ZCL Chemicals Limited - pharma in Mumbai, Maharashtra, India. Directors, charges & compliance details.
CIN U24100MH1991PLC060748 Incorporated 13 March 1991 ROC Mumbai HQ Mumbai, Maharashtra, India
Merged Public Limited Company pharma
Data last updated
Revenue · FY 2023
₹417.9 Cr
▲ 8% YoY
Net profit · FY 2023
₹122.81 Cr
Net margin 29.4%
EBITDA · FY 2023
₹161.58 Cr
EBITDA margin 38.7%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹9.06 Cr
Issued & subscribed
Satisfied charges
₹124.52 Cr
No open charges
Company age
35 yrs
Est. 1991
Employees · EPFO
346
Provident fund records

About ZCL Chemicals Limited

Data last updated:

ZCL Chemicals Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Jusmiral Holdings Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 13 March 1991.

The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH1991PLC060748. Its GSTIN is 27AAACZ0293R2ZM (Maharashtra). The company held 4 GST registrations, of which 3 are active.

The company had an authorised share capital of ₹15 Cr and a paid-up capital of ₹9.06 Cr. It was formerly known as Zandu Chemicals Limited and Zandu Chemicals Private Limited. It was led by directors including Sunil Govind Uttarwar (Managing Director) and Shweta Jalan.

Its last annual general meeting (AGM) was held on 21 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.

As per the financials filed for FY 2023, the company reported a revenue of ₹417.9 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹122.81 Cr (net margin 29.4%) and EBITDA of ₹161.58 Cr (EBITDA margin 38.7%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 18% over five years.

The company had about 346 employees on its provident fund (EPFO) records before it was dissolved.

The company was associated with 1 brand: ZCL Chemicals. As per MCA filings, the company had satisfied charges of ₹124.52 Cr on record. Court records list 113 cases involving the company, including 20 filed by the company and 94 filed against it; 1 case is pending. The company has 17 deals on record (12 secondary share transfers, 5 funding rounds), with disclosed funding of ₹168.71 Cr; the latest was in August 2022. Its 10 peer companies in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 5 smaller; the largest is Smilax Laboratories Limited with revenue of ₹206.57 Cr. The company has 13 MSME Form 1 returns on record between 2016 and 2023, listing 95 overdue payments to 34 micro and small suppliers.

The last known website on record is zclchemicals.com.

Company details

CIN U24100MH1991PLC060748
Registration Number 060748
Incorporation Date 13 March 1991
ROC Mumbai
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 21 August 2023
Date of Balance Sheet 31 March 2023
Parent Company Jusmiral Holdings Limited
Compliance Status Active Compliant

Name history

ZCL Chemicals has undergone 2 name changes throughout its history. The company was previously known as Zandu Chemicals Limited, and Zandu Chemicals Private Limited. The current legal name is Zcl Chemicals Limited.

Company NameStatus
ZCL Chemicals LimitedCurrent
Zandu Chemicals LimitedPrevious
Zandu Chemicals Private LimitedPrevious

Contact details

ZCL Chemicals Limited's registered office is in Mumbai, Maharashtra. Its website is zclchemicals.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    215 Atrium C Wing 8th Floor 819/821 Andheri Kurla Road Chakala Andheri Eas, T, Mumbai, Maharashtra, India – 400093
  • Industry
    Pharma, API Manufacturers

To see the full contact details of ZCL Chemicals Limited, buy the company report.

Comprehensive company report
ZCL Chemicals 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

ZCL Chemicals operates one associated brand: ZCL Chemicals. Each brand links to its own profile.

BrandDescriptionWebsite
Intermediates and APIs for pharmaceuticals are manufactured and exported.zclchemicals.com

Business activity

The main business activity of ZCL Chemicals is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of ZCL Chemicals Limited, buy the company report.

Financials of ZCL Chemicals Limited

FY 2023 filings available

ZCL Chemicals Limited reported revenue of ₹417.9 Cr (up 8% YoY) for FY 2023.

Revenue · FY 2023
₹417.9 Cr ▲ 8%
Net profit · FY 2023
₹122.81 Cr margin 29.4%
EBITDA · FY 2023
₹161.58 Cr margin 38.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 14%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 31%
5 years · compounded
▲ 33%

Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 8% growth in the latest year. EBITDA rose 15% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹417.9 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹161.58 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹122.81 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin38.7%
Net Profit Margin29.4%
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 ZCL Chemicals Limited, buy the company report.

Board of directors of ZCL Chemicals Limited

ZCL Chemicals has 7 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Shweta JalanDirector09 Mar 20215 Years 8 MonthsAs last reported
Abhijit Mangalmoy MukherjeeDirector09 Mar 20215 Years 8 MonthsAs last reported
Jayant Bhalchandra ManmadkarDirector26 Jul 20215 Years 3 MonthsAs last reported
Sunil Govind UttarwarManaging Director15 Jun 20233 Years 4 MonthsAs last reported
Pankaj PatwariDirector09 Mar 20215 Years 8 MonthsAs last reported
Anil Kumar ChananaDirector16 Dec 20214 Years 10 MonthsAs last reported
Showing 6 of 7 current directors. View all directors

Peer comparison

ZCL Chemicals Limited is compared with the 10 companies closest to it by revenue in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
ZCL Chemicals Limitedthis company₹417.9 Cr (FY 2023)₹122.81 Cr29.4%8.0%346Mumbai, Maharashtra, India
Smilax Laboratories Limited₹206.57 Cr (FY 2025)-25.0%Hyderabad, Telangana, India
Swati Spentose Private Limited₹205.55 Cr (FY 2024)11.0%Mumbai, Maharashtra, India
Sharon Bio-Medicine Limited₹204.22 Cr (FY 2025)-20.0%Panvel, Maharashtra, India
Orch Laboratories India Private Limited₹203 Cr (FY 2025)5.0%Hyderabad, Telangana, India
Melody Healthcare Private Limited₹200.91 Cr (FY 2025)16.0%Mumbai, Maharashtra, India
Shree Jee Laboratory Private Limited₹198.78 Cr (FY 2024)-2.0%New Delhi, Delhi, India
Daffodil Pharmachem Private Limited₹196.29 Cr (FY 2025)-27.0%Ahmedabad, Gujarat, India
Apicore Pharmaceuticals Private Limited₹194.79 Cr (FY 2024)54.0%Padra, Gujarat, India
Vindhya Organics Private Limited₹193.92 Cr (FY 2025)4.0%Bollaram, Telangana, India
RV Lifesciences Limited₹192.9 Cr (FY 2025)249.0%Aurangabad, Maharashtra, India

To see the full peer comparison of ZCL Chemicals Limited, buy the company report.

Auditor

ZCL Chemicals Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
S.R. Batliboi & Associates LLPFY 2023101049W/E300004

Shareholding

The shareholding of ZCL Chemicals 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of ZCL Chemicals Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹124.52 Cr
Breakdown by lending institutions
Corporation Bank₹46.69 Cr
State Bank of India₹34.11 Cr
Export-Import Bank of India₹22.50 Cr
Bank of Baroda₹14.76 Cr
Citibank N. A.₹5.00 Cr
Others₹1.46 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Jul 201510591023State Bank of India₹10 CrSatisfied
23 Nov 201210396944Citibank N. A.₹5 CrSatisfied
23 Dec 201010263705State Bank of India₹24.11 CrSatisfied
09 Aug 201010235364Export-Import Bank of India₹7.5 CrSatisfied
03 Oct 200910181706Export-Import Bank of India₹15 CrSatisfied

To see the full charge records of ZCL Chemicals Limited, buy the company report.

Total charge records: 16 View all charges

Deals & funding

ZCL Chemicals Limited has 17 deals on record (12 secondary share transfers, 5 funding rounds), with disclosed funding of ₹168.71 Cr; the latest was in August 2022.

Total deals
17
Secondary share transfers
12
Funding rounds
5
Disclosed funding
₹168.71 Cr

Deals on record (5 of 17)

WhenDealAmountParties
Aug 2022Secondary share transferUndisclosedBuyer: Advent India PE Advisors
Seller: Tejal Merchantile Private Limited
Mar 2021Secondary share transferUndisclosedBuyer: Advent India PE Advisors, Jusmiral Holdings Limited & Justin Alexander Nuccio, Jusmiral Holdings Limited & Christakis Klerides
Seller: Tejal Merchantile Private Limited , Morgan Stanley Private Equity Asia, 2 individuals
Jun 2009Secondary share transferUndisclosedBuyer: an individual
Seller: Zandu Realty Limited
Mar 2009Secondary share transferUndisclosedBuyer: an individual
Seller: Zandu Realty Limited
Feb 2009Funding round₹3.5 CrInvestors: Tejal Merchantile Private Limited , an individual

To see the full deal history of ZCL Chemicals Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

ZCL Chemicals Limited was last rated by Care on 17 Oct 2022.

Rating agencyRated onRating
Care17 Oct 2022

To see the full credit ratings and regulatory alerts of ZCL Chemicals Limited, buy the company report.

MSME payment delays

ZCL Chemicals Limited has 13 MSME Form 1 returns on record between 2016 and 2023, listing 95 overdue payments to 34 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 34)

SupplierAmount dueDue sinceReported on
D-Valve Engineers India Private Limited
Aryan Electricals Private Limited
an individual supplier
Metrix Engineers
Bio Clean Turnkey Solutions Private Limited

To see the full MSME payment records of ZCL Chemicals Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

ZCL Chemicals Limited has a workforce of 346 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.

Employee count
346
Active EPFO establishments
2
Employee growth
-4.42%

GST

ZCL Chemicals has 4 GST registrations: 3 active and 1 cancelled or inactive.

Total GSTINs
4
Active
3
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAACZ0293R2ZMMaharashtraActive08 Jul 2017
27AAACZ0293R3ZLMaharashtraActive11 Nov 2019
24AAACZ0293R1ZTGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of ZCL Chemicals Limited, buy the company report.

Recent activity

ZCL Chemicals Limited has 35 board changes on record since 2008: 7 appointments and 28 cessations. The latest: Sunil Govind Uttarwar was appointed as Managing Director on 15 Jun 2023.

Charges
A charge registered on 27 Jul 2015 via Charge ID 10591023 with State Bank Of India was fully satisfied on 18 Dec 2023.
AGM
Zcl Chemicals Limited last Annual general meeting of members was held on 21 Aug 2023 as per latest MCA records.
Appointed
Sunil Govind Uttarwar was appointed as Managing Director.
Ceased
Sunil Govind Uttarwar ceased to be Additional Director.
Filing
Zcl Chemicals Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Ceased
Anil Kumar Chanana ceased to be Additional Director.
Ceased
Nihar Parikh Ajay ceased to be Director.
Appointed
Anil Kumar Chanana was appointed as Director.
Ceased
Jayesh Tulsidas Merchant ceased to be Director.
Ceased
Jayant Bhalchandra Manmadkar ceased to be Additional Director.
Appointed
Jayant Bhalchandra Manmadkar was appointed as Director.
Appointed
Abhijit Mangalmoy Mukherjee was appointed as Director.

68 earlier events are in the company report.

Frequently asked questions

ZCL Chemicals has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.

ZCL Chemicals was a public limited company based in Mumbai, Maharashtra, India. The company worked in api manufacturers, within the pharma industry. It was incorporated on 13 March 1991 and is registered under CIN U24100MH1991PLC060748. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

ZCL Chemicals was incorporated on 13 March 1991. It is registered with the Registrar of Companies, Mumbai.

ZCL Chemicals had 7 directors:

The CIN (Corporate Identification Number) of ZCL Chemicals is U24100MH1991PLC060748. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of ZCL Chemicals is at 215 Atrium C Wing 8th Floor 819821 Andheri Kurla Road Chakala Andheri Eas, T, Mumbai, Maharashtra, India – 400093.

ZCL Chemicals can be reached through the website zclchemicals.com. Its registered office is in Mumbai, Maharashtra, India.

The latest financial statements of ZCL Chemicals on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 21 August 2023. Year-wise statements from 2015 are in the company report.

The GSTIN of ZCL Chemicals is 27AAACZ0293R2ZM, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACZ0293R3ZL (Maharashtra), 24AAACZ0293R1ZT (Gujarat).

ZCL Chemicals operated in the pharma industry, in the api manufacturers segment.

ZCL Chemicals has 17 deals on record (12 secondary share transfers, 5 funding rounds), with disclosed funding of ₹168.71 Cr; the latest was in August 2022.

The peers of ZCL Chemicals by revenue are Smilax Laboratories Limited, Swati Spentose Private Limited, Sharon Bio-Medicine Limited, Orch Laboratories India Private Limited, Melody Healthcare Private Limited and 5 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).