About Innova Refining
Innova Refining is a Chemicals & Materials company based in Dubai (United Arab Emirates) founded in 2010. Petroleum and petrochemical products are traded and reprocessed by Innova. It operates in the Chemicals & Materials and Energy & Utilities sectors. Its Indian entity Petrocal Innova Private Limited reported revenue of ₹2.68 Cr. Its focus areas include Chemicals and Materials, Petrochemicals, Energy and Oil & Gas Downstream Services.
Company details
Innova was founded in 2010 and is headquartered in Dubai, United Arab Emirates. Operations are centered in the energy sector, where petroleum and petrochemical products are traded and reprocessed. Services encompass sourcing, refining, and distribution activities across regional markets. The firm maintains a focus on supply chain management within the petrochemical industry, supporting industrial and commercial needs in the Middle East and beyond.
- Headquarters Dubai, United Arab Emirates
- SectorsChemicals & MaterialsEnergy & Utilities
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- Website innovarefining.com
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- Legal Name Petrocal Innova Private Limited
- Date of Incorporation 20 Oct, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹2.68 Cr
FY 2021 · -61% YoY
- Indian entity net loss-₹3.9 Lakh
FY 2021 · -1% margin
- Indian entity EBITDA-₹3.1 Lakh
FY 2021 · -1% margin
Associated legal entities of Innova Refining
Innova Refining operates through Petrocal Innova Private Limited (under process of striking off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Petrocal Innova Private Limited CIN U24290MH2016PTC287000 | Under Process Of Striking Off | 20 Oct 2016 | Mumbai, Maharashtra | ₹2.7 Cr | 2 | View details |
Board of directors of Petrocal Innova Private Limited (Innova Refining)
Petrocal Innova Private Limited is the primary company behind Innova Refining. The board of Petrocal Innova Private Limited currently have 2 directors; the longest-serving is Arun Joy Arakkal, appointed in 2020. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arun Joy Arakkal DIN 08742118 | Director | 15 May 2020 | 6 yrs 5 mo | Petrocal Innova Private Limited |
| Sherine Kurichath Sebastian DIN 09288357 | Director | 06 Oct 2021 | 5 yrs | Petrocal Innova Private Limited |
Financials of Innova Refining
Figures of Petrocal Innova Private Limited, the primary company behind Innova Refining, for FY 2021. Revenue was ₹2.68 Cr (-61% year on year). Net loss was -₹3.9 Lakh (-1% margin). EBITDA was -₹3.1 Lakh (-1% margin). Revenue has grown at a compounded annual rate of -9% over three years.
- ₹2.68 CrRevenue · FY 2021 · -61% YoY
- -₹3.9 LakhNet loss · -1% margin
- -₹3.1 LakhEBITDA · -1% margin
- ₹1 LakhPaid-up capital
- -9%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Petrocal Innova Private Limited are on its company page.
Detailed financial statements for Innova Refining
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Frequently Asked Questions about Innova Refining
Innova Refining was founded in 2010.
Innova Refining is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
The primary company behind Innova Refining, Petrocal Innova Private Limited, reported revenue of ₹2.68 Cr for FY 2021, down 61% year on year.
Innova was founded in 2010 and is headquartered in Dubai, United Arab Emirates. Operations are centered in the energy sector, where petroleum and petrochemical products are traded and reprocessed. Services encompass sourcing, refining, and distribution activities across regional markets. The firm maintains a focus on supply chain management within the petrochemical industry, supporting industrial and commercial needs in the Middle East and beyond.
Innova Refining operates through Petrocal Innova Private Limited.
The legal entities of Innova Refining currently have 2 directors, including Arun Joy Arakkal, Sherine Kurichath Sebastian.