About Indorama Ventures Oxides Ankleshwar Private Limited
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Indorama Ventures Oxides Ankleshwar Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Indorama Netherlands B.V.. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 26 July 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH2019FTC328542. Its GSTIN is 27AAFCI3533E1ZT (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹55.01 Cr. It was formerly known as Indorama Ventures Strategic Projects Private Limited. It is led by directors including Samir Harilal Rawal (Whole-Time Director) and Gosala A V Ravikanth.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6th Floor B Wing Marwah Centre Krishanlal Marwah Marg Andheri (East), Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2025, the company reported a revenue of ₹491.15 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹40.26 Cr (net margin 8.2%) and EBITDA of ₹71.78 Cr (EBITDA margin 14.6%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 60% over five years.
The company has about 172 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indroma Ventures. As per MCA filings, the company has open charges of ₹35 Cr and satisfied charges of ₹15.66 Lakh on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending. The company has 2 deals on record (1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹80 Cr; the latest was in April 2020. Its 4 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (manufacture of chemicals and chemical products) are compared by revenue, 3 larger and 1 smaller; the largest is Sigachi Industries Limited with revenue of ₹508.76 Cr. The company has 14 MSME Form 1 returns on record between 2020 and 2023, listing 434 overdue payments to 95 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 indoramaventures.com.
Company details
CIN history
Indorama Ventures Oxides Ankleshwar has one previous CIN (Corporate Identification Number): U74999MH2019FTC328542. The current CIN is U24100MH2019FTC328542, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100MH2019FTC328542 | Current |
| U74999MH2019FTC328542 | Previous |
Contact details
Indorama Ventures Oxides Ankleshwar Private Limited's registered office is in Mumbai, Maharashtra. Its website is indoramaventures.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address6th Floor B Wing Marwah Centre Krishanlal Marwah Marg Andheri (East), Mumbai, Maharashtra, India – 400072
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Indorama Ventures Oxides Ankleshwar 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 Ventures Oxides Ankleshwar operates one associated brand: Indroma Ventures. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| PET resins, PET products, and wool yarn are manufactured. | indoramaventures.com |
Business activity
The main business activity of Indorama Ventures Oxides Ankleshwar is manufacturing. In detail, this covers manufacture of chemicals and chemical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 20 | Manufacture of chemicals and chemical products |
To see the full business activity and turnover split of Indorama Ventures Oxides Ankleshwar Private Limited, buy the company report.
Financials of Indorama Ventures Oxides Ankleshwar Private Limited
FY 2025 filings availableIndorama Ventures Oxides Ankleshwar Private Limited reported revenue of ₹491.15 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 60% over five years, including 6% growth 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 | ₹491.15 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹71.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹40.26 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.6% | ||||
| Net Profit Margin | 8.2% | ||||
| 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 Indorama Ventures Oxides Ankleshwar Private Limited, buy the company report.
Board of directors of Indorama Ventures Oxides Ankleshwar Private Limited
Indorama Ventures Oxides Ankleshwar has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gosala A V Ravikanth | Director | 30 Mar 2022 | 4 Years 7 Months | Current |
| Samir Harilal Rawal Also directs: Ivl Dhunseri Petrochem Industries Private Limited | Whole-Time Director | 30 Sep 2020 | 6 Years 1 Months | Current |
| Chad Alan Anderson | Director | 30 Mar 2022 | 4 Years 7 Months | Current |
Peer comparison
Indorama Ventures Oxides Ankleshwar Private Limited is compared with the 4 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (manufacture of chemicals and chemical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sigachi Industries Limited | ₹508.76 Cr (FY 2025) | 24.0% | Hyderabad, Telangana, India | |||
| Deepak Novochem Technologies Limited | ₹503.45 Cr (FY 2025) | 56.0% | Vadodara, Gujarat, India | |||
| Chryso India Private Limited | ₹497.78 Cr (FY 2025) | 18.0% | Hooghly, West Bengal, India | |||
| Indorama Ventures Oxides Ankleshwar Private Limitedthis company | ₹491.15 Cr (FY 2025) | ₹40.26 Cr | 8.2% | 6.0% | 172 | Mumbai, Maharashtra, India |
| Aarey Drugs and Pharmaceuticals Limited | ₹483.76 Cr (FY 2025) | 20.0% | Thane, Maharashtra, India |
To see the full peer comparison of Indorama Ventures Oxides Ankleshwar Private Limited, buy the company report.
Auditor
Indorama Ventures Oxides Ankleshwar Private Limited is audited by B S R & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2025 | 101248W/W-100022 |
Shareholding
The shareholding of Indorama Ventures Oxides Ankleshwar Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indorama Ventures Oxides Ankleshwar Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jan 2021 | 100409838 | The Hongkong and Shanghai Banking Corporation Limited | ₹35 Cr | Open | |
| 17 Jan 2020 | 100320427 | The Hongkong and Shanghai Banking Corporation Limited | ₹15.66 Lakh | Satisfied |
To see the full charge records of Indorama Ventures Oxides Ankleshwar Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Indorama Ventures Oxides Ankleshwar Private Limited has 2 deals on record (1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹80 Cr; the latest was in April 2020.
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2020 | Rights issue | ₹30 Cr | Investors: an individual |
To see the full deal history of Indorama Ventures Oxides Ankleshwar Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indorama Ventures Oxides Ankleshwar Private Limited has 3 court cases on record: 2 filed by Indorama Ventures Oxides Ankleshwar, 1 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Special civil application | Filed by the company against Laffans Petrochemicals Ltd and 2 others | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 6 Mumbai | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against an individual | Pending |
To see the full case history of Indorama Ventures Oxides Ankleshwar 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
Indorama Ventures Oxides Ankleshwar Private Limited has 14 MSME Form 1 returns on record between 2020 and 2023, listing 434 overdue payments to 95 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 95)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Spak Orgochem (India) Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Amar Chem Specialities | |||
| Vin Plasticizers Private Limited |
To see the full MSME payment records of Indorama Ventures Oxides Ankleshwar Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indorama Ventures Oxides Ankleshwar Private Limited has a workforce of 172 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 172 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 |
To see the full employee and EPFO history of Indorama Ventures Oxides Ankleshwar Private Limited, buy the company report.
GST
Indorama Ventures Oxides Ankleshwar has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCI3533E1ZT | Maharashtra | Active | 03 Feb 2020 |
| 27AAFCI3533E2ZS | Maharashtra | Active | 27 May 2020 |
| 24AAFCI3533E1ZZ | Gujarat | Active | 13 Dec 2019 |
To see the full GST registrations and return filing status of Indorama Ventures Oxides Ankleshwar Private Limited, buy the company report.
Recent activity
Indorama Ventures Oxides Ankleshwar Private Limited has 10 board changes on record since 2020: 3 appointments and 7 cessations. The latest: Chad Alan Anderson ceased to be Additional Director on 23 Sep 2022.
5 earlier events are in the company report.
News
Frequently asked questions
Indorama Ventures Oxides Ankleshwar is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 26 July 2019 (7+ years old) and is registered under CIN U24100MH2019FTC328542.
Indorama Ventures Oxides Ankleshwar has 3 current directors:
- Samir Harilal Rawal - Whole-Time Director
- Gosala A V Ravikanth - Director
- Chad Alan Anderson - Director
The latest financial statements of Indorama Ventures Oxides Ankleshwar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Indorama Ventures Oxides Ankleshwar is 27AAFCI3533E1ZT, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAFCI3533E2ZS (Maharashtra), 24AAFCI3533E1ZZ (Gujarat).
The CIN (Corporate Identification Number) of Indorama Ventures Oxides Ankleshwar is U24100MH2019FTC328542. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indorama Ventures Oxides Ankleshwar has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending.
Indorama Ventures Oxides Ankleshwar was incorporated on 26 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Indorama Ventures Oxides Ankleshwar has 2 deals on record (1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹80 Cr; the latest was in April 2020.
The peers of Indorama Ventures Oxides Ankleshwar by revenue are Sigachi Industries Limited, Deepak Novochem Technologies Limited, Chryso India Private Limited, Aarey Drugs and Pharmaceuticals Limited, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (manufacture of chemicals and chemical products).
Chad Alan Anderson ceased to be Additional Director on 23 Sep 2022. Gosala A V Ravikanth ceased to be Additional Director on 23 Sep 2022. Chad Alan Anderson was appointed as Director on 30 Mar 2022. Indorama Ventures Oxides Ankleshwar has 10 board changes on record in total.
Indorama Ventures Oxides Ankleshwar has 14 MSME Form 1 returns on record between 2020 and 2023, listing 434 overdue payments to 95 micro and small suppliers. The latest return was filed on 13 Nov 2023.
Indorama Ventures Oxides Ankleshwar can be reached through the website indoramaventures.com. Its registered office is in Mumbai, Maharashtra, India.
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