About Gajanan Solvex Limited
Data last updated:
Gajanan Solvex Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 07 October 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U46909MH2010PLC208730. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹26.73 Cr. It is led by directors including Bhavrao Ramkrushna Gore (Whole-Time Director) and Satish Gopilal Mittal.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 902 Hubtown Viva Western Express Highway Jogeshwari (E), Mumbai, Maharashtra, India – 400060.
As per the financials filed for FY 2017, the company reported a revenue of ₹595.13 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹2.78 Cr (net margin 0.5%) and EBITDA of ₹21.46 Cr (EBITDA margin 3.6%).
The company has about 36 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹108 Cr on record. Court records list 24 cases involving the company, including 1 filed by the company and 23 filed against it; 8 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹26.72 Cr; the latest was in March 2017. Its 7 peer companies in the Chemicals industry (Solvent Extraction), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 5 larger and 2 smaller; the largest is Omshree Agro Tech Private Limited with revenue of ₹1,043.76 Cr.
The last known website on record is gajananoil.com.
Company details
CIN history
Gajanan Solvex has one previous CIN (Corporate Identification Number): U15147MH2010PLC208730. The current CIN is U46909MH2010PLC208730, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U46909MH2010PLC208730 | Current |
| U15147MH2010PLC208730 | Previous |
Contact details
Gajanan Solvex Limited's registered office is in Mumbai, Maharashtra.
- Registered Address902 Hubtown Viva Western Express Highway Jogeshwari (E), Mumbai, Maharashtra, India – 400060
- IndustryFood and Beverages, Edible Oils & Cooking Fats
- 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 Gajanan Solvex is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Gajanan Solvex Limited, buy the company report.
Financials of Gajanan Solvex Limited
FY 2017 filings availableGajanan Solvex Limited reported revenue of ₹595.13 Cr (up 9% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 9% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹595.13 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹21.46 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹2.78 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 3.6% | ||
| Net Profit Margin | 0.5% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Gajanan Solvex Limited, buy the company report.
Board of directors of Gajanan Solvex Limited
Gajanan Solvex has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amol Ramchandra Jadhav | Additional Director | 31 Jan 2019 | 7 Years 8 Months | As last reported |
| Satish Gopilal Mittal Also directs: Am Oels Private Limited, Am Agrow Tech Private Limited | Director | 09 May 2025 | 1 Years 5 Months | As last reported |
| Nitin Ramchandra Jadhav Also directs: Neo Econcepts India LLP, Nirvedh Oil and Agro Products Private Limited, Sahayog Enterprises Private Limited and 1 more | Director | 07 Oct 2010 | 16 Years 0 Months | As last reported |
| Amol Satishchand Mittal Also directs: Am Oels Private Limited, Am Agrow Tech Private Limited | Director | 09 May 2025 | 1 Years 5 Months | As last reported |
| Bhavrao Ramkrushna Gore Also directs: Nirvedh Oil and Agro Products Private Limited | Whole-Time Director | 07 Oct 2010 | 16 Years 0 Months | As last reported |
| Payal Amol Mittal | Director | 09 May 2025 | 1 Years 5 Months | As last reported |
Peer comparison
Gajanan Solvex Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Solvent Extraction), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Omshree Agro Tech Private Limited | ₹1,043.76 Cr (FY 2025) | -8.0% | Dhule, Maharashtra, India | |||
| Shiv Edibles Limited | ₹885.64 Cr (FY 2025) | 12.0% | Kota, Rajasthan, India | |||
| Dhirendra Soya Agro Private Limited | ₹850.43 Cr (FY 2025) | -3.0% | Neemuch, Madhya Pradesh, India | |||
| Vaighai Agro Products Limited | ₹798.14 Cr (FY 2025) | 9.0% | Madurai, Tamil Nadu, India | |||
| Darshana Solvent Extraction Private Limited | ₹609.14 Cr (FY 2025) | -14.0% | Solapur, Maharashtra, India | |||
| Gajanan Solvex Limitedthis company | ₹595.13 Cr (FY 2017) | ₹2.78 Cr | 0.5% | 9.0% | Mumbai, Maharashtra, India | |
| Sachin International Proteins Private Limited | ₹499.54 Cr (FY 2024) | 49.0% | Udgir, Maharashtra, India | |||
| 3F Oil Palm Private Limited | ₹473.05 Cr (FY 2024) | -20.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Gajanan Solvex Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2014 | 10534693 | Janata Sahakari Bank Limited | ₹3 Cr | Open | |
| 09 Dec 2013 | 10468244 | State Bank of India | ₹70 Cr | Open | |
| 09 Nov 2011 | 10320106 | State Bank of India | ₹35 Cr | Open |
To see the full charge records of Gajanan Solvex Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Gajanan Solvex Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹26.72 Cr; the latest was in March 2017.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Funding round | ₹10.1 Cr | Investors: 4 individuals |
| Oct 2013 | Funding round | ₹3.64 Cr | Investors: 4 individuals |
| Mar 2012 | Funding round | ₹12.99 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gajanan Solvex Limited has 24 court cases on record: 1 filed by Gajanan Solvex, 23 filed against it. 8 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 15 | 6 |
| High courts | 6 | 6 | 2 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed against the company by Epi Money Pvt. Ltd. | Pending |
| District court, Buldhana, Maharashtra | Civil suit | Filed by the company against Synergy Exports Private Limited and 1 other | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Ms Coronation Finvest Private Limited | Disposed |
| Supreme Court | Court case (2808-Mercantile Laws, Commercial Transactions Including Banking : Others) | Filed against the company by Rio Resources Pte Ltd Power of Attorney Holder Mahmood Hasan Khan Power of Attorney Holder SH. Mohammad Hasan Khan R/O Village Chandauli Mafi, Post Govind Gunj, Sant Kabir Nagar, U.P. 272162 10 Anson Road, 27-15, International Plaza | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by M/S Epimoney Private Limited | Disposed |
To see the full case history of Gajanan Solvex 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
Gajanan Solvex Limited was last rated by Crisil on 10 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 10 Dec 2020 |
To see the full credit ratings and regulatory alerts of Gajanan Solvex Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gajanan Solvex Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gajanan Solvex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Gajanan Solvex Limited, buy the company report.
Recent activity
Gajanan Solvex Limited has 14 board changes on record since 2010: 6 appointments and 8 cessations. The latest: Amol Satishchand Mittal was appointed as Director on 09 May 2025.
10 earlier events are in the company report.
Frequently asked questions
Gajanan Solvex is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Gajanan Solvex is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 07 October 2010 and is registered under CIN U46909MH2010PLC208730. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gajanan Solvex has 6 current directors:
- Bhavrao Ramkrushna Gore - Whole-Time Director
- Amol Ramchandra Jadhav - Additional Director
- Satish Gopilal Mittal - Director
- Nitin Ramchandra Jadhav - Director
- Amol Satishchand Mittal - Director
- Payal Amol Mittal - Director
The latest financial statements of Gajanan Solvex on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Gajanan Solvex is U46909MH2010PLC208730. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gajanan Solvex has open charges of ₹108 Cr and no satisfied charges on record as per latest MCA filings.
Gajanan Solvex has 24 court cases on record: 1 filed by the company and 23 filed against it. 8 are pending. Most are in the district courts.
Gajanan Solvex was incorporated on 07 October 2010. It is registered with the Registrar of Companies, Mumbai.
Gajanan Solvex has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹26.72 Cr; the latest was in March 2017.
The peers of Gajanan Solvex by revenue are Omshree Agro Tech Private Limited, Shiv Edibles Limited, Dhirendra Soya Agro Private Limited, Vaighai Agro Products Limited, Darshana Solvent Extraction Private Limited and 2 more, all in the Chemicals industry (Solvent Extraction), with the same principal business activity (food, beverages and tobacco products).
Amol Satishchand Mittal was appointed as Director on 09 May 2025. Payal Amol Mittal was appointed as Director on 09 May 2025. Satish Gopilal Mittal was appointed as Director on 09 May 2025. Gajanan Solvex has 14 board changes on record in total.