Company Intelligence Profile
Biofuelcircle Private Limited
BiofuelCircle runs a B2B digital marketplace that connects buyers and sellers across India's biofuel and biomass energy supply chain.
Last updated 15 October 2026
BiofuelCircle Private Limited runs a B2B digital marketplace for the biofuel and biomass energy supply chain in India. The company was incorporated on 23 June 2020 and is registered in Pune, Maharashtra. It reported revenue of ₹52.92 Cr in FY2024-25. Mumbai Angels invested in a fresh funding round in January 2024, and the company has ₹205.4 Cr in open charges.
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Company Identity
| Registered name | BIOFUELCIRCLE PRIVATE LIMITED |
|---|---|
| CIN | U72900PN2020PTC191468 |
| Status | Active |
| Listing | Unlisted |
| Incorporated | 23 June 2020 |
| ROC | Registrar of Companies, Pune |
| Sector (NIC) | Energy |
| Registered address | 3rd Floor, Gaikwad Avenue, S No 127/1 A, off ITI Road, Haveli, Maharashtra – 411007 |
| Authorized capital | ₹3.0 Crore |
| Paid-up capital | ₹2.2–2.22 Crore |
Source: www.tofler.in
Business Overview
- BiofuelCircle runs an online B2B marketplace for the biofuel and biomass energy supply chain.
- Buyers and sellers trade biofuels, biomass and related agri-residue feedstock on the platform.
- The company is based in Pune, Maharashtra, and was incorporated on 23 June 2020.
- It is recognised as a DPIIT startup and its website is biofuelcircle.com.
Source: www.tofler.in
Directors
- Ashwin Vasant Save — Managing Director
- Rajeev Kumar — Director, appointed 07 Jul 2023
- Amod Madhukar Khanorkar — Director, appointed 22 May 2023
- Indu Jacob — Director, appointed 09 Aug 2025
- Shishir Joshipura — Director, appointed 20 Dec 2025
- Pradeep Kumar Bhargava — Director, appointed 30 Aug 2023
- Renil Rajendra Gogri — Director, appointed 15 Apr 2025
Source: www.tofler.in
Financials
- Revenue ₹52.92 Cr
Source: www.tofler.in
Funding
- Jan 2024: Fresh funding round from Mumbai Angels (amount not disclosed)
Source: www.tofler.in
Charges & Borrowings
- Total open charges: ₹205.4 Cr
- HDFC Bank Limited: ₹30.90 Cr
- Other lenders: ₹174.50 Cr
- 13 Aug 2026: HDFC Bank Ltd charge of ₹5.9 Cr (open)
- 1 Jul 2026: Charge of ₹15 Cr from other lenders (open)
- 12 Nov 2025: HDFC Bank Ltd charge of ₹25 Cr (open)
Source: www.tofler.in
Competitors
- 1
- Buyofuel - Coimbatore-based online marketplace for biofuels and waste-product trading, founded in 2020
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