About Primacy Industries Private Limited
Data last updated:
Primacy Industries Private Limited is a private limited company based in Manipal, Karnataka, India, a subsidiary of Gp Global Limited Ltd. It operates in the personal care and skincare products segment of the FMCG sector. It was incorporated on 03 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24242KA2004PTC034633. Its GSTIN is 29AADCP3568L1ZU (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹632 Cr and a paid-up capital of ₹53.12 Cr. It was formerly known as Primacy Industries Limited. It is led by directors Tonse Gautham Pai (Managing Director) and Kalsank Umesh Kini.
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 Udayavani Buildingmanipal, Karnataka, India – 576104.
As per the financials filed for FY 2025, the company reported a revenue of ₹699.56 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹10.22 Cr (net margin -1.5%) and EBITDA of ₹40.71 Cr (EBITDA margin 5.8%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 10% over five years.
The company has about 601 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Primacy Industries. As per MCA filings, the company has open charges of ₹146.11 Cr and satisfied charges of ₹621.49 Cr on record. Court records list 34 cases involving the company, including 24 filed by the company and 9 filed against it; 8 cases are pending. The company has 14 deals on record (7 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹52.14 Cr; the latest was in September 2021. Its 10 peer companies in the FMCG industry (Personal Care and Skin Care) are compared by revenue, 5 larger and 5 smaller; the largest is VTC Tradewings Private Limited with revenue of ₹795.1 Cr. The company has 11 MSME Form 1 returns on record between 2021 and 2024, listing 3,138 overdue payments to 179 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 primacyind.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUdayavani Buildingmanipal, Karnataka, India – 576104
- IndustryFMCG, Personal Care & Skincare Products
- 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
Business Activity of Primacy Industries Private Limited
The main business activity of Primacy Industries 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 Primacy Industries Private Limited FY 2025 filings available
Primacy Industries Private Limited reported revenue of ₹699.56 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Primacy Industries Private Limited
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA fell 13% 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 Primacy Industries Private 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 | ₹40.71 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹10.22 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 Primacy Industries Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.5% | •••• | •••• | •••• | •••• |
| 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 Primacy Industries 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.
Peer Comparison of Primacy Industries Private Limited
Primacy Industries Private Limited is compared with the companies closest to it by revenue in the FMCG industry (Personal Care and Skin Care). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| VTC Tradewings Private Limited | ₹795.1 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | New Delhi, Delhi, India |
| Nobel Hygiene Private Limited | ₹775.27 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Sinnar, Maharashtra, India |
| Pritam International Private Limited | ₹758.46 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Kolkata, West Bengal, India |
| RSH Global Private Limited | ₹719.2 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Kolkata, West Bengal, India |
| Hygienic Research Institute Private Limited | ₹710.87 Cr (FY 2023) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Primacy Industries Private Limited this company | ₹699.56 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Manipal, Karnataka, India |
| Pan Healthcare Private Limited | ₹695.17 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Rajkot, Gujarat, India |
| Sanghvi Beauty & Technologies Private Limited | ₹638.5 Cr (FY 2023) | •••• | •••• | 176.0% | •••• | Pune, Maharashtra, India |
| Mcnroe Consumer Products Private Limited | ₹624.36 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Kolkata, West Bengal, India |
| Asclepius Wellness Private Limited | ₹614.89 Cr (FY 2023) | •••• | •••• | 17.0% | •••• | Jaipur, Rajasthan, India |
| Hamilton Sciences Private Limited | ₹612.16 Cr (FY 2024) | •••• | •••• | 481.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Primacy Industries by revenue in the FMCG industry (Personal Care and Skin Care), 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 Primacy Industries Private Limited
Primacy Industries Private Limited is audited by Sriramulu Naidu & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sriramulu Naidu & 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.
Board of Directors of Primacy Industries Private Limited
Primacy Industries has 2 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tonse Gautham Pai Also directs: La Scenteur Fragrance LLP, Manipal Technologies Limited, Manipal Payment and Identity Solutions Limited and 1 more | Managing Director | 03 Sep 2004 | 22 Years 1 Months | Current |
| Kalsank Umesh Kini Also directs: Icds Limited, Manipal Thomas Greg Press Private Limited, Mangalore Scents Private Limited and 5 more | Director | 13 Jul 2020 | 6 Years 3 Months | Current |
Ownership and Shareholding of Primacy Industries Private 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 Primacy Industries Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2021 | Others | ₹32 Cr | Open |
| 31 Oct 2018 | Abhyudaya Co-Operative Bank Limited | ₹14 Cr | Open |
| 31 Oct 2017 | Others | ₹29.54 Cr | Open |
| 22 Mar 2017 | Abhyudaya Co-Operative Bank Limited | ₹30.08 Cr | Open |
| 06 Sep 2016 | Others | ₹29.54 Cr | Open |
Total charge records: 22 View all charges
Deals & Funding of Primacy Industries Private Limited
Primacy Industries Private Limited has 14 deals on record (7 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹52.14 Cr; the latest was in September 2021.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: Manipal Media Network Limited Seller: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Sharath Investments Private Limited |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Sharath Investments Private Limited Seller: an individual |
| Apr 2008 | Funding round | ₹1.99 Cr | Investors: Sharath Investments Private Limited , 3 individuals |
| Aug 2006 | Funding round | ₹3.06 Cr | Investors: 4 individuals |
Full deal history
All 14 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 Primacy Industries Private Limited
Primacy Industries Private Limited has 34 court cases on record: 24 filed by Primacy Industries, 9 filed against it, 1 where it is another party. 8 cases are pending and 26 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 6 | 7 |
| High courts | 10 | 3 | 1 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, UDUPI, Karnataka | Court case (Com.O.S.) | Filed by the company against Agi Greenpac Limited | Pending |
| District court, UDUPI, Karnataka | Court case (Com.O.S.) | Filed by the company against RKRM International Products Private Limited | Pending |
| District court, UDUPI, Karnataka | Court case (Com.O.S.) | Filed by the company against Shakambari Enterprises (India) Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Hariharan Logistics Private Limited | Disposed |
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by Ial India Private Limited | Disposed |
Full case history
All 34 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 Primacy Industries Private Limited
Primacy Industries Private Limited has 11 MSME Form 1 returns on record between 2021 and 2024, listing 3,138 overdue payments to 179 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 179)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Metal Impacts Private Limited | •••• | •••• | •••• |
| Raja Crowns and Cans Private Limited | •••• | •••• | •••• |
| JKPL Utility Packaging Solutions Private Limited | •••• | •••• | •••• |
| Primacy Consumer Products Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 11 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.
Associated Brands with Primacy Industries Private Limited
Primacy Industries operates one associated brand: Primacy Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Scented candles, air, personal care, and hygiene products are contract-manufactured. | primacyind.com |
Employees and EPFO Compliance at Primacy Industries Private Limited
Primacy Industries Private Limited has a workforce of 601 employees as of Mar 29, 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.
Group Structure of Primacy Industries Private Limited
Primacy Industries has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Primacy Global Enterprises Private Limited | U51900KA2010PTC055404 | Locked |
Showing major subsidiaries. Total: 1.
Name History of Primacy Industries Private Limited
Primacy Industries has undergone 2 name changes throughout its history. The company was previously known as Primacy Industries Private Limited, and Primacy Industries Limited. The current legal name is Primacy Industries Private Limited.
| Company Name | Status |
|---|---|
| Primacy Industries Private Limited | Current |
| Primacy Industries Limited | Previous |
CIN History of Primacy Industries Private Limited
Primacy Industries has one previous CIN (Corporate Identification Number): U24242KA2004PLC034633. The current CIN is U24242KA2004PTC034633, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24242KA2004PTC034633 | Current |
| U24242KA2004PLC034633 | Previous |
Recent Activity on Primacy Industries Private Limited
Primacy Industries Private Limited has 22 board changes on record since 2004: 2 appointments and 20 cessations. The latest: Prabhakara Dayananda Kamath ceased to be CFO on 01 Jul 2024.
61 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Primacy Industries Private 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 Primacy Industries Private 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 Primacy Industries Private Limited
Primacy Industries has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCP3568L1ZU | Karnataka | Active | 01 Jul 2017 |
| 24AADCP3568L1Z4 | Gujarat | 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 Primacy Industries Private 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 Primacy Industries Private Limited
Frequently Asked Questions about Primacy Industries Private Limited
Primacy Industries is an active private limited company based in Manipal, Karnataka, India. The company works in personal care and skincare products, within the FMCG industry. It was incorporated on 03 September 2004 (22+ years old) and is registered under CIN U24242KA2004PTC034633.
Primacy Industries reported revenue of ₹699.56 Cr for FY 2025 (up 10% YoY).
Primacy Industries has 2 current directors:
- Tonse Gautham Pai - Managing Director
- Kalsank Umesh Kini - Director
Primacy Industries reported a net loss of ₹10.22 Cr (net margin -1.5%) and EBITDA of ₹40.71 Cr (EBITDA margin 5.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Primacy Industries is -5% over three years and -10% over five years. In the latest year (FY 2025) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Primacy Industries is 29AADCP3568L1ZU, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AADCP3568L1Z4 (Gujarat).
The CIN (Corporate Identification Number) of Primacy Industries is U24242KA2004PTC034633. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Primacy Industries has 34 court cases on record: 24 filed by the company and 9 filed against it. 8 are pending. Most are in the district courts.
Primacy Industries was incorporated on 03 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Primacy Industries has 14 deals on record (7 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹52.14 Cr; the latest was in September 2021.
The peers of Primacy Industries by revenue are VTC Tradewings Private Limited, Nobel Hygiene Private Limited, Pritam International Private Limited, RSH Global Private Limited, Hygienic Research Institute Private Limited and 5 more, all in the FMCG industry (Personal Care and Skin Care).
Prabhakara Dayananda Kamath ceased to be CFO on 01 Jul 2024. Shankar Ramachandran Bharadhwaj ceased to be Nominee Director on 03 Apr 2024. Vinay Vinayak Ambardekar ceased to be Nominee Director on 03 Apr 2024. Primacy Industries has 22 board changes on record in total.