About Finar Limited
Data last updated: 26 July 2025
Finar Limited was a public limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It specialised in specialty chemicals, a part of the broader chemicals and materials sector. Incorporated on 02 September 1998.
Registered with ROC Ahmedabad under CIN U24231GJ1998PLC034615.
Capital: an authorised share capital of ₹20 Cr and a paid-up capital of ₹9.75 Cr. Formerly known as Finar Chemicals Private Limited and Finar Chemicals Limited. It was led by directors including James Douglas Steele and Varun Vijay Rao.
Last AGM: 01 September 2023. Financial statements filed for year ended 31 March 2023. Office: 184 – 185 – 186/P Vill: Chacharwadi Vasna Sarkhej Bavla Highway Sanand, Ahmedabad, Gujarat, India – 382110.
As per the financials filed for FY 2023, the company reported a revenue of ₹331.49 Cr, a growth of 16% compared to the previous year.
The company had a reported workforce of approximately 238 employees prior to being dissolved.
The company was associated with 1 brand - Finar. As per MCA filings, the company had satisfied charges of ₹107.53 Cr on record.
The company has been merged (amalgamated) with another entity and no longer exists separately. Business activities, if any, continue under the successor entity. The last known website on record is finarchemicals.com.
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Registered Address184 – 185 – 186/P Vill: Chacharwadi Vasna Sarkhej Bavla Highway Sanand, Ahmedabad, Gujarat, India – 382110
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IndustryChemicals and Materials, Specialty Chemicals
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Finar Limited
Finar Limited has undergone 3 name changes throughout its history. The company was previously known as Finar Chemicals Private Limited, Finar Chemicals Limited, and Finar Chemicals (India) Private Limited. The current legal name is Finar Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Finar Limited | Current |
| Finar Chemicals Private Limited | Previous |
| Finar Chemicals Limited | Previous |
| Finar Chemicals (India) Private Limited | Previous |
Associated Brands with Finar Limited
Finar Limited operates one associated brand: Finar. These brands represent Finar Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of excipients, solvents, lab chemicals, food additives, and other fine chemicals | finarchemicals.com |
Competitors & Alternatives of Finar Limited
Brands and companies operating in the same space as Finar Limited include Colorcon, DFE Pharma, Crest Cellulose and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Colorcon
|
Developer of specialty excipients and corporate-backed venture capital fund focused on healthcare startups | Harleysville, United States, United States | 1961 |
DFE Pharma
|
Developer and manufacturer of excipients for oral solid dosage forms and dry powder inhalations | Goch, Germany, Germany | 2011 |
Crest Cellulose
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Pharmaceutical excipients and food ingredients are developed and manufactured. | Hyderabad, India, India | 2011 |
Scope Ingredients
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Formulations, warehousing, and logistics services for pharmaceuticals are provided. | Chennai, India, India | 1959 |
Pfanstiehl
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APIs, injectable excipients, and bioprocessing solutions are manufactured. | Waukegan, United States, United States | 1919 |
Vikram Thermo
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Manufacturer of excipients for small molecules | Ahmedabad, India, India | 1984 |
SPI Pharma
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Excipient products and formulations are manufactured for pharmaceutical uses. | Wilmington, United States, United States | 2000 |
Meggle Pharma
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Develops and manufactures pharmaceutical excipients for the industry. | Wasserburg Am Inn, Germany, Germany | 2005 |
JRS Pharma
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Supplies excipients, coatings, and technical services for health sciences worldwide. | Baden Baden, Germany, Germany | 1878 |
Boai Nky Pharmaceuticals
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Develops and manufactures pharmaceutical excipients, specializing in PVP products. | Jiaozuo, China, China | 1987 |
Business Activity of Finar Limited
Finar Limited is engaged in the principal business activity of manufacturing, with detailed activities including chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details for Finar Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Finar Limited
Finar Limited is audited by Talati & Talati LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Talati & Talati LLP | Locked | Locked | Locked |
Complete auditor history for Finar Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Finar Limited
Finar Limited currently reports 3 directors and 1 key managerial person. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| James Douglas Steele | Director | 13 May 2021 | 5 Years 3 Months | As last reported |
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Arpit Chandrakant Butala
Also directs:
Aceto Pharma (India) Private Limited
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Cfo | 17 Jun 2019 | 7 Years 2 Months | As last reported |
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Varun Vijay Rao
Also directs:
Aceto Pharma (India) Private Limited
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Director | 13 May 2021 | 5 Years 3 Months | As last reported |
| Sunil Punjabi | Managing Director | 07 Jan 2023 | 3 Years 7 Months | As last reported |
Financials of Finar Limited FY 2023 filings available
Finar Limited reported revenue of ₹331.49 Cr (up 16.00% YoY) for FY 2023.
Ten-year financial statements for Finar Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Finar Limited
Shareholding and ownership data for Finar Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Finar Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Feb 2020 | Hdfc Bank Limited | ₹20 Lakh | Satisfied |
| 29 Jan 2009 | Hdfc Bank Limited | ₹2.88 Lakh | Satisfied |
| 24 Nov 2000 | Others | ₹53.65 Cr | Satisfied |
| 12 Sep 2000 | Others | ₹53.65 Cr | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Finar Limited
Finar Limited has a workforce of 238 employees as of Apr 02, 2024.
Employee and EPFO history for Finar Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Finar Limited
GST registrations and filing compliance for Finar Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Finar Limited
Credit ratings, litigation, and regulatory alerts for Finar Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Finar Limited
MSME payment history for Finar Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Finar Limited
Corporate group structure for Finar Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Finar Limited
MCA filings and documents for Finar Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Finar Limited
Frequently Asked Questions about Finar Limited
Finar Limited has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Finar Limited is a amalgamated public limited company in the chemicals and materials sector based in Ahmedabad, Gujarat, India. It was incorporated on 02 September 1998 and is registered under CIN U24231GJ1998PLC034615. The company was amalgamated as per MCA records and no longer exists as a legal entity.
Finar Limited was incorporated on 02 September 1998. Registered with ROC Ahmedabad.
The current directors and KMP of Finar Limited are:
- James Douglas Steele - Director
- Arpit Chandrakant Butala - Cfo
- Varun Vijay Rao - Director
- Sunil Punjabi - Managing Director
The CIN (Corporate Identification Number) of Finar Limited is U24231GJ1998PLC034615. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The primary industry of Finar Limited is chemicals and materials. The company specifically operates in specialty chemicals.