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Biofuelcircle Private Limited - environment in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹50.19 Cr
▲ 63% YoY
Net loss · FY 2025
₹4.06 Cr
Net margin -8.1%
EBITDA · FY 2025
₹3.09 Cr
EBITDA margin 6.2%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.22 Cr
Issued & subscribed
Open charges
₹205.4 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
38
Provident fund records
About Biofuelcircle Private Limited
Data last updated:
Biofuelcircle Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the biofuel and biomass energy segment of the environmental services sector. It was incorporated on 23 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2020PTC191468. Its GSTIN is 27AAJCB0595R1ZX (Maharashtra). The company holds 9 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.22 Cr. It is led by directors including Ashwin Vasant Save (Managing Director) and Rajeev Kumar.
Its last annual general meeting (AGM) was held on 09 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹50.19 Cr, a growth of 63% compared to the previous year. For the same year it recorded a net loss of ₹4.06 Cr (net margin -8.1%) and EBITDA of ₹3.09 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 183% over three years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: BiofuelCircle. As per MCA filings, the company has open charges of ₹205.4 Cr on record. The company has 10 deals on record (7 funding rounds, 2 rights issues, 1 debt financing), with disclosed funding of ₹173.29 Cr; the latest was in July 2026. The company has 10 MSME Form 1 returns on record between 2021 and 2024, listing 180 overdue payments to 18 micro and small suppliers.
Biofuelcircle Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0003450). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website biofuelcircle.com.
Company details
CIN U72900PN2020PTC191468
Registration Number 191468
Incorporation Date 23 June 2020
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 09 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-26-0003450
Key People
Ashwin Vasant Save Managing Director Rajeev Kumar Director Amod Madhukar Khanorkar Director Recognitions & Rankings of Biofuelcircle
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0003450
Contact details
Biofuelcircle Private Limited's registered office is in Pune, Maharashtra. Its website is biofuelcircle.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address3rd Floor Gaikwad Avenue, S No 127/1 A Off Iti Road, Pune, Maharashtra, India – 411007
- IndustryEnvironment, Biofuel & Biomass Energy
To see the full contact details of Biofuelcircle Private Limited, buy the company report.
Comprehensive company report
Biofuelcircle 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
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Brands
Biofuelcircle operates one associated brand: BiofuelCircle. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Biofuel and biomass supply chain is connected via digital marketplace. | biofuelcircle.com |
Business activity
The main business activity of Biofuelcircle is information and communication. In detail, this covers computer programming, consultancy and related activities and data processing, hosting and related activities; web portal. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | |
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Biofuelcircle Private Limited, buy the company report.
Financials of Biofuelcircle Private Limited
FY 2025 filings availableBiofuelcircle Private Limited reported revenue of ₹50.19 Cr (up 63% YoY) for FY 2025.
Revenue · FY 2025
₹50.19 Cr ▲ 63%
Net loss · FY 2025
₹4.06 Cr margin -8.1%
EBITDA · FY 2025
₹3.09 Cr margin 6.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 63%
3 years · compounded
▲ 183%
Revenue has grown at a compounded annual rate (CAGR) of 183% over three years, including 63% growth 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹50.19 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.06 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 6.2% | ||||
| Net Profit Margin | -8.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Biofuelcircle Private Limited, buy the company report.
Board of directors of Biofuelcircle Private Limited
Biofuelcircle has 9 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Kumar | Director | 07 Jul 2023 | 3 Years 3 Months | Current |
| Amod Madhukar Khanorkar Also directs: Indus Ratings Private Limited | Director | 22 May 2023 | 3 Years 5 Months | Current |
| Indu Jacob Also directs: KSH International Limited | Director | 09 Aug 2025 | 1 Years 2 Months | Current |
| Shishir Joshipura | Director | 20 Dec 2025 | 0 Years 10 Months | Current |
| Pradeep Kumar Bhargava Also directs: Delval Flow Controls Private Limited, Indus Ratings Private Limited, Socomp Solutions Private Limited and 2 more | Director | 30 Aug 2023 | 3 Years 1 Months | Current |
| Renil Rajendra Gogri Also directs: Abhilasha Ventures Limited Liability Partnership, Pooja Unichem LLP, Aar Em Ventures LLP and 5 more | Director | 15 Apr 2025 | 1 Years 6 Months | Current |
Showing 6 of 9 current directors. View all directors
Auditor
Biofuelcircle Private Limited is audited by Chandorkar & Limaye for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chandorkar & Limaye | FY 2024 | 101669W |
Shareholding
The shareholding of Biofuelcircle Private Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Biofuelcircle Private Limited, buy the company report.
Charges & borrowings
Open charges
₹205.4 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Aug 2026 | 101381772 | Hdfc Bank Limited | ₹5.9 Cr | Open | |
| 01 Jul 2026 | 101354621 | Others | ₹15 Cr | Open | |
| 30 May 2026 | 101356897 | Others | ₹5 Cr | Open | |
| 27 May 2026 | 101311249 | Others | ₹2 Cr | Open | |
| 12 Nov 2025 | 101194015 | Hdfc Bank Limited | ₹25 Cr | Open |
To see the full charge records of Biofuelcircle Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Biofuelcircle Private Limited has 10 deals on record (7 funding rounds, 2 rights issues, 1 debt financing), with disclosed funding of ₹173.29 Cr; the latest was in July 2026.
Total deals
10
Funding rounds
7
Rights issues
2
Debt financing
1
Disclosed funding
₹173.29 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Funding round | ₹30 Cr | Investors: Pooja Unichem LLP , Karma Capital Advisors Private Limited , 2 individuals |
| Jul 2026 | Debt financing | ₹5 Cr | |
| Aug 2025 | Funding round | ₹70.03 Cr | Investors: Aar Em Ventures - Spectrum Impact, Map Investments, 2 individuals |
| Jul 2024 | Funding round | ₹20 Cr | Investors: Aar Em Ventures - Spectrum Impact |
| Jul 2024 | Funding round | ₹24.3 Cr | Investors: Aar Em Ventures - Spectrum Impact, 3 individuals |
To see the full deal history of Biofuelcircle Private Limited, buy the company report.
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 Biofuelcircle 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
Biofuelcircle Private Limited has 10 MSME Form 1 returns on record between 2021 and 2024, listing 180 overdue payments to 18 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Samanvay Advertising and Communications Private Limited | |||
| an individual supplier | |||
| Green and Green Bio Energy Fuel | |||
| an individual supplier |
To see the full MSME payment records of Biofuelcircle Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Biofuelcircle Private Limited has a workforce of 38 employees on its EPFO records as of Nov 08, 2024, across 1 active EPFO establishment.
Employee count
38
Active EPFO establishments
1
Employee growth
5.56%
GST
Biofuelcircle has 9 GST registrations: 9 active. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
9
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCB0595R1ZX | Maharashtra | Active | 15 Jul 2020 |
| 27AAJCB0595R1C8 | Maharashtra | Active | 09 Jan 2021 |
| 33AAJCB0595R1Z4 | Tamil Nadu | Active | 31 Oct 2021 |
| 24AAJCB0595R1Z3 | Gujarat | Active | 07 Dec 2021 |
To see the full GST registrations and return filing status of Biofuelcircle Private Limited, buy the company report.
Recent activity
Biofuelcircle Private Limited has 9 board changes on record since 2020: 9 appointments. The latest: Shishir Joshipura was appointed as Director on 20 Dec 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5.90 Cr with Charge ID 101381772 was registered on 13 Aug 2026.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101354621 was registered on 01 Jul 2026.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101356897 was registered on 30 May 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 25.00 Cr registered on 12 Nov 2025 with Charge ID 101194015 was modified on 29 May 2026.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 101311249 was registered on 27 May 2026.
Charges
A charge with Others of Rs. 75.00 Cr registered on 30 Jun 2025 with Charge ID 101128341 was modified on 05 Mar 2026.
Charges
A charge with Others of Rs. 71.50 Cr registered on 03 Sep 2024 with Charge ID 100984582 was modified on 05 Mar 2026.
Appointed
Shishir Joshipura was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 25.00 Cr with Charge ID 101194015 was registered on 12 Nov 2025.
AGM
Biofuelcircle Private Limited last Annual general meeting of members was held on 09 Aug 2025 as per latest MCA records.
Appointed
Amitabha Mukhopadhyay was appointed as Director.
Appointed
Indu Jacob was appointed as Director.
13 earlier events are in the company report.
News
Frequently asked questions
Biofuelcircle is an active private limited company based in Pune, Maharashtra, India. The company works in biofuel and biomass energy, within the environment industry. It was incorporated on 23 June 2020 (6+ years old) and is registered under CIN U72900PN2020PTC191468.
Biofuelcircle has 9 current directors:
- Ashwin Vasant Save - Managing Director
- Rajeev Kumar - Director
- Amod Madhukar Khanorkar - Director
- Indu Jacob - Director
- Shishir Joshipura - Director
- Pradeep Kumar Bhargava - Director
- Renil Rajendra Gogri - Director
- Suhas Gangadhar Baxi - Director
- Amitabha Mukhopadhyay - Director
The latest financial statements of Biofuelcircle on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 09 August 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Biofuelcircle is 27AAJCB0595R1ZX, registered in Maharashtra. The company has 9 GST registrations in all, of which 9 are active. Other active GSTINs include 27AAJCB0595R1C8 (Maharashtra), 33AAJCB0595R1Z4 (Tamil Nadu), 24AAJCB0595R1Z3 (Gujarat).
The CIN (Corporate Identification Number) of Biofuelcircle is U72900PN2020PTC191468. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Biofuelcircle was incorporated on 23 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Pune.
Biofuelcircle has 10 deals on record (7 funding rounds, 2 rights issues, 1 debt financing), with disclosed funding of ₹173.29 Cr; the latest was in July 2026.
Shishir Joshipura was appointed as Director on 20 Dec 2025. Amitabha Mukhopadhyay was appointed as Director on 09 Aug 2025. Indu Jacob was appointed as Director on 09 Aug 2025. Biofuelcircle has 9 board changes on record in total.
Yes, Biofuelcircle is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Biofuelcircle is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0003450).
Biofuelcircle has 10 MSME Form 1 returns on record between 2021 and 2024, listing 180 overdue payments to 18 micro and small suppliers. The latest return was filed on 02 May 2024.