India's Richest People 2026 edition · 1 director · Source: Hurun India
- #641 Mahendra Kumar Ostwal & family ₹5,000 Cr
_LIMITED.webp)
Revenue · FY 2025
₹2,537.71 Cr
▲ 36% YoY
Net profit · FY 2025
₹161.05 Cr
Net margin 6.3%
EBITDA · FY 2025
₹387.74 Cr
EBITDA margin 15.3%
Authorised capital
₹29.65 Cr
Registered with MCA
Paid-up capital
₹24.98 Cr
Issued & subscribed
Open charges
₹453.02 Cr
Satisfied ₹176.96 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
74
Provident fund records
About Ostwal Phoschem (India) Limited
Data last updated:
Ostwal Phoschem (India) Limited is a public limited company based in Bhilwara, Rajasthan, India. It operates in the fertilizers and soil enhancers segment of the agriculture sector. It was incorporated on 06 January 1989 and has been in existence for over 37 years.
Its director Mahendra Kumar Ostwal and family are #641 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U26933RJ1989PLC032188. Its GSTIN is 08AAACT0105C1Z5 (Rajasthan). The company holds 9 GST registrations, all of them active.
The company has an authorised share capital of ₹29.65 Cr and a paid-up capital of ₹24.98 Cr. It was formerly known as Tedco Granite Limited and Tedco Granite Private Limited. It is led by directors including Mahendra Kumar Ostwal (Managing Director) and Pankaj Ostwal.
Its last annual general meeting (AGM) was held on 02 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Village Ojayada Hamirgarh, Bhilwara, Rajasthan, India – 311025.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,537.71 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹161.05 Cr (net margin 6.3%) and EBITDA of ₹387.74 Cr (EBITDA margin 15.3%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 46% over five years.
The company has about 74 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Ostwal. As per MCA filings, the company has open charges of ₹453.02 Cr and satisfied charges of ₹176.96 Cr on record. Court records list 35 cases involving the company, including 20 filed by the company and 16 filed against it; 9 cases are pending. The company has 10 deals on record (10 funding rounds), with disclosed funding of ₹61.94 Cr; the latest was in March 2023. Its 4 peer companies in the Agriculture industry (Fertilizers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger; the largest is Mangalore Chemicals and Fertilisers Limited with revenue of ₹3,368.54 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 ostwal.in.
Company details
CIN U26933RJ1989PLC032188
Registration Number 032188
Incorporation Date 06 January 1989
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 02 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Ostwal Phoschem (India) has undergone 2 name changes throughout its history. The company was previously known as Tedco Granite Limited, and Tedco Granite Private Limited. The current legal name is Ostwal Phoschem (India) Limited.
| Company Name | Status |
|---|---|
| Ostwal Phoschem (India) Limited | Current |
| Tedco Granite Limited | Previous |
| Tedco Granite Private Limited | Previous |
CIN history
Ostwal Phoschem (India) has one previous CIN (Corporate Identification Number): U26933DL1989PLC034569. The current CIN is U26933RJ1989PLC032188, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26933RJ1989PLC032188 | Current |
| U26933DL1989PLC034569 | Previous |
Recognitions & Rankings of Ostwal Phoschem (India)
Contact details
Ostwal Phoschem (India) Limited's registered office is in Bhilwara, Rajasthan. Its website is ostwal.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVillage Ojayada Hamirgarh, Bhilwara, Rajasthan, India – 311025
- IndustryAgriculture, Fertilizers & Soil Enhancers
To see the full contact details of Ostwal Phoschem (India) Limited, buy the company report.
Comprehensive company report
Ostwal Phoschem (India) 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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Business activity
The main business activity of Ostwal Phoschem (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 Ostwal Phoschem (India) Limited, buy the company report.
Financials of Ostwal Phoschem (India) Limited
FY 2025 filings availableOstwal Phoschem (India) Limited reported revenue of ₹2,537.71 Cr (up 36% YoY) for FY 2025.
Revenue · FY 2025
₹2,537.71 Cr ▲ 36%
Net profit · FY 2025
₹161.05 Cr margin 6.3%
EBITDA · FY 2025
₹387.74 Cr margin 15.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 34%
5 years · compounded
▲ 46%
EBITDA CAGR growth
1 year
▲ 53%
3 years · compounded
▲ 21%
5 years · compounded
▲ 35%
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years, including 36% growth in the latest year. EBITDA rose 53% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹387.74 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹161.05 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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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 | 15.3% | ||||
| Net Profit Margin | 6.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Ostwal Phoschem (India) Limited, buy the company report.
Board of directors and KMP of Ostwal Phoschem (India) Limited
Ostwal Phoschem (India) Limited currently reports 5 directors and 1 key managerial person. 17 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Ostwal Also directs: Madhya Bharat Agro Products Limited, Krishana Phoschem Limited, Nirmala Realinfrastructure Private Limited and 2 more | Director | 19 May 2014 | 12 Years 5 Months | Current |
| Mahendra Kumar Ostwal Also directs: Madhya Bharat Agro Products Limited, Krishana Phoschem Limited | Managing Director | 25 Mar 1994 | 32 Years 7 Months | Current |
| Pramod Kumar Jaketia | Cfo | 19 May 2014 | 12 Years 5 Months | Current |
| Bheru Ostwal Lal Also directs: Madhya Bharat Agro Products Limited, Krishana Phoschem Limited | Director | 15 Mar 2019 | 7 Years 7 Months | Current |
| Priyanka Surana Also directs: Shri Ganpati Fertilizers Limited | Additional Director | 17 Sep 2025 | 1 Years 1 Months | Current |
| Chandresh Jain | Additional Director | 17 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Ostwal Phoschem (India) Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Fertilizers), 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 |
|---|---|---|---|---|---|---|
| Mangalore Chemicals and Fertilisers Limited | ₹3,368.54 Cr (FY 2025) | -12.0% | Bangalore, Karnataka, India | |||
| Nagarjuna Fertilizers and Chemicals Limited | ₹3,318.13 Cr (FY 2025) | -31.0% | Hyderabad, Telangana, India | |||
| Southern Petrochemical Industries Corporation Limited | ₹3,100.25 Cr (FY 2025) | 58.0% | Chennai, Tamil Nadu, India | |||
| Crystal Crop Protection Limited | ₹2,731.94 Cr (FY 2025) | 20.0% | Ellisbridge, Gujarat, India | |||
| Ostwal Phoschem (India) Limitedthis company | ₹2,537.71 Cr (FY 2025) | ₹161.05 Cr | 6.3% | 36.0% | 74 | Bhilwara, Rajasthan, India |
To see the full peer comparison of Ostwal Phoschem (India) Limited, buy the company report.
Auditor
Ostwal Phoschem (India) Limited is audited by ASHOK KANTHER & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHOK KANTHER & ASSOCIATES | FY 2023 | 050014C |
Shareholding
The shareholding of Ostwal Phoschem (India) 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 Ostwal Phoschem (India) Limited, buy the company report.
Charges & borrowings
Open charges
₹453.02 Cr
Satisfied charges
₹176.96 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 May 2025 | 101103328 | State Bank of India | ₹18 Lakh | Open | |
| 26 Mar 2024 | 100902894 | State Bank of India | ₹81.82 Cr | Open | |
| 26 Feb 2024 | 100879293 | Others | ₹25 Cr | Open | |
| 28 Jun 2023 | 100740292 | Others | ₹9.9 Cr | Open | |
| 25 Apr 2022 | 100577431 | Hdfc Bank Limited | ₹215.5 Cr | Open |
To see the full charge records of Ostwal Phoschem (India) Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Ostwal Phoschem (India) Limited has 10 deals on record (10 funding rounds), with disclosed funding of ₹61.94 Cr; the latest was in March 2023.
Total deals
10
Funding rounds
10
Disclosed funding
₹61.94 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Funding round | ₹15.58 Cr | Investors: 3 individuals |
| Oct 2016 | Funding round | ₹16.63 Cr | Investors: Radhay Traders, 3 individuals |
| Mar 2015 | Funding round | ₹11.26 Cr | Investors: Seasons Agro Chem India Private Limited , Alovera Tradelink Private Limited , Destiny Exim Private Limited |
| Mar 2012 | Funding round | ₹3.84 Cr | Investors: Others - Ostwal Phoschem (India) Limited, Duggal Tex Pvt Ltd , Kolaveri Textile Private Limited |
| Mar 2011 | Funding round | ₹5.04 Cr | Investors: Others - Ostwal Phoschem (India) Limited, Shubh Laxmi Tax Fab Private Limited, 2 individuals |
To see the full deal history of Ostwal Phoschem (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
Ostwal Phoschem (India) Limited has 35 court cases on record: 20 filed by Ostwal Phoschem (India), 16 filed against it. 9 cases are pending and 26 are disposed.
Total cases
35
Filed by the company
20
Filed against the company
16
Pending
9
Disposed
26
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 4 | 3 |
| District courts | 12 | 11 | 5 |
| Supreme Court | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by Alovera Tradelink Pvt Ltd & Ors. VS Ostwal Phoschem (India) Ltd. and 11 others | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed by the company against Ostwal Phoschem (India) Ltd. VS | Pending |
| District court, Sri Muktsar Sahib, Punjab | Commercial suit | Filed against the company | Pending |
| District court, Bhilwara, Rajasthan | Criminal case | Filed by the company against M/S Sainink Khad Bheej Bhandar Prop. Dhrub Singh Sikarwar - 176135 | Pending |
| District court, Ayodhya, Uttar Pradesh | Criminal case | Filed against the company by State of Up | Pending |
To see the full case history of Ostwal Phoschem (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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ostwal Phoschem (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ostwal Phoschem (India) has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Madhya Bharat Agro Products Limited | L24121RJ1997PLC029126 | |
| Krishana Phoschem Limited | L24124RJ2004PLC019288 | |
| Shri Ganpati Fertilizers Limited | U24110RJ1995PLC073663 |
To see the full group structure of Ostwal Phoschem (India) Limited, buy the company report.
Employees & EPFO
Ostwal Phoschem (India) Limited has a workforce of 74 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
74
Active EPFO establishments
1
Employee growth
-7.5%
GST
Ostwal Phoschem (India) has 9 GST registrations: 9 active. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
9
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAACT0105C1Z5 | Rajasthan | Active | 01 Jul 2017 |
| 24AAACT0105C1ZB | Gujarat | Active | 01 Jul 2017 |
| 23AAACT0105C1ZD | Madhya Pradesh | Active | 27 Jul 2017 |
| 22AAACT0105C1ZF | Chhattisgarh | Active | 09 Apr 2018 |
To see the full GST registrations and return filing status of Ostwal Phoschem (India) Limited, buy the company report.
Recent activity
Ostwal Phoschem (India) Limited has 20 board changes on record since 1994: 7 appointments and 13 cessations. The latest: Chandresh Jain was appointed as Additional Director on 17 Sep 2025.
Charges
A charge registered on 30 Aug 2024 via Charge ID 100979166 with State Bank Of India was fully satisfied on 27 Oct 2025.
Appointed
Chandresh Jain was appointed as Additional Director.
Appointed
Priyanka Surana was appointed as Additional Director.
AGM
Ostwal Phoschem (India) Limited last Annual general meeting of members was held on 02 Sep 2025 as per latest MCA records.
Charges
A charge with State Bank Of India of Rs. 81.82 Cr registered on 26 Mar 2024 with Charge ID 100902894 was modified on 01 Aug 2025.
Charges
A charge with State Bank Of India amounted to Rs. 0.18 Cr with Charge ID 101103328 was registered on 13 May 2025.
Filing
Ostwal Phoschem (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Jaipur.
Charges
A charge with Others of Rs. 25.00 Cr registered on 26 Feb 2024 with Charge ID 100879293 was modified on 08 Oct 2024.
Charges
A charge registered on 30 Oct 2021 via Charge ID 100508760 with Axis Bank Limited was fully satisfied on 08 Oct 2024.
Charges
A charge with State Bank Of India amounted to Rs. 62.00 Cr with Charge ID 100979166 was registered on 30 Aug 2024.
Charges
A charge with State Bank Of India amounted to Rs. 81.82 Cr with Charge ID 100902894 was registered on 26 Mar 2024.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100879293 was registered on 26 Feb 2024.
52 earlier events are in the company report.
Frequently asked questions
Ostwal Phoschem (India) is an active public limited company based in Bhilwara, Rajasthan, India. The company works in fertilizers and soil enhancers, within the agriculture industry. It was incorporated on 06 January 1989 (37+ years old) and is registered under CIN U26933RJ1989PLC032188.
Ostwal Phoschem (India) has 6 current directors and KMP:
- Mahendra Kumar Ostwal - Managing Director
- Pankaj Ostwal - Director
- Bheru Ostwal Lal - Director
- Priyanka Surana - Additional Director
- Chandresh Jain - Additional Director
- Pramod Kumar Jaketia - Cfo
The latest financial statements of Ostwal Phoschem (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 02 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ostwal Phoschem (India) is 08AAACT0105C1Z5, registered in Rajasthan. The company has 9 GST registrations in all, of which 9 are active. Other active GSTINs include 24AAACT0105C1ZB (Gujarat), 23AAACT0105C1ZD (Madhya Pradesh), 22AAACT0105C1ZF (Chhattisgarh).
The CIN (Corporate Identification Number) of Ostwal Phoschem (India) is U26933RJ1989PLC032188. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ostwal Phoschem (India) has 35 court cases on record: 20 filed by the company and 16 filed against it. 9 are pending. Most are in the high courts.
Ostwal Phoschem (India) was incorporated on 06 January 1989, making it 37+ years old. It is registered with the Registrar of Companies, Jaipur.
Ostwal Phoschem (India) has 10 deals on record (10 funding rounds), with disclosed funding of ₹61.94 Cr; the latest was in March 2023.
The peers of Ostwal Phoschem (India) by revenue are Mangalore Chemicals and Fertilisers Limited, Nagarjuna Fertilizers and Chemicals Limited, Southern Petrochemical Industries Corporation Limited, Crystal Crop Protection Limited, all in the Agriculture industry (Fertilizers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Chandresh Jain was appointed as Additional Director on 17 Sep 2025. Priyanka Surana was appointed as Additional Director on 17 Sep 2025. Shruti Ostwal ceased to be Additional Director on 28 Sep 2021. Ostwal Phoschem (India) has 20 board changes on record in total.
Ostwal Phoschem (India) can be reached through the website ostwal.in. Its registered office is in Bhilwara, Rajasthan, India.
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