About Shiva Performance Materials Private Limited
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Shiva Performance Materials Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 23 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2013PTC078001. Its GSTIN is 24AAUCS0857Q1ZG (Gujarat).
The company has an authorised share capital of ₹18.2 Cr and a paid-up capital of ₹17.84 Cr. It is led by directors including Rahul Rakesh Agrawal (Managing Director) and Thakorbhai Dahyabhai Patel (Whole-Time Director).
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 11th Floor Shiva Sarabhai Complex Dr.Vikram Sarabhai Marg Vadiwadi, Vadodara, Gujarat, India – 390023.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,465.71 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net profit of ₹448.83 Cr (net margin 30.6%) and EBITDA of ₹575.29 Cr (EBITDA margin 39.3%). Revenue has grown at a compounded annual rate (CAGR) of 69% over three years and 89% over five years.
The company has about 136 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Shiva Performance Materials. As per MCA filings, the company has open charges of ₹317.77 Cr and satisfied charges of ₹930 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company. The company has 1 deal on record (1 funding round), with disclosed funding of ₹40.36 Cr; the latest was in February 2021. Its 6 peer companies in the Manufacturing industry (Plastics and Resins), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 2 smaller; the largest is Chemplast Cuddalore Vinyls Limited with revenue of ₹2,323.8 Cr. The company has 16 MSME Form 1 returns on record between 2021 and 2024, listing 3,993 overdue payments to 203 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shivaperformance.com.
Company details
Contact details
Shiva Performance Materials Private Limited's registered office is in Vadodara, Gujarat. Its website is shivaperformance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address11th Floor Shiva Sarabhai Complex Dr.Vikram Sarabhai Marg Vadiwadi, Vadodara, Gujarat, India – 390023
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Shiva Performance Materials 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
Brands
Shiva Performance Materials operates one associated brand: Shiva Performance Materials. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Chemical manufacturing and performance materials for pharmaceutical, agrochemical, polymer, and packaging industries. | shivaperformance.com |
Business activity
The main business activity of Shiva Performance Materials 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 Shiva Performance Materials Private Limited, buy the company report.
Financials of Shiva Performance Materials Private Limited
FY 2025 filings availableShiva Performance Materials Private Limited reported revenue of ₹1,465.71 Cr (down 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 44% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 89%. EBITDA rose 74% 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 | ₹575.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹448.83 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 | 39.3% | ||||
| Net Profit Margin | 30.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Shiva Performance Materials Private Limited, buy the company report.
Board of directors of Shiva Performance Materials Private Limited
Shiva Performance Materials has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Shivbhagwan Agrawal Also directs: Messina Properties LLP, Red Earth Art Galleries LLP, Styrenix Performance Materials Limited and 5 more | Director | 23 Dec 2013 | 12 Years 10 Months | Current |
| Rahul Rakesh Agrawal | Managing Director | 23 Dec 2013 | 12 Years 10 Months | Current |
| Vishal Rakesh Agrawal | Director | 23 Dec 2013 | 12 Years 10 Months | Current |
| Thakorbhai Dahyabhai Patel | Whole-Time Director | 01 Apr 2021 | 5 Years 6 Months | Current |
Peer comparison
Shiva Performance Materials Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Plastics and Resins), 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 |
|---|---|---|---|---|---|---|
| Chemplast Cuddalore Vinyls Limited | ₹2,323.8 Cr (FY 2025) | -7.0% | Chennai, Tamil Nadu, India | |||
| K L J Polymers and Chemicals Limited | ₹2,052.13 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Payal Polyplast Private Limited | ₹1,679.14 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Syensqo Specialties India Private Limited | ₹1,549.33 Cr (FY 2025) | 9.0% | Panoli, Gujarat, India | |||
| Shiva Performance Materials Private Limitedthis company | ₹1,465.71 Cr (FY 2025) | ₹448.83 Cr | 30.6% | -44.0% | 136 | Vadodara, Gujarat, India |
| Bhansali Engineering Polymers Limited | ₹1,435.13 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Otsuka Chemical (India) Private Limited | ₹1,013.6 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India |
To see the full peer comparison of Shiva Performance Materials Private Limited, buy the company report.
Auditor
Shiva Performance Materials Private Limited is audited by Talati & Talati LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Talati & Talati LLP | FY 2024 | 110758W/W100377 |
Shareholding
The shareholding of Shiva Performance Materials Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shiva Performance Materials Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Sep 2024 | 100979147 | Hdfc Bank Limited | ₹46.5 Cr | Open | |
| 27 Sep 2023 | 100798282 | Others | ₹62.65 Lakh | Open | |
| 01 Apr 2023 | 100698975 | Hdfc Bank Limited | ₹42.84 Lakh | Open | |
| 09 Mar 2023 | 100691985 | Others | ₹21.65 Lakh | Open | |
| 05 Mar 2022 | 100548458 | Others | ₹115 Cr | Open |
To see the full charge records of Shiva Performance Materials Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Shiva Performance Materials Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹40.36 Cr; the latest was in February 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Funding round | ₹40.36 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shiva Performance Materials Private Limited has 3 court cases on record: 3 filed by Shiva Performance Materials. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (1 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against M J Brothers and Industries and 2 others | Disposed |
To see the full case history of Shiva Performance Materials 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
Shiva Performance Materials Private Limited has 16 MSME Form 1 returns on record between 2021 and 2024, listing 3,993 overdue payments to 203 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 203)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| HTC Valves Private Limited | |||
| Bluediamond Logistics Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Shiva Performance Materials Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Shiva Performance Materials has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Styrenix Performance Materials Limited | L25200GJ1973PLC002436 | |
| Shiva Performance Speciality Private Limited | U24100GJ2019PTC110333 |
To see the full group structure of Shiva Performance Materials Private Limited, buy the company report.
Employees & EPFO
Shiva Performance Materials Private Limited has a workforce of 136 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Shiva Performance Materials has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAUCS0857Q1ZG | Gujarat | Active | 07 Mar 2019 |
To see the full GST registrations and return filing status of Shiva Performance Materials Private Limited, buy the company report.
Recent activity
Shiva Performance Materials Private Limited has 5 board changes on record since 2013: 4 appointments and 1 cessation. The latest: Rahul Rakesh Agrawal ceased to be Director on 01 Jul 2021.
10 earlier events are in the company report.
Frequently asked questions
Shiva Performance Materials is an active private limited company based in Vadodara, Gujarat, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 23 December 2013 (13+ years old) and is registered under CIN U24100GJ2013PTC078001.
Shiva Performance Materials has 4 current directors:
- Rahul Rakesh Agrawal - Managing Director
- Thakorbhai Dahyabhai Patel - Whole-Time Director
- Rakesh Shivbhagwan Agrawal - Director
- Vishal Rakesh Agrawal - Director
The latest financial statements of Shiva Performance Materials 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 Shiva Performance Materials is 24AAUCS0857Q1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Shiva Performance Materials is U24100GJ2013PTC078001. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shiva Performance Materials has 3 court cases on record: 3 filed by the company.
Shiva Performance Materials was incorporated on 23 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Shiva Performance Materials has 1 deal on record (1 funding round), with disclosed funding of ₹40.36 Cr; the latest was in February 2021.
The peers of Shiva Performance Materials by revenue are Chemplast Cuddalore Vinyls Limited, K L J Polymers and Chemicals Limited, Payal Polyplast Private Limited, Syensqo Specialties India Private Limited, Bhansali Engineering Polymers Limited and 1 more, all in the Manufacturing industry (Plastics and Resins), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Rahul Rakesh Agrawal ceased to be Director on 01 Jul 2021. Thakorbhai Dahyabhai Patel was appointed as Whole-Time Director on 01 Apr 2021. Rahul Rakesh Agrawal was appointed as Managing Director on 23 Dec 2013. Shiva Performance Materials has 5 board changes on record in total.
Shiva Performance Materials has 16 MSME Form 1 returns on record between 2021 and 2024, listing 3,993 overdue payments to 203 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Shiva Performance Materials can be reached through the website shivaperformance.com. Its registered office is in Vadodara, Gujarat, India.