MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-03-0001284
Xchem Polymers India Private Limited - chemicals and materials in Valsad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹60.56 Cr
▲ 13% YoY
Net profit · FY 2025
₹3.37 Cr
Net margin 5.6%
EBITDA · FY 2025
₹5.25 Cr
EBITDA margin 8.7%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹2.09 Cr
Issued & subscribed
Open charges
₹5.84 Cr
Satisfied ₹3.81 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
76
Provident fund records
About Xchem Polymers India Private Limited
Data last updated:
Xchem Polymers India Private Limited is a private limited company based in Valsad, Gujarat, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 06 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24290GJ2012PTC121034. Its GSTIN is 24AARCS7091R1Z9 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.09 Cr. It was formerly known as Sspl Polymers Private Limited. It is led by directors including Ritesh Mehta Vinodbhai and Khalid Kamal Usmani.
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 Plot No 10 Survey No 333 P1 Balda Industrial Park GIDC Killa Pardi, Valsad, Gujarat, India – 396125.
As per the financials filed for FY 2025, the company reported a revenue of ₹60.56 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹3.37 Cr (net margin 5.6%) and EBITDA of ₹5.25 Cr (EBITDA margin 8.7%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 25% over five years.
The company has about 76 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.84 Cr and satisfied charges of ₹3.81 Cr on record. Court records list 16 cases involving the company, including 16 filed by the company; 9 cases are pending.
Xchem Polymers India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-03-0001284). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website xchemindia.com.
Company details
CIN U24290GJ2012PTC121034
Registration Number 121034
Incorporation Date 06 July 2012
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 Medium
Udyam Registration UDYAM-DL-03-0001284
CIN history
Xchem Polymers India has one previous CIN (Corporate Identification Number): U24290DL2012PTC238505. The current CIN is U24290GJ2012PTC121034, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24290GJ2012PTC121034 | Current |
| U24290DL2012PTC238505 | Previous |
Key People
Ritesh Mehta Vinodbhai Director Khalid Kamal Usmani Director Mahendra Purusottam Sharma Director Recognitions & Rankings of Xchem Polymers India
Contact details
Xchem Polymers India Private Limited's registered office is in Valsad, Gujarat. Its website is xchemindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 10 Survey No 333 P1 Balda Industrial Park GIDC Killa Pardi, Valsad, Gujarat, India – 396125
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Xchem Polymers India Private Limited, buy the company report.
Comprehensive company report
Xchem Polymers India Private 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Xchem Polymers India 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 Xchem Polymers India Private Limited, buy the company report.
Financials of Xchem Polymers India Private Limited
FY 2025 filings availableXchem Polymers India Private Limited reported revenue of ₹60.56 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹60.56 Cr ▲ 13%
Net profit · FY 2025
₹3.37 Cr margin 5.6%
EBITDA · FY 2025
₹5.25 Cr margin 8.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 27%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 59%
5 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 13% growth in the latest year. EBITDA rose 33% 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 | ₹5.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.37 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 | 8.7% | ||||
| Net Profit Margin | 5.6% | ||||
| 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 Xchem Polymers India Private Limited, buy the company report.
Board of directors of Xchem Polymers India Private Limited
Xchem Polymers India has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Mehta Vinodbhai Also directs: Setco Inks Private Limited | Director | 18 Aug 2018 | 8 Years 2 Months | Current |
| Khalid Kamal Usmani | Director | 06 Jul 2012 | 14 Years 4 Months | Current |
| Mahendra Purusottam Sharma Also directs: Metasys Industries Private Limited | Director | 20 May 2016 | 10 Years 5 Months | Current |
Peer comparison
Xchem Polymers India Private Limited is compared with the 4 companies closest to it by revenue in the Chemicals industry (Polymers, Specialty Chemicals), 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 |
|---|---|---|---|---|---|---|
| Krishna Conchem Products Private Limited | ₹60.9 Cr (FY 2025) | -23.0% | Thane, Maharashtra, India | |||
| Deva Drill-Tech India Limited | ₹60.75 Cr (FY 2024) | -18.0% | Raigad, Maharashtra, India | |||
| Xchem Polymers India Private Limitedthis company | ₹60.56 Cr (FY 2025) | ₹3.37 Cr | 5.6% | 13.0% | 76 | Valsad, Gujarat, India |
| Dhoop Chem (India) P Ltd | ₹60.55 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Shreenath Fine Chem (India) Private Limited | ₹60.52 Cr (FY 2025) | 27.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Xchem Polymers India Private Limited, buy the company report.
Auditor
Xchem Polymers India Private Limited is audited by VINOD GOYAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINOD GOYAL & ASSOCIATES | FY 2023 | 023666N |
Shareholding
The shareholding of Xchem Polymers 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 Xchem Polymers India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.84 Cr
Satisfied charges
₹3.81 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Aug 2023 | 100771087 | Axis Bank Limited | ₹10.01 Lakh | Open | |
| 21 Feb 2022 | 100553853 | Axis Bank Limited | ₹2.87 Cr | Open | |
| 01 Nov 2021 | 100502876 | Axis Bank Limited | ₹2.87 Cr | Open | |
| 20 Feb 2019 | 100252668 | Others | ₹3.19 Cr | Satisfied | |
| 30 Sep 2013 | 10451779 | Icici Bank Limited | ₹62 Lakh | Satisfied |
To see the full charge records of Xchem Polymers India Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Xchem Polymers India Private Limited has 16 court cases on record: 16 filed by Xchem Polymers India. 9 cases are pending and 7 are disposed.
Total cases
16
Filed by the company
16
Pending
9
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 0 | 9 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Court case (CR EN) | Filed by the company against CKS Chemicals Pvt Ltd and 1 other | Pending |
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against Progessive Green Infra Pvt Ltd and 2 others | Disposed |
| District court, Valsad, Gujarat | Court case (CR EN) | Filed by the company against Navneet Mishra Prop of K K Enterprises | Pending |
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against Sharad Sing Prop of Maruti Services | Pending |
| District court, Valsad, Gujarat | Court case (CR EN) | Filed by the company against Ram Kishor Gupta Prop of Shiv Trading Company | Pending |
To see the full case history of Xchem Polymers India 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Xchem Polymers India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Xchem Polymers India Private Limited has a workforce of 76 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
76
Active EPFO establishments
1
Employee growth
8.57%
GST
Xchem Polymers India has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AARCS7091R1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Xchem Polymers India Private Limited, buy the company report.
Recent activity
Xchem Polymers India Private Limited has 7 board changes on record since 2012: 3 appointments and 4 cessations. The latest: Ritesh Mehta Vinodbhai ceased to be Additional Director on 29 Sep 2018.
AGM
Xchem Polymers India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Xchem Polymers India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.10 Cr with Charge ID 100771087 was registered on 18 Aug 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 2.87 Cr with Charge ID 100553853 was registered on 21 Feb 2022.
Charges
A charge registered on 20 Feb 2019 via Charge ID 100252668 with Others was fully satisfied on 16 Dec 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 2.87 Cr with Charge ID 100502876 was registered on 01 Nov 2021.
Charges
A charge with Others of Rs. 3.19 Cr registered on 20 Feb 2019 with Charge ID 100252668 was modified on 16 Apr 2021.
Charges
A charge registered on 30 Sep 2013 via Charge ID 10451779 with Icici Bank Limited was fully satisfied on 19 Oct 2020.
Charges
A charge with Others amounted to Rs. 3.19 Cr with Charge ID 100252668 was registered on 20 Feb 2019.
Ceased
Ritesh Mehta Vinodbhai ceased to be Additional Director.
Ceased
Vikesh Mehta Navinchandra ceased to be Additional Director.
Appointed
Ritesh Mehta Vinodbhai was appointed as Director.
6 earlier events are in the company report.
Frequently asked questions
Xchem Polymers India is an active private limited company based in Valsad, Gujarat, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 06 July 2012 (14+ years old) and is registered under CIN U24290GJ2012PTC121034.
Xchem Polymers India has 3 current directors:
- Ritesh Mehta Vinodbhai - Director
- Khalid Kamal Usmani - Director
- Mahendra Purusottam Sharma - Director
The latest financial statements of Xchem Polymers India 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 Xchem Polymers India is 24AARCS7091R1Z9, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Xchem Polymers India is U24290GJ2012PTC121034. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xchem Polymers India has 16 court cases on record: 16 filed by the company. 9 are pending.
Xchem Polymers India was incorporated on 06 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Xchem Polymers India by revenue are Krishna Conchem Products Private Limited, Deva Drill-Tech India Limited, Dhoop Chem (India) P Ltd, Shreenath Fine Chem (India) Private Limited, all in the Chemicals industry (Polymers, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Ritesh Mehta Vinodbhai ceased to be Additional Director on 29 Sep 2018. Vikesh Mehta Navinchandra ceased to be Additional Director on 29 Sep 2018. Ritesh Mehta Vinodbhai was appointed as Director on 18 Aug 2018. Xchem Polymers India has 7 board changes on record in total.
Yes, Xchem Polymers India is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-03-0001284).
Xchem Polymers India can be reached through the website xchemindia.com. Its registered office is in Valsad, Gujarat, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages