About Flint Group India Private Limited
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Flint Group India Private Limited is a private limited company based in Savli, Gujarat, India, a subsidiary of Flint Ink Mauritius Limited. It operates in the colorants, dyes and pigments segment of the chemicals and materials sector. It was incorporated on 06 January 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U02422GJ1989PTC079311. Its GSTIN is 24AAACI5639L1ZE (Gujarat). The company holds 13 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.43 Cr. It was formerly known as Incowax Private Limited. It is led by directors including Upal Roy (Managing Director) and Sachin Kumar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 2 Shiv Industrial Infrastructure Park Lamdapura, Savli, Gujarat, India – 391775.
As per the financials filed for FY 2025, the company reported a revenue of ₹450.63 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹33.8 Cr (net margin 7.5%) and EBITDA of ₹51.91 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 9% over five years.
The company has about 191 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Flint Group. As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹15 Cr on record. Court records list 107 cases involving the company, including 84 filed by the company and 23 filed against it; 15 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website flintgrp.com.
Company details
CIN history
Flint Group India has one previous CIN (Corporate Identification Number): U02422KA1989PTC009759. The current CIN is U02422GJ1989PTC079311, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U02422GJ1989PTC079311 | Current |
| U02422KA1989PTC009759 | Previous |
Contact details
Flint Group India Private Limited's registered office is in Savli, Gujarat. Its website is flintgrp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 2 Shiv Industrial Infrastructure Park Lamdapura, Savli, Gujarat, India – 391775
- IndustryChemicals and Materials, Colorants, Dyes & Pigments
To see the full contact details of Flint Group India Private Limited, buy the company report.
- 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
Brands
Flint Group India operates one associated brand: Flint Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Flint Group is recognized as a global leader in print consumables for the printing and packaging industries. | flintgrp.com |
Business activity
The main business activity of Flint Group India 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 Flint Group India Private Limited, buy the company report.
Financials of Flint Group India Private Limited
FY 2025 filings availableFlint Group India Private Limited reported revenue of ₹450.63 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 12% growth in the latest year. EBITDA rose 4% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹51.91 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹33.8 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.5% | ||||
| Net Profit Margin | 7.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Flint Group India Private Limited, buy the company report.
Board of directors of Flint Group India Private Limited
Flint Group India has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Upal Roy | Managing Director | 30 Sep 2011 | 15 Years 0 Months | Current |
| Sachin Kumar | Director | 31 Jul 2015 | 11 Years 2 Months | Current |
| Akhilesh Kumawat | Additional Director | 09 Jan 2026 | 0 Years 9 Months | Current |
Peer comparison
Flint Group India Private Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), 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 |
|---|---|---|---|---|---|---|
| Hi- Tech Inks Private Limited | ₹576.56 Cr (FY 2025) | 16.0% | Vapi, Gujarat, India | |||
| Asahi Songwon Colors Limited | ₹566.4 Cr (FY 2025) | 32.0% | Ahmedabad, Gujarat, India | |||
| Neelikon Food Dyes and Chemicals Limited | ₹477.9 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Flint Group India Private Limitedthis company | ₹450.63 Cr (FY 2025) | ₹33.8 Cr | 7.5% | 12.0% | 191 | Savli, Gujarat, India |
| Mazda Colours Limited | ₹416.39 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Ambuja Intermediates Private Limited | ₹398.33 Cr (FY 2025) | 5.0% | Ahmedabad, Gujarat, India | |||
| Poddar Pigments Limited | ₹375.47 Cr (FY 2025) | 0.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Flint Group India Private Limited, buy the company report.
Auditor
Flint Group India Private Limited is audited by Price water House Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price water House Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Flint Group India 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Flint Group India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Dec 2015 | 10611740 | Hdfc Bank Limited | ₹30 Cr | Open | |
| 26 Dec 2005 | 80057141 | Corporation Bank | ₹15 Cr | Satisfied |
To see the full charge records of Flint Group India Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Flint Group India Private Limited has 107 court cases on record: 84 filed by Flint Group India, 23 filed against it. 15 cases are pending and 92 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 69 | 17 | 5 |
| High courts | 21 | 6 | 6 |
| NCLAT | 15 | 0 | 4 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 107)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (LPETN) | Filed against the company by M/S. Geetee Carriers Pvt. Ltd. | Pending |
| NCLT, Chennai | Insolvency matter | Filed by the company against Prakash Flexibles Private Limited | Disposed |
| NCLT, Chennai | Insolvency matter | Filed by the company against Prakash Flexibles Private Limited | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against Pratham Printchem Pvt Ltd and 2 others | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Alpha Project Services Pvt. Ltd. | Disposed |
To see the full case history of Flint Group India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Flint Group India Private Limited has 18 MSME Form 1 returns on record between 2018 and 2024, listing 422 overdue payments to 72 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 72)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Muellerunifab Packaging LLP | |||
| Quality Industries | |||
| Bala Tourist Service | |||
| Rise Techno Solutions | |||
| an individual supplier |
To see the full MSME payment records of Flint Group India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Flint Group India Private Limited has a workforce of 191 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Flint Group India has 13 GST registrations: 5 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI5639L1ZE | Gujarat | Active | 01 Jul 2017 |
| 09AAACI5639L1Z6 | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AAACI5639L1Z5 | West Bengal | Active | 01 Jul 2017 |
| 36AAACI5639L1Z9 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Flint Group India Private Limited, buy the company report.
Recent activity
Flint Group India Private Limited has 19 board changes on record since 1989: 11 appointments and 8 cessations. The latest: Akhilesh Kumawat was appointed as Additional Director on 09 Jan 2026.
14 earlier events are in the company report.
Frequently asked questions
Flint Group India is an active private limited company based in Savli, Gujarat, India. The company works in colorants, dyes and pigments, within the chemicals and materials industry. It was incorporated on 06 January 1989 (37+ years old) and is registered under CIN U02422GJ1989PTC079311.
Flint Group India has 3 current directors:
- Upal Roy - Managing Director
- Sachin Kumar - Director
- Akhilesh Kumawat - Additional Director
The latest financial statements of Flint Group India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Flint Group India is 24AAACI5639L1ZE, registered in Gujarat. The company has 13 GST registrations in all, of which 5 are active and 8 are cancelled or inactive. Other active GSTINs include 09AAACI5639L1Z6 (Uttar Pradesh), 19AAACI5639L1Z5 (West Bengal), 36AAACI5639L1Z9 (Telangana).
The CIN (Corporate Identification Number) of Flint Group India is U02422GJ1989PTC079311. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flint Group India has 107 court cases on record: 84 filed by the company and 23 filed against it. 15 are pending. Most are in the district courts.
Flint Group India was incorporated on 06 January 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Flint Group India by revenue are Hi- Tech Inks Private Limited, Asahi Songwon Colors Limited, Neelikon Food Dyes and Chemicals Limited, Mazda Colours Limited, Ambuja Intermediates Private Limited and 1 more, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Akhilesh Kumawat was appointed as Additional Director on 09 Jan 2026. Ronny Saleem Muawad ceased to be Director on 09 Jan 2026. Paramjeet Singh Sethi ceased to be Director on 06 Jun 2019. Flint Group India has 19 board changes on record in total.
Flint Group India has 18 MSME Form 1 returns on record between 2018 and 2024, listing 422 overdue payments to 72 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Flint Group India can be reached through the website flintgrp.com. Its registered office is in Savli, Gujarat, India.
The registered office of Flint Group India is at Plot No. 2 Shiv Industrial Infrastructure Park Lamdapura, Savli, Gujarat, India – 391775.