Gita Refractories Private Limited

Gita Refractories Private Limited - manufacturing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U26959KA1995PTC017233 Incorporated 21 February 1995 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company manufacturing MSME · Medium
Revenue · FY 2024
₹17.64 Cr
▲ 19% YoY
Net profit · FY 2024
₹19.53 Lakh
Net margin 1.1%
EBITDA · FY 2024
₹4.7 Cr
EBITDA margin 26.6%
Authorised capital
₹4.5 Cr
Registered with MCA
Paid-up capital
₹4.37 Cr
Issued & subscribed
Open charges
₹23.88 Cr
Secured borrowings
Company age
31 yrs
Est. 1995
Employees · EPFO
31
Provident fund records

About Gita Refractories Private Limited

Data last updated:

Gita Refractories Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 21 February 1995 and has been in existence for over 31 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U26959KA1995PTC017233. Its GSTIN is 29AAACG5273C1ZR (Karnataka). The company holds 5 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.37 Cr. It was formerly known as Geeta Refractories Private Limited. It is led by directors Vaibhav Rajgopal Gilada (Managing Director) and Rajgopal Shankarlal Gilada.

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 # 105 R Takt 37 Boopasandra Main Road, Bangalore, Karnataka, India – 560094.

As per the financials filed for FY 2024, the company reported a revenue of ₹17.64 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹19.53 Lakh (net margin 1.1%) and EBITDA of ₹4.7 Cr (EBITDA margin 26.6%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 6% over five years.

The company has about 31 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Gita Refractories. As per MCA filings, the company has open charges of ₹23.88 Cr on record. Court records list 61 cases involving the company, including 41 filed by the company and 20 filed against it; 13 cases are pending. The company has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in March 2022. The company has 5 MSME Form 1 returns on record between 2019 and 2022, listing 26 overdue payments to 15 micro and small suppliers.

Gita Refractories Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0008435). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gitarefractories.in.

Company details

CIN U26959KA1995PTC017233
Registration Number 017233
Incorporation Date 21 February 1995
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0008435
Key People
Vaibhav Rajgopal Gilada Managing Director Rajgopal Shankarlal Gilada Director

Recognitions & Rankings of Gita Refractories

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-KR-03-0008435

Contact details

Gita Refractories Private Limited's registered office is in Bangalore, Karnataka. Its website is gitarefractories.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    gitarefractories.in
  • Registered Address
    # 105 R Takt 37 Boopasandra Main Road, Bangalore, Karnataka, India – 560094
  • Industry
    Manufacturing, Construction Materials

To see the full contact details of Gita Refractories Private Limited, buy the company report.

Comprehensive company report
Gita Refractories 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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Brands

Gita Refractories operates one associated brand: Gita Refractories. Each brand links to its own profile.

BrandDescriptionWebsite
Gita Refractories
Manufactures refractory bricks and castables for steel, cement, glass, and petrochemical industries.gitarefractories.in

Business activity

The main business activity of Gita Refractories is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Gita Refractories Private Limited, buy the company report.

Financials of Gita Refractories Private Limited

FY 2024 filings available

Gita Refractories Private Limited reported revenue of ₹17.64 Cr (up 19% YoY) for FY 2024.

Revenue · FY 2024
₹17.64 Cr ▲ 19%
Net profit · FY 2024
₹19.53 Lakh margin 1.1%
EBITDA · FY 2024
₹4.7 Cr margin 26.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 9%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 18%
5 years · compounded
▲ 1%

Revenue rose 19% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA fell 12% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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₹4.7 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹19.53 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin26.6%
Net Profit Margin1.1%
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

To see the full financial statements and ratios of Gita Refractories Private Limited, buy the company report.

Board of directors of Gita Refractories Private Limited

Gita Refractories has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vaibhav Rajgopal Gilada
Also directs: Whitefield Refractories Private Limited, Kagina Cements Private Limited, Krishna Valley Power Private Limited and 5 more
Managing Director20 Jun 20188 Years 4 MonthsCurrent
Rajgopal Shankarlal Gilada
Also directs: Prestress Steel LLP, Gilada Finance and Investments Limited, Whitefield Refractories Private Limited and 5 more
Director16 Aug 200125 Years 2 MonthsCurrent
View all directors

Auditor

Gita Refractories Private Limited is audited by Vishnukant Jaju & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Vishnukant Jaju & AssociatesFY 2023014328W

Shareholding

The shareholding of Gita Refractories Private 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Gita Refractories Private Limited, buy the company report.

Charges & borrowings

Open charges
₹23.88 Cr
Satisfied charges
None
Breakdown by lending institutions
State Bank of India₹16.05 Cr
State Bank of Hyderabad₹7.83 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
03 Jan 2020100312952State Bank of India₹16.05 CrOpen
24 Jun 200290200721State Bank of Hyderabad₹88 LakhOpen
24 Jun 200290199533State Bank of Hyderabad₹6.95 CrOpen

To see the full charge records of Gita Refractories Private Limited, buy the company report.

Total charge records: 3 View all charges

Deals & funding

Gita Refractories Private Limited has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in March 2022.

Total deals
5
Rights issues
2
Secondary share transfers
2
Funding round
1
Disclosed funding
₹1 Cr

Deals on record (5 of 5)

WhenDealAmountParties
Mar 2022Rights issue₹2 CrInvestors: 4 individuals
Mar 2019Rights issue₹2.52 CrInvestors: 4 individuals
Dec 2017Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 4 individuals
Mar 2008Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Rajgopal V.gilada Huf, an individual
Feb 2008Funding round₹1 CrInvestors: Shankaralal Gilada Huf, 3 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Gita Refractories Private Limited was last rated by Crisil on 15 Dec 2020.

Rating agencyRated onRating
Crisil15 Dec 2020

To see the full credit ratings and regulatory alerts of Gita Refractories Private Limited, buy the company report.

MSME payment delays

Gita Refractories Private Limited has 5 MSME Form 1 returns on record between 2019 and 2022, listing 26 overdue payments to 15 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 15)

SupplierAmount dueDue sinceReported on
an individual supplier
Safe Pack Industries
Jain Wire Netting Stores
Mitashi Industrial Corporation
an individual supplier

To see the full MSME payment records of Gita Refractories Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Gita Refractories Private Limited has a workforce of 31 employees on its EPFO records as of Dec 2025, across 2 active EPFO establishments.

Employee count
31
Active EPFO establishments
2
Employee growth
-42.6%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2025-2631
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17
FY 2015-16
FY 2014-15
FY 2013-14
FY 2012-13

To see the full employee and EPFO history of Gita Refractories Private Limited, buy the company report.

GST

Gita Refractories has 5 GST registrations: 1 active and 4 cancelled or inactive.

Total GSTINs
5
Active
1
Cancelled / inactive
4
GSTINStateStatusRegistered on
29AAACG5273C1ZRKarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Gita Refractories Private Limited, buy the company report.

Recent activity

Gita Refractories Private Limited has 7 board changes on record since 2001: 2 appointments and 5 cessations. The latest: Rajgopal Shankarlal Gilada ceased to be Managing Director on 02 Feb 2025.

Ceased
Rajgopal Shankarlal Gilada ceased to be Managing Director.
AGM
Gita Refractories Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Gita Refractories Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Bindu Rajagopal Gilada ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 16.05 Cr registered on 03 Jan 2020 with Charge ID 100312952 was modified on 16 Nov 2021.
Charges
A charge with State Bank Of India amounted to Rs. 16.05 Cr with Charge ID 100312952 was registered on 03 Jan 2020.
Ceased
Vaibhav Rajgopal Gilada ceased to be Additional Director.
Appointed
Vaibhav Rajgopal Gilada was appointed as Managing Director.
Ceased
Sampatkumar Shankarlal Gilada ceased to be Additional Director.
Ceased
Shankarlal Tulsiram Gilada ceased to be Director.
Charges
A charge with State Bank Of Hyderabad of Rs. 6.95 Cr registered on 24 Jun 2002 with Charge ID 90199533 was modified on 20 May 2014.
Charges
A charge with State Bank Of Hyderabad of Rs. 0.88 Cr registered on 24 Jun 2002 with Charge ID 90200721 was modified on 12 Mar 2003.

4 earlier events are in the company report.

Frequently asked questions

Gita Refractories is an active private limited company based in Bangalore, Karnataka, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 21 February 1995 (31+ years old) and is registered under CIN U26959KA1995PTC017233.

Gita Refractories has 2 current directors:

The latest financial statements of Gita Refractories on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Gita Refractories is 29AAACG5273C1ZR, registered in Karnataka. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.

The CIN (Corporate Identification Number) of Gita Refractories is U26959KA1995PTC017233. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Gita Refractories has 61 court cases on record: 41 filed by the company and 20 filed against it. 13 are pending. Most are in the district courts.

Gita Refractories was incorporated on 21 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.

Gita Refractories has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in March 2022.

Rajgopal Shankarlal Gilada ceased to be Managing Director on 02 Feb 2025. Bindu Rajagopal Gilada ceased to be Director on 09 Nov 2023. Vaibhav Rajgopal Gilada ceased to be Additional Director on 29 Sep 2018. Gita Refractories has 7 board changes on record in total.

Yes, Gita Refractories is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0008435).

Gita Refractories has 5 MSME Form 1 returns on record between 2019 and 2022, listing 26 overdue payments to 15 micro and small suppliers. The latest return was filed on 30 Apr 2022.