About Hi-Shine Inks Private Limited
Data last updated:
Hi-Shine Inks Private Limited is a private limited company based in Gujarat, India. It operates in the colorants, dyes and pigments segment of the chemicals and materials sector. It was incorporated on 08 January 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24299GJ1990PTC013217. Its GSTIN is 24AAACU2926J1ZE (Gujarat).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It was formerly known as Utility Inks Pvt Ltd. It is led by directors Nitin Chunilal Mehta and Ankit Prakashbhai Shroff.
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 208 GIDC Estate Antalika Via Bilimora Dist: Navsari, Gujarat, India – 396325.
As per the financials filed for FY 2025, the company reported a revenue of ₹110.98 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹27.54 Cr (net margin 24.8%) and EBITDA of ₹35.41 Cr (EBITDA margin 31.9%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 5% over five years.
The company has about 67 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hi-Shine Inks. As per MCA filings, the company has open charges of ₹15.91 Cr and satisfied charges of ₹24.73 Cr on record. Court records list 15 cases involving the company, including 7 filed by the company and 8 filed against it; 2 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2012. Its 9 peer companies in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 4 smaller; the largest is Koel Colours Pvt Ltd with revenue of ₹118.85 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 193 overdue payments to 7 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hishineinks.com.
Company details
Contact details
Hi-Shine Inks Private Limited's registered office is in Gujarat. Its website is hishineinks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address208 GIDC Estate Antalika Via Bilimora Dist: Navsari, Gujarat, India – 396325
- IndustryChemicals and Materials, Colorants, Dyes & Pigments
To see the full contact details of Hi-Shine Inks Private 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
Brands
Hi-Shine Inks operates one associated brand: Hi-Shine Inks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ink manufacturing for writing instruments, including pens and markers, in India. | hishineinks.com |
Business activity
The main business activity of Hi-Shine 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 Hi-Shine Inks Private Limited, buy the company report.
Financials of Hi-Shine Inks Private Limited
FY 2025 filings availableHi-Shine Inks Private Limited reported revenue of ₹110.98 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 14% 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 | ₹35.41 Cr | ||||
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| Net Profit (PAT) | ₹27.54 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 | 31.9% | ||||
| Net Profit Margin | 24.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Hi-Shine Inks Private Limited, buy the company report.
Board of directors of Hi-Shine Inks Private Limited
Hi-Shine Inks has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Chunilal Mehta Also directs: Hi-Shine Writing Inks Private Limited, NX Pack Private Limited, Goldex Pens Private Limited and 4 more | Director | 08 Jan 1990 | 36 Years 9 Months | Current |
| Ankit Prakashbhai Shroff Also directs: Hi-Shine Writing Inks Private Limited, NX Pack Private Limited | Director | 22 Jul 2022 | 4 Years 3 Months | Current |
Peer comparison
Hi-Shine Inks Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Koel Colours Pvt Ltd | ₹118.85 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| Jagson Colorchem Limited | ₹117.46 Cr (FY 2025) | -6.0% | Ahmedabad, Gujarat, India | |||
| Devarsons Industries Private Limited | ₹116.49 Cr (FY 2025) | 43.0% | Gujarat, India | |||
| Mcfills Enterprises Private Limited | ₹115.8 Cr (FY 2022) | -19.0% | Ahmedabad, Gujarat, India | |||
| CS Fine Interchem Private Limited | ₹112.74 Cr (FY 2025) | 18.0% | Vapi, Gujarat, India | |||
| Hi-Shine Inks Private Limitedthis company | ₹110.98 Cr (FY 2025) | ₹27.54 Cr | 24.8% | -5.0% | 67 | Gujarat, India |
| Sagar Drugs and Pharmaceuticals Private Limited | ₹110.76 Cr (FY 2025) | 31.0% | Ahmedabad, Gujarat, India | |||
| Unity Organics Pvt Ltd | ₹110.66 Cr (FY 2025) | 18.0% | Chhatral, Gujarat, India | |||
| RK Dyechem Private Limited | ₹109.92 Cr (FY 2025) | 3.0% | Vadodara, Gujarat, India | |||
| Colorant Limited | ₹108.51 Cr (FY 2025) | 3.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Hi-Shine Inks Private Limited, buy the company report.
Auditor
Hi-Shine Inks Private Limited is audited by M/s S. M. DESAI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s S. M. DESAI & CO. | FY 2023 | 0102353W |
Shareholding
The shareholding of Hi-Shine Inks 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 Hi-Shine Inks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2021 | 100445894 | Hdfc Bank Limited | ₹15.91 Cr | Open | |
| 22 Oct 2020 | 100386736 | Hdfc Bank Limited | ₹4 Cr | Satisfied | |
| 17 Jun 2015 | 10582714 | Hdfc Bank Limited | ₹50 Lakh | Satisfied | |
| 16 Mar 2015 | 10561081 | Hdfc Bank Limited | ₹10 Cr | Satisfied | |
| 20 Jun 2011 | 10299242 | Hdfc Bank Limited | ₹4.4 Cr | Satisfied |
To see the full charge records of Hi-Shine Inks Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Hi-Shine Inks Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2012.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Ruth Finvest Private Limited , an individual Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hi-Shine Inks Private Limited has 15 court cases on record: 7 filed by Hi-Shine Inks, 8 filed against it. 2 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 2 | 0 |
| High courts | 7 | 6 | 2 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Navsari, Gujarat | Court case (CMA SC) | Filed against the company by Schefields Limited | Disposed |
| District court, Navsari, Gujarat | Criminal complaint | Filed by the company against Varun Writing Instrument Pvt.Ltd. | Disposed |
| District court, Navsari, Gujarat | Court case (SPCS) | Filed by the company against Schefields Ltd, | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Pending |
To see the full case history of Hi-Shine Inks 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.
Credit ratings & regulatory alerts
Hi-Shine Inks Private Limited was last rated by Crisil on 13 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 13 May 2021 |
To see the full credit ratings and regulatory alerts of Hi-Shine Inks Private Limited, buy the company report.
MSME payment delays
Hi-Shine Inks Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 193 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Devanshi Dyestuff | |||
| K Patel Chemo-Pharma Private Limited | |||
| K Patel Dye-Chem Industries Private Limited | |||
| Vasant Colour & Chemicals | |||
| Tridev Resins (India) Private Limited |
To see the full MSME payment records of Hi-Shine Inks Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hi-Shine Inks Private Limited has a workforce of 67 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Hi-Shine Inks has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACU2926J1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hi-Shine Inks Private Limited, buy the company report.
Recent activity
Hi-Shine Inks Private Limited has 6 board changes on record since 1990: 4 appointments and 2 cessations. The latest: Gauravkumar Sureshbhai Panchal ceased to be Director on 31 Mar 2023.
24 earlier events are in the company report.
Frequently asked questions
Hi-Shine Inks is an active private limited company based in Gujarat, India. The company works in colorants, dyes and pigments, within the chemicals and materials industry. It was incorporated on 08 January 1990 (36+ years old) and is registered under CIN U24299GJ1990PTC013217.
Hi-Shine Inks has 2 current directors:
- Nitin Chunilal Mehta - Director
- Ankit Prakashbhai Shroff - Director
The latest financial statements of Hi-Shine Inks 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 GSTIN of Hi-Shine Inks is 24AAACU2926J1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Hi-Shine Inks is U24299GJ1990PTC013217. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi-Shine Inks has 15 court cases on record: 7 filed by the company and 8 filed against it. 2 are pending. Most are in the district courts.
Hi-Shine Inks was incorporated on 08 January 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hi-Shine Inks has 1 deal on record (1 secondary share transfer); the latest was in March 2012.
The peers of Hi-Shine Inks by revenue are Koel Colours Pvt Ltd, Jagson Colorchem Limited, Devarsons Industries Private Limited, Mcfills Enterprises Private Limited, CS Fine Interchem Private Limited and 4 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).
Gauravkumar Sureshbhai Panchal ceased to be Director on 31 Mar 2023. Ankit Prakashbhai Shroff was appointed as Director on 22 Jul 2022. Gauravkumar Sureshbhai Panchal was appointed as Director on 23 Apr 2012. Hi-Shine Inks has 6 board changes on record in total.
Hi-Shine Inks has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 193 overdue payments to 7 micro and small suppliers. The latest return was filed on 16 Nov 2019.
Hi-Shine Inks can be reached through the website hishineinks.com. Its registered office is in Gujarat, India.
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