bhuta - Director
Classic Solvents reported a net profit of ₹5.55 Cr (net margin 1.7%) and EBITDA of ₹14.01 Cr (EBITDA margin 4.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Classic Solvents is -1% over three years and 14% over five years. In the latest year (FY 2025) revenue fell 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Classic Solvents is 27AAACC1703B1ZI, registered in Maharashtra. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 24AAACC1703B2ZN (Gujarat), 32AAACC1703B1ZR (Kerala), 33AAACC1703B1ZP (Tamil Nadu).
The CIN (Corporate Identification Number) of Classic Solvents is U29120MH1984PTC034006. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Classic Solvents has 29 court cases on record: 25 filed by the company and 3 filed against it. 14 are pending. Most are in the district courts.
Classic Solvents was incorporated on 13 September 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Classic Solvents has 1 deal on record (1 secondary share transfer); the latest was in October 2010.
The peers of Classic Solvents by revenue are Ram-Nath & Company Private Limited, Afton Chemical India Private Limited, R Nandlal Sons Private Limited, SSG Global Petro Private Limited, Borochemie (India) Private Limited and 5 more, all in the Chemicals industry (Chemical Retail and Distribution).