- #408 Sailesh Chimanlal Mehta & family ₹9,100 Cr

About Performance Chemiserve Limited
Data last updated:
Performance Chemiserve Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Mahadhan Agritech Limited. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 01 March 2006 and has been in existence for over 20 years.
Its director Sailesh Chimanlal Mehta and family are #408 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U24239PN2006PLC022101. Its GSTIN is 27AADCP8452F1ZA (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25.48 Lakh. It was formerly known as Performance Chemiserve Private Limited. It is led by directors including Madhumilan Parshuram Shinde and Parul Sailesh Mehta.
Its last annual general meeting (AGM) was held on 05 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sai Hira Survey No. 93 Mundhwa, Pune, Maharashtra, India – 411036.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,185.27 Cr, a growth of 73% compared to the previous year. For the same year it recorded a net loss of ₹207.48 Cr (net margin -9.5%) and EBITDA of ₹119.8 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 500% over three years and 202% over five years.
The company has about 163 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Performance Chemiserve. As per MCA filings, the company has open charges of ₹3,200 Cr and satisfied charges of ₹6,833.49 Cr on record. Court records list 13 cases involving the company, including 11 filed by the company and 1 filed against it; 12 cases are pending. The company has 8 deals on record (4 secondary share transfers, 3 rights issues, 1 funding round), with disclosed funding of ₹79.23 Cr; the latest was in August 2020. Its 10 peer companies in the Chemicals industry (Specialty Chemicals) are compared by revenue, 5 larger and 5 smaller; the largest is Tagros Chemicals India Private Limited with revenue of ₹2,458.65 Cr. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 32 overdue payments to 9 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 pclindia.co.in.
Name History of Performance Chemiserve Limited
Performance Chemiserve has undergone 2 name changes throughout its history. The company was previously known as Performance Chemiserve Private Limited, and Performance Chemiserve Limited. The current legal name is Performance Chemiserve Limited.
| Company Name | Status |
|---|---|
| Performance Chemiserve Limited | Current |
| Performance Chemiserve Private Limited | Previous |
CIN History of Performance Chemiserve Limited
Performance Chemiserve has one previous CIN (Corporate Identification Number): U24239PN2006PTC022101. The current CIN is U24239PN2006PLC022101, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24239PN2006PLC022101 | Current |
| U24239PN2006PTC022101 | Previous |
Recognitions & Rankings of Performance Chemiserve
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSai Hira Survey No. 93 Mundhwa, Pune, Maharashtra, India – 411036
- IndustryChemicals and Materials, Specialty Chemicals
- 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
- One PDF report, delivered after checkout
Associated Brands with Performance Chemiserve Limited
Performance Chemiserve operates one associated brand: Performance Chemiserve. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Agricultural chemicals and fertilizers are manufactured for farming applications. | pclindia.co.in |
Business Activity of Performance Chemiserve Limited
The main business activity of Performance Chemiserve is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Performance Chemiserve Limited FY 2025 filings available
Performance Chemiserve Limited reported revenue of ₹2,185.27 Cr (up 73% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Performance Chemiserve Limited
Revenue has grown at a compounded annual rate (CAGR) of 202% over five years, including 73% growth in the latest year. EBITDA fell 2% 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 of Performance Chemiserve Limited
| 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 | ₹119.8 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹207.48 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Performance Chemiserve Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -9.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Performance Chemiserve are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Performance Chemiserve Limited
Performance Chemiserve Limited currently reports 6 directors and 1 key managerial person. 16 former directors have served the organization.
Peer Comparison of Performance Chemiserve Limited
Performance Chemiserve Limited is compared with the companies closest to it by revenue in the Chemicals industry (Specialty Chemicals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tagros Chemicals India Private Limited | ₹2,458.65 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Chennai, Tamil Nadu, India |
| Deepak Mining Solutions Limited | ₹2,451.25 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Pune, Maharashtra, India |
| Aarti Drugs Limited Listed | ₹2,403.39 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Thane, Maharashtra, India |
| Fine Organic Industries Limited Listed | ₹2,366.75 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Vinati Organics Limited Listed | ₹2,292.48 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Dist-Raigad, Maharashtra, India |
| Performance Chemiserve Limited this company | ₹2,185.27 Cr (FY 2025) | •••• | •••• | 73.0% | •••• | Pune, Maharashtra, India |
| Iol Chemicals and Pharmaceuticals Limited Listed | ₹2,101.62 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Barnala, Punjab, India |
| Rossari Biotech Limited Listed | ₹2,084.3 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Kutch Chemical Industries Limited | ₹1,985.16 Cr (FY 2024) | •••• | •••• | -33.0% | •••• | New Delhi, Delhi, India |
| Godavari Biorefineries Limited | ₹1,886.91 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Hikal Limited Listed | ₹1,864.8 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Performance Chemiserve by revenue in the Chemicals industry (Specialty Chemicals), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Performance Chemiserve Limited
Performance Chemiserve Limited is audited by B. K. Khare & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B. K. Khare & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Performance Chemiserve Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Performance Chemiserve Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Sep 2025 | Others | ₹200 Cr | Open |
| 18 Jun 2025 | Others | ₹200 Cr | Open |
| 03 Mar 2025 | Others | ₹400 Cr | Open |
| 03 Mar 2025 | Others | ₹500 Cr | Open |
| 17 Nov 2023 | Others | ₹500 Cr | Open |
Total charge records: 14 View all charges
Deals & Funding of Performance Chemiserve Limited
Performance Chemiserve Limited has 8 deals on record (4 secondary share transfers, 3 rights issues, 1 funding round), with disclosed funding of ₹79.23 Cr; the latest was in August 2020.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2020 | Rights issue | ₹224.99 Cr | Investors: Smartchem Technologies Limited |
| Sep 2018 | Rights issue | ₹299.99 Cr | Investors: Smartchem Technologies Limited |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Smartchem Technologies Limited |
| Oct 2017 | Rights issue | ₹40.01 Cr | Investors: Smartchem Technologies Limited , Robust Marketing Services Private Limited |
| Apr 2017 | Funding round | ₹79.23 Cr | Investors: Smartchem Technologies Limited |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Performance Chemiserve Limited
Performance Chemiserve Limited has 13 court cases on record: 11 filed by Performance Chemiserve, 1 filed against it, 1 where it is another party. 12 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 1 | 11 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Raigad, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed by the company against an individual | Pending |
Full case history
All 13 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Performance Chemiserve Limited
Performance Chemiserve Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 32 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Aarvi Encon Limited | •••• | •••• | •••• |
| Top Industrial Protection Security Group | •••• | •••• | •••• |
| Manjunatha Hospitality Services Private Limited | •••• | •••• | •••• |
| Dot Pest Control India Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 12 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Performance Chemiserve Limited
Performance Chemiserve Limited has a workforce of 163 employees as of Apr 03, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Performance Chemiserve Limited
Performance Chemiserve Limited has 23 board changes on record since 2011: 7 appointments and 16 cessations. The latest: Bantu Upendra Kumar Patro ceased to be CFO on 31 Mar 2025.
42 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Performance Chemiserve Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Performance Chemiserve Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Performance Chemiserve Limited
Performance Chemiserve has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP8452F1ZA | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Performance Chemiserve Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Performance Chemiserve Limited
Frequently Asked Questions about Performance Chemiserve Limited
Performance Chemiserve is an active public limited company based in Pune, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 01 March 2006 (20+ years old) and is registered under CIN U24239PN2006PLC022101.
Performance Chemiserve reported revenue of ₹2,185.27 Cr for FY 2025 (up 73% YoY).
Performance Chemiserve has 7 current directors and KMP:
- Madhumilan Parshuram Shinde - Director
- Parul Sailesh Mehta - Director
- Sailesh Chimanlal Mehta - Director
- Sitaram Kunte - Director
- Bhuwan Chandra Tripathi - Director
- Partha Sarathi Bhattacharyya - Director
- Pankaj Gupta - Company Secretary
Performance Chemiserve reported a net loss of ₹207.48 Cr (net margin -9.5%) and EBITDA of ₹119.8 Cr (EBITDA margin 5.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Performance Chemiserve is 500% over three years and 202% over five years. In the latest year (FY 2025) revenue rose 73%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Performance Chemiserve is 27AADCP8452F1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Performance Chemiserve is U24239PN2006PLC022101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Performance Chemiserve has 13 court cases on record: 11 filed by the company and 1 filed against it. 12 are pending. Most are in the district courts.
Performance Chemiserve was incorporated on 01 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Pune.
Performance Chemiserve has 8 deals on record (4 secondary share transfers, 3 rights issues, 1 funding round), with disclosed funding of ₹79.23 Cr; the latest was in August 2020.
The peers of Performance Chemiserve by revenue are Tagros Chemicals India Private Limited, Deepak Mining Solutions Limited, Aarti Drugs Limited, Fine Organic Industries Limited, Vinati Organics Limited and 5 more, all in the Chemicals industry (Specialty Chemicals).
Bantu Upendra Kumar Patro ceased to be CFO on 31 Mar 2025. Pankaj Gupta was appointed as Company Secretary on 01 Aug 2024. Pankaj Gupta ceased to be Company Secretary on 31 Jul 2024. Performance Chemiserve has 23 board changes on record in total.