About Soltex Petro Products Ltd.
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Soltex Petro Products Ltd. is a public limited company based in Mumbai, Maharashtra, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 29 June 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1992PLC067460. Its GSTIN is 27AAECS2424D1ZQ (Maharashtra). The company holds 11 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.99 Cr. It is led by directors including Geet Naresh Chadha (Managing Director) and Anil Kumar Bhasin.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹323.94 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹5.15 Cr (net margin 1.6%) and EBITDA of ₹19.27 Cr (EBITDA margin 5.9%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
The company has about 189 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Soltexpetro. As per MCA filings, the company has open charges of ₹198.86 Cr and satisfied charges of ₹31.25 Cr on record. Court records list 35 cases involving the company, including 25 filed by the company and 10 filed against it; 15 cases are pending. The company has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹15.56 Cr; the latest was in March 2025. Its 5 peer companies in the Manufacturing industry (Plastics and Resins), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 4 larger and 1 smaller; the largest is Prime Comfort Products Private Limited with revenue of ₹331.35 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website soltexpetro.com.
Company details
CIN history
Soltex Petro Products has one previous CIN (Corporate Identification Number): U23200MH1992PTC067460. The current CIN is U99999MH1992PLC067460, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1992PLC067460 | Current |
| U23200MH1992PTC067460 | Previous |
Contact details
Soltex Petro Products Ltd.'s registered office is in Mumbai, Maharashtra. Its website is soltexpetro.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressD – 112 Crystal Plaza Opp. Infinity Mall New Link Road Andher, I (W), Mumbai, Maharashtra, India – 400058
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Soltex Petro Products 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
Soltex Petro Products operates one associated brand: Soltexpetro. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of masterbatches for polymers and additives in India. | soltexpetro.com |
Business activity
The main business activity of Soltex Petro Products is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Soltex Petro Products Ltd., buy the company report.
Financials of Soltex Petro Products Ltd.
FY 2025 filings availableSoltex Petro Products Ltd. reported revenue of ₹323.94 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 14% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 9% 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 | ₹19.27 Cr | ||||
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| Net Profit (PAT) | ₹5.15 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 | 5.9% | ||||
| Net Profit Margin | 1.6% | ||||
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To see the full financial statements and ratios of Soltex Petro Products Ltd., buy the company report.
Board of directors of Soltex Petro Products Ltd.
Soltex Petro Products has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Kumar Bhasin | Director | 25 Mar 2018 | 8 Years 7 Months | Current |
| Rakesh Chander Bhatia | Director | 05 Dec 2018 | 7 Years 10 Months | Current |
| Geet Naresh Chadha Also directs: Ultra Polymin Limited, Sunflag Micro Solutions Private Limited, Soltex Multiplast Private Limited and 3 more | Managing Director | 01 Jan 2011 | 15 Years 9 Months | Current |
| Sanchi Naresh Chadha Also directs: Ultra Polymin Limited, Soltex Multiplast Private Limited, Supreme Maxfills Private Limited and 1 more | Director | 06 Sep 2025 | 1 Years 1 Months | Current |
| Arshiya Chadha Also directs: Ultra Polymin Limited, Soltex Multiplast Private Limited, Supreme Maxfills Private Limited and 1 more | Director | 06 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Soltex Petro Products Ltd. is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Plastics and Resins), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prime Comfort Products Private Limited | ₹331.35 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Ascend Performance Materials India Private Limited | ₹328.22 Cr (FY 2025) | 16.0% | Sriperumbudur, Tamil Nadu, India | |||
| Eoc Polymers India Private Limited | ₹327.49 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India | |||
| Makwell Plastisizers Private Limited | ₹324.88 Cr (FY 2025) | -10.0% | Mumbai, Maharashtra, India | |||
| Soltex Petro Products Ltd.this company | ₹323.94 Cr (FY 2025) | ₹5.15 Cr | 1.6% | 14.0% | 189 | Mumbai, Maharashtra, India |
| Sonali Polymers Private Limited | ₹320.74 Cr (FY 2025) | 14.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Soltex Petro Products Ltd., buy the company report.
Auditor
Soltex Petro Products Ltd. is audited by J. S. BHATIA & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J. S. BHATIA & Co | FY 2024 | 118806W |
Shareholding
The shareholding of Soltex Petro Products Ltd. is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Soltex Petro Products Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2025 | 101104625 | Sidbi | ₹2 Cr | Open | |
| 27 Dec 2024 | 101037995 | Others | ₹55 Lakh | Open | |
| 26 Sep 2024 | 100985621 | Others | ₹3 Cr | Open | |
| 26 Oct 2021 | 100500714 | Others | ₹6 Cr | Open | |
| 26 Oct 2021 | 100501690 | Axis Bank Limited | ₹9 Cr | Open |
To see the full charge records of Soltex Petro Products Ltd., buy the company report.
Total charge records: 23 View all charges
Deals & funding
Soltex Petro Products Ltd. has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹15.56 Cr; the latest was in March 2025.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Funding round | ₹60 Lakh | Investors: Sunflag Micro Solutions Private Limited , 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Sunflag Micro Solutions Private Limited , 2 individuals Seller: Primasonic Information Solution Private Limited, an individual |
| Mar 2015 | Funding round | ₹3.99 Cr | Investors: Sunflag Micro Solutions Private Limited , 2 individuals |
| Mar 2012 | Funding round | ₹5.64 Cr | Investors: Sidhivinayak Polymers Private Limited, Soltex Multiplast Private Limited , 2 individuals |
| Mar 2010 | Funding round | ₹91.5 Lakh | Investors: Medasa Investment Private Limited, Wilcofine Exim Private Limited, Clifton Securities Private Limited |
To see the full deal history of Soltex Petro Products 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
Soltex Petro Products Ltd. has 35 court cases on record: 25 filed by Soltex Petro Products, 10 filed against it. 15 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 10 | 14 |
| High courts | 4 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Summons For Judgement) | Filed by the company against Saideep Foam Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Yogdaan Agro Private Limited and Ors | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against GLKK Industries Private Limited and Ors | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Saideep Foam Pvt Ltd and 3 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Sadhana Packaging Private Limited | Pending |
To see the full case history of Soltex Petro Products 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.
Credit ratings & regulatory alerts
Soltex Petro Products Ltd. was last rated by Crisil on 05 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 05 May 2020 |
To see the full credit ratings and regulatory alerts of Soltex Petro Products Ltd., buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Soltex Petro Products Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Soltex Petro Products has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Supreme Maxfills Private Limited | U25209MH2005PTC156307 |
To see the full group structure of Soltex Petro Products Ltd., buy the company report.
Employees & EPFO
Soltex Petro Products Ltd. has a workforce of 189 employees on its EPFO records as of Sep 23, 2025, across 5 active EPFO establishments.
GST
Soltex Petro Products has 11 GST registrations: 7 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECS2424D1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 27AAECS2424D2ZP | Maharashtra | Active | 01 Nov 2017 |
| 05AAECS2424D1ZW | Uttarakhand | Active | 01 Jul 2017 |
| 19AAECS2424D1ZN | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Soltex Petro Products Ltd., buy the company report.
Recent activity
Soltex Petro Products Ltd. has 11 board changes on record since 1997: 8 appointments and 3 cessations. The latest: Rita Naresh Chadha ceased to be Whole-Time Director on 18 Sep 2025.
37 earlier events are in the company report.
Frequently asked questions
Soltex Petro Products is an active public limited company based in Mumbai, Maharashtra, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 29 June 1992 (34+ years old) and is registered under CIN U99999MH1992PLC067460.
Soltex Petro Products has 5 current directors:
- Geet Naresh Chadha - Managing Director
- Anil Kumar Bhasin - Director
- Rakesh Chander Bhatia - Director
- Sanchi Naresh Chadha - Director
- Arshiya Chadha - Director
The latest financial statements of Soltex Petro Products 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 Soltex Petro Products is 27AAECS2424D1ZQ, registered in Maharashtra. The company has 11 GST registrations in all, of which 7 are active and 4 are cancelled or inactive. Other active GSTINs include 27AAECS2424D2ZP (Maharashtra), 05AAECS2424D1ZW (Uttarakhand), 19AAECS2424D1ZN (West Bengal).
The CIN (Corporate Identification Number) of Soltex Petro Products is U99999MH1992PLC067460. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Soltex Petro Products has 35 court cases on record: 25 filed by the company and 10 filed against it. 15 are pending. Most are in the district courts.
Soltex Petro Products was incorporated on 29 June 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Soltex Petro Products has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹15.56 Cr; the latest was in March 2025.
The peers of Soltex Petro Products by revenue are Prime Comfort Products Private Limited, Ascend Performance Materials India Private Limited, Eoc Polymers India Private Limited, Makwell Plastisizers Private Limited, Sonali Polymers Private Limited, all in the Manufacturing industry (Plastics and Resins), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Rita Naresh Chadha ceased to be Whole-Time Director on 18 Sep 2025. Arshiya Chadha was appointed as Director on 06 Sep 2025. Sanchi Naresh Chadha was appointed as Director on 06 Sep 2025. Soltex Petro Products has 11 board changes on record in total.
Soltex Petro Products can be reached through the website soltexpetro.com. Its registered office is in Mumbai, Maharashtra, India.