Glory Chemicals Limited
About Glory Chemicals Limited
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Glory Chemicals Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 18 November 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24120MH1985PLC038089.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹5.06 Cr. It is led by directors including Somesh Om Prakash Agarwal and Swati Somesh Agarwal.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.39 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.46 Cr (net margin -24%) and EBITDA of -₹1.96 Cr (EBITDA margin -13.6%). Revenue has grown at a compounded annual rate (CAGR) of 179% over five years.
As per MCA filings, the company has satisfied charges of ₹2.75 Cr on record. Court records list 22 cases involving the company, including 13 filed by the company and 9 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Glory Chemicals has one previous CIN (Corporate Identification Number): U24120MH1985PTC038089. The current CIN is U24120MH1985PLC038089, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24120MH1985PLC038089 | Current |
| U24120MH1985PTC038089 | Previous |
Contact details
Glory Chemicals Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFloor No 6 Victoria Tower, Ganpat Rao Kadam Marg Worli Naka Worli, Mumbai, Maharashtra, India – 400018
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Glory Chemicals 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
Financials of Glory Chemicals Limited
FY 2025 filings availableGlory Chemicals Limited reported revenue of ₹14.39 Cr (up 182% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 179% over five years, including 182% growth in the latest year. EBITDA fell 158% 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 | -₹1.96 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.46 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 | -13.6% | ||||
| Net Profit Margin | -24% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Glory Chemicals Limited, buy the company report.
Board of directors of Glory Chemicals Limited
Glory Chemicals has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Somesh Om Prakash Agarwal Also directs: Empire Petro Products Limited, Rockwood Hotels and Resorts Limited, Hilton Estates Private Limited and 5 more | Director | 05 Feb 2003 | 23 Years 8 Months | Current |
| Mangi Lal Paliwal Also directs: Empire Petro Products Limited, Rockwood Hotels and Resorts Limited, Hotel Pratap Palace Limited and 3 more | Additional Director | 01 Dec 2023 | 2 Years 10 Months | Current |
| Swati Somesh Agarwal Also directs: Empire Petro Products Limited, Rockwood Hotels and Resorts Limited, Balhanuman Commodities Private Limited and 5 more | Director | 06 Aug 2018 | 8 Years 2 Months | Current |
Peer comparison
Glory Chemicals Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kuber Polychem Private Limited | ₹14.47 Cr (FY 2022) | 67.0% | Delhi, India | |||
| Srinidhi Trade Overseas Private Limited | ₹14.41 Cr (FY 2024) | 1917.0% | Hyderabad, Telangana, India | |||
| Glory Chemicals Limitedthis company | ₹14.39 Cr (FY 2025) | -₹3.46 Cr | -24% | 182.0% | Mumbai, Maharashtra, India | |
| Kanna Chemie Private Limited | ₹14.35 Cr (FY 2023) | 2.0% | Chennai, Tamil Nadu, India | |||
| Shree Enterprises Chemicals Private Limited | ₹14.35 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Mangalam Petroleum Private Limited | ₹14.32 Cr (FY 2025) | -40.0% | New Delhi, Delhi, India |
To see the full peer comparison of Glory Chemicals Limited, buy the company report.
Auditor
Glory Chemicals Limited is audited by NENAWATI AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NENAWATI AND ASSOCIATES | FY 2023 | 02148C |
Shareholding
The shareholding of Glory Chemicals 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 Glory Chemicals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2012 | 10372419 | Allahabad Bank | ₹2.75 Cr | Satisfied |
To see the full charge records of Glory Chemicals Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Glory Chemicals Limited has 22 court cases on record: 13 filed by Glory Chemicals, 9 filed against it. 1 case is pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 5 | 1 |
| District courts | 4 | 4 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Gujarat Industrial Development Corporation | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Assistant Commissioner of GST and Central Excise and 2 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Industrial Development Corporation and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Allahabad Bank | Disposed |
| Bombay High Court | Court case (NMA) | Filed against the company by The Commissioner of Central Excise Mum-I | Disposed |
To see the full case history of Glory Chemicals 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 Glory Chemicals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Glory Chemicals Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Glory Chemicals Limited has 8 board changes on record since 2003: 3 appointments and 5 cessations. The latest: Kishan Singh Rathore ceased to be Additional Director on 01 Dec 2023.
1 earlier event is in the company report.
Frequently asked questions
Glory Chemicals is an active public limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 18 November 1985 (41+ years old) and is registered under CIN U24120MH1985PLC038089.
Glory Chemicals has 3 current directors:
- Somesh Om Prakash Agarwal - Director
- Mangi Lal Paliwal - Additional Director
- Swati Somesh Agarwal - Director
The latest financial statements of Glory Chemicals 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 CIN (Corporate Identification Number) of Glory Chemicals is U24120MH1985PLC038089. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glory Chemicals has 22 court cases on record: 13 filed by the company and 9 filed against it. 1 is pending. Most are in the high courts.
Glory Chemicals was incorporated on 18 November 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Glory Chemicals by revenue are Kuber Polychem Private Limited, Srinidhi Trade Overseas Private Limited, Kanna Chemie Private Limited, Shree Enterprises Chemicals Private Limited, Mangalam Petroleum Private Limited, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading).
Kishan Singh Rathore ceased to be Additional Director on 01 Dec 2023. Mangi Lal Paliwal was appointed as Additional Director on 01 Dec 2023. Sushila Omprakash Agarwal ceased to be Additional Director on 29 Sep 2018. Glory Chemicals has 8 board changes on record in total.
The registered office of Glory Chemicals is at Floor No 6 Victoria Tower, Ganpat Rao Kadam Marg Worli Naka Worli, Mumbai, Maharashtra, India – 400018.
Glory Chemicals operates in the chemicals and materials industry, in the chemical distribution and retail segment.
Glory Chemicals has no open charges and satisfied charges of ₹2.75 Cr as per latest MCA filings.
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