Finorchem Limited - Company Profile

It is a chemicals and materials public limited company based in Kolkata, West Bengal, India, established in 1994.
1994 Kolkata, West Bengal, India Active
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About Finorchem Limited

Finorchem Limited, a active public limited company, was established on 31 January 1994 in Kolkata, West Bengal, India. Engaging in specialty chemicals within the manufacturing sector, it holds CIN: U24299WB1994PLC240045. Registered under ROC Roc Kolkata. it is unlisted. It has an authorized capital of ₹75.00 Cr and a paid-up capital of ₹64.66 Cr.

Formerly known as Merchem Private Limited, Grove Chemicals Private Limited. It upholds a compliant status. Employing 454 professional, Its leadership includes Vishwanathramnath Balasubramaniyan (Whole-Time Director), Shyam Kumar Taparia (Whole-Time Director), Balakrishnan Unnikrishnan Nair (Company Secretary). Past directors included Krishnamurthy Mythili, Raj Durairaj, Balasubramanian Jayamani. It holds ₹362.38 Cr open charges and ₹601.49 Cr settled loans. Its latest AGM occurred on 25 September 2025, with the balance sheet filed on 31 March 2025. It is based at 9E, Saket Apartments, 2, Ho Chi Minh Sarani,, Kolkata, West Bengal, 700071.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U24299WB1994PLC240045

  • Registration Number

    240045

  • Incorporation Date

    31 January 1994

  • Authorized Capital

    ₹75.00 Cr

  • Paid-Up Capital

    ₹64.66 Cr

  • ROC Code

    Roc Kolkata

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 75.00 Cr
  • Paid Up Capital ₹ 64.66 Cr
  • Company Age 32 Year, 28 Days
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 362.38 Cr
  • Satisfied Charges ₹ 601.49 Cr
  • Revenue Growth **** 34.96%
  • Profit Growth **** -21.58%
  • Ebitda **** -11.81%
  • Net Worth 19.95%
  • Total Assets **** 12.58%
Company report

Finorchem Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Finorchem 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 Finorchem Limited?
Current Directors
Name Designation Appointment Date Status
Vishwanathramnath Balasubramaniyan Whole-Time Director 10 Feb 2021 Current
Shyam Kumar Taparia Whole-Time Director 21 Nov 2022 Current
Balakrishnan Unnikrishnan Nair Company Secretary 10 Feb 2021 Current
Aditi Holani Whole-Time Director 07 Dec 2021 Current
Narain Holani Managing Director 19 Mar 2019 Current
Varsha Holani Whole-Time Director 07 Dec 2021 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Nominee Director 25 Jun 2009 Past
Pramod Abcsdd Additional Director 29 Sep 2022 Past
Pramod Abcsdd Additional Director 29 Sep 2022 Past
Pramod Abcsdd Nominee Director 25 Jul 2008 Past
Pramod Abcsdd Director 19 Mar 2019 Past
Pramod Abcsdd Additional Director 29 Dec 2021 Past

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Financial Performance of Finorchem.

Finorchem Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 34.96% increase. The company also saw a substantial fall in profitability, with a 21.58% decrease in profit. The company's net worth Soared by an impressive increase of 19.95%.

Finorchem revenue growth over time
Finorchem profit and loss trends over time
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
  • 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
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 34.96%
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Revenue from Operations
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 35.61%
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Total Assets
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 12.58%
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Profit or Loss
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 -21.58%
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Net Worth
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 19.95%
*******
*******
*******
*******
EBITDA
*******
 -11.81%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Finorchem?

In 2023, Finorchem had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • 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

₹3,623,802,000.00

Satisfied Charges

₹6,014,940,000.00

Charges Breakdown by Lending Institutions
  • Citi Bank N.A. : 117.81 Cr
  • Axis Bank Limited : 113.50 Cr
  • Yes Bank Limited : 60.00 Cr
  • Hdfc Bank Limited : 40.42 Cr
  • Others : 30.65 Cr
Latest Charge Details
Date Lender Amount Status
23 Aug 2024 Others ₹1.30 M Open
19 Jul 2024 Others ₹0.54 M Open
03 May 2024 Citi Bank N.A. ₹37.81 Cr Open
12 Apr 2024 Hdfc Bank Limited ₹4.21 M Open
04 Mar 2024 Others ₹30.00 Cr Open

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How Many Employees Work at Finorchem?

Finorchem has a workforce of 454 employees as of Apr 03, 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
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Finorchem, 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 Finorchem's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

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 Finorchem
Recent Activity within the Organization
  • Charges

    Progress on A charge with Citi Bank N.A. of Rs. 37.81 Cr registered on 03 May 2024 with Charge ID 100912752 was modified on 01 Dec 2025. was documented.

  • Annual General Meeting

    The activity Finorchem Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records. was completed.

  • Charges

    Progress on A charge registered on 11 Apr 2023 via Charge ID 100719900 with Hdfc Bank Limited was fully satisfied on 29 Aug 2025. was documented.

  • Charges

    Progress on A charge with Axis Bank Limited of Rs. 35.00 Cr registered on 23 Jul 2021 with Charge ID 100468227 was modified on 16 Apr 2025. was documented.

  • Balance Sheet

    Finorchem Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata. was recorded as a recent event.

  • Charges

    The activity A charge with Yes Bank Limited of Rs. 60.00 Cr registered on 27 Jan 2020 with Charge ID 100360377 was modified on 18 Mar 2025. was completed.

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Frequently Asked Questions
What is the CIN of Finorchem Limited?

The CIN of Finorchem Limited is U24299WB1994PLC240045.

Where is Finorchem Limited headquartered?

Finorchem Limited is headquartered at 9E, Saket Apartments, 2, Ho Chi Minh Sarani,, Kolkata, West Bengal, 700071.

When was Finorchem Limited incorporated?

Finorchem Limited was incorporated on 31 January 1994.

Who are the current directors of Finorchem Limited?

The current directors of Finorchem Limited are

What is the primary industry of Finorchem Limited?

The primary industry of Finorchem Limited is Manufacturing.

Is Finorchem Limited a listed company?

Finorchem Limited is unlisted.

What is the capital structure of Finorchem Limited?

The authorized capital of Finorchem Limited is ₹75.00 Cr, and the paid-up capital is ₹64.66 Cr.

What is the compliance status of Finorchem Limited?

The compliance status of Finorchem Limited is Compliant.

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