Refinol Ventures Private Limited
About Refinol Ventures Private Limited
Data last updated:
Refinol Ventures Private Limited is a private limited company based in Delhi, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 21 July 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U50100DL2014PTC269136. Its GSTIN is 27AAMCA7562Q1ZS (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Mlm Search Private Limited and Ab Buildestate Private Limited. It is led by directors Shubham Sunil Bharne and Daud Noor Mohomed Khan.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Plot No. 60 Gali No.2 Lalita Park Laxmi Nagar, Delhi, India – 110092.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.65 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹1.17 Cr (net margin -25.1%) and EBITDA of -₹1.07 Cr (EBITDA margin -22.9%). Revenue has grown at a compounded annual rate (CAGR) of 193% over five years.
As per MCA filings, the company has open charges of ₹1.5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No. 60 Gali No.2 Lalita Park Laxmi Nagar, Delhi, India – 110092
- IndustryChemicals and Materials, Petrochemicals & Derivatives
- 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
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Business Activity of Refinol Ventures Private Limited
The main business activity of Refinol Ventures is manufacturing. In detail, this covers coke and refined petroleum products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C5 | Coke and refined petroleum 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 Refinol Ventures Private Limited FY 2023 filings available
Refinol Ventures Private Limited reported revenue of ₹4.65 Cr (down 18% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Refinol Ventures Private Limited
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 193%. EBITDA fell 957% 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 of Refinol Ventures Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹1.07 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.17 Cr | •••• | •••• | •••• | •••• |
| 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 Refinol Ventures Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -22.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -25.1% | •••• | •••• | •••• | •••• |
| 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 Refinol Ventures are in the company report.
Financial statements from 2015
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 Refinol Ventures Private Limited
Refinol Ventures Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Petrochemicals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tanvi Lubricants India Private Limited | ₹4.74 Cr (FY 2021) | •••• | •••• | •••• | Silvassa, Dadra and Nagar Haveli, India | |
| C N K Polymer Products Private Limited | ₹4.71 Cr (FY 2024) | •••• | •••• | 35.0% | •••• | New Delhi, Delhi, India |
| New Envirotech Private Limited | ₹4.7 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Vadodara, Gujarat, India |
| Suraksha Packnseal Private Limited | ₹4.68 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Mira Road, Maharashtra, India |
| Globalsynth Lubricants Private Limited | ₹4.65 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | New Delhi, Delhi, India |
| Refinol Ventures Private Limited this company | ₹4.65 Cr (FY 2023) | •••• | •••• | -18.0% | •••• | Delhi, India |
| Addzol Oil (India) Private Limited | ₹4.64 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Masat, Dadra and Nagar Haveli, India |
| Jaymangal Petrochem Private Limited | ₹4.6 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Pune, Maharashtra, India |
| Vrinda Petroleum and Chemicals Private Limited | ₹4.51 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Thane, Maharashtra, India |
| Appro Lubes Private Limited | ₹4.47 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Bangalore, Karnataka, India |
| Arichs Global Solutions Private Limited | ₹4.46 Cr (FY 2024) | •••• | •••• | 345.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Refinol Ventures by revenue in the Chemicals industry (Petrochemicals), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Refinol Ventures Private Limited
Refinol Ventures Private Limited is audited by MAHAVIR PARAKH & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MAHAVIR PARAKH & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Refinol Ventures Private Limited
Refinol Ventures has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shubham Sunil Bharne | Director | 24 Nov 2021 | 4 Years 10 Months | Current |
| Daud Noor Mohomed Khan Also directs: Refinol Wealth Management Private Limited | Director | 04 Aug 2021 | 5 Years 2 Months | Current |
Ownership and Shareholding of Refinol Ventures Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Refinol Ventures Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Dec 2021 | Canara Bank | ₹1.5 Cr | Open |
Total charge records: 1 View all charges
MSME Payment Delays by Refinol Ventures Private Limited
Refinol Ventures Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 10 overdue payments to 4 micro and small suppliers. 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Pradeep Laminators Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Glosent India Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Refinol Ventures Private Limited
Employment history and EPFO contributions of people linked to Refinol Ventures.
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.
Name History of Refinol Ventures Private Limited
Refinol Ventures has undergone 2 name changes throughout its history. The company was previously known as Mlm Search Private Limited, and Ab Buildestate Private Limited. The current legal name is Refinol Ventures Private Limited.
| Company Name | Status |
|---|---|
| Refinol Ventures Private Limited | Current |
| Mlm Search Private Limited | Previous |
| Ab Buildestate Private Limited | Previous |
CIN History of Refinol Ventures Private Limited
Refinol Ventures has one previous CIN (Corporate Identification Number): U70109DL2014PTC269136. The current CIN is U50100DL2014PTC269136, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U50100DL2014PTC269136 | Current |
| U70109DL2014PTC269136 | Previous |
Recent Activity on Refinol Ventures Private Limited
Refinol Ventures Private Limited has 8 board changes on record since 2018: 2 appointments and 6 cessations. The latest: Mohit Kansal ceased to be Director on 01 Dec 2021.
Credit Ratings, Litigation & Regulatory Alerts for Refinol Ventures 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.
Subsidiaries & Group Companies of Refinol Ventures 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 Refinol Ventures Private Limited
Refinol Ventures has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCA7562Q1ZS | Maharashtra | Active | 15 Sep 2021 |
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 Refinol Ventures 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 Refinol Ventures Private Limited
Refinol Ventures is an active private limited company based in Delhi, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 21 July 2014 (12+ years old) and is registered under CIN U50100DL2014PTC269136.
Refinol Ventures reported revenue of ₹4.65 Cr for FY 2023 (down 18% YoY).
Refinol Ventures has 2 current directors:
- Shubham Sunil Bharne - Director
- Daud Noor Mohomed Khan - Director
Refinol Ventures reported a net loss of ₹1.17 Cr (net margin -25.1%) and EBITDA of -₹1.07 Cr (EBITDA margin -22.9%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Refinol Ventures is 193% over five years. In the latest year (FY 2023) revenue fell 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Refinol Ventures is 27AAMCA7562Q1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Refinol Ventures is U50100DL2014PTC269136. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Refinol Ventures was incorporated on 21 July 2014, making it 12+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Refinol Ventures by revenue are Tanvi Lubricants India Private Limited, C N K Polymer Products Private Limited, New Envirotech Private Limited, Suraksha Packnseal Private Limited, Globalsynth Lubricants Private Limited and 5 more, all in the Chemicals industry (Petrochemicals).
Mohit Kansal ceased to be Director on 01 Dec 2021. Shubham Sunil Bharne was appointed as Director on 24 Nov 2021. Chotey Lal Gupta ceased to be Director on 22 Sep 2021. Refinol Ventures has 8 board changes on record in total.
Refinol Ventures has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 10 overdue payments to 4 micro and small suppliers. The latest return was filed on 30 Apr 2022.
The registered office of Refinol Ventures is at Plot No. 60 Gali No.2 Lalita Park Laxmi Nagar, Delhi, India – 110092.