About Nandan Petrochem Limited
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Nandan Petrochem Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 05 June 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U23201MH1992PLC067089. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.12 Cr. It was formerly known as Nandan Petrochem Private Limited. It is led by directors including Nandan Shreenarayan Agrawal (Managing Director) and Shreenarayan Agrawal (Whole-Time Director).
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 1001A And 1002A A Wing Lotus Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹695.68 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹17.47 Cr (net margin 2.5%) and EBITDA of ₹40.2 Cr (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 14% over five years.
The company has about 281 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Velvex. As per MCA filings, the company has open charges of ₹445 Cr and satisfied charges of ₹313.89 Cr on record. Court records list 98 cases involving the company, including 74 filed by the company and 24 filed against it; 52 cases are pending. The company has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹4.66 Cr; the latest was in February 2023. Its 3 peer companies in the Chemicals industry (Petrochemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger; the largest is Manali Petrochemicals Limited with revenue of ₹921.63 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website velvex.in.
Company details
Contact details
Nandan Petrochem Limited's registered office is in Mumbai, Maharashtra. Its website is velvex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 1001A And 1002A A Wing Lotus Corporate Park, Graham Firth Steel Compound Western Express Highway Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Nandan Petrochem 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 Nandan Petrochem 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 Nandan Petrochem Limited, buy the company report.
Financials of Nandan Petrochem Limited
FY 2025 filings availableNandan Petrochem Limited reported revenue of ₹695.68 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 2% 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 |
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| EBITDA | ₹40.2 Cr | ||||
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| Net Profit (PAT) | ₹17.47 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | 2.5% | ||||
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To see the full financial statements and ratios of Nandan Petrochem Limited, buy the company report.
Board of directors and KMP of Nandan Petrochem Limited
Nandan Petrochem Limited currently reports 5 directors and 1 key managerial person. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nandan Shreenarayan Agrawal Also directs: Ramrehyann Agrotech LLP, Nutrahelix Biotech Private Limited, NPL Enterprises Private Limited and 5 more | Managing Director | 01 Apr 2010 | 16 Years 6 Months | Current |
| Shreenarayan Agrawal Also directs: Ramrehyann Agrotech LLP, Nutrahelix Biotech Private Limited, Pres Green Energy Foundation and 5 more | Whole-Time Director | 01 Oct 2007 | 19 Years 0 Months | Current |
| Radhakrishnan Sreedharan | Director | 13 Jun 2019 | 7 Years 4 Months | Current |
| Pankaj Agrawal | Additional Director | 27 Jan 2026 | 0 Years 9 Months | Current |
| Shweta Akash Gokarn Also directs: Stgy Consulting (OPC) Private Limited | Additional Director | 27 Jan 2026 | 0 Years 9 Months | Current |
| Hitesh Navin Vora | Cfo | 24 Oct 2024 | 2 Years 0 Months | Current |
Peer comparison
Nandan Petrochem Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Petrochemicals), 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 |
|---|---|---|---|---|---|---|
| Manali Petrochemicals Limited | ₹921.63 Cr (FY 2025) | -13.0% | Chennai, Tamil Nadu, India | |||
| Reno Mercantile Private Limited | ₹864 Cr (FY 2025) | -13.0% | Chennai, Tamil Nadu, India | |||
| Royal Castor Products Limited | ₹719.68 Cr (FY 2025) | 0.0% | Sidhpur, Gujarat, India | |||
| Nandan Petrochem Limitedthis company | ₹695.68 Cr (FY 2025) | ₹17.47 Cr | 2.5% | -4.0% | 281 | Mumbai, Maharashtra, India |
To see the full peer comparison of Nandan Petrochem Limited, buy the company report.
Auditor
Nandan Petrochem Limited is audited by Samdani & Hamirwasia Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Samdani & Hamirwasia Chartered Accountants | FY 2023 | 112161W |
Shareholding
The shareholding of Nandan Petrochem 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 Nandan Petrochem Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jul 2025 | 101135128 | Others | ₹35 Cr | Open | |
| 15 Feb 2023 | 100681431 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Cr | Open | |
| 25 Mar 2022 | 100556846 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Cr | Open | |
| 23 Sep 2021 | 100489860 | Hdfc Bank Limited | ₹80 Cr | Open | |
| 18 Aug 2021 | 100472511 | Hdfc Bank Limited | ₹80 Cr | Open |
To see the full charge records of Nandan Petrochem Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Nandan Petrochem Limited has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹4.66 Cr; the latest was in February 2023.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Shreenarayana Agrawal Huf |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: R P Shah Huf, 3 individuals |
| Mar 2012 | Funding round | ₹93.8 Lakh | Investors: 3 individuals |
To see the full deal history of Nandan Petrochem 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
Nandan Petrochem Limited has 98 court cases on record: 74 filed by Nandan Petrochem, 24 filed against it. 52 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 76 | 16 | 50 |
| High courts | 18 | 6 | 2 |
| Supreme Court | 4 | 2 | 0 |
Cases on record (5 of 98)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Sasi Retreading Enterprises Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Disha Polyarns Private Limited and 5 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Messrs Dipen Synthetics Private Limited and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Real Gem Buildtech Pvt Ltd and 15 Ors. | Pending |
| High Court of Madhya Pradesh | Revision petition | Filed by the company against Aditya Enterprises | Disposed |
To see the full case history of Nandan Petrochem 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
Nandan Petrochem Limited was last rated by Icra on 08 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 08 Jun 2021 |
To see the full credit ratings and regulatory alerts of Nandan Petrochem Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nandan Petrochem Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nandan Petrochem Limited has a workforce of 281 employees on its EPFO records as of Oct 07, 2025, across 1 active EPFO establishment.
GST
Nandan Petrochem has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Nandan Petrochem Limited, buy the company report.
Recent activity
Nandan Petrochem Limited has 28 board changes on record since 2002: 17 appointments and 11 cessations. The latest: Pankaj Agrawal was appointed as Additional Director on 27 Jan 2026.
89 earlier events are in the company report.
Frequently asked questions
Nandan Petrochem is an active public limited company based in Mumbai, Maharashtra, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 05 June 1992 (34+ years old) and is registered under CIN U23201MH1992PLC067089.
Nandan Petrochem has 6 current directors and KMP:
- Nandan Shreenarayan Agrawal - Managing Director
- Shreenarayan Agrawal - Whole-Time Director
- Radhakrishnan Sreedharan - Director
- Pankaj Agrawal - Additional Director
- Shweta Akash Gokarn - Additional Director
- Hitesh Navin Vora - Cfo
The latest financial statements of Nandan Petrochem 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.
No. Nandan Petrochem has 5 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Nandan Petrochem is U23201MH1992PLC067089. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nandan Petrochem has 98 court cases on record: 74 filed by the company and 24 filed against it. 52 are pending. Most are in the district courts.
Nandan Petrochem was incorporated on 05 June 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Nandan Petrochem has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹4.66 Cr; the latest was in February 2023.
The peers of Nandan Petrochem by revenue are Manali Petrochemicals Limited, Reno Mercantile Private Limited, Royal Castor Products Limited, all in the Chemicals industry (Petrochemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Pankaj Agrawal was appointed as Additional Director on 27 Jan 2026. Shweta Akash Gokarn was appointed as Additional Director on 27 Jan 2026. Hitesh Navin Vora was appointed as CFO on 24 Oct 2024. Nandan Petrochem has 28 board changes on record in total.
Nandan Petrochem can be reached through the website velvex.in. Its registered office is in Mumbai, Maharashtra, India.