Zenith Formulations Private Limited
About Zenith Formulations Private Limited
Data last updated:
Zenith Formulations Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 23 April 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1992PTC017485. Its GSTIN is 24AAACZ1586D2ZF (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Divyesh Himatlal Shah (Managing Director) and Kalpana Divyesh Shah.
Its last annual general meeting (AGM) was held on 20 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mukesh Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹14,672. For the same year it recorded a net loss of ₹674 (net margin -4.6%) and EBITDA of -₹674 (EBITDA margin -4.6%). Revenue has declined at a compounded annual rate (CAGR) of 64% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Zenith Formulations Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address15 Rajat Kamal Soc VI – 2, Sur No. 423 – 424 Ten No. 06266902350001 – D Opp. Mukesh Park, Ahmedabad, Gujarat, India – 380015
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Zenith Formulations 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
Financials of Zenith Formulations Private Limited
FY 2025 filings availableZenith Formulations Private Limited reported revenue of ₹14,672 for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 64% over five years. EBITDA rose 94% 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 | -₹674 | ||||
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| Net Profit (PAT) | -₹674 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -4.6% | ||||
| Net Profit Margin | -4.6% | ||||
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To see the full financial statements and ratios of Zenith Formulations Private Limited, buy the company report.
Board of directors of Zenith Formulations Private Limited
Zenith Formulations has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kalpana Divyesh Shah Also directs: Diligentia Technologies Private Limited | Director | 21 Jul 2001 | 25 Years 3 Months | Current |
| Divyesh Himatlal Shah Also directs: Diligentia Technologies Private Limited | Managing Director | 21 Jul 2001 | 25 Years 3 Months | Current |
| Vatsal Divyesh Shah | Additional Director | 29 Aug 2025 | 1 Years 1 Months | Current |
Peer comparison
Zenith Formulations Private Limited is compared with the 4 companies closest to it by revenue in the Chemicals industry (Formulations, Industrial 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 |
|---|---|---|---|---|---|---|
| Yatnam Lab Limited | ₹15,000 (FY 2025) | -99.0% | Hyderabad, Telangana, India | |||
| Hicon Electrotech Private Limited | ₹15,000 (FY 2025) | Jagat Puri, Delhi, India | ||||
| Zenith Formulations Private Limitedthis company | ₹14,672 (FY 2025) | -₹674 | -4.6% | Ahmedabad, Gujarat, India | ||
| Indosol Organics Private Limited | ₹14,000 (FY 2025) | Mumbai, Maharashtra, India | ||||
| Genotech Health and Life Sciences Private Limited | ₹13,987 (FY 2024) | 5.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Zenith Formulations Private Limited, buy the company report.
Auditor
Zenith Formulations Private Limited is audited by B J TRIVEDI AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B J TRIVEDI AND COMPANY | FY 2023 | 133797W |
Shareholding
The shareholding of Zenith Formulations 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 Zenith Formulations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Zenith Formulations 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
No delayed payments to MSME suppliers are on our record for Zenith Formulations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Zenith Formulations has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACZ1586D2ZF | Gujarat | Active | 17 Sep 2025 |
To see the full GST registrations and return filing status of Zenith Formulations Private Limited, buy the company report.
Recent activity
Zenith Formulations Private Limited has 4 board changes on record since 2001: 3 appointments and 1 cessation. The latest: Vatsal Divyesh Shah was appointed as Additional Director on 29 Aug 2025.
Frequently asked questions
Zenith Formulations is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 23 April 1992 (34+ years old) and is registered under CIN U24231GJ1992PTC017485.
Zenith Formulations has 3 current directors:
- Divyesh Himatlal Shah - Managing Director
- Kalpana Divyesh Shah - Director
- Vatsal Divyesh Shah - Additional Director
The latest financial statements of Zenith Formulations on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Zenith Formulations is 24AAACZ1586D2ZF, 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 Zenith Formulations is U24231GJ1992PTC017485. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zenith Formulations was incorporated on 23 April 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Zenith Formulations by revenue are Yatnam Lab Limited, Hicon Electrotech Private Limited, Indosol Organics Private Limited, Genotech Health and Life Sciences Private Limited, all in the Chemicals industry (Formulations, Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Vatsal Divyesh Shah was appointed as Additional Director on 29 Aug 2025. Chirag Mahendrabhai Gajjar ceased to be Director on 01 Jun 2020. Divyesh Himatlal Shah was appointed as Managing Director on 21 Jul 2001. Zenith Formulations has 4 board changes on record in total.
The registered office of Zenith Formulations is at 15 Rajat Kamal Soc VI – 2, Sur No. 423 – 424 Ten No. 06266902350001 – D Opp. Mukesh Park, Ahmedabad, Gujarat, India – 380015.
Zenith Formulations operates in the chemicals and materials industry, in the industrial chemicals segment.
The compliance status of Zenith Formulations is compliant as of 03 July 2026. The company is actively filing with the Registrar of Companies.