About ZCL Chemicals Limited
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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
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 Name | Status |
|---|---|
| ZCL Chemicals Limited | Current |
| Zandu Chemicals Limited | Previous |
| Zandu Chemicals Private Limited | Previous |
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
- Website
- Social Media
- Registered Address215 Atrium C Wing 8th Floor 819/821 Andheri Kurla Road Chakala Andheri Eas, T, Mumbai, Maharashtra, India – 400093
- IndustryPharma, API Manufacturers
To see the full contact details of ZCL Chemicals 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
ZCL Chemicals operates one associated brand: ZCL Chemicals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| 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 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 ZCL Chemicals Limited, buy the company report.
Financials of ZCL Chemicals Limited
FY 2023 filings availableZCL Chemicals Limited reported revenue of ₹417.9 Cr (up 8% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.7% | ||||
| Net Profit Margin | 29.4% | ||||
| 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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shweta Jalan Also directs: Cohance Lifesciences Limited, Coforge Limited, Modenik Lifestyle Private Limited and 1 more | Director | 09 Mar 2021 | 5 Years 8 Months | As last reported |
| Abhijit Mangalmoy Mukherjee | Director | 09 Mar 2021 | 5 Years 8 Months | As last reported |
| Jayant Bhalchandra Manmadkar | Director | 26 Jul 2021 | 5 Years 3 Months | As last reported |
| Sunil Govind Uttarwar | Managing Director | 15 Jun 2023 | 3 Years 4 Months | As last reported |
| Pankaj Patwari Also directs: Cohance Lifesciences Limited, Keimed Private Limited, Advent India Pe Advisors Private Limited and 1 more | Director | 09 Mar 2021 | 5 Years 8 Months | As last reported |
| Anil Kumar Chanana | Director | 16 Dec 2021 | 4 Years 10 Months | As last reported |
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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| ZCL Chemicals Limitedthis company | ₹417.9 Cr (FY 2023) | ₹122.81 Cr | 29.4% | 8.0% | 346 | Mumbai, 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 firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/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 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 ZCL Chemicals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2015 | 10591023 | State Bank of India | ₹10 Cr | Satisfied | |
| 23 Nov 2012 | 10396944 | Citibank N. A. | ₹5 Cr | Satisfied | |
| 23 Dec 2010 | 10263705 | State Bank of India | ₹24.11 Cr | Satisfied | |
| 09 Aug 2010 | 10235364 | Export-Import Bank of India | ₹7.5 Cr | Satisfied | |
| 03 Oct 2009 | 10181706 | Export-Import Bank of India | ₹15 Cr | Satisfied |
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.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: Advent India PE Advisors Seller: Tejal Merchantile Private Limited |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 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 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Zandu Realty Limited |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Zandu Realty Limited |
| Feb 2009 | Funding round | ₹3.5 Cr | Investors: 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.
Legal cases
ZCL Chemicals Limited has 113 court cases on record: 20 filed by ZCL Chemicals, 94 filed against it. 1 case is pending and 112 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 100 | 90 | 0 |
| High courts | 9 | 3 | 1 |
| NCLT | 4 | 1 | 0 |
Cases on record (5 of 113)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (BIFR) | Filed against the company by M/S. Zandu Chemicals Ltd | Pending |
| Bombay High Court | Court case (BIFR) | Filed by the company against M/S. Zandu Chemicals Ltd | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Michael Page International Recruitment Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Kairav Chemofarbe Industries Ltd | Disposed |
| NCLT, Mumbai | Court case (COMP.APPL) | Filed by the company | Disposed |
To see the full case history of ZCL Chemicals 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
ZCL Chemicals Limited was last rated by Care on 17 Oct 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 17 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)
| Supplier | Amount due | Due since | Reported 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.
GST
ZCL Chemicals has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACZ0293R2ZM | Maharashtra | Active | 08 Jul 2017 |
| 27AAACZ0293R3ZL | Maharashtra | Active | 11 Nov 2019 |
| 24AAACZ0293R1ZT | Gujarat | Active | 01 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.
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:
- Sunil Govind Uttarwar - Managing Director
- Shweta Jalan - Director
- Abhijit Mangalmoy Mukherjee - Director
- Jayant Bhalchandra Manmadkar - Director
- Pankaj Patwari - Director
- Anil Kumar Chanana - Director
- Bhaskar Vemban Iyer - Director
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).
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