About SRC Chemicals Private Limited
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SRC Chemicals Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 21 August 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U14107PN2002PTC017227. Its GSTIN is 27AAHCS4272J1Z0 (Maharashtra). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.41 Cr. It is led by directors including Suresh Kumar Lakhotia (Managing Director) and Meena Sureshkumar Lakhotia (Whole-Time Director).
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 3 – A & B Archies Court Shankar Seth Road, Pune, Maharashtra, India – 411037.
As per the financials filed for FY 2025, the company reported a revenue of ₹334.86 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹5.59 Cr (net margin 1.7%) and EBITDA of ₹9.98 Cr (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
The company has about 56 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹20.23 Cr and satisfied charges of ₹48.16 Cr on record. Court records list 40 cases involving the company, including 22 filed by the company and 18 filed against it; 4 cases are pending. The company has 13 deals on record (8 secondary share transfers, 5 funding rounds), with disclosed funding of ₹6.82 Cr; the latest was in March 2024. The company has 2 MSME Form 1 returns on record between 2019 and 2020, listing 7 overdue payments to 3 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 shreeram.net.
Company details
Contact details
SRC Chemicals Private Limited's registered office is in Pune, Maharashtra. Its website is shreeram.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3 – A & B Archies Court Shankar Seth Road, Pune, Maharashtra, India – 411037
- IndustryMetals and Minerals, Other Metals & Minerals
To see the full contact details of SRC 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 SRC Chemicals is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of SRC Chemicals Private Limited, buy the company report.
Financials of SRC Chemicals Private Limited
FY 2024 filings availableSRC Chemicals Private Limited reported revenue of ₹334.86 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 3% growth in the latest year. EBITDA rose 146% 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 | ₹9.98 Cr | ||||
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| Net Profit (PAT) | ₹5.59 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 3% | ||||
| Net Profit Margin | 1.7% | ||||
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To see the full financial statements and ratios of SRC Chemicals Private Limited, buy the company report.
Board of directors of SRC Chemicals Private Limited
SRC Chemicals has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meena Sureshkumar Lakhotia Also directs: Vermillion Garden LLP, Shree Ram Lime Products Private Limited, Alchemists Ferro Private Limited and 1 more | Whole-Time Director | 21 Aug 2002 | 24 Years 2 Months | Current |
| Sunil Lakhotia Also directs: Alchemist Steel LLP, Gunmala Vinimay Pvt Ltd | Whole-Time Director | 21 Aug 2002 | 24 Years 2 Months | Current |
| Suresh Kumar Lakhotia Also directs: Alchemist Steel LLP, Vermillion Garden LLP, Shree Ram Lime Products Private Limited and 4 more | Managing Director | 21 Aug 2002 | 24 Years 2 Months | Current |
Auditor
SRC Chemicals Private Limited is audited by P G BHAGWAT LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P G BHAGWAT LLP | FY 2023 | 101118W/W100682 |
Shareholding
The shareholding of SRC 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 SRC Chemicals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Nov 2023 | 100856426 | Hdfc Bank Limited | ₹23 Lakh | Open | |
| 04 Feb 2015 | 10547766 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 02 Feb 2015 | 10549110 | Hdfc Bank Limited | ₹28.35 Cr | Satisfied | |
| 28 Feb 2007 | 10050632 | State Bank of India Commercial Branch | ₹19.35 Cr | Satisfied | |
| 09 May 2003 | 90088611 | State Bank of India | ₹46 Lakh | Satisfied |
To see the full charge records of SRC Chemicals Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
SRC Chemicals Private Limited has 13 deals on record (8 secondary share transfers, 5 funding rounds), with disclosed funding of ₹6.82 Cr; the latest was in March 2024.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2014 | Funding round | ₹2.73 Cr | Investors: S K Lakhotia Huf, Ritona Vinimay Pvt Ltd , 2 individuals |
| Mar 2012 | Funding round | ₹14.2 Lakh | Investors: Rasalika Trading and Investment Company Private Limited , 3 individuals |
| Mar 2010 | Funding round | ₹2 Cr | Investors: Ritona Vinimay Pvt Ltd , Rasalika Trading and Investment Company Private Limited |
| Feb 2008 | Funding round | ₹1.7 Cr | Investors: Sridhar Corporate Management Pvt Ltd , Ritona Vinimay Pvt Ltd , 2 individuals |
| Mar 2007 | Funding round | ₹24.5 Lakh | Investors: Darpan Barter Private Limited, Alka Lefin Pvt Ltd , Sakambari Impex Pvt Ltd , an individual |
To see the full deal history of SRC Chemicals Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SRC Chemicals Private Limited has 40 court cases on record: 22 filed by SRC Chemicals, 18 filed against it. 4 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 18 | 3 |
| NCLT | 3 | 0 | 1 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company against MCL Global Steel Pvt Ltd | Pending |
| High Court of Delhi | Court case (CM(M)) | Filed by the company against Rathi Steel and Power Ltd & Anr. | Disposed |
| District court, KOPPAL, Karnataka | Court case (COM.O.S) | Filed by the company against M/S Rayen Steels Pvt., Ltd., Sy.No.1115D, 1115E, Haraginadoni Road, Veni Veerapur Cross, Bellary | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Pradhan Industries Ltd and Other 2 and 2 others | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against M/S Isinox Limited | Disposed |
To see the full case history of SRC 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.
Credit ratings & regulatory alerts
SRC Chemicals Private Limited was last rated by Icra on 15 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 Oct 2020 |
To see the full credit ratings and regulatory alerts of SRC Chemicals Private Limited, buy the company report.
MSME payment delays
SRC Chemicals Private Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 7 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Team Ferro Alloys Private Limited | |||
| Shree Ram Lime Products Private Limited | |||
| Suprabha Protective Products Pvt Ltd |
To see the full MSME payment records of SRC Chemicals Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
SRC Chemicals has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| G S Solvent Private Limited | U51109PN1999PTC208707 |
To see the full group structure of SRC Chemicals Private Limited, buy the company report.
Employees & EPFO
SRC Chemicals Private Limited has a workforce of 56 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
SRC Chemicals has 7 GST registrations: 4 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCS4272J1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 29AAHCS4272J1ZW | Karnataka | Active | 01 Jul 2017 |
| 37AAHCS4272J1ZZ | Andhra Pradesh | Active | 01 Jul 2017 |
| 27AAHCS4272J1D9 | Maharashtra | Active | 17 Mar 2025 |
To see the full GST registrations and return filing status of SRC Chemicals Private Limited, buy the company report.
Recent activity
SRC Chemicals Private Limited has 6 board changes on record since 2002: 3 appointments and 3 cessations. The latest: Meena Sureshkumar Lakhotia ceased to be Director on 15 Jan 2015.
7 earlier events are in the company report.
Frequently asked questions
SRC Chemicals is an active private limited company based in Pune, Maharashtra, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 21 August 2002 (24+ years old) and is registered under CIN U14107PN2002PTC017227.
SRC Chemicals has 3 current directors:
- Suresh Kumar Lakhotia - Managing Director
- Meena Sureshkumar Lakhotia - Whole-Time Director
- Sunil Lakhotia - Whole-Time Director
The latest financial statements of SRC 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 SRC Chemicals is 27AAHCS4272J1Z0, registered in Maharashtra. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 29AAHCS4272J1ZW (Karnataka), 37AAHCS4272J1ZZ (Andhra Pradesh), 27AAHCS4272J1D9 (Maharashtra).
The CIN (Corporate Identification Number) of SRC Chemicals is U14107PN2002PTC017227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SRC Chemicals has 40 court cases on record: 22 filed by the company and 18 filed against it. 4 are pending. Most are in the district courts.
SRC Chemicals was incorporated on 21 August 2002, making it 24+ years old. It is registered with the Registrar of Companies, Pune.
SRC Chemicals has 13 deals on record (8 secondary share transfers, 5 funding rounds), with disclosed funding of ₹6.82 Cr; the latest was in March 2024.
Meena Sureshkumar Lakhotia ceased to be Director on 15 Jan 2015. Sunil Lakhotia ceased to be Director on 30 Sep 2014. Suresh Kumar Lakhotia ceased to be Director on 30 Sep 2014. SRC Chemicals has 6 board changes on record in total.
SRC Chemicals has 2 MSME Form 1 returns on record between 2019 and 2020, listing 7 overdue payments to 3 micro and small suppliers. The latest return was filed on 23 Dec 2020.
SRC Chemicals can be reached through the website shreeram.net. Its registered office is in Pune, Maharashtra, India.
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