Glow-Tech Steels Pvt Ltd
About Glow-Tech Steels Pvt Ltd
Data last updated:
Glow-Tech Steels Pvt Ltd is a private limited company based in Rajkot, Gujarat, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 14 October 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27100GJ1971PTC001973. Its GSTIN is 24AAACG7810P1ZF (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.45 Lakh. It is led by directors including Harshaben Hiralal Vadhar and Dhiren Hiralal Vadhar.
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 Kotharia Near Rajmahal Petrol Pump Gondal Road, Rajkot, Gujarat, India – 360002.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.17 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹21.67 Lakh (net margin 2.7%) and EBITDA of ₹37.56 Lakh (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹3.99 Cr and satisfied charges of ₹19.68 Lakh on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressKotharia Near Rajmahal Petrol Pump Gondal Road, Rajkot, Gujarat, India – 360002
- IndustryMetals and Minerals, Metal Manufacturing & Processing
- 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
- One PDF report, delivered after checkout
Business Activity of Glow-Tech Steels Pvt Ltd
The main business activity of Glow-Tech Steels 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Glow-Tech Steels Pvt Ltd FY 2025 filings available
Glow-Tech Steels Pvt Ltd reported revenue of ₹8.17 Cr (down 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Glow-Tech Steels Pvt Ltd
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA rose 75% 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 Glow-Tech Steels Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹37.56 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹21.67 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 Glow-Tech Steels Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.7% | •••• | •••• | •••• | •••• |
| 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 Glow-Tech Steels are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Glow-Tech Steels Pvt Ltd
Glow-Tech Steels Pvt Ltd is compared with the companies closest to it by revenue in the Metals and Minerals industry (Metals). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Norton Products Private Limited | •••• | •••• | •••• | •••• | - | Kandivali, Maharashtra, India |
| Gel Metaliks Pvt Ltd | •••• | •••• | •••• | •••• | - | Howrah, West Bengal, India |
| Evolve Green Projects Private Limited | •••• | •••• | •••• | •••• | 17 | Chennai, Tamil Nadu, India |
| Raipur Steelcasting India Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| True Forge Pvt Ltd | •••• | •••• | •••• | •••• | 16 | New Delhi, Delhi, India |
| Glow-Tech Steels Pvt Ltd this company | •••• | •••• | •••• | •••• | - | Rajkot, Gujarat, India |
| Technico Metals Private Limited | •••• | •••• | •••• | •••• | 24 | New Delhi, Delhi, India |
| Advi Global Resources Private Limited | •••• | •••• | •••• | •••• | - | Uppal, Telangana, India |
| Alutrade (India) Private Limited | •••• | •••• | •••• | •••• | - | Kishangarh, Rajasthan, India |
| Quickfab Metals Private Limited | •••• | •••• | •••• | •••• | - | Solapur, Maharashtra, India |
| Hi Rel Metals Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Glow-Tech Steels by revenue in the Metals and Minerals industry (Metals), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Glow-Tech Steels Pvt Ltd
Glow-Tech Steels Pvt Ltd is audited by A R DOSHI & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A R DOSHI & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Glow-Tech Steels Pvt Ltd
Glow-Tech Steels has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshaben Hiralal Vadhar | Director | 09 Apr 1985 | 41 Years 5 Months | Current |
| Dhiren Hiralal Vadhar | Director | 22 Feb 2022 | 4 Years 7 Months | Current |
| Hitesh Hiralal Vadhar | Director | 22 Feb 2022 | 4 Years 7 Months | Current |
Ownership and Shareholding of Glow-Tech Steels Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Glow-Tech Steels Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Jan 2021 | Hdfc Bank Limited | ₹2.5 Cr | Open |
| 05 Sep 2017 | Others | ₹86.35 Lakh | Open |
| 29 Apr 2010 | Developement Credit Bank Limited | ₹63 Lakh | Open |
| 03 Nov 1989 | State Bank of Saurashtra | ₹10 Lakh | Satisfied |
| 27 Oct 1989 | State Bank of Saurashtra | ₹9.68 Lakh | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Glow-Tech Steels Pvt Ltd
Glow-Tech Steels Pvt Ltd has 5 court cases on record: 2 filed by Glow-Tech Steels, 3 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 3 | 0 |
Cases on record (3 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (MCA) | Filed by the company against Pankajkumar Ias for State of Gujarat | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Disposed |
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by an individual | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 Glow-Tech Steels Pvt Ltd
Employment history and EPFO contributions of people linked to Glow-Tech Steels.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Glow-Tech Steels Pvt Ltd
Glow-Tech Steels Pvt Ltd has 4 board changes on record since 1985: 3 appointments and 1 cessation. The latest: Dhiren Hiralal Vadhar was appointed as Director on 22 Feb 2022.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Glow-Tech Steels Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Glow-Tech Steels Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Glow-Tech Steels Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Glow-Tech Steels Pvt Ltd
Glow-Tech Steels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACG7810P1ZF | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Glow-Tech Steels Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Glow-Tech Steels Pvt Ltd
Glow-Tech Steels is an active private limited company based in Rajkot, Gujarat, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 14 October 1971 (55+ years old) and is registered under CIN U27100GJ1971PTC001973.
Glow-Tech Steels reported revenue of ₹8.17 Cr for FY 2025 (down 13% YoY).
Glow-Tech Steels has 3 current directors:
- Harshaben Hiralal Vadhar - Director
- Dhiren Hiralal Vadhar - Director
- Hitesh Hiralal Vadhar - Director
Glow-Tech Steels reported a net profit of ₹21.67 Lakh (net margin 2.7%) and EBITDA of ₹37.56 Lakh (EBITDA margin 4.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Glow-Tech Steels is 4% over three years and 14% over five years. In the latest year (FY 2025) revenue fell 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Glow-Tech Steels is 24AAACG7810P1ZF, registered in Gujarat.
The CIN (Corporate Identification Number) of Glow-Tech Steels is U27100GJ1971PTC001973. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glow-Tech Steels has 5 court cases on record: 2 filed by the company and 3 filed against it.
Glow-Tech Steels was incorporated on 14 October 1971, making it 55+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Glow-Tech Steels by revenue are Norton Products Private Limited, Gel Metaliks Pvt Ltd, Evolve Green Projects Private Limited, Raipur Steelcasting India Private Limited, True Forge Pvt Ltd and 5 more, all in the Metals and Minerals industry (Metals).
Dhiren Hiralal Vadhar was appointed as Director on 22 Feb 2022. Hiralal Hemchand Vadhar ceased to be Director on 22 Feb 2022. Hitesh Hiralal Vadhar was appointed as Director on 22 Feb 2022. Glow-Tech Steels has 4 board changes on record in total.