MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0012606
Raj Borax Private Limited - agriculture in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹187.93 Cr
▲ 41% YoY
Net profit · FY 2025
₹5.92 Cr
Net margin 3.2%
EBITDA · FY 2025
₹10.9 Cr
EBITDA margin 5.8%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹2.55 Cr
Issued & subscribed
Open charges
₹72.73 Cr
Satisfied ₹53.87 Lakh
Company age
19 yrs
Est. 2007
Employees · EPFO
30
Provident fund records
About Raj Borax Private Limited
Data last updated:
Raj Borax Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the fertilizers and soil enhancers segment of the agriculture sector. It was incorporated on 01 May 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH2007PTC170487. Its GSTIN is 27AADCR6162Q1ZQ (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.55 Cr. It was formerly known as Raj Borax Limited. It is led by directors including Girish Dinesh Mehta (Managing Director) and Viranchi Girish Mehta.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹187.93 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹5.92 Cr (net margin 3.2%) and EBITDA of ₹10.9 Cr (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 20% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Raj Borax. As per MCA filings, the company has open charges of ₹72.73 Cr and satisfied charges of ₹53.87 Lakh on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.57 Cr; the latest was in September 2024. The company has 20 MSME Form 1 returns on record between 2019 and 2024, listing 801 overdue payments to 42 micro and small suppliers.
Raj Borax Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0012606). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rajborax.com.
Company details
CIN U24100MH2007PTC170487
Registration Number 170487
Incorporation Date 01 May 2007
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
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0012606
CIN history
Raj Borax has one previous CIN (Corporate Identification Number): U24100MH2007PLC170487. The current CIN is U24100MH2007PTC170487, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100MH2007PTC170487 | Current |
| U24100MH2007PLC170487 | Previous |
Key People
Girish Dinesh Mehta Managing Director Viranchi Girish Mehta Director Alakh Natvarlal Shah Director Recognitions & Rankings of Raj Borax
Contact details
Raj Borax Private Limited's registered office is in Mumbai, Maharashtra. Its website is rajborax.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOff No – 803 8th Floor Hubtown Solaris N. S. Phadke Road Saiwadi Near Flyover Bridge Andh, Eri (E), Mumbai, Maharashtra, India – 400069
- IndustryAgriculture, Fertilizers & Soil Enhancers
To see the full contact details of Raj Borax Private Limited, buy the company report.
Comprehensive company report
Raj Borax 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
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Brands
Raj Borax operates one associated brand: Raj Borax. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of boron-based chemicals and fertilizers for agriculture and other industries. | rajborax.com |
Business activity
The main business activities of Raj Borax are trade and manufacturing. In detail, this covers wholesale trading and chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Raj Borax Private Limited, buy the company report.
Financials of Raj Borax Private Limited
FY 2025 filings availableRaj Borax Private Limited reported revenue of ₹187.93 Cr (up 41% YoY) for FY 2025.
Revenue · FY 2025
₹187.93 Cr ▲ 41%
Net profit · FY 2025
₹5.92 Cr margin 3.2%
EBITDA · FY 2025
₹10.9 Cr margin 5.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 18%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 46%
5 years · compounded
▲ 30%
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 41% growth in the latest year. EBITDA rose 46% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹10.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.92 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | 3.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Raj Borax Private Limited, buy the company report.
Board of directors of Raj Borax Private Limited
Raj Borax has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viranchi Girish Mehta | Director | 01 May 2021 | 5 Years 5 Months | Current |
| Girish Dinesh Mehta | Managing Director | 01 May 2007 | 19 Years 5 Months | Current |
| Alakh Natvarlal Shah | Director | 01 May 2007 | 19 Years 5 Months | Current |
| Ankur Alakh Shah | Director | 01 May 2021 | 5 Years 5 Months | Current |
Auditor
Raj Borax Private Limited is audited by Manubhai & Shah LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manubhai & Shah LLP | FY 2023 | 106041W / W100136 |
Shareholding
The shareholding of Raj Borax 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 Raj Borax Private Limited, buy the company report.
Charges & borrowings
Open charges
₹72.73 Cr
Satisfied charges
₹53.87 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Nov 2024 | 101056122 | Others | ₹1.23 Cr | Open | |
| 18 Jul 2024 | 100954115 | Hdfc Bank Limited | ₹12 Cr | Open | |
| 15 Feb 2024 | 100892749 | Others | ₹13 Cr | Open | |
| 15 Feb 2024 | 100892751 | Others | ₹7 Cr | Open | |
| 17 Jan 2023 | 100673046 | Others | ₹8 Cr | Open |
To see the full charge records of Raj Borax Private Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Raj Borax Private Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.57 Cr; the latest was in September 2024.
Total deals
6
Secondary share transfers
4
Funding rounds
2
Disclosed funding
₹1.57 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2019 | Funding round | ₹61.8 Lakh | Investors: 2 individuals |
| May 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Roop Rasayan Industries Private Limited |
| Mar 2008 | Funding round | ₹95 Lakh | Investors: Sun Arise Limited, Roop Rasayan Industries Private Limited , 2 individuals |
To see the full deal history of Raj Borax Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Raj Borax Private Limited has 3 court cases on record: 2 filed by Raj Borax, 1 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (CR.RA) | Filed by the company against State of Gujarat and 1 other | Pending |
| District court, Valsad, Gujarat | Court case (DST LC) | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against an individual | Disposed |
To see the full case history of Raj Borax 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.
Credit ratings & regulatory alerts
Raj Borax Private Limited was last rated by Crisil on 11 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Dec 2019 |
To see the full credit ratings and regulatory alerts of Raj Borax Private Limited, buy the company report.
MSME payment delays
Raj Borax Private Limited has 20 MSME Form 1 returns on record between 2019 and 2024, listing 801 overdue payments to 42 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 42)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cartridge Junction (India) Private Limited | |||
| an individual supplier | |||
| Adani Forwarding Agent Limited | |||
| Nishant Infra Projects Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Raj Borax Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Raj Borax Private Limited has a workforce of 30 employees on its EPFO records as of Mar 31, 2024, across 2 active EPFO establishments.
Employee count
30
Active EPFO establishments
2
Employee growth
-3.23%
GST
Raj Borax has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR6162Q1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 27AADCR6162Q2ZP | Maharashtra | Active | 13 May 2022 |
| 24AADCR6162Q1ZW | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raj Borax Private Limited, buy the company report.
Recent activity
Raj Borax Private Limited has 10 board changes on record since 2007: 4 appointments and 6 cessations. The latest: Ankur Alakh Shah ceased to be Additional Director on 30 Nov 2021.
AGM
Raj Borax Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Raj Borax Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 1.23 Cr with Charge ID 101056122 was registered on 18 Nov 2024.
Charges
A charge with Bank Of India of Rs. 4.90 Cr registered on 07 Mar 2015 with Charge ID 10557158 was modified on 19 Sep 2024.
Charges
A charge with Bank Of India of Rs. 4.90 Cr registered on 14 Sep 2007 with Charge ID 10069564 was modified on 19 Sep 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 12.00 Cr with Charge ID 100954115 was registered on 18 Jul 2024.
Charges
A charge with Others amounted to Rs. 13.00 Cr with Charge ID 100892749 was registered on 15 Feb 2024.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100892751 was registered on 15 Feb 2024.
Charges
A charge with Others amounted to Rs. 8.00 Cr with Charge ID 100673046 was registered on 17 Jan 2023.
Charges
A charge with Others amounted to Rs. 8.00 Cr with Charge ID 100611595 was registered on 19 Sep 2022.
Charges
A charge with Others amounted to Rs. 2.70 Cr with Charge ID 100611596 was registered on 19 Sep 2022.
Charges
A charge registered on 16 Nov 2017 via Charge ID 100156347 with Others was fully satisfied on 20 Apr 2022.
18 earlier events are in the company report.
Frequently asked questions
Raj Borax is an active private limited company based in Mumbai, Maharashtra, India. The company works in fertilizers and soil enhancers, within the agriculture industry. It was incorporated on 01 May 2007 (19+ years old) and is registered under CIN U24100MH2007PTC170487.
Raj Borax has 4 current directors:
- Girish Dinesh Mehta - Managing Director
- Viranchi Girish Mehta - Director
- Alakh Natvarlal Shah - Director
- Ankur Alakh Shah - Director
The latest financial statements of Raj Borax on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Raj Borax is 27AADCR6162Q1ZQ, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AADCR6162Q2ZP (Maharashtra), 24AADCR6162Q1ZW (Gujarat).
The CIN (Corporate Identification Number) of Raj Borax is U24100MH2007PTC170487. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raj Borax has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Raj Borax was incorporated on 01 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Raj Borax has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.57 Cr; the latest was in September 2024.
Ankur Alakh Shah ceased to be Additional Director on 30 Nov 2021. Viranchi Girish Mehta ceased to be Additional Director on 30 Nov 2021. Ankur Alakh Shah was appointed as Director on 01 May 2021. Raj Borax has 10 board changes on record in total.
Yes, Raj Borax is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0012606).
Raj Borax has 20 MSME Form 1 returns on record between 2019 and 2024, listing 801 overdue payments to 42 micro and small suppliers. The latest return was filed on 29 Apr 2024.