MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-06-0008515
Covalent Gastech Private Limited - machinery and equipment in Bharuch, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.17 Cr
▲ 17% YoY
Net profit · FY 2025
₹5.08 Lakh
Net margin 1.6%
EBITDA · FY 2025
₹46.52 Lakh
EBITDA margin 14.7%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹2.25 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
7
Provident fund records
About Covalent Gastech Private Limited
Data last updated:
Covalent Gastech Private Limited is a private limited company based in Bharuch, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 24 June 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29309GJ2021PTC123546. Its GSTIN is 24AAJCC5672J1ZE (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rakesh Shivlal Vekariya and Ketan Shivlal Vekariya.
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 R S 189 Kharchi Road Village Mulad Tal. Jhagadiya, Bharuch, Gujarat, India – 393110.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.17 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹5.08 Lakh (net margin 1.6%) and EBITDA of ₹46.52 Lakh (EBITDA margin 14.7%). Revenue has grown at a compounded annual rate (CAGR) of 127% over three years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.25 Cr on record.
Covalent Gastech Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-06-0008515). For more details, the company can be reached via its website cgpl.co.in.
Company details
CIN U29309GJ2021PTC123546
Registration Number 123546
Incorporation Date 24 June 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-GJ-06-0008515
Key People
Rakesh Shivlal Vekariya Director Ketan Shivlal Vekariya Director Jaydeep Vitthalbhai Pipaliya Director Recognitions & Rankings of Covalent Gastech
Contact details
Covalent Gastech Private Limited's registered office is in Bharuch, Gujarat. Its website is cgpl.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressR S 189 Kharchi Road Village Mulad Tal. Jhagadiya, Bharuch, Gujarat, India – 393110
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Covalent Gastech Private Limited, buy the company report.
Comprehensive company report
Covalent Gastech 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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Business activity
The main business activity of Covalent Gastech is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Covalent Gastech Private Limited, buy the company report.
Financials of Covalent Gastech Private Limited
FY 2025 filings availableCovalent Gastech Private Limited reported revenue of ₹3.17 Cr (up 17% YoY) for FY 2025.
Revenue · FY 2025
₹3.17 Cr ▲ 17%
Net profit · FY 2025
₹5.08 Lakh margin 1.6%
EBITDA · FY 2025
₹46.52 Lakh margin 14.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 127%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 123%
Revenue has grown at a compounded annual rate (CAGR) of 127% over three years, including 17% growth in the latest year. EBITDA rose 7% 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 |
|---|---|---|---|---|
| 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 | ₹46.52 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5.08 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 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 14.7% | |||
| Net Profit Margin | 1.6% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
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| 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 Covalent Gastech Private Limited, buy the company report.
Board of directors of Covalent Gastech Private Limited
Covalent Gastech has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Shivlal Vekariya | Director | 24 Jun 2021 | 5 Years 4 Months | Current |
| Ketan Shivlal Vekariya | Director | 24 Jun 2021 | 5 Years 4 Months | Current |
| Jaydeep Vitthalbhai Pipaliya | Director | 21 Mar 2023 | 3 Years 7 Months | Current |
Charges & borrowings
Open charges
₹2.25 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jan 2022 | 100534384 | Hdfc Bank Limited | ₹2.25 Cr | Open |
To see the full charge records of Covalent Gastech Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Covalent Gastech Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Covalent Gastech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Covalent Gastech Private Limited has a workforce of 7 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Employee growth
-12.5%
GST
Covalent Gastech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCC5672J1ZE | Gujarat | Active | 28 Jun 2021 |
To see the full GST registrations and return filing status of Covalent Gastech Private Limited, buy the company report.
Recent activity
Covalent Gastech Private Limited has 3 board changes on record since 2021: 3 appointments. The latest: Jaydeep Vitthalbhai Pipaliya was appointed as Director on 21 Mar 2023.
AGM
Covalent Gastech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Covalent Gastech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 225.00 Lakh registered on 10 Jan 2022 with Charge ID 100534384 was modified on 19 Apr 2024.
Appointed
Jaydeep Vitthalbhai Pipaliya was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 225.00 Lakh with Charge ID 100534384 was registered on 10 Jan 2022.
Appointed
Ketan Shivlal Vekariya was appointed as Director.
Appointed
Rakesh Shivlal Vekariya was appointed as Director.
Incorporation
24 Jun 2021
Covalent Gastech Private Limited was registered on 24 Jun 2021 with Roc Ahmedabad & aged 5 years 4 months as per MCA records.
Frequently asked questions
Covalent Gastech is an active private limited company based in Bharuch, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 24 June 2021 (5+ years old) and is registered under CIN U29309GJ2021PTC123546.
Covalent Gastech has 3 current directors:
- Rakesh Shivlal Vekariya - Director
- Ketan Shivlal Vekariya - Director
- Jaydeep Vitthalbhai Pipaliya - Director
The latest financial statements of Covalent Gastech 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 2022 are in the company report.
The GSTIN of Covalent Gastech is 24AAJCC5672J1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Covalent Gastech is U29309GJ2021PTC123546. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Covalent Gastech was incorporated on 24 June 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jaydeep Vitthalbhai Pipaliya was appointed as Director on 21 Mar 2023. Ketan Shivlal Vekariya was appointed as Director on 24 Jun 2021. Rakesh Shivlal Vekariya was appointed as Director on 24 Jun 2021.
Yes, Covalent Gastech is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-06-0008515).
Covalent Gastech can be reached through the website cgpl.co.in. Its registered office is in Bharuch, Gujarat, India.
The registered office of Covalent Gastech is at R S 189 Kharchi Road Village Mulad Tal. Jhagadiya, Bharuch, Gujarat, India – 393110.
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