Morbi Industrial Development Association
About Morbi Industrial Development Association
Data last updated:
Morbi Industrial Development Association is a private not for profit company based in Morbi, Gujarat, India. It operates in the roads segment of the construction sector. It was incorporated on 11 January 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U91100GJ2016NPL085686.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.51 Lakh. It is led by directors Mansukhbhai Karsanbhai Adroja and Vishal Mahadev Bhadja.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office No. 327 3rd Floor Patel Shopping Center Near Super Market Sanala Road, Morbi, Gujarat, India – 363641.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.06 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹21,501 (net margin 0%) and EBITDA of -₹21,265 (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 46% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Morbi Industrial Development Association's registered office is in Morbi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No. 327 3rd Floor Patel Shopping Center Near Super Market Sanala Road, Morbi, Gujarat, India – 363641
- IndustryConstruction, Roads, Railways, Utility Projects
To see the full contact details of Morbi Industrial Development Association, 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
Business activity
The main business activity of Morbi Industrial Development Association is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Morbi Industrial Development Association, buy the company report.
Financials of Morbi Industrial Development Association
FY 2025 filings availableMorbi Industrial Development Association reported revenue of ₹12.06 Cr (up 1086% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years. EBITDA fell 44% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹21,265 | ||||
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| Net Profit (PAT) | -₹21,501 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 0% | ||||
| Net Profit Margin | 0% | ||||
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To see the full financial statements and ratios of Morbi Industrial Development Association, buy the company report.
Board of directors of Morbi Industrial Development Association
Morbi Industrial Development Association has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mansukhbhai Karsanbhai Adroja | Director | 11 Jan 2016 | 10 Years 9 Months | Current |
| Vishal Mahadev Bhadja Also directs: Bahadurgadh Industrial Association | Director | 21 Apr 2022 | 4 Years 6 Months | Current |
Peer comparison
Morbi Industrial Development Association is compared with the 9 companies closest to it by revenue in the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Civicon Hitech Private Limited | ₹12.17 Cr (FY 2025) | 207.0% | Jammu, Jammu and Kashmir, India | |||
| Bima Developers Private Limited | ₹12.12 Cr (FY 2025) | 17.0% | Hyderabad, Telangana, India | |||
| Patliputra Infra Construction Private Limited | ₹12.1 Cr (FY 2023) | 42.0% | Patna, Bihar, India | |||
| Gaya Biraj Private Limited | ₹12.07 Cr (FY 2024) | 20.0% | Gaya, Bihar, India | |||
| Sri Gomathi Sankar Constructions Private Limited | ₹12.07 Cr (FY 2024) | 27.0% | Madurai, Tamil Nadu, India | |||
| Morbi Industrial Development Associationthis company | ₹12.06 Cr (FY 2024) | -₹21,501 | 0% | 1086.0% | Morbi, Gujarat, India | |
| Avr Thejas Infra Private Limited | ₹12.05 Cr (FY 2024) | 24.0% | Hyderabad, Telangana, India | |||
| Empacus Infrastructure Private Limited | ₹12.01 Cr (FY 2020) | 243.0% | Dahisar, Mumbai, Maharashtra, India | |||
| JDM Engineering and Construction Private Limited | ₹12 Cr (FY 2025) | -32.0% | Patna, Bihar, India | |||
| Keti Infrastructure Private Limited | ₹11.96 Cr (FY 2025) | 3.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Morbi Industrial Development Association, buy the company report.
Auditor
Morbi Industrial Development Association is audited by J R C & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J R C & Associates | FY 2017 | 133926W |
Shareholding
The shareholding of Morbi Industrial Development Association is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Morbi Industrial Development Association, buy the company report.
Legal cases
No court or tribunal cases involving Morbi Industrial Development Association are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Morbi Industrial Development Association; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Morbi Industrial Development Association; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Morbi Industrial Development Association has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Kardam Sureshbhai Joshi ceased to be Director on 22 Apr 2022.
Frequently asked questions
Morbi Industrial Development Association is an active private not for profit company based in Morbi, Gujarat, India. The company works in roads, within the construction industry. It was incorporated on 11 January 2016 (10+ years old) and is registered under CIN U91100GJ2016NPL085686.
Morbi Industrial Development Association has 2 current directors:
- Mansukhbhai Karsanbhai Adroja - Director
- Vishal Mahadev Bhadja - Director
The latest financial statements of Morbi Industrial Development Association on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Morbi Industrial Development Association is U91100GJ2016NPL085686. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Morbi Industrial Development Association was incorporated on 11 January 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Morbi Industrial Development Association by revenue are Civicon Hitech Private Limited, Bima Developers Private Limited, Patliputra Infra Construction Private Limited, Gaya Biraj Private Limited, Sri Gomathi Sankar Constructions Private Limited and 4 more, all in the same principal business activity (roads, railways, utility projects).
Kardam Sureshbhai Joshi ceased to be Director on 22 Apr 2022. Vishal Mahadev Bhadja was appointed as Director on 21 Apr 2022. Mansukhbhai Karsanbhai Adroja was appointed as Director on 11 Jan 2016.
The registered office of Morbi Industrial Development Association is at Office No. 327 3rd Floor Patel Shopping Center Near Super Market Sanala Road, Morbi, Gujarat, India – 363641.
Morbi Industrial Development Association operates in the construction industry, in the roads segment.
The compliance status of Morbi Industrial Development Association is compliant as of 05 August 2026. The company is actively filing with the Registrar of Companies.
Morbi Industrial Development Association can be reached at its registered office: Office No. 327 3rd Floor Patel Shopping Center Near Super Market Sanala Road, Morbi, Gujarat, India – 363641.
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