Glotex Solutions Private Limited

Glotex Solutions Private Limited - engineering in Vadodara, Gujarat, India. FY 2026 financials & compliance.
CIN U29309GJ2017PTC097978 Incorporated 22 June 2017 ROC Ahmedabad HQ Vadodara, Gujarat, India
Active Private Limited Company engineering DPIIT Startup MSME · Small
Data last updated
Revenue · FY 2025
₹18.68 Cr
▲ 21% YoY
Net profit · FY 2025
₹86.02 Lakh
Net margin 4.6%
EBITDA · FY 2025
₹1.61 Cr
EBITDA margin 8.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.5 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
22
Provident fund records

About Glotex Solutions Private Limited

Data last updated:

Glotex Solutions Private Limited is a private limited company based in Vadodara, Gujarat, India, recognised as a startup by DPIIT. It operates in the engineering components retail and distribution segment of the engineering sector. It was incorporated on 22 June 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29309GJ2017PTC097978. Its GSTIN is 24AAGCG8907M1Z7 (Gujarat).

The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Zahid Rais and Kirtish Kantibhai Parikh.

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 2 Regent Avenue Diwalipura Vasna Road, Vadodara, Gujarat, India – 390007.

As per the financials filed for FY 2025, the company reported a revenue of ₹18.68 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹86.02 Lakh (net margin 4.6%) and EBITDA of ₹1.61 Cr (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 14% over five years.

The company has about 22 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹1.5 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.

Glotex Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0003773). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website glotexinc.com.

Company details

CIN U29309GJ2017PTC097978
Registration Number 097978
Incorporation Date 22 June 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 Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0003773
Key People
Zahid Rais Director Kirtish Kantibhai Parikh Director Mayur Ambalal Patel Director

Recognitions & Rankings of Glotex Solutions

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-24-0003773

Contact details

Glotex Solutions Private Limited's registered office is in Vadodara, Gujarat. Its website is glotexinc.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    glotexinc.com
  • Registered Address
    2 Regent Avenue Diwalipura Vasna Road, Vadodara, Gujarat, India – 390007
  • Industry
    Engineering, Engineering Components Retail & Distribution

To see the full contact details of Glotex Solutions Private Limited, buy the company report.

Comprehensive company report
Glotex Solutions 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 Glotex Solutions is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
MProfessional, Scientific and TechnicalM4Architecture, engineering activities, technical testing and analysis activities

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

Financials of Glotex Solutions Private Limited

FY 2025 filings available

Glotex Solutions Private Limited reported revenue of ₹18.68 Cr (up 21% YoY) for FY 2025.

Revenue · FY 2025
₹18.68 Cr ▲ 21%
Net profit · FY 2025
₹86.02 Lakh margin 4.6%
EBITDA · FY 2025
₹1.61 Cr margin 8.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 16%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 58%
3 years · compounded
▲ 8%
5 years · compounded
▼ 5%

Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 21% growth in the latest year. EBITDA rose 58% 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹1.61 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹86.02 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin8.6%
Net Profit Margin4.6%
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 Glotex Solutions Private Limited, buy the company report.

Board of directors of Glotex Solutions Private Limited

Glotex Solutions has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Zahid RaisDirector16 Feb 20233 Years 8 MonthsCurrent
Kirtish Kantibhai Parikh
Also directs: Glotus Engineering Private Limited
Director22 Jun 20179 Years 4 MonthsCurrent
Mayur Ambalal PatelDirector14 Jul 20251 Years 3 MonthsCurrent
View all directors

Auditor

Glotex Solutions Private Limited is audited by VIJAY PATEL & CO. for the financial year 2024.

Auditor firmFinancial yearFirm registration number
VIJAY PATEL & CO.FY 2024115344W

Shareholding

The shareholding of Glotex Solutions Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Glotex Solutions Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Canara Bank₹1.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Feb 2024100872196Canara Bank₹1.5 CrOpen

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Glotex Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Glotex Solutions Private Limited has a workforce of 22 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
22
Active EPFO establishments
1
Employee growth
22.22%

GST

Glotex Solutions has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAGCG8907M1Z7GujaratActive01 Sep 2017

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

Recent activity

Glotex Solutions Private Limited has 8 board changes on record since 2017: 3 appointments and 5 cessations. The latest: Mayur Ambalal Patel ceased to be Additional Director on 29 Sep 2025.

AGM
Glotex Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Mayur Ambalal Patel ceased to be Additional Director.
Appointed
Mayur Ambalal Patel was appointed as Director.
Filing
Glotex Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Canara Bank amounted to Rs. 150.00 Lakh with Charge ID 100872196 was registered on 27 Feb 2024.
Ceased
Zahid Rais ceased to be Additional Director.
Ceased
Dhaval Arvind Prajapati ceased to be Director.
Appointed
Zahid Rais was appointed as Director.
Ceased
Hasmukhbhai Ambalal Mistry ceased to be Additional Director.
Ceased
Bhupendrabhai Manilal Patel ceased to be Director.
Appointed
Kirtish Kantibhai Parikh was appointed as Director.
Incorporation
22 Jun 2017
Glotex Solutions Private Limited was registered on 22 Jun 2017 with Roc Ahmedabad & aged 9 years 4 months as per MCA records.

Frequently asked questions

Glotex Solutions is an active private limited company based in Vadodara, Gujarat, India. The company works in engineering components retail and distribution, within the engineering industry. It was incorporated on 22 June 2017 (9+ years old) and is registered under CIN U29309GJ2017PTC097978.

Glotex Solutions has 3 current directors:

The latest financial statements of Glotex Solutions 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 Glotex Solutions is 24AAGCG8907M1Z7, registered in Gujarat.

The CIN (Corporate Identification Number) of Glotex Solutions is U29309GJ2017PTC097978. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Glotex Solutions has 1 court case on record: 1 filed against it. 1 is pending.

Glotex Solutions was incorporated on 22 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Mayur Ambalal Patel ceased to be Additional Director on 29 Sep 2025. Mayur Ambalal Patel was appointed as Director on 14 Jul 2025. Zahid Rais ceased to be Additional Director on 27 Sep 2023. Glotex Solutions has 8 board changes on record in total.

Yes, Glotex Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Glotex Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0003773).