MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-04-0047405
Ugar Carbonic Private Limited - energy and power in Margao, Goa, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.5 Lakh
▼ 57% YoY
Net loss · FY 2025
₹1.06 Lakh
Net margin -16.4%
EBITDA · FY 2025
-₹73,383
EBITDA margin -11.3%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹24 Lakh
Issued & subscribed
Open charges
₹25.54 Lakh
Satisfied ₹7.75 Lakh
Company age
34 yrs
Est. 1992
Employees · EPFO
6
Provident fund records
About Ugar Carbonic Private Limited
Data last updated:
Ugar Carbonic Private Limited is a private limited company based in Margao, Goa, India. It operates in the oil and gas distribution and transmission segment of the energy and power sector. It was incorporated on 20 March 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U24111GA1992PTC001219. Its GSTIN is 29AAACU2362E1ZH (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹24 Lakh. It is led by directors Mayalin Noronha (Whole-Time Director) and Alexandre Carlos Agnelo De Noronha.
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 A – 213 2nd Floor Reliance Trade Centre Varde Valaulikar Road, Margao, Goa, India – 403601.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.5 Lakh, a decline of 57% compared to the previous year. For the same year it recorded a net loss of ₹1.06 Lakh (net margin -16.4%) and EBITDA of -₹73,383 (EBITDA margin -11.3%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years and 38% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25.54 Lakh and satisfied charges of ₹7.75 Lakh on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it.
Ugar Carbonic Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-04-0047405). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website noronhagroup.in.
Company details
CIN U24111GA1992PTC001219
Registration Number 001219
Incorporation Date 20 March 1992
ROC Goa
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-04-0047405
Recognitions & Rankings of Ugar Carbonic
Contact details
Ugar Carbonic Private Limited's registered office is in Margao, Goa. Its website is noronhagroup.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressA – 213 2nd Floor Reliance Trade Centre Varde Valaulikar Road, Margao, Goa, India – 403601
- IndustryEnergy and Power, Oil & Gas Distribution & Transmission
To see the full contact details of Ugar Carbonic Private Limited, buy the company report.
Comprehensive company report
Ugar Carbonic 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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Business activity
The main business activity of Ugar Carbonic is electricity, gas, steam and air condition supply. In detail, this covers manufacture of gas, distribution of gaseous fuels.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D2 | Manufacture of gas, distribution of gaseous fuels |
Financials of Ugar Carbonic Private Limited
FY 2025 filings availableUgar Carbonic Private Limited reported revenue of ₹6.5 Lakh (down 57% YoY) for FY 2025.
Revenue · FY 2025
₹6.5 Lakh ▼ 57%
Net loss · FY 2025
₹1.06 Lakh margin -16.4%
EBITDA · FY 2025
-₹73,383 margin -11.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 57%
3 years · compounded
▼ 54%
5 years · compounded
▼ 38%
EBITDA CAGR growth
1 year
▼ 118%
3 years · compounded
▼ 28%
5 years · compounded
▲ 24%
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 57% fall in the latest year. EBITDA fell 118% 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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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹73,383 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.06 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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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 | -11.3% | ||||
| Net Profit Margin | -16.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ugar Carbonic Private Limited, buy the company report.
Board of directors of Ugar Carbonic Private Limited
Ugar Carbonic has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alexandre Carlos Agnelo De Noronha | Director | 01 Jun 2010 | 16 Years 4 Months | Current |
| Mayalin Noronha | Whole-Time Director | 29 Sep 2004 | 22 Years 1 Months | Current |
Peer comparison
Ugar Carbonic Private Limited is compared with the 4 companies closest to it by revenue in the Oil and Gas industry (Distribution and Transmission), with the same principal business activity (manufacture of gas, distribution of gaseous fuels), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Doon Steels Ltd | ₹7.27 Lakh (FY 2024) | 3.0% | Delhi, India | |||
| Diamond Gas Equipment Solutions Private Limited | ₹7.2 Lakh (FY 2024) | -42.0% | Pune, Maharashtra, India | |||
| Ugar Carbonic Private Limitedthis company | ₹6.5 Lakh (FY 2025) | -₹1.06 Lakh | -16.4% | -57.0% | 6 | Margao, Goa, India |
| Indore Gases (India) Limited | ₹5.57 Lakh (FY 2024) | 3.0% | Tirla, Madhya Pradesh, India | |||
| Unique Hybrid Renewables Energy Private Limited | ₹4.48 Lakh (FY 2025) | Nashik, Maharashtra, India |
To see the full peer comparison of Ugar Carbonic Private Limited, buy the company report.
Auditor
Ugar Carbonic Private Limited is audited by GANESH DAIVAJNA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GANESH DAIVAJNA & CO | FY 2021 | 103054W |
Shareholding
The shareholding of Ugar Carbonic Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ugar Carbonic Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25.54 Lakh
Satisfied charges
₹7.75 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jun 2015 | 10577016 | Union Bank of India | ₹10 Lakh | Open | |
| 30 Mar 1996 | 90065479 | Integrated Finance Co-Op; Ltd | ₹15.54 Lakh | Open | |
| 19 Jun 2020 | 100348939 | Others | ₹1.8 Lakh | Satisfied | |
| 19 May 2020 | 100348938 | Others | ₹1 Lakh | Satisfied | |
| 16 Sep 1994 | 90065452 | State Bank of India | ₹4.95 Lakh | Satisfied |
To see the full charge records of Ugar Carbonic Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Ugar Carbonic Private Limited has 5 court cases on record: 1 filed by Ugar Carbonic, 4 filed against it. All cases are disposed.
Total cases
5
Filed by the company
1
Filed against the company
4
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed by the company against Mysore Kirloskar Ltd | Disposed |
| High Court, KARNATAKA | Appeal | Filed against the company by an individual | Disposed |
| District court, BELAGAVI, Karnataka | Execution petition | Filed against the company by an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Disposed |
| District court, DHARWAD, Karnataka | Court case (APPL.33(C)(2)) | Filed against the company by an individual | Disposed |
To see the full case history of Ugar Carbonic 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 Ugar Carbonic Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ugar Carbonic Private Limited has a workforce of 6 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
6
Active EPFO establishments
1
Employee growth
-25%
GST
Ugar Carbonic has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACU2362E1ZH | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ugar Carbonic Private Limited, buy the company report.
Recent activity
Ugar Carbonic Private Limited has 6 board changes on record since 2004: 2 appointments and 4 cessations. The latest: Ashlesha Sadia Denoronha ceased to be Director on 29 Apr 2023.
AGM
Ugar Carbonic Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ugar Carbonic Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Goa.
Charges
A charge registered on 19 Jun 2020 via Charge ID 100348939 with Others was fully satisfied on 04 Oct 2023.
Ceased
Ashlesha Sadia Denoronha ceased to be Director.
Charges
A charge registered on 19 May 2020 via Charge ID 100348938 with Others was fully satisfied on 24 May 2022.
Charges
A charge registered on 16 Sep 1994 via Charge ID 90065452 with State Bank Of India was fully satisfied on 28 Sep 2021.
Charges
A charge with Others amounted to Rs. 1.80 Lakh with Charge ID 100348939 was registered on 19 Jun 2020.
Charges
A charge with Others amounted to Rs. 1.00 Lakh with Charge ID 100348938 was registered on 19 May 2020.
Charges
A charge with Union Bank Of India amounted to Rs. 10.00 Lakh with Charge ID 10577016 was registered on 10 Jun 2015.
Ceased
Annapaula Noronha ceased to be Director.
Ceased
Alexandre Carlos Agnelo De Noronha ceased to be Additional Director.
Ceased
Mayalin Noronha ceased to be Director.
5 earlier events are in the company report.
Frequently asked questions
Ugar Carbonic is an active private limited company based in Margao, Goa, India. The company works in oil and gas distribution and transmission, within the energy and power industry. It was incorporated on 20 March 1992 (34+ years old) and is registered under CIN U24111GA1992PTC001219.
Ugar Carbonic has 2 current directors:
- Mayalin Noronha - Whole-Time Director
- Alexandre Carlos Agnelo De Noronha - Director
The latest financial statements of Ugar Carbonic 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 Ugar Carbonic is 29AAACU2362E1ZH, registered in Karnataka. 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 Ugar Carbonic is U24111GA1992PTC001219. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ugar Carbonic has 5 court cases on record: 1 filed by the company and 4 filed against it. Most are in the high courts.
Ugar Carbonic was incorporated on 20 March 1992, making it 34+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Ugar Carbonic by revenue are Doon Steels Ltd, Diamond Gas Equipment Solutions Private Limited, Indore Gases (India) Limited, Unique Hybrid Renewables Energy Private Limited, all in the Oil and Gas industry (Distribution and Transmission), with the same principal business activity (manufacture of gas, distribution of gaseous fuels).
Ashlesha Sadia Denoronha ceased to be Director on 29 Apr 2023. Annapaula Noronha ceased to be Director on 01 Apr 2015. Alexandre Carlos Agnelo De Noronha ceased to be Additional Director on 01 Oct 2014. Ugar Carbonic has 6 board changes on record in total.
Yes, Ugar Carbonic is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-04-0047405).
Ugar Carbonic can be reached through the website noronhagroup.in. Its registered office is in Margao, Goa, India.
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