About Sebacic India Limited
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Sebacic India Limited is a public limited company based in Vadodara, Gujarat, India, a subsidiary of Wayzata Iii Indian Ocean Limited. 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 industrial chemicals segment of the chemicals and materials sector. It was incorporated on 10 September 2007.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2007PLC051697. Its GSTIN is 24AALCS5170P1ZR (Gujarat).
The company has an authorised share capital of ₹116.97 Cr and a paid-up capital of ₹115.54 Cr. It was formerly known as Sebacic Mfg. & Expo India Limited. It is led by directors including Manish Kumar Bhagat (Irp/Rp/Liquidator) and Sameer Nagendra Dalia.
Its last annual general meeting (AGM) was held on 05 March 2022, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Vadodara, Gujarat.
As per the financials filed for FY 2021, the company reported a revenue of ₹29.5 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹13.12 Cr (net margin -44.5%) and EBITDA of -₹6.36 Cr (EBITDA margin -21.5%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 3% over five years.
The company has about 52 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sebacic India. As per MCA filings, the company has open charges of ₹11.25 Cr and satisfied charges of ₹164.85 Cr on record. Court records list 21 cases involving the company, including 2 filed by the company and 19 filed against it; 7 cases are pending. The company has 18 deals on record (13 funding rounds, 4 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹115.15 Cr; the latest was in November 2020. Its 7 peer companies in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 3 smaller; the largest is Reena Silicate Industries Private Limited with revenue of ₹29.95 Cr.
The last known website on record is sebacicindia.com.
Company details
CIN history
Sebacic India has one previous CIN (Corporate Identification Number): L24100GJ2007PLC051697. The current CIN is U24100GJ2007PLC051697, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100GJ2007PLC051697 | Current |
| L24100GJ2007PLC051697 | Previous |
Contact details
Sebacic India Limited's registered office is in Vadodara, Gujarat. Its website is sebacicindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. 461 462 Ecp Chanal Village Umraya Taluka – Pad, Ra., Vadodara, Gujarat, India – 391440
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Sebacic 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
Brands
Sebacic India operates one associated brand: Sebacic India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sebacic acid and basic chemicals are manufactured in India. | sebacicindia.com |
Business activity
The main business activity of Sebacic 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 Sebacic India Limited, buy the company report.
Financials of Sebacic India Limited
FY 2021 filings availableSebacic India Limited reported revenue of ₹29.5 Cr (down 37% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 37% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 26% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹29.5 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹6.36 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.12 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -21.5% | ||||
| Net Profit Margin | -44.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Sebacic India Limited, buy the company report.
Board of directors of Sebacic India Limited
Sebacic India has 7 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Kumar Bhagat | Irp/Rp/Liquidator | 28 May 2024 | 2 Years 4 Months | As last reported |
| Shashwat Sanjay Goyal | Nominee Director | 26 May 2022 | 4 Years 4 Months | As last reported |
| Sameer Nagendra Dalia | Director | 23 Dec 2023 | 2 Years 10 Months | As last reported |
| Kapil Pareshkumar Patel | Director | 23 Dec 2023 | 2 Years 10 Months | As last reported |
| Tusharkumar Barot | Director | 23 Dec 2023 | 2 Years 10 Months | As last reported |
| Hemant Gajanand Upadhyay Also directs: Pan Drugs Limited | Additional Director | 12 Aug 2022 | 4 Years 2 Months | As last reported |
Peer comparison
Sebacic India Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals), 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 |
|---|---|---|---|---|---|---|
| Reena Silicate Industries Private Limited | ₹29.95 Cr (FY 2025) | -3.0% | Chennai, Tamil Nadu, India | |||
| VSVR Chems Private Limited | ₹29.92 Cr (FY 2024) | -26.0% | Palladam, Tamil Nadu, India | |||
| Khushboo Fertilisers Private Limited | ₹29.92 Cr (FY 2025) | -4.0% | Roorkee, Uttarakhand, India | |||
| Novochem Resources Private Limited | ₹29.79 Cr (FY 2024) | 13.0% | New Delhi, Delhi, India | |||
| Sebacic India Limitedthis company | ₹29.5 Cr (FY 2021) | -₹13.12 Cr | -44.5% | -37.0% | 52 | Vadodara, Gujarat, India |
| RSD Polymers Private Limited | ₹29.43 Cr (FY 2025) | 43.0% | Mumbai, Maharashtra, India | |||
| Synochem Organics Private Limited | ₹29.4 Cr (FY 2025) | 16.0% | Haryana, India | |||
| KSJN Chemicals Private Limited | ₹29.39 Cr (FY 2025) | -23.0% | Delhi, India |
To see the full peer comparison of Sebacic India Limited, buy the company report.
Auditor
Sebacic India Limited is audited by P N GORADIA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P N GORADIA & CO | FY 2021 | 103313W |
Shareholding
The shareholding of Sebacic India Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sebacic India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jun 2023 | 100731124 | Others | ₹11.25 Cr | Open | |
| 27 May 2013 | 10435236 | State Bank of India | ₹35.93 Cr | Satisfied | |
| 31 May 2011 | 10289823 | State Bank of India | ₹64.46 Cr | Satisfied | |
| 09 Dec 2010 | 10257638 | State Bank of India | ₹64.46 Cr | Satisfied |
To see the full charge records of Sebacic India Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Sebacic India Limited has 18 deals on record (13 funding rounds, 4 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹115.15 Cr; the latest was in November 2020.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2020 | Funding round | ₹2.2 Cr | Investors: First Bridge Fund |
| Apr 2019 | Funding round | ₹11.25 Cr | Investors: First Bridge Fund |
| Dec 2018 | Secondary share transfer | Undisclosed | Buyer: First Bridge Fund Seller: GVFL |
| Dec 2018 | Secondary share transfer | Undisclosed | Buyer: Avalokiteshvar Valinv Limited Seller: GVFL |
| Apr 2012 | Funding round | ₹3.39 Cr | Investors: VRD Exim Limited , GVFL, 2 individuals |
To see the full deal history of Sebacic India 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
Sebacic India Limited has 21 court cases on record: 2 filed by Sebacic India, 19 filed against it. 7 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 5 |
| NCLT | 6 | 5 | 2 |
| NCLAT | 2 | 2 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by M/S. Sanjay Chemicals (India) Pvt Ltd Through Saseedharan Mapranan Velayudhan | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Schenker India Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Sanjay Chemicals (India) Pvt Ltd Through Saseedharan Mapranan Velayudhan | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by B N K Securities Private Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by B N K Securities Private Limited | Disposed |
To see the full case history of Sebacic 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
Sebacic India Limited was last rated by Care on 07 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Feb 2020 |
To see the full credit ratings and regulatory alerts of Sebacic India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sebacic India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sebacic India Limited has a workforce of 52 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Sebacic India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AALCS5170P1ZR | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sebacic India Limited, buy the company report.
Recent activity
Sebacic India Limited has 24 board changes on record since 2008: 7 appointments and 17 cessations. The latest: Manish Kumar Bhagat was appointed as Irp/Rp/Liquidator on 28 May 2024.
24 earlier events are in the company report.
Frequently asked questions
Sebacic India 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.
Sebacic India is a company under insolvency, formerly operating as a public limited company based in Vadodara, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 10 September 2007 and is registered under CIN U24100GJ2007PLC051697. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sebacic India has 7 current directors:
- Shashwat Sanjay Goyal - Nominee Director
- Sameer Nagendra Dalia - Director
- Kapil Pareshkumar Patel - Director
- Tusharkumar Barot - Director
- Hemant Gajanand Upadhyay - Additional Director
- Manish Kumar Bhagat - Irp/Rp/Liquidator
- Ravi Chandanmal Jain - Manager
The latest financial statements of Sebacic India on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 05 March 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sebacic India is U24100GJ2007PLC051697. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sebacic India has open charges of ₹11.25 Cr and satisfied charges of ₹164.85 Cr as per latest MCA filings.
Sebacic India has 21 court cases on record: 2 filed by the company and 19 filed against it. 7 are pending. Most are in the district courts.
Sebacic India was incorporated on 10 September 2007. It is registered with the Registrar of Companies, Ahmedabad.
Sebacic India has 18 deals on record (13 funding rounds, 4 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹115.15 Cr; the latest was in November 2020.
The peers of Sebacic India by revenue are Reena Silicate Industries Private Limited, VSVR Chems Private Limited, Khushboo Fertilisers Private Limited, Novochem Resources Private Limited, RSD Polymers Private Limited and 2 more, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Manish Kumar Bhagat was appointed as Irp/Rp/Liquidator on 28 May 2024. Nimish Shashikant Mehta ceased to be Additional Director on 08 Jan 2024. Kapil Pareshkumar Patel was appointed as Director on 23 Dec 2023. Sebacic India has 24 board changes on record in total.