Soltex Petro Products Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 4.99 Cr
- Company Age 32 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 196.31 Cr
- Satisfied Charges ₹ 31.25 Cr
- Revenue Growth -8.40%
- Profit Growth -28.46%
- Ebitda -12.62%
- Net Worth 5.55%
- Total Assets 4.06%
About Soltex Petro Products
Soltex Petro Products Ltd. (SPPL) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 June 1992 and has a history of 32 years and ten months. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Manufacturing 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 5.00 Cr and a paid-up capital of Rs 4.99 Cr.
The company currently has active open charges totaling ₹196.31 Cr. The company has closed loans amounting to ₹31.25 Cr, as per Ministry of Corporate Affairs (MCA) records.
Rita Chadha, Geet Naresh, Rakesh Bhatia, and One other member serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U99999MH1992PLC067460
- Company No.
067460
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Jun 1992
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Manufacturing
What products or services does Soltex Petro Products Ltd. offer?
Soltex Petro Products Ltd. offers a wide range of products and services, including PET Granules & Plastic Raw Material, Plastic Polymers, Industrial Chemicals & Supplies, Plastic Chemicals, Masterbatches, Laboratory Glass Components, Color Masterbatches, Black Masterbatches, Nylon Granule, Additive Masterbatches.
Soltex Petro Products Ltd.
Explore comprehensive data for Soltex Petro Products Ltd., including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Soltex Petro Products?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Geet Naresh  | Whole-Time Director | 01-Jan-2011 | Current |
| Rita Chadha | Whole-Time Director | 28-Mar-1997 | Current |
| Rakesh Bhatia | Director | 05-Dec-2018 | Current |
| Anil Bhasin | Director | 01-Nov-2007 | Current |
Financial Performance of Soltex Petro Products.
Soltex Petro Products Ltd., for the financial year ended 2023, experienced Minor drop in revenue, with a 8.4% decrease. The company also saw a substantial fall in profitability, with a 28.46% decrease in profit. The company's net worth moved up by a moderate rise of 5.55%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Soltex Petro Products?
In 2023, Soltex Petro Products had a promoter holding of 68.26% and a public holding of 31.74%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Ultra Polymin LimitedRita Chadha and Geet Naresh are mutual person
- Soltex Multiplast Private Limited
Rita Chadha and Geet Naresh are mutual person
- Supreme Maxfills Private Limited
Rita Chadha and Geet Naresh are mutual person
- Sidhi Vinayak Polymers Private Limited
Rita Chadha and Geet Naresh are mutual person
- Sunflag Micro Solutions Private Limited
Geet Naresh is a mutual person
- Ipsl Exports Private Limited
Geet Naresh is a mutual person
Charges (Loans)
Open Charges
₹196.31 Cr
Satisfied Charges
₹31.25 Cr
Charges Breakdown by Lending Institutions
- Idbi Bank Limited : 100.80 Cr
- Axis Bank Limited : 73.40 Cr
- Others : 22.11 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Sep 2024 | Others | ₹3.00 Cr | Open |
| 26 Oct 2021 | Others | ₹6.00 Cr | Open |
| 26 Oct 2021 | Axis Bank Limited | ₹9.00 Cr | Open |
| 21 Jun 2021 | Axis Bank Limited | ₹9.00 Cr | Open |
| 21 Jun 2021 | Others | ₹10.00 Cr | Open |
How Many Employees Work at Soltex Petro Products?
Soltex Petro Products has a workforce of 189 employees as of Apr 06, 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 Soltex Petro Products, 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 Soltex Petro Products'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 Soltex Petro Products
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100985621 was registered on 26 Sep 2024.
- Annual General Meeting
Soltex Petro Products Ltd. last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge with Others of Rs. 10.00 Cr registered on 21 Jun 2021 with Charge ID 100474305 was modified on 18 Jul 2023.
- Charges
A charge with Axis Bank Limited of Rs. 44.90 Cr registered on 06 Sep 2018 with Charge ID 100210070 was modified on 04 May 2023.
- Balance Sheet
Soltex Petro Products Ltd. has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100500714 was registered on 26 Oct 2021.
Frequently asked questions
What is the Incorporation or founding date of Soltex Petro Products Ltd.?
Soltex Petro Products Ltd. was incorporated on 29 Jun 1992.
What is authorized share capital and paid-up capital of Soltex Petro Products Ltd.?
The authorized share capital of Soltex Petro Products Ltd. is ₹ 5.00 Cr and paid-up capital is ₹ 4.99 Cr.
Who are the current board members & directors of Soltex Petro Products Ltd.?
Currently 4 directors are associated with Soltex Petro Products Ltd..
- Rita Naresh Chadha
- Geet Chadha Naresh
- Rakesh Chander Bhatia
- Anil Kumar Bhasin
What is the registered address of Soltex Petro Products Ltd.?
As per Ministry of Corporate Affairs (Mca), the registered address of Soltex Petro Products Ltd. is D-112 Crystal Plaza Opp. Infinity Mall New Link Road, Andher I (W) India, Mumbai, Maharashtra, 400058.
What is the corporate identification number (CIN) and company number of Soltex Petro Products Ltd.?
The corporate identification number (CIN) of Soltex Petro Products Ltd. is U99999MH1992PLC067460 and the company number is 067460 as per Ministry of Corporate Affairs (MCA).
What is the official website of Soltex Petro Products Ltd.?
The Official website of Soltex Petro Products Ltd. is https://www.soltexpetro.com
What has been the recent revenue trend for Soltex Petro Products Ltd.?
According to the financial reports for the fiscal year 2023, the revenue trend for Soltex Petro Products Ltd. has fallen by -8.40%.
How many employees does Soltex Petro Products Ltd. currently have?
As Per 2023 financial reports, 189 employees are currently employed by Soltex Petro Products Ltd..
What change has been observed in the net worth of Soltex Petro Products Ltd., and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Soltex Petro Products Ltd. has experienced an upsurge of 5.55%.
What are the total open charges for Soltex Petro Products Ltd.?
As per the financial statements for fiscal Year 2023, The total open charges for Soltex Petro Products Ltd. amount to ₹ 196.31 Cr.
When was the last Balance Sheet of Soltex Petro Products Ltd. filed with the ROC?
The most recent Balance Sheet for Soltex Petro Products Ltd. was filed with the ROC on 31 Mar 2023.
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