MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-25-0015201
Vapi Pigments Private Limited - chemicals and materials in Vapi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹24.03 Cr
▼ 31% YoY
Net profit · FY 2025
₹5.34 Lakh
Net margin 0.2%
EBITDA · FY 2025
₹1.18 Cr
EBITDA margin 4.9%
Authorised capital
₹2.75 Cr
Registered with MCA
Paid-up capital
₹2.65 Cr
Issued & subscribed
Open charges
₹33.08 Cr
Satisfied ₹9.88 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
18
Provident fund records
About Vapi Pigments Private Limited
Data last updated:
Vapi Pigments Private Limited is a private limited company based in Vapi, Gujarat, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 09 April 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2009PTC056574. Its GSTIN is 24AADCV0148A1ZZ (Gujarat).
The company has an authorised share capital of ₹2.75 Cr and a paid-up capital of ₹2.65 Cr. It is led by directors including Pooransingh Vijaysingh Rathod and Ishwarlal Maganlal Patel.
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 795/2 GIDC, Vapi, Gujarat, India – 396195.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.03 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹5.34 Lakh (net margin 0.2%) and EBITDA of ₹1.18 Cr (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 7% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Meghna Colours and Vapi Pigments Pvt Ltd. As per MCA filings, the company has open charges of ₹33.08 Cr and satisfied charges of ₹9.88 Cr on record. The company has 11 deals on record (9 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.44 Cr; the latest was in November 2022. Its 4 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, 2 larger and 2 smaller; the largest is Nandosal Chem Industries Pvt Ltd with revenue of ₹24.73 Cr.
Vapi Pigments Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0015201). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vapipigments.com.
Company details
CIN U24100GJ2009PTC056574
Registration Number 056574
Incorporation Date 09 April 2009
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-25-0015201
Key People
Pooransingh Vijaysingh Rathod Director Ishwarlal Maganlal Patel Director Venkatesh Krishnahari Dyavanpalli Director Recognitions & Rankings of Vapi Pigments
Contact details
Vapi Pigments Private Limited's registered office is in Vapi, Gujarat. Its website is vapipigments.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address795/2 GIDC, Vapi, Gujarat, India – 396195
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Vapi Pigments Private Limited, buy the company report.
Comprehensive company report
Vapi 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
Vapi Pigments operates two associated brands: Meghna Colours and VAPI PIGMENTS PVT LTD. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pigment manufacturing and supply for paints, plastics, inks, and coatings industries. | meghnacolour.com | |
| Pigment manufacturing and supply for paints, coatings, inks, and plastics in India. | vapipigments.com |
Business activity
The main business activity of Vapi 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 Vapi Pigments Private Limited, buy the company report.
Financials of Vapi Pigments Private Limited
FY 2025 filings availableVapi Pigments Private Limited reported revenue of ₹24.03 Cr (down 31% YoY) for FY 2025.
Revenue · FY 2025
₹24.03 Cr ▼ 31%
Net profit · FY 2025
₹5.34 Lakh margin 0.2%
EBITDA · FY 2025
₹1.18 Cr margin 4.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 31%
3 years · compounded
▼ 5%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 58%
3 years · compounded
▼ 24%
5 years · compounded
▼ 4%
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 58% 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 | ₹1.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.34 Lakh | ||||
| 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 | 4.9% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vapi Pigments Private Limited, buy the company report.
Board of directors of Vapi Pigments Private Limited
Vapi Pigments has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pooransingh Vijaysingh Rathod | Director | 08 Mar 2016 | 10 Years 7 Months | Current |
| Ishwarlal Maganlal Patel | Director | 14 Sep 2021 | 5 Years 1 Months | Current |
| Venkatesh Krishnahari Dyavanpalli | Director | 25 Apr 2024 | 2 Years 6 Months | Current |
| Lichhman Ram | Director | 14 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Vapi Pigments Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Nandosal Chem Industries Pvt Ltd | ₹24.73 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Turaco Inks and Coatings Private Limited | ₹24.05 Cr (FY 2024) | -16.0% | Delhi, India | |||
| Vapi Pigments Private Limitedthis company | ₹24.03 Cr (FY 2025) | ₹5.34 Lakh | 0.2% | -31.0% | 18 | Vapi, Gujarat, India |
| Deep Organics Private Limited | ₹23.89 Cr (FY 2024) | -20.0% | Bharuch, Gujarat, India | |||
| Sky Inx Private Limited | ₹23.13 Cr (FY 2025) | 19.0% | Sarkhej, Gujarat, India |
To see the full peer comparison of Vapi Pigments Private Limited, buy the company report.
Auditor
Vapi Pigments Private Limited is audited by G.B. LADDHA CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G.B. LADDHA CO. LLP | FY 2023 | 120352W/W100033 |
Shareholding
The shareholding of Vapi 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 Vapi Pigments Private Limited, buy the company report.
Charges & borrowings
Open charges
₹33.08 Cr
Satisfied charges
₹9.88 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Dec 2021 | 100530176 | Axis Bank Limited | ₹6.45 Cr | Open | |
| 08 Jun 2013 | 10430778 | Bank of Baroda | ₹1 Cr | Open | |
| 01 Sep 2012 | 10375274 | Others | ₹12.81 Cr | Open | |
| 29 Mar 2012 | 10347505 | Others | ₹12.81 Cr | Open | |
| 29 Dec 2010 | 10269214 | Punjab National Bank | ₹1.97 Cr | Satisfied |
To see the full charge records of Vapi Pigments Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Vapi Pigments Private Limited has 11 deals on record (9 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.44 Cr; the latest was in November 2022.
Total deals
11
Secondary share transfers
9
Funding rounds
2
Disclosed funding
₹2.44 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Nirbhay Rasayan Pvt Ltd , an individual |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Nirbhay Rasayan Pvt Ltd |
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: Nirbhay Rasayan Pvt Ltd , an individual Seller: 2 individuals |
| Oct 2013 | Secondary share transfer | Undisclosed | Buyer: Ashit R Raveshia Huf, Ramesh L Raveshia HUF Seller: Jupiter Business Limited, Chirayu Exim Private Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Biraj Manimpex Private Limited , 2 individuals |
To see the full deal history of Vapi 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
No court or tribunal cases involving Vapi Pigments Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Vapi Pigments Private Limited was last rated by Icra on 24 Aug 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 24 Aug 2015 |
To see the full credit ratings and regulatory alerts of Vapi Pigments Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vapi Pigments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vapi Pigments Private Limited has a workforce of 18 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
18
Active EPFO establishments
1
Employee growth
-10%
GST
Vapi Pigments has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCV0148A1ZZ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vapi Pigments Private Limited, buy the company report.
Recent activity
Vapi Pigments Private Limited has 13 board changes on record since 2016: 4 appointments and 9 cessations. The latest: Lichhman Ram ceased to be Additional Director on 29 Sep 2025.
AGM
Vapi Pigments Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Lichhman Ram ceased to be Additional Director.
Appointed
Lichhman Ram was appointed as Director.
Ceased
Venkatesh Krishnahari Dyavanpalli ceased to be Director.
Filing
Vapi Pigments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Venkatesh Krishnahari Dyavanpalli was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 6.45 Cr with Charge ID 100530176 was registered on 14 Dec 2021.
Appointed
Ishwarlal Maganlal Patel was appointed as Director.
Ceased
Kulwantsingh Rathore ceased to be Whole-Time Director.
Ceased
Champaklal Amrutlal Shah ceased to be Director.
Ceased
Manish Shivdas Kothari ceased to be Director.
Ceased
Nirav Kamlesh Desai ceased to be Additional Director.
16 earlier events are in the company report.
Frequently asked questions
Vapi Pigments is an active private limited company based in Vapi, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 09 April 2009 (17+ years old) and is registered under CIN U24100GJ2009PTC056574.
Vapi Pigments has 4 current directors:
- Pooransingh Vijaysingh Rathod - Director
- Ishwarlal Maganlal Patel - Director
- Venkatesh Krishnahari Dyavanpalli - Director
- Lichhman Ram - Director
The latest financial statements of Vapi Pigments 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 Vapi Pigments is 24AADCV0148A1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Vapi Pigments is U24100GJ2009PTC056574. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vapi Pigments was incorporated on 09 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vapi Pigments has 11 deals on record (9 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.44 Cr; the latest was in November 2022.
The peers of Vapi Pigments by revenue are Nandosal Chem Industries Pvt Ltd, Turaco Inks and Coatings Private Limited, Deep Organics Private Limited, Sky Inx Private Limited, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Lichhman Ram ceased to be Additional Director on 29 Sep 2025. Lichhman Ram was appointed as Director on 14 Aug 2025. Venkatesh Krishnahari Dyavanpalli ceased to be Director on 23 May 2025. Vapi Pigments has 13 board changes on record in total.
Yes, Vapi Pigments is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-25-0015201).
Vapi Pigments can be reached through the website vapipigments.com. Its registered office is in Vapi, Gujarat, India.