MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-21-0000345
Kethos Tiles Private Limited - manufacturing in Talod, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹97.66 Cr
▲ 17% YoY
Net loss · FY 2022
₹40.84 Cr
Net margin -41.8%
EBITDA · FY 2022
-₹31.52 Cr
EBITDA margin -32.3%
Authorised capital
₹26 Cr
Registered with MCA
Paid-up capital
₹21 Cr
Issued & subscribed
Open charges
₹120.86 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
33
Provident fund records
About Kethos Tiles Private Limited
Data last updated:
Kethos Tiles Private Limited is a private limited company based in Talod, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 05 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ2015PTC084080. Its GSTIN is 24AAFCK9252N2Z1 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹26 Cr and a paid-up capital of ₹21 Cr. It is led by directors including Nareshkumar Maganbhai Patel and Bhupendra Ramabhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Talod, Gujarat.
As per the financials filed for FY 2022, the company reported a revenue of ₹97.66 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹40.84 Cr (net margin -41.8%) and EBITDA of -₹31.52 Cr (EBITDA margin -32.3%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years.
The company has about 33 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Kethos Tiles. As per MCA filings, the company has open charges of ₹120.86 Cr on record. Court records list 86 cases involving the company, including 45 filed by the company and 42 filed against it; 27 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹20.5 Cr; the latest was in February 2016.
Kethos Tiles Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-21-0000345). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kethostiles.com.
Company details
CIN U26933GJ2015PTC084080
Registration Number 084080
Incorporation Date 05 August 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-21-0000345
Key People
Nareshkumar Maganbhai Patel Director Bhupendra Ramabhai Patel Director Kirtishkumar Ishvarbhai Patel Director Recognitions & Rankings of Kethos Tiles
Contact details
Kethos Tiles Private Limited's registered office is in Talod, Gujarat. Its website is kethostiles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No.111 112 119(P) At – Gulab Ni Muvadi Ahmedabad – Modasa Highway Nr. Salatpur C, Hokadi, Talod, Gujarat, India – 383215
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Kethos Tiles Private Limited, buy the company report.
Comprehensive company report
Kethos Tiles 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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Brands
Kethos Tiles operates one associated brand: Kethos Tiles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures, exports, and supplies high-quality ceramic tiles. | kethostiles.com |
Business activity
The main business activity of Kethos Tiles is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Kethos Tiles Private Limited, buy the company report.
Financials of Kethos Tiles Private Limited
FY 2023 filings availableKethos Tiles Private Limited reported revenue of ₹97.66 Cr (up 17% YoY) for FY 2022.
Revenue · FY 2022
₹97.66 Cr ▲ 17%
Net loss · FY 2022
₹40.84 Cr margin -41.8%
EBITDA · FY 2022
-₹31.52 Cr margin -32.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▼ 339%
3 years · compounded
▼ 76%
Revenue has grown at a compounded annual rate (CAGR) of 25% over three years, including 17% growth in the latest year. EBITDA fell 339% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹97.66 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹31.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹40.84 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -32.3% | ||||
| Net Profit Margin | -41.8% | ||||
| 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 Kethos Tiles Private Limited, buy the company report.
Board of directors of Kethos Tiles Private Limited
Kethos Tiles has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nareshkumar Maganbhai Patel | Director | 05 Aug 2015 | 11 Years 2 Months | Current |
| Bhupendra Ramabhai Patel | Director | 05 Aug 2015 | 11 Years 2 Months | Current |
| Kirtishkumar Ishvarbhai Patel | Director | 05 Aug 2015 | 11 Years 2 Months | Current |
Auditor
Kethos Tiles Private Limited is audited by K. S. MEHTA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. S. MEHTA & ASSOCIATES | FY 2022 | 136799W |
Shareholding
The shareholding of Kethos Tiles 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 Kethos Tiles Private Limited, buy the company report.
Charges & borrowings
Open charges
₹120.86 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Dec 2020 | 100412929 | Indian Bank | ₹1.3 Cr | Open | |
| 14 Mar 2017 | 100095261 | Indian Bank | ₹59.78 Cr | Open | |
| 09 Mar 2017 | 100095265 | Indian Bank | ₹59.78 Cr | Open |
Total charge records: 3 View all charges
Deals & funding
Kethos Tiles Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹20.5 Cr; the latest was in February 2016.
Total deals
4
Secondary share transfers
3
Funding round
1
Disclosed funding
₹20.5 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Dec 2015 | Funding round | ₹20.5 Cr | Investors: 4 individuals |
| Aug 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Aug 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kethos Tiles Private Limited has 86 court cases on record: 45 filed by Kethos Tiles, 42 filed against it. 27 cases are pending and 59 are disposed.
Total cases
86
Filed by the company
45
Filed against the company
42
Pending
27
Disposed
59
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 79 | 41 | 27 |
| NCLT | 4 | 1 | 0 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 86)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Marble Point Kolkata Pvt Ltd | Pending |
| NCLT, Ahmedabad | Court case (CP(IBPP)) | Filed against the company by Kethos Tiles Private Limited | Disposed |
| NCLT, Ahmedabad | Court case (CP(IBPP)) | Filed by the company against Kethos Tiles Pvt. Ltd | Disposed |
| District court, Silvassa, DNH at Silvasa | Court case (S.C.S.) | Filed against the company by Nilkamal Limited | Disposed |
| District court, Sabarkantha at Himmatnagar, Gujarat | Commercial matter | Filed by the company against M/S Ara Tiles Pvt . Ltd. | Disposed |
To see the full case history of Kethos Tiles 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
Kethos Tiles Private Limited was last rated by Crisil on 17 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Jul 2020 |
To see the full credit ratings and regulatory alerts of Kethos Tiles Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kethos Tiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kethos Tiles Private Limited has a workforce of 33 employees on its EPFO records as of Nov 12, 2024, across 1 active EPFO establishment.
Employee count
33
Active EPFO establishments
1
Employee growth
10%
GST
Kethos Tiles has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCK9252N2Z1 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kethos Tiles Private Limited, buy the company report.
Recent activity
Kethos Tiles Private Limited has 4 board changes on record since 2015: 4 appointments. The latest: Iqbalsingh Gandhi was appointed as Irp/Rp/Liquidator on 21 Feb 2025.
Appointed
Iqbalsingh Gandhi was appointed as Irp/Rp/Liquidator.
AGM
Kethos Tiles Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Kethos Tiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
Charges
A charge with Indian Bank amounted to Rs. 1.30 Cr with Charge ID 100412929 was registered on 21 Dec 2020.
Charges
A charge with Indian Bank amounted to Rs. 59.78 Cr with Charge ID 100095261 was registered on 14 Mar 2017.
Charges
A charge with Indian Bank amounted to Rs. 59.78 Cr with Charge ID 100095265 was registered on 09 Mar 2017.
Appointed
Bhupendra Ramabhai Patel was appointed as Director.
Appointed
Kirtishkumar Ishvarbhai Patel was appointed as Director.
Appointed
Nareshkumar Maganbhai Patel was appointed as Director.
Incorporation
05 Aug 2015
Kethos Tiles Private Limited was registered on 05 Aug 2015 with Roc Ahmedabad & aged 11 years 2 months as per MCA records.
Frequently asked questions
Kethos Tiles is an active private limited company based in Talod, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 05 August 2015 (11+ years old) and is registered under CIN U26933GJ2015PTC084080.
Kethos Tiles has 3 current directors:
- Nareshkumar Maganbhai Patel - Director
- Bhupendra Ramabhai Patel - Director
- Kirtishkumar Ishvarbhai Patel - Director
The latest financial statements of Kethos Tiles on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Kethos Tiles is 24AAFCK9252N2Z1, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Kethos Tiles is U26933GJ2015PTC084080. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kethos Tiles has 86 court cases on record: 45 filed by the company and 42 filed against it. 27 are pending. Most are in the district courts.
Kethos Tiles was incorporated on 05 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kethos Tiles has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹20.5 Cr; the latest was in February 2016.
Iqbalsingh Gandhi was appointed as Irp/Rp/Liquidator on 21 Feb 2025. Bhupendra Ramabhai Patel was appointed as Director on 05 Aug 2015. Kirtishkumar Ishvarbhai Patel was appointed as Director on 05 Aug 2015. Kethos Tiles has 4 board changes on record in total.
Yes, Kethos Tiles is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-21-0000345).