Finorchem Profile
Key Indicators
- Authorised Capital ₹ 75.00 Cr
- Paid Up Capital ₹ 64.66 Cr
- Company Age 31 Year,
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 407.48 Cr
- Satisfied Charges ₹ 526.58 Cr
- Revenue Growth 34.96%
- Profit Growth -21.58%
- Ebitda -11.81%
- Net Worth 19.95%
- Total Assets 10.43%
About Finorchem
Finorchem Limited (FL) is a leading Public Limited Indian Non-Government Company incorporated in India on 31 January 1994 and has a history of 31 years. Its registered office is in Kolkata, West Bengal, India.
The Corporate was formerly known as Merchem Limited. The Company is engaged in the Chemicals And Materials Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 75.00 Cr and a paid-up capital of Rs 64.66 Cr.
The company currently has active open charges totaling ₹407.48 Cr. The company has closed loans amounting to ₹526.58 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Finorchem Limited India is Balakrishnan Nair as COMPANY SECRETARY. Aditi Holani, Narain Holani, Varsha Holani, and Four other members serve as directors at the Company.
Company Details
- Location
Kolkata, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U24299WB1994PLC240045
- Company No.
007681
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
31 Jan 1994
- Date of AGM
28 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Who are the key members and board of directors at Finorchem?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Narain Holani  | Managing Director | 19-Mar-2019 | Current |
| Balakrishnan Nair | Company Secretary | 10-Feb-2021 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Aditi Holani | Whole-Time Director | 07-Dec-2021 | Current |
| Varsha Holani | Whole-Time Director | 07-Dec-2021 | Current |
| Bhanwarlal Joshi | Director | 11-Oct-2022 | Current |
| Shyam Taparia | Whole-Time Director | 21-Nov-2022 | Current |
| Rishabh Holani | Whole-Time Director | 19-Mar-2019 | Current |
| Vishwanathramnath Balasubramaniyan | Whole-Time Director | 10-Feb-2021 | Current |
Financial Performance of Finorchem.
Finorchem Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 34.96% increase. The company also saw a substantial fall in profitability, with a 21.58% decrease in profit. The company's net worth Soared by an impressive increase of 19.95%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Finorchem?
In 2023, Finorchem had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Acme Chem LtdAditi Holani, Narain Holani and 1 more are mutual person
Hiramoti Properties LlpNarain Holani and Varsha Holani are mutual person
- Adirish Nirman Llp
Narain Holani and Varsha Holani are mutual person
- Adirish Realty Llp
Narain Holani and Varsha Holani are mutual person
- Lesha Realty Llp
Narain Holani and Varsha Holani are mutual person
- Keytouch Properties Llp
Narain Holani and Varsha Holani are mutual person
Charges (Loans)
₹407.48 Cr
₹526.58 Cr
Charges Breakdown by Lending Institutions
- Citi Bank N.A. : 123.00 Cr
- Hdfc Bank Limited : 115.34 Cr
- Axis Bank Limited : 93.50 Cr
- Yes Bank Limited : 45.00 Cr
- Others : 30.65 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Aug 2024 | Others | ₹1.30 M | Open |
| 19 Jul 2024 | Others | ₹0.54 M | Open |
| 03 May 2024 | Citi Bank N.A. | ₹43.00 Cr | Open |
| 12 Apr 2024 | Hdfc Bank Limited | ₹4.21 M | Open |
| 04 Mar 2024 | Others | ₹30.00 Cr | Open |
How Many Employees Work at Finorchem?
Finorchem has a workforce of 454 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Finorchem, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Finorchem's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
