India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,608 Vijayasankaran Nair & family ₹1,200 Cr
Revenue · FY 2025
₹1,990.49 Cr
▲ 19% YoY
Net profit · FY 2025
₹50.29 Cr
Net margin 2.5%
EBITDA · FY 2025
₹142.79 Cr
EBITDA margin 7.2%
Authorised capital
₹60 Cr
Registered with MCA
Paid-up capital
₹17.78 Cr
Issued & subscribed
Open charges
₹655.52 Cr
Satisfied ₹1,513.62 Cr
Company age
41 yrs
Est. 1985
Employees · EPFO
356
Provident fund records
About Visen Industries Limited
Data last updated:
Visen Industries Limited is a public 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 September 1985 and has been in existence for over 41 years.
Its director Vijayasankaran Nair and family are #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH1985PLC037350. Its GSTIN is 27AAACV1768K1ZZ (Maharashtra). The company holds 9 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹17.78 Cr. It was formerly known as Visen Chemicals Private Limited. It is led by directors including Vijayasankaran Anjilikattu Sivaraman Nair (Managing Director) and Cherry Vijay Nair (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 October 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,990.49 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹50.29 Cr (net margin 2.5%) and EBITDA of ₹142.79 Cr (EBITDA margin 7.2%).
The company has about 356 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Visen Industries. As per MCA filings, the company has open charges of ₹655.52 Cr and satisfied charges of ₹1,513.62 Cr on record. Court records list 94 cases involving the company, including 77 filed by the company and 17 filed against it; 20 cases are pending. The company has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹124.52 Cr; the latest was in December 2018. Its 8 peer companies in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 4 smaller; the largest is Berger Paints India Limited with revenue of ₹11,639 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 230 overdue payments to 30 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website visen.net.
Company details
CIN U24100MH1985PLC037350
Registration Number 037350
Incorporation Date 03 September 1985
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 October 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Vijayasankaran Anjilikattu Sivaraman Nair Managing Director Cherry Vijay Nair Whole-Time Director Louis Zacharias Director Recognitions & Rankings of Visen Industries
Contact details
Visen Industries Limited's registered office is in Mumbai, Maharashtra. Its website is visen.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address501 Stanford Plot No.554 Junction Of S V Road & Juhu Lane Andher, I (W), Mumbai, Maharashtra, India – 400058
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Visen Industries Limited, buy the company report.
Comprehensive company report
Visen Industries 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
Visen Industries operates one associated brand: Visen Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Polymer emulsions are manufactured for industrial applications. | visen.net |
Business activity
The main business activities of Visen Industries are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and wholesale trading. 2 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Visen Industries Limited, buy the company report.
Financials of Visen Industries Limited
FY 2024 filings availableVisen Industries Limited reported revenue of ₹1,990.49 Cr (up 19% YoY) for FY 2025.
Revenue · FY 2025
₹1,990.49 Cr ▲ 19%
Net profit · FY 2025
₹50.29 Cr margin 2.5%
EBITDA · FY 2025
₹142.79 Cr margin 7.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 19%
EBITDA CAGR growth
1 year
▲ 34%
Revenue rose 19% in the latest year. EBITDA rose 34% in the latest 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 | ₹142.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹50.29 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 | 7.2% | ||||
| Net Profit Margin | 2.5% | ||||
| 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 Visen Industries Limited, buy the company report.
Board of directors of Visen Industries Limited
Visen Industries has 5 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijayasankaran Anjilikattu Sivaraman Nair | Managing Director | 01 Apr 2009 | 17 Years 6 Months | Current |
| Cherry Vijay Nair | Whole-Time Director | 22 Jul 2015 | 11 Years 3 Months | Current |
| Louis Zacharias | Director | 30 Mar 2016 | 10 Years 6 Months | Current |
| Rohnit Nair Also directs: Visen Marketing Private Limited, Ruchirag Investment Pvt Ltd | Director | 31 Mar 2021 | 5 Years 6 Months | Current |
| Sangameshwar Ramnarayan Iyer Also directs: Themis Nutritionals Private Limited | Additional Director | 04 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Visen Industries Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Paints), 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 |
|---|---|---|---|---|---|---|
| Berger Paints India Limited | ₹11,639 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| JSW Dulux Limited | ₹4,118.8 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| PPG Asian Paints Private Limited | ₹2,165.46 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| JSW Paints Limited | ₹2,163.18 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Visen Industries Limitedthis company | ₹1,990.49 Cr (FY 2025) | ₹50.29 Cr | 2.5% | 19.0% | 356 | Mumbai, Maharashtra, India |
| Indigo Paints Limited | ₹1,359.17 Cr (FY 2025) | 3.0% | Pune, Maharashtra, India | |||
| Nippon Paint (India) Private Limited | ₹1,265.99 Cr (FY 2021) | -1.0% | Sunguvarchatiram, Tamil Nadu, India | |||
| Asian Paints PPG Private Limited | ₹1,199.16 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Grauer and Weil (India) Limited | ₹1,180.04 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Visen Industries Limited, buy the company report.
Auditor
Visen Industries Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W100018 |
Shareholding
The shareholding of Visen Industries 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 Visen Industries Limited, buy the company report.
Charges & borrowings
Open charges
₹655.52 Cr
Satisfied charges
₹1,513.62 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2023 | 100741668 | Others | ₹70 Cr | Open | |
| 11 Nov 2022 | 100650084 | Hdfc Bank Limited | ₹10.85 Cr | Open | |
| 17 Sep 2021 | 100479304 | Others | ₹7.71 Cr | Open | |
| 28 Mar 2018 | 100168454 | The South Indian Bank Limited | ₹5 Cr | Open | |
| 05 Oct 2016 | 100076392 | Others | ₹11.96 Cr | Open |
To see the full charge records of Visen Industries Limited, buy the company report.
Total charge records: 33 View all charges
Deals & funding
Visen Industries Limited has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹124.52 Cr; the latest was in December 2018.
Total deals
9
Secondary share transfers
5
Funding rounds
4
Disclosed funding
₹124.52 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: The Carlyle Group, 3 individuals |
| Aug 2015 | Secondary share transfer | Undisclosed | Seller: The Carlyle Group, 3 individuals |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: The Carlyle Group, 3 individuals |
| Dec 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2011 | Funding round | ₹54.6 Lakh | Investors: Visen Marketing Private Limited |
To see the full deal history of Visen Industries 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
Visen Industries Limited has 94 court cases on record: 77 filed by Visen Industries, 17 filed against it. 20 cases are pending and 74 are disposed.
Total cases
94
Filed by the company
77
Filed against the company
17
Pending
20
Disposed
74
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 61 | 11 | 15 |
| High courts | 29 | 6 | 3 |
| Supreme Court | 3 | 0 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 94)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Jubilant Life Sciences Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Sbro Tapes Private Limited and Ors and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by M/S. TPL Plastech Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Aghanta Paints Private Limited and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Jubilant Life Sciences Ltd | Pending |
To see the full case history of Visen Industries 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
Visen Industries Limited was last rated by Indiarating on 24 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 24 Dec 2021 |
To see the full credit ratings and regulatory alerts of Visen Industries Limited, buy the company report.
MSME payment delays
Visen Industries Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 230 overdue payments to 30 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 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Boisur Chemicals Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Chemrich | |||
| an individual supplier |
To see the full MSME payment records of Visen Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Visen Industries has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Visen Industries Limited has a workforce of 356 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
Employee count
356
Active EPFO establishments
2
Employee growth
-2.73%
GST
Visen Industries has 9 GST registrations: 7 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
7
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV1768K1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 27AAACV1768K2ZY | Maharashtra | Active | 07 Jul 2017 |
| 07AAACV1768K1Z1 | Delhi | Active | 01 Jul 2017 |
| 24AAACV1768K1Z5 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Visen Industries Limited, buy the company report.
Recent activity
Visen Industries Limited has 18 board changes on record since 2009: 5 appointments and 13 cessations. The latest: Sangameshwar Ramnarayan Iyer was appointed as Additional Director on 04 Oct 2025.
AGM
Visen Industries Limited last Annual general meeting of members was held on 30 Oct 2025 as per latest MCA records.
Appointed
Sangameshwar Ramnarayan Iyer was appointed as Additional Director.
Ceased
Vivek Thakur ceased to be CFO.
Ceased
Ashok Rao ceased to be Director.
Charges
A charge with The South Indian Bank Limited of Rs. 5.00 Cr registered on 28 Mar 2018 with Charge ID 100168454 was modified on 01 Oct 2024.
Charges
A charge with Others of Rs. 11.96 Cr registered on 05 Oct 2016 with Charge ID 100076392 was modified on 21 Aug 2024.
Filing
Visen Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others of Rs. 70.00 Cr registered on 22 Jun 2023 with Charge ID 100741668 was modified on 18 Nov 2023.
Charges
A charge registered on 29 Nov 2022 via Charge ID 100656296 with State Bank Of India was fully satisfied on 04 Sep 2023.
Charges
A charge with Others of Rs. 550.00 Cr registered on 20 Aug 2015 with Charge ID 10588153 was modified on 10 Jul 2023.
Charges
A charge with Others amounted to Rs. 70.00 Cr with Charge ID 100741668 was registered on 22 Jun 2023.
Charges
A charge with State Bank Of India amounted to Rs. 110.00 Cr with Charge ID 100656296 was registered on 29 Nov 2022.
85 earlier events are in the company report.
Frequently asked questions
Visen Industries is an active public 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 September 1985 (41+ years old) and is registered under CIN U24100MH1985PLC037350.
Visen Industries has 5 current directors:
- Vijayasankaran Anjilikattu Sivaraman Nair - Managing Director
- Cherry Vijay Nair - Whole-Time Director
- Louis Zacharias - Director
- Rohnit Nair - Director
- Sangameshwar Ramnarayan Iyer - Additional Director
The latest financial statements of Visen Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Visen Industries is 27AAACV1768K1ZZ, registered in Maharashtra. The company has 9 GST registrations in all, of which 7 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACV1768K2ZY (Maharashtra), 07AAACV1768K1Z1 (Delhi), 24AAACV1768K1Z5 (Gujarat).
The CIN (Corporate Identification Number) of Visen Industries is U24100MH1985PLC037350. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Visen Industries has 94 court cases on record: 77 filed by the company and 17 filed against it. 20 are pending. Most are in the district courts.
Visen Industries was incorporated on 03 September 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Visen Industries has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹124.52 Cr; the latest was in December 2018.
The peers of Visen Industries by revenue are Berger Paints India Limited, JSW Dulux Limited, PPG Asian Paints Private Limited, JSW Paints Limited, Indigo Paints Limited and 3 more, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Sangameshwar Ramnarayan Iyer was appointed as Additional Director on 04 Oct 2025. Vivek Thakur ceased to be CFO on 13 Jun 2025. Ashok Rao ceased to be Director on 31 Mar 2025. Visen Industries has 18 board changes on record in total.
Visen Industries has 13 MSME Form 1 returns on record between 2019 and 2024, listing 230 overdue payments to 30 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Visen Industries can be reached through the website visen.net. Its registered office is in Mumbai, Maharashtra, India.