Everest Composites Private Limited

Everest Composites Private Limited - manufacturing in Vadodara, Gujarat, India. FY 2026 financials & compliance.
CIN U25209GJ2008PTC053456 Incorporated 01 April 2008 ROC Ahmedabad HQ Vadodara, Gujarat, India
Active Private Limited Company manufacturing MSME · Medium
Data last updated
Revenue · FY 2024
₹74.33 Cr
▲ 30% YoY
Net profit · FY 2024
₹3.56 Cr
Net margin 4.8%
EBITDA · FY 2024
₹5.83 Cr
EBITDA margin 7.8%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹16.25 Cr
Satisfied ₹1.69 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
446
Provident fund records

About Everest Composites Private Limited

Data last updated:

Everest Composites Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 01 April 2008 and has been in existence for over 18 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209GJ2008PTC053456. Its GSTIN is 24AABCE9508P1Z9 (Gujarat). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Chandrajit Shah and Binish Ravindran Kalathil.

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 15 – Lamdapura Near Talav Taluka Savli Lamdapura, Vadodara, Gujarat, India – 391775.

As per the financials filed for FY 2024, the company reported a revenue of ₹74.33 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹3.56 Cr (net margin 4.8%) and EBITDA of ₹5.83 Cr (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 56% over three years and 21% over five years.

The company has about 446 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹16.25 Cr and satisfied charges of ₹1.69 Cr on record. Court records list 10 cases involving the company, including 5 filed by the company and 5 filed against it; 3 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Lakh; the latest was in March 2022. The company has 4 MSME Form 1 returns on record between 2022 and 2023, listing 130 overdue payments to 1 micro and small supplier.

Everest Composites Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0022926). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website everestcomposites.in.

Company details

CIN U25209GJ2008PTC053456
Registration Number 053456
Incorporation Date 01 April 2008
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-24-0022926
Key People
Chandrajit Shah Director Binish Ravindran Kalathil Director Ninad Sharad Raje Director

Recognitions & Rankings of Everest Composites

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-24-0022926

Contact details

Everest Composites Private Limited's registered office is in Vadodara, Gujarat. Its website is everestcomposites.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    everestcomposites.in
  • Social Media
  • Registered Address
    15 – Lamdapura Near Talav Taluka Savli Lamdapura, Vadodara, Gujarat, India – 391775
  • Industry
    Manufacturing, Construction Materials

To see the full contact details of Everest Composites Private Limited, buy the company report.

Comprehensive company report
Everest Composites 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 Everest Composites is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Everest Composites Private Limited, buy the company report.

Financials of Everest Composites Private Limited

FY 2024 filings available

Everest Composites Private Limited reported revenue of ₹74.33 Cr (up 30% YoY) for FY 2024.

Revenue · FY 2024
₹74.33 Cr ▲ 30%
Net profit · FY 2024
₹3.56 Cr margin 4.8%
EBITDA · FY 2024
₹5.83 Cr margin 7.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 56%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 64%
3 years · compounded
▲ 87%
5 years · compounded
▲ 26%

Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 30% growth in the latest year. EBITDA rose 64% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹5.83 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹3.56 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin7.8%
Net Profit Margin4.8%
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

To see the full financial statements and ratios of Everest Composites Private Limited, buy the company report.

Board of directors of Everest Composites Private Limited

Everest Composites has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Chandrajit ShahDirector01 Apr 200818 Years 7 MonthsCurrent
Binish Ravindran KalathilDirector28 Jan 20197 Years 9 MonthsCurrent
Ninad Sharad Raje
Also directs: Raje Potdar and Associates LLP, Pinnacle Engineering India Private Limited
Director28 May 20242 Years 5 MonthsCurrent
View all directors

Auditor

Everest Composites Private Limited is audited by SHAH MEHTA & BAKSHI for the financial year 2023.

Auditor firmFinancial yearFirm registration number
SHAH MEHTA & BAKSHIFY 2023103824W

Shareholding

The shareholding of Everest Composites Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Everest Composites Private Limited, buy the company report.

Charges & borrowings

Open charges
₹16.25 Cr
Satisfied charges
₹1.69 Cr
Breakdown by lending institutions
Others₹15.25 Cr
Indusind Bank Ltd.₹0.60 Cr
Axis Bank Limited₹0.40 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Dec 2023100853620Axis Bank Limited₹40 LakhOpen
21 Dec 2022100659704Others₹17.1 LakhOpen
26 Jun 2020100367064Others₹8.2 LakhOpen
08 Sep 201110526979Indusind Bank Ltd.₹60 LakhOpen
29 Jul 201110303258Others₹15 CrOpen

To see the full charge records of Everest Composites Private Limited, buy the company report.

Total charge records: 8 View all charges

Deals & funding

Everest Composites Private Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Lakh; the latest was in March 2022.

Total deals
6
Secondary share transfers
5
Funding round
1
Disclosed funding
₹9 Lakh

Deals on record (5 of 6)

WhenDealAmountParties
Mar 2022Secondary share transferUndisclosedBuyer: an individual
Seller: 3 individuals
Apr 2017Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals
Mar 2016Secondary share transferUndisclosedBuyer: 3 individuals
Seller: an individual
Jan 2014Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual
Jan 2014Secondary share transferUndisclosedBuyer: an individual
Seller: 3 individuals

To see the full deal history of Everest Composites Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Everest Composites Private Limited has 4 MSME Form 1 returns on record between 2022 and 2023, listing 130 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (1 of 1)

SupplierAmount dueDue sinceReported on
Isotherm Puf Panel Private Limited

To see the full MSME payment records of Everest Composites Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Everest Composites Private Limited has a workforce of 446 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.

Employee count
446
Active EPFO establishments
1
Employee growth
43.87%

GST

Everest Composites has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
24AABCE9508P1Z9GujaratActive01 Jul 2017
09AABCE9508P1Z1Uttar PradeshActive18 Aug 2023

To see the full GST registrations and return filing status of Everest Composites Private Limited, buy the company report.

Recent activity

Everest Composites Private Limited has 11 board changes on record since 2008: 7 appointments and 4 cessations. The latest: Ninad Sharad Raje was appointed as Director on 28 May 2024.

Charges
A charge registered on 20 Aug 2020 via Charge ID 100374300 with Others was fully satisfied on 23 Dec 2024.
Charges
A charge with Others of Rs. 1,500.00 Lakh registered on 29 Jul 2011 with Charge ID 10303258 was modified on 04 Dec 2024.
AGM
Everest Composites Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Appointed
Ninad Sharad Raje was appointed as Director.
Filing
Everest Composites Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Axis Bank Limited amounted to Rs. 40.00 Lakh with Charge ID 100853620 was registered on 30 Dec 2023.
Charges
A charge with Others amounted to Rs. 17.10 Lakh with Charge ID 100659704 was registered on 21 Dec 2022.
Charges
A charge with Others amounted to Rs. 48.92 Lakh with Charge ID 100374300 was registered on 20 Aug 2020.
Charges
A charge with Others amounted to Rs. 8.20 Lakh with Charge ID 100367064 was registered on 26 Jun 2020.
Ceased
Sanjaykumar G Shah ceased to be Director.
Appointed
Binish Ravindran Kalathil was appointed as Director.
Ceased
Nilesh Vijay Patil ceased to be Director.

14 earlier events are in the company report.

Frequently asked questions

Everest Composites is an active private limited company based in Vadodara, Gujarat, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 01 April 2008 (18+ years old) and is registered under CIN U25209GJ2008PTC053456.

Everest Composites has 3 current directors:

The latest financial statements of Everest Composites on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Everest Composites is 24AABCE9508P1Z9, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AABCE9508P1Z1 (Uttar Pradesh).

The CIN (Corporate Identification Number) of Everest Composites is U25209GJ2008PTC053456. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Everest Composites has 10 court cases on record: 5 filed by the company and 5 filed against it. 3 are pending.

Everest Composites was incorporated on 01 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Everest Composites has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Lakh; the latest was in March 2022.

Ninad Sharad Raje was appointed as Director on 28 May 2024. Sanjaykumar G Shah ceased to be Director on 17 Jan 2020. Binish Ravindran Kalathil was appointed as Director on 28 Jan 2019. Everest Composites has 11 board changes on record in total.

Yes, Everest Composites is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-24-0022926).

Everest Composites has 4 MSME Form 1 returns on record between 2022 and 2023, listing 130 overdue payments to 1 micro and small supplier. The latest return was filed on 27 Aug 2023.