India's Richest People 2026 edition · 1 director · Source: Hurun India
- #571 Vinodchandra Doshi & family ₹5,900 Cr
Revenue · FY 2024
₹1,481.56 Cr
▲ 23% YoY
Net profit · FY 2024
₹356.7 Cr
Net margin 24.1%
EBITDA · FY 2024
₹475.3 Cr
EBITDA margin 32.1%
Authorised capital
₹105 Cr
Registered with MCA
Paid-up capital
₹4.35 Cr
Issued & subscribed
Open charges
₹190.81 Cr
Satisfied ₹84.92 Cr
Company age
66 yrs
Est. 1960
Employees · EPFO
1,639
Provident fund records
About Echjay Industries Private Limited
Data last updated:
Echjay Industries Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 31 December 1960 and has been in existence for over 66 years.
Its director Vinodchandra Doshi and family are #571 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27200GJ1960PTC083236. Its GSTIN is 24AAACE1157B1ZE (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹105 Cr and a paid-up capital of ₹4.35 Cr. It was formerly known as Echjay Industries Limited. It is led by directors including Vinodchandra Harilal Doshi (Managing Director) and Jyotiben Vinodchandra Doshi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Lalpari Lake Road, Rajkot, Gujarat, India – 360003.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,481.56 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹356.7 Cr (net margin 24.1%) and EBITDA of ₹475.3 Cr (EBITDA margin 32.1%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 8% over five years.
The company has about 1,639 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Echjay Industries. As per MCA filings, the company has open charges of ₹190.81 Cr and satisfied charges of ₹84.92 Cr on record. Court records list 281 cases involving the company, including 113 filed by the company and 168 filed against it; 26 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹99.32 Cr; the latest was in March 2021. Its 5 peer companies in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 2 smaller; the largest is Kutch Copper Limited with revenue of ₹2,478.59 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website echjayindustries.com.
Company details
CIN U27200GJ1960PTC083236
Registration Number 083236
Incorporation Date 31 December 1960
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
CIN history
Echjay Industries has one previous CIN (Corporate Identification Number): U27200MH1960PTC011912. The current CIN is U27200GJ1960PTC083236, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27200GJ1960PTC083236 | Current |
| U27200MH1960PTC011912 | Previous |
Key People
Vinodchandra Harilal Doshi Managing Director Jyotiben Vinodchandra Doshi Director Deven Vinodchandra Doshi Director Recognitions & Rankings of Echjay Industries
Contact details
Echjay Industries Private Limited's registered office is in Rajkot, Gujarat. Its website is echjayindustries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressLalpari Lake Road, Rajkot, Gujarat, India – 360003
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Echjay Industries Private Limited, buy the company report.
Comprehensive company report
Echjay Industries 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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Brands
Echjay Industries operates one associated brand: Echjay Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel forgings are manufactured for industrial applications by Echjay Industries. | echjayindustries.com |
Business activity
The main business activity of Echjay Industries is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Echjay Industries Private Limited, buy the company report.
Financials of Echjay Industries Private Limited
FY 2024 filings availableEchjay Industries Private Limited reported revenue of ₹1,481.56 Cr (up 23% YoY) for FY 2024.
Revenue · FY 2024
₹1,481.56 Cr ▲ 23%
Net profit · FY 2024
₹356.7 Cr margin 24.1%
EBITDA · FY 2024
₹475.3 Cr margin 32.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 23%
3 years · compounded
▲ 30%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 72%
3 years · compounded
▲ 32%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 23% growth in the latest year. EBITDA rose 72% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹475.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹356.7 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.1% | ||||
| Net Profit Margin | 24.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Echjay Industries Private Limited, buy the company report.
Board of directors of Echjay Industries Private Limited
Echjay Industries has 7 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyotiben Vinodchandra Doshi Also directs: Echjay Chem Impex Private Limited | Director | 01 Apr 1991 | 35 Years 6 Months | Current |
| Deven Vinodchandra Doshi | Director | 29 Sep 1986 | 40 Years 0 Months | Current |
| Paras Vinodchandra Doshi | Director | 28 May 1992 | 34 Years 4 Months | Current |
| Vinodchandra Harilal Doshi | Managing Director | 31 Dec 1960 | 65 Years 9 Months | Current |
| Amita Vinodchandra Doshi | Director | 01 Apr 1991 | 35 Years 6 Months | Current |
| Mihir Deven Doshi | Additional Director | 01 Feb 2024 | 2 Years 8 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Echjay Industries Private Limited is compared with the 5 companies closest to it by revenue in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kutch Copper Limited | ₹2,478.59 Cr (FY 2025) | 11720.0% | Ahmedabad, Gujarat, India | |||
| Nandan Steels and Power Limited | ₹2,162.85 Cr (FY 2024) | 58.0% | Raipur, Chhattisgarh, India | |||
| Sanvijay Rolling and Engineering Limited | ₹2,086.68 Cr (FY 2025) | 19.0% | Nagpur, Maharashtra, India | |||
| Echjay Industries Private Limitedthis company | ₹1,481.56 Cr (FY 2024) | ₹356.7 Cr | 24.1% | 23.0% | 1,639 | Rajkot, Gujarat, India |
| Interarch Building Solutions Limited | ₹1,474.48 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| Mitc Rolling Mills Private Limited | ₹1,236.94 Cr (FY 2025) | 27.0% | Nashik, Maharashtra, India |
To see the full peer comparison of Echjay Industries Private Limited, buy the company report.
Auditor
Echjay Industries Private Limited is audited by RSVA & CO.CHARTERED ACCOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RSVA & CO.CHARTERED ACCOUNTANTS | FY 2023 | 110504W |
Shareholding
The shareholding of Echjay Industries Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Echjay Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹190.81 Cr
Satisfied charges
₹84.92 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2025 | 101182537 | Others | ₹150 Cr | Open | |
| 16 Sep 2023 | 100805235 | Bank of India | ₹19 Cr | Open | |
| 15 Feb 1993 | 90217652 | Industrial Development Bank of India | ₹3.2 Cr | Open | |
| 22 Mar 1991 | 90217496 | Bank of India | ₹15.49 Cr | Open | |
| 28 Sep 1984 | 90216947 | The Industrial Development Bank of India | ₹16 Lakh | Open |
To see the full charge records of Echjay Industries Private Limited, buy the company report.
Total charge records: 46 View all charges
Deals & funding
Echjay Industries Private Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹99.32 Cr; the latest was in March 2021.
Total deals
6
Secondary share transfers
5
Funding round
1
Disclosed funding
₹99.32 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Deven Doshi Family Trust, Jyoti Doshi Family Trust, Paras Doshi Family Trust Seller: 4 individuals |
| Nov 2016 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Samarath Doshi Investment Company Private Limited, Harimahavin Investment Company Private Limited, Vinodchandra Doshi Investment Company Private Limited |
| Dec 2010 | Secondary share transfer | Undisclosed | Seller: Vinodchandra Doshi Investment Company Private Limited , Harimahavin Investment Company Private Limited, V H Doshi & Sons Investment Company Private Limited |
To see the full deal history of Echjay Industries Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Echjay Industries Private Limited has 281 court cases on record: 113 filed by Echjay Industries, 168 filed against it. 26 cases are pending and 255 are disposed.
Total cases
281
Filed by the company
113
Filed against the company
168
Pending
26
Disposed
255
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 169 | 127 | 17 |
| High courts | 108 | 38 | 8 |
| Supreme Court | 4 | 3 | 1 |
Cases on record (5 of 281)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed against the company by Godrej Projects Development Limited | Pending |
| High Court of Punjab and Haryana | Court case (RERA-APPL) | Filed against the company by M/S Ireo Grace Realtech Pvt. Ltd. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Electromech Material Handling Systems India Pvt Ltd Through Mr Tushar Vinayak Mehendale | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Electromech Material Handling Systems India Pvt Ltd Through Mr Tushar Vinayak Mehendale | Disposed |
| District court, Faridabad, Haryana | Court case (C S) | Filed against the company by M/S Pushp Ventures India Pvt Ltd | Disposed |
To see the full case history of Echjay Industries Private Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Echjay Industries Private Limited was last rated by Crisil on 28 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 May 2020 |
To see the full credit ratings and regulatory alerts of Echjay Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Echjay Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Echjay Industries has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Echjay Alloy and Special Steel Private Limited | U27101MH1985PTC035285 | |
| Palanpur Engineering and Fabrications Ltd | U28900MH1987PLC042139 | |
| Dreamscapes Properties Private Limited | U45400MH2008PTC179050 |
To see the full group structure of Echjay Industries Private Limited, buy the company report.
Employees & EPFO
Echjay Industries Private Limited has a workforce of 1,639 employees on its EPFO records as of Mar 28, 2024, across 3 active EPFO establishments.
Employee count
1,639
Active EPFO establishments
3
Employee growth
1.49%
GST
Echjay Industries has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACE1157B1ZE | Gujarat | Active | 01 Jul 2017 |
| 27AAACE1157B1Z8 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Echjay Industries Private Limited, buy the company report.
Recent activity
Echjay Industries Private Limited has 7 board changes on record since 1960: 7 appointments. The latest: Mihir Deven Doshi was appointed as Additional Director on 01 Feb 2024.
Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 101182537 was registered on 30 Sep 2025.
AGM
Echjay Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Echjay Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Appointed
Mihir Deven Doshi was appointed as Additional Director.
Charges
A charge with Bank Of India amounted to Rs. 19.00 Cr with Charge ID 100805235 was registered on 16 Sep 2023.
Appointed
Nikita Paras Doshi was appointed as Additional Director.
Charges
A charge registered on 02 Sep 2006 via Charge ID 10019751 with State Bank Of India was fully satisfied on 08 Aug 2014.
Charges
A charge registered on 21 Aug 1985 via Charge ID 90217006 with Bank Of India was fully satisfied on 25 Oct 2013.
Charges
A charge registered on 15 May 1973 via Charge ID 90219243 with Bank Of India was fully satisfied on 25 Oct 2013.
Charges
A charge registered on 16 Aug 1971 via Charge ID 90219873 with Bank Of India was fully satisfied on 25 Oct 2013.
Charges
A charge registered on 08 Dec 1969 via Charge ID 90219218 with Bank Of India was fully satisfied on 25 Oct 2013.
Charges
A charge registered on 24 Oct 1989 via Charge ID 90219474 with The Saraswat Co Op Bank Ltd was fully satisfied on 30 Sep 2013.
88 earlier events are in the company report.
Frequently asked questions
Echjay Industries is an active private limited company based in Rajkot, Gujarat, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 31 December 1960 (66+ years old) and is registered under CIN U27200GJ1960PTC083236.
Echjay Industries has 7 current directors:
- Vinodchandra Harilal Doshi - Managing Director
- Jyotiben Vinodchandra Doshi - Director
- Deven Vinodchandra Doshi - Director
- Paras Vinodchandra Doshi - Director
- Amita Vinodchandra Doshi - Director
- Mihir Deven Doshi - Additional Director
- Nikita Paras Doshi - Additional Director
The latest financial statements of Echjay Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Echjay Industries is 24AAACE1157B1ZE, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACE1157B1Z8 (Maharashtra).
The CIN (Corporate Identification Number) of Echjay Industries is U27200GJ1960PTC083236. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Echjay Industries has 281 court cases on record: 113 filed by the company and 168 filed against it. 26 are pending. Most are in the district courts.
Echjay Industries was incorporated on 31 December 1960, making it 66+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Echjay Industries has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹99.32 Cr; the latest was in March 2021.
The peers of Echjay Industries by revenue are Kutch Copper Limited, Nandan Steels and Power Limited, Sanvijay Rolling and Engineering Limited, Interarch Building Solutions Limited, Mitc Rolling Mills Private Limited, all in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products).
Mihir Deven Doshi was appointed as Additional Director on 01 Feb 2024. Nikita Paras Doshi was appointed as Additional Director on 03 Jan 2022. Paras Vinodchandra Doshi was appointed as Director on 28 May 1992. Echjay Industries has 7 board changes on record in total.
Echjay Industries can be reached through the website echjayindustries.com. Its registered office is in Rajkot, Gujarat, India.