About Nalco Water India Private Limited
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Nalco Water India Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Nalco Holding B.V. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 16 December 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U22229PN1987PTC140332. Its GSTIN is 09AAACO4994N2ZN (Uttar Pradesh). The company holds 19 GST registrations, of which 14 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹4.92 Cr. It was formerly known as Nalco Water India Limited and Ondeo Nalco India Limited. It is led by directors including Manish Khandelwal (Managing Director) and Kedar Vasant Dubhashi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at S.No : 238/239 1st Floor Quadra 1 Panchshil Magarpatta Road Sade Satra Nali, Pune, Maharashtra, India – 411028.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,325.83 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹87.39 Cr (net margin 6.6%) and EBITDA of ₹150.71 Cr (EBITDA margin 11.4%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 25% over five years.
The company has about 585 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹25 Cr on record. Court records list 63 cases involving the company, including 39 filed by the company and 24 filed against it; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ecolab.com.
Company details
Name history
Nalco Water India has undergone 3 name changes throughout its history. The company was previously known as Nalco Water India Limited, Ondeo Nalco India Limited, and Nlc Nalco India Limited. The current legal name is Nalco Water India Private Limited.
| Company Name | Status |
|---|---|
| Nalco Water India Private Limited | Current |
| Nalco Water India Limited | Previous |
| Ondeo Nalco India Limited | Previous |
| Nlc Nalco India Limited | Previous |
CIN history
Nalco Water India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U22229PN1987PTC140332, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U22229PN1987PTC140332 | Current |
| U22229PN1987PLC140332 | Previous |
| U22229WB1987PLC043479 | Previous |
Contact details
Nalco Water India Private Limited's registered office is in Pune, Maharashtra. Its website is ecolab.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS.No : 238/239 1st Floor Quadra 1 Panchshil Magarpatta Road Sade Satra Nali, Pune, Maharashtra, India – 411028
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Nalco Water India Private 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
Business activity
The main business activity of Nalco Water India 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 Nalco Water India Private Limited, buy the company report.
Financials of Nalco Water India Private Limited
FY 2024 filings availableNalco Water India Private Limited reported revenue of ₹1,325.83 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 25% growth in the latest year. EBITDA rose 38% 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 | ₹150.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹87.39 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 | |||||
| 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 | 11.4% | ||||
| Net Profit Margin | 6.6% | ||||
| 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 Nalco Water India Private Limited, buy the company report.
Board of directors of Nalco Water India Private Limited
Nalco Water India has 4 current directors and 34 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kedar Vasant Dubhashi | Whole-Time Director | 15 Jun 2015 | 11 Years 4 Months | Current |
| Deepak Sunder Krishnan | Director | 15 Sep 2024 | 2 Years 1 Months | Current |
| Venkateswara Seshu Rachapudi Krishna Ravi Prasad | Director | 26 Jul 2021 | 5 Years 3 Months | Current |
| Manish Khandelwal | Managing Director | 15 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Nalco Water India Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Services industry (Industrial Chemicals, Professional Services, Water and Wastewater Treatment), 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 |
|---|---|---|---|---|---|---|
| Calibre Chemicals Private Limited | ₹1,395.64 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Krishana Phoschem Limited | ₹1,368.17 Cr (FY 2025) | 48.0% | Bhilwara, Rajasthan, India | |||
| Nalco Water India Private Limitedthis company | ₹1,325.83 Cr (FY 2025) | ₹87.39 Cr | 6.6% | 25.0% | 585 | Pune, Maharashtra, India |
| Huntsman Solutions India Private Limited | ₹1,296.07 Cr (FY 2025) | 24.0% | Thane, Maharashtra, India | |||
| MPCL Industries Limited | ₹1,254.05 Cr (FY 2024) | -14.0% | Delhi, India |
To see the full peer comparison of Nalco Water India Private Limited, buy the company report.
Auditor
Nalco Water India Private Limited is audited by Price WaterHouse & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price WaterHouse & Co. | FY 2024 | 007567S/S-200012 |
Shareholding
The shareholding of Nalco Water India Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nalco Water India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2007 | 10109094 | Icici Bank Limited | ₹7.3 Cr | Satisfied | |
| 19 Jul 2005 | 90254700 | Abn Amro Bank N. V. | ₹10.85 Cr | Satisfied | |
| 07 Nov 1997 | 90253786 | Union Bank Ofindia | ₹6.85 Cr | Satisfied |
To see the full charge records of Nalco Water India Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Nalco Water India Private Limited has 63 court cases on record: 39 filed by Nalco Water India, 24 filed against it. 9 cases are pending and 54 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 33 | 17 | 7 |
| District courts | 30 | 7 | 2 |
Cases on record (5 of 63)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against Biltube Industries Ltd. | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S. Cethar Industries Ltd | Pending |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed by the company against Cethar Limited | Disposed |
| High Court, TAMIL NADU | Company petition | Filed by the company against Cethar Limited and 1 other | Disposed |
| Bombay High Court | Court case (S) | Filed against the company by Diversey India Pvt. Ltd. | Disposed |
To see the full case history of Nalco Water 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.
MSME payment delays
Nalco Water India Private Limited has 13 MSME Form 1 returns on record between 2017 and 2023, listing 1,037 overdue payments to 54 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 54)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Manoj Polypack Private Limited | |||
| Hussain Enterprise | |||
| an individual supplier | |||
| Anirudh Plastic Private Limited |
To see the full MSME payment records of Nalco Water India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Nalco Water India has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ecolab Global Services Private Limited | U72900KA2021PTC151786 |
To see the full group structure of Nalco Water India Private Limited, buy the company report.
Employees & EPFO
Nalco Water India Private Limited has a workforce of 585 employees on its EPFO records as of Jan 08, 2026, across 5 active EPFO establishments.
GST
Nalco Water India has 19 GST registrations: 14 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACO4994N2ZN | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AAACO4994N1ZN | West Bengal | Active | 01 Jul 2017 |
| 20AAACO4994N1Z4 | Jharkhand | Active | 01 Jul 2017 |
| 24AAACO4994N2ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nalco Water India Private Limited, buy the company report.
Recent activity
Nalco Water India Private Limited has 38 board changes on record since 2007: 7 appointments and 31 cessations. The latest: Deepak Sunder Krishnan ceased to be Additional Director on 26 Sep 2024.
38 earlier events are in the company report.
Frequently asked questions
Nalco Water India is an active private limited company based in Pune, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 16 December 1987 (39+ years old) and is registered under CIN U22229PN1987PTC140332.
Nalco Water India has 4 current directors:
- Manish Khandelwal - Managing Director
- Kedar Vasant Dubhashi - Whole-Time Director
- Deepak Sunder Krishnan - Director
- Venkateswara Seshu Rachapudi Krishna Ravi Prasad - Director
The latest financial statements of Nalco Water India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Nalco Water India is 09AAACO4994N2ZN, registered in Uttar Pradesh. The company has 19 GST registrations in all, of which 14 are active and 5 are cancelled or inactive. Other active GSTINs include 19AAACO4994N1ZN (West Bengal), 20AAACO4994N1Z4 (Jharkhand), 24AAACO4994N2ZV (Gujarat).
The CIN (Corporate Identification Number) of Nalco Water India is U22229PN1987PTC140332. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nalco Water India has 63 court cases on record: 39 filed by the company and 24 filed against it. 9 are pending. Most are in the high courts.
Nalco Water India was incorporated on 16 December 1987, making it 39+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Nalco Water India by revenue are Calibre Chemicals Private Limited, Krishana Phoschem Limited, Huntsman Solutions India Private Limited, MPCL Industries Limited, all in the Consumer Services industry (Industrial Chemicals, Professional Services, Water and Wastewater Treatment), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Deepak Sunder Krishnan ceased to be Additional Director on 26 Sep 2024. Manish Khandelwal ceased to be Additional Director on 26 Sep 2024. Deepak Sunder Krishnan was appointed as Director on 15 Sep 2024. Nalco Water India has 38 board changes on record in total.
Nalco Water India has 13 MSME Form 1 returns on record between 2017 and 2023, listing 1,037 overdue payments to 54 micro and small suppliers. The latest return was filed on 08 Nov 2023.
Nalco Water India can be reached through the website ecolab.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Nalco Water India is at S.No : 238239 1st Floor Quadra 1 Panchshil Magarpatta Road Sade Satra Nali, Pune, Maharashtra, India – 411028.
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