MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-20-0113671
Glare Electronics Private Limited - home & lifestyle in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.18 Cr
▼ 2% YoY
Net profit · FY 2024
₹4.39 Lakh
Net margin 1.4%
EBITDA · FY 2024
₹14.16 Lakh
EBITDA margin 4.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹9.9 Lakh
Issued & subscribed
Satisfied charges
₹8.27 Cr
No open charges
Company age
21 yrs
Est. 2005
Employees · EPFO
5
Provident fund records
About Glare Electronics Private Limited
Data last updated:
Glare Electronics Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the crockery and kitchenware manufacturing segment of the home and lifestyle products sector. It was incorporated on 30 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ2005PTC047406. Its GSTIN is 24AACCG5557H1ZM (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.9 Lakh. It is led by directors Nisha Jayantilal Patoria and Jayantibhai Patel Bhagvanjibhai.
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 Rajkot, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.18 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹4.39 Lakh (net margin 1.4%) and EBITDA of ₹14.16 Lakh (EBITDA margin 4.4%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 8% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹8.27 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
Glare Electronics Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0113671). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website glareindia.com.
Company Details of Glare Electronics Private Limited
CIN U31909GJ2005PTC047406
Registration Number 047406
Incorporation Date 30 December 2005
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 Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-20-0113671
Recognitions & Rankings of Glare Electronics
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNijdham 14 A Vinay Societystreet No. 4 Opp. Mlaviya College Police Chowky Rajk, Ot, Rajkot, Gujarat, India
- IndustryHome & Lifestyle, Crockery & Kitchenware Manufacturing
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Business Activity of Glare Electronics Private Limited
The main business activity of Glare Electronics 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Glare Electronics Private Limited FY 2025 filings available
Glare Electronics Private Limited reported revenue of ₹3.18 Cr (down 2% YoY) for FY 2024.
Revenue · FY 2024
₹3.18 Cr ▼ 2%
Net profit · FY 2024
₹4.39 Lakh margin 1.4%
EBITDA · FY 2024
₹14.16 Lakh margin 4.4%
Compounded Annual Growth Rate (CAGR) of Glare Electronics Private Limited
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 2%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▼ 24%
5 years · compounded
▼ 26%
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 2% fall in the latest year. EBITDA fell 5% 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 Glare Electronics Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | ₹14.16 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.39 Lakh | •••• | •••• | •••• | •••• |
| 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 Glare Electronics Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.4% | •••• | •••• | •••• | •••• |
| 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 Glare Electronics are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Glare Electronics Private Limited
Glare Electronics has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nisha Jayantilal Patoria Also directs: Glare Appliances Pvt Ltd, Glare Household Private Limited | Director | 15 Jan 2016 | 10 Years 9 Months | Current |
| Jayantibhai Patel Bhagvanjibhai | Director | 30 May 2013 | 13 Years 4 Months | Current |
Peer Comparison of Glare Electronics Private Limited
Glare Electronics Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Crockery and Utensils Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Helios Hotelwares Private Limited | ₹3.29 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Jin Aagam Lifestyle Solutions Private Limited | ₹3.28 Cr (FY 2020) | •••• | •••• | -35.0% | •••• | Mumbai, Maharashtra, India |
| Gouri Maa Impex Private Limited | ₹3.28 Cr (FY 2025) | •••• | •••• | 274.0% | •••• | Sonipat, Haryana, India |
| Kanhaiya Lal Prag Dass Sales Private Limited | ₹3.25 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | Lucknow, Uttar Pradesh, India |
| Tanish Eco Products Private Limited | ₹3.2 Cr (FY 2025) | •••• | •••• | •••• | Valod, Gujarat, India | |
| Glare Electronics Private Limited this company | ₹3.18 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Rajkot, Gujarat, India |
| KHP Steelworks Private Limited | ₹3.17 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Total Foodservice Equipment Private Limited | ₹3.16 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| Credible Steel-Tech Private Limited | ₹3.1 Cr (FY 2024) | •••• | •••• | 40.0% | •••• | Rajkot, Gujarat, India |
| Quandra Galley Private Limited | ₹3.08 Cr (FY 2025) | •••• | •••• | 169.0% | •••• | Howrah, West Bengal, India |
| Ritu Multipro Marketing Private Limited | ₹3.08 Cr (FY 2025) | •••• | •••• | -53.0% | •••• | Rajkot, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Glare Electronics by revenue in the Consumer Products industry (Crockery and Utensils Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Glare Electronics Private Limited
Glare Electronics Private Limited is audited by P GHANSHYAM & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P GHANSHYAM & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Glare Electronics Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Glare Electronics Private Limited
Open charges
None
Satisfied charges
₹8.27 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Oct 2013 | Corporation Bank | ₹5.91 Cr | Satisfied |
| 18 Jun 2012 | ₹70.01 Lakh | Satisfied | |
| 22 Sep 2010 | Oriental Bank of Commerce | ₹40 Lakh | Satisfied |
| 30 Jul 2008 | Oriental Bank of Commerce | ₹1.26 Cr | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Glare Electronics Private Limited
Glare Electronics Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed. Status as checked between 02 Oct 2026 and 04 Oct 2026.
Total cases
3
Filed against the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (AGRMNT-LC) | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (WC-NFATAL-L) | Filed against the company by an individual | Disposed |
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Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Glare Electronics Private Limited
Glare Electronics Private Limited has a workforce of 5 employees as of Mar 31, 2024.
Employee count
5
Active EPFO establishments
1
Employee growth
25%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Glare Electronics Private Limited
Glare Electronics Private Limited has 6 board changes on record since 2013: 2 appointments and 4 cessations. The latest: Hiral Manishbhai Patoria ceased to be Director on 25 Jan 2016.
AGM
Glare Electronics Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Glare Electronics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 29 Oct 2013 via Charge ID 10459522 with Corporation Bank was fully satisfied on 05 Aug 2021.
Charges
A charge registered on 18 Jun 2012 with was fully satisfied on 05 Aug 2021.
Ceased
Hiral Manishbhai Patoria ceased to be Director.
Ceased
Lalitbhai Kanjibhai Patodiya ceased to be Director.
Ceased
Urvisha Vishal Patel ceased to be Director.
Appointed
Nisha Jayantilal Patoria was appointed as Director.
Charges
A charge with Corporation Bank amounted to Rs. 591.11 Lakh with Charge ID 10459522 was registered on 29 Oct 2013.
Ceased
Jayantibhai Patel Bhagvanjibhai ceased to be Additional Director.
Charges
A charge Rs. 70.01 Lakh registered on 18 Jun 2012 with Charge ID 10365116 was modified on 16 Sep 2013.
Appointed
Jayantibhai Patel Bhagvanjibhai was appointed as Director.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Glare Electronics Private Limited
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MSME Payment Delays by Glare Electronics Private Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Glare Electronics Private Limited
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Corporate group structure
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GST Compliance of Glare Electronics Private Limited
Glare Electronics has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCG5557H1ZM | Gujarat | Active | 01 Jul 2017 |
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MCA Filings & Documents of Glare Electronics Private Limited
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Frequently Asked Questions about Glare Electronics Private Limited
Glare Electronics is an active private limited company based in Rajkot, Gujarat, India. The company works in crockery and kitchenware manufacturing, within the home and lifestyle industry. It was incorporated on 30 December 2005 (21+ years old) and is registered under CIN U31909GJ2005PTC047406.
Glare Electronics reported revenue of ₹3.18 Cr for FY 2024 (down 2% YoY).
Glare Electronics has 2 current directors:
- Nisha Jayantilal Patoria - Director
- Jayantibhai Patel Bhagvanjibhai - Director
Glare Electronics reported a net profit of ₹4.39 Lakh (net margin 1.4%) and EBITDA of ₹14.16 Lakh (EBITDA margin 4.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Glare Electronics is 2% over three years and -8% over five years. In the latest year (FY 2024) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Glare Electronics is 24AACCG5557H1ZM, 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 Glare Electronics is U31909GJ2005PTC047406. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glare Electronics has 3 court cases on record: 3 filed against it.
Glare Electronics was incorporated on 30 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Glare Electronics by revenue are Helios Hotelwares Private Limited, Jin Aagam Lifestyle Solutions Private Limited, Gouri Maa Impex Private Limited, Kanhaiya Lal Prag Dass Sales Private Limited, Tanish Eco Products Private Limited and 5 more, all in the Consumer Products industry (Crockery and Utensils Manufacturers).
Hiral Manishbhai Patoria ceased to be Director on 25 Jan 2016. Lalitbhai Kanjibhai Patodiya ceased to be Director on 25 Jan 2016. Urvisha Vishal Patel ceased to be Director on 25 Jan 2016. Glare Electronics has 6 board changes on record in total.