Abhay Solvents Private Limited
About Abhay Solvents Private Limited
Data last updated:
Abhay Solvents Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the solvent and oil extraction tech segment of the chemicals and materials sector. It was incorporated on 27 December 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U00211KA1993PTC015076. Its GSTIN is 29AACCA1284D1ZY (Karnataka).
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹3.5 Cr. It is led by directors including Hemanthkumar Abhaykumar Mehta (Managing Director) and Abhaykumar Manikchandji Mehta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 06 March 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mantrigreensa – 004 No.1 Sampigeroadmalleswaram, Bangalore, Karnataka, India – 560003.
As per the financials filed for FY 2023, the company reported a revenue of ₹403.15 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹1.7 Cr (net margin 0.4%) and EBITDA of ₹6.16 Cr (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 20% over five years.
The company has about 51 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹63.2 Cr and satisfied charges of ₹2 Cr on record. Court records list 73 cases involving the company, including 35 filed by the company and 38 filed against it; 11 cases are pending. The company has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹6.6 Cr; the latest was in March 2015.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Abhay Solvents Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMantrigreensa – 004 No.1 Sampigeroadmalleswaram, Bangalore, Karnataka, India – 560003
- IndustryChemicals and Materials, Solvent & Oil Extraction Tech
To see the full contact details of Abhay Solvents 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 Abhay Solvents is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Abhay Solvents Private Limited, buy the company report.
Financials of Abhay Solvents Private Limited
FY 2023 filings availableAbhay Solvents Private Limited reported revenue of ₹403.15 Cr (up 14% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 14% growth in the latest year. EBITDA rose 26% 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 |
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| EBITDA | ₹6.16 Cr | ||||
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| Net Profit (PAT) | ₹1.7 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 1.5% | ||||
| Net Profit Margin | 0.4% | ||||
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To see the full financial statements and ratios of Abhay Solvents Private Limited, buy the company report.
Board of directors of Abhay Solvents Private Limited
Abhay Solvents has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahaveer Mehta | Director | 20 Mar 1995 | 31 Years 7 Months | Current |
| Abhaykumar Manikchandji Mehta | Whole-Time Director | 27 Dec 1993 | 32 Years 10 Months | Current |
| Hemanthkumar Abhaykumar Mehta Also directs: Abhay Agro Foods Private Limited, Abhaysuraksha Builders Private Limited, Hiriyur Food Park Private Limited and 3 more | Managing Director | 27 Dec 1993 | 32 Years 10 Months | Current |
| Praveenkumar Abhaykumar Mehta Also directs: Abhay Agro Foods Private Limited, Abhaysuraksha Builders Private Limited, Hiriyur Food Park Private Limited and 1 more | Whole-Time Director | 27 Dec 1993 | 32 Years 10 Months | Current |
Auditor
Abhay Solvents Private Limited is audited by Dagliya & Co., for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dagliya & Co., | FY 2022 | 0671S |
Shareholding
The shareholding of Abhay Solvents 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 Abhay Solvents Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Sep 2025 | 101164391 | Hdfc Bank Limited | ₹1.55 Cr | Open | |
| 21 Jun 2025 | 101125085 | Hdfc Bank Limited | ₹87.66 Lakh | Open | |
| 13 Oct 2020 | 100386123 | State Bank of India | ₹3.13 Cr | Open | |
| 15 Feb 2005 | 80043700 | State Bank of India | ₹57.65 Cr | Open | |
| 10 Nov 2005 | 80043698 | Karnataka State Financal Corporation | ₹1.5 Cr | Satisfied |
To see the full charge records of Abhay Solvents Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Abhay Solvents Private Limited has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹6.6 Cr; the latest was in March 2015.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Abhay Kumar Mehta Bigger HUF |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Mehta Hemant Kumar HUF, Mehta Praveen Kumar HUF Seller: Abhay Kumar Mehta Bigger HUF, an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Mehta Hemant Kumar HUF, an individual Seller: Mehta Praveen Kumar HUF, an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Mehta Praveen Kumar HUF Seller: an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Mehta Praveen Kumar HUF, 2 individuals |
To see the full deal history of Abhay Solvents Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Abhay Solvents Private Limited has 73 court cases on record: 35 filed by Abhay Solvents, 38 filed against it. 11 cases are pending and 62 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 51 | 31 | 7 |
| High courts | 21 | 7 | 4 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Disposed |
| District court, KOPPAL, Karnataka | Execution petition | Filed by the company against Ms Shalimar Agro Tech Pvt.Ltd. Its M.D.Mahesh Kumar Agarwal | Disposed |
| District court, Hyderabad CCC, Telangana | Execution petition | Filed by the company against Ms Shalimar Agro Tech Pvt Ltd | Disposed |
| District court, KOPPAL, Karnataka | Civil suit | Filed by the company against Ms. Shalimar Agro Tech Pvt Ltd. | Disposed |
| District court, RAICHUR, Karnataka | Motor accident claim | Filed against the company | Pending |
To see the full case history of Abhay Solvents 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.
Credit ratings & regulatory alerts
Abhay Solvents Private Limited was last rated by Crisil on 07 Nov 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 07 Nov 2016 |
To see the full credit ratings and regulatory alerts of Abhay Solvents Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Abhay Solvents Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Abhay Solvents Private Limited has a workforce of 51 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Abhay Solvents has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCA1284D1ZY | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Abhay Solvents Private Limited, buy the company report.
Recent activity
Abhay Solvents Private Limited has 7 board changes on record since 1993: 4 appointments and 3 cessations. The latest: Abhaykumar Manikchandji Mehta ceased to be Director on 01 Sep 2011.
7 earlier events are in the company report.
Frequently asked questions
Abhay Solvents is an active private limited company based in Bangalore, Karnataka, India. The company works in solvent and oil extraction tech, within the chemicals and materials industry. It was incorporated on 27 December 1993 (33+ years old) and is registered under CIN U00211KA1993PTC015076.
Abhay Solvents has 4 current directors:
- Hemanthkumar Abhaykumar Mehta - Managing Director
- Abhaykumar Manikchandji Mehta - Whole-Time Director
- Praveenkumar Abhaykumar Mehta - Whole-Time Director
- Mahaveer Mehta - Director
The latest financial statements of Abhay Solvents on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 06 March 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Abhay Solvents is 29AACCA1284D1ZY, registered in Karnataka.
The CIN (Corporate Identification Number) of Abhay Solvents is U00211KA1993PTC015076. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abhay Solvents has 73 court cases on record: 35 filed by the company and 38 filed against it. 11 are pending. Most are in the district courts.
Abhay Solvents was incorporated on 27 December 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
Abhay Solvents has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹6.6 Cr; the latest was in March 2015.
Abhaykumar Manikchandji Mehta ceased to be Director on 01 Sep 2011. Hemanthkumar Abhaykumar Mehta ceased to be Director on 01 Sep 2011. Praveenkumar Abhaykumar Mehta ceased to be Director on 01 Sep 2011. Abhay Solvents has 7 board changes on record in total.
The registered office of Abhay Solvents is at Mantrigreensa – 004 No.1 Sampigeroadmalleswaram, Bangalore, Karnataka, India – 560003.
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