MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0000686
Etco Industries Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹126.15 Cr
▲ 724% YoY
Net profit · FY 2025
₹19.56 Cr
Net margin 15.5%
EBITDA · FY 2025
₹21.93 Cr
EBITDA margin 17.4%
Authorised capital
₹110 Cr
Registered with MCA
Paid-up capital
₹6.15 Cr
Issued & subscribed
Satisfied charges
₹154.56 Cr
No open charges
Company age
31 yrs
Est. 1995
Employees · EPFO
110
Provident fund records
About Etco Industries Private Limited
Data last updated:
Etco Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 16 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45102MH1995PTC085653. Its GSTIN is 27AAACE1393H1ZQ (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹110 Cr and a paid-up capital of ₹6.15 Cr. It was formerly known as Etco Services Private Limited and Etco Spinners Private Limited. It is led by directors Gajendra Bhupendra Sartanpara and Ramesh Dahyalal Shah.
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 14 2nd Floor Pinnacle Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹126.15 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹19.56 Cr (net margin 15.5%) and EBITDA of ₹21.93 Cr (EBITDA margin 17.4%). Revenue has grown at a compounded annual rate (CAGR) of 202% over three years and 111% over five years.
The company has about 110 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹154.56 Cr on record. Court records list 41 cases involving the company, including 20 filed by the company and 20 filed against it; 14 cases are pending. The company has 14 deals on record (7 funding rounds, 6 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹124.17 Cr; the latest was in March 2022. Its 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Manish Vinyls Private Limited with revenue of ₹126.76 Cr.
Etco Industries Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0000686). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website etco.in.
Company Details of Etco Industries Private Limited
CIN U45102MH1995PTC085653
Registration Number 085653
Incorporation Date 16 February 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0000686
Name History of Etco Industries Private Limited
Etco Industries has undergone 3 name changes throughout its history. The company was previously known as Etco Services Private Limited, Etco Spinners Private Limited, and Etco Land Developers Private Limited. The current legal name is Etco Industries Private Limited.
| Company Name | Status |
|---|---|
| Etco Industries Private Limited | Current |
| Etco Services Private Limited | Previous |
| Etco Spinners Private Limited | Previous |
| Etco Land Developers Private Limited | Previous |
Recognitions & Rankings of Etco Industries
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressS – 13 & S – 14 2nd Floor Pinnacle Business Park Shanti Nagar MIDC Mahakali Caves Road A, Ndheri (E), Mumbai, Maharashtra, India – 400093
- IndustryManufacturing, Textile & Fabric Production
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Business Activity of Etco Industries Private Limited
The main business activity of Etco Industries is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Etco Industries Private Limited FY 2025 filings available
Etco Industries Private Limited reported revenue of ₹126.15 Cr (up 724% YoY) for FY 2025.
Revenue · FY 2025
₹126.15 Cr ▲ 724%
Net profit · FY 2025
₹19.56 Cr margin 15.5%
EBITDA · FY 2025
₹21.93 Cr margin 17.4%
Compounded Annual Growth Rate (CAGR) of Etco Industries Private Limited
Revenue CAGR growth
1 year
▲ 724%
3 years · compounded
▲ 202%
5 years · compounded
▲ 111%
EBITDA CAGR growth
1 year
▲ 503%
3 years · compounded
▲ 62%
5 years · compounded
▲ 74%
Revenue has grown at a compounded annual rate (CAGR) of 111% over five years, including 724% growth in the latest year. EBITDA rose 503% 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 Etco Industries 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 | ₹21.93 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹19.56 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 Etco Industries Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 15.5% | •••• | •••• | •••• | •••• |
| 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 Etco Industries are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Etco Industries Private Limited
Etco Industries has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gajendra Bhupendra Sartanpara | Director | 03 Oct 2014 | 12 Years 0 Months | Current |
| Ramesh Dahyalal Shah Also directs: Sea-Crest Developers Private Limited, Sai Etco Developers and Realty Private Limited, Moolsons Holdings Private Limited and 2 more | Director | 16 Feb 1995 | 31 Years 8 Months | Current |
Peer Comparison of Etco Industries Private Limited
Etco Industries Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Manish Vinyls Private Limited | ₹126.76 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Sadar Bazar, Delhi, India |
| TKL Knits (India) Private Limited | ₹126.7 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Bangalore, Karnataka, India |
| Gogad Fabrics Private Limited | ₹126.26 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Pali, Rajasthan, India |
| Shri Rohith Spinners Private Limited | ₹126.22 Cr (FY 2023) | •••• | •••• | 0.0% | •••• | Chennai, Tamil Nadu, India |
| Shree Swati Spintex Private Limited | ₹126.17 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Ajmer, Rajasthan, India |
| Etco Industries Private Limited this company | ₹126.15 Cr (FY 2025) | •••• | •••• | 724.0% | •••• | Mumbai, Maharashtra, India |
| Dwarkadas Shamkumar Textiles Pvt Ltd | ₹126.12 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Pune, Maharashtra, India |
| Wear Well India Private Limited | ₹126.05 Cr (FY 2024) | •••• | •••• | -22.0% | •••• | Noida, Uttar Pradesh, India |
| Ameen Silk Mills Private Limited | ₹125.9 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Surat, Gujarat, India |
| Beekalene Fabrics Private Limited | ₹125.87 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| United Cotfab Limited | ₹125.85 Cr (FY 2025) | •••• | •••• | 216.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Etco Industries by revenue in the Manufacturing industry (Textiles), 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 Etco Industries Private Limited
Etco Industries Private Limited is audited by AKASH SHARMA & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AKASH SHARMA & 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 Etco Industries 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 Etco Industries Private Limited
Open charges
None
Satisfied charges
₹154.56 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Dec 2005 | Others | ₹154.56 Cr | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Etco Industries Private Limited
Etco Industries Private Limited has 14 deals on record (7 funding rounds, 6 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹124.17 Cr; the latest was in March 2022.
Total deals
14
Funding rounds
7
Secondary share transfers
6
Convertible or debt financing
1
Disclosed funding
₹124.17 Cr
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Funding round | ₹6.15 Cr | Investors: Etco Telecom Private Limited , an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Masitia Capital Services Private Limited , an individual Seller: Etco Telecom Private Limited , Ramesh Dahyalal Shah Family Trust, 2 individuals |
| Mar 2017 | Funding round | ₹82.43 Cr | Investors: ANDHRA BANK, Bank Of Baroda, Etco Telecom Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Etco Telecom Private Limited , 3 individuals Seller: Ramesh Dahyalal Shah Family Trust, Masitia Capital Services Private Limited |
| Jun 2010 | Funding round | ₹7 Cr | Investors: Masitia Capital Services Private Limited , Ramesh Dahyalal Shah Family Trust, an individual |
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Full deal history
All 14 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
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- Investors, buyers and sellers
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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 Etco Industries Private Limited
Etco Industries Private Limited has 41 court cases on record: 20 filed by Etco Industries, 20 filed against it, 1 where it is another party. 14 cases are pending and 27 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Total cases
41
Filed by the company
20
Filed against the company
20
Pending
14
Disposed
27
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 13 | 7 |
| High courts | 18 | 6 | 7 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Commercial suit | Filed by the company against The Bank of Baroda Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Kiri Industries Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed by the company against Kiri Industries Limited | Disposed |
| High Court of Gujarat | Court case (COMP) | Filed by the company against Liverpool Retail India Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
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Full case history
All 41 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 Etco Industries Private Limited
Etco Industries Private Limited has a workforce of 110 employees as of Apr 10, 2024.
Employee count
110
Active EPFO establishments
1
Employee growth
-66.36%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Etco Industries Private Limited
Etco Industries Private Limited has 13 board changes on record since 1995: 2 appointments and 11 cessations. The latest: Mansi Shrivastav Himanshu ceased to be Additional Director on 02 May 2022.
AGM
Etco Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Etco Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 05 Dec 2005 via Charge ID 80023481 with Others was fully satisfied on 12 Apr 2023.
Ceased
Mansi Shrivastav Himanshu ceased to be Additional Director.
Charges
A charge with Others of Rs. 154.56 Cr registered on 05 Dec 2005 with Charge ID 80023481 was modified on 28 Sep 2020.
Ceased
Lalit Ashok Karne ceased to be Company Secretary.
Ceased
Vijay Shantilal Mehta ceased to be Director.
Appointed
Gajendra Bhupendra Sartanpara was appointed as Director.
Ceased
Satyanarayan Ramlalji Kuchhal ceased to be Director.
Ceased
Suresh Kundlik Nagre ceased to be Director.
Ceased
Prakash Radheshyam Mishra ceased to be Director.
Ceased
Ashoo Khemka ceased to be Director.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Etco Industries Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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MSME Payment Delays by Etco Industries 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 Etco Industries Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Etco Industries Private Limited
Etco Industries has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE1393H1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 27AAACE1393H2ZP | Maharashtra | Active | 12 Apr 2021 |
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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 Etco Industries 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 Etco Industries Private Limited
Etco Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 16 February 1995 (31+ years old) and is registered under CIN U45102MH1995PTC085653.
Etco Industries reported revenue of ₹126.15 Cr for FY 2025 (up 724% YoY).
Etco Industries has 2 current directors:
- Gajendra Bhupendra Sartanpara - Director
- Ramesh Dahyalal Shah - Director
Etco Industries reported a net profit of ₹19.56 Cr (net margin 15.5%) and EBITDA of ₹21.93 Cr (EBITDA margin 17.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Etco Industries is 202% over three years and 111% over five years. In the latest year (FY 2025) revenue rose 724%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Etco Industries is 27AAACE1393H1ZQ, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACE1393H2ZP (Maharashtra).
The CIN (Corporate Identification Number) of Etco Industries is U45102MH1995PTC085653. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Etco Industries has 41 court cases on record: 20 filed by the company and 20 filed against it. 14 are pending. Most are in the district courts.
Etco Industries was incorporated on 16 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Etco Industries has 14 deals on record (7 funding rounds, 6 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹124.17 Cr; the latest was in March 2022.
The peers of Etco Industries by revenue are Manish Vinyls Private Limited, TKL Knits (India) Private Limited, Gogad Fabrics Private Limited, Shri Rohith Spinners Private Limited, Shree Swati Spintex Private Limited and 5 more, all in the Manufacturing industry (Textiles).