About Formica Laminates (India) Private Limited
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Formica Laminates (India) Private Limited is a private limited company based in Gandhinagar, Gujarat, India, a subsidiary of Formica (Singapore) Pte.Ltd. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 28 September 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U20219GJ2011PTC084921. Its GSTIN is 24AABCF8143R1Z7 (Gujarat). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹47.65 Lakh. It is led by directors including Ajay Khurana (Managing Director) and Sanjay Solanki.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Gandhinagar, Gujarat.
As per the financials filed for FY 2026, the company reported a revenue of ₹30.59 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹13.34 Cr (net margin -43.6%) and EBITDA of -₹9.91 Cr (EBITDA margin -32.4%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 21% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Formica. Court records list 42 cases involving the company, including 34 filed by the company and 8 filed against it; 15 cases are pending. The company has 6 deals on record (5 rights issues, 1 funding round), with disclosed funding of ₹25 Cr; the latest was in May 2020. The company has 7 MSME Form 1 returns on record between 2019 and 2024, listing 48 overdue payments to 8 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website formica-india.com.
Company details
CIN history
Formica Laminates (India) has one previous CIN (Corporate Identification Number): U20219PN2011PTC140908. The current CIN is U20219GJ2011PTC084921, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U20219GJ2011PTC084921 | Current |
| U20219PN2011PTC140908 | Previous |
Contact details
Formica Laminates (India) Private Limited's registered office is in Gandhinagar, Gujarat. Its website is formica-india.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBlock No.591/592 6th K.M. Stone Kalol – Vamaj Road Village – Piyaj Tal:, Kalol, Gandhinagar, Gujarat, India – 382721
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of Formica Laminates (India) Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Formica Laminates (India) operates one associated brand: Formica. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Home improvement products including laminates and fittings are manufactured. | formica.com |
Business activity
The main business activity of Formica Laminates (India) is manufacturing. In detail, this covers manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 16 | Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials |
To see the full business activity and turnover split of Formica Laminates (India) Private Limited, buy the company report.
Financials of Formica Laminates (India) Private Limited
FY 2026 filings availableFormica Laminates (India) Private Limited reported revenue of ₹30.59 Cr (down 12% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 7% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹30.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹9.91 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.34 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -32.4% | ||||
| Net Profit Margin | -43.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Formica Laminates (India) Private Limited, buy the company report.
Board of directors of Formica Laminates (India) Private Limited
Formica Laminates (India) has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gunjan Anurag | Additional Director | 16 Jun 2025 | 1 Years 4 Months | Current |
| Nilesh Valmik Shinde | Additional Director | 08 Dec 2025 | 0 Years 11 Months | Current |
| Ajay Khurana | Managing Director | 04 Jun 2021 | 5 Years 5 Months | Current |
| Sanjay Solanki | Director | 10 Aug 2024 | 2 Years 3 Months | Current |
| Ketan Bharatbhai Panchal | Additional Director | 10 Dec 2025 | 0 Years 11 Months | Current |
Auditor
Formica Laminates (India) Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2026 | 012754N |
Shareholding
The shareholding of Formica Laminates (India) Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Formica Laminates (India) Private Limited, buy the company report.
Deals & funding
Formica Laminates (India) Private Limited has 6 deals on record (5 rights issues, 1 funding round), with disclosed funding of ₹25 Cr; the latest was in May 2020.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2020 | Rights issue | ₹33.96 Cr | Investors: Formica (Singapore) Pte Limited |
| Jan 2019 | Rights issue | ₹46.5 Cr | Investors: Formica (Singapore) Pte Limited |
| Jan 2017 | Rights issue | ₹92.3 Cr | Investors: Formica (Singapore) Pte Limited |
| Jul 2015 | Rights issue | ₹20 Cr | Investors: Formica (Singapore) Pte Limited |
| Oct 2014 | Rights issue | ₹30 Cr | Investors: Formica (Singapore) Pte Limited |
To see the full deal history of Formica Laminates (India) Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Formica Laminates (India) Private Limited has 42 court cases on record: 34 filed by Formica Laminates (India), 8 filed against it. 15 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 36 | 4 | 14 |
| High courts | 5 | 4 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by Pe El Asia Trading Pvt Ltd | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against Medi Sales Agencies Private Limited and 3 others | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Pe El Asia Trading Pvt Ltd | Pending |
| Bombay High Court | Writ petition | Filed against the company by The Citi Club Pvt. Ltd. and Anr | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.Misc.) | Filed by the company against Pe El Asia Trading Pvt Ltd | Disposed |
To see the full case history of Formica Laminates (India) Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Formica Laminates (India) Private Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 48 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ozeca | |||
| Starwood Modular | |||
| an individual supplier | |||
| Shree Chamunda Coal Private Limited | |||
| Infinity Vincom Private Limited |
To see the full MSME payment records of Formica Laminates (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Formica Laminates (India) Private Limited has a workforce of 17 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 17 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Formica Laminates (India) Private Limited, buy the company report.
GST
Formica Laminates (India) has 6 GST registrations: 2 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCF8143R1Z7 | Gujarat | Active | 01 Jul 2017 |
| 07AABCF8143R2Z2 | Delhi | Active | 30 May 2022 |
To see the full GST registrations and return filing status of Formica Laminates (India) Private Limited, buy the company report.
Recent activity
Formica Laminates (India) Private Limited has 19 board changes on record since 2015: 5 appointments and 14 cessations. The latest: Ketan Bharatbhai Panchal was appointed as Additional Director on 10 Dec 2025.
10 earlier events are in the company report.
Frequently asked questions
Formica Laminates (India) is an active private limited company based in Gandhinagar, Gujarat, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 28 September 2011 (15+ years old) and is registered under CIN U20219GJ2011PTC084921.
Formica Laminates (India) has 5 current directors:
- Ajay Khurana - Managing Director
- Gunjan Anurag - Additional Director
- Nilesh Valmik Shinde - Additional Director
- Sanjay Solanki - Director
- Ketan Bharatbhai Panchal - Additional Director
The latest financial statements of Formica Laminates (India) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Formica Laminates (India) is 24AABCF8143R1Z7, registered in Gujarat. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 07AABCF8143R2Z2 (Delhi).
The CIN (Corporate Identification Number) of Formica Laminates (India) is U20219GJ2011PTC084921. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formica Laminates (India) has 42 court cases on record: 34 filed by the company and 8 filed against it. 15 are pending. Most are in the district courts.
Formica Laminates (India) was incorporated on 28 September 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Formica Laminates (India) has 6 deals on record (5 rights issues, 1 funding round), with disclosed funding of ₹25 Cr; the latest was in May 2020.
Ketan Bharatbhai Panchal was appointed as Additional Director on 10 Dec 2025. Nilesh Valmik Shinde was appointed as Additional Director on 08 Dec 2025. Gunjan Anurag ceased to be Additional Director on 29 Sep 2025. Formica Laminates (India) has 19 board changes on record in total.
Formica Laminates (India) has 7 MSME Form 1 returns on record between 2019 and 2024, listing 48 overdue payments to 8 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Formica Laminates (India) can be reached through the website formica-india.com. Its registered office is in Gandhinagar, Gujarat, India.
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