About Micro Ion-Coating Private Limited
Data last updated:
Micro Ion-Coating Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 01 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28920GJ2005PTC046689. Its GSTIN is 24AAECM4204H1ZW (Gujarat).
The company has an authorised share capital of ₹3.25 Cr and a paid-up capital of ₹3.25 Cr. It is led by directors including Rajnikant Himatlal Bhanvadia and Neel Rajnikant Bhanvadia.
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 30 Samrat Industrial Estatestar Horological Industries Behind P & T Colony S T, Rajkot, Gujarat, India – 360004.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.83 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹71,474 (net margin 0%) and EBITDA of ₹2.41 Cr (EBITDA margin 9.7%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 24% over five years.
The company has about 304 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Micro Ion Coating. As per MCA filings, the company has open charges of ₹26.04 Cr and satisfied charges of ₹5.08 Cr on record. Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website microionindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address30 Samrat Industrial Estatestar Horological Industries Behind P & T Colony S T, Rajkot, Gujarat, India – 360004
- IndustryMetals and Minerals, Metal Manufacturing & Processing
- 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
- One PDF report, delivered after checkout
Business Activity of Micro Ion-Coating Private Limited
The main business activities of Micro Ion-Coating are manufacturing and support service to organizations. In detail, this covers metal and metal products and other support services to organizations. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
| N | Support service to Organizations | N7 | Other support services to organizations | 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 Micro Ion-Coating Private Limited FY 2025 filings available
Micro Ion-Coating Private Limited reported revenue of ₹24.83 Cr (down 21% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Micro Ion-Coating Private Limited
Revenue fell 21% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA fell 35% 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 Micro Ion-Coating 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 | ₹2.41 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹71,474 | •••• | •••• | •••• | •••• |
| 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 Micro Ion-Coating Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0% | •••• | •••• | •••• | •••• |
| 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 Micro Ion-Coating 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 Micro Ion-Coating Private Limited
Micro Ion-Coating Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Metals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arjan Precision Metals Private Limited | ₹25.2 Cr (FY 2024) | •••• | •••• | 931.0% | •••• | Kalavad, Gujarat, India |
| SNK Metal Alloys Private Limited | ₹25.13 Cr (FY 2022) | •••• | •••• | 12.0% | •••• | Kolkata, West Bengal, India |
| Shreevardhana Metaliks Private Limited | ₹25.09 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Kolkata, West Bengal, India |
| Sushant Minerals Private Limited | ₹24.95 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Barbil, Odisha, India |
| Shalcos Manufactures LLP | ₹24.86 Cr (FY 2024) | •••• | •••• | •••• | Kannur, Kerala, India | |
| Micro Ion-Coating Private Limited this company | ₹24.83 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Rajkot, Gujarat, India |
| P&P Metalloys Private Limited | ₹24.81 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Peramangalam, Tamil Nadu, India |
| Anil Metal and Alloys Private Limited | ₹24.77 Cr (FY 2024) | •••• | •••• | 722732.0% | •••• | Ahmedabad, Gujarat, India |
| Minami Metals Private Limited | ₹24.75 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Chennai, Tamil Nadu, India |
| Impex Metal & Ferro Alloys Ltd | ₹24.64 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Kolkata, West Bengal, India |
| Dynamic Karuna Engineering Private Limited | ₹24.64 Cr (FY 2024) | •••• | •••• | -31.0% | •••• | Ankleshwar, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Micro Ion-Coating by revenue in the Metals and Minerals industry (Metals), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Micro Ion-Coating Private Limited
Micro Ion-Coating Private Limited is audited by P B DADHANIYA & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P B DADHANIYA & 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 Micro Ion-Coating Private Limited
Micro Ion-Coating has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajnikant Himatlal Bhanvadia Also directs: Microtech Rollers Pvt Ltd, Micro Horology Private Limited | Director | 10 Oct 2005 | 21 Years 0 Months | Current |
| Neel Rajnikant Bhanvadia | Director | 20 Aug 2015 | 11 Years 1 Months | Current |
| Harsh Pramodbhai Bhanvadia | Director | 20 Aug 2015 | 11 Years 1 Months | Current |
Ownership and Shareholding of Micro Ion-Coating 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 Micro Ion-Coating Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Mar 2025 | Sidbi | ₹2 Cr | Open |
| 10 Jan 2025 | Others | ₹5 Cr | Open |
| 05 Aug 2024 | Sidbi | ₹4 Cr | Open |
| 11 Jul 2024 | Hdfc Bank Limited | ₹6.93 Lakh | Open |
| 08 Jul 2024 | Hdfc Bank Limited | ₹26.1 Lakh | Open |
Total charge records: 16 View all charges
Legal Cases of Micro Ion-Coating Private Limited
Micro Ion-Coating Private Limited has 7 court cases on record: 3 filed by Micro Ion-Coating, 4 filed against it. All cases are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 4 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Court case (AGRMNT-LC) | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against Anand P. Thorat, Director of Nixon Industries | Disposed |
| District court, RAJKOT, Gujarat | Court case (AGRMNT-LC) | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (AGRMNT-LC) | Filed against the company by an individual | Disposed |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Micro Ion-Coating Private Limited
Micro Ion-Coating operates one associated brand: Micro Ion Coating. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers contract manufacturing services for watches. | microionindia.com |
Employees and EPFO Compliance at Micro Ion-Coating Private Limited
Micro Ion-Coating Private Limited has a workforce of 304 employees as of Apr 01, 2024.
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 Micro Ion-Coating Private Limited
Micro Ion-Coating Private Limited has 10 board changes on record since 2005: 3 appointments and 7 cessations. The latest: Hematlal Chhaganlal Patel ceased to be Director on 23 Feb 2023.
27 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Micro Ion-Coating 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.
MSME Payment Delays by Micro Ion-Coating Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Micro Ion-Coating 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 Micro Ion-Coating Private Limited
Micro Ion-Coating has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECM4204H1ZW | 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 Micro Ion-Coating 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 Micro Ion-Coating Private Limited
Micro Ion-Coating is an active private limited company based in Rajkot, Gujarat, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 01 September 2005 (21+ years old) and is registered under CIN U28920GJ2005PTC046689.
Micro Ion-Coating reported revenue of ₹24.83 Cr for FY 2024 (down 21% YoY).
Micro Ion-Coating has 3 current directors:
- Rajnikant Himatlal Bhanvadia - Director
- Neel Rajnikant Bhanvadia - Director
- Harsh Pramodbhai Bhanvadia - Director
Micro Ion-Coating reported a net profit of ₹71,474 (net margin 0%) and EBITDA of ₹2.41 Cr (EBITDA margin 9.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Micro Ion-Coating is 40% over three years and 24% over five years. In the latest year (FY 2024) revenue fell 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Micro Ion-Coating is 24AAECM4204H1ZW, registered in Gujarat.
The CIN (Corporate Identification Number) of Micro Ion-Coating is U28920GJ2005PTC046689. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Micro Ion-Coating has 7 court cases on record: 3 filed by the company and 4 filed against it.
Micro Ion-Coating was incorporated on 01 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Micro Ion-Coating by revenue are Arjan Precision Metals Private Limited, SNK Metal Alloys Private Limited, Shreevardhana Metaliks Private Limited, Sushant Minerals Private Limited, Shalcos Manufactures LLP and 5 more, all in the Metals and Minerals industry (Metals).
Hematlal Chhaganlal Patel ceased to be Director on 23 Feb 2023. Harsh Pramodbhai Bhanvadia ceased to be Additional Director on 30 Sep 2015. Neel Rajnikant Bhanvadia ceased to be Additional Director on 30 Sep 2015. Micro Ion-Coating has 10 board changes on record in total.