About Adex Composites Private Limited
Data last updated:
Adex Composites Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the commercial printing services segment of the media and publishing sector. It was incorporated on 29 June 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1998PTC115548. Its GSTIN is 27AABCA2018A1ZJ (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.02 Lakh. It is led by directors including Sushilkumar More and Adityavikram More.
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 Plot No.20 & 39 K.I.D.C Vasai Bhiwandi Road Near Kaman Post Kaman Village Poman, Thane, Maharashtra, India – 401208.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.5 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹35.76 Lakh (net margin 2.9%) and EBITDA of ₹74.87 Lakh (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 32% over five years.
The company has about 14 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹4.92 Cr and satisfied charges of ₹48.5 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adexcomposites.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No.20 & 39 K.I.D.C Vasai Bhiwandi Road Near Kaman Post Kaman Village Poman, Thane, Maharashtra, India – 401208
- IndustryMedia and Publishing, Commercial Printing Services
- 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
- One PDF report, delivered after checkout
Business Activity of Adex Composites Private Limited
The main business activity of Adex Composites is manufacturing. In detail, this covers printing, reproduction of recorded media.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C4 | Printing, reproduction of recorded media | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Adex Composites Private Limited FY 2025 filings available
Adex Composites Private Limited reported revenue of ₹12.5 Cr (up 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Adex Composites Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 1% growth in the latest year. EBITDA fell 12% 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 of Adex Composites Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹74.87 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹35.76 Lakh | •••• | •••• | •••• | •••• |
| 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 of Adex Composites Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Adex Composites are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Adex Composites Private Limited
Adex Composites Private Limited is audited by A.M. Jain & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A.M. Jain & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Adex Composites Private Limited
Adex Composites has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushilkumar More | Director | 01 Apr 2009 | 17 Years 6 Months | Current |
| Adityavikram More Also directs: More & More Brands Private Limited, Anirudh Resins Private Limited | Director | 01 May 2008 | 18 Years 5 Months | Current |
| Ajay Kumar Anandilal More | Director | 02 Aug 2023 | 3 Years 2 Months | Current |
Ownership and Shareholding of Adex Composites Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Adex Composites Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Nov 2025 | The Hongkong and Shanghai Banking Corporation Limited | ₹1.59 Cr | Open |
| 28 Jan 2021 | Others | ₹2.5 Cr | Open |
| 25 Jul 2009 | Bank of Maharashtra | ₹80 Lakh | Open |
| 19 May 2000 | Bank of Baroda | ₹2.44 Lakh | Open |
| 30 Jul 2009 | Bank of Maharashtra | ₹48.5 Lakh | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Adex Composites Private Limited
Adex Composites Private Limited has a workforce of 14 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Adex Composites Private Limited
Adex Composites has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| More & More Brands Private Limited | U74110MH2013PTC247432 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Adex Composites Private Limited
Director changes at Adex Composites Private Limited
Adex Composites Private Limited has 9 board changes on record since 2006: 6 appointments and 3 cessations. The latest: Ajay Kumar Anandilal More was appointed as Director on 02 Aug 2023.
Credit Ratings, Litigation & Regulatory Alerts for Adex Composites Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Adex Composites Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Adex Composites Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Adex Composites Private Limited
Adex Composites has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA2018A1ZJ | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Adex Composites Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Adex Composites Private Limited
Adex Composites is an active private limited company based in Thane, Maharashtra, India. The company works in commercial printing services, within the media and publishing industry. It was incorporated on 29 June 1998 (28+ years old) and is registered under CIN U51900MH1998PTC115548.
Adex Composites reported revenue of ₹12.5 Cr for FY 2024 (up 1% YoY).
Adex Composites has 3 current directors:
- Sushilkumar More - Director
- Adityavikram More - Director
- Ajay Kumar Anandilal More - Director
Adex Composites reported a net profit of ₹35.76 Lakh (net margin 2.9%) and EBITDA of ₹74.87 Lakh (EBITDA margin 6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Adex Composites is 22% over three years and 32% over five years. In the latest year (FY 2024) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Adex Composites is 27AABCA2018A1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Adex Composites is U51900MH1998PTC115548. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adex Composites was incorporated on 29 June 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Ajay Kumar Anandilal More was appointed as Director on 02 Aug 2023. Sangeeta More ceased to be Director on 01 Apr 2009. Sushilkumar More was appointed as Director on 01 Apr 2009. Adex Composites has 9 board changes on record in total.
Adex Composites can be reached through the website adexcomposites.com. Its registered office is in Thane, Maharashtra, India.