About Si Group - India Private Limited
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Si Group - India Private Limited is a private limited company based in Pali, Maharashtra, India, a subsidiary of Si Group Inc. It operates in the organic chemicals and compounds segment of the chemicals and materials sector. It was incorporated on 01 July 1963 and has been in existence for over 63 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1963PTC012674. Its GSTIN is 27AAACH7323L1ZG (Maharashtra). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹103.5 Cr and a paid-up capital of ₹41.21 Cr. It was formerly known as Herdillia Chemicals Limited and Schenectady Herdillia Limited. It is led by directors including Suresh Varadarajan (Managing Director) and Eric Howard Samuels.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No. 147 Village Rasal Pali Khopoli Road P. O. Pali Taluka Sudhagad District Ra, Igad, Maharashtra, India – 410205.
As per the financials filed for FY 2025, the company reported a revenue of ₹652.62 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹44.69 Cr (net margin 6.8%) and EBITDA of ₹73.38 Cr (EBITDA margin 11.2%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years.
The company has about 183 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SI Group. As per MCA filings, the company has open charges of ₹23 Lakh and satisfied charges of ₹178.9 Cr on record. Court records list 146 cases involving the company, including 38 filed by the company and 109 filed against it; 75 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹35.23 Cr; the latest was in December 2011. Its 3 peer companies in the Chemicals industry (Organic Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 smaller; the largest is Sandhya Organic Chemicals Pvt Ltd with revenue of ₹652.59 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 385 overdue payments to 104 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 siigroup.com.
Company details
Name history
Si Group - India has undergone 3 name changes throughout its history. The company was previously known as Herdillia Chemicals Limited, Schenectady Herdillia Limited, and Si Group - India Limited.. The current legal name is Si Group - India Private Limited.
| Company Name | Status |
|---|---|
| Si Group - India Private Limited | Current |
| Herdillia Chemicals Limited | Previous |
| Schenectady Herdillia Limited | Previous |
| Si Group - India Limited. | Previous |
CIN history
Si Group - India has one previous CIN (Corporate Identification Number): U99999MH1963PLC012674. The current CIN is U99999MH1963PTC012674, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1963PTC012674 | Current |
| U99999MH1963PLC012674 | Previous |
Contact details
Si Group - India Private Limited's registered office is in Pali, Maharashtra. Its website is siigroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No. 147 Village Rasal Pali Khopoli Road P. O. Pali Taluka Sudhagad District Ra, Igad, Maharashtra, India – 410205
- IndustryChemicals and Materials, Organic Chemicals & Compounds
To see the full contact details of Si Group - India 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
Si Group - India operates one associated brand: SI Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Performance additives and chemical intermediates are developed and manufactured. | siigroup.com |
Business activity
The main business activity of Si Group - India 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 Si Group - India Private Limited, buy the company report.
Financials of Si Group - India Private Limited
FY 2025 filings availableSi Group - India Private Limited reported revenue of ₹652.62 Cr (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over three years, including a 10% fall in the latest year. EBITDA fell 35% 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 | ₹73.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹44.69 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 | 11.2% | ||||
| Net Profit Margin | 6.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Si Group - India Private Limited, buy the company report.
Board of directors of Si Group - India Private Limited
Si Group - India has 5 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Varadarajan Also directs: Addivant India Private Limited | Managing Director | 12 Jan 2017 | 9 Years 9 Months | Current |
| Eric Howard Samuels Also directs: Addivant India Private Limited | Director | 09 Mar 2023 | 3 Years 7 Months | Current |
| Sidney Christian Watts Also directs: Addivant India Private Limited | Director | 09 Mar 2023 | 3 Years 7 Months | Current |
| Paul William Dils | Additional Director | 29 May 2025 | 1 Years 5 Months | Current |
| Shawn Thomas Furner | Additional Director | 18 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Si Group - India Private Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Organic Chemicals), 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 |
|---|---|---|---|---|---|---|
| Si Group - India Private Limitedthis company | ₹652.62 Cr (FY 2025) | ₹44.69 Cr | 6.8% | -10.0% | 183 | Pali, Maharashtra, India |
| Sandhya Organic Chemicals Pvt Ltd | ₹652.59 Cr (FY 2025) | 11.0% | Vapi, Gujarat, India | |||
| Oasis Ethanol Industries Private Limited | ₹601.61 Cr (FY 2024) | 436312.0% | Ambala, Haryana, India | |||
| M G Petrochem Private Limited | ₹581.68 Cr (FY 2025) | 77.0% | Delhi, India |
To see the full peer comparison of Si Group - India Private Limited, buy the company report.
Auditor
Si Group - India Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Si Group - India 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 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 Si Group - India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2000 | 90371420 | Janata Sahakri Bank Ltd. | ₹23 Lakh | Open | |
| 31 Dec 2005 | 90242828 | State Bank of India | ₹37.95 Cr | Satisfied | |
| 26 Apr 2005 | 80059360 | Bank of America N.A. | ₹85 Cr | Satisfied | |
| 02 Dec 2002 | 80059361 | The Bank of Nova Scotia | ₹40 Cr | Satisfied | |
| 31 Oct 1997 | 80018267 | Caterpillar Financial Services Corporation | ₹15.95 Cr | Satisfied |
To see the full charge records of Si Group - India Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Si Group - India Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹35.23 Cr; the latest was in December 2011.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2011 | Funding round | ₹35.23 Cr | Investors: Si Group Inc., Si Group Canada Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Si Group - India Private Limited has 146 court cases on record: 38 filed by Si Group - India, 109 filed against it. 75 cases are pending and 71 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 78 | 73 | 66 |
| High courts | 60 | 30 | 8 |
| Supreme Court | 7 | 6 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 146)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed by the company against Ram Charan Company Pvt. Ltd. | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Newfound Properties and Leasing Pvt Ltd. and 1 other | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Ansa Brakes Pvt. Ltd. Etc 3 | Disposed |
| High Court of Delhi | Court case (CO.PET.) | Filed by the company against Ansa Brakes Private Limited | Disposed |
| Bombay High Court | Appeal | Filed by the company against Schenectady Specialities Asia P.Ltd.With Schenect-Ady Herdillia Ltd. and 1 other | Disposed |
To see the full case history of Si Group - India 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
Si Group - India Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 385 overdue payments to 104 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 104)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| S K Arora and Sons | |||
| Fox Solutions Private Limited | |||
| an individual supplier | |||
| Acme Process Systems Private Limited | |||
| Padmaja Areo Biologicals Private Limited |
To see the full MSME payment records of Si Group - India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Si Group - India Private Limited has a workforce of 183 employees on its EPFO records as of Apr 06, 2024, across 4 active EPFO establishments.
GST
Si Group - India has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH7323L1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Si Group - India Private Limited, buy the company report.
Recent activity
Si Group - India Private Limited has 31 board changes on record since 2007: 5 appointments and 26 cessations. The latest: Paul William Dils was appointed as Additional Director on 29 May 2025.
33 earlier events are in the company report.
News
Frequently asked questions
Si Group - India is an active private limited company based in Pali, Maharashtra, India. The company works in organic chemicals and compounds, within the chemicals and materials industry. It was incorporated on 01 July 1963 (63+ years old) and is registered under CIN U99999MH1963PTC012674.
Si Group - India has 5 current directors:
- Suresh Varadarajan - Managing Director
- Eric Howard Samuels - Director
- Sidney Christian Watts - Director
- Paul William Dils - Additional Director
- Shawn Thomas Furner - Additional Director
The latest financial statements of Si Group - India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Si Group - India is 27AAACH7323L1ZG, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Si Group - India is U99999MH1963PTC012674. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Si Group - India has 146 court cases on record: 38 filed by the company and 109 filed against it. 75 are pending. Most are in the district courts.
Si Group - India was incorporated on 01 July 1963, making it 63+ years old. It is registered with the Registrar of Companies, Mumbai.
Si Group - India has 1 deal on record (1 funding round), with disclosed funding of ₹35.23 Cr; the latest was in December 2011.
The peers of Si Group - India by revenue are Sandhya Organic Chemicals Pvt Ltd, Oasis Ethanol Industries Private Limited, M G Petrochem Private Limited, all in the Chemicals industry (Organic Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Paul William Dils was appointed as Additional Director on 29 May 2025. Shawn Thomas Furner was appointed as Additional Director on 18 Dec 2024. Colin Matthew Grover ceased to be Additional Director on 09 May 2024. Si Group - India has 31 board changes on record in total.
Si Group - India has 14 MSME Form 1 returns on record between 2019 and 2024, listing 385 overdue payments to 104 micro and small suppliers. The latest return was filed on 18 Apr 2024.
Si Group - India can be reached through the website siigroup.com. Its registered office is in Pali, Maharashtra, India.