Formula Lubricants Limited
About Formula Lubricants Limited
Data last updated: 11 January 2026
Formula Lubricants Limited is a public limited company based in Aurangabad, Maharashtra, India, a subsidiary of Veerdhawal Investments Pvt Ltd. It specialises in petrochemicals and derivatives, a part of the broader chemicals and materials sector. Incorporated on 15 February 1991, the company has been in operation for over 35 years.
Registered with ROC Mumbai under CIN U23201MH1991PLC060323.
Capital: 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.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: 5 – 14 – 42 Adalat Road, Aurangabad, Maharashtra, India – 431005.
As per the financials filed for FY 2023, the company reported a revenue of ₹226, a decline of 97% compared to the previous year.
It operates as a subsidiary of Veerdhawal Investments Pvt Ltd.
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.
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Registered Address5 – 14 – 42 Adalat Road, Aurangabad, Maharashtra, India – 431005
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IndustryChemicals and Materials, Petrochemicals & Derivatives
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Formula Lubricants Limited
Formula Lubricants Limited 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 |
Business Activity of Formula Lubricants Limited
Formula Lubricants Limited is engaged in the principal business activity of trade, with detailed activities including wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details for Formula Lubricants Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
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Auditor Details of Formula Lubricants Limited
Formula Lubricants Limited is audited by C A A G & ASSOCIATES for the financial year 2021. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C A A G & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Formula Lubricants Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
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Board of Directors of Formula Lubricants Limited
Formula Lubricants Limited is currently managed by 3 directors, with 2 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veerdhawal Jawahirlal Gandhi | Director | 05 Aug 1994 | 32 Years 0 Months | Current |
| Ajay Jawahirlal Gandhi | Director | 05 Aug 1994 | 32 Years 0 Months | Current |
| Bhushan Chandraprabhu Shah | Director | 05 Aug 1994 | 32 Years 0 Months | Current |
Financials of Formula Lubricants Limited FY 2025 filings available
Formula Lubricants Limited reported revenue of ₹226 (down 97.00% YoY) for FY 2023.
Ten-year financial statements for Formula Lubricants Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
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Ownership and Shareholding of Formula Lubricants Limited
Shareholding and ownership data for Formula Lubricants Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Charges & Borrowings of Formula Lubricants Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Nov 1993 | The Saraswat Co- Op. Bank Ltd. | ₹20 Lakh | Open |
| 04 Feb 1993 | Union Bank of India | ₹18 Lakh | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Formula Lubricants Limited
View historical data on people associated with Formula Lubricants Limited, including employment history and EPFO contributions.
Employee and EPFO history for Formula Lubricants Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Formula Lubricants Limited
GST registrations and filing compliance for Formula Lubricants Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
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- State-wise filing status
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Credit Ratings, Litigation & Regulatory Alerts for Formula Lubricants Limited
Credit ratings, litigation, and regulatory alerts for Formula Lubricants Limited
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- Rating history
- Court and tribunal cases
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MSME Payment Delays by Formula Lubricants Limited
MSME payment history for Formula Lubricants Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
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Subsidiaries & Group Companies of Formula Lubricants Limited
Corporate group structure for Formula Lubricants Limited
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MCA Filings & Documents of Formula Lubricants Limited
MCA filings and documents for Formula Lubricants Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Formula Lubricants Limited
Frequently Asked Questions about Formula Lubricants Limited
Formula Lubricants Limited is an active public limited company in the chemicals and materials sector based in Aurangabad, Maharashtra, India. It was incorporated on 15 February 1991 (35+ years old) and is registered under CIN U23201MH1991PLC060323.
Formula Lubricants Limited reported revenue of ₹226 for FY 2023 (down 97.00% YoY).
The current directors of Formula Lubricants Limited are:
- Veerdhawal Jawahirlal Gandhi - Director
- Ajay Jawahirlal Gandhi - Director
- Bhushan Chandraprabhu Shah - Director
The primary industry of Formula Lubricants Limited is chemicals and materials. The company specifically operates in petrochemicals and derivatives. The company is currently active in this sector.
Formula Lubricants Limited can be reached at the registered office: 5 – 14 – 42 Adalat Road, Aurangabad, Maharashtra, India – 431005.
The authorised capital is ₹1 Cr, and the paid-up capital is ₹72.65 Lakh.