MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-06-0001731
Subhasri Pigments Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹232.91 Cr
▲ 53% YoY
Net profit · FY 2025
₹10.25 Cr
Net margin 4.4%
EBITDA · FY 2025
₹22.74 Cr
EBITDA margin 9.8%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.53 Cr
Issued & subscribed
Open charges
₹10 Cr
Satisfied ₹57.52 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
139
Provident fund records
About Subhasri Pigments Private Limited
Data last updated:
Subhasri Pigments Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the colorants segment of the chemicals and materials sector. It was incorporated on 14 January 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1988PTC045868. Its GSTIN is 24AABCS1337G1ZR (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.53 Cr. It is led by directors including Dhananjay Srivatsan and Geeta Srivatsan.
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 402 Tanishka Akurli Road Near Big Bazaar Kandivili(East), Mumbai, Maharashtra, India – 400101.
As per the financials filed for FY 2025, the company reported a revenue of ₹232.91 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹10.25 Cr (net margin 4.4%) and EBITDA of ₹22.74 Cr (EBITDA margin 9.8%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 15% over five years.
The company has about 139 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Subhasri Pigments. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹57.52 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it; 2 cases are pending. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹1.4 Cr; the latest was in March 2023. Its 9 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, 5 larger and 4 smaller; the largest is Ravi Dyeware Company Private Limited with revenue of ₹261.48 Cr.
Subhasri Pigments Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-06-0001731). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website subhasripigments.com.
Company details
CIN U24110MH1988PTC045868
Registration Number 045868
Incorporation Date 14 January 1988
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-06-0001731
Recognitions & Rankings of Subhasri Pigments
Contact details
Subhasri Pigments Private Limited's registered office is in Mumbai, Maharashtra. Its website is subhasripigments.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address402 Tanishka Akurli Road Near Big Bazaar Kandivili(East), Mumbai, Maharashtra, India – 400101
- IndustryChemicals and Materials, Colorants, Dyes & Pigments
To see the full contact details of Subhasri Pigments Private Limited, buy the company report.
Comprehensive company report
Subhasri Pigments 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
Subhasri Pigments operates one associated brand: Subhasri Pigments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pigment and chemical manufacturing in India. | subhasripigments.com |
Business activity
The main business activity of Subhasri Pigments is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| 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 |
To see the full business activity and turnover split of Subhasri Pigments Private Limited, buy the company report.
Financials of Subhasri Pigments Private Limited
FY 2024 filings availableSubhasri Pigments Private Limited reported revenue of ₹232.91 Cr (up 53% YoY) for FY 2025.
Revenue · FY 2025
₹232.91 Cr ▲ 53%
Net profit · FY 2025
₹10.25 Cr margin 4.4%
EBITDA · FY 2025
₹22.74 Cr margin 9.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 53%
3 years · compounded
▲ 5%
5 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 53% growth 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 | ₹22.74 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.25 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 | |||||
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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 | 9.8% | ||||
| Net Profit Margin | 4.4% | ||||
| 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 Subhasri Pigments Private Limited, buy the company report.
Board of directors of Subhasri Pigments Private Limited
Subhasri Pigments has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhananjay Srivatsan Also directs: Sriyaan Chemicals Private Limited | Director | 01 Feb 2014 | 12 Years 9 Months | Current |
| Geeta Srivatsan | Director | 30 Apr 2000 | 26 Years 6 Months | Current |
| Srivatsan Krishnaswami | Director | 14 Jan 1988 | 38 Years 9 Months | Current |
Peer comparison
Subhasri Pigments Private Limited is compared with the 9 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ravi Dyeware Company Private Limited | ₹261.48 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Dhanveen Pigments Private Limited | ₹256.84 Cr (FY 2025) | -13.0% | Panoli, Gujarat, India | |||
| Voxco Pigments and Chemicals Private Limited | ₹251.25 Cr (FY 2025) | 13.0% | Pardi, Gujarat, India | |||
| Rex-Tone Industries Limited | ₹246.85 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Colorband Dyestuff Private Limited | ₹241.33 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Subhasri Pigments Private Limitedthis company | ₹232.91 Cr (FY 2025) | ₹10.25 Cr | 4.4% | 53.0% | 139 | Mumbai, Maharashtra, India |
| Jaysynth Orgochem Limited | ₹231.47 Cr (FY 2025) | 8.0% | Mumbai, Maharashtra, India | |||
| Riverside Industries Private Limited | ₹230.29 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Loxim Industries Limited | ₹227.28 Cr (FY 2025) | 26.0% | Ahmedabad, Gujarat, India | |||
| The Tata Pigments Limited | ₹220.34 Cr (FY 2025) | -6.0% | Jamshedpur, Jharkhand, India |
To see the full peer comparison of Subhasri Pigments Private Limited, buy the company report.
Auditor
Subhasri Pigments Private Limited is audited by VASAN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VASAN & CO | FY 2023 | 004538S |
Shareholding
The shareholding of Subhasri Pigments 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 Subhasri Pigments Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Cr
Satisfied charges
₹57.52 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2025 | 101209022 | Others | ₹10 Cr | Open | |
| 02 Aug 2004 | 90214979 | Bank of Baroda | ₹8 Lakh | Satisfied | |
| 23 Dec 2002 | 90213908 | Bank of Baroda | ₹11.28 Cr | Satisfied | |
| 23 Dec 2002 | 90242393 | Bank of Baroda | ₹27.97 Cr | Satisfied | |
| 16 Dec 2002 | 90214913 | Bank of Baroda | ₹15.4 Cr | Satisfied |
To see the full charge records of Subhasri Pigments Private Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Subhasri Pigments Private Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹1.4 Cr; the latest was in March 2023.
Total deals
6
Funding rounds
3
Secondary share transfers
3
Disclosed funding
₹1.4 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Mar 2013 | Funding round | ₹75 Lakh | Investors: Krishnaswami Srivatsan Huf, 3 individuals |
| Apr 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2011 | Funding round | ₹45 Lakh | Investors: 2 individuals |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
To see the full deal history of Subhasri Pigments 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
Subhasri Pigments Private Limited has 5 court cases on record: 1 filed by Subhasri Pigments, 4 filed against it. 2 cases are pending and 3 are disposed.
Total cases
5
Filed by the company
1
Filed against the company
4
Pending
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 2 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Motor accident claim | Filed against the company by an individual | Pending |
| District court, RAJKOT, Gujarat | Motor accident claim | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 2 others | Disposed |
| Bombay High Court | Company petition | Filed against the company by an individual | Disposed |
To see the full case history of Subhasri Pigments 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
Subhasri Pigments Private Limited was last rated by Icra on 22 Jun 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 22 Jun 2017 |
To see the full credit ratings and regulatory alerts of Subhasri Pigments Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Subhasri Pigments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Subhasri Pigments has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Sriyaan Chemicals Private Limited | U24290GJ2020PTC116457 |
To see the full group structure of Subhasri Pigments Private Limited, buy the company report.
Employees & EPFO
Subhasri Pigments Private Limited has a workforce of 139 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
139
Active EPFO establishments
1
Employee growth
-10.32%
GST
Subhasri Pigments has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCS1337G1ZR | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Subhasri Pigments Private Limited, buy the company report.
Recent activity
Subhasri Pigments Private Limited has 4 board changes on record since 1988: 3 appointments and 1 cessation. The latest: Anand Raghunath Chary ceased to be Manager on 06 Feb 2020.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101209022 was registered on 29 Nov 2025.
AGM
Subhasri Pigments Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Subhasri Pigments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Anand Raghunath Chary ceased to be Manager.
Charges
A charge registered on 23 Dec 2002 via Charge ID 90242393 with Bank Of Baroda was fully satisfied on 11 Jan 2017.
Charges
A charge registered on 16 Dec 2002 via Charge ID 90214913 with Bank Of Baroda was fully satisfied on 11 Jan 2017.
Charges
A charge with Bank Of Baroda of Rs. 27.97 Cr registered on 23 Dec 2002 with Charge ID 90242393 was modified on 04 Jul 2014.
Appointed
Dhananjay Srivatsan was appointed as Director.
Charges
A charge with Bank Of Baroda of Rs. 15.40 Cr registered on 16 Dec 2002 with Charge ID 90214913 was modified on 17 Apr 2012.
Charges
A charge registered on 02 Aug 2004 via Charge ID 90214979 with Bank Of Baroda was fully satisfied on 23 Feb 2011.
Charges
A charge registered on 23 Dec 2002 via Charge ID 90213908 with Bank Of Baroda was fully satisfied on 23 Feb 2011.
Charges
A charge registered on 24 Dec 1993 via Charge ID 90214498 with Bank Of Baroda was fully satisfied on 23 Feb 2011.
27 earlier events are in the company report.
Frequently asked questions
Subhasri Pigments is an active private limited company based in Mumbai, Maharashtra, India. The company works in colorants, within the chemicals and materials industry. It was incorporated on 14 January 1988 (38+ years old) and is registered under CIN U24110MH1988PTC045868.
Subhasri Pigments has 3 current directors:
- Dhananjay Srivatsan - Director
- Geeta Srivatsan - Director
- Srivatsan Krishnaswami - Director
The latest financial statements of Subhasri Pigments 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 Subhasri Pigments is 24AABCS1337G1ZR, registered in Gujarat. 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 Subhasri Pigments is U24110MH1988PTC045868. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Subhasri Pigments has 5 court cases on record: 1 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Subhasri Pigments was incorporated on 14 January 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Subhasri Pigments has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹1.4 Cr; the latest was in March 2023.
The peers of Subhasri Pigments by revenue are Ravi Dyeware Company Private Limited, Dhanveen Pigments Private Limited, Voxco Pigments and Chemicals Private Limited, Rex-Tone Industries Limited, Colorband Dyestuff Private Limited and 4 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).
Anand Raghunath Chary ceased to be Manager on 06 Feb 2020. Dhananjay Srivatsan was appointed as Director on 01 Feb 2014. Geeta Srivatsan was appointed as Director on 30 Apr 2000. Subhasri Pigments has 4 board changes on record in total.
Yes, Subhasri Pigments is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-06-0001731).
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