About Pushpak Auxichem Private Limited
Data last updated:
Pushpak Auxichem Private Limited is a private limited company based in Dombivli East, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 01 June 1992.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1992PTC067011. Its GSTIN is 27AABCP0099E1ZJ (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹14.02 Lakh. It is led by directors Ratan Goyal Rughlal (Whole-Time Director) and Balu Namdev Ubale.
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 241/B – 2 Kasturi Plaza 2nd Floor Manpada Road, Dombivli East, Maharashtra, India – 421201.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.81 Cr, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹49.13 Lakh (net margin -27.2%) and EBITDA of -₹48.11 Lakh (EBITDA margin -26.6%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years and 40% over five years.
As per MCA filings, the company has satisfied charges of ₹8.95 Cr on record. Court records list 23 cases involving the company, including 17 filed by the company and 6 filed against it; 6 cases are pending.
The last known website on record is pushpakgroups.com.
Company details
Contact details
Pushpak Auxichem Private Limited's registered office is in Dombivli East, Maharashtra. Its website is pushpakgroups.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address241/B – 2 Kasturi Plaza 2nd Floor Manpada Road, Dombivli East, Maharashtra, India – 421201
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Pushpak Auxichem Private 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 Pushpak Auxichem is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Pushpak Auxichem Private Limited, buy the company report.
Financials of Pushpak Auxichem Private Limited
FY 2024 filings availablePushpak Auxichem Private Limited reported revenue of ₹1.81 Cr (down 61% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 40% over five years, including a 61% fall in the latest year. EBITDA fell 67% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹48.11 Lakh | ||||
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| Net Profit (PAT) | -₹49.13 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -26.6% | ||||
| Net Profit Margin | -27.2% | ||||
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To see the full financial statements and ratios of Pushpak Auxichem Private Limited, buy the company report.
Board of directors of Pushpak Auxichem Private Limited
Pushpak Auxichem has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratan Goyal Rughlal | Whole-Time Director | 01 Jun 1992 | 34 Years 4 Months | As last reported |
| Balu Namdev Ubale | Additional Director | 04 May 2024 | 2 Years 5 Months | As last reported |
Peer comparison
Pushpak Auxichem Private Limited is compared with the 5 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Liyas Paints Private Limited | ₹1.83 Cr (FY 2025) | 187.0% | Vadakara, Kerala, India | |||
| Alessia Industries Private Limited | ₹1.81 Cr (FY 2025) | 182.0% | Ahmedabad, Gujarat, India | |||
| Pushpak Auxichem Private Limitedthis company | ₹1.81 Cr (FY 2024) | -₹49.13 Lakh | -27.2% | -61.0% | Dombivli East, Maharashtra, India | |
| Zofia Ingredients Private Limited | ₹1.8 Cr (FY 2025) | 37.0% | New Delhi, Delhi, India | |||
| Nisan Petroleum Private Limited | ₹1.8 Cr (FY 2025) | 22.0% | Raipur, Chhattisgarh, India | |||
| Shree Jalpa Marketing Private Limited | ₹1.79 Cr (FY 2019) | 272.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Pushpak Auxichem Private Limited, buy the company report.
Auditor
Pushpak Auxichem Private Limited is audited by S. KUMAR & A. KUMAR for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. KUMAR & A. KUMAR | FY 2021 | 119335W |
Shareholding
The shareholding of Pushpak Auxichem Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pushpak Auxichem Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jun 2011 | 10292653 | Punjab National Bank | ₹3.95 Cr | Satisfied | |
| 05 Dec 2008 | 10138037 | The Saraswat Co-Operative Bank Ltd | ₹1 Cr | Satisfied | |
| 12 Oct 2004 | 90145457 | The Saraswat Co-Operative Bank Ltd | ₹1.5 Cr | Satisfied | |
| 12 Oct 2004 | 90231212 | The Saraswat Co-Oprative Bank Limited | ₹1.5 Cr | Satisfied | |
| 19 Jul 2002 | 90144013 | Bank of Maharastra | ₹50 Lakh | Satisfied |
To see the full charge records of Pushpak Auxichem Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Pushpak Auxichem Private Limited has 23 court cases on record: 17 filed by Pushpak Auxichem, 6 filed against it. 6 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 2 | 3 |
| High courts | 5 | 3 | 2 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Dhanvarsha Dyeing Pvt. Ltd. Other 2 and 2 others | Pending |
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed against the company by Pegasus Assets Reconstruction Private Limited Through Its Authorized Officer Mr Nilesh More | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed against the company by M/S Indusind Bank Ltd | Disposed |
| District court, Thane, Maharashtra | Court case (R.C.C.) | Filed by the company against Ruhi Chemicals Industries PLTD. 6 Oths. | Disposed |
| Supreme Court | Court case | Filed against the company by PR. Commissioner of Income Tax 2 Thane | Pending |
To see the full case history of Pushpak Auxichem Private 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 Pushpak Auxichem Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pushpak Auxichem has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCP0099E1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pushpak Auxichem Private Limited, buy the company report.
Recent activity
Pushpak Auxichem Private Limited has 9 board changes on record since 1992: 2 appointments and 7 cessations. The latest: Balu Namdev Ubale was appointed as Additional Director on 04 May 2024.
15 earlier events are in the company report.
Frequently asked questions
Pushpak Auxichem is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Pushpak Auxichem is a company under insolvency, formerly operating as a private limited company based in Dombivli East, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 01 June 1992 and is registered under CIN U99999MH1992PTC067011. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Pushpak Auxichem has 2 current directors:
- Ratan Goyal Rughlal - Whole-Time Director
- Balu Namdev Ubale - Additional Director
The latest financial statements of Pushpak Auxichem 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 CIN (Corporate Identification Number) of Pushpak Auxichem is U99999MH1992PTC067011. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pushpak Auxichem has no open charges and satisfied charges of ₹8.95 Cr as per latest MCA filings.
Pushpak Auxichem has 23 court cases on record: 17 filed by the company and 6 filed against it. 6 are pending. Most are in the district courts.
Pushpak Auxichem was incorporated on 01 June 1992. It is registered with the Registrar of Companies, Mumbai.
The peers of Pushpak Auxichem by revenue are Liyas Paints Private Limited, Alessia Industries Private Limited, Zofia Ingredients Private Limited, Nisan Petroleum Private Limited, Shree Jalpa Marketing Private Limited, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading).
Balu Namdev Ubale was appointed as Additional Director on 04 May 2024. Ravi Rughlal Goyal ceased to be Whole-Time Director on 05 Apr 2024. Ramawtar Rughlal Goyal ceased to be Whole-Time Director on 30 Jun 2018. Pushpak Auxichem has 9 board changes on record in total.
Pushpak Auxichem can be reached through the website pushpakgroups.com. Its registered office is in Dombivli East, Maharashtra, India.