Setco Inks Private Limited
About Setco Inks Private Limited
Data last updated:
Setco Inks Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the cork segment of the wood and timber products sector. It was incorporated on 26 August 2023.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U20221MH2023PTC409421. Its GSTIN is 24ABLCS5671G1Z2 (Gujarat).
The company has an authorised share capital of ₹2.01 Cr and a paid-up capital of ₹2.01 Cr. It is led by directors including Yogesh Hariprasad Solanki and Vikesh Navinchandra Mehta.
Its last annual general meeting (AGM) was held on 30 November 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 ₹129.81 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹68.76 Lakh (net margin 0.5%) and EBITDA of ₹4.99 Cr (EBITDA margin 3.8%).
As per MCA filings, the company has open charges of ₹21 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.
Company details
Contact details
Setco Inks Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressC – 302 Flr – 3 Tirupati Apt, Ashish Bhulabhai Desai Rd, Mumbai, Maharashtra, India – 400026
- IndustryWood, Cork, Manufacturing, Products Of Wood, Straw And Plaiting Materials, Structural Wooden Goods
To see the full contact details of Setco Inks 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 Setco Inks 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 Inks Private Limited, buy the company report.
Financials of Setco Inks Private Limited
FY 2025 filings availableSetco Inks Private Limited reported revenue of ₹129.81 Cr (up 503% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 503% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹129.81 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹4.99 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹68.76 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
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 3.8% | |
| Net Profit Margin | 0.5% | |
| 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 | ||
To see the full financial statements and ratios of Setco Inks Private Limited, buy the company report.
Board of directors of Setco Inks Private Limited
Setco Inks has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Mehta Vinodbhai Also directs: Xchem Polymers India Private Limited | Additional Director | 05 May 2025 | 1 Years 5 Months | Current |
| Yogesh Hariprasad Solanki | Director | 26 Aug 2023 | 3 Years 2 Months | Current |
| Vikesh Navinchandra Mehta | Director | 29 Nov 2025 | 0 Years 10 Months | Current |
| Kausik Purakayastha | Additional Director | 27 Jan 2026 | 0 Years 9 Months | Current |
Peer comparison
Setco Inks Private Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), 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 |
|---|---|---|---|---|---|---|
| Setco Inks Private Limitedthis company | ₹129.81 Cr (FY 2025) | ₹68.76 Lakh | 0.5% | 503.0% | Mumbai, Maharashtra, India | |
| Nitin Dye-Chem Private Limited | ₹21.86 Cr (FY 2024) | 0.0% | Mumbai, Maharashtra, India | |||
| Anmol Colorants Global Private Limited | ₹21.71 Cr (FY 2025) | 94.0% | Mumbai, Maharashtra, India | |||
| Colourtech Products Private Limited | ₹21.45 Cr (FY 2025) | 8.0% | Bangalore, Karnataka, India | |||
| Splashjet Inkjet Ink Private Limited | ₹21.41 Cr (FY 2024) | 16.0% | Nagar Jaitala Road, Nagpur, Maharashtra, India | |||
| Narayan Dye Stuff Private Limited | ₹21.36 Cr (FY 2024) | 48.0% | Ahmedabad, Gujarat, India | |||
| Sanchi Organics Pvt Ltd | ₹21.15 Cr (FY 2024) | 15.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Setco Inks Private Limited, buy the company report.
Auditor
Setco Inks Private Limited is audited by Kunal M. Jhaveri & Co. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kunal M. Jhaveri & Co. | FY 2025 | 140078W |
Shareholding
The shareholding of Setco Inks Private Limited is on record for 2 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Setco Inks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2026 | 101226307 | Others | ₹21 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Setco Inks Private Limited has 2 court cases on record: 2 filed by Setco Inks. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against individuals | Pending |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Setco Inks 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 Setco Inks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Setco Inks Private Limited has 1 active EPFO establishment as of Dec 27, 2025.
GST
Setco Inks has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABLCS5671G1Z2 | Gujarat | Active | 25 Sep 2023 |
To see the full GST registrations and return filing status of Setco Inks Private Limited, buy the company report.
Recent activity
Setco Inks Private Limited has 5 board changes on record since 2023: 5 appointments. The latest: Kausik Purakayastha was appointed as Additional Director on 27 Jan 2026.
Frequently asked questions
Setco Inks is an active private limited company based in Mumbai, Maharashtra, India. The company works in cork, within the wood industry. It was incorporated on 26 August 2023 (3+ years old) and is registered under CIN U20221MH2023PTC409421.
Setco Inks has 4 current directors:
- Ritesh Mehta Vinodbhai - Additional Director
- Yogesh Hariprasad Solanki - Director
- Vikesh Navinchandra Mehta - Director
- Kausik Purakayastha - Additional Director
The latest financial statements of Setco Inks on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 November 2025. Year-wise statements from FY 2024 are in the company report.
The GSTIN of Setco Inks is 24ABLCS5671G1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of Setco Inks is U20221MH2023PTC409421. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Setco Inks has 2 court cases on record: 2 filed by the company. 1 is pending. Most are in the district courts.
Setco Inks was incorporated on 26 August 2023, making it 3+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Setco Inks by revenue are Nitin Dye-Chem Private Limited, Anmol Colorants Global Private Limited, Colourtech Products Private Limited, Splashjet Inkjet Ink Private Limited, Narayan Dye Stuff Private Limited and 1 more, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Kausik Purakayastha was appointed as Additional Director on 27 Jan 2026. Vikesh Navinchandra Mehta was appointed as Director on 29 Nov 2025. Ritesh Mehta Vinodbhai was appointed as Additional Director on 05 May 2025. Setco Inks has 5 board changes on record in total.
The registered office of Setco Inks is at C – 302 Flr – 3 Tirupati Apt, Ashish Bhulabhai Desai Rd, Mumbai, Maharashtra, India – 400026.
Setco Inks operates in the wood industry, in the cork segment.