Chemkart India Ltd (544442) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Chemkart India Limited was incorporated on March 06, 2020 as ‘Chemkart India Private Limited’, a private limited company under the Companies Act, 2013 pursuant to a certificate of incorporation dated March 06, 2020 issued by Deputy Registrar of Companies. Further, the company was converted into a public limited company pursuant to a resolution passed by the Board of Directors in their meeting held on August 16, 2024 and by its Shareholders at an Extra-Ordinary General Meeting held on August 16, 2024 at shorter notice and consequently the name of the company was changed to ‘Chemkart India Limited’ and a fresh certificate of incorporation dated October 04, 2024 was issued by Assistant Registrar of Companies/Deputy Registrar of Companies/ Registrar of Companies, Central Processing Centre.

The company is a one stop destination for various nutritional, Health and sports supplement products, which are largely biased towards the food products providing health benefits in addition to their nutritional values, reflecting its ability in catering to nutritional as well as health needs of the end customers. The company is based in Mumbai, offering diverse range of captivated nutritional supplements and components. It offers products across mainly seven product categories, i.e. Amino Acids, Health Supplement, Herbal Extract, Nucleotide, Protein, Sports Nutrition, and Vitamin. 

It targets the Business to Business (B-to-B) platform which uses its products into manufacturing of finished supplements which includes sports supplements, health supplements, vitamins, protein products etc. Its product assortment and customer-centric approach aims to fulfil the daily and aspirational requirements of the end customers with a focus on variety, affordability, quality and convenience. Since the commencement of its operations, it has developed good standing relationships with its customers. It also engages actively with its suppliers to improve its supply chain processes.

Business area of the company

The company is mainly engaged in the business of processing and trading of nutritional and health supplements. The company is registered under FSSAI (Food Safety and Standards Authority of India)

Products of the company

• Amino acid
• Health supplement
• Herbal extract
• Nucleotide
• Protein
• Sports nutrition
• Vitamin

History and milestones

• 2020: Incorporation of the company as a private limited company under the name ‘Chemkart India Private Limited’
• 2020: ISO 9001:2015 Quality Management System certified for the following activities Importers, Manufacturers and distributors of Health Supplements, Pharma Bulk Drugs, Food and Feed Ingredients.
• 2021: Received FSSAI License.
• 2024: Certificate of registration re-issued to certify that the quality management systems of the company have been audited and have found to be compliant with standards prescribed under ISO 9001:2015 Received FSSAI License.
• 2024: Certificate of Compliance issued and assessed by GACB that the Plant situated at Office No. 403/404, 4th Floor, K.L. Accolade, 6th Road, TPS III, Santacruz (East), Mumbai, Maharashtra, India, has been audited and assessed and found to comply with the requirements of the HALAL Assurance System Guidelines.
• 2024: Certificate of Compliance issued that confirms that the products manufactured by the company are KOSHER.
• 2024: Certificate of registration issued to certify that audit has been conducted by ICV and found to be in compliance with the quality management systems with standards prescribed under ISO 9001:2015.
• 2024: Converted to Public Limited Company and Name changed to Chemkart India Limited.
• 2024: The company entered into Share Purchase Agreement to acquire majority stake of Easy Raw Materials.
• Private Limited and Vinstar Biotech Private Limited.