About Witmans Industries Private Limited
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Witmans Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 01 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH2011PTC215664. Its GSTIN is 27AABCW0783E1ZD (Maharashtra). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10.71 Cr. It is led by directors Rajendra Ramlal Saini and Ravi Ramlalsingh Saini.
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 205/206 Kalpataru Plaza Chincholi Bunder Off S V Road Malad West, Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2025, the company reported a revenue of ₹542.5 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹14.83 Cr (net margin 2.7%) and EBITDA of ₹33.48 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years.
The company has about 171 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Witmans. As per MCA filings, the company has open charges of ₹126.49 Cr and satisfied charges of ₹10.33 Cr on record. Court records list 21 cases involving the company, including 18 filed by the company and 3 filed against it; 6 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹1 Cr; the latest was in April 2012. Its 5 peer companies in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products) are compared by revenue, 4 larger and 1 smaller; the largest is Mehta Petro-Refineries Ltd with revenue of ₹601.53 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 597 overdue payments to 89 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 witmansgroup.com.
Company details
Contact details
Witmans Industries Private Limited's registered office is in Mumbai, Maharashtra. Its website is witmansgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address205/206 Kalpataru Plaza Chincholi Bunder Off S V Road Malad West, Mumbai, Maharashtra, India – 400064
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Witmans Industries 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
Witmans Industries operates one associated brand: Witmans. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer specializing in production of performance lubricants, plasticizers, and specialty coatings for various industries | witmansgroup.com |
Business activity
The main business activity of Witmans Industries is manufacturing. In detail, this covers coke and refined petroleum products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C5 | Coke and refined petroleum products |
To see the full business activity and turnover split of Witmans Industries Private Limited, buy the company report.
Financials of Witmans Industries Private Limited
FY 2024 filings availableWitmans Industries Private Limited reported revenue of ₹542.5 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 18% 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 | ₹33.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.83 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 | 6.2% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Witmans Industries Private Limited, buy the company report.
Board of directors of Witmans Industries Private Limited
Witmans Industries has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Ramlal Saini Also directs: Witmans Advanced Fluids Private Limited | Director | 01 Apr 2011 | 15 Years 7 Months | Current |
| Ravi Ramlalsingh Saini | Director | 01 Apr 2011 | 15 Years 7 Months | Current |
Peer comparison
Witmans Industries Private Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mehta Petro-Refineries Ltd | ₹601.53 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| Siddharth Grease & Lubes Private Limited | ₹599.16 Cr (FY 2025) | -6.0% | New Delhi, Delhi, India | |||
| Classic Bitumen Private Limited | ₹559.29 Cr (FY 2025) | 204.0% | Chandigarh, India | |||
| Tiki Tar and Shell India Private Limited | ₹545.16 Cr (FY 2025) | 72.0% | Mumbai, Maharashtra, India | |||
| Witmans Industries Private Limitedthis company | ₹542.5 Cr (FY 2025) | ₹14.83 Cr | 2.7% | -5.0% | 171 | Mumbai, Maharashtra, India |
| Goa Carbon Limited | ₹519.84 Cr (FY 2025) | -51.0% | Goa, India |
To see the full peer comparison of Witmans Industries Private Limited, buy the company report.
Auditor
Witmans Industries Private Limited is audited by B.P.SHAH & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.P.SHAH & CO | FY 2024 | 109517W |
Shareholding
The shareholding of Witmans Industries 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 Witmans Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Oct 2024 | 101009329 | Others | ₹10 Cr | Open | |
| 27 Dec 2022 | 100669141 | Hdfc Bank Limited | ₹48 Lakh | Open | |
| 09 Feb 2022 | 100535519 | Axis Bank Limited | ₹12.32 Cr | Open | |
| 19 Jul 2019 | 100284718 | Hdfc Bank Limited | ₹50 Cr | Open | |
| 30 May 2011 | 10290773 | State Bank of India | ₹53.69 Cr | Open |
To see the full charge records of Witmans Industries Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Witmans Industries Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹1 Cr; the latest was in April 2012.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2012 | Funding round | ₹1 Cr | Investors: Witmans Petrochem Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Witmans Industries Private Limited has 21 court cases on record: 18 filed by Witmans Industries, 3 filed against it. 6 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 0 | 3 |
| NCLAT | 4 | 2 | 3 |
| NCLT | 3 | 0 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Chemical Corp Pvt. Ltd | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against B M G Chemicals Private Limited and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against B M G Chemicals Private Limited and 1 other | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed by the company against B M G Chemicals Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against H S Polymers Private Limited and 5 Others | Pending |
To see the full case history of Witmans Industries 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
Witmans Industries Private Limited was last rated by Icra on 30 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Aug 2020 |
To see the full credit ratings and regulatory alerts of Witmans Industries Private Limited, buy the company report.
MSME payment delays
Witmans Industries Private Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 597 overdue payments to 89 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 89)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rank Additives Private Limited | |||
| an individual supplier | |||
| D R Coats Ink and Resins Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Witmans Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Witmans Industries Private Limited has a workforce of 171 employees on its EPFO records as of Apr 08, 2025, across 1 active EPFO establishment.
GST
Witmans Industries has 6 GST registrations: 4 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCW0783E1ZD | Maharashtra | Active | 01 Jul 2017 |
| 27AABCW0783E2ZC | Maharashtra | Active | 21 Sep 2017 |
| 26AABCW0783E2ZE | Daman & Diu | Active | 01 Aug 2020 |
| 24AABCW0783E1ZJ | Gujarat | Active | 20 Aug 2021 |
To see the full GST registrations and return filing status of Witmans Industries Private Limited, buy the company report.
Recent activity
Witmans Industries Private Limited has 2 board changes on record since 2011: 2 appointments. The latest: Rajendra Ramlal Saini was appointed as Director on 01 Apr 2011.
4 earlier events are in the company report.
Frequently asked questions
Witmans Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 01 April 2011 (15+ years old) and is registered under CIN U24100MH2011PTC215664.
Witmans Industries has 2 current directors:
- Rajendra Ramlal Saini - Director
- Ravi Ramlalsingh Saini - Director
The latest financial statements of Witmans Industries 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 Witmans Industries is 27AABCW0783E1ZD, registered in Maharashtra. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 27AABCW0783E2ZC (Maharashtra), 26AABCW0783E2ZE (Daman & Diu), 24AABCW0783E1ZJ (Gujarat).
The CIN (Corporate Identification Number) of Witmans Industries is U24100MH2011PTC215664. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Witmans Industries has 21 court cases on record: 18 filed by the company and 3 filed against it. 6 are pending. Most are in the district courts.
Witmans Industries was incorporated on 01 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Witmans Industries has 1 deal on record (1 funding round), with disclosed funding of ₹1 Cr; the latest was in April 2012.
The peers of Witmans Industries by revenue are Mehta Petro-Refineries Ltd, Siddharth Grease & Lubes Private Limited, Classic Bitumen Private Limited, Tiki Tar and Shell India Private Limited, Goa Carbon Limited, all in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products).
Rajendra Ramlal Saini was appointed as Director on 01 Apr 2011. Ravi Ramlalsingh Saini was appointed as Director on 01 Apr 2011.
Witmans Industries has 13 MSME Form 1 returns on record between 2019 and 2024, listing 597 overdue payments to 89 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Witmans Industries can be reached through the website witmansgroup.com. Its registered office is in Mumbai, Maharashtra, India.
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