Gray Solutions Private Limited
About Gray Solutions Private Limited
Data last updated:
Gray Solutions Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 26 May 2008.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U18100GJ2008PTC054039. Its GSTIN is 24AADCG1755G1ZV (Gujarat).
The company had an authorised share capital of ₹35 Lakh and a paid-up capital of ₹17.03 Lakh. It was led by directors Pratik Navin Agarwal and Deepesh Anup Agrawal.
Its last annual general meeting (AGM) was held on 29 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office was at Part – 1 S No 169/B Nr Bharwad Vaas Opp Shriram Milk Parlour Piplaj Pirana Road, Ahmedabad, Gujarat, India – 382405.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.31 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹1.48 Cr (net margin 8.5%) and EBITDA of ₹2.95 Cr (EBITDA margin 17%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years.
As per MCA filings, the company had open charges of ₹11.1 Cr and satisfied charges of ₹4.8 Cr on record.
CIN History of Gray Solutions Private Limited
Gray Solutions has one previous CIN (Corporate Identification Number): U74140GJ2008PTC054039. The current CIN is U18100GJ2008PTC054039, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18100GJ2008PTC054039 | Current |
| U74140GJ2008PTC054039 | Previous |
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressPart – 1 S No 169/B Nr Bharwad Vaas Opp Shriram Milk Parlour Piplaj Pirana Road, Ahmedabad, Gujarat, India – 382405
- IndustryHome & Lifestyle, Textile Retail & Distribution
- 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 Gray Solutions Private Limited
The main business activities of Gray Solutions are trade and manufacturing. In detail, this covers retail trading and textile, leather and other apparel products. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
| C | Manufacturing | C2 | Textile, leather and other apparel 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 Gray Solutions Private Limited FY 2025 filings available
Gray Solutions Private Limited reported revenue of ₹17.31 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Gray Solutions Private Limited
Revenue fell 8% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 8% 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 Gray Solutions Private Limited
| 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 | ₹2.95 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.48 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 of Gray Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.5% | •••• | •••• | •••• | •••• |
| 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 Gray Solutions 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.
Board of Directors of Gray Solutions Private Limited
Gray Solutions has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pratik Navin Agarwal | Director | 04 Jun 2020 | 6 Years 4 Months | As last reported |
| Deepesh Anup Agrawal | Director | 23 Aug 2011 | 15 Years 1 Months | As last reported |
Peer Comparison of Gray Solutions Private Limited
Gray Solutions Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Star Track Footwear Private Limited | ₹17.43 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Chokhey Lal Fashion Private Limited | ₹17.42 Cr (FY 2024) | •••• | •••• | 206.0% | •••• | Delhi, India |
| Importex International Private Limited | ₹17.39 Cr (FY 2025) | •••• | •••• | 1526.0% | •••• | Bangalore, Karnataka, India |
| Batra Garments Private Limited | ₹17.36 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Phagwara, Punjab, India |
| Chitral Merchants Pvt Ltd | ₹17.34 Cr (FY 2025) | •••• | •••• | -79.0% | •••• | Kolkata, West Bengal, India |
| Gray Solutions Private Limited this company | ₹17.31 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Ahmedabad, Gujarat, India |
| Srivatsa Cottex Private Limited | ₹17.29 Cr (FY 2024) | •••• | •••• | 604.0% | •••• | Pune, Maharashtra, India |
| Pashin Industries Private Limited | ₹17.26 Cr (FY 2019) | •••• | •••• | 148.0% | •••• | Surat, Gujarat, India |
| Jainco Fabrics Private Limited | ₹17.23 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Ichalkaranji, Maharashtra, India |
| Rapa Industries Private Limited | ₹17.23 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Jaipur, Rajasthan, India |
| Suchita Marketings Private Limited | ₹17.21 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Bhilwara, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Gray Solutions by revenue in the Consumer Products industry (Textile Retail and Distribution), 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 Gray Solutions Private Limited
Gray Solutions Private Limited is audited by SINGHI & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SINGHI & 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.
Ownership and Shareholding of Gray Solutions Private Limited
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 Gray Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 May 2020 | Others | ₹30 Lakh | Satisfied |
| 04 Mar 2016 | Others | ₹4.5 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Gray Solutions Private Limited
Employment history and EPFO contributions of people linked to Gray Solutions.
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 Gray Solutions Private Limited
Gray Solutions Private Limited has 6 board changes on record since 2008: 2 appointments and 4 cessations. The latest: Kamal Ramesh Harlakha ceased to be Director on 04 Jun 2020.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Gray Solutions Private Limited
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 Gray Solutions Private Limited
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 Gray Solutions Private Limited
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 Gray Solutions Private Limited
Gray Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCG1755G1ZV | 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 Gray Solutions Private Limited
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 Gray Solutions Private Limited
Gray Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Gray Solutions was a private limited company based in Ahmedabad, Gujarat, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 26 May 2008 and is registered under CIN U18100GJ2008PTC054039. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Gray Solutions was incorporated on 26 May 2008. It is registered with the Registrar of Companies, Ahmedabad.
Gray Solutions had 2 directors:
- Pratik Navin Agarwal - Director
- Deepesh Anup Agrawal - Director
The CIN (Corporate Identification Number) of Gray Solutions is U18100GJ2008PTC054039. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Gray Solutions is at Part – 1 S No 169B Nr Bharwad Vaas Opp Shriram Milk Parlour Piplaj Pirana Road, Ahmedabad, Gujarat, India – 382405.
Gray Solutions reported revenue of ₹17.31 Cr for FY 2025 (down 8% YoY).
Gray Solutions has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹17.03 Lakh.
Gray Solutions reported a net profit of ₹1.48 Cr (net margin 8.5%) and EBITDA of ₹2.95 Cr (EBITDA margin 17%) for FY 2025, as per its filed financial statements.
The GSTIN of Gray Solutions is 24AADCG1755G1ZV, registered in Gujarat.
Gray Solutions operated in the home and lifestyle industry, in the textile retail and distribution segment.