About Primacy Industries Private Limited
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Primacy Industries Private Limited is a private limited company based in Manipal, Karnataka, India, a subsidiary of Gp Global Limited Ltd. It operates in the personal care and skincare products segment of the FMCG sector. It was incorporated on 03 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24242KA2004PTC034633. Its GSTIN is 29AADCP3568L1ZU (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹632 Cr and a paid-up capital of ₹53.12 Cr. It was formerly known as Primacy Industries Limited. It is led by directors Tonse Gautham Pai (Managing Director) and Kalsank Umesh Kini.
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 Udayavani Buildingmanipal, Karnataka, India – 576104.
As per the financials filed for FY 2025, the company reported a revenue of ₹530.94 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹10.22 Cr (net margin -1.9%) and EBITDA of ₹40.71 Cr (EBITDA margin 7.7%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 10% over five years.
The company has about 562 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Primacy Industries. As per MCA filings, the company has open charges of ₹146.11 Cr and satisfied charges of ₹621.49 Cr on record. Court records list 39 cases involving the company, including 25 filed by the company and 14 filed against it; 8 cases are pending. The company has 14 deals on record (7 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹52.14 Cr; the latest was in September 2021. The company has 11 MSME Form 1 returns on record between 2021 and 2024, listing 3,138 overdue payments to 179 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 primacyind.com.
Company details
Name history
Primacy Industries has undergone 2 name changes throughout its history. The company was previously known as Primacy Industries Private Limited, and Primacy Industries Limited. The current legal name is Primacy Industries Private Limited.
| Company Name | Status |
|---|---|
| Primacy Industries Private Limited | Current |
| Primacy Industries Limited | Previous |
CIN history
Primacy Industries has one previous CIN (Corporate Identification Number): U24242KA2004PLC034633. The current CIN is U24242KA2004PTC034633, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24242KA2004PTC034633 | Current |
| U24242KA2004PLC034633 | Previous |
Contact details
Primacy Industries Private Limited's registered office is in Manipal, Karnataka. Its website is primacyind.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUdayavani Buildingmanipal, Karnataka, India – 576104
- IndustryFMCG, Personal Care & Skincare Products
To see the full contact details of Primacy Industries 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
Brands
Primacy Industries operates one associated brand: Primacy Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Scented candles, air, personal care, and hygiene products are contract-manufactured. | primacyind.com |
Business activity
The main business activity of Primacy Industries 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 Primacy Industries Private Limited, buy the company report.
Financials of Primacy Industries Private Limited
FY 2025 filings availablePrimacy Industries Private Limited reported revenue of ₹530.94 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA fell 13% 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 | ₹530.94 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹40.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.22 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 | 7.7% | ||||
| Net Profit Margin | -1.9% | ||||
| 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 Primacy Industries Private Limited, buy the company report.
Board of directors of Primacy Industries Private Limited
Primacy Industries has 2 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tonse Gautham Pai Also directs: La Scenteur Fragrance LLP, Manipal Technologies Limited, Manipal Payment and Identity Solutions Limited and 1 more | Managing Director | 03 Sep 2004 | 22 Years 2 Months | Current |
| Kalsank Umesh Kini Also directs: Icds Limited, Manipal Thomas Greg Press Private Limited, Mangalore Scents Private Limited and 5 more | Director | 13 Jul 2020 | 6 Years 4 Months | Current |
Auditor
Primacy Industries Private Limited is audited by Sriramulu Naidu & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sriramulu Naidu & Co. | FY 2023 | 008975S |
Shareholding
The shareholding of Primacy Industries Private 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 Primacy Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2021 | 100534136 | Others | ₹32 Cr | Open | |
| 31 Oct 2018 | 100218617 | Abhyudaya Co-Operative Bank Limited | ₹14 Cr | Open | |
| 31 Oct 2017 | 100136496 | Others | ₹29.54 Cr | Open | |
| 22 Mar 2017 | 100095538 | Abhyudaya Co-Operative Bank Limited | ₹30.08 Cr | Open | |
| 06 Sep 2016 | 100055748 | Others | ₹29.54 Cr | Open |
To see the full charge records of Primacy Industries Private Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Primacy Industries Private Limited has 14 deals on record (7 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹52.14 Cr; the latest was in September 2021.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: Manipal Media Network Limited Seller: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Sharath Investments Private Limited |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Sharath Investments Private Limited Seller: an individual |
| Apr 2008 | Funding round | ₹1.99 Cr | Investors: Sharath Investments Private Limited , 3 individuals |
| Aug 2006 | Funding round | ₹3.06 Cr | Investors: 4 individuals |
To see the full deal history of Primacy Industries Private 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
Primacy Industries Private Limited has 39 court cases on record: 25 filed by Primacy Industries, 14 filed against it. 8 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 6 | 7 |
| High courts | 10 | 4 | 1 |
| NCLT | 5 | 4 | 0 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, UDUPI, Karnataka | Court case (Com.O.S.) | Filed by the company against Agi Greenpac Limited, Rep by Its Directors | Pending |
| District court, UDUPI, Karnataka | Court case (Com.O.S.) | Filed by the company against RKRM International Products Private Limited, Thane, Rep by Its Director, Linet Pereira | Pending |
| District court, UDUPI, Karnataka | Criminal complaint | Filed by the company against M/S Luczotiq Private Ltd. and 1 other | Pending |
| District court, UDUPI, Karnataka | Criminal complaint | Filed by the company against M/S. Luczotiq Private Ltd., Chennai and 1 other | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Supermax Personal Care Private Limited | Disposed |
To see the full case history of Primacy Industries 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
Primacy Industries Private Limited was last rated by Indiarating on 06 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 06 Aug 2021 |
To see the full credit ratings and regulatory alerts of Primacy Industries Private Limited, buy the company report.
MSME payment delays
Primacy Industries Private Limited has 11 MSME Form 1 returns on record between 2021 and 2024, listing 3,138 overdue payments to 179 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 179)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Metal Impacts Private Limited | |||
| Raja Crowns and Cans Private Limited | |||
| JKPL Utility Packaging Solutions Private Limited | |||
| Primacy Consumer Products Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Primacy Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Primacy Industries has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Primacy Global Enterprises Private Limited | U51900KA2010PTC055404 |
To see the full group structure of Primacy Industries Private Limited, buy the company report.
Employees & EPFO
Primacy Industries Private Limited has a workforce of 562 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 562 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Primacy Industries Private Limited, buy the company report.
GST
Primacy Industries has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCP3568L1ZU | Karnataka | Active | 01 Jul 2017 |
| 24AADCP3568L1Z4 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Primacy Industries Private Limited, buy the company report.
Recent activity
Primacy Industries Private Limited has 22 board changes on record since 2004: 2 appointments and 20 cessations. The latest: Prabhakara Dayananda Kamath ceased to be CFO on 01 Jul 2024.
61 earlier events are in the company report.
Frequently asked questions
Primacy Industries is an active private limited company based in Manipal, Karnataka, India. The company works in personal care and skincare products, within the FMCG industry. It was incorporated on 03 September 2004 (22+ years old) and is registered under CIN U24242KA2004PTC034633.
Primacy Industries has 2 current directors:
- Tonse Gautham Pai - Managing Director
- Kalsank Umesh Kini - Director
The latest financial statements of Primacy Industries 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 Primacy Industries is 29AADCP3568L1ZU, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AADCP3568L1Z4 (Gujarat).
The CIN (Corporate Identification Number) of Primacy Industries is U24242KA2004PTC034633. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Primacy Industries has 39 court cases on record: 25 filed by the company and 14 filed against it. 8 are pending. Most are in the district courts.
Primacy Industries was incorporated on 03 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Primacy Industries has 14 deals on record (7 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹52.14 Cr; the latest was in September 2021.
Prabhakara Dayananda Kamath ceased to be CFO on 01 Jul 2024. Shankar Ramachandran Bharadhwaj ceased to be Nominee Director on 03 Apr 2024. Vinay Vinayak Ambardekar ceased to be Nominee Director on 03 Apr 2024. Primacy Industries has 22 board changes on record in total.
Primacy Industries has 11 MSME Form 1 returns on record between 2021 and 2024, listing 3,138 overdue payments to 179 micro and small suppliers. The latest return was filed on 06 May 2024.
Primacy Industries can be reached through the website primacyind.com. Its registered office is in Manipal, Karnataka, India.
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