DPIIT recognised startup Government of India
Startup India
Dolphy India Private Limited - consumer goods in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹78.88 Cr
▲ 26% YoY
Net profit · FY 2025
₹5.2 Cr
Net margin 6.6%
EBITDA · FY 2025
₹7.76 Cr
EBITDA margin 9.8%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹2.5 Lakh
Issued & subscribed
Open charges
₹7 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
127
Provident fund records
About Dolphy India Private Limited
Data last updated:
Dolphy India Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 23 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2017PTC096459. Its GSTIN is 24AAGCD0925N1ZM (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹2.5 Lakh. It is led by directors including Bhagirath Himmatbhai Sorathiya (Managing Director) and Hardik Babubhai Sorathiya.
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 Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹78.88 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹5.2 Cr (net margin 6.6%) and EBITDA of ₹7.76 Cr (EBITDA margin 9.8%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 61% over five years.
The company has about 127 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending.
Dolphy India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0020430). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dolphy.in.
Company Details of Dolphy India Private Limited
CIN U51909GJ2017PTC096459
Registration Number 096459
Incorporation Date 23 March 2017
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
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0020430
Key People
Bhagirath Himmatbhai Sorathiya Managing Director Hardik Babubhai Sorathiya Director Bhavitaben Bhagirath Sorathiya Director Recognitions & Rankings of Dolphy India
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-22-0020430
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No. 1201 1202 1203 Building No. A Wing – B, Swastik Universal Rundh, Surat, Gujarat, India – 395007
- IndustryConsumer Goods, Home Furnishings Manufacturing
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Business Activity of Dolphy India Private Limited
The main business activity of Dolphy India is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Dolphy India Private Limited FY 2025 filings available
Dolphy India Private Limited reported revenue of ₹78.88 Cr (up 26% YoY) for FY 2025.
Revenue · FY 2025
₹78.88 Cr ▲ 26%
Net profit · FY 2025
₹5.2 Cr margin 6.6%
EBITDA · FY 2025
₹7.76 Cr margin 9.8%
Compounded Annual Growth Rate (CAGR) of Dolphy India Private Limited
Revenue CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 54%
5 years · compounded
▲ 61%
EBITDA CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 30%
5 years · compounded
▲ 89%
Revenue has grown at a compounded annual rate (CAGR) of 61% over five years, including 26% growth in the latest year. EBITDA rose 36% 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 Dolphy India 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 | ₹7.76 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.2 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 Dolphy India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| 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 Dolphy India are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
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Board of Directors of Dolphy India Private Limited
Dolphy India has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hardik Babubhai Sorathiya | Director | 23 Mar 2017 | 9 Years 6 Months | Current |
| Bhavitaben Bhagirath Sorathiya | Director | 19 Apr 2017 | 9 Years 6 Months | Current |
| Yogeshkumar Gordhanbhai Mandani | Director | 19 Apr 2017 | 9 Years 6 Months | Current |
| Bhagirath Himmatbhai Sorathiya | Managing Director | 23 Mar 2017 | 9 Years 6 Months | Current |
Peer Comparison of Dolphy India Private Limited
Dolphy India Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (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 |
|---|---|---|---|---|---|---|
| Super Castings (Bombay) Private Limited | ₹79.61 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
| Uila Power Private Limited | ₹79.54 Cr (FY 2025) | •••• | •••• | 491.0% | •••• | Gurgaon, Haryana, India |
| Anawil Wire and Engineering Limited | ₹79.4 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Pardi, Gujarat, India |
| Rekofa Forge Private Limited | ₹79.2 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Ludhiana, Punjab, India |
| M.R.Organisation Limited | ₹79.2 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Ahmedabad, Gujarat, India |
| Dolphy India Private Limited this company | ₹78.88 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Surat, Gujarat, India |
| Galaxy Sivtek Private Limited | ₹78.73 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Geo Miller & Company Private Limited (Trans.W.B.To Delhi ) | ₹78.5 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | New Delhi, Delhi, India |
| Reynold India Private Limited | ₹78.28 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Ecomak Systems Private Limited | ₹78.24 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Pune, Maharashtra, India |
| P P Tube Mills Mfging Co Private Limited | ₹78 Cr (FY 2025) | •••• | •••• | 183.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Dolphy India by revenue in the Machinery and Equipment industry (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 Dolphy India Private Limited
Dolphy India Private Limited is audited by SBMG AND CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SBMG AND CO | 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 Dolphy India 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 Dolphy India Private Limited
Open charges
₹7 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Sep 2022 | Axis Bank Limited | ₹7 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Dolphy India Private Limited
Dolphy India Private Limited has 3 court cases on record: 2 filed by Dolphy India, 1 filed against it. 1 case is pending and 2 are disposed. Status as checked between 29 Sep 2026 and 02 Oct 2026.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Court case (CR EN) | Filed against the company by Bureau of India Standards Deputy Director of Swapnil | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| High Court of Kerala | Court case (MACA) | Filed by the company against United India Isurance Company Ltd | Disposed |
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Full case history
All 3 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 Dolphy India Private Limited
Dolphy India Private Limited has a workforce of 127 employees as of Apr 07, 2024.
Employee count
127
Active EPFO establishments
1
Employee growth
284.85%
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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 Dolphy India Private Limited
Dolphy India Private Limited has 6 board changes on record since 2017: 4 appointments and 2 cessations. The latest: Bhavitaben Bhagirath Sorathiya ceased to be Additional Director on 26 Dec 2018.
AGM
Dolphy India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Dolphy India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Axis Bank Limited of Rs. 700.00 Lakh registered on 27 Sep 2022 with Charge ID 100624825 was modified on 13 Dec 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 700.00 Lakh with Charge ID 100624825 was registered on 27 Sep 2022.
Ceased
Bhavitaben Bhagirath Sorathiya ceased to be Additional Director.
Ceased
Yogeshkumar Gordhanbhai Mandani ceased to be Additional Director.
Appointed
Bhavitaben Bhagirath Sorathiya was appointed as Director.
Appointed
Yogeshkumar Gordhanbhai Mandani was appointed as Director.
Appointed
Bhagirath Himmatbhai Sorathiya was appointed as Managing Director.
Appointed
Hardik Babubhai Sorathiya was appointed as Director.
Incorporation
23 Mar 2017
Dolphy India Private Limited was registered on 23 Mar 2017 with Roc Ahmedabad & aged 9 years 6 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Dolphy India Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Dolphy India Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Dolphy India 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 Dolphy India Private Limited
Dolphy India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCD0925N1ZM | Gujarat | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Dolphy India Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Dolphy India Private Limited
Dolphy India is an active private limited company based in Surat, Gujarat, India. The company works in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 23 March 2017 (9+ years old) and is registered under CIN U51909GJ2017PTC096459.
Dolphy India reported revenue of ₹78.88 Cr for FY 2025 (up 26% YoY).
Dolphy India has 4 current directors:
- Bhagirath Himmatbhai Sorathiya - Managing Director
- Hardik Babubhai Sorathiya - Director
- Bhavitaben Bhagirath Sorathiya - Director
- Yogeshkumar Gordhanbhai Mandani - Director
Dolphy India reported a net profit of ₹5.2 Cr (net margin 6.6%) and EBITDA of ₹7.76 Cr (EBITDA margin 9.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Dolphy India is 54% over three years and 61% over five years. In the latest year (FY 2025) revenue rose 26%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Dolphy India is 24AAGCD0925N1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Dolphy India is U51909GJ2017PTC096459. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dolphy India has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Dolphy India was incorporated on 23 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Dolphy India by revenue are Super Castings (Bombay) Private Limited, Uila Power Private Limited, Anawil Wire and Engineering Limited, Rekofa Forge Private Limited, M.R.Organisation Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Bhavitaben Bhagirath Sorathiya ceased to be Additional Director on 26 Dec 2018. Yogeshkumar Gordhanbhai Mandani ceased to be Additional Director on 26 Dec 2018. Bhavitaben Bhagirath Sorathiya was appointed as Director on 19 Apr 2017. Dolphy India has 6 board changes on record in total.