About Maharashtra Solvent Extraction Private Limited
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Maharashtra Solvent Extraction Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 19 February 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15143MH2004PTC144592. Its GSTIN is 27AADCM8466G1Z5 (Maharashtra).
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹9 Cr. It is led by directors including Rajwardhan Raghujirao Kadambande and Kamlesh Prasad Sinha.
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 T – 1 6th Floor Sunbeam Chambers 7 Vithaldas Thackersey New Marine Lines, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2023, the company reported a revenue of ₹2,815.46 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹24.27 Cr (net margin 0.9%) and EBITDA of ₹50.36 Cr (EBITDA margin 1.8%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 30% over five years.
The company has about 83 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹613.63 Cr and satisfied charges of ₹49.4 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 2 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in March 2023. Its 3 peer companies in the Chemicals industry (Solvent Extraction), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 3 smaller; the largest is Avi Agri Business Limited with revenue of ₹2,459.66 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maharashtrasolvent.com.
Company details
Contact details
Maharashtra Solvent Extraction Private Limited's registered office is in Mumbai, Maharashtra. Its website is maharashtrasolvent.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressT – 1 6th Floor Sunbeam Chambers 7 Vithaldas Thackersey New Marine Lines, Mumbai, Maharashtra, India – 400020
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Maharashtra Solvent Extraction 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 activities of Maharashtra Solvent Extraction are manufacturing and trade. In detail, this covers food, beverages and tobacco products, wholesale trading and other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| G | Trade | G1 | Wholesale Trading | |
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Maharashtra Solvent Extraction Private Limited, buy the company report.
Financials of Maharashtra Solvent Extraction Private Limited
FY 2025 filings availableMaharashtra Solvent Extraction Private Limited reported revenue of ₹2,815.46 Cr (up 3% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 3% growth in the latest year. EBITDA fell 34% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹2,815.46 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹50.36 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹24.27 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.8% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Maharashtra Solvent Extraction Private Limited, buy the company report.
Board of directors of Maharashtra Solvent Extraction Private Limited
Maharashtra Solvent Extraction 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 |
|---|---|---|---|---|
| Rajwardhan Raghujirao Kadambande Also directs: Bhumi Texfab Private Limited, Kedarnath Fibertex Private Limited | Director | 28 Feb 2005 | 21 Years 7 Months | Current |
| Kamlesh Prasad Sinha | Director | 16 May 2016 | 10 Years 5 Months | Current |
| Anil Dwarkadas Agrawal Also directs: Sanjay Soya International Private Limited | Director | 19 Feb 2004 | 22 Years 8 Months | Current |
| Sanjay Kashinath Agrawal Also directs: Varaahiagri Shetkari Producer Company Limited | Director | 19 Feb 2004 | 22 Years 8 Months | Current |
Peer comparison
Maharashtra Solvent Extraction Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Maharashtra Solvent Extraction Private Limitedthis company | ₹2,815.46 Cr (FY 2023) | ₹24.27 Cr | 0.9% | 3.0% | 83 | Mumbai, Maharashtra, India |
| Avi Agri Business Limited | ₹2,459.66 Cr (FY 2025) | 36.0% | Indore, Madhya Pradesh, India | |||
| Gupta Solvent Private Limited | ₹1,587.46 Cr (FY 2025) | 67.0% | Morena, Madhya Pradesh, India | |||
| Betul Oil Limited | ₹1,434.03 Cr (FY 2025) | 14.0% | Betul, Madhya Pradesh, India |
To see the full peer comparison of Maharashtra Solvent Extraction Private Limited, buy the company report.
Auditor
Maharashtra Solvent Extraction Private Limited is audited by GANESH TOTALA AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GANESH TOTALA AND COMPANY | FY 2023 | 133739W |
Shareholding
The shareholding of Maharashtra Solvent Extraction Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Maharashtra Solvent Extraction Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2025 | 101074045 | Axis Bank Limited | ₹45 Cr | Open | |
| 30 Aug 2024 | 100982670 | Others | ₹20 Cr | Open | |
| 18 Mar 2024 | 100888190 | Hdfc Bank Limited | ₹15 Cr | Open | |
| 12 Dec 2023 | 100839687 | Hdfc Bank Limited | ₹120 Cr | Open | |
| 14 Feb 2023 | 100737336 | Hdfc Bank Limited | ₹60 Lakh | Open |
To see the full charge records of Maharashtra Solvent Extraction Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Maharashtra Solvent Extraction Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in March 2023.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Sanjay Kashinath Agrawal HUF, an individual |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Sanjay Kashinath Agrawal HUF Seller: an individual |
| Feb 2008 | Funding round | ₹1 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Maharashtra Solvent Extraction Private Limited has 4 court cases on record: 2 filed by Maharashtra Solvent Extraction, 2 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
| High courts | 2 | 2 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-2, Nashik | Pending |
| District court, Dhule, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
| High Court of Gujarat | Arbitration matter | Filed against the company by Transbulk International Shipping LLC | Disposed |
| District court, Dhule, Maharashtra | Criminal miscellaneous application | Filed by the company against Janvi Enterprises Etc 3 and 2 others | Disposed |
To see the full case history of Maharashtra Solvent Extraction 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 Maharashtra Solvent Extraction Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Maharashtra Solvent Extraction Private Limited has a workforce of 83 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Maharashtra Solvent Extraction has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM8466G1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maharashtra Solvent Extraction Private Limited, buy the company report.
Recent activity
Maharashtra Solvent Extraction Private Limited has 5 board changes on record since 2004: 4 appointments and 1 cessation. The latest: Kamlesh Prasad Sinha was appointed as Director on 16 May 2016.
20 earlier events are in the company report.
Frequently asked questions
Maharashtra Solvent Extraction is an active private 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 19 February 2004 (22+ years old) and is registered under CIN U15143MH2004PTC144592.
Maharashtra Solvent Extraction has 4 current directors:
- Rajwardhan Raghujirao Kadambande - Director
- Kamlesh Prasad Sinha - Director
- Anil Dwarkadas Agrawal - Director
- Sanjay Kashinath Agrawal - Director
The latest financial statements of Maharashtra Solvent Extraction 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 Maharashtra Solvent Extraction is 27AADCM8466G1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Maharashtra Solvent Extraction is U15143MH2004PTC144592. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maharashtra Solvent Extraction has 4 court cases on record: 2 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Maharashtra Solvent Extraction was incorporated on 19 February 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Maharashtra Solvent Extraction has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in March 2023.
The peers of Maharashtra Solvent Extraction by revenue are Avi Agri Business Limited, Gupta Solvent Private Limited, Betul Oil Limited, all in the Chemicals industry (Solvent Extraction), with the same principal business activity (food, beverages and tobacco products).
Kamlesh Prasad Sinha was appointed as Director on 16 May 2016. Ravi Parmanand Agrawal ceased to be Director on 30 Dec 2015. Rajwardhan Raghujirao Kadambande was appointed as Director on 28 Feb 2005. Maharashtra Solvent Extraction has 5 board changes on record in total.
Maharashtra Solvent Extraction can be reached through the website maharashtrasolvent.com. Its registered office is in Mumbai, Maharashtra, India.