About Mehta Petro-Refineries Ltd
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Mehta Petro-Refineries Ltd is a public limited company based in Mumbai, Maharashtra, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 20 July 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1993PLC073022. Its GSTIN is 27AAACM5768N1ZU (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹4.46 Cr. It is led by directors including Vinod Ishwarlal Mehta (Managing Director) and Paresh Ishwarlal Mehta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 101/A 'Shreyans' Kesar Baug Chs Ltd L. T. Road Borivali (West), Mumbai, Maharashtra, India – 400092.
As per the financials filed for FY 2025, the company reported a revenue of ₹601.53 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹5.99 Cr (net margin 1%) and EBITDA of ₹19.19 Cr (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 15% over five years.
The company has about 50 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹148.54 Cr and satisfied charges of ₹169.95 Cr on record. Court records list 50 cases involving the company, including 37 filed by the company and 13 filed against it; 6 cases are pending. The company has 15 deals on record (10 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹2.45 Cr; the latest was in March 2024. Its 6 peer companies in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products) are compared by revenue, 2 larger and 4 smaller; the largest is Petronas Lubricants (India) Private Limited with revenue of ₹677.4 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 mehtapetro.com.
Company details
CIN history
Mehta Petro-Refineries has one previous CIN (Corporate Identification Number): L24110MH1993PLC073022. The current CIN is U24110MH1993PLC073022, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24110MH1993PLC073022 | Current |
| L24110MH1993PLC073022 | Previous |
Contact details
Mehta Petro-Refineries Ltd's registered office is in Mumbai, Maharashtra. Its website is mehtapetro.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address101/A 'Shreyans' Kesar Baug Chs Ltd L. T. Road Borivali (West), Mumbai, Maharashtra, India – 400092
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Mehta Petro-Refineries Ltd, 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 Mehta Petro-Refineries is manufacturing. In detail, this covers coke and refined petroleum products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C5 | Coke and refined petroleum products |
To see the full business activity and turnover split of Mehta Petro-Refineries Ltd, buy the company report.
Financials of Mehta Petro-Refineries Ltd
FY 2024 filings availableMehta Petro-Refineries Ltd reported revenue of ₹601.53 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA rose 7% 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 | ₹19.19 Cr | ||||
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| Net Profit (PAT) | ₹5.99 Cr | ||||
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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 | 3.2% | ||||
| Net Profit Margin | 1% | ||||
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To see the full financial statements and ratios of Mehta Petro-Refineries Ltd, buy the company report.
Board of directors of Mehta Petro-Refineries Ltd
Mehta Petro-Refineries has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhishek Satish Parikh | Director | 30 Sep 2016 | 10 Years 0 Months | Current |
| Chhaya Santosh Shinde | Director | 22 Feb 2022 | 4 Years 8 Months | Current |
| Paresh Ishwarlal Mehta | Whole-Time Director | 20 Jul 1993 | 33 Years 3 Months | Current |
| Vinod Ishwarlal Mehta Also directs: Om Surface Coating Products LLP, Mehta Esters Private Limited | Managing Director | 20 Jul 1993 | 33 Years 3 Months | Current |
| Jignesh Vinod Mehta Also directs: Om Surface Coating Products LLP, Mehta Esters Private Limited | Whole-Time Director | 03 Sep 2016 | 10 Years 1 Months | Current |
Peer comparison
Mehta Petro-Refineries Ltd is compared with the 6 companies closest to it by revenue in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Petronas Lubricants (India) Private Limited | ₹677.4 Cr (FY 2025) | 4.0% | Khalapur, Maharashtra, India | |||
| GP Petroleums Limited | ₹651.09 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| Mehta Petro-Refineries Ltdthis company | ₹601.53 Cr (FY 2025) | ₹5.99 Cr | 1% | -7.0% | 50 | Mumbai, Maharashtra, India |
| Siddharth Grease & Lubes Private Limited | ₹599.16 Cr (FY 2025) | -6.0% | New Delhi, Delhi, India | |||
| Classic Bitumen Private Limited | ₹559.29 Cr (FY 2025) | 204.0% | Chandigarh, India | |||
| Tiki Tar and Shell India Private Limited | ₹545.16 Cr (FY 2025) | 72.0% | Mumbai, Maharashtra, India | |||
| Witmans Industries Private Limited | ₹542.5 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Mehta Petro-Refineries Ltd, buy the company report.
Auditor
Mehta Petro-Refineries Ltd is audited by V J SHAH & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V J SHAH & CO | FY 2024 | 109823W |
Shareholding
The shareholding of Mehta Petro-Refineries Ltd 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 Mehta Petro-Refineries Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2025 | 101146459 | Others | ₹35 Cr | Open | |
| 16 Mar 2024 | 100959570 | Others | ₹1.37 Cr | Open | |
| 07 Jul 2021 | 100469503 | Others | ₹33.75 Cr | Open | |
| 28 Jan 2021 | 100432155 | Hdfc Bank Limited | ₹41.85 Lakh | Open | |
| 26 Jun 2018 | 100207176 | Yes Bank Limited | ₹45 Cr | Open |
To see the full charge records of Mehta Petro-Refineries Ltd, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Mehta Petro-Refineries Ltd has 15 deals on record (10 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹2.45 Cr; the latest was in March 2024.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Benco Finance Investment Private Limited, V-Chains Jewellery Private Limited |
| Dec 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: D R Patel Investment Private Limited, Adhyam Buildwell Private Limited , Tora Marketing Private Limited , an individual |
| Dec 2006 | Secondary share transfer | Undisclosed | Buyer: Vinod I Mehta (Huf), 3 individuals Seller: 4 individuals |
| Nov 2006 | Funding round | ₹95 Lakh | Investors: Tora Marketing Private Limited , V-Chains Jewellery Private Limited , Adhyam Buildwell Private Limited |
To see the full deal history of Mehta Petro-Refineries Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mehta Petro-Refineries Ltd has 50 court cases on record: 37 filed by Mehta Petro-Refineries, 13 filed against it. 6 cases are pending and 44 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 9 | 6 |
| High courts | 15 | 4 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against M/S. Sonachi Industries Ltd. and Other 2 and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Aarushi Speciality Chemicals Pvt Ltd and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Ms Bestchem Insecticides Pvt. Ltd. and Anr and 1 other | Pending |
| Bombay High Court | Court case (AO) | Filed against the company by Arham Petrochem Private Limited | Disposed |
| Bombay High Court | Court case (CAA) | Filed against the company by Arham Petrochem Private Limited | Disposed |
To see the full case history of Mehta Petro-Refineries Ltd, 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
Mehta Petro-Refineries Ltd was last rated by Icra on 23 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 23 Apr 2021 |
To see the full credit ratings and regulatory alerts of Mehta Petro-Refineries Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mehta Petro-Refineries Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mehta Petro-Refineries Ltd has a workforce of 50 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Mehta Petro-Refineries has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM5768N1ZU | Maharashtra | Active | 01 Jul 2017 |
| 27AAACM5768N2ZT | Maharashtra | Active | 06 Sep 2018 |
| 24AAACM5768N1Z0 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mehta Petro-Refineries Ltd, buy the company report.
Recent activity
Mehta Petro-Refineries Ltd has 8 board changes on record since 1993: 5 appointments and 3 cessations. The latest: Chhaya Santosh Shinde ceased to be Additional Director on 30 Sep 2022.
26 earlier events are in the company report.
Frequently asked questions
Mehta Petro-Refineries is an active public limited company based in Mumbai, Maharashtra, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 20 July 1993 (33+ years old) and is registered under CIN U24110MH1993PLC073022.
Mehta Petro-Refineries has 5 current directors:
- Vinod Ishwarlal Mehta - Managing Director
- Paresh Ishwarlal Mehta - Whole-Time Director
- Jignesh Vinod Mehta - Whole-Time Director
- Abhishek Satish Parikh - Director
- Chhaya Santosh Shinde - Director
The latest financial statements of Mehta Petro-Refineries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mehta Petro-Refineries is 27AAACM5768N1ZU, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAACM5768N2ZT (Maharashtra), 24AAACM5768N1Z0 (Gujarat).
The CIN (Corporate Identification Number) of Mehta Petro-Refineries is U24110MH1993PLC073022. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mehta Petro-Refineries has 50 court cases on record: 37 filed by the company and 13 filed against it. 6 are pending. Most are in the district courts.
Mehta Petro-Refineries was incorporated on 20 July 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Mehta Petro-Refineries has 15 deals on record (10 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹2.45 Cr; the latest was in March 2024.
The peers of Mehta Petro-Refineries by revenue are Petronas Lubricants (India) Private Limited, GP Petroleums Limited, Siddharth Grease & Lubes Private Limited, Classic Bitumen Private Limited, Tiki Tar and Shell India Private Limited and 1 more, all in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products).
Chhaya Santosh Shinde ceased to be Additional Director on 30 Sep 2022. Jignesh Vinod Mehta ceased to be Director on 01 Mar 2022. Chhaya Santosh Shinde was appointed as Director on 22 Feb 2022. Mehta Petro-Refineries has 8 board changes on record in total.
Mehta Petro-Refineries can be reached through the website mehtapetro.com. Its registered office is in Mumbai, Maharashtra, India.