Shikhar Oils Private Limited
About Shikhar Oils Private Limited
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Shikhar Oils Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 12 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U23200MP2009PTC021900. Its GSTIN is 23AANCS0247B1ZS (Madhya Pradesh).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹70 Lakh. It was formerly known as Shikhar Sai Oils Private Limited. It is led by directors including Shrikant Patwa and Shikhar Patwa.
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 202 Nobel Apartment 12/3 Old Palasia, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.3 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.88 Lakh (net margin -0.3%) and EBITDA of ₹6.12 Lakh (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 437% over three years and 77% over five years.
As per MCA filings, the company has open charges of ₹3.2 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹52.5 Lakh; the latest was in March 2015. Its 10 peer companies in the Chemicals industry (Petrochemicals) are compared by revenue, 5 larger and 5 smaller; the largest is Danmet Chemicals Pvt Ltd with revenue of ₹6.52 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Shikhar Oils Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address202 Nobel Apartment 12/3 Old Palasia, Indore, Madhya Pradesh, India – 452001
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Shikhar Oils 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 Shikhar Oils Private Limited
FY 2025 filings availableShikhar Oils Private Limited reported revenue of ₹6.3 Cr (up 96157% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 77% over five years. EBITDA rose 336% 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 | ₹6.12 Lakh | ||||
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| Net Profit (PAT) | -₹1.88 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | -0.3% | ||||
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To see the full financial statements and ratios of Shikhar Oils Private Limited, buy the company report.
Board of directors of Shikhar Oils Private Limited
Shikhar Oils has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrikant Patwa Also directs: Sharda Minerals and Chemicals Private Limited | Director | 30 Dec 2023 | 2 Years 9 Months | Current |
| Shikhar Patwa Also directs: Sharda Minerals and Chemicals Private Limited | Director | 10 Dec 2020 | 5 Years 10 Months | Current |
| Namita Patwa Also directs: Sharda Minerals and Chemicals Private Limited | Director | 12 May 2009 | 17 Years 5 Months | Current |
Peer comparison
Shikhar Oils Private Limited is compared with the 10 companies closest to it by revenue in the Chemicals industry (Petrochemicals), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Danmet Chemicals Pvt Ltd | ₹6.52 Cr (FY 2025) | 40.0% | Maharashtra, India | |||
| North East Lubrica Private Limited | ₹6.42 Cr (FY 2023) | 2328.0% | Mumbai, Maharashtra, India | |||
| Essen Lubricants Private Limited | ₹6.32 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Kusum Industries Private Limited | ₹6.31 Cr (FY 2025) | 6.0% | Jaipur, Rajasthan, India | |||
| Swati Oil Technologies Private Limited | ₹6.3 Cr (FY 2025) | 15.0% | Delhi, India | |||
| Shikhar Oils Private Limitedthis company | ₹6.3 Cr (FY 2025) | -₹1.88 Lakh | -0.3% | 96157.0% | Indore, Madhya Pradesh, India | |
| Maax Aerosol Technology Private Limited | ₹6.19 Cr (FY 2025) | 25.0% | Annur, Tamil Nadu, India | |||
| A N Diesels Private Limited | ₹6.12 Cr (FY 2019) | 322.0% | Punjab, India | |||
| Gupta Hitech Industries Private Limited | ₹6.1 Cr (FY 2025) | -12.0% | Guwahati, Assam, India | |||
| Lubrichem Engineers Private Limited | ₹6.06 Cr (FY 2024) | -26.0% | Pune, Maharashtra, India | |||
| Magnus Asia Private Limited | ₹6.04 Cr (FY 2025) | 11.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Shikhar Oils Private Limited, buy the company report.
Auditor
Shikhar Oils Private Limited is audited by UJJWAL BHORKAR & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UJJWAL BHORKAR & ASSOCIATES | FY 2020 | 014548C |
Shareholding
The shareholding of Shikhar Oils Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Shikhar Oils Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 2025 | 101216619 | Others | ₹1.5 Cr | Open | |
| 23 Jul 2011 | 10303625 | State Bank of India | ₹1.7 Cr | Open |
To see the full charge records of Shikhar Oils Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Shikhar Oils Private Limited has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹52.5 Lakh; the latest was in March 2015.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Rights issue | ₹20 Lakh | Investors: 2 individuals |
| Mar 2012 | Funding round | ₹17.5 Lakh | Investors: 2 individuals |
| Jul 2011 | Funding round | ₹20 Lakh | Investors: an individual |
| Jun 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
To see the full deal history of Shikhar Oils 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
Shikhar Oils Private Limited has 1 court case on record: 1 filed by Shikhar Oils. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (UN CR) | Filed by the company against Balaji Enterprises Prop. Nisha Dubey | Pending |
To see the full case history of Shikhar Oils 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 Shikhar Oils Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shikhar Oils has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AANCS0247B1ZS | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shikhar Oils Private Limited, buy the company report.
Recent activity
Shikhar Oils Private Limited has 6 board changes on record since 2009: 3 appointments and 3 cessations. The latest: Shrikant Patwa was appointed as Director on 30 Dec 2023.
Frequently asked questions
Shikhar Oils is an active private limited company based in Indore, Madhya Pradesh, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 12 May 2009 (17+ years old) and is registered under CIN U23200MP2009PTC021900.
Shikhar Oils has 3 current directors:
- Shrikant Patwa - Director
- Shikhar Patwa - Director
- Namita Patwa - Director
The latest financial statements of Shikhar Oils 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 Shikhar Oils is 23AANCS0247B1ZS, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Shikhar Oils is U23200MP2009PTC021900. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shikhar Oils has 1 court case on record: 1 filed by the company. 1 is pending.
Shikhar Oils was incorporated on 12 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Gwalior.
Shikhar Oils has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹52.5 Lakh; the latest was in March 2015.
The peers of Shikhar Oils by revenue are Danmet Chemicals Pvt Ltd, North East Lubrica Private Limited, Essen Lubricants Private Limited, Kusum Industries Private Limited, Swati Oil Technologies Private Limited and 5 more, all in the Chemicals industry (Petrochemicals).
Shrikant Patwa was appointed as Director on 30 Dec 2023. Varsha Painter ceased to be Additional Director on 12 Dec 2020. Shikhar Patwa was appointed as Director on 10 Dec 2020. Shikhar Oils has 6 board changes on record in total.
The registered office of Shikhar Oils is at 202 Nobel Apartment 123 Old Palasia, Indore, Madhya Pradesh, India – 452001.