India's Richest People 2026 edition · 1 director · Source: Hurun India
- #408 Sailesh Chimanlal Mehta & family ₹9,100 Cr
Revenue · FY 2025
₹2,185.27 Cr
▲ 73% YoY
Net loss · FY 2025
₹207.48 Cr
Net margin -9.5%
EBITDA · FY 2025
₹119.8 Cr
EBITDA margin 5.5%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹25.48 Lakh
Issued & subscribed
Open charges
₹3,200 Cr
Satisfied ₹6,833.49 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
163
Provident fund records
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 2 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 8 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 4 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.
Company Details of Performance Chemiserve Limited
CIN U24239PN2006PLC022101
Registration Number 022101
Incorporation Date 01 March 2006
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 05 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Mahadhan Agritech Limited
Compliance Status Active Compliant
Name History
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
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 |
Key People
Madhumilan Parshuram Shinde Director Parul Sailesh Mehta Director Sailesh Chimanlal Mehta Director Recognitions & Rankings of Performance Chemiserve
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSai Hira Survey No. 93 Mundhwa, Pune, Maharashtra, India – 411036
- IndustryChemicals and Materials, Specialty Chemicals
Comprehensive company report
Performance Chemiserve 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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Associated Brands
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
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 |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Performance Chemiserve Limited
FY 2025 filings availablePerformance Chemiserve Limited reported revenue of ₹2,185.27 Cr (up 73% YoY) for FY 2025.
Revenue · FY 2025
₹2,185.27 Cr ▲ 73%
Net loss · FY 2025
₹207.48 Cr margin -9.5%
EBITDA · FY 2025
₹119.8 Cr margin 5.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 73%
3 years · compounded
▲ 500%
5 years · compounded
▲ 202%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 152%
5 years · compounded
▲ 97%
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
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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, and every line for FY 2020-21 to FY 2023-24, 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.
: available in the company report
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.
Current Directors and KMP
Showing 6 of 7 current directors and KMP. View all directors and KMP
Peer Comparison
Performance Chemiserve Limited is compared with the companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products). 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 |
| 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 |
| Hikal Limited Listed | ₹1,864.8 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
Peers are the companies nearest to Performance Chemiserve by revenue, above and below it, in the Chemicals industry (Specialty 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. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
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 |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Open charges
₹3,200 Cr
Satisfied charges
₹6,833.49 Cr
Breakdown by lending institutions
Latest charge details
| 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
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.
Total deals
8
Secondary share transfers
4
Rights issues
3
Funding round
1
Disclosed funding
₹79.23 Cr
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 |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Performance Chemiserve Limited has 13 court cases on record: 11 filed by Performance Chemiserve, 2 filed against it. 12 cases are pending and 1 is disposed.
Total cases
13
Filed by the company
11
Filed against the company
2
Pending
12
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 1 | 11 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| 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 |
| District court, Raigad, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
: available in 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
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 | •••• | •••• | •••• |
: available in the company report
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
Performance Chemiserve Limited has a workforce of 163 employees as of Apr 03, 2024.
Employee count
163
Active EPFO establishments
1
Employee growth
114.47%
: available in the company report
Recent Activity
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.
Charges
A charge with Others of Rs. 140,000.00 Lakh registered on 23 Aug 2023 with Charge ID 100774367 was modified on 07 Nov 2025.
Charges
A charge with Others amounted to Rs. 20,000.00 Lakh with Charge ID 101166306 was registered on 18 Sep 2025.
AGM
Performance Chemiserve Limited last Annual general meeting of members was held on 05 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 20,000.00 Lakh with Charge ID 101111329 was registered on 18 Jun 2025.
Filing
Performance Chemiserve Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Bantu Upendra Kumar Patro ceased to be CFO.
Charges
A charge with Others of Rs. 40,000.00 Lakh registered on 03 Mar 2025 with Charge ID 101060570 was modified on 10 Mar 2025.
Charges
A charge with Others of Rs. 50,000.00 Lakh registered on 03 Mar 2025 with Charge ID 101060803 was modified on 10 Mar 2025.
Charges
A charge with Others amounted to Rs. 40,000.00 Lakh with Charge ID 101060570 was registered on 03 Mar 2025.
Charges
A charge with Others amounted to Rs. 50,000.00 Lakh with Charge ID 101060803 was registered on 03 Mar 2025.
Charges
A charge registered on 02 Aug 2023 via Charge ID 100762660 with Others was fully satisfied on 20 Dec 2024.
Appointed
Pankaj Gupta was appointed as Company Secretary.
42 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Performance Chemiserve has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP8452F1ZA | Maharashtra | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
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 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
The latest financial statements of Performance Chemiserve on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 05 September 2025. Year-wise statements from 2015 are in the company report.
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 2 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, Aarti Drugs Limited, Fine Organic Industries Limited, Vinati Organics Limited, Iol Chemicals and Pharmaceuticals Limited and 3 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
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.
Performance Chemiserve has 12 MSME Form 1 returns on record between 2019 and 2024, listing 32 overdue payments to 9 micro and small suppliers. The latest return was filed on 15 May 2024.
Performance Chemiserve can be reached through the website pclindia.co.in. Its registered office is in Pune, Maharashtra, India.