India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,202 Atul Choksey ₹2,000 Cr
Revenue · FY 2025
₹416.39 Cr
▲ 14% YoY
Net loss · FY 2025
₹6.63 Cr
Net margin -1.6%
EBITDA · FY 2025
₹5.26 Cr
EBITDA margin 1.3%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹2.12 Cr
Issued & subscribed
Open charges
₹50 Cr
Satisfied ₹104.34 Cr
Company age
54 yrs
Est. 1972
Employees · EPFO
308
Provident fund records
About Mazda Colours Limited
Data last updated:
Mazda Colours Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 25 March 1972 and has been in existence for over 54 years.
Its director Atul Choksey is #1,202 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24114MH1972PLC015706. Its GSTIN is 27AAACM3864H1ZE (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.12 Cr. It was formerly known as Mazda Dye -Chem Limited and Mazda Dye -Chem Private Limited. It is led by directors including Amit Choksey Champaklal (Managing Director) and Nitai Charan Giri (Whole-Time Director).
Its last annual general meeting (AGM) was held on 14 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at N K Mehta International House178 Backbay Reclamation Babubhai M Cinai Marg, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2025, the company reported a revenue of ₹416.39 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹6.63 Cr (net margin -1.6%) and EBITDA of ₹5.26 Cr (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 2% over five years.
The company has about 308 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mazda Colours. As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹104.34 Cr on record. Court records list 26 cases involving the company, including 20 filed by the company and 7 filed against it; 3 cases are pending. The company has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹1.49 Cr; the latest was in January 2022. Its 5 peer companies in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 3 smaller; the largest is Neelikon Food Dyes and Chemicals Limited with revenue of ₹477.9 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 2 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mazdacolours.com.
Company details
CIN U24114MH1972PLC015706
Registration Number 015706
Incorporation Date 25 March 1972
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 14 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Mazda Colours has undergone 2 name changes throughout its history. The company was previously known as Mazda Dye -Chem Limited, and Mazda Dye -Chem Private Limited. The current legal name is Mazda Colours Limited.
| Company Name | Status |
|---|---|
| Mazda Colours Limited | Current |
| Mazda Dye -Chem Limited | Previous |
| Mazda Dye -Chem Private Limited | Previous |
Key People
Amit Choksey Champaklal Managing Director Nitai Charan Giri Whole-Time Director Neepa Nishith Parikh Director Recognitions & Rankings of Mazda Colours
Contact details
Mazda Colours Limited's registered office is in Mumbai, Maharashtra. Its website is mazdacolours.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressN K Mehta International House178 Backbay Reclamation Babubhai M Cinai Marg, Mumbai, Maharashtra, India – 400020
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Mazda Colours Limited, buy the company report.
Comprehensive company report
Mazda Colours 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
Mazda Colours operates one associated brand: Mazda Colours. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of CPC Crude and Phthalocyanine Pigments for paints, plastics, and other industries. | mazdacolours.com |
Business activity
The main business activity of Mazda Colours 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 Mazda Colours Limited, buy the company report.
Financials of Mazda Colours Limited
FY 2025 filings availableMazda Colours Limited reported revenue of ₹416.39 Cr (up 14% YoY) for FY 2025.
Revenue · FY 2025
₹416.39 Cr ▲ 14%
Net loss · FY 2025
₹6.63 Cr margin -1.6%
EBITDA · FY 2025
₹5.26 Cr margin 1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▼ 8%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 620%
3 years · compounded
▼ 60%
5 years · compounded
▼ 36%
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 14% growth in the latest year. EBITDA rose 620% 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 | |||||
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| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.63 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | -1.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick 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 Mazda Colours Limited, buy the company report.
Board of directors of Mazda Colours Limited
Mazda Colours has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neepa Nishith Parikh Also directs: Hansa Decor Private Limited | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Prashant Girish Choksey Also directs: Kumud Investment and Trading Private Limited, Super Realty LLP, PPMD Realty Limited Liability Partnership and 5 more | Director | 23 Jan 2023 | 3 Years 9 Months | Current |
| Nitai Charan Giri | Whole-Time Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Amit Choksey Champaklal Also directs: Apcotex Industries Limited, Choksey Chemicals Private Limited, Aquamarine Trading and Investments Pvt Ltd and 5 more | Managing Director | 01 Apr 1993 | 33 Years 6 Months | Current |
| Dhiren Purushottamdas Mehta Also directs: Sammelan Investment and Trading Limited, Cons Holding Ltd | Director | 30 Jul 2014 | 12 Years 2 Months | Current |
| Atul Champaklal Choksey Also directs: Apcotex Industries Limited, Choksey Chemicals Private Limited, Shyamal Fin-Vest (India) Limited and 1 more | Director | 30 Nov 1992 | 33 Years 10 Months | Current |
Peer comparison
Mazda Colours Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), 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 |
|---|---|---|---|---|---|---|
| Neelikon Food Dyes and Chemicals Limited | ₹477.9 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Flint Group India Private Limited | ₹450.63 Cr (FY 2025) | 12.0% | Savli, Gujarat, India | |||
| Mazda Colours Limitedthis company | ₹416.39 Cr (FY 2025) | -₹6.63 Cr | -1.6% | 14.0% | 308 | Mumbai, Maharashtra, India |
| Ambuja Intermediates Private Limited | ₹398.33 Cr (FY 2025) | 5.0% | Ahmedabad, Gujarat, India | |||
| Poddar Pigments Limited | ₹375.47 Cr (FY 2025) | 0.0% | Jaipur, Rajasthan, India | |||
| Supreet Chemicals Limited | ₹369.15 Cr (FY 2025) | 52.0% | Pardi, Gujarat, India |
To see the full peer comparison of Mazda Colours Limited, buy the company report.
Auditor
Mazda Colours Limited is audited by KALYANIWALLA & MISTRY LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALYANIWALLA & MISTRY LLP | FY 2023 | 104607W/W100166 |
Shareholding
The shareholding of Mazda Colours 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 Mazda Colours Limited, buy the company report.
Charges & borrowings
Open charges
₹50 Cr
Satisfied charges
₹104.34 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2025 | 101054873 | Others | ₹10 Cr | Open | |
| 03 Nov 2003 | 90187024 | Hdfc Bank Limited | ₹40 Cr | Open | |
| 16 Jul 2021 | 100460973 | Others | ₹5 Lakh | Satisfied | |
| 17 Jun 2016 | 100033859 | Citi Bank N.A. | ₹25 Cr | Satisfied | |
| 11 Jan 2016 | 10614905 | Hdfc Bank Limited | ₹30 Cr | Satisfied |
To see the full charge records of Mazda Colours Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Mazda Colours Limited has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹1.49 Cr; the latest was in January 2022.
Total deals
10
Secondary share transfers
9
Funding round
1
Disclosed funding
₹1.49 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Amit Champaklal Choksey HUF |
| Dec 2021 | Secondary share transfer | Undisclosed | Seller: Abhiraj Trading and Investments Private Limited , 3 individuals |
| Oct 2020 | Secondary share transfer | Undisclosed | Seller: Abhiraj Trading and Investments Private Limited , 3 individuals |
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Trivikram Investments and Trading Company Limited |
| May 2013 | Secondary share transfer | Undisclosed | Seller: Abhiraj Trading and Investments Private Limited , 3 individuals |
To see the full deal history of Mazda Colours Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mazda Colours Limited has 26 court cases on record: 20 filed by Mazda Colours, 7 filed against it. 3 cases are pending and 23 are disposed.
Total cases
26
Filed by the company
20
Filed against the company
7
Pending
3
Disposed
23
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 5 | 2 |
| District courts | 11 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Maharashtra State Electricity Distribution Company Ltd, Through Its Chairman and Managing Director and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases SW) | Filed by the company against Ms. Maya Rasayan Ltd and Anr and 1 other | Pending |
| Bombay High Court | Court case (LPETN) | Filed by the company against S B S Colores and Chemiques Pvt. Ltd. | Pending |
| Bombay High Court | Court case (APL) | Filed against the company by M/S. Maya Rasayan Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Lakhani Footcare Pvt Ltd | Disposed |
To see the full case history of Mazda Colours 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.
Credit ratings & regulatory alerts
Mazda Colours Limited was last rated by Icra on 29 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Jun 2021 |
To see the full credit ratings and regulatory alerts of Mazda Colours Limited, buy the company report.
MSME payment delays
Mazda Colours Limited has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Furnova Polymers Ltd |
To see the full MSME payment records of Mazda Colours Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mazda Colours Limited has a workforce of 308 employees on its EPFO records as of Jul 16, 2024, across 2 active EPFO establishments.
Employee count
308
Active EPFO establishments
2
Employee growth
-10.2%
GST
Mazda Colours has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM3864H1ZE | Maharashtra | Active | 01 Jul 2017 |
| 27AAACM3864H2ZD | Maharashtra | Active | 08 Aug 2017 |
| 24AAACM3864H1ZK | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mazda Colours Limited, buy the company report.
Recent activity
Mazda Colours Limited has 17 board changes on record since 1992: 6 appointments and 11 cessations. The latest: Neepa Nishith Parikh ceased to be Additional Director on 19 Sep 2024.
AGM
Mazda Colours Limited last Annual general meeting of members was held on 14 Aug 2025 as per latest MCA records.
Filing
Mazda Colours Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 17 Jun 2016 via Charge ID 100033859 with Citi Bank N.A. was fully satisfied on 17 Mar 2025.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101054873 was registered on 12 Feb 2025.
Ceased
Neepa Nishith Parikh ceased to be Additional Director.
Charges
A charge registered on 16 Jul 2021 via Charge ID 100460973 with Others was fully satisfied on 16 Sep 2024.
Appointed
Neepa Nishith Parikh was appointed as Director.
Ceased
Prashant Girish Choksey ceased to be Additional Director.
Appointed
Prashant Girish Choksey was appointed as Director.
Ceased
Jagdish Shahani Nanikram ceased to be Director.
Ceased
Ameet Pankajbhai Khandwala ceased to be Additional Director.
Ceased
Dhiren Purushottamdas Mehta ceased to be Additional Director.
47 earlier events are in the company report.
Frequently asked questions
Mazda Colours is an active public limited company based in Mumbai, Maharashtra, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 25 March 1972 (54+ years old) and is registered under CIN U24114MH1972PLC015706.
Mazda Colours has 6 current directors:
- Amit Choksey Champaklal - Managing Director
- Nitai Charan Giri - Whole-Time Director
- Neepa Nishith Parikh - Director
- Prashant Girish Choksey - Director
- Dhiren Purushottamdas Mehta - Director
- Atul Champaklal Choksey - Director
The latest financial statements of Mazda Colours on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 14 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mazda Colours is 27AAACM3864H1ZE, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACM3864H2ZD (Maharashtra), 24AAACM3864H1ZK (Gujarat).
The CIN (Corporate Identification Number) of Mazda Colours is U24114MH1972PLC015706. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mazda Colours has 26 court cases on record: 20 filed by the company and 7 filed against it. 3 are pending. Most are in the high courts.
Mazda Colours was incorporated on 25 March 1972, making it 54+ years old. It is registered with the Registrar of Companies, Mumbai.
Mazda Colours has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹1.49 Cr; the latest was in January 2022.
The peers of Mazda Colours by revenue are Neelikon Food Dyes and Chemicals Limited, Flint Group India Private Limited, Ambuja Intermediates Private Limited, Poddar Pigments Limited, Supreet Chemicals Limited, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Neepa Nishith Parikh ceased to be Additional Director on 19 Sep 2024. Neepa Nishith Parikh was appointed as Director on 01 Apr 2024. Prashant Girish Choksey ceased to be Additional Director on 24 Sep 2023. Mazda Colours has 17 board changes on record in total.
Mazda Colours has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 14 Feb 2024.
Mazda Colours can be reached through the website mazdacolours.com. Its registered office is in Mumbai, Maharashtra, India.