About Gujarat Winding Systems Limited
Data last updated:
Gujarat Winding Systems Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the laminated and corrugated packaging segment of the packaging sector. It was incorporated on 25 March 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L22122GJ1988PLC010503. Its GSTIN is 24AAACH4745G1ZT (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 541627.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.86 Cr. It is led by directors including Hariprasad Govindram Khetan and Usha Hariprasad Khetan.
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 08 / Gokul Complex Opp. Nagri Hospital Gujarat College Road Ellisbridge, Ahmedabad, Gujarat, India – 380006.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹4 Lakh, a decline of 86.7% compared to the previous year. For the same year it recorded a net loss of ₹83 Lakh and EBITDA of -₹85 Lakh. The net worth stands at ₹3.43 Cr (down 18.1% YoY). Total assets are valued at ₹3.43 Cr (down 18.1% YoY).
The company is associated with 1 brand: Hi‐Tech Winding Systems. As per MCA filings, the company has open charges of ₹5.27 Cr on record. The company has 147 deals on record (147 market trades); the latest was in August 2026.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website hitechwindingsystems.com.
Company details
CIN history
Gujarat Winding Systems has one previous CIN (Corporate Identification Number): U22122GJ1988PLC010503. The current CIN is L22122GJ1988PLC010503, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L22122GJ1988PLC010503 | Current |
| U22122GJ1988PLC010503 | Previous |
Contact details
Gujarat Winding Systems Limited's registered office is in Ahmedabad, Gujarat. Its website is hitechwindingsystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address08 / Gokul Complex Opp. Nagri Hospital Gujarat College Road Ellisbridge, Ahmedabad, Gujarat, India – 380006
- IndustryPackaging, Laminated & Corrugated Packaging, Paper
To see the full contact details of Gujarat Winding Systems Limited, buy the company report.
- 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
Brands
Gujarat Winding Systems operates one associated brand: Hi‐Tech Winding Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Paper tubes, cardboard, films, wrappers, and cones are manufactured. | hitechwindingsystems.com |
Financials of Gujarat Winding Systems Limited
FY 2025-26 filings availableGujarat Winding Systems Limited reported revenue of ₹4 Lakh (down 86.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.04 | 0.30 | 0.00 | 0.00 | 0.00 | 2.90 | 7.78 |
| Revenue growth | -86.7% | - | - | - | -100.0% | -62.7% | - |
| EBITDA | (0.85) | 0.08 | (0.01) | (0.08) | (0.10) | (0.03) | 0.05 |
| EBITDA margin | -2125.0% | +26.7% | - | - | - | -1.0% | +0.6% |
| Profit before tax | (0.83) | 0.08 | 0.01 | 0.00 | 0.00 | 0.02 | 0.13 |
| Net profit | (0.83) | 0.06 | 0.01 | 0.00 | 0.00 | 0.02 | 0.10 |
| Net profit margin | -2075.0% | +20.0% | - | - | - | +0.7% | +1.3% |
| EPS (₹) | (1.71) | 0.12 | 0.00 | 0.00 | 0.00 | 0.02 | 0.18 |
| Balance sheet | |||||||
| Total assets | 3.43 | 4.19 | 4.14 | 4.14 | 4.14 | 4.14 | 4.13 |
| Net worth | 3.43 | 4.19 | 4.14 | 4.14 | 4.14 | 4.14 | 4.13 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 0.08 | 0.08 | 0.14 | 0.12 | 0.09 | 0.07 | 0.07 |
| Net working capital | 0.23 | 0.56 | 0.44 | 0.42 | 0.44 | 0.57 | 1.57 |
| Cash flow | |||||||
| Cash from operations | (0.17) | (0.11) | 0.01 | 0.03 | 0.02 | 0.00 | 1.05 |
| Cash from investing | 0.17 | 0.06 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from financing | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 0.00 | (1.00) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.03 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other income | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.07 | 0.15 |
| Total expenses | 2.05 | 0.02 | 0.52 | 0.04 | 0.04 | 0.30 | 0.09 | 0.09 |
| EBITDA | (0.02) | (0.02) | (0.50) | (0.04) | (0.04) | (0.30) | (0.09) | (0.09) |
| EBITDA margin | -1.0% | - | -2500.0% | - | - | - | - | - |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.02) | (0.01) | (0.49) | (0.03) | (0.03) | (0.29) | (0.02) | 0.06 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.03 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other income | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.07 | 0.15 |
| Total expenses | 2.05 | 0.02 | 0.52 | 0.04 | 0.04 | 0.30 | 0.09 | 0.09 |
| EBITDA | (0.02) | (0.02) | (0.50) | (0.04) | (0.04) | (0.30) | (0.09) | (0.09) |
| EBITDA margin | -1.0% | - | -2500.0% | - | - | - | - | - |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.02) | (0.01) | (0.49) | (0.03) | (0.03) | (0.29) | (0.02) | 0.06 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.04 | 0.30 | 0.00 | 0.00 | 0.00 | 2.90 | 7.78 |
| Revenue growth | -86.7% | - | - | - | -100.0% | -62.7% | - |
| Other income | 0.02 | 0.00 | 0.02 | 0.08 | 0.10 | 0.05 | 0.08 |
| Total expenses | 0.89 | 0.22 | 0.01 | 0.08 | 0.10 | 2.93 | 7.73 |
| Employee cost | 0.03 | 0.06 | 0.00 | 0.01 | 0.02 | 0.06 | 0.11 |
| EBITDA | (0.85) | 0.08 | (0.01) | (0.08) | (0.10) | (0.03) | 0.05 |
| EBITDA margin | -2125.0% | +26.7% | - | - | - | -1.0% | +0.6% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.83) | 0.08 | 0.01 | 0.00 | 0.00 | 0.02 | 0.13 |
| Tax | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 |
| Net profit | (0.83) | 0.06 | 0.01 | 0.00 | 0.00 | 0.02 | 0.10 |
| Net profit margin | -2075.0% | +20.0% | - | - | - | +0.7% | +1.3% |
| EPS (₹) | (1.71) | 0.12 | 0.00 | 0.00 | 0.00 | 0.02 | 0.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.86 | 4.86 | 4.86 | 4.86 | 4.86 | 4.86 | 4.86 |
| Reserves & surplus | (1.43) | (0.67) | (0.72) | (0.72) | (0.72) | (0.72) | (0.73) |
| Shareholders' funds (net worth) | 3.43 | 4.19 | 4.14 | 4.14 | 4.14 | 4.14 | 4.13 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 3.43 | 4.19 | 4.14 | 4.14 | 4.14 | 4.14 | 4.13 |
| Assets | |||||||
| Gross block | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Net block | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.00 | 0.37 | 0.37 | 0.37 | 0.37 | 0.47 | 0.46 |
| Cash & bank balances | 0.08 | 0.08 | 0.14 | 0.12 | 0.09 | 0.07 | 0.07 |
| Loans & advances | 0.17 | 0.21 | 0.01 | 0.01 | 0.06 | 0.11 | 1.12 |
| Total current assets | 0.25 | 0.66 | 0.52 | 0.50 | 0.52 | 0.65 | 1.65 |
| Total current liabilities | 0.02 | 0.10 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Net working capital | 0.23 | 0.56 | 0.44 | 0.42 | 0.44 | 0.57 | 1.57 |
| Total assets | 3.43 | 4.19 | 4.14 | 4.14 | 4.14 | 4.14 | 4.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.08 | 0.14 | 0.12 | 0.09 | 0.07 | 0.07 | 0.02 |
| Net cash from operating activities | (0.17) | (0.11) | 0.01 | 0.03 | 0.02 | 0.00 | 1.05 |
| Net cash from investing activities | 0.17 | 0.06 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net cash from financing activities | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 0.00 | (1.00) |
| Net change in cash | 0.00 | (0.06) | 0.02 | 0.03 | 0.02 | 0.00 | 0.05 |
| Closing cash | 0.08 | 0.08 | 0.14 | 0.12 | 0.09 | 0.07 | 0.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -86.7% | - | - | - | -100.0% | -62.7% | - |
| EBITDA growth | -1162.5% | +900.0% | +87.5% | +20.0% | -233.3% | -160.0% | - |
| PBT growth | - | +700.0% | +9997.0% | +9997.0% | +9997.0% | -84.6% | -13.3% |
| Net income growth | -1483.3% | +500.0% | - | - | -100.0% | -80.0% | - |
| Revenue CAGR (3Y) | - | - | -100.0% | -100.0% | -100.0% | +73.0% | +108.4% |
| EBITDA CAGR (3Y) | +119.8% | - | -30.7% | - | - | -33.1% | +35.7% |
| Profitability & leverage | |||||||
| Net income margin | -2075.0% | +20.0% | - | - | - | +0.7% | +1.3% |
| Return on capital employed | 0.0% | +1.8% | 0.0% | 0.0% | 0.0% | +0.2% | +2.2% |
| Return on net worth | 0.0% | +1.3% | 0.0% | 0.0% | 0.0% | +0.2% | +1.9% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.80 | 6.00 | 0.00 | 0.00 | 0.00 | 72.50 | 194.50 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.22 | 0.81 | 0.00 | 0.00 | 0.00 | 6.24 | 18.75 |
| EPS (₹) | (1.71) | 0.12 | 0.00 | 0.00 | 0.00 | 0.02 | 0.18 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 7.05 | 8.63 | 8.52 | 8.52 | 8.52 | 8.50 | 8.48 |
To see the full year-wise statements and ratios of Gujarat Winding Systems Limited, buy the company report.
Board of directors of Gujarat Winding Systems Limited
Gujarat Winding Systems has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hariprasad Govindram Khetan Also directs: Citizen Yarns Limited | Director | 01 Jun 2006 | 20 Years 5 Months | Current |
| Usha Hariprasad Khetan | Director | 01 Jun 2006 | 20 Years 5 Months | Current |
| Chandu Bhai Dhanabhai Vaghela Also directs: Amiganga Infrastructure Limited | Director | 01 Jun 2006 | 20 Years 5 Months | Current |
| Shaileshbhai Chauhan | Director | 09 Nov 2017 | 9 Years 0 Months | Current |
| Ashaben Daujibhai Sharma | Additional Director | 03 Jan 2025 | 1 Years 10 Months | Current |
Auditor
Gujarat Winding Systems Limited is audited by Gaurang Vora & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gaurang Vora & Associates | FY 2023 | 103110W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 9.20%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 90.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 9.20% | 9.20% | 9.20% | 9.20% |
| Public | 90.80% | 90.80% | 90.80% | 90.80% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 1998 | 90096518 | Co-Operative Bank of Ahmedabad Ltd. | ₹20 Lakh | Open | |
| 11 Sep 1996 | 90096432 | Bank of India | ₹50 Lakh | Open | |
| 02 Feb 1996 | 90098335 | Scici Ltd. | ₹3.46 Cr | Open | |
| 27 Jan 1994 | 90097833 | Bank of India | ₹25 Lakh | Open | |
| 27 Jan 1994 | 90101462 | Bank of India | ₹30 Lakh | Open |
To see the full charge records of Gujarat Winding Systems Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Gujarat Winding Systems Limited has 147 deals on record (147 market trades); the latest was in August 2026.
Deals on record (5 of 147)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹3.2 Lakh | Buyer: Kreon Finnancial Services Limited |
| Aug 2026 | Market trade | ₹4.4 Lakh | Buyer: Kreon Finnancial Services Limited |
| Aug 2026 | Market trade | ₹4.7 Lakh | Buyer: Kreon Finnancial Services Limited |
| Aug 2026 | Market trade | ₹5.5 Lakh | Buyer: Raj Breeders and Hatcheries Private Limited , an individual |
| Aug 2026 | Market trade | ₹3.6 Lakh | Buyer: Kreon Finnancial Services Limited Seller: an individual |
To see the full deal history of Gujarat Winding Systems Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Gujarat Winding Systems Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gujarat Winding Systems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gujarat Winding Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH4745G1ZT | Gujarat | Active | 09 Aug 2017 |
To see the full GST registrations and return filing status of Gujarat Winding Systems Limited, buy the company report.
Recent activity
Gujarat Winding Systems Limited has 10 board changes on record since 2006: 5 appointments and 5 cessations. The latest: Anita Ramchandani ceased to be Company Secretary on 02 Jun 2025.
14 earlier events are in the company report.
Frequently asked questions
Gujarat Winding Systems is an active public limited company based in Ahmedabad, Gujarat, India. The company works in laminated and corrugated packaging, within the packaging industry. It was incorporated on 25 March 1988 (38+ years old) and is registered under CIN L22122GJ1988PLC010503. Listed on BSE: 541627.
Gujarat Winding Systems reported revenue of ₹4 Lakh for FY 2025-26 (down 86.7% YoY) based on standalone financials.
Gujarat Winding Systems has 5 current directors:
- Hariprasad Govindram Khetan - Director
- Usha Hariprasad Khetan - Director
- Chandu Bhai Dhanabhai Vaghela - Director
- Shaileshbhai Chauhan - Director
- Ashaben Daujibhai Sharma - Additional Director
The latest financial statements of Gujarat Winding Systems on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gujarat Winding Systems is 24AAACH4745G1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Gujarat Winding Systems is L22122GJ1988PLC010503. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Gujarat Winding Systems is a listed company as per MCA records. Its shares are listed on BSE (code: 541627).
Gujarat Winding Systems was incorporated on 25 March 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Gujarat Winding Systems has 147 deals on record (147 market trades); the latest was in August 2026.
Anita Ramchandani ceased to be Company Secretary on 02 Jun 2025. Ashaben Daujibhai Sharma was appointed as Additional Director on 03 Jan 2025. Patel Maheshbhai Harshad ceased to be Director on 09 Nov 2017. Gujarat Winding Systems has 10 board changes on record in total.
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