MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-32-0000482
Jet Granito Private Limited - manufacturing in Dhuva, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹40.36 Cr
▼ 53% YoY
Net profit · FY 2025
₹29.44 Lakh
Net margin 0.7%
EBITDA · FY 2025
₹4.39 Cr
EBITDA margin 10.9%
Authorised capital
₹12.6 Cr
Registered with MCA
Paid-up capital
₹12.37 Cr
Issued & subscribed
Open charges
₹41.81 Cr
Satisfied ₹4.67 Lakh
Company age
20 yrs
Est. 2006
Directors on board
2
As per MCA filings
About Jet Granito Private Limited
Data last updated:
Jet Granito Private Limited is a private limited company based in Dhuva, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 30 March 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26930GJ2006PTC048051. Its GSTIN is 24AABCJ6687Q1ZS (Gujarat).
The company has an authorised share capital of ₹12.6 Cr and a paid-up capital of ₹12.37 Cr. It is led by directors Naran Govind Vansjalia and Kiran Amarshi Vansjaliya.
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 Survey No. 119/P – 1 8 – A National Highway Matel Char Rasta Dhuva Tal. Wankaner, Gujarat, India – 363622.
As per the financials filed for FY 2025, the company reported a revenue of ₹40.36 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net profit of ₹29.44 Lakh (net margin 0.7%) and EBITDA of ₹4.39 Cr (EBITDA margin 10.9%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 20% over five years.
The company is associated with 1 brand: Jet Granito. As per MCA filings, the company has open charges of ₹41.81 Cr and satisfied charges of ₹4.67 Lakh on record. Court records list 140 cases involving the company, including 102 filed by the company and 38 filed against it; 50 cases are pending. The company has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹11.09 Cr; the latest was in March 2024. Its 5 peer companies 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) are compared by revenue, 1 larger and 4 smaller; the largest is Saimax Ceramic Private Limited with revenue of ₹41.27 Cr.
Jet Granito Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0000482). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jetgranito.com.
Company details
CIN U26930GJ2006PTC048051
Registration Number 048051
Incorporation Date 30 March 2006
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
MSME Classification Medium
Udyam Registration UDYAM-GJ-32-0000482
Recognitions & Rankings of Jet Granito
Contact details
Jet Granito Private Limited's registered office is in Dhuva, Gujarat. Its website is jetgranito.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressSurvey No. 119/P – 1 8 – A National Highway Matel Char Rasta Dhuva Tal. Wankaner, Gujarat, India – 363622
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Jet Granito Private Limited, buy the company report.
Comprehensive company report
Jet 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Jet Granito operates one associated brand: JET GRANITO. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and exports high-quality vitrified and ceramic floor tiles globally. | jetgranito.com |
Business activity
The main business activity of Jet 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 Jet Granito Private Limited, buy the company report.
Financials of Jet Granito Private Limited
FY 2024 filings availableJet Granito Private Limited reported revenue of ₹40.36 Cr (down 53% YoY) for FY 2025.
Revenue · FY 2025
₹40.36 Cr ▼ 53%
Net profit · FY 2025
₹29.44 Lakh margin 0.7%
EBITDA · FY 2025
₹4.39 Cr margin 10.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 53%
3 years · compounded
▼ 27%
5 years · compounded
▼ 20%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▼ 15%
5 years · compounded
▼ 14%
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 53% fall in the latest year. EBITDA fell 21% 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 |
|---|---|---|---|---|---|
| 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 | ₹4.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹29.44 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.9% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Jet Granito Private Limited, buy the company report.
Board of directors of Jet Granito Private Limited
Jet Granito has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naran Govind Vansjalia | Director | 15 Jun 2006 | 20 Years 4 Months | Current |
| Kiran Amarshi Vansjaliya | Director | 14 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Jet Granito Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Saimax Ceramic Private Limited | ₹41.27 Cr (FY 2025) | -20.0% | Rangpar, Gujarat, India | |||
| Jet Granito Private Limitedthis company | ₹40.36 Cr (FY 2025) | ₹29.44 Lakh | 0.7% | -53.0% | Dhuva, Gujarat, India | |
| Soriso Ceramic Private Limited | ₹40.33 Cr (FY 2025) | -22.0% | Dist: Rajkot, Gujarat, India | |||
| Strawberry Ceramic Private Limited | ₹39.83 Cr (FY 2025) | 0.0% | Morbi, Gujarat, India | |||
| Shreeji Vitrified Private Limited | ₹39.48 Cr (FY 2025) | -6.0% | Lalpar, Gujarat, India | |||
| BVL Infrastructure Private Limited | ₹39.23 Cr (FY 2024) | -31.0% | Tangutur, Andhra Pradesh, India |
To see the full peer comparison of Jet Granito Private Limited, buy the company report.
Auditor
Jet Granito Private Limited is audited by VEKARIYA & VEKARIYA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VEKARIYA & VEKARIYA | FY 2023 | 140090W |
Shareholding
The shareholding of Jet Granito 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 Jet Granito Private Limited, buy the company report.
Charges & borrowings
Open charges
₹41.81 Cr
Satisfied charges
₹4.67 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Nov 2006 | 10026941 | State Bank of India | ₹41.81 Cr | Open | |
| 16 Mar 2007 | 10047521 | Centurion Bank of Punjab Limited | ₹4.67 Lakh | Satisfied |
To see the full charge records of Jet Granito Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Jet Granito Private Limited has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹11.09 Cr; the latest was in March 2024.
Total deals
12
Secondary share transfers
8
Funding rounds
3
Rights issue
1
Disclosed funding
₹11.09 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Kassar Innovative Foods Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Kassar Innovative Foods Limited, 3 individuals Seller: Pincon Spirit Limited , Devi Durga Vintrade Private Limited , Gratification Properties Private Limited , an individual |
| Mar 2010 | Funding round | ₹2 Cr | Investors: Devi Durga Vintrade Private Limited , Jelly Commotrade Private Limited , Metro Ceramic Private Limited |
| Jan 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Pincon Spirit Limited , General Polytex Private Limited , Comti Commercial Private Limited |
| Mar 2008 | Funding round | ₹7.99 Cr | Investors: Metro Ceramic Private Limited, 3 individuals |
To see the full deal history of Jet Granito Private 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
Jet Granito Private Limited has 140 court cases on record: 102 filed by Jet Granito, 38 filed against it. 50 cases are pending and 90 are disposed.
Total cases
140
Filed by the company
102
Filed against the company
38
Pending
50
Disposed
90
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 133 | 33 | 48 |
| High courts | 4 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 1 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 140)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Court case (CR EN) | Filed against the company by Ban Labs Pvt. Ltd. Through Akshit Shukla | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed against the company by Millennium Granito India Pvt Ltd - Mehul Ambarambhai Kavadiya C.A. 500000 | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed against the company by Fiorenza Granito Pvt Ltd - Aswinbhai Chndubhai Zaloriya C.A.10000000 | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed against the company by Czar Exports Pvt Ltd - Nandishbhai Ghanshyambhai Aghara C.A.826000 | Pending |
| District court, kachchh at Bhuj, Gujarat | Criminal complaint | Filed against the company by Dilipsinh Harisinh Rathod-Prop. of Bhargav Shipping Pvt Ltd | Pending |
To see the full case history of Jet 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jet Granito Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jet Granito has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCJ6687Q1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jet Granito Private Limited, buy the company report.
Recent activity
Jet Granito Private Limited has 24 board changes on record since 2006: 13 appointments and 11 cessations. The latest: Amarshi Jerambhai Vansjaliya ceased to be Director on 14 Oct 2025.
Ceased
Amarshi Jerambhai Vansjaliya ceased to be Director.
Appointed
Kiran Amarshi Vansjaliya was appointed as Director.
AGM
Jet Granito Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Jet Granito Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Jerambhai G Vansjalia ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 41.81 Cr registered on 17 Nov 2006 with Charge ID 10026941 was modified on 20 Oct 2020.
Ceased
Kinnar Manishkumar Shah ceased to be Company Secretary.
Appointed
Kinnar Manishkumar Shah was appointed as Company Secretary.
Ceased
Ganesh Mulji Savsani ceased to be Director.
Ceased
Vipul Dhanji Savsani ceased to be Director.
Ceased
Mahendrakumar Ramniklal Savsani ceased to be Director.
Appointed
Vipul Dhanji Savsani was appointed as Director.
19 earlier events are in the company report.
Frequently asked questions
Jet Granito is an active private limited company based in Dhuva, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 30 March 2006 (20+ years old) and is registered under CIN U26930GJ2006PTC048051.
Jet Granito has 2 current directors:
- Naran Govind Vansjalia - Director
- Kiran Amarshi Vansjaliya - Director
The latest financial statements of Jet Granito 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 2015 are in the company report.
The GSTIN of Jet Granito is 24AABCJ6687Q1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Jet Granito is U26930GJ2006PTC048051. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jet Granito has 140 court cases on record: 102 filed by the company and 38 filed against it. 50 are pending. Most are in the district courts.
Jet Granito was incorporated on 30 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jet Granito has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹11.09 Cr; the latest was in March 2024.
The peers of Jet Granito by revenue are Saimax Ceramic Private Limited, Soriso Ceramic Private Limited, Strawberry Ceramic Private Limited, Shreeji Vitrified Private Limited, BVL Infrastructure 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).
Amarshi Jerambhai Vansjaliya ceased to be Director on 14 Oct 2025. Kiran Amarshi Vansjaliya was appointed as Director on 14 Oct 2025. Jerambhai G Vansjalia ceased to be Director on 24 Jan 2024. Jet Granito has 24 board changes on record in total.
Yes, Jet Granito is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-32-0000482).