MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-32-0000472
Axison Vitrified Private Limited - manufacturing in Khakhrechi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹43.03 Cr
▲ 7% YoY
Net profit · FY 2025
₹16.36 Lakh
Net margin 0.4%
EBITDA · FY 2025
₹2.45 Cr
EBITDA margin 5.7%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹7 Cr
Issued & subscribed
Open charges
₹9.71 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
24
Provident fund records
About Axison Vitrified Private Limited
Data last updated:
Axison Vitrified Private Limited is a private limited company based in Khakhrechi, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 05 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26999GJ2016PTC091846. Its GSTIN is 24AAOCA3661J1ZI (Gujarat).
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹7 Cr. It is led by directors Kiritkumar Shivlal Patel and Chetan Morarjibhai Vadgasiya.
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 Survey No. 1268 1269 & 1270 Maliya Halwad Highway B/H Casva Tiles Tal.: Maliya (M) Morbi, Khakhrechi, Gujarat, India – 363630.
As per the financials filed for FY 2025, the company reported a revenue of ₹43.03 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹16.36 Lakh (net margin 0.4%) and EBITDA of ₹2.45 Cr (EBITDA margin 5.7%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 2% over five years.
The company has about 24 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Axison Vitrified. As per MCA filings, the company has open charges of ₹9.71 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company. The company has 1 deal on record (1 rights issue); the latest was in December 2016. Its 5 peer companies 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) are compared by revenue, 2 larger and 3 smaller; the largest is Alinta Granito Private Limited with revenue of ₹43.49 Cr.
Axison Vitrified Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0000472). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website axisonvitrified.in.
Company details
CIN U26999GJ2016PTC091846
Registration Number 091846
Incorporation Date 05 May 2016
ROC Ahmedabad
Listing Status Unlisted
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-32-0000472
Recognitions & Rankings of Axison Vitrified
Contact details
Axison Vitrified Private Limited's registered office is in Khakhrechi, Gujarat. Its website is axisonvitrified.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 1268 1269 & 1270 Maliya Halwad Highway B/H Casva Tiles Tal.: Maliya (M) Morbi, Khakhrechi, Gujarat, India – 363630
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Axison Vitrified Private Limited, buy the company report.
Comprehensive company report
Axison Vitrified Private 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
Axison Vitrified operates one associated brand: Axison Vitrified. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies high-quality vitrified tiles for construction needs. | axisonvitrified.in |
Business activity
The main business activity of Axison 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 Axison Vitrified Private Limited, buy the company report.
Financials of Axison Vitrified Private Limited
FY 2025 filings availableAxison Vitrified Private Limited reported revenue of ₹43.03 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹43.03 Cr ▲ 7%
Net profit · FY 2025
₹16.36 Lakh margin 0.4%
EBITDA · FY 2025
₹2.45 Cr margin 5.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▼ 3%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▼ 20%
5 years · compounded
▼ 12%
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 7% growth in the latest year. EBITDA fell 10% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹2.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.36 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.7% | ||||
| Net Profit Margin | 0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Axison Vitrified Private Limited, buy the company report.
Board of directors of Axison Vitrified Private Limited
Axison Vitrified has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiritkumar Shivlal Patel | Director | 28 Oct 2016 | 9 Years 11 Months | Current |
| Chetan Morarjibhai Vadgasiya Also directs: Axison Tiles LLP | Director | 05 May 2016 | 10 Years 5 Months | Current |
Peer comparison
Axison Vitrified Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Alinta Granito Private Limited | ₹43.49 Cr (FY 2025) | -41.0% | Morbi, Gujarat, India | |||
| Platina Vitrified Private Limited | ₹43.45 Cr (FY 2025) | -25.0% | Lalpar, Gujarat, India | |||
| Axison Vitrified Private Limitedthis company | ₹43.03 Cr (FY 2025) | ₹16.36 Lakh | 0.4% | 7.0% | 24 | Khakhrechi, Gujarat, India |
| Passion Vitrified Private Limited | ₹42.45 Cr (FY 2025) | -38.0% | Matel, Gujarat, India | |||
| Iscon Ceramic Private Limited | ₹42.31 Cr (FY 2025) | -2.0% | Jambudiya, Gujarat, India | |||
| Veto Ceramic Private Limited | ₹42.1 Cr (FY 2024) | 20.0% | Jambudia, Gujarat, India |
To see the full peer comparison of Axison Vitrified Private Limited, buy the company report.
Auditor
Axison Vitrified Private Limited is audited by CBCL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CBCL & CO. | FY 2023 | 132198W |
Shareholding
The shareholding of Axison 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 Axison Vitrified Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.71 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Feb 2017 | 100077650 | Indian Bank | ₹9.71 Cr | Open |
To see the full charge records of Axison Vitrified Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Axison Vitrified Private Limited has 1 deal on record (1 rights issue); the latest was in December 2016.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Rights issue | ₹2.48 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Axison Vitrified Private Limited has 3 court cases on record: 3 filed by Axison Vitrified. All cases are disposed.
Total cases
3
Filed by the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against Manojkumar Goyal Director of Pooja Tiles and Sanitary Pvt. Ltd. and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Gas Limited and 3 others | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Disposed |
To see the full case history of Axison 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
Axison Vitrified Private Limited was last rated by Icra on 29 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Oct 2021 |
To see the full credit ratings and regulatory alerts of Axison Vitrified Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Axison Vitrified Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Axison Vitrified Private Limited has a workforce of 24 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
24
Active EPFO establishments
1
GST
Axison Vitrified has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAOCA3661J1ZI | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Axison Vitrified Private Limited, buy the company report.
Recent activity
Axison Vitrified Private Limited has 4 board changes on record since 2016: 2 appointments and 2 cessations. The latest: Ashvinkumar Laljibhai Ghodasara ceased to be Director on 27 Apr 2024.
AGM
Axison Vitrified Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Axison Vitrified Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Ashvinkumar Laljibhai Ghodasara ceased to be Director.
Charges
A charge with Indian Bank of Rs. 9.71 Cr registered on 08 Feb 2017 with Charge ID 100077650 was modified on 16 Feb 2024.
Charges
A charge with Indian Bank amounted to Rs. 9.71 Cr with Charge ID 100077650 was registered on 08 Feb 2017.
Appointed
Kiritkumar Shivlal Patel was appointed as Director.
Ceased
Paresh Mavjibhai Virpariya ceased to be Director.
Appointed
Chetan Morarjibhai Vadgasiya was appointed as Director.
Incorporation
05 May 2016
Axison Vitrified Private Limited was registered on 05 May 2016 with Roc Ahmedabad & aged 10 years 5 months as per MCA records.
Frequently asked questions
Axison Vitrified is an active private limited company based in Khakhrechi, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 05 May 2016 (10+ years old) and is registered under CIN U26999GJ2016PTC091846.
Axison Vitrified has 2 current directors:
- Kiritkumar Shivlal Patel - Director
- Chetan Morarjibhai Vadgasiya - Director
The latest financial statements of Axison Vitrified 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 2017 are in the company report.
The GSTIN of Axison Vitrified is 24AAOCA3661J1ZI, registered in Gujarat.
The CIN (Corporate Identification Number) of Axison Vitrified is U26999GJ2016PTC091846. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axison Vitrified has 3 court cases on record: 3 filed by the company. Most are in the high courts.
Axison Vitrified was incorporated on 05 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Axison Vitrified has 1 deal on record (1 rights issue); the latest was in December 2016.
The peers of Axison Vitrified by revenue are Alinta Granito Private Limited, Platina Vitrified Private Limited, Passion Vitrified Private Limited, Iscon Ceramic Private Limited, Veto Ceramic 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).
Ashvinkumar Laljibhai Ghodasara ceased to be Director on 27 Apr 2024. Kiritkumar Shivlal Patel was appointed as Director on 28 Oct 2016. Paresh Mavjibhai Virpariya ceased to be Director on 16 Sep 2016. Axison Vitrified has 4 board changes on record in total.
Yes, Axison Vitrified is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-32-0000472).