About New Horizons Asphalt Private Limited
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New Horizons Asphalt Private Limited is a private limited company based in Vadodara, Gujarat, India, a subsidiary of Gulf Petrochem Fzc. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 04 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U11100GJ2011PTC108646. Its GSTIN is 24AAJCA3666L1ZE (Gujarat). The company holds 18 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.26 Cr. It was formerly known as Gulf Asphalt Private Limited and Gp Global Asphalt Private Limited. It is led by directors including Ayush Goel and Anurag Gupta.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. 745 GIDC Manjusar Taluka – Savli Vadodara, Gujarat, India – 391775.
As per the financials filed for FY 2024, the company reported a revenue of ₹25.85 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹3.75 Cr (net margin -14.5%) and EBITDA of ₹2.37 Cr (EBITDA margin 9.2%). Revenue has declined at a compounded annual rate (CAGR) of 58% over three years and 45% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: ASPAM Cold Storage and GP Global. As per MCA filings, the company has open charges of ₹260 Cr and satisfied charges of ₹493.31 Cr on record. Court records list 27 cases involving the company, including 24 filed by the company and 3 filed against it; 8 cases are pending. The company has 11 deals on record (6 funding rounds, 3 secondary share transfers, 2 acquisitions), with disclosed funding of ₹130.78 Cr; the latest was in April 2022. The company has 9 MSME Form 1 returns on record between 2021 and 2024, listing 16 overdue payments to 6 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gpglobal.com.
Company details
Name history
New Horizons Asphalt has undergone 3 name changes throughout its history. The company was previously known as Gulf Asphalt Private Limited, Gp Global Asphalt Private Limited, and Aspam Petronergy Private Limited. The current legal name is New Horizons Asphalt Private Limited.
| Company Name | Status |
|---|---|
| New Horizons Asphalt Private Limited | Current |
| Gulf Asphalt Private Limited | Previous |
| Gp Global Asphalt Private Limited | Previous |
| Aspam Petronergy Private Limited | Previous |
CIN history
New Horizons Asphalt has one previous CIN (Corporate Identification Number): U11100DL2011PTC216988. The current CIN is U11100GJ2011PTC108646, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U11100GJ2011PTC108646 | Current |
| U11100DL2011PTC216988 | Previous |
Contact details
New Horizons Asphalt Private Limited's registered office is in Vadodara, Gujarat. Its website is gpglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 745 GIDC Manjusar Taluka – Savli Vadodara, Gujarat, India – 391775
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of New Horizons Asphalt 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
Brands
New Horizons Asphalt operates two associated brands: ASPAM Cold Storage and GP Global. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive cold storage services for various needs. | aspamcoldstorage.com | |
| Oil trading, bunkering, and refining services are provided. | gpglobal.com |
Business activity
The main business activities of New Horizons Asphalt are trade and manufacturing. In detail, this covers wholesale trading and coke and refined petroleum products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| C | Manufacturing | C5 | Coke and refined petroleum products |
To see the full business activity and turnover split of New Horizons Asphalt Private Limited, buy the company report.
Financials of New Horizons Asphalt Private Limited
FY 2024 filings availableNew Horizons Asphalt Private Limited reported revenue of ₹25.85 Cr (down 49% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 45% over five years, including a 49% fall in the latest year. EBITDA rose 108% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹25.85 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.75 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.2% | ||||
| Net Profit Margin | -14.5% | ||||
| 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 New Horizons Asphalt Private Limited, buy the company report.
Board of directors of New Horizons Asphalt Private Limited
New Horizons Asphalt has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ayush Goel Also directs: Food Junction LLP, Incubit Pipavav Terminal Private Limited, Kimitsu Steel Private Limited and 5 more | Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Anurag Gupta Also directs: New Horizons Fintech Private Limited, New Horizons Logiware Private Limited, India Horticulture Private Limited and 5 more | Director | 11 May 2024 | 2 Years 5 Months | Current |
| Anita Goyal Also directs: Food Junction LLP, Incubit Pipavav Terminal Private Limited, Aspam Petrochem Private Limited and 3 more | Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Surinder Kumar Gupta Also directs: Incubit Pipavav Terminal Private Limited, Aspam Petrochem Private Limited, New Horizons Fintech Private Limited and 5 more | Director | 10 May 2024 | 2 Years 5 Months | Current |
Auditor
New Horizons Asphalt Private Limited is audited by PNG & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PNG & CO | FY 2024 | 021910N |
Shareholding
The shareholding of New Horizons Asphalt 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 New Horizons Asphalt Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2024 | 101032495 | Others | ₹130 Cr | Open | |
| 13 Mar 2024 | 100923676 | Others | ₹130 Cr | Open | |
| 08 Jun 2021 | 100451985 | Sbicap Trustee Company Limited | ₹7.66 Cr | Satisfied | |
| 08 Jun 2021 | 100451830 | State Bank of India | ₹80.66 Cr | Satisfied | |
| 27 Jul 2020 | 100358222 | Sbicap Trustee Company Limited | ₹4 Cr | Satisfied |
To see the full charge records of New Horizons Asphalt Private Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
New Horizons Asphalt Private Limited has 11 deals on record (6 funding rounds, 3 secondary share transfers, 2 acquisitions), with disclosed funding of ₹130.78 Cr; the latest was in April 2022.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ashok Kumar Goal HUF, an individual |
| Mar 2017 | Funding round | ₹30 Lakh | Investors: 2 individuals |
| Feb 2016 | Funding round | ₹60.8 Lakh | Investors: an individual |
| May 2015 | Funding round | ₹59.12 Cr | Investors: 4 individuals |
To see the full deal history of New Horizons Asphalt Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
New Horizons Asphalt Private Limited has 27 court cases on record: 24 filed by New Horizons Asphalt, 3 filed against it. 8 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 1 | 6 |
| High courts | 9 | 2 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (M) | Filed by the company against Boom Buying Pvt Ltd and Ors | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against M/S. C and C Constructions Ltd. and Ors. and 9 others | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Boom Buying Pvt. Ltd. Ors. | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Broadwings Logistics Private Limited | Disposed |
| District court, Central, Delhi | Commercial suit | Filed by the company against Soni Commercial Enterprises Pvt Ltd and 2 others | Disposed |
To see the full case history of New Horizons Asphalt 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.
Credit ratings & regulatory alerts
New Horizons Asphalt Private Limited was last rated by Crisil on 15 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Oct 2020 |
To see the full credit ratings and regulatory alerts of New Horizons Asphalt Private Limited, buy the company report.
MSME payment delays
New Horizons Asphalt Private Limited has 9 MSME Form 1 returns on record between 2021 and 2024, listing 16 overdue payments to 6 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 (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Advertent Building Technologies Private Limited | |||
| CPS Security Private Limited | |||
| Green Mat Private Limited | |||
| S.R. Sanitation | |||
| Nilayam System & Services Private Limited |
To see the full MSME payment records of New Horizons Asphalt Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
New Horizons Asphalt Private Limited has a workforce of 5 employees on its EPFO records as of Sep 03, 2025, across 1 active EPFO establishment.
GST
New Horizons Asphalt has 18 GST registrations: 8 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCA3666L1ZE | Gujarat | Active | 01 Jul 2017 |
| 06AAJCA3666L1ZC | Haryana | Active | 01 Jul 2017 |
| 07AAJCA3666L2Z9 | Delhi | Active | 01 Jul 2017 |
| 19AAJCA3666L1Z5 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of New Horizons Asphalt Private Limited, buy the company report.
Recent activity
New Horizons Asphalt Private Limited has 12 board changes on record since 2013: 4 appointments and 8 cessations. The latest: Anita Goyal was appointed as Director on 01 Apr 2025.
52 earlier events are in the company report.
Frequently asked questions
New Horizons Asphalt is an active private limited company based in Vadodara, Gujarat, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 04 April 2011 (15+ years old) and is registered under CIN U11100GJ2011PTC108646.
New Horizons Asphalt has 4 current directors:
- Ayush Goel - Director
- Anurag Gupta - Director
- Anita Goyal - Director
- Surinder Kumar Gupta - Director
The latest financial statements of New Horizons Asphalt on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of New Horizons Asphalt is 24AAJCA3666L1ZE, registered in Gujarat. The company has 18 GST registrations in all, of which 8 are active and 10 are cancelled or inactive. Other active GSTINs include 06AAJCA3666L1ZC (Haryana), 07AAJCA3666L2Z9 (Delhi), 19AAJCA3666L1Z5 (West Bengal).
The CIN (Corporate Identification Number) of New Horizons Asphalt is U11100GJ2011PTC108646. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
New Horizons Asphalt has 27 court cases on record: 24 filed by the company and 3 filed against it. 8 are pending. Most are in the district courts.
New Horizons Asphalt was incorporated on 04 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
New Horizons Asphalt has 11 deals on record (6 funding rounds, 3 secondary share transfers, 2 acquisitions), with disclosed funding of ₹130.78 Cr; the latest was in April 2022.
Anita Goyal was appointed as Director on 01 Apr 2025. Ayush Goel was appointed as Director on 01 Apr 2025. Anurag Gupta ceased to be Additional Director on 27 Sep 2024. New Horizons Asphalt has 12 board changes on record in total.
New Horizons Asphalt has 9 MSME Form 1 returns on record between 2021 and 2024, listing 16 overdue payments to 6 micro and small suppliers. The latest return was filed on 30 Apr 2024.
New Horizons Asphalt can be reached through the website gpglobal.com. Its registered office is in Vadodara, Gujarat, India.
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