About Privi Organics India Limited
Data last updated:
Privi Organics India Limited was a public limited company based in Navi Mumbai, Maharashtra, India, operated as a subsidiary of Privi Speciality Chemicals Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the aromatics and benzene derivatives segment of the chemicals and materials sector. It was incorporated on 08 July 2016.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24220MH2016PLC283393. Its GSTIN is 24AAOCA5466H1ZG (Gujarat). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Adi Aromatic Limited. It was led by directors including Mahesh Purshottam Babani (Managing Director) and Bhaktavatsala Rao Doppalapudi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 08 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Privi House A – 71 Ttc Thane Belapur Road Near Kopar Khairane Railway Station, Navi Mumbai, Maharashtra, India – 400709.
As per the financials filed for FY 2019, the company reported a revenue of ₹1,079.86 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹76.48 Cr (net margin 7.1%) and EBITDA of ₹190.78 Cr (EBITDA margin 17.7%).
The company had about 695 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it.
The last known website on record is privi.com.
Company details
Contact details
Privi Organics India Limited's registered office is in Navi Mumbai, Maharashtra. Its website is privi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPrivi House A – 71 Ttc Thane Belapur Road Near Kopar Khairane Railway Station, Navi Mumbai, Maharashtra, India – 400709
- IndustryChemicals and Materials, Aromatics & Benzene Derivatives
To see the full contact details of Privi Organics India 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 Privi Organics India 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 Privi Organics India Limited, buy the company report.
Financials of Privi Organics India Limited
FY 2019 filings availablePrivi Organics India Limited reported revenue of ₹1,079.86 Cr (up 35% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 35% in the latest year. EBITDA rose 70% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹1,079.86 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹190.78 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹76.48 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 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 17.7% | ||
| Net Profit Margin | 7.1% | ||
| 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 Privi Organics India Limited, buy the company report.
Board of directors and KMP of Privi Organics India Limited
Privi Organics India Limited currently reports 9 directors and 1 key managerial person. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dwarko Topandas Khilnani | Director | 04 May 2017 | 9 Years 6 Months | As last reported |
| Sumit Maheshwari Also directs: Fairchem Organics Limited, Thomas Cook (India) Limited, Sterling Holiday Resorts Limited and 5 more | Director | 10 Aug 2018 | 8 Years 3 Months | As last reported |
| Bhaktavatsala Rao Doppalapudi Also directs: Privi Speciality Chemicals Limited, Privi Biotechnologies Private Limited, Vivira Investment and Trading Private Limited and 1 more | Whole-Time Director | 22 Feb 2017 | 9 Years 8 Months | As last reported |
| Rajesh Harichandra Budhrani | Director | 04 May 2017 | 9 Years 6 Months | As last reported |
| Padmanabh Ramchandra Barpande Also directs: Perfunova (International) Limited, Khemani Distilleries Private Limited, Miramac Properties Private Limited and 2 more | Director | 04 May 2017 | 9 Years 6 Months | As last reported |
| Anuradha Eknath Thakur | Director | 04 May 2017 | 9 Years 6 Months | As last reported |
Peer comparison
Privi Organics India Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Aromatics), 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 |
|---|---|---|---|---|---|---|
| Privi Organics India Limitedthis company | ₹1,079.86 Cr (FY 2019) | ₹76.48 Cr | 7.1% | 35.0% | 695 | Navi Mumbai, Maharashtra, India |
| Aromatics India Private Limited | ₹1,077.09 Cr (FY 2025) | 5.0% | Delhi, India | |||
| Oriental Aromatics Limited | ₹843.69 Cr (FY 2024) | -1.0% | Mumbai, Maharashtra, India | |||
| Firmenich Aromatics (India) Private Limited | ₹792.03 Cr (FY 2018) | 9.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Privi Organics India Limited, buy the company report.
Auditor
Privi Organics India Limited is audited by B S R and Associates LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R and Associates LLP | FY 2019 | 116231W/W100024 |
Shareholding
The shareholding of Privi Organics India Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Privi Organics India Limited, buy the company report.
Legal cases
Privi Organics India Limited has 5 court cases on record: 3 filed by Privi Organics India, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 9 others | Disposed |
| Bombay High Court | Commercial suit | Filed by the company against an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Privi Organics India 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.
Credit ratings & regulatory alerts
Privi Organics India Limited was last rated by Crisil on 28 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 Sep 2020 |
To see the full credit ratings and regulatory alerts of Privi Organics India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Privi Organics India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Privi Organics India has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Privi Biotechnologies Private Limited | U74220MH1985PTC037534 |
To see the full group structure of Privi Organics India Limited, buy the company report.
Employees & EPFO
Privi Organics India Limited has a workforce of 695 employees on its EPFO records as of Jul 2020, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 695 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Privi Organics India Limited, buy the company report.
GST
Privi Organics India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAOCA5466H1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Privi Organics India Limited, buy the company report.
Recent activity
Privi Organics India Limited has 22 board changes on record since 2016: 10 appointments and 12 cessations. The latest: Sumit Maheshwari ceased to be Additional Director on 08 Aug 2019.
13 earlier events are in the company report.
News
Frequently asked questions
Privi Organics India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Privi Organics India was a public limited company based in Navi Mumbai, Maharashtra, India. The company worked in aromatics and benzene derivatives, within the chemicals and materials industry. It was incorporated on 08 July 2016 and is registered under CIN U24220MH2016PLC283393. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Privi Organics India was incorporated on 08 July 2016. It is registered with the Registrar of Companies, Mumbai.
Privi Organics India had 10 directors and KMP:
- Mahesh Purshottam Babani - Managing Director
- Bhaktavatsala Rao Doppalapudi - Whole-Time Director
- Dwarko Topandas Khilnani - Director
- Sumit Maheshwari - Director
- Rajesh Harichandra Budhrani - Director
- Padmanabh Ramchandra Barpande - Director
- Anuradha Eknath Thakur - Director
- Anurag Surana - Director
- Nahoosh Jayvadan Jariwala - Director
- Narayan Sreenivasan Iyer - Cfo
The CIN (Corporate Identification Number) of Privi Organics India is U24220MH2016PLC283393. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Privi Organics India is at Privi House A – 71 Ttc Thane Belapur Road Near Kopar Khairane Railway Station, Navi Mumbai, Maharashtra, India – 400709.
Privi Organics India can be reached through the website privi.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The latest financial statements of Privi Organics India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 08 August 2019. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Privi Organics India is 24AAOCA5466H1ZG, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Privi Organics India operated in the chemicals and materials industry, in the aromatics and benzene derivatives segment.
The peers of Privi Organics India by revenue are Aromatics India Private Limited, Oriental Aromatics Limited, Firmenich Aromatics (India) Private Limited, all in the Chemicals industry (Aromatics), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
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