About Marvex Pipe Tech Private Limited
Data last updated:
Marvex Pipe Tech Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 01 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29119GJ2013PTC076284. Its GSTIN is 24AAICM7499Q1ZE (Gujarat).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.98 Cr. It is led by directors including Jigneshbhai Khodabhai Sangani (Managing Director) and Chetankumar Manubhai Sojitra (Whole-Time Director).
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹98.56 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹97.26 Lakh (net margin 1%) and EBITDA of ₹5.27 Cr (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 22% over five years.
As per MCA filings, the company has open charges of ₹53.04 Cr and satisfied charges of ₹15.55 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marvex.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressBlock A 4th Floor 409 Maruti Titanium Opp – Torrent Power Nr Kathwada GIDC Sp, Rr Nikol, Ahmedabad, Gujarat, India – 382330
- IndustryManufacturing, Plastic & Resins, Pipe & Tubes
- 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 of Marvex Pipe Tech Private Limited
The main business activity of Marvex Pipe Tech is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Marvex Pipe Tech Private Limited FY 2024 filings available
Marvex Pipe Tech Private Limited reported revenue of ₹98.56 Cr (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Marvex Pipe Tech Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 9% growth in the latest year. EBITDA rose 30% 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 of Marvex Pipe Tech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹5.27 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹97.26 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 of Marvex Pipe Tech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Marvex Pipe Tech are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Marvex Pipe Tech Private Limited
Marvex Pipe Tech Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Pipes). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Deccan Strips & Tubes Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Mittal Precision Hitech Steels Private Limited | •••• | •••• | •••• | •••• | 19 | Pune, Maharashtra, India |
| Charan Steel Tubes Private Limited | •••• | •••• | •••• | •••• | 14 | Punjab, India |
| Primesteel Manufacture Private Limited | •••• | •••• | •••• | •••• | 19 | Rajkot, Gujarat, India |
| Kasliwal Pipes Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Marvex Pipe Tech Private Limited this company | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Anubhav Plast Limited | •••• | •••• | •••• | •••• | 21 | Swarup Nagar, Uttar Pradesh, India |
| Shiva Polytubes Private Limited | •••• | •••• | •••• | •••• | 58 | Patna, Bihar, India |
| Venuka Polymers Private Limited | •••• | •••• | •••• | •••• | 59 | Dascroi, Gujarat, India |
| Chamunda Plastic Private Limited | •••• | •••• | •••• | •••• | 57 | Ahmedabad, Gujarat, India |
| Concrete Udyog Limited | •••• | •••• | •••• | •••• | 44 | Kanpur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Marvex Pipe Tech by revenue in the Manufacturing industry (Pipes), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Marvex Pipe Tech Private Limited
Marvex Pipe Tech Private Limited is audited by ANIL KHUNT & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ANIL KHUNT & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Marvex Pipe Tech Private Limited
Marvex Pipe Tech has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jigneshbhai Khodabhai Sangani Also directs: Marvex Polytech Private Limited | Managing Director | 01 Aug 2013 | 13 Years 2 Months | Current |
| Chetankumar Manubhai Sojitra Also directs: Marvex Polytech Private Limited | Whole-Time Director | 14 Aug 2013 | 13 Years 1 Months | Current |
| Deepakbhai Govindbhai Limbasiya Also directs: Marvex Polytech Private Limited | Whole-Time Director | 14 Aug 2013 | 13 Years 1 Months | Current |
| Darshanaben Chetankumar Vadadoriya Also directs: Marvex Polytech Private Limited | Whole-Time Director | 24 Jun 2015 | 11 Years 3 Months | Current |
Ownership and Shareholding of Marvex Pipe Tech Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Marvex Pipe Tech Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Sep 2025 | State Bank of India | ₹27.5 Cr | Open |
| 31 Jul 2025 | Others | ₹1.03 Cr | Open |
| 03 Jun 2024 | Others | ₹1 Cr | Open |
| 07 Oct 2023 | Hdfc Bank Limited | ₹7.78 Lakh | Open |
| 23 Feb 2022 | Hdfc Bank Limited | ₹18.1 Lakh | Open |
Total charge records: 10 View all charges
MSME Payment Delays by Marvex Pipe Tech Private Limited
Marvex Pipe Tech Private Limited has 6 MSME Form 1 returns on record between 2019 and 2023, listing 94 overdue payments to 18 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Gangajal Pipe and Fittings | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 6 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Marvex Pipe Tech Private Limited
Employment history and EPFO contributions of people linked to Marvex Pipe Tech.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Marvex Pipe Tech Private Limited
Marvex Pipe Tech Private Limited has 9 board changes on record since 2013: 4 appointments and 5 cessations. The latest: Chetankumar Manubhai Sojitra ceased to be Director on 01 Mar 2022.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Marvex Pipe Tech Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Marvex Pipe Tech Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Marvex Pipe Tech Private Limited
Marvex Pipe Tech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICM7499Q1ZE | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Marvex Pipe Tech Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Marvex Pipe Tech Private Limited
Marvex Pipe Tech is an active private limited company based in Ahmedabad, Gujarat, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 01 August 2013 (13+ years old) and is registered under CIN U29119GJ2013PTC076284.
Marvex Pipe Tech reported revenue of ₹98.56 Cr for FY 2024 (up 9% YoY).
Marvex Pipe Tech has 4 current directors:
- Jigneshbhai Khodabhai Sangani - Managing Director
- Chetankumar Manubhai Sojitra - Whole-Time Director
- Deepakbhai Govindbhai Limbasiya - Whole-Time Director
- Darshanaben Chetankumar Vadadoriya - Whole-Time Director
Marvex Pipe Tech reported a net profit of ₹97.26 Lakh (net margin 1%) and EBITDA of ₹5.27 Cr (EBITDA margin 5.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Marvex Pipe Tech is 17% over three years and 22% over five years. In the latest year (FY 2024) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Marvex Pipe Tech is 24AAICM7499Q1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Marvex Pipe Tech is U29119GJ2013PTC076284. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marvex Pipe Tech was incorporated on 01 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Marvex Pipe Tech by revenue are Deccan Strips & Tubes Private Limited, Mittal Precision Hitech Steels Private Limited, Charan Steel Tubes Private Limited, Primesteel Manufacture Private Limited, Kasliwal Pipes Private Limited and 5 more, all in the Manufacturing industry (Pipes).
Chetankumar Manubhai Sojitra ceased to be Director on 01 Mar 2022. Darshanaben Chetankumar Vadadoriya ceased to be Director on 01 Mar 2022. Deepakbhai Govindbhai Limbasiya ceased to be Director on 01 Mar 2022. Marvex Pipe Tech has 9 board changes on record in total.
Marvex Pipe Tech has 6 MSME Form 1 returns on record between 2019 and 2023, listing 94 overdue payments to 18 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Marvex Pipe Tech can be reached through the website marvex.co.in. Its registered office is in Ahmedabad, Gujarat, India.