Sovika Chemicals Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 2.00 M
- Company Age 44 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 98.73 Cr
- Revenue Growth 37.83%
- Profit Growth 98.69%
- Ebitda 80.67%
- Net Worth 226.56%
- Total Assets 0.38%
About Sovika Chemicals
Sovika Chemicals Private Limited (SCPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 September 1980 and has a history of 44 years and eight months. Its registered office is in Mumbai, Maharashtra, India.
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 2024. It's a company limited by shares with an authorized capital of Rs 2.50 M and a paid-up capital of Rs 2.00 M.
The company currently has active open charges totaling ₹98.73 Cr.
Kunal Desai, Sahil Mehta, Sohan Mehta, and One other member serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U24100MH1980PTC023118
- Company No.
023118
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
12 Sep 1980
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Chemicals and Materials
What products or services does Sovika Chemicals Private Limited offer?
Sovika Chemicals Private Limited offers a wide range of products and services, including Inorganic Acids, Phosphoric Acid, Caustic Soda, Caustic Soda Flakes.
Sovika Chemicals Private Limited
Explore comprehensive data for Sovika Chemicals Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Sovika Chemicals?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sohan Mehta  | Managing Director | 12-Sep-1980 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Kunal Desai | Director | 12-May-2014 | Current |
| Sahil Mehta | Director | 20-Apr-1994 | Current |
| Shirish Desai | Director | 23-Oct-1984 | Current |
Financial Performance of Sovika Chemicals.
Sovika Chemicals Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 37.83% increase. The company also saw a substantial improvement in profitability, with a 98.69% increase in profit. The company's net worth Soared by an impressive increase of 226.56%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Sovika Chemicals?
In 2023, Sovika Chemicals had a promoter holding of 100.00%. The company had 1 Subsidiary and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Sanghvi Organics Pvt LtdSohan Mehta and Shirish Desai are mutual person
Brring2.0 Consumer Brands Private LimitedSahil Mehta is a mutual person
- Brring Integrated Logistics Private Limited
Sahil Mehta is a mutual person
- Brring Distribution Solutions Private Limited
Sahil Mehta is a mutual person
Sky High Airport Services Private LimitedSahil Mehta is a mutual person
- Technova Remedies (India) Private Limited
Kunal Desai and Shirish Desai are mutual person
Charges (Loans)
Open Charges
₹987.35 M
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Others : 89.91 Cr
- Union Bank Of India : 7.66 Cr
- Dena Bank : 0.50 Cr
- The Hongkong & Shanghai Banking Corporation : 0.46 Cr
- The Hongkong & Shanghai Baking Corporation : 0.20 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jul 2023 | Others | ₹9.91 Cr | Open |
| 03 Oct 2020 | Others | ₹1.40 Cr | Open |
| 10 Sep 2020 | Others | ₹4.05 M | Open |
| 24 Jul 2020 | Others | ₹7.00 M | Open |
| 29 Mar 2019 | Others | ₹69.00 Cr | Open |
How Many Employees Work at Sovika Chemicals?
Unlock and access historical data on people associated with Sovika Chemicals, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Sovika Chemicals, 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 Sovika Chemicals'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.
Latest Updates, News, and FAQs on Sovika Chemicals
Recent activity within the organization
- Annual General Meeting
Sovika Chemicals Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Sovika Chemicals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge with Others amounted to Rs. 99.10 M with Charge ID 100748221 was registered on 22 Jul 2023.
- Charges
A charge with Others amounted to Rs. 14.00 M with Charge ID 100380812 was registered on 03 Oct 2020.
- Charges
A charge with Others amounted to Rs. 4.05 M with Charge ID 100380817 was registered on 10 Sep 2020.
- Charges
A charge with Others amounted to Rs. 7.00 M with Charge ID 100355626 was registered on 24 Jul 2020.
Frequently asked questions
What is the Incorporation or founding date of Sovika Chemicals Private Limited?
Sovika Chemicals Private Limited was incorporated on 12 Sep 1980.
What is authorized share capital and paid-up capital of Sovika Chemicals Private Limited?
The authorized share capital of Sovika Chemicals Private Limited is ₹ 2.50 M and paid-up capital is ₹ 2.00 M.
Who are the current board members & directors of Sovika Chemicals Private Limited?
Currently 4 directors are associated with Sovika Chemicals Private Limited.
- Kunal Shirish Desai
- Sahil Sohan Mehta
- Sohan Chotalal Mehta
- Shirish Khushalchand Desai
What is the registered address of Sovika Chemicals Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Sovika Chemicals Private Limited is B 2 Parekh Mahal 80-Veer Nariman Road, India, Mumbai, Maharashtra, 400020.
What is the corporate identification number (CIN) and company number of Sovika Chemicals Private Limited?
The corporate identification number (CIN) of Sovika Chemicals Private Limited is U24100MH1980PTC023118 and the company number is 023118 as per Ministry of Corporate Affairs (MCA).
What is the official website of Sovika Chemicals Private Limited?
The Official website of Sovika Chemicals Private Limited is https://www.sovikagroup.com
What has been the recent revenue trend for Sovika Chemicals Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Sovika Chemicals Private Limited has risen by 37.83%.
What change has been observed in the net worth of Sovika Chemicals Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Sovika Chemicals Private Limited has experienced an upsurge of 226.56%.
What are the total open charges for Sovika Chemicals Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Sovika Chemicals Private Limited amount to ₹ 98.73 Cr.
When was the last Balance Sheet of Sovika Chemicals Private Limited filed with the ROC?
The most recent Balance Sheet for Sovika Chemicals Private Limited was filed with the ROC on 31 Mar 2024.
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