MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0023413
Narayan Organics Pvt Ltd - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹267.9 Cr
▲ 23% YoY
Net profit · FY 2024
₹2.36 Cr
Net margin 0.9%
EBITDA · FY 2024
₹16.63 Cr
EBITDA margin 6.2%
Authorised capital
₹9 Cr
Registered with MCA
Paid-up capital
₹3.14 Cr
Issued & subscribed
Open charges
₹138.72 Cr
Satisfied ₹16.4 Cr
Company age
34 yrs
Est. 1992
Employees · EPFO
86
Provident fund records
About Narayan Organics Pvt Ltd
Data last updated:
Narayan Organics Pvt Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 08 July 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24110GJ1992PTC017951. Its GSTIN is 24AAACN5297K1Z5 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹3.14 Cr. It is led by directors including Purav Dahyabhai Patel and Mehul Dahyabhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1101 Sankalp Square 3A Sindhubhavan Road Shilaj Village: Shilaj Taluka: Daskroi, Ahmedabad, Gujarat, India – 380059.
As per the financials filed for FY 2024, the company reported a revenue of ₹267.9 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹2.36 Cr (net margin 0.9%) and EBITDA of ₹16.63 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 22% over five years.
The company has about 86 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹138.72 Cr and satisfied charges of ₹16.4 Cr on record. Court records list 33 cases involving the company, including 16 filed by the company and 17 filed against it; 5 cases are pending. The company has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹15.78 Cr; the latest was in March 2016. Its 8 peer companies in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 5 smaller; the largest is Sicer India Private Limited with revenue of ₹275.1 Cr.
Narayan Organics Pvt Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0023413). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website narayan-pigments.com.
Company details
CIN U24110GJ1992PTC017951
Registration Number 017951
Incorporation Date 08 July 1992
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0023413
Key People
Purav Dahyabhai Patel Director Mehul Dahyabhai Patel Director Dahyabhai Narandas Patel Director Recognitions & Rankings of Narayan Organics
Contact details
Narayan Organics Pvt Ltd's registered office is in Ahmedabad, Gujarat. Its website is narayan-pigments.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1101 Sankalp Square 3A Sindhubhavan Road Shilaj Village: Shilaj Taluka: Daskroi, Ahmedabad, Gujarat, India – 380059
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Narayan Organics Pvt Ltd, buy the company report.
Comprehensive company report
Narayan Organics Pvt Ltd - 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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Secure checkout · GST invoice included
Business activity
The main business activity of Narayan Organics 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 Narayan Organics Pvt Ltd, buy the company report.
Financials of Narayan Organics Pvt Ltd
FY 2024 filings availableNarayan Organics Pvt Ltd reported revenue of ₹267.9 Cr (up 23% YoY) for FY 2024.
Revenue · FY 2024
₹267.9 Cr ▲ 23%
Net profit · FY 2024
₹2.36 Cr margin 0.9%
EBITDA · FY 2024
₹16.63 Cr margin 6.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 23%
3 years · compounded
▲ 21%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 148%
3 years · compounded
▲ 19%
5 years · compounded
▲ 20%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 23% growth in the latest year. EBITDA rose 148% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹16.63 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹2.36 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Narayan Organics Pvt Ltd, buy the company report.
Board of directors of Narayan Organics Pvt Ltd
Narayan Organics has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Purav Dahyabhai Patel Also directs: Narayan Engimech Private Limited, Greeneco Enviro Private Limited | Director | 24 Jun 2010 | 16 Years 4 Months | Current |
| Mehul Dahyabhai Patel Also directs: Narayan Engimech Private Limited, Greeneco Enviro Private Limited | Director | 01 May 2004 | 22 Years 5 Months | Current |
| Dahyabhai Narandas Patel | Director | 08 Jul 1992 | 34 Years 3 Months | Current |
Peer comparison
Narayan Organics Pvt Ltd is compared with the 8 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), 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 |
|---|---|---|---|---|---|---|
| Sicer India Private Limited | ₹275.1 Cr (FY 2025) | 27.0% | Wankaner, Gujarat, India | |||
| Saraf Chemicals Private Limited | ₹271.96 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| K Patel Chemo-Pharma Private Limited | ₹271.29 Cr (FY 2025) | 23.0% | Ankleshwar, Gujarat, India | |||
| Narayan Organics Pvt Ltdthis company | ₹267.9 Cr (FY 2024) | ₹2.36 Cr | 0.9% | 23.0% | 86 | Ahmedabad, Gujarat, India |
| Soujanya Color Private Limited | ₹264.46 Cr (FY 2025) | 3.0% | Navi Mumbai, Maharashtra, India | |||
| Ravi Dyeware Company Private Limited | ₹261.48 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Dhanveen Pigments Private Limited | ₹256.84 Cr (FY 2025) | -13.0% | Panoli, Gujarat, India | |||
| Voxco Pigments and Chemicals Private Limited | ₹251.25 Cr (FY 2025) | 13.0% | Pardi, Gujarat, India | |||
| Rex-Tone Industries Limited | ₹246.85 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Narayan Organics Pvt Ltd, buy the company report.
Auditor
Narayan Organics Pvt Ltd is audited by M B D & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M B D & CO. LLP | FY 2023 | 135129W/W100152 |
Shareholding
The shareholding of Narayan Organics Pvt Ltd 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 Narayan Organics Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹138.72 Cr
Satisfied charges
₹16.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 2021 | 100533645 | Hdfc Bank Limited | ₹83.31 Cr | Open | |
| 14 Dec 2020 | 100406458 | Citi Bank N.A. | ₹21 Cr | Open | |
| 15 Nov 2016 | 100063618 | Citi Bank N.A. | ₹15 Cr | Open | |
| 06 Sep 2016 | 100063617 | Citi Bank N.A. | ₹18 Cr | Open | |
| 31 Dec 2013 | 10468552 | Kotak Mahindra Bank Limited | ₹1.41 Cr | Open |
To see the full charge records of Narayan Organics Pvt Ltd, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Narayan Organics Pvt Ltd has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹15.78 Cr; the latest was in March 2016.
Total deals
8
Funding rounds
4
Secondary share transfers
4
Disclosed funding
₹15.78 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Narayan Pigments Private Limited , an individual Seller: Narayan Industries Pvt Ltd , an individual |
| Mar 2016 | Funding round | ₹9.17 Cr | Investors: Dahyabhai Narayandas Patel HUF, Narayan Industries Pvt Ltd , 2 individuals |
| Dec 2013 | Funding round | ₹3.15 Cr | Investors: an individual |
| Mar 2010 | Funding round | ₹2.21 Cr | Investors: Narayan Pigments Private Limited , Narayan Industries Pvt Ltd |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Narayan Industries Pvt Ltd , 2 individuals Seller: 4 individuals |
To see the full deal history of Narayan Organics Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Narayan Organics Pvt Ltd has 33 court cases on record: 16 filed by Narayan Organics, 17 filed against it. 5 cases are pending and 28 are disposed.
Total cases
33
Filed by the company
16
Filed against the company
17
Pending
5
Disposed
28
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 12 | 2 |
| High courts | 9 | 5 | 3 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Prayag Polytech Pvt. Ltd. and 5 others | Pending |
| Bombay High Court | Court case (APEAL) | Filed against the company by M/S. Sambhav Interchem Pvt. Ltd. | Pending |
| District court, Bharuch, Gujarat | Court case (CMA SC) | Filed by the company against M/S Tamilnadu Pigments Private Limited and 1 other | Disposed |
| NCLT, Jaipur | Insolvency matter | Filed by the company against Prayag Polytech Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against S.B.S. Organics Pvt.Ltd. and 2 others | Disposed |
To see the full case history of Narayan Organics Pvt Ltd, 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 Narayan Organics Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Narayan Organics Pvt Ltd has a workforce of 86 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
86
Active EPFO establishments
1
Employee growth
-2.27%
GST
Narayan Organics has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACN5297K1Z5 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Narayan Organics Pvt Ltd, buy the company report.
Recent activity
Narayan Organics Pvt Ltd has 9 board changes on record since 1992: 3 appointments and 6 cessations. The latest: Jayantilal Bhogilal Patel ceased to be Director on 31 Aug 2014.
Charges
A charge with Citi Bank N.A. of Rs. 21.00 Cr registered on 14 Dec 2020 with Charge ID 100406458 was modified on 11 Jul 2025.
Charges
A charge with Citi Bank N.A. of Rs. 18.00 Cr registered on 06 Sep 2016 with Charge ID 100063617 was modified on 11 Jul 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 83.31 Cr registered on 29 Dec 2021 with Charge ID 100533645 was modified on 03 Mar 2025.
AGM
Narayan Organics Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Narayan Organics Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 19 Sep 1998 via Charge ID 90109870 with State Bank Of India was fully satisfied on 26 Sep 2022.
Charges
A charge registered on 12 Sep 1998 via Charge ID 90109865 with State Bank Of India was fully satisfied on 26 Sep 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 83.31 Cr with Charge ID 100533645 was registered on 29 Dec 2021.
Charges
A charge with Citi Bank N.A. amounted to Rs. 21.00 Cr with Charge ID 100406458 was registered on 14 Dec 2020.
Charges
A charge with Citi Bank N.A. amounted to Rs. 15.00 Cr with Charge ID 100063618 was registered on 15 Nov 2016.
Charges
A charge registered on 13 Jul 2006 via Charge ID 10008914 with State Bank Of India was fully satisfied on 25 Oct 2016.
Charges
A charge with Citi Bank N.A. amounted to Rs. 18.00 Cr with Charge ID 100063617 was registered on 06 Sep 2016.
16 earlier events are in the company report.
Frequently asked questions
Narayan Organics is an active private limited company based in Ahmedabad, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 08 July 1992 (34+ years old) and is registered under CIN U24110GJ1992PTC017951.
Narayan Organics has 3 current directors:
- Purav Dahyabhai Patel - Director
- Mehul Dahyabhai Patel - Director
- Dahyabhai Narandas Patel - Director
The latest financial statements of Narayan Organics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Narayan Organics is 24AAACN5297K1Z5, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Narayan Organics is U24110GJ1992PTC017951. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narayan Organics has 33 court cases on record: 16 filed by the company and 17 filed against it. 5 are pending. Most are in the district courts.
Narayan Organics was incorporated on 08 July 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Narayan Organics has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹15.78 Cr; the latest was in March 2016.
The peers of Narayan Organics by revenue are Sicer India Private Limited, Saraf Chemicals Private Limited, K Patel Chemo-Pharma Private Limited, Soujanya Color Private Limited, Ravi Dyeware Company Private Limited and 3 more, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Jayantilal Bhogilal Patel ceased to be Director on 31 Aug 2014. Vimlaben Dahyabhai Patel ceased to be Director on 01 Sep 2011. Purav Dahyabhai Patel was appointed as Director on 24 Jun 2010. Narayan Organics has 9 board changes on record in total.
Yes, Narayan Organics is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0023413).