MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-17-0016829
Glenfin Chemicals Private Limited - pharma in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹121.15 Cr
▲ 21% YoY
Net profit · FY 2023
₹6.32 Cr
Net margin 5.2%
EBITDA · FY 2023
₹16.02 Cr
EBITDA margin 13.2%
Authorised capital
₹1.11 Cr
Registered with MCA
Paid-up capital
₹34 Lakh
Issued & subscribed
Open charges
₹36.7 Cr
Satisfied ₹3.25 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
178
Provident fund records
About Glenfin Chemicals Private Limited
Data last updated:
Glenfin Chemicals Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 04 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH1995PTC093268. Its GSTIN is 27AABCG9298E1Z9 (Maharashtra).
The company has an authorised share capital of ₹1.11 Cr and a paid-up capital of ₹34 Lakh. It is led by directors including Murari Vinayak Sanghavi and Sivramkrishanan Senipuram Krishnan.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at N – 87 M I D C Industrial Aream I D C Tarapur Boisar, Thane, Maharashtra, India – 401506.
As per the financials filed for FY 2023, the company reported a revenue of ₹121.15 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹6.32 Cr (net margin 5.2%) and EBITDA of ₹16.02 Cr (EBITDA margin 13.2%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 15% over five years.
The company has about 178 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Glenfin Chemicals. As per MCA filings, the company has open charges of ₹36.7 Cr and satisfied charges of ₹3.25 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹25 Lakh; the latest was in March 2008. Its 7 peer companies in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 3 smaller; the largest is Quad Lifesciences Private Limited with revenue of ₹123.66 Cr.
Glenfin Chemicals Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0016829). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website glenfinchemicals.com.
Company details
CIN U24100MH1995PTC093268
Registration Number 093268
Incorporation Date 04 October 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-17-0016829
Key People
Murari Vinayak Sanghavi Director Sivramkrishanan Senipuram Krishnan Director Jeetlal Lakshman Gupta Director Recognitions & Rankings of Glenfin Chemicals
Contact details
Glenfin Chemicals Private Limited's registered office is in Thane, Maharashtra. Its website is glenfinchemicals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressN – 87 M I D C Industrial Aream I D C Tarapur Boisar, Thane, Maharashtra, India – 401506
- IndustryPharma, API Manufacturers
To see the full contact details of Glenfin Chemicals Private Limited, buy the company report.
Comprehensive company report
Glenfin Chemicals Private Limited - 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
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Brands
Glenfin Chemicals operates one associated brand: Glenfin Chemicals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures high-quality API intermediates for pharmaceutical applications. | glenfinchemicals.com |
Business activity
The main business activity of Glenfin Chemicals 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 Glenfin Chemicals Private Limited, buy the company report.
Financials of Glenfin Chemicals Private Limited
FY 2023 filings availableGlenfin Chemicals Private Limited reported revenue of ₹121.15 Cr (up 21% YoY) for FY 2023.
Revenue · FY 2023
₹121.15 Cr ▲ 21%
Net profit · FY 2023
₹6.32 Cr margin 5.2%
EBITDA · FY 2023
₹16.02 Cr margin 13.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 13%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 22%
5 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 21% growth in the latest year. EBITDA rose 41% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹121.15 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹16.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.32 Cr | ||||
| 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.2% | ||||
| Net Profit Margin | 5.2% | ||||
| 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 Glenfin Chemicals Private Limited, buy the company report.
Board of directors of Glenfin Chemicals Private Limited
Glenfin Chemicals has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Murari Vinayak Sanghavi | Director | 04 Oct 1995 | 31 Years 1 Months | Current |
| Sivramkrishanan Senipuram Krishnan | Director | 04 Oct 1995 | 31 Years 1 Months | Current |
| Jeetlal Lakshman Gupta Also directs: Speciochem Manufacturers LLP, Shrishresht Chemicals Private Limited, Nikita Chemi-Intermediates Private Limited and 1 more | Director | 04 Oct 1995 | 31 Years 1 Months | Current |
| Akhileswaran Sivaramakrishnan | Director | 04 Oct 1995 | 31 Years 1 Months | Current |
Peer comparison
Glenfin Chemicals Private Limited is compared with the 7 companies closest to it by revenue in the Pharma industry (API Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Quad Lifesciences Private Limited | ₹123.66 Cr (FY 2025) | 26.0% | Derabassi, Punjab, India | |||
| Roopa Industries Limited | ₹122.98 Cr (FY 2025) | 72.0% | Kurnool, A.P, Andhra Pradesh, India | |||
| Richter Themis Medicare (India) Private Limited | ₹122.69 Cr (FY 2025) | -13.0% | Valsad, Gujarat, India | |||
| Nuray Chemicals Private Limited | ₹122.27 Cr (FY 2025) | 16.0% | Thiruvallur, Tamil Nadu, India | |||
| Glenfin Chemicals Private Limitedthis company | ₹121.15 Cr (FY 2023) | ₹6.32 Cr | 5.2% | 21.0% | 178 | Thane, Maharashtra, India |
| Kimia Biosciences Limited | ₹120.24 Cr (FY 2025) | 13.0% | Gurgaon, Haryana, India | |||
| Galaxy Laboratories Private Limited | ₹120.18 Cr (FY 2025) | 17.0% | Aurangabad, Maharashtra, India | |||
| Vartika Chemicals & Pharmaceuticals Private Limited | ₹120.07 Cr (FY 2025) | -17.0% | New Delhi, Delhi, India |
To see the full peer comparison of Glenfin Chemicals Private Limited, buy the company report.
Auditor
Glenfin Chemicals Private Limited is audited by D.J.Mehta & Company, Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D.J.Mehta & Company, Chartered Accountants | FY 2023 | 128771W |
Shareholding
The shareholding of Glenfin Chemicals Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Glenfin Chemicals Private Limited, buy the company report.
Charges & borrowings
Open charges
₹36.7 Cr
Satisfied charges
₹3.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jul 2018 | 100193653 | Others | ₹8.85 Cr | Open | |
| 13 Apr 2016 | 100022705 | Others | ₹50 Lakh | Open | |
| 20 Mar 2012 | 10352580 | The Saraswat Cooperative Bank Ltd | ₹1.5 Cr | Open | |
| 20 Mar 2012 | 10352605 | The Saraswat Cooperative Bank Ltd | ₹75 Lakh | Open | |
| 06 Aug 2008 | 10119150 | The Saraswat Co-Op Bank Ltd | ₹60 Lakh | Open |
To see the full charge records of Glenfin Chemicals Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Glenfin Chemicals Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹25 Lakh; the latest was in March 2008.
Total deals
1
Funding round
1
Disclosed funding
₹25 Lakh
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2008 | Funding round | ₹25 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Glenfin Chemicals Private Limited has 3 court cases on record: 2 filed by Glenfin Chemicals, 1 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Himmatrao D Shinde State of Maharashtra | Pending |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Glenfin Chemicals 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
No delayed payments to MSME suppliers are on our record for Glenfin Chemicals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Glenfin Chemicals has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Kashu Chem Pvt Ltd | U24110MH1989PTC053931 |
To see the full group structure of Glenfin Chemicals Private Limited, buy the company report.
Employees & EPFO
Glenfin Chemicals Private Limited has a workforce of 178 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
178
Active EPFO establishments
1
Employee growth
11.95%
GST
Glenfin Chemicals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCG9298E1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Glenfin Chemicals Private Limited, buy the company report.
Recent activity
Glenfin Chemicals Private Limited has 4 board changes on record since 1995: 4 appointments. The latest: Akhileswaran Sivaramakrishnan was appointed as Director on 04 Oct 1995.
Charges
A charge with Others of Rs. 20.00 Cr registered on 02 May 2005 with Charge ID 90149088 was modified on 31 Jul 2025.
AGM
Glenfin Chemicals Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Glenfin Chemicals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai Ii.
Charges
A charge with Others of Rs. 4.00 Cr registered on 26 Sep 2005 with Charge ID 90141463 was modified on 08 Oct 2018.
Charges
A charge with Others amounted to Rs. 8.85 Cr with Charge ID 100193653 was registered on 05 Jul 2018.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100022705 was registered on 13 Apr 2016.
Charges
A charge registered on 29 Nov 2007 via Charge ID 10077992 with The Saraswat Co-Operative Bank Ltd was fully satisfied on 24 Aug 2015.
Charges
A charge registered on 26 Jul 2005 via Charge ID 90149105 with The Saraswat Co-Operative Bank Ltd. was fully satisfied on 24 Aug 2015.
Charges
A charge registered on 02 May 2005 via Charge ID 80067450 with The Saraswat Co-Operative Bank Ltd was fully satisfied on 24 Aug 2015.
Charges
A charge registered on 18 Feb 2010 via Charge ID 10205506 with The Saraswat Cooperative Bank Ltd was fully satisfied on 22 Jul 2015.
Charges
A charge registered on 05 Oct 2009 via Charge ID 10181723 with The Saraswat Cooperative Bank Ltd was fully satisfied on 22 Jul 2015.
Charges
A charge registered on 20 Jun 2009 via Charge ID 10212782 with The Saraswat Co-Op Bank Ltd was fully satisfied on 22 Jul 2015.
23 earlier events are in the company report.
Frequently asked questions
Glenfin Chemicals is an active private limited company based in Thane, Maharashtra, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 04 October 1995 (31+ years old) and is registered under CIN U24100MH1995PTC093268.
Glenfin Chemicals has 4 current directors:
- Murari Vinayak Sanghavi - Director
- Sivramkrishanan Senipuram Krishnan - Director
- Jeetlal Lakshman Gupta - Director
- Akhileswaran Sivaramakrishnan - Director
The latest financial statements of Glenfin Chemicals on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Glenfin Chemicals is 27AABCG9298E1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Glenfin Chemicals is U24100MH1995PTC093268. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glenfin Chemicals has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending. Most are in the nclt.
Glenfin Chemicals was incorporated on 04 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Glenfin Chemicals has 1 deal on record (1 funding round), with disclosed funding of ₹25 Lakh; the latest was in March 2008.
The peers of Glenfin Chemicals by revenue are Quad Lifesciences Private Limited, Roopa Industries Limited, Richter Themis Medicare (India) Private Limited, Nuray Chemicals Private Limited, Kimia Biosciences Limited and 2 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Akhileswaran Sivaramakrishnan was appointed as Director on 04 Oct 1995. Jeetlal Lakshman Gupta was appointed as Director on 04 Oct 1995. Murari Vinayak Sanghavi was appointed as Director on 04 Oct 1995. Glenfin Chemicals has 4 board changes on record in total.
Yes, Glenfin Chemicals is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-17-0016829).
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