About Epsilon Carbon Private Limited
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Epsilon Carbon 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 27 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH2010PTC207156. Its GSTIN is 27AAICA7928E1ZJ (Maharashtra). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹66.23 Cr. It was formerly known as Avh Private Limited and Avh Chemicals Private Limited. It is led by directors including Vikram Handa (Managing Director) and Ratan Kumar Shah.
Its last annual general meeting (AGM) was held on 30 August 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 2025, the company reported a revenue of ₹2,733.41 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹150.09 Cr (net margin 5.5%) and EBITDA of ₹468.91 Cr (EBITDA margin 17.2%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 26% over five years.
The company has about 482 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
The company is associated with 1 brand: Epsilon Carbon. As per MCA filings, the company has open charges of ₹2,178.52 Cr and satisfied charges of ₹471.7 Cr on record. Court records list 24 cases involving the company, including 14 filed by the company and 10 filed against it; 4 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹66.22 Cr; the latest was in February 2021. Its 6 peer companies in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products) are compared by revenue, 3 larger and 3 smaller; the largest is Gulf Oil Lubricants India Limited with revenue of ₹3,729.9 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 56 overdue payments to 30 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website epsiloncarbon.com.
Company details
Name history
Epsilon Carbon has undergone 2 name changes throughout its history. The company was previously known as Avh Private Limited, and Avh Chemicals Private Limited. The current legal name is Epsilon Carbon Private Limited.
| Company Name | Status |
|---|---|
| Epsilon Carbon Private Limited | Current |
| Avh Private Limited | Previous |
| Avh Chemicals Private Limited | Previous |
Contact details
Epsilon Carbon Private Limited's registered office is in Mumbai, Maharashtra. Its website is epsiloncarbon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 46 Upadrastha House Dr. V B Gandhi Marg Kala Ghoda Fort Mu, Mbai, Mumbai, Maharashtra, India – 400001
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Epsilon Carbon Private 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
Epsilon Carbon operates one associated brand: Epsilon Carbon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of reinforcing grades and tread grades of hard carbon black and coal tar derivatives | epsiloncarbon.com |
Business activity
The main business activity of Epsilon Carbon 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 Epsilon Carbon Private Limited, buy the company report.
Financials of Epsilon Carbon Private Limited
FY 2024 filings availableEpsilon Carbon Private Limited reported revenue of ₹2,733.41 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 6% growth in the latest year. EBITDA rose 6% 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 |
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| EBITDA | ₹468.91 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹150.09 Cr | ||||
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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 | 17.2% | ||||
| Net Profit Margin | 5.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Epsilon Carbon Private Limited, buy the company report.
Board of directors of Epsilon Carbon Private Limited
Epsilon Carbon has 10 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratan Kumar Shah | Director | 02 Aug 2021 | 5 Years 2 Months | Current |
| Vikram Handa Also directs: Marmoris Arts LLP, Nyri Coal Tar Pitch Private Limited, Epsilon Aerospace Private Limited and 5 more | Managing Director | 23 Dec 2010 | 15 Years 10 Months | Current |
| Pavan Trivedi Also directs: Epsilon Holdings Private Limited, Epsilon Carbon Ashoka Private Limited, Chikara Everta Energy Private Limited and 5 more | Director | 22 Aug 2024 | 2 Years 2 Months | Current |
| Tarini Jindal Handa Also directs: Marmoris Arts LLP, Nyri Coal Tar Pitch Private Limited, Epsilon Aerospace Private Limited and 5 more | Director | 27 Aug 2010 | 16 Years 1 Months | Current |
| Nirmal Kumar Jain | Director | 24 Aug 2016 | 10 Years 2 Months | Current |
| Vinod Kumar Handa | Director | 24 Aug 2016 | 10 Years 2 Months | Current |
Peer comparison
Epsilon Carbon Private Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (Petrochemicals), 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 |
|---|---|---|---|---|---|---|
| Gulf Oil Lubricants India Limited | ₹3,729.9 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Ongc Mangalore Petrochemicals Limited | ₹3,398.63 Cr (FY 2021) | -31.0% | Mangalore, Karnataka, India | |||
| Panama Petrochem Limited | ₹2,805.17 Cr (FY 2025) | 18.0% | Ankleshwar, Gujarat, India | |||
| Epsilon Carbon Private Limitedthis company | ₹2,733.41 Cr (FY 2025) | ₹150.09 Cr | 5.5% | 6.0% | 482 | Mumbai, Maharashtra, India |
| Agarwal Industrial Corporation Limited | ₹2,409.47 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Valvoline Cummins Private Limited | ₹2,361.03 Cr (FY 2025) | 4.0% | New Delhi, Delhi, India | |||
| Veedol Corporation Limited | ₹1,988.87 Cr (FY 2025) | 2.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Epsilon Carbon Private Limited, buy the company report.
Auditor
Epsilon Carbon Private Limited is audited by HPVS & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HPVS & Associates | FY 2024 | 137533W |
Shareholding
The shareholding of Epsilon Carbon Private 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 Epsilon Carbon Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2025 | 101185807 | Others | ₹235 Cr | Open | |
| 15 Sep 2025 | 101165213 | Others | ₹25 Cr | Open | |
| 20 Dec 2024 | 101030179 | Others | ₹250 Cr | Open | |
| 13 Oct 2024 | 100997069 | Hdfc Bank Limited | ₹53.83 Cr | Open | |
| 14 May 2024 | 100928459 | Standard Chartered Bank | ₹100 Cr | Open |
To see the full charge records of Epsilon Carbon Private Limited, buy the company report.
Total charge records: 27 View all charges
Deals & funding
Epsilon Carbon Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹66.22 Cr; the latest was in February 2021.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: Handa Family Trust Seller: an individual |
| Nov 2013 | Funding round | ₹24.14 Cr | Investors: 2 individuals |
| Jun 2012 | Funding round | ₹30.52 Cr | Investors: an individual |
| Mar 2011 | Funding round | ₹11.56 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Epsilon Carbon Private Limited has 24 court cases on record: 14 filed by Epsilon Carbon, 10 filed against it. 4 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 6 | 2 |
| District courts | 7 | 3 | 1 |
| Supreme Court | 2 | 1 | 1 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by M/S Mahabir Coke Industries Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed by the company against Mahabir Coke Industries Pvt Ltd and 4 others | Disposed |
| Supreme Court | Arbitration matter | Filed by the company against CB Chemical Company LLC | Pending |
| High Court, KARNATAKA | Court case (CRL.P) | Filed against the company by an individual | Pending |
| District court, Kolhapur, Maharashtra | Civil suit | Filed by the company against M/S. Om Ganesh Airon Works @ Balasaheb V. Kate | Pending |
To see the full case history of Epsilon Carbon 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
Epsilon Carbon Private Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 56 overdue payments to 30 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 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Udyogi Plastics Pvt Ltd | |||
| Gem Sacks | |||
| an individual supplier | |||
| Inphase Power Technologies Private Limited |
To see the full MSME payment records of Epsilon Carbon Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Epsilon Carbon has 6 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Epsilon Carbon Ashoka Private Limited | U23209MH2021PTC355631 | |
| Epsilon Advanced Materials Private Limited | U24110MH2014PTC258718 | |
| Epsilon C2gr Private Limited | U24200MH2021PTC364055 | |
| Nyri Coal Tar Pitch Private Limited | U24304MH2018PTC322061 | |
| Epsilon Graphite Private Limited | U40300MH2020PTC343308 | |
| Jukyo Housing Private Limited | U68100MH2023PTC411470 |
To see the full group structure of Epsilon Carbon Private Limited, buy the company report.
Employees & EPFO
Epsilon Carbon Private Limited has a workforce of 482 employees on its EPFO records as of Sep 24, 2025, across 1 active EPFO establishment.
GST
Epsilon Carbon has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICA7928E1ZJ | Maharashtra | Active | 01 Jul 2017 |
| 27AAICA7928E2ZI | Maharashtra | Active | 25 Jul 2018 |
| 21AAICA7928E1ZV | Odisha | Active | 01 Jul 2017 |
| 29AAICA7928E1ZF | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Epsilon Carbon Private Limited, buy the company report.
Recent activity
Epsilon Carbon Private Limited has 22 board changes on record since 2010: 16 appointments and 6 cessations. The latest: Gaurav Mathur was appointed as Director on 22 Aug 2024.
58 earlier events are in the company report.
News
Frequently asked questions
Epsilon Carbon 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 27 August 2010 (16+ years old) and is registered under CIN U24100MH2010PTC207156.
Epsilon Carbon has 10 current directors:
- Vikram Handa - Managing Director
- Ratan Kumar Shah - Director
- Pavan Trivedi - Director
- Tarini Jindal Handa - Director
- Nirmal Kumar Jain - Director
- Vinod Kumar Handa - Director
- Lokendra Jain - Director
- Gaurav Mathur - Director
- Sunil Badriprasad Goyal - Director
- Bimal Lalitsingh Goculdas - Director
The latest financial statements of Epsilon Carbon on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Epsilon Carbon is 27AAICA7928E1ZJ, registered in Maharashtra. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 27AAICA7928E2ZI (Maharashtra), 21AAICA7928E1ZV (Odisha), 29AAICA7928E1ZF (Karnataka).
The CIN (Corporate Identification Number) of Epsilon Carbon is U24100MH2010PTC207156. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Epsilon Carbon has 24 court cases on record: 14 filed by the company and 10 filed against it. 4 are pending. Most are in the high courts.
Epsilon Carbon was incorporated on 27 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Epsilon Carbon has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹66.22 Cr; the latest was in February 2021.
The peers of Epsilon Carbon by revenue are Gulf Oil Lubricants India Limited, Ongc Mangalore Petrochemicals Limited, Panama Petrochem Limited, Agarwal Industrial Corporation Limited, Valvoline Cummins Private Limited and 1 more, all in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products).
Gaurav Mathur was appointed as Director on 22 Aug 2024. Pavan Trivedi was appointed as Director on 22 Aug 2024. Sunil Badriprasad Goyal was appointed as Director on 13 Feb 2024. Epsilon Carbon has 22 board changes on record in total.
Epsilon Carbon has 10 MSME Form 1 returns on record between 2019 and 2024, listing 56 overdue payments to 30 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Epsilon Carbon can be reached through the website epsiloncarbon.com. Its registered office is in Mumbai, Maharashtra, India.