MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0004538
Indore Gel Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹50.1 Cr
▲ 16% YoY
Net profit · FY 2025
₹4.58 Cr
Net margin 9.1%
EBITDA · FY 2025
₹6.91 Cr
EBITDA margin 13.8%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹20.1 Cr
Satisfied ₹7.8 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
18
Provident fund records
About Indore Gel Private Limited
Data last updated:
Indore Gel Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 22 April 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH2009PTC191930. Its GSTIN is 24AACCI0787M1ZB (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Quint Mc Donald Barefoot and William Otter Morris.
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 807 Floor 8 Marathon Icon Opp Ganpatrao Kadam Marg Opp Peninsula Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹50.1 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹4.58 Cr (net margin 9.1%) and EBITDA of ₹6.91 Cr (EBITDA margin 13.8%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 17% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20.1 Cr and satisfied charges of ₹7.8 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 3 deals on record (1 funding round, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹4.31 Cr; the latest was in March 2015. Its 7 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 3 smaller; the largest is Kubo Combustion Efficiency Chemicals Private Limited with revenue of ₹50.5 Cr. The company has 4 MSME Form 1 returns on record between 2020 and 2022, listing 20 overdue payments to 7 micro and small suppliers.
Indore Gel Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0004538). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indore.co.in.
Company details
CIN U24100MH2009PTC191930
Registration Number 191930
Incorporation Date 22 April 2009
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-19-0004538
Key People
Quint Mc Donald Barefoot Director William Otter Morris Director Mukesh Jethmal Sanghvi Director Recognitions & Rankings of Indore Gel
Contact details
Indore Gel Private Limited's registered office is in Mumbai, Maharashtra. Its website is indore.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address807 Floor 8 Marathon Icon Opp Ganpatrao Kadam Marg Opp Peninsula Corporate Park Lower Parel, (W), Mumbai, Maharashtra, India – 400013
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Indore Gel Private Limited, buy the company report.
Comprehensive company report
Indore Gel 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 Indore Gel 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 Indore Gel Private Limited, buy the company report.
Financials of Indore Gel Private Limited
FY 2025 filings availableIndore Gel Private Limited reported revenue of ₹50.1 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹50.1 Cr ▲ 16%
Net profit · FY 2025
₹4.58 Cr margin 9.1%
EBITDA · FY 2025
₹6.91 Cr margin 13.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 9%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 54%
3 years · compounded
▲ 23%
5 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 16% growth in the latest year. EBITDA rose 54% 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 | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.91 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.58 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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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 | 13.8% | ||||
| Net Profit Margin | 9.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
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To see the full financial statements and ratios of Indore Gel Private Limited, buy the company report.
Board of directors of Indore Gel Private Limited
Indore Gel has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Quint Mc Donald Barefoot | Director | 04 Nov 2010 | 15 Years 11 Months | Current |
| William Otter Morris | Director | 01 Oct 2015 | 11 Years 0 Months | Current |
| Mukesh Jethmal Sanghvi Also directs: Indore Composite P Ltd, Indore Speciality Materials Private Limited, Aar Cube Enterprise LLP and 1 more | Director | 29 Mar 2019 | 7 Years 6 Months | Current |
| Saral Vallabh Bhanshali Also directs: Everfresh Enterprises LLP, Indore Composite P Ltd, Indore Speciality Materials Private Limited and 1 more | Director | 29 Mar 2019 | 7 Years 6 Months | Current |
Peer comparison
Indore Gel Private Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), 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 |
|---|---|---|---|---|---|---|
| Kubo Combustion Efficiency Chemicals Private Limited | ₹50.5 Cr (FY 2024) | -16.0% | Mumbai, Maharashtra, India | |||
| Premier Synthochem Industries Private Limited | ₹50.36 Cr (FY 2024) | 27.0% | Nagpur, Maharashtra, India | |||
| Advance Petrochemicals Limited | ₹50.35 Cr (FY 2025) | 43.0% | Ahmedabad, Gujarat, India | |||
| Ferrox Chemicals Private Limited | ₹50.11 Cr (FY 2024) | 84.0% | Mumbai, Maharashtra, India | |||
| Indore Gel Private Limitedthis company | ₹50.1 Cr (FY 2025) | ₹4.58 Cr | 9.1% | 16.0% | 18 | Mumbai, Maharashtra, India |
| Vital Syntheticlabs Private Limited | ₹49.51 Cr (FY 2024) | 27.0% | Sangareddy, Telangana, India | |||
| Raymon Patel Gelatine Private Limited | ₹49.3 Cr (FY 2025) | -19.0% | Gujarat, India | |||
| Tridev Guar Gum and Chemicals Private Limited | ₹48.16 Cr (FY 2025) | -10.0% | Siwani, Haryana, India |
To see the full peer comparison of Indore Gel Private Limited, buy the company report.
Auditor
Indore Gel 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 Indore Gel 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 Indore Gel Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20.1 Cr
Satisfied charges
₹7.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Nov 2019 | 100309698 | Hdfc Bank Limited | ₹9.5 Cr | Open | |
| 29 Oct 2015 | 10601190 | Hdfc Bank Limited | ₹10.6 Cr | Open | |
| 23 Dec 2010 | 10261813 | Axis Bank Limited | ₹7.8 Cr | Satisfied |
To see the full charge records of Indore Gel Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Indore Gel Private Limited has 3 deals on record (1 funding round, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹4.31 Cr; the latest was in March 2015.
Total deals
3
Funding round
1
Rights issue
1
Secondary share transfer
1
Disclosed funding
₹4.31 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Rights issue | ₹1.71 Cr | Investors: Indore Composite P Ltd , Info-Gel LLC |
| Jun 2011 | Secondary share transfer | Undisclosed | Buyer: Indore Composite P Ltd Seller: 2 individuals |
| May 2010 | Funding round | ₹4.31 Cr | Investors: Info-Gel LLC, Indore Composite P Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indore Gel Private Limited has 1 court case on record: 1 filed by Indore Gel. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Shivpriya Cables Pvt. Ltd., Ajay Kuma Gupta (Director) | Disposed |
To see the full case history of Indore Gel 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
Indore Gel Private Limited has 4 MSME Form 1 returns on record between 2020 and 2022, listing 20 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 |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| East India Drums and Barrels Manufacturing Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Indore Gel Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indore Gel Private Limited has a workforce of 18 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
18
Active EPFO establishments
1
GST
Indore Gel has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCI0787M1ZB | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indore Gel Private Limited, buy the company report.
Recent activity
Indore Gel Private Limited has 10 board changes on record since 2009: 7 appointments and 3 cessations. The latest: Jethmal Manekchand Sanghavi ceased to be Additional Director on 13 Sep 2019.
AGM
Indore Gel Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Indore Gel Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 9.50 Cr with Charge ID 100309698 was registered on 27 Nov 2019.
Ceased
Jethmal Manekchand Sanghavi ceased to be Additional Director.
Appointed
Mukesh Jethmal Sanghvi was appointed as Director.
Appointed
Saral Vallabh Bhanshali was appointed as Director.
Appointed
Jethmal Manekchand Sanghavi was appointed as Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 10.60 Cr registered on 29 Oct 2015 with Charge ID 10601190 was modified on 27 Feb 2017.
Charges
A charge registered on 23 Dec 2010 via Charge ID 10261813 with Axis Bank Limited was fully satisfied on 27 Nov 2015.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.60 Cr with Charge ID 10601190 was registered on 29 Oct 2015.
Ceased
Tushar Ramesh Shridharani ceased to be Nominee Director.
Appointed
William Otter Morris was appointed as Director.
7 earlier events are in the company report.
Frequently asked questions
Indore Gel is an active private limited company based in Mumbai, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 22 April 2009 (17+ years old) and is registered under CIN U24100MH2009PTC191930.
Indore Gel has 4 current directors:
- Quint Mc Donald Barefoot - Director
- William Otter Morris - Director
- Mukesh Jethmal Sanghvi - Director
- Saral Vallabh Bhanshali - Director
The latest financial statements of Indore Gel 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 Indore Gel is 24AACCI0787M1ZB, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Indore Gel is U24100MH2009PTC191930. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indore Gel has 1 court case on record: 1 filed by the company.
Indore Gel was incorporated on 22 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Indore Gel has 3 deals on record (1 funding round, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹4.31 Cr; the latest was in March 2015.
The peers of Indore Gel by revenue are Kubo Combustion Efficiency Chemicals Private Limited, Premier Synthochem Industries Private Limited, Advance Petrochemicals Limited, Ferrox Chemicals Private Limited, Vital Syntheticlabs Private Limited and 2 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Jethmal Manekchand Sanghavi ceased to be Additional Director on 13 Sep 2019. Mukesh Jethmal Sanghvi was appointed as Director on 29 Mar 2019. Saral Vallabh Bhanshali was appointed as Director on 29 Mar 2019. Indore Gel has 10 board changes on record in total.
Yes, Indore Gel is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0004538).
Indore Gel has 4 MSME Form 1 returns on record between 2020 and 2022, listing 20 overdue payments to 7 micro and small suppliers. The latest return was filed on 07 Feb 2024.