About Mihir Dye Chem. Private Limited
Data last updated:
Mihir Dye Chem. Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 04 February 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24231KA1992PTC012796. Its GSTIN is 33AABCM8030E1ZY (Tamil Nadu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors including Vasa Pratap Maneklal and Narendra Maneklal Vasa.
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 No. 211 Mora Chambers 9 Millers Road Bangalore, Karnataka, India – 560052.
As per the financials filed for FY 2021, the company reported a revenue of ₹10.82 Lakh, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹15.58 Lakh (net margin -144%) and EBITDA of -₹7.01 Lakh (EBITDA margin -64.8%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years and 51% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹80 Lakh on record. Court records list 15 cases involving the company, including 10 filed by the company and 5 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website indchem.net.
Company details
CIN history
Mihir Dye Chem has one previous CIN (Corporate Identification Number): U02423KA1992PTC012796. The current CIN is U24231KA1992PTC012796, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24231KA1992PTC012796 | Current |
| U02423KA1992PTC012796 | Previous |
Contact details
Mihir Dye Chem. Private Limited's registered office is in Bangalore, Karnataka. Its website is indchem.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 211 Mora Chambers 9 Millers Road Bangalore, Karnataka, India – 560052
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Mihir Dye Chem. 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
Business activity
The main business activity of Mihir Dye Chem 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 Mihir Dye Chem. Private Limited, buy the company report.
Financials of Mihir Dye Chem. Private Limited
FY 2025 filings availableMihir Dye Chem. Private Limited reported revenue of ₹10.82 Lakh (down 71% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over five years, including a 71% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10.82 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7.01 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.58 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -64.8% | ||||
| Net Profit Margin | -144% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| 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 Mihir Dye Chem. Private Limited, buy the company report.
Board of directors of Mihir Dye Chem. Private Limited
Mihir Dye Chem has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vasa Pratap Maneklal | Director | 04 Feb 1992 | 34 Years 9 Months | Current |
| Narendra Maneklal Vasa | Director | 03 Dec 1998 | 27 Years 11 Months | Current |
| Vasa Paresh Pratap Also directs: GSM Realtors Holdings LLP | Director | 22 Mar 1997 | 29 Years 7 Months | Current |
| Vasa Mahendra Maneklal | Director | 03 Dec 1998 | 27 Years 11 Months | Current |
| Rajesh Maneklal Vasa | Director | 04 Feb 1992 | 34 Years 9 Months | Current |
Auditor
Mihir Dye Chem. Private Limited is audited by M RAJASEKARAN for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M RAJASEKARAN | FY 2021 | 022990 |
Shareholding
The shareholding of Mihir Dye Chem. Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mihir Dye Chem. Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Nov 2006 | 10058565 | Bank of Baroda | ₹40 Lakh | Satisfied | |
| 13 Nov 2006 | 10465870 | Bank of Baroda | ₹40 Lakh | Satisfied |
To see the full charge records of Mihir Dye Chem. Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Mihir Dye Chem. Private Limited has 15 court cases on record: 10 filed by Mihir Dye Chem, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 3 | 0 |
| High courts | 4 | 2 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against Kinesis Exports Pvt Ltd and 1 other | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Mihir Dye Chem. 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
No delayed payments to MSME suppliers are on our record for Mihir Dye Chem. Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mihir Dye Chem. Private Limited has a workforce of 3 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Mihir Dye Chem has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCM8030E1ZY | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mihir Dye Chem. Private Limited, buy the company report.
Recent activity
Mihir Dye Chem. Private Limited has 6 board changes on record since 1992: 5 appointments and 1 cessation. The latest: Rajasekaran Saikishan ceased to be Additional Director on 25 Apr 2024.
1 earlier event is in the company report.
Frequently asked questions
Mihir Dye Chem is an active private limited company based in Bangalore, Karnataka, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 04 February 1992 (34+ years old) and is registered under CIN U24231KA1992PTC012796.
Mihir Dye Chem has 5 current directors:
- Vasa Pratap Maneklal - Director
- Narendra Maneklal Vasa - Director
- Vasa Paresh Pratap - Director
- Vasa Mahendra Maneklal - Director
- Rajesh Maneklal Vasa - Director
The latest financial statements of Mihir Dye Chem 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 Mihir Dye Chem is 33AABCM8030E1ZY, registered in Tamil Nadu. 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 Mihir Dye Chem is U24231KA1992PTC012796. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mihir Dye Chem has 15 court cases on record: 10 filed by the company and 5 filed against it. Most are in the district courts.
Mihir Dye Chem was incorporated on 04 February 1992, making it 34+ years old. It is registered with the Registrar of Companies, Bangalore.
Rajasekaran Saikishan ceased to be Additional Director on 25 Apr 2024. Narendra Maneklal Vasa was appointed as Director on 03 Dec 1998. Vasa Mahendra Maneklal was appointed as Director on 03 Dec 1998. Mihir Dye Chem has 6 board changes on record in total.
Mihir Dye Chem can be reached through the website indchem.net. Its registered office is in Bangalore, Karnataka, India.
The registered office of Mihir Dye Chem is at No. 211 Mora Chambers 9 Millers Road Bangalore, Karnataka, India – 560052.
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