MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-06-0006095
Neel Pigments Private Limited - chemicals and materials in Ankleshwar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹29.4 Cr
▲ 41% YoY
Net profit · FY 2025
₹85.59 Lakh
Net margin 2.9%
EBITDA · FY 2025
₹1.48 Cr
EBITDA margin 5%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.07 Cr
Issued & subscribed
Open charges
₹93.99 Cr
Satisfied ₹9.87 Cr
Company age
21 yrs
Est. 2005
Directors on board
2
As per MCA filings
About Neel Pigments Private Limited
Data last updated:
Neel Pigments Private Limited is a private limited company based in Ankleshwar, Gujarat, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 23 June 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24110GJ2005PTC046313. Its GSTIN is 24AACCN1996M1Z1 (Gujarat).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.07 Cr. It is led by directors Vipulbhai Vallabhbhai Gajera (Managing Director) and Ghanshyambhai Vallabhbhai Gajera.
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 Plot No 3442 Gidcindustrial Estate, Ankleshwar, Gujarat, India – 393002.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.4 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹85.59 Lakh (net margin 2.9%) and EBITDA of ₹1.48 Cr (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹93.99 Cr and satisfied charges of ₹9.87 Cr on record. Court records list 9 cases involving the company, including 9 filed against it; 1 case is pending.
Neel Pigments Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-06-0006095). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nilkanthgroup.co.in.
Company details
CIN U24110GJ2005PTC046313
Registration Number 046313
Incorporation Date 23 June 2005
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
MSME Classification Small
Udyam Registration UDYAM-GJ-06-0006095
Recognitions & Rankings of Neel Pigments
Contact details
Neel Pigments Private Limited's registered office is in Ankleshwar, Gujarat. Its website is nilkanthgroup.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 3442 Gidcindustrial Estate, Ankleshwar, Gujarat, India – 393002
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Neel Pigments Private Limited, buy the company report.
Comprehensive company report
Neel Pigments Private 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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Business activity
The main business activity of Neel Pigments 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 Neel Pigments Private Limited, buy the company report.
Financials of Neel Pigments Private Limited
FY 2025 filings availableNeel Pigments Private Limited reported revenue of ₹29.4 Cr (up 41% YoY) for FY 2025.
Revenue · FY 2025
₹29.4 Cr ▲ 41%
Net profit · FY 2025
₹85.59 Lakh margin 2.9%
EBITDA · FY 2025
₹1.48 Cr margin 5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 3%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 31%
3 years · compounded
▼ 13%
5 years · compounded
▼ 14%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 41% growth in the latest year. EBITDA rose 31% 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 | ₹1.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹85.59 Lakh | ||||
| 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 | 5% | ||||
| Net Profit Margin | 2.9% | ||||
| 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 Neel Pigments Private Limited, buy the company report.
Board of directors of Neel Pigments Private Limited
Neel Pigments has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ghanshyambhai Vallabhbhai Gajera | Director | 23 Jun 2005 | 21 Years 4 Months | Current |
| Vipulbhai Vallabhbhai Gajera Also directs: Shiva Dyestuff Private Limited, Vishrudh Organics Private Limited, Nilkanth Organics Private Limited and 5 more | Managing Director | 23 Jun 2005 | 21 Years 4 Months | Current |
Peer comparison
Neel Pigments Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Bhagwati Organics Private Limited | ₹30.1 Cr (FY 2025) | -21.0% | Ahmedabad, Gujarat, India | |||
| Techno Print Chemicals Private Limited | ₹29.42 Cr (FY 2024) | -1.0% | Bengaluru, Karnataka, India | |||
| Neel Pigments Private Limitedthis company | ₹29.4 Cr (FY 2025) | ₹85.59 Lakh | 2.9% | 41.0% | Ankleshwar, Gujarat, India | |
| Colortek (India) Private Limited | ₹29.23 Cr (FY 2025) | 8.0% | Valsad, Gujarat, India | |||
| RSDC Industries Private Limited | ₹29.22 Cr (FY 2025) | -11.0% | Gujarat, India | |||
| Raghunath Dyechem Private Limited | ₹29.12 Cr (FY 2024) | -1.0% | Telangana, India |
To see the full peer comparison of Neel Pigments Private Limited, buy the company report.
Auditor
Neel Pigments Private Limited is audited by CHIRAG TAMBEDIA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHIRAG TAMBEDIA & CO. | FY 2023 | 101849W |
Shareholding
The shareholding of Neel Pigments 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 Neel Pigments Private Limited, buy the company report.
Charges & borrowings
Open charges
₹93.99 Cr
Satisfied charges
₹9.87 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jun 2022 | 100585794 | Others | ₹40 Cr | Open | |
| 08 Jun 2022 | 100595262 | Hdfc Bank Limited | ₹51.41 Cr | Open | |
| 25 Apr 2022 | 100566694 | Hdfc Bank Limited | ₹2.58 Cr | Open | |
| 20 Dec 2019 | 100310830 | Others | ₹4.59 Cr | Satisfied | |
| 16 Mar 2006 | 80033432 | Bank of Baroda | ₹2.64 Cr | Satisfied |
To see the full charge records of Neel Pigments Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Neel Pigments Private Limited has 9 court cases on record: 9 filed against it. 1 case is pending and 8 are disposed.
Total cases
9
Filed against the company
9
Pending
1
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 8 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (2 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by M/S. Leo Chemo Plast Pvt Ltd Through Shri Rishikesh Maruti Pokale | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by Commissioner of Customs and Central Excise , | Disposed |
To see the full case history of Neel Pigments 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
Neel Pigments Private Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 25 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shraddha Industries | |||
| an individual supplier | |||
| an individual supplier | |||
| Rutain Plastic Industries | |||
| Parikh Enterprises Private Limited |
To see the full MSME payment records of Neel Pigments Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Neel Pigments has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCN1996M1Z1 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neel Pigments Private Limited, buy the company report.
Recent activity
Neel Pigments Private Limited has 3 board changes on record since 2005: 2 appointments and 1 cessation. The latest: Vipulbhai Vallabhbhai Gajera ceased to be Director on 25 Jun 2012.
AGM
Neel Pigments Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Neel Pigments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 2.58 Cr registered on 25 Apr 2022 with Charge ID 100566694 was modified on 17 Sep 2022.
Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 100585794 was registered on 08 Jun 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 51.41 Cr with Charge ID 100595262 was registered on 08 Jun 2022.
Charges
A charge registered on 20 Dec 2019 via Charge ID 100310830 with Others was fully satisfied on 04 May 2022.
Charges
A charge registered on 16 Mar 2006 via Charge ID 80033432 with Bank Of Baroda was fully satisfied on 27 Apr 2022.
Charges
A charge registered on 16 Mar 2006 via Charge ID 80033433 with Bank Of Baroda was fully satisfied on 27 Apr 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.58 Cr with Charge ID 100566694 was registered on 25 Apr 2022.
Charges
A charge with Bank Of Baroda of Rs. 2.64 Cr registered on 16 Mar 2006 with Charge ID 80033433 was modified on 11 Nov 2020.
Charges
A charge with Others of Rs. 4.59 Cr registered on 20 Dec 2019 with Charge ID 100310830 was modified on 02 Nov 2020.
Charges
A charge with Bank Of Baroda of Rs. 2.64 Cr registered on 16 Mar 2006 with Charge ID 80033432 was modified on 09 Jun 2020.
7 earlier events are in the company report.
Frequently asked questions
Neel Pigments is an active private limited company based in Ankleshwar, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 23 June 2005 (21+ years old) and is registered under CIN U24110GJ2005PTC046313.
Neel Pigments has 2 current directors:
- Vipulbhai Vallabhbhai Gajera - Managing Director
- Ghanshyambhai Vallabhbhai Gajera - Director
The latest financial statements of Neel Pigments 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 Neel Pigments is 24AACCN1996M1Z1, registered in Gujarat.
The CIN (Corporate Identification Number) of Neel Pigments is U24110GJ2005PTC046313. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neel Pigments has 9 court cases on record: 9 filed against it. 1 is pending. Most are in the high courts.
Neel Pigments was incorporated on 23 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Neel Pigments by revenue are Bhagwati Organics Private Limited, Techno Print Chemicals Private Limited, Colortek (India) Private Limited, RSDC Industries Private Limited, Raghunath Dyechem Private Limited, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Vipulbhai Vallabhbhai Gajera ceased to be Director on 25 Jun 2012. Ghanshyambhai Vallabhbhai Gajera was appointed as Director on 23 Jun 2005. Vipulbhai Vallabhbhai Gajera was appointed as Managing Director on 23 Jun 2005.
Yes, Neel Pigments is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-06-0006095).
Neel Pigments has 8 MSME Form 1 returns on record between 2019 and 2023, listing 25 overdue payments to 9 micro and small suppliers. The latest return was filed on 26 Aug 2023.
Neel Pigments can be reached through the website nilkanthgroup.co.in. Its registered office is in Ankleshwar, Gujarat, India.
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