About Classic Solvents Pvt Ltd
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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 26 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.
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.
Company details
Contact details
Classic Solvents Pvt Ltd's registered office is in Mumbai, Maharashtra. Its website is classicsolvents.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address601 6th Floor 349 Business Point Western Express Highway Andheri (E), Mumbai, Maharashtra, India – 400069
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Classic Solvents Pvt Ltd, 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
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 |
Business activity
The main business activity of Classic Solvents is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Classic Solvents Pvt Ltd, buy the company report.
Financials of Classic Solvents Pvt Ltd
FY 2025 filings availableClassic Solvents Pvt Ltd reported revenue of ₹332.73 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹14.01 Cr | ||||
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| Net Profit (PAT) | ₹5.55 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 4.2% | ||||
| Net Profit Margin | 1.7% | ||||
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To see the full financial statements and ratios of Classic Solvents Pvt Ltd, buy the company report.
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 1 Months | Current |
| Krushn Dhiren Bhuta Also directs: Vasundhra Food Grains LLP, Bhuta Charitable Foundation | Director | 29 Sep 2017 | 9 Years 0 Months | Current |
Auditor
Classic Solvents Pvt Ltd is audited by J N M S & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J N M S & Associates LLP | FY 2023 | W10026 |
Shareholding
The shareholding of Classic Solvents Pvt Ltd 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Classic Solvents Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Nov 2024 | 101013023 | Yes Bank Limited | ₹19.5 Cr | Open | |
| 09 May 2024 | 100930771 | Others | ₹31.93 Lakh | Open | |
| 29 Apr 2022 | 100570433 | Axis Bank Limited | ₹54 Lakh | Open | |
| 30 Mar 2022 | 100573600 | Axis Bank Limited | ₹52.41 Cr | Open | |
| 25 Apr 2011 | 10286975 | Yes Bank Limited | ₹13 Cr | Satisfied |
To see the full charge records of Classic Solvents Pvt Ltd, buy the company report.
Total charge records: 15 View all charges
Deals & funding
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Classic Solvents Pvt Ltd has 29 court cases on record: 26 filed by Classic Solvents, 3 filed against it. 14 cases are pending and 15 are disposed.
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 | Interim or miscellaneous application | Filed by the company against Snowcem Paints Private Limited and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Killick Paints Private Limited and 6 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against JK Coil Coatings Pvt. Ltd. and 7 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Prince SWR Systems Private Limited and 3 others | Pending |
To see the full case history of Classic Solvents Pvt Ltd, 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.
Credit ratings & regulatory alerts
Classic Solvents Pvt Ltd was last rated by Icra on 25 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 25 Mar 2022 |
To see the full credit ratings and regulatory alerts of Classic Solvents Pvt Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Classic Solvents Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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 |
To see the full group structure of Classic Solvents Pvt Ltd, buy the company report.
Employees & EPFO
Classic Solvents Pvt Ltd has a workforce of 11 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Classic Solvents Pvt Ltd, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors:
- Dhiren Pranlal Bhuta - Managing Director
- Beena Dhiren Bhuta - Director
- Krushn Dhiren Bhuta - Director
The latest financial statements of Classic Solvents 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 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: 26 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.
Krushn Dhiren Bhuta was appointed as Director on 29 Sep 2017. Mukesh Pranlal Bhuta ceased to be Director on 01 May 2011. Mukesh Pranlal Bhuta was appointed as Director on 31 Jan 2007. Classic Solvents has 5 board changes on record in total.
Classic Solvents can be reached through the website classicsolvents.com. Its registered office is in Mumbai, Maharashtra, India.