About Glascon Thermo Process Private Limited
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Glascon Thermo Process Private Limited is a private limited company based in Nippani, Karnataka, India. It operates in the glass and products segment of the manufacturing sector. It was incorporated on 25 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36990KA2012PTC066011. Its GSTIN is 29AAECG9154G1ZB (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Umesh Vasantrao Mirjkar (Managing Director) and Praveen Chidanand Tori.
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 Ward No. 6 Rs No. 185/4 At Multiplex Mall Building Chikkodi Road, Nippani, Karnataka, India – 591237.
As per the financials filed for FY 2025, the company reported a revenue of ₹91,817, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹2.05 Cr and EBITDA of -₹1.86 Cr. Revenue has declined at a compounded annual rate (CAGR) of 83% over three years and 73% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹40 Cr on record. Court records list 9 cases involving the company, including 9 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website glascon.co.
Company details
Contact details
Glascon Thermo Process Private Limited's registered office is in Nippani, Karnataka. Its website is glascon.co. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressWard No. 6 Rs No. 185/4 At Multiplex Mall Building Chikkodi Road, Nippani, Karnataka, India – 591237
- IndustryManufacturing, Glass & Products
To see the full contact details of Glascon Thermo Process Private Limited, buy the company report.
- 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
Financials of Glascon Thermo Process Private Limited
FY 2025 filings availableGlascon Thermo Process Private Limited reported revenue of ₹91,817 (down 92% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 73% over five years, including a 92% fall 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 |
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| EBITDA | -₹1.86 Cr | ||||
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| Net Profit (PAT) | -₹2.05 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Glascon Thermo Process Private Limited, buy the company report.
Board of directors of Glascon Thermo Process Private Limited
Glascon Thermo Process has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praveen Chidanand Tori | Director | 25 Jul 2018 | 8 Years 3 Months | Current |
| Abhay Vasant Rao Mirajkar | Director | 02 May 2013 | 13 Years 5 Months | Current |
| Umesh Vasantrao Mirjkar | Managing Director | 25 Sep 2012 | 14 Years 1 Months | Current |
| Anil Vasantrao Mirajkar | Director | 25 Sep 2012 | 14 Years 1 Months | Current |
| Vijaykumar Shantappa Mangasule | Director | 25 Sep 2012 | 14 Years 1 Months | Current |
Peer comparison
Glascon Thermo Process Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing including jewelry, 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 |
|---|---|---|---|---|---|---|
| Aaimaa Glass India Private Limited | ₹1.08 Lakh (FY 2025) | Jodhpur, Rajasthan, India | ||||
| Aegis Glass Containers Private Limited | ₹1.08 Lakh (FY 2025) | Pune, Maharashtra, India | ||||
| Zircon Glass (India ) Private Limited | ₹96,116 (FY 2021) | -98.0% | Thane, Maharashtra, India | |||
| Glascon Thermo Process Private Limitedthis company | ₹91,817 (FY 2025) | -₹2.05 Cr | -92.0% | 23 | Nippani, Karnataka, India | |
| Vitrum Tiles and Glass Ltd. | ₹88,607 (FY 2024) | 136.0% | Kolkata, West Bengal, India | |||
| Pur Opale Creations Limited | ₹86,244 (FY 2024) | -92.0% | Vadodara, Gujarat, India | |||
| Murbad Glass Private Limited | ₹78,196 (FY 2025) | 86.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Glascon Thermo Process Private Limited, buy the company report.
Auditor
Glascon Thermo Process Private Limited is audited by P G GHALI & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P G GHALI & CO | FY 2022 | 011092S |
Shareholding
The shareholding of Glascon Thermo Process Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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To see the full shareholding pattern of Glascon Thermo Process Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Dec 2021 | 100522667 | Canara Bank | ₹40 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Glascon Thermo Process Private Limited has 9 court cases on record: 9 filed by Glascon Thermo Process. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 0 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against I G Glass Private Ltd and 1 other | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against I G Glass Private Ltd | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against BMT Machines Pvt. Ltd., and 1 other | Disposed |
| District court, BELAGAVI, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of Glascon Thermo Process 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 Glascon Thermo Process Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Glascon Thermo Process Private Limited has a workforce of 23 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Glascon Thermo Process has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECG9154G1ZB | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Glascon Thermo Process Private Limited, buy the company report.
Recent activity
Glascon Thermo Process Private Limited has 13 board changes on record since 2012: 7 appointments and 6 cessations. The latest: Basavaprasad Annasaheb Jolle ceased to be Additional Director on 30 Sep 2018.
5 earlier events are in the company report.
Frequently asked questions
Glascon Thermo Process is an active private limited company based in Nippani, Karnataka, India. The company works in glass and products, within the manufacturing industry. It was incorporated on 25 September 2012 (14+ years old) and is registered under CIN U36990KA2012PTC066011.
Glascon Thermo Process has 5 current directors:
- Umesh Vasantrao Mirjkar - Managing Director
- Praveen Chidanand Tori - Director
- Abhay Vasant Rao Mirajkar - Director
- Anil Vasantrao Mirajkar - Director
- Vijaykumar Shantappa Mangasule - Director
The latest financial statements of Glascon Thermo Process 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 Glascon Thermo Process is 29AAECG9154G1ZB, registered in Karnataka.
The CIN (Corporate Identification Number) of Glascon Thermo Process is U36990KA2012PTC066011. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glascon Thermo Process has 9 court cases on record: 9 filed by the company. 1 is pending. Most are in the district courts.
Glascon Thermo Process was incorporated on 25 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Glascon Thermo Process by revenue are Aaimaa Glass India Private Limited, Aegis Glass Containers Private Limited, Zircon Glass (India ) Private Limited, Vitrum Tiles and Glass Ltd, Pur Opale Creations Limited and 1 more, all in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing including jewelry, musical instruments, medical instruments, sports goods, etc. activities).
Basavaprasad Annasaheb Jolle ceased to be Additional Director on 30 Sep 2018. Praveen Chidanand Tori ceased to be Additional Director on 30 Sep 2018. Praveen Chidanand Tori was appointed as Director on 25 Jul 2018. Glascon Thermo Process has 13 board changes on record in total.
Glascon Thermo Process can be reached through the website glascon.co. Its registered office is in Nippani, Karnataka, India.
The registered office of Glascon Thermo Process is at Ward No. 6 Rs No. 1854 At Multiplex Mall Building Chikkodi Road, Nippani, Karnataka, India – 591237.