Starol Petroleum Limited - Company Profile

It is a chemicals and materials public limited company based in Mumbai, Maharashtra, India, established in 1997.
1997 Mumbai, Maharashtra, India Active
Last Updated:
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About Starol Petroleum Limited

Starol Petroleum Limited, a active public limited company, was established on 12 August 1997 in Mumbai, Maharashtra, India. Engaging in petrochemicals & derivatives within the trade sector, it holds CIN: U23200MH1997PLC110030. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹5.00 M and a paid-up capital of ₹4.63 M.

It upholds a compliant status. Its leadership includes Mahendra Mangilal Jain (Director), Mangilal Khimraj Jain (Director Appointed In Casual Vacancy), Lata Hemant Jain (Director). Past directors included Ramniklal Jain, Hemant Mangilal Jain. It holds ₹3.52 Cr open charges and ₹5.20 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 431 B-Wing, Orchard Road Mall,Survey No 169 Royal Palm, Aarey Milk Colony, Goregoan, East, Mumbai, Maharashtra, 400065.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U23200MH1997PLC110030

  • Registration Number

    110030

  • Incorporation Date

    12 August 1997

  • Authorized Capital

    ₹5.00 M

  • Paid-Up Capital

    ₹4.63 M

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 4.63 M
  • Company Age 28 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3.52 Cr
  • Satisfied Charges ₹ 5.20 Cr
  • Revenue Growth **** 10.52%
  • Profit Growth **** 126.71%
  • Ebitda **** 0.16%
  • Net Worth 4.52%
  • Total Assets **** 18.77%
Company report

Starol Petroleum Limited

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into Starol Petroleum Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Starol Petroleum Limited?
Current Directors
Name Designation Appointment Date Status
Mahendra Mangilal Jain Director 20 Nov 1998 Current
Mangilal Khimraj Jain Director Appointed In Casual Vacancy 05 Mar 2024 Current
Lata Hemant Jain Director 19 Jul 2009 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 19 Jul 2009 Past
Pramod Abcsdd Director 17 Feb 2024 Past

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Financial Performance of Starol Petroleum.

Starol Petroleum Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 10.52% increase. The company also saw a substantial improvement in profitability, with a 126.71% increase in profit. The company's net worth moved up by a moderate rise of 4.52%.

Starol Petroleum revenue growth over time
Starol Petroleum profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 10.52%
*******
*******
*******
*******
Revenue from Operations
*******
 17.88%
*******
*******
*******
*******
Total Assets
*******
 18.77%
*******
*******
*******
*******
Profit or Loss
*******
 126.71%
*******
*******
*******
*******
Net Worth
*******
 4.52%
*******
*******
*******
*******
EBITDA
*******
 0.16%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Starol Petroleum?

In 2023, Starol Petroleum had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹35,244,818.00

Satisfied Charges

₹52,000,000.00

Charges Breakdown by Lending Institutions
  • Others : 3.52 Cr
Latest Charge Details
Date Lender Amount Status
31 Oct 2017 Others ₹3.52 Cr Open
13 Aug 2015 Tata Capital Financial Services Limited ₹3.00 Cr Satisfied
17 Feb 2012 Oriental Bank Of Commerce ₹1.40 Cr Satisfied
30 Jan 2004 Indian Overseas Bank ₹8.00 M Satisfied

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How Many Employees Work at Starol Petroleum?

Unlock and access historical data on people associated with Starol Petroleum, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Starol Petroleum, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Starol Petroleum's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Starol Petroleum
Recent Activity within the Organization
  • Annual General Meeting

    Starol Petroleum Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    The activity Starol Petroleum Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was completed.

  • Director Appointment

    The activity Mangilal Khimraj Jain was appointed as a Director appointed in casual vacancy was appointed as a Director appointed in casual vacancy on 05 Mar 2024 & has been associated with this company since 2 years 2 months . was completed.

  • Charges

    A charge registered on 13 Aug 2015 via Charge ID 10590341 with Tata Capital Financial Services Limited was fully satisfied on 21 Dec 2017. was recorded as a recent event.

  • Charges

    Progress on A charge with Others amounted to Rs. 35.24 M with Charge ID 100173572 was registered on 31 Oct 2017. was documented.

  • Charges

    The activity A charge registered on 17 Feb 2012 via Charge ID 10341517 with Oriental Bank Of Commerce was fully satisfied on 03 Sep 2015. was completed.

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Frequently Asked Questions
What is the CIN of Starol Petroleum Limited?

The CIN of Starol Petroleum Limited is U23200MH1997PLC110030.

Where is Starol Petroleum Limited headquartered?

Starol Petroleum Limited is headquartered at 431 B-Wing, Orchard Road Mall,Survey No 169 Royal Palm, Aarey Milk Colony, Goregoan, East, Mumbai, Maharashtra, 400065.

When was Starol Petroleum Limited incorporated?

Starol Petroleum Limited was incorporated on 12 August 1997.

Who are the current directors of Starol Petroleum Limited?

The current directors of Starol Petroleum Limited are

What is the primary industry of Starol Petroleum Limited?

The primary industry of Starol Petroleum Limited is Trade.

Is Starol Petroleum Limited a listed company?

Starol Petroleum Limited is unlisted.

What is the capital structure of Starol Petroleum Limited?

The authorized capital of Starol Petroleum Limited is ₹5.00 M, and the paid-up capital is ₹4.63 M.

What is the compliance status of Starol Petroleum Limited?

The compliance status of Starol Petroleum Limited is Compliant.

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