Fairmate Chemicals Private Limited

Fairmate Chemicals Private Limited - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U65910GJ1995PTC026528 Incorporated 27 June 1995 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company chemicals and materials MSME · Medium
Revenue · FY 2024
₹114.67 Cr
▲ 32% YoY
Net profit · FY 2024
₹1.61 Cr
Net margin 1.4%
EBITDA · FY 2024
₹4.93 Cr
EBITDA margin 4.3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹30 Lakh
Issued & subscribed
Open charges
₹41.69 Cr
Satisfied ₹17.68 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
2
Provident fund records

About Fairmate Chemicals Private Limited

Data last updated:

Fairmate Chemicals Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 27 June 1995 and has been in existence for over 31 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65910GJ1995PTC026528. Its GSTIN is 24AAACF1778M1ZF (Gujarat). The company holds 9 GST registrations, of which 8 are active.

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Bhavesh Baldevbhai Shah and Rakesh Baldevbhai Shah.

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 1514 Ranchhod Bhavan Motivasan Sheri Saraspur, Ahmedabad, Gujarat, India – 380008.

As per the financials filed for FY 2024, the company reported a revenue of ₹114.67 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹1.61 Cr (net margin 1.4%) and EBITDA of ₹4.93 Cr (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 9% over five years.

The company has about 2 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹41.69 Cr and satisfied charges of ₹17.68 Cr on record. Court records list 138 cases involving the company, including 45 filed by the company and 93 filed against it; 29 cases are pending. The company has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹12.3 Lakh; the latest was in February 2023. Its 10 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 5 smaller; the largest is Novaphene Specialities Private Limited with revenue of ₹116.99 Cr. The company has 6 MSME Form 1 returns on record between 2017 and 2021, listing 105 overdue payments to 14 micro and small suppliers.

Fairmate Chemicals Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0003085). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fairmate.com.

Company details

CIN U65910GJ1995PTC026528
Registration Number 026528
Incorporation Date 27 June 1995
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-24-0003085
Key People
Bhavesh Baldevbhai Shah Director Rakesh Baldevbhai Shah Director

Recognitions & Rankings of Fairmate Chemicals

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-24-0003085

Contact details

Fairmate Chemicals Private Limited's registered office is in Ahmedabad, Gujarat. Its website is fairmate.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    fairmate.com
  • Social Media
  • Registered Address
    1514 Ranchhod Bhavan Motivasan Sheri Saraspur, Ahmedabad, Gujarat, India – 380008
  • Industry
    Chemicals and Materials, Industrial Chemicals

To see the full contact details of Fairmate Chemicals Private Limited, buy the company report.

Comprehensive company report
Fairmate Chemicals 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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Business activity

The main business activity of Fairmate Chemicals is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Fairmate Chemicals Private Limited, buy the company report.

Financials of Fairmate Chemicals Private Limited

FY 2024 filings available

Fairmate Chemicals Private Limited reported revenue of ₹114.67 Cr (up 32% YoY) for FY 2024.

Revenue · FY 2024
₹114.67 Cr ▲ 32%
Net profit · FY 2024
₹1.61 Cr margin 1.4%
EBITDA · FY 2024
₹4.93 Cr margin 4.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 32%
3 years · compounded
▲ 27%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 31%
3 years · compounded
▲ 30%
5 years · compounded
▲ 16%

Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 32% growth in the latest year. EBITDA rose 31% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹4.93 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.61 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
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin4.3%
Net Profit Margin1.4%
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 Fairmate Chemicals Private Limited, buy the company report.

Board of directors of Fairmate Chemicals Private Limited

Fairmate Chemicals has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Bhavesh Baldevbhai Shah
Also directs: Fairmate Chemcore Private Limited, FM Drymix Private Limited, Fairmate Brothers Technicals Services Private Limited
Director01 Apr 199927 Years 7 MonthsCurrent
Rakesh Baldevbhai Shah
Also directs: FM Drymix Private Limited, Fairmate Brothers Technicals Services Private Limited, Ultra Fairmate Private Limited
Director01 Apr 199729 Years 7 MonthsCurrent
View all directors

Peer comparison

Fairmate Chemicals Private Limited is compared with the 10 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Novaphene Specialities Private Limited₹116.99 Cr (FY 2025)24.0%Mumbai, Maharashtra, India
Ajanta Polymers Private Limited₹116.46 Cr (FY 2025)21.0%New Delhi, Delhi, India
S.R. Drugs and Intermediates Pvt.Ltd.₹115.49 Cr (FY 2025)-76.0%Hyderabad, Telangana, India
Cera-Chem Private Limited₹115.05 Cr (FY 2025)9.0%Chennai, Tamil Nadu, India
LRC Speciality Chemicals Private Limited₹115.04 Cr (FY 2024)-35.0%Mumbai, Maharashtra, India
Fairmate Chemicals Private Limitedthis company₹114.67 Cr (FY 2024)₹1.61 Cr1.4%32.0%2Ahmedabad, Gujarat, India
Rishabh Metals & Chemicals Private Limited₹114.66 Cr (FY 2025)9.0%Mumbai, Maharashtra, India
Godavari Drugs Limited₹114.33 Cr (FY 2025)-27.0%Secunderabad, Telangana, India
Orient Micro Abrasives Limited₹113.98 Cr (FY 2024)-1.0%Delhi, India
VDH Chem Tech Private Limited₹113.57 Cr (FY 2025)-28.0%Delhi, India
K B Chlorination Private Limited₹112.4 Cr (FY 2025)27.0%Vadodara, Gujarat, India

To see the full peer comparison of Fairmate Chemicals Private Limited, buy the company report.

Auditor

Fairmate Chemicals Private Limited is audited by J. P. Patel & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
J. P. Patel & Co.FY 2023107708W

Shareholding

The shareholding of Fairmate Chemicals 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Fairmate Chemicals Private Limited, buy the company report.

Charges & borrowings

Open charges
₹41.69 Cr
Satisfied charges
₹17.68 Cr
Breakdown by lending institutions
Others₹40.31 Cr
Hdfc Bank Limited₹1.38 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
15 Apr 2023100717595Hdfc Bank Limited₹21 LakhOpen
15 Apr 2023100717915Hdfc Bank Limited₹8 LakhOpen
30 Nov 2022100653932Others₹19.47 CrOpen
30 Sep 2022100612474Others₹19.47 CrOpen
30 Jun 2022100596878Others₹76.5 LakhOpen

To see the full charge records of Fairmate Chemicals Private Limited, buy the company report.

Total charge records: 14 View all charges

Deals & funding

Fairmate Chemicals Private Limited has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹12.3 Lakh; the latest was in February 2023.

Total deals
3
Rights issue
1
Funding round
1
Secondary share transfer
1
Disclosed funding
₹12.3 Lakh

Deals on record (3 of 3)

WhenDealAmountParties
Feb 2023Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 4 individuals
Mar 2016Rights issue₹10 LakhInvestors: 2 individuals
Sep 2008Funding round₹12.3 LakhInvestors: 3 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Fairmate Chemicals Private Limited has 6 MSME Form 1 returns on record between 2017 and 2021, listing 105 overdue payments to 14 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 14)

SupplierAmount dueDue sinceReported on
an individual supplier
Uma Corrupack Industries
Bhavya Containers & Estate Company
Vasujaval Plastics
Bhavya Containers & Estate Company

To see the full MSME payment records of Fairmate Chemicals Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Fairmate Chemicals Private Limited has a workforce of 2 employees on its EPFO records as of Aug 2025, across 1 active EPFO establishment.

Employee count
2
Active EPFO establishments
1
Employee growth
-97.6%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2025-262
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Fairmate Chemicals Private Limited, buy the company report.

GST

Fairmate Chemicals has 9 GST registrations: 8 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
9
Active
8
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AAACF1778M1ZFGujaratActive01 Jul 2017
03AAACF1778M1ZJPunjabActive01 Jul 2017
09AAACF1778M1Z7Uttar PradeshActive01 Jul 2017
29AAACF1778M1Z5KarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Fairmate Chemicals Private Limited, buy the company report.

Recent activity

Fairmate Chemicals Private Limited has 4 board changes on record since 1997: 3 appointments and 1 cessation. The latest: Umeshbhai Baldevbhai Shah ceased to be Director on 01 Apr 2011.

AGM
Fairmate Chemicals Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Fairmate Chemicals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 1,947.00 Lakh registered on 30 Nov 2022 with Charge ID 100653932 was modified on 09 Feb 2024.
Charges
A charge with Others of Rs. 1,947.00 Lakh registered on 30 Sep 2022 with Charge ID 100612474 was modified on 25 Jan 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 21.00 Lakh with Charge ID 100717595 was registered on 15 Apr 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 8.00 Lakh with Charge ID 100717915 was registered on 15 Apr 2023.
Charges
A charge with Others amounted to Rs. 1,947.00 Lakh with Charge ID 100653932 was registered on 30 Nov 2022.
Charges
A charge registered on 19 Oct 2021 via Charge ID 100516730 with Others was fully satisfied on 18 Nov 2022.
Charges
A charge registered on 14 Nov 2019 via Charge ID 100312614 with Others was fully satisfied on 18 Nov 2022.
Charges
A charge with Others amounted to Rs. 1,947.00 Lakh with Charge ID 100612474 was registered on 30 Sep 2022.
Charges
A charge with Others amounted to Rs. 76.50 Lakh with Charge ID 100596878 was registered on 30 Jun 2022.
Charges
A charge with Others of Rs. 26.36 Lakh registered on 19 Oct 2021 with Charge ID 100516730 was modified on 27 Jan 2022.

21 earlier events are in the company report.

Frequently asked questions

Fairmate Chemicals is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 27 June 1995 (31+ years old) and is registered under CIN U65910GJ1995PTC026528.

Fairmate Chemicals has 2 current directors:

The latest financial statements of Fairmate Chemicals 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 2015 are in the company report.

The GSTIN of Fairmate Chemicals is 24AAACF1778M1ZF, registered in Gujarat. The company has 9 GST registrations in all, of which 8 are active and 1 is cancelled or inactive. Other active GSTINs include 03AAACF1778M1ZJ (Punjab), 09AAACF1778M1Z7 (Uttar Pradesh), 29AAACF1778M1Z5 (Karnataka).

The CIN (Corporate Identification Number) of Fairmate Chemicals is U65910GJ1995PTC026528. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Fairmate Chemicals has 138 court cases on record: 45 filed by the company and 93 filed against it. 29 are pending. Most are in the district courts.

Fairmate Chemicals was incorporated on 27 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Fairmate Chemicals has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹12.3 Lakh; the latest was in February 2023.

The peers of Fairmate Chemicals by revenue are Novaphene Specialities Private Limited, Ajanta Polymers Private Limited, S.R. Drugs and Intermediates Pvt.Ltd, Cera-Chem Private Limited, LRC Speciality Chemicals Private Limited and 5 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Umeshbhai Baldevbhai Shah ceased to be Director on 01 Apr 2011. Umeshbhai Baldevbhai Shah was appointed as Director on 01 Sep 2000. Bhavesh Baldevbhai Shah was appointed as Director on 01 Apr 1999. Fairmate Chemicals has 4 board changes on record in total.

Yes, Fairmate Chemicals is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-24-0003085).

Fairmate Chemicals has 6 MSME Form 1 returns on record between 2017 and 2021, listing 105 overdue payments to 14 micro and small suppliers. The latest return was filed on 05 May 2021.