Finar Limited - Company Profile

Q: Where is Finar Limited headquartered?

Finar Limited is headquartered at 184-185-186P, Vill: Chacharwadi Vasna, Sarkhej Bavla Highway,Sanand, Ahmedabad, Gujarat, 382110.

It is a chemicals and materials public limited company based in Ahmedabad, Gujarat, India, established in 1998.

1998 Ahmedabad, Gujarat, India Amalgamated

Last Updated: July 26, 2025

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About Finar Limited

Finar Limited, a amalgamated public limited company, was established on 02 September 1998 in Ahmedabad, Gujarat, India. Engaging in specialty chemicals within the manufacturing sector, it holds CIN: U24231GJ1998PLC034615. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹20.00 Cr and a paid-up capital of ₹9.75 Cr.

Formerly known as Finar Chemicals Private Limited, Finar Chemicals Limited. It upholds a compliant status. Employing 238 professional, Its leadership includes James Douglas Steele (Director), Arpit Chandrakant Butala (Cfo), Varun Vijay Rao (Director). Past directors included Nitin Singh, Mahendra Bhansali, Parikshit Narendrabhai Boradia. It holds no open charges and ₹107.53 Cr settled loans. Its latest AGM occurred on 01 September 2023, with the balance sheet filed on 31 March 2023. It is based at 184-185-186/P, Vill: Chacharwadi Vasna, Sarkhej Bavla Highway,Sanand, Ahmedabad, Gujarat, 382110.

Company Details

CIN/LLPIN
U24231GJ1998PLC034615
Registration Number
034615
Incorporation Date
02 September 1998
Authorized Capital
₹20.00 Cr
Paid-Up Capital
₹9.75 Cr
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Amalgamated

Key Metrics

Authorised Capital ₹ 20.00 Cr as on 26-07-2025
Paid Up Capital ₹ 9.75 Cr as on 26-07-2025
Company Age 27 Year, 5 Months
Last Filing with ROC 31 Mar 2023
Satisfied Charges ₹ 107.53 Cr as on 26-07-2025
Revenue Growth **** 16.05% (FY 2023)
Profit Growth **** 94.91% (FY 2023)
Ebitda **** 84.68% (FY 2023)
Net Worth 6.94% (FY 2023)
Total Assets -6.15% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Finar Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Finar Limited?

Current Directors

Name	Designation	Appointment Date	Status
James Douglas Steele	Director	13 May 2021	Current
Arpit Chandrakant Butala	Cfo	17 Jun 2019	Current
Varun Vijay Rao	Director	13 May 2021	Current
Sunil Punjabi	Managing Director	07 Jan 2023	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	18 May 2024	Past
Pramod Abcsdd	Cfo(Kmp)	01 May 2019	Past
Pramod Abcsdd	Director	13 May 2021	Past
Pramod Abcsdd	Director	14 May 2022	Past
Pramod Abcsdd	Additional Director	30 Sep 2021	Past
Pramod Abcsdd	Director	13 May 2021	Past

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Financial Performance of Finar.

Finar Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.05% increase. The company also saw a substantial improvement in profitability, with a 94.91% increase in profit. The company's net worth moved up by a moderate rise of 6.94%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

16.05%

*******

Revenue from Operations

*******

15.82%

*******

Total Assets

*******

-6.15%

*******

Profit or Loss

*******

94.91%

*******

Net Worth

*******

6.94%

*******

EBITDA

*******

84.68%

*******

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What is the Ownership and Shareholding Structure of Finar?

In 2021, Finar had a promoter holding of 99.55% and a public holding of 0.45%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹1,075,288,000.00

Charges Breakdown by Lending Institutions

Others : 107.30 Cr
Hdfc Bank Limited : 0.23 Cr

Latest Charge Details

Date	Lender	Amount	Status
29 Feb 2020	Hdfc Bank Limited	₹2.00 M	Satisfied
29 Jan 2009	Hdfc Bank Limited	₹0.29 M	Satisfied
24 Nov 2000	Others	₹53.65 Cr	Satisfied
12 Sep 2000	Others	₹53.65 Cr	Satisfied

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How Many Employees Work at Finar?

Finar has a workforce of 238 employees as of Apr 02, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Finar, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Finar's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Finar

Recent Activity within the Organization

Director Appointment

Arpit Chandrakant Butala was appointed as a CFO was appointed as a CFO on 16 Feb 2024 & has been associated with this company since 1 year 11 months . was recorded as a recent event.
16 Feb 2024
Annual General Meeting

Progress on Finar Limited last Annual general meeting of members was held on 01 Sep 2023 as per latest MCA records. was documented.
01 Sep 2023
Balance Sheet

Finar Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad. was recorded as a recent event.
31 Mar 2023
Director Appointment

Progress on Sunil Punjabi was appointed as a Managing Director was appointed as a Managing Director on 07 Jan 2023 & has been associated with this company since 3 years 1 month . was documented.
07 Jan 2023
Charges

A charge registered on 29 Feb 2020 via Charge ID 100327907 with Hdfc Bank Limited was fully satisfied on 25 May 2021. was recorded as a recent event.
25 May 2021
Charges

The activity A charge registered on 24 Nov 2000 via Charge ID 80007283 with Others was fully satisfied on 13 May 2021. was completed.
13 May 2021

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