MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-32-0001664
Mactile India Private Limited - manufacturing in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹135.03 Cr
▲ 12% YoY
Net profit · FY 2024
₹1.63 Cr
Net margin 1.2%
EBITDA · FY 2024
₹14.04 Cr
EBITDA margin 10.4%
Authorised capital
₹37.52 Cr
Registered with MCA
Paid-up capital
₹27.52 Cr
Issued & subscribed
Open charges
₹112.33 Cr
Satisfied ₹84.75 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
11
Provident fund records
About Mactile India Private Limited
Data last updated:
Mactile India Private Limited is a private limited company based in Rajkot, Gujarat, India, a subsidiary of Nitco Limited. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 11 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ2011PTC066282. Its GSTIN is 24AADCN6866B1ZK (Gujarat).
The company has an authorised share capital of ₹37.52 Cr and a paid-up capital of ₹27.52 Cr. It was formerly known as New Vardhman Vitrified Private Limited. It is led by directors including Ashwinkumar Babulal Patel and Shailesh Jivanbhai Likhia.
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 Plot No. 4 Survey No. 113/P3 Near Toll Naka 8 – A National Highway Vaghasiya Wakaner, Rajkot, Gujarat, India – 363621.
As per the financials filed for FY 2024, the company reported a revenue of ₹135.03 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹1.63 Cr (net margin 1.2%) and EBITDA of ₹14.04 Cr (EBITDA margin 10.4%). Revenue has grown at a compounded annual rate (CAGR) of 75% over three years and 19% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: New Vardhman. As per MCA filings, the company has open charges of ₹112.33 Cr and satisfied charges of ₹84.75 Cr on record. Court records list 18 cases involving the company, including 10 filed by the company and 9 filed against it; 5 cases are pending. The company has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹30.93 Cr; the latest was in March 2021. Its 4 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 3 smaller; the largest is Landgrace Ceramic Private Limited with revenue of ₹141.89 Cr.
Mactile India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0001664). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website newvardhman.com.
Company details
CIN U26933GJ2011PTC066282
Registration Number 066282
Incorporation Date 11 July 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Nitco Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-32-0001664
Name history
Mactile India has undergone 2 name changes throughout its history. The company was previously known as New Vardhman Vitrified Private Limited, and Mactile India Private Limited. The current legal name is Mactile India Private Limited.
| Company Name | Status |
|---|---|
| Mactile India Private Limited | Current |
| New Vardhman Vitrified Private Limited | Previous |
Key People
Satyanarayanarao Kalikivayivani Nominee Director Shekhar Chandra Sati Nominee Director Ashwinkumar Babulal Patel Director Recognitions & Rankings of Mactile India
Contact details
Mactile India Private Limited's registered office is in Rajkot, Gujarat. Its website is newvardhman.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 4 Survey No. 113/P3 Near Toll Naka 8 – A National Highway Vaghasiya Wakaner, Rajkot, Gujarat, India – 363621
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Mactile India Private Limited, buy the company report.
Comprehensive company report
Mactile India 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
Mactile India operates one associated brand: New Vardhman. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality tile products. | newvardhman.com |
Business activity
The main business activity of Mactile India 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 Mactile India Private Limited, buy the company report.
Financials of Mactile India Private Limited
FY 2024 filings availableMactile India Private Limited reported revenue of ₹135.03 Cr (up 12% YoY) for FY 2024.
Revenue · FY 2024
₹135.03 Cr ▲ 12%
Net profit · FY 2024
₹1.63 Cr margin 1.2%
EBITDA · FY 2024
₹14.04 Cr margin 10.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 75%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 19%
5 years · compounded
▲ 43%
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 12% growth in the latest year. EBITDA rose 12% 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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| Total Expenses | |||||
| EBITDA | ₹14.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.63 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.4% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Mactile India Private Limited, buy the company report.
Board of directors of Mactile India Private Limited
Mactile India has 8 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satyanarayanarao Kalikivayivani Also directs: Metro City Tiles Private Limited, Metroworld Tiles Private Limited, Indix Internet India Private Limited and 2 more | Nominee Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Shekhar Chandra Sati Also directs: Metro City Tiles Private Limited, Shemd Technologies India LLP, Hella Infra Market Wood Products Private Limited and 1 more | Nominee Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Ashwinkumar Babulal Patel | Director | 01 Jan 2021 | 5 Years 9 Months | Current |
| Shailesh Jivanbhai Likhia | Director | 01 Aug 2023 | 3 Years 2 Months | Current |
| Dinesh Bhatia Also directs: Metro City Tiles Private Limited, Metroworld Tiles Private Limited, Millenium Papers Private Limited and 1 more | Nominee Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Manish Porwal Also directs: Metro City Tiles Private Limited, Metroworld Tiles Private Limited, Gravitas Infracon LLP and 5 more | Nominee Director | 01 Apr 2024 | 2 Years 6 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Mactile India 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 |
|---|---|---|---|---|---|---|
| Landgrace Ceramic Private Limited | ₹141.89 Cr (FY 2025) | 653.0% | Sartanpar, Gujarat, India | |||
| Mactile India Private Limitedthis company | ₹135.03 Cr (FY 2024) | ₹1.63 Cr | 1.2% | 12.0% | 11 | Rajkot, Gujarat, India |
| Duravit India Private Limited | ₹133.76 Cr (FY 2025) | 11.0% | Ahmedabad, Gujarat, India | |||
| Gresart Ceramica Private Limited | ₹130.88 Cr (FY 2025) | -1.0% | Morbi, Gujarat, India | |||
| Range Ceramic Private Limited | ₹130.55 Cr (FY 2025) | -2.0% | Morbi, Gujarat, India |
To see the full peer comparison of Mactile India Private Limited, buy the company report.
Auditor
Mactile India Private Limited is audited by VSSK & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VSSK & CO. | FY 2023 | 142999W |
Shareholding
The shareholding of Mactile India 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mactile India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹112.33 Cr
Satisfied charges
₹84.75 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Apr 2023 | 100702492 | Others | ₹8.7 Lakh | Open | |
| 12 Apr 2023 | 100702495 | Others | ₹1.9 Lakh | Open | |
| 28 Feb 2022 | 100548045 | Others | ₹68.25 Cr | Open | |
| 12 Mar 2021 | 100427526 | Others | ₹43.97 Cr | Open | |
| 28 Feb 2012 | 10342128 | Punjab National Bank | ₹84.75 Cr | Satisfied |
To see the full charge records of Mactile India Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Mactile India Private Limited has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹30.93 Cr; the latest was in March 2021.
Total deals
11
Secondary share transfers
6
Funding rounds
5
Disclosed funding
₹30.93 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Pravinbhai S.Shah HUF, 3 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Nitco Limited |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: KPM Realty Private Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Sanket Enterprises Private Limited , an individual |
To see the full deal history of Mactile India 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
Mactile India Private Limited has 18 court cases on record: 10 filed by Mactile India, 9 filed against it. 5 cases are pending and 13 are disposed.
Total cases
18
Filed by the company
10
Filed against the company
9
Pending
5
Disposed
13
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 7 | 3 |
| High courts | 5 | 2 | 2 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by Nitco Limited and 6 others | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by New Vardhman Vitrified Pvt. Ltd. S Director Rajeshbhai Jivrajbhai | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Nitco Limited and 10 others | Pending |
| District court, Sabarkantha at Himmatnagar, Gujarat | Court case (SPCS) | Filed against the company by Keshav Multipack(India) Pvt. Ltd. Authorised Signatory and Director Vinodbhai Dolabhai Patel | Disposed |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Mactile India 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
Mactile India Private Limited was last rated by Care on 03 Feb 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 03 Feb 2023 |
To see the full credit ratings and regulatory alerts of Mactile India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mactile India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mactile India Private Limited has a workforce of 11 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
11
Active EPFO establishments
1
GST
Mactile India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCN6866B1ZK | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mactile India Private Limited, buy the company report.
Recent activity
Mactile India Private Limited has 21 board changes on record since 2011: 8 appointments and 13 cessations. The latest: Pankaj Madhukar Phadnis ceased to be Nominee Director on 12 Jul 2025.
Ceased
Pankaj Madhukar Phadnis ceased to be Nominee Director.
Charges
A charge with Others of Rs. 68.25 Cr registered on 28 Feb 2022 with Charge ID 100548045 was modified on 26 Dec 2024.
AGM
Mactile India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Ashwinkumar Babulal Patel ceased to be Additional Director.
Ceased
Shailesh Jivanbhai Likhia ceased to be Additional Director.
Charges
A charge with Others of Rs. 43.97 Cr registered on 12 Mar 2021 with Charge ID 100427526 was modified on 16 Aug 2024.
Appointed
Dinesh Bhatia was appointed as Nominee Director.
Appointed
Manish Porwal was appointed as Nominee Director.
Appointed
Satyanarayanarao Kalikivayivani was appointed as Nominee Director.
Appointed
Shekhar Chandra Sati was appointed as Nominee Director.
Filing
Mactile India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Appointed
Shailesh Jivanbhai Likhia was appointed as Director.
21 earlier events are in the company report.
Frequently asked questions
Mactile India is an active private limited company based in Rajkot, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 11 July 2011 (15+ years old) and is registered under CIN U26933GJ2011PTC066282.
Mactile India has 8 current directors:
- Satyanarayanarao Kalikivayivani - Nominee Director
- Shekhar Chandra Sati - Nominee Director
- Ashwinkumar Babulal Patel - Director
- Shailesh Jivanbhai Likhia - Director
- Dinesh Bhatia - Nominee Director
- Manish Porwal - Nominee Director
- Shekhar Ratilal Adroja - Director
- Viralbhai Chunilal Ghodasara - Director
The latest financial statements of Mactile India 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 Mactile India is 24AADCN6866B1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Mactile India is U26933GJ2011PTC066282. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mactile India has 18 court cases on record: 10 filed by the company and 9 filed against it. 5 are pending. Most are in the district courts.
Mactile India was incorporated on 11 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mactile India has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹30.93 Cr; the latest was in March 2021.
The peers of Mactile India by revenue are Landgrace Ceramic Private Limited, Duravit India Private Limited, Gresart Ceramica Private Limited, Range Ceramic 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).
Pankaj Madhukar Phadnis ceased to be Nominee Director on 12 Jul 2025. Ashwinkumar Babulal Patel ceased to be Additional Director on 29 Sep 2024. Shailesh Jivanbhai Likhia ceased to be Additional Director on 29 Sep 2024. Mactile India has 21 board changes on record in total.
Yes, Mactile India is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-32-0001664).