Hercules Pigments Private Limited

Hercules Pigments Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U24100MH2007PTC171238 Incorporated 31 May 2007 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company chemicals and materials MSME · Medium
Data last updated
Revenue · FY 2025
₹135.66 Cr
▲ 15% YoY
Net profit · FY 2025
₹6.6 Cr
Net margin 4.9%
EBITDA · FY 2025
₹13.99 Cr
EBITDA margin 10.3%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹26.83 Lakh
Issued & subscribed
Open charges
₹13.58 Cr
Satisfied ₹8.8 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
53
Provident fund records

About Hercules Pigments Private Limited

Data last updated:

Hercules Pigments Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 31 May 2007 and has been in existence for over 19 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH2007PTC171238. Its GSTIN is 27AABCH8689Q3ZG (Maharashtra). The company holds 5 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹26.83 Lakh. It is led by directors including Vatsala Narendra Desai and Swetal Narendra Desai.

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 402 Peninsula Heights C.D.Barfiwala Marg Juhu Lane, Mumbai, Maharashtra, India – 400058.

As per the financials filed for FY 2025, the company reported a revenue of ₹135.66 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹6.6 Cr (net margin 4.9%) and EBITDA of ₹13.99 Cr (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 2% over five years.

The company has about 53 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹13.58 Cr and satisfied charges of ₹8.8 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 1 case is pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹5.91 Cr; the latest was in April 2016. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 853 overdue payments to 37 micro and small suppliers.

Hercules Pigments Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0002179). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website herculespigment.com.

Company details

CIN U24100MH2007PTC171238
Registration Number 171238
Incorporation Date 31 May 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-25-0002179
Key People
Vatsala Narendra Desai Director Swetal Narendra Desai Director Anupam Babubhai Desai Director

Recognitions & Rankings of Hercules Pigments

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-25-0002179

Contact details

Hercules Pigments Private Limited's registered office is in Mumbai, Maharashtra. Its website is herculespigment.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    herculespigment.com
  • Registered Address
    402 Peninsula Heights C.D.Barfiwala Marg Juhu Lane, Mumbai, Maharashtra, India – 400058
  • Industry
    Chemicals and Materials, Dyes & Pigments, Colorants

To see the full contact details of Hercules Pigments Private Limited, buy the company report.

Comprehensive company report
Hercules Pigments 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

The main business activity of Hercules Pigments is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Hercules Pigments Private Limited, buy the company report.

Financials of Hercules Pigments Private Limited

FY 2024 filings available

Hercules Pigments Private Limited reported revenue of ₹135.66 Cr (up 15% YoY) for FY 2025.

Revenue · FY 2025
₹135.66 Cr ▲ 15%
Net profit · FY 2025
₹6.6 Cr margin 4.9%
EBITDA · FY 2025
₹13.99 Cr margin 10.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 15%
3 years · compounded
▼ 5%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 31%
3 years · compounded
▼ 14%
5 years · compounded
▼ 5%

Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 15% growth in the latest year. EBITDA rose 31% 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹13.99 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹6.6 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin10.3%
Net Profit Margin4.9%
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 Hercules Pigments Private Limited, buy the company report.

Board of directors of Hercules Pigments Private Limited

Hercules Pigments has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vatsala Narendra Desai
Also directs: Nitsu Chemicals LLP
Director31 May 200719 Years 5 MonthsCurrent
Swetal Narendra Desai
Also directs: Pigment Manufacturers Association of India
Director31 May 200719 Years 5 MonthsCurrent
Anupam Babubhai DesaiDirector31 May 200719 Years 5 MonthsCurrent
View all directors

Auditor

Hercules Pigments Private Limited is audited by A P M H & ASSOCIATES LLP for the financial year 2022.

Auditor firmFinancial yearFirm registration number
A P M H & ASSOCIATES LLPFY 2022102699W/W100142

Shareholding

The shareholding of Hercules Pigments Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2018FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Hercules Pigments Private Limited, buy the company report.

Charges & borrowings

Open charges
₹13.58 Cr
Satisfied charges
₹8.8 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹7.58 Cr
Citi Bank N.A.₹6.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
15 Jun 2021100456914Hdfc Bank Limited₹2.58 CrOpen
11 Sep 2020100384145Hdfc Bank Limited₹5 CrOpen
02 Dec 201110329883Citi Bank N.A.₹6 CrOpen
28 Jun 2017100117768Citi Bank N.A.₹6 CrSatisfied
08 Feb 200810099084Others₹1.4 CrSatisfied

To see the full charge records of Hercules Pigments Private Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

Hercules Pigments Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹5.91 Cr; the latest was in April 2016.

Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹5.91 Cr

Deals on record (4 of 4)

WhenDealAmountParties
Apr 2016Funding round₹4.16 CrInvestors: 4 individuals
Sep 2009Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 4 individuals
Mar 2009Secondary share transferUndisclosedBuyer: an individual
Seller: Compact Venture Fund
Feb 2008Funding round₹1.75 CrInvestors: Compact Venture Fund, 3 individuals

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

Credit ratings & regulatory alerts

Hercules Pigments Private Limited was last rated by Crisil on 15 Oct 2020.

Rating agencyRated onRating
Crisil15 Oct 2020

To see the full credit ratings and regulatory alerts of Hercules Pigments Private Limited, buy the company report.

MSME payment delays

Hercules Pigments Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 853 overdue payments to 37 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 37)

SupplierAmount dueDue sinceReported on
Radhika Orgochem (India)Pvt Ltd
Prima Chemicals.
Jay Chemicals
an individual supplier
an individual supplier

To see the full MSME payment records of Hercules Pigments Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Hercules Pigments Private Limited has a workforce of 53 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
53
Active EPFO establishments
1
Employee growth
-8.62%

GST

Hercules Pigments has 5 GST registrations: 2 active and 3 cancelled or inactive.

Total GSTINs
5
Active
2
Cancelled / inactive
3
GSTINStateStatusRegistered on
27AABCH8689Q3ZGMaharashtraActive19 Sep 2017
24AABCH8689Q1ZOGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Hercules Pigments Private Limited, buy the company report.

Recent activity

Hercules Pigments Private Limited has 4 board changes on record since 2007: 3 appointments and 1 cessation. The latest: Anupam Babubhai Desai ceased to be Director on 01 Apr 2025.

Ceased
Anupam Babubhai Desai ceased to be Director.
AGM
Hercules Pigments Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Hercules Pigments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Citi Bank N.A. of Rs. 600.00 Lakh registered on 02 Dec 2011 with Charge ID 10329883 was modified on 25 Jan 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 500.00 Lakh registered on 11 Sep 2020 with Charge ID 100384145 was modified on 23 Dec 2021.
Charges
A charge registered on 28 Jun 2017 via Charge ID 100117768 with Citi Bank N.A. was fully satisfied on 10 Aug 2021.
Charges
A charge registered on 08 Feb 2008 via Charge ID 10099084 with Others was fully satisfied on 14 Jul 2021.
Charges
A charge registered on 07 Feb 2008 via Charge ID 10099066 with Others was fully satisfied on 14 Jul 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 257.98 Lakh with Charge ID 100456914 was registered on 15 Jun 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 500.00 Lakh with Charge ID 100384145 was registered on 11 Sep 2020.
Charges
A charge with Others of Rs. 140.00 Lakh registered on 08 Feb 2008 with Charge ID 10099084 was modified on 26 Nov 2018.
Charges
A charge with Others of Rs. 140.00 Lakh registered on 07 Feb 2008 with Charge ID 10099066 was modified on 26 Nov 2018.

9 earlier events are in the company report.

Frequently asked questions

Hercules Pigments is an active private limited company based in Mumbai, Maharashtra, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 31 May 2007 (19+ years old) and is registered under CIN U24100MH2007PTC171238.

Hercules Pigments has 3 current directors:

The latest financial statements of Hercules Pigments 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 Hercules Pigments is 27AABCH8689Q3ZG, registered in Maharashtra. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 24AABCH8689Q1ZO (Gujarat).

The CIN (Corporate Identification Number) of Hercules Pigments is U24100MH2007PTC171238. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Hercules Pigments has 9 court cases on record: 3 filed by the company and 6 filed against it. 1 is pending. Most are in the district courts.

Hercules Pigments was incorporated on 31 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.

Hercules Pigments has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹5.91 Cr; the latest was in April 2016.

Anupam Babubhai Desai ceased to be Director on 01 Apr 2025. Anupam Babubhai Desai was appointed as Director on 31 May 2007. Swetal Narendra Desai was appointed as Director on 31 May 2007. Hercules Pigments has 4 board changes on record in total.

Yes, Hercules Pigments is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-25-0002179).

Hercules Pigments has 11 MSME Form 1 returns on record between 2019 and 2023, listing 853 overdue payments to 37 micro and small suppliers. The latest return was filed on 08 Nov 2023.