About Megi Agro Chem Limited
Data last updated:
Megi Agro Chem Limited is a public limited company based in Thane, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 03 February 1999.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24210MH1999PLC118134. Its GSTIN is 27AAFCM9877P1ZB (Maharashtra).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹12.73 Cr. It is led by directors including Ramesh Shravan Jadhav (Managing Director) and Kalpana Ramesh Jadhav.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 504 Neelambari Thane Belapur Road Vitawa, Maharashtra, India – 400605.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.73 Lakh. For the same year it recorded a net loss of ₹66,806 (net margin -38.6%) and EBITDA of -₹48,346 (EBITDA margin -27.9%).
The company is associated with 2 brands: Megiagrochem and MEGI Agro Chem. As per MCA filings, the company has open charges of ₹82.94 Cr on record. Court records list 26 cases involving the company, including 26 filed against it.
The last known website on record is megiagrochem.com.
Company details
CIN history
Megi Agro Chem has one previous CIN (Corporate Identification Number): U99999MH1999PTC118134. The current CIN is U24210MH1999PLC118134, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24210MH1999PLC118134 | Current |
| U99999MH1999PTC118134 | Previous |
Contact details
Megi Agro Chem Limited's registered office is in Thane, Maharashtra. Its website is megiagrochem.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address504 Neelambari Thane Belapur Road Vitawa, Maharashtra, India – 400605
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Megi Agro Chem Limited, buy the company report.
- 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
Brands
Megi Agro Chem operates two associated brands: Megiagrochem and MEGI Agro Chem. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality grain-based ethanol using patented continuous fermentation technology. | megiagrochem.com | |
| Agro chemicals and ethanol production in Thane, India. | megi.in |
Financials of Megi Agro Chem Limited
FY 2019 filings availableMegi Agro Chem Limited reported revenue of ₹1.73 Lakh for FY 2019.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.73 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹48,346 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹66,806 | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -27.9% | ||||
| Net Profit Margin | -38.6% | ||||
| 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 Megi Agro Chem Limited, buy the company report.
Board of directors of Megi Agro Chem Limited
Megi Agro Chem has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kalpana Ramesh Jadhav | Director | 03 Feb 1999 | 27 Years 9 Months | As last reported |
| Chhaburao Sukhdeo Avad | Director | 03 Feb 1999 | 27 Years 9 Months | As last reported |
| Ramesh Shravan Jadhav Also directs: Indirefine Bioenergy Private Limited | Managing Director | 03 Feb 1999 | 27 Years 9 Months | As last reported |
| Jinesh Vasant Jain | Additional Director | 28 Sep 2021 | 5 Years 1 Months | As last reported |
| Abhay Narhar Kadam Also directs: KSK Engineering Company Private Limited, Kroesus Consulting Private Limited, Eyeglobal Technologies Private Limited and 5 more | Director | 01 Oct 2014 | 12 Years 1 Months | As last reported |
Peer comparison
Megi Agro Chem Limited is compared with the 10 companies closest to it by revenue in the Chemicals industry (Petrochemicals), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chemizol Lubricants Private Limited | ₹1.93 Lakh (FY 2016) | 71.0% | Bengaluru, Karnataka, India | |||
| Aditi Petrochem Private Limited | ₹1.9 Lakh (FY 2025) | 9392.0% | Jaipur, Rajasthan, India | |||
| Yanki Petrochemicals Limited | ₹1.89 Lakh (FY 2020) | -34.0% | Mumbai, Maharashtra, India | |||
| Sri Chakra Lubes Pvt Ltd | ₹1.8 Lakh (FY 2025) | -85.0% | Puducherry, India | |||
| Bansal Petroleum Limited | ₹1.74 Lakh (FY 2018) | Punjab, India | ||||
| Megi Agro Chem Limitedthis company | ₹1.73 Lakh (FY 2019) | -₹66,806 | -38.6% | Thane, Maharashtra, India | ||
| Newalt Energy Private Limited | ₹1.67 Lakh (FY 2023) | 222.0% | Mumbai, Maharashtra, India | |||
| Subarnarekha Coal Complex Pvt Ltd | ₹1.6 Lakh (FY 2024) | -99.0% | Kolkata, West Bengal, India | |||
| Mahalaxmi Biofuel and Fertilizer Private Limited | ₹1.56 Lakh (FY 2024) | 42.0% | Bareilly, Uttar Pradesh, India | |||
| Pondy Petro Products Private Limited | ₹1.56 Lakh (FY 2020) | 13.0% | Puducherry, India | |||
| Uniplas Petrochemicals Private Limited | ₹1.56 Lakh (FY 2019) | -100.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Megi Agro Chem Limited, buy the company report.
Auditor
Megi Agro Chem Limited is audited by Arvind More & Co. for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Arvind More & Co. | FY 2019 | 139162W |
Shareholding
The shareholding of Megi Agro Chem Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Megi Agro Chem Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Nov 2010 | 10255709 | Pridhvi Asset Reconstruction and Securitisation Company Limited | ₹41.47 Cr | Open | |
| 20 Nov 2010 | 10255706 | Pridhvi Asset Reconstruction and Securitisation Company Limited | ₹41.47 Cr | Open |
To see the full charge records of Megi Agro Chem Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Megi Agro Chem Limited has 26 court cases on record: 26 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 16 | 0 |
| NCLAT | 6 | 6 | 0 |
| High courts | 3 | 3 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed against the company by Pridhvi Asset Reconstruction and Securitisation Company Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by M/S. Pinnacle Industrial Controls Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by M/S. Pinnacle Industrial Controls Pvt Ltd | Disposed |
| District court, Daman, The Dadra And Nagar Haveli And Daman And Diu | Civil suit | Filed against the company by M/S. Laxsons Automation Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by M/S.Pinnacle Industrial Controls P.Ltd. | Disposed |
To see the full case history of Megi Agro Chem 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 Megi Agro Chem Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Megi Agro Chem Limited has 1 active EPFO establishment as of Apr 04, 2024.
GST
Megi Agro Chem has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM9877P1ZB | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Megi Agro Chem Limited, buy the company report.
Recent activity
Megi Agro Chem Limited has 7 board changes on record since 1999: 5 appointments and 2 cessations. The latest: Jinesh Vasant Jain was appointed as Additional Director on 28 Sep 2021.
2 earlier events are in the company report.
Frequently asked questions
Megi Agro Chem is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Megi Agro Chem is a company under insolvency, formerly operating as a public limited company based in Thane, Maharashtra, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 03 February 1999 and is registered under CIN U24210MH1999PLC118134. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Megi Agro Chem has 5 current directors:
- Ramesh Shravan Jadhav - Managing Director
- Kalpana Ramesh Jadhav - Director
- Chhaburao Sukhdeo Avad - Director
- Jinesh Vasant Jain - Additional Director
- Abhay Narhar Kadam - Director
The latest financial statements of Megi Agro Chem on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Megi Agro Chem is U24210MH1999PLC118134. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Megi Agro Chem has open charges of ₹82.94 Cr and no satisfied charges on record as per latest MCA filings.
Megi Agro Chem has 26 court cases on record: 26 filed against it. Most are in the district courts.
Megi Agro Chem was incorporated on 03 February 1999. It is registered with the Registrar of Companies, Mumbai.
The peers of Megi Agro Chem by revenue are Chemizol Lubricants Private Limited, Aditi Petrochem Private Limited, Yanki Petrochemicals Limited, Sri Chakra Lubes Pvt Ltd, Bansal Petroleum Limited and 5 more, all in the Chemicals industry (Petrochemicals).
Jinesh Vasant Jain was appointed as Additional Director on 28 Sep 2021. Abhay Narhar Kadam was appointed as Director on 01 Oct 2014. Ramesh Shravan Jadhav ceased to be Director on 01 Apr 2014. Megi Agro Chem has 7 board changes on record in total.
Megi Agro Chem can be reached through the website megiagrochem.com. Its registered office is in Thane, Maharashtra, 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.
