Nandan Petrochem Limited

This company manufactures and sells a variety of lubricating oils and greases for automotive and industrial use.

1992 | Mumbai, Maharashtra (India) | Active
Last Updated: November 16, 2024

Nandan Petrochem Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 8.12 Cr
  • Company Age 32 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 514.86 Cr
  • Satisfied Charges ₹ 209.02 Cr
  • Revenue Growth 0.05%
  • Profit Growth -56.06%
  • Ebitda -41.53%
  • Net Worth 11.55%
  • Total Assets 5.69%

About Nandan Petrochem

Nandan Petrochem Limited (NPL) is a leading Public Limited Indian Non-Government Company incorporated in India on 05 June 1992 and has a history of 32 years and eight months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Nandan Petrochem Private Limited. 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 10.00 Cr and a paid-up capital of Rs 8.12 Cr.

The company currently has active open charges totaling ₹514.86 Cr. The company has closed loans amounting to ₹209.02 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Nandan Petrochem Limited India are Hitesh Vora as CFO and Vikas Gupta as Ceo. Shreenarayan Agrawal, Nandan Agrawal, and Radhakrishnan Sreedharan serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    velvex.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U23201MH1992PLC067089

  • Company No.

    067089

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    05 Jun 1992

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Chemicals and Materials

What products or services does Nandan Petrochem Limited offer?

Nandan Petrochem Limited offers a wide range of products and services, including Oils, Grease & Lubricants, Automotive Oils, Automotive Grease, Industrial Oils, Engine Oil, Diesel Engine Oil, Bike Engine Oil, Engine fuels, Diesel Exhaust Fluid, Multigrade Engine Oil.

Who are the key members and board of directors at Nandan Petrochem?

Executive Team (3)

NameDesignationAppointment DateStatus
Nandan Agrawal Country flag representing In Managing Director01-Apr-2010Current
Hitesh Vora Country flag representing In CFO24-Oct-2024Current
Vikas Gupta CEO20-Jul-2024Current

Board Members (2)

NameDesignationAppointment DateStatus
Shreenarayan Agrawal Country flag representing In Whole-Time Director 01-Oct-2007Current
Radhakrishnan Sreedharan Country flag representing In Director 02-Jan-2017Current

Financial Performance of Nandan Petrochem.

Nandan Petrochem Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 0.05% increase. The company also saw a substantial fall in profitability, with a 56.06% decrease in profit. The company's net worth Soared by an impressive increase of 11.55%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
0.05%
Revenue from Operations
0.08%
Total Assets
5.69%
Profit or Loss
-56.06%
Net Worth
11.55%
EBITDA
-41.53%

What is the Ownership and Shareholding Structure of Nandan Petrochem?

In 2023, Nandan Petrochem had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹514.86 Cr

Satisfied Charges

₹209.02 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 240.00 Cr
  • The Hongkong And Shanghai Banking Corporation Limited : 100.00 Cr
  • Yes Bank Limited : 70.00 Cr
  • Standard Chartered Bank : 52.50 Cr
  • Others : 40.00 Cr
  • Others : 12.36 Cr

Latest Charge Details

DateLenderAmountStatus
27 Mar 2023Axis Bank Limited₹12.00 CrOpen
15 Feb 2023The Hongkong And Shanghai Banking Corporation Limited₹50.00 CrOpen
15 Feb 2023Others₹20.00 CrOpen
29 Jun 2022Others₹20.00 CrOpen
25 Mar 2022The Hongkong And Shanghai Banking Corporation Limited₹50.00 CrOpen

How Many Employees Work at Nandan Petrochem?

Nandan Petrochem has a workforce of 281 employees as of Sep 13, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Nandan Petrochem, 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 Nandan Petrochem's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Nandan Petrochem

Recent activity within the organization

  • Director Appointment

    Hitesh Navin Vora was appointed as a Cfo was appointed as a Cfo on 24 Oct 2024 & has been associated with this company since 4 months .

    24 Oct 2024

  • Director Appointment

    Vikas Gupta was appointed as a Ceo was appointed as a Ceo on 20 Jul 2024 & has been associated with this company since 7 months 4 days .

    20 Jul 2024

  • Annual General Meeting

    Nandan Petrochem Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge registered on 16 Apr 2019 via Charge ID 100259571 with State Bank Of India was fully satisfied on 31 Jul 2023.

    31 Jul 2023

  • Balance Sheet

    Nandan Petrochem Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 12.00 Cr with Charge ID 100719250 was registered on 27 Mar 2023.

    27 Mar 2023

Recent News, Updates & Announcement

Frequently asked questions

  • Nandan Petrochem Limited was incorporated on 05 Jun 1992.

  • The authorized share capital of Nandan Petrochem Limited is ₹ 10.00 Cr and paid-up capital is ₹ 8.12 Cr.

  • Currently 5 directors are associated with Nandan Petrochem Limited.

    • Shreenarayan Agrawal
    • Nandan Shreenarayan Agrawal
    • Radhakrishnan Sreedharan
    • Hitesh Navin Vora
    • Vikas Gupta
  • As per Ministry of Corporate Affairs (Mca), the registered address of Nandan Petrochem Limited is C-201 Lotus Corporate Park Ram Mandir Lane Jay Coach Junction W.E. Highway Gorega On (East), India, Mumbai, Maharashtra, 400063.

  • The corporate identification number (CIN) of Nandan Petrochem Limited is U23201MH1992PLC067089 and the company number is 067089 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Nandan Petrochem Limited is https://www.velvex.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Nandan Petrochem Limited has risen by 0.05%.

  • As Per 2023 financial reports, 281 employees are currently employed by Nandan Petrochem Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Nandan Petrochem Limited has experienced an upsurge of 11.55%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Nandan Petrochem Limited amount to ₹ 514.86 Cr.

  • The most recent Balance Sheet for Nandan Petrochem Limited was filed with the ROC on 31 Mar 2023.

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