About Neev Resources Private Limited
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Neev Resources Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 15 May 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1997PTC108070. Its GSTIN is 27AAECS7752C1ZB (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Sincere Distributors Private Limited. It is led by directors including Shashi Amarchand Dalmia and Piyush Kumar.
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 16 Unique Industrial Estate, V.S. Marg Prabhadevi Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2024, the company reported a revenue of ₹48.5 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹31.68 Lakh (net margin 0.7%) and EBITDA of ₹85.59 Lakh (EBITDA margin 1.8%). Revenue has grown at a compounded annual rate (CAGR) of 339% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website neevgroup.co.in.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address16 Unique Industrial Estate, V.S. Marg Prabhadevi Mumbai, Maharashtra, India – 400025
- IndustryChemicals and Materials, Chemical Distribution & Retail
- 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
- One PDF report, delivered after checkout
Business Activity of Neev Resources Private Limited
The main business activity of Neev Resources is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Neev Resources Private Limited FY 2025 filings available
Neev Resources Private Limited reported revenue of ₹48.5 Cr (up 21% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Neev Resources Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 339% over five years, including 21% growth in the latest year. EBITDA fell 55% 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 of Neev Resources Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹85.59 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹31.68 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 of Neev Resources Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Neev Resources are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Neev Resources Private Limited
Neev Resources Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Chemical Retail and Distribution, Recycling and Waste Treatment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mersaco Chemicals Private Limited | ₹48.92 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Mumbai, Maharashtra, India |
| New India Colour Company Limited | ₹48.86 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Delhi, India |
| Hyretail Technologies Private Limited | ₹48.85 Cr (FY 2023) | •••• | •••• | 8788.0% | •••• | Faridabad, Haryana, India |
| Organic Recycling Systems Limited | ₹48.73 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Thane, Maharashtra, India |
| Abc Chemicals Private Limited | ₹48.68 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Neev Resources Private Limited this company | ₹48.5 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Mumbai, Maharashtra, India |
| Rajdeep Associates Marketing Private Limited | ₹48.36 Cr (FY 2025) | •••• | •••• | 333.0% | •••• | Medchal, Telangana, India |
| Kanchan Addchem Private Limited | ₹48.27 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | New Delhi, Delhi, India |
| Vasavi Lubricants Private Limited | ₹48.22 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Bangalore, Karnataka, India |
| Wardha Coal Transport Private Limited | ₹48.15 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| Veer Hanuman Developers Private Limited | ₹48.08 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Neev Resources by revenue in the Cleantech industry (Chemical Retail and Distribution, Recycling and Waste Treatment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Neev Resources Private Limited
Neev Resources Private Limited is audited by Vinod S Mehta & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Vinod S Mehta & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Neev Resources Private Limited
Neev Resources has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashi Amarchand Dalmia Also directs: Neev Sustainable Technologies Private Limited | Director | 03 Aug 2021 | 5 Years 2 Months | Current |
| Piyush Kumar | Director | 21 Jul 2023 | 3 Years 2 Months | Current |
| Rohith Satish Shorewala | Director | 10 Dec 2000 | 25 Years 10 Months | Current |
Ownership and Shareholding of Neev Resources Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Neev Resources Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Aug 2024 | Standard Chartered Bank | ₹1 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Neev Resources Private Limited
Neev Resources Private Limited has a workforce of 22 employees as of Jun 27, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Neev Resources Private Limited
Neev Resources Private Limited has 7 board changes on record since 2000: 3 appointments and 4 cessations. The latest: Piyush . Kumar ceased to be Additional Director on 29 Sep 2023.
Credit Ratings, Litigation & Regulatory Alerts for Neev Resources Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Neev Resources Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Neev Resources Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Neev Resources Private Limited
Neev Resources has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECS7752C1ZB | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Neev Resources Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Neev Resources Private Limited
Neev Resources is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 15 May 1997 (29+ years old) and is registered under CIN U51900MH1997PTC108070.
Neev Resources reported revenue of ₹48.5 Cr for FY 2024 (up 21% YoY).
Neev Resources has 3 current directors:
- Shashi Amarchand Dalmia - Director
- Piyush Kumar - Director
- Rohith Satish Shorewala - Director
Neev Resources reported a net profit of ₹31.68 Lakh (net margin 0.7%) and EBITDA of ₹85.59 Lakh (EBITDA margin 1.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Neev Resources is 339% over five years. In the latest year (FY 2024) revenue rose 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Neev Resources is 27AAECS7752C1ZB, registered in Maharashtra.
The CIN (Corporate Identification Number) of Neev Resources is U51900MH1997PTC108070. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neev Resources was incorporated on 15 May 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Neev Resources by revenue are Mersaco Chemicals Private Limited, New India Colour Company Limited, Hyretail Technologies Private Limited, Organic Recycling Systems Limited, Abc Chemicals Private Limited and 5 more, all in the Cleantech industry (Chemical Retail and Distribution, Recycling and Waste Treatment).
Piyush . Kumar ceased to be Additional Director on 29 Sep 2023. Piyush Kumar was appointed as Director on 21 Jul 2023. Sandeep Raju Patil ceased to be Additional Director on 30 Sep 2021. Neev Resources has 7 board changes on record in total.
Neev Resources can be reached through the website neevgroup.co.in. Its registered office is in Mumbai, Maharashtra, India.