About Sovika Chemicals Private Limited
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Sovika Chemicals Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 12 September 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH1980PTC023118. Its GSTIN is 27AAACS5390N1ZU (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Sohan Chotalal Mehta (Managing Director) and Sahil Sohan Mehta.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at B 2 Parekh Mahal 80 – Veer Nariman Road, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2025, the company reported a revenue of ₹60.17 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹3.06 Cr (net margin -5.1%) and EBITDA of -₹1.4 Cr (EBITDA margin -2.3%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 23% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹88.82 Cr and satisfied charges of ₹9.91 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company. The company has 3 deals on record (3 secondary share transfers); the latest was in June 2015. Its 6 peer companies in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 3 larger and 3 smaller; the largest is Pangea Chemicals Private Limited with revenue of ₹60.96 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sovikagroup.com.
Company details
Contact details
Sovika Chemicals Private Limited's registered office is in Mumbai, Maharashtra. Its website is sovikagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB 2 Parekh Mahal 80 – Veer Nariman Road, Mumbai, Maharashtra, India – 400020
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Sovika Chemicals 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 activity of Sovika Chemicals 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 Sovika Chemicals Private Limited, buy the company report.
Financials of Sovika Chemicals Private Limited
FY 2024 filings availableSovika Chemicals Private Limited reported revenue of ₹60.17 Cr (down 62% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 62% fall in the latest year. EBITDA fell 108% 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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| EBITDA | -₹1.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.06 Cr | ||||
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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 | -2.3% | ||||
| Net Profit Margin | -5.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Sovika Chemicals Private Limited, buy the company report.
Board of directors of Sovika Chemicals Private Limited
Sovika Chemicals has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sohan Chotalal Mehta Also directs: Sovika Airline Services Limited, Sahil Real Estate Private Limited, Aircrew Technical Services LLP and 3 more | Managing Director | 12 Sep 1980 | 46 Years 1 Months | Current |
| Sahil Sohan Mehta Also directs: Sovika Airline Services Limited, Sahil Real Estate Private Limited, Ip Avenue Facility Management LLP and 5 more | Director | 20 Apr 1994 | 32 Years 6 Months | Current |
| Shirish Khushalchand Desai Also directs: Golden Aviation Services LLP, Technova Remedies (India) Private Limited, Sovika Airline Services Limited and 1 more | Director | 23 Oct 1984 | 42 Years 0 Months | Current |
| Kunal Shirish Desai Also directs: Technova Remedies (India) Private Limited, Myta Enterprises LLP | Director | 12 May 2014 | 12 Years 5 Months | Current |
Peer comparison
Sovika Chemicals Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Pangea Chemicals Private Limited | ₹60.96 Cr (FY 2025) | -3.0% | Ahmedabad, Gujarat, India | |||
| Nasa Marketing Solutions Private Limited | ₹60.74 Cr (FY 2025) | 4.0% | Delhi, India | |||
| Polyplast Private Limited | ₹60.62 Cr (FY 2025) | 34.0% | Haryana, India | |||
| Sovika Chemicals Private Limitedthis company | ₹60.17 Cr (FY 2025) | -₹3.06 Cr | -5.1% | -62.0% | Mumbai, Maharashtra, India | |
| Indian Cash and Carry Private Limited | ₹60.12 Cr (FY 2025) | 8.0% | R.C.Puram, Telangana, India | |||
| Nova Interchem Private Limited | ₹60.05 Cr (FY 2025) | 16.0% | Ahmedabad, Gujarat, India | |||
| Spectra Chemicals Private Limited | ₹59.87 Cr (FY 2025) | 123.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Sovika Chemicals Private Limited, buy the company report.
Auditor
Sovika Chemicals Private Limited is audited by P C Ghadiali And Co Llp for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P C Ghadiali And Co Llp | FY 2023 | 103132W/W - 100037 |
Shareholding
The shareholding of Sovika Chemicals 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 Sovika Chemicals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Oct 2020 | 100380812 | Others | ₹1.4 Cr | Open | |
| 10 Sep 2020 | 100380817 | Others | ₹40.47 Lakh | Open | |
| 24 Jul 2020 | 100355626 | Others | ₹70 Lakh | Open | |
| 29 Mar 2019 | 100256497 | Others | ₹69 Cr | Open | |
| 23 Oct 2012 | 10387651 | Union Bank of India | ₹46 Lakh | Open |
To see the full charge records of Sovika Chemicals Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Sovika Chemicals Private Limited has 3 deals on record (3 secondary share transfers); the latest was in June 2015.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Kunal International |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sovika Chemicals Private Limited has 4 court cases on record: 4 filed by Sovika Chemicals. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Ms.M.R.Jadhav Sons | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against individuals | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against De-Chem Industries and Ors | Disposed |
| Bombay High Court | Court case (SS) | Filed by the company against De-Chem Industries and Ors. | Disposed |
To see the full case history of Sovika Chemicals 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 Sovika Chemicals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sovika Chemicals has 1 subsidiary company and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Bangalore Airport Terminal Services Private Limited | U63013KA2006PTC039632 |
To see the full group structure of Sovika Chemicals Private Limited, buy the company report.
GST
Sovika Chemicals has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS5390N1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sovika Chemicals Private Limited, buy the company report.
Recent activity
Sovika Chemicals Private Limited has 9 board changes on record since 1980: 4 appointments and 5 cessations. The latest: Keyur Dipakkumar Shah ceased to be Additional Director on 17 Sep 2023.
19 earlier events are in the company report.
Frequently asked questions
Sovika Chemicals is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 12 September 1980 (46+ years old) and is registered under CIN U24100MH1980PTC023118.
Sovika Chemicals has 4 current directors:
- Sohan Chotalal Mehta - Managing Director
- Sahil Sohan Mehta - Director
- Shirish Khushalchand Desai - Director
- Kunal Shirish Desai - Director
The latest financial statements of Sovika Chemicals on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sovika Chemicals is 27AAACS5390N1ZU, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Sovika Chemicals is U24100MH1980PTC023118. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sovika Chemicals has 4 court cases on record: 4 filed by the company. Most are in the district courts.
Sovika Chemicals was incorporated on 12 September 1980, making it 46+ years old. It is registered with the Registrar of Companies, Mumbai.
Sovika Chemicals has 3 deals on record (3 secondary share transfers); the latest was in June 2015.
The peers of Sovika Chemicals by revenue are Pangea Chemicals Private Limited, Nasa Marketing Solutions Private Limited, Polyplast Private Limited, Indian Cash and Carry Private Limited, Nova Interchem Private Limited and 1 more, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading).
Keyur Dipakkumar Shah ceased to be Additional Director on 17 Sep 2023. Rushabh Keyurbhai Shah ceased to be Additional Director on 14 Jul 2023. Dhiren Dhoot ceased to be Director on 05 Mar 2019. Sovika Chemicals has 9 board changes on record in total.
Sovika Chemicals can be reached through the website sovikagroup.com. Its registered office is in Mumbai, Maharashtra, India.
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