MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-14-0003737
Madhu Glasstex Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹9.91 Cr
▲ 11% YoY
Net profit · FY 2025
₹12.63 Lakh
Net margin 1.3%
EBITDA · FY 2025
₹1.6 Cr
EBITDA margin 16.1%
Authorised capital
₹80 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹8.41 Cr
Satisfied ₹8.6 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
15
Provident fund records
About Madhu Glasstex Private Limited
Data last updated:
Madhu Glasstex 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 17 October 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26100GJ2012PTC072349. Its GSTIN is 24AAICM8740Q1ZS (Gujarat).
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Geet Rameshbhai Solanki and Rameshbhai Nathalal Solanki.
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 738 Iscon Emporio B/S. Star India Bazar Nr. Jodhpur Cross Road Satellite, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.91 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹12.63 Lakh (net margin 1.3%) and EBITDA of ₹1.6 Cr (EBITDA margin 16.1%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 17% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.41 Cr and satisfied charges of ₹8.6 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 2 cases are pending.
Madhu Glasstex Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-14-0003737). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website madhuglasstex.com.
Company details
CIN U26100GJ2012PTC072349
Registration Number 072349
Incorporation Date 17 October 2012
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-14-0003737
Key People
Geet Rameshbhai Solanki Director Rameshbhai Nathalal Solanki Director Jigarkumar Rameshbhai Solanki Director Recognitions & Rankings of Madhu Glasstex
Contact details
Madhu Glasstex Private Limited's registered office is in Ahmedabad, Gujarat. Its website is madhuglasstex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address738 Iscon Emporio B/S. Star India Bazar Nr. Jodhpur Cross Road Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Madhu Glasstex Private Limited, buy the company report.
Comprehensive company report
Madhu Glasstex 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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Business activity
The main business activity of Madhu Glasstex 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 Madhu Glasstex Private Limited, buy the company report.
Financials of Madhu Glasstex Private Limited
FY 2025 filings availableMadhu Glasstex Private Limited reported revenue of ₹9.91 Cr (up 11% YoY) for FY 2025.
Revenue · FY 2025
₹9.91 Cr ▲ 11%
Net profit · FY 2025
₹12.63 Lakh margin 1.3%
EBITDA · FY 2025
₹1.6 Cr margin 16.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 32%
5 years · compounded
▲ 17%
EBITDA CAGR growth
3 years · compounded
▲ 20%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 11% growth 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 | ₹1.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.63 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 | 16.1% | ||||
| Net Profit Margin | 1.3% | ||||
| 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 Madhu Glasstex Private Limited, buy the company report.
Board of directors of Madhu Glasstex Private Limited
Madhu Glasstex has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Geet Rameshbhai Solanki | Director | 17 Oct 2012 | 14 Years 0 Months | Current |
| Rameshbhai Nathalal Solanki | Director | 17 Oct 2012 | 14 Years 0 Months | Current |
| Jigarkumar Rameshbhai Solanki | Director | 17 Oct 2012 | 14 Years 0 Months | Current |
| Madhuben Rameshbhai Solanki | Director | 17 Oct 2012 | 14 Years 0 Months | Current |
Peer comparison
Madhu Glasstex Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Dwarikadhish Spinners Limited | ₹9.94 Cr (FY 2020) | -31.0% | Patiala, Punjab, India | |||
| Goelsun Industries Private Limited | ₹9.93 Cr (FY 2025) | 43.0% | New Delhi, Delhi, India | |||
| Pallavi Yarn Processors Pvt Ltd | ₹9.93 Cr (FY 2025) | -12.0% | Surat, Gujarat, India | |||
| Nancy Krafts Private Limited. | ₹9.92 Cr (FY 2024) | 2.0% | New Delhi, Delhi, India | |||
| Madhu Glasstex Private Limitedthis company | ₹9.91 Cr (FY 2025) | ₹12.63 Lakh | 1.3% | 11.0% | 15 | Ahmedabad, Gujarat, India |
| Solar Synthetics Private Limited | ₹9.91 Cr (FY 2025) | -5.0% | Bhilwara, Rajasthan, India | |||
| Alignz Exports Private Limited | ₹9.91 Cr (FY 2025) | 26.0% | Kolkata, West Bengal, India | |||
| Woolen Processor Private Limited | ₹9.91 Cr (FY 2025) | -4.0% | Punjab, India | |||
| Sri Vithya Spinners Private Limited | ₹9.91 Cr (FY 2025) | 33.0% | Virudhunagar, Tamil Nadu, India |
To see the full peer comparison of Madhu Glasstex Private Limited, buy the company report.
Auditor
Madhu Glasstex Private Limited is audited by PANCHANI & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PANCHANI & CO. | FY 2022 | 152591W |
Shareholding
The shareholding of Madhu Glasstex Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Madhu Glasstex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.41 Cr
Satisfied charges
₹8.6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2025 | 101127312 | Hdfc Bank Limited | ₹17.1 Lakh | Open | |
| 20 May 2023 | 100725678 | Others | ₹5.97 Cr | Open | |
| 28 Feb 2023 | 100724973 | Others | ₹2.15 Cr | Open | |
| 19 Mar 2019 | 100250864 | Others | ₹12 Lakh | Open | |
| 01 Mar 2022 | 100576557 | Others | ₹3.35 Cr | Satisfied |
To see the full charge records of Madhu Glasstex Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Madhu Glasstex Private Limited has 6 court cases on record: 4 filed by Madhu Glasstex, 2 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed by the company
4
Filed against the company
2
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 2 | 2 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GANDHINAGAR, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| District court, GANDHINAGAR, Gujarat | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| District court, GANDHINAGAR, Gujarat | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| District court, GANDHINAGAR, Gujarat | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Madhu Glasstex 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 Madhu Glasstex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Madhu Glasstex Private Limited has a workforce of 15 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
15
Active EPFO establishments
1
GST
Madhu Glasstex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICM8740Q1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Madhu Glasstex Private Limited, buy the company report.
Recent activity
Madhu Glasstex Private Limited has 4 board changes on record since 2012: 4 appointments. The latest: Geet Rameshbhai Solanki was appointed as Director on 17 Oct 2012.
Charges
A charge with Others of Rs. 597.15 Lakh registered on 20 May 2023 with Charge ID 100725678 was modified on 07 Oct 2025.
AGM
Madhu Glasstex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.10 Lakh with Charge ID 101127312 was registered on 15 Jul 2025.
Filing
Madhu Glasstex 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. 597.15 Lakh with Charge ID 100725678 was registered on 20 May 2023.
Charges
A charge registered on 01 Mar 2022 via Charge ID 100576557 with Others was fully satisfied on 20 Mar 2023.
Charges
A charge with Others amounted to Rs. 215.00 Lakh with Charge ID 100724973 was registered on 28 Feb 2023.
Charges
A charge with Others of Rs. 335.00 Lakh registered on 01 Mar 2022 with Charge ID 100576557 was modified on 10 May 2022.
Charges
A charge registered on 26 Jun 2018 via Charge ID 100187938 with Others was fully satisfied on 11 Mar 2022.
Charges
A charge registered on 26 Jul 2017 via Charge ID 100114146 with Others was fully satisfied on 11 Mar 2022.
Charges
A charge with Others amounted to Rs. 335.00 Lakh with Charge ID 100576557 was registered on 01 Mar 2022.
Charges
A charge with Others amounted to Rs. 12.00 Lakh with Charge ID 100250864 was registered on 19 Mar 2019.
10 earlier events are in the company report.
Frequently asked questions
Madhu Glasstex 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 17 October 2012 (14+ years old) and is registered under CIN U26100GJ2012PTC072349.
Madhu Glasstex has 4 current directors:
- Geet Rameshbhai Solanki - Director
- Rameshbhai Nathalal Solanki - Director
- Jigarkumar Rameshbhai Solanki - Director
- Madhuben Rameshbhai Solanki - Director
The latest financial statements of Madhu Glasstex 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 Madhu Glasstex is 24AAICM8740Q1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Madhu Glasstex is U26100GJ2012PTC072349. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madhu Glasstex has 6 court cases on record: 4 filed by the company and 2 filed against it. 2 are pending.
Madhu Glasstex was incorporated on 17 October 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Madhu Glasstex by revenue are Dwarikadhish Spinners Limited, Goelsun Industries Private Limited, Pallavi Yarn Processors Pvt Ltd, Nancy Krafts Private Limited, Solar Synthetics Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Geet Rameshbhai Solanki was appointed as Director on 17 Oct 2012. Jigarkumar Rameshbhai Solanki was appointed as Director on 17 Oct 2012. Madhuben Rameshbhai Solanki was appointed as Director on 17 Oct 2012. Madhu Glasstex has 4 board changes on record in total.
Yes, Madhu Glasstex is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-14-0003737).
Madhu Glasstex can be reached through the website madhuglasstex.com. Its registered office is in Ahmedabad, Gujarat, India.
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