MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-MH-19-0200103
Starol Petroleum Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹68.2 Lakh
▼ 48% YoY
Net loss · FY 2025
₹3.16 Lakh
Net margin -4.6%
EBITDA · FY 2025
₹4.9 Lakh
EBITDA margin 7.2%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹46.27 Lakh
Issued & subscribed
Open charges
₹3.52 Cr
Satisfied ₹5.2 Cr
Company age
29 yrs
Est. 1997
Directors on board
3
As per MCA filings
About Starol Petroleum Limited
Data last updated:
Starol Petroleum Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 12 August 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U23200MH1997PLC110030. Its GSTIN is 27AADCS1018G1ZP (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹46.27 Lakh. It is led by directors including Mahendra Mangilal Jain and Mangilal Khimraj Jain (Director Appointed In Casual Vacancy).
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹68.2 Lakh, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹3.16 Lakh (net margin -4.6%) and EBITDA of ₹4.9 Lakh (EBITDA margin 7.2%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 19% over five years.
As per MCA filings, the company has open charges of ₹3.52 Cr and satisfied charges of ₹5.2 Cr on record. Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it; 4 cases are pending.
Starol Petroleum Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0200103). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website starolpetroleum.com.
Company details
CIN U23200MH1997PLC110030
Registration Number 110030
Incorporation Date 12 August 1997
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0200103
CIN history
Starol Petroleum has one previous CIN (Corporate Identification Number): L23200MH1997PLC110030. The current CIN is U23200MH1997PLC110030, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U23200MH1997PLC110030 | Current |
| L23200MH1997PLC110030 | Previous |
Key People
Mahendra Mangilal Jain Director Mangilal Khimraj Jain Director Appointed In Casual Vacancy Lata Hemant Jain Director Recognitions & Rankings of Starol Petroleum
Contact details
Starol Petroleum Limited's registered office is in Mumbai, Maharashtra. Its website is starolpetroleum.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address431 B – Wing Orchard Road Mall Survey No 169 Royal Palm Aarey Milk Colony Goregoan, East, Mumbai, Maharashtra, India – 400065
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Starol Petroleum Limited, buy the company report.
Comprehensive company report
Starol Petroleum Limited - one report that includes everything
- 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
The main business activities of Starol Petroleum are trade and support service to organizations. In detail, this covers wholesale trading and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Starol Petroleum Limited, buy the company report.
Financials of Starol Petroleum Limited
FY 2024 filings availableStarol Petroleum Limited reported revenue of ₹68.2 Lakh (down 48% YoY) for FY 2025.
Revenue · FY 2025
₹68.2 Lakh ▼ 48%
Net loss · FY 2025
₹3.16 Lakh margin -4.6%
EBITDA · FY 2025
₹4.9 Lakh margin 7.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 48%
3 years · compounded
▼ 21%
5 years · compounded
▼ 19%
EBITDA CAGR growth
1 year
▼ 52%
3 years · compounded
▼ 30%
5 years · compounded
▼ 33%
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 48% fall in the latest year. EBITDA fell 52% 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 |
|---|---|---|---|---|---|
| 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 | ₹4.9 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.16 Lakh | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.2% | ||||
| Net Profit Margin | -4.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Starol Petroleum Limited, buy the company report.
Board of directors of Starol Petroleum Limited
Starol Petroleum has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Mangilal Jain | Director | 20 Nov 1998 | 27 Years 11 Months | Current |
| Mangilal Khimraj Jain Also directs: Shree Vardaria Synthetics Pvt Ltd | Director Appointed In Casual Vacancy | 05 Mar 2024 | 2 Years 7 Months | Current |
| Lata Hemant Jain Also directs: Starol Marketing Private Limited | Director | 19 Jul 2009 | 17 Years 3 Months | Current |
Auditor
Starol Petroleum Limited is audited by DILIP.A.JAIN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DILIP.A.JAIN & ASSOCIATES | FY 2023 | 102547W |
Shareholding
The shareholding of Starol Petroleum Limited 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 Starol Petroleum Limited, buy the company report.
Charges & borrowings
Open charges
₹3.52 Cr
Satisfied charges
₹5.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2017 | 100173572 | Others | ₹3.52 Cr | Open | |
| 13 Aug 2015 | 10590341 | Tata Capital Financial Services Limited | ₹3 Cr | Satisfied | |
| 17 Feb 2012 | 10341517 | Oriental Bank of Commerce | ₹1.4 Cr | Satisfied | |
| 30 Jan 2004 | 90236287 | Indian Overseas Bank | ₹80 Lakh | Satisfied |
To see the full charge records of Starol Petroleum Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Starol Petroleum Limited has 10 court cases on record: 7 filed by Starol Petroleum, 3 filed against it. 4 cases are pending and 6 are disposed.
Total cases
10
Filed by the company
7
Filed against the company
3
Pending
4
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 3 | 4 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Spl .Dkst) | Filed by the company against Pearl Thermo Plast Pvt Ltd and 2 others | Pending |
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed against the company by Piramal Capital and Housing Finance Limited | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against The Maharashtra State Electricity Distribution Co. Ltd. Palghar | Disposed |
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed against the company by Ms Sagar Plast (A Company) and Other 3 | Pending |
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed against the company by Ms Pearl Thermo (A Company) and Other 2 | Pending |
To see the full case history of Starol Petroleum 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 Starol Petroleum Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Starol Petroleum has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCS1018G1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Starol Petroleum Limited, buy the company report.
Recent activity
Starol Petroleum Limited has 5 board changes on record since 1998: 3 appointments and 2 cessations. The latest: Mangilal Khimraj Jain was appointed as Director Appointed In Casual Vacancy on 05 Mar 2024.
AGM
Starol Petroleum Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Starol Petroleum Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Mangilal Khimraj Jain was appointed as Director Appointed In Casual Vacancy.
Ceased
Hemant Mangilal Jain ceased to be Director.
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.
Charges
A charge with Others amounted to Rs. 352.45 Lakh with Charge ID 100173572 was registered on 31 Oct 2017.
Charges
A charge registered on 17 Feb 2012 via Charge ID 10341517 with Oriental Bank Of Commerce was fully satisfied on 03 Sep 2015.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 300.00 Lakh with Charge ID 10590341 was registered on 13 Aug 2015.
Charges
A charge with Oriental Bank Of Commerce of Rs. 140.00 Lakh registered on 17 Feb 2012 with Charge ID 10341517 was modified on 10 Aug 2013.
Charges
A charge with Oriental Bank Of Commerce amounted to Rs. 140.00 Lakh with Charge ID 10341517 was registered on 17 Feb 2012.
Charges
A charge registered on 30 Jan 2004 via Charge ID 90236287 with Indian Overseas Bank was fully satisfied on 11 Feb 2012.
Appointed
Lata Hemant Jain was appointed as Director.
5 earlier events are in the company report.
Frequently asked questions
Starol Petroleum is an active public limited company based in Mumbai, Maharashtra, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 12 August 1997 (29+ years old) and is registered under CIN U23200MH1997PLC110030.
Starol Petroleum has 3 current directors:
- Mahendra Mangilal Jain - Director
- Mangilal Khimraj Jain - Director Appointed In Casual Vacancy
- Lata Hemant Jain - Director
The latest financial statements of Starol Petroleum 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 Starol Petroleum is 27AADCS1018G1ZP, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Starol Petroleum is U23200MH1997PLC110030. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Starol Petroleum has 10 court cases on record: 7 filed by the company and 3 filed against it. 4 are pending.
Starol Petroleum was incorporated on 12 August 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Mangilal Khimraj Jain was appointed as Director Appointed In Casual Vacancy on 05 Mar 2024. Hemant Mangilal Jain ceased to be Director on 17 Feb 2024. Lata Hemant Jain was appointed as Director on 19 Jul 2009. Starol Petroleum has 5 board changes on record in total.
Yes, Starol Petroleum is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0200103).
Starol Petroleum can be reached through the website starolpetroleum.com. Its registered office is in Mumbai, Maharashtra, India.
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