MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0139880
Michelman Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹104.73 Cr
▼ 12% YoY
Net loss · FY 2025
₹8.4 Lakh
Net margin -0.1%
EBITDA · FY 2025
₹3.08 Cr
EBITDA margin 2.9%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.23 Cr
Issued & subscribed
Open charges
₹2 Cr
Secured borrowings
Company age
14 yrs
Est. 2012
Employees · EPFO
17
Provident fund records
About Michelman Private Limited
Data last updated:
Michelman Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Michelman Asia Pacific Pte Ltd. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 14 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH2012FTC234422. Its GSTIN is 27AAICM1894K1ZX (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.23 Cr. It was formerly known as Michelman Chemicals Private Limited. It is led by directors including Shailesh Kumar Nema (Managing Director) and Steven Jeffrey Shifman.
Its last annual general meeting (AGM) was held on 29 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 ₹104.73 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹8.4 Lakh (net margin -0.1%) and EBITDA of ₹3.08 Cr (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 2% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Michelman. As per MCA filings, the company has open charges of ₹2 Cr on record. Court records list 12 cases involving the company, including 11 filed by the company and 1 filed against it; 1 case is pending. The company has 5 deals on record (4 funding rounds, 1 rights issue), with disclosed funding of ₹12.79 Cr; the latest was in February 2020. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier.
Michelman Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0139880). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website michelman.in.
Company details
CIN U24100MH2012FTC234422
Registration Number 234422
Incorporation Date 14 August 2012
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Michelman Asia Pacific Pte Ltd
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0139880
Key People
Shailesh Kumar Nema Managing Director Steven Jeffrey Shifman Director Richard Ira Michelman Director Recognitions & Rankings of Michelman
Contact details
Michelman Private Limited's registered office is in Mumbai, Maharashtra. Its website is michelman.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressE – Wing Tex Centre Co – Op Soc Ltd Unit No 1 2 3 Ground Flr 26A Chandivali Rd Andheri (E, ), Mumbai, Maharashtra, India – 400072
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Michelman Private Limited, buy the company report.
Comprehensive company report
Michelman 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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Brands
Michelman operates one associated brand: Michelman. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality diversified coatings for various applications. | michelman.com |
Business activity
The main business activity of Michelman is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Michelman Private Limited, buy the company report.
Financials of Michelman Private Limited
FY 2025 filings availableMichelman Private Limited reported revenue of ₹104.73 Cr (down 12% YoY) for FY 2025.
Revenue · FY 2025
₹104.73 Cr ▼ 12%
Net loss · FY 2025
₹8.4 Lakh margin -0.1%
EBITDA · FY 2025
₹3.08 Cr margin 2.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 173%
3 years · compounded
▲ 62%
5 years · compounded
▲ 3%
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 173% 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 |
|---|---|---|---|---|---|
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| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹3.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.4 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | -0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Michelman Private Limited, buy the company report.
Board of directors of Michelman Private Limited
Michelman has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Steven Jeffrey Shifman | Director | 14 Aug 2012 | 14 Years 2 Months | Current |
| Richard Ira Michelman | Director | 14 Aug 2012 | 14 Years 2 Months | Current |
| Andrew Jay Michelman | Director | 31 Jan 2024 | 2 Years 8 Months | Current |
| Shailesh Kumar Nema | Managing Director | 01 Jun 2017 | 9 Years 4 Months | Current |
Auditor
Michelman Private Limited is audited by Deloitte Haskins & Sells chartered accountant LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells chartered accountant LLP | FY 2023 | 117364W |
Shareholding
The shareholding of Michelman 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Michelman Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2025 | 101066426 | Jp Morgan Chase Bank, N.A. | ₹2 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Michelman Private Limited has 5 deals on record (4 funding rounds, 1 rights issue), with disclosed funding of ₹12.79 Cr; the latest was in February 2020.
Total deals
5
Funding rounds
4
Rights issue
1
Disclosed funding
₹12.79 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Funding round | ₹9.35 Cr | Investors: Michelman Asia Pacific Pte Limited |
| Jun 2016 | Funding round | ₹2.18 Cr | Investors: Michelman Asia Pacific Pte Limited, Michelman Asia Inc |
| Jun 2014 | Rights issue | ₹1.22 Cr | Investors: Michelman Asia Pacific Pte Limited |
| Dec 2013 | Funding round | ₹1.04 Cr | Investors: Michelman Asia Pacific Pte Limited |
| May 2013 | Funding round | ₹21.9 Lakh | Investors: Michelman Asia Pacific Pte Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Michelman Private Limited has 12 court cases on record: 11 filed by Michelman, 1 filed against it. 1 case is pending and 11 are disposed.
Total cases
12
Filed by the company
11
Filed against the company
1
Pending
1
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 1 | 1 |
| High courts | 4 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Kanodia Technoplast Ltd. and 6 others | Disposed |
| Bombay High Court | Court case (COMSS) | Filed by the company against Kanodia Technoplast Ltd. | Disposed |
| Bombay High Court | Court case (LPETN) | Filed by the company against Kanodia Technoplast Ltd. | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.IDA) | Filed against the company | Pending |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Michelman 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.
MSME payment delays
Michelman Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Michelman Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Michelman Private Limited has a workforce of 17 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
17
Active EPFO establishments
1
GST
Michelman has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICM1894K1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Michelman Private Limited, buy the company report.
Recent activity
Michelman Private Limited has 10 board changes on record since 2012: 4 appointments and 6 cessations. The latest: Andrew Jay Michelman ceased to be Additional Director on 29 Sep 2024.
AGM
Michelman Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Michelman Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Jp Morgan Chase Bank, N.A. amounted to Rs. 2.00 Cr with Charge ID 101066426 was registered on 27 Feb 2025.
Ceased
Andrew Jay Michelman ceased to be Additional Director.
Appointed
Andrew Jay Michelman was appointed as Director.
Ceased
Shailesh Kumar Nema ceased to be Additional Director.
Ceased
Tian Song Wong ceased to be Director.
Appointed
Shailesh Kumar Nema was appointed as Managing Director.
Ceased
Pankaj Dhirajlal Shah ceased to be Director.
Ceased
Alan Craig Blake ceased to be Director.
Ceased
Manoj Chandrashekhar Deorukhkar ceased to be Additional Director.
Appointed
Richard Ira Michelman was appointed as Director.
2 earlier events are in the company report.
News
Frequently asked questions
Michelman is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 14 August 2012 (14+ years old) and is registered under CIN U24100MH2012FTC234422.
Michelman has 4 current directors:
- Shailesh Kumar Nema - Managing Director
- Steven Jeffrey Shifman - Director
- Richard Ira Michelman - Director
- Andrew Jay Michelman - Director
The latest financial statements of Michelman on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Michelman is 27AAICM1894K1ZX, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Michelman is U24100MH2012FTC234422. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Michelman has 12 court cases on record: 11 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Michelman was incorporated on 14 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Michelman has 5 deals on record (4 funding rounds, 1 rights issue), with disclosed funding of ₹12.79 Cr; the latest was in February 2020.
Andrew Jay Michelman ceased to be Additional Director on 29 Sep 2024. Andrew Jay Michelman was appointed as Director on 31 Jan 2024. Shailesh Kumar Nema ceased to be Additional Director on 24 Dec 2018. Michelman has 10 board changes on record in total.
Yes, Michelman is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0139880).
Michelman has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 30 Apr 2024.