MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0030713
Vibfast Pigments Pvt Ltd - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹93.71 Cr
▼ 7% YoY
Net profit · FY 2025
₹1.7 Cr
Net margin 1.8%
EBITDA · FY 2025
₹4.76 Cr
EBITDA margin 5.1%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.51 Cr
Issued & subscribed
Open charges
₹70.92 Cr
Secured borrowings
Company age
34 yrs
Est. 1992
Employees · EPFO
55
Provident fund records
About Vibfast Pigments Pvt Ltd
Data last updated:
Vibfast Pigments Pvt Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 17 March 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1992PTC017309. Its GSTIN is 24AAACR9238C1ZL (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.51 Cr. It was formerly known as Ratnavir Polyfab Pvt Ltd. It is led by directors including Madhu Amit Banthia (Managing Director) and Amit Virendrasingh Banthia (Managing 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 C1 91/6 Phase – 1 GIDC Vatva, Ahmedabad, Gujarat, India – 382445.
As per the financials filed for FY 2025, the company reported a revenue of ₹93.71 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.7 Cr (net margin 1.8%) and EBITDA of ₹4.76 Cr (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 3% over five years.
The company has about 55 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vibfast Pigments. As per MCA filings, the company has open charges of ₹70.92 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 9 deals on record (5 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹3.02 Cr; the latest was in March 2023. Its 6 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 4 smaller; the largest is Gaurav Industries Private Limited with revenue of ₹94.62 Cr. The company has 3 MSME Form 1 returns on record between 2018 and 2019, listing 404 overdue payments to 31 micro and small suppliers.
Vibfast Pigments Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0030713). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vibfast.com.
Company details
CIN U17119GJ1992PTC017309
Registration Number 017309
Incorporation Date 17 March 1992
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-01-0030713
Key People
Madhu Amit Banthia Managing Director Amit Virendrasingh Banthia Managing Director Videh Amit Banthia Director Recognitions & Rankings of Vibfast Pigments
Contact details
Vibfast Pigments Pvt Ltd's registered office is in Ahmedabad, Gujarat. Its website is vibfast.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC1 91/6 Phase – 1 GIDC Vatva, Ahmedabad, Gujarat, India – 382445
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Vibfast Pigments Pvt Ltd, buy the company report.
Comprehensive company report
Vibfast Pigments Pvt Ltd - 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
Vibfast Pigments operates one associated brand: Vibfast Pigments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pigment manufacturing, exporting, and chemical production in India. | vibfast.com |
Business activity
The main business activity of Vibfast 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 Vibfast Pigments Pvt Ltd, buy the company report.
Financials of Vibfast Pigments Pvt Ltd
FY 2025 filings availableVibfast Pigments Pvt Ltd reported revenue of ₹93.71 Cr (down 7% YoY) for FY 2025.
Revenue · FY 2025
₹93.71 Cr ▼ 7%
Net profit · FY 2025
₹1.7 Cr margin 1.8%
EBITDA · FY 2025
₹4.76 Cr margin 5.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▼ 1%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 6%
5 years · compounded
▼ 9%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 2% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.7 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Vibfast Pigments Pvt Ltd, buy the company report.
Board of directors of Vibfast Pigments Pvt Ltd
Vibfast Pigments has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Videh Amit Banthia Also directs: Iris Natcol Private Limited | Director | 03 Jun 2019 | 7 Years 5 Months | Current |
| Madhu Amit Banthia | Managing Director | 12 Dec 1997 | 28 Years 10 Months | Current |
| Shimona Amit Banthia Also directs: Vibfast Orto Private Limited, Iris Cosmo-Colour Private Limited | Director | 01 Aug 2018 | 8 Years 3 Months | Current |
| Amit Virendrasingh Banthia | Managing Director | 17 Mar 1992 | 34 Years 7 Months | Current |
Peer comparison
Vibfast Pigments Pvt Ltd is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Gaurav Industries Private Limited | ₹94.62 Cr (FY 2025) | 41.0% | Ahmedabad, Gujarat, India | |||
| Asha Color Dispersions Private Limited | ₹94.38 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Vibfast Pigments Pvt Ltdthis company | ₹93.71 Cr (FY 2025) | ₹1.7 Cr | 1.8% | -7.0% | 55 | Ahmedabad, Gujarat, India |
| Ornet Intermediates Private Limited | ₹93.05 Cr (FY 2025) | 8.0% | Ahmedabad, Gujarat, India | |||
| Universal Dyechem Private Limited | ₹91.86 Cr (FY 2024) | 23.0% | Jodhpur, Rajasthan, India | |||
| Raveshia Colours Private Limited | ₹90.81 Cr (FY 2024) | 11.0% | Mumbai, Maharashtra, India | |||
| Mahickra Chemicals Limited | ₹90.78 Cr (FY 2025) | 22.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Vibfast Pigments Pvt Ltd, buy the company report.
Auditor
Vibfast Pigments Pvt Ltd is audited by KISHOR GOYAL & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KISHOR GOYAL & CO. | FY 2022 | 008897N |
Shareholding
The shareholding of Vibfast Pigments Pvt Ltd 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 Vibfast Pigments Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹70.92 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2022 | 100552716 | Others | ₹4.5 Cr | Open | |
| 11 May 2009 | 10159808 | Others | ₹23.64 Cr | Open | |
| 02 May 2006 | 10003749 | Others | ₹23.64 Cr | Open | |
| 30 Mar 2006 | 10003748 | Others | ₹19.14 Cr | Open |
To see the full charge records of Vibfast Pigments Pvt Ltd, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Vibfast Pigments Pvt Ltd has 9 deals on record (5 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹3.02 Cr; the latest was in March 2023.
Total deals
9
Funding rounds
5
Secondary share transfers
3
Rights issue
1
Disclosed funding
₹3.02 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Raduga Chemicals LLC, Clirten Limited Seller: Iris Organic DWC-LLC |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Iris Organic DWC-LLC, 3 individuals Seller: Raduga Chemicals LLC, Clirten Limited, 2 individuals |
| Nov 2018 | Rights issue | ₹58 Lakh | Investors: 2 individuals |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2014 | Funding round | ₹81.3 Lakh | Investors: Raduga Chemicals LLC, 2 individuals |
To see the full deal history of Vibfast Pigments Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vibfast Pigments Pvt Ltd has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Court case (SPCS) | Filed against the company by Micas Organics Limited Through Its Authorized Person Mr. Mukeshkumar N. Patel | Disposed |
To see the full case history of Vibfast Pigments Pvt Ltd, 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
Vibfast Pigments Pvt Ltd has 3 MSME Form 1 returns on record between 2018 and 2019, listing 404 overdue payments to 31 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 31)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vibfast Pigments | |||
| Amgeen Minerals | |||
| Parshwanath Colour Chem | |||
| Shreenathji Polymers | |||
| Shree Radha Dye Chem Industries |
To see the full MSME payment records of Vibfast Pigments Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vibfast Pigments Pvt Ltd has a workforce of 55 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
55
Active EPFO establishments
1
Employee growth
12.24%
GST
Vibfast Pigments has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACR9238C1ZL | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vibfast Pigments Pvt Ltd, buy the company report.
Recent activity
Vibfast Pigments Pvt Ltd has 9 board changes on record since 1992: 4 appointments and 5 cessations. The latest: Amit Virendrasingh Banthia ceased to be Director on 28 Mar 2023.
AGM
Vibfast Pigments Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vibfast Pigments Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 23.64 Cr registered on 11 May 2009 with Charge ID 10159808 was modified on 17 Oct 2023.
Charges
A charge with Others of Rs. 23.64 Cr registered on 02 May 2006 with Charge ID 10003749 was modified on 17 Oct 2023.
Ceased
Amit Virendrasingh Banthia ceased to be Director.
Ceased
Madhu Amit Banthia ceased to be Director.
Charges
A charge with Others of Rs. 19.14 Cr registered on 30 Mar 2006 with Charge ID 10003748 was modified on 11 May 2022.
Charges
A charge with Others amounted to Rs. 4.50 Cr with Charge ID 100552716 was registered on 30 Mar 2022.
Ceased
Shivam Agrawal Mangilal ceased to be Additional Director.
Appointed
Videh Amit Banthia was appointed as Director.
Ceased
Shimona Amit Banthia ceased to be Additional Director.
Appointed
Shimona Amit Banthia was appointed as Director.
7 earlier events are in the company report.
Frequently asked questions
Vibfast Pigments is an active private limited company based in Ahmedabad, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 17 March 1992 (34+ years old) and is registered under CIN U17119GJ1992PTC017309.
Vibfast Pigments has 4 current directors:
- Madhu Amit Banthia - Managing Director
- Amit Virendrasingh Banthia - Managing Director
- Videh Amit Banthia - Director
- Shimona Amit Banthia - Director
The latest financial statements of Vibfast 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 Vibfast Pigments is 24AAACR9238C1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Vibfast Pigments is U17119GJ1992PTC017309. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vibfast Pigments has 1 court case on record: 1 filed against it.
Vibfast Pigments was incorporated on 17 March 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vibfast Pigments has 9 deals on record (5 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹3.02 Cr; the latest was in March 2023.
The peers of Vibfast Pigments by revenue are Gaurav Industries Private Limited, Asha Color Dispersions Private Limited, Ornet Intermediates Private Limited, Universal Dyechem Private Limited, Raveshia Colours Private Limited and 1 more, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Amit Virendrasingh Banthia ceased to be Director on 28 Mar 2023. Madhu Amit Banthia ceased to be Director on 28 Mar 2023. Shivam Agrawal Mangilal ceased to be Additional Director on 30 Jul 2019. Vibfast Pigments has 9 board changes on record in total.
Yes, Vibfast Pigments is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0030713).
Vibfast Pigments has 3 MSME Form 1 returns on record between 2018 and 2019, listing 404 overdue payments to 31 micro and small suppliers. The latest return was filed on 23 Oct 2019.
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