MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-24-0029487
Harsiddhi Organics Private Limited
Harsiddhi Organics Private Limited - chemicals and materials in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹20.45 Cr
▲ 28% YoY
Net profit · FY 2025
₹1.78 Cr
Net margin 8.7%
EBITDA · FY 2025
₹2.47 Cr
EBITDA margin 12.1%
Authorised capital
₹1.65 Cr
Registered with MCA
Paid-up capital
₹49.81 Lakh
Issued & subscribed
Open charges
₹1 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
32
Provident fund records
About Harsiddhi Organics Private Limited
Data last updated:
Harsiddhi Organics Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 22 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24232GJ2016PTC086547. Its GSTIN is 24AADCH8432P1Z7 (Gujarat).
The company has an authorised share capital of ₹1.65 Cr and a paid-up capital of ₹49.81 Lakh. It is led by directors including Chitesh Natubhai Panchal (Whole-Time Director) and Rajkumar Sureka.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 124/25 And 124/26 GIDC Estate Nandesari GIDC Estate, Vadodara, Gujarat, India – 391340.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.45 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹1.78 Cr (net margin 8.7%) and EBITDA of ₹2.47 Cr (EBITDA margin 12.1%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 16% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1 Cr on record.
Harsiddhi Organics Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0029487). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24232GJ2016PTC086547
Registration Number 086547
Incorporation Date 22 March 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0029487
Key People
Chitesh Natubhai Panchal Whole-Time Director Rajkumar Sureka Director Maheshkumar Damodardas Patel Director Recognitions & Rankings of Harsiddhi Organics
Contact details
Harsiddhi Organics Private Limited's registered office is in Vadodara, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address124/25 And 124/26 GIDC Estate Nandesari GIDC Estate, Vadodara, Gujarat, India – 391340
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Harsiddhi Organics Private Limited, buy the company report.
Comprehensive company report
Harsiddhi Organics 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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Secure checkout · GST invoice included
Business activity
The main business activity of Harsiddhi Organics 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 Harsiddhi Organics Private Limited, buy the company report.
Financials of Harsiddhi Organics Private Limited
FY 2025 filings availableHarsiddhi Organics Private Limited reported revenue of ₹20.45 Cr (up 28% YoY) for FY 2025.
Revenue · FY 2025
₹20.45 Cr ▲ 28%
Net profit · FY 2025
₹1.78 Cr margin 8.7%
EBITDA · FY 2025
₹2.47 Cr margin 12.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 11%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 323%
3 years · compounded
▼ 3%
5 years · compounded
▲ 47%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 28% growth in the latest year. EBITDA rose 323% 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 |
|---|---|---|---|---|---|
| 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 | ₹2.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.78 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.1% | ||||
| Net Profit Margin | 8.7% | ||||
| 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 Harsiddhi Organics Private Limited, buy the company report.
Board of directors of Harsiddhi Organics Private Limited
Harsiddhi Organics has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chitesh Natubhai Panchal Also directs: High Flier Lifesciences Private Limited | Whole-Time Director | 22 Mar 2016 | 10 Years 7 Months | Current |
| Rajkumar Sureka Also directs: Philoden Industries Private Limited, Raunack Overseas Private Limited, JTPM Metal Traders Limited and 2 more | Director | 25 Mar 2025 | 1 Years 7 Months | Current |
| Maheshkumar Damodardas Patel Also directs: Philoden Industries Private Limited, Enviro Infrastructure Company Limited, D B P Trading Private Limited and 1 more | Director | 25 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Harsiddhi Organics 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 |
|---|---|---|---|---|---|---|
| Sanchi Organics Pvt Ltd | ₹21.15 Cr (FY 2024) | 15.0% | Mumbai, Maharashtra, India | |||
| Macson Color Chem Private Limited | ₹21.11 Cr (FY 2023) | -67.0% | Surat, Gujarat, India | |||
| J.J. Nitro Products Private Limited | ₹20.7 Cr (FY 2025) | -7.0% | Ahmedabad, Gujarat, India | |||
| Harsiddhi Organics Private Limitedthis company | ₹20.45 Cr (FY 2025) | ₹1.78 Cr | 8.7% | 28.0% | 32 | Vadodara, Gujarat, India |
| Apollo Ingredients India Private Limited | ₹20.45 Cr (FY 2024) | -30.0% | Thane, Maharashtra, India | |||
| Andes Colours Private Limited | ₹19.87 Cr (FY 2025) | 64.0% | Ahmedabad, Gujarat, India | |||
| Advance Pigments Private Limited | ₹19.74 Cr (FY 2025) | -7.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Harsiddhi Organics Private Limited, buy the company report.
Auditor
Harsiddhi Organics Private Limited is audited by RAMESH & RAJ ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMESH & RAJ ASSOCIATES | FY 2023 | 324138E |
Shareholding
The shareholding of Harsiddhi Organics 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 Harsiddhi Organics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 May 2024 | 100933359 | Others | ₹1 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Harsiddhi Organics 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
Harsiddhi Organics Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 190 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Credence Chem Private Limited | |||
| Unique Enterprise | |||
| VND Plastico Pumps Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Harsiddhi Organics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Harsiddhi Organics Private Limited has a workforce of 32 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
32
Active EPFO establishments
1
Employee growth
10.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 32 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| 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 Harsiddhi Organics Private Limited, buy the company report.
GST
Harsiddhi Organics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCH8432P1Z7 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Harsiddhi Organics Private Limited, buy the company report.
Recent activity
Harsiddhi Organics Private Limited has 7 board changes on record since 2016: 3 appointments and 4 cessations. The latest: Maheshkumar Damodardas Patel ceased to be Additional Director on 28 Sep 2025.
AGM
Harsiddhi Organics Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Maheshkumar Damodardas Patel ceased to be Additional Director.
Ceased
Rajkumar Sureka ceased to be Additional Director.
Filing
Harsiddhi Organics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Maheshkumar Damodardas Patel was appointed as Director.
Appointed
Rajkumar Sureka was appointed as Director.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100933359 was registered on 18 May 2024.
Ceased
Ashwinbhai Naranbhai Patel ceased to be Director.
Ceased
Chitesh Natubhai Panchal ceased to be Director.
Appointed
Chitesh Natubhai Panchal was appointed as Whole-Time Director.
Incorporation
22 Mar 2016
Harsiddhi Organics Private Limited was registered on 22 Mar 2016 with Roc Ahmedabad & aged 10 years 7 months as per MCA records.
Frequently asked questions
Harsiddhi Organics is an active private limited company based in Vadodara, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 22 March 2016 (10+ years old) and is registered under CIN U24232GJ2016PTC086547.
Harsiddhi Organics has 3 current directors:
- Chitesh Natubhai Panchal - Whole-Time Director
- Rajkumar Sureka - Director
- Maheshkumar Damodardas Patel - Director
The latest financial statements of Harsiddhi Organics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Harsiddhi Organics is 24AADCH8432P1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Harsiddhi Organics is U24232GJ2016PTC086547. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harsiddhi Organics was incorporated on 22 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Harsiddhi Organics by revenue are Sanchi Organics Pvt Ltd, Macson Color Chem Private Limited, J.J. Nitro Products Private Limited, Apollo Ingredients India Private Limited, Andes Colours 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).
Maheshkumar Damodardas Patel ceased to be Additional Director on 28 Sep 2025. Rajkumar Sureka ceased to be Additional Director on 28 Sep 2025. Maheshkumar Damodardas Patel was appointed as Director on 25 Mar 2025. Harsiddhi Organics has 7 board changes on record in total.
Yes, Harsiddhi Organics is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0029487).
Harsiddhi Organics has 10 MSME Form 1 returns on record between 2019 and 2023, listing 190 overdue payments to 16 micro and small suppliers. The latest return was filed on 14 Nov 2023.
The registered office of Harsiddhi Organics is at 12425 And 12426 GIDC Estate Nandesari GIDC Estate, Vadodara, Gujarat, India – 391340.
Harsiddhi Organics operates in the chemicals and materials industry, in the dyes and pigments segment.
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