MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0031878
Marvel Glass Private Limited - manufacturing in Bavla, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.78 Cr
▲ 61% YoY
Net profit · FY 2025
₹32.72 Lakh
Net margin 4.8%
EBITDA · FY 2025
₹43.86 Lakh
EBITDA margin 6.5%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹49.5 Lakh
Satisfied ₹41.23 Lakh
Company age
32 yrs
Est. 1994
Employees · EPFO
15
Provident fund records
About Marvel Glass Private Limited
Data last updated:
Marvel Glass Private Limited is a private limited company based in Bavla, Gujarat, India. It operates in the glass and products segment of the manufacturing sector. It was incorporated on 01 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26109GJ1994PTC022928. Its GSTIN is 24AABCM0655P1ZB (Gujarat).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shital Kaushikbhai Shah and Armaan Shital Shah.
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 Plot No.9 10 12 & 12A Block No. 279 Xcelon Industrial Park – 2, Nr. Chak De India Way Bridge Matoda Sarkhej – Bavla Highway, Gujarat, India – 382220.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.78 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹32.72 Lakh (net margin 4.8%) and EBITDA of ₹43.86 Lakh (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years and 36% 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 ₹49.5 Lakh and satisfied charges of ₹41.23 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
Marvel Glass Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0031878). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marvelglass.com.
Company details
CIN U26109GJ1994PTC022928
Registration Number 022928
Incorporation Date 01 September 1994
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 Micro
Udyam Registration UDYAM-GJ-01-0031878
Key People
Shital Kaushikbhai Shah Director Armaan Shital Shah Director Priyanka Rushabh Thakershy Additional Director Recognitions & Rankings of Marvel Glass
Contact details
Marvel Glass Private Limited's registered office is in Bavla, Gujarat. Its website is marvelglass.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.9 10 12 & 12A Block No. 279 Xcelon Industrial Park – 2, Nr. Chak De India Way Bridge Matoda Sarkhej – Bavla Highway, Gujarat, India – 382220
- IndustryManufacturing, Glass & Products
To see the full contact details of Marvel Glass Private Limited, buy the company report.
Comprehensive company report
Marvel Glass 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 Marvel Glass 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 Marvel Glass Private Limited, buy the company report.
Financials of Marvel Glass Private Limited
FY 2025 filings availableMarvel Glass Private Limited reported revenue of ₹6.78 Cr (up 61% YoY) for FY 2025.
Revenue · FY 2025
₹6.78 Cr ▲ 61%
Net profit · FY 2025
₹32.72 Lakh margin 4.8%
EBITDA · FY 2025
₹43.86 Lakh margin 6.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 61%
3 years · compounded
▲ 57%
5 years · compounded
▲ 36%
EBITDA CAGR growth
1 year
▲ 62%
3 years · compounded
▲ 70%
5 years · compounded
▲ 37%
Revenue has grown at a compounded annual rate (CAGR) of 36% over five years, including 61% growth in the latest year. EBITDA rose 62% 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 | ₹43.86 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹32.72 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 | 6.5% | ||||
| Net Profit Margin | 4.8% | ||||
| 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 Marvel Glass Private Limited, buy the company report.
Board of directors of Marvel Glass Private Limited
Marvel Glass 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 |
|---|---|---|---|---|
| Shital Kaushikbhai Shah | Director | 01 Apr 1997 | 29 Years 7 Months | Current |
| Armaan Shital Shah | Director | 29 Jul 2020 | 6 Years 3 Months | Current |
| Priyanka Rushabh Thakershy | Additional Director | 04 Nov 2025 | 1 Years 0 Months | Current |
Peer comparison
Marvel Glass Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Glassworld Toughened Private Limited | ₹7.03 Cr (FY 2025) | 8.0% | Noida, Uttar Pradesh, India | |||
| Marvel Glass Private Limitedthis company | ₹6.78 Cr (FY 2025) | ₹32.72 Lakh | 4.8% | 61.0% | 15 | Bavla, Gujarat, India |
| P.L.S. Auto Shell Industries Private Limited | ₹6.78 Cr (FY 2025) | -23.0% | Uttar Pradesh, India | |||
| Roha Glass Industries Private Limited | ₹6.33 Cr (FY 2025) | 4852.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Marvel Glass Private Limited, buy the company report.
Auditor
Marvel Glass Private Limited is audited by Shah and Shah Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah and Shah Associates | FY 2022 | 113742W |
Shareholding
The shareholding of Marvel Glass 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 Marvel Glass Private Limited, buy the company report.
Charges & borrowings
Open charges
₹49.5 Lakh
Satisfied charges
₹41.23 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Oct 2025 | 101172832 | Hdfc Bank Limited | ₹14.5 Lakh | Open | |
| 11 Oct 2019 | 100300662 | Hdfc Bank Limited | ₹35 Lakh | Open | |
| 02 Jan 2020 | 100311617 | Sidbi | ₹41.23 Lakh | Satisfied |
To see the full charge records of Marvel Glass Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Marvel Glass Private Limited has 1 court case on record: 1 filed by Marvel Glass. 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, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Marvel Glass 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 Marvel Glass Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Marvel Glass Private Limited has a workforce of 15 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
Employee count
15
Active EPFO establishments
1
GST
Marvel Glass has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCM0655P1ZB | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Marvel Glass Private Limited, buy the company report.
Recent activity
Marvel Glass Private Limited has 5 board changes on record since 1997: 3 appointments and 2 cessations. The latest: Priyanka Rushabh Thakershy was appointed as Additional Director on 04 Nov 2025.
Appointed
Priyanka Rushabh Thakershy was appointed as Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 14.50 Lakh with Charge ID 101172832 was registered on 08 Oct 2025.
AGM
Marvel Glass Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Marvel Glass Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 02 Jan 2020 via Charge ID 100311617 with Sidbi was fully satisfied on 27 Nov 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 35.00 Lakh registered on 11 Oct 2019 with Charge ID 100300662 was modified on 01 Sep 2023.
Ceased
Armaan Shital Shah ceased to be Additional Director.
Appointed
Armaan Shital Shah was appointed as Director.
Ceased
Mukund Shripad Deo ceased to be Director.
Charges
A charge with Sidbi amounted to Rs. 41.23 Lakh with Charge ID 100311617 was registered on 02 Jan 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 35.00 Lakh with Charge ID 100300662 was registered on 11 Oct 2019.
Appointed
Shital Kaushikbhai Shah was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Marvel Glass is an active private limited company based in Bavla, Gujarat, India. The company works in glass and products, within the manufacturing industry. It was incorporated on 01 September 1994 (32+ years old) and is registered under CIN U26109GJ1994PTC022928.
Marvel Glass has 3 current directors:
- Shital Kaushikbhai Shah - Director
- Armaan Shital Shah - Director
- Priyanka Rushabh Thakershy - Additional Director
The latest financial statements of Marvel Glass 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 Marvel Glass is 24AABCM0655P1ZB, registered in Gujarat.
The CIN (Corporate Identification Number) of Marvel Glass is U26109GJ1994PTC022928. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marvel Glass has 1 court case on record: 1 filed by the company.
Marvel Glass was incorporated on 01 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Marvel Glass by revenue are Glassworld Toughened Private Limited, P.L.S. Auto Shell Industries Private Limited, Roha Glass Industries Private Limited, all in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Priyanka Rushabh Thakershy was appointed as Additional Director on 04 Nov 2025. Armaan Shital Shah ceased to be Additional Director on 08 Oct 2020. Armaan Shital Shah was appointed as Director on 29 Jul 2020. Marvel Glass has 5 board changes on record in total.
Yes, Marvel Glass is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0031878).
Marvel Glass can be reached through the website marvelglass.com. Its registered office is in Bavla, Gujarat, India.
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