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 43 cases involving the company, including 21 filed by the company and 22 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 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 3 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
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
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
Etco Industries Private Limited's registered office is in Mumbai, Maharashtra. Its website is etco.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- 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
To see the full contact details of Etco Industries Private Limited, buy the company report.
Comprehensive company report
Etco 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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Business activity
The main business activity of Etco Industries is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Etco Industries Private Limited, buy the company report.
Financials of Etco Industries Private Limited
FY 2025 filings availableEtco 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)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹21.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.56 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Etco Industries Private Limited, buy the company report.
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
Etco Industries Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| 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 | |||
| Etco Industries Private Limitedthis company | ₹126.15 Cr (FY 2025) | ₹19.56 Cr | 15.5% | 724.0% | 110 | Mumbai, Maharashtra, India |
| Wear Well India Private Limited | ₹126.05 Cr (FY 2024) | -22.0% | Noida, Uttar Pradesh, 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 |
To see the full peer comparison of Etco Industries Private Limited, buy the company report.
Auditor
Etco Industries Private Limited is audited by AKASH SHARMA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AKASH SHARMA & CO | FY 2021 | 146678W |
Shareholding
The shareholding of Etco Industries Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Etco Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹154.56 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Dec 2005 | 80023481 | Others | ₹154.56 Cr | Satisfied |
To see the full charge records of Etco Industries Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
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 |
To see the full deal history of Etco 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
Etco Industries Private Limited has 43 court cases on record: 21 filed by Etco Industries, 22 filed against it. 14 cases are pending and 29 are disposed.
Total cases
43
Filed by the company
21
Filed against the company
22
Pending
14
Disposed
29
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 13 | 7 |
| High courts | 18 | 7 | 7 |
| Supreme Court | 2 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Commercial suit | Filed by the company against Bank of Baroda and Anr | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against United India Insurance Company Ltd and 1 other | Pending |
| NCLT, Mumbai | Company petition | Filed against the company by Le Merite Exports Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against United India Insurance Company Ltd and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed by the company against Kiri Industries Limited and 4 others | Disposed |
To see the full case history of Etco 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
Etco Industries Private Limited was last rated by Care on 13 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 13 Sep 2021 |
To see the full credit ratings and regulatory alerts of Etco Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Etco Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Etco Industries Private Limited has a workforce of 110 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
Employee count
110
Active EPFO establishments
1
Employee growth
-66.36%
GST
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 |
To see the full GST registrations and return filing status of Etco Industries Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 2 current directors:
- Gajendra Bhupendra Sartanpara - Director
- Ramesh Dahyalal Shah - Director
The latest financial statements of Etco Industries 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 2015 are in the company report.
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 43 court cases on record: 21 filed by the company and 22 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, Wear Well India Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Mansi Shrivastav Himanshu ceased to be Additional Director on 02 May 2022. Lalit Ashok Karne ceased to be Company Secretary on 02 Jun 2017. Vijay Shantilal Mehta ceased to be Director on 07 Nov 2015. Etco Industries has 13 board changes on record in total.
Yes, Etco Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0000686).