About Nishigandha Polymers Private Limited
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Nishigandha Polymers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 23 March 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24134MH1992PTC066018. Its GSTIN is 27AAACN6044J1ZE (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹1.7 Cr and a paid-up capital of ₹1.41 Cr. It is led by directors including Rohit Kantilal Ravani and Rudresh Krishnachandra Jhunjhunwala.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 3rd Floor Rustom Bldg29 V N Road Fort, Mumbai, Maharashtra, India – 400023.
As per the financials filed for FY 2025, the company reported a revenue of ₹269.31 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹11.47 Cr (net margin 4.3%) and EBITDA of ₹16.5 Cr (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 13% over five years.
As per MCA filings, the company has open charges of ₹12.45 Cr and satisfied charges of ₹16 Cr on record. Court records list 11 cases involving the company, including 5 filed by the company and 6 filed against it; 1 case is pending. The company has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹55.1 Cr; the latest was in March 2021. Its 7 peer companies in the Chemicals industry (Chemical Retail and Distribution, Polymers), with the same principal business activity (wholesale trading) are compared by revenue, 5 larger and 2 smaller; the largest is Kemi Chems Private Limited with revenue of ₹273.52 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nishigandhapolymers.com.
Company details
Contact details
Nishigandha Polymers Private Limited's registered office is in Mumbai, Maharashtra. Its website is nishigandhapolymers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor Rustom Bldg29 V N Road Fort, Mumbai, Maharashtra, India – 400023
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Nishigandha Polymers Private Limited, 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 Nishigandha Polymers is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Nishigandha Polymers Private Limited, buy the company report.
Financials of Nishigandha Polymers Private Limited
FY 2024 filings availableNishigandha Polymers Private Limited reported revenue of ₹269.31 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 28% 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 |
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| EBITDA | ₹16.5 Cr | ||||
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| Net Profit (PAT) | ₹11.47 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | 4.3% | ||||
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To see the full financial statements and ratios of Nishigandha Polymers Private Limited, buy the company report.
Board of directors and KMP of Nishigandha Polymers Private Limited
Nishigandha Polymers Private Limited currently reports 3 directors and 1 key managerial person. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Kantilal Ravani | Director | 24 Apr 1997 | 29 Years 6 Months | Current |
| Rudresh Krishnachandra Jhunjhunwala Also directs: Nishigandha Elastomers LLP, 2M Elastomers Private Limited, More Marketing Private Limited and 2 more | Director | 31 Jul 2025 | 1 Years 2 Months | Current |
| Sunilkumar Sanwalram More Also directs: Nishigandha Elastomers LLP, 2M Elastomers Private Limited, Infobridge India Private Limited and 5 more | Ceo | 01 Aug 2022 | 4 Years 2 Months | Current |
| Hemangini Jhunjhunwala Also directs: Nishigandha Elastomers LLP, Chintan Exports Private Limited | Director | 18 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Nishigandha Polymers Private Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution, Polymers), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kemi Chems Private Limited | ₹273.52 Cr (FY 2025) | -9.0% | Delhi, India | |||
| Alfa Solvents Private Limited | ₹272.99 Cr (FY 2025) | -6.0% | Delhi, India | |||
| Aroma Chemical Agencies (India) Private Limited | ₹272.19 Cr (FY 2019) | 25.0% | Mumbai, Maharashtra, India | |||
| Catalyst Asphalt Private Limited | ₹271.68 Cr (FY 2025) | 14.0% | Delhi, India | |||
| Anjani Dyes and Intermediates Private Limited | ₹271.48 Cr (FY 2025) | -1.0% | Ahmedabad, Gujarat, India | |||
| Nishigandha Polymers Private Limitedthis company | ₹269.31 Cr (FY 2025) | ₹11.47 Cr | 4.3% | -6.0% | Mumbai, Maharashtra, India | |
| JRD Polymer Private Limited | ₹264.92 Cr (FY 2025) | -2.0% | Mumbai, Maharashtra, India | |||
| Sionkrystal Overseas Private Limited | ₹264.47 Cr (FY 2025) | -15.0% | New Delhi, Delhi, India |
To see the full peer comparison of Nishigandha Polymers Private Limited, buy the company report.
Auditor
Nishigandha Polymers Private Limited is audited by N. B . S & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. B . S & Associates | FY 2022 | 106740W |
Shareholding
The shareholding of Nishigandha Polymers 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Nishigandha Polymers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Apr 2016 | 100073177 | Others | ₹10 Cr | Open | |
| 28 Aug 2007 | 10074410 | Punjab & Sind Bank | ₹1 Cr | Open | |
| 22 Aug 2007 | 10074423 | Punjab & Sind Bank | ₹1.45 Cr | Open | |
| 28 Jul 2009 | 10173124 | Punjab & Sind Bank | ₹16 Cr | Satisfied |
To see the full charge records of Nishigandha Polymers Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Nishigandha Polymers Private Limited has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹55.1 Cr; the latest was in March 2021.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Funding round | ₹17.64 Cr | Investors: Prabhat Industries, 3 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Sebok International (P) Ltd. Seller: an individual |
| Mar 2019 | Funding round | ₹37.46 Cr | Investors: Dharti Dredging and Infrastructure Limited , Anushree Kriti Ojas Realty Private Limited, Sebok International (P) Ltd. |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Apr 2012 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
To see the full deal history of Nishigandha Polymers Private 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
Nishigandha Polymers Private Limited has 11 court cases on record: 5 filed by Nishigandha Polymers, 6 filed against it. 1 case is pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 0 |
| High courts | 4 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Climax Overseas Pvt.Ltd. and 2 others | Disposed |
| Bombay High Court | Commercial suit | Filed by the company against an individual | Pending |
| Supreme Court | Court case | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Court case (REV.APLC(MD)) | Filed against the company by an individual | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by an individual | Disposed |
To see the full case history of Nishigandha Polymers 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.
Credit ratings & regulatory alerts
Nishigandha Polymers Private Limited was last rated by Crisil on 30 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Apr 2021 |
To see the full credit ratings and regulatory alerts of Nishigandha Polymers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nishigandha Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nishigandha Polymers has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN6044J1ZE | Maharashtra | Active | 01 Jul 2017 |
| 27AAACN6044J2ZD | Maharashtra | Active | 01 Apr 2025 |
| 06AAACN6044J1ZI | Haryana | Active | 01 Jul 2017 |
| 24AAACN6044J1ZK | Gujarat | Active | 15 Mar 2019 |
To see the full GST registrations and return filing status of Nishigandha Polymers Private Limited, buy the company report.
Recent activity
Nishigandha Polymers Private Limited has 11 board changes on record since 1997: 4 appointments and 7 cessations. The latest: Rudresh Krishnachandra Jhunjhunwala was appointed as Director on 31 Jul 2025.
9 earlier events are in the company report.
Frequently asked questions
Nishigandha Polymers is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 23 March 1992 (34+ years old) and is registered under CIN U24134MH1992PTC066018.
Nishigandha Polymers has 4 current directors and KMP:
- Rohit Kantilal Ravani - Director
- Rudresh Krishnachandra Jhunjhunwala - Director
- Hemangini Jhunjhunwala - Director
- Sunilkumar Sanwalram More - Ceo
The latest financial statements of Nishigandha Polymers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Nishigandha Polymers is 27AAACN6044J1ZE, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AAACN6044J2ZD (Maharashtra), 06AAACN6044J1ZI (Haryana), 24AAACN6044J1ZK (Gujarat).
The CIN (Corporate Identification Number) of Nishigandha Polymers is U24134MH1992PTC066018. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nishigandha Polymers has 11 court cases on record: 5 filed by the company and 6 filed against it. 1 is pending. Most are in the district courts.
Nishigandha Polymers was incorporated on 23 March 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Nishigandha Polymers has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹55.1 Cr; the latest was in March 2021.
The peers of Nishigandha Polymers by revenue are Kemi Chems Private Limited, Alfa Solvents Private Limited, Aroma Chemical Agencies (India) Private Limited, Catalyst Asphalt Private Limited, Anjani Dyes and Intermediates Private Limited and 2 more, all in the Chemicals industry (Chemical Retail and Distribution, Polymers), with the same principal business activity (wholesale trading).
Rudresh Krishnachandra Jhunjhunwala was appointed as Director on 31 Jul 2025. Hemangini Jhunjhunwala was appointed as Director on 18 Jul 2025. Rohit Kantilal Ravani ceased to be Whole-Time Director on 20 Sep 2022. Nishigandha Polymers has 11 board changes on record in total.
Nishigandha Polymers can be reached through the website nishigandhapolymers.com. Its registered office is in Mumbai, Maharashtra, India.