MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0018799
M.N.Chemicals Limited - pharma in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹16.13 Cr
▲ 23% YoY
Net profit · FY 2025
₹33.97 Lakh
Net margin 2.1%
EBITDA · FY 2025
₹1.05 Cr
EBITDA margin 6.5%
Authorised capital
₹6.9 Cr
Registered with MCA
Paid-up capital
₹6.83 Cr
Issued & subscribed
Open charges
₹7.93 Cr
Secured borrowings
Company age
32 yrs
Est. 1994
Employees · EPFO
34
Provident fund records
About M.N.Chemicals Limited
Data last updated:
M.N.Chemicals Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 06 May 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1994PLC015599. Its GSTIN is 29AABCM3227H1ZK (Karnataka).
The company has an authorised share capital of ₹6.9 Cr and a paid-up capital of ₹6.83 Cr. It is led by directors including Rakhesh Raveendra Patil and Naveen Prabhudev Patil.
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 P .S.O. Block Bangalorepalace Bangalore Palace, Karnataka, India – 560052.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.13 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹33.97 Lakh (net margin 2.1%) and EBITDA of ₹1.05 Cr (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 13% over five years.
The company has about 34 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.93 Cr on record. Court records list 13 cases involving the company, including 6 filed by the company and 7 filed against it; 3 cases are pending.
M.N.Chemicals Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0018799). 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 mnchemicals.co.in.
Company details
CIN U85110KA1994PLC015599
Registration Number 015599
Incorporation Date 06 May 1994
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Non-Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0018799
CIN history
M.N.Chemicals has one previous CIN (Corporate Identification Number): U24298KA1994PLC015599. The current CIN is U85110KA1994PLC015599, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1994PLC015599 | Current |
| U24298KA1994PLC015599 | Previous |
Key People
Rakhesh Raveendra Patil Director Naveen Prabhudev Patil Director Nithin Naveen Patil Director Recognitions & Rankings of M.N.Chemicals
Contact details
M.N.Chemicals Limited's registered office is in Bangalore, Karnataka. Its website is mnchemicals.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressP .S.O. Block Bangalorepalace Bangalore Palace, Karnataka, India – 560052
- IndustryPharma, API Manufacturers
To see the full contact details of M.N.Chemicals Limited, buy the company report.
Comprehensive company report
M.N.Chemicals 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of M.N.Chemicals 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 M.N.Chemicals Limited, buy the company report.
Financials of M.N.Chemicals Limited
FY 2025 filings availableM.N.Chemicals Limited reported revenue of ₹16.13 Cr (up 23% YoY) for FY 2025.
Revenue · FY 2025
₹16.13 Cr ▲ 23%
Net profit · FY 2025
₹33.97 Lakh margin 2.1%
EBITDA · FY 2025
₹1.05 Cr margin 6.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 23%
3 years · compounded
▲ 23%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 8%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 23% growth in the latest year. EBITDA rose 4% 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 | ₹1.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹33.97 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 | 6.5% | ||||
| Net Profit Margin | 2.1% | ||||
| 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 M.N.Chemicals Limited, buy the company report.
Board of directors of M.N.Chemicals Limited
M.N.Chemicals 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 |
|---|---|---|---|---|
| Rakhesh Raveendra Patil Also directs: Archana Traders Private Limited, Gemini Commercial Credits Limited | Director | 20 Aug 2018 | 8 Years 2 Months | Current |
| Naveen Prabhudev Patil Also directs: Logeesecure LLP, News Source Media Private Limited, Greenfuel Supplies Private Limited and 5 more | Director | 21 Mar 1996 | 30 Years 7 Months | Current |
| Nithin Naveen Patil Also directs: Logeesecure LLP, Mylog Technologies Private Limited, Gemini Professional Services Private Limited and 1 more | Director | 20 Aug 2018 | 8 Years 2 Months | Current |
| Kumar Chennabasavanagowda Patil Also directs: Worldtop Infrastructure Limited, Gemini Shares and Stocks Private Limited, Gemini Commercial Credits Limited and 4 more | Additional Director | 25 Aug 2015 | 11 Years 2 Months | Current |
Peer comparison
M.N.Chemicals Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (API Manufacturers, 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 |
|---|---|---|---|---|---|---|
| Tulip Chemicals Private Limited | ₹16.57 Cr (FY 2025) | -33.0% | Bhavnagar, Gujarat, India | |||
| Preeti Petrochem Private Limited | ₹16.56 Cr (FY 2025) | 38.0% | Panvel, Maharashtra, India | |||
| Rchem Organics (Bangalore) Private Limited | ₹16.49 Cr (FY 2025) | 47.0% | Bangalore, Karnataka, India | |||
| Solana Life Sciences Private Limited | ₹16.49 Cr (FY 2024) | 18.0% | Dhar, Madhya Pradesh, India | |||
| M.N.Chemicals Limitedthis company | ₹16.13 Cr (FY 2025) | ₹33.97 Lakh | 2.1% | 23.0% | 34 | Bangalore, Karnataka, India |
| Palam Pharma Private Limited | ₹16.11 Cr (FY 2025) | 9.0% | Ahmedabad, Gujarat, India | |||
| Kwantum Chemicals and Polymers Private Limited | ₹16.01 Cr (FY 2024) | 5.0% | Pune, Maharashtra, India |
To see the full peer comparison of M.N.Chemicals Limited, buy the company report.
Shareholding
The shareholding of M.N.Chemicals 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 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of M.N.Chemicals Limited, buy the company report.
Charges & borrowings
Open charges
₹7.93 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Aug 2025 | 101144443 | State Bank of India | ₹3.5 Cr | Open | |
| 27 Sep 2024 | 100985276 | State Bank of India | ₹27.5 Lakh | Open | |
| 26 Jun 2023 | 100736474 | State Bank of India | ₹18 Lakh | Open | |
| 07 Jan 2021 | 100423121 | Hdfc Bank Limited | ₹7.15 Lakh | Open | |
| 03 Oct 2019 | 100294113 | State Bank of India | ₹3 Cr | Open |
To see the full charge records of M.N.Chemicals Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
M.N.Chemicals Limited has 13 court cases on record: 6 filed by M.N.Chemicals, 7 filed against it. 3 cases are pending and 10 are disposed.
Total cases
13
Filed by the company
6
Filed against the company
7
Pending
3
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 5 | 2 |
| High courts | 4 | 2 | 1 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, UTTARA KANNADA, Karnataka | Criminal complaint | Filed by the company against Ms R.K. Laboratories (P) Ltd., Village and Post Manpura, Tehsil Nalagarh, Dist Solan, | Disposed |
| High Court, KARNATAKA | Court case (CRL.P) | Filed against the company by individuals | Pending |
| District court, UTTARA KANNADA, Karnataka | Court case (Com.O.S.) | Filed against the company by an individual | Pending |
| District court, UTTARA KANNADA, Karnataka | Commercial matter | Filed by the company against individuals | Pending |
| District court, BALLARI, Karnataka | Court case (Com.O.S.) | Filed against the company by an individual | Disposed |
To see the full case history of M.N.Chemicals 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 M.N.Chemicals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
M.N.Chemicals Limited has a workforce of 34 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
34
Active EPFO establishments
1
GST
M.N.Chemicals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM3227H1ZK | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of M.N.Chemicals Limited, buy the company report.
Recent activity
M.N.Chemicals Limited has 10 board changes on record since 1996: 4 appointments and 6 cessations. The latest: Abhijith Paramashivappa Merve ceased to be Additional Director on 14 Oct 2024.
AGM
M.N.Chemicals Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with State Bank Of India amounted to Rs. 3.50 Cr with Charge ID 101144443 was registered on 16 Aug 2025.
Filing
M.N.Chemicals Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with State Bank Of India of Rs. 3.00 Cr registered on 03 Oct 2019 with Charge ID 100294113 was modified on 07 Feb 2025.
Ceased
Abhijith Paramashivappa Merve ceased to be Additional Director.
Charges
A charge with State Bank Of India amounted to Rs. 0.28 Cr with Charge ID 100985276 was registered on 27 Sep 2024.
Charges
A charge with State Bank Of India amounted to Rs. 0.18 Cr with Charge ID 100736474 was registered on 26 Jun 2023.
Charges
A charge with State Bank Of India of Rs. 0.90 Cr registered on 04 Dec 2012 with Charge ID 10504575 was modified on 22 Nov 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.07 Cr with Charge ID 100423121 was registered on 07 Jan 2021.
Ceased
Shreedhar Ganganagoud Patil ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 3.00 Cr with Charge ID 100294113 was registered on 03 Oct 2019.
Appointed
Nithin Naveen Patil was appointed as Director.
9 earlier events are in the company report.
Frequently asked questions
M.N.Chemicals is an active public limited company based in Bangalore, Karnataka, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 06 May 1994 (32+ years old) and is registered under CIN U85110KA1994PLC015599.
M.N.Chemicals has 4 current directors:
- Rakhesh Raveendra Patil - Director
- Naveen Prabhudev Patil - Director
- Nithin Naveen Patil - Director
- Kumar Chennabasavanagowda Patil - Additional Director
The latest financial statements of M.N.Chemicals 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 M.N.Chemicals is 29AABCM3227H1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of M.N.Chemicals is U85110KA1994PLC015599. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M.N.Chemicals has 13 court cases on record: 6 filed by the company and 7 filed against it. 3 are pending. Most are in the district courts.
M.N.Chemicals was incorporated on 06 May 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of M.N.Chemicals by revenue are Tulip Chemicals Private Limited, Preeti Petrochem Private Limited, Rchem Organics (Bangalore) Private Limited, Solana Life Sciences Private Limited, Palam Pharma Private Limited and 1 more, all in the Chemicals industry (API Manufacturers, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Abhijith Paramashivappa Merve ceased to be Additional Director on 14 Oct 2024. Shreedhar Ganganagoud Patil ceased to be Director on 01 Jun 2020. Nithin Naveen Patil was appointed as Director on 20 Aug 2018. M.N.Chemicals has 10 board changes on record in total.
Yes, M.N.Chemicals is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0018799).
M.N.Chemicals can be reached through the website mnchemicals.co.in. Its registered office is in Bangalore, Karnataka, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages