MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-24-0009416
Milestone Preservatives Private Limited - chemicals and materials in Gavasad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹179.18 Cr
▼ 3% YoY
Net profit · FY 2025
₹89.78 Lakh
Net margin 0.5%
EBITDA · FY 2025
₹18.52 Cr
EBITDA margin 10.3%
Authorised capital
₹1.2 Cr
Registered with MCA
Paid-up capital
₹1.11 Cr
Issued & subscribed
Open charges
₹103.6 Cr
Satisfied ₹22.65 Cr
Company age
25 yrs
Est. 2001
Directors on board
6
As per MCA filings
About Milestone Preservatives Private Limited
Data last updated:
Milestone Preservatives Private Limited is a private limited company based in Gavasad, Gujarat, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 11 October 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24117GJ2001PTC040096. Its GSTIN is 24AADCM0199A1ZX (Gujarat).
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1.11 Cr. It is led by directors including Gaurav Yogeshbhai Mehta and Nishit Chhaganlal 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 Block No.123/P Vill. Gavasad Ta: Padra Dist: Vadodara, Gujarat, India – 391430.
As per the financials filed for FY 2025, the company reported a revenue of ₹179.18 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹89.78 Lakh (net margin 0.5%) and EBITDA of ₹18.52 Cr (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 12% over five years.
The company is associated with 1 brand: Milestone Preservatives. As per MCA filings, the company has open charges of ₹103.6 Cr and satisfied charges of ₹22.65 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 5 deals on record (2 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹75 Lakh; the latest was in January 2024. Its 9 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 5 smaller; the largest is Cosmo Speciality Chemicals Private Limited with revenue of ₹188.95 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2023, listing 140 overdue payments to 16 micro and small suppliers.
Milestone Preservatives Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0009416). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milestonetbhq.com.
Company details
CIN U24117GJ2001PTC040096
Registration Number 040096
Incorporation Date 11 October 2001
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 Medium
Udyam Registration UDYAM-GJ-24-0009416
Key People
Gaurav Yogeshbhai Mehta Director Nishit Chhaganlal Shah Director Bharat Bavanjibhai Vaghasiya Director Recognitions & Rankings of Milestone Preservatives
Contact details
Milestone Preservatives Private Limited's registered office is in Gavasad, Gujarat. Its website is milestonetbhq.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBlock No.123/P Vill. Gavasad Ta: Padra Dist: Vadodara, Gujarat, India – 391430
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Milestone Preservatives Private Limited, buy the company report.
Comprehensive company report
Milestone Preservatives 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
Milestone Preservatives operates one associated brand: Milestone Preservatives. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of antioxidants and speciality chemicals for food preservation and industrial applications in India. | milestonetbhq.org |
Business activity
The main business activity of Milestone Preservatives 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 Milestone Preservatives Private Limited, buy the company report.
Financials of Milestone Preservatives Private Limited
FY 2025 filings availableMilestone Preservatives Private Limited reported revenue of ₹179.18 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹179.18 Cr ▼ 3%
Net profit · FY 2025
₹89.78 Lakh margin 0.5%
EBITDA · FY 2025
₹18.52 Cr margin 10.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▼ 3%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 82%
3 years · compounded
▼ 17%
5 years · compounded
▲ 55%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA rose 82% 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 | ₹18.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹89.78 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 | 10.3% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Milestone Preservatives Private Limited, buy the company report.
Board of directors of Milestone Preservatives Private Limited
Milestone Preservatives has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Yogeshbhai Mehta | Director | 15 Mar 2007 | 19 Years 7 Months | Current |
| Nishit Chhaganlal Shah | Director | 15 Mar 2007 | 19 Years 7 Months | Current |
| Bharat Bavanjibhai Vaghasiya Also directs: Nova Interchem Private Limited | Director | 01 Jan 2022 | 4 Years 9 Months | Current |
| Rajiv Ashokbhai Shah | Director | 11 Oct 2001 | 25 Years 0 Months | Current |
| Arti Rajiv Shah | Director | 11 Oct 2001 | 25 Years 0 Months | Current |
| Siddharth Rajiv Shah | Director | 01 Apr 2022 | 4 Years 6 Months | Current |
Peer comparison
Milestone Preservatives Private Limited is compared with the 9 companies closest to it by revenue in the Chemicals industry (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 |
|---|---|---|---|---|---|---|
| Cosmo Speciality Chemicals Private Limited | ₹188.95 Cr (FY 2025) | 32.0% | New Delhi, Delhi, India | |||
| Speciality Industrial Polymers and Coatings Private Limited | ₹187.41 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| Multi Organics Private Limited | ₹185.7 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Anmol Polymers Private Limited | ₹180.03 Cr (FY 2025) | -3.0% | Delhi, India | |||
| Milestone Preservatives Private Limitedthis company | ₹179.18 Cr (FY 2025) | ₹89.78 Lakh | 0.5% | -3.0% | Gavasad, Gujarat, India | |
| P D Navkar Bio Chem Private Limited | ₹177.65 Cr (FY 2025) | -3.0% | Bangalore, Karnataka, India | |||
| Anshul Specialty Molecules Private Limited | ₹177.17 Cr (FY 2024) | 18.0% | Mumbai, Maharashtra, India | |||
| Clearsynth Labs Limited | ₹175.17 Cr (FY 2024) | 86.0% | Mumbai, Maharashtra, India | |||
| Soudal India Private Limited | ₹172.26 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India | |||
| CHT (India) Private Limited | ₹171.68 Cr (FY 2025) | 15.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Milestone Preservatives Private Limited, buy the company report.
Auditor
Milestone Preservatives Private Limited is audited by SHAH SANGHVI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH SANGHVI & CO | FY 2023 | 109794W |
Shareholding
The shareholding of Milestone Preservatives 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Milestone Preservatives Private Limited, buy the company report.
Charges & borrowings
Open charges
₹103.6 Cr
Satisfied charges
₹22.65 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Feb 2025 | 101055793 | Standard Chartered Bank | ₹1.45 Cr | Open | |
| 29 Dec 2022 | 100666363 | Others | ₹51 Cr | Open | |
| 23 Nov 2022 | 100648004 | Others | ₹11 Cr | Open | |
| 13 Oct 2011 | 10312274 | Citibank N. A. | ₹14 Cr | Open | |
| 21 May 2011 | 10288945 | Citibank N. A. | ₹1.5 Cr | Open |
To see the full charge records of Milestone Preservatives Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Milestone Preservatives Private Limited has 5 deals on record (2 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹75 Lakh; the latest was in January 2024.
Total deals
5
Secondary share transfers
2
Funding rounds
2
Rights issue
1
Disclosed funding
₹75 Lakh
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2022 | Rights issue | ₹6 Cr | Investors: 4 individuals |
| Mar 2011 | Funding round | ₹50 Lakh | Investors: 4 individuals |
| Mar 2007 | Funding round | ₹25 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Milestone Preservatives Private Limited has 2 court cases on record: 2 filed by Milestone Preservatives. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (SMST S) | Filed by the company against Ratnagiri Chemicals Pvt. Ltd. and Ors. | Disposed |
| District court, Vadodara, Gujarat | Court case (SMST S) | Filed by the company against Ratnagiri Chemicals Pvt. Ltd. and Ors. | Disposed |
To see the full case history of Milestone Preservatives 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
Milestone Preservatives Private Limited has 9 MSME Form 1 returns on record between 2019 and 2023, listing 140 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Manali Containers | |||
| Chhotalal Keshavjee Shah & Sons | |||
| Aarnee International Private Limited | |||
| Ekata Shipping Agency | |||
| Umiya Chemical Ind. |
To see the full MSME payment records of Milestone Preservatives Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Milestone Preservatives has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCM0199A1ZX | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Milestone Preservatives Private Limited, buy the company report.
Recent activity
Milestone Preservatives Private Limited has 8 board changes on record since 2001: 6 appointments and 2 cessations. The latest: Bharat Bavanjibhai Vaghasiya ceased to be Additional Director on 30 Sep 2022.
AGM
Milestone Preservatives Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Milestone Preservatives Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Standard Chartered Bank amounted to Rs. 1.45 Cr with Charge ID 101055793 was registered on 20 Feb 2025.
Charges
A charge with Citi Bank N.A. of Rs. 24.65 Cr registered on 21 May 2011 with Charge ID 10289418 was modified on 24 Aug 2023.
Charges
A charge with Others of Rs. 51.00 Cr registered on 29 Dec 2022 with Charge ID 100666363 was modified on 30 Jan 2023.
Charges
A charge with Others amounted to Rs. 51.00 Cr with Charge ID 100666363 was registered on 29 Dec 2022.
Charges
A charge with Others amounted to Rs. 11.00 Cr with Charge ID 100648004 was registered on 23 Nov 2022.
Ceased
Bharat Bavanjibhai Vaghasiya ceased to be Additional Director.
Ceased
Siddharth Rajiv Shah ceased to be Additional Director.
Appointed
Siddharth Rajiv Shah was appointed as Director.
Appointed
Bharat Bavanjibhai Vaghasiya was appointed as Director.
Charges
A charge with Citibank N. A. of Rs. 14.00 Cr registered on 13 Oct 2011 with Charge ID 10312274 was modified on 04 Jun 2012.
17 earlier events are in the company report.
Frequently asked questions
Milestone Preservatives is an active private limited company based in Gavasad, Gujarat, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 11 October 2001 (25+ years old) and is registered under CIN U24117GJ2001PTC040096.
Milestone Preservatives has 6 current directors:
- Gaurav Yogeshbhai Mehta - Director
- Nishit Chhaganlal Shah - Director
- Bharat Bavanjibhai Vaghasiya - Director
- Rajiv Ashokbhai Shah - Director
- Arti Rajiv Shah - Director
- Siddharth Rajiv Shah - Director
The latest financial statements of Milestone Preservatives 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 Milestone Preservatives is 24AADCM0199A1ZX, registered in Gujarat.
The CIN (Corporate Identification Number) of Milestone Preservatives is U24117GJ2001PTC040096. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milestone Preservatives has 2 court cases on record: 2 filed by the company.
Milestone Preservatives was incorporated on 11 October 2001, making it 25+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Milestone Preservatives has 5 deals on record (2 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹75 Lakh; the latest was in January 2024.
The peers of Milestone Preservatives by revenue are Cosmo Speciality Chemicals Private Limited, Speciality Industrial Polymers and Coatings Private Limited, Multi Organics Private Limited, Anmol Polymers Private Limited, P D Navkar Bio Chem Private Limited and 4 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Bharat Bavanjibhai Vaghasiya ceased to be Additional Director on 30 Sep 2022. Siddharth Rajiv Shah ceased to be Additional Director on 30 Sep 2022. Siddharth Rajiv Shah was appointed as Director on 01 Apr 2022. Milestone Preservatives has 8 board changes on record in total.
Yes, Milestone Preservatives is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-24-0009416).
Milestone Preservatives has 9 MSME Form 1 returns on record between 2019 and 2023, listing 140 overdue payments to 16 micro and small suppliers. The latest return was filed on 11 Jan 2024.