MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0222521
Indace Chem India Private Limited - chemicals and materials in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹19.93 Cr
▼ 29% YoY
Net profit · FY 2024
₹1.36 Cr
Net margin 6.8%
EBITDA · FY 2024
₹2.03 Cr
EBITDA margin 10.2%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹18.7 Cr
Secured borrowings
Company age
18 yrs
Est. 2008
Directors on board
4
As per MCA filings
About Indace Chem India Private Limited
Data last updated:
Indace Chem India Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 07 November 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH2008PTC188049. Its GSTIN is 27AACCI0115R1ZH (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Zubin Mahesh Vikam and Hema Mahesh Vikam.
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 Flat No 2504 Floor No 25 Maansarovar Tower, Almeida Road Near Tmc Head Office Panchpakhadi Thane West, Maharashtra, India – 400605.
As per the financials filed for FY 2024, the company reported a revenue of ₹19.93 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹1.36 Cr (net margin 6.8%) and EBITDA of ₹2.03 Cr (EBITDA margin 10.2%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 20% over five years.
The company is associated with 1 brand: Aarti Industries. As per MCA filings, the company has open charges of ₹18.7 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending.
Indace Chem India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0222521). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aarti-industries.com.
Company details
CIN U24100MH2008PTC188049
Registration Number 188049
Incorporation Date 07 November 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0222521
Recognitions & Rankings of Indace Chem India
Contact details
Indace Chem India Private Limited's registered office is in Thane, Maharashtra. Its website is aarti-industries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No 2504 Floor No 25 Maansarovar Tower, Almeida Road Near Tmc Head Office Panchpakhadi Thane West, Maharashtra, India – 400605
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Indace Chem India Private Limited, buy the company report.
Comprehensive company report
Indace Chem India 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
Brands
Indace Chem India operates one associated brand: Aarti Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specialty chemicals, pharmaceuticals, and surfactants are manufactured. | aarti-industries.com |
Business activity
The main business activity of Indace Chem India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Indace Chem India Private Limited, buy the company report.
Financials of Indace Chem India Private Limited
FY 2025 filings availableIndace Chem India Private Limited reported revenue of ₹19.93 Cr (down 29% YoY) for FY 2024.
Revenue · FY 2024
₹19.93 Cr ▼ 29%
Net profit · FY 2024
₹1.36 Cr margin 6.8%
EBITDA · FY 2024
₹2.03 Cr margin 10.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 29%
3 years · compounded
▼ 21%
5 years · compounded
▼ 20%
EBITDA CAGR growth
1 year
▼ 65%
3 years · compounded
▼ 17%
5 years · compounded
▼ 22%
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 29% fall in the latest year. EBITDA fell 65% 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 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.36 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.2% | ||||
| Net Profit Margin | 6.8% | ||||
| 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 Indace Chem India Private Limited, buy the company report.
Board of directors of Indace Chem India Private Limited
Indace Chem India has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Zubin Mahesh Vikam | Director | 07 Nov 2008 | 18 Years 0 Months | Current |
| Hema Mahesh Vikam | Director | 28 Feb 2013 | 13 Years 8 Months | Current |
| Mahesh Premji Vikam | Director | 13 Apr 2022 | 4 Years 6 Months | Current |
| Rubin Mahesh Vikam | Director | 13 Apr 2022 | 4 Years 6 Months | Current |
Peer comparison
Indace Chem India Private Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution, Pharma 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 |
|---|---|---|---|---|---|---|
| RR Pharmaceuticals Private Limited | ₹19.98 Cr (FY 2025) | -29.0% | New Delhi, Delhi, India | |||
| Jay Chemtex Private Limited | ₹19.97 Cr (FY 2025) | 35.0% | Ahmedabad, Gujarat, India | |||
| S B Shah and Company Private Limited | ₹19.96 Cr (FY 2025) | 21.0% | New Delhi, Delhi, India | |||
| Arya Infraceuticals Private Limited | ₹19.95 Cr (FY 2024) | 8.0% | Mumbai, Maharashtra, India | |||
| Indace Chem India Private Limitedthis company | ₹19.93 Cr (FY 2024) | ₹1.36 Cr | 6.8% | -29.0% | Thane, Maharashtra, India | |
| Raddisun Pharmachem Industries Private Limited | ₹19.93 Cr (FY 2025) | -41.0% | Mumbai, Maharashtra, India | |||
| Raja Tradelinks Private Limited | ₹19.9 Cr (FY 2025) | 42.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Indace Chem India Private Limited, buy the company report.
Auditor
Indace Chem India Private Limited is audited by H B ASHRA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H B ASHRA & CO | FY 2021 | 132321W |
Shareholding
The shareholding of Indace Chem India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indace Chem India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹18.7 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2025 | 101101227 | Others | ₹11.3 Cr | Open | |
| 06 Oct 2023 | 100796476 | Others | ₹6.5 Cr | Open | |
| 26 Nov 2021 | 100532747 | Hdfc Bank Limited | ₹10.01 Lakh | Open | |
| 25 Oct 2021 | 100517487 | Axis Bank Limited | ₹80 Lakh | Open |
Total charge records: 4 View all charges
Legal cases
Indace Chem India Private Limited has 3 court cases on record: 3 filed by Indace Chem India. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Union of India Through Ministry of Finance Department and Ors | Pending |
| High Court | Writ petition | Filed by the company against Union of India and Ors and 6 others | Disposed |
| High Court | Court case (CONPW) | Filed by the company against Union of India and 4 others | Disposed |
To see the full case history of Indace Chem India 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indace Chem India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indace Chem India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCI0115R1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indace Chem India Private Limited, buy the company report.
Recent activity
Indace Chem India Private Limited has 6 board changes on record since 2008: 4 appointments and 2 cessations. The latest: Mahesh Premji Vikam ceased to be Additional Director on 30 Sep 2022.
AGM
Indace Chem India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1,130.00 Lakh with Charge ID 101101227 was registered on 26 May 2025.
Filing
Indace Chem India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 650.00 Lakh with Charge ID 100796476 was registered on 06 Oct 2023.
Ceased
Mahesh Premji Vikam ceased to be Additional Director.
Ceased
Rubin Mahesh Vikam ceased to be Additional Director.
Appointed
Mahesh Premji Vikam was appointed as Director.
Appointed
Rubin Mahesh Vikam was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.01 Lakh with Charge ID 100532747 was registered on 26 Nov 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 80.00 Lakh with Charge ID 100517487 was registered on 25 Oct 2021.
Appointed
Hema Mahesh Vikam was appointed as Director.
Appointed
Zubin Mahesh Vikam was appointed as Director.
1 earlier event is in the company report.
News
Frequently asked questions
Indace Chem India is an active private limited company based in Thane, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 07 November 2008 (18+ years old) and is registered under CIN U24100MH2008PTC188049.
Indace Chem India has 4 current directors:
- Zubin Mahesh Vikam - Director
- Hema Mahesh Vikam - Director
- Mahesh Premji Vikam - Director
- Rubin Mahesh Vikam - Director
The latest financial statements of Indace Chem India 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 Indace Chem India is 27AACCI0115R1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indace Chem India is U24100MH2008PTC188049. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indace Chem India has 3 court cases on record: 3 filed by the company. 1 is pending.
Indace Chem India was incorporated on 07 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Indace Chem India by revenue are RR Pharmaceuticals Private Limited, Jay Chemtex Private Limited, S B Shah and Company Private Limited, Arya Infraceuticals Private Limited, Raddisun Pharmachem Industries Private Limited and 1 more, all in the Chemicals industry (Chemical Retail and Distribution, Pharma Retail and Distribution), with the same principal business activity (wholesale trading).
Mahesh Premji Vikam ceased to be Additional Director on 30 Sep 2022. Rubin Mahesh Vikam ceased to be Additional Director on 30 Sep 2022. Mahesh Premji Vikam was appointed as Director on 13 Apr 2022. Indace Chem India has 6 board changes on record in total.
Yes, Indace Chem India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0222521).
Indace Chem India can be reached through the website aarti-industries.com. Its registered office is in Thane, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages