Prism Geo · India · Maharashtra · Cosmetic Manufacturers
Cosmetic Manufacturers · Maharashtra
Cosmetic Manufacturers in Maharashtra
₹3,407 crore of revenue reported in the latest year (mostly FY25) by the 45 of Maharashtra's 392 cosmetic manufacturers with accounts on file. The ten largest produce 83% of it; the typical filer earns ₹8.8 crore.
Active companies
392
cosmetic manufacturers on the register
Reported revenue
₹3,407 crore
45 companies with accounts
Profitable
64%
of filers · India 60%
Secured loans
21.2%
of companies have one on record
What stands out about Maharashtra's cosmetic manufacturers
01
Revenue
₹3,407 crore
of revenue reported in the latest year (mostly FY25) by the 45 of Maharashtra's 392 cosmetic manufacturers with accounts on file. The ten largest produce 83% of it; the typical filer earns ₹8.8 crore.
02
Profitability
64%
of filers reported a profit (India, same segment: 60%); the median net margin is 1.4% against 0.8% nationally.
03
Growth
+26%
median revenue growth across 43 companies with two consecutive years on file (India: +14%); 17 grew by more than half and 9 shrank. Only companies still filing are counted.
04
Labour cost
11%
of revenue goes on employee cost for the median filer (14% nationally), so this segment is less labour-intensive in Maharashtra than across India.
05
Funding
5
cosmetic manufacturers in Maharashtra have outside funding on record at Fliar Radar (investment, incubator or grant support). Most frequent backers: Firmenich (2), Blackstone (1), Catamaran (1).
06
Lending
21.2%
of Maharashtra cosmetic manufacturers have a secured loan on record (India: 19.2%). Most frequent lenders: Bank Of Baroda (12), HDFC Bank (11), State Bank Of India (11). Open borrowings against company assets total ₹971 crore.
07
Where the money is
73%
of reported revenue comes from Mumbai, which holds 68% of Maharashtra's cosmetic manufacturers.
Where Maharashtra's cosmetic manufacturers are
Companies by the city or district of their registered address.
City
Companies
Share
Reported revenue
Share of revenue
Mumbai
268
68.4%
₹2,477 crore
73%
Thane
41
10.5%
₹774 crore
23%
Pune
30
7.7%
₹147 crore
4%
Nagpur
11
2.8%
–
–
Raigarh(mh)
10
2.6%
₹48.7 lakh
0%
Nashik
9
2.3%
₹8.4 crore
0%
Aurangabad
4
1.0%
–
–
Jalgaon
3
0.8%
–
–
Ahmed Nagar
2
0.5%
–
–
Akola
2
0.5%
–
–
Cosmetic Manufacturers in Maharashtra by size
From the latest accounts each company has filed, split by annual revenue. Growth compares with the year before; net margin is profit after tax over revenue.
Bigger companies
₹100 crore+ revenue · 9 cosmetic manufacturers
01 · FY25 accounts · Mumbai
F
Fragrance And Aroma (eastland) Private Limited
Fragrance And Aroma (eastland) Private Limited is a private company incorporated in 1987, with its registered office in Mumbai, Maharashtra, classified under chemicals & pharmaceuticals. In FY25 it reported revenue of ₹645 crore, up 57% on the year before, with a net margin of 0.1%.
Supplier of imported fragrances, beauty and healthcare products. Product catalogue includes perfumes, make-up products, eyeliners, nail products, colour cosmetics and more.
Baccarose Perfumes And Beauty Products Private Limited is a private company incorporated in 1983, with its registered office in Mumbai, Maharashtra, classified under chemicals & pharmaceuticals. In FY25 it reported revenue of ₹613 crore, down 2% on the year before, with a net margin of −5.0%.
Directors on recordJayant Harjiwan Raja, Seetharam Nayak, Biju Antony3 directors
Jayant Harjiwan RajaDirector · since 2016
Seetharam NayakDirector · since 2020
Biju AntonyDirector · since 2020
Productsfragrances, skincare +35 products
Product 01 / 05
fragrances
AboutListed by Baccarose as one of its products or services; details on baccarose.com.
Product 02 / 05
skincare
AboutListed by Baccarose as one of its products or services; details on baccarose.com.
Product 03 / 05
makeup
AboutListed by Baccarose as one of its products or services; details on baccarose.com.
Product 04 / 05
SHISEIDO WASO RESET CLEANSER SQUAD
AboutListed by Baccarose as one of its products or services; details on baccarose.com.
Product 05 / 05
SHISEIDO SYNCHRO SKIN GLOW FOUNDATION
AboutListed by Baccarose as one of its products or services; details on baccarose.com.
1 / 5
03 · FY22 accounts · Thane
S
Supermax Personal Care Private Limited
A global company with operations spread across 5 continents, Super-Max is one of the leading razor blade manufacturing companies. A team of over 7000 people spanning 60 nationalities. 19 regional offices.
Supermax Personal Care Private Limited is a private company incorporated in 2010, with its registered office in Thane, Maharashtra, classified under basic metals (iron, steel). In FY22 it reported revenue of ₹459 crore, up 5% on the year before, with a net margin of −13.8%.
Revenue (FY22)₹459 crore
Growth vs prior year+5%
Net margin−13.8%
Net worth₹11.6 crore
Paid-up capital₹7 lakh
AreaThane
Incorporated2010 · Private company
Secured loans2 open
OffersSuper Max Smx4 Disposable Razor, Super Max Ultimat3pro-tect Razor, Super Max Power Disposable Razor, Super Max Ultimate Razor
Directors on recordAbhishek Kumar, Purnendu Kumar Chakravarthy, Kenny Abraham6 directors
Abhishek KumarDirector · since 2013
Purnendu Kumar ChakravarthyAdditional Director · since 2013
Kenny AbrahamDirector · since 2015
Nitin Vashdev MeraniAdditional Director · since 2016
Udaykumar Ganpatrao DesaiDirector · since 2018
Alan Edward GreenoughDirector · since 2018
ProductsClassic Shave Foam, Super Max Smx4 Disposable… +46 products
Rawji Fine Fragrances Private Limited is a private company incorporated in 2011, with its registered office in Mumbai, Maharashtra, classified under chemicals & pharmaceuticals. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaMumbai
Incorporated2011 · Private company
Brand founded1938
Secured loans2 open
Directors on recordLalit Nanalal Shah, Tarun Lalit Shah2 directors
Contract manufacturer of cosmetics. The company specializing in the end-to-end design and manufacturing of fragrances and cosmetics for both domestic and international brands. They offer private label manufacturing services, handling formulation, packaging, production, and quality control to help these brands commercialize their own perfume ranges.
Zetts Cosmetics Private Limited is a private company incorporated in 2004, with its registered office in Mumbai, Maharashtra, classified under chemicals & pharmaceuticals. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaMumbai
Incorporated2004 · Private company
OffersPerfumes, Cosmetics, Pour Femme / Women
Directors on recordArun Bhargav Desai, Sudhir Sundarlal Kapadia2 directors
Arun Bhargav DesaiDirector · since 2004
Sudhir Sundarlal KapadiaDirector · since 2004
ProductsPerfumes, Cosmetics +13 products
Product 01 / 03
Perfumes
AboutListed by Zetts Cosmetics as one of its products or services; details on zetts.info.
Product 02 / 03
Cosmetics
AboutListed by Zetts Cosmetics as one of its products or services; details on zetts.info.
Product 03 / 03
Pour Femme / Women
AboutListed by Zetts Cosmetics as one of its products or services; details on zetts.info.
One of the pioneering setups in India's contract and third party manufacturing landscape, the Group offers multifarious manufacturing capabilities with an integrated approach. This has been developed over the last three decades as a direct result of the Group's commitment to provide tailor made solutions to its valued customers with an uncompromising approach to quality. We are offering a wide range of Products like Hair Gel, Hair Oil, Hair Shampoo, Face Lotion, Body Moisturizer, Shower Gel, Face Wash, Skin Cream, Talcum Powder, Baby Care Products and Home Cleaning Products.
Avalon Cosmetics Private Limited is a private company incorporated in 2003, with its registered office in Mumbai, Maharashtra, classified under chemicals & pharmaceuticals. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaMumbai
Incorporated2003 · Private company
Secured loans12 open
OffersHair Shampoo, Hot Oil Hair Treatment Cream, Bubble Bath Soap, Hair Gel
Directors on recordSameer Ramanlal Kothari, Asha Ramanlal Kothari2 directors
Sameer Ramanlal KothariDirector · since 2003
Asha Ramanlal KothariDirector · since 2003
ProductsHair Shampoo, Hot Oil Hair Treatment Cream +35 products
Product 01 / 05
Hair Shampoo
CategoryCosmetic Talcum Powder
PriceOn request
Range5 products listed by Avalon Cosmetics
Product 02 / 05
Hot Oil Hair Treatment Cream
CategoryCosmetic Talcum Powder
PriceOn request
Range5 products listed by Avalon Cosmetics
Product 03 / 05
Bubble Bath Soap
CategoryCosmetic Talcum Powder
PriceOn request
Range5 products listed by Avalon Cosmetics
Product 04 / 05
Hair Gel
CategoryCosmetic Talcum Powder
PriceOn request
Range5 products listed by Avalon Cosmetics
Product 05 / 05
Hair Oil
CategoryCosmetic Talcum Powder
PriceOn request
Range5 products listed by Avalon Cosmetics
1 / 5
Financials locked for 6 of 9 bigger cosmetic manufacturersRevenue, growth, margin and net worth for every one of them are in Fliar Radar.
Holistique Beauty Products Private Limited is a private company incorporated in 2016, with its registered office in Mumbai, Maharashtra, classified under IT & computer services. In FY25 it reported revenue of ₹99.9 crore, up 42% on the year before, with a net margin of 2.6%.
Revenue (FY25)₹99.9 crore
Growth vs prior year+42%
Net margin2.6%
Net worth₹11.3 crore
Paid-up capital₹1 crore
AreaMumbai
Incorporated2016 · Private company
Directors on recordShailesh Vallabh Karwa, Sharad Ravi Dalmia, Vindhya Shailesh Karwa4 directors
Glint Cosmetics Private Limited began operations in its current form in 2004 , are one of the reputed manufacturer, exporter, supplier, distributor, wholesaler, trader and importer of a wide range of Cosmetics and Baby Care products. The country's liberalization brought enormous change in the economy. Some were deterred by the challenges while others were excited at the opportunities regardless of the challenges.
Glint Cosmetics Private Limited is a private company incorporated in 2004, with its registered office in Mumbai, Maharashtra, classified under chemicals & pharmaceuticals. In FY25 it reported revenue of ₹98.6 crore, up 15% on the year before, with a net margin of 5.1%.
Revenue (FY25)₹98.6 crore
Growth vs prior year+15%
Net margin5.1%
Net worth₹20.1 crore
Paid-up capital₹1 crore
AreaMumbai
Incorporated2004 · Private company
Secured loans1 open
OffersGlint Dyanamiclair Paris Lightening…, Bella Clair Carrot Lightening Cream, Enokii Professional Glow Radiance &…, Skin Soothing Body Lotion
Enokii Professional Glow Radiance & Lustre Face Gel
CategorySkin Care Cosmetics
Price₹319 per piece
Range5 products listed by Glint Cosmetics
Product 04 / 05
Skin Soothing Body Lotion
CategorySkin Care Cosmetics
Price₹399 per piece
Range5 products listed by Glint Cosmetics
Product 05 / 05
Enokii Professional Renew & Rejuvenate Charcoal Face Cream
CategorySkin Care Cosmetics
Price₹319 per piece
Range5 products listed by Glint Cosmetics
1 / 5
03 · FY23 accounts · Thane
N
Naos Skin Care India Private Limited
Naos Skin Care India Private Limited is a leading Manufacturer based in Thane.we are committed to delivering quality products and services.
Naos Skin Care India Private Limited is a private company incorporated in 2014, with its registered office in Thane, Maharashtra, classified under business services (consulting, advertising, staffing). In FY23 it reported revenue of ₹83.2 crore, up 72% on the year before, with a net margin of 2.7%.
Fragrance Shop Private Limited is a private company incorporated in 1993, with its registered office in Mumbai, Maharashtra, classified under other services. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
NOVA COSMETICS and its subsidiaries, such as Pear Nova and Nova Aesthetics, appear to be companies operating in the cosmetics industry. They offer a range of products including perfumes, after-shave lotions, roll-ons, and nail care products. NovaCosmetics is a Mumbai-based company with a manufacturing unit, while Pear Nova is a brand that offers vegan and cruelty-free nail care products. Nova Aesthetics is a medical spa and skincare clinic that provides non-surgical cosmetic enhancements, skincare, and anti-aging treatments.
Nova Cosmetics Private Limited is a private company incorporated in 2000, with its registered office in Thane, Maharashtra, classified under chemicals & pharmaceuticals. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaThane
Incorporated2000 · Private company
Secured loans3 open
OffersPerfumes, After Shave, Body Mists
Directors on recordSanchita Kiran Desai, Sanjay Prabhakar Raole2 directors
Brand of fragrances. The firm also offers candles. Products are sold globally via its online store. Products are also sold via partnered retailers.
Bombay Perfumery Products Pvt Ltd is a private company incorporated in 1984, with its registered office in Mumbai, Maharashtra, classified under chemicals & pharmaceuticals. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaMumbai
Incorporated1984 · Private company
Brand founded2015
Secured loans1 open
Key peopleManan Gandhi (Founder)
OffersEau de parfums, Candles, Gifts for Him, Iconoclastic fragrances
Sai Samartha Cosmetics Private Limited is a private company incorporated in 2002, with its registered office in Mumbai, Maharashtra, classified under chemicals & pharmaceuticals. In FY25 it reported revenue of ₹9.1 crore, up 48% on the year before, with a net margin of 21.6%.
Contract manufacturer of cosmetics and personal care products. It product range includes cosmetics and personal care products such as skincare, hair care, and other beauty products. It produces a wide range of personal care products suitable for various skin types.
Clarion Cosmetics Private Limited is a private company incorporated in 1993, with its registered office in Mumbai, Maharashtra, classified under chemicals & pharmaceuticals. In FY25 it reported revenue of ₹8.8 crore, up 22% on the year before, with a net margin of 6.4%.
Dwja Cosmetics Private Limited is a private company incorporated in 2018, with its registered office in Pune, Maharashtra, classified under wholesale trade. In FY22 it reported revenue of ₹6.6 crore, up 135% on the year before, with a net margin of 1.0%.
Revenue (FY22)₹6.6 crore
Growth vs prior year+135%
Net margin1.0%
Net worth₹2.7 lakh
Paid-up capital₹10 lakh
AreaPune
Incorporated2018 · Private company
Directors on recordMonika Punjabi Suresh, Mahendra Panjwani2 directors
Monika Punjabi SureshDirector · since 2018
Mahendra PanjwaniDirector · since 2020
04 · FY25 accounts · Nashik
D
D R Cosmetics Private Limited
Established in the year 1972 , we, D. R. Cosmetics Private Limited are counted among the prominent Manufacturers and Exporters of Paper Soap Strips, Hand Sanitizer, Naphthlene Balls, Liquid Hand Wash under the brand of " BUFIN ".
D R Cosmetics Private Limited is a private company incorporated in 1999, with its registered office in Nashik, Maharashtra. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaNashik
Incorporated1999 · Private company
OffersLime Paper Soap Strips, Green Apple Paper Soap Strips, Cologne Paper Soap Strips, Jasmine Paper Soap Strips
Directors on recordSuharsh Joshi Ratilal, Kiran Suharsh Joshi2 directors
Suharsh Joshi RatilalDirector · since 2009
Kiran Suharsh JoshiDirector · since 2019
ProductsLime Paper Soap Strips, Green Apple Paper Soap… +35 products
Manufacturer of personal and home care products. The company is offering a range of items such as deodorants, hair sprays, and air care solutions. Their products are formulated to meet regulatory and safety standards, and can be specific for domestic and international market requirements.
Patcos Cosmetics (india) Pvt Ltd is a private company incorporated in 1993, with its registered office in Mumbai, Maharashtra, classified under chemicals & pharmaceuticals. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaMumbai
Incorporated1993 · Private company
Secured loans7 open
Directors on recordKantilal Jivanbhai Patel, Chandanben Kantilal Patel2 directors
Internet first brand of perfume, body & bath care products
Armaf Luxury Fragrance India Private Limited is a private company incorporated in 2017, with its registered office in Mumbai, Maharashtra, classified under wholesale trade. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaMumbai
Incorporated2017 · Private company
Brand founded2021
Directors on recordZainab Ali Asgar Barbhaya, Sakina Husainy Fakhruddin, Hamza Asgar Fakhruddin4 directors
Zainab Ali Asgar BarbhayaDirector · since 2017
Sakina Husainy FakhruddinDirector · since 2017
Hamza Asgar FakhruddinDirector · since 2017
Murtaza SaifeeAdditional Director · since 2018
Financials locked for 21 of 24 smaller cosmetic manufacturersRevenue, growth, margin and net worth for every one of them are in Fliar Radar.
Secured loans registered against company assets. The median open loan is ₹40 lakh.
Lender
Companies
Loans
Open borrowings
Bank Of Baroda
12
30
₹21.1 crore
HDFC Bank
11
17
₹71.3 crore
State Bank Of India
11
16
₹2.5 crore
Bank Of India
8
16
₹19.4 crore
Punjab National Bank
6
13
₹296 crore
Union Bank Of India
5
14
₹2.6 crore
Axis Bank
5
11
₹131 crore
Corporation Bank
5
6
₹2.3 crore
Backed cosmetic manufacturers in Maharashtra
Companies with venture, private-equity, incubator or grant funding on Fliar Radar, most recent rounds first.
Company
Backing
Latest round
Backers on record
Named backers
Robertet
Public
Post IPO · 2024-01
–
Givaudan, Firmenich, Capricorn Partners
A Fragrance Story
VC-Backed
Angel · 2016-08
1
–
Keva
Formerly PE-Backed
PE · 2012-09
1
Blackstone, Catamaran, Firmenich
Tainwala Chemicals & Plastics India
Corporate
–
–
–
Zetts Cosmetics
Funding Raised
–
–
Saascorp
Frequently asked questions
How many cosmetic manufacturers are there in Maharashtra?
The register lists 392 active cosmetic manufacturers in Maharashtra; 45 have filed accounts and 38 are tracked in Radar.
What is the biggest of the cosmetic manufacturers in Maharashtra?
By latest revenue: Fragrance And Aroma (eastland) Private Limited (₹645 crore, FY25); Baccarose Perfumes And Beauty Products Private Limited (₹613 crore, FY25); Supermax Personal Care Private Limited (₹459 crore, FY22).
How much revenue do cosmetic manufacturers in Maharashtra generate?
The 45 companies with accounts on file reported ₹3,407 crore in their latest year; the median is ₹8.8 crore and the top ten make up 83%.
Are cosmetic manufacturers in Maharashtra profitable?
64% of filers reported a profit and the median net margin is 1.4%; median revenue growth is +26%.
Which city in Maharashtra has the most cosmetic manufacturers?
Mumbai (268); Thane (41); Pune (30).
Which banks lend to cosmetic manufacturers in Maharashtra?
Bank Of Baroda (12 companies); HDFC Bank (11 companies); State Bank Of India (11 companies); Bank Of India (8 companies).
Companies come from the Ministry of Corporate Affairs register (active companies; incorporations through 2022). Revenue, profit and net worth are the latest statutory accounts on file for companies that file them, standalone where available; companies without accounts are not in revenue figures. Secured loans are charges registered against company assets. Hiring is from Fliar Radar job tracking. Directory figures come from business-directory listings collected in 2026 (reviews to 2021). Counts are a floor: some incorporation years are only partly covered.
