Sicer India Private Limited

Sicer India Private Limited - chemicals and materials in Wankaner, Gujarat, India. FY 2026 financials & compliance.
CIN U24223GJ2013PTC073283 Incorporated 07 January 2013 ROC Ahmedabad HQ Wankaner, Gujarat, India
Active Private Limited Company chemicals and materials MSME · Medium
Data last updated
Revenue · FY 2025
₹275.1 Cr
▲ 27% YoY
Net profit · FY 2025
₹27.73 Cr
Net margin 10.1%
EBITDA · FY 2025
₹48.96 Cr
EBITDA margin 17.8%
Authorised capital
₹1.8 Cr
Registered with MCA
Paid-up capital
₹1.66 Cr
Issued & subscribed
Open charges
₹46.87 Cr
Satisfied ₹22 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
145
Provident fund records

About Sicer India Private Limited

Data last updated:

Sicer India Private Limited is a private limited company based in Wankaner, Gujarat, India, a subsidiary of Sicer Spa. It operates in the colorants segment of the chemicals and materials sector. It was incorporated on 07 January 2013 and has been in existence for over 13 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24223GJ2013PTC073283. Its GSTIN is 24AASCS5812M1ZT (Gujarat).

The company has an authorised share capital of ₹1.8 Cr and a paid-up capital of ₹1.66 Cr. It was formerly known as Sol Inks Private Limited and Sicer Inkera Private Limited. It is led by directors including Luca Mendola and Giuliano Ferrari.

Its last annual general meeting (AGM) was held on 26 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Wankaner, Gujarat.

As per the financials filed for FY 2025, the company reported a revenue of ₹275.1 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹27.73 Cr (net margin 10.1%) and EBITDA of ₹48.96 Cr (EBITDA margin 17.8%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 32% over five years.

The company has about 145 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹46.87 Cr and satisfied charges of ₹22 Cr on record. Court records list 14 cases involving the company, including 9 filed by the company and 5 filed against it; 9 cases are pending. The company has 12 deals on record (10 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹63.25 Cr; the latest was in December 2024. Its 7 peer companies in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 4 smaller; the largest is Crystal Quinone Pvt Ltd with revenue of ₹306.89 Cr. The company has 3 MSME Form 1 returns on record between 2021 and 2022, listing 10 overdue payments to 6 micro and small suppliers.

Sicer India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0023723). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website inkerainks.com.

Company details

CIN U24223GJ2013PTC073283
Registration Number 073283
Incorporation Date 07 January 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 November 2025
Date of Balance Sheet 31 March 2025
Parent Company Sicer Spa
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-32-0023723

Name history

Sicer India has undergone 2 name changes throughout its history. The company was previously known as Sol Inks Private Limited, and Sicer Inkera Private Limited. The current legal name is Sicer India Private Limited.

Company NameStatus
Sicer India Private LimitedCurrent
Sol Inks Private LimitedPrevious
Sicer Inkera Private LimitedPrevious
Key People
Luca Mendola Director Giuliano Ferrari Director Bharatkumar Hargovindbhai Zalariya Director

Recognitions & Rankings of Sicer India

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-32-0023723

Contact details

Sicer India Private Limited's registered office is in Wankaner, Gujarat. Its website is inkerainks.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    inkerainks.com
  • Social Media
  • Registered Address
    C/O. Evershine Cera Private Limited, Nr. Makson Ceramic 8 – A National Highway, Wankaner, Gujarat, India – 363621
  • Industry
    Chemicals and Materials, Colorants, Dyes & Pigments

To see the full contact details of Sicer India Private Limited, buy the company report.

Comprehensive company report
Sicer India 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 Sicer India 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 Sicer India Private Limited, buy the company report.

Financials of Sicer India Private Limited

FY 2025 filings available

Sicer India Private Limited reported revenue of ₹275.1 Cr (up 27% YoY) for FY 2025.

Revenue · FY 2025
₹275.1 Cr ▲ 27%
Net profit · FY 2025
₹27.73 Cr margin 10.1%
EBITDA · FY 2025
₹48.96 Cr margin 17.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 27%
3 years · compounded
▲ 35%
5 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 55%
5 years · compounded
▲ 44%

Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 27% growth in the latest year. EBITDA fell 6% 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₹48.96 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹27.73 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 Margin17.8%
Net Profit Margin10.1%
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 Sicer India Private Limited, buy the company report.

Board of directors of Sicer India Private Limited

Sicer India has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Luca Mendola
Also directs: Sunshine Glass Company Private Limited
Director20 Apr 20197 Years 6 MonthsCurrent
Giuliano FerrariDirector12 Mar 20206 Years 7 MonthsCurrent
Bharatkumar Hargovindbhai Zalariya
Also directs: RVP Business LLP, Sure Mineral LLP, Serin Ceramica LLP and 1 more
Director03 Mar 20224 Years 7 MonthsCurrent
Gianfranco PadovaniDirector20 Apr 20197 Years 6 MonthsCurrent
View all directors

Peer comparison

Sicer India Private Limited is compared with the 7 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Crystal Quinone Pvt Ltd₹306.89 Cr (FY 2025)8.0%Ahmedabad, Gujarat, India
Lona Industries Limited₹300.81 Cr (FY 2025)24.0%Mumbai, Maharashtra, India
Detergeo Chem Private Limited₹297.03 Cr (FY 2025)46.0%New Delhi, Delhi, India
Sicer India Private Limitedthis company₹275.1 Cr (FY 2025)₹27.73 Cr10.1%27.0%145Wankaner, Gujarat, India
Saraf Chemicals Private Limited₹271.96 Cr (FY 2025)16.0%Mumbai, Maharashtra, India
K Patel Chemo-Pharma Private Limited₹271.29 Cr (FY 2025)23.0%Ankleshwar, Gujarat, India
Narayan Organics Pvt Ltd₹267.9 Cr (FY 2024)23.0%Ahmedabad, Gujarat, India
Soujanya Color Private Limited₹264.46 Cr (FY 2025)3.0%Navi Mumbai, Maharashtra, India

To see the full peer comparison of Sicer India Private Limited, buy the company report.

Auditor

Sicer India Private Limited is audited by S R B C & Co Llp for the financial year 2024.

Auditor firmFinancial yearFirm registration number
S R B C & Co LlpFY 2024324982E

Shareholding

The shareholding of Sicer India 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 categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Sicer India Private Limited, buy the company report.

Charges & borrowings

Open charges
₹46.87 Cr
Satisfied charges
₹22 Cr
Breakdown by lending institutions
Others₹45.00 Cr
Hdfc Bank Limited₹1.87 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
01 Feb 2025101050908Others₹5 CrOpen
25 Nov 2024101007509Hdfc Bank Limited₹1.32 CrOpen
28 Dec 2023100850111Others₹40 CrOpen
27 Sep 2022100629770Hdfc Bank Limited₹40.5 LakhOpen
19 Jan 2021100411023Hdfc Bank Limited₹7.05 LakhOpen

To see the full charge records of Sicer India Private Limited, buy the company report.

Total charge records: 9 View all charges

Deals & funding

Sicer India Private Limited has 12 deals on record (10 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹63.25 Cr; the latest was in December 2024.

Total deals
12
Secondary share transfers
10
Rights issue
1
Funding round
1
Disclosed funding
₹63.25 Cr

Deals on record (5 of 12)

WhenDealAmountParties
Dec 2024Funding round₹63.25 CrInvestors: an individual
Feb 2024Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals
Feb 2023Secondary share transferUndisclosedBuyer: 3 individuals
Seller: Solaris Ceramic Private Limited, an individual
Sep 2021Secondary share transferUndisclosedBuyer: Solaris Ceramic Private Limited
Seller: 4 individuals
Sep 2021Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals

To see the full deal history of Sicer India Private Limited, buy the company report.

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

MSME payment delays

Sicer India Private Limited has 3 MSME Form 1 returns on record between 2021 and 2022, listing 10 overdue payments to 6 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 6)

SupplierAmount dueDue sinceReported on
Synco Industries Limited
an individual supplier
R K Doshi & Co LLP
Shiv Sai Polymers
an individual supplier

To see the full MSME payment records of Sicer India Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Sicer India Private Limited has a workforce of 145 employees on its EPFO records as of Nov 22, 2025, across 1 active EPFO establishment.

Employee count
145
Active EPFO establishments
1
Employee growth
16.94%

GST

Sicer India has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AASCS5812M1ZTGujaratActive01 Jul 2017

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

Recent activity

Sicer India Private Limited has 16 board changes on record since 2016: 4 appointments and 12 cessations. The latest: Bharatkumar Hargovindbhai Zalariya was appointed as Director on 03 Mar 2022.

AGM
Sicer India Private Limited last Annual general meeting of members was held on 26 Nov 2025 as per latest MCA records.
Filing
Sicer India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101050908 was registered on 01 Feb 2025.
Charges
A charge with Others of Rs. 40.00 Cr registered on 28 Dec 2023 with Charge ID 100850111 was modified on 01 Feb 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.32 Cr with Charge ID 101007509 was registered on 25 Nov 2024.
Charges
A charge registered on 17 May 2023 via Charge ID 100723932 with Hdfc Bank Limited was fully satisfied on 28 Feb 2024.
Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 100850111 was registered on 28 Dec 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 15.00 Cr with Charge ID 100723932 was registered on 17 May 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.41 Cr with Charge ID 100629770 was registered on 27 Sep 2022.
Appointed
Bharatkumar Hargovindbhai Zalariya was appointed as Director.
Ceased
Mayurbhai Nanjibhai Detroja ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.07 Cr with Charge ID 100411023 was registered on 19 Jan 2021.

21 earlier events are in the company report.

Frequently asked questions

Sicer India is an active private limited company based in Wankaner, Gujarat, India. The company works in colorants, within the chemicals and materials industry. It was incorporated on 07 January 2013 (13+ years old) and is registered under CIN U24223GJ2013PTC073283.

Sicer India has 4 current directors:

The latest financial statements of Sicer India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 November 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Sicer India is 24AASCS5812M1ZT, registered in Gujarat.

The CIN (Corporate Identification Number) of Sicer India is U24223GJ2013PTC073283. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Sicer India has 14 court cases on record: 9 filed by the company and 5 filed against it. 9 are pending. Most are in the district courts.

Sicer India was incorporated on 07 January 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Sicer India has 12 deals on record (10 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹63.25 Cr; the latest was in December 2024.

The peers of Sicer India by revenue are Crystal Quinone Pvt Ltd, Lona Industries Limited, Detergeo Chem Private Limited, Saraf Chemicals Private Limited, K Patel Chemo-Pharma Private Limited and 2 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).

Bharatkumar Hargovindbhai Zalariya was appointed as Director on 03 Mar 2022. Mayurbhai Nanjibhai Detroja ceased to be Director on 24 Sep 2021. Giuliano Ferrari ceased to be Additional Director on 21 Dec 2020. Sicer India has 16 board changes on record in total.

Yes, Sicer India is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-32-0023723).

Sicer India has 3 MSME Form 1 returns on record between 2021 and 2022, listing 10 overdue payments to 6 micro and small suppliers. The latest return was filed on 13 Aug 2022.