MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-23-0040153
Ivory Soap Works Limited - fmcg in Nashik, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹17.8 Cr
▼ 6% YoY
Net profit · FY 2024
₹18.88 Lakh
Net margin 1.1%
EBITDA · FY 2024
₹1.05 Cr
EBITDA margin 5.9%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.06 Cr
Issued & subscribed
Open charges
₹7.54 Cr
Satisfied ₹6.33 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
36
Provident fund records
About Ivory Soap Works Limited
Data last updated:
Ivory Soap Works Limited is a public limited company based in Nashik, Maharashtra, India. It operates in the soaps and detergents segment of the FMCG sector. It was incorporated on 14 October 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24241MH1991PLC063595. Its GSTIN is 27AAACI4895C1ZJ (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.06 Cr. It is led by directors including Ajay Motilal Ramnathkar (Managing Director) and Satish Motilal Ramnathkar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No.H – 44 Additional Nasikind Estate MIDC Ambad, Nashik, Maharashtra, India – 422010.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.8 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹18.88 Lakh (net margin 1.1%) and EBITDA of ₹1.05 Cr (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 15% over five years.
The company has about 36 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ivory Soap Works. As per MCA filings, the company has open charges of ₹7.54 Cr and satisfied charges of ₹6.33 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Ivory Soap Works Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0040153). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ivorysoapworks.com.
Company details
CIN U24241MH1991PLC063595
Registration Number 063595
Incorporation Date 14 October 1991
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-23-0040153
CIN history
Ivory Soap Works has one previous CIN (Corporate Identification Number): U24241MH1991PTC063595. The current CIN is U24241MH1991PLC063595, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24241MH1991PLC063595 | Current |
| U24241MH1991PTC063595 | Previous |
Key People
Ajay Motilal Ramnathkar Managing Director Satish Motilal Ramnathkar Director Sonal Ajay Ramnathkar Director Recognitions & Rankings of Ivory Soap Works
Contact details
Ivory Soap Works Limited's registered office is in Nashik, Maharashtra. Its website is ivorysoapworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.H – 44 Additional Nasikind Estate MIDC Ambad, Nashik, Maharashtra, India – 422010
- IndustryFMCG, Soaps & Detergents, Personal Care & Skincare Products
To see the full contact details of Ivory Soap Works Limited, buy the company report.
Comprehensive company report
Ivory Soap Works 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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Brands
Ivory Soap Works operates one associated brand: Ivory Soap Works. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of soaps, liquid body care, gels, creams, and hair treatments | ivorysoapworks.com |
Business activity
The main business activity of Ivory Soap Works 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 Ivory Soap Works Limited, buy the company report.
Financials of Ivory Soap Works Limited
FY 2024 filings availableIvory Soap Works Limited reported revenue of ₹17.8 Cr (down 6% YoY) for FY 2024.
Revenue · FY 2024
₹17.8 Cr ▼ 6%
Net profit · FY 2024
₹18.88 Lakh margin 1.1%
EBITDA · FY 2024
₹1.05 Cr margin 5.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 34%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 66%
3 years · compounded
▲ 118%
5 years · compounded
▼ 10%
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA rose 66% 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 | ₹1.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.88 Lakh | ||||
| 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 | 5.9% | ||||
| Net Profit Margin | 1.1% | ||||
| 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 Ivory Soap Works Limited, buy the company report.
Board of directors of Ivory Soap Works Limited
Ivory Soap Works has 3 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 |
|---|---|---|---|---|
| Ajay Motilal Ramnathkar Also directs: Eudora Enterprise Limited Liability Partnership | Managing Director | 14 Oct 1991 | 35 Years 0 Months | Current |
| Satish Motilal Ramnathkar | Director | 14 Oct 1991 | 35 Years 0 Months | Current |
| Sonal Ajay Ramnathkar Also directs: Eudora Enterprise Limited Liability Partnership | Director | 15 Mar 1997 | 29 Years 7 Months | Current |
Peer comparison
Ivory Soap Works Limited is compared with the 3 companies closest to it by revenue in the FMCG industry (Personal Care and Skin Care, Soaps and Detergents), 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 |
|---|---|---|---|---|---|---|
| Aurumine Naturals Private Limited | ₹18.05 Cr (FY 2024) | 46.0% | Nashik, Maharashtra, India | |||
| Advance Home and Personal Care Limited | ₹17.83 Cr (FY 2015) | -25.0% | New Delhi, Delhi, India | |||
| Ivory Soap Works Limitedthis company | ₹17.8 Cr (FY 2024) | ₹18.88 Lakh | 1.1% | -6.0% | 36 | Nashik, Maharashtra, India |
| Oriental Lotus Hotel Supplies Private Limited | ₹17.41 Cr (FY 2022) | 147.0% | Sriperumbudur, Tamil Nadu, India |
To see the full peer comparison of Ivory Soap Works Limited, buy the company report.
Auditor
Ivory Soap Works Limited is audited by S.R.RAHALKAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R.RAHALKAR & ASSOCIATES | FY 2023 | 108283W |
Shareholding
The shareholding of Ivory Soap Works 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 Ivory Soap Works Limited, buy the company report.
Charges & borrowings
Open charges
₹7.54 Cr
Satisfied charges
₹6.33 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Oct 2023 | 100813150 | Others | ₹14.5 Lakh | Open | |
| 24 May 2023 | 100733412 | Others | ₹12.5 Lakh | Open | |
| 22 Oct 2021 | 100499403 | Hdfc Bank Limited | ₹2.57 Cr | Open | |
| 27 Dec 2011 | 10331173 | Small Industries Development Bank of India | ₹1.5 Cr | Open | |
| 27 Dec 2011 | 10331203 | Small Industries Development Bank of India | ₹1 Cr | Open |
To see the full charge records of Ivory Soap Works Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Ivory Soap Works Limited has 1 court case on record: 1 filed by Ivory Soap Works. 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, Nashik, Maharashtra | Civil suit | Filed by the company against Premier Refrigeration Pvt. Ltd | Disposed |
To see the full case history of Ivory Soap Works 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
Ivory Soap Works Limited has 5 MSME Form 1 returns on record between 2022 and 2023, listing 249 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| J B Fragrances & Flavours | |||
| Janus International Private Limited | |||
| Konark Herbals and Healthcare Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Ivory Soap Works Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ivory Soap Works Limited has a workforce of 36 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
36
Active EPFO establishments
1
Employee growth
2.86%
GST
Ivory Soap Works has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI4895C1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ivory Soap Works Limited, buy the company report.
Recent activity
Ivory Soap Works Limited has 4 board changes on record since 1991: 3 appointments and 1 cessation. The latest: Ajay Motilal Ramnathkar ceased to be Director on 01 Jan 2017.
Charges
A charge with Hdfc Bank Limited of Rs. 2.57 Cr registered on 22 Oct 2021 with Charge ID 100499403 was modified on 03 Nov 2025.
AGM
Ivory Soap Works Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 23 Sep 2016 via Charge ID 100053139 with Sidbi was fully satisfied on 04 Sep 2024.
Charges
A charge registered on 22 Jun 2020 via Charge ID 100351729 with Sidbi was fully satisfied on 30 Aug 2024.
Charges
A charge registered on 18 Jul 2019 via Charge ID 100280304 with Sidbi was fully satisfied on 30 Aug 2024.
Filing
Ivory Soap Works Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 100813150 was registered on 19 Oct 2023.
Charges
A charge with Others amounted to Rs. 0.13 Cr with Charge ID 100733412 was registered on 24 May 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.57 Cr with Charge ID 100499403 was registered on 22 Oct 2021.
Charges
A charge with Sidbi of Rs. 0.58 Cr registered on 22 Jun 2020 with Charge ID 100351729 was modified on 14 Jul 2020.
Charges
A charge with Sidbi amounted to Rs. 0.58 Cr with Charge ID 100351729 was registered on 22 Jun 2020.
Charges
A charge with Sidbi of Rs. 1.30 Cr registered on 18 Jul 2019 with Charge ID 100280304 was modified on 26 Jul 2019.
19 earlier events are in the company report.
Frequently asked questions
Ivory Soap Works is an active public limited company based in Nashik, Maharashtra, India. The company works in soaps and detergents, within the FMCG industry. It was incorporated on 14 October 1991 (35+ years old) and is registered under CIN U24241MH1991PLC063595.
Ivory Soap Works has 3 current directors:
- Ajay Motilal Ramnathkar - Managing Director
- Satish Motilal Ramnathkar - Director
- Sonal Ajay Ramnathkar - Director
The latest financial statements of Ivory Soap Works on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ivory Soap Works is 27AAACI4895C1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ivory Soap Works is U24241MH1991PLC063595. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ivory Soap Works has 1 court case on record: 1 filed by the company.
Ivory Soap Works was incorporated on 14 October 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ivory Soap Works by revenue are Aurumine Naturals Private Limited, Advance Home and Personal Care Limited, Oriental Lotus Hotel Supplies Private Limited, all in the FMCG industry (Personal Care and Skin Care, Soaps and Detergents), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Ajay Motilal Ramnathkar ceased to be Director on 01 Jan 2017. Sonal Ajay Ramnathkar was appointed as Director on 15 Mar 1997. Ajay Motilal Ramnathkar was appointed as Managing Director on 14 Oct 1991. Ivory Soap Works has 4 board changes on record in total.
Yes, Ivory Soap Works is registered as a small enterprise under Udyam registration (number: UDYAM-MH-23-0040153).
Ivory Soap Works has 5 MSME Form 1 returns on record between 2022 and 2023, listing 249 overdue payments to 11 micro and small suppliers. The latest return was filed on 26 Dec 2023.
Ivory Soap Works can be reached through the website ivorysoapworks.com. Its registered office is in Nashik, Maharashtra, India.
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