Fortune MNC 500 India 2026 edition
Rank#214- Total income
- ₹3,221 Cr
- Profit
- ₹242 Cr
Last year #179
Hubergroup India Private Limited - chemicals and materials in Vapi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹2,793.12 Cr
▼ 6% YoY
Net profit · FY 2023
₹233.77 Cr
Net margin 8.4%
EBITDA · FY 2023
₹328.17 Cr
EBITDA margin 11.7%
Authorised capital
₹85 Cr
Registered with MCA
Paid-up capital
₹24.87 Cr
Issued & subscribed
Open charges
₹2,462.53 Cr
Satisfied ₹811.79 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
1,637
Provident fund records
About Hubergroup India Private Limited
Data last updated:
Hubergroup India Private Limited is a private limited company based in Vapi, Gujarat, India, a subsidiary of Mhm Holding Gmbh. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 13 November 1991 and has been in existence for over 35 years.
Hubergroup India is ranked #214 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24220GJ1991PTC016598. Its GSTIN is 24AAACH7063F1ZU (Gujarat). The company holds 11 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹85 Cr and a paid-up capital of ₹24.87 Cr. It was formerly known as Micro Inks Limited and Hindustan Inks & Resins Limited. It is led by directors including Premal Arundev Desai (Managing Director) and Navjot Sahni (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 July 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at Plot No.808/E Phase – II G. I. D. C., Vapi, Gujarat, India – 396195.
As per the financials filed for FY 2023, the company reported a revenue of ₹2,793.12 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹233.77 Cr (net margin 8.4%) and EBITDA of ₹328.17 Cr (EBITDA margin 11.7%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 2% over five years.
The company has about 1,637 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Huber Group and Hubergroup. As per MCA filings, the company has open charges of ₹2,462.53 Cr and satisfied charges of ₹811.79 Cr on record. Court records list 237 cases involving the company, including 156 filed by the company and 81 filed against it; 59 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹6 Lakh; the latest was in May 2012.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hubergroup.com.
Company details
CIN U24220GJ1991PTC016598
Registration Number 016598
Incorporation Date 13 November 1991
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 July 2025
Date of Balance Sheet 31 December 2024
Parent Company Mhm Holding Gmbh
Compliance Status Active Compliant
Name history
Hubergroup India has undergone 3 name changes throughout its history. The company was previously known as Micro Inks Limited, Hindustan Inks & Resins Limited, and Micro Inks Private Limited. The current legal name is Hubergroup India Private Limited.
| Company Name | Status |
|---|---|
| Hubergroup India Private Limited | Current |
| Micro Inks Limited | Previous |
| Hindustan Inks & Resins Limited | Previous |
| Micro Inks Private Limited | Previous |
CIN history
Hubergroup India has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U24220GJ1991PTC016598, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24220GJ1991PTC016598 | Current |
| L24220GJ1991PLC016598 | Previous |
| U24220GJ1991PLC016598 | Previous |
| U24220TN1991PTC192871 | Previous |
Key People
Premal Arundev Desai Managing Director Navjot Sahni Whole-Time Director Taner Bicer Director Recognitions & Rankings of Hubergroup India
Contact details
Hubergroup India Private Limited's registered office is in Vapi, Gujarat. Its website is hubergroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.808/E Phase – II G. I. D. C., Vapi, Gujarat, India – 396195
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Hubergroup India Private Limited, buy the company report.
Comprehensive company report
Hubergroup India 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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Brands
Hubergroup India operates two associated brands: Huber Group and Hubergroup. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hubergroup is involved in operations across multiple countries. | hubergroup.com | |
| Manufacturing of printing inks and chemicals for industrial applications. | hubergroup.in |
Financials of Hubergroup India Private Limited
FY 2024 filings availableHubergroup India Private Limited reported revenue of ₹2,793.12 Cr (down 6% YoY) for FY 2023.
Revenue · FY 2023
₹2,793.12 Cr ▼ 6%
Net profit · FY 2023
₹233.77 Cr margin 8.4%
EBITDA · FY 2023
₹328.17 Cr margin 11.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 11%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 21%
5 years · compounded
▲ 7%
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 14% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2,793.12 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹328.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹233.77 Cr | ||||
| 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 | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.7% | ||||
| Net Profit Margin | 8.4% | ||||
| 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 | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Hubergroup India Private Limited, buy the company report.
Board of directors of Hubergroup India Private Limited
Hubergroup India has 7 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Taner Bicer | Director | 23 Jun 2020 | 6 Years 4 Months | Current |
| Arup Basu | Director | 30 Jun 2025 | 1 Years 3 Months | Current |
| Carsten Zoelzer | Director | 20 Feb 2024 | 2 Years 8 Months | Current |
| Britta Huebner | Director | 20 Feb 2024 | 2 Years 8 Months | Current |
| Sundaresh Bhat Also directs: VVF (India) Limited | Person Incharge | 01 Sep 2007 | 19 Years 1 Months | Current |
| Navjot Sahni | Whole-Time Director | 27 Jun 2024 | 2 Years 3 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Hubergroup India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Hubergroup India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hubergroup India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2,462.53 Cr
Satisfied charges
₹811.79 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Oct 2025 | 101175978 | Axis Bank Limited | ₹100 Cr | Open | |
| 22 Aug 2025 | 101145155 | Others | ₹1,735.53 Cr | Open | |
| 20 Jun 2025 | 101119560 | Hdfc Bank Limited | ₹195 Cr | Open | |
| 12 Feb 2025 | 101054022 | Others | ₹77 Cr | Open | |
| 30 Jan 2005 | 80012217 | Icici Bank Limited | ₹175 Cr | Open |
To see the full charge records of Hubergroup India Private Limited, buy the company report.
Total charge records: 27 View all charges
Deals & funding
Hubergroup India Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹6 Lakh; the latest was in May 2012.
Total deals
1
Funding round
1
Disclosed funding
₹6 Lakh
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2012 | Funding round | ₹6 Lakh | Investors: MHM Holding Gmbh |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hubergroup India Private Limited has 237 court cases on record: 156 filed by Hubergroup India, 81 filed against it. 59 cases are pending and 178 are disposed.
Total cases
237
Filed by the company
156
Filed against the company
81
Pending
59
Disposed
178
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 150 | 27 | 29 |
| High courts | 74 | 44 | 26 |
| Supreme Court | 8 | 5 | 1 |
| NCLAT | 5 | 5 | 3 |
Cases on record (5 of 237)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (CR.RA) | Filed against the company by Simcon Laminators Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Colourspace Packaging Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Attharv Sai Flexipack Private Limited and Ors and 2 others | Pending |
| District court, Valsad, Gujarat | Commercial matter | Filed by the company against Galore Packaging India Pvt Ltd. | Pending |
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against Goodluck Publicity Pvt. Ltd. and 1 other | Pending |
To see the full case history of Hubergroup India 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.
Credit ratings & regulatory alerts
Hubergroup India Private Limited was last rated by Care on 25 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 25 Jun 2021 |
To see the full credit ratings and regulatory alerts of Hubergroup India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hubergroup India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hubergroup India Private Limited has a workforce of 1,637 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
Employee count
1,637
Active EPFO establishments
2
Employee growth
5.07%
GST
Hubergroup India has 11 GST registrations: 9 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
9
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH7063F1ZU | Gujarat | Active | 01 Jul 2017 |
| 24AAACH7063F2ZT | Gujarat | Active | 02 Aug 2017 |
| 09AAACH7063F1ZM | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AAACH7063F1ZL | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hubergroup India Private Limited, buy the company report.
Recent activity
Hubergroup India Private Limited has 30 board changes on record since 2007: 7 appointments and 23 cessations. The latest: Arup Basu ceased to be Additional Director on 29 Jul 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 100.00 Cr with Charge ID 101175978 was registered on 09 Oct 2025.
Charges
A charge with Others amounted to Rs. 1,735.53 Cr with Charge ID 101145155 was registered on 22 Aug 2025.
AGM
Hubergroup India Private Limited last Annual general meeting of members was held on 30 Jul 2025 as per latest MCA records.
Ceased
Arup Basu ceased to be Additional Director.
Charges
A charge registered on 24 Dec 2024 via Charge ID 101033001 with Hdfc Bank Limited was fully satisfied on 11 Jul 2025.
Appointed
Arup Basu was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 195.00 Cr with Charge ID 101119560 was registered on 20 Jun 2025.
Charges
A charge with Others amounted to Rs. 77.00 Cr with Charge ID 101054022 was registered on 12 Feb 2025.
Ceased
Sandeep Bhandari ceased to be CFO.
Filing
Hubergroup India Private Limited has filed its annual Financial statements for the year ended 31 Dec 2024 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 100.00 Cr with Charge ID 101033001 was registered on 24 Dec 2024.
Ceased
Premal Arundev Desai ceased to be Additional Director.
85 earlier events are in the company report.
Frequently asked questions
Hubergroup India is an active private limited company based in Vapi, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 13 November 1991 (35+ years old) and is registered under CIN U24220GJ1991PTC016598.
Hubergroup India has 7 current directors:
- Premal Arundev Desai - Managing Director
- Navjot Sahni - Whole-Time Director
- Taner Bicer - Director
- Arup Basu - Director
- Carsten Zoelzer - Director
- Britta Huebner - Director
- Sundaresh Bhat - Person Incharge
The latest financial statements of Hubergroup India on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 30 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hubergroup India is 24AAACH7063F1ZU, registered in Gujarat. The company has 11 GST registrations in all, of which 9 are active and 2 are cancelled or inactive. Other active GSTINs include 24AAACH7063F2ZT (Gujarat), 09AAACH7063F1ZM (Uttar Pradesh), 19AAACH7063F1ZL (West Bengal).
The CIN (Corporate Identification Number) of Hubergroup India is U24220GJ1991PTC016598. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hubergroup India has 237 court cases on record: 156 filed by the company and 81 filed against it. 59 are pending. Most are in the district courts.
Hubergroup India was incorporated on 13 November 1991, making it 35+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hubergroup India has 1 deal on record (1 funding round), with disclosed funding of ₹6 Lakh; the latest was in May 2012.
Arup Basu ceased to be Additional Director on 29 Jul 2025. Arup Basu was appointed as Director on 30 Jun 2025. Sandeep Bhandari ceased to be CFO on 25 Jan 2025. Hubergroup India has 30 board changes on record in total.
Hubergroup India can be reached through the website hubergroup.com. Its registered office is in Vapi, Gujarat, India.