MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-32-0000731
Fusion Granito Private Limited - manufacturing in Bela Rangpar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹32.55 Cr
▼ 40% YoY
Net loss · FY 2025
₹7.14 Cr
Net margin -21.9%
EBITDA · FY 2025
-₹5.88 Cr
EBITDA margin -18.1%
Authorised capital
₹12.5 Cr
Registered with MCA
Paid-up capital
₹12.5 Cr
Issued & subscribed
Open charges
₹22.7 Cr
Satisfied ₹22.33 Cr
Company age
9 yrs
Est. 2017
Employees · EPFO
18
Provident fund records
About Fusion Granito Private Limited
Data last updated:
Fusion Granito Private Limited is a private limited company based in Bela Rangpar, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 12 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26990GJ2017PTC096827. Its GSTIN is 24AADCF0696B1Z0 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹12.5 Cr. It is led by directors including Piyushkumar Hirjibhai Kamaria and Rohitbhai Bhanjibhai Barasara.
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 S.No.555/P1/P1 Khokhra Hanuman Temple Jetpar Road Tal. & Dist. Morbi, Bela Rangpar, Gujarat, India – 363641.
As per the financials filed for FY 2025, the company reported a revenue of ₹32.55 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹7.14 Cr (net margin -21.9%) and EBITDA of -₹5.88 Cr (EBITDA margin -18.1%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 13% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Fusion Granito. As per MCA filings, the company has open charges of ₹22.7 Cr and satisfied charges of ₹22.33 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in April 2023. Its 5 peer companies in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 3 smaller; the largest is Orfina Ceramic Private Limited with revenue of ₹33.04 Cr.
Fusion Granito Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0000731). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website fusiongranito.com.
Company details
CIN U26990GJ2017PTC096827
Registration Number 096827
Incorporation Date 12 April 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Non-Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-32-0000731
Key People
Piyushkumar Hirjibhai Kamaria Director Rohitbhai Bhanjibhai Barasara Director Vijaybhai Mansukhbhai Sarsavadiya Director Recognitions & Rankings of Fusion Granito
Contact details
Fusion Granito Private Limited's registered office is in Bela Rangpar, Gujarat. Its website is fusiongranito.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS.No.555/P1/P1 Khokhra Hanuman Temple Jetpar Road Tal. & Dist. Morbi, Bela Rangpar, Gujarat, India – 363641
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Fusion Granito Private Limited, buy the company report.
Comprehensive company report
Fusion Granito 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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Brands
Fusion Granito operates one associated brand: Fusion Granito. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies vitrified ceramic porcelain tiles for construction and design purposes. | fusiongranito.com |
Business activity
The main business activity of Fusion Granito is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Fusion Granito Private Limited, buy the company report.
Financials of Fusion Granito Private Limited
FY 2025 filings availableFusion Granito Private Limited reported revenue of ₹32.55 Cr (down 40% YoY) for FY 2025.
Revenue · FY 2025
₹32.55 Cr ▼ 40%
Net loss · FY 2025
₹7.14 Cr margin -21.9%
EBITDA · FY 2025
-₹5.88 Cr margin -18.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 40%
3 years · compounded
▼ 26%
5 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▼ 347%
3 years · compounded
▼ 46%
5 years · compounded
▼ 24%
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 40% fall in the latest year. EBITDA fell 347% 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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| EBITDA | -₹5.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.14 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 | -18.1% | ||||
| Net Profit Margin | -21.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Fusion Granito Private Limited, buy the company report.
Board of directors of Fusion Granito Private Limited
Fusion Granito has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyushkumar Hirjibhai Kamaria Also directs: Lado Ceramic Private Limited | Director | 03 May 2023 | 3 Years 5 Months | Current |
| Rohitbhai Bhanjibhai Barasara Also directs: Lado Ceramic Private Limited | Director | 03 May 2023 | 3 Years 5 Months | Current |
| Vijaybhai Mansukhbhai Sarsavadiya Also directs: Lado Ceramic Private Limited | Director | 03 May 2023 | 3 Years 5 Months | Current |
Peer comparison
Fusion Granito Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Orfina Ceramic Private Limited | ₹33.04 Cr (FY 2025) | -12.0% | Morbi, Gujarat, India | |||
| Osho Sanitarywares Private Limited | ₹32.86 Cr (FY 2025) | 37.0% | Morbi, Gujarat, India | |||
| Fusion Granito Private Limitedthis company | ₹32.55 Cr (FY 2025) | -₹7.14 Cr | -21.9% | -40.0% | 18 | Bela Rangpar, Gujarat, India |
| Sirium Ceramic Private Limited | ₹32.03 Cr (FY 2025) | -11.0% | Morbi, Gujarat, India | |||
| Fame Ceramic Private Limited | ₹32 Cr (FY 2025) | -11.0% | Morbi, Gujarat, India | |||
| Coral Ceramic Private Limited | ₹31.94 Cr (FY 2024) | -21.0% | Distrajkot, Gujarat, India |
To see the full peer comparison of Fusion Granito Private Limited, buy the company report.
Auditor
Fusion Granito Private Limited is audited by B.B Kalaria & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.B Kalaria & Co | FY 2023 | 127220W |
Shareholding
The shareholding of Fusion Granito 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fusion Granito Private Limited, buy the company report.
Charges & borrowings
Open charges
₹22.7 Cr
Satisfied charges
₹22.33 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Feb 2023 | 100681201 | Others | ₹22.7 Cr | Open | |
| 19 Sep 2017 | 100126899 | State Bank of India | ₹22.33 Cr | Satisfied |
To see the full charge records of Fusion Granito Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Fusion Granito Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in April 2023.
Total deals
2
Rights issue
1
Secondary share transfer
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2023 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| May 2017 | Rights issue | ₹12.48 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Fusion Granito Private Limited has 2 court cases on record: 2 filed by Fusion Granito. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Assistant Commissioner of Income Tax Circle - 1( and 2 others | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Disposed |
To see the full case history of Fusion Granito 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
Fusion Granito Private Limited was last rated by Crisil on 09 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 09 Mar 2020 |
To see the full credit ratings and regulatory alerts of Fusion Granito Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fusion Granito Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fusion Granito Private Limited has a workforce of 18 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
18
Active EPFO establishments
1
GST
Fusion Granito has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCF0696B1Z0 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fusion Granito Private Limited, buy the company report.
Recent activity
Fusion Granito Private Limited has 9 board changes on record since 2023: 3 appointments and 6 cessations. The latest: Bharatkumar Karshanbhai Loriya ceased to be Director on 28 Jun 2023.
AGM
Fusion Granito Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Fusion Granito Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 22.70 Cr registered on 24 Feb 2023 with Charge ID 100681201 was modified on 13 Mar 2024.
Ceased
Bharatkumar Karshanbhai Loriya ceased to be Director.
Ceased
Bhavin Kantilal Fefar ceased to be Director.
Ceased
Jagdishbhai Karshanbhai Loriya ceased to be Director.
Ceased
Maheshbhai Karshanbhai Loriya ceased to be Director.
Ceased
Prakashbhai Narbherambhai Kalola ceased to be Director.
Ceased
Vijaykumar Kantilal Fefar ceased to be Director.
Appointed
Piyushkumar Hirjibhai Kamaria was appointed as Director.
Appointed
Rohitbhai Bhanjibhai Barasara was appointed as Director.
Appointed
Vijaybhai Mansukhbhai Sarsavadiya was appointed as Director.
5 earlier events are in the company report.
Frequently asked questions
Fusion Granito is an active private limited company based in Bela Rangpar, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 12 April 2017 (9+ years old) and is registered under CIN U26990GJ2017PTC096827.
Fusion Granito has 3 current directors:
- Piyushkumar Hirjibhai Kamaria - Director
- Rohitbhai Bhanjibhai Barasara - Director
- Vijaybhai Mansukhbhai Sarsavadiya - Director
The latest financial statements of Fusion Granito 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 FY 2018 are in the company report.
The GSTIN of Fusion Granito is 24AADCF0696B1Z0, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Fusion Granito is U26990GJ2017PTC096827. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fusion Granito has 2 court cases on record: 2 filed by the company.
Fusion Granito was incorporated on 12 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Fusion Granito has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in April 2023.
The peers of Fusion Granito by revenue are Orfina Ceramic Private Limited, Osho Sanitarywares Private Limited, Sirium Ceramic Private Limited, Fame Ceramic Private Limited, Coral Ceramic Private Limited, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Bharatkumar Karshanbhai Loriya ceased to be Director on 28 Jun 2023. Bhavin Kantilal Fefar ceased to be Director on 28 Jun 2023. Jagdishbhai Karshanbhai Loriya ceased to be Director on 28 Jun 2023. Fusion Granito has 9 board changes on record in total.
Yes, Fusion Granito is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-32-0000731).