About Micromax Biofuels Private Limited
Data last updated: 01 July 2026
Micromax Biofuels Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Micromax Informatics Limited. It specialises in biofuel and biomass energy, a part of the broader environmental services sector. Incorporated on 04 December 2014, the company has been in operation for over 12 years.
Registered with ROC Delhi under CIN U24100DL2014PTC273786.
Capital: an authorised share capital of ₹6 Cr and a paid-up capital of ₹5 Cr. Formerly known as Iotex Systems Private Limited and Micromax Biofuel Private Limited. It is led by directors including Rajesh Agarwal and Rahul Sharma.
Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: Block – A Plot No. 21/14 4Th Floor Naraina Industrial Area Phase – Ii, New Delhi, Delhi, India – 110028.
As per the financials filed for FY 2025, the company reported a revenue of ₹217.3 Cr, reflecting significant growth compared to the previous year.
The company has a workforce of approximately 49 employees as per the latest available data. It operates as a subsidiary of Micromax Informatics Limited.
The company is associated with 1 brand - Iotex. As per MCA filings, the company has open charges of ₹155.22 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iotex.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered AddressBlock – A Plot No. 21/14 4Th Floor Naraina Industrial Area Phase – Ii, New Delhi, Delhi, India – 110028
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IndustryEnvironment, Biofuel & Biomass Energy
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Micromax Biofuels Private Limited
Micromax Biofuels Private Limited has undergone 2 name changes throughout its history. The company was previously known as Iotex Systems Private Limited, and Micromax Biofuel Private Limited. The current legal name is Micromax Biofuels Private Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Micromax Biofuels Private Limited | Current |
| Iotex Systems Private Limited | Previous |
| Micromax Biofuel Private Limited | Previous |
CIN History of Micromax Biofuels Private Limited
Micromax Biofuels Private Limited has one previous CIN (Corporate Identification Number): U72300DL2014PTC273786. The current CIN is U24100DL2014PTC273786, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100DL2014PTC273786 | Current |
| U72300DL2014PTC273786 | Previous |
Associated Brands with Micromax Biofuels Private Limited
Micromax Biofuels Private Limited operates one associated brand: Iotex. These brands represent Micromax Biofuels Private Limited's diversified market presence and brand portfolio.
Competitors & Alternatives of Micromax Biofuels Private Limited
Brands and companies operating in the same space as Micromax Biofuels Private Limited include Withings, Fitbit, Mobvoi and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Withings
|
Connected devices for health, sleep, and activity monitoring are developed. | Moulineaux, France, France | 2008 |
Fitbit
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Smartwatches and fitness trackers are provided for activity monitoring. | San Francisco, United States, United States | 2007 |
Mobvoi
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Developer of AI-powered voice interaction and generative AI technologies | Kowloon, China, China | 2012 |
Matrix Industries
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Smartwatches powered by body heat are developed using thermoelectric technology. | Menlo Park, United States, United States | 2011 |
Nu Republic
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Manufacturer of personal audio devices, smartwatches, power accessories, and travel gear | Gurugram, India, India | 2018 |
Pebble
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Internet-connected watches are provided with customizable apps and activity tracking. | Palo Alto, United States, United States | 2009 |
Muse Wearables
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Smartwatch and app for fitness and nutrition tracking are developed. | Chennai, India, India | 2015 |
Fire Boltt
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Designs and sells smartwatches, audio products, and gadgets through online platforms. | Mumbai, India, India | 2015 |
Olio Devices
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Internet-first brand of wearable devices | San Francisco, United States, United States | 2013 |
VYVO
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Provider of fitness tracker and smartwatches | Singapore, Singapore, Singapore | 2019 |
Business Activity of Micromax Biofuels Private Limited
Micromax Biofuels Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including manufacture of coke and refined petroleum products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 19 | Manufacture of coke and refined petroleum products | ********* |
Auditor Details of Micromax Biofuels Private Limited
Micromax Biofuels Private Limited is audited by Sandeep Kuldeep & Co. for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sandeep Kuldeep & Co. | blur-value | blur-value | blur-value |
Board of Directors of Micromax Biofuels Private Limited
Micromax Biofuels Private Limited is currently managed by 4 directors, with 5 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Rajesh Agarwal
Also directs:
Mmx Infrastructure Llp, Micromax Informatics Limited, Bihar Cattle Feed Private Limited and 5 more
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Director | 07 Jun 2021 | 5 Years 1 Months | Current |
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Rahul Sharma
Also directs:
Mmx Infrastructure Llp, Micromax Informatics Limited, Bihar Cattle Feed Private Limited and 5 more
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Director | 07 Jun 2021 | 5 Years 1 Months | Current |
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Vikas Jain
Also directs:
Mmx Infrastructure Llp, Micromax Informatics Limited, Bihar Cattle Feed Private Limited and 5 more
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Director | 07 Jun 2021 | 5 Years 1 Months | Current |
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Sumeet Kumar
Also directs:
Mmx Infrastructure Llp, Micromax Informatics Limited, Bihar Cattle Feed Private Limited and 5 more
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Director | 19 Jul 2018 | 7 Years 11 Months | Current |
Financials of Micromax Biofuels Private Limited FY 2025 filings available
Micromax Biofuels Private Limited reported revenue of ₹217.3 Cr (up 6065% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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| Long-Term Provisions | ***** | ***** | ***** | ***** | ***** |
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| Current Assets | |||||
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| Cash from Operating Activities (CFO) | |||||
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| Non-Cash Adjustments | ***** | ***** | ***** | ***** | ***** |
| + Interest Expense | ***** | ***** | ***** | ***** | ***** |
| + Depreciation | ***** | ***** | ***** | ***** | ***** |
| +/- Unrealized Forex | ***** | ***** | ***** | ***** | ***** |
| - Dividend Income | ***** | ***** | ***** | ***** | ***** |
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| +/- Other Non-Cash Items | ***** | ***** | ***** | ***** | ***** |
| Changes in Working Capital | ***** | ***** | ***** | ***** | ***** |
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| Acquisitions & Disposals | ***** | ***** | ***** | ***** | ***** |
| Disposal of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
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| Net Change in Cash (Pre-Forex) | ***** | ***** | ***** | ***** | ***** |
| Closing Cash & Equivalents | ***** | ***** | ***** | ***** | ***** |
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| ICR | ***** | ***** | ***** | ***** | ***** |
Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Micromax Biofuels Private Limited
As of FY 2023, Micromax Biofuels Private Limited's shareholding pattern shows 100.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
Charges & Borrowings of Micromax Biofuels Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 May 2022 | State Bank of India | ₹155.22 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Micromax Biofuels Private Limited
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Employee Count & EPFO Data of Micromax Biofuels Private Limited
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GST Compliance of Micromax Biofuels Private Limited
GSTIN & GST Filing Data of Micromax Biofuels Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Micromax Biofuels Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Micromax Biofuels Private Limited
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MSME Payment Delays by Micromax Biofuels Private Limited
MSME Payment Delays by Micromax Biofuels Private Limited
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Subsidiaries & Group Companies of Micromax Biofuels Private Limited
Subsidiaries & Group Companies of Micromax Biofuels Private Limited
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MCA Filings & Documents of Micromax Biofuels Private Limited
MCA Filings & Documents of Micromax Biofuels Private Limited
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Recent Activity on Micromax Biofuels Private Limited
Frequently Asked Questions about Micromax Biofuels Private Limited
Micromax Biofuels Private Limited is an active private limited company in the environment sector based in New Delhi, Delhi, India. It was incorporated on 04 December 2014 (12+ years old) and is registered under CIN U24100DL2014PTC273786. The company has 49 employees.
Micromax Biofuels Private Limited reported revenue of ₹217.3 Cr for FY 2025 (up 6065.00% YoY).
The current directors of Micromax Biofuels Private Limited are:
The primary industry of Micromax Biofuels Private Limited is environment. The company specifically operates in biofuel and biomass energy. The company is currently active in this sector.
Micromax Biofuels Private Limited can be reached at the registered office: Block – A Plot No. 2114 4Th Floor Naraina Industrial Area Phase – Ii, New Delhi, Delhi, India – 110028, or through the website iotex.com.
The authorised capital is ₹6 Cr, and the paid-up capital is ₹5 Cr.