About Shiva Pharmachem Limited
Data last updated:
Shiva Pharmachem Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 18 March 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1999PLC035615. Its GSTIN is 24AAJCS3940B1ZO (Gujarat). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹38.5 Cr and a paid-up capital of ₹21.24 Cr. It was formerly known as Sppl India Limited. It is led by directors including Vishal Rakesh Agrawal (Managing Director) and Ranjeet Singh (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 12th 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 ₹608 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹25.44 Cr (net margin 4.2%) and EBITDA of ₹128.26 Cr (EBITDA margin 21.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 2% over five years.
The company has about 661 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shiva Pharmachem. As per MCA filings, the company has open charges of ₹847.1 Cr and satisfied charges of ₹405.75 Cr on record. Court records list 130 cases involving the company, including 42 filed by the company and 88 filed against it; 45 cases are pending. The company has 11 deals on record (7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹19.5 Cr; the latest was in March 2023. The company has 27 MSME Form 1 returns on record between 2016 and 2024, listing 4,647 overdue payments to 391 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 shivapharmachem.com.
Company details
Name history
Shiva Pharmachem has undergone 3 name changes throughout its history. The company was previously known as Shiva Pharmachem Limited, Sppl India Limited, and Shiva Pharmachem Private Limited. The current legal name is Shiva Pharmachem Limited.
| Company Name | Status |
|---|---|
| Shiva Pharmachem Limited | Current |
| Shiva Pharmachem Limited | Previous |
| Sppl India Limited | Previous |
| Shiva Pharmachem Private Limited | Previous |
CIN history
Shiva Pharmachem has one previous CIN (Corporate Identification Number): U24231GJ1999PTC035615. The current CIN is U24231GJ1999PLC035615, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24231GJ1999PLC035615 | Current |
| U24231GJ1999PTC035615 | Previous |
Contact details
Shiva Pharmachem Limited's registered office is in Vadodara, Gujarat. Its website is shivapharmachem.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address12th 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 Pharmachem 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 Pharmachem operates one associated brand: Shiva Pharmachem. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of acid and alkyl chlorides with a focus on global exports and sustainability practices. | shivapharmachem.com |
Business activity
The main business activity of Shiva Pharmachem 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 Pharmachem Limited, buy the company report.
Financials of Shiva Pharmachem Limited
FY 2025 filings availableShiva Pharmachem Limited reported revenue of ₹608 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 11% growth in the latest year. EBITDA rose 41% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹608 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹128.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹25.44 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.1% | ||||
| Net Profit Margin | 4.2% | ||||
| 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 Shiva Pharmachem Limited, buy the company report.
Board of directors of Shiva Pharmachem Limited
Shiva Pharmachem has 8 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
Auditor
Shiva Pharmachem Limited is audited by Talati & Talati LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Talati & Talati LLP | FY 2023 | 110758W/W100377 |
Shareholding
The shareholding of Shiva Pharmachem 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 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 Shiva Pharmachem Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jul 2026 | 101374912 | Others | ₹100 Cr | Open | |
| 20 Mar 2026 | 101271139 | Others | ₹60 Cr | Open | |
| 15 Nov 2024 | 101007827 | Hdfc Bank Limited | ₹60 Cr | Open | |
| 25 Sep 2024 | 100987410 | Others | ₹1.1 Cr | Open | |
| 22 Nov 2023 | 100830314 | Others | ₹50 Cr | Open |
To see the full charge records of Shiva Pharmachem Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Shiva Pharmachem Limited has 11 deals on record (7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹19.5 Cr; the latest was in March 2023.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2020 | Funding round | ₹6 Cr | Investors: 4 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Seller: Geetganga Investment Private Limited |
| Dec 2009 | Funding round | ₹4 Cr | Investors: Tash Investment Private Limited , 2 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Tash Investment Private Limited |
| Jun 2008 | Secondary share transfer | Undisclosed | Buyer: Tash Investment Private Limited , 3 individuals Seller: Geetganga Investment Private Limited |
To see the full deal history of Shiva Pharmachem 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
Shiva Pharmachem Limited has 130 court cases on record: 42 filed by Shiva Pharmachem, 88 filed against it. 45 cases are pending and 85 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 122 | 84 | 43 |
| High courts | 5 | 3 | 1 |
| NCLT | 2 | 0 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 130)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2406-Indirect Taxation : Goods and Services Tax, Integrated Goods and Services Tax, State Goods and Services Tax, UT Goods and Services Tax.) | Filed against the company by Union of India and 5 others | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against M/S Dex-Vin Polymers Private Ltd and 3 others | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against Econship Marine Pvt.Ltd. and 1 other | Disposed |
| District court, Vadodara, Gujarat | Court case (RECO33C1-LC) | Filed against the company by an individual | Pending |
| District court, Vadodara, Gujarat | Court case (RECO33C1-LC) | Filed against the company by an individual | Pending |
To see the full case history of Shiva Pharmachem 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
Shiva Pharmachem Limited was last rated by Care on 04 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 Apr 2022 |
To see the full credit ratings and regulatory alerts of Shiva Pharmachem Limited, buy the company report.
MSME payment delays
Shiva Pharmachem Limited has 27 MSME Form 1 returns on record between 2016 and 2024, listing 4,647 overdue payments to 391 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 391)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Glass Tef Engineering | |||
| an individual supplier | |||
| Renaissance Industries |
To see the full MSME payment records of Shiva Pharmachem Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Shiva Pharmachem Limited has a workforce of 661 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 661 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Shiva Pharmachem Limited, buy the company report.
GST
Shiva Pharmachem has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCS3940B1ZO | Gujarat | Active | 01 Jul 2017 |
| 24AAJCS3940B3ZM | Gujarat | Active | 06 Jul 2017 |
To see the full GST registrations and return filing status of Shiva Pharmachem Limited, buy the company report.
Recent activity
Shiva Pharmachem Limited has 23 board changes on record since 2001: 8 appointments and 15 cessations. The latest: Ranjeet Singh was appointed as Whole-Time Director on 26 Jun 2026.
85 earlier events are in the company report.
Frequently asked questions
Shiva Pharmachem is an active public limited company based in Vadodara, Gujarat, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 18 March 1999 (27+ years old) and is registered under CIN U24231GJ1999PLC035615.
Shiva Pharmachem has 8 current directors:
- Vishal Rakesh Agrawal - Managing Director
- Ranjeet Singh - Whole-Time Director
- Rahul Rakesh Agrawal - Director
- Rakesh Shiwebhagwan Agrawal - Director
- Milin Kaimas Mehta - Director
- Taneja Premkumar - Director
- Dukhabandhu Rath - Director
- Madhavi Vishal Agrawal - Director
The latest financial statements of Shiva Pharmachem 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 Pharmachem is 24AAJCS3940B1ZO, registered in Gujarat. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 24AAJCS3940B3ZM (Gujarat).
The CIN (Corporate Identification Number) of Shiva Pharmachem is U24231GJ1999PLC035615. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shiva Pharmachem has 130 court cases on record: 42 filed by the company and 88 filed against it. 45 are pending. Most are in the district courts.
Shiva Pharmachem was incorporated on 18 March 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Shiva Pharmachem has 11 deals on record (7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹19.5 Cr; the latest was in March 2023.
Ranjeet Singh was appointed as Whole-Time Director on 26 Jun 2026. Madhavi Vishal Agrawal was appointed as Director on 30 May 2026. Anil Shantilal Inani ceased to be CFO on 26 Jun 2025. Shiva Pharmachem has 23 board changes on record in total.
Shiva Pharmachem has 27 MSME Form 1 returns on record between 2016 and 2024, listing 4,647 overdue payments to 391 micro and small suppliers. The latest return was filed on 24 Apr 2024.
Shiva Pharmachem can be reached through the website shivapharmachem.com. Its registered office is in Vadodara, Gujarat, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
