About Nitrex Chemicals India Limited
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Nitrex Chemicals India Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 07 February 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U47740GJ2001PLC146496. Its GSTIN is 24AAACF7820L1ZM (Gujarat). The company holds 8 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹49.94 Cr and a paid-up capital of ₹39.17 Cr. It was formerly known as Quest International (I) Ltd and Nitrex Chemicals India P Limited. It is led by directors including Monojit Chaudhuri (Managing Director) and Rajesh Man Mal Lodha.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹551.35 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹99.62 Cr (net margin 18.1%) and EBITDA of ₹113.53 Cr (EBITDA margin 20.6%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 19% over five years.
The company has about 329 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nitrex Chemicals India. As per MCA filings, the company has open charges of ₹40.24 Cr and satisfied charges of ₹147.87 Cr on record. Court records list 81 cases involving the company, including 59 filed by the company and 22 filed against it; 4 cases are pending. The company has 10 deals on record (7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹41.59 Cr; the latest was in April 2023. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 3,176 overdue payments to 51 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 nitrex.in.
Company details
Name history
Nitrex Chemicals India has undergone 5 name changes throughout its history. The current legal name is Nitrex Chemicals India Limited.
| Company Name | Status |
|---|---|
| Nitrex Chemicals India Limited | Current |
| Quest International (I) Ltd | Previous |
| Nitrex Chemicals India P Limited | Previous |
| Fragrant & Flavour Chemicals (I) Ltd | Previous |
| Quest International (I) P Ltd | Previous |
| Fragrant & Flavour Chemicals (I) P Ltd | Previous |
CIN history
Nitrex Chemicals India has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U47740GJ2001PLC146496, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U47740GJ2001PLC146496 | Current |
| U00000DL2001PLC109548 | Previous |
| U00000GJ2001PLC146496 | Previous |
| U42203GJ2001PLC146496 | Previous |
Contact details
Nitrex Chemicals India Limited's registered office is in Ahmedabad, Gujarat.
- Registered Address905 9th Floor, Shapath V Opp. Karanavati Club S.G.Highway, Ahmedabad, Gujarat, India – 380015
- IndustryManufacturing, Plastic & Resins
- 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
Brands
Nitrex Chemicals India operates one associated brand: Nitrex Chemicals India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of industrial nitrocellulose for inks and coatings in India. | nitrex.in |
Business activity
The main business activity of Nitrex Chemicals India 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 Nitrex Chemicals India Limited, buy the company report.
Financials of Nitrex Chemicals India Limited
FY 2024 filings availableNitrex Chemicals India Limited reported revenue of ₹551.35 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 1% growth in the latest year. EBITDA rose 63% 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 | ₹113.53 Cr | ||||
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| Net Profit (PAT) | ₹99.62 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.6% | ||||
| Net Profit Margin | 18.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nitrex Chemicals India Limited, buy the company report.
Board of directors and KMP of Nitrex Chemicals India Limited
Nitrex Chemicals India Limited currently reports 4 directors and 1 key managerial person. 18 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshit Shukla Chandrakant Also directs: SSPL Infra Private Limited | Cfo | 18 Nov 2019 | 6 Years 11 Months | Current |
| Monojit Chaudhuri | Managing Director | 18 Nov 2019 | 6 Years 11 Months | Current |
| Rajesh Man Mal Lodha Also directs: Digitelle Technologies Private Limited, Parixit Irrigation Limited, Jaihind Projects Limited and 5 more | Director | 15 Sep 2015 | 11 Years 1 Months | Current |
| Mahendra Gumanmalji Lodha Also directs: Landscape Buildcon LLP, Max Healthcare Institute Limited, Rajdhani Textiles Private Limited and 5 more | Director | 11 Aug 2008 | 18 Years 2 Months | Current |
| Devang Punamchand Sanghavi | Director | 01 Dec 2015 | 10 Years 11 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2021 | 100502404 | Hdfc Bank Limited | ₹23.6 Lakh | Open | |
| 09 Jan 2013 | 10399992 | Standard Chartered Bank | ₹20 Cr | Open | |
| 21 Apr 2005 | 80036582 | Standard Chartered Bank | ₹20 Cr | Open | |
| 28 Oct 2020 | 100406294 | Hdfc Bank Limited | ₹13.5 Lakh | Satisfied | |
| 11 Dec 2014 | 10540884 | Standard Chartered Bank | ₹9 Cr | Satisfied |
To see the full charge records of Nitrex Chemicals India Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Nitrex Chemicals India Limited has 10 deals on record (7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹41.59 Cr; the latest was in April 2023.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Seller: Idbi Bank Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Disha Infin Consultants Pvt Ltd , Mahendra G Lodha HUF, an individual Seller: 4 individuals |
| Aug 2009 | Secondary share transfer | Undisclosed | Buyer: Disha Infin Consultants Pvt Ltd Seller: an individual |
| Jul 2009 | Secondary share transfer | Undisclosed | Buyer: Sirius Financial Services Private Limited Seller: Akzo Nobel India Limited |
| Sep 2008 | Funding round | ₹27.84 Cr | Investors: British International Investment (CDC Group), Nitrex Mauritius Limited, Sirius Financial Services Private Limited |
To see the full deal history of Nitrex Chemicals India 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
Nitrex Chemicals India Limited has 81 court cases on record: 59 filed by Nitrex Chemicals India, 22 filed against it. 4 cases are pending and 77 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 63 | 11 | 1 |
| District courts | 9 | 4 | 1 |
| Supreme Court | 5 | 5 | 0 |
| NCLT | 2 | 0 | 0 |
| NCLAT | 2 | 2 | 2 |
Cases on record (5 of 81)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Ske Projects Private Limited | Pending |
| Bombay High Court | Court case (LPETN) | Filed against the company by Associated Cables Pvt. Ltd. | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against National Insurance Company Limited and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by National Insurance Company Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by National Insurance Company Limited | Disposed |
To see the full case history of Nitrex Chemicals India 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
Nitrex Chemicals India Limited was last rated by Icra on 31 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 Dec 2021 |
To see the full credit ratings and regulatory alerts of Nitrex Chemicals India Limited, buy the company report.
MSME payment delays
Nitrex Chemicals India Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 3,176 overdue payments to 51 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 51)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Saraswati Packaging Industries | |||
| an individual supplier | |||
| Om Containers Pvt.Ltd. | |||
| Shree Sulphurics Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Nitrex Chemicals India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Nitrex Chemicals India has 8 GST registrations: 5 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACF7820L1ZM | Gujarat | Active | 01 Jul 2017 |
| 24AAACF7820L2ZL | Gujarat | Active | 02 Dec 2024 |
| 21AAACF7820L1ZS | Odisha | Active | 01 Oct 2024 |
| 27AAACF7820L1ZG | Maharashtra | Active | 01 Oct 2024 |
To see the full GST registrations and return filing status of Nitrex Chemicals India Limited, buy the company report.
Recent activity
Nitrex Chemicals India Limited has 23 board changes on record since 2007: 5 appointments and 18 cessations. The latest: Rashmikant Bhikhalal Kothari ceased to be Additional Director on 26 Nov 2021.
43 earlier events are in the company report.
Frequently asked questions
Nitrex Chemicals India is an active public limited company based in Ahmedabad, Gujarat, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 07 February 2001 (25+ years old) and is registered under CIN U47740GJ2001PLC146496.
Nitrex Chemicals India has 5 current directors and KMP:
- Monojit Chaudhuri - Managing Director
- Rajesh Man Mal Lodha - Director
- Mahendra Gumanmalji Lodha - Director
- Devang Punamchand Sanghavi - Director
- Darshit Shukla Chandrakant - Cfo
The latest financial statements of Nitrex Chemicals India 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 Nitrex Chemicals India is 24AAACF7820L1ZM, registered in Gujarat. The company has 8 GST registrations in all, of which 5 are active and 3 are cancelled or inactive. Other active GSTINs include 24AAACF7820L2ZL (Gujarat), 21AAACF7820L1ZS (Odisha), 27AAACF7820L1ZG (Maharashtra).
The CIN (Corporate Identification Number) of Nitrex Chemicals India is U47740GJ2001PLC146496. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nitrex Chemicals India has 81 court cases on record: 59 filed by the company and 22 filed against it. 4 are pending. Most are in the high courts.
Nitrex Chemicals India was incorporated on 07 February 2001, making it 25+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nitrex Chemicals India has 10 deals on record (7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹41.59 Cr; the latest was in April 2023.
Rashmikant Bhikhalal Kothari ceased to be Additional Director on 26 Nov 2021. Monojit Chaudhuri ceased to be Additional Director on 27 Nov 2019. Darshit Shukla Chandrakant was appointed as CFO on 18 Nov 2019. Nitrex Chemicals India has 23 board changes on record in total.
Nitrex Chemicals India has 16 MSME Form 1 returns on record between 2019 and 2024, listing 3,176 overdue payments to 51 micro and small suppliers. The latest return was filed on 01 May 2024.
Nitrex Chemicals India can be reached through the website nitrex.in. Its registered office is in Ahmedabad, Gujarat, India.
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