Mihanika Refineries Private Limited
About Mihanika Refineries Private Limited
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Mihanika Refineries Private Limited is a private limited company based in Hubli, Karnataka, India. It operates in the biofuel and biomass energy segment of the environmental services sector. It was incorporated on 29 November 2023.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U19200KA2023PTC181543.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Kishan Ramesh Belgavi and Karthik Prakash Nayak.
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 Hubli, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.63 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹72.62 Lakh and EBITDA of -₹48.22 Lakh.
As per MCA filings, the company has open charges of ₹4.8 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- WebsiteLocked
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- Registered AddressCts No.136/H Siddharam, Krc Circle Old Bus Stand, Hubli, Karnataka, India – 580029
- IndustryEnvironment, Biofuel & Biomass Energy
- 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
- One PDF report, delivered after checkout
Business Activity of Mihanika Refineries Private Limited
The main business activity of Mihanika Refineries is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mihanika Refineries Private Limited FY 2025 filings available
Mihanika Refineries Private Limited reported revenue of ₹1.63 Lakh (up 311% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mihanika Refineries Private Limited
Revenue rose 311% in the latest year. EBITDA fell 355% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Mihanika Refineries Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| 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 | -₹48.22 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹72.62 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 of Mihanika Refineries Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | •••• | •••• |
| Net Profit Margin | •••• | •••• |
| 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 | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mihanika Refineries are in the company report.
Financial statements from FY 2024
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Mihanika Refineries Private Limited
Mihanika Refineries Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Organic Chemicals, Refineries). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ecocare Energies Private Limited | ₹2.03 Lakh (FY 2024) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Mahanty Tar Refineries Pvt Ltd | ₹1.92 Lakh (FY 2017) | •••• | •••• | •••• | Bhubaneswar, Odisha, India | |
| PCC India Chemicals Private Limited | ₹1.84 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Prakash Colours Private Limited | ₹1.7 Lakh (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Krishi Oils Private Limited | ₹1.64 Lakh (FY 2024) | •••• | •••• | -97.0% | •••• | Indore, Madhya Pradesh, India |
| Mihanika Refineries Private Limited this company | ₹1.63 Lakh (FY 2025) | •••• | •••• | 311.0% | •••• | Hubli, Karnataka, India |
| Tinco Agri Tech Private Limited | ₹1.54 Lakh (FY 2021) | •••• | •••• | 88.0% | •••• | Mumbai, Maharashtra, India |
| Tushar Distilleries Private Limited | ₹1.5 Lakh (FY 2024) | •••• | •••• | •••• | Gokak, Karnataka, India | |
| Sunar Gold Refineries Private Limited | ₹1.5 Lakh (FY 2023) | •••• | •••• | -50.0% | •••• | New Delhi, Delhi, India |
| Anupam Realties Private Limited | ₹1.46 Lakh (FY 2025) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| MSRT Industries Private Limited | ₹1.42 Lakh (FY 2025) | •••• | •••• | 468.0% | •••• | Ramdurg, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Mihanika Refineries by revenue in the Chemicals industry (Organic Chemicals, Refineries), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Mihanika Refineries Private Limited
Mihanika Refineries has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishan Ramesh Belgavi | Director | 29 Nov 2023 | 2 Years 10 Months | Current |
| Karthik Prakash Nayak | Director | 29 Nov 2023 | 2 Years 10 Months | Current |
| Priya Ajit Joshi Also directs: Hubli Assisted Conception Centre Private Limited | Director | 29 Nov 2023 | 2 Years 10 Months | Current |
| Sushmitha Karthik Nayak | Director | 29 Nov 2023 | 2 Years 10 Months | Current |
Charges & Borrowings of Mihanika Refineries Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Sep 2024 | Bank of India | ₹4.8 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Mihanika Refineries Private Limited
Employment history and EPFO contributions of people linked to Mihanika Refineries.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Mihanika Refineries Private Limited
Mihanika Refineries Private Limited has 4 board changes on record since 2023: 4 appointments. The latest: Karthik Prakash Nayak was appointed as Director on 29 Nov 2023.
Credit Ratings, Litigation & Regulatory Alerts for Mihanika Refineries Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mihanika Refineries Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mihanika Refineries Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mihanika Refineries Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mihanika Refineries Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mihanika Refineries Private Limited
Mihanika Refineries is an active private limited company based in Hubli, Karnataka, India. The company works in biofuel and biomass energy, within the environment industry. It was incorporated on 29 November 2023 (3+ years old) and is registered under CIN U19200KA2023PTC181543.
Mihanika Refineries reported revenue of ₹1.63 Lakh for FY 2025 (up 311% YoY).
Mihanika Refineries has 4 current directors:
- Kishan Ramesh Belgavi - Director
- Karthik Prakash Nayak - Director
- Priya Ajit Joshi - Director
- Sushmitha Karthik Nayak - Director
Mihanika Refineries reported a net loss of ₹72.62 Lakh and EBITDA of -₹48.22 Lakh for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Mihanika Refineries is U19200KA2023PTC181543. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mihanika Refineries was incorporated on 29 November 2023, making it 3+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mihanika Refineries by revenue are Ecocare Energies Private Limited, Mahanty Tar Refineries Pvt Ltd, PCC India Chemicals Private Limited, Prakash Colours Private Limited, Krishi Oils Private Limited and 5 more, all in the Chemicals industry (Organic Chemicals, Refineries).
Karthik Prakash Nayak was appointed as Director on 29 Nov 2023. Kishan Ramesh Belgavi was appointed as Director on 29 Nov 2023. Priya Ajit Joshi was appointed as Director on 29 Nov 2023. Mihanika Refineries has 4 board changes on record in total.
The registered office of Mihanika Refineries is at Cts No.136H Siddharam, Krc Circle Old Bus Stand, Hubli, Karnataka, India – 580029.
Mihanika Refineries has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh.
Mihanika Refineries operates in the environment industry, in the biofuel and biomass energy segment.