What we do Greenhitech Ventures Ltd trades petroleum-based products and provides operation and maintenance services for government-owned ethanol distilleries, focusing on biofuels and industrial oils in India. |
Founded in 2,011 |
Market share Emerging SME-listed player with growing presence in biofuels and petroleum product trading in India. |
Problem solved Provides cleaner alternative fuels like biodiesel and efficient industrial fuels, supporting sustainable energy transition. |
Top clients or who we serve Industrial sectors, government distilleries; B2B focus serving fuel consumers across India. |
Key management Naved Iqbal (Chairman and Managing Director), Mohammad Nadeem (Whole-Time Director and CFO). |
Our journey and innovations Transitioned from partnership in 2011 to public limited company in 2023; introduced biodiesel production in Purvanchal region; IPO in 2024. |
Where we operate Primarily India, with production starting in Uttar Pradesh's Purvanchal region. |
Top products or what we offer Trading of biofuels (Biodiesel, Light Diesel Oil), bitumen, furnace oil; Operation & Maintenance services in ethanol manufacturing. |
Top brands - |
Raw materials needed Biofuel feedstocks and petroleum derivatives for trading and processing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly cyclical driven by fuel demand and government tenders. |
Our industry position A niche player in biofuel trading with growing market footprint post-IPO. |
Financial highlights FY 2024-25 revenue Rs 19.58 crore with net profit Rs 1.51 crore, showing steady growth from previous year. |
Geographical revenue split Revenue generated across India, focused on Uttar Pradesh region. |
Order book - |
Whats driving growth Increasing focus on biofuels, government ethanol policies, expanding industrial fuel demand. |
Our future plans Capitalize on IPO funds to expand biofuel supply and O&M contracts for ethanol distilleries. |
Our green promise Promotes cleaner energy via biodiesel, reducing carbon emissions in transportation and industry. |
Our people and values Committed team with emphasis on upskilling and ethical business practices. |
Key challenges ahead Securing ongoing government tenders, fluctuating raw material prices, scaling operations sustainably. |
Interesting facts Successfully transitioned through partnership to public company and completed IPO within a decade. |
Risks and strategy Mitigates fuel market volatility via diversified product portfolio and government O&M contracts. |
