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Issue Date:Dec 20 2018 12:00AM     Price in Rs. R 7000    Price in USD. $ 100

Bhavnagar based Madhu Silica Pvt Ltd is the largest manufacturer of Precipitated Silica in India.


Precipitated silica produced by MSPL has diversified application in the tyre (39% of total sales of FY18), oral health care (24%), footwear and rubber (11%), free flow in food (8%), detergent (5%) and other industries. It also sells alumino silicates to the paint and paper industry. . MSPL has very long association of more than 30 years with Unilever group. MSPL has reputed clientele which includes Unilever Plc., Hindustan Unilever Ltd, Colgate Palmolive, Dabur, Continental Tyre, Ceat Tyre, MRF, Goodyear, Apollo Tyre, Rallis India, Asian Paints, GlaxoSmithKline (GSK) etc. – all leading players in their respective industries. Further, MSPL also supplies to Patanjali Ayurveda and has also added new customers in both domestic and international market in pharmaceutical and tyre industry.

(Source: Care Rating report)


The business began in 1971 by Mr Rameshchandra Shah. The private limited company was incorporated in 1987. It has 3 directors: Darshak Rameshchandra Shah (managing director), Rameshchandra Vinaychand Shah and Neepa Udaykant Mehta.


For the year ended Mar’18, Madhu Silica reported revenue of around Rs 6.9B (USD102m), and net profit of around Rs 735m (USD 11m)


Find more information in our detailed research report.

  • Company Background
  • Business Highlights
  • Financial Performance
  • Financial Details


  • Board of Directors
  • Financial Summary
  • Profit & Loss Account
  • Balance Sheet
  • Ratios


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