About Sika India Private Limited
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Sika India Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 22 June 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24119MH1984PTC435455. Its GSTIN is 27AAECS1119F1ZO (Maharashtra). The company holds 32 GST registrations, of which 16 are active.
The company has an authorised share capital of ₹431.12 Cr and a paid-up capital of ₹6.74 Cr. It was formerly known as Qualcrete India Private Limited and Sika Qualcrete Private Limited. It is led by directors including Rama Krishna Dattu Saripalli (Managing Director) and Christian Gartmann.
Its last annual general meeting (AGM) was held on 17 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,276.8 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹83.09 Cr (net margin 6.5%) and EBITDA of ₹138.97 Cr (EBITDA margin 10.9%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 15% over five years.
The company has about 459 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Sika. Court records list 121 cases involving the company, including 101 filed by the company and 20 filed against it; 42 cases are pending. The company has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹138.31 Cr; the latest was in September 2020. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 273 overdue payments to 62 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 ind.sika.com.
Company details
Name history
Sika India has undergone 2 name changes throughout its history. The company was previously known as Qualcrete India Private Limited, and Sika Qualcrete Private Limited. The current legal name is Sika India Private Limited.
| Company Name | Status |
|---|---|
| Sika India Private Limited | Current |
| Qualcrete India Private Limited | Previous |
| Sika Qualcrete Private Limited | Previous |
CIN history
Sika India has one previous CIN (Corporate Identification Number): U24119WB1984PTC037631. The current CIN is U24119MH1984PTC435455, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24119MH1984PTC435455 | Current |
| U24119WB1984PTC037631 | Previous |
Contact details
Sika India Private Limited's registered office is in Thane, Maharashtra. Its website is ind.sika.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No D 101/2 Ttc Industrial Area, Navi Mumbai, Thane, Maharashtra, India – 400706
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Sika 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
Business activity
The main business activities of Sika India are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and retail trading. 2 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Sika India Private Limited, buy the company report.
Financials of Sika India Private Limited
FY 2025 filings availableSika India Private Limited reported revenue of ₹1,276.8 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 17% growth in the latest year. EBITDA rose 4% 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 | ₹1,276.8 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹138.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹83.09 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 | 10.9% | ||||
| Net Profit Margin | 6.5% | ||||
| 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 Sika India Private Limited, buy the company report.
Board of directors of Sika India Private Limited
Sika India has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Christian Gartmann | Director | 13 Sep 2016 | 10 Years 1 Months | Current |
| Vijay Immanuel Raman | Director | 17 Oct 2025 | 1 Years 0 Months | Current |
| Rama Krishna Dattu Saripalli | Managing Director | 04 Aug 2026 | 0 Years 2 Months | Current |
Auditor
Sika India Private Limited is audited by B S R & CO LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & CO LLP | FY 2025 | 101248W |
Shareholding
The shareholding of Sika India Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sika India Private Limited, buy the company report.
Deals & funding
Sika India Private Limited has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹138.31 Cr; the latest was in September 2020.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2020 | Funding round | ₹61.32 Cr | Investors: Sika AG |
| Jun 2017 | Funding round | ₹44.99 Cr | Investors: Sika AG |
| Nov 2012 | Rights issue | ₹28.86 Cr | Investors: Sika AG, Sika Schweiz AG |
| Sep 2008 | Funding round | ₹32 Cr | Investors: Sika AG, Sika Schweiz AG |
| Mar 2006 | Secondary share transfer | Undisclosed | Buyer: Sika AG Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sika India Private Limited has 121 court cases on record: 101 filed by Sika India, 20 filed against it. 42 cases are pending and 79 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 90 | 10 | 34 |
| High courts | 28 | 9 | 8 |
| NCLT | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 121)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Prosys Buildcare Technologies Pvt. Ltd. | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Autolite Manufacturing Limited | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Pennar Industries Limited | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Kosol Energie Private Limited and Other | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (SPCS) | Filed against the company by Hariom Projects Pvt Ltd Through Anil H Sangtani | Pending |
To see the full case history of Sika 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
Sika India Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 273 overdue payments to 62 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 62)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Abhishri Packaging Pvt Ltd | |||
| D R Coats Ink and Resins Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Vardhaman Plastochem Private Limited |
To see the full MSME payment records of Sika India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Sika India has 1 subsidiary company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Axson India Private Limited | U24134PN2005PTC129364 |
To see the full group structure of Sika India Private Limited, buy the company report.
Employees & EPFO
Sika India Private Limited has a workforce of 459 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
GST
Sika India has 32 GST registrations: 16 active and 16 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECS1119F1ZO | Maharashtra | Active | 01 Jul 2017 |
| 27AAECS1119F3ZM | Maharashtra | Active | 02 Sep 2017 |
| 08AAECS1119F1ZO | Rajasthan | Active | 01 Jul 2017 |
| 18AAECS1119F1ZN | Assam | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sika India Private Limited, buy the company report.
Recent activity
Sika India Private Limited has 16 board changes on record since 2009: 3 appointments and 13 cessations. The latest: Rama Krishna Dattu Saripalli was appointed as Managing Director on 04 Aug 2026.
7 earlier events are in the company report.
News
Frequently asked questions
Sika India is an active private limited company based in Thane, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 22 June 1984 (42+ years old) and is registered under CIN U24119MH1984PTC435455.
Sika India has 3 current directors:
- Rama Krishna Dattu Saripalli - Managing Director
- Christian Gartmann - Director
- Vijay Immanuel Raman - Director
The latest financial statements of Sika India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sika India is 27AAECS1119F1ZO, registered in Maharashtra. The company has 32 GST registrations in all, of which 16 are active and 16 are cancelled or inactive. Other active GSTINs include 27AAECS1119F3ZM (Maharashtra), 08AAECS1119F1ZO (Rajasthan), 18AAECS1119F1ZN (Assam).
The CIN (Corporate Identification Number) of Sika India is U24119MH1984PTC435455. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sika India has 121 court cases on record: 101 filed by the company and 20 filed against it. 42 are pending. Most are in the district courts.
Sika India was incorporated on 22 June 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Sika India has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹138.31 Cr; the latest was in September 2020.
Rama Krishna Dattu Saripalli was appointed as Managing Director on 04 Aug 2026. Vijay Immanuel Raman was appointed as Director on 17 Oct 2025. Nilotpol Kar ceased to be Additional Director on 11 Aug 2023. Sika India has 16 board changes on record in total.
Sika India has 10 MSME Form 1 returns on record between 2019 and 2023, listing 273 overdue payments to 62 micro and small suppliers. The latest return was filed on 15 Nov 2023.
Sika India can be reached through the website ind.sika.com. Its registered office is in Thane, Maharashtra, India.
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