About Ketul Chem Private Limited
Data last updated:
Ketul Chem Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 05 January 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1990PTC054903. Its GSTIN is 27AAACK5766A1ZP (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.49 Cr. It is led by directors including Hasmukh Chunilal Shah and Prerana Hasmukh Shah.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹98.92 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹7.76 Cr (net margin 7.8%) and EBITDA of ₹4.42 Cr (EBITDA margin 4.5%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 22% over five years.
The company has about 63 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ketul Chem. As per MCA filings, the company has open charges of ₹70 Cr and satisfied charges of ₹228.25 Cr on record. Court records list 159 cases involving the company, including 93 filed by the company and 66 filed against it; 25 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ketulchem.in.
Company details
Contact details
Ketul Chem Private Limited's registered office is in Mumbai, Maharashtra. Its website is ketulchem.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No A 204 Jeevan Prabha Co.Op Soc. Ltd A Wing 2nd Floor, Above Standard Chartered Bank Chandavkar Road, Mumbai, Maharashtra, India – 400092
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Ketul Chem 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
Ketul Chem operates one associated brand: Ketul Chem. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures specialty chemicals and active pharmaceutical ingredients for global markets. | ketulchem.in |
Business activity
The main business activity of Ketul Chem 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 Ketul Chem Private Limited, buy the company report.
Financials of Ketul Chem Private Limited
FY 2025 filings availableKetul Chem Private Limited reported revenue of ₹98.92 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 12% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 22%. EBITDA rose 65% 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 | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.76 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 | 4.5% | ||||
| Net Profit Margin | 7.8% | ||||
| 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 Ketul Chem Private Limited, buy the company report.
Board of directors of Ketul Chem Private Limited
Ketul Chem has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hasmukh Chunilal Shah Also directs: P H Solvents and Chemicals Private Limited, Ketul Chem India Private Limited, Kdac Chem Private Limited and 1 more | Director | 05 Jan 1990 | 36 Years 9 Months | Current |
| Prerana Hasmukh Shah | Director | 16 Aug 2023 | 3 Years 2 Months | Current |
| Ketul Hasmukh Shah Also directs: Ketul Chem India Private Limited | Director | 16 Aug 2023 | 3 Years 2 Months | Current |
Peer comparison
Ketul Chem Private Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (API Manufacturers, 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 |
|---|---|---|---|---|---|---|
| Nishant Organics Private Limited | ₹100.66 Cr (FY 2025) | 21.0% | Vadodara, Gujarat, India | |||
| Datta Hydro-Chem Private Limited | ₹100.58 Cr (FY 2025) | 1.0% | Navi Mumbai, Maharashtra, India | |||
| Magnum Pigments & Polymers Private Limited | ₹100.37 Cr (FY 2025) | 136.0% | Mumbai, Maharashtra, India | |||
| Valens Molecules Private Limited | ₹100.32 Cr (FY 2025) | 0.0% | Hyderabad, Telangana, India | |||
| Ketul Chem Private Limitedthis company | ₹98.92 Cr (FY 2025) | ₹7.76 Cr | 7.8% | 12.0% | 63 | Mumbai, Maharashtra, India |
| Warren Remedies Private Limited | ₹98.74 Cr (FY 2025) | 2320.0% | Aurangabad, Maharashtra, India | |||
| S.Amit Speciality Chemicals Private Limited | ₹98.62 Cr (FY 2024) | 25.0% | Mumbai, Maharashtra, India | |||
| Benova Labs Private Limited | ₹98.59 Cr (FY 2025) | -6.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Ketul Chem Private Limited, buy the company report.
Auditor
Ketul Chem Private Limited is audited by SNH & ASSOCIATES CHARTERED ACCOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SNH & ASSOCIATES CHARTERED ACCOUNTANTS | FY 2023 | 132819W |
Shareholding
The shareholding of Ketul Chem 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 Ketul Chem Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2021 | 100484913 | Others | ₹35 Cr | Open | |
| 09 Aug 2021 | 100484904 | Others | ₹35 Cr | Open | |
| 27 Jul 2022 | 100613297 | Others | ₹50 Lakh | Satisfied | |
| 12 Oct 2017 | 100141313 | Hdfc Bank Limited | ₹25 Cr | Satisfied | |
| 07 Jun 2013 | 10431021 | Dbs Bank Ltd. | ₹20 Cr | Satisfied |
To see the full charge records of Ketul Chem Private Limited, buy the company report.
Total charge records: 20 View all charges
Legal cases
Ketul Chem Private Limited has 159 court cases on record: 93 filed by Ketul Chem, 66 filed against it. 25 cases are pending and 134 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 129 | 46 | 16 |
| High courts | 18 | 9 | 5 |
| Supreme Court | 7 | 7 | 0 |
| NCLAT | 4 | 4 | 3 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 159)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Optus Laminates Pvt Ltd. | Pending |
| NCLT, NCLT Ahmedabad | Insolvency matter | Filed by the company against Vihita Chem Pvt Ltd | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Indian Laminate Manufacturers Association and 1 other | Pending |
| NCLAT, Court II | Tribunal matter | Filed against the company by Indian Laminate Manufacturers Association | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against M/S. Shree Maa Pharmachem Ltd.And Ors. | Pending |
To see the full case history of Ketul Chem 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
Ketul Chem Private Limited was last rated by Crisil on 25 Jun 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 25 Jun 2019 |
To see the full credit ratings and regulatory alerts of Ketul Chem Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ketul Chem Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ketul Chem Private Limited has a workforce of 63 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Ketul Chem has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK5766A1ZP | Maharashtra | Active | 01 Jul 2017 |
| 24AAACK5766A1ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ketul Chem Private Limited, buy the company report.
Recent activity
Ketul Chem Private Limited has 7 board changes on record since 1990: 5 appointments and 2 cessations. The latest: Bhupendra Chunilal Shah ceased to be Director on 20 Sep 2023.
42 earlier events are in the company report.
Frequently asked questions
Ketul Chem is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 05 January 1990 (36+ years old) and is registered under CIN U24110MH1990PTC054903.
Ketul Chem has 3 current directors:
- Hasmukh Chunilal Shah - Director
- Prerana Hasmukh Shah - Director
- Ketul Hasmukh Shah - Director
The latest financial statements of Ketul Chem 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 Ketul Chem is 27AAACK5766A1ZP, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACK5766A1ZV (Gujarat).
The CIN (Corporate Identification Number) of Ketul Chem is U24110MH1990PTC054903. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ketul Chem has 159 court cases on record: 93 filed by the company and 66 filed against it. 25 are pending. Most are in the district courts.
Ketul Chem was incorporated on 05 January 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ketul Chem by revenue are Nishant Organics Private Limited, Datta Hydro-Chem Private Limited, Magnum Pigments & Polymers Private Limited, Valens Molecules Private Limited, Warren Remedies Private Limited and 2 more, all in the Chemicals industry (API Manufacturers, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Bhupendra Chunilal Shah ceased to be Director on 20 Sep 2023. Ketul Hasmukh Shah was appointed as Director on 16 Aug 2023. Prerana Hasmukh Shah was appointed as Director on 16 Aug 2023. Ketul Chem has 7 board changes on record in total.
Ketul Chem can be reached through the website ketulchem.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Ketul Chem is at Unit No A 204 Jeevan Prabha Co.Op Soc. Ltd A Wing 2nd Floor, Above Standard Chartered Bank Chandavkar Road, Mumbai, Maharashtra, India – 400092.