MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0116717
Lona Industries Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹300.81 Cr
▲ 24% YoY
Net loss · FY 2025
₹5.14 Cr
Net margin -1.7%
EBITDA · FY 2025
₹1.07 Cr
EBITDA margin 0.4%
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹7.62 Cr
Issued & subscribed
Open charges
₹35 Cr
Satisfied ₹164.67 Cr
Company age
64 yrs
Est. 1962
Employees · EPFO
262
Provident fund records
About Lona Industries Limited
Data last updated:
Lona Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 27 November 1962 and has been in existence for over 64 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1962PLC012526. Its GSTIN is 27AAACL1166F1ZS (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 ₹7.62 Cr. It was formerly known as Lona Industries Private Limited. It is led by directors including Varun Abhay Udeshi and Jayant Ramhari Dhote.
Its last annual general meeting (AGM) was held on 29 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gharkul Plot No.82 Dr. M. B. Raut Marg Shivaji Park Dadar (West), Mumbai, Maharashtra, India – 400028.
As per the financials filed for FY 2025, the company reported a revenue of ₹300.81 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net loss of ₹5.14 Cr (net margin -1.7%) and EBITDA of ₹1.07 Cr (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 5% over five years.
The company has about 262 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35 Cr and satisfied charges of ₹164.67 Cr on record. Court records list 38 cases involving the company, including 25 filed by the company and 13 filed against it; 6 cases are pending.
Lona Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0116717). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lona.com.
Company details
CIN U24110MH1962PLC012526
Registration Number 012526
Incorporation Date 27 November 1962
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 November 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0116717
Recognitions & Rankings of Lona Industries
Contact details
Lona Industries Limited's registered office is in Mumbai, Maharashtra. Its website is lona.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGharkul Plot No.82 Dr. M. B. Raut Marg Shivaji Park Dadar (West), Mumbai, Maharashtra, India – 400028
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Lona Industries Limited, buy the company report.
Comprehensive company report
Lona Industries 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 Lona Industries 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 Lona Industries Limited, buy the company report.
Financials of Lona Industries Limited
FY 2025 filings availableLona Industries Limited reported revenue of ₹300.81 Cr (up 24% YoY) for FY 2025.
Revenue · FY 2025
₹300.81 Cr ▲ 24%
Net loss · FY 2025
₹5.14 Cr margin -1.7%
EBITDA · FY 2025
₹1.07 Cr margin 0.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▼ 1%
5 years · compounded
▲ 5%
EBITDA CAGR growth
3 years · compounded
▼ 62%
5 years · compounded
▼ 40%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 24% 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 | ₹300.81 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.14 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 | 0.4% | ||||
| Net Profit Margin | -1.7% | ||||
| 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 Lona Industries Limited, buy the company report.
Board of directors of Lona Industries Limited
Lona Industries has 5 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Abhay Udeshi | Director | 27 Jun 2025 | 1 Years 4 Months | Current |
| Jayant Ramhari Dhote Also directs: Altaroma Chemicals Private Limited, Brownstone International Pvt Ltd, Alta Leasing and Finance Limited and 4 more | Director | 09 Aug 1978 | 48 Years 2 Months | Current |
| Aaditya Jayant Dhote | Director | 27 Jun 2025 | 1 Years 4 Months | Current |
| Saloni Rajababu Sheth Also directs: GK Cold Chain Solutions Private Limited | Additional Director | 04 Jun 2026 | 0 Years 4 Months | Current |
| Yoshimasa Ito | Director | 27 Jun 2025 | 1 Years 4 Months | Current |
Peer comparison
Lona Industries Limited is compared with the 6 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bansal Alkalies Private Limited | ₹346.46 Cr (FY 2025) | 44.0% | Ahmedabad, Gujarat, India | |||
| Metropolitan Eximchem Private Limited | ₹317.29 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Crystal Quinone Pvt Ltd | ₹306.89 Cr (FY 2025) | 8.0% | Ahmedabad, Gujarat, India | |||
| Lona Industries Limitedthis company | ₹300.81 Cr (FY 2025) | -₹5.14 Cr | -1.7% | 24.0% | 262 | Mumbai, Maharashtra, India |
| Detergeo Chem Private Limited | ₹297.03 Cr (FY 2025) | 46.0% | New Delhi, Delhi, India | |||
| Sicer India Private Limited | ₹275.1 Cr (FY 2025) | 27.0% | Wankaner, Gujarat, India | |||
| Saraf Chemicals Private Limited | ₹271.96 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Lona Industries Limited, buy the company report.
Auditor
Lona Industries Limited is audited by B. K. Khare & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. K. Khare & Co | FY 2024 | 105102W |
Shareholding
The shareholding of Lona Industries Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Lona Industries Limited, buy the company report.
Charges & borrowings
Open charges
₹35 Cr
Satisfied charges
₹164.67 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 May 2026 | 101293211 | Others | ₹35 Cr | Open | |
| 27 May 2022 | 100578706 | Others | ₹20 Cr | Satisfied | |
| 10 Aug 2021 | 100473224 | Others | ₹5.45 Lakh | Satisfied | |
| 31 Jan 2020 | 100321353 | Others | ₹13.5 Lakh | Satisfied | |
| 27 Mar 2019 | 100249962 | Others | ₹15 Cr | Satisfied |
To see the full charge records of Lona Industries Limited, buy the company report.
Total charge records: 19 View all charges
Legal cases
Lona Industries Limited has 38 court cases on record: 25 filed by Lona Industries, 13 filed against it. 6 cases are pending and 32 are disposed.
Total cases
38
Filed by the company
25
Filed against the company
13
Pending
6
Disposed
32
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 5 | 6 |
| High courts | 15 | 8 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Trichem Intermediates Pvt Ltd | Disposed |
| Bombay High Court | Court case (SS) | Filed by the company against Trichem Intermediates Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (SJ) | Filed by the company against Trichem Intermediates Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (CHS) | Filed by the company against Trichem Intermediates Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (SS) | Filed by the company against Mafatlal Dyes and Chemicals Ltd | Disposed |
To see the full case history of Lona Industries 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
Lona Industries Limited was last rated by Care on 30 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Mar 2022 |
To see the full credit ratings and regulatory alerts of Lona Industries Limited, buy the company report.
MSME payment delays
Lona Industries Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 324 overdue payments to 27 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 27)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Krishna Solvechem Limited | |||
| an individual supplier | |||
| Royalty Minerals | |||
| an individual supplier | |||
| Bluestone Metals & Chemicals Private Limited |
To see the full MSME payment records of Lona Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Lona Industries Limited has a workforce of 262 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
Employee count
262
Active EPFO establishments
1
Employee growth
-1.13%
GST
Lona Industries has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACL1166F1ZS | Maharashtra | Active | 01 Jul 2017 |
| 27AAACL1166F1D1 | Maharashtra | Active | 02 Jan 2025 |
To see the full GST registrations and return filing status of Lona Industries Limited, buy the company report.
Recent activity
Lona Industries Limited has 19 board changes on record since 1978: 5 appointments and 14 cessations. The latest: Saloni Rajababu Sheth was appointed as Additional Director on 04 Jun 2026.
Appointed
Saloni Rajababu Sheth was appointed as Additional Director.
Charges
A charge registered on 10 Aug 2021 via Charge ID 100473224 with Others was fully satisfied on 22 May 2026.
Charges
A charge with Others amounted to Rs. 35.00 Cr with Charge ID 101293211 was registered on 08 May 2026.
AGM
Lona Industries Limited last Annual general meeting of members was held on 29 Nov 2025 as per latest MCA records.
Charges
A charge registered on 27 May 2022 via Charge ID 100578706 with Others was fully satisfied on 29 Nov 2025.
Charges
A charge registered on 27 Mar 2019 via Charge ID 100249962 with Others was fully satisfied on 24 Nov 2025.
Charges
A charge registered on 14 Mar 2019 via Charge ID 100249961 with Others was fully satisfied on 24 Nov 2025.
Appointed
Aaditya Jayant Dhote was appointed as Director.
Appointed
Varun Abhay Udeshi was appointed as Director.
Appointed
Yoshimasa Ito was appointed as Director.
Ceased
Mangala Chavan ceased to be Director.
Filing
Lona Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
51 earlier events are in the company report.
Frequently asked questions
Lona Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 27 November 1962 (64+ years old) and is registered under CIN U24110MH1962PLC012526.
Lona Industries has 5 current directors:
- Varun Abhay Udeshi - Director
- Jayant Ramhari Dhote - Director
- Aaditya Jayant Dhote - Director
- Saloni Rajababu Sheth - Additional Director
- Yoshimasa Ito - Director
The latest financial statements of Lona Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 November 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Lona Industries is 27AAACL1166F1ZS, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACL1166F1D1 (Maharashtra).
The CIN (Corporate Identification Number) of Lona Industries is U24110MH1962PLC012526. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lona Industries has 38 court cases on record: 25 filed by the company and 13 filed against it. 6 are pending. Most are in the district courts.
Lona Industries was incorporated on 27 November 1962, making it 64+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Lona Industries by revenue are Bansal Alkalies Private Limited, Metropolitan Eximchem Private Limited, Crystal Quinone Pvt Ltd, Detergeo Chem Private Limited, Sicer India Private Limited and 1 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).
Saloni Rajababu Sheth was appointed as Additional Director on 04 Jun 2026. Aaditya Jayant Dhote was appointed as Director on 27 Jun 2025. Varun Abhay Udeshi was appointed as Director on 27 Jun 2025. Lona Industries has 19 board changes on record in total.
Yes, Lona Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0116717).
Lona Industries has 7 MSME Form 1 returns on record between 2019 and 2024, listing 324 overdue payments to 27 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Lona Industries can be reached through the website lona.com. Its registered office is in Mumbai, Maharashtra, India.
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