About Universal Esters Limited
Data last updated:
Universal Esters Limited is a public limited company based in Barroda, Gujarat, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 27 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24110GJ1994PLC023128. Its GSTIN is 24AAACU2495C1ZL (Gujarat).
The company has an authorised share capital of ₹8.25 Cr and a paid-up capital of ₹6.29 Cr. It was formerly known as Universal Esters Private Limited and Universal Easters Ltd. It is led by directors including Nikhil Patel Mukesh (Whole-Time Director) and Grishma Nikhil Patel (Whole-Time Director).
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 Plotno.1088(B) Lamdapura Road Village Manjusar Tal.Savli, Barroda, Gujarat, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.5 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹6.7 Cr (net margin -70.5%) and EBITDA of -₹3.44 Cr (EBITDA margin -36.2%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 18% over five years.
The company has about 62 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Universal Esters. As per MCA filings, the company has open charges of ₹6.04 Cr and satisfied charges of ₹5.47 Cr on record. Court records list 9 cases involving the company, including 1 filed by the company and 8 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website universalesters.com.
Name History of Universal Esters Limited
Universal Esters has undergone 2 name changes throughout its history. The company was previously known as Universal Esters Private Limited, and Universal Easters Ltd. The current legal name is Universal Esters Limited.
| Company Name | Status |
|---|---|
| Universal Esters Limited | Current |
| Universal Esters Private Limited | Previous |
| Universal Easters Ltd | Previous |
CIN History of Universal Esters Limited
Universal Esters has one previous CIN (Corporate Identification Number): U24110GJ1994PTC023128. The current CIN is U24110GJ1994PLC023128, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24110GJ1994PLC023128 | Current |
| U24110GJ1994PTC023128 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlotno.1088(B) Lamdapura Road Village Manjusar Tal.Savli, Barroda, Gujarat, India
- IndustryChemicals and Materials, Specialty Chemicals
- 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
- One PDF report, delivered after checkout
Associated Brands with Universal Esters Limited
Universal Esters operates one associated brand: Universal Esters. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies suncare and skincare ingredients for cosmetics, perfumery, and dermatology. | universalesters.com |
Business Activity of Universal Esters Limited
The main business activity of Universal Esters is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Universal Esters Limited FY 2025 filings available
Universal Esters Limited reported revenue of ₹9.5 Cr (down 54% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Universal Esters Limited
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 54% fall in the latest year. EBITDA fell 34% 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 of Universal Esters Limited
| 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 | -₹3.44 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹6.7 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 of Universal Esters Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -36.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -70.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Universal Esters are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Universal Esters Limited
Universal Esters has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Patel Mukesh Also directs: Grinik Prime Beverages Private Limited | Whole-Time Director | 26 Feb 2015 | 11 Years 7 Months | Current |
| Grishma Nikhil Patel Also directs: Grinik Prime Beverages Private Limited | Whole-Time Director | 21 Nov 2022 | 3 Years 10 Months | Current |
| Niraj Patel Mukesh Also directs: Nueva Chemie LLP, Savana Landscape LLP | Director | 14 Aug 2015 | 11 Years 2 Months | Current |
Peer Comparison of Universal Esters Limited
Universal Esters Limited is compared with the companies closest to it by revenue in the Chemicals industry (Specialty Chemicals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sedan Speciality Chem Private Limited | ₹9.61 Cr (FY 2024) | •••• | •••• | -44.0% | •••• | Thane, Maharashtra, India |
| Polytek Synergy Limited | ₹9.6 Cr (FY 2025) | •••• | •••• | 1088.0% | •••• | Delhi, India |
| Goyal Pulveriser & Chemicals Private Limited | ₹9.56 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Nagpur, Maharashtra, India |
| Samarthman Agro Chem Limited | ₹9.55 Cr (FY 2025) | •••• | •••• | 73.0% | •••• | Uttar Pradesh, India |
| Seasons Agro Chem India Private Limited | ₹9.51 Cr (FY 2019) | •••• | •••• | -70.0% | •••• | Bhilwara, Rajasthan, India |
| Universal Esters Limited this company | ₹9.5 Cr (FY 2025) | •••• | •••• | -54.0% | •••• | Barroda, Gujarat, India |
| Paanitech India Private Limited | ₹9.5 Cr (FY 2024) | •••• | •••• | 56.0% | •••• | Delhi, India |
| Yunsion Industrial Materials Private Limited | ₹9.48 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | New Delhi, Delhi, India |
| Suryam Minechem Private Limited | ₹9.46 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Ahmedabad, Gujarat, India |
| York Chem Industries Private Limited | ₹9.45 Cr (FY 2025) | •••• | •••• | 205.0% | •••• | Kalol, Gujarat, India |
| Eurotek Foundry Products India Private Limited | ₹9.44 Cr (FY 2025) | •••• | •••• | •••• | Khed, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Universal Esters by revenue in the Chemicals industry (Specialty Chemicals), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Universal Esters Limited
Universal Esters Limited is audited by CNK & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CNK & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Universal Esters Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Universal Esters Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Aug 2020 | The Kalupur Commercial Co-Operative Bank Limited | ₹3.77 Cr | Open |
| 29 Jun 2020 | The Kalupur Commercial Co-Operative Bank Limited | ₹77 Lakh | Open |
| 19 Jun 2020 | The Kalupur Commercial Co-Operative Bank Limited | ₹1.5 Cr | Open |
| 05 Feb 1999 | Bank of Baroda | ₹2.49 Cr | Satisfied |
| 24 Jun 1997 | Bank of Baroda | ₹2.49 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Universal Esters Limited
Universal Esters Limited has 9 court cases on record: 1 filed by Universal Esters, 8 filed against it. 4 cases are pending and 5 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 8 | 4 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed by the company against Vinner Labs Private Limited | Pending |
| District court, Ghaziabad, Uttar Pradesh | Criminal case | Filed against the company by Hindon India Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by Meru Chem Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Bajaj Finance Limited | Disposed |
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed against the company by Government Labour Officer S.S.Pagar | Pending |
Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Universal Esters Limited
Universal Esters Limited has 6 MSME Form 1 returns on record between 2018 and 2024, listing 167 overdue payments to 33 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 33)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Sunder Shakti Gas & Hardware | •••• | •••• | •••• |
| Galaxy Surfactants Ltd | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Universal Receptacle Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 6 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Universal Esters Limited
Universal Esters Limited has a workforce of 62 employees as of Apr 03, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Universal Esters Limited
Universal Esters Limited has 11 board changes on record since 2009: 3 appointments and 8 cessations. The latest: Grishma Nikhil Patel ceased to be Additional Director on 15 Sep 2023.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Universal Esters Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Universal Esters Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Universal Esters Limited
Universal Esters has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACU2495C1ZL | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Universal Esters Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Universal Esters Limited
Universal Esters is an active public limited company based in Barroda, Gujarat, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 27 September 1994 (32+ years old) and is registered under CIN U24110GJ1994PLC023128.
Universal Esters reported revenue of ₹9.5 Cr for FY 2025 (down 54% YoY).
Universal Esters has 3 current directors:
- Nikhil Patel Mukesh - Whole-Time Director
- Grishma Nikhil Patel - Whole-Time Director
- Niraj Patel Mukesh - Director
Universal Esters reported a net loss of ₹6.7 Cr (net margin -70.5%) and EBITDA of -₹3.44 Cr (EBITDA margin -36.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Universal Esters is -38% over three years and -18% over five years. In the latest year (FY 2025) revenue fell 54%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Universal Esters is 24AAACU2495C1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Universal Esters is U24110GJ1994PLC023128. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Universal Esters has 9 court cases on record: 1 filed by the company and 8 filed against it. 4 are pending.
Universal Esters was incorporated on 27 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Universal Esters by revenue are Sedan Speciality Chem Private Limited, Polytek Synergy Limited, Goyal Pulveriser & Chemicals Private Limited, Samarthman Agro Chem Limited, Seasons Agro Chem India Private Limited and 5 more, all in the Chemicals industry (Specialty Chemicals).
Grishma Nikhil Patel ceased to be Additional Director on 15 Sep 2023. Grishma Nikhil Patel was appointed as Whole-Time Director on 21 Nov 2022. Mukesh Dahyabhai Patel ceased to be Director on 18 Mar 2020. Universal Esters has 11 board changes on record in total.
Universal Esters has 6 MSME Form 1 returns on record between 2018 and 2024, listing 167 overdue payments to 33 micro and small suppliers. The latest return was filed on 15 May 2024.