About New Vardhman
New Vardhman is a Real Estate & Construction company based in Morbi (India) founded in 2011. It produces high-quality tile products. It operates on a B2B model. New Vardhman has raised $5.72 million across 3 funding rounds. The company has 11 employees. Its Indian entity Mactile India Private Limited reported revenue of ₹135 Cr. Its focus areas include Manufacturing, Building Materials, Tiles Production and High-Quality Products. Its competitors include Somany Ceramics, Simpolo and Varmora Granito; 2 of its 3 listed competitors have raised funding.
Company details
New Vardhman produces high-quality tile products through producing manufactured goods, supplying building materials, tiles production, and high-quality products. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Morbi, India
- Employees 11
- SectorsReal Estate & Construction
- Website newvardhman.com
- Legal Name New Vardhman Vitrified Private Limited
- Date of Incorporation 11 Jul, 2011
- Jurisdiction Rajkot, Gujarat, India
- Annual Revenue₹135 Cr
FY 2024 · +12% YoY
- Net Profit₹1.63 Cr
FY 2024 · 1% margin
- EBITDA₹14.04 Cr
FY 2024 · 10% margin
- Total Equity Funding$5.72M (USD)
in 3 rounds
- Latest Funding Round$1.49M (USD), Seed
Oct 2012
- Employee Count11
Associated legal entities of New Vardhman
New Vardhman operates through Mactile India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mactile India Private Limited CIN U26933GJ2011PTC066282 | Active | 11 Jul 2011 | Rajkot, Gujarat | ₹135 Cr | 11 | 8 | View details |
Funding Insights of New Vardhman
New Vardhman has successfully raised a total of $5.72M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.49 million completed in October 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.72M
- Total Rounds 3
- Last Round Seed — $1.49M
- First Round $1.2M
(Sep 2011)
All 3 funding rounds of New Vardhman with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2012 | $1.49M | Seed | – | – | – |
| Mar 2012 | $3.03M | Seed | – | – | – |
| Sep 2011 | $1.2M | Seed | – | – | – |
Board of directors of Mactile India Private Limited (New Vardhman)
Mactile India Private Limited is the primary company behind New Vardhman. The board of Mactile India Private Limited currently have 8 directors; the longest-serving is Shekhar Ratilal Adroja, appointed in 2020. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shekhar Ratilal Adroja DIN 00700877 | Director | 10 Dec 2020 | 5 yrs 10 mo | Mactile India Private Limited |
| Viralbhai Chunilal Ghodasara DIN 03558016 | Director | 10 Dec 2020 | 5 yrs 10 mo | Mactile India Private Limited |
| Ashwinkumar Babulal Patel DIN 09029397 | Director | 01 Jan 2021 | 5 yrs 9 mo | Mactile India Private Limited |
| Shailesh Jivanbhai Likhia DIN 07707362 | Director | 01 Aug 2023 | 3 yrs 2 mo | Mactile India Private Limited |
| Satyanarayanarao Kalikivayivani DIN 00268252 | Nominee Director | 01 Apr 2024 | 2 yrs 6 mo | Mactile India Private Limited |
| Shekhar Chandra Sati DIN 09266244 | Nominee Director | 01 Apr 2024 | 2 yrs 6 mo | Mactile India Private Limited |
| Dinesh Bhatia DIN 07182809 | Nominee Director | 01 Apr 2024 | 2 yrs 6 mo | Mactile India Private Limited |
| Manish Porwal DIN 07213087 | Nominee Director | 01 Apr 2024 | 2 yrs 6 mo | Mactile India Private Limited |
Financials of New Vardhman
Figures of Mactile India Private Limited, the primary company behind New Vardhman, for FY 2024. Revenue was ₹135 Cr (+12% year on year). Net profit was ₹1.63 Cr (1% margin). EBITDA was ₹14.04 Cr (10% margin). Revenue has grown at a compounded annual rate of +75% over three years and +19% over five years.
- ₹135 CrRevenue · FY 2024 · +12% YoY
- ₹1.63 CrNet profit · 1% margin
- ₹14.04 CrEBITDA · 10% margin
- ₹27.52 CrPaid-up capital
- 11Employees (provident fund records)
- +75%Revenue CAGR, 3 years
- +19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mactile India Private Limited are on its company page.
Detailed financial statements for New Vardhman
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of New Vardhman
3 dated milestones of New Vardhman across 1 years, from founding to its latest funding, stage changes and deals.
- Founded New Vardhman is founded.
- Funding First funding round of $1.2M.
- Funding Latest funding round, Seed, of $1.5M.
Competitors of New Vardhman
New Vardhman has 3 listed competitors in our database, 2 of them funded. They include Somany Ceramics, Simpolo and Varmora Granito.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| somanyceramics.com | 1969 | Noida, India | $8M | 1,963 | Ceramic tiles are manufactured by Somany Ceramics in India. | |
| simpolo.com | 1977 | Morbi, India | $65.96M | Vitrified tiles and bathware products are manufactured for diverse applications. | ||
| varmora.com | 2003 | Mumbai, India | 4 | Ceramic flooring tiles are manufactured for construction applications. |
Detailed competitors of New Vardhman
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Building Materials
3 companies that operate in the same segment as New Vardhman (Building Materials) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products | 1975 | Kanpur, Uttar Pradesh, India | USD 1.44 B | 11,790 | ||
Industrial and decorative paints are manufactured along with related solutions. | 1942 | Mumbai, Maharashtra, India | USD 3.79 B | 33,600 | ||
Specializes in designing and manufacturing aesthetically pleasing bathroom solutions | 1960 | Gurugram, Haryana, India |
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Frequently Asked Questions about New Vardhman
New Vardhman was founded in 2011.
New Vardhman is headquartered in Morbi, India. It is registered at Morbi, Gujarat, India.
New Vardhman is a funded company, having raised a total of $5.72M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Sep 2011.
New Vardhman has 11 employees.
The primary company behind New Vardhman, Mactile India Private Limited, reported revenue of ₹135 Cr for FY 2024, up 12% year on year.
New Vardhman produces high-quality tile products through producing manufactured goods, supplying building materials, tiles production, and high-quality products. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
New Vardhman's top competitors include Somany Ceramics, Simpolo and Varmora Granito.
New Vardhman operates through Mactile India Private Limited.
The legal entities of New Vardhman currently have 8 directors, including Satyanarayanarao Kalikivayivani, Shekhar Chandra Sati, Ashwinkumar Babulal Patel and others.