J.J. Nitro Products Private Limited

J.J. Nitro Products Private Limited - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U24304GJ2018PTC102829 Incorporated 14 June 2018 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company chemicals and materials MSME · Small
Data last updated
Revenue · FY 2025
₹20.7 Cr
▼ 7% YoY
Net loss · FY 2025
₹2.5 Cr
Net margin -12.1%
EBITDA · FY 2025
-₹1.19 Cr
EBITDA margin -5.7%
Authorised capital
₹7.85 Cr
Registered with MCA
Paid-up capital
₹7.85 Cr
Issued & subscribed
Open charges
₹39.4 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
41
Provident fund records

About J.J. Nitro Products Private Limited

Data last updated:

J.J. Nitro Products Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 14 June 2018 and has been in existence for over 8 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24304GJ2018PTC102829. Its GSTIN is 24AAECJ2813P1ZF (Gujarat).

The company has an authorised share capital of ₹7.85 Cr and a paid-up capital of ₹7.85 Cr. It is led by directors including Sangita Nareshbhai Monga and Karan Naresh Monga.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. 288 Phase II G I D C Nr Iron Brush Pvt Ltd Oppvatva Rly Station Vatva, Ahmedabad, Gujarat, India – 382445.

As per the financials filed for FY 2025, the company reported a revenue of ₹20.7 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹2.5 Cr (net margin -12.1%) and EBITDA of -₹1.19 Cr (EBITDA margin -5.7%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 23% over five years.

The company has about 41 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹39.4 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 3 cases are pending.

J.J. Nitro Products Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0127449). For more details, the company can be reached via its website jjnitro.com.

Company details

CIN U24304GJ2018PTC102829
Registration Number 102829
Incorporation Date 14 June 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0127449
Key People
Sangita Nareshbhai Monga Director Karan Naresh Monga Director Nareshbhai Jagrajdas Monga Director

Recognitions & Rankings of J.J. Nitro Products

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-01-0127449

Contact details

J.J. Nitro Products Private Limited's registered office is in Ahmedabad, Gujarat. Its website is jjnitro.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    jjnitro.com
  • Registered Address
    Plot No. 288 Phase II G I D C Nr Iron Brush Pvt Ltd Oppvatva Rly Station Vatva, Ahmedabad, Gujarat, India – 382445
  • Industry
    Chemicals and Materials, Dyes & Pigments, Colorants

To see the full contact details of J.J. Nitro Products Private Limited, buy the company report.

Comprehensive company report
J.J. Nitro Products 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 J.J. Nitro Products is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of J.J. Nitro Products Private Limited, buy the company report.

Financials of J.J. Nitro Products Private Limited

FY 2024 filings available

J.J. Nitro Products Private Limited reported revenue of ₹20.7 Cr (down 7% YoY) for FY 2025.

Revenue · FY 2025
₹20.7 Cr ▼ 7%
Net loss · FY 2025
₹2.5 Cr margin -12.1%
EBITDA · FY 2025
-₹1.19 Cr margin -5.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▼ 33%
5 years · compounded
▼ 23%
EBITDA CAGR growth
1 year
▼ 177%
3 years · compounded
▼ 28%
5 years · compounded
▼ 16%

Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 7% fall in the latest year. EBITDA fell 177% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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-₹1.19 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹2.5 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-5.7%
Net Profit Margin-12.1%
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 J.J. Nitro Products Private Limited, buy the company report.

Board of directors of J.J. Nitro Products Private Limited

J.J. Nitro Products has 3 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Sangita Nareshbhai Monga
Also directs: Anukaran Chemicals Private Limited
Director14 Jun 20188 Years 4 MonthsCurrent
Karan Naresh Monga
Also directs: Anukaran Chemicals Private Limited
Director14 Jun 20188 Years 4 MonthsCurrent
Nareshbhai Jagrajdas Monga
Also directs: Anukaran Chemicals Private Limited
Director14 Jun 20188 Years 4 MonthsCurrent
View all directors

Peer comparison

J.J. Nitro Products Private Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Narayan Dye Stuff Private Limited₹21.36 Cr (FY 2024)48.0%Ahmedabad, Gujarat, India
Sanchi Organics Pvt Ltd₹21.15 Cr (FY 2024)15.0%Mumbai, Maharashtra, India
Macson Color Chem Private Limited₹21.11 Cr (FY 2023)-67.0%Surat, Gujarat, India
J.J. Nitro Products Private Limitedthis company₹20.7 Cr (FY 2025)-₹2.5 Cr-12.1%-7.0%41Ahmedabad, Gujarat, India
Harsiddhi Organics Private Limited₹20.45 Cr (FY 2025)28.0%Vadodara, Gujarat, India
Apollo Ingredients India Private Limited₹20.45 Cr (FY 2024)-30.0%Thane, Maharashtra, India
Andes Colours Private Limited₹19.87 Cr (FY 2025)64.0%Ahmedabad, Gujarat, India
Advance Pigments Private Limited₹19.74 Cr (FY 2025)-7.0%Ahmedabad, Gujarat, India

To see the full peer comparison of J.J. Nitro Products Private Limited, buy the company report.

Auditor

J.J. Nitro Products Private Limited is audited by MUKESHKUMAR JAIN & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
MUKESHKUMAR JAIN & COFY 2023106619W

Shareholding

The shareholding of J.J. Nitro Products 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of J.J. Nitro Products Private Limited, buy the company report.

Charges & borrowings

Open charges
₹39.4 Cr
Satisfied charges
None
Breakdown by lending institutions
State Bank of India₹39.40 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Jul 2019100276695State Bank of India₹19.7 CrOpen
03 Jul 2018100195927State Bank of India₹19.7 CrOpen

To see the full charge records of J.J. Nitro Products Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

J.J. Nitro Products Private Limited has 8 MSME Form 1 returns on record between 2019 and 2022, listing 88 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)

SupplierAmount dueDue sinceReported on
Shree Ganesh Timber Suppliers
an individual supplier
an individual supplier
Snehal Packaging
an individual supplier

To see the full MSME payment records of J.J. Nitro Products Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

J.J. Nitro Products Private Limited has a workforce of 41 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
41
Active EPFO establishments
1
Employee growth
-10.87%

GST

J.J. Nitro Products has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAECJ2813P1ZFGujaratActive14 Jun 2018

To see the full GST registrations and return filing status of J.J. Nitro Products Private Limited, buy the company report.

Recent activity

J.J. Nitro Products Private Limited has 3 board changes on record since 2018: 3 appointments. The latest: Karan Naresh Monga was appointed as Director on 14 Jun 2018.

Charges
A charge with State Bank Of India of Rs. 19.70 Cr registered on 25 Jul 2019 with Charge ID 100276695 was modified on 01 May 2025.
Charges
A charge with State Bank Of India of Rs. 19.70 Cr registered on 03 Jul 2018 with Charge ID 100195927 was modified on 01 May 2025.
AGM
J.J. Nitro Products Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
J.J. Nitro Products Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with State Bank Of India amounted to Rs. 19.70 Cr with Charge ID 100276695 was registered on 25 Jul 2019.
Charges
A charge with State Bank Of India amounted to Rs. 19.70 Cr with Charge ID 100195927 was registered on 03 Jul 2018.
Appointed
Karan Naresh Monga was appointed as Director.
Appointed
Nareshbhai Jagrajdas Monga was appointed as Director.
Appointed
Sangita Nareshbhai Monga was appointed as Director.
Incorporation
14 Jun 2018
J.J. Nitro Products Private Limited was registered on 14 Jun 2018 with Roc Ahmedabad & aged 8 years 4 months as per MCA records.

Frequently asked questions

J.J. Nitro Products is an active private limited company based in Ahmedabad, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 14 June 2018 (8+ years old) and is registered under CIN U24304GJ2018PTC102829.

J.J. Nitro Products has 3 current directors:

The latest financial statements of J.J. Nitro Products on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.

The GSTIN of J.J. Nitro Products is 24AAECJ2813P1ZF, registered in Gujarat.

The CIN (Corporate Identification Number) of J.J. Nitro Products is U24304GJ2018PTC102829. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

J.J. Nitro Products has 4 court cases on record: 4 filed by the company. 3 are pending. Most are in the district courts.

J.J. Nitro Products was incorporated on 14 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.

The peers of J.J. Nitro Products by revenue are Narayan Dye Stuff Private Limited, Sanchi Organics Pvt Ltd, Macson Color Chem Private Limited, Harsiddhi Organics Private Limited, Apollo Ingredients India Private Limited and 2 more, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Karan Naresh Monga was appointed as Director on 14 Jun 2018. Nareshbhai Jagrajdas Monga was appointed as Director on 14 Jun 2018. Sangita Nareshbhai Monga was appointed as Director on 14 Jun 2018.

Yes, J.J. Nitro Products is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0127449).

J.J. Nitro Products has 8 MSME Form 1 returns on record between 2019 and 2022, listing 88 overdue payments to 11 micro and small suppliers. The latest return was filed on 07 Nov 2023.

J.J. Nitro Products can be reached through the website jjnitro.com. Its registered office is in Ahmedabad, Gujarat, India.