DPIIT recognised startup Government of India
Startup India
Glxkart Ventures Private Limited
Glxkart Ventures Private Limited - trading in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.1 Cr
▲ 826% YoY
Net profit · FY 2024
₹13.61 Lakh
Net margin 2.7%
EBITDA · FY 2024
₹35.18 Lakh
EBITDA margin 6.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹1.48 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
About Glxkart Ventures Private Limited
Data last updated:
Glxkart Ventures Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 19 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U93090GJ2017PTC100199. Its GSTIN is 24AAHCG1184F1C5 (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Nency Sandipbhai Vaghela and Sandip Dilipbhai Vaghela.
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 Surat, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.1 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹13.61 Lakh (net margin 2.7%) and EBITDA of ₹35.18 Lakh (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 243% over three years and 305% over five years.
As per MCA filings, the company has open charges of ₹1.48 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
Glxkart Ventures Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0203006). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U93090GJ2017PTC100199
Registration Number 100199
Incorporation Date 19 December 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-22-0203006
Recognitions & Rankings of Glxkart Ventures
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-22-0203006
Contact details
Glxkart Ventures Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 64 – 65 Ranchhod Niketan Soc., Nr. Amroli Bridge, Surat, Gujarat, India – 394107
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Glxkart Ventures Private Limited, buy the company report.
Comprehensive company report
Glxkart Ventures 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 Glxkart Ventures is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Glxkart Ventures Private Limited, buy the company report.
Financials of Glxkart Ventures Private Limited
FY 2024 filings availableGlxkart Ventures Private Limited reported revenue of ₹5.1 Cr (up 826% YoY) for FY 2024.
Revenue · FY 2024
₹5.1 Cr ▲ 826%
Net profit · FY 2024
₹13.61 Lakh margin 2.7%
EBITDA · FY 2024
₹35.18 Lakh margin 6.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 826%
3 years · compounded
▲ 243%
5 years · compounded
▲ 305%
EBITDA CAGR growth
1 year
▲ 583%
3 years · compounded
▲ 126%
5 years · compounded
▲ 90%
Revenue has grown at a compounded annual rate (CAGR) of 305% over five years, including 826% growth in the latest year. EBITDA rose 583% 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 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 | ₹35.18 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.61 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Glxkart Ventures Private Limited, buy the company report.
Board of directors of Glxkart Ventures Private Limited
Glxkart Ventures has 2 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 |
|---|---|---|---|---|
| Nency Sandipbhai Vaghela Also directs: Shri Gruh Laxmi Housing and Consumer Services Limited | Director | 19 Dec 2017 | 8 Years 10 Months | Current |
| Sandip Dilipbhai Vaghela Also directs: Gruh Laxmi Nidhi Limited | Director | 08 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
Glxkart Ventures Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Greenstar Landscape Private Limited | ₹5.11 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India | |||
| Benimadhab Tah & Sons (P) Ltd. | ₹5.11 Cr (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Kemtex Petrochemicals Limited | ₹5.1 Cr (FY 2024) | 103.0% | Ludhiana, Punjab, India | |||
| Paul Vet Healthcare Private Limited | ₹5.1 Cr (FY 2025) | -11.0% | Delhi, India | |||
| Parimal Clean-Energy Systems Private Limited | ₹5.1 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Glxkart Ventures Private Limitedthis company | ₹5.1 Cr (FY 2024) | ₹13.61 Lakh | 2.7% | 826.0% | Surat, Gujarat, India | |
| Insight Care Polyplast Private Limited | ₹5.1 Cr (FY 2024) | 17.0% | Ahmedabad, Gujarat, India | |||
| Abhima Engineers Private Limited | ₹5.1 Cr (FY 2025) | -51.0% | Guwahati, Assam, India | |||
| Everymarket Overseas Private Limited | ₹5.1 Cr (FY 2024) | 2.0% | Ahmedabad, Gujarat, India | |||
| Chikara Enterprises Private Limited | ₹5.1 Cr (FY 2025) | 1.0% | Jyotiba Phule Nagar (Amroha), Uttar Pradesh, India | |||
| Rich Pharma India Private Limited. | ₹5.1 Cr (FY 2016) | -18.0% | Pune, Maharashtra, India |
To see the full peer comparison of Glxkart Ventures Private Limited, buy the company report.
Auditor
Glxkart Ventures Private Limited is audited by GAUTAM BANTHIA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GAUTAM BANTHIA & ASSOCIATES | FY 2023 | 142596W |
Shareholding
The shareholding of Glxkart Ventures 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 Glxkart Ventures Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.48 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Sep 2023 | 100806793 | Others | ₹99 Lakh | Open | |
| 04 Feb 2023 | 100681131 | Others | ₹49 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Glxkart Ventures Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhavnagar, Gujarat | Court case (CR EN) | Filed against the company by an individual | Disposed |
To see the full case history of Glxkart Ventures 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Glxkart Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Glxkart Ventures has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCG1184F1C5 | Gujarat | Active | 02 Feb 2018 |
| 24AAHCG1184F2ZT | Gujarat | Active | 19 Apr 2018 |
To see the full GST registrations and return filing status of Glxkart Ventures Private Limited, buy the company report.
Recent activity
Glxkart Ventures Private Limited has 8 board changes on record since 2017: 2 appointments and 6 cessations. The latest: Sandip Dilipbhai Vaghela was appointed as Director on 08 Jan 2024.
AGM
Glxkart Ventures Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Glxkart Ventures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Appointed
Sandip Dilipbhai Vaghela was appointed as Director.
Charges
A charge with Others amounted to Rs. 99.00 Lakh with Charge ID 100806793 was registered on 21 Sep 2023.
Charges
A charge with Others amounted to Rs. 49.00 Lakh with Charge ID 100681131 was registered on 04 Feb 2023.
Ceased
Sandip Dilipbhai Vaghela ceased to be Director.
Ceased
Dilipbhai Jadavjibhai Vaghela ceased to be Director.
Ceased
Hansaben Dilipbhai Vaghela ceased to be Director.
Ceased
Jalpa Shauryakumar Parekh ceased to be Director.
Ceased
Nayan Rameshbhai Vaghela ceased to be Director.
Ceased
Pareshbhai Vaghela ceased to be Director.
Appointed
Nency Sandipbhai Vaghela was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Glxkart Ventures is an active private limited company based in Surat, Gujarat, India. The company works in wholesale, within the trading industry. It was incorporated on 19 December 2017 (9+ years old) and is registered under CIN U93090GJ2017PTC100199.
Glxkart Ventures has 2 current directors:
- Nency Sandipbhai Vaghela - Director
- Sandip Dilipbhai Vaghela - Director
The latest financial statements of Glxkart Ventures 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 FY 2018 are in the company report.
The GSTIN of Glxkart Ventures is 24AAHCG1184F1C5, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAHCG1184F2ZT (Gujarat).
The CIN (Corporate Identification Number) of Glxkart Ventures is U93090GJ2017PTC100199. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glxkart Ventures has 1 court case on record: 1 filed against it.
Glxkart Ventures was incorporated on 19 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Glxkart Ventures by revenue are Greenstar Landscape Private Limited, Benimadhab Tah & Sons (P) Ltd, Kemtex Petrochemicals Limited, Paul Vet Healthcare Private Limited, Parimal Clean-Energy Systems Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Sandip Dilipbhai Vaghela was appointed as Director on 08 Jan 2024. Sandip Dilipbhai Vaghela ceased to be Director on 22 Mar 2022. Dilipbhai Jadavjibhai Vaghela ceased to be Director on 01 Apr 2021. Glxkart Ventures has 8 board changes on record in total.
Yes, Glxkart Ventures is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Glxkart Ventures is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-22-0203006).
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