Glasstech Industries (India) Private Limited

Glasstech Industries (India) Private Limited - machinery and equipment in Raigad, Maharashtra, India. FY 2026 financials & compliance.
CIN U26100MH1997PTC107962 Incorporated 12 May 1997 ROC Mumbai HQ Raigad, Maharashtra, India
Active Private Limited Company machinery and equipment MSME · Medium
Data last updated
Revenue · FY 2024
₹64.13 Cr
▼ 8% YoY
Net loss · FY 2024
₹14.48 Cr
Net margin -22.6%
EBITDA · FY 2024
-₹3.62 Cr
EBITDA margin -5.6%
Authorised capital
₹35 Cr
Registered with MCA
Paid-up capital
₹32.07 Cr
Issued & subscribed
Open charges
₹24.87 Cr
Satisfied ₹64.32 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
144
Provident fund records

About Glasstech Industries (India) Private Limited

Data last updated:

Glasstech Industries (India) Private Limited is a private limited company based in Raigad, Maharashtra, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 12 May 1997 and has been in existence for over 29 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U26100MH1997PTC107962. Its GSTIN is 27AAACG3416H1ZW (Maharashtra). The company holds 6 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹32.07 Cr. It is led by directors including Anoopdas Cherai and Sandeep Sathiapalan Ponnarambil.

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 Plot L – 113 MIDC Talojataloja Industrial Area Taloja District Raigad, Maharashtra, India – 400703.

As per the financials filed for FY 2024, the company reported a revenue of ₹64.13 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹14.48 Cr (net margin -22.6%) and EBITDA of -₹3.62 Cr (EBITDA margin -5.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 5% over five years.

The company has about 144 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Glasstech Industries. As per MCA filings, the company has open charges of ₹24.87 Cr and satisfied charges of ₹64.32 Cr on record. Court records list 16 cases involving the company, including 16 filed by the company; 7 cases are pending. The company has 13 deals on record (7 rights issues, 5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹50.41 Cr; the latest was in March 2024. The company has 9 MSME Form 1 returns on record between 2018 and 2022, listing 308 overdue payments to 30 micro and small suppliers.

Glasstech Industries (India) Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-27-0000143). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website glasstechindia.com.

Company details

CIN U26100MH1997PTC107962
Registration Number 107962
Incorporation Date 12 May 1997
ROC Mumbai
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-MH-27-0000143
Key People
Anoopdas Cherai Director Sandeep Sathiapalan Ponnarambil Director Sathiapalan Govindan Ponnarambil Director

Recognitions & Rankings of Glasstech Industries (India)

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-27-0000143

Contact details

Glasstech Industries (India) Private Limited's registered office is in Raigad, Maharashtra. Its website is glasstechindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    glasstechindia.com
  • Registered Address
    Plot L – 113 MIDC Talojataloja Industrial Area Taloja District Raigad, Maharashtra, India – 400703
  • Industry
    Machinery and Equipment, Process Machinery & Industrial Equipment

To see the full contact details of Glasstech Industries (India) Private Limited, buy the company report.

Comprehensive company report
Glasstech Industries (India) 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

Glasstech Industries (India) operates one associated brand: Glasstech Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Glasstech Industries
Manufactures architectural glass products for construction and safety applications.glasstechindia.com

Business activity

The main business activity of Glasstech Industries (India) is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Glasstech Industries (India) Private Limited, buy the company report.

Financials of Glasstech Industries (India) Private Limited

FY 2024 filings available

Glasstech Industries (India) Private Limited reported revenue of ₹64.13 Cr (down 8% YoY) for FY 2024.

Revenue · FY 2024
₹64.13 Cr ▼ 8%
Net loss · FY 2024
₹14.48 Cr margin -22.6%
EBITDA · FY 2024
-₹3.62 Cr margin -5.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 22%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 264%
3 years · compounded
▼ 3%
5 years · compounded
▲ 5%

Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 264% 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-₹3.62 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹14.48 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 Margin-5.6%
Net Profit Margin-22.6%
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 Glasstech Industries (India) Private Limited, buy the company report.

Board of directors and KMP of Glasstech Industries (India) Private Limited

Glasstech Industries (India) Private Limited currently reports 4 directors and 1 key managerial person. 3 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Anoopdas CheraiDirector30 Apr 20215 Years 6 MonthsCurrent
Sandeep Sathiapalan PonnarambilDirector03 Jan 200323 Years 10 MonthsCurrent
Sathiapalan Govindan PonnarambilDirector12 May 199729 Years 5 MonthsCurrent
Mataprasad Bulakidas SharmaCompany Secretary06 Jul 20197 Years 3 MonthsCurrent
Sandhia Sathiapalan PonnarambilDirector12 May 199729 Years 5 MonthsCurrent
View all directors and KMP

Auditor

Glasstech Industries (India) Private Limited is audited by Sheth & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Sheth & AssociatesFY 2023110040W

Shareholding

The shareholding of Glasstech Industries (India) 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 Glasstech Industries (India) Private Limited, buy the company report.

Charges & borrowings

Open charges
₹24.87 Cr
Satisfied charges
₹64.32 Cr
Breakdown by lending institutions
State Bank of India₹64.32 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
26 Feb 201510556601State Bank of India₹24.87 CrSatisfied
03 Mar 200590243810State Bank of India₹8.45 CrSatisfied
03 Mar 200590145690State Bank of India₹30 CrSatisfied
11 Jan 200290240840State Bank of India₹50 LakhSatisfied
31 Oct 200190244309State Bank of India₹50 LakhSatisfied

To see the full charge records of Glasstech Industries (India) Private Limited, buy the company report.

Total charge records: 5 View all charges

Deals & funding

Glasstech Industries (India) Private Limited has 13 deals on record (7 rights issues, 5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹50.41 Cr; the latest was in March 2024.

Total deals
13
Rights issues
7
Funding rounds
5
Secondary share transfer
1
Disclosed funding
₹50.41 Cr

Deals on record (5 of 13)

WhenDealAmountParties
Mar 2024Rights issue₹38.1 LakhInvestors: an individual
Mar 2023Rights issue₹3 CrInvestors: an individual
Dec 2022Funding round₹15.9 CrInvestors: an individual
Jul 2021Rights issue₹4.75 CrInvestors: 2 individuals
Dec 2019Rights issue₹2 CrInvestors: 2 individuals

To see the full deal history of Glasstech Industries (India) 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

Glasstech Industries (India) Private Limited has 9 MSME Form 1 returns on record between 2018 and 2022, listing 308 overdue payments to 30 micro and small suppliers. 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 (5 of 30)

SupplierAmount dueDue sinceReported on
Sheth & Associates
Shree Insupac
United Industrial Gas Company
Shakti Chemicoat Private Limited
an individual supplier

To see the full MSME payment records of Glasstech Industries (India) Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Glasstech Industries (India) Private Limited has a workforce of 144 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.

Employee count
144
Active EPFO establishments
2
Employee growth
-4%

GST

Glasstech Industries (India) has 6 GST registrations: 2 active and 4 cancelled or inactive.

Total GSTINs
6
Active
2
Cancelled / inactive
4
GSTINStateStatusRegistered on
27AAACG3416H1ZWMaharashtraActive01 Jul 2017
33AAACG3416H2Z2Tamil NaduActive01 Jul 2017

To see the full GST registrations and return filing status of Glasstech Industries (India) Private Limited, buy the company report.

Recent activity

Glasstech Industries (India) Private Limited has 7 board changes on record since 1997: 5 appointments and 2 cessations. The latest: Anoopdas Cherai ceased to be Additional Director on 10 Nov 2021.

Charges
A charge registered on 26 Feb 2015 via Charge ID 10556601 with State Bank Of India was fully satisfied on 29 Oct 2025.
AGM
Glasstech Industries (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Glasstech Industries (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with State Bank Of India of Rs. 24.87 Cr registered on 26 Feb 2015 with Charge ID 10556601 was modified on 20 Dec 2021.
Ceased
Anoopdas Cherai ceased to be Additional Director.
Appointed
Anoopdas Cherai was appointed as Director.
Charges
A charge registered on 03 Mar 2005 via Charge ID 90243810 with State Bank Of India was fully satisfied on 28 Aug 2020.
Charges
A charge registered on 03 Mar 2005 via Charge ID 90145690 with State Bank Of India was fully satisfied on 28 Aug 2020.
Charges
A charge registered on 11 Jan 2002 via Charge ID 90240840 with State Bank Of India was fully satisfied on 28 Aug 2020.
Charges
A charge registered on 31 Oct 2001 via Charge ID 90244309 with State Bank Of India was fully satisfied on 28 Aug 2020.
Appointed
Mataprasad Bulakidas Sharma was appointed as Company Secretary.
Charges
A charge with State Bank Of India amounted to Rs. 24.87 Cr with Charge ID 10556601 was registered on 26 Feb 2015.

11 earlier events are in the company report.

Frequently asked questions

Glasstech Industries (India) is an active private limited company based in Raigad, Maharashtra, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 12 May 1997 (29+ years old) and is registered under CIN U26100MH1997PTC107962.

Glasstech Industries (India) has 5 current directors and KMP:

The latest financial statements of Glasstech Industries (India) 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 Glasstech Industries (India) is 27AAACG3416H1ZW, registered in Maharashtra. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 33AAACG3416H2Z2 (Tamil Nadu).

The CIN (Corporate Identification Number) of Glasstech Industries (India) is U26100MH1997PTC107962. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Glasstech Industries (India) has 16 court cases on record: 16 filed by the company. 7 are pending. Most are in the district courts.

Glasstech Industries (India) was incorporated on 12 May 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.

Glasstech Industries (India) has 13 deals on record (7 rights issues, 5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹50.41 Cr; the latest was in March 2024.

Anoopdas Cherai ceased to be Additional Director on 10 Nov 2021. Anoopdas Cherai was appointed as Director on 30 Apr 2021. Mataprasad Bulakidas Sharma was appointed as Company Secretary on 06 Jul 2019. Glasstech Industries (India) has 7 board changes on record in total.

Yes, Glasstech Industries (India) is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-27-0000143).

Glasstech Industries (India) has 9 MSME Form 1 returns on record between 2018 and 2022, listing 308 overdue payments to 30 micro and small suppliers. The latest return was filed on 29 Aug 2023.