About Comed Chemicals Limited
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Comed Chemicals Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 02 March 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1988PLC010415. Its GSTIN is 24AABCC0242N1ZY (Gujarat). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹12.17 Cr. It was formerly known as Comed Chemicals Private Limited. It is led by directors including Jaswinder Singh Sethi (Managing Director) and Satvinder Pal Kaur (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2nd Floor Sun Plaza – 1 Nr.Vadsar Bridge GIDC Road, Vadodara, Gujarat, India – 390010.
As per the financials filed for FY 2025, the company reported a revenue of ₹187.35 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹28.68 Cr (net margin 15.3%) and EBITDA of ₹46.42 Cr (EBITDA margin 24.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 5% over five years.
The company has about 901 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Comed Chemicals. As per MCA filings, the company has satisfied charges of ₹82.81 Cr on record. Court records list 116 cases involving the company, including 86 filed by the company and 30 filed against it; 18 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website comedchemicals.com.
Company details
CIN history
Comed Chemicals has one previous CIN (Corporate Identification Number): U24231GJ1988PTC010415. The current CIN is U24231GJ1988PLC010415, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24231GJ1988PLC010415 | Current |
| U24231GJ1988PTC010415 | Previous |
Contact details
Comed Chemicals Limited's registered office is in Vadodara, Gujarat. Its website is comedchemicals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor Sun Plaza – 1 Nr.Vadsar Bridge GIDC Road, Vadodara, Gujarat, India – 390010
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Comed Chemicals 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
Comed Chemicals operates one associated brand: Comed Chemicals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of pharmaceutical products such as capsules and tablets in India. | comedchemicals.com |
Business activity
The main business activity of Comed Chemicals is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Comed Chemicals Limited, buy the company report.
Financials of Comed Chemicals Limited
FY 2025 filings availableComed Chemicals Limited reported revenue of ₹187.35 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 12% growth in the latest year. EBITDA rose 20% 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 | ₹46.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹28.68 Cr | ||||
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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 | 24.8% | ||||
| Net Profit Margin | 15.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Comed Chemicals Limited, buy the company report.
Board of directors of Comed Chemicals Limited
Comed Chemicals has 7 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaswinder Singh Sethi | Managing Director | 06 Mar 1988 | 38 Years 8 Months | Current |
| Arvind Singh | Director | 01 Jun 2024 | 2 Years 5 Months | Current |
| Jashanjit Sethi | Director | 16 Oct 2020 | 6 Years 0 Months | Current |
| Mohanjeet Singh Syali | Director | 08 Dec 2020 | 5 Years 11 Months | Current |
| Satvinder Pal Kaur Also directs: Comed Bio-Tech Private Limited, Avi Impex Private Limited | Whole-Time Director | 09 Jan 2017 | 9 Years 10 Months | Current |
| Avneet Jaswinder Singh Sethi Also directs: Comed Bio-Tech Private Limited, Avi Impex Private Limited | Director | 16 Dec 2022 | 3 Years 10 Months | Current |
Peer comparison
Comed Chemicals Limited is compared with the 7 companies closest to it by revenue in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sriram Healthcare Private Limited | ₹192.28 Cr (FY 2025) | -8.0% | Kasauli, Himachal Pradesh, India | |||
| Parnax Lab Limited | ₹189.41 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Regenix Drugs Limited | ₹188.37 Cr (FY 2024) | 9.0% | Chennai, Tamil Nadu, India | |||
| Goldencross Pharma Limited | ₹187.87 Cr (FY 2025) | 31.0% | Mumbai, Maharashtra, India | |||
| Comed Chemicals Limitedthis company | ₹187.35 Cr (FY 2025) | ₹28.68 Cr | 15.3% | 12.0% | 901 | Vadodara, Gujarat, India |
| Mapra Laboratories Pvt Ltd | ₹184.45 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Naxpar Pharma Private Limited | ₹183.89 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Infutec Healthcare Limited | ₹183.11 Cr (FY 2021) | -22.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Comed Chemicals Limited, buy the company report.
Auditor
Comed Chemicals Limited is audited by Agarwal Alok & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Agarwal Alok & Associates | FY 2023 | 004364C |
Shareholding
The shareholding of Comed Chemicals 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 Comed Chemicals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2015 | 10556086 | Kotak Mahindra Prime Limited | ₹7.23 Lakh | Satisfied | |
| 29 Jan 2015 | 10555296 | Kotak Mahindra Prime Limited | ₹28.75 Lakh | Satisfied | |
| 13 Jun 2012 | 10361659 | Punjab National Bank | ₹15 Cr | Satisfied | |
| 13 Jun 2012 | 10361664 | Punjab National Bank | ₹15 Cr | Satisfied | |
| 24 Nov 2011 | 10323869 | Punjab National Bank | ₹2.46 Lakh | Satisfied |
To see the full charge records of Comed Chemicals Limited, buy the company report.
Total charge records: 15 View all charges
Legal cases
Comed Chemicals Limited has 116 court cases on record: 86 filed by Comed Chemicals, 30 filed against it. 18 cases are pending and 98 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 66 | 14 | 7 |
| High courts | 44 | 12 | 10 |
| Supreme Court | 3 | 1 | 0 |
| NCLT | 3 | 3 | 1 |
Cases on record (5 of 116)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against Sysmed Biotech Pvt.Ltd and 2 others | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against Gothic Pharmaceuticals Pvt.Ltd. and 1 other | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Madhya Gujarat Vij Company Limited and 2 others | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against SRS Pharmaceuticals Pvt.Ltd. | Pending |
| District court, Solan, Himachal Pradesh | Civil suit | Filed against the company by SRS Pharmaceuticals Pvt.Ltd. | Disposed |
To see the full case history of Comed Chemicals 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.
Credit ratings & regulatory alerts
Comed Chemicals Limited was last rated by Icra on 23 Jan 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 23 Jan 2015 |
To see the full credit ratings and regulatory alerts of Comed Chemicals Limited, buy the company report.
MSME payment delays
Comed Chemicals Limited has 9 MSME Form 1 returns on record between 2019 and 2022, listing 169 overdue payments to 31 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 31)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Scorro Pack Private Limited | |||
| Bio-Gen Extracts Private Limited | |||
| an individual supplier | |||
| Aadarsh Enterprise |
To see the full MSME payment records of Comed Chemicals Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Comed Chemicals has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
Employees & EPFO
Comed Chemicals Limited has a workforce of 901 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 901 |
| 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 Comed Chemicals Limited, buy the company report.
GST
Comed Chemicals has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCC0242N1ZY | Gujarat | Active | 01 Jul 2017 |
| 24AABCC0242N2ZX | Gujarat | Active | 04 Mar 2025 |
| 02AABCC0242N1Z4 | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Comed Chemicals Limited, buy the company report.
Recent activity
Comed Chemicals Limited has 14 board changes on record since 1988: 7 appointments and 7 cessations. The latest: Arvind Singh ceased to be Additional Director on 27 Sep 2024.
43 earlier events are in the company report.
Frequently asked questions
Comed Chemicals is an active public limited company based in Vadodara, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 02 March 1988 (38+ years old) and is registered under CIN U24231GJ1988PLC010415.
Comed Chemicals has 7 current directors:
- Jaswinder Singh Sethi - Managing Director
- Satvinder Pal Kaur - Whole-Time Director
- Arvind Singh - Director
- Jashanjit Sethi - Director
- Mohanjeet Singh Syali - Director
- Avneet Jaswinder Singh Sethi - Director
- Jagjeetsingh Gurdailsingh Channa - Director
The latest financial statements of Comed Chemicals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Comed Chemicals is 24AABCC0242N1ZY, registered in Gujarat. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 24AABCC0242N2ZX (Gujarat), 02AABCC0242N1Z4 (Himachal Pradesh).
The CIN (Corporate Identification Number) of Comed Chemicals is U24231GJ1988PLC010415. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Comed Chemicals has 116 court cases on record: 86 filed by the company and 30 filed against it. 18 are pending. Most are in the district courts.
Comed Chemicals was incorporated on 02 March 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Comed Chemicals by revenue are Sriram Healthcare Private Limited, Parnax Lab Limited, Regenix Drugs Limited, Goldencross Pharma Limited, Mapra Laboratories Pvt Ltd and 2 more, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Arvind Singh ceased to be Additional Director on 27 Sep 2024. Arvind Singh was appointed as Director on 01 Jun 2024. Subhashchander Desraj Bhatia ceased to be Director on 31 Mar 2024. Comed Chemicals has 14 board changes on record in total.
Comed Chemicals has 9 MSME Form 1 returns on record between 2019 and 2022, listing 169 overdue payments to 31 micro and small suppliers. The latest return was filed on 24 Oct 2022.
Comed Chemicals can be reached through the website comedchemicals.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Comed Chemicals is at 2nd Floor Sun Plaza – 1 Nr.Vadsar Bridge GIDC Road, Vadodara, Gujarat, India – 390010.
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