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Quest Performance Additives (India) Private Limited - chemicals and materials in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹15.9 Cr
▲ 1% YoY
Net profit · FY 2025
₹37.78 Lakh
Net margin 2.4%
EBITDA · FY 2025
₹99.45 Lakh
EBITDA margin 6.3%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹3.44 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
18
Provident fund records
About Quest Performance Additives (India) Private Limited
Data last updated:
Quest Performance Additives (India) Private Limited is a private limited company based in Thane, Maharashtra, India, recognised as a startup by DPIIT. It operates in the industrial enzymes and biochemicals segment of the chemicals and materials sector. It was incorporated on 28 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC302268. Its GSTIN is 27AAACQ5083G1ZD (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Madhavi Vinay Joshi and Vinay Jagdish Joshi.
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 191 Sharmishta Tarangan Tower Chs Samata Nagar, Thane, Maharashtra, India – 400606.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.9 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹37.78 Lakh (net margin 2.4%) and EBITDA of ₹99.45 Lakh (EBITDA margin 6.3%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 36% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.44 Cr on record. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.99 Cr; the latest was in June 2022. Its 10 peer companies in the Chemicals industry (Enzymes) are compared by revenue, 5 larger and 5 smaller; the largest is Medilane Healthcare Private Limited with revenue of ₹24.79 Cr. The company has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 61 overdue payments to 11 micro and small suppliers.
Quest Performance Additives (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0066009). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website questperformance.in.
Company Details of Quest Performance Additives (India) Private Limited
CIN U74999MH2017PTC302268
Registration Number 302268
Incorporation Date 28 November 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-33-0066009
Recognitions & Rankings of Quest Performance Additives (India)
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0066009
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address191 Sharmishta Tarangan Tower Chs Samata Nagar, Thane, Maharashtra, India – 400606
- IndustryChemicals and Materials, Industrial Enzymes & Biochemicals
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Business Activity of Quest Performance Additives (India) Private Limited
The main business activity of Quest Performance Additives (India) 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 |
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Turnover share and past changes in activity are in the company report.
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Financials of Quest Performance Additives (India) Private Limited FY 2025 filings available
Quest Performance Additives (India) Private Limited reported revenue of ₹15.9 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹15.9 Cr ▲ 1%
Net profit · FY 2025
₹37.78 Lakh margin 2.4%
EBITDA · FY 2025
₹99.45 Lakh margin 6.3%
Compounded Annual Growth Rate (CAGR) of Quest Performance Additives (India) Private Limited
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 13%
5 years · compounded
▲ 36%
EBITDA CAGR growth
1 year
▼ 49%
3 years · compounded
▼ 1%
5 years · compounded
▲ 11%
Revenue has grown at a compounded annual rate (CAGR) of 36% over five years, including 1% growth in the latest year. EBITDA fell 49% 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 Quest Performance Additives (India) 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 | ₹99.45 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹37.78 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 of Quest Performance Additives (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.4% | •••• | •••• | •••• | •••• |
| 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 Quest Performance Additives (India) are in the company report.
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Financial statements from FY 2018
Earlier years and trend charts are in the company report.
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Board of Directors of Quest Performance Additives (India) Private Limited
Quest Performance Additives (India) has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhavi Vinay Joshi | Director | 28 Nov 2017 | 8 Years 10 Months | Current |
| Vinay Jagdish Joshi | Director | 28 Nov 2017 | 8 Years 10 Months | Current |
| Avani Vinay Joshi | Director | 22 May 2025 | 1 Years 4 Months | Current |
Peer Comparison of Quest Performance Additives (India) Private Limited
Quest Performance Additives (India) Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Enzymes). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Medilane Healthcare Private Limited | ₹24.79 Cr (FY 2025) | •••• | •••• | 152.0% | •••• | Surat, Gujarat, India |
| Epygen Biotech Private Limited | ₹23.61 Cr (FY 2025) | •••• | •••• | 138.0% | •••• | Rasayani, Maharashtra, India |
| Saiganesh Enzytech Solutions Private Limited | ₹21.73 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Burhanpur, Madhya Pradesh, India |
| Advanced Enzytech Solutions Limited | ₹18.63 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Thane, Maharashtra, India |
| Synkromax Biotech Private Limited | ₹17.03 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Thirumazhisai, Tamil Nadu, India |
| Quest Performance Additives (India) Private Limited this company | ₹15.9 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Thane, Maharashtra, India |
| Laffans Petrochemicals Limited Listed | ₹13.84 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Ankleshwar, Gujarat, India |
| Pac Bio Fungbact Private Limited | ₹9.65 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Bardoli, Gujarat, India |
| Colourmax Derind Private Limited | ₹8.22 Cr (FY 2024) | •••• | •••• | 39.0% | •••• | Chrompet, Tamil Nadu, India |
| Maps Enzymes Limited | ₹7.2 Cr (FY 2018) | •••• | •••• | -25.0% | •••• | Ahmedabad Gandhinagar, Gujarat, India |
| Natural Resource Biochem Private Limited | ₹6.89 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Gorakhpur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Quest Performance Additives (India) by revenue in the Chemicals industry (Enzymes), 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 Quest Performance Additives (India) Private Limited
Quest Performance Additives (India) Private Limited is audited by MYSP & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MYSP & Associates LLP | Locked | Locked | Locked |
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Ownership and Shareholding of Quest Performance Additives (India) Private Limited
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Charges & Borrowings of Quest Performance Additives (India) Private Limited
Open charges
₹3.44 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Feb 2021 | Others | ₹3.44 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Quest Performance Additives (India) Private Limited
Quest Performance Additives (India) Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.99 Cr; the latest was in June 2022.
Total deals
2
Funding rounds
2
Disclosed funding
₹1.99 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2022 | Funding round | ₹1 Cr | Investors: 2 individuals |
| Mar 2022 | Funding round | ₹99 Lakh | Investors: 2 individuals |
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All 2 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Quest Performance Additives (India) Private Limited
Quest Performance Additives (India) Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 61 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Krisons Chemical Industries | •••• | •••• | •••• |
| Vin Plasticizers Private Limited | •••• | •••• | •••• |
| Rsa Industries Private Limited | •••• | •••• | •••• |
| Envitech Chemical Specialities Private Limited | •••• | •••• | •••• |
| Spectra Specialities | •••• | •••• | •••• |
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Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Quest Performance Additives (India) Private Limited
Quest Performance Additives (India) Private Limited has a workforce of 18 employees as of Mar 22, 2024.
Employee count
18
Active EPFO establishments
1
Employee growth
12.5%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Quest Performance Additives (India) Private Limited
Quest Performance Additives (India) Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Avani Vinay Joshi was appointed as Director on 22 May 2025.
AGM
Quest Performance Additives (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Avani Vinay Joshi was appointed as Director.
Ceased
Avani Vinay Joshi ceased to be Additional Director.
Filing
Quest Performance Additives (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others of Rs. 3.44 Cr registered on 28 Feb 2021 with Charge ID 100457100 was modified on 10 Dec 2024.
Charges
A charge with Others amounted to Rs. 3.44 Cr with Charge ID 100457100 was registered on 28 Feb 2021.
Appointed
Madhavi Vinay Joshi was appointed as Director.
Appointed
Vinay Jagdish Joshi was appointed as Director.
Incorporation
28 Nov 2017
Quest Performance Additives (India) Private Limited was registered on 28 Nov 2017 with Roc Mumbai & aged 8 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Quest Performance Additives (India) Private Limited
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Subsidiaries & Group Companies of Quest Performance Additives (India) Private Limited
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GST Compliance of Quest Performance Additives (India) Private Limited
Quest Performance Additives (India) has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACQ5083G1ZD | Maharashtra | Active | 22 Mar 2018 |
| 03AAACQ5083G1ZN | Punjab | Active | 17 May 2024 |
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State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Quest Performance Additives (India) Private Limited
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Frequently Asked Questions about Quest Performance Additives (India) Private Limited
Quest Performance Additives (India) is an active private limited company based in Thane, Maharashtra, India. The company works in industrial enzymes and biochemicals, within the chemicals and materials industry. It was incorporated on 28 November 2017 (9+ years old) and is registered under CIN U74999MH2017PTC302268.
Quest Performance Additives (India) reported revenue of ₹15.9 Cr for FY 2025 (up 1% YoY).
Quest Performance Additives (India) has 3 current directors:
- Madhavi Vinay Joshi - Director
- Vinay Jagdish Joshi - Director
- Avani Vinay Joshi - Director
Quest Performance Additives (India) reported a net profit of ₹37.78 Lakh (net margin 2.4%) and EBITDA of ₹99.45 Lakh (EBITDA margin 6.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Quest Performance Additives (India) is 13% over three years and 36% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Quest Performance Additives (India) is 27AAACQ5083G1ZD, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 03AAACQ5083G1ZN (Punjab).
The CIN (Corporate Identification Number) of Quest Performance Additives (India) is U74999MH2017PTC302268. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Quest Performance Additives (India) was incorporated on 28 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Quest Performance Additives (India) has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.99 Cr; the latest was in June 2022.
The peers of Quest Performance Additives (India) by revenue are Medilane Healthcare Private Limited, Epygen Biotech Private Limited, Saiganesh Enzytech Solutions Private Limited, Advanced Enzytech Solutions Limited, Synkromax Biotech Private Limited and 5 more, all in the Chemicals industry (Enzymes).
Avani Vinay Joshi was appointed as Director on 22 May 2025. Avani Vinay Joshi ceased to be Additional Director on 22 May 2025. Madhavi Vinay Joshi was appointed as Director on 28 Nov 2017. Quest Performance Additives (India) has 4 board changes on record in total.
Yes, Quest Performance Additives (India) is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).