About Ethics Prosperity Private Limited
Data last updated:
Ethics Prosperity Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 02 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2020PTC115252. Its GSTIN is 24AAGCE0032R1ZN (Gujarat). The company holds 8 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Rajendrakumar Vallabhbhai Asodaria and Chiragbhai Trikambhai Lakhani.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pipodara GIDC 48 Plot No. K 2 Tempogali Pipodara, Surat, Gujarat, India – 394110.
As per the financials filed for FY 2025, the company reported a revenue of ₹183.97 Cr, a growth of 134% compared to the previous year. For the same year it recorded a net profit of ₹39.52 Cr (net margin 21.5%) and EBITDA of ₹58.95 Cr (EBITDA margin 32%). Revenue has grown at a compounded annual rate (CAGR) of 72% over three years.
The company has about 106 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ethics Prosperity. As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹7 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ethicsprosperity.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPipodara GIDC 48 Plot No. K 2 Tempogali Pipodara, Surat, Gujarat, India – 394110
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
- 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 Prosperity Private Limited
The main business activity of Ethics Prosperity is transport and storage. In detail, this covers warehousing and storage.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H6 | Warehousing and storage | 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 Prosperity Private Limited FY 2025 filings available
Ethics Prosperity Private Limited reported revenue of ₹183.97 Cr (up 134% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ethics Prosperity Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 72% over three years, including 134% growth in the latest year. EBITDA rose 910% 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 Prosperity 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 | ₹58.95 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹39.52 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 Ethics Prosperity Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 21.5% | •••• | •••• | •••• | •••• |
| 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 Ethics Prosperity are in the company report.
Financial statements from FY 2021
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.
Auditor Details of Ethics Prosperity Private Limited
Ethics Prosperity Private Limited is audited by K A R M A & CO. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K A R M A & 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 Prosperity Private Limited
Ethics Prosperity has 4 current directors and 2 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 Infinity Private Limited, Ethics Creation Private Limited and 5 more | Director | 02 Aug 2020 | 6 Years 2 Months | Current |
| Chiragbhai Trikambhai Lakhani Also directs: Ethics Infotech LLP, Ethics Infinity Private Limited, Ethics Creation Private Limited and 5 more | Director | 02 Aug 2020 | 6 Years 2 Months | Current |
| Bipinbhai Ishwarbhai Kevadiya Also directs: Ethics Infotech LLP, Ethics Infinity Private Limited, Ethics Creation Private Limited and 5 more | Director | 02 Aug 2020 | 6 Years 2 Months | Current |
| Rohit V Pansara Also directs: Ethics Infotech LLP, Ethics Infinity Private Limited, Ethics Creation Private Limited and 4 more | Director | 16 Jan 2024 | 2 Years 8 Months | Current |
Ownership and Shareholding of Ethics Prosperity 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 Prosperity Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Oct 2022 | Others | ₹20 Cr | Open |
| 12 Oct 2021 | Tata Capital Financial Services Limited | ₹7 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Ethics Prosperity Private Limited
Ethics Prosperity Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2025.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: Ethics Group of Companies Private Limited , an individual Seller: 3 individuals |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ethics Prosperity Private Limited
Ethics Prosperity Private Limited has 1 court case on record: 1 filed against it. All case is pending. Status as checked on 29 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jind, Haryana | Court case (SUMM) | Filed against the company by State of Haryana | Pending |
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.
Associated Brands with Ethics Prosperity Private Limited
Ethics Prosperity operates one associated brand: Ethics Prosperity. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides AI, blockchain, and cloud-based solutions for supply chain management. | ethicsprosperity.com |
Employees and EPFO Compliance at Ethics Prosperity Private Limited
Ethics Prosperity Private Limited has a workforce of 106 employees as of Oct 14, 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.
Recent Activity on Ethics Prosperity Private Limited
Director changes at Ethics Prosperity Private Limited
Ethics Prosperity Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Gurucharan Arora ceased to be Director on 04 Jul 2025.
Credit Ratings, Litigation & Regulatory Alerts for Ethics Prosperity 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 Prosperity 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 Prosperity 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 Prosperity Private Limited
Ethics Prosperity has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCE0032R1ZN | Gujarat | Active | 25 Feb 2021 |
| 06AAGCE0032R1ZL | Haryana | Active | 22 Mar 2021 |
| 18AAGCE0032R1ZG | Assam | Active | 30 Mar 2021 |
| 33AAGCE0032R1ZO | Tamil Nadu | Active | 07 May 2021 |
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 Prosperity 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 Prosperity Private Limited
Ethics Prosperity is an active private limited company based in Surat, Gujarat, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 02 August 2020 (6+ years old) and is registered under CIN U72900GJ2020PTC115252.
Ethics Prosperity reported revenue of ₹183.97 Cr for FY 2025 (up 134% YoY).
Ethics Prosperity has 4 current directors:
- Rajendrakumar Vallabhbhai Asodaria - Director
- Chiragbhai Trikambhai Lakhani - Director
- Bipinbhai Ishwarbhai Kevadiya - Director
- Rohit V Pansara - Director
Ethics Prosperity reported a net profit of ₹39.52 Cr (net margin 21.5%) and EBITDA of ₹58.95 Cr (EBITDA margin 32%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ethics Prosperity is 72% over three years. In the latest year (FY 2025) revenue rose 134%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ethics Prosperity is 24AAGCE0032R1ZN, registered in Gujarat. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 06AAGCE0032R1ZL (Haryana), 18AAGCE0032R1ZG (Assam), 33AAGCE0032R1ZO (Tamil Nadu).
The CIN (Corporate Identification Number) of Ethics Prosperity is U72900GJ2020PTC115252. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethics Prosperity has 1 court case on record: 1 filed against it. 1 is pending.
Ethics Prosperity was incorporated on 02 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ethics Prosperity has 1 deal on record (1 secondary share transfer); the latest was in March 2025.