About Blue Tex (I) Private Limited
Data last updated:
Blue Tex (I) Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 13 August 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24233GJ2014PTC080480. Its GSTIN is 24AAFCC7376R1ZX (Gujarat). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹3.45 Cr and a paid-up capital of ₹3.05 Cr. It was formerly known as Cyan Chemicals Private Limited. It is led by directors including Pushkar Harivadan Dalal (Managing Director) and Milan Dalal (Managing Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3rd Floor Maharshi Complex Sardar Patel Colony Navrangpura, Ahmedabad, Gujarat, India – 380014.
As per the financials filed for FY 2025, the company reported a revenue of ₹116.1 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹26.88 Cr (net margin 23.2%) and EBITDA of ₹41.16 Cr (EBITDA margin 35.5%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 12% over five years.
The company has about 94 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.9 Cr and satisfied charges of ₹7.46 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 1 case is pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹121.46 Cr; the latest was in October 2021. Its 10 peer companies in the Machinery and Equipment industry (Chemical Retail and Distribution, Industrial Products Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Pan Oleo Enterprise Private Limited with revenue of ₹116.6 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2020, listing 41 overdue payments to 13 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bluetexindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address3rd Floor Maharshi Complex Sardar Patel Colony Navrangpura, Ahmedabad, Gujarat, India – 380014
- IndustryChemicals and Materials, Chemical Distribution & Retail
- 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 Blue Tex (I) Private Limited
The main business activities of Blue Tex (I) are trade, manufacturing and professional, scientific and technical. In detail, this covers wholesale trading, chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and other professional, scientific and technical activities. 3 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | 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 Blue Tex (I) Private Limited FY 2025 filings available
Blue Tex (I) Private Limited reported revenue of ₹116.1 Cr (up 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Blue Tex (I) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 16% growth in the latest year. EBITDA rose 21% 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 Blue Tex (I) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹41.16 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹26.88 Cr | •••• | •••• | •••• | •••• |
| 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 Blue Tex (I) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 35.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 23.2% | •••• | •••• | •••• | •••• |
| 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 Blue Tex (I) 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.
Peer Comparison of Blue Tex (I) Private Limited
Blue Tex (I) Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Chemical Retail and Distribution, Industrial Products Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pan Oleo Enterprise Private Limited | ₹116.6 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Mumbai, Maharashtra, India |
| Greenglobe Fuel Solutions Private Limited | ₹116.52 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Bhiwandi, Maharashtra, India |
| Gyanti Multiservices Private Limited | ₹116.47 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Gorakhpur, Uttar Pradesh, India |
| Emtici Engineering Limited | ₹116.13 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Anand, Gujarat, India |
| Apit Machinery Private Limited | ₹116.11 Cr (FY 2025) | •••• | •••• | 1426.0% | •••• | Doddaballapura, Karnataka, India |
| Blue Tex (I) Private Limited this company | ₹116.1 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Ahmedabad, Gujarat, India |
| Flexible Steel Lacing Company Private Limited | ₹116.09 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Chennai, Tamil Nadu, India |
| Marelli SKH Exhaust Systems Private Limited | ₹115.88 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Gurgaon, Haryana, India |
| CS Components Private Limited | ₹115.68 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Damodar Tradelinks Private Limited | ₹115.67 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Chennai, Tamil Nadu, India |
| Technoforce Solutions (I) Private Limited | ₹115.65 Cr (FY 2025) | •••• | •••• | 114.0% | •••• | Nashik, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Blue Tex (I) by revenue in the Machinery and Equipment industry (Chemical Retail and Distribution, Industrial Products Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Blue Tex (I) Private Limited
Blue Tex (I) Private Limited is audited by Kantilal Patel & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Kantilal Patel & 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 Blue Tex (I) Private Limited
Blue Tex (I) has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Milan Dalal Also directs: Bluetex Enterprise Private Limited | Director | 13 Aug 2014 | 12 Years 2 Months | Current |
| Pushkar Harivadan Dalal | Managing Director | 13 Aug 2014 | 12 Years 2 Months | Current |
| Milan Dalal | Managing Director | 13 Aug 2014 | 12 Years 2 Months | Current |
| Purav Pushkar Dalal Also directs: Bluetex Enterprise Private Limited | Director | 13 Aug 2014 | 12 Years 2 Months | Current |
Ownership and Shareholding of Blue Tex (I) 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 Blue Tex (I) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Oct 2025 | Hdfc Bank Limited | ₹4.9 Cr | Open |
| 04 Sep 2023 | Hdfc Bank Limited | ₹32 Lakh | Satisfied |
| 29 Apr 2021 | Others | ₹11.05 Lakh | Satisfied |
| 25 Feb 2020 | Hdfc Bank Limited | ₹99 Lakh | Satisfied |
| 06 Oct 2018 | Yes Bank Limited | ₹40 Lakh | Satisfied |
Total charge records: 7 View all charges
Deals & Funding of Blue Tex (I) Private Limited
Blue Tex (I) Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹121.46 Cr; the latest was in October 2021.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2021 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Nov 2016 | Funding round | ₹121.22 Cr | Investors: 4 individuals |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Blue Tex (I) Private Limited
Blue Tex (I) Private Limited has 4 court cases on record: 4 filed by Blue Tex (I). 1 case is pending and 3 are disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 2 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Commercial matter | Filed by the company against V. S. K. Synthetics Private Limited | Disposed |
| District court, SURAT, Gujarat | Court case (SMST R) | Filed by the company against an individual | Pending |
| High Court of Gujarat | Court case (COMP) | Filed by the company | Disposed |
| High Court of Gujarat | Commercial suit | Filed by the company | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Blue Tex (I) Private Limited
Blue Tex (I) Private Limited has 5 MSME Form 1 returns on record between 2019 and 2020, listing 41 overdue payments to 13 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 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Safex Electromech Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Tejan Engineering Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Blue Tex (I) Private Limited
Blue Tex (I) Private Limited has a workforce of 94 employees as of Mar 30, 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.
Recent Activity on Blue Tex (I) Private Limited
Blue Tex (I) Private Limited has 6 board changes on record since 2014: 4 appointments and 2 cessations. The latest: Milan Dalal ceased to be Director on 01 Nov 2017.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Blue Tex (I) 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.
Subsidiaries & Group Companies of Blue Tex (I) 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 Blue Tex (I) Private Limited
Blue Tex (I) has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCC7376R1ZX | Gujarat | Active | 01 Jul 2017 |
| 24AAFCC7376R2ZW | Gujarat | Active | 23 Apr 2025 |
| 08AAFCC7376R1ZR | Rajasthan | 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 Blue Tex (I) 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 Blue Tex (I) Private Limited
Blue Tex (I) is an active private limited company based in Ahmedabad, Gujarat, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 13 August 2014 (12+ years old) and is registered under CIN U24233GJ2014PTC080480.
Blue Tex (I) reported revenue of ₹116.1 Cr for FY 2025 (up 16% YoY).
Blue Tex (I) has 4 current directors:
- Pushkar Harivadan Dalal - Managing Director
- Milan Dalal - Managing Director
- Varun Milan Dalal - Director
- Purav Pushkar Dalal - Director
Blue Tex (I) reported a net profit of ₹26.88 Cr (net margin 23.2%) and EBITDA of ₹41.16 Cr (EBITDA margin 35.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Blue Tex (I) is 10% over three years and 12% over five years. In the latest year (FY 2025) revenue rose 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Blue Tex (I) is 24AAFCC7376R1ZX, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAFCC7376R2ZW (Gujarat), 08AAFCC7376R1ZR (Rajasthan).
The CIN (Corporate Identification Number) of Blue Tex (I) is U24233GJ2014PTC080480. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blue Tex (I) has 4 court cases on record: 4 filed by the company. 1 is pending. Most are in the high courts.
Blue Tex (I) was incorporated on 13 August 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Blue Tex (I) has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹121.46 Cr; the latest was in October 2021.
The peers of Blue Tex (I) by revenue are Pan Oleo Enterprise Private Limited, Greenglobe Fuel Solutions Private Limited, Gyanti Multiservices Private Limited, Emtici Engineering Limited, Apit Machinery Private Limited and 5 more, all in the Machinery and Equipment industry (Chemical Retail and Distribution, Industrial Products Manufacturers).
Milan Dalal ceased to be Director on 01 Nov 2017. Pushkar Harivadan Dalal ceased to be Director on 01 Nov 2017. Milan Dalal was appointed as Managing Director on 13 Aug 2014. Blue Tex (I) has 6 board changes on record in total.