About Indorama India Private Limited
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Indorama India Private Limited is a foreign private limited company based in Kolkata, West Bengal, India, a subsidiary of Indorama Holdings B.V. It operates in the crop protection segment of the agriculture sector. It was incorporated on 26 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74999WB2017FTC222920. Its GSTIN is 19AAECI6388L1ZT (West Bengal). The company holds 29 GST registrations, of which 26 are active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹309.01 Cr. It was formerly known as Indorama Bharat Private Limited and Irc Agrochemicals Private Limited. It is led by directors including Udaya Kumar Sanjeeva (Whole-Time Director) and Sandeep Eknath Rao Shelke.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ecocentre Em – 4 12th Floor Unit No. Ecsl – 1201 Sector V, Kolkata, West Bengal, India – 700091.
As per the financials filed for FY 2025, the company reported a revenue of ₹10,575 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹326.51 Cr (net margin 3.1%) and EBITDA of ₹854.73 Cr (EBITDA margin 8.1%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 25% over five years.
The company has about 986 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Ircagro and Indorama Corporation. As per MCA filings, the company has open charges of ₹6,112.5 Cr on record. Court records list 77 cases involving the company, including 68 filed by the company and 9 filed against it; 27 cases are pending. The company has 3 deals on record (1 rights issue, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹9.06 Cr; the latest was in August 2021. Its 8 peer companies in the Agriculture industry (Fertilizers, Pesticides), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 4 smaller; the largest is National Fertilizers Limited with revenue of ₹19,890 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 1,056 overdue payments to 254 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 indorama.com.
Company details
Name history
Indorama India has undergone 3 name changes throughout its history. The company was previously known as Indorama Bharat Private Limited, Irc Agrochemicals Private Limited, and Bharat Indorama Private Limited. The current legal name is Indorama India Private Limited.
| Company Name | Status |
|---|---|
| Indorama India Private Limited | Current |
| Indorama Bharat Private Limited | Previous |
| Irc Agrochemicals Private Limited | Previous |
| Bharat Indorama Private Limited | Previous |
CIN history
Indorama India has one previous CIN (Corporate Identification Number): U74110WB2017FTC222920. The current CIN is U74999WB2017FTC222920, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999WB2017FTC222920 | Current |
| U74110WB2017FTC222920 | Previous |
Contact details
Indorama India Private Limited's registered office is in Kolkata, West Bengal. Its website is indorama.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressEcocentre Em – 4 12th Floor Unit No. Ecsl – 1201 Sector V, Kolkata, West Bengal, India – 700091
- IndustryAgriculture, Crop Protection, Fertilizers & Soil Enhancers
To see the full contact details of Indorama India 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
Indorama India operates two associated brands: Ircagro and Indorama Corporation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Indorama Corporation is recognized as a global producer of essential materials. | indorama.com | |
| Produces fertilizers, seeds, and crop protection for agriculture in India. | ircagro.com |
Business activity
The main business activities of Indorama India are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products, textile, leather and other apparel products and wholesale trading. 3 activity segments are registered with the MCA.
| 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 | |
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Indorama India Private Limited, buy the company report.
Financials of Indorama India Private Limited
FY 2025 filings availableIndorama India Private Limited reported revenue of ₹10,575 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 11% growth in the latest year. EBITDA rose 38% 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 | ₹854.73 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹326.51 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 | 8.1% | ||||
| Net Profit Margin | 3.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Indorama India Private Limited, buy the company report.
Board of directors and KMP of Indorama India Private Limited
Indorama India Private Limited currently reports 7 directors and 2 key managerial personnel. 11 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Eknath Rao Shelke | Director | 01 Apr 2021 | 5 Years 7 Months | Current |
| Anurag Aggarwal | Director | 26 Sep 2017 | 9 Years 1 Months | Current |
| Udaya Kumar Sanjeeva | Whole-Time Director | 28 Feb 2025 | 1 Years 8 Months | Current |
| Kapil Gupta Also directs: IT Textile Private Limited, Symphony Environmental India Private Limited, Roura Non Conventional Energy Private Limited and 3 more | Director | 07 Apr 2023 | 3 Years 6 Months | Current |
| Rajveer Singh Also directs: The Fertiliser Association of India. | Ceo | 17 May 2023 | 3 Years 5 Months | Current |
| Venkatesh Gopalan | Director | 01 Jan 2022 | 4 Years 10 Months | Current |
Peer comparison
Indorama India Private Limited is compared with the 8 companies closest to it by revenue in the Agriculture industry (Fertilizers, Pesticides), 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 |
|---|---|---|---|---|---|---|
| National Fertilizers Limited | ₹19,890 Cr (FY 2025) | -16.0% | New Delhi, Delhi, India | |||
| Rashtriya Chemicals and Fertilizers Limited | ₹17,098 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Chambal Fertilisers and Chemicals Limited | ₹16,861 Cr (FY 2025) | -7.0% | Kota, Rajasthan, India | |||
| Hindustan Urvarak & Rasayan Limited | ₹15,910 Cr (FY 2025) | 6.0% | Delhi, India | |||
| Indorama India Private Limitedthis company | ₹10,575 Cr (FY 2025) | ₹326.51 Cr | 3.1% | 11.0% | 986 | Kolkata, West Bengal, India |
| Deepak Fertilisers and Petrochemicals Corporation Ltd | ₹10,355 Cr (FY 2025) | 18.0% | Pune, Maharashtra, India | |||
| Gujarat State Fertilizers & Chemicals Limited | ₹9,848.64 Cr (FY 2025) | 3.0% | Vadodara, Gujarat, India | |||
| Gujarat Narmada Valley Fertilizers & Chemicals Limited | ₹8,393.42 Cr (FY 2025) | 0.0% | Gujarat, India | |||
| Pi Industries Limited | ₹8,322 Cr (FY 2025) | 6.0% | Udaipur, Rajasthan, India |
To see the full peer comparison of Indorama India Private Limited, buy the company report.
Auditor
Indorama India Private Limited is audited by SINGHI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGHI & CO. | FY 2023 | 302049E |
Shareholding
The shareholding of Indorama India 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 Indorama India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Feb 2022 | 100534438 | Others | ₹862.5 Cr | Open | |
| 28 Feb 2018 | 100162040 | Others | ₹4,850 Cr | Open | |
| 28 Feb 2018 | 100163805 | State Bank of India | ₹400 Cr | Open |
To see the full charge records of Indorama India Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Indorama India Private Limited has 3 deals on record (1 rights issue, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹9.06 Cr; the latest was in August 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: Indorama Holding BV & Kapil Gupta, Indorama Holding BV Seller: Indorama Holding BV & Rajeev Kshetrapal, Indorama Corporation Pte. Ltd., Indorama Enterprises Pte. Ltd |
| Mar 2021 | Funding round | ₹9.06 Cr | Investors: Indorama Enterprises Pte. Ltd, Indorama Corporation Pte. Ltd. |
| Dec 2017 | Rights issue | ₹299.95 Cr | Investors: Indorama Holding BV |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indorama India Private Limited has 77 court cases on record: 68 filed by Indorama India, 9 filed against it. 27 cases are pending and 50 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 70 | 6 | 26 |
| District courts | 3 | 2 | 1 |
| NCLT | 3 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 77)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Writ petition | Filed by the company against M/S Grasim Industries Limited Unit and 1 other | Pending |
| High Court | Court case (AP-COM) | Filed against the company by an individual | Pending |
| High Court | Court case (APOT) | Filed against the company by Collector of Stamp Revenue Kolkata Paritosh Sinha | Pending |
| High Court of Himachal Pradesh | Court case (CMP.M) | Filed against the company by State of HP and Ors | Pending |
| High Court of Himachal Pradesh | Writ petition | Filed by the company against individuals | Pending |
To see the full case history of Indorama 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.
Credit ratings & regulatory alerts
Indorama India Private Limited was last rated by Icra on 08 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 08 Jun 2021 |
To see the full credit ratings and regulatory alerts of Indorama India Private Limited, buy the company report.
MSME payment delays
Indorama India Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 1,056 overdue payments to 254 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 254)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| PKM Logistics Private Limited | |||
| Gazebo Logistics Private Limited | |||
| Pioneer Gasket Manufacturing Company | |||
| an individual supplier |
To see the full MSME payment records of Indorama India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Indorama India has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Indorama India Private Limited has a workforce of 986 employees on its EPFO records as of Apr 30, 2024, across 3 active EPFO establishments.
GST
Indorama India has 29 GST registrations: 26 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAECI6388L1ZT | West Bengal | Active | 26 Dec 2017 |
| 19AAECI6388L2ZS | West Bengal | Active | 06 Aug 2021 |
| 19AAECI6388L3ZR | West Bengal | Active | 02 Jan 2022 |
| 20AAECI6388L1ZA | Jharkhand | Active | 19 Mar 2018 |
To see the full GST registrations and return filing status of Indorama India Private Limited, buy the company report.
Recent activity
Indorama India Private Limited has 20 board changes on record since 2017: 9 appointments and 11 cessations. The latest: Udaya Kumar Sanjeeva ceased to be Additional Director on 11 Sep 2025.
17 earlier events are in the company report.
News
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Frequently asked questions
Indorama India is an active foreign private limited company based in Kolkata, West Bengal, India. The company works in crop protection, within the agriculture industry. It was incorporated on 26 September 2017 (9+ years old) and is registered under CIN U74999WB2017FTC222920.
Indorama India has 9 current directors and KMP:
- Udaya Kumar Sanjeeva - Whole-Time Director
- Sandeep Eknath Rao Shelke - Director
- Anurag Aggarwal - Director
- Kapil Gupta - Director
- Venkatesh Gopalan - Director
- Arjun Aggarwal - Director
- Sachin Kumar Bhartiya - Director
- Rajveer Singh - Ceo
- Manish Kumar Agarwal - Cfo
The latest financial statements of Indorama India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Indorama India is 19AAECI6388L1ZT, registered in West Bengal. The company has 29 GST registrations in all, of which 26 are active and 3 are cancelled or inactive. Other active GSTINs include 19AAECI6388L2ZS (West Bengal), 19AAECI6388L3ZR (West Bengal), 20AAECI6388L1ZA (Jharkhand).
The CIN (Corporate Identification Number) of Indorama India is U74999WB2017FTC222920. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indorama India has 77 court cases on record: 68 filed by the company and 9 filed against it. 27 are pending. Most are in the high courts.
Indorama India was incorporated on 26 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Kolkata.
Indorama India has 3 deals on record (1 rights issue, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹9.06 Cr; the latest was in August 2021.
The peers of Indorama India by revenue are National Fertilizers Limited, Rashtriya Chemicals and Fertilizers Limited, Chambal Fertilisers and Chemicals Limited, Hindustan Urvarak & Rasayan Limited, Deepak Fertilisers and Petrochemicals Corporation Ltd and 3 more, all in the Agriculture industry (Fertilizers, Pesticides), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Udaya Kumar Sanjeeva ceased to be Additional Director on 11 Sep 2025. Udaya Kumar Sanjeeva was appointed as Whole-Time Director on 28 Feb 2025. Arjun Aggarwal ceased to be Additional Director on 27 Sep 2023. Indorama India has 20 board changes on record in total.
Indorama India has 14 MSME Form 1 returns on record between 2019 and 2024, listing 1,056 overdue payments to 254 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Indorama India can be reached through the website indorama.com. Its registered office is in Kolkata, West Bengal, India.
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