Panama Petrochem Limited - Company Profile

Q: Who are the current directors of Panama Petrochem Limited?

The current directors of Panama Petrochem Limited are Almas Satyen Nanda, Samir Akbarali Rayani, Arvind Maganlal Shah, Hussein Vazirali Rayani, Gayatri Sharma, Kumar Raju Nandimandalam, Arif Amirali Rayani, Ashok Bhulchand Mukhi, Amirali Essabhai Rayani, Pramod Kumar Maheshwari.

It is a chemicals and materials public limited company based in Ankleshwar, Gujarat, India, established in 1982.

1982 Ankleshwar, Gujarat, India Active

Last Updated: February 06, 2026

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About Panama Petrochem Limited

Panama Petrochem Limited, a active public limited company, was established on 09 March 1982 in Ankleshwar, Gujarat, India. Engaging in petrochemicals & derivatives within the manufacturing sector, it holds CIN: L23209GJ1982PLC005062. Registered under ROC Roc Ahmedabad. it is listed on BSE: 524820 and NSE: PANAMAPET. It has an authorized capital of ₹25.55 Cr and a paid-up capital of ₹12.10 Cr.

Formerly known as Panama Petrochem Private Limited. It upholds a compliant status. In 2023, it reported revenue of ₹1,714.46 Cr and a net worth of ₹770.68 Cr. Employing 130 professional, Its leadership includes Almas Satyen Nanda (Director), Arvind Maganlal Shah (Director), Hussein Vazirali Rayani (Managing Director). Past directors included Sanjay Khare, Arvind Maganlal Shah, Mansoorali Valimohamed Isani. It holds ₹773.00 Cr open charges and ₹1,009.65 Cr settled loans. Its latest AGM occurred on 09 September 2025, with the balance sheet filed on 31 March 2025. It is based at Plot No 3303, Gidc Estate, Ankleshwar, Gujarat, 393002.

Company Details

CIN/LLPIN
L23209GJ1982PLC005062
Registration Number
005062
Incorporation Date
09 March 1982
Authorized Capital
₹25.55 Cr
Paid-Up Capital
₹12.10 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 524820, NSE: PANAMAPET)
Company Status
Active

Key Metrics

Authorised Capital ₹ 25.55 Cr as on 06-02-2026
Paid Up Capital ₹ 12.10 Cr as on 06-02-2026
Company Age 43 Year, 11 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 773.00 Cr as on 06-02-2026
Satisfied Charges ₹ 1,009.65 Cr as on 06-02-2026
Revenue Growth **** 10.96% (FY 2023)
Profit Growth **** 5.35% (FY 2023)
Ebitda **** 8.94% (FY 2023)
Net Worth 19.31% (FY 2023)
Total Assets -4.81% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Panama Petrochem Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Panama Petrochem Limited?

Current Directors

Name	Designation	Appointment Date	Status
Almas Satyen Nanda	Director	13 Feb 2025	Current
Arvind Maganlal Shah	Director	01 Aug 2023	Current
Hussein Vazirali Rayani	Managing Director	26 Sep 2016	Current
Kumar Raju Nandimandalam	Director	10 Aug 2018	Current
Arif Amirali Rayani	Whole-Time Director	01 Aug 2023	Current
Samir Akbarali Rayani	Ceo	01 Oct 2023	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Company Secretary	18 Dec 2008	Past
Pramod Abcsdd	Additional Director	28 Aug 2023	Past
Pramod Abcsdd	Director	31 Aug 2007	Past
Pramod Abcsdd	Director	26 Sep 2016	Past
Pramod Abcsdd	Director	15 Oct 2012	Past
Pramod Abcsdd	Additional Director	17 Sep 2019	Past

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Financial Performance of Panama Petrochem.

Panama Petrochem Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 10.96% increase. The company also saw a slight improvement in profitability, with a 5.35% increase in profit. The company's net worth Soared by an impressive increase of 19.31%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

10.96%

*******

Revenue from Operations

*******

10.96%

*******

Total Assets

*******

-4.81%

*******

Profit or Loss

*******

5.35%

*******

Net Worth

*******

19.31%

*******

EBITDA

*******

8.94%

*******

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What is the Ownership and Shareholding Structure of Panama Petrochem?

In 2023, Panama Petrochem had a promoter holding of 58.54% and a public holding of 41.46%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹7,730,000,000.00

Satisfied Charges

₹10,096,500,000.00

Charges Breakdown by Lending Institutions

Others : 281.00 Cr
Hdfc Bank Limited : 130.00 Cr
Citi Bank N.A. : 95.00 Cr
Axis Bank Limited : 90.00 Cr
Idbi Bank Limited : 65.00 Cr
Others : 112.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
28 Feb 2020	Others	₹80.00 Cr	Open
18 Dec 2017	Axis Bank Limited	₹90.00 Cr	Open
17 Nov 2017	Others	₹65.00 Cr	Open
30 Jan 2017	Hdfc Bank Limited	₹130.00 Cr	Open
28 Dec 2016	Others	₹96.00 Cr	Open

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How Many Employees Work at Panama Petrochem?

Panama Petrochem has a workforce of 130 employees as of Mar 28, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Panama Petrochem, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Panama Petrochem's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Panama Petrochem

Recent Activity within the Organization

Annual General Meeting

The activity Panama Petrochem Limited last Annual general meeting of members was held on 09 Sep 2025 as per latest MCA records. was completed.
09 Sep 2025
Balance Sheet

The activity Panama Petrochem Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was completed.
31 Mar 2025
Director Appointment

Progress on Almas Satyen Nanda was appointed as a Director was appointed as a Director on 13 Feb 2025 & has been associated with this company since 1 year 17 days . was documented.
13 Feb 2025
Director Appointment

The activity Samir Akbarali Rayani was appointed as a CEO was appointed as a CEO on 01 Oct 2023 & has been associated with this company since 2 years 5 months . was completed.
01 Oct 2023
Director Appointment

Samir Akbarali Rayani was appointed as a CEO was appointed as a CEO on 01 Oct 2023 & has been associated with this company since 2 years 5 months . was recorded as a recent event.
01 Oct 2023
Director Appointment

Arvind Maganlal Shah was appointed as a Director was appointed as a Director on 01 Aug 2023 & has been associated with this company since 2 years 7 months . was recorded as a recent event.
01 Aug 2023

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