India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,277 Manishkumar P Kiri & Family ₹1,800 Cr
Revenue · FY 2022
₹462.55 Cr
▼ 10% YoY
Authorised capital
₹34.25 Cr
Registered with MCA
Paid-up capital
₹34.21 Cr
Issued & subscribed
Satisfied charges
₹436 Cr
No open charges
Company age
31 yrs
Est. 1995
Employees · EPFO
93
Provident fund records
Directors on board
8
As per MCA filings
Active GSTINs
4
of 5 registered
About Dystar India Private Limited
Data last updated:
Dystar India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 20 November 1995 and has been in existence for over 31 years.
Its director Manishkumar P Kiri and Family is #1,277 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24114MH1995PTC094620. Its GSTIN is 27AABCD0295N1ZE (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹34.25 Cr and a paid-up capital of ₹34.21 Cr. It is led by directors including Yao Jianfang and Nesal Hasmukh Shah.
Its last annual general meeting (AGM) was held on 27 June 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at 4th Floor Coral Square Vijay Garden Naka Ghodbunder Road Thane (West)., Mumbai, Maharashtra, India – 400615.
As per the financials filed for FY 2022, the company reported a revenue of ₹462.55 Cr, a decline of 10% compared to the previous year.
The company has about 93 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: DyStar. As per MCA filings, the company has satisfied charges of ₹436 Cr on record. Court records list 21 cases involving the company, including 12 filed by the company and 9 filed against it; 4 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹12.32 Cr; the latest was in March 2012. Its 9 peer companies in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 4 smaller; the largest is Domino Printech India Private Limited with revenue of ₹580.31 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dystar.com.
Company details
CIN U24114MH1995PTC094620
Registration Number 094620
Incorporation Date 20 November 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 June 2025
Date of Balance Sheet 31 December 2024
Compliance Status Active Compliant
Recognitions & Rankings of Dystar India
Contact details
Dystar India Private Limited's registered office is in Mumbai, Maharashtra. Its website is dystar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4th Floor Coral Square Vijay Garden Naka Ghodbunder Road Thane (West)., Mumbai, Maharashtra, India – 400615
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Dystar India Private Limited, buy the company report.
Comprehensive company report
Dystar India 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
Dystar India operates one associated brand: DyStar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Colorants and speciality chemicals are manufactured with related services provided. | dystar.com |
Financials of Dystar India Private Limited
FY 2024 filings availableDystar India Private Limited reported revenue of ₹462.55 Cr (down 10% YoY) for FY 2022.
Revenue · FY 2022
₹462.55 Cr ▼ 10%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 10%
Revenue fell 10% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹462.55 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
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| Net Profit (PAT) | |||||
| 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 | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick 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 Dystar India Private Limited, buy the company report.
Board of directors of Dystar India Private Limited
Dystar India has 8 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yao Jianfang Also directs: Texanlab Laboratories Private Limited | Director | 18 Jan 2016 | 10 Years 9 Months | Current |
| Nesal Hasmukh Shah | Director | 28 Aug 2023 | 3 Years 2 Months | Current |
| Yu Ling Also directs: Texanlab Laboratories Private Limited | Director | 17 Apr 2019 | 7 Years 6 Months | Current |
| Manish Vithalrao Basle Also directs: Texanlab Laboratories Private Limited | Alternate Director | 17 Apr 2019 | 7 Years 6 Months | Current |
| Monika Deviprasad Singh Also directs: Texanlab Laboratories Private Limited | Alternate Director | 11 Aug 2017 | 9 Years 2 Months | Current |
| Eric Hopmann Also directs: Texanlab Laboratories Private Limited | Alternate Director | 29 Mar 2018 | 8 Years 7 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Dystar India Private Limited is compared with the 9 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), 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 |
|---|---|---|---|---|---|---|
| Domino Printech India Private Limited | ₹580.31 Cr (FY 2024) | 5.0% | New Delhi, Delhi, India | |||
| Hi- Tech Inks Private Limited | ₹576.56 Cr (FY 2025) | 16.0% | Vapi, Gujarat, India | |||
| Asahi Songwon Colors Limited | ₹566.4 Cr (FY 2025) | 32.0% | Ahmedabad, Gujarat, India | |||
| Torrecid India Private Limited | ₹482.57 Cr (FY 2025) | -5.0% | Vadodara, Gujarat, India | |||
| Neelikon Food Dyes and Chemicals Limited | ₹477.9 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Dystar India Private Limitedthis company | ₹462.55 Cr (FY 2022) | -10.0% | 93 | Mumbai, Maharashtra, India | ||
| Ampacet Speciality Products Private Limited | ₹446.3 Cr (FY 2025) | 18.0% | Pune, Maharashtra, India | |||
| Mazda Colours Limited | ₹416.39 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Ambuja Intermediates Private Limited | ₹398.33 Cr (FY 2025) | 5.0% | Ahmedabad, Gujarat, India | |||
| Nuberg Industries Limited | ₹385.72 Cr (FY 2025) | -18.0% | Delhi, India |
To see the full peer comparison of Dystar India Private Limited, buy the company report.
Auditor
Dystar India Private Limited is audited by BSR & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Co. LLP | FY 2022 | AAB-8181 |
Shareholding
The shareholding of Dystar India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dystar India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹436 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 2011 | 10287077 | State Bank of India | ₹436 Cr | Satisfied |
To see the full charge records of Dystar India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Dystar India Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹12.32 Cr; the latest was in March 2012.
Total deals
5
Secondary share transfers
3
Funding rounds
2
Disclosed funding
₹12.32 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: DyStar Global Holdings Singapore Pte Ltd Seller: Kiri Holding Singapore Pte Ltd |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Kiri Holding Singapore Pte Ltd Seller: Dystar Colour Distribution GMBH |
| Jun 2010 | Secondary share transfer | Undisclosed | Buyer: Dystar Colour Distribution GMBH Seller: Dystart Textilfarben GmbH |
| Aug 2009 | Funding round | ₹6.32 Cr | Investors: Dystart Textilfarben GmbH |
| Jul 2008 | Funding round | ₹6 Cr | Investors: Dystart Textilfarben GmbH |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dystar India Private Limited has 21 court cases on record: 12 filed by Dystar India, 9 filed against it. 4 cases are pending and 17 are disposed.
Total cases
21
Filed by the company
12
Filed against the company
9
Pending
4
Disposed
17
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 5 | 1 |
| District courts | 8 | 4 | 3 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Ms. Thakor Reductants Private Ltd. | Disposed |
| District court, Thane, Maharashtra | Commercial suit | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Assistant/Deputy Registrar of Companies Mumbai | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref-IDA) | Filed by the company against an individual | Pending |
| Bombay High Court | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Dystar India 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
No delayed payments to MSME suppliers are on our record for Dystar India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Dystar India has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Texanlab Laboratories Private Limited | U33125MH1995PTC090076 |
To see the full group structure of Dystar India Private Limited, buy the company report.
Employees & EPFO
Dystar India Private Limited has a workforce of 93 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
Employee count
93
Active EPFO establishments
2
Employee growth
-2.11%
GST
Dystar India has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCD0295N1ZE | Maharashtra | Active | 01 Jul 2017 |
| 27AABCD0295N2ZD | Maharashtra | Active | 01 Jul 2018 |
| 24AABCD0295N1ZK | Gujarat | Active | 01 Jul 2017 |
| 33AABCD0295N1ZL | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dystar India Private Limited, buy the company report.
Recent activity
Dystar India Private Limited has 28 board changes on record since 2009: 8 appointments and 20 cessations. The latest: Nesal Hasmukh Shah ceased to be Additional Director on 23 Sep 2024.
AGM
Dystar India Private Limited last Annual general meeting of members was held on 27 Jun 2025 as per latest MCA records.
Filing
Dystar India Private Limited has filed its annual Financial statements for the year ended 31 Dec 2024 with Roc Mumbai.
Ceased
Nesal Hasmukh Shah ceased to be Additional Director.
Appointed
Nesal Hasmukh Shah was appointed as Director.
Ceased
Yu Ling ceased to be Additional Director.
Appointed
Manish Vithalrao Basle was appointed as Alternate Director.
Appointed
Yu Ling was appointed as Director.
Ceased
Bin Luo ceased to be Director.
Ceased
Manish Vithalrao Basle ceased to be Alternate Director.
Appointed
Eric Hopmann was appointed as Alternate Director.
Ceased
Amitava Mukherjee ceased to be Additional Director.
Ceased
Manishkumar Pravinchandra Kiri ceased to be Additional Director.
21 earlier events are in the company report.
Frequently asked questions
Dystar India is an active private limited company based in Mumbai, Maharashtra, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 20 November 1995 (31+ years old) and is registered under CIN U24114MH1995PTC094620.
Dystar India has 8 current directors:
- Yao Jianfang - Director
- Nesal Hasmukh Shah - Director
- Yu Ling - Director
- Manish Vithalrao Basle - Alternate Director
- Monika Deviprasad Singh - Alternate Director
- Eric Hopmann - Alternate Director
- Manishkumar Pravinchandra Kiri - Director
- Yalin Xu - Director
The latest financial statements of Dystar India on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 27 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dystar India is 27AABCD0295N1ZE, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCD0295N2ZD (Maharashtra), 24AABCD0295N1ZK (Gujarat), 33AABCD0295N1ZL (Tamil Nadu).
The CIN (Corporate Identification Number) of Dystar India is U24114MH1995PTC094620. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dystar India has 21 court cases on record: 12 filed by the company and 9 filed against it. 4 are pending. Most are in the high courts.
Dystar India was incorporated on 20 November 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Dystar India has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹12.32 Cr; the latest was in March 2012.
The peers of Dystar India by revenue are Domino Printech India Private Limited, Hi- Tech Inks Private Limited, Asahi Songwon Colors Limited, Torrecid India Private Limited, Neelikon Food Dyes and Chemicals Limited and 4 more, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Nesal Hasmukh Shah ceased to be Additional Director on 23 Sep 2024. Nesal Hasmukh Shah was appointed as Director on 28 Aug 2023. Yu Ling ceased to be Additional Director on 28 Jun 2019. Dystar India has 28 board changes on record in total.
Dystar India can be reached through the website dystar.com. Its registered office is in Mumbai, Maharashtra, India.
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