About Wastefuels Limited
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Wastefuels Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Abellon Solarenergy Limited. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 19 November 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U90000GJ2008PLC055480. Its GSTIN is 24AAHCA4156F1ZY (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Abellon Agni One Limited and Abellon Clean Ahmedabad Limited. It is led by directors including Kaushal Bipinchandra Suthar and Nikitkumar Dineshkumar Shah.
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 10th Floor Sangeeta Complex Near Parimal Crossing Ellisbridge, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.2 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹74.11 Lakh (net margin -272.5%) and EBITDA of ₹25.99 Lakh (EBITDA margin 95.5%). Revenue has declined at a compounded annual rate (CAGR) of 53% over five years.
As per MCA filings, the company has satisfied charges of ₹9.36 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website abelloncleanenergy.com.
Company details
Name history
Wastefuels has undergone 4 name changes throughout its history. The current legal name is Wastefuels Limited.
| Company Name | Status |
|---|---|
| Wastefuels Limited | Current |
| Abellon Agni One Limited | Previous |
| Abellon Clean Ahmedabad Limited | Previous |
| Abellon Cleanenergy Vithalapara Limited | Previous |
| Abellon Biopower Limited | Previous |
CIN history
Wastefuels has one previous CIN (Corporate Identification Number): U40100GJ2008PLC055480. The current CIN is U90000GJ2008PLC055480, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U90000GJ2008PLC055480 | Current |
| U40100GJ2008PLC055480 | Previous |
Contact details
Wastefuels Limited's registered office is in Ahmedabad, Gujarat. Its website is abelloncleanenergy.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address10th Floor Sangeeta Complex Near Parimal Crossing Ellisbridge, Ahmedabad, Gujarat, India – 380006
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Wastefuels Limited, 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
Business activity
The main business activity of Wastefuels is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Wastefuels Limited, buy the company report.
Financials of Wastefuels Limited
FY 2025 filings availableWastefuels Limited reported revenue of ₹27.2 Lakh (up 10780% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 53% over five years. EBITDA rose 478% 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 | ₹25.99 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹74.11 Lakh | ||||
| Balance Sheet | |||||
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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 | 95.5% | ||||
| Net Profit Margin | -272.5% | ||||
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To see the full financial statements and ratios of Wastefuels Limited, buy the company report.
Board of directors of Wastefuels Limited
Wastefuels has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushal Bipinchandra Suthar Also directs: Indsol Enertech Limited, Abellon Agrisciences Limited | Director | 23 Jun 2022 | 4 Years 4 Months | Current |
| Nikitkumar Dineshkumar Shah Also directs: Indsol Enertech Limited, Flourish Dairyfarms Private Limited, Cygnus Laboratories Limited and 3 more | Director | 21 Jun 2021 | 5 Years 4 Months | Current |
| Mukesh Dinubhai Solanki Also directs: Abellon Agrisciences Limited, Abellon Solarenergy Limited, Abellon Bambooworks Limited and 2 more | Director | 03 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
Wastefuels Limited is compared with the 4 companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wastefuels Limitedthis company | ₹27.2 Lakh (FY 2025) | -₹74.11 Lakh | -272.5% | 10780.0% | Ahmedabad, Gujarat, India | |
| GG Waste Conversions (OPC) Private Limited | ₹27 Lakh (FY 2021) | 382.0% | Bangalore, Karnataka, India | |||
| Vayudoot Innovations Private Limited | ₹26.55 Lakh (FY 2019) | -53.0% | Jaipur, Rajasthan, India | |||
| Marathwada Enviro Private Limited | ₹26.42 Lakh (FY 2025) | 35.0% | Kalyan, Maharashtra, India | |||
| Green Communities Foundation | ₹26.4 Lakh (FY 2024) | 10.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Wastefuels Limited, buy the company report.
Auditor
Wastefuels Limited is audited by MEHUL KHATSURIYA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHUL KHATSURIYA & ASSOCIATES | FY 2022 | 130254W |
Shareholding
The shareholding of Wastefuels Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Wastefuels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jul 2018 | 100201872 | Others | ₹2.3 Cr | Satisfied | |
| 22 Jun 2018 | 100199780 | Others | ₹57.11 Lakh | Satisfied | |
| 15 Jun 2018 | 100198226 | Others | ₹1.18 Cr | Satisfied | |
| 15 Apr 2018 | 100178684 | Others | ₹56.64 Lakh | Satisfied | |
| 31 Aug 2017 | 100126335 | Others | ₹33.51 Lakh | Satisfied |
To see the full charge records of Wastefuels Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Wastefuels Limited has 3 court cases on record: 3 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 3 |
Cases on record (1 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Limited | Pending |
To see the full case history of Wastefuels 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 Wastefuels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Wastefuels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCA4156F1ZY | Gujarat | Active | 06 Dec 2017 |
To see the full GST registrations and return filing status of Wastefuels Limited, buy the company report.
Recent activity
Wastefuels Limited has 27 board changes on record since 2008: 15 appointments and 12 cessations. The latest: Kuldipsingh Ramavtarsingh Pal ceased to be Director on 03 Mar 2023.
36 earlier events are in the company report.
Frequently asked questions
Wastefuels is an active public limited company based in Ahmedabad, Gujarat, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 19 November 2008 (18+ years old) and is registered under CIN U90000GJ2008PLC055480.
Wastefuels has 3 current directors:
- Kaushal Bipinchandra Suthar - Director
- Nikitkumar Dineshkumar Shah - Director
- Mukesh Dinubhai Solanki - Director
The latest financial statements of Wastefuels 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 Wastefuels is 24AAHCA4156F1ZY, registered in Gujarat.
The CIN (Corporate Identification Number) of Wastefuels is U90000GJ2008PLC055480. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wastefuels has 3 court cases on record: 3 filed against it. 3 are pending.
Wastefuels was incorporated on 19 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Wastefuels by revenue are GG Waste Conversions (OPC) Private Limited, Vayudoot Innovations Private Limited, Marathwada Enviro Private Limited, Green Communities Foundation, all in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services).
Kuldipsingh Ramavtarsingh Pal ceased to be Director on 03 Mar 2023. Mukesh Dinubhai Solanki was appointed as Director on 03 Mar 2023. Divyang Pandya ceased to be Director on 23 Jun 2022. Wastefuels has 27 board changes on record in total.
Wastefuels can be reached through the website abelloncleanenergy.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Wastefuels is at 10th Floor Sangeeta Complex Near Parimal Crossing Ellisbridge, Ahmedabad, Gujarat, India – 380006.
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