MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-32-0019070
Corus Vitrified Private Limited
Corus Vitrified Private Limited - manufacturing in Morbi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹90.23 Cr
▼ 37% YoY
Net profit · FY 2024
₹63.4 Lakh
Net margin 0.7%
EBITDA · FY 2024
₹4.23 Cr
EBITDA margin 4.7%
Authorised capital
₹18.5 Cr
Registered with MCA
Paid-up capital
₹18.27 Cr
Issued & subscribed
Open charges
₹45.56 Cr
Satisfied ₹7.1 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
11
Provident fund records
About Corus Vitrified Private Limited
Data last updated:
Corus Vitrified 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 06 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ2011PTC064813. Its GSTIN is 24AAECC3548E1ZZ (Gujarat).
The company has an authorised share capital of ₹18.5 Cr and a paid-up capital of ₹18.27 Cr. It is led by directors Sunil Virjibhai Bhalodiya and Shaileshbhai Devshibhai Bhalodiya.
Its last annual general meeting (AGM) was held on 23 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Morbi, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹90.23 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹63.4 Lakh (net margin 0.7%) and EBITDA of ₹4.23 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 28% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹45.56 Cr and satisfied charges of ₹7.1 Cr on record. Court records list 23 cases involving the company, including 1 filed by the company and 21 filed against it; 15 cases are pending. The company has 10 deals on record (5 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹8.99 Cr; the latest was in January 2021. Its 10 peer companies in the Manufacturing industry (Ceramics, Sanitaryware and Tiles) are compared by revenue, 5 larger and 5 smaller; the largest is Conor Granito Private Limited with revenue of ₹91.73 Cr.
Corus Vitrified Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0019070). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Corus Vitrified Private Limited
CIN U26933GJ2011PTC064813
Registration Number 064813
Incorporation Date 06 April 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-32-0019070
Recognitions & Rankings of Corus Vitrified
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address8 – A National Highway Sartanpar Road Survey No. 79 Tal. Wankaner Dist. Rajko, T, Morbi, Gujarat, India – 363650
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
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Business Activity of Corus Vitrified Private Limited
The main business activities of Corus Vitrified are trade and manufacturing. In detail, this covers wholesale trading and plastic products, non-metallic mineral products, rubber products, fabricated metal products. 2 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 | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Corus Vitrified Private Limited FY 2024 filings available
Corus Vitrified Private Limited reported revenue of ₹90.23 Cr (down 37% YoY) for FY 2024.
Revenue · FY 2024
₹90.23 Cr ▼ 37%
Net profit · FY 2024
₹63.4 Lakh margin 0.7%
EBITDA · FY 2024
₹4.23 Cr margin 4.7%
Compounded Annual Growth Rate (CAGR) of Corus Vitrified Private Limited
Revenue CAGR growth
1 year
▼ 37%
3 years · compounded
▲ 27%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▼ 11%
3 years · compounded
▼ 9%
5 years · compounded
▲ 38%
Revenue fell 37% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 28%. EBITDA fell 11% 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 Corus Vitrified Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹4.23 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹63.4 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 of Corus Vitrified Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.7% | •••• | •••• | •••• | •••• |
| 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 Corus Vitrified are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Corus Vitrified Private Limited
Corus Vitrified has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Virjibhai Bhalodiya Also directs: Comet Granito Private Limited | Director | 07 May 2020 | 6 Years 5 Months | Current |
| Shaileshbhai Devshibhai Bhalodiya | Director | 07 May 2020 | 6 Years 5 Months | Current |
Peer Comparison of Corus Vitrified Private Limited
Corus Vitrified Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Conor Granito Private Limited | ₹91.73 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Gujarat, India |
| Tocco Ceramic Private Limited | ₹91.26 Cr (FY 2023) | •••• | •••• | -20.0% | •••• | |
| Coral Granito Private Limited | ₹90.4 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Lalpar, Gujarat, India |
| Nucera Tiles Private Limited | ₹90.33 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Ahmedabad, Gujarat, India |
| Skajen Vitrified Private Limited | ₹90.3 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Haripar, Gujarat, India |
| Corus Vitrified Private Limited this company | ₹90.23 Cr (FY 2024) | •••• | •••• | -37.0% | •••• | Morbi, Gujarat, India |
| Sunshine Vitrious Tiles Private Limited | ₹88.04 Cr (FY 2025) | •••• | •••• | -39.0% | •••• | Wankaner, Gujarat, India |
| Aapt Distribution Private Limited | ₹87.81 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Chennai, Tamil Nadu, India |
| Solizo Vitrified Private Limited | ₹87.65 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Morbi, Gujarat, India |
| Sarju Vitrified Private Limited | ₹87.13 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Morbi, Gujarat, India |
| Color Tiles Private Limited | ₹86.08 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Wankaner, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Corus Vitrified by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), 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 Corus Vitrified Private Limited
Corus Vitrified Private Limited is audited by S. SHARDA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. SHARDA & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Corus Vitrified Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Corus Vitrified Private Limited
Open charges
₹45.56 Cr
Satisfied charges
₹7.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Mar 2021 | Others | ₹22.78 Cr | Open |
| 25 Mar 2021 | Others | ₹22.78 Cr | Open |
| 13 Sep 2011 | Others | ₹7.1 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Corus Vitrified Private Limited
Corus Vitrified Private Limited has 10 deals on record (5 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹8.99 Cr; the latest was in January 2021.
Total deals
10
Secondary share transfers
5
Funding rounds
3
Rights issues
2
Disclosed funding
₹8.99 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Dec 2020 | Rights issue | ₹10.5 Cr | Investors: Comet Granito Private Limited , 3 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2012 | Funding round | ₹2.25 Cr | Investors: Allied Barter Private Limited , Saphire Developers Private Limited , Suman Enclave Private Limited |
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Full deal history
All 10 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Corus Vitrified Private Limited
Corus Vitrified Private Limited has 23 court cases on record: 1 filed by Corus Vitrified, 21 filed against it, 1 where it is another party. 15 cases are pending and 8 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Total cases
23
Filed by the company
1
Filed against the company
21
Pending
15
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 15 | 10 |
| NCLAT | 5 | 5 | 5 |
| High courts | 3 | 1 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Belgium Glass and Ceramics Private Limited | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Belgium Glass and Ceramics Private Limited | Disposed |
| District court, MORBI, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
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Full case history
All 23 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Corus Vitrified Private Limited
Corus Vitrified Private Limited has a workforce of 11 employees as of Apr 08, 2024.
Employee count
11
Active EPFO establishments
1
Employee growth
-21.43%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Corus Vitrified Private Limited
Corus Vitrified Private Limited has 14 board changes on record since 2011: 8 appointments and 6 cessations. The latest: Manoj Harshadrai Lotia ceased to be Company Secretary on 31 Jul 2023.
AGM
Corus Vitrified Private Limited last Annual general meeting of members was held on 23 Sep 2024 as per latest MCA records.
Filing
Corus Vitrified Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Manoj Harshadrai Lotia ceased to be Company Secretary.
Charges
A charge with Others of Rs. 22.78 Cr registered on 25 Mar 2021 with Charge ID 100434048 was modified on 04 Mar 2022.
Charges
A charge with Others of Rs. 22.78 Cr registered on 25 Mar 2021 with Charge ID 100434049 was modified on 04 Mar 2022.
Appointed
Manoj Harshadrai Lotia was appointed as Company Secretary.
Charges
A charge with Others amounted to Rs. 22.78 Cr with Charge ID 100434048 was registered on 25 Mar 2021.
Charges
A charge with Others amounted to Rs. 22.78 Cr with Charge ID 100434049 was registered on 25 Mar 2021.
Ceased
Bhavikkumar Bhimjibhai Bhalodia ceased to be Director.
Ceased
Bhimjibhai Vasrambhai Bhalodia ceased to be Director.
Ceased
Ramniklal Chhaganbhai Detharia ceased to be Director.
Appointed
Shaileshbhai Devshibhai Bhalodiya was appointed as Director.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Corus Vitrified Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Corus Vitrified Private Limited
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Subsidiaries & Group Companies of Corus Vitrified Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Corus Vitrified Private Limited
Corus Vitrified has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECC3548E1ZZ | Gujarat | Active | 01 Jul 2017 |
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GST registrations and filing compliance
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MCA Filings & Documents of Corus Vitrified Private Limited
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MCA filings and documents
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Frequently Asked Questions about Corus Vitrified Private Limited
Corus Vitrified 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 06 April 2011 (15+ years old) and is registered under CIN U26933GJ2011PTC064813.
Corus Vitrified reported revenue of ₹90.23 Cr for FY 2024 (down 37% YoY).
Corus Vitrified has 2 current directors:
- Sunil Virjibhai Bhalodiya - Director
- Shaileshbhai Devshibhai Bhalodiya - Director
Corus Vitrified reported a net profit of ₹63.4 Lakh (net margin 0.7%) and EBITDA of ₹4.23 Cr (EBITDA margin 4.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Corus Vitrified is 27% over three years and 28% over five years. In the latest year (FY 2024) revenue fell 37%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Corus Vitrified is 24AAECC3548E1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Corus Vitrified is U26933GJ2011PTC064813. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Corus Vitrified has 23 court cases on record: 1 filed by the company and 21 filed against it. 15 are pending. Most are in the district courts.
Corus Vitrified was incorporated on 06 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Corus Vitrified has 10 deals on record (5 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹8.99 Cr; the latest was in January 2021.
The peers of Corus Vitrified by revenue are Conor Granito Private Limited, Tocco Ceramic Private Limited, Coral Granito Private Limited, Nucera Tiles Private Limited, Skajen Vitrified Private Limited and 5 more, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles).