Shalimar Incense Private Limited

Shalimar Incense Private Limited - chemicals and materials in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U74999KA2018PTC109782 Incorporated 23 January 2018 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company chemicals and materials MSME · Medium
Data last updated
Revenue · FY 2025
₹131.24 Cr
▲ 8% YoY
Net profit · FY 2025
₹3.26 Cr
Net margin 2.5%
EBITDA · FY 2025
₹6.74 Cr
EBITDA margin 5.1%
Authorised capital
₹35.25 Cr
Registered with MCA
Paid-up capital
₹35.01 Cr
Issued & subscribed
Open charges
₹32.15 Cr
Satisfied ₹1.2 Cr
Company age
8 yrs
Est. 2018
Employees · EPFO
367
Provident fund records

About Shalimar Incense Private Limited

Data last updated:

Shalimar Incense Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the aromatics and benzene derivatives segment of the chemicals and materials sector. It was incorporated on 23 January 2018 and has been in existence for over 8 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018PTC109782. Its GSTIN is 29AAGCV2670J1ZW (Karnataka). The company holds 12 GST registrations, of which 11 are active.

The company has an authorised share capital of ₹35.25 Cr and a paid-up capital of ₹35.01 Cr. It was formerly known as Vks Incense Private Limited. It is led by directors Alkesh Vinod Shah (Managing Director) and Bhanu Vinod Shah.

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 Shalimar House No. 32 & 33 3rd Cross Srirampuram, Bangalore, Karnataka, India – 560021.

As per the financials filed for FY 2025, the company reported a revenue of ₹131.24 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹3.26 Cr (net margin 2.5%) and EBITDA of ₹6.74 Cr (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 19% over five years.

The company has about 367 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹32.15 Cr and satisfied charges of ₹1.2 Cr on record. Court records list 42 cases involving the company, including 14 filed by the company and 28 filed against it; 10 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹35 Cr; the latest was in March 2018. Its 7 peer companies in the Chemicals industry (Aromatics), 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 Radial Natural Aromatics Private Limited with revenue of ₹157.05 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 405 overdue payments to 35 micro and small suppliers.

Shalimar Incense Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0057822). For more details, the company can be reached via its website shalimar.co.in.

Company details

CIN U74999KA2018PTC109782
Registration Number 109782
Incorporation Date 23 January 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0057822
Key People
Alkesh Vinod Shah Managing Director Bhanu Vinod Shah Director

Recognitions & Rankings of Shalimar Incense

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-KR-03-0057822

Contact details

Shalimar Incense Private Limited's registered office is in Bangalore, Karnataka. Its website is shalimar.co.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    shalimar.co.in
  • Registered Address
    Shalimar House No. 32 & 33 3rd Cross Srirampuram, Bangalore, Karnataka, India – 560021
  • Industry
    Chemicals and Materials, Aromatics & Benzene Derivatives

To see the full contact details of Shalimar Incense Private Limited, buy the company report.

Comprehensive company report
Shalimar Incense 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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Business activity

The main business activity of Shalimar Incense is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Shalimar Incense Private Limited, buy the company report.

Financials of Shalimar Incense Private Limited

FY 2025 filings available

Shalimar Incense Private Limited reported revenue of ₹131.24 Cr (up 8% YoY) for FY 2025.

Revenue · FY 2025
₹131.24 Cr ▲ 8%
Net profit · FY 2025
₹3.26 Cr margin 2.5%
EBITDA · FY 2025
₹6.74 Cr margin 5.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 11%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 18%
5 years · compounded
▲ 12%

Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 8% growth in the latest year. EBITDA fell 2% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹6.74 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹3.26 Cr
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin5.1%
Net Profit Margin2.5%
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 Shalimar Incense Private Limited, buy the company report.

Board of directors of Shalimar Incense Private Limited

Shalimar Incense has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Alkesh Vinod Shah
Also directs: Bhavin Developers LLP, Shalimar Agarbatti Company Private Limited
Managing Director23 Jan 20188 Years 9 MonthsCurrent
Bhanu Vinod Shah
Also directs: Avida Incense Private Limited
Director01 Apr 20233 Years 7 MonthsCurrent
View all directors

Peer comparison

Shalimar Incense Private Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Aromatics), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Radial Natural Aromatics Private Limited₹157.05 Cr (FY 2025)15.0%Ujhani, Uttar Pradesh, India
Tadimety Aromatics Private Limited₹155.05 Cr (FY 2025)30.0%Bangalore, Karnataka, India
Encee Aromatics Private Limited₹138.28 Cr (FY 2025)31.0%Mettupalayam, Tamil Nadu, India
Skff(India) Private Limited₹132.22 Cr (FY 2025)13.0%Mumbai, Maharashtra, India
Shalimar Incense Private Limitedthis company₹131.24 Cr (FY 2025)₹3.26 Cr2.5%8.0%367Bangalore, Karnataka, India
Surya Life Sciences Limited₹118.61 Cr (FY 2025)12.0%Navi Mumbai, Maharashtra, India
Shree Balaji Aromatics Private Limited₹115.95 Cr (FY 2025)-1.0%Uttar Pradesh, India
Aquila Organics Private Limited₹113.93 Cr (FY 2025)45.0%Thane, Maharashtra, India

To see the full peer comparison of Shalimar Incense Private Limited, buy the company report.

Auditor

Shalimar Incense Private Limited is audited by SHARMA & PAGARIA for the financial year 2023.

Auditor firmFinancial yearFirm registration number
SHARMA & PAGARIAFY 2023008217S

Shareholding

The shareholding of Shalimar Incense Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Shalimar Incense Private Limited, buy the company report.

Charges & borrowings

Open charges
₹32.15 Cr
Satisfied charges
₹1.2 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹32.15 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
16 Dec 2025101209139Hdfc Bank Limited₹12 CrOpen
10 Aug 2023100845679Hdfc Bank Limited₹15 LakhOpen
30 May 2018100181943Hdfc Bank Limited₹10 CrOpen
25 May 2018100181941Hdfc Bank Limited₹10 CrOpen
15 Oct 2020100408455Hdfc Bank Limited₹1.2 CrSatisfied

To see the full charge records of Shalimar Incense Private Limited, buy the company report.

Total charge records: 5 View all charges

Deals & funding

Shalimar Incense Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹35 Cr; the latest was in March 2018.

Total deals
1
Funding round
1
Disclosed funding
₹35 Cr

Deals on record (1 of 1)

WhenDealAmountParties
Mar 2018Funding round₹35 CrInvestors: 2 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Shalimar Incense Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 405 overdue payments to 35 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 35)

SupplierAmount dueDue sinceReported on
Ashapura Aromas Private Limited
Vaibhavuniti(Vaibhav Printpack Unit - 1 Bangalore)
Canarapaper(Canara Paper Packaging, Bangalore)
an individual supplier
an individual supplier

To see the full MSME payment records of Shalimar Incense Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Shalimar Incense Private Limited has a workforce of 367 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.

Employee count
367
Active EPFO establishments
1
Employee growth
15.77%

GST

Shalimar Incense has 12 GST registrations: 11 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
12
Active
11
Cancelled / inactive
1
GSTINStateStatusRegistered on
29AAGCV2670J1ZWKarnatakaActive23 Jan 2018
27AAGCV2670J1Z0MaharashtraActive23 Jan 2018
37AAGCV2670J1ZZAndhra PradeshActive23 Jan 2018
09AAGCV2670J1ZYUttar PradeshActive24 May 2019

To see the full GST registrations and return filing status of Shalimar Incense Private Limited, buy the company report.

Recent activity

Shalimar Incense Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Bhanu Vinod Shah was appointed as Director on 01 Apr 2023.

Charges
A charge with Hdfc Bank Limited amounted to Rs. 12.00 Cr with Charge ID 101209139 was registered on 16 Dec 2025.
Charges
A charge registered on 15 Oct 2020 via Charge ID 100408455 with Hdfc Bank Limited was fully satisfied on 07 Oct 2025.
AGM
Shalimar Incense Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Shalimar Incense Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100845679 was registered on 10 Aug 2023.
Appointed
Bhanu Vinod Shah was appointed as Director.
Ceased
Alkesh Vinod Shah ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.20 Cr with Charge ID 100408455 was registered on 15 Oct 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.00 Cr with Charge ID 100181943 was registered on 30 May 2018.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.00 Cr with Charge ID 100181941 was registered on 25 May 2018.
Appointed
Alkesh Vinod Shah was appointed as Managing Director.
Appointed
Vinod Kanji Shah was appointed as Director.

1 earlier event is in the company report.

News

Frequently asked questions

Shalimar Incense is an active private limited company based in Bangalore, Karnataka, India. The company works in aromatics and benzene derivatives, within the chemicals and materials industry. It was incorporated on 23 January 2018 (8+ years old) and is registered under CIN U74999KA2018PTC109782.

Shalimar Incense has 2 current directors:

The latest financial statements of Shalimar Incense 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 FY 2018 are in the company report.

The GSTIN of Shalimar Incense is 29AAGCV2670J1ZW, registered in Karnataka. The company has 12 GST registrations in all, of which 11 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAGCV2670J1Z0 (Maharashtra), 37AAGCV2670J1ZZ (Andhra Pradesh), 09AAGCV2670J1ZY (Uttar Pradesh).

The CIN (Corporate Identification Number) of Shalimar Incense is U74999KA2018PTC109782. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Shalimar Incense has 42 court cases on record: 14 filed by the company and 28 filed against it. 10 are pending. Most are in the district courts.

Shalimar Incense was incorporated on 23 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.

Shalimar Incense has 1 deal on record (1 funding round), with disclosed funding of ₹35 Cr; the latest was in March 2018.

The peers of Shalimar Incense by revenue are Radial Natural Aromatics Private Limited, Tadimety Aromatics Private Limited, Encee Aromatics Private Limited, Skff(India) Private Limited, Surya Life Sciences Limited and 2 more, all in the Chemicals industry (Aromatics), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Bhanu Vinod Shah was appointed as Director on 01 Apr 2023. Alkesh Vinod Shah ceased to be Director on 31 Mar 2023. Alkesh Vinod Shah was appointed as Managing Director on 23 Jan 2018. Shalimar Incense has 4 board changes on record in total.

Yes, Shalimar Incense is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0057822).

Shalimar Incense has 10 MSME Form 1 returns on record between 2019 and 2023, listing 405 overdue payments to 35 micro and small suppliers. The latest return was filed on 28 Aug 2023.