About Nirbhay Rasayan Pvt Ltd
Data last updated:
Nirbhay Rasayan Pvt Ltd is a private limited company based in Thane, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 06 March 1987.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1987PTC042810. Its GSTIN is 27AAACN1356M1ZB (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.79 Cr. It is led by directors Manish Shivdas Kothari and Champaklal Amrutlal Shah.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.48 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹5 Cr (net margin -339%) and EBITDA of -₹4.99 Cr (EBITDA margin -338.1%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years and 54% over five years.
The company has about 24 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹40.8 Cr and satisfied charges of ₹47.12 Cr on record. Court records list 16 cases involving the company, including 5 filed by the company and 12 filed against it; 4 cases are pending. The company has 8 deals on record (6 secondary share transfers, 2 rights issues); the latest was in October 2016. Its 3 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, 1 larger and 2 smaller; the largest is Jainsons Rotoplast Private Limited with revenue of ₹1.56 Cr.
The last known website on record is nirbhayrasayan.com.
Company details
Contact details
Nirbhay Rasayan Pvt Ltd's registered office is in Thane, Maharashtra. Its website is nirbhayrasayan.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressN – 96 MIDC, Tarapur Boisar India, Thane, Maharashtra, India – 401506
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Nirbhay Rasayan Pvt Ltd, buy the company report.
- 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
Business activity
The main business activity of Nirbhay Rasayan 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 Nirbhay Rasayan Pvt Ltd, buy the company report.
Financials of Nirbhay Rasayan Pvt Ltd
FY 2023 filings availableNirbhay Rasayan Pvt Ltd reported revenue of ₹1.48 Cr (down 75% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 54% over five years, including a 75% fall in the latest year. EBITDA rose 71% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.48 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.99 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -338.1% | ||||
| Net Profit Margin | -339% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Nirbhay Rasayan Pvt Ltd, buy the company report.
Board of directors of Nirbhay Rasayan Pvt Ltd
Nirbhay Rasayan has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Shivdas Kothari Also directs: Nirbhay Organics Private Limited | Director | 12 Oct 2010 | 16 Years 1 Months | As last reported |
| Champaklal Amrutlal Shah | Director | 12 Oct 2010 | 16 Years 1 Months | As last reported |
Peer comparison
Nirbhay Rasayan Pvt Ltd is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Jainsons Rotoplast Private Limited | ₹1.56 Cr (FY 2025) | 12.0% | Kanpur, Uttar Pradesh, India | |||
| Nirbhay Rasayan Pvt Ltdthis company | ₹1.48 Cr (FY 2023) | -₹5 Cr | -339% | -75.0% | Thane, Maharashtra, India | |
| Hyacinth Enterprises Private Limited | ₹1.38 Cr (FY 2018) | Mumbai, Maharashtra, India | ||||
| Lionskyob Products Private Limited | ₹1.38 Cr (FY 2025) | 21.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Nirbhay Rasayan Pvt Ltd, buy the company report.
Auditor
Nirbhay Rasayan Pvt Ltd is audited by P.K MUTHA & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.K MUTHA & COMPANY | FY 2023 | 106728W |
Shareholding
The shareholding of Nirbhay Rasayan 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 Nirbhay Rasayan Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Aug 2020 | 100370330 | Axis Bank Limited | ₹4.03 Cr | Open | |
| 14 Nov 2018 | 100227573 | Axis Bank Limited | ₹2 Cr | Open | |
| 16 Apr 2018 | 100181674 | Others | ₹4.34 Cr | Open | |
| 01 Oct 2016 | 100055776 | Axis Bank Limited | ₹30.43 Cr | Open | |
| 20 Jan 2015 | 10564035 | Bank of India | ₹2.8 Cr | Satisfied |
To see the full charge records of Nirbhay Rasayan Pvt Ltd, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Nirbhay Rasayan Pvt Ltd has 8 deals on record (6 secondary share transfers, 2 rights issues); the latest was in October 2016.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2016 | Rights issue | ₹2.01 Cr | Investors: 4 individuals |
| Oct 2014 | Rights issue | ₹51.4 Lakh | Investors: 4 individuals |
| Aug 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Jan 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Nirbhay Rasayan 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
Nirbhay Rasayan Pvt Ltd has 16 court cases on record: 5 filed by Nirbhay Rasayan, 12 filed against it. 4 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 9 | 4 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by Committee of Creditors of Nirbhay Rasayan Pvt Ltd and 1 other | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Nirbhay Rasayan Pvt Ltd | Disposed |
| District court, Faridabad, Haryana | Commercial suit | Filed against the company by Dhani Loans and Services Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by RBL Bank Ltd | Disposed |
| District court, South East, Delhi | Cheque dishonour complaint | Filed against the company by Moneywise Financial Services Pvt Ltd | Disposed |
To see the full case history of Nirbhay Rasayan 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 Nirbhay Rasayan Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nirbhay Rasayan has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN1356M1ZB | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nirbhay Rasayan Pvt Ltd, buy the company report.
Recent activity
Nirbhay Rasayan Pvt Ltd has 7 board changes on record since 2010: 2 appointments and 5 cessations. The latest: Kailash Thanmal Shah ceased to be Irp/Rp/Liquidator on 24 Jan 2024.
23 earlier events are in the company report.
Frequently asked questions
Nirbhay Rasayan is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Nirbhay Rasayan is a company under insolvency, formerly operating as a private limited company based in Thane, Maharashtra, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 06 March 1987 and is registered under CIN U24110MH1987PTC042810. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nirbhay Rasayan has 2 current directors:
- Manish Shivdas Kothari - Director
- Champaklal Amrutlal Shah - Director
The latest financial statements of Nirbhay Rasayan on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nirbhay Rasayan is U24110MH1987PTC042810. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirbhay Rasayan has open charges of ₹40.8 Cr and satisfied charges of ₹47.12 Cr as per latest MCA filings.
Nirbhay Rasayan has 16 court cases on record: 5 filed by the company and 12 filed against it. 4 are pending. Most are in the district courts.
Nirbhay Rasayan was incorporated on 06 March 1987. It is registered with the Registrar of Companies, Mumbai.
Nirbhay Rasayan has 8 deals on record (6 secondary share transfers, 2 rights issues); the latest was in October 2016.
The peers of Nirbhay Rasayan by revenue are Jainsons Rotoplast Private Limited, Hyacinth Enterprises Private Limited, Lionskyob Products 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).
Kailash Thanmal Shah ceased to be Irp/Rp/Liquidator on 24 Jan 2024. Dattatray Mahabaleshwar Upadhya ceased to be Director on 30 Jun 2020. Nirbhay Parasmal Kothari ceased to be Director on 05 Dec 2011. Nirbhay Rasayan has 7 board changes on record in total.
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