India's Richest People 2026 edition · 1 director · Source: Hurun India
- #7 Dilip Shanghvi ₹2,64,600 Cr
Revenue · FY 2025
₹2,008.13 Cr
▲ 51% YoY
Net profit · FY 2025
₹869.23 Cr
Net margin 43.3%
EBITDA · FY 2025
₹1,412.9 Cr
EBITDA margin 70.4%
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹9.17 Cr
Issued & subscribed
Open charges
₹2,345 Cr
Satisfied ₹40.5 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
148
Provident fund records
About Sun Petrochemicals Private Limited
Data last updated:
Sun Petrochemicals Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shanghvi Finance Private Limited. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 21 December 1995 and has been in existence for over 31 years.
Its director Dilip Shanghvi is #7 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24219MH1995PTC464242. Its GSTIN is 27AAECS0891E1ZD (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹9.17 Cr. It was formerly known as Sunrise Petrochemicals Private Limited. It is led by directors including Dilip Shantilal Shanghvi (Managing Director) and Karishma Aalok Shanghvi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 11 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1004 10th Floor Atl Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,008.13 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹869.23 Cr (net margin 43.3%) and EBITDA of ₹1,412.9 Cr (EBITDA margin 70.4%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years and 106% over five years.
The company has about 148 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sun Petrochemicals. As per MCA filings, the company has open charges of ₹2,345 Cr and satisfied charges of ₹40.5 Cr on record. Court records list 23 cases involving the company, including 11 filed by the company and 12 filed against it; 5 cases are pending. The company has 5 deals on record (5 secondary share transfers); the latest was in March 2019. The company has 14 MSME Form 1 returns on record between 2020 and 2024, listing 839 overdue payments to 19 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sunpetro.com.
Company details
CIN U24219MH1995PTC464242
Registration Number 464242
Incorporation Date 21 December 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Shanghvi Finance Private Limited
Compliance Status Active Compliant
CIN history
Sun Petrochemicals has one previous CIN (Corporate Identification Number): U24219GJ1995PTC028519. The current CIN is U24219MH1995PTC464242, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24219MH1995PTC464242 | Current |
| U24219GJ1995PTC028519 | Previous |
Key People
Dilip Shantilal Shanghvi Managing Director Karishma Aalok Shanghvi Whole-Time Director Vishal Mehta Cfo Recognitions & Rankings of Sun Petrochemicals
Contact details
Sun Petrochemicals Private Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered Address1004 10th Floor Atl Corporate Park, Saki Vihar Road Powai, Mumbai, Maharashtra, India – 400072
- IndustryMetals and Minerals, Other Metals & Minerals
Comprehensive company report
Sun Petrochemicals Private 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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Brands
Sun Petrochemicals operates one associated brand: Sun Petrochemicals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A manufacturer of petrochemicals and an upstream oil and gas company. | sunpetro.com |
Business activity
The main business activity of Sun Petrochemicals is mining and quarrying. In detail, this covers extraction of crude petroleum & natural gas.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B2 | Extraction of Crude Petroleum & Natural gas |
To see the full business activity and turnover split of Sun Petrochemicals Private Limited, buy the company report.
Financials of Sun Petrochemicals Private Limited
FY 2025 filings availableSun Petrochemicals Private Limited reported revenue of ₹2,008.13 Cr (up 51% YoY) for FY 2025.
Revenue · FY 2025
₹2,008.13 Cr ▲ 51%
Net profit · FY 2025
₹869.23 Cr margin 43.3%
EBITDA · FY 2025
₹1,412.9 Cr margin 70.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 51%
3 years · compounded
▲ 51%
5 years · compounded
▲ 106%
EBITDA CAGR growth
1 year
▲ 56%
3 years · compounded
▲ 51%
5 years · compounded
▲ 206%
Revenue has grown at a compounded annual rate (CAGR) of 106% over five years, including 51% growth in the latest year. EBITDA rose 56% 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 | |||||
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| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹1,412.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹869.23 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 70.4% | ||||
| Net Profit Margin | 43.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Sun Petrochemicals Private Limited, buy the company report.
Board of directors and KMP of Sun Petrochemicals Private Limited
Sun Petrochemicals Private Limited currently reports 8 directors and 1 key managerial person. 11 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sailesh Trambaklal Desai | Director | 04 May 2023 | 3 Years 6 Months | Current |
| Dilip Shantilal Shanghvi Also directs: Shantilal Shanghvi Foundation, Sun Pharmaceutical Industries Limited, Sun Pharma Advanced Research Company Limited and 3 more | Managing Director | 21 Dec 1995 | 30 Years 10 Months | Current |
| Vishal Mehta Also directs: Sun Hydro Energy Private Limited, Sun Hydroelectric Power Private Limited, Sun Pumped Storage Energy Private Limited and 3 more | Cfo | 21 Jul 2022 | 4 Years 3 Months | Current |
| Jimmi Vaghji Desai Also directs: Sun Petro Private Limited, PV Power Technologies Private Limited, PV Roofsolar Private Limited and 5 more | Director | 23 Jan 2020 | 6 Years 9 Months | Current |
| Hitesh Rasiklal Sheth Also directs: Sun Petro Private Limited, Aditya Medisales Limited | Director | 04 May 2023 | 3 Years 6 Months | Current |
| Vibha Dilip Shanghvi Also directs: Sun Petro Private Limited, Shantilal Shanghvi Foundation | Director | 03 Mar 2021 | 5 Years 8 Months | Current |
Showing 6 of 9 current directors and KMP. View all directors and KMP
Charges & borrowings
Open charges
₹2,345 Cr
Satisfied charges
₹40.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2023 | 100719385 | Axis Bank Limited | ₹499 Cr | Open | |
| 18 Jan 2023 | 100673317 | Hdfc Bank Limited | ₹326 Cr | Open | |
| 06 Oct 2022 | 100622722 | Yes Bank Limited | ₹350 Cr | Open | |
| 26 Jul 2022 | 100607311 | Others | ₹520 Cr | Open | |
| 15 Mar 2022 | 100568813 | Others | ₹450 Cr | Open |
To see the full charge records of Sun Petrochemicals Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Sun Petrochemicals Private Limited has 5 deals on record (5 secondary share transfers); the latest was in March 2019.
Total deals
5
Secondary share transfers
5
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Rampant Realty Private Limited Seller: Lakhdeep Investment & Fin. Private Limited |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: Shanghvi Finance Private Limited Seller: Family Investment Private Limited , Bridgestone Investment and Finance Private Limited , Viditi Investment Private Limited |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: Unimed Technologies Limited Seller: 2 individuals |
| Feb 2011 | Secondary share transfer | Undisclosed | Buyer: Sholapur Organics Private Limited Seller: 2 individuals |
| May 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sun Petrochemicals Private Limited has 23 court cases on record: 11 filed by Sun Petrochemicals, 12 filed against it. 5 cases are pending and 18 are disposed.
Total cases
23
Filed by the company
11
Filed against the company
12
Pending
5
Disposed
18
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 3 | 4 |
| High courts | 11 | 9 | 1 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Asap Fluids Pvt Ltd., | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Asap Fluids Pvt Ltd., | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Kamla Landmarc Motors Pvt Ltd and Ors and 2 others | Pending |
| Bombay High Court | Court case (NMA) | Filed against the company by Sylvester Forwarders Pvt Ltd | Pending |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by TNG Exploration JV Pvt Ltd | Disposed |
To see the full case history of Sun Petrochemicals 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.
Credit ratings & regulatory alerts
Sun Petrochemicals Private Limited was last rated by Crisil on 07 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 07 May 2021 |
To see the full credit ratings and regulatory alerts of Sun Petrochemicals Private Limited, buy the company report.
MSME payment delays
Sun Petrochemicals Private Limited has 14 MSME Form 1 returns on record between 2020 and 2024, listing 839 overdue payments to 19 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vtaa Infra Project Private Limited | |||
| Stratum Reservoir (India) LLP | |||
| Adnyaa Hospitality LLP | |||
| an individual supplier | |||
| Global Cambaymarine Services Private Limited |
To see the full MSME payment records of Sun Petrochemicals Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Sun Petrochemicals has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECS0891E1ZD | Maharashtra | Active | 01 Jul 2017 |
| 24AAECS0891E1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sun Petrochemicals Private Limited, buy the company report.
Recent activity
Sun Petrochemicals Private Limited has 20 board changes on record since 1995: 9 appointments and 11 cessations. The latest: Sudhir Vrundavandas Valia ceased to be Director on 25 Nov 2025.
Ceased
Sudhir Vrundavandas Valia ceased to be Director.
AGM
Sun Petrochemicals Private Limited last Annual general meeting of members was held on 11 Jul 2025 as per latest MCA records.
Filing
Sun Petrochemicals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Harin Parmanand Mehta ceased to be Additional Director.
Ceased
Hitesh Rasiklal Sheth ceased to be Additional Director.
Ceased
Jayesh Nanalal Shanghvi ceased to be Additional Director.
Ceased
Sailesh Trambaklal Desai ceased to be Additional Director.
Appointed
Hitesh Rasiklal Sheth was appointed as Director.
Appointed
Jayesh Nanalal Shanghvi was appointed as Director.
Appointed
Sailesh Trambaklal Desai was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 499.00 Cr with Charge ID 100719385 was registered on 30 Jan 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 326.00 Cr with Charge ID 100673317 was registered on 18 Jan 2023.
26 earlier events are in the company report.
News
Frequently asked questions
Sun Petrochemicals is an active private limited company based in Mumbai, Maharashtra, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 21 December 1995 (31+ years old) and is registered under CIN U24219MH1995PTC464242.
Sun Petrochemicals has 9 current directors and KMP:
- Dilip Shantilal Shanghvi - Managing Director
- Karishma Aalok Shanghvi - Whole-Time Director
- Sailesh Trambaklal Desai - Director
- Jimmi Vaghji Desai - Director
- Hitesh Rasiklal Sheth - Director
- Vibha Dilip Shanghvi - Director
- Vidhi Dilip Shanghvi - Director
- Jayesh Nanalal Shanghvi - Director
- Vishal Mehta - Cfo
The latest financial statements of Sun Petrochemicals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sun Petrochemicals is 27AAECS0891E1ZD, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAECS0891E1ZJ (Gujarat).
The CIN (Corporate Identification Number) of Sun Petrochemicals is U24219MH1995PTC464242. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sun Petrochemicals has 23 court cases on record: 11 filed by the company and 12 filed against it. 5 are pending. Most are in the district courts.
Sun Petrochemicals was incorporated on 21 December 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Sun Petrochemicals has 5 deals on record (5 secondary share transfers); the latest was in March 2019.
Sudhir Vrundavandas Valia ceased to be Director on 25 Nov 2025. Harin Parmanand Mehta ceased to be Additional Director on 16 Aug 2023. Hitesh Rasiklal Sheth ceased to be Additional Director on 16 Aug 2023. Sun Petrochemicals has 20 board changes on record in total.
Sun Petrochemicals has 14 MSME Form 1 returns on record between 2020 and 2024, listing 839 overdue payments to 19 micro and small suppliers. The latest return was filed on 02 May 2024.
Sun Petrochemicals can be reached through the website sunpetro.com. Its registered office is in Mumbai, Maharashtra, India.
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