MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-32-0000048
Itacon Granito Private Limited - manufacturing in Morbi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹80.97 Cr
▼ 9% YoY
Net profit · FY 2025
₹9.28 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹7.04 Cr
EBITDA margin 8.7%
Authorised capital
₹16 Cr
Registered with MCA
Paid-up capital
₹15.81 Cr
Issued & subscribed
Open charges
₹31.5 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
19
Provident fund records
About Itacon Granito Private Limited
Data last updated:
Itacon Granito Private Limited is a private limited company based in Morbi, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 20 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26100GJ2017PTC095874. Its GSTIN is 24AAECI4020M1ZR (Gujarat).
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹15.81 Cr. It is led by directors including Jayeshkumar Avcharbhai Sitapara and Rushilkumar Jayeshbhai Sitapara.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Behind Shiv Weigh Bridge Village: Rangpar, Morbi, Gujarat, India – 363642.
As per the financials filed for FY 2025, the company reported a revenue of ₹80.97 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹9.28 Lakh (net margin 0.1%) and EBITDA of ₹7.04 Cr (EBITDA margin 8.7%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
The company has about 19 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Itacon Granito and Itacon. As per MCA filings, the company has open charges of ₹31.5 Cr on record. Court records list 10 cases involving the company, including 9 filed by the company and 1 filed against it; 3 cases are pending.
Itacon Granito Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0000048). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itacongranito.com.
Company details
CIN U26100GJ2017PTC095874
Registration Number 095874
Incorporation Date 20 February 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 21 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-32-0000048
Key People
Jayeshkumar Avcharbhai Sitapara Director Rushilkumar Jayeshbhai Sitapara Director Prashant Dayalal Sitapara Director Recognitions & Rankings of Itacon Granito
Contact details
Itacon Granito Private Limited's registered office is in Morbi, Gujarat. Its website is itacongranito.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBehind Shiv Weigh Bridge Village: Rangpar, Morbi, Gujarat, India – 363642
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Itacon Granito Private Limited, buy the company report.
Comprehensive company report
Itacon Granito 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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Secure checkout · GST invoice included
Brands
Itacon Granito operates two associated brands: Itacon Granito and Itacon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces innovative porcelain and ceramic tiles for floors, walls, and outdoor spaces. | itacongranito.com | |
| Manufacturing of porcelain and ceramic tiles with a focus on innovation and quality. | tecontiles.com |
Business activity
The main business activity of Itacon Granito is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Itacon Granito Private Limited, buy the company report.
Financials of Itacon Granito Private Limited
FY 2025 filings availableItacon Granito Private Limited reported revenue of ₹80.97 Cr (down 9% YoY) for FY 2025.
Revenue · FY 2025
₹80.97 Cr ▼ 9%
Net profit · FY 2025
₹9.28 Lakh margin 0.1%
EBITDA · FY 2025
₹7.04 Cr margin 8.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▼ 2%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 32%
3 years · compounded
▼ 1%
5 years · compounded
▼ 6%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 9% fall in the latest year. EBITDA rose 32% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹7.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.28 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.7% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Itacon Granito Private Limited, buy the company report.
Board of directors of Itacon Granito Private Limited
Itacon Granito has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayeshkumar Avcharbhai Sitapara Also directs: Allure International LLP, Tecon Tiles Private Limited | Director | 20 Feb 2017 | 9 Years 8 Months | Current |
| Rushilkumar Jayeshbhai Sitapara Also directs: Allure International LLP | Director | 21 Jul 2025 | 1 Years 3 Months | Current |
| Prashant Dayalal Sitapara Also directs: Laliga Ceramica LLP, Aditya Building Materials LLP | Director | 01 Aug 2018 | 8 Years 2 Months | Current |
Peer comparison
Itacon Granito Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Italica Floor Tiles Private Limited | ₹81.92 Cr (FY 2025) | 2.0% | Tal - Morbi, Gujarat, India | |||
| Noken Vitrified Private Limited | ₹81.22 Cr (FY 2025) | -19.0% | Morbi, Gujarat, India | |||
| Itacon Granito Private Limitedthis company | ₹80.97 Cr (FY 2025) | ₹9.28 Lakh | 0.1% | -9.0% | 19 | Morbi, Gujarat, India |
| Zarko Granito Private Limited | ₹80.43 Cr (FY 2025) | -17.0% | Morbi, Gujarat, India | |||
| MQ Surfaces Private Limited | ₹80.17 Cr (FY 2025) | 21.0% | Nathdwara, Rajasthan, India |
To see the full peer comparison of Itacon Granito Private Limited, buy the company report.
Auditor
Itacon Granito Private Limited is audited by K R MEHTA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K R MEHTA & ASSOCIATES | FY 2021 | 143370W |
Shareholding
The shareholding of Itacon Granito Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Itacon Granito Private Limited, buy the company report.
Charges & borrowings
Open charges
₹31.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Aug 2017 | 100121696 | State Bank of India | ₹31.5 Cr | Open |
To see the full charge records of Itacon Granito Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Itacon Granito Private Limited has 10 court cases on record: 9 filed by Itacon Granito, 1 filed against it. 3 cases are pending and 7 are disposed.
Total cases
10
Filed by the company
9
Filed against the company
1
Pending
3
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 1 | 2 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against Emilia Export and 1 other | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by an individual | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Disposed |
To see the full case history of Itacon Granito 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.
Credit ratings & regulatory alerts
Itacon Granito Private Limited was last rated by Brickwork on 22 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 22 Nov 2021 |
To see the full credit ratings and regulatory alerts of Itacon Granito Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Itacon Granito Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Itacon Granito Private Limited has a workforce of 19 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
19
Active EPFO establishments
1
Employee growth
-5%
GST
Itacon Granito has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECI4020M1ZR | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Itacon Granito Private Limited, buy the company report.
Recent activity
Itacon Granito Private Limited has 8 board changes on record since 2017: 3 appointments and 5 cessations. The latest: Rushilkumar Jayeshbhai Sitapara was appointed as Director on 21 Jul 2025.
AGM
Itacon Granito Private Limited last Annual general meeting of members was held on 21 Aug 2025 as per latest MCA records.
Appointed
Rushilkumar Jayeshbhai Sitapara was appointed as Director.
Filing
Itacon Granito Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Rushilkumar Jayeshbhai Sitapara ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 31.50 Cr registered on 23 Aug 2017 with Charge ID 100121696 was modified on 26 Feb 2024.
Ceased
Ravibhai Arvindbhai Adroja ceased to be Director.
Ceased
Qusai Abizar Lakdawala ceased to be Director.
Ceased
Hitendra Jethalal Patel ceased to be Director.
Appointed
Prashant Dayalal Sitapara was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 31.50 Cr with Charge ID 100121696 was registered on 23 Aug 2017.
Ceased
Piyushkumar Keshavjibhai Adroja ceased to be Director.
Appointed
Jayeshkumar Avcharbhai Sitapara was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Itacon Granito is an active private limited company based in Morbi, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 20 February 2017 (9+ years old) and is registered under CIN U26100GJ2017PTC095874.
Itacon Granito has 3 current directors:
- Jayeshkumar Avcharbhai Sitapara - Director
- Rushilkumar Jayeshbhai Sitapara - Director
- Prashant Dayalal Sitapara - Director
The latest financial statements of Itacon Granito on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 August 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Itacon Granito is 24AAECI4020M1ZR, registered in Gujarat.
The CIN (Corporate Identification Number) of Itacon Granito is U26100GJ2017PTC095874. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itacon Granito has 10 court cases on record: 9 filed by the company and 1 filed against it. 3 are pending. Most are in the district courts.
Itacon Granito was incorporated on 20 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Itacon Granito by revenue are Italica Floor Tiles Private Limited, Noken Vitrified Private Limited, Zarko Granito Private Limited, MQ Surfaces Private Limited, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Rushilkumar Jayeshbhai Sitapara was appointed as Director on 21 Jul 2025. Rushilkumar Jayeshbhai Sitapara ceased to be Director on 01 Aug 2024. Ravibhai Arvindbhai Adroja ceased to be Director on 17 Oct 2023. Itacon Granito has 8 board changes on record in total.
Yes, Itacon Granito is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-32-0000048).
Itacon Granito can be reached through the website itacongranito.com. Its registered office is in Morbi, Gujarat, India.