Abhay Solvents Private Limited
Produces rice bran oil and de-oiled rice bran cakes in Karnataka, with high sales in both.
1993 | Bangaluru, Karnataka (India) | Active
Abhay Solvents Profile
Key Indicators
- Authorised Capital ₹ 3.50 Cr
- Paid Up Capital ₹ 3.50 Cr
- Company Age 31 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 60.78 Cr
- Satisfied Charges ₹ 2.00 Cr
- Revenue Growth 52.61%
- Profit Growth 36.44%
- Ebitda 19.80%
- Net Worth 7.46%
- Total Assets 14.49%
About Abhay Solvents
Abhay Solvents Private Limited (ASPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 27 December 1993 and has a history of 31 years and two months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Chemicals And Materials Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 3.50 Cr and a paid-up capital of Rs 3.50 Cr.
The company currently has active open charges totaling ₹60.78 Cr. The company has closed loans amounting to ₹2.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Abhaykumar Mehta, Hemanthkumar Mehta, Praveenkumar Mehta, and One other member serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U00211KA1993PTC015076
- Company No.
015076
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
27 Dec 1993
- Date of AGM
06 Mar 2024
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Chemicals and Materials
Food and Beverages
What products or services does Abhay Solvents Private Limited offer?
Abhay Solvents Private Limited offers a wide range of products and services, including Cooking Oil, Rice Bran Oil, Cosmetic Raw Material, Rice Bran Wax, Industrial Chemicals & Supplies, Fatty Acid.
Who are the key members and board of directors at Abhay Solvents?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Hemanthkumar Mehta  | Managing Director | 27-Dec-1993 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mahaveer Mehta | Director | 20-Mar-1995 | Current |
| Abhaykumar Mehta | Whole-Time Director | 27-Dec-1993 | Current |
| Praveenkumar Mehta | Whole-Time Director | 27-Dec-1993 | Current |
Financial Performance of Abhay Solvents.
Abhay Solvents Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 52.61% increase. The company also saw a substantial improvement in profitability, with a 36.44% increase in profit. The company's net worth moved up by a moderate rise of 7.46%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Abhay Solvents?
In 2023, Abhay Solvents had a promoter holding of 29.38% and a public holding of 70.62%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Solargise Energy Six Private LimitedHemanthkumar Mehta is a mutual person
Solargise Asset Management Private LimitedHemanthkumar Mehta is a mutual person
- Abhay Agro Foods Private Limited
Abhaykumar Mehta, Hemanthkumar Mehta and 1 more are mutual person
- Abhaysuraksha Builders Private Limited
Abhaykumar Mehta, Hemanthkumar Mehta and 1 more are mutual person
- Greenage Industrials Upgradation Park
Abhaykumar Mehta and Hemanthkumar Mehta are mutual person
- Hiriyur Food Park Private Limited
Abhaykumar Mehta, Hemanthkumar Mehta and 1 more are mutual person
Charges (Loans)
Open Charges
₹60.78 Cr
Satisfied Charges
₹2.00 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 60.78 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Oct 2020 | State Bank Of India | ₹3.13 Cr | Open |
| 15 Feb 2005 | State Bank Of India | ₹57.65 Cr | Open |
| 10 Nov 2005 | Karnataka State Financal Corporation | ₹1.50 Cr | Satisfied |
| 31 Aug 2005 | K.S.F.C. | ₹5.00 M | Satisfied |
How Many Employees Work at Abhay Solvents?
Abhay Solvents has a workforce of 51 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Abhay Solvents, 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 Abhay Solvents's trajectory.
Rating
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
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.
Latest Updates, News, and FAQs on Abhay Solvents
Recent activity within the organization
- Charges
A charge with State Bank Of India of Rs. 57.65 Cr registered on 15 Feb 2005 with Charge ID 80043700 was modified on 30 Mar 2024.
- Annual General Meeting
Abhay Solvents Private Limited last Annual general meeting of members was held on 06 Mar 2024 as per latest MCA records.
- Balance Sheet
Abhay Solvents Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
- Charges
A charge with State Bank Of India amounted to Rs. 3.13 Cr with Charge ID 100386123 was registered on 13 Oct 2020.
- Charges
A charge registered on 10 Nov 2005 via Charge ID 80043698 with Karnataka State Financal Corporation was fully satisfied on 12 Aug 2009.
- Charges
A charge registered on 31 Aug 2005 via Charge ID 80043699 with K.S.F.C. was fully satisfied on 12 Aug 2009.
Frequently asked questions
What is the Incorporation or founding date of Abhay Solvents Private Limited?
Abhay Solvents Private Limited was incorporated on 27 Dec 1993.
What is authorized share capital and paid-up capital of Abhay Solvents Private Limited?
The authorized share capital of Abhay Solvents Private Limited is ₹ 3.50 Cr and paid-up capital is ₹ 3.50 Cr.
Who are the current board members & directors of Abhay Solvents Private Limited?
Currently 4 directors are associated with Abhay Solvents Private Limited.
- Abhaykumar Manikchandji Mehta
- Hemanthkumar Abhaykumar Mehta
- Praveenkumar Abhaykumar Mehta
- Mahaveer Mehta
What is the registered address of Abhay Solvents Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Abhay Solvents Private Limited is Mantrigreensa-004 No.1, Sampigeroadmalleswaram India, Bangalore, Karnataka, 560003.
What is the corporate identification number (CIN) and company number of Abhay Solvents Private Limited?
The corporate identification number (CIN) of Abhay Solvents Private Limited is U00211KA1993PTC015076 and the company number is 015076 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Abhay Solvents Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Abhay Solvents Private Limited has risen by 52.61%.
How many employees does Abhay Solvents Private Limited currently have?
As Per 2022 financial reports, 51 employees are currently employed by Abhay Solvents Private Limited.
What change has been observed in the net worth of Abhay Solvents Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Abhay Solvents Private Limited has experienced an upsurge of 7.46%.
What are the total open charges for Abhay Solvents Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Abhay Solvents Private Limited amount to ₹ 60.78 Cr.
When was the last Balance Sheet of Abhay Solvents Private Limited filed with the ROC?
The most recent Balance Sheet for Abhay Solvents Private Limited was filed with the ROC on 31 Mar 2023.