About Setco Chemicals (India) Private Limted
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Setco Chemicals (India) Private Limted is a private limited company based in Mumbai, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 03 June 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U26933MH1985PTC036470. Its GSTIN is 27AADCS1688L1ZU (Maharashtra). The company holds 3 GST registrations, of which 2 are 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 Reshma Yogesh Solanki and Yogesh Hariprasad Solanki.
Its last annual general meeting (AGM) was held on 30 October 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹105.45 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.48 Cr (net margin 1.4%) and EBITDA of ₹8.17 Cr (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 1% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹61.18 Cr and satisfied charges of ₹64.52 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website setcochemicals.com.
Company details
Contact details
Setco Chemicals (India) Private Limted's registered office is in Mumbai, Maharashtra. Its website is setcochemicals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB/24 Basement Floor Bombay Market Apartments Co – Operative Society Ltd Tardeo Main Ro, Ad, Mumbai, Maharashtra, India – 400034
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Setco Chemicals (India) Private Limted, 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 Setco Chemicals (India) Private Limted 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 Setco Chemicals (India) Private Limted, buy the company report.
Financials of Setco Chemicals (India) Private Limted
FY 2024 filings availableSetco Chemicals (India) Private Limted reported revenue of ₹105.45 Cr (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 9% growth in the latest year. EBITDA rose 6% 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 | ₹8.17 Cr | ||||
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| Net Profit (PAT) | ₹1.48 Cr | ||||
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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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| EBITDA Margin | 7.7% | ||||
| Net Profit Margin | 1.4% | ||||
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To see the full financial statements and ratios of Setco Chemicals (India) Private Limted, buy the company report.
Board of directors of Setco Chemicals (India) Private Limted
Setco Chemicals (India) Private Limted has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Reshma Yogesh Solanki | Director | 13 Aug 2021 | 5 Years 2 Months | Current |
| Yogesh Hariprasad Solanki | Director | 01 May 1998 | 28 Years 6 Months | Current |
| Rekha Yogesh Solanki Also directs: R.Y. Foundation | Director | 01 Dec 2000 | 25 Years 11 Months | Current |
| Vanaja Anil Nair | Director | 02 Jul 2016 | 10 Years 4 Months | Current |
Auditor
Setco Chemicals (India) Private Limted is audited by M M ZAVERI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M M ZAVERI & CO | FY 2023 | 111780W |
Shareholding
The shareholding of Setco Chemicals (India) Private Limted is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Setco Chemicals (India) Private Limted, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jul 2024 | 100967518 | Others | ₹40 Lakh | Open | |
| 13 Dec 2023 | 100889563 | Others | ₹15.3 Lakh | Open | |
| 13 Dec 2023 | 100889163 | Others | ₹15.3 Lakh | Open | |
| 14 Oct 2022 | 100623253 | Others | ₹9 Cr | Open | |
| 03 Sep 2022 | 100610665 | Others | ₹9 Cr | Open |
To see the full charge records of Setco Chemicals (India) Private Limted, buy the company report.
Total charge records: 34 View all charges
Legal cases
No court or tribunal cases involving Setco Chemicals (India) Private Limted are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Setco Chemicals (India) Private Limted was last rated by Crisil on 17 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Sep 2020 |
To see the full credit ratings and regulatory alerts of Setco Chemicals (India) Private Limted, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Setco Chemicals (India) Private Limted; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Setco Chemicals (India) Private Limted has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Aquathane Chemicals Private Limited | U24100MH1998PTC113414 |
To see the full group structure of Setco Chemicals (India) Private Limted, buy the company report.
GST
Setco Chemicals (India) Private Limted has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCS1688L1ZU | Maharashtra | Active | 01 Jul 2017 |
| 24AADCS1688L1Z0 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Setco Chemicals (India) Private Limted, buy the company report.
Recent activity
Setco Chemicals (India) Private Limted has 9 board changes on record since 1998: 4 appointments and 5 cessations. The latest: Reshma Yogesh Solanki ceased to be Additional Director on 30 Nov 2021.
67 earlier events are in the company report.
Frequently asked questions
Setco Chemicals (India) Private Limted is an active private limited company based in Mumbai, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 03 June 1985 (41+ years old) and is registered under CIN U26933MH1985PTC036470.
Setco Chemicals (India) Private Limted has 4 current directors:
- Reshma Yogesh Solanki - Director
- Yogesh Hariprasad Solanki - Director
- Rekha Yogesh Solanki - Director
- Vanaja Anil Nair - Director
The latest financial statements of Setco Chemicals (India) Private Limted on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 October 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Setco Chemicals (India) Private Limted is 27AADCS1688L1ZU, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AADCS1688L1Z0 (Gujarat).
The CIN (Corporate Identification Number) of Setco Chemicals (India) Private Limted is U26933MH1985PTC036470. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Setco Chemicals (India) Private Limted was incorporated on 03 June 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Reshma Yogesh Solanki ceased to be Additional Director on 30 Nov 2021. Reshma Yogesh Solanki was appointed as Director on 13 Aug 2021. Jayant Hariprasad Solanki ceased to be Director on 11 Dec 2018. Setco Chemicals (India) Private Limted has 9 board changes on record in total.
Setco Chemicals (India) Private Limted can be reached through the website setcochemicals.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Setco Chemicals (India) Private Limted is at B24 Basement Floor Bombay Market Apartments Co – Operative Society Ltd Tardeo Main Ro, Ad, Mumbai, Maharashtra, India – 400034.
Setco Chemicals (India) Private Limted operates in the manufacturing industry, in the paint and coatings segment.
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