MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0010888
Comet Performance Chemicals Private Limited - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹72.52 Cr
▲ 44% YoY
Net profit · FY 2025
₹3.8 Cr
Net margin 5.2%
EBITDA · FY 2025
₹7.58 Cr
EBITDA margin 10.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹22.9 Cr
Satisfied ₹4 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
19
Provident fund records
About Comet Performance Chemicals Private Limited
Data last updated:
Comet Performance Chemicals Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 14 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24304GJ2016PTC094087. Its GSTIN is 24AAGCC7158Q1Z2 (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Arpan Rajkumar Gupta and Rohan Rajkumar Gupta.
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 Fp Redflag Business Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹72.52 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹3.8 Cr (net margin 5.2%) and EBITDA of ₹7.58 Cr (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 16% over five years.
The company has about 19 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Cometchemicals and Comet Performance Chemicals. As per MCA filings, the company has open charges of ₹22.9 Cr and satisfied charges of ₹4 Cr on record. Court records list 30 cases involving the company, including 28 filed by the company and 2 filed against it; 9 cases are pending. The company has 1 deal on record (1 rights issue); the latest was in March 2018. Its 6 peer companies in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 3 smaller; the largest is West Bengal Chemical Industries Ltd. with revenue of ₹73.53 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 14 overdue payments to 11 micro and small suppliers.
Comet Performance Chemicals Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0010888). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cometchemicals.in.
Company details
CIN U24304GJ2016PTC094087
Registration Number 094087
Incorporation Date 14 October 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0010888
Key People
Arpan Rajkumar Gupta Director Rohan Rajkumar Gupta Director Nandini Arpanbhai Gupta Director Recognitions & Rankings of Comet Performance Chemicals
Contact details
Comet Performance Chemicals Private Limited's registered office is in Ahmedabad, Gujarat. Its website is cometchemicals.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSub Plot No – 1 Ff Sur No. – 165 Tp – Fp Redflag Business Park – 2, Near Khengarbhais Vav Near Motipura Chokdi Shahwadi Narol, Ahmedabad, Gujarat, India – 382405
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Comet Performance Chemicals Private Limited, buy the company report.
Comprehensive company report
Comet Performance 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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Brands
Comet Performance Chemicals operates two associated brands: Cometchemicals and Comet Performance Chemicals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality dyes, chemicals, and textile auxiliaries for various industries. | cometgroup.in | |
| Manufactures and trades chemicals for textiles, water treatment, and construction industries. | cometchemicals.in |
Business activity
The main business activity of Comet Performance 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 Comet Performance Chemicals Private Limited, buy the company report.
Financials of Comet Performance Chemicals Private Limited
FY 2024 filings availableComet Performance Chemicals Private Limited reported revenue of ₹72.52 Cr (up 44% YoY) for FY 2025.
Revenue · FY 2025
₹72.52 Cr ▲ 44%
Net profit · FY 2025
₹3.8 Cr margin 5.2%
EBITDA · FY 2025
₹7.58 Cr margin 10.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 44%
3 years · compounded
▼ 1%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 87%
3 years · compounded
▲ 27%
5 years · compounded
▲ 29%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 44% growth in the latest year. EBITDA rose 87% 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 | ₹7.58 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.8 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 | 10.5% | ||||
| Net Profit Margin | 5.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Comet Performance Chemicals Private Limited, buy the company report.
Board of directors of Comet Performance Chemicals Private Limited
Comet Performance Chemicals has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arpan Rajkumar Gupta Also directs: Comet Communications Private Limited, Comet Global Private Limited, Jay Infrabuildcon LLP and 5 more | Director | 14 Oct 2016 | 10 Years 0 Months | Current |
| Rohan Rajkumar Gupta Also directs: Comet Communications Private Limited, Comet Global Private Limited | Director | 14 Oct 2016 | 10 Years 0 Months | Current |
| Nandini Arpanbhai Gupta | Director | 14 Oct 2016 | 10 Years 0 Months | Current |
| Yogita Rohan Gupta | Director | 14 Oct 2016 | 10 Years 0 Months | Current |
Peer comparison
Comet Performance Chemicals Private Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| West Bengal Chemical Industries Ltd. | ₹73.53 Cr (FY 2025) | 32.0% | Kolkata, West Bengal, India | |||
| Demech Chemical Products Private Limited | ₹73 Cr (FY 2025) | 7.0% | Pune, Maharashtra, India | |||
| Revex Polymers Private Limited | ₹72.98 Cr (FY 2017) | 8.0% | New Delhi, Delhi, India | |||
| Comet Performance Chemicals Private Limitedthis company | ₹72.52 Cr (FY 2025) | ₹3.8 Cr | 5.2% | 44.0% | 19 | Ahmedabad, Gujarat, India |
| RJMS Lab Private Limited | ₹71.94 Cr (FY 2025) | 105.0% | Vasai, Maharashtra, India | |||
| Titan Paints Private Limited | ₹71.88 Cr (FY 2025) | -5.0% | Coimbatore, Tamil Nadu, India | |||
| Mehk Chemicals Pvt Ltd | ₹71.3 Cr (FY 2025) | 13.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Comet Performance Chemicals Private Limited, buy the company report.
Auditor
Comet Performance Chemicals Private Limited is audited by M.S.CHHAJED & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.S.CHHAJED & CO. | FY 2023 | 101799W |
Shareholding
The shareholding of Comet Performance Chemicals Private Limited 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Comet Performance Chemicals Private Limited, buy the company report.
Charges & borrowings
Open charges
₹22.9 Cr
Satisfied charges
₹4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Oct 2022 | 100622710 | Others | ₹14 Cr | Open | |
| 17 Oct 2022 | 100623213 | Others | ₹1.4 Cr | Open | |
| 10 Jan 2020 | 100317221 | Hdfc Bank Limited | ₹7.5 Cr | Open | |
| 25 Feb 2019 | 100251454 | Others | ₹4 Cr | Satisfied |
To see the full charge records of Comet Performance Chemicals Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Comet Performance Chemicals Private Limited has 1 deal on record (1 rights issue); the latest was in March 2018.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Rights issue | ₹40 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Comet Performance Chemicals Private Limited has 30 court cases on record: 28 filed by Comet Performance Chemicals, 2 filed against it. 9 cases are pending and 21 are disposed.
Total cases
30
Filed by the company
28
Filed against the company
2
Pending
9
Disposed
21
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 2 | 9 |
| NCLAT | 4 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Rakesh Sarawagi Director of Cubatics Prrocessors India Pvt Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Aarvee Denims and Exports Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Aarvee Denims and Exports Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Aarvee Denims and Exports Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by Shree Radheshyam Trading Company Through Its Partner Riteshkumar Bharakumar Patel | Pending |
To see the full case history of Comet Performance Chemicals 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
Comet Performance Chemicals Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 14 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Proklean Technologies Private Limited | |||
| Prem Color Chem Private Limited | |||
| Neochem Bio Solutions Limited |
To see the full MSME payment records of Comet Performance Chemicals Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Comet Performance Chemicals Private Limited has a workforce of 19 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
19
Active EPFO establishments
1
Employee growth
46.15%
GST
Comet Performance Chemicals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCC7158Q1Z2 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Comet Performance Chemicals Private Limited, buy the company report.
Recent activity
Comet Performance Chemicals Private Limited has 4 board changes on record since 2016: 4 appointments. The latest: Arpan Rajkumar Gupta was appointed as Director on 14 Oct 2016.
AGM
Comet Performance Chemicals Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Comet Performance Chemicals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 7.50 Cr registered on 10 Jan 2020 with Charge ID 100317221 was modified on 12 Dec 2022.
Charges
A charge with Others amounted to Rs. 14.00 Cr with Charge ID 100622710 was registered on 17 Oct 2022.
Charges
A charge with Others amounted to Rs. 1.40 Cr with Charge ID 100623213 was registered on 17 Oct 2022.
Charges
A charge registered on 25 Feb 2019 via Charge ID 100251454 with Others was fully satisfied on 07 Feb 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 7.50 Cr with Charge ID 100317221 was registered on 10 Jan 2020.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 100251454 was registered on 25 Feb 2019.
Appointed
Arpan Rajkumar Gupta was appointed as Director.
Appointed
Nandini Arpanbhai Gupta was appointed as Director.
Appointed
Rohan Rajkumar Gupta was appointed as Director.
Appointed
Yogita Rohan Gupta was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Comet Performance Chemicals is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 14 October 2016 (10+ years old) and is registered under CIN U24304GJ2016PTC094087.
Comet Performance Chemicals has 4 current directors:
- Arpan Rajkumar Gupta - Director
- Rohan Rajkumar Gupta - Director
- Nandini Arpanbhai Gupta - Director
- Yogita Rohan Gupta - Director
The latest financial statements of Comet Performance Chemicals 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 FY 2017 are in the company report.
The GSTIN of Comet Performance Chemicals is 24AAGCC7158Q1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of Comet Performance Chemicals is U24304GJ2016PTC094087. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Comet Performance Chemicals has 30 court cases on record: 28 filed by the company and 2 filed against it. 9 are pending. Most are in the district courts.
Comet Performance Chemicals was incorporated on 14 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Comet Performance Chemicals has 1 deal on record (1 rights issue); the latest was in March 2018.
The peers of Comet Performance Chemicals by revenue are West Bengal Chemical Industries Ltd, Demech Chemical Products Private Limited, Revex Polymers Private Limited, RJMS Lab Private Limited, Titan Paints Private Limited and 1 more, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Arpan Rajkumar Gupta was appointed as Director on 14 Oct 2016. Nandini Arpanbhai Gupta was appointed as Director on 14 Oct 2016. Rohan Rajkumar Gupta was appointed as Director on 14 Oct 2016. Comet Performance Chemicals has 4 board changes on record in total.
Yes, Comet Performance Chemicals is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0010888).
Comet Performance Chemicals has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 14 overdue payments to 11 micro and small suppliers. The latest return was filed on 17 Nov 2019.