Advance Oleochem Private Limited
About Advance Oleochem Private Limited
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Advance Oleochem Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 08 February 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH2002PTC134845. Its GSTIN is 27AAECA7563P1Z1 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Renuka Ashok Shah and Ashokkumar Harilal Shah.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹66.81 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹31,963 (net margin -0.5%) and EBITDA of -₹30,484 (EBITDA margin -0.5%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 4% over five years.
Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Advance Oleochem Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlatno 1002 10th Floor Maitriresidency – 1 Borsapada Behind Poisar Bus Depot Kandiv, Ali, Mumbai, Maharashtra, India – 400067
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Advance Oleochem 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
Business activity
The main business activity of Advance Oleochem 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 Advance Oleochem Private Limited, buy the company report.
Financials of Advance Oleochem Private Limited
FY 2023 filings availableAdvance Oleochem Private Limited reported revenue of ₹66.81 Lakh (up 11543% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years. EBITDA fell 329% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹30,484 | ||||
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| Net Profit (PAT) | -₹31,963 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | -0.5% | ||||
| Net Profit Margin | -0.5% | ||||
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To see the full financial statements and ratios of Advance Oleochem Private Limited, buy the company report.
Board of directors of Advance Oleochem Private Limited
Advance Oleochem has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Renuka Ashok Shah | Director | 08 Feb 2002 | 24 Years 8 Months | Current |
| Ashokkumar Harilal Shah Also directs: Autumn Pharmachem Private Limited | Director | 08 Feb 2002 | 24 Years 8 Months | Current |
Peer comparison
Advance Oleochem Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Aryavart Manufacturing & Trading Private Limited | ₹66.84 Lakh (FY 2022) | Thane, Maharashtra, India | ||||
| Rydeout Products Private Limited | ₹66.84 Lakh (FY 2024) | 14689.0% | Pardi, Gujarat, India | |||
| CG Agro Projects Private Limited | ₹66.84 Lakh (FY 2025) | 73.0% | Gurgaon, Haryana, India | |||
| Mech-V Industrries Private Limited | ₹66.83 Lakh (FY 2025) | 227.0% | Mohan Nagar Ghaziabad, Uttar Pradesh, India | |||
| Avone Techsys Private Limited | ₹66.81 Lakh (FY 2025) | -67.0% | Delhi, India | |||
| Advance Oleochem Private Limitedthis company | ₹66.81 Lakh (FY 2023) | -₹31,963 | -0.5% | 11543.0% | Mumbai, Maharashtra, India | |
| Suhani Commotrade Private Limited | ₹66.81 Lakh (FY 2025) | -65.0% | Kolkata, West Bengal, India | |||
| Aakriti Synthetics Private Limited | ₹66.8 Lakh (FY 2025) | 124.0% | Ahmedabad, Gujarat, India | |||
| Ambeeka Safeweld Private Limited | ₹66.8 Lakh (FY 2025) | -7.0% | Howrah, West Bengal, India | |||
| DM Coal International Private Limited | ₹66.8 Lakh (FY 2024) | Berhampore, West Bengal, India | ||||
| Cgoc Constech and Services Private Limited | ₹66.79 Lakh (FY 2020) | 197.0% | Patna, Bihar, India |
To see the full peer comparison of Advance Oleochem Private Limited, buy the company report.
Auditor
Advance Oleochem Private Limited is audited by P V THAKER AND COMPANY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P V THAKER AND COMPANY | FY 2017 | 133400 |
Shareholding
The shareholding of Advance Oleochem Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Advance Oleochem Private Limited, buy the company report.
Legal cases
Advance Oleochem Private Limited has 6 court cases on record: 2 filed by Advance Oleochem, 4 filed against it. 2 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 1 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nainital, Uttarakhand | Commercial suit | Filed against the company by M/S Sheel Chand Agroils Pvt. Ltd. | Pending |
| High Court, MAHARASHTRA | Court case (EXA) | Filed against the company by Shristab Private Limited | Pending |
| District court, Nainital, Uttarakhand | Interim or miscellaneous application | Filed against the company by M/S Sheel Chand Agroils Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against Aryavart Chemicals Pvt Ltd | Disposed |
| High Court, MAHARASHTRA | Court case (APL) | Filed by the company against individuals | Disposed |
To see the full case history of Advance Oleochem Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Advance Oleochem Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Advance Oleochem has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECA7563P1Z1 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Advance Oleochem Private Limited, buy the company report.
Recent activity
Advance Oleochem Private Limited has 2 board changes on record since 2002: 2 appointments. The latest: Ashokkumar Harilal Shah was appointed as Director on 08 Feb 2002.
Frequently asked questions
Advance Oleochem is an active private limited company based in Mumbai, Maharashtra, India. The company works in wholesale, within the trading industry. It was incorporated on 08 February 2002 (24+ years old) and is registered under CIN U24230MH2002PTC134845.
Advance Oleochem has 2 current directors:
- Renuka Ashok Shah - Director
- Ashokkumar Harilal Shah - Director
The latest financial statements of Advance Oleochem on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Advance Oleochem is 27AAECA7563P1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Advance Oleochem is U24230MH2002PTC134845. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Advance Oleochem has 6 court cases on record: 2 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Advance Oleochem was incorporated on 08 February 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Advance Oleochem by revenue are Aryavart Manufacturing & Trading Private Limited, Rydeout Products Private Limited, CG Agro Projects Private Limited, Mech-V Industrries Private Limited, Avone Techsys Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Ashokkumar Harilal Shah was appointed as Director on 08 Feb 2002. Renuka Ashok Shah was appointed as Director on 08 Feb 2002.
The registered office of Advance Oleochem is at Flatno 1002 10th Floor Maitriresidency – 1 Borsapada Behind Poisar Bus Depot Kandiv, Ali, Mumbai, Maharashtra, India – 400067.
Advance Oleochem operates in the trading industry, in the wholesale segment.