About Acecon Vitrified Private Limited
Data last updated:
Acecon Vitrified Private Limited was a private limited company based in Wankaner, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the ceramics segment of the manufacturing sector. It was incorporated on 04 November 2015.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26941GJ2015PTC084986. Its GSTIN is 24AANCA9093P1ZT (Gujarat).
The company had an authorised share capital of ₹32 Cr and a paid-up capital of ₹32 Cr. It was led by directors including Nishant Mahendrabhai Faldu and Chintukumar Ashokbhai Sarodia.
Its last annual general meeting (AGM) was held on 15 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Wankaner, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹260.19 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹8.57 Cr (net margin 3.3%) and EBITDA of ₹21.32 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 9% over five years.
The company had about 21 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Acecon Vitrified. As per MCA filings, the company had open charges of ₹111.65 Cr and satisfied charges of ₹102.66 Cr on record. Court records list 5 cases involving the company, including 5 filed against it.
The last known website on record is aceconvitrified.com.
Company details
Contact details
Acecon Vitrified Private Limited's registered office is in Wankaner, Gujarat. Its website is aceconvitrified.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No.147/1&2 149 179/P2&3 182/1&2 183/1&2 8 – A National Highway Matel Road At/Po, St Matel, Wankaner, Gujarat, India – 363621
- IndustryManufacturing, Ceramics, Sanitaryware & Tile
To see the full contact details of Acecon Vitrified 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
Acecon Vitrified operates one associated brand: Acecon Vitrified. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality vitrified and GVT tiles using modern technologies for interior decor. | aceconvitrified.com |
Business activity
The main business activity of Acecon Vitrified is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Acecon Vitrified Private Limited, buy the company report.
Financials of Acecon Vitrified Private Limited
FY 2024 filings availableAcecon Vitrified Private Limited reported revenue of ₹260.19 Cr (up 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 15% growth in the latest year. EBITDA rose 3% 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 | ₹21.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.57 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 3.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Acecon Vitrified Private Limited, buy the company report.
Board of directors and KMP of Acecon Vitrified Private Limited
Acecon Vitrified Private Limited currently reports 3 directors and 1 key managerial person. 3 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiral Jainesh Shah Also directs: SJ Corporation Limited, Tarapur Transformers Limited, Gujarat Polysol Chemicals Limited and 5 more | Company Secretary | 01 Jan 2023 | 3 Years 10 Months | As last reported |
| Nishant Mahendrabhai Faldu Also directs: Icon Granito Private Limited | Director | 04 Nov 2015 | 11 Years 0 Months | As last reported |
| Chintukumar Ashokbhai Sarodia | Director | 22 Jul 2016 | 10 Years 3 Months | As last reported |
| Bhavin Arvinbhai Faldu Also directs: Emicon Ceramic LLP | Director | 04 Nov 2015 | 11 Years 0 Months | As last reported |
Peer comparison
Acecon Vitrified Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Color Granito Private Limited | ₹279.72 Cr (FY 2025) | -5.0% | Ratavirda, Gujarat, India | |||
| Accord Vitrified Private Limited | ₹271.09 Cr (FY 2025) | 65.0% | Gujarat, India | |||
| Ita Lake Ceramic Private Limited | ₹265.85 Cr (FY 2025) | -11.0% | Bela, Gujarat, India | |||
| Acecon Vitrified Private Limitedthis company | ₹260.19 Cr (FY 2024) | ₹8.57 Cr | 3.3% | 15.0% | 21 | Wankaner, Gujarat, India |
| Win-Tel Ceramics Private Limited | ₹253.63 Cr (FY 2025) | -5.0% | Morbi, Gujarat, India |
To see the full peer comparison of Acecon Vitrified Private Limited, buy the company report.
Auditor
Acecon Vitrified Private Limited is audited by S. Sharda & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. Sharda & Associates | FY 2023 | 117361W |
Shareholding
The shareholding of Acecon Vitrified Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Acecon Vitrified Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Nov 2016 | 100061927 | Others | ₹102.66 Cr | Satisfied |
To see the full charge records of Acecon Vitrified Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Acecon Vitrified Private Limited has 5 court cases on record: 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by M/S Levita Granito LLP and 161 others | Disposed |
| District court, RAJKOT, Gujarat | Court case (DST LC) | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (DST LC) | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (DST LC) | Filed against the company by an individual | Disposed |
To see the full case history of Acecon Vitrified 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.
Credit ratings & regulatory alerts
Acecon Vitrified Private Limited was last rated by Care on 05 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Aug 2022 |
To see the full credit ratings and regulatory alerts of Acecon Vitrified Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Acecon Vitrified Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Acecon Vitrified Private Limited has a workforce of 21 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Acecon Vitrified has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCA9093P1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Acecon Vitrified Private Limited, buy the company report.
Recent activity
Acecon Vitrified Private Limited has 6 board changes on record since 2015: 4 appointments and 2 cessations. The latest: Manoj Bavanjibhai Bavaria ceased to be Director on 14 Dec 2023.
Frequently asked questions
Acecon Vitrified has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Acecon Vitrified was a private limited company based in Wankaner, Gujarat, India. The company worked in ceramics, within the manufacturing industry. It was incorporated on 04 November 2015 and is registered under CIN U26941GJ2015PTC084986. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Acecon Vitrified was incorporated on 04 November 2015. It is registered with the Registrar of Companies, Ahmedabad.
Acecon Vitrified had 4 directors and KMP:
- Nishant Mahendrabhai Faldu - Director
- Chintukumar Ashokbhai Sarodia - Director
- Bhavin Arvinbhai Faldu - Director
- Hiral Jainesh Shah - Company Secretary
The CIN (Corporate Identification Number) of Acecon Vitrified is U26941GJ2015PTC084986. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Acecon Vitrified is at Survey No.1471&2 149 179P2&3 1821&2 1831&2 8 – A National Highway Matel Road AtPo, St Matel, Wankaner, Gujarat, India – 363621.
Acecon Vitrified can be reached through the website aceconvitrified.com. Its registered office is in Wankaner, Gujarat, India.
The latest financial statements of Acecon Vitrified on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 15 July 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Acecon Vitrified is 24AANCA9093P1ZT, registered in Gujarat.
Acecon Vitrified operated in the manufacturing industry, in the ceramics segment.
The peers of Acecon Vitrified by revenue are Color Granito Private Limited, Accord Vitrified Private Limited, Ita Lake Ceramic Private Limited, Win-Tel Ceramics Private Limited, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
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