Jhoola Refineries Limited
About Jhoola Refineries Limited
Data last updated:
Jhoola Refineries Limited is a public limited company based in Varanasi, Uttar Pradesh, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 20 September 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U51109UP1989PLC011192. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹82.5 Lakh. It is led by directors including Mahesh Kumar Jhunjhunwala and Sushila Jhunjhunwala.
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 14/96 – A Jhoola Kunjsarnath, Varanasi, Uttar Pradesh, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.73 Lakh, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹5.17 Lakh (net margin -138.6%) and EBITDA of -₹5.15 Lakh (EBITDA margin -138.1%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 30% over five years.
As per MCA filings, the company has satisfied charges of ₹3.11 Cr on record. Court records list 36 cases involving the company, including 23 filed by the company and 13 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Jhoola Refineries has one previous CIN (Corporate Identification Number): U51109UP1989PTC011192. The current CIN is U51109UP1989PLC011192, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109UP1989PLC011192 | Current |
| U51109UP1989PTC011192 | Previous |
Contact details
Jhoola Refineries Limited's registered office is in Varanasi, Uttar Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address14/96 – A Jhoola Kunjsarnath, Varanasi, Uttar Pradesh, India
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Jhoola Refineries 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
Financials of Jhoola Refineries Limited
FY 2025 filings availableJhoola Refineries Limited reported revenue of ₹3.73 Lakh (down 44% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 44% fall in the latest year. EBITDA fell 248% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.15 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.17 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -138.1% | ||||
| Net Profit Margin | -138.6% | ||||
| 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 Jhoola Refineries Limited, buy the company report.
Board of directors of Jhoola Refineries Limited
Jhoola Refineries has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Kumar Jhunjhunwala Also directs: Jhunjhunwala Export Private Limited | Director | 16 Oct 2003 | 23 Years 0 Months | Current |
| Sushila Jhunjhunwala Also directs: Jhunjhunwala Export Private Limited | Director | 18 Jan 1994 | 32 Years 9 Months | Current |
| Puneet Jhunjhunwala | Director | 20 May 2001 | 25 Years 5 Months | Current |
Auditor
Jhoola Refineries Limited is audited by O P TULSYAN & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| O P TULSYAN & CO | FY 2018 | 500028N |
Shareholding
The shareholding of Jhoola Refineries Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Jhoola Refineries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2012 | 10354526 | Mahindra and Mahindra Financial Services Limited | ₹10.5 Lakh | Satisfied | |
| 07 Jun 2004 | 90269656 | Union Bank of India | ₹1.1 Cr | Satisfied | |
| 03 Jun 2004 | 90280582 | Union Bank of India | ₹1.1 Cr | Satisfied | |
| 24 May 2003 | 90273225 | Union Bank of India | ₹80 Lakh | Satisfied |
To see the full charge records of Jhoola Refineries Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Jhoola Refineries Limited has 36 court cases on record: 23 filed by Jhoola Refineries, 13 filed against it. 2 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 33 | 11 | 2 |
| Supreme Court | 2 | 1 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Trans Asian Shipping Services Private Limited Manoj Khatri | Pending |
| High Court | Writ petition | Filed against the company by Trans Asian Shipping Services Private Limited | Disposed |
| High Court, UTTARPRADESH | Court case (CUSA) | Filed against the company by The Commissioner of Customs, CGST and Central Excise | Pending |
| High Court, UTTARPRADESH | Court case (IAPL) | Filed against the company by Principal Commissioner of Income Tax | Disposed |
| High Court, UTTARPRADESH | Court case (WTAX) | Filed by the company against State of U.P. and 2 Others | Disposed |
To see the full case history of Jhoola Refineries 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 Jhoola Refineries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jhoola Refineries 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 Jhoola Refineries Limited, buy the company report.
Recent activity
Jhoola Refineries Limited has 4 board changes on record since 1994: 3 appointments and 1 cessation. The latest: Parul Jhunjhunwala ceased to be Additional Director on 10 Jun 2017.
5 earlier events are in the company report.
Frequently asked questions
Jhoola Refineries is an active public limited company based in Varanasi, Uttar Pradesh, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 20 September 1989 (37+ years old) and is registered under CIN U51109UP1989PLC011192.
Jhoola Refineries has 3 current directors:
- Mahesh Kumar Jhunjhunwala - Director
- Sushila Jhunjhunwala - Director
- Puneet Jhunjhunwala - Director
The latest financial statements of Jhoola Refineries 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.
No. Jhoola Refineries has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Jhoola Refineries is U51109UP1989PLC011192. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jhoola Refineries has 36 court cases on record: 23 filed by the company and 13 filed against it. 2 are pending. Most are in the high courts.
Jhoola Refineries was incorporated on 20 September 1989, making it 37+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Parul Jhunjhunwala ceased to be Additional Director on 10 Jun 2017. Mahesh Kumar Jhunjhunwala was appointed as Director on 16 Oct 2003. Puneet Jhunjhunwala was appointed as Director on 20 May 2001. Jhoola Refineries has 4 board changes on record in total.
The registered office of Jhoola Refineries is at 1496 – A Jhoola Kunjsarnath, Varanasi, Uttar Pradesh, India.
Jhoola Refineries operates in the food and beverages industry, in the food and beverage retail and distribution segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
