Fortune India 500 2025 edition
Rank#223- Total income
- ₹12,180 Cr
- Profit
- ₹-2,372 Cr
Last year #242
Nirma Limited - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Active Public Limited Company chemicals and materials Fortune India 500 · #223 India's Most Valuable · #276
Revenue · FY 2025
₹7,219.15 Cr
▲ 16% YoY
Net loss · FY 2025
₹2,309.68 Cr
Net margin -32%
EBITDA · FY 2025
₹1,881.31 Cr
EBITDA margin 26.1%
Authorised capital
₹775.5 Cr
Registered with MCA
Paid-up capital
₹73.04 Cr
Issued & subscribed
Open charges
₹6,300 Cr
Satisfied ₹9,629.81 Cr
Company age
46 yrs
Est. 1980
Employees · EPFO
8,538
Provident fund records
About Nirma Limited
Data last updated:
Nirma Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 25 February 1980 and has been in existence for over 46 years.
Nirma is ranked #223 on the Fortune India 500 (2025) and #276 among India's most valuable companies (2025). 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 U24240GJ1980PLC003670. Its GSTIN is 24AAACN5350K1ZJ (Gujarat). The company holds 27 GST registrations, of which 22 are active.
The company has an authorised share capital of ₹775.5 Cr and a paid-up capital of ₹73.04 Cr. It was formerly known as Nirma Private Limited and Shiva Soaps & Detergents Ltd. It is led by directors including Hiren Karsanbhai Patel (Managing Director) and Ashish Desai (Whole-Time Director).
Its last annual general meeting (AGM) was held on 14 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Nirma House Ashram Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹7,219.15 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹2,309.68 Cr (net margin -32%) and EBITDA of ₹1,881.31 Cr (EBITDA margin 26.1%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 9% over five years.
The company has about 8,538 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Nirma. As per MCA filings, the company has open charges of ₹6,300 Cr and satisfied charges of ₹9,629.81 Cr on record. Court records list 2,120 cases involving the company, including 1,305 filed by the company and 816 filed against it; 412 cases are pending. The company has 12 deals on record (8 secondary share transfers, 4 funding rounds), with disclosed funding of ₹49.53 Cr; the latest was in March 2020. Its 6 peer companies in the FMCG industry (Industrial Chemicals, Soaps and Detergents), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 4 smaller; the largest is Rashtriya Chemicals and Fertilizers Limited with revenue of ₹17,098 Cr. The company has 14 MSME Form 1 returns on record between 2018 and 2024, listing 326 overdue payments to 132 micro and small suppliers.
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 U24240GJ1980PLC003670
Registration Number 003670
Incorporation Date 25 February 1980
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 14 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Nirma has undergone 2 name changes throughout its history. The company was previously known as Nirma Private Limited, and Shiva Soaps & Detergents Ltd. The current legal name is Nirma Limited.
| Company Name | Status |
|---|---|
| Nirma Limited | Current |
| Nirma Private Limited | Previous |
| Shiva Soaps & Detergents Ltd | Previous |
CIN history
Nirma has one previous CIN (Corporate Identification Number): L24240GJ1980PLC003670. The current CIN is U24240GJ1980PLC003670, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24240GJ1980PLC003670 | Current |
| L24240GJ1980PLC003670 | Previous |
Key People
Hiren Karsanbhai Patel Managing Director Ashish Desai Whole-Time Director Manan Nutanbhai Shah Cfo Recognitions & Rankings of Nirma
India's Most Valuable Companies 2025 edition · Source: Hurun India
Rank#276- Valuation
- ₹20,550 Cr
2024 #236 2023 #124 2022 #162
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #85 Karsanbhai Patel & family ₹36,600 Cr
Contact details
Nirma 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
- Social Media
- Registered AddressNirma House Ashram Road, Ahmedabad, Gujarat, India – 380009
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Nirma Limited, buy the company report.
Comprehensive company report
Nirma 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 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 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 Nirma Limited, buy the company report.
Financials of Nirma Limited
FY 2025 filings availableNirma Limited reported revenue of ₹7,219.15 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹7,219.15 Cr ▲ 16%
Net loss · FY 2025
₹2,309.68 Cr margin -32%
EBITDA · FY 2025
₹1,881.31 Cr margin 26.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 11%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 59%
3 years · compounded
▲ 7%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 16% growth in the latest year. EBITDA rose 59% 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 | ₹7,219.15 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1,881.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2,309.68 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26.1% | ||||
| Net Profit Margin | -32% | ||||
| 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 Limited, buy the company report.
Board of directors and KMP of Nirma Limited
Nirma Limited currently reports 8 directors and 2 key managerial personnel. 11 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushikbhai Nandubhai Patel Also directs: Nuvoco Vistas Corporation Limited, Alivus Life Sciences Limited | Director | 06 Jun 2002 | 24 Years 4 Months | Current |
| Karsanbhai Khodidas Patel Also directs: Nirma Chemical Works Private Limited, Niyogi Enterprise Private Limited, Nirma Credit and Capital Private Limited and 1 more | Director | 25 Feb 1980 | 46 Years 7 Months | Current |
| Rakeshbhai Karsanbhai Patel | Director | 04 Feb 1997 | 29 Years 8 Months | Current |
| Hiren Karsanbhai Patel Also directs: Nuvoco Vistas Corporation Limited, Alivus Life Sciences Limited, Nairutya Associates LLP and 3 more | Managing Director | 01 May 2006 | 20 Years 5 Months | Current |
| Paresh Balmukund Sheth Also directs: Aculife Healthcare Private Limited | Company Secretary | 06 Sep 2006 | 20 Years 1 Months | Current |
| Manan Nutanbhai Shah | Cfo | 20 Aug 2018 | 8 Years 2 Months | Current |
Showing 6 of 10 current directors and KMP. View all directors and KMP
Peer comparison
Nirma Limited is compared with the 6 companies closest to it by revenue in the FMCG industry (Industrial Chemicals, Soaps and Detergents), 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 |
|---|---|---|---|---|---|---|
| Rashtriya Chemicals and Fertilizers Limited | ₹17,098 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Tata Chemicals Limited | ₹15,112 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| Deepak Fertilisers and Petrochemicals Corporation Ltd | ₹10,355 Cr (FY 2025) | 18.0% | Pune, Maharashtra, India | |||
| Gujarat State Fertilizers & Chemicals Limited | ₹9,848.64 Cr (FY 2025) | 3.0% | Vadodara, Gujarat, India | |||
| Gujarat Narmada Valley Fertilizers & Chemicals Limited | ₹8,393.42 Cr (FY 2025) | 0.0% | Gujarat, India | |||
| Deepak Nitrite Limited | ₹8,365.79 Cr (FY 2025) | 8.0% | Vadodara, Gujarat, India | |||
| Nirma Limitedthis company | ₹7,219.15 Cr (FY 2025) | -₹2,309.68 Cr | -32% | 16.0% | 8,538 | Ahmedabad, Gujarat, India |
To see the full peer comparison of Nirma Limited, buy the company report.
Auditor
Nirma Limited is audited by Hemanshu Shah & Co. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Hemanshu Shah & Co. | FY 2025 | 122439W |
Shareholding
The shareholding of Nirma Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nirma Limited, buy the company report.
Charges & borrowings
Open charges
₹6,300 Cr
Satisfied charges
₹9,629.81 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jun 2024 | 100942591 | Idbi Trusteeship Services Limited | ₹190 Cr | Open | |
| 22 Feb 2024 | 100894529 | Idbi Trusteeship Services Limited | ₹2,400 Cr | Open | |
| 29 Nov 2023 | 100834046 | Idbi Trusteeship Services Limited | ₹1,810 Cr | Open | |
| 16 May 1998 | 80018848 | Others | ₹1,900 Cr | Open | |
| 27 Nov 2020 | 100403867 | Idbi Trusteeship Services Limited | ₹310 Cr | Satisfied |
To see the full charge records of Nirma Limited, buy the company report.
Total charge records: 28 View all charges
Deals & funding
Nirma Limited has 12 deals on record (8 secondary share transfers, 4 funding rounds), with disclosed funding of ₹49.53 Cr; the latest was in March 2020.
Total deals
12
Secondary share transfers
8
Funding rounds
4
Disclosed funding
₹49.53 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| May 2016 | Secondary share transfer | Undisclosed | Seller: Nirma Chemical Works Private Limited |
| Feb 2016 | Secondary share transfer | Undisclosed | Seller: Nirma Industries Private Limited , Nirma Chemical Works Private Limited , 2 individuals |
| Jun 2015 | Funding round | ₹12.03 Cr | Investors: 4 individuals |
To see the full deal history of Nirma Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nirma Limited has 2,120 court cases on record: 1,305 filed by Nirma, 816 filed against it. 412 cases are pending and 1,708 are disposed.
Total cases
2,120
Filed by the company
1,305
Filed against the company
816
Pending
412
Disposed
1,708
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,509 | 491 | 285 |
| High courts | 556 | 285 | 119 |
| Supreme Court | 55 | 40 | 8 |
Cases on record (5 of 2,120)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1101-Compensation : Motor vehicle accident compensation) | Filed by the company against United India Insurance Company Ltd and 2 others | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Hero Fincorp Ltd | Pending |
| District court, Bikaner, Rajasthan | Court case (Complaint) | Filed against the company by HDFC Bank Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by More Retail Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed by the company against H.V. Synthetics Private Limited and 2 others | Pending |
To see the full case history of Nirma 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.
Credit ratings & regulatory alerts
Nirma Limited was last rated by Crisil on 31 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 31 Jul 2020 |
To see the full credit ratings and regulatory alerts of Nirma Limited, buy the company report.
MSME payment delays
Nirma Limited has 14 MSME Form 1 returns on record between 2018 and 2024, listing 326 overdue payments to 132 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 132)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| All Four Season Holidays | |||
| an individual supplier | |||
| Shriram Agro Industries | |||
| Shree Pre-Fab Steels Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Nirma Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Nirma has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Glenmark Life Sciences Limited | L74900PN2011PLC139963 |
To see the full group structure of Nirma Limited, buy the company report.
Employees & EPFO
Nirma Limited has a workforce of 8,538 employees on its EPFO records as of Oct 10, 2025, across 19 active EPFO establishments.
Employee count
8,538
Active EPFO establishments
19
Employee growth
-0.18%
GST
Nirma has 27 GST registrations: 22 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
27
Active
22
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACN5350K1ZJ | Gujarat | Active | 01 Jul 2017 |
| 24AAACN5350K2ZI | Gujarat | Active | 21 Jul 2017 |
| 03AAACN5350K1ZN | Punjab | Active | 01 Jul 2017 |
| 05AAACN5350K1ZJ | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nirma Limited, buy the company report.
Recent activity
Nirma Limited has 32 board changes on record since 1980: 21 appointments and 11 cessations. The latest: Pankaj Ramanbhai Patel ceased to be Director on 14 Aug 2025.
AGM
Nirma Limited last Annual general meeting of members was held on 14 Aug 2025 as per latest MCA records.
Ceased
Pankaj Ramanbhai Patel ceased to be Director.
Ceased
Satish Chandrakant Shah ceased to be Director.
Charges
A charge with Idbi Trusteeship Services Limited of Rs. 2,400.00 Cr registered on 22 Feb 2024 with Charge ID 100894529 was modified on 29 Apr 2025.
Filing
Nirma Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Khodabhai Kalidas Patel was appointed as Director.
Appointed
Sanjiv Narayanbhai Patel was appointed as Director.
Ceased
Shaileshbhai Valjibhai Sonara ceased to be Whole-Time Director.
Appointed
Ashish Desai was appointed as Whole-Time Director.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 190.00 Cr with Charge ID 100942591 was registered on 14 Jun 2024.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 2,400.00 Cr with Charge ID 100894529 was registered on 22 Feb 2024.
Charges
A charge with Others of Rs. 1,900.00 Cr registered on 16 May 1998 with Charge ID 80018848 was modified on 12 Jan 2024.
91 earlier events are in the company report.
News
Frequently asked questions
Nirma is an active public limited company based in Ahmedabad, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 25 February 1980 (46+ years old) and is registered under CIN U24240GJ1980PLC003670.
Nirma has 10 current directors and KMP:
- Hiren Karsanbhai Patel - Managing Director
- Ashish Desai - Whole-Time Director
- Kaushikbhai Nandubhai Patel - Director
- Karsanbhai Khodidas Patel - Director
- Rakeshbhai Karsanbhai Patel - Director
- Khodabhai Kalidas Patel - Director
- Sanjiv Narayanbhai Patel - Director
- Tejalben Amitkumar Mehta - Director
- Paresh Balmukund Sheth - Company Secretary
- Manan Nutanbhai Shah - Cfo
The latest financial statements of Nirma on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 14 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nirma is 24AAACN5350K1ZJ, registered in Gujarat. The company has 27 GST registrations in all, of which 22 are active and 5 are cancelled or inactive. Other active GSTINs include 24AAACN5350K2ZI (Gujarat), 03AAACN5350K1ZN (Punjab), 05AAACN5350K1ZJ (Uttarakhand).
The CIN (Corporate Identification Number) of Nirma is U24240GJ1980PLC003670. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirma has 2,120 court cases on record: 1,305 filed by the company and 816 filed against it. 412 are pending. Most are in the district courts.
Nirma was incorporated on 25 February 1980, making it 46+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nirma has 12 deals on record (8 secondary share transfers, 4 funding rounds), with disclosed funding of ₹49.53 Cr; the latest was in March 2020.
The peers of Nirma by revenue are Rashtriya Chemicals and Fertilizers Limited, Tata Chemicals Limited, Deepak Fertilisers and Petrochemicals Corporation Ltd, Gujarat State Fertilizers & Chemicals Limited, Gujarat Narmada Valley Fertilizers & Chemicals Limited and 1 more, all in the FMCG industry (Industrial Chemicals, Soaps and Detergents), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Pankaj Ramanbhai Patel ceased to be Director on 14 Aug 2025. Satish Chandrakant Shah ceased to be Director on 17 May 2025. Khodabhai Kalidas Patel was appointed as Director on 15 Mar 2025. Nirma has 32 board changes on record in total.
Nirma has 14 MSME Form 1 returns on record between 2018 and 2024, listing 326 overdue payments to 132 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Nirma can be reached through the website nirma.co.in. Its registered office is in Ahmedabad, Gujarat, India.