Gangwal Chemicals Pvt Ltd

Gangwal Chemicals Pvt Ltd - pharma in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U24110MH1987PTC045235 Incorporated 10 November 1987 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company pharma MSME
Revenue · FY 2024
₹23.32 Cr
▲ 2264302% YoY
Net profit · FY 2024
₹50.31 Lakh
Net margin 2.2%
EBITDA · FY 2024
₹65.31 Lakh
EBITDA margin 2.8%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹3.7 Cr
Issued & subscribed
Satisfied charges
₹93.75 Cr
No open charges
Company age
39 yrs
Est. 1987
Employees · EPFO
33
Provident fund records

About Gangwal Chemicals Pvt Ltd

Data last updated:

Gangwal Chemicals Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Barentz India Private Limited. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 10 November 1987 and has been in existence for over 39 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1987PTC045235. Its GSTIN is 27AAACG1463E1ZZ (Maharashtra).

The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹3.7 Cr. It is led by directors Mitesh Dilip Jain and Geeta Satpal Varma.

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 Mumbai, Maharashtra.

As per the financials filed for FY 2024, the company reported a revenue of ₹23.32 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹50.31 Lakh (net margin 2.2%) and EBITDA of ₹65.31 Lakh (EBITDA margin 2.8%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 31% over five years.

The company has about 33 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Gangwal Chemicals. As per MCA filings, the company has satisfied charges of ₹93.75 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it; 1 case is pending. The company has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹25 Lakh; the latest was in January 2022. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 65 overdue payments to 28 micro and small suppliers.

Gangwal Chemicals Pvt Ltd is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-18-0007743). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gangwalchem.com.

Company details

CIN U24110MH1987PTC045235
Registration Number 045235
Incorporation Date 10 November 1987
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Barentz India Private Limited
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-18-0007743

CIN history

Gangwal Chemicals has one previous CIN (Corporate Identification Number): U24110MH1990PTC045235. The current CIN is U24110MH1987PTC045235, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U24110MH1987PTC045235Current
U24110MH1990PTC045235Previous
Key People
Mitesh Dilip Jain Director Geeta Satpal Varma Director

Recognitions & Rankings of Gangwal Chemicals

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-MH-18-0007743

Contact details

Gangwal Chemicals Pvt Ltd's registered office is in Mumbai, Maharashtra. Its website is gangwalchem.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    gangwalchem.com
  • Social Media
  • Registered Address
    521 Wing B Mastermind 1 Premises Royal Palms, Aarey Colony No. 169 Nr Unit No 26, Mumbai, Maharashtra, India – 400065
  • Industry
    Pharma, API Manufacturers

To see the full contact details of Gangwal Chemicals Pvt Ltd, buy the company report.

Comprehensive company report
Gangwal Chemicals Pvt Ltd - 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Gangwal Chemicals operates one associated brand: Gangwal Chemicals. Each brand links to its own profile.

BrandDescriptionWebsite
Gangwal Chemicals
Specialty APIs, intermediates, excipients, sweeteners, and extracts are manufactured.gangwalchem.com

Business activity

The main business activity of Gangwal Chemicals is trade. In detail, this covers retail trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG2Retail Trading

To see the full business activity and turnover split of Gangwal Chemicals Pvt Ltd, buy the company report.

Financials of Gangwal Chemicals Pvt Ltd

FY 2024 filings available

Gangwal Chemicals Pvt Ltd reported revenue of ₹23.32 Cr (up 2264302% YoY) for FY 2024.

Revenue · FY 2024
₹23.32 Cr ▲ 2264302%
Net profit · FY 2024
₹50.31 Lakh margin 2.2%
EBITDA · FY 2024
₹65.31 Lakh margin 2.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
3 years · compounded
▼ 50%
5 years · compounded
▼ 31%
EBITDA CAGR growth
1 year
▲ 101%
3 years · compounded
▼ 37%
5 years · compounded
▼ 31%

Revenue has declined at a compounded annual rate (CAGR) of 31% over five years. EBITDA rose 101% 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₹23.32 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹65.31 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹50.31 Lakh
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 Margin2.8%
Net Profit Margin2.2%
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 Gangwal Chemicals Pvt Ltd, buy the company report.

Board of directors of Gangwal Chemicals Pvt Ltd

Gangwal Chemicals has 2 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mitesh Dilip JainDirector25 Jan 20242 Years 9 MonthsCurrent
Geeta Satpal VarmaDirector25 Jan 20242 Years 9 MonthsCurrent
View all directors

Auditor

Gangwal Chemicals Pvt Ltd is audited by KOMANDOOR & CO. LLP for the financial year 2024.

Auditor firmFinancial yearFirm registration number
KOMANDOOR & CO. LLPFY 2024001420S/S200034

Shareholding

The shareholding of Gangwal Chemicals Pvt Ltd is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Gangwal Chemicals Pvt Ltd, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹93.75 Cr
Breakdown by lending institutions
Citi Bank N.A.₹53.00 Cr
Others₹15.80 Cr
Dbs Bank Ltd₹15.00 Cr
Citibank N. A.₹4.00 Cr
3I Infotech Trusteeship Services Limited₹3.52 Cr
Others₹2.43 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
02 Jul 2019100276820Dbs Bank Ltd₹15 CrSatisfied
20 Mar 2019100274302Citi Bank N.A.₹29 CrSatisfied
28 Dec 2018100238680Others₹11.8 CrSatisfied
05 Feb 2018100182247Others₹4 CrSatisfied
13 Mar 200910147949Icici Bank Limited₹1.56 CrSatisfied

To see the full charge records of Gangwal Chemicals Pvt Ltd, buy the company report.

Total charge records: 10 View all charges

Deals & funding

Gangwal Chemicals Pvt Ltd has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹25 Lakh; the latest was in January 2022.

Total deals
2
Secondary share transfer
1
Funding round
1
Disclosed funding
₹25 Lakh

Deals on record (2 of 2)

WhenDealAmountParties
Jan 2022Secondary share transferUndisclosedBuyer: Barentz India Private Limited
Seller: 3 individuals
Mar 2008Funding round₹25 LakhInvestors: an individual

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

Credit ratings & regulatory alerts

Gangwal Chemicals Pvt Ltd was last rated by Crisil on 03 Nov 2020.

Rating agencyRated onRating
Crisil03 Nov 2020

To see the full credit ratings and regulatory alerts of Gangwal Chemicals Pvt Ltd, buy the company report.

MSME payment delays

Gangwal Chemicals Pvt Ltd has 11 MSME Form 1 returns on record between 2019 and 2023, listing 65 overdue payments to 28 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 28)

SupplierAmount dueDue sinceReported on
J. K. Transport & Logistics Private Limited
Natura Biotechnol Private Limited
Avlaan Pharmaceutical Private Limited
DKSH India Private Limited
an individual supplier

To see the full MSME payment records of Gangwal Chemicals Pvt Ltd, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Gangwal Chemicals Pvt Ltd has a workforce of 33 employees on its EPFO records as of Jul 2023, across 1 active EPFO establishment.

Employee count
33
Active EPFO establishments
1
Employee growth
-2.9%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2023-2433
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 Gangwal Chemicals Pvt Ltd, buy the company report.

GST

Gangwal Chemicals has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACG1463E1ZZMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Gangwal Chemicals Pvt Ltd, buy the company report.

Recent activity

Gangwal Chemicals Pvt Ltd has 19 board changes on record since 2011: 2 appointments and 17 cessations. The latest: Geeta Satpal Varma ceased to be Additional Director on 29 Sep 2024.

AGM
Gangwal Chemicals Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Geeta Satpal Varma ceased to be Additional Director.
Ceased
Mitesh Dilip Jain ceased to be Additional Director.
Charges
A charge registered on 20 Mar 2019 via Charge ID 100274302 with Citi Bank N.A. was fully satisfied on 06 May 2024.
Filing
Gangwal Chemicals Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 02 Jul 2019 via Charge ID 100276820 with Dbs Bank Ltd was fully satisfied on 02 Feb 2024.
Appointed
Geeta Satpal Varma was appointed as Director.
Appointed
Mitesh Dilip Jain was appointed as Director.
Ceased
Pranay Anil Jain ceased to be Director.
Ceased
Ng Keng Leong ceased to be Additional Director.
Charges
A charge with Dbs Bank Ltd of Rs. 15.00 Cr registered on 02 Jul 2019 with Charge ID 100276820 was modified on 18 Aug 2022.
Ceased
Hidde Van Der Wal ceased to be Additional Director.

36 earlier events are in the company report.

News

Barentz’s Acquisition of Gangwal Chemicals
07 Apr 2022 · Globallegalchronicle

Frequently asked questions

Gangwal Chemicals is an active private limited company based in Mumbai, Maharashtra, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 10 November 1987 (39+ years old) and is registered under CIN U24110MH1987PTC045235.

Gangwal Chemicals has 2 current directors:

The latest financial statements of Gangwal 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 Gangwal Chemicals is 27AAACG1463E1ZZ, registered in Maharashtra.

The CIN (Corporate Identification Number) of Gangwal Chemicals is U24110MH1987PTC045235. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Gangwal Chemicals has 7 court cases on record: 5 filed by the company and 2 filed against it. 1 is pending.

Gangwal Chemicals was incorporated on 10 November 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.

Gangwal Chemicals has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹25 Lakh; the latest was in January 2022.

Geeta Satpal Varma ceased to be Additional Director on 29 Sep 2024. Mitesh Dilip Jain ceased to be Additional Director on 29 Sep 2024. Geeta Satpal Varma was appointed as Director on 25 Jan 2024. Gangwal Chemicals has 19 board changes on record in total.

Yes, Gangwal Chemicals is registered as an MSME under Udyam registration (number: UDYAM-MH-18-0007743).

Gangwal Chemicals has 11 MSME Form 1 returns on record between 2019 and 2023, listing 65 overdue payments to 28 micro and small suppliers. The latest return was filed on 30 Aug 2023.