Formula Lubricants Limited - Company Profile

It is a chemicals and materials public limited company based in Aurangabad, Maharashtra, India, established in 1991.
1991 Aurangabad, Maharashtra, India Active
Last Updated:
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About Formula Lubricants Limited

Formula Lubricants Limited, a active public limited company, was established on 15 February 1991 in Aurangabad, Maharashtra, India. Engaging in petrochemicals & derivatives within the trade sector, it holds CIN: U23201MH1991PLC060323. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹1.00 Cr and a paid-up capital of ₹7.27 M.

It upholds a compliant status. Its leadership includes Veerdhawal Jawahirlal Gandhi (Director), Ajay Jawahirlal Gandhi (Director), Bhushan Chandraprabhu Shah (Director). Past directors included Jawahirlal Motilal Gandhi, Shivram Dhondo Khare. It holds ₹3.80 M open charges and no settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 5-14-42,Adalat Road,, Aurangabad, Maharashtra, 431005.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U23201MH1991PLC060323

  • Registration Number

    060323

  • Incorporation Date

    15 February 1991

  • Authorized Capital

    ₹1.00 Cr

  • Paid-Up Capital

    ₹7.27 M

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 7.27 M
  • Company Age 35 Year, 3 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 3.80 M
  • Revenue Growth **** -91.15%
  • Profit Growth **** -1132.36%
  • Ebitda **** -839.14%
  • Net Worth -25.19%
  • Total Assets -1.04%
Company report

Formula Lubricants Limited

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into Formula Lubricants Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Formula Lubricants Limited?
Current Directors
Name Designation Appointment Date Status
Veerdhawal Jawahirlal Gandhi Director 05 Aug 1994 Current
Ajay Jawahirlal Gandhi Director 05 Aug 1994 Current
Bhushan Chandraprabhu Shah Director 05 Aug 1994 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 13 Feb 2019 Past
Pramod Abcsdd Director 18 Oct 2017 Past

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Financial Performance of Formula Lubricants.

Formula Lubricants Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 91.15% decrease. The company also saw a substantial fall in profitability, with a 1132.36% decrease in profit. The company's net worth observed a substantial decline by a decrease of 25.19%.

Formula Lubricants revenue growth over time
Formula Lubricants profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -91.15%
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Revenue from Operations
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Total Assets
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 -1.04%
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Profit or Loss
*******
 -1132.36%
*******
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*******
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Net Worth
*******
 -25.19%
*******
*******
*******
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EBITDA
*******
 -839.14%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Formula Lubricants?

In 2021, Formula Lubricants had a promoter holding of 90.69% and a public holding of 9.30%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹3,800,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • The Saraswat Co- Op. Bank Ltd. : 0.20 Cr
  • Union Bank Of India : 0.18 Cr
Latest Charge Details
Date Lender Amount Status
13 Nov 1993 The Saraswat Co- Op. Bank Ltd. ₹2.00 M Open
04 Feb 1993 Union Bank Of India ₹1.80 M Open

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How Many Employees Work at Formula Lubricants?

Unlock and access historical data on people associated with Formula Lubricants, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Formula Lubricants, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Formula Lubricants's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Formula Lubricants
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Formula Lubricants Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was documented.

  • Balance Sheet

    The activity Formula Lubricants Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was completed.

  • Director Appointment

    Veerdhawal Jawahirlal Gandhi was appointed as a Director was appointed as a Director on 05 Aug 1994 & has been associated with this company since 31 years 9 months . was recorded as a recent event.

  • Director Appointment

    Ajay Jawahirlal Gandhi was appointed as a Director was appointed as a Director on 05 Aug 1994 & has been associated with this company since 31 years 9 months . was recorded as a recent event.

  • Director Appointment

    Progress on Bhushan Chandraprabhu Shah was appointed as a Director was appointed as a Director on 05 Aug 1994 & has been associated with this company since 31 years 9 months . was documented.

  • Charges

    The activity A charge with The Saraswat Co- Op. Bank Ltd. amounted to Rs. 0.20 Cr with Charge ID 90387006 was registered on 13 Nov 1993. was completed.

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Frequently Asked Questions
What is the CIN of Formula Lubricants Limited?

The CIN of Formula Lubricants Limited is U23201MH1991PLC060323.

Where is Formula Lubricants Limited headquartered?

Formula Lubricants Limited is headquartered at 5-14-42,Adalat Road,, Aurangabad, Maharashtra, 431005.

When was Formula Lubricants Limited incorporated?

Formula Lubricants Limited was incorporated on 15 February 1991.

Who are the current directors of Formula Lubricants Limited?

The current directors of Formula Lubricants Limited are

What is the primary industry of Formula Lubricants Limited?

The primary industry of Formula Lubricants Limited is Trade.

Is Formula Lubricants Limited a listed company?

Formula Lubricants Limited is unlisted.

What is the capital structure of Formula Lubricants Limited?

The authorized capital of Formula Lubricants Limited is ₹1.00 Cr, and the paid-up capital is ₹7.27 M.

What is the compliance status of Formula Lubricants Limited?

The compliance status of Formula Lubricants Limited is Compliant.

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