MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0017242
Grover Fuels Private Limited
Grover Fuels Private Limited - metals and minerals in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹52.67 Cr
▼ 28% YoY
Net profit · FY 2025
₹16.78 Lakh
Net margin 0.3%
EBITDA · FY 2025
₹1.09 Cr
EBITDA margin 2.1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹46.28 Lakh
Issued & subscribed
Open charges
₹3.39 Cr
Secured borrowings
Company age
15 yrs
Est. 2011
Directors on board
3
As per MCA filings
About Grover Fuels Private Limited
Data last updated:
Grover Fuels Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 12 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U52390GJ2011PTC068169. Its GSTIN is 24AAGCP3241F1ZS (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹46.28 Lakh. It was formerly known as Partap Fuels Private Limited. It is led by directors including Jasbinder Palsingh Grover (Managing Director) and Kawaljeet Kaur Grover.
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 Plot No 25 Ranchodratna Nagar Society Magdalla Port Road Magdalla, Surat, Gujarat, India – 395007.
As per the financials filed for FY 2025, the company reported a revenue of ₹52.67 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹16.78 Lakh (net margin 0.3%) and EBITDA of ₹1.09 Cr (EBITDA margin 2.1%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹3.39 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 3 cases are pending.
Grover Fuels Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0017242). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U52390GJ2011PTC068169
Registration Number 068169
Incorporation Date 12 December 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0017242
Key People
Jasbinder Palsingh Grover Managing Director Kawaljeet Kaur Grover Director Darshan Bharat Patil Director Recognitions & Rankings of Grover Fuels
Contact details
Grover Fuels Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 25 Ranchodratna Nagar Society Magdalla Port Road Magdalla, Surat, Gujarat, India – 395007
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Grover Fuels Private Limited, buy the company report.
Comprehensive company report
Grover Fuels Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Grover Fuels 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 |
To see the full business activity and turnover split of Grover Fuels Private Limited, buy the company report.
Financials of Grover Fuels Private Limited
FY 2025 filings availableGrover Fuels Private Limited reported revenue of ₹52.67 Cr (down 28% YoY) for FY 2025.
Revenue · FY 2025
₹52.67 Cr ▼ 28%
Net profit · FY 2025
₹16.78 Lakh margin 0.3%
EBITDA · FY 2025
₹1.09 Cr margin 2.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 28%
3 years · compounded
▼ 11%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 67%
5 years · compounded
▼ 1%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 28% fall in the latest year. EBITDA rose 4% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹52.67 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.78 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 Grover Fuels Private Limited, buy the company report.
Board of directors of Grover Fuels Private Limited
Grover Fuels has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kawaljeet Kaur Grover | Director | 12 Dec 2011 | 14 Years 10 Months | Current |
| Jasbinder Palsingh Grover | Managing Director | 12 Dec 2011 | 14 Years 10 Months | Current |
| Darshan Bharat Patil | Director | 28 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Grover Fuels Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vahanvati Steels Private Limited | ₹74.79 Cr (FY 2021) | Ahmedabad, Gujarat, India | ||||
| Vispro Alpha Private Limited | ₹74.4 Cr (FY 2024) | 23.0% | New Delhi, Delhi, India | |||
| Santosh Puja Traders Private Limited | ₹74.16 Cr (FY 2024) | 32.0% | Patna, Bihar, India | |||
| Abhishek Multi Agencies (India) Limited | ₹73.34 Cr (FY 2018) | 53.0% | Surat, Gujarat, India | |||
| Swami Fuels Private Limited | ₹73.24 Cr (FY 2024) | -65.0% | Nagpur, Maharashtra, India | |||
| SPL Steel Processors Private Limited | ₹73.07 Cr (FY 2025) | -34.0% | Kolkata, West Bengal, India | |||
| Grover Fuels Private Limitedthis company | ₹52.67 Cr (FY 2025) | ₹16.78 Lakh | 0.3% | -28.0% | Surat, Gujarat, India |
To see the full peer comparison of Grover Fuels Private Limited, buy the company report.
Auditor
Grover Fuels Private Limited is audited by P B P & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P B P & Co | FY 2024 | 119345W |
Shareholding
The shareholding of Grover Fuels Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Grover Fuels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.39 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Feb 2024 | 100866844 | Others | ₹13.8 Lakh | Open | |
| 24 Mar 2012 | 10348854 | The South Indian Bank Limited | ₹3.25 Cr | Open |
To see the full charge records of Grover Fuels Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Grover Fuels Private Limited has 4 court cases on record: 2 filed by Grover Fuels, 2 filed against it. 3 cases are pending and 1 is disposed.
Total cases
4
Filed by the company
2
Filed against the company
2
Pending
3
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 2 |
| High courts | 1 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (RFA(COMM)) | Filed against the company by M/S Sharda Ma Enterprises Pvt. Ltd. | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by M/S Sharda Ma Enterprises Pvt Ltd | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Grover Fuels 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
Grover Fuels Private Limited has 3 MSME Form 1 returns on record between 2020 and 2022, listing 115 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Maheshwari Logistics Limited | |||
| Taranjot Resources Private Limited |
To see the full MSME payment records of Grover Fuels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Grover Fuels has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCP3241F1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Grover Fuels Private Limited, buy the company report.
Recent activity
Grover Fuels Private Limited has 5 board changes on record since 2011: 4 appointments and 1 cessation. The latest: Darshan Bharat Patil was appointed as Director on 28 Oct 2025.
Appointed
Darshan Bharat Patil was appointed as Director.
AGM
Grover Fuels Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Abhishek Ajit Pani was appointed as Director.
Filing
Grover Fuels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 13.80 Lakh with Charge ID 100866844 was registered on 16 Feb 2024.
Charges
A charge with The South Indian Bank Limited of Rs. 324.74 Lakh registered on 24 Mar 2012 with Charge ID 10348854 was modified on 28 Dec 2021.
Ceased
Jasbinder Palsingh Grover ceased to be Director.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 324.74 Lakh with Charge ID 10348854 was registered on 24 Mar 2012.
Appointed
Jasbinder Palsingh Grover was appointed as Managing Director.
Appointed
Kawaljeet Kaur Grover was appointed as Director.
Incorporation
12 Dec 2011
Grover Fuels Private Limited was registered on 12 Dec 2011 with Roc Ahmedabad & aged 14 years 10 months as per MCA records.
Frequently asked questions
Grover Fuels is an active private limited company based in Surat, Gujarat, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 12 December 2011 (15+ years old) and is registered under CIN U52390GJ2011PTC068169.
Grover Fuels has 3 current directors:
- Jasbinder Palsingh Grover - Managing Director
- Kawaljeet Kaur Grover - Director
- Darshan Bharat Patil - Director
The latest financial statements of Grover Fuels 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 Grover Fuels is 24AAGCP3241F1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Grover Fuels is U52390GJ2011PTC068169. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grover Fuels has 4 court cases on record: 2 filed by the company and 2 filed against it. 3 are pending. Most are in the district courts.
Grover Fuels was incorporated on 12 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Grover Fuels by revenue are Vahanvati Steels Private Limited, Vispro Alpha Private Limited, Santosh Puja Traders Private Limited, Abhishek Multi Agencies (India) Limited, Swami Fuels Private Limited and 1 more, all in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading).
Darshan Bharat Patil was appointed as Director on 28 Oct 2025. Abhishek Ajit Pani was appointed as Director on 11 Aug 2025. Jasbinder Palsingh Grover ceased to be Director on 19 Jul 2021. Grover Fuels has 5 board changes on record in total.
Yes, Grover Fuels is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0017242).
Grover Fuels has 3 MSME Form 1 returns on record between 2020 and 2022, listing 115 overdue payments to 2 micro and small suppliers. The latest return was filed on 23 Dec 2022.
The registered office of Grover Fuels is at Plot No 25 Ranchodratna Nagar Society Magdalla Port Road Magdalla, Surat, Gujarat, India – 395007.
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