Vaishali Pigments Private Limited
About Vaishali Pigments Private Limited
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Vaishali Pigments Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Yg Capital Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 12 March 1987.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1987PTC042871.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹30 Lakh. It was led by directors Ramakant Bramhaji Lad and Sudhir Kumar Jain.
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 was at 9th Floor Gold Crest N.S. Road No. 10 Jvpd Scheme Juhu Vile Parle (West), Mumbai, Maharashtra, India – 400049.
As per the financials filed for FY 2024, the company reported a revenue of ₹31.92 Lakh, a decline of 45% compared to the previous year. For the same year it recorded a net profit of ₹13.65 Lakh (net margin 42.8%) and EBITDA of ₹18.51 Lakh (EBITDA margin 58%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 18% over five years.
As per MCA filings, the company had satisfied charges of ₹16.25 Cr on record. Court records list 15 cases involving the company, including 12 filed by the company and 3 filed against it.
Company details
Contact details
Vaishali Pigments Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address9th Floor Gold Crest N.S. Road No. 10 Jvpd Scheme Juhu Vile Parle (West), Mumbai, Maharashtra, India – 400049
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Vaishali Pigments 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
Financials of Vaishali Pigments Private Limited
FY 2024 filings availableVaishali Pigments Private Limited reported revenue of ₹31.92 Lakh (down 45% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 45% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹18.51 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.65 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 58% | ||||
| Net Profit Margin | 42.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Vaishali Pigments Private Limited, buy the company report.
Board of directors of Vaishali Pigments Private Limited
Vaishali Pigments has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramakant Bramhaji Lad | Director | 14 Feb 2017 | 9 Years 8 Months | As last reported |
| Sudhir Kumar Jain | Director | 21 Apr 2023 | 3 Years 6 Months | As last reported |
Peer comparison
Vaishali Pigments Private Limited is compared with the 10 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shri Durga Solvents Private Limited | ₹32.41 Lakh (FY 2024) | -4.0% | Bangalore, Karnataka, India | |||
| Magna Colours (India) Private Limited | ₹32.22 Lakh (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Anmol Chemicals Industries Private Limited | ₹32.18 Lakh (FY 2024) | Mumbai, Maharashtra, India | ||||
| Venthos Overseas Private Limited | ₹32 Lakh (FY 2025) | 59.0% | Allahabad, Uttar Pradesh, India | |||
| Oxides and Specialities Limited | ₹32 Lakh (FY 2017) | -11.0% | Rantagiri, Maharashtra, India | |||
| Vaishali Pigments Private Limitedthis company | ₹31.92 Lakh (FY 2024) | ₹13.65 Lakh | 42.8% | -45.0% | Mumbai, Maharashtra, India | |
| Accura Research Chemicals Private Limited | ₹31.92 Lakh (FY 2022) | -27.0% | Hyderabad, Telangana, India | |||
| Leo Maddu Industries Private Limited | ₹31.84 Lakh (FY 2023) | -1.0% | New Delhi, Delhi, India | |||
| Metal Aids Foundry Chemicals Private Limited | ₹31.66 Lakh (FY 2025) | 15.0% | Haridwar, Uttarakhand, India | |||
| Geniqe Bio Care Private Limited | ₹31.48 Lakh (FY 2024) | -66.0% | Anand, Gujarat, India | |||
| Atmichem Industries Private Limited | ₹31.38 Lakh (FY 2025) | Ahmedabad, Gujarat, India |
To see the full peer comparison of Vaishali Pigments Private Limited, buy the company report.
Shareholding
The shareholding of Vaishali Pigments Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vaishali Pigments Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 1999 | 90220345 | The United Western Bank Tld | ₹16.25 Cr | Satisfied |
To see the full charge records of Vaishali Pigments Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Vaishali Pigments Private Limited has 15 court cases on record: 12 filed by Vaishali Pigments, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 3 | 0 |
| High courts | 6 | 0 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed by the company against The United Western Bank Ltd. and Ors | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Assistant Registrar of Companies | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| District court, Aurangabad, Maharashtra | Court case (M.C.A.) | Filed by the company against an individual | Disposed |
To see the full case history of Vaishali 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vaishali Pigments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Vaishali Pigments Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vaishali Pigments Private Limited has 10 board changes on record since 2008: 2 appointments and 8 cessations. The latest: Sudhir Kumar Jain ceased to be Additional Director on 29 Sep 2023.
3 earlier events are in the company report.
Frequently asked questions
Vaishali Pigments has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Vaishali Pigments was a private limited company based in Mumbai, Maharashtra, India. The company worked in industrial chemicals, within the chemicals and materials industry. It was incorporated on 12 March 1987 and is registered under CIN U99999MH1987PTC042871. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Vaishali Pigments was incorporated on 12 March 1987. It is registered with the Registrar of Companies, Mumbai.
Vaishali Pigments had 2 directors:
- Ramakant Bramhaji Lad - Director
- Sudhir Kumar Jain - Director
The CIN (Corporate Identification Number) of Vaishali Pigments is U99999MH1987PTC042871. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Vaishali Pigments is at 9th Floor Gold Crest N.S. Road No. 10 Jvpd Scheme Juhu Vile Parle West, Mumbai, Maharashtra, India – 400049.
The latest financial statements of Vaishali 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.
Vaishali Pigments operated in the chemicals and materials industry, in the industrial chemicals segment.
The peers of Vaishali Pigments by revenue are Shri Durga Solvents Private Limited, Magna Colours (India) Private Limited, Anmol Chemicals Industries Private Limited, Venthos Overseas Private Limited, Oxides and Specialities Limited and 5 more, all in the Chemicals industry (Industrial Chemicals).
Vaishali Pigments has 15 court cases on record: 12 filed by the company and 3 filed against it. Most are in the district courts.
Sudhir Kumar Jain ceased to be Additional Director on 29 Sep 2023. Sudhir Kumar Jain was appointed as Director on 21 Apr 2023. Ajay Ramchandra Misra ceased to be Director on 29 Mar 2023. Vaishali Pigments has 10 board changes on record in total.
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