MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-06-0001128
Daxesh Petrochem Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹16.83 Cr
▼ 10% YoY
Net profit · FY 2025
₹2.05 Cr
Net margin 12.2%
EBITDA · FY 2025
₹3.17 Cr
EBITDA margin 18.8%
Authorised capital
₹35 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Open charges
₹99 Lakh
Satisfied ₹2.18 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
20
Provident fund records
About Daxesh Petrochem Private Limited
Data last updated:
Daxesh Petrochem Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 10 April 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U23200MH1986PTC039532. Its GSTIN is 24AAACS6092D1ZK (Gujarat).
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹15 Lakh. It was formerly known as Shanmukh Petrochem Private Limited. It is led by directors including Dineshchandra Kantilal Patel (Managing Director) and Rasilaben Dineshchandra Patel (Whole-Time Director).
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 A – 101 Cypressswapna Nagari Mulund West, Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.83 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹2.05 Cr (net margin 12.2%) and EBITDA of ₹3.17 Cr (EBITDA margin 18.8%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 8% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹99 Lakh and satisfied charges of ₹2.18 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
Daxesh Petrochem Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-06-0001128). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website petrosilicon.com.
Company details
CIN U23200MH1986PTC039532
Registration Number 039532
Incorporation Date 10 April 1986
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-06-0001128
Key People
Dineshchandra Kantilal Patel Managing Director Rasilaben Dineshchandra Patel Whole-Time Director Hasmukh Mohanlal Patel Whole-Time Director Recognitions & Rankings of Daxesh Petrochem
Contact details
Daxesh Petrochem Private Limited's registered office is in Mumbai, Maharashtra. Its website is petrosilicon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 101 Cypressswapna Nagari Mulund West, Mumbai, Maharashtra, India – 400080
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Daxesh Petrochem Private Limited, buy the company report.
Comprehensive company report
Daxesh Petrochem 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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Business activity
The main business activity of Daxesh Petrochem is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Daxesh Petrochem Private Limited, buy the company report.
Financials of Daxesh Petrochem Private Limited
FY 2025 filings availableDaxesh Petrochem Private Limited reported revenue of ₹16.83 Cr (down 10% YoY) for FY 2025.
Revenue · FY 2025
₹16.83 Cr ▼ 10%
Net profit · FY 2025
₹2.05 Cr margin 12.2%
EBITDA · FY 2025
₹3.17 Cr margin 18.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 8%
5 years · compounded
▲ 8%
EBITDA CAGR growth
3 years · compounded
▲ 25%
5 years · compounded
▲ 8%
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. 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 |
|---|---|---|---|---|---|
| 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 | ₹3.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.05 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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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 | 18.8% | ||||
| Net Profit Margin | 12.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Daxesh Petrochem Private Limited, buy the company report.
Board of directors of Daxesh Petrochem Private Limited
Daxesh Petrochem has 7 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rasilaben Dineshchandra Patel Also directs: Daxesh Hydrocarbons Private Limited | Whole-Time Director | 12 Oct 2007 | 19 Years 0 Months | Current |
| Nandan Dinesh Patel Also directs: Daxesh Hydrocarbons Private Limited | Additional Director | 12 Jun 2025 | 1 Years 4 Months | Current |
| Dineshchandra Kantilal Patel Also directs: Daxesh Hydrocarbons Private Limited | Managing Director | 10 Apr 1986 | 40 Years 6 Months | Current |
| Hasmukh Mohanlal Patel | Whole-Time Director | 01 Dec 1991 | 34 Years 11 Months | Current |
| Haresh Patel Mohanlal Also directs: Daxesh Hydrocarbons Private Limited | Whole-Time Director | 01 Dec 1991 | 34 Years 11 Months | Current |
| Nitin Kantilal Patel | Whole-Time Director | 01 Dec 1991 | 34 Years 11 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Daxesh Petrochem Private Limited is audited by D K C G AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D K C G AND ASSOCIATES | FY 2023 | 0154843W |
Shareholding
The shareholding of Daxesh Petrochem 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 Daxesh Petrochem Private Limited, buy the company report.
Charges & borrowings
Open charges
₹99 Lakh
Satisfied charges
₹2.18 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 May 1997 | 90243324 | Others | ₹99 Lakh | Open | |
| 28 Dec 2015 | 10613428 | Bank of Baroda | ₹7.67 Lakh | Satisfied | |
| 13 Dec 2014 | 10571221 | Bank of Baroda | ₹6.49 Lakh | Satisfied | |
| 25 Jun 2007 | 10058237 | Others | ₹1.69 Cr | Satisfied | |
| 07 May 1997 | 90234328 | Bank of Baroda | ₹21.21 Lakh | Satisfied |
To see the full charge records of Daxesh Petrochem Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Daxesh Petrochem Private Limited has 2 court cases on record: 2 filed by Daxesh Petrochem. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 4 others | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Harshal Electricals Pvt.Ltd. | Disposed |
To see the full case history of Daxesh Petrochem 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
Daxesh Petrochem Private Limited has 7 MSME Form 1 returns on record between 2019 and 2022, listing 315 overdue payments to 57 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 57)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Piyush Electromac Private Limited |
To see the full MSME payment records of Daxesh Petrochem Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Daxesh Petrochem Private Limited has a workforce of 20 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
Employee growth
5.26%
GST
Daxesh Petrochem has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACS6092D1ZK | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Daxesh Petrochem Private Limited, buy the company report.
Recent activity
Daxesh Petrochem Private Limited has 11 board changes on record since 1986: 7 appointments and 4 cessations. The latest: Nandan Dinesh Patel was appointed as Additional Director on 12 Jun 2025.
AGM
Daxesh Petrochem Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Nandan Dinesh Patel was appointed as Additional Director.
Appointed
Nipun Dineshchandra Patel was appointed as Additional Director.
Filing
Daxesh Petrochem Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 25 Jun 2007 via Charge ID 10058237 with Others was fully satisfied on 05 Mar 2021.
Charges
A charge registered on 05 May 1993 via Charge ID 90243146 with Bank Of Baroda was fully satisfied on 05 Mar 2021.
Charges
A charge registered on 05 May 1993 via Charge ID 90233910 with Bank Of Baroda was fully satisfied on 05 Mar 2021.
Charges
A charge with Others of Rs. 99.00 Lakh registered on 07 May 1997 with Charge ID 90243324 was modified on 25 Jan 2021.
Charges
A charge registered on 28 Dec 2015 via Charge ID 10613428 with Bank Of Baroda was fully satisfied on 12 Oct 2018.
Charges
A charge registered on 13 Dec 2014 via Charge ID 10571221 with Bank Of Baroda was fully satisfied on 12 Oct 2018.
Charges
A charge registered on 07 May 1997 via Charge ID 90234328 with Bank Of Baroda was fully satisfied on 12 Oct 2018.
Charges
A charge with Others of Rs. 169.00 Lakh registered on 25 Jun 2007 with Charge ID 10058237 was modified on 22 Aug 2018.
20 earlier events are in the company report.
Frequently asked questions
Daxesh Petrochem is an active private limited company based in Mumbai, Maharashtra, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 10 April 1986 (40+ years old) and is registered under CIN U23200MH1986PTC039532.
Daxesh Petrochem has 7 current directors:
- Dineshchandra Kantilal Patel - Managing Director
- Rasilaben Dineshchandra Patel - Whole-Time Director
- Hasmukh Mohanlal Patel - Whole-Time Director
- Haresh Patel Mohanlal - Whole-Time Director
- Nitin Kantilal Patel - Whole-Time Director
- Nandan Dinesh Patel - Additional Director
- Nipun Dineshchandra Patel - Additional Director
The latest financial statements of Daxesh Petrochem 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 Daxesh Petrochem is 24AAACS6092D1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Daxesh Petrochem is U23200MH1986PTC039532. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Daxesh Petrochem has 2 court cases on record: 2 filed by the company. Most are in the district courts.
Daxesh Petrochem was incorporated on 10 April 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Nandan Dinesh Patel was appointed as Additional Director on 12 Jun 2025. Nipun Dineshchandra Patel was appointed as Additional Director on 12 Jun 2025. Haresh Patel Mohanlal ceased to be Director on 09 Apr 2015. Daxesh Petrochem has 11 board changes on record in total.
Yes, Daxesh Petrochem is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-06-0001128).
Daxesh Petrochem has 7 MSME Form 1 returns on record between 2019 and 2022, listing 315 overdue payments to 57 micro and small suppliers. The latest return was filed on 08 Feb 2024.
Daxesh Petrochem can be reached through the website petrosilicon.com. Its registered office is in Mumbai, Maharashtra, India.
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