About Ethics Infinity Private Limited
Data last updated:
Ethics Infinity Private Limited is a private limited company based in Pipodara, Gujarat, India. It operates in the metalworking segment of the metals and mining sector. It was incorporated on 14 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U01403GJ2010PTC062299. Its GSTIN is 24AACCE4986G1ZJ (Gujarat). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹24 Lakh and a paid-up capital of ₹9.97 Lakh. It was formerly known as Ethics Agrotech Private Limited. It is led by directors including Rajendrakumar Vallabhbhai Asodaria (Managing Director) and Bipinbhai Ishwarbhai Kevadiya (Managing Director).
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 Block No. 48 Plot – K2 Tempogali Pipodara GIDC, Gujarat, India – 394110.
As per the financials filed for FY 2025, the company reported a revenue of ₹101.64 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹1.59 Cr (net margin 1.6%) and EBITDA of ₹3.12 Cr (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 32% over five years.
The company has about 25 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Ethicsinfinity. As per MCA filings, the company has open charges of ₹27.96 Cr and satisfied charges of ₹2.04 Cr on record. Court records list 4 cases involving the company, including 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ethicsinfinity.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBlock No. 48 Plot – K2 Tempogali Pipodara GIDC, Gujarat, India – 394110
- IndustryMetal & Minerals, Metalworking
- 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 Ethics Infinity Private Limited
The main business activity of Ethics Infinity is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal 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 Ethics Infinity Private Limited FY 2024 filings available
Ethics Infinity Private Limited reported revenue of ₹101.64 Cr (up 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ethics Infinity Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 45% growth in the latest year. EBITDA rose 482% 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 Ethics Infinity 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 | ₹3.12 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.59 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ethics Infinity Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 Ethics Infinity 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 Ethics Infinity Private Limited
Ethics Infinity Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Foundry and Fabrication, Industrial Products Manufacturers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| N. S. Engineering Projects Private Limited | •••• | •••• | •••• | •••• | 81 | Howrah, West Bengal, India |
| Jendamark India Private Limited | •••• | •••• | •••• | •••• | 333 | Pune, Maharashtra, India |
| Oil Lube Systems Private Limited | •••• | •••• | •••• | •••• | - | Faridabad, Haryana, India |
| Somi Conveyor Beltings Limited Listed | •••• | •••• | •••• | •••• | 78 | Jodhpur, Rajasthan, India |
| Vacuum Techniques Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Ethics Infinity Private Limited this company | •••• | •••• | •••• | •••• | - | Pipodara, Gujarat, India |
| Ajinkya Electromelt Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Manifold E-Connect Limited | •••• | •••• | •••• | •••• | - | Gurugram, Haryana, India |
| Spectral Insights Private Limited | •••• | •••• | •••• | •••• | 118 | Bangalore, Karnataka, India |
| Unique Concrete Technologies Private Limited | •••• | •••• | •••• | •••• | 52 | Lower Parel West, Maharashtra, India |
| Sparkler Metals Private Limited | •••• | •••• | •••• | •••• | 50 | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Ethics Infinity by revenue in the Machinery and Equipment industry (Foundry and Fabrication, Industrial Products Manufacturers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Ethics Infinity Private Limited
Ethics Infinity Private Limited is audited by KARMA & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KARMA & Co. LLP | 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 Ethics Infinity Private Limited
Ethics Infinity has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendrakumar Vallabhbhai Asodaria Also directs: Ethics Infotech LLP, Ethics Creation Private Limited, Ethics Steel Private Limited and 5 more | Managing Director | 11 Feb 2019 | 7 Years 7 Months | Current |
| Chiragbhai Trikambhai Lakhani Also directs: Ethics Infotech LLP, Ethics Creation Private Limited, Ethics Steel Private Limited and 5 more | Director | 16 Jan 2024 | 2 Years 8 Months | Current |
| Bipinbhai Ishwarbhai Kevadiya Also directs: Ethics Infotech LLP, Ethics Creation Private Limited, Shiffco Bazar Private Limited and 5 more | Managing Director | 17 Jan 2013 | 13 Years 8 Months | Current |
| Rohit V Pansara Also directs: Ethics Infotech LLP, Ethics Creation Private Limited, Ethics Steel Private Limited and 4 more | Director | 16 Jan 2024 | 2 Years 8 Months | Current |
Ownership and Shareholding of Ethics Infinity 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 Ethics Infinity Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Oct 2022 | Others | ₹4.46 Cr | Open |
| 10 Oct 2022 | Others | ₹20 Cr | Open |
| 29 Apr 2022 | Axis Bank Limited | ₹80.67 Lakh | Open |
| 27 Jan 2022 | Bank of India | ₹9.45 Lakh | Open |
| 15 Dec 2021 | Others | ₹20.5 Lakh | Open |
Total charge records: 10 View all charges
Legal Cases of Ethics Infinity Private Limited
Ethics Infinity Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Delhivery Limited | Disposed |
| District court, Jalgaon, Maharashtra | Civil suit | Filed against the company by Jain Irrigation Systems Limited | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
Full case history
All 4 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.
Associated Brands with Ethics Infinity Private Limited
Ethics Infinity operates one associated brand: Ethicsinfinity. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| ethicsinfinity.com |
Employees and EPFO Compliance at Ethics Infinity Private Limited
Ethics Infinity Private Limited has a workforce of 25 employees as of Apr 07, 2024.
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.
Group Structure of Ethics Infinity Private Limited
Ethics Infinity has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Ethics Hospitality Private Limited | U55209GJ2021PTC120864 | Locked |
| Ethics Innovations Private Limited | U60300GJ2017PTC099613 | Locked |
Showing major subsidiaries. Total: 2.
Recent Activity on Ethics Infinity Private Limited
Ethics Infinity Private Limited has 9 board changes on record since 2012: 4 appointments and 5 cessations. The latest: Chiragbhai Trikambhai Lakhani was appointed as Director on 16 Jan 2024.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ethics Infinity 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 Ethics Infinity 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 Ethics Infinity 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 Ethics Infinity Private Limited
Ethics Infinity has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCE4986G1ZJ | Gujarat | Active | 01 Jul 2017 |
| 06AACCE4986G1ZH | Haryana | Active | 20 Oct 2018 |
| 33AACCE4986G1ZK | Tamil Nadu | Active | 29 Mar 2019 |
| 18AACCE4986G1ZC | Assam | Active | 10 May 2019 |
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 Ethics Infinity 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 Ethics Infinity Private Limited
Ethics Infinity is an active private limited company based in Pipodara, Gujarat, India. The company works in metalworking, within the metal and minerals industry. It was incorporated on 14 September 2010 (16+ years old) and is registered under CIN U01403GJ2010PTC062299.
Ethics Infinity reported revenue of ₹101.64 Cr for FY 2025 (up 45% YoY).
Ethics Infinity has 4 current directors:
- Rajendrakumar Vallabhbhai Asodaria - Managing Director
- Bipinbhai Ishwarbhai Kevadiya - Managing Director
- Chiragbhai Trikambhai Lakhani - Director
- Rohit V Pansara - Director
Ethics Infinity reported a net profit of ₹1.59 Cr (net margin 1.6%) and EBITDA of ₹3.12 Cr (EBITDA margin 3.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ethics Infinity is 24% over three years and 32% over five years. In the latest year (FY 2025) revenue rose 45%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ethics Infinity is 24AACCE4986G1ZJ, registered in Gujarat. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 06AACCE4986G1ZH (Haryana), 33AACCE4986G1ZK (Tamil Nadu), 18AACCE4986G1ZC (Assam).
The CIN (Corporate Identification Number) of Ethics Infinity is U01403GJ2010PTC062299. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethics Infinity has 4 court cases on record: 4 filed against it.
Ethics Infinity was incorporated on 14 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ethics Infinity by revenue are N. S. Engineering Projects Private Limited, Jendamark India Private Limited, Oil Lube Systems Private Limited, Somi Conveyor Beltings Limited, Vacuum Techniques Private Limited and 5 more, all in the Machinery and Equipment industry (Foundry and Fabrication, Industrial Products Manufacturers).
Chiragbhai Trikambhai Lakhani was appointed as Director on 16 Jan 2024. Rohit V Pansara was appointed as Director on 16 Jan 2024. Rajendrakumar Vallabhbhai Asodaria ceased to be Director on 06 Feb 2020. Ethics Infinity has 9 board changes on record in total.