Formula Lubricants Limited
About Formula Lubricants Limited
Data last updated:
Formula Lubricants Limited is a public limited company based in Aurangabad, Maharashtra, India, a subsidiary of Veerdhawal Investments Pvt Ltd. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 15 February 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U23201MH1991PLC060323.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹72.65 Lakh. It is led by directors including Veerdhawal Jawahirlal Gandhi and Ajay Jawahirlal Gandhi.
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 5 – 14 – 42 Adalat Road, Aurangabad, Maharashtra, India – 431005.
As per MCA filings, the company has open charges of ₹38 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Formula Lubricants has one previous CIN (Corporate Identification Number): L23201MH1991PLC060323. The current CIN is U23201MH1991PLC060323, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U23201MH1991PLC060323 | Current |
| L23201MH1991PLC060323 | Previous |
Contact details
Formula Lubricants Limited's registered office is in Aurangabad, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address5 – 14 – 42 Adalat Road, Aurangabad, Maharashtra, India – 431005
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Formula Lubricants 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
Business activity
The main business activity of Formula Lubricants 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 |
Financials of Formula Lubricants Limited
FY 2025 filings availableFormula Lubricants Limited reported revenue of ₹226 (down 97% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 69% over five years, including a 97% fall 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
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Financial Ratios
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To see the full financial statements and ratios of Formula Lubricants Limited, buy the company report.
Board of directors of Formula Lubricants Limited
Formula Lubricants has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veerdhawal Jawahirlal Gandhi | Director | 05 Aug 1994 | 32 Years 2 Months | Current |
| Ajay Jawahirlal Gandhi | Director | 05 Aug 1994 | 32 Years 2 Months | Current |
| Bhushan Chandraprabhu Shah | Director | 05 Aug 1994 | 32 Years 2 Months | Current |
Auditor
Formula Lubricants Limited is audited by C A A G & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C A A G & ASSOCIATES | FY 2021 | 124944W |
Shareholding
The shareholding of Formula Lubricants Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Formula Lubricants Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Nov 1993 | 90387006 | The Saraswat Co- Op. Bank Ltd. | ₹20 Lakh | Open | |
| 04 Feb 1993 | 90375555 | Union Bank of India | ₹18 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Formula Lubricants 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
No delayed payments to MSME suppliers are on our record for Formula Lubricants Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Formula Lubricants Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Formula Lubricants Limited has 5 board changes on record since 1994: 3 appointments and 2 cessations. The latest: Jawahirlal Motilal Gandhi ceased to be Director on 13 Feb 2019.
Frequently asked questions
Formula Lubricants is an active public limited company based in Aurangabad, Maharashtra, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 15 February 1991 (35+ years old) and is registered under CIN U23201MH1991PLC060323.
Formula Lubricants has 3 current directors:
- Veerdhawal Jawahirlal Gandhi - Director
- Ajay Jawahirlal Gandhi - Director
- Bhushan Chandraprabhu Shah - Director
The latest financial statements of Formula Lubricants 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 CIN (Corporate Identification Number) of Formula Lubricants is U23201MH1991PLC060323. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formula Lubricants was incorporated on 15 February 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Jawahirlal Motilal Gandhi ceased to be Director on 13 Feb 2019. Shivram Dhondo Khare ceased to be Director on 18 Oct 2017. Ajay Jawahirlal Gandhi was appointed as Director on 05 Aug 1994. Formula Lubricants has 5 board changes on record in total.
The registered office of Formula Lubricants is at 5 – 14 – 42 Adalat Road, Aurangabad, Maharashtra, India – 431005.
Formula Lubricants operates in the chemicals and materials industry, in the petrochemicals and derivatives segment.
Formula Lubricants has open charges of ₹38 Lakh and no satisfied charges on record as per latest MCA filings.
The compliance status of Formula Lubricants is compliant as of 19 July 2026. The company is actively filing with the Registrar of Companies.