MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0057150
Mithila Rasayan Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
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
Employees · EPFO
4
Provident fund records
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.
The company has about 4 employees on its provident fund (EPFO) records.
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
CIN U24110MH1991PTC059715
Registration Number 059715
Incorporation Date 08 January 1991
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Westman Overseas Llp
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0057150
Recognitions & Rankings of Mithila Rasayan
Contact details
Mithila Rasayan Private Limited's registered office is in Mumbai, Maharashtra. Its website is westmanchemicals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address830 Business Park 9th Floor City Of Joy Jsd Marg Mulund (West), Mumbai, Maharashtra, India – 400080
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Mithila Rasayan Private Limited, buy the company report.
Comprehensive company report
Mithila Rasayan 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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Business activity
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 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 Mithila Rasayan Private Limited, buy the company report.
Financials of Mithila Rasayan Private Limited
FY 2024 filings availableMithila 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)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.5% | ||||
| Net Profit Margin | 2.2% | ||||
| 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 Mithila Rasayan Private Limited, buy the company report.
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
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gopalji Jha Also directs: Westman Overseas LLP, Westman Chemicals Private Limited | Director | 27 Nov 2007 | 18 Years 11 Months | Current |
| Sudha Gopalji Jha Also directs: Westman Overseas LLP, Westman Chemicals Private Limited | Director | 08 Jan 1991 | 35 Years 10 Months | Current |
| Sayli Sanjay Mithbavkar Also directs: Westman Chemicals Private Limited | Director | 11 Aug 2015 | 11 Years 3 Months | Current |
Peer comparison
Mithila Rasayan Private Limited is compared with the 8 companies closest to it by revenue in the Chemicals industry (Industrial 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 |
|---|---|---|---|---|---|---|
| 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 | |||
| 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 Limitedthis company | ₹31.68 Cr (FY 2024) | ₹69.45 Lakh | 2.2% | -9.0% | 4 | 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 | |||
| 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 |
To see the full peer comparison of Mithila Rasayan Private Limited, buy the company report.
Auditor
Mithila Rasayan Private Limited is audited by THAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| THAR & ASSOCIATES | FY 2023 | 110957W |
Shareholding
The shareholding of Mithila Rasayan 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 Mithila Rasayan Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jun 2005 | 80017637 | Canara Bank | ₹3.5 Cr | Open |
To see the full charge records of Mithila Rasayan Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Mithila Rasayan Private Limited has 3 court cases on record: 1 filed by Mithila Rasayan, 2 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 1 |
| District courts | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Aktinos Pharma Private Limited | Pending |
| Bombay High Court | Court case (LPETN) | Filed against the company by Samsara Shipping Pvt. Ltd. | Pending |
| Bombay High Court | Court case (S) | Filed against the company by Samsara Shipping Pvt. Ltd. | Disposed |
To see the full case history of Mithila Rasayan 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
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)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Bachhil Steel Private Limited | |||
| Deepti Air Systems and Fabricators Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Mithila Rasayan Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mithila Rasayan Private Limited has a workforce of 4 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
Employee growth
-33.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 4 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Mithila Rasayan Private Limited, buy the company report.
GST
Mithila Rasayan has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM2868B1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mithila Rasayan Private Limited, buy the company report.
Recent activity
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 10 months as per MCA records.
Frequently asked questions
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 has 3 current directors:
- Gopalji Jha - Director
- Sudha Gopalji Jha - Director
- Sayli Sanjay Mithbavkar - Director
The latest financial statements of Mithila Rasayan on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
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, Atc Chemicals India Private Limited, World Sealants Private Limited, Jayasree Chem Exim Private Limited and 3 more, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
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).
Mithila Rasayan has 4 MSME Form 1 returns on record between 2019 and 2021, listing 19 overdue payments to 10 micro and small suppliers. The latest return was filed on 30 Oct 2021.
Mithila Rasayan can be reached through the website westmanchemicals.com. Its registered office is in Mumbai, Maharashtra, India.
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