Mithila Rasayan Private Limited

Mithila Rasayan Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U24110MH1991PTC059715 Incorporated 08 January 1991 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company chemicals and materials MSME · Small
Data last updated
Revenue · FY 2024
₹31.68 Cr
▼ 9% YoY
Net profit · FY 2024
₹69.45 Lakh
Net margin 2.2%
EBITDA · FY 2024
₹1.12 Cr
EBITDA margin 3.5%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹19.23 Lakh
Issued & subscribed
Open charges
₹3.5 Cr
Secured borrowings
Company age
35 yrs
Est. 1991
Directors on board
3
As per MCA filings

About Mithila Rasayan Private Limited

Data last updated:

Mithila Rasayan Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Westman Overseas Llp. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 08 January 1991 and has been in existence for over 35 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1991PTC059715. Its GSTIN is 27AAACM2868B1ZO (Maharashtra).

The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹19.23 Lakh. It is led by directors including Gopalji Jha and Sudha Gopalji Jha.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 830 Business Park 9th Floor City Of Joy Jsd Marg Mulund (West), Mumbai, Maharashtra, India – 400080.

As per the financials filed for FY 2024, the company reported a revenue of ₹31.68 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹69.45 Lakh (net margin 2.2%) and EBITDA of ₹1.12 Cr (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 6% over five years.

As per MCA filings, the company has open charges of ₹3.5 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending.

Mithila Rasayan Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0057150). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website westmanchemicals.com.

Company Details of Mithila Rasayan Private Limited
CIN U24110MH1991PTC059715
Registration Number 059715
Incorporation Date 08 January 1991
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Westman Overseas Llp
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0057150
Key People
Gopalji Jha Director Sudha Gopalji Jha Director Sayli Sanjay Mithbavkar Director

Recognitions & Rankings of Mithila Rasayan

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-18-0057150
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    westmanchemicals.com
  • Social Media
    Locked
  • Registered Address
    830 Business Park 9th Floor City Of Joy Jsd Marg Mulund (West), Mumbai, Maharashtra, India – 400080
  • Industry
    Chemicals and Materials, Industrial Chemicals
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Financials, compliance, directors, charges, ownership and filings for Mithila Rasayan Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Mithila Rasayan Private Limited

The main business activity of Mithila Rasayan is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical productsLocked
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Turnover share and past changes in activity are in the company report.

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Financials of Mithila Rasayan Private Limited FY 2024 filings available

Mithila Rasayan Private Limited reported revenue of ₹31.68 Cr (down 9% YoY) for FY 2024.

Revenue · FY 2024
₹31.68 Cr ▼ 9%
Net profit · FY 2024
₹69.45 Lakh margin 2.2%
EBITDA · FY 2024
₹1.12 Cr margin 3.5%

Compounded Annual Growth Rate (CAGR) of Mithila Rasayan Private Limited

Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 17%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 30%
5 years · compounded
▲ 8%

Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 2% 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 of Mithila Rasayan Private Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹1.12 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹69.45 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 of Mithila Rasayan Private Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin3.5%••••••••••••••••
Net Profit Margin2.2%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mithila Rasayan are in the company report.

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Financial statements from 2015

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Board of Directors of Mithila Rasayan Private Limited

Mithila Rasayan has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Gopalji Jha
Also directs: Westman Overseas LLP, Westman Chemicals Private Limited
Director27 Nov 200718 Years 10 MonthsCurrent
Sudha Gopalji Jha
Also directs: Westman Overseas LLP, Westman Chemicals Private Limited
Director08 Jan 199135 Years 9 MonthsCurrent
Sayli Sanjay Mithbavkar
Also directs: Westman Chemicals Private Limited
Director11 Aug 201511 Years 2 MonthsCurrent
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Peer Comparison of Mithila Rasayan Private Limited

Mithila Rasayan Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Industrial Chemicals). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Zen Chemicals Private Limited₹31.91 Cr (FY 2025)••••••••-5.0%••••Mumbai, Maharashtra, India
Hridol Chemicals Private Limited₹31.9 Cr (FY 2025)••••••••29.0%••••Ahmedabad, Gujarat, India
VM Live Private Limited₹31.87 Cr (FY 2025)••••••••94.0%••••Jangpura, New Delhi, Delhi, India
Atc Chemicals India Private Limited₹31.73 Cr (FY 2025)••••••••13.0%••••Puducherry, India
World Sealants Private Limited₹31.71 Cr (FY 2024)••••••••84.0%••••Delhi, India
Mithila Rasayan Private Limited this company₹31.68 Cr (FY 2024)••••••••-9.0%••••Mumbai, Maharashtra, India
Jayasree Chem Exim Private Limited₹31.68 Cr (FY 2025)••••••••12.0%••••Chennai, Tamil Nadu, India
Annex Pharmaceutical & Chemicals Private Limited₹31.63 Cr (FY 2022)••••••••-21.0%••••Mumbai, Maharashtra, India
Sangdeep Pharmachem Private Limited₹31.61 Cr (FY 2025)••••••••138.0%••••Vadodara, Gujarat, India
Indotan Chemicals Ltd₹31.57 Cr (FY 2024)••••••••-15.0%••••Kolkata, West Bengal, India
Aaishvariya Chemicals Private Limited₹31.55 Cr (FY 2025)••••••••7.0%••••Ahmedabad, Gujarat, India

Peers are the five companies nearest above and the five nearest below Mithila Rasayan by revenue in the Chemicals industry (Industrial Chemicals), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Mithila Rasayan Private Limited

Mithila Rasayan Private Limited is audited by THAR & ASSOCIATES for the financial year 2023.

NameStatusAppointment DateCessation Date
THAR & ASSOCIATESLockedLockedLocked
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Ownership and Shareholding of Mithila Rasayan Private Limited

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Charges & Borrowings of Mithila Rasayan Private Limited

Open charges
₹3.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Canara Bank₹3.50 Cr
Latest charge details
DateLenderAmountStatus
02 Jun 2005Canara Bank₹3.5 CrOpen

Total charge records: 1 View all charges

MSME Payment Delays by Mithila Rasayan Private Limited

Mithila Rasayan Private Limited has 4 MSME Form 1 returns on record between 2019 and 2021, listing 19 overdue payments to 10 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 10)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
an individual supplier••••••••••••
Bachhil Steel Private Limited••••••••••••
Deepti Air Systems and Fabricators Private Limited••••••••••••
an individual supplier••••••••••••
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Employees and EPFO Compliance at Mithila Rasayan Private Limited

Employment history and EPFO contributions of people linked to Mithila Rasayan.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Mithila Rasayan Private Limited

Mithila Rasayan Private Limited has 5 board changes on record since 1991: 4 appointments and 1 cessation. The latest: Sayli Sanjay Mithbavkar was appointed as Director on 11 Aug 2015.

AGM
Mithila Rasayan Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Mithila Rasayan Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Canara Bank of Rs. 350.00 Lakh registered on 02 Jun 2005 with Charge ID 80017637 was modified on 20 Jun 2019.
Appointed
Sayli Sanjay Mithbavkar was appointed as Director.
Ceased
Prashant Kanhaiya Jha ceased to be Director.
Appointed
Gopalji Jha was appointed as Director.
Charges
A charge with Canara Bank amounted to Rs. 350.00 Lakh with Charge ID 80017637 was registered on 02 Jun 2005.
Appointed
Prashant Kanhaiya Jha was appointed as Director.
Appointed
Sudha Gopalji Jha was appointed as Director.
Incorporation
08 Jan 1991
Mithila Rasayan Private Limited was registered on 08 Jan 1991 with Roc Mumbai & aged 35 years 9 months as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts for Mithila Rasayan Private Limited

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Subsidiaries & Group Companies of Mithila Rasayan Private Limited

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GST Compliance of Mithila Rasayan Private Limited

Mithila Rasayan has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACM2868B1ZOMaharashtraActive01 Jul 2017
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MCA Filings & Documents of Mithila Rasayan Private Limited

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Frequently Asked Questions about Mithila Rasayan Private Limited

Mithila Rasayan 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 08 January 1991 (35+ years old) and is registered under CIN U24110MH1991PTC059715.

Mithila Rasayan reported revenue of ₹31.68 Cr for FY 2024 (down 9% YoY).

Mithila Rasayan has 3 current directors:

Mithila Rasayan reported a net profit of ₹69.45 Lakh (net margin 2.2%) and EBITDA of ₹1.12 Cr (EBITDA margin 3.5%) for FY 2024, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Mithila Rasayan is 17% over three years and 6% over five years. In the latest year (FY 2024) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Mithila Rasayan is 27AAACM2868B1ZO, registered in Maharashtra.

The CIN (Corporate Identification Number) of Mithila Rasayan is U24110MH1991PTC059715. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Mithila Rasayan has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.

Mithila Rasayan was incorporated on 08 January 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Mithila Rasayan by revenue are Zen Chemicals Private Limited, Hridol Chemicals Private Limited, VM Live Private Limited, Atc Chemicals India Private Limited, World Sealants Private Limited and 5 more, all in the Chemicals industry (Industrial Chemicals).

Sayli Sanjay Mithbavkar was appointed as Director on 11 Aug 2015. Prashant Kanhaiya Jha ceased to be Director on 01 Oct 2008. Gopalji Jha was appointed as Director on 27 Nov 2007. Mithila Rasayan has 5 board changes on record in total.

Yes, Mithila Rasayan is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0057150).

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