About Neon Fuel Limited
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Neon Fuel Limited is a public limited company based in Himatnagar, Gujarat, India. It operates in the oil and gas distribution and transmission segment of the energy and power sector. It was incorporated on 09 May 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ1994PLC022010. Its GSTIN is 24AAACN6773C1ZN (Gujarat).
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5.01 Cr. It is led by directors including Anilbhai Jayantibhai Patel (Managing Director) and Dilipkumar Ishwarbhai Patel (Managing Director).
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 1 Happy Chambers 1st Floor Baycorner Mahavirnagar Dist (S K ), Himatnagar, Gujarat, India – 383001.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.58 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹14.39 Lakh (net margin -1.7%) and EBITDA of ₹20.36 Lakh (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 15% over five years.
The company is associated with 1 brand: Neon Gas. As per MCA filings, the company has satisfied charges of ₹1.11 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is 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 neongas.in.
Company details
CIN history
Neon Fuel has one previous CIN (Corporate Identification Number): L72200GJ1994PLC022010. The current CIN is U72200GJ1994PLC022010, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200GJ1994PLC022010 | Current |
| L72200GJ1994PLC022010 | Previous |
Contact details
Neon Fuel Limited's registered office is in Himatnagar, Gujarat. Its website is neongas.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1 Happy Chambers 1st Floor Baycorner Mahavirnagar Dist (S K ), Himatnagar, Gujarat, India – 383001
- IndustryEnergy and Power, Oil & Gas Distribution & Transmission
To see the full contact details of Neon Fuel 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
Brands
Neon Fuel operates one associated brand: Neon Gas. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| LPG gas distribution and bottling services for home, hotel, and industrial sectors in Gujarat. | neongas.in |
Business activity
The main business activity of Neon Fuel is electricity, gas, steam and air condition supply. In detail, this covers manufacture of gas, distribution of gaseous fuels.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D2 | Manufacture of gas, distribution of gaseous fuels |
To see the full business activity and turnover split of Neon Fuel Limited, buy the company report.
Financials of Neon Fuel Limited
FY 2025 filings availableNeon Fuel Limited reported revenue of ₹8.58 Cr (down 62% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 62% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 65% 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 | ₹20.36 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹14.39 Lakh | ||||
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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 | 2.4% | ||||
| Net Profit Margin | -1.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Neon Fuel Limited, buy the company report.
Board of directors of Neon Fuel Limited
Neon Fuel has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amitbhai Jayantilal Patel Also directs: Skyblue Petrochem LLP | Additional Director | 17 Feb 2025 | 1 Years 8 Months | Current |
| Anilbhai Jayantibhai Patel Also directs: Skyblue Petrochem LLP | Managing Director | 11 Dec 2017 | 8 Years 10 Months | Current |
| Dilipkumar Ishwarbhai Patel | Managing Director | 15 Feb 2007 | 19 Years 8 Months | Current |
Auditor
Neon Fuel Limited is audited by Parikh Shah & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Parikh Shah & Associates | FY 2023 | 123999W |
Shareholding
The shareholding of Neon Fuel Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neon Fuel Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2012 | 10413545 | The Mehsana Urban Co-Operative Bank Limited | ₹12 Lakh | Satisfied | |
| 21 Mar 2007 | 10042359 | The Mehsana Urban Co-Operative Bank Ltd. | ₹20 Lakh | Satisfied | |
| 18 Aug 2006 | 10014610 | The Mehsana Urban Co-Operative Bank Limited. | ₹25 Lakh | Satisfied | |
| 10 Feb 1998 | 80006209 | Bank of Baroda | ₹50 Lakh | Satisfied | |
| 25 May 1995 | 90098162 | Bank of Baroda | ₹3.5 Lakh | Satisfied |
To see the full charge records of Neon Fuel Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Neon Fuel Limited has 4 court cases on record: 1 filed by Neon Fuel, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 2 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sabarkantha at Himmatnagar, Gujarat | Court case (CR A) | Filed against the company by an individual | Pending |
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed against the company by an individual | Disposed |
To see the full case history of Neon Fuel 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
Neon Fuel Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Neon Fuel Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Neon Fuel has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACN6773C1ZN | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neon Fuel Limited, buy the company report.
Recent activity
Neon Fuel Limited has 8 board changes on record since 2007: 4 appointments and 4 cessations. The latest: Amitbhai Jayantilal Patel was appointed as Additional Director on 17 Feb 2025.
9 earlier events are in the company report.
Frequently asked questions
Neon Fuel is an active public limited company based in Himatnagar, Gujarat, India. The company works in oil and gas distribution and transmission, within the energy and power industry. It was incorporated on 09 May 1994 (32+ years old) and is registered under CIN U72200GJ1994PLC022010.
Neon Fuel has 3 current directors:
- Anilbhai Jayantibhai Patel - Managing Director
- Dilipkumar Ishwarbhai Patel - Managing Director
- Amitbhai Jayantilal Patel - Additional Director
The latest financial statements of Neon Fuel on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Neon Fuel is 24AAACN6773C1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Neon Fuel is U72200GJ1994PLC022010. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neon Fuel has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Neon Fuel was incorporated on 09 May 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Amitbhai Jayantilal Patel was appointed as Additional Director on 17 Feb 2025. Bhikhabhai Ishvarbhai Patel ceased to be Director on 17 Feb 2025. Dhaval Sharadbhai Jadhav ceased to be Company Secretary on 14 Nov 2019. Neon Fuel has 8 board changes on record in total.
Neon Fuel has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 03 Jul 2024.
Neon Fuel can be reached through the website neongas.in. Its registered office is in Himatnagar, Gujarat, India.
The registered office of Neon Fuel is at 1 Happy Chambers 1st Floor Baycorner Mahavirnagar Dist S K , Himatnagar, Gujarat, India – 383001.
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