About Metropolitan Eximchem Private Limited
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Metropolitan Eximchem Private Limited is a private 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 01 August 1968 and has been in existence for over 58 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U19202MH1968PTC014067. Its GSTIN is 27AAACM9514C1ZP (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.45 Cr. It was formerly known as Metropolitan Footwear Industries Pvt Ltd and Metropolitan Footwear Industries Ltd. It is led by directors including Rajiv Nagindas Sheth (Managing Director) and Kairav Rajiv Sheth.
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 ₹317.29 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹35.55 Cr (net margin 11.2%) and EBITDA of ₹67.19 Cr (EBITDA margin 21.2%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 9% over five years.
The company has about 378 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Metropolitan Eximchem. As per MCA filings, the company has open charges of ₹94.35 Cr and satisfied charges of ₹77.28 Cr on record. Court records list 28 cases involving the company, including 17 filed by the company and 11 filed against it; 15 cases are pending. The company has 15 deals on record (15 secondary share transfers); the latest was in November 2024. Its 5 peer companies in the Chemicals industry (Dyes and Pigments, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 2 smaller; the largest is Sarex Organics Private Limited with revenue of ₹325.91 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website metrosun.com.
Company details
Name history
Metropolitan Eximchem has undergone 3 name changes throughout its history. The company was previously known as Metropolitan Footwear Industries Pvt Ltd, Metropolitan Footwear Industries Ltd, and Metropolitan Eximchem Limited. The current legal name is Metropolitan Eximchem Private Limited.
| Company Name | Status |
|---|---|
| Metropolitan Eximchem Private Limited | Current |
| Metropolitan Footwear Industries Pvt Ltd | Previous |
| Metropolitan Footwear Industries Ltd | Previous |
| Metropolitan Eximchem Limited | Previous |
CIN history
Metropolitan Eximchem has one previous CIN (Corporate Identification Number): U19202MH1968PLC014067. The current CIN is U19202MH1968PTC014067, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U19202MH1968PTC014067 | Current |
| U19202MH1968PLC014067 | Previous |
Contact details
Metropolitan Eximchem Private Limited's registered office is in Mumbai, Maharashtra. Its website is metrosun.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address201/B Runwal & Omkar Esquare Opp.Sion – Chunabhatti Signal Eastern Express Highway Sion (E, ), Mumbai, Maharashtra, India – 400022
- IndustryChemicals and Materials, Dyes & Pigments, Specialty Chemicals, Colorants
To see the full contact details of Metropolitan Eximchem 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
Metropolitan Eximchem operates one associated brand: Metropolitan Eximchem. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures specialty chemicals and provides custom synthesis services. | metrosun.com |
Business activity
The main business activity of Metropolitan Eximchem 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 Metropolitan Eximchem Private Limited, buy the company report.
Financials of Metropolitan Eximchem Private Limited
FY 2025 filings availableMetropolitan Eximchem Private Limited reported revenue of ₹317.29 Cr (up 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 13% growth in the latest year. EBITDA rose 5% 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 | ₹317.29 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹67.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹35.55 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 | 21.2% | ||||
| Net Profit Margin | 11.2% | ||||
| 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 Metropolitan Eximchem Private Limited, buy the company report.
Board of directors of Metropolitan Eximchem Private Limited
Metropolitan Eximchem has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Nagindas Sheth | Managing Director | 02 Jul 1993 | 33 Years 4 Months | Current |
| Kairav Rajiv Sheth | Director | 07 Aug 2019 | 7 Years 3 Months | Current |
| Roopa Rajiv Sheth | Director | 10 Feb 2009 | 17 Years 9 Months | Current |
Peer comparison
Metropolitan Eximchem Private Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments, 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 |
|---|---|---|---|---|---|---|
| Sarex Organics Private Limited | ₹325.91 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| Balaji Speciality Chemicals Limited | ₹325.46 Cr (FY 2024) | -59.0% | Solapur, Maharashtra, India | |||
| Fortis Chemicals Private Limited | ₹320.23 Cr (FY 2025) | -14.0% | Kolabira, Odisha, India | |||
| Metropolitan Eximchem Private Limitedthis company | ₹317.29 Cr (FY 2025) | ₹35.55 Cr | 11.2% | 13.0% | Mumbai, Maharashtra, India | |
| Shyam Chemicals Pvt Ltd | ₹310.78 Cr (FY 2025) | 37.0% | Mumbai, Maharashtra, India | |||
| Toyotsu Rare Earths India Private Limited | ₹307.7 Cr (FY 2025) | -29.0% | Anakapalle, Andhra Pradesh, India |
To see the full peer comparison of Metropolitan Eximchem Private Limited, buy the company report.
Auditor
Metropolitan Eximchem Private Limited is audited by SHETH DOCTOR AND ASSOCIATES for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHETH DOCTOR AND ASSOCIATES | FY 2025 | 124822W |
Shareholding
The shareholding of Metropolitan Eximchem Private 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 Metropolitan Eximchem Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2025 | 101157925 | Hdfc Bank Limited | ₹30 Cr | Open | |
| 16 Apr 2024 | 100925288 | Hdfc Bank Limited | ₹14 Cr | Open | |
| 04 Jan 2024 | 100854769 | Hdfc Bank Limited | ₹20.3 Cr | Open | |
| 26 Feb 2021 | 100427556 | Others | ₹30 Cr | Open | |
| 17 Nov 1973 | 90161351 | Bank of Baroda | ₹5 Lakh | Open |
To see the full charge records of Metropolitan Eximchem Private Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Metropolitan Eximchem Private Limited has 15 deals on record (15 secondary share transfers); the latest was in November 2024.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2013 | Secondary share transfer | Undisclosed | Buyer: Sunbeam Monochem Private Limited , N P Sheth HUF Seller: Umang Foundation |
| Aug 2013 | Secondary share transfer | Undisclosed | Buyer: Sunbeam Monochem Private Limited , Umang Foundation Seller: an individual |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: Sunbeam Monochem Private Limited Seller: an individual |
| Jan 2012 | Secondary share transfer | Undisclosed | Buyer: Sunbeam Monochem Private Limited Seller: an individual |
| Dec 2010 | Secondary share transfer | Undisclosed | Buyer: Sunbeam Monochem Private Limited Seller: an individual |
To see the full deal history of Metropolitan Eximchem Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Metropolitan Eximchem Private Limited has 28 court cases on record: 17 filed by Metropolitan Eximchem, 11 filed against it. 15 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 8 | 15 |
| High courts | 6 | 3 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Referene (IT)) | Filed by the company against an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Pending |
To see the full case history of Metropolitan Eximchem 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
Metropolitan Eximchem Private Limited was last rated by Icra on 07 Jan 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Jan 2021 |
To see the full credit ratings and regulatory alerts of Metropolitan Eximchem Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Metropolitan Eximchem Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Metropolitan Eximchem has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Metropolitan Eximchem has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM9514C1ZP | Maharashtra | Active | 01 Jul 2017 |
| 24AAACM9514C1ZV | Gujarat | Active | 02 Feb 2018 |
To see the full GST registrations and return filing status of Metropolitan Eximchem Private Limited, buy the company report.
Recent activity
Metropolitan Eximchem Private Limited has 7 board changes on record since 1993: 5 appointments and 2 cessations. The latest: Nagindas Padamshi Sheth ceased to be Whole-Time Director on 01 Jun 2024.
35 earlier events are in the company report.
Frequently asked questions
Metropolitan Eximchem is an active private limited company based in Mumbai, Maharashtra, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 01 August 1968 (58+ years old) and is registered under CIN U19202MH1968PTC014067.
Metropolitan Eximchem has 3 current directors:
- Rajiv Nagindas Sheth - Managing Director
- Kairav Rajiv Sheth - Director
- Roopa Rajiv Sheth - Director
The latest financial statements of Metropolitan Eximchem 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 Metropolitan Eximchem is 27AAACM9514C1ZP, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACM9514C1ZV (Gujarat).
The CIN (Corporate Identification Number) of Metropolitan Eximchem is U19202MH1968PTC014067. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Metropolitan Eximchem has 28 court cases on record: 17 filed by the company and 11 filed against it. 15 are pending. Most are in the district courts.
Metropolitan Eximchem was incorporated on 01 August 1968, making it 58+ years old. It is registered with the Registrar of Companies, Mumbai.
Metropolitan Eximchem has 15 deals on record (15 secondary share transfers); the latest was in November 2024.
The peers of Metropolitan Eximchem by revenue are Sarex Organics Private Limited, Balaji Speciality Chemicals Limited, Fortis Chemicals Private Limited, Shyam Chemicals Pvt Ltd, Toyotsu Rare Earths India Private Limited, all in the Chemicals industry (Dyes and Pigments, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Nagindas Padamshi Sheth ceased to be Whole-Time Director on 01 Jun 2024. Kairav Rajiv Sheth was appointed as Director on 07 Aug 2019. Ganesh Krishnamurty Narayan ceased to be Director on 18 Feb 2009. Metropolitan Eximchem has 7 board changes on record in total.
Metropolitan Eximchem can be reached through the website metrosun.com. Its registered office is in Mumbai, Maharashtra, India.
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