India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,608 Dineshbhai D. Patel & family ₹1,200 Cr
Revenue · FY 2025
₹1,116.01 Cr
▲ 57% YoY
Net profit · FY 2025
₹61.56 Cr
Net margin 5.5%
EBITDA · FY 2025
₹108.55 Cr
EBITDA margin 9.7%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹15.91 Cr
Issued & subscribed
Open charges
₹2,144 Cr
Satisfied ₹307.08 Cr
Company age
25 yrs
Est. 2001
Employees · EPFO
175
Provident fund records
About Narmada Bio-Chem Limited
Data last updated:
Narmada Bio-Chem Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the fertilizers and soil enhancers segment of the agriculture sector. It was incorporated on 07 February 2001 and has been in existence for over 25 years.
Its director Dineshbhai D. Patel and family are #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24219GJ2001PLC039235. Its GSTIN is 24AABCN4107F1Z0 (Gujarat). The company holds 13 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹15.91 Cr. It was formerly known as Narmada Bio-Chem Private Limited. It is led by directors including Dineshbhai Patel (Managing Director) and Bhavnaben Dineshbhai Patel.
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 Narmadahouse Plotno.252 Tpno.50 Nrsunbuilders Sindhubhavanroad Bodakdev, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,116.01 Cr, a growth of 57% compared to the previous year. For the same year it recorded a net profit of ₹61.56 Cr (net margin 5.5%) and EBITDA of ₹108.55 Cr (EBITDA margin 9.7%).
The company has about 175 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Nbclindia and National Organic Fertilizer. As per MCA filings, the company has open charges of ₹2,144 Cr and satisfied charges of ₹307.08 Cr on record. Court records list 235 cases involving the company, including 158 filed by the company and 77 filed against it; 93 cases are pending. The company has 17 deals on record (11 secondary share transfers, 6 funding rounds), with disclosed funding of ₹26.32 Cr; the latest was in April 2019. Its 6 peer companies in the Agriculture industry (Fertilizers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 3 smaller; the largest is GSP Crop Science Limited with revenue of ₹1,301.06 Cr. The company has 21 MSME Form 1 returns on record between 2018 and 2024, listing 915 overdue payments to 72 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 noforganic.com.
Company details
CIN U24219GJ2001PLC039235
Registration Number 039235
Incorporation Date 07 February 2001
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Narmada Bio-Chem has one previous CIN (Corporate Identification Number): U24219GJ2001PTC039235. The current CIN is U24219GJ2001PLC039235, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24219GJ2001PLC039235 | Current |
| U24219GJ2001PTC039235 | Previous |
Key People
Dineshbhai Patel Managing Director Bhavnaben Dineshbhai Patel Director Sanjay Dhirubhai Kumbhani Director Recognitions & Rankings of Narmada Bio-Chem
Contact details
Narmada Bio-Chem Limited's registered office is in Ahmedabad, Gujarat. Its website is noforganic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNarmadahouse Plotno.252 Tpno.50 Nrsunbuilders Sindhubhavanroad Bodakdev, Ahmedabad, Gujarat, India – 380054
- IndustryAgriculture, Fertilizers & Soil Enhancers
To see the full contact details of Narmada Bio-Chem Limited, buy the company report.
Comprehensive company report
Narmada Bio-Chem 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
Narmada Bio-Chem operates two associated brands: Nbclindia and National Organic Fertilizer. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures organic, bio, and chemical fertilizers for agricultural enhancement. | nbclindia.com | |
| Manufactures organic fertilizer. | noforganic.com |
Business activity
The main business activity of Narmada Bio-Chem 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 Narmada Bio-Chem Limited, buy the company report.
Financials of Narmada Bio-Chem Limited
FY 2025 filings availableNarmada Bio-Chem Limited reported revenue of ₹1,116.01 Cr (up 57% YoY) for FY 2025.
Revenue · FY 2025
₹1,116.01 Cr ▲ 57%
Net profit · FY 2025
₹61.56 Cr margin 5.5%
EBITDA · FY 2025
₹108.55 Cr margin 9.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 57%
EBITDA CAGR growth
1 year
▲ 91%
Revenue rose 57% in the latest year. EBITDA rose 91% in the latest 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 | ₹1,116.01 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹108.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹61.56 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 | 9.7% | ||||
| Net Profit Margin | 5.5% | ||||
| 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 Narmada Bio-Chem Limited, buy the company report.
Board of directors of Narmada Bio-Chem Limited
Narmada Bio-Chem has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavnaben Dineshbhai Patel Also directs: NBCL Charitable Foundation | Director | 02 Sep 2015 | 11 Years 2 Months | Current |
| Dineshbhai Patel Also directs: Nevan Pharmaceuticals LLP, Narmada Organics Private Limited, Narmada Global-Agro Fertiliser Private Limited and 3 more | Managing Director | 07 Feb 2001 | 25 Years 8 Months | Current |
| Sanjay Dhirubhai Kumbhani | Director | 01 Apr 2018 | 8 Years 7 Months | Current |
| Jignesh Amrutlal Dhaduk | Director | 01 Jun 2018 | 8 Years 5 Months | Current |
| Vinubhai Pragjibhai Ramani | Director | 07 Jan 2026 | 0 Years 9 Months | Current |
| Himalay Sanjaybhai Kumbhani Also directs: Narmada Greenwave Private Limited | Director | 28 Jun 2023 | 3 Years 4 Months | Current |
Peer comparison
Narmada Bio-Chem Limited is compared with the 6 companies closest to it by revenue in the Agriculture industry (Fertilizers), 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 |
|---|---|---|---|---|---|---|
| GSP Crop Science Limited | ₹1,301.06 Cr (FY 2025) | 12.0% | Ahmedabad, Gujarat, India | |||
| SML Limited | ₹1,214.37 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Hemani Industries Limited | ₹1,166.06 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Narmada Bio-Chem Limitedthis company | ₹1,116.01 Cr (FY 2025) | ₹61.56 Cr | 5.5% | 57.0% | 175 | Ahmedabad, Gujarat, India |
| Zuari Farmhub Limited | ₹1,110.19 Cr (FY 2025) | 41.0% | Zuaringar, Goa, India | |||
| Madhya Bharat Agro Products Limited | ₹1,070.41 Cr (FY 2025) | 29.0% | Bhilwara, Rajasthan, India | |||
| Indian Phosphate Limited | ₹885.84 Cr (FY 2025) | 23.0% | Udaipur, Rajasthan, India |
To see the full peer comparison of Narmada Bio-Chem Limited, buy the company report.
Auditor
Narmada Bio-Chem Limited is audited by Surana Maloo & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Surana Maloo & Co. | FY 2024 | 112171W |
Shareholding
The shareholding of Narmada Bio-Chem 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 Narmada Bio-Chem Limited, buy the company report.
Charges & borrowings
Open charges
₹2,144 Cr
Satisfied charges
₹307.08 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2026 | 101344326 | Hdfc Bank Limited | ₹100 Cr | Open | |
| 21 Apr 2026 | 101277720 | Sbicap Trustee Company Limited | ₹479 Cr | Open | |
| 10 Oct 2025 | 101177833 | Others | ₹75 Cr | Open | |
| 21 Dec 2024 | 101030536 | Axis Bank Limited | ₹105 Cr | Open | |
| 15 Nov 2024 | 101012774 | Others | ₹110 Cr | Open |
To see the full charge records of Narmada Bio-Chem Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Narmada Bio-Chem Limited has 17 deals on record (11 secondary share transfers, 6 funding rounds), with disclosed funding of ₹26.32 Cr; the latest was in April 2019.
Total deals
17
Secondary share transfers
11
Funding rounds
6
Disclosed funding
₹26.32 Cr
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2013 | Funding round | ₹15.6 Cr | Investors: Adeshwar Distributors Private Limited |
| Mar 2012 | Funding round | ₹1.72 Cr | Investors: Narmada Organics Private Limited , Narmada Global Bio-Chem Fertilizers Private Limited, 2 individuals |
| Mar 2011 | Funding round | ₹5.98 Cr | Investors: Narmada Organics Private Limited , 3 individuals |
| Dec 2009 | Secondary share transfer | Undisclosed | Buyer: Narmada Organics Private Limited , Rameshbhai Jinabhai Patel HUF, 2 individuals Seller: Rameshbhai Z Patel HUF, Dhanvidhya Finance Investment Coun. Ser. Private Limited, 2 individuals |
To see the full deal history of Narmada Bio-Chem 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
Narmada Bio-Chem Limited has 235 court cases on record: 158 filed by Narmada Bio-Chem, 77 filed against it. 93 cases are pending and 142 are disposed.
Total cases
235
Filed by the company
158
Filed against the company
77
Pending
93
Disposed
142
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 218 | 71 | 83 |
| High courts | 16 | 5 | 10 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 235)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against , Ahmedabad and 2 others | Pending |
| Bombay High Court | Court case (APL) | Filed against the company by M/S Deepak Fertilisers and Petrochemicals Coporation Ltd Ana Anar | Pending |
| Bombay High Court | Court case (APPP) | Filed against the company by M/S Deepak Fertilisers and Petrochemicals Coporation Ltd Ana Anar | Pending |
| High Court of Gujarat | Court case (CR.RA) | Filed against the company by an individual | Pending |
| District court, Dhule, Maharashtra | Court case (R.C.C.) | Filed against the company by State of Maharashtra Represendt by Vishal Laxman More | Pending |
To see the full case history of Narmada Bio-Chem 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
Narmada Bio-Chem Limited was last rated by Care on 15 Feb 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 15 Feb 2023 |
To see the full credit ratings and regulatory alerts of Narmada Bio-Chem Limited, buy the company report.
MSME payment delays
Narmada Bio-Chem Limited has 21 MSME Form 1 returns on record between 2018 and 2024, listing 915 overdue payments to 72 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 72)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Raja Roadways | |||
| Western Chemicals | |||
| an individual supplier | |||
| Jalgaon Golden Transport Pvt.Ltd. | |||
| Shital Chemex Private Limited |
To see the full MSME payment records of Narmada Bio-Chem Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Narmada Bio-Chem Limited has a workforce of 175 employees on its EPFO records as of Mar 01, 2025, across 1 active EPFO establishment.
Employee count
175
Active EPFO establishments
1
Employee growth
2.34%
GST
Narmada Bio-Chem has 13 GST registrations: 13 active. The first 4 active GSTINs are listed below.
Total GSTINs
13
Active
13
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCN4107F1Z0 | Gujarat | Active | 01 Jul 2017 |
| 03AABCN4107F1Z4 | Punjab | Active | 01 Jul 2017 |
| 06AABCN4107F1ZY | Haryana | Active | 01 Jul 2017 |
| 08AABCN4107F1ZU | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Narmada Bio-Chem Limited, buy the company report.
Recent activity
Narmada Bio-Chem Limited has 16 board changes on record since 2001: 6 appointments and 10 cessations. The latest: Vinubhai Pragjibhai Ramani was appointed as Director on 07 Jan 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 100.00 Cr with Charge ID 101344326 was registered on 07 Jul 2026.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 479.00 Cr with Charge ID 101277720 was registered on 21 Apr 2026.
Charges
A charge with Others of Rs. 115.00 Cr registered on 06 Sep 2023 with Charge ID 100788899 was modified on 10 Apr 2026.
Charges
A charge registered on 10 Mar 2025 via Charge ID 101061911 with Citi Bank N.A. was fully satisfied on 02 Apr 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 770.00 Cr registered on 08 Nov 2023 with Charge ID 100807881 was modified on 28 Mar 2026.
Charges
A charge with Yes Bank Limited of Rs. 135.00 Cr registered on 21 Jun 2023 with Charge ID 100759456 was modified on 11 Mar 2026.
Charges
A charge with Axis Bank Limited of Rs. 105.00 Cr registered on 21 Dec 2024 with Charge ID 101030536 was modified on 18 Feb 2026.
Appointed
Vinubhai Pragjibhai Ramani was appointed as Director.
Charges
A charge with Others amounted to Rs. 75.00 Cr with Charge ID 101177833 was registered on 10 Oct 2025.
AGM
Narmada Bio-Chem Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 80.00 Cr registered on 13 Oct 2023 with Charge ID 100807049 was modified on 30 Aug 2025.
Charges
A charge with Others of Rs. 110.00 Cr registered on 15 Nov 2024 with Charge ID 101012774 was modified on 31 Jul 2025.
47 earlier events are in the company report.
Frequently asked questions
Narmada Bio-Chem is an active public limited company based in Ahmedabad, Gujarat, India. The company works in fertilizers and soil enhancers, within the agriculture industry. It was incorporated on 07 February 2001 (25+ years old) and is registered under CIN U24219GJ2001PLC039235.
Narmada Bio-Chem has 6 current directors:
- Dineshbhai Patel - Managing Director
- Bhavnaben Dineshbhai Patel - Director
- Sanjay Dhirubhai Kumbhani - Director
- Jignesh Amrutlal Dhaduk - Director
- Vinubhai Pragjibhai Ramani - Director
- Himalay Sanjaybhai Kumbhani - Director
The latest financial statements of Narmada Bio-Chem 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 Narmada Bio-Chem is 24AABCN4107F1Z0, registered in Gujarat. The company has 13 GST registrations in all, of which 13 are active. Other active GSTINs include 03AABCN4107F1Z4 (Punjab), 06AABCN4107F1ZY (Haryana), 08AABCN4107F1ZU (Rajasthan).
The CIN (Corporate Identification Number) of Narmada Bio-Chem is U24219GJ2001PLC039235. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narmada Bio-Chem has 235 court cases on record: 158 filed by the company and 77 filed against it. 93 are pending. Most are in the district courts.
Narmada Bio-Chem was incorporated on 07 February 2001, making it 25+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Narmada Bio-Chem has 17 deals on record (11 secondary share transfers, 6 funding rounds), with disclosed funding of ₹26.32 Cr; the latest was in April 2019.
The peers of Narmada Bio-Chem by revenue are GSP Crop Science Limited, SML Limited, Hemani Industries Limited, Zuari Farmhub Limited, Madhya Bharat Agro Products Limited and 1 more, all in the Agriculture industry (Fertilizers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Vinubhai Pragjibhai Ramani was appointed as Director on 07 Jan 2026. Himalay Sanjaybhai Kumbhani ceased to be Additional Director on 29 Sep 2023. Sheo Naik Singh ceased to be Additional Director on 29 Sep 2023. Narmada Bio-Chem has 16 board changes on record in total.
Narmada Bio-Chem has 21 MSME Form 1 returns on record between 2018 and 2024, listing 915 overdue payments to 72 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Narmada Bio-Chem can be reached through the website noforganic.com. Its registered office is in Ahmedabad, Gujarat, India.
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