MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0043643
Expresolv Limited - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹36.67 Cr
▲ 26% YoY
Net profit · FY 2024
₹49.79 Lakh
Net margin 1.4%
EBITDA · FY 2024
₹2.86 Cr
EBITDA margin 7.8%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹2.06 Cr
Issued & subscribed
Open charges
₹18.45 Cr
Satisfied ₹13.73 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
34
Provident fund records
About Expresolv Limited
Data last updated:
Expresolv Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 18 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2016PLC092972. Its GSTIN is 24AAECE3336Q1ZE (Gujarat).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.06 Cr. It was formerly known as Expresolv Private Limited. It is led by directors including Arvindbhai Hirabhai Patel and Piyush Ishwarbhai Satvara.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2 Ozone Industrial Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹36.67 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹49.79 Lakh (net margin 1.4%) and EBITDA of ₹2.86 Cr (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years and 57% over five years.
The company has about 34 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Expresolv Limited. As per MCA filings, the company has open charges of ₹18.45 Cr and satisfied charges of ₹13.73 Cr on record.
Expresolv Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0043643). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website expresolv.com.
Company details
CIN U51909GJ2016PLC092972
Registration Number 092972
Incorporation Date 18 July 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0043643
CIN history
Expresolv has one previous CIN (Corporate Identification Number): U51909GJ2016PTC092972. The current CIN is U51909GJ2016PLC092972, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909GJ2016PLC092972 | Current |
| U51909GJ2016PTC092972 | Previous |
Key People
Arvindbhai Hirabhai Patel Director Piyush Ishwarbhai Satvara Director Joitiben Hirabhai Patel Director Recognitions & Rankings of Expresolv
Contact details
Expresolv Limited's registered office is in Ahmedabad, Gujarat. Its website is expresolv.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNew Block No. 108 Plot No. 54 Phase – 2 Ozone Industrial Park Bavla – Bagodara Highway, Bavla, Ahmedabad, Gujarat, India – 382220
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Expresolv Limited, buy the company report.
Comprehensive company report
Expresolv 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
Expresolv operates one associated brand: Expresolv Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fine chemicals manufacturing, distribution, and technical support in the pharmaceutical sector. | expresolv.com |
Business activity
The main business activity of Expresolv is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| 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 |
To see the full business activity and turnover split of Expresolv Limited, buy the company report.
Financials of Expresolv Limited
FY 2024 filings availableExpresolv Limited reported revenue of ₹36.67 Cr (up 26% YoY) for FY 2024.
Revenue · FY 2024
₹36.67 Cr ▲ 26%
Net profit · FY 2024
₹49.79 Lakh margin 1.4%
EBITDA · FY 2024
₹2.86 Cr margin 7.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 45%
5 years · compounded
▲ 57%
EBITDA CAGR growth
1 year
▲ 74%
3 years · compounded
▲ 68%
5 years · compounded
▲ 104%
Revenue has grown at a compounded annual rate (CAGR) of 57% over five years, including 26% growth in the latest year. EBITDA rose 74% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹36.67 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹49.79 Lakh | ||||
| 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 | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.8% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 Expresolv Limited, buy the company report.
Board of directors of Expresolv Limited
Expresolv has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arvindbhai Hirabhai Patel Also directs: A.And A.Orgo Chem Private Limited | Director | 18 Jul 2016 | 10 Years 3 Months | Current |
| Piyush Ishwarbhai Satvara | Director | 01 Jul 2021 | 5 Years 4 Months | Current |
| Joitiben Hirabhai Patel | Director | 04 Jun 2021 | 5 Years 5 Months | Current |
| Aayush Patel Also directs: Expresolv Foundation | Director | 04 Jun 2021 | 5 Years 5 Months | Current |
| Geetaben Arvindbhai Patel Also directs: A.And A.Orgo Chem Private Limited, Expresolv Foundation | Director | 18 Jul 2016 | 10 Years 3 Months | Current |
Peer comparison
Expresolv Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Specialty 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 |
|---|---|---|---|---|---|---|
| Megafine Speciality Chemicals Private Limited | ₹36.91 Cr (FY 2025) | 6.0% | Ahmedabad, Gujarat, India | |||
| Gitanjali Chemicals Private Limited | ₹36.72 Cr (FY 2024) | -21.0% | Mumbai, Maharashtra, India | |||
| Cubane Speciality Chemicals Private Limited | ₹36.67 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| Expresolv Limitedthis company | ₹36.67 Cr (FY 2024) | ₹49.79 Lakh | 1.4% | 26.0% | 34 | Ahmedabad, Gujarat, India |
| Innocule Materials and Additives Private Limited | ₹36.41 Cr (FY 2025) | 27.0% | Sarua, Odisha, India | |||
| Pearl Farben Chem Private Limited | ₹36.29 Cr (FY 2025) | 50.0% | Mumbai, Maharashtra, India | |||
| Shemrock Organics Private Limited | ₹36.28 Cr (FY 2018) | -31.0% | Chandigarh, India | |||
| Kip Chemicals Private Limited | ₹36.04 Cr (FY 2024) | 74.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Expresolv Limited, buy the company report.
Auditor
Expresolv Limited is audited by H S K & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H S K & CO LLP | FY 2024 | 117014W |
Shareholding
The shareholding of Expresolv Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Expresolv Limited, buy the company report.
Charges & borrowings
Open charges
₹18.45 Cr
Satisfied charges
₹13.73 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2024 | 100871249 | Others | ₹18.45 Cr | Open | |
| 07 Mar 2022 | 100547590 | The Kalupur Commercial Co-Operative Bank Limited | ₹13.73 Cr | Satisfied |
To see the full charge records of Expresolv Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Expresolv Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Expresolv Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Expresolv Limited has a workforce of 34 employees on its EPFO records as of Sep 23, 2025, across 1 active EPFO establishment.
Employee count
34
Active EPFO establishments
1
Employee growth
9.68%
GST
Expresolv has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECE3336Q1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Expresolv Limited, buy the company report.
Recent activity
Expresolv Limited has 8 board changes on record since 2016: 5 appointments and 3 cessations. The latest: Aayush Patel ceased to be Additional Director on 01 Sep 2021.
Charges
A charge with Others of Rs. 18.45 Cr registered on 22 Jan 2024 with Charge ID 100871249 was modified on 20 Dec 2024.
AGM
Expresolv Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Expresolv Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 07 Mar 2022 via Charge ID 100547590 with The Kalupur Commercial Co-Operative Bank Limited was fully satisfied on 01 Feb 2024.
Charges
A charge with Others amounted to Rs. 18.45 Cr with Charge ID 100871249 was registered on 22 Jan 2024.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited of Rs. 13.73 Cr registered on 07 Mar 2022 with Charge ID 100547590 was modified on 22 Jun 2023.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited amounted to Rs. 13.73 Cr with Charge ID 100547590 was registered on 07 Mar 2022.
Ceased
Aayush Patel ceased to be Additional Director.
Ceased
Joitiben Hirabhai Patel ceased to be Additional Director.
Ceased
Piyush Ishwarbhai Satvara ceased to be Additional Director.
Appointed
Piyush Ishwarbhai Satvara was appointed as Director.
Appointed
Aayush Patel was appointed as Director.
4 earlier events are in the company report.
Frequently asked questions
Expresolv is an active public limited company based in Ahmedabad, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 18 July 2016 (10+ years old) and is registered under CIN U51909GJ2016PLC092972.
Expresolv has 5 current directors:
- Arvindbhai Hirabhai Patel - Director
- Piyush Ishwarbhai Satvara - Director
- Joitiben Hirabhai Patel - Director
- Aayush Patel - Director
- Geetaben Arvindbhai Patel - Director
The latest financial statements of Expresolv on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Expresolv is 24AAECE3336Q1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Expresolv is U51909GJ2016PLC092972. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Expresolv was incorporated on 18 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Expresolv by revenue are Megafine Speciality Chemicals Private Limited, Gitanjali Chemicals Private Limited, Cubane Speciality Chemicals Private Limited, Innocule Materials and Additives Private Limited, Pearl Farben Chem Private Limited and 2 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Aayush Patel ceased to be Additional Director on 01 Sep 2021. Joitiben Hirabhai Patel ceased to be Additional Director on 01 Sep 2021. Piyush Ishwarbhai Satvara ceased to be Additional Director on 01 Sep 2021. Expresolv has 8 board changes on record in total.
Yes, Expresolv is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0043643).
Expresolv can be reached through the website expresolv.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Expresolv is at New Block No. 108 Plot No. 54 Phase – 2 Ozone Industrial Park Bavla – Bagodara Highway, Bavla, Ahmedabad, Gujarat, India – 382220.
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