About Saurashtra Fuels P Ltd
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Saurashtra Fuels P Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 06 December 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U23200GJ1993PTC097907. Its GSTIN is 24AAACS7271G1ZF (Gujarat). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹64.75 Cr and a paid-up capital of ₹9.26 Cr. It is led by directors including Piyushkumar Asthana and Vikashchandra Tolaram Chudiwala.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹249 Cr, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹61.84 Cr (net margin -24.8%) and EBITDA of -₹51.52 Cr (EBITDA margin -20.7%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 15% over five years.
The company has about 24 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Saurashtra Freight and Saurashtra Group. As per MCA filings, the company has open charges of ₹27.1 Lakh and satisfied charges of ₹2,137.02 Cr on record. Court records list 88 cases involving the company, including 74 filed by the company and 14 filed against it; 12 cases are pending. The company has 12 deals on record (8 secondary share transfers, 2 convertible or debt financings, 1 funding round), with disclosed funding of ₹41.5 Cr; the latest was in December 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saurashtracorp.com.
Company details
CIN history
Saurashtra Fuels P has one previous CIN (Corporate Identification Number): U23200MH1993PTC075455. The current CIN is U23200GJ1993PTC097907, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U23200GJ1993PTC097907 | Current |
| U23200MH1993PTC075455 | Previous |
Contact details
Saurashtra Fuels P Ltd's registered office is in Ahmedabad, Gujarat. Its website is saurashtracorp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 205 Titanium Square Thaltej Cross Road, S G Highway, Ahmedabad, Gujarat, India – 380054
- IndustryMetals and Minerals, Other Metals & Minerals
To see the full contact details of Saurashtra Fuels P Ltd, 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
Saurashtra Fuels P operates two associated brands: Saurashtra Freight and Saurashtra Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Warehousing, transportation, and real-time tracking services are provided. | saurashtrafreight.com | |
| Coal mining and exploration operations are managed by Saurashtra Group. | saurashtracorp.com |
Business activity
The main business activity of Saurashtra Fuels P is manufacturing. In detail, this covers coke and refined petroleum products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C5 | Coke and refined petroleum products |
To see the full business activity and turnover split of Saurashtra Fuels P Ltd, buy the company report.
Financials of Saurashtra Fuels P Ltd
FY 2024 filings availableSaurashtra Fuels P Ltd reported revenue of ₹249 Cr (down 61% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 61% fall in the latest year. EBITDA fell 106% 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 | -₹51.52 Cr | ||||
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| Net Profit (PAT) | -₹61.84 Cr | ||||
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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 | -20.7% | ||||
| Net Profit Margin | -24.8% | ||||
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To see the full financial statements and ratios of Saurashtra Fuels P Ltd, buy the company report.
Board of directors of Saurashtra Fuels P Ltd
Saurashtra Fuels P has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyushkumar Asthana Also directs: Fairfreight Lines Private Limited | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
| Vikashchandra Tolaram Chudiwala Also directs: Peaberry Language Private Limited, DKS Shipping Private Limited, Swapnalok Media & Technology Private Limited and 5 more | Director | 09 Apr 2024 | 2 Years 6 Months | Current |
| Kunda Singh | Director | 01 Jul 1995 | 31 Years 3 Months | Current |
| Rajesh Manharlal Desai Also directs: Vritanta Ventures LLP, Eknath Properties Private Limited, Illuminati Building Solutions Private Limited and 5 more | Director | 15 Sep 2008 | 18 Years 1 Months | Current |
| Navin Kumar Sinha | Director | 22 Dec 2010 | 15 Years 10 Months | Current |
Auditor
Saurashtra Fuels P Ltd is audited by Clb & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Clb & Associates | FY 2023 | 124345W |
Shareholding
The shareholding of Saurashtra Fuels P Ltd 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 Saurashtra Fuels P Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 May 2006 | 10009178 | Srei Infrastructure Finance Limited | ₹27.1 Lakh | Open | |
| 20 Mar 2024 | 100896299 | Others | ₹16 Lakh | Satisfied | |
| 09 Feb 2023 | 100682043 | Others | ₹260.2 Cr | Satisfied | |
| 29 Nov 2022 | 100650139 | State Bank of India | ₹89.26 Cr | Satisfied | |
| 30 Sep 2021 | 100493993 | Others | ₹84 Lakh | Satisfied |
To see the full charge records of Saurashtra Fuels P Ltd, buy the company report.
Total charge records: 49 View all charges
Deals & funding
Saurashtra Fuels P Ltd has 12 deals on record (8 secondary share transfers, 2 convertible or debt financings, 1 funding round), with disclosed funding of ₹41.5 Cr; the latest was in December 2023.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ozone Global Limited |
| Dec 2018 | Rights issue | ₹2.06 Cr | Investors: Molshree Trade Invest Private Limited , 2 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Swapnalok Media & Technology Private Limited |
| Dec 2009 | Secondary share transfer | Undisclosed | Buyer: Swapnalok Media & Technology Private Limited , an individual Seller: 2 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Great Valley Co.Limited, an individual Seller: B P Agarwalla & Sons Ltd , Oriental Sales Private Limited , S.K Agarwalla HUF |
To see the full deal history of Saurashtra Fuels P Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Saurashtra Fuels P Ltd has 88 court cases on record: 74 filed by Saurashtra Fuels P, 14 filed against it. 12 cases are pending and 76 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 70 | 10 | 9 |
| District courts | 13 | 2 | 2 |
| Supreme Court | 3 | 2 | 1 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 88)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Shree Nandsai Steels Private Limited | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Mukand Ltd and 8 others | Disposed |
| High Court, GUJARAT | Court case (CR.MA) | Filed against the company by Sona Alloys Private Limited and 6 others | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against Sona Alloys Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Shree Nandsai Steels Private Limited | Disposed |
To see the full case history of Saurashtra Fuels P Ltd, 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 Saurashtra Fuels P Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Saurashtra Fuels P has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Saurashtra Exim Private Limited C/N | U74110MH2004PTC149820 |
To see the full group structure of Saurashtra Fuels P Ltd, buy the company report.
Employees & EPFO
Saurashtra Fuels P Ltd has a workforce of 24 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Saurashtra Fuels P has 6 GST registrations: 2 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACS7271G1ZF | Gujarat | Active | 01 Jul 2017 |
| 27AAACS7271G3Z7 | Maharashtra | Active | 26 Jul 2017 |
To see the full GST registrations and return filing status of Saurashtra Fuels P Ltd, buy the company report.
Recent activity
Saurashtra Fuels P Ltd has 14 board changes on record since 1995: 5 appointments and 9 cessations. The latest: Surendra Kumar Sinha ceased to be Director on 27 Sep 2025.
121 earlier events are in the company report.
Frequently asked questions
Saurashtra Fuels P is an active private limited company based in Ahmedabad, Gujarat, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 06 December 1993 (33+ years old) and is registered under CIN U23200GJ1993PTC097907.
Saurashtra Fuels P has 5 current directors:
- Piyushkumar Asthana - Director
- Vikashchandra Tolaram Chudiwala - Director
- Kunda Singh - Director
- Rajesh Manharlal Desai - Director
- Navin Kumar Sinha - Director
The latest financial statements of Saurashtra Fuels P on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Saurashtra Fuels P is 24AAACS7271G1ZF, registered in Gujarat. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 27AAACS7271G3Z7 (Maharashtra).
The CIN (Corporate Identification Number) of Saurashtra Fuels P is U23200GJ1993PTC097907. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saurashtra Fuels P has 88 court cases on record: 74 filed by the company and 14 filed against it. 12 are pending. Most are in the high courts.
Saurashtra Fuels P was incorporated on 06 December 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Saurashtra Fuels P has 12 deals on record (8 secondary share transfers, 2 convertible or debt financings, 1 funding round), with disclosed funding of ₹41.5 Cr; the latest was in December 2023.
Surendra Kumar Sinha ceased to be Director on 27 Sep 2025. Piyushkumar Asthana ceased to be Additional Director on 27 Sep 2024. Vikashchandra Tolaram Chudiwala ceased to be Additional Director on 27 Sep 2024. Saurashtra Fuels P has 14 board changes on record in total.
Saurashtra Fuels P can be reached through the website saurashtracorp.com. Its registered office is in Ahmedabad, Gujarat, India.
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