MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-24-0033820
Neoseal Adhesive Private Limited - manufacturing in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹123.66 Cr
▲ 7% YoY
Net profit · FY 2025
₹4.59 Cr
Net margin 3.7%
EBITDA · FY 2025
₹13.37 Cr
EBITDA margin 10.8%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹1.16 Cr
Issued & subscribed
Open charges
₹83.97 Cr
Satisfied ₹5.46 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
171
Provident fund records
About Neoseal Adhesive Private Limited
Data last updated:
Neoseal Adhesive Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the cement and cement products segment of the manufacturing sector. It was incorporated on 16 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24295GJ2011PTC066767. Its GSTIN is 24AADCN7119F1ZO (Gujarat). The company holds 7 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.16 Cr. It is led by directors including Prabhudasbhai Ranchhodbhai Patel and Kaushik Prabhudas 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 A – 323 Rajlaxmi Complex Nr. Bird Circle Old Padra Road, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2025, the company reported a revenue of ₹123.66 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹4.59 Cr (net margin 3.7%) and EBITDA of ₹13.37 Cr (EBITDA margin 10.8%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 23% over five years.
The company has about 171 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Neoseal. As per MCA filings, the company has open charges of ₹83.97 Cr and satisfied charges of ₹5.46 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 3 cases are pending. The company has 5 deals on record (5 funding rounds), with disclosed funding of ₹4.76 Cr; the latest was in December 2023. Its 3 peer companies in the Manufacturing industry (Cement and Cement Products, Specialty Chemicals), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Shri Keshav Cements and Infra Limited with revenue of ₹124.6 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 428 overdue payments to 46 micro and small suppliers.
Neoseal Adhesive Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0033820). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website neoseal.net.
Company details
CIN U24295GJ2011PTC066767
Registration Number 066767
Incorporation Date 16 August 2011
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 Medium
Udyam Registration UDYAM-GJ-24-0033820
Key People
Prabhudasbhai Ranchhodbhai Patel Director Kaushik Prabhudas Patel Director Chirag Rasiklal Amin Director Recognitions & Rankings of Neoseal Adhesive
Contact details
Neoseal Adhesive Private Limited's registered office is in Vadodara, Gujarat. Its website is neoseal.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 323 Rajlaxmi Complex Nr. Bird Circle Old Padra Road, Vadodara, Gujarat, India – 390007
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of Neoseal Adhesive Private Limited, buy the company report.
Comprehensive company report
Neoseal Adhesive 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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Brands
Neoseal Adhesive operates one associated brand: Neoseal. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of solvent cements, adhesives, and construction chemicals for plumbing and industrial applications. | neoseal.net |
Business activity
The main business activity of Neoseal Adhesive is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Neoseal Adhesive Private Limited, buy the company report.
Financials of Neoseal Adhesive Private Limited
FY 2025 filings availableNeoseal Adhesive Private Limited reported revenue of ₹123.66 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹123.66 Cr ▲ 7%
Net profit · FY 2025
₹4.59 Cr margin 3.7%
EBITDA · FY 2025
₹13.37 Cr margin 10.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 21%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▲ 56%
3 years · compounded
▲ 52%
5 years · compounded
▲ 20%
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 7% growth in the latest year. EBITDA rose 56% 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 | ₹13.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.59 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 | 10.8% | ||||
| Net Profit Margin | 3.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Neoseal Adhesive Private Limited, buy the company report.
Board of directors of Neoseal Adhesive Private Limited
Neoseal Adhesive has 3 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 |
|---|---|---|---|---|
| Prabhudasbhai Ranchhodbhai Patel | Director | 16 Aug 2011 | 15 Years 2 Months | Current |
| Kaushik Prabhudas Patel | Director | 16 Aug 2011 | 15 Years 2 Months | Current |
| Chirag Rasiklal Amin | Director | 26 Nov 2013 | 12 Years 11 Months | Current |
Peer comparison
Neoseal Adhesive Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Cement and Cement Products, Specialty Chemicals), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shri Keshav Cements and Infra Limited | ₹124.6 Cr (FY 2025) | -3.0% | Belgaum, Karnataka, India | |||
| Neoseal Adhesive Private Limitedthis company | ₹123.66 Cr (FY 2025) | ₹4.59 Cr | 3.7% | 7.0% | 171 | Vadodara, Gujarat, India |
| Keerthi Industries Limited | ₹122.23 Cr (FY 2025) | -43.0% | Hyderabad, Telangana, India | |||
| Versatile Bonds Private Limited | ₹120.27 Cr (FY 2025) | -17.0% | New Delhi, Delhi, India |
To see the full peer comparison of Neoseal Adhesive Private Limited, buy the company report.
Auditor
Neoseal Adhesive Private Limited is audited by C I Shah & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C I Shah & Co | FY 2023 | 111862W |
Shareholding
The shareholding of Neoseal Adhesive Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neoseal Adhesive Private Limited, buy the company report.
Charges & borrowings
Open charges
₹83.97 Cr
Satisfied charges
₹5.46 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Nov 2023 | 100839572 | Hdfc Bank Limited | ₹22.91 Lakh | Open | |
| 17 Feb 2023 | 100685845 | State Bank of India | ₹41.21 Cr | Open | |
| 21 Jan 2023 | 100682418 | State Bank of India | ₹42.53 Cr | Open | |
| 28 Oct 2020 | 100391320 | Others | ₹46.5 Lakh | Satisfied | |
| 18 Feb 2013 | 10443089 | Others | ₹2.5 Cr | Satisfied |
To see the full charge records of Neoseal Adhesive Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Neoseal Adhesive Private Limited has 5 deals on record (5 funding rounds), with disclosed funding of ₹4.76 Cr; the latest was in December 2023.
Total deals
5
Funding rounds
5
Disclosed funding
₹4.76 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Funding round | ₹2 Cr | Investors: 2 individuals |
| Aug 2021 | Funding round | ₹1.61 Cr | Investors: 2 individuals |
| Jan 2017 | Funding round | ₹43.9 Lakh | Investors: 2 individuals |
| Sep 2015 | Funding round | ₹6.5 Lakh | Investors: an individual |
| Jan 2013 | Funding round | ₹64.6 Lakh | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Neoseal Adhesive Private Limited has 5 court cases on record: 2 filed by Neoseal Adhesive, 3 filed against it. 3 cases are pending and 2 are disposed.
Total cases
5
Filed by the company
2
Filed against the company
3
Pending
3
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 3 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against M/S Sri Durga Sanitary | Pending |
| District court, Buldhana, Maharashtra | Civil suit | Filed against the company by State of Maharashtra, Inspector of Legal Metrology | Pending |
| District court, Washim, Maharashtra | Civil suit | Filed against the company by State of Maharashtra Thro. Legal Metrology | Pending |
| District court, Vadodara, Gujarat | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Ahmednagar, Maharashtra | Civil suit | Filed against the company by The State Legal Metrology | Disposed |
To see the full case history of Neoseal Adhesive 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
Neoseal Adhesive Private Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 428 overdue payments to 46 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 46)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Oscar Chemicals Pvt Ltd | |||
| Procam Flexoprints Private Limited | |||
| Enngees Intra Chem | |||
| an individual supplier |
To see the full MSME payment records of Neoseal Adhesive Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Neoseal Adhesive Private Limited has a workforce of 171 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
171
Active EPFO establishments
1
Employee growth
15.54%
GST
Neoseal Adhesive has 7 GST registrations: 6 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
6
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCN7119F1ZO | Gujarat | Active | 01 Jul 2017 |
| 09AADCN7119F1ZG | Uttar Pradesh | Active | 02 Jan 2020 |
| 27AADCN7119F1ZI | Maharashtra | Active | 01 Jun 2021 |
| 29AADCN7119F1ZE | Karnataka | Active | 18 Sep 2021 |
To see the full GST registrations and return filing status of Neoseal Adhesive Private Limited, buy the company report.
Recent activity
Neoseal Adhesive Private Limited has 4 board changes on record since 2011: 3 appointments and 1 cessation. The latest: Chirag Rasiklal Amin ceased to be Additional Director on 30 Sep 2014.
AGM
Neoseal Adhesive Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with State Bank Of India of Rs. 42.53 Cr registered on 21 Jan 2023 with Charge ID 100682418 was modified on 24 Sep 2025.
Filing
Neoseal Adhesive Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with State Bank Of India of Rs. 41.21 Cr registered on 17 Feb 2023 with Charge ID 100685845 was modified on 19 Dec 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.23 Cr with Charge ID 100839572 was registered on 09 Nov 2023.
Charges
A charge registered on 28 Oct 2020 via Charge ID 100391320 with Others was fully satisfied on 27 Feb 2023.
Charges
A charge registered on 18 Feb 2013 via Charge ID 10443089 with Others was fully satisfied on 27 Feb 2023.
Charges
A charge registered on 18 Feb 2013 via Charge ID 10442847 with Others was fully satisfied on 27 Feb 2023.
Charges
A charge with State Bank Of India amounted to Rs. 41.21 Cr with Charge ID 100685845 was registered on 17 Feb 2023.
Charges
A charge with State Bank Of India amounted to Rs. 42.53 Cr with Charge ID 100682418 was registered on 21 Jan 2023.
Charges
A charge with Others amounted to Rs. 0.47 Cr with Charge ID 100391320 was registered on 28 Oct 2020.
Charges
A charge with Others of Rs. 2.50 Cr registered on 18 Feb 2013 with Charge ID 10442847 was modified on 29 Dec 2017.
8 earlier events are in the company report.
Frequently asked questions
Neoseal Adhesive is an active private limited company based in Vadodara, Gujarat, India. The company works in cement and cement products, within the manufacturing industry. It was incorporated on 16 August 2011 (15+ years old) and is registered under CIN U24295GJ2011PTC066767.
Neoseal Adhesive has 3 current directors:
- Prabhudasbhai Ranchhodbhai Patel - Director
- Kaushik Prabhudas Patel - Director
- Chirag Rasiklal Amin - Director
The latest financial statements of Neoseal Adhesive 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 Neoseal Adhesive is 24AADCN7119F1ZO, registered in Gujarat. The company has 7 GST registrations in all, of which 6 are active and 1 is cancelled or inactive. Other active GSTINs include 09AADCN7119F1ZG (Uttar Pradesh), 27AADCN7119F1ZI (Maharashtra), 29AADCN7119F1ZE (Karnataka).
The CIN (Corporate Identification Number) of Neoseal Adhesive is U24295GJ2011PTC066767. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neoseal Adhesive has 5 court cases on record: 2 filed by the company and 3 filed against it. 3 are pending.
Neoseal Adhesive was incorporated on 16 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Neoseal Adhesive has 5 deals on record (5 funding rounds), with disclosed funding of ₹4.76 Cr; the latest was in December 2023.
The peers of Neoseal Adhesive by revenue are Shri Keshav Cements and Infra Limited, Keerthi Industries Limited, Versatile Bonds Private Limited, all in the Manufacturing industry (Cement and Cement Products, Specialty Chemicals), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Chirag Rasiklal Amin ceased to be Additional Director on 30 Sep 2014. Chirag Rasiklal Amin was appointed as Director on 26 Nov 2013. Kaushik Prabhudas Patel was appointed as Director on 16 Aug 2011. Neoseal Adhesive has 4 board changes on record in total.
Yes, Neoseal Adhesive is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-24-0033820).
Neoseal Adhesive has 7 MSME Form 1 returns on record between 2019 and 2023, listing 428 overdue payments to 46 micro and small suppliers. The latest return was filed on 29 Aug 2023.
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