About Euro Ceramics Limited
Data last updated:
Euro Ceramics Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the ceramics, sanitaryware and tile segment of the manufacturing sector. It was incorporated on 16 April 2002.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L26914MH2002PLC135548. Its GSTIN is 24AAACE9821G1ZT (Gujarat). The company holds 2 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (532823) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹33.74 Cr. It was formerly known as Euro Ceramics Private Limited. It is led by directors including Gautam Surya Prasad Pandit and Dhaval Vinod Gada.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 208 Sangam Arcade Vallabhbhai Road Opp. Railway Station Vile Parle (West), Mumbai, Maharashtra, India – 400056.
As per the financials filed for FY 2019, the company reported a revenue of ₹25.47 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹440.61 Cr and EBITDA of -₹19.61 Cr (EBITDA margin -77%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 21% over five years.
The company has about 50 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Euro Ceramics. As per MCA filings, the company has open charges of ₹1,846.69 Cr and satisfied charges of ₹352.92 Cr on record. Court records list 154 cases involving the company, including 91 filed by the company and 63 filed against it; 22 cases are pending. The company has 45 deals on record (40 market trades, 3 funding rounds, 1 acquisition), with disclosed funding of ₹27.18 Cr; the latest was in March 2017. Its 3 peer companies in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 1 larger and 2 smaller; the largest is Dalal Tiles Private Limited with revenue of ₹25.54 Cr.
The last known website on record is eurovitrified.com.
Company details
CIN history
Euro Ceramics has one previous CIN (Corporate Identification Number): U26914MH2002PLC135548. The current CIN is L26914MH2002PLC135548, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L26914MH2002PLC135548 | Current |
| U26914MH2002PLC135548 | Previous |
Contact details
Euro Ceramics Limited's registered office is in Mumbai, Maharashtra. Its website is eurovitrified.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address208 Sangam Arcade Vallabhbhai Road Opp. Railway Station Vile Parle (West), Mumbai, Maharashtra, India – 400056
- IndustryManufacturing, Ceramics, Sanitaryware & Tile
To see the full contact details of Euro Ceramics Limited, buy the company report.
- 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
Brands
Euro Ceramics operates one associated brand: Euro Ceramics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ceramic tiles and sanitary ware products are manufactured and supplied. | eurovitrified.com |
Business activity
The main business activity of Euro Ceramics is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Euro Ceramics Limited, buy the company report.
Financials of Euro Ceramics Limited
FY 2018 filings availableEuro Ceramics Limited reported revenue of ₹25.47 Cr (up 16% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 16% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 21%. EBITDA fell 63% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹19.61 Cr | ||||
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| Net Profit (PAT) | -₹440.61 Cr | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA Margin | -77% | ||||
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To see the full financial statements and ratios of Euro Ceramics Limited, buy the company report.
Board of directors and KMP of Euro Ceramics Limited
Euro Ceramics Limited currently reports 3 directors and 2 key managerial personnel. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautam Surya Prasad Pandit | Director | 30 May 2017 | 9 Years 4 Months | As last reported |
| Dhaval Vinod Gada Also directs: Swastika Landmark Builders LLP, Uroneel India Private Limited | Director | 30 Sep 2016 | 10 Years 0 Months | As last reported |
| Lata Tushar Mehta | Director | 30 Sep 2016 | 10 Years 0 Months | As last reported |
| Nenshi Ladhabhai Shah Also directs: Euro Polaad Minerals & Steel LLP, Subhnen Realtors LLP, Subhnen Home Developers LLP and 1 more | Ceo | 22 Feb 2016 | 10 Years 8 Months | As last reported |
| Paresh Kanji Shah Also directs: Euro Polaad Minerals & Steel LLP | Cfo | 01 Jun 2014 | 12 Years 4 Months | As last reported |
Peer comparison
Euro Ceramics Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dalal Tiles Private Limited | ₹25.54 Cr (FY 2023) | 39.0% | Delhi, India | |||
| Euro Ceramics Limitedthis company | ₹25.47 Cr (FY 2019) | -₹440.61 Cr | 16.0% | 50 | Mumbai, Maharashtra, India | |
| Maharaja Tiles Private Limited | ₹25.22 Cr (FY 2025) | 12.0% | Chittorgarh, Rajasthan, India | |||
| VRN Ceramics Limited | ₹24.99 Cr (FY 2025) | 26.0% | Sabarkantha, Gujarat, India |
To see the full peer comparison of Euro Ceramics Limited, buy the company report.
Auditor
Euro Ceramics Limited is audited by RASESH SHAH & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RASESH SHAH & ASSOCIATES | FY 2019 | 108671W |
Shareholding
The shareholding of Euro Ceramics Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Euro Ceramics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Mar 2013 | 10415070 | State Bank of India | ₹265.68 Cr | Open | |
| 04 Mar 2013 | 10414908 | State Bank of India | ₹20 Cr | Open | |
| 13 Jul 2010 | 10231509 | The Cosmos Co-Operative Bank Limited | ₹8 Cr | Open | |
| 19 Apr 2010 | 10220988 | State Bank of India | ₹128.2 Cr | Open | |
| 19 Apr 2010 | 10220987 | State Bank of India | ₹220.83 Cr | Open |
To see the full charge records of Euro Ceramics Limited, buy the company report.
Total charge records: 41 View all charges
Deals & funding
Euro Ceramics Limited has 45 deals on record (40 market trades, 3 funding rounds, 1 acquisition), with disclosed funding of ₹27.18 Cr; the latest was in March 2017.
Deals on record (5 of 45)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Acquisition | ₹99.64 Cr | Buyer: Jaquar and Company Private Limited Seller: Euro Ceramics Limited |
| Jan 2016 | Market trade | ₹12.9 Lakh | Buyer: JMP Securities Private Limited Seller: Bank Of India Pledge Shares, JMP Securities Private Limited |
| Dec 2015 | Market trade | ₹20.7 Lakh | Buyer: NBN Fintrade Private Limited Seller: NBN Fintrade Private Limited |
| Mar 2013 | Market trade | ₹24.1 Lakh | Buyer: Prachar Communications Private Limited |
| Aug 2012 | Funding round | ₹5.25 Cr | Investors: Icici Bank Limited |
To see the full deal history of Euro Ceramics 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
Euro Ceramics Limited has 154 court cases on record: 91 filed by Euro Ceramics, 63 filed against it. 22 cases are pending and 132 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 110 | 41 | 15 |
| High courts | 37 | 19 | 7 |
| Supreme Court | 5 | 1 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 154)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Viva Infra Projects Pvt Ltd Through Its Director Mr Sagar Pravin Raut | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Chamber Summons) | Filed against the company by M/S Crescent Organics Pvt.Ltd. | Pending |
| High Court, MAHARASHTRA | Court case (COMMP) | Filed against the company by Eurobond Industries Pvt. Ltd. and Another and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Summons For Judgement) | Filed against the company by M/S Crescent Organics Pvt Ltd | Pending |
| District court, kachchh at Bhuj, Gujarat | Court case (SMST S) | Filed against the company by M/S C. J. Darcl Logistics Limited. | Pending |
To see the full case history of Euro Ceramics 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Euro Ceramics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Euro Ceramics has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Euro Merchandise (India) Limited | U51420MH2004PLC145654 |
To see the full group structure of Euro Ceramics Limited, buy the company report.
Employees & EPFO
Euro Ceramics Limited has a workforce of 50 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Euro Ceramics has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACE9821G1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Euro Ceramics Limited, buy the company report.
Recent activity
Euro Ceramics Limited has 41 board changes on record since 2002: 23 appointments and 18 cessations. The latest: Viral Talakshi Nandu ceased to be Whole-Time Director on 13 Aug 2025.
109 earlier events are in the company report.
Frequently asked questions
Euro Ceramics is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Euro Ceramics is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in ceramics, sanitaryware and tile, within the manufacturing industry. It was incorporated on 16 April 2002 and is registered under CIN L26914MH2002PLC135548. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Euro Ceramics has 5 current directors and KMP:
- Gautam Surya Prasad Pandit - Director
- Dhaval Vinod Gada - Director
- Lata Tushar Mehta - Director
- Nenshi Ladhabhai Shah - Ceo
- Paresh Kanji Shah - Cfo
The latest financial statements of Euro Ceramics on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Euro Ceramics is L26914MH2002PLC135548. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Euro Ceramics is recorded as a listed company by MCA, but trading in its shares on BSE (532823) has been suspended, so they do not currently trade on a stock exchange.
Euro Ceramics has open charges of ₹1,846.69 Cr and satisfied charges of ₹352.92 Cr as per latest MCA filings.
Euro Ceramics has 154 court cases on record: 91 filed by the company and 63 filed against it. 22 are pending. Most are in the district courts.
Euro Ceramics was incorporated on 16 April 2002. It is registered with the Registrar of Companies, Mumbai.
Euro Ceramics has 45 deals on record (40 market trades, 3 funding rounds, 1 acquisition), with disclosed funding of ₹27.18 Cr; the latest was in March 2017.
The peers of Euro Ceramics by revenue are Dalal Tiles Private Limited, Maharaja Tiles Private Limited, VRN Ceramics Limited, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).