Etho Polymers and Chemicals Pvt. Ltd.
About Etho Polymers and Chemicals Pvt. Ltd.
Data last updated:
Etho Polymers and Chemicals Pvt. Ltd. is a private limited company based in Maharashtra, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 14 June 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1984PTC033146. Its GSTIN is 27AAACE7514L1ZI (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Etho Polymers and Chemicals Private Limited. It is led by directors Amit Shashikant Desai and Mandakini Shashikant.
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 Plot No. 12 To 15 Co – Opindustrial Estate Chalisgaon., Maharashtra, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.05 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹27.11 Lakh (net margin 13.2%) and EBITDA of ₹36.99 Lakh (EBITDA margin 18%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹20.34 Lakh on record. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Etho Polymers and Chemicals Pvt. Ltd.'s registered office is in Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 12 To 15 Co – Opindustrial Estate Chalisgaon., Maharashtra, India
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Etho Polymers and Chemicals Pvt. Ltd., 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
Business activity
The main business activity of Etho Polymers and Chemicals is manufacturing. In detail, this covers manufacture of basic pharmaceutical products and pharmaceutical preparations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 21 | Manufacture of basic pharmaceutical products and pharmaceutical preparations |
To see the full business activity and turnover split of Etho Polymers and Chemicals Pvt. Ltd., buy the company report.
Financials of Etho Polymers and Chemicals Pvt. Ltd.
FY 2025 filings availableEtho Polymers and Chemicals Pvt. Ltd. reported revenue of ₹2.05 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 17% growth in the latest year. EBITDA rose 33% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹36.99 Lakh | ||||
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| Net Profit (PAT) | ₹27.11 Lakh | ||||
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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% | ||||
| Net Profit Margin | 13.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Etho Polymers and Chemicals Pvt. Ltd., buy the company report.
Board of directors of Etho Polymers and Chemicals Pvt. Ltd.
Etho Polymers and Chemicals has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Shashikant Desai | Director | 15 Dec 1995 | 30 Years 10 Months | Current |
| Mandakini Shashikant | Director | 01 Jun 1992 | 34 Years 5 Months | Current |
Auditor
Etho Polymers and Chemicals Pvt. Ltd. is audited by H.S. SOHONY & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H.S. SOHONY & COMPANY | FY 2023 | 110330W |
Shareholding
The shareholding of Etho Polymers and Chemicals Pvt. Ltd. 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 Etho Polymers and Chemicals Pvt. Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 1994 | 90386171 | State Bank of India | ₹6.22 Lakh | Open | |
| 05 May 1994 | 90377817 | The Saraswat Co- Op. Bank Ltd. | ₹50,000 | Open | |
| 14 Jan 1994 | 90377791 | Canara Bank | ₹2 Lakh | Open | |
| 29 Dec 1990 | 90377636 | The Shamrao Vithal Co- Op Bank Ltd. | ₹2.4 Lakh | Open | |
| 29 Dec 1986 | 90386076 | State Bank of India | ₹4.22 Lakh | Open |
To see the full charge records of Etho Polymers and Chemicals Pvt. Ltd., buy the company report.
Total charge records: 6 View all charges
Legal cases
Etho Polymers and Chemicals Pvt. Ltd. has 8 court cases on record: 5 filed by Etho Polymers and Chemicals, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 3 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed against the company by Assistant Provident Fund Commissioner, Nasik | Disposed |
| Bombay High Court | Appeal | Filed against the company by The Commissioner Provident Fund, Nasik and Another | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Union of India and 2 Ors. | Disposed |
| Bombay High Court | Writ petition | Filed by the company against M/S Samant Bors Through Its Partner | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The State of Mah and Ors | Disposed |
To see the full case history of Etho Polymers and Chemicals Pvt. Ltd., 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 Etho Polymers and Chemicals Pvt. Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Etho Polymers and Chemicals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE7514L1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Etho Polymers and Chemicals Pvt. Ltd., buy the company report.
Recent activity
Etho Polymers and Chemicals Pvt. Ltd. has 4 board changes on record since 1984: 3 appointments and 1 cessation. The latest: Shashikant Gangaram Desai ceased to be Managing Director on 08 Oct 2024.
3 earlier events are in the company report.
Frequently asked questions
Etho Polymers and Chemicals is an active private limited company based in Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 14 June 1984 (42+ years old) and is registered under CIN U99999MH1984PTC033146.
Etho Polymers and Chemicals has 2 current directors:
- Amit Shashikant Desai - Director
- Mandakini Shashikant - Director
The latest financial statements of Etho Polymers and Chemicals 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 Etho Polymers and Chemicals is 27AAACE7514L1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Etho Polymers and Chemicals is U99999MH1984PTC033146. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Etho Polymers and Chemicals has 8 court cases on record: 5 filed by the company and 3 filed against it.
Etho Polymers and Chemicals was incorporated on 14 June 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Shashikant Gangaram Desai ceased to be Managing Director on 08 Oct 2024. Amit Shashikant Desai was appointed as Director on 15 Dec 1995. Mandakini Shashikant was appointed as Director on 01 Jun 1992. Etho Polymers and Chemicals has 4 board changes on record in total.
The registered office of Etho Polymers and Chemicals is at Plot No. 12 To 15 Co – Opindustrial Estate Chalisgaon., Maharashtra, India.
Etho Polymers and Chemicals operates in the chemicals and materials industry, in the industrial chemicals segment.
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