Axwell Granito Private Limited

Axwell Granito Private Limited - manufacturing in Morbi, Gujarat, India. FY 2026 financials & compliance.
CIN U26990GJ2016PTC091623 Incorporated 20 April 2016 ROC Ahmedabad HQ Morbi, Gujarat, India
Active Private Limited Company manufacturing MSME · Medium
Data last updated
Revenue · FY 2025
₹73.94 Cr
▲ 1% YoY
Net profit · FY 2025
₹58.19 Lakh
Net margin 0.8%
EBITDA · FY 2025
₹4.88 Cr
EBITDA margin 6.6%
Authorised capital
₹12.5 Cr
Registered with MCA
Paid-up capital
₹12.5 Cr
Issued & subscribed
Open charges
₹19.5 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
14
Provident fund records

About Axwell Granito Private Limited

Data last updated:

Axwell Granito Private Limited is a private limited company based in Morbi, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 20 April 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26990GJ2016PTC091623. Its GSTIN is 24AAOCA3262F1ZU (Gujarat).

The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹12.5 Cr. It is led by directors including Krushnakant Valamjibhai Ambani and Balkrishna Kachara Ambani.

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 At: Unchi Mandal Ta: Morbi, Gujarat, India – 363642.

As per the financials filed for FY 2025, the company reported a revenue of ₹73.94 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹58.19 Lakh (net margin 0.8%) and EBITDA of ₹4.88 Cr (EBITDA margin 6.6%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 13% over five years.

The company has about 14 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Axwell Granito. As per MCA filings, the company has open charges of ₹19.5 Cr on record. Court records list 9 cases involving the company, including 7 filed by the company and 2 filed against it; 1 case is pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2017. Its 6 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, 4 larger and 2 smaller; the largest is Adoration Ceramica Private Limited with revenue of ₹76.93 Cr. The company has 2 MSME Form 1 returns on record between 2018 and 2019, listing 84 overdue payments to 15 micro and small suppliers.

Axwell Granito Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0010505). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website axwellgranito.com.

Company details

CIN U26990GJ2016PTC091623
Registration Number 091623
Incorporation Date 20 April 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 Medium
Udyam Registration UDYAM-GJ-32-0010505
Key People
Krushnakant Valamjibhai Ambani Director Balkrishna Kachara Ambani Director Jagdish Valamji Ambani Director

Recognitions & Rankings of Axwell Granito

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-32-0010505

Contact details

Axwell Granito Private Limited's registered office is in Morbi, Gujarat. Its website is axwellgranito.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    axwellgranito.com
  • Registered Address
    At: Unchi Mandal Ta: Morbi, Gujarat, India – 363642
  • Industry
    Manufacturing, Sanitaryware & Tile, Ceramics

To see the full contact details of Axwell Granito Private Limited, buy the company report.

Comprehensive company report
Axwell Granito 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Axwell Granito operates one associated brand: Axwell Granito. Each brand links to its own profile.

BrandDescriptionWebsite
Axwell Granito
Manufactures and exports high-quality double charge vitrified tiles.axwellgranito.com

Business activity

The main business activities of Axwell Granito are manufacturing and trade. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and wholesale trading. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Axwell Granito Private Limited, buy the company report.

Financials of Axwell Granito Private Limited

FY 2025 filings available

Axwell Granito Private Limited reported revenue of ₹73.94 Cr (up 1% YoY) for FY 2025.

Revenue · FY 2025
₹73.94 Cr ▲ 1%
Net profit · FY 2025
₹58.19 Lakh margin 0.8%
EBITDA · FY 2025
₹4.88 Cr margin 6.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 8%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▼ 9%
5 years · compounded
▼ 5%

Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 1% growth in the latest year. EBITDA fell 4% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹4.88 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹58.19 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin6.6%
Net Profit Margin0.8%
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

To see the full financial statements and ratios of Axwell Granito Private Limited, buy the company report.

Board of directors of Axwell Granito Private Limited

Axwell Granito has 4 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Krushnakant Valamjibhai Ambani
Also directs: Alliance Vitrified Private Limited
Director20 Apr 201610 Years 6 MonthsCurrent
Balkrishna Kachara Ambani
Also directs: Alliance Vitrified Private Limited
Director20 Apr 201610 Years 6 MonthsCurrent
Jagdish Valamji Ambani
Also directs: Ambani Paper LLP
Director20 Apr 201610 Years 6 MonthsCurrent
Rajubhai Bhimjibhai Manvar
Also directs: Alliance Vitrified Private Limited, Diza Nonwoven LLP
Director20 Apr 201610 Years 6 MonthsCurrent
View all directors

Peer comparison

Axwell Granito Private Limited is compared with the 6 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Adoration Ceramica Private Limited₹76.93 Cr (FY 2025)-29.0%Morbi, Gujarat, India
Qutone Tiles Private Limited₹76.42 Cr (FY 2017)895.0%Wankaner, Gujarat, India
Millennia Tiles Private Limited₹75.77 Cr (FY 2025)-7.0%Morbi, Gujarat, India
Sega Ceramics Private Limited₹75.7 Cr (FY 2025)0.0%Dhuva, Gujarat, India
Axwell Granito Private Limitedthis company₹73.94 Cr (FY 2025)₹58.19 Lakh0.8%1.0%14Morbi, Gujarat, India
Clan Vitrified Private Limited₹73.49 Cr (FY 2025)-19.0%Dhuva, Gujarat, India
Grafite Ceramics Private Limited₹73.18 Cr (FY 2025)2.0%Trajpar, Gujarat, India

To see the full peer comparison of Axwell Granito Private Limited, buy the company report.

Auditor

Axwell Granito Private Limited is audited by V. N. SITAPARA & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
V. N. SITAPARA & ASSOCIATESFY 2023123575W

Shareholding

The shareholding of Axwell Granito 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Axwell Granito Private Limited, buy the company report.

Charges & borrowings

Open charges
₹19.5 Cr
Satisfied charges
None
Breakdown by lending institutions
State Bank of India₹19.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
24 Aug 2016100049008State Bank of India₹19.5 CrOpen

To see the full charge records of Axwell Granito Private Limited, buy the company report.

Total charge records: 1 View all charges

Deals & funding

Axwell Granito Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2017.

Total deals
1
Secondary share transfer
1

Deals on record (1 of 1)

WhenDealAmountParties
Mar 2017Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 2 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Axwell Granito Private Limited was last rated by Crisil on 21 May 2020.

Rating agencyRated onRating
Crisil21 May 2020

To see the full credit ratings and regulatory alerts of Axwell Granito Private Limited, buy the company report.

MSME payment delays

Axwell Granito Private Limited has 2 MSME Form 1 returns on record between 2018 and 2019, listing 84 overdue payments to 15 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 15)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
Able Impex
an individual supplier

To see the full MSME payment records of Axwell Granito Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Axwell Granito Private Limited has a workforce of 14 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.

Employee count
14
Active EPFO establishments
1
Employee growth
-12.5%

GST

Axwell Granito has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAOCA3262F1ZUGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Axwell Granito Private Limited, buy the company report.

Recent activity

Axwell Granito Private Limited has 4 board changes on record since 2016: 4 appointments. The latest: Balkrishna Kachara Ambani was appointed as Director on 20 Apr 2016.

AGM
Axwell Granito Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Axwell Granito Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with State Bank Of India of Rs. 19.50 Cr registered on 24 Aug 2016 with Charge ID 100049008 was modified on 21 Mar 2024.
Charges
A charge with State Bank Of India amounted to Rs. 19.50 Cr with Charge ID 100049008 was registered on 24 Aug 2016.
Appointed
Balkrishna Kachara Ambani was appointed as Director.
Appointed
Jagdish Valamji Ambani was appointed as Director.
Appointed
Krushnakant Valamjibhai Ambani was appointed as Director.
Appointed
Rajubhai Bhimjibhai Manvar was appointed as Director.
Incorporation
20 Apr 2016
Axwell Granito Private Limited was registered on 20 Apr 2016 with Roc Ahmedabad & aged 10 years 6 months as per MCA records.

Frequently asked questions

Axwell Granito is an active private limited company based in Morbi, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 20 April 2016 (10+ years old) and is registered under CIN U26990GJ2016PTC091623.

Axwell Granito has 4 current directors:

The latest financial statements of Axwell Granito 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 Axwell Granito is 24AAOCA3262F1ZU, registered in Gujarat.

The CIN (Corporate Identification Number) of Axwell Granito is U26990GJ2016PTC091623. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Axwell Granito has 9 court cases on record: 7 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.

Axwell Granito was incorporated on 20 April 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Axwell Granito has 1 deal on record (1 secondary share transfer); the latest was in March 2017.

The peers of Axwell Granito by revenue are Adoration Ceramica Private Limited, Qutone Tiles Private Limited, Millennia Tiles Private Limited, Sega Ceramics Private Limited, Clan Vitrified Private Limited and 1 more, 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).

Balkrishna Kachara Ambani was appointed as Director on 20 Apr 2016. Jagdish Valamji Ambani was appointed as Director on 20 Apr 2016. Krushnakant Valamjibhai Ambani was appointed as Director on 20 Apr 2016. Axwell Granito has 4 board changes on record in total.

Yes, Axwell Granito is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-32-0010505).

Axwell Granito has 2 MSME Form 1 returns on record between 2018 and 2019, listing 84 overdue payments to 15 micro and small suppliers. The latest return was filed on 30 May 2019.