India's Richest People 2026 edition · 1 director · Source: Hurun India
- #85 Karsanbhai Patel & family ₹36,600 Cr
Revenue · FY 2024
₹21.73 Lakh
▼ 94% YoY
Net profit · FY 2024
₹7.95 Lakh
Net margin 36.6%
EBITDA · FY 2024
₹8.8 Lakh
EBITDA margin 40.5%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹51.95 Cr
Satisfied ₹400 Cr
Company age
47 yrs
Est. 1979
Directors on board
2
As per MCA filings
About Nirma Industries Private Limited
Data last updated:
Nirma Industries Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 31 December 1979 and has been in existence for over 47 years.
Its director Karsanbhai Patel and family are #85 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24249GJ1979PTC003607. Its GSTIN is 24AAACN5352M1ZD (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Nirma Industries Limited. It is led by directors Amar Narendrabhai Shah and Karsanbhai Patel Khodidas.
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 Nirama House Ashram Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.73 Lakh, a decline of 94% compared to the previous year. For the same year it recorded a net profit of ₹7.95 Lakh (net margin 36.6%) and EBITDA of ₹8.8 Lakh (EBITDA margin 40.5%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years and 6% over five years.
The company is associated with 1 brand: Nirma. As per MCA filings, the company has open charges of ₹51.95 Cr and satisfied charges of ₹400 Cr on record. Court records list 65 cases involving the company, including 30 filed by the company and 35 filed against it; 6 cases are pending. The company has 3 deals on record (3 secondary share transfers); the latest was in March 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nirma.co.in.
Company details
CIN U24249GJ1979PTC003607
Registration Number 003607
Incorporation Date 31 December 1979
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
CIN history
Nirma Industries has one previous CIN (Corporate Identification Number): U24249GJ1979PLC003607. The current CIN is U24249GJ1979PTC003607, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24249GJ1979PTC003607 | Current |
| U24249GJ1979PLC003607 | Previous |
Recognitions & Rankings of Nirma Industries
Contact details
Nirma Industries Private Limited's registered office is in Ahmedabad, Gujarat. Its website is nirma.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNirama House Ashram Road, Ahmedabad, Gujarat, India – 380009
- IndustryChemicals and Materials, Dyes & Pigments, Industrial Chemicals, Colorants
To see the full contact details of Nirma Industries Private Limited, buy the company report.
Comprehensive company report
Nirma Industries 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
Nirma Industries operates one associated brand: Nirma. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and markets consumer care products for everyday use. | nirma.co.in |
Business activity
The main business activity of Nirma Industries 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 |
Financials of Nirma Industries Private Limited
FY 2025 filings availableNirma Industries Private Limited reported revenue of ₹21.73 Lakh (down 94% YoY) for FY 2024.
Revenue · FY 2024
₹21.73 Lakh ▼ 94%
Net profit · FY 2024
₹7.95 Lakh margin 36.6%
EBITDA · FY 2024
₹8.8 Lakh margin 40.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 94%
3 years · compounded
▼ 47%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 97%
3 years · compounded
▼ 57%
5 years · compounded
▲ 26%
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 94% fall in the latest year. EBITDA fell 97% 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 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 | ₹8.8 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.95 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 40.5% | ||||
| Net Profit Margin | 36.6% | ||||
| 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 Nirma Industries Private Limited, buy the company report.
Board of directors of Nirma Industries Private Limited
Nirma Industries has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amar Narendrabhai Shah Also directs: Ocular Enterprise Private Limited, Aculife Healthcare Private Limited, Stericon Pharma Private Limited and 1 more | Director | 07 Sep 2020 | 6 Years 2 Months | Current |
| Karsanbhai Patel Khodidas Also directs: Nirma Chemical Works Private Limited, Nirma Limited, Niyogi Enterprise Private Limited and 1 more | Director | 05 Apr 2013 | 13 Years 7 Months | Current |
Auditor
Nirma Industries Private Limited is audited by RAJENDRA D. SHAH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJENDRA D. SHAH & CO. | FY 2023 | 4844 |
Shareholding
The shareholding of Nirma Industries 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 Nirma Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹51.95 Cr
Satisfied charges
₹400 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 1997 | 80003577 | Nirma Industries Ltd | ₹50 Cr | Open | |
| 13 Sep 1988 | 90111983 | State Bank of India | ₹1.95 Cr | Open | |
| 25 Jun 2001 | 80019094 | Nirmachemicalworks Limited | ₹400 Cr | Satisfied |
To see the full charge records of Nirma Industries Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Nirma Industries Private Limited has 3 deals on record (3 secondary share transfers); the latest was in March 2021.
Total deals
3
Secondary share transfers
3
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jul 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ocular Enterprise Private Limited |
| Jul 2008 | Secondary share transfer | Undisclosed | Buyer: Ocular Enterprise Private Limited Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nirma Industries Private Limited has 65 court cases on record: 30 filed by Nirma Industries, 35 filed against it. 6 cases are pending and 59 are disposed.
Total cases
65
Filed by the company
30
Filed against the company
35
Pending
6
Disposed
59
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 38 | 18 | 3 |
| District courts | 21 | 13 | 3 |
| Supreme Court | 5 | 3 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 65)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Ardor Global Private Limited and 3 others | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR RA) | Filed against the company by Bharatbhai Ratanshi Shah, Managing Director of Ardor Global Pvt. Ltd. and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against Ardor Global Private Limited and 3 others | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed by the company against Ardor Global Private Limited and 3 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Saurashtra Chemicals Limited | Disposed |
To see the full case history of Nirma Industries 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
No delayed payments to MSME suppliers are on our record for Nirma Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nirma Industries has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACN5352M1ZD | Gujarat | Active | 01 Jul 2017 |
| 29AAACN5352M2Z2 | Karnataka | Active | 06 Feb 2019 |
To see the full GST registrations and return filing status of Nirma Industries Private Limited, buy the company report.
Recent activity
Nirma Industries Private Limited has 9 board changes on record since 2007: 2 appointments and 7 cessations. The latest: Rakeshbhai Karsanbhai Patel ceased to be Director on 24 Dec 2020.
AGM
Nirma Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Nirma Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Rakeshbhai Karsanbhai Patel ceased to be Director.
Ceased
Amar Narendrabhai Shah ceased to be Additional Director.
Appointed
Amar Narendrabhai Shah was appointed as Director.
Ceased
Chaturbhai Joitaram Patel ceased to be Director.
Ceased
Karsanbhai Patel Khodidas ceased to be Additional Director.
Appointed
Karsanbhai Patel Khodidas was appointed as Director.
Ceased
Madhavlal Laxmishanker Oza ceased to be Director.
Ceased
Prahlad Ugardas Patel ceased to be Director.
Ceased
Sudhakarbhai Chhotabhai Patel ceased to be Director.
Charges
A charge registered on 25 Jun 2001 via Charge ID 80019094 with Nirmachemicalworks Limited was fully satisfied on 28 Mar 2007.
5 earlier events are in the company report.
News
Frequently asked questions
Nirma Industries is an active private limited company based in Ahmedabad, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 31 December 1979 (47+ years old) and is registered under CIN U24249GJ1979PTC003607.
Nirma Industries has 2 current directors:
- Amar Narendrabhai Shah - Director
- Karsanbhai Patel Khodidas - Director
The latest financial statements of Nirma Industries 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 Nirma Industries is 24AAACN5352M1ZD, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAACN5352M2Z2 (Karnataka).
The CIN (Corporate Identification Number) of Nirma Industries is U24249GJ1979PTC003607. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirma Industries has 65 court cases on record: 30 filed by the company and 35 filed against it. 6 are pending. Most are in the high courts.
Nirma Industries was incorporated on 31 December 1979, making it 47+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nirma Industries has 3 deals on record (3 secondary share transfers); the latest was in March 2021.
Rakeshbhai Karsanbhai Patel ceased to be Director on 24 Dec 2020. Amar Narendrabhai Shah ceased to be Additional Director on 30 Sep 2020. Amar Narendrabhai Shah was appointed as Director on 07 Sep 2020. Nirma Industries has 9 board changes on record in total.
Nirma Industries can be reached through the website nirma.co.in. Its registered office is in Ahmedabad, Gujarat, India.
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