About Micromax Biofuels Private Limited
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Micromax Biofuels Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Micromax Informatics Limited. It operates in the biofuel and biomass energy segment of the environmental services sector. It was incorporated on 04 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U24100DL2014PTC273786. Its GSTIN is 07AADCI6853M1Z3 (Delhi). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Iotex Systems Private Limited and Micromax Biofuel Private Limited. It is led by directors including Rajesh Agarwal and Rahul Sharma.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 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. For the same year it recorded a net loss of ₹1.87 Cr (net margin -0.9%) and EBITDA of ₹19.3 Cr (EBITDA margin 8.9%). Revenue has grown at a compounded annual rate (CAGR) of 566% over three years.
The company has about 49 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Iotex. As per MCA filings, the company has open charges of ₹155.22 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending.
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.
Company details
Name history
Micromax Biofuels 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.
| Company Name | Status |
|---|---|
| Micromax Biofuels Private Limited | Current |
| Iotex Systems Private Limited | Previous |
| Micromax Biofuel Private Limited | Previous |
CIN history
Micromax Biofuels 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 |
Contact details
Micromax Biofuels Private Limited's registered office is in New Delhi, Delhi. Its website is iotex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBlock – A Plot No. 21/14 4th Floor Naraina Industrial Area Phase – II, New Delhi, Delhi, India – 110028
- IndustryEnvironment, Biofuel & Biomass Energy
To see the full contact details of Micromax Biofuels 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 activity of Micromax Biofuels is manufacturing. In detail, this covers manufacture of coke and refined petroleum products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 19 | Manufacture of coke and refined petroleum products |
To see the full business activity and turnover split of Micromax Biofuels Private Limited, buy the company report.
Financials of Micromax Biofuels Private Limited
FY 2025 filings availableMicromax Biofuels Private Limited reported revenue of ₹217.3 Cr (up 6065% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 566% over three years. 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹217.3 Cr | ||||
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| EBITDA | ₹19.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.87 Cr | ||||
| Balance Sheet | |||||
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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 | 8.9% | ||||
| Net Profit Margin | -0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Micromax Biofuels Private Limited, buy the company report.
Board of directors of Micromax Biofuels Private Limited
Micromax Biofuels has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Agarwal Also directs: MMX Infrastructure LLP, Micromax Informatics Limited, Bihar Cattle Feed Private Limited and 5 more | Director | 07 Jun 2021 | 5 Years 4 Months | Current |
| Rahul Sharma Also directs: MMX Infrastructure LLP, Micromax Informatics Limited, Bihar Cattle Feed Private Limited and 5 more | Director | 07 Jun 2021 | 5 Years 4 Months | Current |
| Vikas Jain Also directs: MMX Infrastructure LLP, Micromax Informatics Limited, Bihar Cattle Feed Private Limited and 5 more | Director | 07 Jun 2021 | 5 Years 4 Months | Current |
| Sumeet Kumar Also directs: MMX Infrastructure LLP, Micromax Informatics Limited, Bihar Cattle Feed Private Limited and 5 more | Director | 19 Jul 2018 | 8 Years 3 Months | Current |
Auditor
Micromax Biofuels Private Limited is audited by Sandeep Kuldeep & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sandeep Kuldeep & Co. | FY 2023 | 015163N |
Shareholding
The shareholding of Micromax Biofuels Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Micromax Biofuels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 May 2022 | 100577123 | State Bank of India | ₹155.22 Cr | Open |
To see the full charge records of Micromax Biofuels Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Micromax Biofuels Private Limited has 2 court cases on record: 2 filed by Micromax Biofuels. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4601-Tenders/licenses/leases : Tenders/licenses/leases invited by Union/ UT’s/ Central public sector undertakings, including cancellation/award of tenders.) | Filed by the company against The Union of India and 4 others | Pending |
| Patna High Court | Court case (CWJC) | Filed by the company against The Indian Oil Corporation Limited (Iocl), and 3 others | Pending |
To see the full case history of Micromax Biofuels 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 Micromax Biofuels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Micromax Biofuels has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCI6853M1Z3 | Delhi | Active | 01 Jul 2017 |
| 10AADCI6853M1ZG | Bihar | Active | 24 Mar 2022 |
To see the full GST registrations and return filing status of Micromax Biofuels Private Limited, buy the company report.
Recent activity
Micromax Biofuels Private Limited has 9 board changes on record since 2018: 4 appointments and 5 cessations. The latest: Rahul Sharma ceased to be Additional Director on 30 Nov 2021.
2 earlier events are in the company report.
Frequently asked questions
Micromax Biofuels is an active private limited company based in New Delhi, Delhi, India. The company works in biofuel and biomass energy, within the environment industry. It was incorporated on 04 December 2014 (12+ years old) and is registered under CIN U24100DL2014PTC273786.
Micromax Biofuels has 4 current directors:
- Rajesh Agarwal - Director
- Rahul Sharma - Director
- Vikas Jain - Director
- Sumeet Kumar - Director
The latest financial statements of Micromax Biofuels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Micromax Biofuels is 07AADCI6853M1Z3, registered in Delhi. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 10AADCI6853M1ZG (Bihar).
The CIN (Corporate Identification Number) of Micromax Biofuels is U24100DL2014PTC273786. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Micromax Biofuels has 2 court cases on record: 2 filed by the company. 2 are pending. Most are in the high courts.
Micromax Biofuels was incorporated on 04 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Delhi.
Rahul Sharma ceased to be Additional Director on 30 Nov 2021. Rajesh Agarwal ceased to be Additional Director on 30 Nov 2021. Vikas Jain ceased to be Additional Director on 30 Nov 2021. Micromax Biofuels has 9 board changes on record in total.
Micromax Biofuels can be reached through the website iotex.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Micromax Biofuels is at Block – A Plot No. 2114 4th Floor Naraina Industrial Area Phase – II, New Delhi, Delhi, India – 110028.