India's Most Valuable Companies 2021 edition · Source: Hurun India
Rank#478- Valuation
- ₹6,100 Cr
Revenue · FY 2025
₹2,040.58 Cr
▲ 2% YoY
Net profit · FY 2025
₹388.73 Cr
Net margin 19%
EBITDA · FY 2025
₹539.37 Cr
EBITDA margin 26.4%
Authorised capital
₹2.51 Cr
Registered with MCA
Paid-up capital
₹1.75 Cr
Issued & subscribed
Open charges
₹9.75 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
114
Provident fund records
About Signet Excipients Private Limited
Data last updated:
Signet Excipients Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Imcd India Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 07 January 2019.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24299MH2019PTC319152. Its GSTIN is 27ABBCS3804K1ZA (Maharashtra).
The company had an authorised share capital of ₹2.51 Cr and a paid-up capital of ₹1.75 Cr. It was led by directors Ramanuj Chandrashekhar Kankani and Narendra Sujit Varde.
Its last annual general meeting (AGM) was held on 11 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,040.58 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹388.73 Cr (net margin 19%) and EBITDA of ₹539.37 Cr (EBITDA margin 26.4%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 25% over five years.
The company had about 114 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Signet Excipients and Signet Chem. As per MCA filings, the company had open charges of ₹9.75 Cr on record. Court records list 9 cases involving the company, including 8 filed by the company and 1 filed against it; 4 cases are pending. The company has 3 deals on record (2 acquisitions, 1 secondary share transfer); the latest was in March 2024. Its 5 peer companies in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 3 smaller; the largest is Hella Chemical Market Private Limited with revenue of ₹2,191.57 Cr.
The last known website on record is signetexcipients.com.
Company details
CIN U24299MH2019PTC319152
Registration Number 319152
Incorporation Date 07 January 2019
ROC Mumbai
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 11 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Imcd India Private Limited
Recognitions & Rankings of Signet Excipients
Contact details
Signet Excipients Private Limited's registered office is in Mumbai, Maharashtra. Its website is signetexcipients.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address26th Floor The Ruby North, 29 Senapati Bapat Marg Dadar (West), Mumbai, Maharashtra, India – 400028
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Signet Excipients Private Limited, buy the company report.
Comprehensive company report
Signet Excipients 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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Brands
Signet Excipients operates two associated brands: Signet Excipients and Signet Chem. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pharmaceutical excipients and products are retailed by Signet in India. | signetexcipients.com | |
| CDMO focused on manufacturing of solid, liquid, and other dosage form of drugs | signetchem.com |
Business activity
The main business activity of Signet Excipients is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Signet Excipients Private Limited, buy the company report.
Financials of Signet Excipients Private Limited
FY 2025 filings availableSignet Excipients Private Limited reported revenue of ₹2,040.58 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹2,040.58 Cr ▲ 2%
Net profit · FY 2025
₹388.73 Cr margin 19%
EBITDA · FY 2025
₹539.37 Cr margin 26.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 11%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 9%
5 years · compounded
▲ 29%
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 2% growth in the latest year. EBITDA fell 7% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹539.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹388.73 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 | |||||
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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 | 26.4% | ||||
| Net Profit Margin | 19% | ||||
| 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 Signet Excipients Private Limited, buy the company report.
Board of directors of Signet Excipients Private Limited
Signet Excipients has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Directors (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramanuj Chandrashekhar Kankani Also directs: Trichem Lifesciences Limited, Trichem Healthcare Private Limited, Imcd India Private Limited and 2 more | Director | 04 Nov 2020 | 6 Years 0 Months | As last reported |
| Narendra Sujit Varde Also directs: Trichem Lifesciences Limited, Trichem Healthcare Private Limited, Imcd India Private Limited and 1 more | Director | 15 May 2024 | 2 Years 5 Months | As last reported |
Peer comparison
Signet Excipients Private Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hella Chemical Market Private Limited | ₹2,191.57 Cr (FY 2023) | 11.0% | Thane, Maharashtra, India | |||
| Tricon Energy India Private Limited | ₹2,179.12 Cr (FY 2025) | 47.0% | Mumbai, Maharashtra, India | |||
| Signet Excipients Private Limitedthis company | ₹2,040.58 Cr (FY 2025) | ₹388.73 Cr | 19% | 2.0% | 114 | Mumbai, Maharashtra, India |
| Sushila Parmar International Private Limited | ₹1,969.93 Cr (FY 2025) | -22.0% | Pune, Maharashtra, India | |||
| Vimal Intertrade Private Limited | ₹1,833.47 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| R.R.Innovative Private Limited | ₹1,786.42 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Signet Excipients Private Limited, buy the company report.
Auditor
Signet Excipients Private Limited is audited by Deloitte Haskins and Sells LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins and Sells LLP | FY 2024 | 117366W/W-100018 |
Shareholding
The shareholding of Signet Excipients 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 Signet Excipients Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.75 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 2023 | 100692239 | The Hongkong and Shanghai Banking Corporation Limited | ₹1.5 Cr | Open | |
| 10 Jul 2020 | 100390744 | Others | ₹8.25 Cr | Open |
To see the full charge records of Signet Excipients Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Signet Excipients Private Limited has 3 deals on record (2 acquisitions, 1 secondary share transfer); the latest was in March 2024.
Total deals
3
Acquisitions
2
Secondary share transfer
1
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Imcd India Private Limited Seller: 2 individuals |
| Mar 2021 | Acquisition | Undisclosed | Buyer: Imcd India Private Limited Seller: Subah Private Trust, Seher Private Trust, 2 individuals |
| Sep 2020 | Acquisition | ₹2,957.85 Cr | Buyer: Imcd India Private Limited Seller: Subah Private Trust, Seher Private Trust, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Signet Excipients Private Limited has 9 court cases on record: 8 filed by Signet Excipients, 1 filed against it. 4 cases are pending and 5 are disposed.
Total cases
9
Filed by the company
8
Filed against the company
1
Pending
4
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 2 |
| District courts | 3 | 0 | 2 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Bajaj Allianz General Insurance Co. Ltd. | Pending |
| Bombay High Court | Writ petition | Filed by the company against Union of India | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Bajaj Allianz General Insurance Co. Ltd. | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Bajaj Allianz General Insurance Co. Ltd. | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Union of India | Disposed |
To see the full case history of Signet Excipients 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
No delayed payments to MSME suppliers are on our record for Signet Excipients Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Signet Excipients Private Limited has a workforce of 114 employees on its EPFO records as of Dec 06, 2024, across 1 active EPFO establishment.
Employee count
114
Active EPFO establishments
1
Employee growth
6.54%
GST
Signet Excipients has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABBCS3804K1ZA | Maharashtra | Active | 07 Jan 2020 |
To see the full GST registrations and return filing status of Signet Excipients Private Limited, buy the company report.
Recent activity
Signet Excipients Private Limited has 12 board changes on record since 2020: 2 appointments and 10 cessations. The latest: Bina Harish Shah ceased to be Director on 31 Oct 2024.
Charges
A charge with Others of Rs. 8.25 Cr registered on 10 Jul 2020 with Charge ID 100390744 was modified on 31 Oct 2025.
AGM
Signet Excipients Private Limited last Annual general meeting of members was held on 11 Aug 2025 as per latest MCA records.
Filing
Signet Excipients Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Bina Harish Shah ceased to be Director.
Ceased
Geena Malhotra ceased to be Additional Director.
Appointed
Narendra Sujit Varde was appointed as Director.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 1.50 Cr with Charge ID 100692239 was registered on 01 Mar 2023.
Ceased
Amit Lalit Hirani ceased to be Additional Director.
Ceased
Daan Frederik Roebbers ceased to be Additional Director.
Ceased
Heeshma Chirag Shah ceased to be Additional Director.
Ceased
John James Robinson ceased to be Additional Director.
Appointed
Ramanuj Chandrashekhar Kankani was appointed as Director.
6 earlier events are in the company report.
News
Frequently asked questions
Signet Excipients has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Signet Excipients was a private limited company based in Mumbai, Maharashtra, India. The company worked in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 07 January 2019 and is registered under CIN U24299MH2019PTC319152. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Signet Excipients was incorporated on 07 January 2019. It is registered with the Registrar of Companies, Mumbai.
Signet Excipients had 2 directors:
- Ramanuj Chandrashekhar Kankani - Director
- Narendra Sujit Varde - Director
The CIN (Corporate Identification Number) of Signet Excipients is U24299MH2019PTC319152. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Signet Excipients is at 26th Floor The Ruby North, 29 Senapati Bapat Marg Dadar West, Mumbai, Maharashtra, India – 400028.
Signet Excipients can be reached through the website signetexcipients.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Signet Excipients on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 August 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Signet Excipients is 27ABBCS3804K1ZA, registered in Maharashtra.
Signet Excipients operated in the chemicals and materials industry, in the chemical distribution and retail segment.
Signet Excipients has 3 deals on record (2 acquisitions, 1 secondary share transfer); the latest was in March 2024.
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