About Vikas Elastochem Agencies Pvt Ltd
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Vikas Elastochem Agencies Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 03 April 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51495MH1989PTC051254. Its GSTIN is 27AAACV1560F1ZK (Maharashtra). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.05 Lakh. It is led by directors including Geetha Kannan and Kannan Subramanian.
Its last annual general meeting (AGM) was held on 16 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 104 Sai Darshan Plot No. 170 Jawahar Nagar Road No. 2, Mumbai, Maharashtra, India – 400062.
As per the financials filed for FY 2024, the company reported a revenue of ₹70.26 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹4.04 Cr (net margin 5.8%) and EBITDA of ₹5.57 Cr (EBITDA margin 7.9%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 17% over five years.
The company is associated with 1 brand: Vikas Elastochem Agencies Pvt Ltd. As per MCA filings, the company has open charges of ₹3.42 Cr and satisfied charges of ₹6.5 Lakh on record. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹10,000; the latest was in September 2023. Its 10 peer companies in the Chemicals industry (Chemical Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Nature-Tech Ingredients Private Limited with revenue of ₹70.89 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 vikaselastochem.com.
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- Website
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- Registered Address104 Sai Darshan Plot No. 170 Jawahar Nagar Road No. 2, Mumbai, Maharashtra, India – 400062
- IndustryChemicals and Materials, Chemical Distribution & Retail
- 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
- One PDF report, delivered after checkout
Business Activity of Vikas Elastochem Agencies Pvt Ltd
The main business activity of Vikas Elastochem Agencies is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Vikas Elastochem Agencies Pvt Ltd FY 2024 filings available
Vikas Elastochem Agencies Pvt Ltd reported revenue of ₹70.26 Cr (down 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Vikas Elastochem Agencies Pvt Ltd
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA rose 8% 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 of Vikas Elastochem Agencies Pvt Ltd
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.57 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.04 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Vikas Elastochem Agencies Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Vikas Elastochem Agencies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Vikas Elastochem Agencies Pvt Ltd
Vikas Elastochem Agencies Pvt Ltd is compared with the companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nature-Tech Ingredients Private Limited | ₹70.89 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | New Delhi, Delhi, India |
| Fortune Petrochem Private Limited | ₹70.83 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| Tanatex Chemicals India Private Limited | ₹70.71 Cr (FY 2023) | •••• | •••• | -5.0% | •••• | Thane, Maharashtra, India |
| S.Gopal Kamath (Cochin) Private Limited | ₹70.37 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Ernakulam, Kerala, India |
| Shama Rub-Chem Co Pvt Ltd | ₹70.28 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Vikas Elastochem Agencies Pvt Ltd this company | ₹70.26 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Enso Oils and Lubricants Private Limited | ₹69.99 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Rajdoot Specialities Private Limited | ₹69.87 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Kolkata, West Bengal, India |
| Nirmal Exim Private Limited | ₹69.63 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | Uttranchal, Uttarakhand, India |
| Ellsworth Adhesives India Private Limited | ₹69.58 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | New Delhi, Delhi, India |
| R. B. Agencies Private Limited | ₹69.28 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Kanpur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Vikas Elastochem Agencies by revenue in the Chemicals industry (Chemical Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Vikas Elastochem Agencies Pvt Ltd
Vikas Elastochem Agencies Pvt Ltd is audited by VORA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VORA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Vikas Elastochem Agencies Pvt Ltd
Vikas Elastochem Agencies has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Geetha Kannan | Director | 08 Oct 2011 | 15 Years 0 Months | Current |
| Kannan Subramanian | Director | 03 Apr 1989 | 37 Years 6 Months | Current |
| Kannan Kaushik | Director | 23 Sep 2024 | 2 Years 0 Months | Current |
Ownership and Shareholding of Vikas Elastochem Agencies Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Vikas Elastochem Agencies Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Aug 2024 | Axis Bank Limited | ₹42 Lakh | Open |
| 27 Nov 2020 | Axis Bank Limited | ₹25 Lakh | Open |
| 26 Dec 2011 | Axis Bank Limited | ₹2.75 Cr | Open |
| 01 Nov 2019 | Axis Bank Limited | ₹6.5 Lakh | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Vikas Elastochem Agencies Pvt Ltd
Vikas Elastochem Agencies Pvt Ltd has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹10,000; the latest was in September 2023.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Vikas Elastochem Agencies Pvt Ltd
Vikas Elastochem Agencies operates one associated brand: Vikas Elastochem Agencies Pvt Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Dealing in synthetic rubbers and rubber chemicals in the industrial sector. | vikaselastochem.com |
Employees and EPFO Compliance at Vikas Elastochem Agencies Pvt Ltd
Employment history and EPFO contributions of people linked to Vikas Elastochem Agencies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Vikas Elastochem Agencies Pvt Ltd
Vikas Elastochem Agencies Pvt Ltd has 5 board changes on record since 1989: 3 appointments and 2 cessations. The latest: Kannan Kaushik was appointed as Director on 23 Sep 2024.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vikas Elastochem Agencies Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Vikas Elastochem Agencies Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Vikas Elastochem Agencies Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Vikas Elastochem Agencies Pvt Ltd
Vikas Elastochem Agencies has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV1560F1ZK | Maharashtra | Active | 16 Sep 2019 |
| 33AAACV1560F1ZR | Tamil Nadu | Active | 01 Jul 2017 |
| 29AAACV1560F1ZG | Karnataka | Active | 09 Dec 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Vikas Elastochem Agencies Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Vikas Elastochem Agencies Pvt Ltd
Vikas Elastochem Agencies is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 03 April 1989 (37+ years old) and is registered under CIN U51495MH1989PTC051254.
Vikas Elastochem Agencies reported revenue of ₹70.26 Cr for FY 2024 (down 1% YoY).
Vikas Elastochem Agencies has 3 current directors:
- Geetha Kannan - Director
- Kannan Subramanian - Director
- Kannan Kaushik - Director
Vikas Elastochem Agencies reported a net profit of ₹4.04 Cr (net margin 5.8%) and EBITDA of ₹5.57 Cr (EBITDA margin 7.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vikas Elastochem Agencies is 29% over three years and 17% over five years. In the latest year (FY 2024) revenue fell 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vikas Elastochem Agencies is 27AAACV1560F1ZK, registered in Maharashtra. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 33AAACV1560F1ZR (Tamil Nadu), 29AAACV1560F1ZG (Karnataka).
The CIN (Corporate Identification Number) of Vikas Elastochem Agencies is U51495MH1989PTC051254. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vikas Elastochem Agencies was incorporated on 03 April 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Vikas Elastochem Agencies has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹10,000; the latest was in September 2023.
The peers of Vikas Elastochem Agencies by revenue are Nature-Tech Ingredients Private Limited, Fortune Petrochem Private Limited, Tanatex Chemicals India Private Limited, S.Gopal Kamath (Cochin) Private Limited, Shama Rub-Chem Co Pvt Ltd and 5 more, all in the Chemicals industry (Chemical Retail and Distribution).
Kannan Kaushik was appointed as Director on 23 Sep 2024. Anil Krishnadas Sampat ceased to be Director on 08 Oct 2011. Geetha Kannan was appointed as Director on 08 Oct 2011. Vikas Elastochem Agencies has 5 board changes on record in total.