Goa Carbonic Industries Private Limited
About Goa Carbonic Industries Private Limited
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Goa Carbonic Industries Private Limited is a private limited company based in Mormugao, Goa, India. It operates in the industrial and specialty gases segment of the chemicals and materials sector. It was incorporated on 09 September 1976 and has been in existence for over 50 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U40200GA1976PTC000283. Its GSTIN is 30AAACG6719P1ZG (Goa).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹25.2 Lakh. It is led by directors including Abraham Varugis (Managing Director) and Joseph Varugis (Whole-Time Director).
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 Dorvolozuarinagar, Mormugao, Goa, India – 403726.
As per the financials filed for FY 2025, the company reported a revenue of ₹94.08 Lakh, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹25.28 Lakh (net margin -26.9%) and EBITDA of -₹22.9 Lakh (EBITDA margin -24.3%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 7% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹3.67 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Goa Carbonic Industries Private Limited's registered office is in Mormugao, Goa. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDorvolozuarinagar, Mormugao, Goa, India – 403726
- IndustryChemicals and Materials, Industrial & Specialty Gases
To see the full contact details of Goa Carbonic Industries 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
Business activity
The main business activity of Goa Carbonic Industries is electricity, gas, steam and air condition supply. In detail, this covers manufacture of gas, distribution of gaseous fuels.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D2 | Manufacture of gas, distribution of gaseous fuels |
To see the full business activity and turnover split of Goa Carbonic Industries Private Limited, buy the company report.
Financials of Goa Carbonic Industries Private Limited
FY 2025 filings availableGoa Carbonic Industries Private Limited reported revenue of ₹94.08 Lakh (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 5% growth in the latest year. EBITDA fell 396% 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 | -₹22.9 Lakh | ||||
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| Net Profit (PAT) | -₹25.28 Lakh | ||||
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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 | -24.3% | ||||
| Net Profit Margin | -26.9% | ||||
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To see the full financial statements and ratios of Goa Carbonic Industries Private Limited, buy the company report.
Board of directors of Goa Carbonic Industries Private Limited
Goa Carbonic Industries has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Zina Varugis | Director | 05 Apr 2000 | 26 Years 7 Months | Current |
| Abraham Varugis Also directs: Kadamba Bio Carbonic Private Limited | Managing Director | 21 Mar 2016 | 10 Years 7 Months | Current |
| Joseph Varugis | Whole-Time Director | 22 Dec 2015 | 10 Years 10 Months | Current |
| Ajay Varugis Also directs: Kadamba Bio Carbonic Private Limited | Director | 15 May 2024 | 2 Years 5 Months | Current |
Auditor
Goa Carbonic Industries Private Limited is audited by GANESH DAIVAJNA AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GANESH DAIVAJNA AND CO | FY 2023 | 0103054W |
Shareholding
The shareholding of Goa Carbonic Industries Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Goa Carbonic Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jul 2013 | 10435511 | L & T Finance Limited | ₹27 Lakh | Satisfied | |
| 06 May 1999 | 90075744 | The Maharashtra State Financial Corporation | ₹50 Lakh | Satisfied | |
| 13 Jan 1997 | 90075709 | The Maharashtra State Financial Corporation | ₹15 Lakh | Satisfied | |
| 15 Nov 1996 | 90077186 | State Bank of India | ₹10 Lakh | Satisfied | |
| 09 Jan 1996 | 90075702 | Maharashtra State Financial Corporation | ₹75 Lakh | Satisfied |
To see the full charge records of Goa Carbonic Industries Private Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
Goa Carbonic Industries Private Limited has 6 court cases on record: 2 filed by Goa Carbonic Industries, 4 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
| High courts | 3 | 1 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Bharat Pumps and Compressors Ltd., Allahabad | Disposed |
| Bombay High Court | Appeal | Filed by the company against Bharat Pumps and Compressors Ltd. | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed against the company by an individual | Pending |
| District court, BELAGAVI, Karnataka | Execution petition | Filed against the company by individuals | Disposed |
| District court, BELAGAVI, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Goa Carbonic Industries 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
No delayed payments to MSME suppliers are on our record for Goa Carbonic Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Goa Carbonic Industries has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Goa Carbonic Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACG6719P1ZG | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Goa Carbonic Industries Private Limited, buy the company report.
Recent activity
Goa Carbonic Industries Private Limited has 6 board changes on record since 2000: 5 appointments and 1 cessation. The latest: Ajay Varugis was appointed as Director on 15 May 2024.
30 earlier events are in the company report.
Frequently asked questions
Goa Carbonic Industries is an active private limited company based in Mormugao, Goa, India. The company works in industrial and specialty gases, within the chemicals and materials industry. It was incorporated on 09 September 1976 (50+ years old) and is registered under CIN U40200GA1976PTC000283.
Goa Carbonic Industries has 4 current directors:
- Abraham Varugis - Managing Director
- Joseph Varugis - Whole-Time Director
- Zina Varugis - Director
- Ajay Varugis - Director
The latest financial statements of Goa Carbonic Industries 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 GSTIN of Goa Carbonic Industries is 30AAACG6719P1ZG, registered in Goa.
The CIN (Corporate Identification Number) of Goa Carbonic Industries is U40200GA1976PTC000283. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goa Carbonic Industries has 6 court cases on record: 2 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Goa Carbonic Industries was incorporated on 09 September 1976, making it 50+ years old. It is registered with the Registrar of Companies, Goa.
Ajay Varugis was appointed as Director on 15 May 2024. Abraham Varugis was appointed as Managing Director on 21 Mar 2016. Joseph Varugis was appointed as Whole-Time Director on 22 Dec 2015. Goa Carbonic Industries has 6 board changes on record in total.
The registered office of Goa Carbonic Industries is at Dorvolozuarinagar, Mormugao, Goa, India – 403726.
Goa Carbonic Industries operates in the chemicals and materials industry, in the industrial and specialty gases segment.
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