About Ecostic Private Limited
Data last updated:
Ecostic Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the home furnishings and accessories retail segment of the home and lifestyle products sector. It was incorporated on 12 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21099GJ2011PTC067795. Its GSTIN is 24AACCE8665L1Z8 (Gujarat).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹11.49 Lakh. It is led by directors including Viren Mahendrabhai Pancholi and Parth Virenkumar Pancholi.
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 1 New Anupama Flats Behind Oxford Towers Opp. Gurukul Memnagar, Ahmedabad, Gujarat, India – 380052.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.25 Cr, a growth of 100% compared to the previous year. For the same year it recorded a net profit of ₹14.83 Lakh (net margin 11.9%) and EBITDA of ₹25.17 Lakh (EBITDA margin 20.1%). Revenue has grown at a compounded annual rate (CAGR) of 77% over three years and 44% over five years.
As per MCA filings, the company has open charges of ₹49 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ecostic.co.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address1 New Anupama Flats Behind Oxford Towers Opp. Gurukul Memnagar, Ahmedabad, Gujarat, India – 380052
- IndustryHome & Lifestyle, Home Furnishings & Accessories 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 Ecostic Private Limited
The main business activity of Ecostic is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | 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 Ecostic Private Limited FY 2024 filings available
Ecostic Private Limited reported revenue of ₹1.25 Cr (up 100% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ecostic Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 100% growth in the latest year. EBITDA rose 242% 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 Ecostic 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 | ₹25.17 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.83 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 Ecostic Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.9% | •••• | •••• | •••• | •••• |
| 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 Ecostic 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 Ecostic Private Limited
Ecostic Private Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Professional Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Planet Analysis Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | 64.0% | •••• | Kanpur, Uttar Pradesh, India |
| Deo Volente Communications Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | 1956.0% | •••• | New Delhi, Delhi, India |
| Genesis Evaluations Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | Palakkad, Kerala, India |
| Tattvam Media Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Jaipur, Rajasthan, India |
| Progresso Research and Analytics Private Limited | ₹1.25 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Gurgaon, Haryana, India |
| Ecostic Private Limited this company | ₹1.25 Cr (FY 2024) | •••• | •••• | 100.0% | •••• | Ahmedabad, Gujarat, India |
| JSR Works Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | New Delhi, Delhi, India |
| Knowledge Bridge Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | -69.0% | •••• | Mumbai, Maharashtra, India |
| Visahq Services India Private Limited | ₹1.25 Cr (FY 2019) | •••• | •••• | -12.0% | •••• | New Delhi, Delhi, India |
| D V G Laboratories and Consultants Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Gurgaon, Haryana, India |
| Vctip Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Ecostic by revenue in the Consumer Services industry (Professional Services), 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 Ecostic Private Limited
Ecostic Private Limited is audited by B K CHAVDA & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B K CHAVDA & 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 Ecostic Private Limited
Ecostic has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viren Mahendrabhai Pancholi Also directs: Jagnath Motel and Resort Private Limited | Director | 12 Nov 2011 | 14 Years 10 Months | Current |
| Parth Virenkumar Pancholi Also directs: Xyco Labs Private Limited | Director | 12 Nov 2011 | 14 Years 10 Months | Current |
| Jignesh Pravinchandra Sanghavi | Director | 29 Apr 2021 | 5 Years 5 Months | Current |
Ownership and Shareholding of Ecostic 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 Ecostic Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Oct 2020 | Bank of India | ₹5.5 Lakh | Open |
| 04 Oct 2016 | Bank of India | ₹43.5 Lakh | Open |
Total charge records: 2 View all charges
Legal Cases of Ecostic Private Limited
Ecostic Private Limited has 1 court case on record: 1 filed by Ecostic. All case is disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Execution petition | Filed by the company against an individual | Disposed |
Full case history
All 1 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.
Employees and EPFO Compliance at Ecostic Private Limited
Employment history and EPFO contributions of people linked to Ecostic.
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 Ecostic Private Limited
Ecostic Private Limited has 3 board changes on record since 2011: 3 appointments. The latest: Jignesh Pravinchandra Sanghavi was appointed as Director on 29 Apr 2021.
Credit Ratings, Litigation & Regulatory Alerts for Ecostic 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.
MSME Payment Delays by Ecostic Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ecostic 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 Ecostic Private Limited
Ecostic has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCE8665L1Z8 | Gujarat | 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 Ecostic 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 Ecostic Private Limited
Ecostic is an active private limited company based in Ahmedabad, Gujarat, India. The company works in home furnishings and accessories retail, within the home and lifestyle industry. It was incorporated on 12 November 2011 (15+ years old) and is registered under CIN U21099GJ2011PTC067795.
Ecostic reported revenue of ₹1.25 Cr for FY 2024 (up 100% YoY).
Ecostic has 3 current directors:
- Viren Mahendrabhai Pancholi - Director
- Parth Virenkumar Pancholi - Director
- Jignesh Pravinchandra Sanghavi - Director
Ecostic reported a net profit of ₹14.83 Lakh (net margin 11.9%) and EBITDA of ₹25.17 Lakh (EBITDA margin 20.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ecostic is 77% over three years and 44% over five years. In the latest year (FY 2024) revenue rose 100%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ecostic is 24AACCE8665L1Z8, registered in Gujarat.
The CIN (Corporate Identification Number) of Ecostic is U21099GJ2011PTC067795. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ecostic has 1 court case on record: 1 filed by the company.
Ecostic was incorporated on 12 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ecostic by revenue are Planet Analysis Private Limited, Deo Volente Communications Private Limited, Genesis Evaluations Private Limited, Tattvam Media Private Limited, Progresso Research and Analytics Private Limited and 5 more, all in the Consumer Services industry (Professional Services).
Jignesh Pravinchandra Sanghavi was appointed as Director on 29 Apr 2021. Parth Virenkumar Pancholi was appointed as Director on 12 Nov 2011. Viren Mahendrabhai Pancholi was appointed as Director on 12 Nov 2011.