About Eco Fuel Systems (India ) Limited
Data last updated:
Eco Fuel Systems (India ) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 31 January 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U23121MH2003PLC138953. Its GSTIN is 27AABCE6454E1ZR (Maharashtra). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹15.75 Cr. It is led by directors including Virendra Vora (Managing Director) and Vibha Virendra Vora.
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 B – 102 Bellona Bldg Pant Nagar 90 Feet Road Ghatkopar (E), Mumbai, Maharashtra, India – 400075.
As per the financials filed for FY 2025, the company reported a revenue of ₹81.58 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹12.22 Cr (net margin 15%) and EBITDA of ₹17.35 Cr (EBITDA margin 21.3%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 13% over five years.
The company is associated with 1 brand: Ecofuel. As per MCA filings, the company has open charges of ₹30.9 Cr and satisfied charges of ₹14.5 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹12.47 Cr; the latest was in March 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ecofuel.in.
Company details
CIN history
Eco Fuel Systems (India ) has one previous CIN (Corporate Identification Number): U23121MH2003PTC138953. The current CIN is U23121MH2003PLC138953, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U23121MH2003PLC138953 | Current |
| U23121MH2003PTC138953 | Previous |
Contact details
Eco Fuel Systems (India ) Limited's registered office is in Mumbai, Maharashtra. Its website is ecofuel.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 102 Bellona Bldg Pant Nagar 90 Feet Road Ghatkopar (E), Mumbai, Maharashtra, India – 400075
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Eco Fuel Systems (India ) 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
Brands
Eco Fuel Systems (India ) operates one associated brand: Ecofuel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures automotive fuel systems for enhanced vehicle performance. | ecofuel.in |
Business activity
The main business activity of Eco Fuel Systems (India ) 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 Eco Fuel Systems (India ) Limited, buy the company report.
Financials of Eco Fuel Systems (India ) Limited
FY 2025 filings availableEco Fuel Systems (India ) Limited reported revenue of ₹81.58 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 7% growth in the latest year. EBITDA rose 51% 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 | ₹81.58 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹17.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.22 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.3% | ||||
| Net Profit Margin | 15% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Eco Fuel Systems (India ) Limited, buy the company report.
Board of directors and KMP of Eco Fuel Systems (India ) Limited
Eco Fuel Systems (India ) Limited currently reports 5 directors and 1 key managerial person. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nemin Virendra Vora Also directs: Jiya Sanbro Enterprises Private Limited, Magnum Cylinders Private Limited, Excel Enterprises Realty LLP and 5 more | Ceo | 23 Dec 2024 | 1 Years 10 Months | Current |
| Vibha Virendra Vora | Director | 31 Jan 2003 | 23 Years 9 Months | Current |
| Manish Rawal Also directs: Goodrich Cereals Limited, Acetech E-Commerce Limited, Aimone Advisory Services Private Limited and 1 more | Director | 07 Feb 2025 | 1 Years 8 Months | Current |
| Virendra Vora Also directs: Vibha Properties LLP, Magnum Cylinders Private Limited, Excel Enterprises Realty LLP and 5 more | Managing Director | 31 Jan 2003 | 23 Years 9 Months | Current |
| Raghavan Pillai Venugopal | Director | 05 Dec 2024 | 1 Years 10 Months | Current |
| Bharat Ratilal Mehta | Director | 05 Dec 2024 | 1 Years 10 Months | Current |
Auditor
Eco Fuel Systems (India ) Limited is audited by Vishal H Shah & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vishal H Shah & Associates | FY 2025 | 116422W |
Shareholding
The shareholding of Eco Fuel Systems (India ) Limited is on record for 5 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 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Eco Fuel Systems (India ) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Sep 2011 | 10310768 | Dhanlaxmi Bank Limited | ₹30.9 Cr | Open | |
| 26 Mar 2014 | 10523771 | Aditya Birla Finance Limited | ₹1 Cr | Satisfied | |
| 15 Jun 2007 | 10058226 | Bank of India | ₹13.5 Cr | Satisfied |
To see the full charge records of Eco Fuel Systems (India ) Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Eco Fuel Systems (India ) Limited has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹12.47 Cr; the latest was in March 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2011 | Funding round | ₹2 Cr | Investors: 2 individuals |
| Apr 2010 | Funding round | ₹5.87 Cr | Investors: 4 individuals |
| Mar 2009 | Funding round | ₹4.12 Cr | Investors: an individual |
To see the full deal history of Eco Fuel Systems (India ) 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
Eco Fuel Systems (India ) Limited has 2 court cases on record: 2 filed by Eco Fuel Systems (India ). 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Appeal | Filed by the company against National Insurance Company Limited | Pending |
| Allahabad High Court | Court case (WTAX) | Filed by the company against Additional Commissioner Grade- 2 and Another | Disposed |
To see the full case history of Eco Fuel Systems (India ) 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.
Credit ratings & regulatory alerts
Eco Fuel Systems (India ) Limited was last rated by Crisil on 14 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Feb 2020 |
To see the full credit ratings and regulatory alerts of Eco Fuel Systems (India ) Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Eco Fuel Systems (India ) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Eco Fuel Systems (India ) has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
GST
Eco Fuel Systems (India ) has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE6454E1ZR | Maharashtra | Active | 01 Jul 2017 |
| 27AABCE6454E2ZQ | Maharashtra | Active | 04 Sep 2025 |
| 06AABCE6454E1ZV | Haryana | Active | 01 Jul 2017 |
| 07AABCE6454E1ZT | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Eco Fuel Systems (India ) Limited, buy the company report.
Recent activity
Eco Fuel Systems (India ) Limited has 12 board changes on record since 2003: 6 appointments and 6 cessations. The latest: Manish Rawal ceased to be Additional Director on 09 Feb 2025.
10 earlier events are in the company report.
Frequently asked questions
Eco Fuel Systems (India ) is an active public limited company based in Mumbai, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 31 January 2003 (23+ years old) and is registered under CIN U23121MH2003PLC138953.
Eco Fuel Systems (India ) has 6 current directors and KMP:
- Virendra Vora - Managing Director
- Vibha Virendra Vora - Director
- Manish Rawal - Director
- Raghavan Pillai Venugopal - Director
- Bharat Ratilal Mehta - Director
- Nemin Virendra Vora - Ceo
The latest financial statements of Eco Fuel Systems (India ) 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 Eco Fuel Systems (India ) is 27AABCE6454E1ZR, registered in Maharashtra. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCE6454E2ZQ (Maharashtra), 06AABCE6454E1ZV (Haryana), 07AABCE6454E1ZT (Delhi).
The CIN (Corporate Identification Number) of Eco Fuel Systems (India ) is U23121MH2003PLC138953. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Eco Fuel Systems (India ) has 2 court cases on record: 2 filed by the company. 1 is pending. Most are in the high courts.
Eco Fuel Systems (India ) was incorporated on 31 January 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Eco Fuel Systems (India ) has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹12.47 Cr; the latest was in March 2024.
Manish Rawal ceased to be Additional Director on 09 Feb 2025. Manish Rawal was appointed as Director on 07 Feb 2025. Bharat Ratilal Mehta ceased to be Additional Director on 26 Jan 2025. Eco Fuel Systems (India ) has 12 board changes on record in total.
Eco Fuel Systems (India ) can be reached through the website ecofuel.in. Its registered office is in Mumbai, Maharashtra, India.
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