About Vasudha Specialities Private Limited
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Vasudha Specialities Private Limited is a private limited company based in Panvel, Maharashtra, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 28 April 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1986PTC039676. Its GSTIN is 27AAACV0148F1ZM (Maharashtra).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹17.29 Lakh. It is led by directors including Srinath Barkur Shetty (Managing Director) and Neeta Ramkrishna Shetty.
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 is at Plot No. H5 Taloja Industrial Area MIDC, Panvel, Maharashtra, India – 410208.
As per the financials filed for FY 2024, the company reported a revenue of ₹80.85 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹4.66 Cr (net margin 5.8%) and EBITDA of ₹11.88 Cr (EBITDA margin 14.7%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 21% over five years.
The company has about 42 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: VASUDHA Chemicals. As per MCA filings, the company has open charges of ₹21.13 Cr and satisfied charges of ₹27.01 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company. The company has 8 deals on record (8 secondary share transfers); the latest was in March 2023. Its 9 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 5 smaller; the largest is Pharma Chem Industries (Gujarat) Private Limited with revenue of ₹97.24 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vasudhachem.com.
Company details
Contact details
Vasudha Specialities Private Limited's registered office is in Panvel, Maharashtra. Its website is vasudhachem.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. H5 Taloja Industrial Area MIDC, Panvel, Maharashtra, India – 410208
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Vasudha Specialities 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
Brands
Vasudha Specialities operates one associated brand: VASUDHA Chemicals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of specialty chemicals, pharma excipients, and formulations in India. | vasudhachem.com |
Business activity
The main business activity of Vasudha Specialities 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 Vasudha Specialities Private Limited, buy the company report.
Financials of Vasudha Specialities Private Limited
FY 2024 filings availableVasudha Specialities Private Limited reported revenue of ₹80.85 Cr (up 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 5% growth in the latest year. EBITDA fell 42% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹80.85 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.66 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 14.7% | ||||
| Net Profit Margin | 5.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Vasudha Specialities Private Limited, buy the company report.
Board of directors of Vasudha Specialities Private Limited
Vasudha Specialities has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeta Ramkrishna Shetty Also directs: Vasudha Specialities Emulsifiers Limited | Director | 26 Sep 2016 | 10 Years 1 Months | Current |
| Srinath Barkur Shetty | Managing Director | 08 Sep 2015 | 11 Years 1 Months | Current |
| Maheshkumar Anandraj Singhi Also directs: Singhi Capital Advisors LLP, Singhi Advisors & Financial Services LLP, Vasudha Specialities Emulsifiers Limited and 5 more | Director | 20 Dec 2017 | 8 Years 10 Months | Current |
Peer comparison
Vasudha Specialities Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Pharma Chem Industries (Gujarat) Private Limited | ₹97.24 Cr (FY 2025) | 20.0% | Vapi, Gujarat, India | |||
| Hindusthan Miswaco Limited | ₹97.21 Cr (FY 2025) | -15.0% | New Delhi, Delhi, India | |||
| Amal Speciality Chemicals Limited | ₹96.17 Cr (FY 2025) | 66.0% | Atul, Gujarat, India | |||
| H J Arochem Private Limited | ₹95.87 Cr (FY 2025) | 2.0% | Ahmedabad, Gujarat, India | |||
| Ascent Finechem Private Limited | ₹95.45 Cr (FY 2024) | -2.0% | Ahmedabad, Gujarat, India | |||
| Maxwin Chemtech Private Limited | ₹95.15 Cr (FY 2025) | 197.0% | New Delhi, Delhi, India | |||
| Polson Ltd | ₹95.14 Cr (FY 2025) | -3.0% | Kolhapur, Maharashtra, India | |||
| Vikas Organics Private Limited | ₹94.82 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Ava Chemicals Private Limited | ₹94.73 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Vasudha Specialities Private Limitedthis company | ₹80.85 Cr (FY 2024) | ₹4.66 Cr | 5.8% | 5.0% | 42 | Panvel, Maharashtra, India |
To see the full peer comparison of Vasudha Specialities Private Limited, buy the company report.
Auditor
Vasudha Specialities Private Limited is audited by RSRV and Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RSRV and Associates | FY 2024 | 115691W |
Shareholding
The shareholding of Vasudha Specialities Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vasudha Specialities Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2024 | 100988141 | Others | ₹62.57 Lakh | Open | |
| 28 Jul 2022 | 100602536 | Others | ₹20.5 Cr | Open | |
| 26 Nov 2021 | 100512518 | Others | ₹35 Lakh | Satisfied | |
| 14 Jan 2021 | 100411180 | Others | ₹4 Cr | Satisfied | |
| 14 Jan 2021 | 100411181 | Others | ₹4 Cr | Satisfied |
To see the full charge records of Vasudha Specialities Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Vasudha Specialities Private Limited has 8 deals on record (8 secondary share transfers); the latest was in March 2023.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Seller: Singhi Advisors & Financial Services LLP , 2 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2021 | Secondary share transfer | Undisclosed | Seller: Singhi Advisors & Financial Services LLP , 2 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Seller: Singhi Advisors & Financial Services LLP , 2 individuals |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Singhi Advisors & Financial Services LLP Seller: an individual |
To see the full deal history of Vasudha Specialities 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
Vasudha Specialities Private Limited has 4 court cases on record: 4 filed by Vasudha Specialities. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (SJ) | Filed by the company against Bhalla Chemical Works P.Ltd. | Disposed |
| Bombay High Court | Company petition | Filed by the company against Bhalla Chemical Works Pvt Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Bhalla Chemical Works Ltd. | Disposed |
| Bombay High Court | Appeal | Filed by the company against M/S. Bhalla Chemicals Works Pvt.Ltd. | Disposed |
To see the full case history of Vasudha Specialities 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.
Credit ratings & regulatory alerts
Vasudha Specialities Private Limited was last rated by Crisil on 11 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Dec 2019 |
To see the full credit ratings and regulatory alerts of Vasudha Specialities Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vasudha Specialities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vasudha Specialities has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Prakruti Life Science Private Limited | U99999MH1992PTC066719 |
To see the full group structure of Vasudha Specialities Private Limited, buy the company report.
Employees & EPFO
Vasudha Specialities Private Limited has a workforce of 42 employees on its EPFO records as of Feb 13, 2025, across 1 active EPFO establishment.
GST
Vasudha Specialities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV0148F1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vasudha Specialities Private Limited, buy the company report.
Recent activity
Vasudha Specialities Private Limited has 10 board changes on record since 2015: 3 appointments and 7 cessations. The latest: Srinath Barkur Shetty ceased to be Director on 01 Jul 2020.
22 earlier events are in the company report.
Frequently asked questions
Vasudha Specialities is an active private limited company based in Panvel, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 28 April 1986 (40+ years old) and is registered under CIN U24110MH1986PTC039676.
Vasudha Specialities has 3 current directors:
- Srinath Barkur Shetty - Managing Director
- Neeta Ramkrishna Shetty - Director
- Maheshkumar Anandraj Singhi - Director
The latest financial statements of Vasudha Specialities 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.
The GSTIN of Vasudha Specialities is 27AAACV0148F1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vasudha Specialities is U24110MH1986PTC039676. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vasudha Specialities has 4 court cases on record: 4 filed by the company. Most are in the high courts.
Vasudha Specialities was incorporated on 28 April 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Vasudha Specialities has 8 deals on record (8 secondary share transfers); the latest was in March 2023.
The peers of Vasudha Specialities by revenue are Pharma Chem Industries (Gujarat) Private Limited, Hindusthan Miswaco Limited, Amal Speciality Chemicals Limited, H J Arochem Private Limited, Ascent Finechem Private Limited and 4 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Srinath Barkur Shetty ceased to be Director on 01 Jul 2020. Maheshkumar Anandraj Singhi ceased to be Additional Director on 29 Sep 2018. Maheshkumar Anandraj Singhi was appointed as Director on 20 Dec 2017. Vasudha Specialities has 10 board changes on record in total.
Vasudha Specialities can be reached through the website vasudhachem.com. Its registered office is in Panvel, Maharashtra, India.
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