About Esteem Industries Private Limited
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Esteem Industries Private Limited is a private limited company based in Goa, India, a subsidiary of Harcros (India) Llc. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 26 December 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U24231GA2001PTC003056. Its GSTIN is 30AAACE9474F1ZT (Goa). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Zubin Keki Gandhi (Managing Director) and Amol Ashok Walke.
Its last annual general meeting (AGM) was held on 02 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot Nos 76 77 Pissurlem Industrial Estate Pissurlem Sattari, Goa, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹848.24 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹66.56 Cr (net margin 7.8%) and EBITDA of ₹125.23 Cr (EBITDA margin 14.8%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years.
The company has about 496 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Esteem Industries. As per MCA filings, the company has open charges of ₹109.5 Cr and satisfied charges of ₹285.38 Cr on record. Court records list 55 cases involving the company, including 49 filed by the company and 6 filed against it; 9 cases are pending. The company has 11 deals on record (10 secondary share transfers, 1 acquisition); the latest was in December 2021. Its 8 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, 5 larger and 3 smaller; the largest is Universal Biofuels Private Limited with revenue of ₹898.98 Cr. The company has 15 MSME Form 1 returns on record between 2018 and 2023, listing 4,511 overdue payments to 86 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website esteem-india.com.
Company details
Contact details
Esteem Industries Private Limited's registered office is in Goa. Its website is esteem-india.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot Nos 76 77 Pissurlem Industrial Estate Pissurlem Sattari, Goa, India
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Esteem Industries 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
Esteem Industries operates one associated brand: Esteem Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of surfactants and speciality chemicals for various industries. | esteem-india.com |
Business activity
The main business activities of Esteem Industries are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and wholesale trading. 2 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Esteem Industries Private Limited, buy the company report.
Financials of Esteem Industries Private Limited
FY 2025 filings availableEsteem Industries Private Limited reported revenue of ₹848.24 Cr (down 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 12% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹125.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹66.56 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.8% | ||||
| Net Profit Margin | 7.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Esteem Industries Private Limited, buy the company report.
Board of directors of Esteem Industries Private Limited
Esteem Industries has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Zubin Keki Gandhi Also directs: Venus Ethoxyethers Pvt Ltd, Grand Organics Private Limited, Dyna Glycols Private Limited and 4 more | Managing Director | 06 Jan 2016 | 10 Years 9 Months | Current |
| Amol Ashok Walke Also directs: Walke Enterprises Limited Liability Partnership, Venus Ethoxyethers Pvt Ltd, Grand Organics Private Limited and 5 more | Director | 21 Jan 2002 | 24 Years 9 Months | Current |
| Kevin Gerard Mirner Also directs: Dyna Glycols Private Limited, Harcros Chemicals Private Limited | Director | 06 Jan 2016 | 10 Years 9 Months | Current |
| Pandurang Suryakant Vernekar | Additional Director | 20 Sep 2025 | 1 Years 1 Months | Current |
| Mandar Jayprakash Priolkar | Additional Director | 20 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Esteem Industries Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Universal Biofuels Private Limited | ₹898.98 Cr (FY 2024) | 271.0% | Hyderabad, Telangana, India | |||
| Jocil Limited | ₹867.49 Cr (FY 2025) | 15.0% | Andhra Pradesh, India | |||
| Industrial Solvents and Chemicals Private Limited | ₹859.51 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| Excel Industries Limited | ₹859.14 Cr (FY 2024) | -22.0% | Mumbai, Maharashtra, India | |||
| J.G.Chemicals Limited | ₹857.96 Cr (FY 2025) | 27.0% | Kolkata, West Bengal, India | |||
| Esteem Industries Private Limitedthis company | ₹848.24 Cr (FY 2024) | ₹66.56 Cr | 7.8% | -8.0% | 496 | Goa, India |
| Rama Phosphates Limited | ₹747.23 Cr (FY 2025) | 23.0% | Mumbai, Maharashtra, India | |||
| Laxmi Agro Industrial Consultants & Exporters Limited | ₹696.91 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Transpek Industry Limited | ₹678.56 Cr (FY 2025) | 12.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Esteem Industries Private Limited, buy the company report.
Auditor
Esteem Industries Private Limited is audited by Y. K. Desai & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y. K. Desai & Co. | FY 2023 | 102370W |
Shareholding
The shareholding of Esteem Industries 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 Esteem Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jun 2017 | 100146304 | Others | ₹24.5 Cr | Open | |
| 28 Mar 2014 | 10509730 | Others | ₹85 Cr | Open | |
| 28 Mar 2018 | 100183030 | Hdfc Bank Limited | ₹68.8 Lakh | Satisfied | |
| 13 Feb 2018 | 100171730 | Others | ₹4.95 Cr | Satisfied | |
| 11 Jan 2018 | 100158667 | Hdfc Bank Limited | ₹82.72 Lakh | Satisfied |
To see the full charge records of Esteem Industries Private Limited, buy the company report.
Total charge records: 53 View all charges
Deals & funding
Esteem Industries Private Limited has 11 deals on record (10 secondary share transfers, 1 acquisition); the latest was in December 2021.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: Harcros India LLC & Zubin Gandhi, Harcros India LLC Seller: Harcros India LLC, 2 individuals |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: Harcros India LLC Seller: an individual |
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: Harcros India LLC Seller: 3 individuals |
| Sep 2020 | Secondary share transfer | Undisclosed | Buyer: Harcros India LLC Seller: 3 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Jadva India Impex Limited, Eaugu Udyog Limited , Vanguard Jewels Limited |
To see the full deal history of Esteem Industries Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Esteem Industries Private Limited has 55 court cases on record: 49 filed by Esteem Industries, 6 filed against it. 9 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 52 | 4 | 8 |
| High courts | 3 | 2 | 1 |
Cases on record (5 of 55)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Bvishal Exploration Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against M/S. Tomberry Synergy India Pvt. Ltd and 2 others | Pending |
| District court, North Goa, Goa | Original application | Filed by the company against Thakor Reductants Pvt. Ltd. and 4 others | Disposed |
| District court, North Goa, Goa | Civil suit | Filed by the company against Synkromax Biotech Pvt Limited. and 3 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against M/S. Speciality Polymers Pvt. Ltd. | Disposed |
To see the full case history of Esteem Industries 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
Esteem Industries Private Limited was last rated by Brickwork on 31 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 31 May 2021 |
To see the full credit ratings and regulatory alerts of Esteem Industries Private Limited, buy the company report.
MSME payment delays
Esteem Industries Private Limited has 15 MSME Form 1 returns on record between 2018 and 2023, listing 4,511 overdue payments to 86 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 86)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Tarapur Packaging | |||
| Vic Industries | |||
| an individual supplier | |||
| Sugam Chemicals | |||
| Kedia Paper Industries Private Limited |
To see the full MSME payment records of Esteem Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Esteem Industries has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Dyna Glycols Private Limited | U24119MH2006PTC164262 |
To see the full group structure of Esteem Industries Private Limited, buy the company report.
Employees & EPFO
Esteem Industries Private Limited has a workforce of 496 employees on its EPFO records as of Mar 28, 2024, across 2 active EPFO establishments.
GST
Esteem Industries has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACE9474F1ZT | Goa | Active | 01 Jul 2017 |
| 30AAACE9474F2ZS | Goa | Active | 15 Aug 2017 |
| 27AAACE9474F1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Esteem Industries Private Limited, buy the company report.
Recent activity
Esteem Industries Private Limited has 12 board changes on record since 2002: 6 appointments and 6 cessations. The latest: Mandar Jayprakash Priolkar was appointed as Additional Director on 20 Sep 2025.
118 earlier events are in the company report.
Frequently asked questions
Esteem Industries is an active private limited company based in Goa, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 26 December 2001 (25+ years old) and is registered under CIN U24231GA2001PTC003056.
Esteem Industries has 5 current directors:
- Zubin Keki Gandhi - Managing Director
- Amol Ashok Walke - Director
- Kevin Gerard Mirner - Director
- Pandurang Suryakant Vernekar - Additional Director
- Mandar Jayprakash Priolkar - Additional Director
The latest financial statements of Esteem Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 02 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Esteem Industries is 30AAACE9474F1ZT, registered in Goa. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 30AAACE9474F2ZS (Goa), 27AAACE9474F1ZG (Maharashtra).
The CIN (Corporate Identification Number) of Esteem Industries is U24231GA2001PTC003056. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Esteem Industries has 55 court cases on record: 49 filed by the company and 6 filed against it. 9 are pending. Most are in the district courts.
Esteem Industries was incorporated on 26 December 2001, making it 25+ years old. It is registered with the Registrar of Companies, Goa.
Esteem Industries has 11 deals on record (10 secondary share transfers, 1 acquisition); the latest was in December 2021.
The peers of Esteem Industries by revenue are Universal Biofuels Private Limited, Jocil Limited, Industrial Solvents and Chemicals Private Limited, Excel Industries Limited, J.G.Chemicals Limited and 3 more, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Mandar Jayprakash Priolkar was appointed as Additional Director on 20 Sep 2025. Pandurang Suryakant Vernekar was appointed as Additional Director on 20 Sep 2025. Aarti Nanji Parmar ceased to be Company Secretary on 16 Dec 2020. Esteem Industries has 12 board changes on record in total.
Esteem Industries has 15 MSME Form 1 returns on record between 2018 and 2023, listing 4,511 overdue payments to 86 micro and small suppliers. The latest return was filed on 19 Apr 2024.
Esteem Industries can be reached through the website esteem-india.com. Its registered office is in Goa, India.