Covestro (India) Private Limited - Company Profile

It is a chemicals and materials private limited company based in Navi Mumbai, Maharashtra, India, established in 1995.

1995 Navi Mumbai, Maharashtra, India Active

Last Updated: March 06, 2026

About Covestro (India) Private Limited

Covestro (India) Private Limited, a active private limited company, was established on 11 September 1995 in Navi Mumbai, Maharashtra, India. Engaging in specialty chemicals within the manufacturing sector, it holds CIN: U19113MH1995PTC179724. Registered under ROC Roc Mumbai Ii. it is unlisted. It has an authorized capital of ₹364.40 Cr and a paid-up capital of ₹207.52 Cr.

Formerly known as Bayer Materialscience Private Limited. It upholds a compliant status. Employing 368 professional, Its leadership includes Avinash Manmohan Bagdi (Director), Anand Srinivasan (Managing Director). Past directors included Manorama Chivukula, Darius Cavasji Shroff, Kugalur Ramsesha Venkata Subrahmanian. Its latest AGM occurred on 17 September 2025, with the balance sheet filed on 31 March 2025. It is based at Unit No. Sb-801, 8Th Floor, Empire Tower, Cloud City Campus, Airoli, Thane - Belap, Ur Rd, Navi Mumbai, Maharashtra, 400708.

Company Details

CIN/LLPIN
U19113MH1995PTC179724
Registration Number
179724
Incorporation Date
11 September 1995
Authorized Capital
₹364.40 Cr
Paid-Up Capital
₹207.52 Cr
ROC Code
Roc Mumbai Ii
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 364.40 Cr as on 06-03-2026
Paid Up Capital ₹ 207.52 Cr as on 06-03-2026
Company Age 30 Year, 8 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** 32.73% (FY 2023)
Profit Growth **** -77.22% (FY 2023)
Ebitda **** -66.80% (FY 2023)
Net Worth -10.15% (FY 2023)
Total Assets **** 1.12% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Covestro (India) Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report

Who are the key members and board of directors at Covestro (India) Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Avinash Manmohan Bagdi	Director	16 Jul 2015	Current
Anand Srinivasan	Managing Director	29 Nov 2019	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	16 Jul 2015	Past
Pramod Abcsdd	Director	02 Dec 2016	Past
Pramod Abcsdd	Director	25 Aug 2015	Past
Pramod Abcsdd	Director	26 Oct 2007	Past
Pramod Abcsdd	Director	09 Feb 2018	Past
Pramod Abcsdd	Additional Director	30 Sep 2015	Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Covestro (India).

Covestro (India) Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 32.73% increase. The company also saw a substantial fall in profitability, with a 77.22% decrease in profit. The company's net worth observed a substantial decline by a decrease of 10.15%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

Upgrade Required

Full access to Financial is available only for users with an active Premium plan.

Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

32.73%

*******

Revenue from Operations

*******

32.84%

*******

Total Assets

*******

1.12%

*******

Profit or Loss

*******

-77.22%

*******

Net Worth

*******

-10.15%

*******

EBITDA

*******

-66.80%

*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Covestro (India)?

In 2023, Covestro (India) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

Upgrade Required

Full access to Ownership and Shareholding Structure is available only for users with an active Premium plan.

Reveal ownership structures and financial performance - Get instant access now!

How Many Employees Work at Covestro (India)?

Covestro (India) has a workforce of 368 employees as of Aug 31, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

Upgrade Required

Full access to People is available only for users with an active Premium plan.

Deals i

Gain comprehensive insights into the Deals and Valuation data of Covestro (India), offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Covestro (India)'s trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Covestro (India)

Recent Activity within the Organization

Annual General Meeting

The activity Covestro (India) Private Limited last Annual general meeting of members was held on 17 Sep 2025 as per latest MCA records. was completed.
17 Sep 2025
Balance Sheet

The activity Covestro (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii. was completed.
31 Mar 2025
Director Appointment

Anand Srinivasan was appointed as a Managing Director was appointed as a Managing Director on 29 Nov 2019 & has been associated with this company since 6 years 5 months . was recorded as a recent event.
29 Nov 2019
Director Appointment

Avinash Manmohan Bagdi was appointed as a Director was appointed as a Director on 16 Jul 2015 & has been associated with this company since 10 years 10 months . was recorded as a recent event.
16 Jul 2015
Director Appointment

Puneet Kapur was appointed as a Company Secretary was appointed as a Company Secretary on 16 Jul 2015 & has been associated with this company since 10 years 10 months . was recorded as a recent event.
16 Jul 2015
Company Incorporation

The activity Covestro (India) Private Limited was registered on 11 Sep 1995 with Roc Mumbai Ii & aged 30 years 8 months as per MCA records. was completed.
11 Sep 1995

Explore recent activity and updates - View Recent Activity