MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-21-0001146
Airona Tiles Limited - manufacturing in Himatnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹70.27 Cr
▲ 10% YoY
Net profit · FY 2025
₹31.31 Lakh
Net margin 0.4%
EBITDA · FY 2025
₹8.07 Cr
EBITDA margin 11.5%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹5.73 Cr
Issued & subscribed
Open charges
₹97.47 Cr
Satisfied ₹13.24 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
111
Provident fund records
About Airona Tiles Limited
Data last updated:
Airona Tiles Limited is a public limited company based in Himatnagar, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 11 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2014PLC081504. Its GSTIN is 24AANCA3712D2Z3 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹5.73 Cr. It was formerly known as Greston Cera Limited. It is led by directors including Prafullkumar Devachandbhai Patel and Pravinbhai Amichandbhai Patel.
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 At & Post – Dalpur Ceramic City Katwad Road Ta – Prantij, Himatnagar, Gujarat, India – 383120.
As per the financials filed for FY 2025, the company reported a revenue of ₹70.27 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹31.31 Lakh (net margin 0.4%) and EBITDA of ₹8.07 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 10% over five years.
The company has about 111 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹97.47 Cr and satisfied charges of ₹13.24 Cr on record. Court records list 63 cases involving the company, including 63 filed by the company; 28 cases are pending.
Airona Tiles Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-21-0001146). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website signovatiles.com.
Company details
CIN U74140GJ2014PLC081504
Registration Number 081504
Incorporation Date 11 December 2014
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 Medium
Udyam Registration UDYAM-GJ-21-0001146
Key People
Prafullkumar Devachandbhai Patel Director Pravinbhai Amichandbhai Patel Director Jasavantbhai Patel Amichandbhai Director Recognitions & Rankings of Airona Tiles
Contact details
Airona Tiles Limited's registered office is in Himatnagar, Gujarat. Its website is signovatiles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAt & Post – Dalpur Ceramic City Katwad Road Ta – Prantij, Himatnagar, Gujarat, India – 383120
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Airona Tiles Limited, buy the company report.
Comprehensive company report
Airona Tiles 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 Airona Tiles 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 Airona Tiles Limited, buy the company report.
Financials of Airona Tiles Limited
FY 2025 filings availableAirona Tiles Limited reported revenue of ₹70.27 Cr (up 10% YoY) for FY 2025.
Revenue · FY 2025
₹70.27 Cr ▲ 10%
Net profit · FY 2025
₹31.31 Lakh margin 0.4%
EBITDA · FY 2025
₹8.07 Cr margin 11.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 16%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 4%
5 years · compounded
▲ 12%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 10% growth in the latest year. EBITDA rose 10% 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 | ₹8.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.31 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 | 11.5% | ||||
| Net Profit Margin | 0.4% | ||||
| 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 Airona Tiles Limited, buy the company report.
Board of directors of Airona Tiles Limited
Airona Tiles 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 |
|---|---|---|---|---|
| Prafullkumar Devachandbhai Patel | Director | 11 Dec 2014 | 11 Years 10 Months | Current |
| Pravinbhai Amichandbhai Patel | Director | 01 Apr 2019 | 7 Years 7 Months | Current |
| Jasavantbhai Patel Amichandbhai | Director | 11 Dec 2014 | 11 Years 10 Months | Current |
Auditor
Airona Tiles Limited is audited by Patel Mehta & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Patel Mehta & Associates | FY 2023 | 107773W |
Shareholding
The shareholding of Airona Tiles 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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Airona Tiles Limited, buy the company report.
Charges & borrowings
Open charges
₹97.47 Cr
Satisfied charges
₹13.24 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Dec 2023 | 100838837 | Yes Bank Limited | ₹29.85 Cr | Open | |
| 23 Feb 2022 | 100543188 | Axis Bank Limited | ₹25.92 Cr | Open | |
| 03 Feb 2022 | 100538900 | Yes Bank Limited | ₹16.8 Cr | Open | |
| 02 Feb 2022 | 100543939 | Axis Bank Limited | ₹24.9 Cr | Open | |
| 02 Jun 2017 | 100109188 | State Bank of India | ₹13.24 Cr | Satisfied |
To see the full charge records of Airona Tiles Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Airona Tiles Limited has 63 court cases on record: 63 filed by Airona Tiles. 28 cases are pending and 35 are disposed.
Total cases
63
Filed by the company
63
Pending
28
Disposed
35
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 59 | 0 | 27 |
| High courts | 4 | 0 | 1 |
Cases on record (5 of 63)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Gujarat Urja Vikas Nigam Limited(Guvnl) and 1 other | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against Gujarat Urja Vikas Nigam Limited (Guvnl) and 1 other | Disposed |
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal complaint | Filed by the company against Amitkumar Jaiswal Proprietor of Tristha Enterprises | Pending |
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Airona Tiles 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
Airona Tiles Limited was last rated by Icra on 30 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Mar 2022 |
To see the full credit ratings and regulatory alerts of Airona Tiles Limited, buy the company report.
MSME payment delays
Airona Tiles Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 374 overdue payments to 109 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 109)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Velocity Quarries Private Limited | |||
| an individual supplier | |||
| Aakruti Minchem, Bhilwara | |||
| Seramik Solutions, Ajmer | |||
| an individual supplier |
To see the full MSME payment records of Airona Tiles Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Airona Tiles Limited has a workforce of 111 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
111
Active EPFO establishments
1
Employee growth
-20.71%
GST
Airona Tiles has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCA3712D2Z3 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Airona Tiles Limited, buy the company report.
Recent activity
Airona Tiles Limited has 5 board changes on record since 2014: 3 appointments and 2 cessations. The latest: Pravinbhai Amichandbhai Patel ceased to be Additional Director on 30 Sep 2019.
AGM
Airona Tiles Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Airona Tiles Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Yes Bank Limited of Rs. 29.85 Cr registered on 19 Dec 2023 with Charge ID 100838837 was modified on 09 Feb 2024.
Charges
A charge with Yes Bank Limited amounted to Rs. 29.85 Cr with Charge ID 100838837 was registered on 19 Dec 2023.
Charges
A charge with Axis Bank Limited of Rs. 25.92 Cr registered on 23 Feb 2022 with Charge ID 100543188 was modified on 01 Sep 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 25.92 Cr with Charge ID 100543188 was registered on 23 Feb 2022.
Charges
A charge with Yes Bank Limited of Rs. 16.80 Cr registered on 03 Feb 2022 with Charge ID 100538900 was modified on 23 Feb 2022.
Charges
A charge registered on 02 Jun 2017 via Charge ID 100109188 with State Bank Of India was fully satisfied on 16 Feb 2022.
Charges
A charge with Yes Bank Limited amounted to Rs. 16.80 Cr with Charge ID 100538900 was registered on 03 Feb 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 24.90 Cr with Charge ID 100543939 was registered on 02 Feb 2022.
Ceased
Pravinbhai Amichandbhai Patel ceased to be Additional Director.
Ceased
Prakashkumar Amichandbhai Patel ceased to be Director.
5 earlier events are in the company report.
Frequently asked questions
Airona Tiles is an active public limited company based in Himatnagar, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 11 December 2014 (12+ years old) and is registered under CIN U74140GJ2014PLC081504.
Airona Tiles has 3 current directors:
- Prafullkumar Devachandbhai Patel - Director
- Pravinbhai Amichandbhai Patel - Director
- Jasavantbhai Patel Amichandbhai - Director
The latest financial statements of Airona Tiles 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 Airona Tiles is 24AANCA3712D2Z3, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Airona Tiles is U74140GJ2014PLC081504. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Airona Tiles has 63 court cases on record: 63 filed by the company. 28 are pending. Most are in the district courts.
Airona Tiles was incorporated on 11 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Pravinbhai Amichandbhai Patel ceased to be Additional Director on 30 Sep 2019. Prakashkumar Amichandbhai Patel ceased to be Director on 01 Apr 2019. Pravinbhai Amichandbhai Patel was appointed as Director on 01 Apr 2019. Airona Tiles has 5 board changes on record in total.
Yes, Airona Tiles is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-21-0001146).
Airona Tiles has 9 MSME Form 1 returns on record between 2019 and 2024, listing 374 overdue payments to 109 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Airona Tiles can be reached through the website signovatiles.com. Its registered office is in Himatnagar, Gujarat, India.
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