MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0046586
Indocem (India) Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹82.67 Lakh
▲ 344% YoY
Net profit · FY 2025
₹12,346
Net margin 0.1%
EBITDA · FY 2025
₹1.33 Lakh
EBITDA margin 1.6%
Authorised capital
₹65 Lakh
Registered with MCA
Paid-up capital
₹65 Lakh
Issued & subscribed
Open charges
₹50.99 Lakh
Satisfied ₹1.25 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
9
Provident fund records
About Indocem (India) Private Limited
Data last updated:
Indocem (India) Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 02 July 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1987PTC009794. Its GSTIN is 24AAACI3664B1Z2 (Gujarat). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹65 Lakh and a paid-up capital of ₹65 Lakh. It is led by directors Ketan Shantilal Shah and Rahul Shantilal Shah.
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 Indocemhouse 8 Sundervansociety Opp.Gujaratvidhyapith Auda Ashramro, Ad, Ahmedabad, Gujarat, India – 380014.
As per the financials filed for FY 2025, the company reported a revenue of ₹82.67 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹12,346 (net margin 0.1%) and EBITDA of ₹1.33 Lakh (EBITDA margin 1.6%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 35% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50.99 Lakh and satisfied charges of ₹1.25 Cr on record. Court records list 18 cases involving the company, including 10 filed by the company and 8 filed against it; 1 case is pending.
Indocem (India) Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0046586). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indocem.com.
Company details
CIN U24231GJ1987PTC009794
Registration Number 009794
Incorporation Date 02 July 1987
ROC Ahmedabad
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 Micro
Udyam Registration UDYAM-KR-03-0046586
Recognitions & Rankings of Indocem (India)
Contact details
Indocem (India) Private Limited's registered office is in Ahmedabad, Gujarat. Its website is indocem.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIndocemhouse 8 Sundervansociety Opp.Gujaratvidhyapith Auda Ashramro, Ad, Ahmedabad, Gujarat, India – 380014
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Indocem (India) Private Limited, buy the company report.
Comprehensive company report
Indocem (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
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Business activity
The main business activity of Indocem (India) is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Indocem (India) Private Limited, buy the company report.
Financials of Indocem (India) Private Limited
FY 2025 filings availableIndocem (India) Private Limited reported revenue of ₹82.67 Lakh (up 344% YoY) for FY 2025.
Revenue · FY 2025
₹82.67 Lakh ▲ 344%
Net profit · FY 2025
₹12,346 margin 0.1%
EBITDA · FY 2025
₹1.33 Lakh margin 1.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 344%
3 years · compounded
▼ 21%
5 years · compounded
▼ 35%
EBITDA CAGR growth
1 year
▲ 108%
3 years · compounded
▲ 27%
5 years · compounded
▼ 35%
Revenue rose 344% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 35%. EBITDA rose 108% 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 | ₹1.33 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12,346 | ||||
| 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 | 1.6% | ||||
| Net Profit Margin | 0.1% | ||||
| 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 Indocem (India) Private Limited, buy the company report.
Board of directors of Indocem (India) Private Limited
Indocem (India) has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ketan Shantilal Shah Also directs: Indocem Colours Private Limited | Director | 26 Sep 1989 | 37 Years 1 Months | Current |
| Rahul Shantilal Shah | Director | 11 Sep 2000 | 26 Years 1 Months | Current |
Auditor
Indocem (India) Private Limited is audited by PATWA AND SHAH for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATWA AND SHAH | FY 2022 | 131057W |
Shareholding
The shareholding of Indocem (India) Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indocem (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹50.99 Lakh
Satisfied charges
₹1.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jun 2005 | 90110949 | Bank of Baroda | ₹25 Lakh | Open | |
| 06 Jun 2005 | 90112994 | Bank of Baroda | ₹25 Lakh | Open | |
| 04 Nov 2003 | 90111704 | Andhra Bank | ₹99,000 | Open | |
| 18 Feb 2016 | 100024818 | Others | ₹1.2 Cr | Satisfied | |
| 03 Feb 2011 | 10269591 | Bank of Baroda | ₹5.04 Lakh | Satisfied |
To see the full charge records of Indocem (India) Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Indocem (India) Private Limited has 18 court cases on record: 10 filed by Indocem (India), 8 filed against it. 1 case is pending and 17 are disposed.
Total cases
18
Filed by the company
10
Filed against the company
8
Pending
1
Disposed
17
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 7 | 1 |
| High courts | 4 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed by the company against M/S Cox and Kings Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Cox and Kings Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Cox and Kings Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by M/S Ravindra Traders | Pending |
| High Court of Karnataka | Appeal | Filed by the company against M/S Ravindra Traders | Disposed |
To see the full case history of Indocem (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 Indocem (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indocem (India) Private Limited has a workforce of 9 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Employee growth
-25%
GST
Indocem (India) has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI3664B1Z2 | Gujarat | Active | 01 Jul 2017 |
| 29AAACI3664B1ZS | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indocem (India) Private Limited, buy the company report.
Recent activity
Indocem (India) Private Limited has 3 board changes on record since 1989: 2 appointments and 1 cessation. The latest: Shantilal Chhaganlal Shah ceased to be Director on 14 Jul 2015.
AGM
Indocem (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Indocem (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 03 Feb 2011 via Charge ID 10269591 with Bank Of Baroda was fully satisfied on 07 May 2022.
Charges
A charge registered on 18 Feb 2016 via Charge ID 100024818 with Others was fully satisfied on 07 Oct 2017.
Charges
A charge with Others amounted to Rs. 120.00 Lakh with Charge ID 100024818 was registered on 18 Feb 2016.
Ceased
Shantilal Chhaganlal Shah ceased to be Director.
Charges
A charge with Bank Of Baroda amounted to Rs. 5.04 Lakh with Charge ID 10269591 was registered on 03 Feb 2011.
Charges
A charge with Bank Of Baroda of Rs. 25.00 Lakh registered on 06 Jun 2005 with Charge ID 90110949 was modified on 02 Jul 2005.
Charges
A charge with Bank Of Baroda amounted to Rs. 25.00 Lakh with Charge ID 90112994 was registered on 06 Jun 2005.
Charges
A charge with Bank Of Baroda amounted to Rs. 25.00 Lakh with Charge ID 90110949 was registered on 06 Jun 2005.
Charges
A charge with Andhra Bank amounted to Rs. 0.99 Lakh with Charge ID 90111704 was registered on 04 Nov 2003.
Appointed
Rahul Shantilal Shah was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Indocem (India) is an active private limited company based in Ahmedabad, Gujarat, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 02 July 1987 (39+ years old) and is registered under CIN U24231GJ1987PTC009794.
Indocem (India) has 2 current directors:
- Ketan Shantilal Shah - Director
- Rahul Shantilal Shah - Director
The latest financial statements of Indocem (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 Indocem (India) is 24AAACI3664B1Z2, registered in Gujarat. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAACI3664B1ZS (Karnataka).
The CIN (Corporate Identification Number) of Indocem (India) is U24231GJ1987PTC009794. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indocem (India) has 18 court cases on record: 10 filed by the company and 8 filed against it. 1 is pending. Most are in the district courts.
Indocem (India) was incorporated on 02 July 1987, making it 39+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Shantilal Chhaganlal Shah ceased to be Director on 14 Jul 2015. Rahul Shantilal Shah was appointed as Director on 11 Sep 2000. Ketan Shantilal Shah was appointed as Director on 26 Sep 1989.
Yes, Indocem (India) is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0046586).
Indocem (India) can be reached through the website indocem.com. Its registered office is in Ahmedabad, Gujarat, India.
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