MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-22-0129685
Lubgi Laces Private Limited
Lubgi Laces Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.68 Cr
▲ 59% YoY
Net profit · FY 2025
₹1.37 Lakh
Net margin 0.8%
EBITDA · FY 2025
₹26.35 Lakh
EBITDA margin 15.7%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹40 Lakh
Issued & subscribed
Open charges
₹2.49 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Directors on board
4
As per MCA filings
About Lubgi Laces Private Limited
Data last updated:
Lubgi Laces Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 16 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17300GJ2016PTC094729. Its GSTIN is 24AADCL2107R1ZF (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors including Jagdishbhai Pragjibhai Sonani and Hareshbhai Pragjibhai Sonani.
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 A – 702 Bhavani Heights Near Maharaja Farm Motavarachha Chorasi, Surat, Gujarat, India – 394101.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.68 Cr, a growth of 59% compared to the previous year. For the same year it recorded a net profit of ₹1.37 Lakh (net margin 0.8%) and EBITDA of ₹26.35 Lakh (EBITDA margin 15.7%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 12% over five years.
As per MCA filings, the company has open charges of ₹2.49 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Lubgi Laces Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0129685). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17300GJ2016PTC094729
Registration Number 094729
Incorporation Date 16 December 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0129685
Key People
Jagdishbhai Pragjibhai Sonani Director Hareshbhai Pragjibhai Sonani Director Javanikaben Jagdishbhai Sonani Director Recognitions & Rankings of Lubgi Laces
Contact details
Lubgi Laces Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA – 702 Bhavani Heights Near Maharaja Farm Motavarachha Chorasi, Surat, Gujarat, India – 394101
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Lubgi Laces Private Limited, buy the company report.
Comprehensive company report
Lubgi Laces 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
Business activity
The main business activity of Lubgi Laces 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 Lubgi Laces Private Limited, buy the company report.
Financials of Lubgi Laces Private Limited
FY 2025 filings availableLubgi Laces Private Limited reported revenue of ₹1.68 Cr (up 59% YoY) for FY 2025.
Revenue · FY 2025
₹1.68 Cr ▲ 59%
Net profit · FY 2025
₹1.37 Lakh margin 0.8%
EBITDA · FY 2025
₹26.35 Lakh margin 15.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 59%
3 years · compounded
▼ 12%
5 years · compounded
▼ 12%
EBITDA CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 97%
5 years · compounded
▲ 65%
Revenue rose 59% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 12%. EBITDA fell 16% 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 | ₹26.35 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.37 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 | 15.7% | ||||
| Net Profit Margin | 0.8% | ||||
| 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 Lubgi Laces Private Limited, buy the company report.
Board of directors of Lubgi Laces Private Limited
Lubgi Laces has 4 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 |
|---|---|---|---|---|
| Jagdishbhai Pragjibhai Sonani | Director | 16 Dec 2016 | 9 Years 10 Months | Current |
| Hareshbhai Pragjibhai Sonani | Director | 16 Dec 2016 | 9 Years 10 Months | Current |
| Javanikaben Jagdishbhai Sonani | Director | 24 Dec 2016 | 9 Years 10 Months | Current |
| Hiralben Sonani Hareshbhai | Director | 24 Dec 2016 | 9 Years 10 Months | Current |
Peer comparison
Lubgi Laces Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Bhumi Texfab Private Limited | ₹1.69 Cr (FY 2025) | -10.0% | Dhule, Maharashtra, India | |||
| Bhushit Textiles Private Limited | ₹1.69 Cr (FY 2024) | -84.0% | Shirpur, Maharashtra, India | |||
| Natraj Fibres Pvt Ltd | ₹1.69 Cr (FY 2024) | 10.0% | Surat, Gujarat, India | |||
| Imfa Exim Private Limited | ₹1.69 Cr (FY 2025) | -13.0% | Mumbai, Maharashtra, India | |||
| Ansh Texttile Private Limited | ₹1.68 Cr (FY 2025) | -14.0% | Mumbai, Maharashtra, India | |||
| Lubgi Laces Private Limitedthis company | ₹1.68 Cr (FY 2025) | ₹1.37 Lakh | 0.8% | 59.0% | Surat, Gujarat, India | |
| T.G.Tex Private Limited | ₹1.68 Cr (FY 2024) | 6.0% | Puducherry, India |
To see the full peer comparison of Lubgi Laces Private Limited, buy the company report.
Auditor
Lubgi Laces Private Limited is audited by PARTH SASPARA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARTH SASPARA & CO | FY 2019 | 141543W |
Shareholding
The shareholding of Lubgi Laces Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Lubgi Laces Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.49 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2025 | 101096814 | Others | ₹1.3 Cr | Open | |
| 15 Jun 2022 | 100587793 | Others | ₹1.19 Cr | Open |
To see the full charge records of Lubgi Laces Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Lubgi Laces Private Limited has 1 court case on record: 1 filed by Lubgi Laces. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Lubgi Laces 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 Lubgi Laces Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Lubgi Laces has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCL2107R1ZF | Gujarat | Active | 01 Jul 2017 |
| 19AADCL2107R1Z6 | West Bengal | Active | 27 Jul 2017 |
To see the full GST registrations and return filing status of Lubgi Laces Private Limited, buy the company report.
Recent activity
Lubgi Laces Private Limited has 6 board changes on record since 2016: 4 appointments and 2 cessations. The latest: Hiralben Sonani Hareshbhai ceased to be Additional Director on 30 Sep 2017.
AGM
Lubgi Laces Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 119.00 Lakh registered on 15 Jun 2022 with Charge ID 100587793 was modified on 26 May 2025.
Charges
A charge with Others amounted to Rs. 130.00 Lakh with Charge ID 101096814 was registered on 30 Apr 2025.
Filing
Lubgi Laces Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 119.00 Lakh with Charge ID 100587793 was registered on 15 Jun 2022.
Ceased
Hiralben Sonani Hareshbhai ceased to be Additional Director.
Ceased
Javanikaben Jagdishbhai Sonani ceased to be Additional Director.
Appointed
Hiralben Sonani Hareshbhai was appointed as Director.
Appointed
Javanikaben Jagdishbhai Sonani was appointed as Director.
Appointed
Hareshbhai Pragjibhai Sonani was appointed as Director.
Appointed
Jagdishbhai Pragjibhai Sonani was appointed as Director.
Incorporation
16 Dec 2016
Lubgi Laces Private Limited was registered on 16 Dec 2016 with Roc Ahmedabad & aged 9 years 10 months as per MCA records.
Frequently asked questions
Lubgi Laces is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 16 December 2016 (10+ years old) and is registered under CIN U17300GJ2016PTC094729.
Lubgi Laces has 4 current directors:
- Jagdishbhai Pragjibhai Sonani - Director
- Hareshbhai Pragjibhai Sonani - Director
- Javanikaben Jagdishbhai Sonani - Director
- Hiralben Sonani Hareshbhai - Director
The latest financial statements of Lubgi Laces 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 FY 2017 are in the company report.
The GSTIN of Lubgi Laces is 24AADCL2107R1ZF, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 19AADCL2107R1Z6 (West Bengal).
The CIN (Corporate Identification Number) of Lubgi Laces is U17300GJ2016PTC094729. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lubgi Laces has 1 court case on record: 1 filed by the company.
Lubgi Laces was incorporated on 16 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Lubgi Laces by revenue are Bhumi Texfab Private Limited, Bhushit Textiles Private Limited, Natraj Fibres Pvt Ltd, Imfa Exim Private Limited, Ansh Texttile Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Hiralben Sonani Hareshbhai ceased to be Additional Director on 30 Sep 2017. Javanikaben Jagdishbhai Sonani ceased to be Additional Director on 30 Sep 2017. Hiralben Sonani Hareshbhai was appointed as Director on 24 Dec 2016. Lubgi Laces has 6 board changes on record in total.
Yes, Lubgi Laces is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0129685).
The registered office of Lubgi Laces is at A – 702 Bhavani Heights Near Maharaja Farm Motavarachha Chorasi, Surat, Gujarat, India – 394101.
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