About Petrocal Innova Private Limited
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Petrocal Innova Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 20 October 2016.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24290MH2016PTC287000. Its GSTIN is 27AAICP8338F2Z3 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Arun Joy Arakkal and Sherine Kurichath Sebastian.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 504 Deluxe Court R.V. Bambardekar Road Next To Patkar Blocks Bandra (W), Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.68 Cr, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹3.88 Lakh (net margin -1.4%) and EBITDA of -₹3.13 Lakh (EBITDA margin -1.2%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years.
The company is associated with 1 brand: Innova Refining.
The last known website on record is innovarefining.com.
Company details
Contact details
Petrocal Innova Private Limited's registered office is in Mumbai, Maharashtra. Its website is innovarefining.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address504 Deluxe Court R.V. Bambardekar Road Next To Patkar Blocks Bandra (W), Mumbai, Maharashtra, India – 400050
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Petrocal Innova Private 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
Brands
Petrocal Innova operates one associated brand: Innova Refining. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Petroleum and petrochemical products are traded and reprocessed by Innova. | innovarefining.com |
Business activity
The main business activity of Petrocal Innova 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 |
Financials of Petrocal Innova Private Limited
FY 2024 filings availablePetrocal Innova Private Limited reported revenue of ₹2.68 Cr (down 61% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over three years, including a 61% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.68 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.13 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.88 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.2% | ||||
| Net Profit Margin | -1.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Petrocal Innova Private Limited, buy the company report.
Board of directors of Petrocal Innova Private Limited
Petrocal Innova has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Joy Arakkal Also directs: Euro Wines LLP, Arun Agro Industries (India) Private Limited, Arun Agrofarms India Private Limited and 3 more | Director | 15 May 2020 | 6 Years 5 Months | Current |
| Sherine Kurichath Sebastian | Director | 06 Oct 2021 | 5 Years 0 Months | Current |
Auditor
Petrocal Innova Private Limited is audited by Bharat Dharamdas & Associates LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bharat Dharamdas & Associates LLP | FY 2021 | W100374 |
Shareholding
The shareholding of Petrocal Innova Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Petrocal Innova Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Petrocal Innova Private 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 Petrocal Innova Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Petrocal Innova has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICP8338F2Z3 | Maharashtra | Active | 13 Sep 2017 |
To see the full GST registrations and return filing status of Petrocal Innova Private Limited, buy the company report.
Recent activity
Petrocal Innova Private Limited has 6 board changes on record since 2020: 2 appointments and 4 cessations. The latest: Sherine Kurichath Sebastian ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Petrocal Innova is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Petrocal Innova is a company pending strike off, currently registered as a private limited company based in Mumbai, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 20 October 2016 and is registered under CIN U24290MH2016PTC287000. The company may be struck off soon - caution is advised.
The compliance status of Petrocal Innova is compliant as of 28 August 2026.
Petrocal Innova has 2 current directors:
- Arun Joy Arakkal - Director
- Sherine Kurichath Sebastian - Director
The CIN (Corporate Identification Number) of Petrocal Innova is U24290MH2016PTC287000. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Petrocal Innova was incorporated on 20 October 2016. It is registered with the Registrar of Companies, Mumbai.
Petrocal Innova can be reached through the website innovarefining.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Petrocal Innova is at 504 Deluxe Court R.V. Bambardekar Road Next To Patkar Blocks Bandra W, Mumbai, Maharashtra, India – 400050.
The latest financial statements of Petrocal Innova on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Petrocal Innova is 27AAICP8338F2Z3, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
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