About Drychem Solutions Private Limited
Data last updated:
Drychem Solutions Private Limited was a private limited company based in Navi Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the cement and cement products segment of the manufacturing sector. It was incorporated on 26 April 2002.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51432MH2002PTC135661. Its GSTIN is 27AAECA1171D1Z6 (Maharashtra). The company held 6 GST registrations, of which 5 are active.
The company had an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹63.26 Lakh. It was formerly known as Alive Ceramics Private Limited. It was led by directors Kaushal Ashok Mehta (Managing Director) and Ashok Nagardas Mehta.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Plot No.A – 246 Ttc Industrial Area MIDC Mahape Navi Mumbai, Maharashtra, India – 400701.
As per the financials filed for FY 2020, the company reported a revenue of ₹99.53 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.01 Cr (net margin 2%) and EBITDA of ₹11.88 Cr (EBITDA margin 11.9%). Revenue has grown at a compounded annual rate (CAGR) of 153% over three years and 78% over five years.
The company had about 145 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: DryChem. As per MCA filings, the company had satisfied charges of ₹29.97 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 4 cases are pending.
The last known website on record is drychem.com.
Company details
Contact details
Drychem Solutions Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is drychem.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No.A – 246 Ttc Industrial Area MIDC Mahape Navi Mumbai, Maharashtra, India – 400701
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of Drychem Solutions Private 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
Drychem Solutions operates one associated brand: DryChem. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures building materials including wall putty and adhesives for construction. | drychem.com |
Business activity
The main business activity of Drychem Solutions is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Drychem Solutions Private Limited, buy the company report.
Financials of Drychem Solutions Private Limited
FY 2020 filings availableDrychem Solutions Private Limited reported revenue of ₹99.53 Cr (up 198% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 78% over five years, including 198% growth in the latest year. EBITDA rose 291% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹99.53 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.01 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.9% | ||||
| Net Profit Margin | 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 | |||||
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| 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 Drychem Solutions Private Limited, buy the company report.
Board of directors of Drychem Solutions Private Limited
Drychem Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Nagardas Mehta Also directs: Walplast Products Private Limited, Drychem India Private Limited, Miraj Drymix Private Limited and 5 more | Director | 26 Apr 2002 | 24 Years 6 Months | As last reported |
| Kaushal Ashok Mehta Also directs: Walplast Products Private Limited, Drychem India Private Limited, Miraj Drymix Private Limited and 5 more | Managing Director | 26 Apr 2002 | 24 Years 6 Months | As last reported |
Auditor
Drychem Solutions Private Limited is audited by BHUMIKA D SHAH & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHUMIKA D SHAH & CO | FY 2020 | 141966W |
Shareholding
The shareholding of Drychem Solutions Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Drychem Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2019 | 100300374 | The Hongkong and Shanghai Banking Corporation Limited | ₹15 Cr | Satisfied | |
| 17 Jun 2011 | 10294666 | The Shamrao Vithal Co-Operative Bank Limited | ₹1.54 Cr | Satisfied | |
| 17 Jun 2011 | 10294691 | The Shamrao Vithal Co-Operative Bank Ltd. | ₹1.54 Cr | Satisfied | |
| 14 Aug 2008 | 10120536 | The Shamrao Vithal Co-Operative Bank Limited | ₹2.35 Cr | Satisfied | |
| 04 Jan 2008 | 10086469 | The Shamrao Vithal Co-Operative Bank Limited | ₹7.24 Cr | Satisfied |
To see the full charge records of Drychem Solutions Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Drychem Solutions Private Limited has 6 court cases on record: 6 filed by Drychem Solutions. 4 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 4 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| High Court | Writ petition | Filed by the company against State Ministry of Finance Ors | Disposed |
To see the full case history of Drychem Solutions 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.
Credit ratings & regulatory alerts
Drychem Solutions Private Limited was last rated by Icra on 18 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Jan 2022 |
To see the full credit ratings and regulatory alerts of Drychem Solutions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Drychem Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Drychem Solutions Private Limited has a workforce of 145 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
Drychem Solutions has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECA1171D1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 08AAECA1171D1Z6 | Rajasthan | Active | 01 Jul 2017 |
| 22AAECA1171D2ZF | Chhattisgarh | Active | 01 Jul 2017 |
| 33AAECA1171D1ZD | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Drychem Solutions Private Limited, buy the company report.
Recent activity
Drychem Solutions Private Limited has 5 board changes on record since 2002: 2 appointments and 3 cessations. The latest: Asha Ashok Mehta ceased to be Director on 15 Oct 2018.
13 earlier events are in the company report.
Frequently asked questions
Drychem Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Drychem Solutions was a private limited company based in Navi Mumbai, Maharashtra, India. The company worked in cement and cement products, within the manufacturing industry. It was incorporated on 26 April 2002 and is registered under CIN U51432MH2002PTC135661. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Drychem Solutions was incorporated on 26 April 2002. It is registered with the Registrar of Companies, Mumbai.
Drychem Solutions had 2 directors:
- Kaushal Ashok Mehta - Managing Director
- Ashok Nagardas Mehta - Director
The CIN (Corporate Identification Number) of Drychem Solutions is U51432MH2002PTC135661. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Drychem Solutions is at Plot No.A – 246 Ttc Industrial Area MIDC Mahape Navi Mumbai, Maharashtra, India – 400701.
Drychem Solutions can be reached through the website drychem.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The latest financial statements of Drychem Solutions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Drychem Solutions is 27AAECA1171D1Z6, registered in Maharashtra. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 08AAECA1171D1Z6 (Rajasthan), 22AAECA1171D2ZF (Chhattisgarh), 33AAECA1171D1ZD (Tamil Nadu).
Drychem Solutions operated in the manufacturing industry, in the cement and cement products segment.