MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-CG-05-0000984
Tethys Chem Private Limited - chemicals and materials in Bhilai, Chhattisgarh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹230.14 Cr
▼ 6% YoY
Net profit · FY 2025
₹5.34 Cr
Net margin 2.3%
EBITDA · FY 2025
₹9.9 Cr
EBITDA margin 4.3%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹40 Cr
Satisfied ₹30.73 Cr
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
About Tethys Chem Private Limited
Data last updated:
Tethys Chem Private Limited is a private limited company based in Bhilai, Chhattisgarh, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 13 December 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U24119CT2018PTC008950. Its GSTIN is 22AAHCT0710E1Z1 (Chattisgarh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors Dhrmendra Mandal (Whole-Time Director) and Govind Kumar Mandal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No.17/N Heavy Industrial Area Hathkhoj Bhilai, Chhattisgarh, India – 490026.
As per the financials filed for FY 2025, the company reported a revenue of ₹230.14 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹5.34 Cr (net margin 2.3%) and EBITDA of ₹9.9 Cr (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 93% over five years.
The company is associated with 1 brand: Tethyschem Private Limited. As per MCA filings, the company has open charges of ₹40 Cr and satisfied charges of ₹30.73 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 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in February 2022.
Tethys Chem Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-CG-05-0000984). For more details, the company can be reached via its website tethyschem.com.
Company details
CIN U24119CT2018PTC008950
Registration Number 008950
Incorporation Date 13 December 2018
ROC Chhattisgarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Medium
Udyam Registration UDYAM-CG-05-0000984
Recognitions & Rankings of Tethys Chem
Contact details
Tethys Chem Private Limited's registered office is in Bhilai, Chhattisgarh. Its website is tethyschem.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.17/N Heavy Industrial Area Hathkhoj Bhilai, Chhattisgarh, India – 490026
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Tethys Chem Private Limited, buy the company report.
Comprehensive company report
Tethys Chem 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
Tethys Chem operates one associated brand: Tethyschem Private Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Coal tar refining and manufacturing of carbon materials and chemicals in India. | tethyschem.com |
Business activity
The main business activity of Tethys Chem 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 Tethys Chem Private Limited, buy the company report.
Financials of Tethys Chem Private Limited
FY 2025 filings availableTethys Chem Private Limited reported revenue of ₹230.14 Cr (down 6% YoY) for FY 2025.
Revenue · FY 2025
₹230.14 Cr ▼ 6%
Net profit · FY 2025
₹5.34 Cr margin 2.3%
EBITDA · FY 2025
₹9.9 Cr margin 4.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 54%
5 years · compounded
▲ 93%
EBITDA CAGR growth
1 year
▲ 68%
3 years · compounded
▲ 87%
5 years · compounded
▲ 98%
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 93%. EBITDA rose 68% 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 | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹9.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.34 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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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 | 4.3% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Tethys Chem Private Limited, buy the company report.
Board of directors of Tethys Chem Private Limited
Tethys Chem has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Govind Kumar Mandal Also directs: Bhilai Carbons Private Limited, Bharat Neotronics Private Limited | Director | 13 Dec 2018 | 7 Years 10 Months | Current |
| Dhrmendra Mandal | Whole-Time Director | 12 Aug 2021 | 5 Years 2 Months | Current |
Auditor
Tethys Chem Private Limited is audited by TAB & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TAB & ASSOCIATES | FY 2023 | 019219C |
Shareholding
The shareholding of Tethys Chem 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 Tethys Chem Private Limited, buy the company report.
Charges & borrowings
Open charges
₹40 Cr
Satisfied charges
₹30.73 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jan 2024 | 100857426 | Others | ₹40 Cr | Open | |
| 22 Aug 2022 | 100611648 | Hdfc Bank Limited | ₹22 Cr | Satisfied | |
| 15 Dec 2021 | 100534822 | Indian Bank | ₹67.29 Lakh | Satisfied | |
| 06 Jun 2020 | 100343937 | Others | ₹23.64 Lakh | Satisfied | |
| 18 May 2020 | 100343905 | Others | ₹50 Lakh | Satisfied |
To see the full charge records of Tethys Chem Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Tethys Chem Private Limited has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in February 2022.
Total deals
3
Rights issues
2
Secondary share transfer
1
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Rights issue | ₹50 Lakh | Investors: 2 individuals |
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Oct 2019 | Rights issue | ₹99 Lakh | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tethys Chem Private Limited has 5 court cases on record: 1 filed by Tethys Chem, 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 | 4 | 4 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tirunelveli, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Pending |
| High Court of Chhattisgarh | Writ petition | Filed by the company against State of Chhattisgarh | Pending |
| District court, Durg, Chhattisgarh | Execution petition | Filed against the company | Disposed |
| District court, Tirunelveli, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, Durg, Chhattisgarh | Motor accident claim | Filed against the company by individuals | Disposed |
To see the full case history of Tethys Chem 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 Tethys Chem Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Tethys Chem Private Limited has 1 active EPFO establishment as of Dec 14, 2024.
Active EPFO establishments
1
GST
Tethys Chem has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AAHCT0710E1Z1 | Chattisgarh | Active | 28 Dec 2018 |
| 092100000332AR8 | Uttar Pradesh | Active | 17 Mar 2021 |
To see the full GST registrations and return filing status of Tethys Chem Private Limited, buy the company report.
Recent activity
Tethys Chem Private Limited has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: Dhrmendra Mandal ceased to be Additional Director on 11 Mar 2022.
Charges
A charge registered on 17 Feb 2020 via Charge ID 100329155 with Others was fully satisfied on 18 Nov 2025.
AGM
Tethys Chem Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Tethys Chem Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chhattisgarh.
Charges
A charge with Others of Rs. 40.00 Cr registered on 09 Jan 2024 with Charge ID 100857426 was modified on 19 Oct 2024.
Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 100857426 was registered on 09 Jan 2024.
Charges
A charge registered on 22 Aug 2022 via Charge ID 100611648 with Hdfc Bank Limited was fully satisfied on 22 Dec 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 22.00 Cr registered on 22 Aug 2022 with Charge ID 100611648 was modified on 29 Jun 2023.
Charges
A charge registered on 15 Dec 2021 via Charge ID 100534822 with Indian Bank was fully satisfied on 07 Sep 2022.
Charges
A charge registered on 06 Jun 2020 via Charge ID 100343937 with Others was fully satisfied on 07 Sep 2022.
Charges
A charge registered on 21 Sep 2019 via Charge ID 100292160 with Indian Bank was fully satisfied on 07 Sep 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 22.00 Cr with Charge ID 100611648 was registered on 22 Aug 2022.
Charges
A charge registered on 18 May 2020 via Charge ID 100343905 with Others was fully satisfied on 19 May 2022.
12 earlier events are in the company report.
Frequently asked questions
Tethys Chem is an active private limited company based in Bhilai, Chhattisgarh, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 13 December 2018 (8+ years old) and is registered under CIN U24119CT2018PTC008950.
Tethys Chem has 2 current directors:
- Dhrmendra Mandal - Whole-Time Director
- Govind Kumar Mandal - Director
The latest financial statements of Tethys Chem on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Tethys Chem is 22AAHCT0710E1Z1, registered in Chattisgarh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 092100000332AR8 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Tethys Chem is U24119CT2018PTC008950. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tethys Chem 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.
Tethys Chem was incorporated on 13 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chhattisgarh.
Tethys Chem has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in February 2022.
Dhrmendra Mandal ceased to be Additional Director on 11 Mar 2022. Dhrmendra Mandal was appointed as Whole-Time Director on 12 Aug 2021. Om Agrawal ceased to be Director on 12 Aug 2021. Tethys Chem has 5 board changes on record in total.
Yes, Tethys Chem is registered as a medium enterprise under Udyam registration (number: UDYAM-CG-05-0000984).
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