MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0071121
Carol Petroleum Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹70.67 Cr
▲ 21% YoY
Net profit · FY 2024
₹1.48 Cr
Net margin 2.1%
EBITDA · FY 2024
₹3.78 Cr
EBITDA margin 5.3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹37 Lakh
Issued & subscribed
Open charges
₹24.26 Cr
Satisfied ₹15 Lakh
Company age
38 yrs
Est. 1988
Employees · EPFO
21
Provident fund records
About Carol Petroleum Private Limited
Data last updated:
Carol Petroleum Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 13 May 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25206MH1988PTC047364. Its GSTIN is 27AAACS0651E1ZR (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹37 Lakh. It was formerly known as Shreeji Plastics Private Limited. It is led by directors including Paresh Rajnikant Parekh and Falguni Paresh Parekh.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹70.67 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹1.48 Cr (net margin 2.1%) and EBITDA of ₹3.78 Cr (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 12% over five years.
The company has about 21 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹24.26 Cr and satisfied charges of ₹15 Lakh on record. Court records list 59 cases involving the company, including 57 filed by the company and 2 filed against it; 33 cases are pending.
Carol Petroleum Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0071121). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website carolpetroleum.com.
Company details
CIN U25206MH1988PTC047364
Registration Number 047364
Incorporation Date 13 May 1988
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0071121
Key People
Paresh Rajnikant Parekh Director Falguni Paresh Parekh Director Jash Paresh Parekh Director Recognitions & Rankings of Carol Petroleum
Contact details
Carol Petroleum Private Limited's registered office is in Mumbai, Maharashtra. Its website is carolpetroleum.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address201/202 Kaatyayni Business Center M.I.D.C. Off. Mahakali Caves Road Mulgaon Andh, Eri (East), Mumbai, Maharashtra, India – 400093
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Carol Petroleum Private Limited, buy the company report.
Comprehensive company report
Carol Petroleum 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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Business activity
The main business activity of Carol Petroleum 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 Carol Petroleum Private Limited, buy the company report.
Financials of Carol Petroleum Private Limited
FY 2024 filings availableCarol Petroleum Private Limited reported revenue of ₹70.67 Cr (up 21% YoY) for FY 2024.
Revenue · FY 2024
₹70.67 Cr ▲ 21%
Net profit · FY 2024
₹1.48 Cr margin 2.1%
EBITDA · FY 2024
₹3.78 Cr margin 5.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 26%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 15%
5 years · compounded
▲ 19%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 21% growth in the latest year. EBITDA rose 21% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.48 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.3% | ||||
| Net Profit Margin | 2.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Carol Petroleum Private Limited, buy the company report.
Board of directors of Carol Petroleum Private Limited
Carol Petroleum has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paresh Rajnikant Parekh Also directs: Carol India Private Limited | Director | 29 Nov 2021 | 4 Years 11 Months | Current |
| Falguni Paresh Parekh Also directs: Carol India Private Limited | Director | 29 Nov 2021 | 4 Years 11 Months | Current |
| Jash Paresh Parekh Also directs: Carol India Private Limited | Director | 09 Nov 2017 | 8 Years 11 Months | Current |
| Mahek Paresh Parekh Also directs: Carol India Private Limited | Director | 09 Nov 2017 | 8 Years 11 Months | Current |
Peer comparison
Carol Petroleum Private Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Petrochemicals, Petroleum), with the same principal business activity (coke and refined petroleum products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Velloils Lubricant and Petrochem Ltd | ₹73.02 Cr (FY 2024) | -21.0% | Mumbai, Maharashtra, India | |||
| Carol Petroleum Private Limitedthis company | ₹70.67 Cr (FY 2024) | ₹1.48 Cr | 2.1% | 21.0% | 21 | Mumbai, Maharashtra, India |
| Universal Petro-Chemicals Ltd | ₹70.63 Cr (FY 2025) | -38.0% | Kolkata, West Bengal, India | |||
| Mosil Lubricants Private Limited | ₹68.21 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Carol Petroleum Private Limited, buy the company report.
Auditor
Carol Petroleum Private Limited is audited by CHHEDA VYAS & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHHEDA VYAS & ASSOCIATES | FY 2022 | 115707W |
Shareholding
The shareholding of Carol Petroleum Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Carol Petroleum Private Limited, buy the company report.
Charges & borrowings
Open charges
₹24.26 Cr
Satisfied charges
₹15 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Mar 2024 | 100879852 | Others | ₹10 Cr | Open | |
| 04 Nov 2023 | 100830177 | Others | ₹15 Lakh | Open | |
| 23 Jun 2023 | 100736415 | Others | ₹6 Cr | Open | |
| 30 Jul 2022 | 100599891 | Others | ₹8 Cr | Open | |
| 10 Aug 2005 | 90242752 | Sundaram Finance Ltd | ₹4.3 Lakh | Open |
To see the full charge records of Carol Petroleum Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Carol Petroleum Private Limited has 59 court cases on record: 57 filed by Carol Petroleum, 2 filed against it. 33 cases are pending and 26 are disposed.
Total cases
59
Filed by the company
57
Filed against the company
2
Pending
33
Disposed
26
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 58 | 1 | 33 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against M/S. Srishti Kraft and Metals India Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against M/S. Srishti Kraft and Metals India Pvt. Ltd. and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against M/S. B.M Infrastructure Industries Pvt. Ltd. and 2 others | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against M/S Malhar Enterprises Through Proprietor Jitendra Kadam | Pending |
To see the full case history of Carol Petroleum 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
Carol Petroleum Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 107 overdue payments to 22 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 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Anil Bulk Movers India Private Limited | |||
| Avinash Cargo Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Carol Petroleum Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Carol Petroleum Private Limited has a workforce of 21 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
21
Active EPFO establishments
1
Employee growth
-12.5%
GST
Carol Petroleum has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS0651E1ZR | Maharashtra | Active | 01 Jul 2017 |
| 29AAACS0651E1ZN | Karnataka | Active | 11 Sep 2023 |
| 05AAACS0651E1ZX | Uttarakhand | Active | 28 Jun 2024 |
| 24AAACS0651E1ZX | Gujarat | Active | 26 Sep 2024 |
To see the full GST registrations and return filing status of Carol Petroleum Private Limited, buy the company report.
Recent activity
Carol Petroleum Private Limited has 10 board changes on record since 2014: 4 appointments and 6 cessations. The latest: Falguni Paresh Parekh was appointed as Director on 29 Nov 2021.
AGM
Carol Petroleum Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Carol Petroleum Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 1,000.00 Lakh with Charge ID 100879852 was registered on 04 Mar 2024.
Charges
A charge with Others amounted to Rs. 15.00 Lakh with Charge ID 100830177 was registered on 04 Nov 2023.
Charges
A charge with Others amounted to Rs. 600.00 Lakh with Charge ID 100736415 was registered on 23 Jun 2023.
Charges
A charge with Others amounted to Rs. 800.00 Lakh with Charge ID 100599891 was registered on 30 Jul 2022.
Appointed
Falguni Paresh Parekh was appointed as Director.
Appointed
Paresh Rajnikant Parekh was appointed as Director.
Ceased
Falguni Paresh Parekh ceased to be Director.
Ceased
Paresh Rajnikant Parekh ceased to be Director.
Appointed
Jash Paresh Parekh was appointed as Director.
Ceased
Jash Paresh Parekh ceased to be Director.
10 earlier events are in the company report.
Frequently asked questions
Carol Petroleum is an active private limited company based in Mumbai, Maharashtra, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 13 May 1988 (38+ years old) and is registered under CIN U25206MH1988PTC047364.
Carol Petroleum has 4 current directors:
- Paresh Rajnikant Parekh - Director
- Falguni Paresh Parekh - Director
- Jash Paresh Parekh - Director
- Mahek Paresh Parekh - Director
The latest financial statements of Carol Petroleum 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 2015 are in the company report.
The GSTIN of Carol Petroleum is 27AAACS0651E1ZR, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAACS0651E1ZN (Karnataka), 05AAACS0651E1ZX (Uttarakhand), 24AAACS0651E1ZX (Gujarat).
The CIN (Corporate Identification Number) of Carol Petroleum is U25206MH1988PTC047364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Carol Petroleum has 59 court cases on record: 57 filed by the company and 2 filed against it. 33 are pending. Most are in the district courts.
Carol Petroleum was incorporated on 13 May 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Carol Petroleum by revenue are Velloils Lubricant and Petrochem Ltd, Universal Petro-Chemicals Ltd, Mosil Lubricants Private Limited, all in the Chemicals industry (Petrochemicals, Petroleum), with the same principal business activity (coke and refined petroleum products).
Falguni Paresh Parekh was appointed as Director on 29 Nov 2021. Paresh Rajnikant Parekh was appointed as Director on 29 Nov 2021. Falguni Paresh Parekh ceased to be Director on 29 Mar 2019. Carol Petroleum has 10 board changes on record in total.
Yes, Carol Petroleum is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0071121).
Carol Petroleum has 10 MSME Form 1 returns on record between 2019 and 2023, listing 107 overdue payments to 22 micro and small suppliers. The latest return was filed on 08 Dec 2023.
Carol Petroleum can be reached through the website carolpetroleum.com. Its registered office is in Mumbai, Maharashtra, India.
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