Jai Elastics Private Limited
About Jai Elastics Private Limited
Data last updated:
Jai Elastics Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 23 June 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209GJ1992PTC017872. Its GSTIN is 24AAACJ4896J1Z8 (Gujarat).
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.18 Cr. It is led by directors Suresh Premchand Jaichandani and Kiran Sureshchandra Jaichandani.
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 7 Jamuna Appartment Opp Hotel Nest Sardar Patel Nagar Ellisbridge, Ahmedabad, Gujarat, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.53 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net profit of ₹2.48 Lakh (net margin 1.6%) and EBITDA of ₹3.85 Lakh (EBITDA margin 2.5%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 54% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.35 Cr and satisfied charges of ₹97 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Jai Elastics Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address7 Jamuna Appartment Opp Hotel Nest Sardar Patel Nagar Ellisbridge, Ahmedabad, Gujarat, India
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Jai Elastics Private 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
Business activity
The main business activity of Jai Elastics is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Jai Elastics Private Limited, buy the company report.
Financials of Jai Elastics Private Limited
FY 2025 filings availableJai Elastics Private Limited reported revenue of ₹1.53 Cr (down 39% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 39% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 54%. EBITDA rose 44% 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 |
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| EBITDA | ₹3.85 Lakh | ||||
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| Net Profit (PAT) | ₹2.48 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 2.5% | ||||
| Net Profit Margin | 1.6% | ||||
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To see the full financial statements and ratios of Jai Elastics Private Limited, buy the company report.
Board of directors of Jai Elastics Private Limited
Jai Elastics has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Premchand Jaichandani Also directs: Riya Texfab (India) Private Limited | Director | 24 Jun 1992 | 34 Years 4 Months | Current |
| Kiran Sureshchandra Jaichandani | Director | 06 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Jai Elastics Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RTB Designs (OPC) Private Limited | ₹1.53 Cr (FY 2025) | 10.0% | Kolkata, West Bengal, India | |||
| Jai Elastics Private Limitedthis company | ₹1.53 Cr (FY 2024) | ₹2.48 Lakh | 1.6% | -39.0% | Ahmedabad, Gujarat, India | |
| Bhawani Texfab Private Limited | ₹1.53 Cr (FY 2024) | -49.0% | Mumbai, Maharashtra, India | |||
| Mahesh Hosiery Factory Private Ltd | ₹1.53 Cr (FY 2024) | 16.0% | New Delhi, Delhi, India |
To see the full peer comparison of Jai Elastics Private Limited, buy the company report.
Auditor
Jai Elastics Private Limited is audited by K G SHAH & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K G SHAH & ASSOCIATES | FY 2017 | 126436W |
Shareholding
The shareholding of Jai Elastics Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Jai Elastics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Mar 2001 | 90112658 | Dena Bank | ₹1.35 Cr | Open | |
| 15 May 2000 | 90112595 | Dena Bank | ₹1 Cr | Open | |
| 06 Jan 2000 | 90112558 | Small Ind. Development Bank of India | ₹97 Lakh | Satisfied |
To see the full charge records of Jai Elastics Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Jai Elastics Private 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 Jai Elastics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jai Elastics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACJ4896J1Z8 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jai Elastics Private Limited, buy the company report.
Recent activity
Jai Elastics Private Limited has 5 board changes on record since 1992: 2 appointments and 3 cessations. The latest: Kiran Sureshchandra Jaichandani ceased to be Additional Director on 30 Sep 2019.
3 earlier events are in the company report.
Frequently asked questions
Jai Elastics is an active private limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 23 June 1992 (34+ years old) and is registered under CIN U25209GJ1992PTC017872.
Jai Elastics has 2 current directors:
- Suresh Premchand Jaichandani - Director
- Kiran Sureshchandra Jaichandani - Director
The latest financial statements of Jai Elastics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Jai Elastics is 24AAACJ4896J1Z8, registered in Gujarat.
The CIN (Corporate Identification Number) of Jai Elastics is U25209GJ1992PTC017872. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jai Elastics was incorporated on 23 June 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Jai Elastics by revenue are RTB Designs (OPC) Private Limited, Bhawani Texfab Private Limited, Mahesh Hosiery Factory Private Ltd, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Kiran Sureshchandra Jaichandani ceased to be Additional Director on 30 Sep 2019. Sunny Harishkumar Jaichandani ceased to be Director on 11 Mar 2019. Kiran Sureshchandra Jaichandani was appointed as Director on 06 Mar 2019. Jai Elastics has 5 board changes on record in total.
The registered office of Jai Elastics is at 7 Jamuna Appartment Opp Hotel Nest Sardar Patel Nagar Ellisbridge, Ahmedabad, Gujarat, India.
Jai Elastics operates in the manufacturing industry, in the textile and fabric production segment.
Jai Elastics has open charges of ₹2.35 Cr and satisfied charges of ₹97 Lakh as per latest MCA filings.
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