About Vapi Spectrochem Pvt Ltd
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Vapi Spectrochem Pvt Ltd 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 February 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24110GJ1990PTC013343. Its GSTIN is 24AAACV8311Q1Z0 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹23 Lakh. It is led by directors Shashank Anil Merchant and Nishith Anil Merchant.
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.3A & 3B 1st Phase G.I.D.C, Vapi, Gujarat, India – 396195.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.47 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net loss of ₹27.51 Lakh (net margin -7.9%) and EBITDA of -₹2.71 Lakh (EBITDA margin -0.8%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 13% over five years.
The company has about 40 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.37 Cr and satisfied charges of ₹4.04 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vapispectrochem.com.
Company details
Contact details
Vapi Spectrochem Pvt Ltd's registered office is in Vapi, Gujarat. Its website is vapispectrochem.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.3A & 3B 1st Phase G.I.D.C, Vapi, Gujarat, India – 396195
- IndustryChemicals and Materials, Dyes & Pigments, Industrial Chemicals, Colorants
To see the full contact details of Vapi Spectrochem Pvt Ltd, 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
Business activity
The main business activity of Vapi Spectrochem 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 Spectrochem Pvt Ltd, buy the company report.
Financials of Vapi Spectrochem Pvt Ltd
FY 2025 filings availableVapi Spectrochem Pvt Ltd reported revenue of ₹3.47 Cr (up 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 22% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 13%. EBITDA fell 119% 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 | -₹2.71 Lakh | ||||
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| Net Profit (PAT) | -₹27.51 Lakh | ||||
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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 | -0.8% | ||||
| Net Profit Margin | -7.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vapi Spectrochem Pvt Ltd, buy the company report.
Board of directors of Vapi Spectrochem Pvt Ltd
Vapi Spectrochem has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashank Anil Merchant Also directs: Hema Dyechem Private Limited | Director | 02 Feb 2001 | 25 Years 9 Months | Current |
| Nishith Anil Merchant Also directs: Hema Dyechem Private Limited | Director | 02 Feb 2001 | 25 Years 9 Months | Current |
Peer comparison
Vapi Spectrochem Pvt Ltd is compared with the 6 companies closest to it by revenue in the Chemicals industry (API Manufacturers, Industrial 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 |
|---|---|---|---|---|---|---|
| Globalbond Adhesives Private Limited | ₹3.49 Cr (FY 2024) | 34.0% | Bahadurgarh, Haryana, India | |||
| Desicca Foods and Chemicals Private Limited | ₹3.48 Cr (FY 2025) | 42.0% | Mumbai, Maharashtra, India | |||
| Kalpaphoschem Private Limited | ₹3.48 Cr (FY 2024) | 460.0% | Krishnagiri, Tamil Nadu, India | |||
| Vapi Spectrochem Pvt Ltdthis company | ₹3.47 Cr (FY 2025) | -₹27.51 Lakh | -7.9% | 22.0% | 40 | Vapi, Gujarat, India |
| Bond Chem (India) Pvt.Ltd. | ₹3.45 Cr (FY 2025) | -6.0% | Kolkata, West Bengal, India | |||
| Essix Biosciences Limited | ₹3.45 Cr (FY 2025) | -93.0% | Chandigarh, India | |||
| A.K. Bakelite and Resins Private Limited | ₹3.45 Cr (FY 2025) | -9.0% | Delhi, India |
To see the full peer comparison of Vapi Spectrochem Pvt Ltd, buy the company report.
Auditor
Vapi Spectrochem Pvt Ltd is audited by CHHAJED & DOSHI for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHHAJED & DOSHI | FY 2022 | 101794W |
Shareholding
The shareholding of Vapi Spectrochem Pvt Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | 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 Vapi Spectrochem Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 May 2024 | 100933272 | Axis Bank Limited | ₹10 Cr | Open | |
| 27 Mar 1995 | 90112253 | Gujarat State Financial Corporation | ₹36.9 Lakh | Open | |
| 30 Aug 2014 | 10518350 | Standard Chartered Bank | ₹1.1 Cr | Satisfied | |
| 29 Apr 2010 | 10301943 | Standard Chartered Bank | ₹2.94 Cr | Satisfied |
To see the full charge records of Vapi Spectrochem Pvt Ltd, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Vapi Spectrochem Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Vapi Spectrochem Pvt Ltd has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Pragati Industries | |||
| Shree Jalaram Ice |
To see the full MSME payment records of Vapi Spectrochem Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vapi Spectrochem Pvt Ltd has a workforce of 40 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 40 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Vapi Spectrochem Pvt Ltd, buy the company report.
GST
Vapi Spectrochem has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACV8311Q1Z0 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vapi Spectrochem Pvt Ltd, buy the company report.
Recent activity
Vapi Spectrochem Pvt Ltd has 2 board changes on record since 2001: 2 appointments. The latest: Nishith Anil Merchant was appointed as Director on 02 Feb 2001.
Frequently asked questions
Vapi Spectrochem 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 February 1990 (36+ years old) and is registered under CIN U24110GJ1990PTC013343.
Vapi Spectrochem has 2 current directors:
- Shashank Anil Merchant - Director
- Nishith Anil Merchant - Director
The latest financial statements of Vapi Spectrochem 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 Spectrochem is 24AAACV8311Q1Z0, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Vapi Spectrochem is U24110GJ1990PTC013343. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vapi Spectrochem was incorporated on 09 February 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Vapi Spectrochem by revenue are Globalbond Adhesives Private Limited, Desicca Foods and Chemicals Private Limited, Kalpaphoschem Private Limited, Bond Chem (India) Pvt.Ltd, Essix Biosciences Limited and 1 more, all in the Chemicals industry (API Manufacturers, Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Nishith Anil Merchant was appointed as Director on 02 Feb 2001. Shashank Anil Merchant was appointed as Director on 02 Feb 2001.
Vapi Spectrochem has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 3 micro and small suppliers. The latest return was filed on 09 Jun 2019.
Vapi Spectrochem can be reached through the website vapispectrochem.com. Its registered office is in Vapi, Gujarat, India.
The registered office of Vapi Spectrochem is at Plot No.3A & 3B 1st Phase G.I.D.C, Vapi, Gujarat, India – 396195.
Vapi Spectrochem operates in the chemicals and materials industry, in the dyes and pigments segment.
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