MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-24-0002251
Revenue · FY 2025
₹492
▼ 100% YoY
Authorised capital
₹11.5 Cr
Registered with MCA
Paid-up capital
₹11.1 Cr
Issued & subscribed
Open charges
₹60.78 Cr
Satisfied ₹27.42 Cr
Company age
36 yrs
Est. 1990
Employees · EPFO
8
Provident fund records
Directors on board
7
As per MCA filings
Active GSTINs
1
of 2 registered
About Advance Syntex Limited
Data last updated:
Advance Syntex Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 21 September 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L17119GJ1990PLC014406. Its GSTIN is 24AABCA9332K1ZP (Gujarat). The company holds 2 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (539982) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹11.5 Cr and a paid-up capital of ₹11.1 Cr. It was formerly known as Advance Syntex Private Limited. It is led by directors including Bhavan Vora (Managing Director) and Darshana Devang Vora (Whole-Time Director).
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 233/2 & 238/2 G I D C Por Ramangamdi, Vadodara, Gujarat, India – 391243.
The company has about 8 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Midas Glitter. As per MCA filings, the company has open charges of ₹60.78 Cr and satisfied charges of ₹27.42 Cr on record. Court records list 59 cases involving the company, including 24 filed by the company and 35 filed against it; 6 cases are pending. The company has 23 deals on record (21 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹3.97 Cr; the latest was in March 2024. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 33 overdue payments to 7 micro and small suppliers.
Advance Syntex Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0002251). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midasglitter.com.
Company details
CIN L17119GJ1990PLC014406
Registration Number 014406
Incorporation Date 21 September 1990
ROC Ahmedabad
Listing Status Listed - Suspended on BSE (539982)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0002251
CIN history
Advance Syntex has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L17119GJ1990PLC014406, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17119GJ1990PLC014406 | Current |
| U17119GJ1990PTC014406 | Previous |
| U17119GJ1990PLC014406 | Previous |
Key People
Bhavan Vora Managing Director Darshana Devang Vora Whole-Time Director Nandishkumar Vinodray Gandhi Director Recognitions & Rankings of Advance Syntex
Contact details
Advance Syntex Limited's registered office is in Vadodara, Gujarat. Its website is midasglitter.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address233/2 & 238/2 G I D C Por Ramangamdi, Vadodara, Gujarat, India – 391243
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Advance Syntex Limited, buy the company report.
Comprehensive company report
Advance Syntex Limited - one report that includes everything
- 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
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Brands
Advance Syntex operates one associated brand: Midas Glitter. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Lacquered coated films and glitter powder are manufactured. | midasglitter.com |
Business activity
The main business activity of Advance Syntex is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Advance Syntex Limited, buy the company report.
Financials of Advance Syntex Limited
FY 2025 filings availableAdvance Syntex Limited reported revenue of ₹492 (down 100% YoY) for FY 2025.
Revenue · FY 2025
₹492 ▼ 100%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 99%
5 years · compounded
▼ 94%
Revenue has declined at a compounded annual rate (CAGR) of 94% over five years. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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To see the full financial statements and ratios of Advance Syntex Limited, buy the company report.
Board of directors of Advance Syntex Limited
Advance Syntex has 7 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nandishkumar Vinodray Gandhi Also directs: H B Engineers Private Limited | Director | 15 Dec 2010 | 15 Years 10 Months | Current |
| Praful Ramanlal Pandya | Director | 15 Dec 2010 | 15 Years 10 Months | Current |
| Himeshbhai Ochchhavlal Shah | Director | 24 Dec 2015 | 10 Years 10 Months | Current |
| Darshana Devang Vora | Whole-Time Director | 30 Sep 2013 | 13 Years 1 Months | Current |
| Bhavan Vora | Managing Director | 19 Oct 1996 | 30 Years 0 Months | Current |
| Ashish Govindlal Shukla | Director | 02 Feb 2019 | 7 Years 9 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Advance Syntex Limited is audited by V. J. AMIN & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. J. AMIN & CO. | FY 2023 | 100335W |
Shareholding
The shareholding of Advance Syntex 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 Advance Syntex Limited, buy the company report.
Charges & borrowings
Open charges
₹60.78 Cr
Satisfied charges
₹27.42 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2020 | 100368877 | Others | ₹46.92 Lakh | Open | |
| 31 Aug 2020 | 100374170 | Others | ₹15.08 Lakh | Open | |
| 29 Aug 2020 | 100373843 | Others | ₹14.52 Lakh | Open | |
| 17 Aug 2020 | 100365521 | Others | ₹25.93 Lakh | Open | |
| 24 Jun 2020 | 100348345 | Axis Bank Limited | ₹75 Lakh | Open |
To see the full charge records of Advance Syntex Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Advance Syntex Limited has 23 deals on record (21 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹3.97 Cr; the latest was in March 2024.
Total deals
23
Market trades
21
Funding round
1
IPO
1
Disclosed funding
₹3.97 Cr
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Market trade | ₹4.7 Lakh | Buyer: an individual |
| Mar 2018 | Market trade | ₹12.8 Lakh | Seller: an individual |
| Mar 2018 | Funding round | ₹3.97 Cr | Investors: an individual |
| Jan 2017 | Market trade | ₹19.9 Lakh | Buyer: Hem Sec Ltd Seller: Hem Sec Ltd, VSL Securities Private Limited |
| Sep 2016 | Market trade | ₹9.6 Lakh | Buyer: VSL Securities Private Limited |
To see the full deal history of Advance Syntex 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
Advance Syntex Limited has 59 court cases on record: 24 filed by Advance Syntex, 35 filed against it. 6 cases are pending and 53 are disposed.
Total cases
59
Filed by the company
24
Filed against the company
35
Pending
6
Disposed
53
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 53 | 33 | 6 |
| High courts | 3 | 0 | 0 |
| NCLT | 2 | 2 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Iifl Finance Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Siemens Financial Services Pvt Ltd Th Mr Vaibhav Priyadarshi | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by Idfc First Bank Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Siemens Financial Services Pvt Ltd Th Mr Vaibhav Priyadarshi | Disposed |
To see the full case history of Advance Syntex 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
Advance Syntex Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 33 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ose Packaging Private Limited | |||
| Kalpvrux Converting Products Private Limited | |||
| Yug International Private Limited | |||
| an individual supplier | |||
| Trim Pack |
To see the full MSME payment records of Advance Syntex Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Advance Syntex has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCA9332K1ZP | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Advance Syntex Limited, buy the company report.
Recent activity
Advance Syntex Limited has 17 board changes on record since 1990: 12 appointments and 5 cessations. The latest: Bhasker Pranjivanbhai Parekh ceased to be Director on 15 Apr 2022.
AGM
Advance Syntex Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Advance Syntex Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Bhasker Pranjivanbhai Parekh ceased to be Director.
Ceased
Forum Dinesh Lodaya ceased to be Director.
Charges
A charge with Axis Bank Limited of Rs. 24.70 Cr registered on 15 May 2017 with Charge ID 100110008 was modified on 28 Jan 2021.
Charges
A charge with Axis Bank Limited of Rs. 24.70 Cr registered on 07 Aug 2015 with Charge ID 10589181 was modified on 22 Oct 2020.
Ceased
Rajesh Asalraj Jain ceased to be Director.
Appointed
Ronojoy Basu was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.47 Cr with Charge ID 100368877 was registered on 31 Aug 2020.
Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 100374170 was registered on 31 Aug 2020.
Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 100373843 was registered on 29 Aug 2020.
Charges
A charge with Others amounted to Rs. 0.26 Cr with Charge ID 100365521 was registered on 17 Aug 2020.
37 earlier events are in the company report.
Frequently asked questions
Advance Syntex is an active public limited company based in Vadodara, Gujarat, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 21 September 1990 (36+ years old) and is registered under CIN L17119GJ1990PLC014406.
Advance Syntex has 7 current directors:
- Bhavan Vora - Managing Director
- Darshana Devang Vora - Whole-Time Director
- Nandishkumar Vinodray Gandhi - Director
- Praful Ramanlal Pandya - Director
- Himeshbhai Ochchhavlal Shah - Director
- Ashish Govindlal Shukla - Director
- Ronojoy Basu - Director
The latest financial statements of Advance Syntex 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 2015 are in the company report.
The GSTIN of Advance Syntex is 24AABCA9332K1ZP, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Advance Syntex is L17119GJ1990PLC014406. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Advance Syntex is recorded as a listed company by MCA, but trading in its shares on BSE (539982) has been suspended, so they do not currently trade on a stock exchange.
Advance Syntex has 59 court cases on record: 24 filed by the company and 35 filed against it. 6 are pending. Most are in the district courts.
Advance Syntex was incorporated on 21 September 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Advance Syntex has 23 deals on record (21 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹3.97 Cr; the latest was in March 2024.
Bhasker Pranjivanbhai Parekh ceased to be Director on 15 Apr 2022. Forum Dinesh Lodaya ceased to be Director on 15 Apr 2022. Rajesh Asalraj Jain ceased to be Director on 01 Oct 2020. Advance Syntex has 17 board changes on record in total.
Yes, Advance Syntex is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0002251).
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