DPIIT recognised startup Government of India
Startup India
Mehta Esters Private Limited
Mehta Esters Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.64 Cr
▲ 101% YoY
Net loss · FY 2024
₹4.48 Lakh
Net margin -2.7%
EBITDA · FY 2024
₹11.69 Lakh
EBITDA margin 7.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Mehta Esters Private Limited
Data last updated:
Mehta Esters Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 28 February 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24299MH2022PTC377672. Its GSTIN is 27AAPCM5146B1ZG (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Vinod Ishwarlal Mehta (Managing Director) and Jignesh Vinod Mehta (Whole-Time Director).
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 101/A Shreyans Keasr Baug Chs Ltd L.T. Road Borivali (West), Mumbai, Maharashtra, India – 400092.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.64 Cr, a growth of 101% compared to the previous year. For the same year it recorded a net loss of ₹4.48 Lakh (net margin -2.7%) and EBITDA of ₹11.69 Lakh (EBITDA margin 7.1%).
Mehta Esters Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0137593).
Company details
CIN U24299MH2022PTC377672
Registration Number 377672
Incorporation Date 28 February 2022
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0137593
Key People
Vinod Ishwarlal Mehta Managing Director Jignesh Vinod Mehta Whole-Time Director Nishith Nitin Mehta Director Recognitions & Rankings of Mehta Esters
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-MH-18-0137593
Contact details
Mehta Esters Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address101/A Shreyans Keasr Baug Chs Ltd L.T. Road Borivali (West), Mumbai, Maharashtra, India – 400092
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Mehta Esters Private Limited, buy the company report.
Comprehensive company report
Mehta Esters 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 Mehta Esters 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 Mehta Esters Private Limited, buy the company report.
Financials of Mehta Esters Private Limited
FY 2025 filings availableMehta Esters Private Limited reported revenue of ₹1.64 Cr (up 101% YoY) for FY 2024.
Revenue · FY 2024
₹1.64 Cr ▲ 101%
Net loss · FY 2024
₹4.48 Lakh margin -2.7%
EBITDA · FY 2024
₹11.69 Lakh margin 7.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 101%
EBITDA CAGR growth
1 year
▼ 1%
Revenue rose 101% in the latest year. EBITDA fell 1% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹11.69 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹4.48 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 7.1% | ||
| Net Profit Margin | -2.7% | ||
| 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 Mehta Esters Private Limited, buy the company report.
Board of directors of Mehta Esters Private Limited
Mehta Esters 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 |
|---|---|---|---|---|
| Jignesh Vinod Mehta Also directs: Om Surface Coating Products LLP, Mehta Petro-Refineries Ltd | Whole-Time Director | 28 Feb 2022 | 4 Years 7 Months | Current |
| Vinod Ishwarlal Mehta Also directs: Om Surface Coating Products LLP, Mehta Petro-Refineries Ltd | Managing Director | 28 Feb 2022 | 4 Years 7 Months | Current |
| Nishith Nitin Mehta | Director | 28 Feb 2022 | 4 Years 7 Months | Current |
Peer comparison
Mehta Esters Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Changrayil Meditech Private Limited | ₹1.65 Cr (FY 2025) | 28.0% | Perumbillissery, Kerala, India | |||
| New Bright Alloychem Private Limited | ₹1.65 Cr (FY 2025) | 0.0% | Agra, Uttar Pradesh, India | |||
| Ashar Chemicals Private Limited | ₹1.64 Cr (FY 2025) | -39.0% | Rajkot, Gujarat, India | |||
| Micro Hydrochem Private Limited | ₹1.64 Cr (FY 2024) | 2.0% | New Delhi, Delhi, India | |||
| Mehta Esters Private Limitedthis company | ₹1.64 Cr (FY 2024) | -₹4.48 Lakh | -2.7% | 101.0% | Mumbai, Maharashtra, India | |
| Synthotex Chemicals Private Limited | ₹1.64 Cr (FY 2025) | -23.0% | Dombivli, Maharashtra, India | |||
| Manish Chemtech Private Limited | ₹1.63 Cr (FY 2025) | 143.0% | Udaipur, Rajasthan, India | |||
| Harcros Chemicals Private Limited | ₹1.63 Cr (FY 2025) | 1503.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Mehta Esters Private Limited, buy the company report.
Auditor
Mehta Esters Private Limited is audited by V J SHAH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V J SHAH & CO. | FY 2023 | 109823W |
Shareholding
The shareholding of Mehta Esters Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Mehta Esters Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mehta Esters Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mehta Esters Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mehta Esters Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
Active EPFO establishments
1
GST
Mehta Esters has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPCM5146B1ZG | Maharashtra | Active | 09 Mar 2022 |
To see the full GST registrations and return filing status of Mehta Esters Private Limited, buy the company report.
Recent activity
Mehta Esters Private Limited has 5 board changes on record since 2022: 4 appointments and 1 cessation. The latest: Paresh Ishwarlal Mehta ceased to be Director on 10 Dec 2024.
AGM
Mehta Esters Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mehta Esters Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Paresh Ishwarlal Mehta ceased to be Director.
Appointed
Jignesh Vinod Mehta was appointed as Whole-Time Director.
Appointed
Nishith Nitin Mehta was appointed as Director.
Appointed
Paresh Ishwarlal Mehta was appointed as Director.
Appointed
Vinod Ishwarlal Mehta was appointed as Managing Director.
Incorporation
28 Feb 2022
Mehta Esters Private Limited was registered on 28 Feb 2022 with Roc Mumbai I & aged 4 years 7 months as per MCA records.
Frequently asked questions
Mehta Esters is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 28 February 2022 (4+ years old) and is registered under CIN U24299MH2022PTC377672.
Mehta Esters has 3 current directors:
- Vinod Ishwarlal Mehta - Managing Director
- Jignesh Vinod Mehta - Whole-Time Director
- Nishith Nitin Mehta - Director
The latest financial statements of Mehta Esters 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 FY 2022 are in the company report.
The GSTIN of Mehta Esters is 27AAPCM5146B1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mehta Esters is U24299MH2022PTC377672. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mehta Esters was incorporated on 28 February 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mehta Esters by revenue are Changrayil Meditech Private Limited, New Bright Alloychem Private Limited, Ashar Chemicals Private Limited, Micro Hydrochem Private Limited, Synthotex Chemicals Private Limited and 2 more, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Paresh Ishwarlal Mehta ceased to be Director on 10 Dec 2024. Jignesh Vinod Mehta was appointed as Whole-Time Director on 28 Feb 2022. Nishith Nitin Mehta was appointed as Director on 28 Feb 2022. Mehta Esters has 5 board changes on record in total.
Yes, Mehta Esters is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Mehta Esters is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0137593).
The registered office of Mehta Esters is at 101A Shreyans Keasr Baug Chs Ltd L.T. Road Borivali West, Mumbai, Maharashtra, India – 400092.