Petro Araldite Private Limited
About Petro Araldite Private Limited
Data last updated:
Petro Araldite Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Huntsman International (India) Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the plastic and resins segment of the manufacturing sector. It was incorporated on 10 December 1996.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1996PTC104393. The company has 5 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹60 Cr and a paid-up capital of ₹57 Cr. It was led by directors Sunil Hassanand Kukreja and Rayomand Parvez Sabawalla.
Its last annual general meeting (AGM) was held on 11 June 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 4th Floor B Wing Lighthall Hiranandani Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹16.8 Lakh, a decline of 68% compared to the previous year. For the same year it recorded a net loss of ₹4.04 Cr and EBITDA of -₹1.34 Cr. Revenue has declined at a compounded annual rate (CAGR) of 72% over three years.
Court records list 11 cases involving the company, including 3 filed by the company and 8 filed against it; 2 cases are pending.
Company details
Contact details
Petro Araldite Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address4th Floor B Wing Lighthall Hiranandani Business Park Saki Vihar Road Chandivali Andhe, Ri (East), Mumbai, Maharashtra, India – 400072
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Petro Araldite 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
Financials of Petro Araldite Private Limited
FY 2019 filings availablePetro Araldite Private Limited reported revenue of ₹16.8 Lakh (down 68% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 72% over three years, including a 68% fall in the latest year. EBITDA fell 94% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹1.34 Cr | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | -₹4.04 Cr | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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To see the full financial statements and ratios of Petro Araldite Private Limited, buy the company report.
Board of directors of Petro Araldite Private Limited
Petro Araldite has 2 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Hassanand Kukreja Also directs: Snap Studio LLP | Director | 21 Feb 2018 | 8 Years 8 Months | As last reported |
| Rayomand Parvez Sabawalla Also directs: Asha Dwell 92773 28 LLP, Huntsman Solutions India Private Limited | Director | 09 Sep 2010 | 16 Years 1 Months | As last reported |
Peer comparison
Petro Araldite Private Limited is compared with the 10 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Watech Chemicals Private Limited | ₹16.97 Lakh (FY 2024) | 5.0% | Chennai, Tamil Nadu, India | |||
| Abhinav Texchem Private Limited | ₹16.9 Lakh (FY 2025) | -99.0% | Bhilwara, Rajasthan, India | |||
| Sas Sanwa India Private Limited | ₹16.88 Lakh (FY 2025) | -95.0% | Gurgaon, Haryana, India | |||
| G C Impex Private Limited | ₹16.87 Lakh (FY 2025) | -24.0% | Delhi, India | |||
| Alliance Paints Private Limited | ₹16.86 Lakh (FY 2025) | -90.0% | Ludhiana, Punjab, India | |||
| Petro Araldite Private Limitedthis company | ₹16.8 Lakh (FY 2019) | -₹4.04 Cr | -68.0% | Mumbai, Maharashtra, India | ||
| Gondwana Global Mercantile Private Limited | ₹16.77 Lakh (FY 2024) | -84.0% | Chandrapur Ho, Maharashtra, India | |||
| Perfect Chem & Technologies Private Limited | ₹16.76 Lakh (FY 2025) | -41.0% | Kanpur, Uttar Pradesh, India | |||
| Zavenir Metalworking Solutions Private Limited | ₹16.73 Lakh (FY 2025) | -28.0% | New Delhi, Delhi, India | |||
| Ramkrishna Petro Services Private Limited | ₹16.69 Lakh (FY 2021) | 76993.0% | Vadodara, Gujarat, India | |||
| Purepleadge Organics Private Limited | ₹16.69 Lakh (FY 2024) | Delhi, India |
To see the full peer comparison of Petro Araldite Private Limited, buy the company report.
Auditor
Petro Araldite Private Limited is audited by Price Waterhouse & Co. for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co. | FY 2018 | 304026E/E300009 |
Shareholding
The shareholding of Petro Araldite Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Petro Araldite Private Limited, buy the company report.
Legal cases
Petro Araldite Private Limited has 11 court cases on record: 3 filed by Petro Araldite, 8 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 4 | 1 |
| District courts | 4 | 4 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Court case (SMST R) | Filed against the company by Sushil Dass Authorised Representive of Green Gene Enviro Protection and Infrastructure Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Inland Road Transport P Ltd. | Disposed |
| Bombay High Court | Court case (CROL) | Filed against the company by The Commissioner of Income Tax-8 | Pending |
| District court, SURAT, Gujarat | Court case (RCA) | Filed against the company by Green Genr Enviro Protection and Infrastructure Pvt.Susil Das | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by The Principal Commissioner of Income Tax-10 | Disposed |
To see the full case history of Petro Araldite 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 Petro Araldite Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Petro Araldite Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Petro Araldite has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Petro Araldite Private Limited, buy the company report.
Recent activity
Petro Araldite Private Limited has 28 board changes on record since 2007: 2 appointments and 26 cessations. The latest: Sunil Hassanand Kukreja ceased to be Additional Director on 31 May 2018.
19 earlier events are in the company report.
Frequently asked questions
Petro Araldite has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Petro Araldite was a private limited company based in Mumbai, Maharashtra, India. The company worked in plastic and resins, within the manufacturing industry. It was incorporated on 10 December 1996 and is registered under CIN U24110MH1996PTC104393. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Petro Araldite was incorporated on 10 December 1996. It is registered with the Registrar of Companies, Mumbai.
Petro Araldite had 2 directors:
- Sunil Hassanand Kukreja - Director
- Rayomand Parvez Sabawalla - Director
The CIN (Corporate Identification Number) of Petro Araldite is U24110MH1996PTC104393. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Petro Araldite is at 4th Floor B Wing Lighthall Hiranandani Business Park Saki Vihar Road Chandivali Andhe, Ri East, Mumbai, Maharashtra, India – 400072.
The latest financial statements of Petro Araldite on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 11 June 2019. Year-wise statements from 2015 are in the company report.
No. Petro Araldite has 5 GST registrations on record and all of them are cancelled or inactive.
Petro Araldite operated in the manufacturing industry, in the plastic and resins segment.
The peers of Petro Araldite by revenue are Watech Chemicals Private Limited, Abhinav Texchem Private Limited, Sas Sanwa India Private Limited, G C Impex Private Limited, Alliance Paints Private Limited and 5 more, all in the Chemicals industry (Chemical Retail and Distribution).
Petro Araldite has 11 court cases on record: 3 filed by the company and 8 filed against it. 2 are pending. Most are in the high courts.
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