About Universal Esters Limited
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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 11 cases involving the company, including 1 filed by the company and 10 filed against it; 5 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.
Company details
Name history
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
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 |
Contact details
Universal Esters Limited's registered office is in Barroda, Gujarat. Its website is universalesters.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlotno.1088(B) Lamdapura Road Village Manjusar Tal.Savli, Barroda, Gujarat, India
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Universal Esters 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
Brands
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
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 | 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 Universal Esters Limited, buy the company report.
Financials of Universal Esters Limited
FY 2025 filings availableUniversal Esters Limited reported revenue of ₹9.5 Cr (down 54% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹3.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.7 Cr | ||||
| Balance Sheet | |||||
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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 | -36.2% | ||||
| Net Profit Margin | -70.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Universal Esters Limited, buy the company report.
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 8 Months | Current |
| Grishma Nikhil Patel Also directs: Grinik Prime Beverages Private Limited | Whole-Time Director | 21 Nov 2022 | 3 Years 11 Months | Current |
| Niraj Patel Mukesh Also directs: Nueva Chemie LLP, Savana Landscape LLP | Director | 14 Aug 2015 | 11 Years 2 Months | Current |
Peer comparison
Universal Esters Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), 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 |
|---|---|---|---|---|---|---|
| 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 | |||
| 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 Limitedthis company | ₹9.5 Cr (FY 2025) | -₹6.7 Cr | -70.5% | -54.0% | 62 | Barroda, Gujarat, India |
| Paanitech India Private Limited | ₹9.5 Cr (FY 2024) | 56.0% | Delhi, India |
To see the full peer comparison of Universal Esters Limited, buy the company report.
Auditor
Universal Esters Limited is audited by CNK & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNK & Associates LLP | FY 2023 | 101961W/10006W |
Shareholding
The shareholding of Universal Esters 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Universal Esters Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2020 | 100370405 | The Kalupur Commercial Co-Operative Bank Limited | ₹3.77 Cr | Open | |
| 29 Jun 2020 | 100357699 | The Kalupur Commercial Co-Operative Bank Limited | ₹77 Lakh | Open | |
| 19 Jun 2020 | 100357695 | The Kalupur Commercial Co-Operative Bank Limited | ₹1.5 Cr | Open | |
| 05 Feb 1999 | 90096585 | Bank of Baroda | ₹2.49 Cr | Satisfied | |
| 24 Jun 1997 | 90098619 | Bank of Baroda | ₹2.49 Cr | Satisfied |
To see the full charge records of Universal Esters Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Universal Esters Limited has 11 court cases on record: 1 filed by Universal Esters, 10 filed against it. 5 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 10 | 5 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed by the company against Vinner Labs Pvt. Ltd. and 3 others | Pending |
| District court, Ghaziabad, Uttar Pradesh | Criminal case | Filed against the company by Hindon India Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by Ms Meru Chem Private Limited Through Its Director Shri Manish Kantilal Shah | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Bajaj Finance Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Bajaj Finance Limited | Disposed |
To see the full case history of Universal Esters 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
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 |
To see the full MSME payment records of Universal Esters Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Universal Esters Limited has a workforce of 62 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Universal Esters has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACU2495C1ZL | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Universal Esters Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors:
- Nikhil Patel Mukesh - Whole-Time Director
- Grishma Nikhil Patel - Whole-Time Director
- Niraj Patel Mukesh - Director
The latest financial statements of Universal Esters 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 2015 are in the company report.
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 11 court cases on record: 1 filed by the company and 10 filed against it. 5 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, Samarthman Agro Chem Limited, Seasons Agro Chem India Private Limited, Paanitech India Private Limited, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
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.
Universal Esters can be reached through the website universalesters.com. Its registered office is in Barroda, Gujarat, India.
The registered office of Universal Esters is at Plotno.1088B Lamdapura Road Village Manjusar Tal.Savli, Barroda, Gujarat, India.