Startup India Government of India
Golf Inks Private Limited
Golf Inks Private Limited - chemicals and materials in Ankleshwar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹93.79 Lakh
▼ 69% YoY
Net loss · FY 2024
₹49.74 Lakh
Net margin -53%
EBITDA · FY 2024
-₹17.56 Lakh
EBITDA margin -18.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹1.56 Cr
Satisfied ₹1.44 Cr
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
About Golf Inks Private Limited
Data last updated:
Golf Inks Private Limited is a private limited company based in Ankleshwar, Gujarat, India, recognised as a startup by DPIIT. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 23 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24304GJ2020PTC117609. Its GSTIN is 24AAICG6189K1Z3 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Prashant Modi Rajnikant and Akash Prashant Modi.
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 Ankleshwar, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹93.79 Lakh, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹49.74 Lakh (net margin -53%) and EBITDA of -₹17.56 Lakh (EBITDA margin -18.7%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years.
As per MCA filings, the company has open charges of ₹1.56 Cr and satisfied charges of ₹1.44 Cr on record.
Golf Inks Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0067622). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24304GJ2020PTC117609
Registration Number 117609
Incorporation Date 23 October 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0067622
Key People
Prashant Modi Rajnikant Director Akash Prashant Modi Director Sonal Prashant Modi Director Recognitions & Rankings of Golf Inks
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0067622
Contact details
Golf Inks Private Limited's registered office is in Ankleshwar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 3002 B17, GIDC Estate, Ankleshwar, Gujarat, India – 393002
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Golf Inks Private Limited, buy the company report.
Comprehensive company report
Golf Inks 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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Business activity
The main business activity of Golf Inks 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 Golf Inks Private Limited, buy the company report.
Financials of Golf Inks Private Limited
FY 2024 filings availableGolf Inks Private Limited reported revenue of ₹93.79 Lakh (down 69% YoY) for FY 2024.
Revenue · FY 2024
₹93.79 Lakh ▼ 69%
Net loss · FY 2024
₹49.74 Lakh margin -53%
EBITDA · FY 2024
-₹17.56 Lakh margin -18.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 69%
3 years · compounded
▲ 54%
EBITDA CAGR growth
1 year
▼ 142%
3 years · compounded
▼ 87%
Revenue fell 69% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 54%. EBITDA fell 142% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹17.56 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹49.74 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -18.7% | |||
| Net Profit Margin | -53% | |||
| 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 Golf Inks Private Limited, buy the company report.
Board of directors of Golf Inks Private Limited
Golf Inks has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Modi Rajnikant | Director | 23 Oct 2020 | 6 Years 0 Months | Current |
| Akash Prashant Modi | Director | 23 Oct 2020 | 6 Years 0 Months | Current |
| Sonal Prashant Modi | Director | 23 Oct 2020 | 6 Years 0 Months | Current |
Peer comparison
Golf Inks Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Romina Pigments Private Limited | ₹1.01 Cr (FY 2016) | 61.0% | New Delhi, Delhi, India | |||
| Deccan Colour and Chemicals Private Limited | ₹96 Lakh (FY 2025) | -74.0% | Dombivli, Maharashtra, India | |||
| Golf Inks Private Limitedthis company | ₹93.79 Lakh (FY 2024) | -₹49.74 Lakh | -53% | -69.0% | Ankleshwar, Gujarat, India | |
| Sriyam Pigments Private Limited | ₹88.98 Lakh (FY 2025) | -8.0% | Uttar Pradesh, India |
To see the full peer comparison of Golf Inks Private Limited, buy the company report.
Auditor
Golf Inks Private Limited is audited by PATEL & PITHADIYA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATEL & PITHADIYA | FY 2023 | 136085W |
Shareholding
The shareholding of Golf Inks Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Golf Inks Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.56 Cr
Satisfied charges
₹1.44 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Sep 2023 | 100773476 | Others | ₹52 Lakh | Open | |
| 27 May 2023 | 100772662 | Others | ₹88 Lakh | Open | |
| 03 Jun 2022 | 100583829 | Hdfc Bank Limited | ₹16.2 Lakh | Open | |
| 30 Sep 2021 | 100502626 | Hdfc Bank Limited | ₹1.44 Cr | Satisfied |
To see the full charge records of Golf Inks Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Golf Inks Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Golf Inks Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| J Square & Company | |||
| an individual supplier |
To see the full MSME payment records of Golf Inks Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Golf Inks has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICG6189K1Z3 | Gujarat | Active | 10 Nov 2020 |
| 27AAICG6189K1ZX | Maharashtra | Active | 21 May 2021 |
To see the full GST registrations and return filing status of Golf Inks Private Limited, buy the company report.
Recent activity
Golf Inks Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Akash Prashant Modi was appointed as Director on 23 Oct 2020.
AGM
Golf Inks Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Golf Inks Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 52.00 Lakh with Charge ID 100773476 was registered on 02 Sep 2023.
Charges
A charge with Others of Rs. 88.00 Lakh registered on 27 May 2023 with Charge ID 100772662 was modified on 02 Sep 2023.
Charges
A charge registered on 30 Sep 2021 via Charge ID 100502626 with Hdfc Bank Limited was fully satisfied on 01 Sep 2023.
Charges
A charge with Others amounted to Rs. 88.00 Lakh with Charge ID 100772662 was registered on 27 May 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 144.32 Lakh registered on 30 Sep 2021 with Charge ID 100502626 was modified on 14 Oct 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.20 Lakh with Charge ID 100583829 was registered on 03 Jun 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 144.32 Lakh with Charge ID 100502626 was registered on 30 Sep 2021.
Appointed
Akash Prashant Modi was appointed as Director.
Appointed
Prashant Modi Rajnikant was appointed as Director.
Appointed
Sonal Prashant Modi was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Golf Inks is an active private limited company based in Ankleshwar, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 23 October 2020 (6+ years old) and is registered under CIN U24304GJ2020PTC117609.
Golf Inks has 3 current directors:
- Prashant Modi Rajnikant - Director
- Akash Prashant Modi - Director
- Sonal Prashant Modi - Director
The latest financial statements of Golf Inks 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 FY 2021 are in the company report.
The GSTIN of Golf Inks is 24AAICG6189K1Z3, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAICG6189K1ZX (Maharashtra).
The CIN (Corporate Identification Number) of Golf Inks is U24304GJ2020PTC117609. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Golf Inks was incorporated on 23 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Golf Inks by revenue are Romina Pigments Private Limited, Deccan Colour and Chemicals Private Limited, Sriyam Pigments Private Limited, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Akash Prashant Modi was appointed as Director on 23 Oct 2020. Prashant Modi Rajnikant was appointed as Director on 23 Oct 2020. Sonal Prashant Modi was appointed as Director on 23 Oct 2020.
Yes, Golf Inks is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Golf Inks is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0067622).
Golf Inks has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 Apr 2022.
The registered office of Golf Inks is at Plot No 3002 B17, GIDC Estate, Ankleshwar, Gujarat, India – 393002.
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