Exaoil Refinery Limited
About Exaoil Refinery Limited
Data last updated:
Exaoil Refinery Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 22 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15137GJ2018PLC102964. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹5.11 Cr. It was formerly known as Mudavita Enterprise Private Limited. It is led by directors including Sarth Ajitbhai Santoki and Rahulkumar Vasantlal Rajgor.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.61 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹24.88 Lakh (net margin 0.5%) and EBITDA of ₹55.26 Lakh (EBITDA margin 1.2%). Revenue has grown at a compounded annual rate (CAGR) of 261% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Exaoil Refinery has one previous CIN (Corporate Identification Number): U15137GJ2018PTC102964. The current CIN is U15137GJ2018PLC102964, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15137GJ2018PLC102964 | Current |
| U15137GJ2018PTC102964 | Previous |
Contact details
Exaoil Refinery Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2nd Floor Cabin No 1 House 4 Arista @ Eight Corporate House, B/H Satyam House Rajpath Club Road Bodakdev, Ahmedabad, Gujarat, India – 380059
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Exaoil Refinery Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Exaoil Refinery is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Exaoil Refinery Limited, buy the company report.
Financials of Exaoil Refinery Limited
FY 2025 filings availableExaoil Refinery Limited reported revenue of ₹46.61 Cr (up 554% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 261% over three years, including 554% growth in the latest year. EBITDA rose 378% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹55.26 Lakh | ||||
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| Net Profit (PAT) | ₹24.88 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.2% | ||||
| Net Profit Margin | 0.5% | ||||
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To see the full financial statements and ratios of Exaoil Refinery Limited, buy the company report.
Board of directors of Exaoil Refinery Limited
Exaoil Refinery has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sarth Ajitbhai Santoki Also directs: Grow House Agro Limited, Grow House Finance Private Limited, Grow House Wealth Management Private Limited and 2 more | Director | 17 Oct 2022 | 4 Years 0 Months | Current |
| Rahulkumar Vasantlal Rajgor Also directs: Shree Kshetrapal Agro Resources Private Limited, Rajgor Proteins Limited, Koovey Oleo Science Private Limited and 2 more | Director | 29 Apr 2022 | 4 Years 5 Months | Current |
| Zenishaben Rajgor | Director | 09 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
Exaoil Refinery Limited is compared with the 3 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ankita Mercantiles Private Limited | ₹46.71 Cr (FY 2019) | -88.0% | Amrawati, Maharashtra, India | |||
| Tradohub Enterprises Private Limited | ₹46.65 Cr (FY 2018) | 445.0% | Ahmedabad, Gujarat, India | |||
| Exaoil Refinery Limitedthis company | ₹46.61 Cr (FY 2025) | ₹24.88 Lakh | 0.5% | 554.0% | Ahmedabad, Gujarat, India | |
| Ganesh Global Commodities Private Limited | ₹46.44 Cr (FY 2020) | -61.0% | Kadi, Gujarat, India |
To see the full peer comparison of Exaoil Refinery Limited, buy the company report.
Auditor
Exaoil Refinery Limited is audited by SONI AAKASH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SONI AAKASH & CO | FY 2023 | 146070W |
Shareholding
The shareholding of Exaoil Refinery Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Exaoil Refinery Limited, buy the company report.
Legal cases
No court or tribunal cases involving Exaoil Refinery Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Exaoil Refinery Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Exaoil Refinery has 5 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Exaoil Refinery has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Exaoil Refinery Limited, buy the company report.
Recent activity
Exaoil Refinery Limited has 19 board changes on record since 2018: 11 appointments and 8 cessations. The latest: Zenishaben Rajgor was appointed as Director on 09 Mar 2023.
10 earlier events are in the company report.
Frequently asked questions
Exaoil Refinery is an active public limited company based in Ahmedabad, Gujarat, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 22 June 2018 (8+ years old) and is registered under CIN U15137GJ2018PLC102964.
Exaoil Refinery has 3 current directors:
- Sarth Ajitbhai Santoki - Director
- Rahulkumar Vasantlal Rajgor - Director
- Zenishaben Rajgor - Director
The latest financial statements of Exaoil Refinery on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
No. Exaoil Refinery has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Exaoil Refinery is U15137GJ2018PLC102964. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Exaoil Refinery was incorporated on 22 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Exaoil Refinery by revenue are Ankita Mercantiles Private Limited, Tradohub Enterprises Private Limited, Ganesh Global Commodities Private Limited, all in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading).
Zenishaben Rajgor was appointed as Director on 09 Mar 2023. Prashant Maheshwari ceased to be Director on 16 Feb 2023. Bhemjibhai Ganeshbhai Patel ceased to be Director on 17 Oct 2022. Exaoil Refinery has 19 board changes on record in total.
The registered office of Exaoil Refinery is at 2nd Floor Cabin No 1 House 4 Arista @ Eight Corporate House, BH Satyam House Rajpath Club Road Bodakdev, Ahmedabad, Gujarat, India – 380059.
Exaoil Refinery operates in the agriculture industry, in the agro retail and distribution segment.
The compliance status of Exaoil Refinery is compliant as of 15 September 2026. The company is actively filing with the Registrar of Companies.