MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-05-0000556
Panila Chem Limited - chemicals and materials in Bhavnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹201.62 Cr
▲ 83% YoY
Net profit · FY 2025
₹6.49 Cr
Net margin 3.2%
EBITDA · FY 2025
₹21.76 Cr
EBITDA margin 10.8%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹20.06 Cr
Issued & subscribed
Open charges
₹235.66 Cr
Satisfied ₹85.52 Cr
Company age
9 yrs
Est. 2017
Employees · EPFO
17
Provident fund records
About Panila Chem Limited
Data last updated:
Panila Chem Limited is a public limited company based in Bhavnagar, Gujarat, India. It operates in the organic chemicals and compounds segment of the chemicals and materials sector. It was incorporated on 23 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24303GJ2017PLC096453. Its GSTIN is 24AAJCP0778Q1ZQ (Gujarat).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹20.06 Cr. It is led by directors including Pankaj Nagindas Bhayani (Managing Director) and Rushabh Pankajbhai Bhayani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bhavnagar, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹201.62 Cr, a growth of 83% compared to the previous year. For the same year it recorded a net profit of ₹6.49 Cr (net margin 3.2%) and EBITDA of ₹21.76 Cr (EBITDA margin 10.8%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 15% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Panila Chem. As per MCA filings, the company has open charges of ₹235.66 Cr and satisfied charges of ₹85.52 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 2 cases are pending. The company has 8 deals on record (4 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹83.7 Lakh; the latest was in August 2021. Its 3 peer companies in the Chemicals industry (Organic Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 1 smaller; the largest is Greenergy Bio Refineries Private Limited with revenue of ₹215.88 Cr.
Panila Chem Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-05-0000556). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website panilachem.com.
Company details
CIN U24303GJ2017PLC096453
Registration Number 096453
Incorporation Date 23 March 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-05-0000556
Key People
Pankaj Nagindas Bhayani Managing Director Rushabh Pankajbhai Bhayani Whole-Time Director Aashisha Rushabh Bhayani Whole-Time Director Recognitions & Rankings of Panila Chem
Contact details
Panila Chem Limited's registered office is in Bhavnagar, Gujarat. Its website is panilachem.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressBhayaniskyline Plotno.1906/B – 1 Officeno.700 7 Thfloor Opp.Joggers, Park, Bhavnagar, Gujarat, India – 364001
- IndustryChemicals and Materials, Organic Chemicals & Compounds
To see the full contact details of Panila Chem Limited, buy the company report.
Comprehensive company report
Panila Chem 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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Brands
Panila Chem operates one associated brand: Panila Chem. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures industrial chemicals like ethanol and solvents for various sectors. | panilachem.com |
Business activity
The main business activity of Panila Chem 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 Panila Chem Limited, buy the company report.
Financials of Panila Chem Limited
FY 2025 filings availablePanila Chem Limited reported revenue of ₹201.62 Cr (up 83% YoY) for FY 2025.
Revenue · FY 2025
₹201.62 Cr ▲ 83%
Net profit · FY 2025
₹6.49 Cr margin 3.2%
EBITDA · FY 2025
₹21.76 Cr margin 10.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 83%
3 years · compounded
▲ 13%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 85%
3 years · compounded
▲ 15%
5 years · compounded
▲ 36%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 83% growth in the latest year. EBITDA rose 85% 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 | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹21.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.49 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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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 | 10.8% | ||||
| Net Profit Margin | 3.2% | ||||
| 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 Panila Chem Limited, buy the company report.
Board of directors of Panila Chem Limited
Panila Chem has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rushabh Pankajbhai Bhayani | Whole-Time Director | 23 Mar 2017 | 9 Years 7 Months | Current |
| Aashisha Rushabh Bhayani | Whole-Time Director | 23 Mar 2017 | 9 Years 7 Months | Current |
| Himanshu Bipinchandra Shah | Director | 06 Apr 2022 | 4 Years 7 Months | Current |
| Pankaj Nagindas Bhayani Also directs: Investment & Precision Castings Limited | Managing Director | 23 Mar 2017 | 9 Years 7 Months | Current |
| Virchandbhai Dharamchanddas Patel | Director | 06 Apr 2022 | 4 Years 7 Months | Current |
Peer comparison
Panila Chem Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Organic Chemicals), 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 |
|---|---|---|---|---|---|---|
| Greenergy Bio Refineries Private Limited | ₹215.88 Cr (FY 2025) | 36680.0% | Bengaluru, Karnataka, India | |||
| Hari Orgochem Pvt Ltd | ₹205.76 Cr (FY 2025) | 10.0% | Ahmedabad, Gujarat, India | |||
| Panila Chem Limitedthis company | ₹201.62 Cr (FY 2025) | ₹6.49 Cr | 3.2% | 83.0% | 17 | Bhavnagar, Gujarat, India |
| Windson Chemical Private Limited | ₹156.41 Cr (FY 2025) | 48.0% | Chikhli, Gujarat, India |
To see the full peer comparison of Panila Chem Limited, buy the company report.
Auditor
Panila Chem Limited is audited by B R POPAT & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B R POPAT & CO | FY 2023 | 107972W |
Shareholding
The shareholding of Panila Chem Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Panila Chem Limited, buy the company report.
Charges & borrowings
Open charges
₹235.66 Cr
Satisfied charges
₹85.52 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2025 | 101186929 | The Hongkong and Shanghai Banking Corporation Limited | ₹20 Cr | Open | |
| 23 Oct 2025 | 101186905 | The Hongkong and Shanghai Banking Corporation Limited | ₹13.75 Cr | Open | |
| 18 Nov 2022 | 100657298 | Others | ₹30 Cr | Open | |
| 09 Feb 2018 | 100157532 | Hdfc Bank Limited | ₹171.91 Cr | Open | |
| 14 Nov 2018 | 100221153 | State Bank of India | ₹42.76 Cr | Satisfied |
To see the full charge records of Panila Chem Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Panila Chem Limited has 8 deals on record (4 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹83.7 Lakh; the latest was in August 2021.
Total deals
8
Rights issues
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹83.7 Lakh
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Rights issue | ₹10.24 Cr | Investors: 4 individuals |
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: Pankaj Nagindas Bhayani Huf Seller: an individual |
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: Rushabh Pankaj Bhayani Huf Seller: an individual |
| Oct 2019 | Rights issue | ₹80 Lakh | Investors: 2 individuals |
| Jan 2019 | Funding round | ₹45.5 Lakh | Investors: 4 individuals |
To see the full deal history of Panila Chem 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
Panila Chem Limited has 3 court cases on record: 3 filed by Panila Chem. 2 cases are pending and 1 is disposed.
Total cases
3
Filed by the company
3
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 2 others | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 3 others | Pending |
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra Through Principal Secretary and Anr. | Disposed |
To see the full case history of Panila Chem 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
Panila Chem Limited was last rated by Care on 01 Dec 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Dec 2022 |
To see the full credit ratings and regulatory alerts of Panila Chem Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Panila Chem Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Panila Chem Limited has a workforce of 17 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
17
Active EPFO establishments
1
Employee growth
-10.5%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 17 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Panila Chem Limited, buy the company report.
GST
Panila Chem has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCP0778Q1ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Panila Chem Limited, buy the company report.
Recent activity
Panila Chem Limited has 5 board changes on record since 2017: 5 appointments. The latest: Himanshu Bipinchandra Shah was appointed as Director on 06 Apr 2022.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 20.00 Cr with Charge ID 101186929 was registered on 03 Nov 2025.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 13.75 Cr with Charge ID 101186905 was registered on 23 Oct 2025.
AGM
Panila Chem Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Panila Chem Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 14 Nov 2018 via Charge ID 100221153 with State Bank Of India was fully satisfied on 26 Mar 2025.
Charges
A charge registered on 14 Nov 2018 via Charge ID 100221154 with State Bank Of India was fully satisfied on 26 Mar 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 171.91 Cr registered on 09 Feb 2018 with Charge ID 100157532 was modified on 21 Jan 2025.
Charges
A charge with State Bank Of India of Rs. 42.76 Cr registered on 14 Nov 2018 with Charge ID 100221153 was modified on 25 Nov 2022.
Charges
A charge with State Bank Of India of Rs. 42.76 Cr registered on 14 Nov 2018 with Charge ID 100221154 was modified on 25 Nov 2022.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 100657298 was registered on 18 Nov 2022.
Appointed
Himanshu Bipinchandra Shah was appointed as Director.
Appointed
Virchandbhai Dharamchanddas Patel was appointed as Director.
7 earlier events are in the company report.
Frequently asked questions
Panila Chem is an active public limited company based in Bhavnagar, Gujarat, India. The company works in organic chemicals and compounds, within the chemicals and materials industry. It was incorporated on 23 March 2017 (9+ years old) and is registered under CIN U24303GJ2017PLC096453.
Panila Chem has 5 current directors:
- Pankaj Nagindas Bhayani - Managing Director
- Rushabh Pankajbhai Bhayani - Whole-Time Director
- Aashisha Rushabh Bhayani - Whole-Time Director
- Himanshu Bipinchandra Shah - Director
- Virchandbhai Dharamchanddas Patel - Director
The latest financial statements of Panila Chem on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Panila Chem is 24AAJCP0778Q1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Panila Chem is U24303GJ2017PLC096453. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panila Chem has 3 court cases on record: 3 filed by the company. 2 are pending.
Panila Chem was incorporated on 23 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Panila Chem has 8 deals on record (4 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹83.7 Lakh; the latest was in August 2021.
The peers of Panila Chem by revenue are Greenergy Bio Refineries Private Limited, Hari Orgochem Pvt Ltd, Windson Chemical Private Limited, all in the Chemicals industry (Organic Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Himanshu Bipinchandra Shah was appointed as Director on 06 Apr 2022. Virchandbhai Dharamchanddas Patel was appointed as Director on 06 Apr 2022. Aashisha Rushabh Bhayani was appointed as Whole-Time Director on 23 Mar 2017. Panila Chem has 5 board changes on record in total.
Yes, Panila Chem is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-05-0000556).
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