MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0115692
Mahavir Expochem Limited - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.06 Cr
▲ 14% YoY
Net profit · FY 2025
₹11.56 Lakh
Net margin 1.6%
EBITDA · FY 2025
₹79.1 Lakh
EBITDA margin 11.2%
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹12 Cr
Issued & subscribed
Satisfied charges
₹1.4 Cr
No open charges
Company age
31 yrs
Est. 1995
Employees · EPFO
5
Provident fund records
About Mahavir Expochem Limited
Data last updated:
Mahavir Expochem Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 18 April 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24110GJ1995PLC025490. Its GSTIN is 24AABCM0632N1ZM (Gujarat).
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹12 Cr. It is led by directors including Paras Vinodchandra Shah (Managing Director) and Vinodbhai Lilchand 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 Mahavir Estate B/H Shahchambers Nr C T M Char Cross Lane Amraiwadi 26, Ahmedabad, Gujarat, India – 380026.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.06 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹11.56 Lakh (net margin 1.6%) and EBITDA of ₹79.1 Lakh (EBITDA margin 11.2%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 17% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹1.4 Cr on record. Court records list 17 cases involving the company, including 7 filed by the company and 10 filed against it; 3 cases are pending.
Mahavir Expochem Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0115692). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahavirexpochem.com.
Company details
CIN U24110GJ1995PLC025490
Registration Number 025490
Incorporation Date 18 April 1995
ROC Ahmedabad
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-GJ-01-0115692
Key People
Paras Vinodchandra Shah Managing Director Vinodbhai Lilchand Shah Director Jigarkumar Indravadan Kapatel Director Recognitions & Rankings of Mahavir Expochem
Contact details
Mahavir Expochem Limited's registered office is in Ahmedabad, Gujarat. Its website is mahavirexpochem.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMahavir Estate B/H Shahchambers Nr C T M Char Cross Lane Amraiwadi 26, Ahmedabad, Gujarat, India – 380026
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Mahavir Expochem Limited, buy the company report.
Comprehensive company report
Mahavir Expochem 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 Mahavir Expochem 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 Mahavir Expochem Limited, buy the company report.
Financials of Mahavir Expochem Limited
FY 2025 filings availableMahavir Expochem Limited reported revenue of ₹7.06 Cr (up 14% YoY) for FY 2025.
Revenue · FY 2025
₹7.06 Cr ▲ 14%
Net profit · FY 2025
₹11.56 Lakh margin 1.6%
EBITDA · FY 2025
₹79.1 Lakh margin 11.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▼ 6%
5 years · compounded
▼ 17%
EBITDA CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 11%
5 years · compounded
▲ 14%
Revenue rose 14% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 17%. EBITDA rose 1% 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 | ₹79.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.56 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 1.6% | ||||
| 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 Mahavir Expochem Limited, buy the company report.
Board of directors of Mahavir Expochem Limited
Mahavir Expochem has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinodbhai Lilchand Shah | Director | 02 Feb 2011 | 15 Years 8 Months | Current |
| Jigarkumar Indravadan Kapatel | Director | 01 Dec 2022 | 3 Years 10 Months | Current |
| Swapnil Chandrakant Patel Also directs: Mahavir Green Crop Limited | Director | 01 Dec 2022 | 3 Years 10 Months | Current |
| Bhagabhai Dahyabhai Bharwad | Director | 01 Dec 2022 | 3 Years 10 Months | Current |
| Paras Vinodchandra Shah | Managing Director | 25 Jul 2006 | 20 Years 3 Months | Current |
| Jitumati Vinodbhai Shah | Director | 24 Nov 2014 | 11 Years 11 Months | Current |
Peer comparison
Mahavir Expochem Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (Industrial 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 |
|---|---|---|---|---|---|---|
| Ancon Chemplast Private Limited | ₹7.17 Cr (FY 2025) | 3.0% | Delhi, India | |||
| Okay Micron Private Limited | ₹7.15 Cr (FY 2024) | -29.0% | Nagaur, Rajasthan, India | |||
| Aashi Auxichem Private Limited | ₹7.09 Cr (FY 2025) | 2.0% | Surat, Gujarat, India | |||
| Mahavir Expochem Limitedthis company | ₹7.06 Cr (FY 2025) | ₹11.56 Lakh | 1.6% | 14.0% | 5 | Ahmedabad, Gujarat, India |
| I-Chess-Chemicals Private Limited | ₹7.04 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Ocimum Life Sciences Private Limited | ₹7.02 Cr (FY 2025) | 34.0% | Hyderabad, Telangana, India | |||
| K A J Chemicals Private Limited | ₹6.99 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Mahavir Expochem Limited, buy the company report.
Auditor
Mahavir Expochem Limited is audited by Vipul I Suthar & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vipul I Suthar & Co | FY 2022 | 129104W |
Shareholding
The shareholding of Mahavir Expochem Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahavir Expochem Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹1.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Aug 2012 | 10375015 | Bank of Baroda | ₹1.4 Cr | Satisfied |
To see the full charge records of Mahavir Expochem Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Mahavir Expochem Limited has 17 court cases on record: 7 filed by Mahavir Expochem, 10 filed against it. 3 cases are pending and 14 are disposed.
Total cases
17
Filed by the company
7
Filed against the company
10
Pending
3
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 10 | 3 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against A.P.S.Star Industries Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (DST-LC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against individuals | Pending |
| High Court, GUJARAT | Appeal | Filed by the company against individuals | Disposed |
To see the full case history of Mahavir Expochem 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
Mahavir Expochem Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 8 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| A-1 Limited |
To see the full MSME payment records of Mahavir Expochem Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mahavir Expochem Limited has a workforce of 5 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
Employee growth
150%
GST
Mahavir Expochem has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCM0632N1ZM | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahavir Expochem Limited, buy the company report.
Recent activity
Mahavir Expochem Limited has 17 board changes on record since 2006: 6 appointments and 11 cessations. The latest: Bhagabhai Dahyabhai Bharwad ceased to be Additional Director on 29 Sep 2023.
AGM
Mahavir Expochem Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mahavir Expochem Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Bhagabhai Dahyabhai Bharwad ceased to be Additional Director.
Ceased
Jigarkumar Indravadan Kapatel ceased to be Additional Director.
Ceased
Swapnil Chandrakant Patel ceased to be Additional Director.
Appointed
Bhagabhai Dahyabhai Bharwad was appointed as Director.
Appointed
Jigarkumar Indravadan Kapatel was appointed as Director.
Appointed
Swapnil Chandrakant Patel was appointed as Director.
Ceased
Jitumati Vinodbhai Shah ceased to be Additional Director.
Charges
A charge registered on 28 Aug 2012 via Charge ID 10375015 with Bank Of Baroda was fully satisfied on 17 Jun 2020.
Appointed
Jitumati Vinodbhai Shah was appointed as Director.
Charges
A charge with Bank Of Baroda amounted to Rs. 1.40 Cr with Charge ID 10375015 was registered on 28 Aug 2012.
10 earlier events are in the company report.
Frequently asked questions
Mahavir Expochem is an active public limited company based in Ahmedabad, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 18 April 1995 (31+ years old) and is registered under CIN U24110GJ1995PLC025490.
Mahavir Expochem has 6 current directors:
- Paras Vinodchandra Shah - Managing Director
- Vinodbhai Lilchand Shah - Director
- Jigarkumar Indravadan Kapatel - Director
- Swapnil Chandrakant Patel - Director
- Bhagabhai Dahyabhai Bharwad - Director
- Jitumati Vinodbhai Shah - Director
The latest financial statements of Mahavir Expochem 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 Mahavir Expochem is 24AABCM0632N1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Mahavir Expochem is U24110GJ1995PLC025490. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahavir Expochem has 17 court cases on record: 7 filed by the company and 10 filed against it. 3 are pending. Most are in the district courts.
Mahavir Expochem was incorporated on 18 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Mahavir Expochem by revenue are Ancon Chemplast Private Limited, Okay Micron Private Limited, Aashi Auxichem Private Limited, I-Chess-Chemicals Private Limited, Ocimum Life Sciences Private Limited and 1 more, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Bhagabhai Dahyabhai Bharwad ceased to be Additional Director on 29 Sep 2023. Jigarkumar Indravadan Kapatel ceased to be Additional Director on 29 Sep 2023. Swapnil Chandrakant Patel ceased to be Additional Director on 29 Sep 2023. Mahavir Expochem has 17 board changes on record in total.
Yes, Mahavir Expochem is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0115692).
Mahavir Expochem has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 8 overdue payments to 6 micro and small suppliers. The latest return was filed on 29 May 2019.
Mahavir Expochem can be reached through the website mahavirexpochem.com. Its registered office is in Ahmedabad, Gujarat, India.
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