Nirvip Private Limited
About Nirvip Private Limited
Data last updated:
Nirvip Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the organic chemicals and compounds segment of the chemicals and materials sector. It was incorporated on 15 March 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1983PTC029540. Its GSTIN is 27AAACN1159Q1Z2 (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Nirvip Dyes and Chemicals Private Limited. It is led by directors including Ashok Chinubhai Desai (Managing Director) and Nirav Desai Ashok.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 23 – L Laxmi Industrial Estate New Link Road Andheri (W), Mumbai, Maharashtra, India – 400058.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.8 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹4.23 Lakh (net margin -2.4%) and EBITDA of ₹10.5 Lakh (EBITDA margin 5.8%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 15% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address23 – L Laxmi Industrial Estate New Link Road Andheri (W), Mumbai, Maharashtra, India – 400058
- IndustryChemicals and Materials, Organic Chemicals & Compounds
- 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 Nirvip Private Limited
The main business activity of Nirvip is manufacturing. In detail, this covers manufacture of textiles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 13 | Manufacture of textiles | 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 Nirvip Private Limited FY 2025 filings available
Nirvip Private Limited reported revenue of ₹1.8 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Nirvip Private Limited
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA fell 61% 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 Nirvip Private Limited
| 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 | ₹10.5 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.23 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 Nirvip Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -2.4% | •••• | •••• | •••• | •••• |
| 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 Nirvip 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 Nirvip Private Limited
Nirvip Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Organic Chemicals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adorn Chemicals Pvt Ltd | ₹2.19 Cr (FY 2025) | •••• | •••• | 56.0% | •••• | Aurangabad, Maharashtra, India |
| Ekvira Fine-Chem Pvt Ltd | ₹2.08 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Raigad, Maharashtra, India |
| Asiatic Green Agrico Private Limited | ₹2 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Ankleshwar, Gujarat, India |
| New Look Bio Fuels Private Limited | ₹1.97 Cr (FY 2025) | •••• | •••• | 68.0% | •••• | Delhi, India |
| Natnov Bioscience Private Limited | ₹1.86 Cr (FY 2024) | •••• | •••• | 5378.0% | •••• | Soro, Odisha, India |
| Nirvip Private Limited this company | ₹1.8 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Jorinco Specialities Private Limited | ₹1.8 Cr (FY 2025) | •••• | •••• | 1609.0% | •••• | Pune, Maharashtra, India |
| Shri Jagat Arbitrage (OPC) Private Limited | ₹1.77 Cr (FY 2025) | •••• | •••• | 418.0% | •••• | Bhopal, Madhya Pradesh, India |
| Chembond Calvatis Industrial Hygiene Systems Limited | ₹1.72 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Thane, Maharashtra, India |
| Borax India Limited | ₹1.72 Cr (FY 2025) | •••• | •••• | 818.0% | •••• | Puducherry, India |
| Shreekatyayani Green Fuels Private Limited | ₹1.67 Cr (FY 2025) | •••• | •••• | •••• | Kathua, Jammu and Kashmir, India |
Peers are the five companies nearest above and the five nearest below Nirvip by revenue in the Chemicals industry (Organic Chemicals), 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 Nirvip Private Limited
Nirvip Private Limited is audited by Niranjan V Shah & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Niranjan V Shah & Associates | 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 Nirvip Private Limited
Nirvip has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirav Desai Ashok | Director | 01 Apr 1990 | 36 Years 6 Months | Current |
| Aparna Ashok Desai | Director | 15 Mar 1983 | 43 Years 7 Months | Current |
| Ashok Chinubhai Desai | Managing Director | 15 Mar 1983 | 43 Years 7 Months | Current |
Ownership and Shareholding of Nirvip 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 Nirvip Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Oct 1986 | Bank of India | ₹9 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Nirvip Private Limited
Nirvip Private Limited has 1 court case on record: 1 filed by Nirvip. All case is disposed. Status as checked on 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against an individual | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Nirvip Private Limited
Nirvip Private Limited has a workforce of 11 employees as of Apr 07, 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 Nirvip Private Limited
Nirvip Private Limited has 4 board changes on record since 1983: 3 appointments and 1 cessation. The latest: Vipul Ashok Desai ceased to be Director on 05 May 2011.
Credit Ratings, Litigation & Regulatory Alerts for Nirvip 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 Nirvip 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 Nirvip 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 Nirvip Private Limited
Nirvip has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN1159Q1Z2 | 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 Nirvip 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 Nirvip Private Limited
Nirvip is an active private limited company based in Mumbai, Maharashtra, India. The company works in organic chemicals and compounds, within the chemicals and materials industry. It was incorporated on 15 March 1983 (43+ years old) and is registered under CIN U24110MH1983PTC029540.
Nirvip reported revenue of ₹1.8 Cr for FY 2025 (up 7% YoY).
Nirvip has 3 current directors:
- Ashok Chinubhai Desai - Managing Director
- Nirav Desai Ashok - Director
- Aparna Ashok Desai - Director
Nirvip reported a net loss of ₹4.23 Lakh (net margin -2.4%) and EBITDA of ₹10.5 Lakh (EBITDA margin 5.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nirvip is -13% over three years and -15% over five years. In the latest year (FY 2025) revenue rose 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nirvip is 27AAACN1159Q1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Nirvip is U24110MH1983PTC029540. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirvip has 1 court case on record: 1 filed by the company.
Nirvip was incorporated on 15 March 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Nirvip by revenue are Adorn Chemicals Pvt Ltd, Ekvira Fine-Chem Pvt Ltd, Asiatic Green Agrico Private Limited, New Look Bio Fuels Private Limited, Natnov Bioscience Private Limited and 5 more, all in the Chemicals industry (Organic Chemicals).
Vipul Ashok Desai ceased to be Director on 05 May 2011. Nirav Desai Ashok was appointed as Director on 01 Apr 1990. Aparna Ashok Desai was appointed as Director on 15 Mar 1983. Nirvip has 4 board changes on record in total.