Popawala Chemicals Private Limited

Popawala Chemicals Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U24110MH2003PTC139232 Incorporated 19 February 2003 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company chemicals and materials MSME · Medium
Data last updated
Revenue · FY 2024
₹229.75 Cr
▲ 31% YoY
Net profit · FY 2024
₹23.56 Lakh
Net margin 0.1%
EBITDA · FY 2024
₹6.21 Cr
EBITDA margin 2.7%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹46 Lakh
Issued & subscribed
Open charges
₹75.8 Cr
Secured borrowings
Company age
23 yrs
Est. 2003
Directors on board
4
As per MCA filings

About Popawala Chemicals Private Limited

Data last updated:

Popawala Chemicals Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 19 February 2003 and has been in existence for over 23 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH2003PTC139232. Its GSTIN is 27AADCP0214H1ZU (Maharashtra). The company holds 3 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹46 Lakh. It is led by directors including Akshay Hiren Popawala and Hiren Balkrishna Popawala.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.

As per the financials filed for FY 2024, the company reported a revenue of ₹229.75 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹23.56 Lakh (net margin 0.1%) and EBITDA of ₹6.21 Cr (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years and 46% over five years.

As per MCA filings, the company has open charges of ₹75.8 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 1 case is pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1.8 Cr; the latest was in May 2022. Its 6 peer companies in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 3 larger and 3 smaller; the largest is Keepsafe Traders Pvt Ltd with revenue of ₹234.45 Cr.

Popawala Chemicals Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0053296). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website popawala.com.

Company details

CIN U24110MH2003PTC139232
Registration Number 139232
Incorporation Date 19 February 2003
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0053296
Key People
Akshay Hiren Popawala Director Hiren Balkrishna Popawala Director Balkrishna Natvarlal Popawala Director

Recognitions & Rankings of Popawala Chemicals

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-19-0053296

Contact details

Popawala Chemicals Private Limited's registered office is in Mumbai, Maharashtra. Its website is popawala.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    popawala.com
  • Registered Address
    18 4th Floor Rajmahal Building, Veer Nariman Road Churchgate, Mumbai, Maharashtra, India – 400020
  • Industry
    Chemicals and Materials, Chemical Distribution & Retail

To see the full contact details of Popawala Chemicals Private Limited, buy the company report.

Comprehensive company report
Popawala Chemicals Private 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

The main business activity of Popawala Chemicals is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Popawala Chemicals Private Limited, buy the company report.

Financials of Popawala Chemicals Private Limited

FY 2024 filings available

Popawala Chemicals Private Limited reported revenue of ₹229.75 Cr (up 31% YoY) for FY 2024.

Revenue · FY 2024
₹229.75 Cr ▲ 31%
Net profit · FY 2024
₹23.56 Lakh margin 0.1%
EBITDA · FY 2024
₹6.21 Cr margin 2.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 31%
3 years · compounded
▲ 52%
5 years · compounded
▲ 46%
EBITDA CAGR growth
1 year
▲ 64%
3 years · compounded
▲ 3%
5 years · compounded
▲ 17%

Revenue has grown at a compounded annual rate (CAGR) of 46% over five years, including 31% growth in the latest year. EBITDA rose 64% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹6.21 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹23.56 Lakh
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin2.7%
Net Profit Margin0.1%
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

To see the full financial statements and ratios of Popawala Chemicals Private Limited, buy the company report.

Board of directors of Popawala Chemicals Private Limited

Popawala Chemicals has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Akshay Hiren PopawalaDirector01 Aug 201214 Years 3 MonthsCurrent
Hiren Balkrishna PopawalaDirector19 Feb 200323 Years 8 MonthsCurrent
Balkrishna Natvarlal PopawalaDirector19 Feb 200323 Years 8 MonthsCurrent
Rahul Hiren PopawalaDirector01 Aug 201214 Years 3 MonthsCurrent
View all directors

Peer comparison

Popawala Chemicals Private Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Keepsafe Traders Pvt Ltd₹234.45 Cr (FY 2025)2.0%Kolkata, West Bengal, India
Karan Monomer's Private Limited₹233.46 Cr (FY 2025)22.0%Mumbai, Maharashtra, India
Tokyo Zairyo (India) Private Limited₹233.25 Cr (FY 2025)6.0%Gurugram, Haryana, India
Popawala Chemicals Private Limitedthis company₹229.75 Cr (FY 2024)₹23.56 Lakh0.1%31.0%Mumbai, Maharashtra, India
Chemical Corp Private Limited₹226.91 Cr (FY 2025)8.0%Mumbai, Maharashtra, India
Annu Polychem Private Limited₹222.09 Cr (FY 2025)11.0%Delhi, India
Goverdhan Energy and Petrochemicals Private Limited₹221.55 Cr (FY 2025)15.0%Nagpur, Maharashtra, India

To see the full peer comparison of Popawala Chemicals Private Limited, buy the company report.

Auditor

Popawala Chemicals Private Limited is audited by P. M. Parikh & Co for the financial year 2023.

Auditor firmFinancial yearFirm registration number
P. M. Parikh & CoFY 2023107569W

Shareholding

The shareholding of Popawala Chemicals Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Popawala Chemicals Private Limited, buy the company report.

Charges & borrowings

Open charges
₹75.8 Cr
Satisfied charges
None
Breakdown by lending institutions
Standard Chartered Bank₹39.65 Cr
Others₹21.15 Cr
Citi Bank N.A.₹15.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
11 Apr 2023100701541Others₹44.3 LakhOpen
10 Mar 2022100555048Citi Bank N.A.₹15 CrOpen
14 Dec 2021100510138Others₹50.22 LakhOpen
26 Aug 2021100490247Standard Chartered Bank₹9.65 CrOpen
26 Aug 2021100490248Standard Chartered Bank₹30 CrOpen

To see the full charge records of Popawala Chemicals Private Limited, buy the company report.

Total charge records: 7 View all charges

Deals & funding

Popawala Chemicals Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1.8 Cr; the latest was in May 2022.

Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹1.8 Cr

Deals on record (3 of 3)

WhenDealAmountParties
May 2022Secondary share transferUndisclosedBuyer: 3 individuals
Seller: an individual
Oct 2018Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2009Funding round₹1.8 CrInvestors: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Popawala Chemicals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Popawala Chemicals has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AADCP0214H1ZUMaharashtraActive01 Jul 2017
33AADCP0214H1Z1Tamil NaduActive09 Sep 2020

To see the full GST registrations and return filing status of Popawala Chemicals Private Limited, buy the company report.

Recent activity

Popawala Chemicals Private Limited has 7 board changes on record since 2003: 4 appointments and 3 cessations. The latest: Bharati Balkrishna Popawala ceased to be Director on 27 Jul 2018.

AGM
Popawala Chemicals Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Popawala Chemicals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 44.30 Lakh with Charge ID 100701541 was registered on 11 Apr 2023.
Charges
A charge with Citi Bank N.A. of Rs. 1,500.00 Lakh registered on 10 Mar 2022 with Charge ID 100555048 was modified on 21 Feb 2023.
Charges
A charge with Standard Chartered Bank of Rs. 965.00 Lakh registered on 26 Aug 2021 with Charge ID 100490247 was modified on 27 Oct 2022.
Charges
A charge with Standard Chartered Bank of Rs. 3,000.00 Lakh registered on 26 Aug 2021 with Charge ID 100490248 was modified on 27 Oct 2022.
Charges
A charge with Citi Bank N.A. amounted to Rs. 1,500.00 Lakh with Charge ID 100555048 was registered on 10 Mar 2022.
Charges
A charge with Others amounted to Rs. 50.22 Lakh with Charge ID 100510138 was registered on 14 Dec 2021.
Charges
A charge with Standard Chartered Bank amounted to Rs. 965.00 Lakh with Charge ID 100490247 was registered on 26 Aug 2021.
Charges
A charge with Standard Chartered Bank amounted to Rs. 3,000.00 Lakh with Charge ID 100490248 was registered on 26 Aug 2021.
Charges
A charge with Others of Rs. 2,000.00 Lakh registered on 31 Mar 2008 with Charge ID 10210752 was modified on 17 Feb 2021.
Ceased
Bharati Balkrishna Popawala ceased to be Director.

9 earlier events are in the company report.

Frequently asked questions

Popawala Chemicals is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 19 February 2003 (23+ years old) and is registered under CIN U24110MH2003PTC139232.

Popawala Chemicals has 4 current directors:

The latest financial statements of Popawala Chemicals on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Popawala Chemicals is 27AADCP0214H1ZU, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 33AADCP0214H1Z1 (Tamil Nadu).

The CIN (Corporate Identification Number) of Popawala Chemicals is U24110MH2003PTC139232. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Popawala Chemicals has 6 court cases on record: 4 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.

Popawala Chemicals was incorporated on 19 February 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.

Popawala Chemicals has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1.8 Cr; the latest was in May 2022.

The peers of Popawala Chemicals by revenue are Keepsafe Traders Pvt Ltd, Karan Monomer's Private Limited, Tokyo Zairyo (India) Private Limited, Chemical Corp Private Limited, Annu Polychem Private Limited and 1 more, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading).

Bharati Balkrishna Popawala ceased to be Director on 27 Jul 2018. Akshay Hiren Popawala ceased to be Additional Director on 10 Sep 2012. Rahul Hiren Popawala ceased to be Additional Director on 10 Sep 2012. Popawala Chemicals has 7 board changes on record in total.

Yes, Popawala Chemicals is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0053296).