MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-15-0005430
Bana Refinery Private Limited
Bana Refinery Private Limited - food and beverages in Kolhapur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹30.27 Cr
▼ 23% YoY
Net loss · FY 2024
₹47.03 Lakh
Net margin -1.6%
EBITDA · FY 2024
₹24.89 Lakh
EBITDA margin 0.8%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹37.29 Lakh
Issued & subscribed
Open charges
₹3.4 Cr
Satisfied ₹50 Lakh
Company age
30 yrs
Est. 1996
Employees · EPFO
7
Provident fund records
About Bana Refinery Private Limited
Data last updated:
Bana Refinery Private Limited is a private limited company based in Kolhapur, Maharashtra, India. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 19 September 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U15142MH1996PTC102698. Its GSTIN is 27AAACB7403R1ZD (Maharashtra).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹37.29 Lakh. It was formerly known as Bana Refinary Private Limited. It is led by directors Denish Bhagwanji Patel and Nilesh Bhagawanji Patel.
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 Kolhapur, Maharashtra, India – 416001.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.27 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹47.03 Lakh (net margin -1.6%) and EBITDA of ₹24.89 Lakh (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 5% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bana Refinery. As per MCA filings, the company has open charges of ₹3.4 Cr and satisfied charges of ₹50 Lakh on record. The company has 3 deals on record (3 secondary share transfers); the latest was in September 2016.
Bana Refinery Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-15-0005430). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U15142MH1996PTC102698
Registration Number 102698
Incorporation Date 19 September 1996
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-15-0005430
Recognitions & Rankings of Bana Refinery
Contact details
Bana Refinery Private Limited's registered office is in Kolhapur, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressKolhapur, Maharashtra, India – 416001
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Bana Refinery Private Limited, buy the company report.
Comprehensive company report
Bana Refinery Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Bana Refinery operates one associated brand: Bana Refinery. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Recycled lubricating oil manufacturing and base oil supplying in India. | banarefinery.com |
Business activity
The main business activity of Bana Refinery is manufacturing. In detail, this covers coke and refined petroleum products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C5 | Coke and refined petroleum products |
To see the full business activity and turnover split of Bana Refinery Private Limited, buy the company report.
Financials of Bana Refinery Private Limited
FY 2025 filings availableBana Refinery Private Limited reported revenue of ₹30.27 Cr (down 23% YoY) for FY 2024.
Revenue · FY 2024
₹30.27 Cr ▼ 23%
Net loss · FY 2024
₹47.03 Lakh margin -1.6%
EBITDA · FY 2024
₹24.89 Lakh margin 0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 23%
3 years · compounded
▲ 12%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 59%
3 years · compounded
▼ 23%
5 years · compounded
▲ 7%
Revenue fell 23% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 59% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹24.89 Lakh | ||||
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| Net Profit (PAT) | -₹47.03 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | -1.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Bana Refinery Private Limited, buy the company report.
Board of directors of Bana Refinery Private Limited
Bana Refinery has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Denish Bhagwanji Patel Also directs: Bana Metaliks LLP, Bana Technologies Private Limited | Director | 25 Aug 2016 | 10 Years 2 Months | Current |
| Nilesh Bhagawanji Patel | Director | 25 Aug 2016 | 10 Years 2 Months | Current |
Auditor
Bana Refinery Private Limited is audited by CHETAN OSWAL AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHETAN OSWAL AND ASSOCIATES | FY 2023 | 124540W |
Shareholding
The shareholding of Bana Refinery Private 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 Bana Refinery Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.4 Cr
Satisfied charges
₹50 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Oct 2022 | 100621151 | Others | ₹3.4 Cr | Open | |
| 05 Jan 2004 | 90092415 | Annasaheb Karale Janta Sah. Bank Ltd | ₹35 Lakh | Satisfied | |
| 11 Dec 2003 | 90092385 | Annasaheb Karale Janta Sah. Bank Ltd | ₹15 Lakh | Satisfied |
To see the full charge records of Bana Refinery Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Bana Refinery Private Limited has 3 deals on record (3 secondary share transfers); the latest was in September 2016.
Total deals
3
Secondary share transfers
3
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Apr 2010 | Secondary share transfer | Undisclosed | Buyer: Sureshbhai Becharbhai Vamja HUF, 3 individuals Seller: 4 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Bana Refinery 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 Bana Refinery Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bana Refinery Private Limited has a workforce of 7 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Employee growth
-12.5%
GST
Bana Refinery has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB7403R1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bana Refinery Private Limited, buy the company report.
Recent activity
Bana Refinery Private Limited has 18 board changes on record since 1996: 10 appointments and 8 cessations. The latest: Luv Dinesh Patel ceased to be Director on 01 Sep 2016.
AGM
Bana Refinery Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Bana Refinery Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Others of Rs. 340.00 Lakh registered on 20 Oct 2022 with Charge ID 100621151 was modified on 03 Oct 2023.
Charges
A charge with Others amounted to Rs. 340.00 Lakh with Charge ID 100621151 was registered on 20 Oct 2022.
Ceased
Luv Dinesh Patel ceased to be Director.
Ceased
Sameer Manubhai Patel ceased to be Director.
Ceased
Sandeepkumar Bhagwanji Patel ceased to be Director.
Appointed
Denish Bhagwanji Patel was appointed as Director.
Appointed
Nilesh Bhagawanji Patel was appointed as Director.
Ceased
Atul Mohanlal Patel ceased to be Director.
Ceased
Kalpeshkumar Vinodrai Kalavadia ceased to be Director.
Ceased
Bharatkumar Vinubhai Changela ceased to be Director.
15 earlier events are in the company report.
Frequently asked questions
Bana Refinery is an active private limited company based in Kolhapur, Maharashtra, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 19 September 1996 (30+ years old) and is registered under CIN U15142MH1996PTC102698.
Bana Refinery has 2 current directors:
- Denish Bhagwanji Patel - Director
- Nilesh Bhagawanji Patel - Director
The latest financial statements of Bana 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 2015 are in the company report.
The GSTIN of Bana Refinery is 27AAACB7403R1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bana Refinery is U15142MH1996PTC102698. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bana Refinery was incorporated on 19 September 1996, making it 30+ years old. It is registered with the Registrar of Companies, Pune.
Bana Refinery has 3 deals on record (3 secondary share transfers); the latest was in September 2016.
Luv Dinesh Patel ceased to be Director on 01 Sep 2016. Sameer Manubhai Patel ceased to be Director on 01 Sep 2016. Sandeepkumar Bhagwanji Patel ceased to be Director on 01 Sep 2016. Bana Refinery has 18 board changes on record in total.
Yes, Bana Refinery is registered as a small enterprise under Udyam registration (number: UDYAM-MH-15-0005430).
The registered office of Bana Refinery is at Kolhapur, Maharashtra, India – 416001.