About Westlake Epoxy India Private Limited
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Westlake Epoxy India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Westlake Epoxy Inc. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 23 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120KA2011FTC175661. Its GSTIN is 29AAHCM3547N1ZU (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹7.6 Lakh. It was formerly known as Hexion Specialty Chemicals (Mumbai) Private Limited and Momentive Specialty Chemicals (Mumbai) Private Limited. It is led by directors including Arnoldus Wilhelmus Maria Mertens and Saugata Chowdhury.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6th Floor Shilpa Ananya Tech Park, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹95.94 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.83 Cr (net margin 4%) and EBITDA of ₹6.15 Cr (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 114% over three years.
The company has about 64 employees on its provident fund (EPFO) records.
The company has 1 deal on record (1 secondary share transfer); the latest was in March 2015. The company has 7 MSME Form 1 returns on record between 2020 and 2024, listing 29 overdue payments to 12 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 hexion.com.
Company details
Name history
Westlake Epoxy India has undergone 2 name changes throughout its history. The company was previously known as Hexion Specialty Chemicals (Mumbai) Private Limited, and Momentive Specialty Chemicals (Mumbai) Private Limited. The current legal name is Westlake Epoxy India Private Limited.
| Company Name | Status |
|---|---|
| Westlake Epoxy India Private Limited | Current |
| Hexion Specialty Chemicals (Mumbai) Private Limited | Previous |
| Momentive Specialty Chemicals (Mumbai) Private Limited | Previous |
CIN history
Westlake Epoxy India has one previous CIN (Corporate Identification Number): U74120MH2011FTC213947. The current CIN is U74120KA2011FTC175661, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74120KA2011FTC175661 | Current |
| U74120MH2011FTC213947 | Previous |
Contact details
Westlake Epoxy India Private Limited's registered office is in Bangalore, Karnataka. Its website is hexion.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSy No 8 (P) 6th Floor Shilpa Ananya Tech Park, Electronic City (West Phase) Konappana Agrahara, Bangalore, Karnataka, India – 560100
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Westlake Epoxy India 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
Business activity
The main business activities of Westlake Epoxy India are administrative and support service activities and wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers office administrative, office support and other business support activities and wholesale trade, except of motor vehicles and motorcycles. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Administrative and support service activities | 82 | Office administrative, office support and other business support activities | |
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Westlake Epoxy India Private Limited, buy the company report.
Financials of Westlake Epoxy India Private Limited
FY 2025 filings availableWestlake Epoxy India Private Limited reported revenue of ₹95.94 Cr (up 346% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 114% over three years, including 346% growth in the latest year. EBITDA rose 236% 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 | ₹6.15 Cr | ||||
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| Net Profit (PAT) | ₹3.83 Cr | ||||
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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 | 6.4% | ||||
| Net Profit Margin | 4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Westlake Epoxy India Private Limited, buy the company report.
Board of directors of Westlake Epoxy India Private Limited
Westlake Epoxy India has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arnoldus Wilhelmus Maria Mertens | Director | 23 Feb 2011 | 15 Years 8 Months | Current |
| Saugata Chowdhury | Director | 07 Aug 2018 | 8 Years 3 Months | Current |
| Mark Steven Bender | Director | 01 Mar 2022 | 4 Years 8 Months | Current |
| Jeffrey Adam Holy | Director | 30 Jul 2024 | 2 Years 3 Months | Current |
Auditor
Westlake Epoxy India Private Limited is audited by PRICE WATERHOUSE & CO CHARTERED ACCOUNTANTS LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRICE WATERHOUSE & CO CHARTERED ACCOUNTANTS LLP | FY 2023 | 304026E/E-300009 |
Shareholding
The shareholding of Westlake Epoxy India Private 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 Westlake Epoxy India Private Limited, buy the company report.
Deals & funding
Westlake Epoxy India Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2015.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Hexion Holding BV Seller: Momentive Specialty Chemicals Holding BV |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Westlake Epoxy India Private Limited 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
Westlake Epoxy India Private Limited has 7 MSME Form 1 returns on record between 2020 and 2024, listing 29 overdue payments to 12 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 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Inertiacart Apparel Private Limited | |||
| an individual supplier | |||
| Innersight Counselling & Training Centre LLP | |||
| Maldeep Catalysts Private Limited | |||
| Rurban Logistics & Transportationtech (India) Private Limited |
To see the full MSME payment records of Westlake Epoxy India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Westlake Epoxy India Private Limited has a workforce of 64 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Westlake Epoxy India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCM3547N1ZU | Karnataka | Active | 01 Jul 2017 |
| 27AAHCM3547N1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Westlake Epoxy India Private Limited, buy the company report.
Recent activity
Westlake Epoxy India Private Limited has 17 board changes on record since 2011: 4 appointments and 13 cessations. The latest: Jeffrey Adam Holy ceased to be Additional Director on 29 Sep 2024.
8 earlier events are in the company report.
Frequently asked questions
Westlake Epoxy India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 23 February 2011 (15+ years old) and is registered under CIN U74120KA2011FTC175661.
Westlake Epoxy India has 4 current directors:
- Arnoldus Wilhelmus Maria Mertens - Director
- Saugata Chowdhury - Director
- Mark Steven Bender - Director
- Jeffrey Adam Holy - Director
The latest financial statements of Westlake Epoxy India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Westlake Epoxy India is 29AAHCM3547N1ZU, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAHCM3547N1ZY (Maharashtra).
The CIN (Corporate Identification Number) of Westlake Epoxy India is U74120KA2011FTC175661. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Westlake Epoxy India was incorporated on 23 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Westlake Epoxy India has 1 deal on record (1 secondary share transfer); the latest was in March 2015.
Jeffrey Adam Holy ceased to be Additional Director on 29 Sep 2024. Jeffrey Adam Holy was appointed as Director on 30 Jul 2024. Johnathan Stevan Zoeller ceased to be Additional Director on 25 Apr 2024. Westlake Epoxy India has 17 board changes on record in total.
Westlake Epoxy India has 7 MSME Form 1 returns on record between 2020 and 2024, listing 29 overdue payments to 12 micro and small suppliers. The latest return was filed on 18 Apr 2024.
Westlake Epoxy India can be reached through the website hexion.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Westlake Epoxy India is at Sy No 8 P 6th Floor Shilpa Ananya Tech Park, Electronic City West Phase Konappana Agrahara, Bangalore, Karnataka, India – 560100.
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