Pil Chemicals Limited
About Pil Chemicals Limited
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Pil Chemicals Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Nocil Limited. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 15 March 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH2002PLC135201. Its GSTIN is 24AAGCS1133F1ZU (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.35 Cr. It was formerly known as Panner Pharmacaps (India) Private Limited and Pil Chemicals Private Limited. It is led by directors including Rajendra Manibhai Desai and Srinivasan Parameswaran.
Its last annual general meeting (AGM) was held on 24 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mafatlal House H.T.Parekh Marg Backbay Reclamation Churchgate, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2026, the company reported a revenue of ₹18.04 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹2.01 Cr (net margin 11.1%) and EBITDA of ₹3.99 Cr (EBITDA margin 22.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 3% over five years.
The company has about 72 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: NOCIL. As per MCA filings, the company has open charges of ₹1.69 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Pil Chemicals has undergone 3 name changes throughout its history. The company was previously known as Panner Pharmacaps (India) Private Limited, Pil Chemicals Private Limited, and Sushripada Plastics Private Limited. The current legal name is Pil Chemicals Limited.
| Company Name | Status |
|---|---|
| Pil Chemicals Limited | Current |
| Panner Pharmacaps (India) Private Limited | Previous |
| Pil Chemicals Private Limited | Previous |
| Sushripada Plastics Private Limited | Previous |
CIN history
Pil Chemicals has one previous CIN (Corporate Identification Number): U25209MH2002PTC135201. The current CIN is U25209MH2002PLC135201, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209MH2002PLC135201 | Current |
| U25209MH2002PTC135201 | Previous |
Contact details
Pil Chemicals Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressMafatlal House H.T.Parekh Marg Backbay Reclamation Churchgate, Mumbai, Maharashtra, India – 400020
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Pil Chemicals Limited, buy the company report.
- 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
Business activity
The main business activity of Pil Chemicals 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 Pil Chemicals Limited, buy the company report.
Financials of Pil Chemicals Limited
FY 2025 filings availablePil Chemicals Limited reported revenue of ₹18.04 Cr (up 3% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 3% growth in the latest year. EBITDA rose 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹3.99 Cr | ||||
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| Net Profit (PAT) | ₹2.01 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.1% | ||||
| Net Profit Margin | 11.1% | ||||
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To see the full financial statements and ratios of Pil Chemicals Limited, buy the company report.
Board of directors of Pil Chemicals Limited
Pil Chemicals has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Manibhai Desai | Director | 01 Oct 2015 | 11 Years 0 Months | Current |
| Srinivasan Parameswaran | Director | 01 Dec 2006 | 19 Years 10 Months | Current |
| Narendra Digambar Gangal | Additional Director | 03 Feb 2026 | 0 Years 8 Months | Current |
Peer comparison
Pil Chemicals Limited is compared with the 8 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), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pil Chemicals Limitedthis company | ₹18.04 Cr (FY 2026) | ₹2.01 Cr | 11.1% | 3.0% | 72 | Mumbai, Maharashtra, India |
| DCM Nouvelle Specialty Chemicals Limited | ₹17.63 Cr (FY 2025) | 15714.0% | New Delhi, Delhi, India | |||
| Bromchem Laboratories Private Limited | ₹17.58 Cr (FY 2024) | -20.0% | Lunej, Gujarat, India | |||
| Maksons Fine Chem Private Limited | ₹17.53 Cr (FY 2024) | -4.0% | Ankleshwar, Gujarat, India | |||
| Yashdeep Chemicals (India) Private Limited | ₹17.47 Cr (FY 2017) | 10.0% | Mumbai, Maharashtra, India | |||
| Sreyes Syntans Private Limited | ₹17.47 Cr (FY 2025) | -17.0% | Chennai, Tamil Nadu, India | |||
| Dutta Daw & Co Pvt Ltd | ₹17.47 Cr (FY 2024) | -15.0% | Kolkata, West Bengal, India | |||
| Jagannath Halogen Private Limited | ₹17.39 Cr (FY 2024) | -31.0% | Jaipur, Rajasthan, India | |||
| Sivashakthi Laboratories Private Limited | ₹17.38 Cr (FY 2025) | -42.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Pil Chemicals Limited, buy the company report.
Auditor
Pil Chemicals Limited is audited by N A SHAH ASSOCIATES LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N A SHAH ASSOCIATES LLP | FY 2021 | 116560W |
Shareholding
The shareholding of Pil Chemicals Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Pil Chemicals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2001 | 90357595 | The Hongkong & Shanghai Banking Corporatio Ltd. | ₹22 Lakh | Open | |
| 30 Jun 1998 | 90357444 | .The Hongkong & Shanghai Banking Corporatio Ltd. | ₹1.47 Cr | Open |
To see the full charge records of Pil Chemicals Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Pil Chemicals Limited has 3 court cases on record: 3 filed by Pil Chemicals. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Pil Chemicals 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 Pil Chemicals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pil Chemicals Limited has a workforce of 72 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Pil Chemicals has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCS1133F1ZU | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pil Chemicals Limited, buy the company report.
Recent activity
Pil Chemicals Limited has 11 board changes on record since 2006: 4 appointments and 7 cessations. The latest: Narendra Digambar Gangal was appointed as Additional Director on 03 Feb 2026.
5 earlier events are in the company report.
Frequently asked questions
Pil Chemicals is an active public limited company based in Mumbai, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 15 March 2002 (24+ years old) and is registered under CIN U25209MH2002PLC135201.
Pil Chemicals has 3 current directors:
- Rajendra Manibhai Desai - Director
- Srinivasan Parameswaran - Director
- Narendra Digambar Gangal - Additional Director
The latest financial statements of Pil Chemicals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pil Chemicals is 24AAGCS1133F1ZU, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Pil Chemicals is U25209MH2002PLC135201. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pil Chemicals has 3 court cases on record: 3 filed by the company.
Pil Chemicals was incorporated on 15 March 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Pil Chemicals by revenue are DCM Nouvelle Specialty Chemicals Limited, Bromchem Laboratories Private Limited, Maksons Fine Chem Private Limited, Yashdeep Chemicals (India) Private Limited, Sreyes Syntans Private 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).
Narendra Digambar Gangal was appointed as Additional Director on 03 Feb 2026. Chinmoy Nandi ceased to be Director Appointed In Casual Vacancy on 20 Jul 2020. Anuja Sudhir Bhate ceased to be Company Secretary on 10 Jun 2020. Pil Chemicals has 11 board changes on record in total.
The registered office of Pil Chemicals is at Mafatlal House H.T.Parekh Marg Backbay Reclamation Churchgate, Mumbai, Maharashtra, India – 400020.
Pil Chemicals operates in the chemicals and materials industry, in the specialty chemicals segment.