About Gujarat Guardian Limited
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Gujarat Guardian Limited is a public limited company based in Bharuch, Gujarat, India. It operates in the glass and products segment of the manufacturing sector. It was incorporated on 21 February 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17110GJ1990PLC013397. Its GSTIN is 24AAACG1622K1ZZ (Gujarat). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹175 Cr and a paid-up capital of ₹157 Cr. It is led by directors including Alok Kumar Modi (Managing Director) and Roopwant Singh.
Its last annual general meeting (AGM) was held on 05 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Valia Road State Highway Road Village Kondh Ankleshwar, Bharuch, Gujarat, India – 393001.
As per the financials filed for FY 2025, the company reported a revenue of ₹912.91 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹124.53 Cr (net margin 13.6%) and EBITDA of ₹207.43 Cr (EBITDA margin 22.7%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 6% over five years.
The company has about 476 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: ModiGuard and Gujarat Guardian Limited. As per MCA filings, the company has satisfied charges of ₹43.5 Cr on record. Court records list 236 cases involving the company, including 167 filed by the company and 69 filed against it; 48 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2018. Its 8 peer companies in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 5 larger and 3 smaller; the largest is Gold Plus Glass Industry Limited with revenue of ₹2,510.23 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 95 overdue payments to 44 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gujaratguardianglass.com.
Company details
Contact details
Gujarat Guardian Limited's registered office is in Bharuch, Gujarat. Its website is gujaratguardianglass.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressValia Road State Highway Road Village Kondh Ankleshwar, Bharuch, Gujarat, India – 393001
- IndustryManufacturing, Glass & Products
To see the full contact details of Gujarat Guardian 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
Brands
Gujarat Guardian operates two associated brands: ModiGuard and Gujarat Guardian Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Potato farming, grain marketing, and equipment services are handled in Maine. | modiguard.in | |
| Glass products are manufactured for architectural, interior, and residential uses. | gujaratguardianglass.com |
Business activity
The main business activity of Gujarat Guardian 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 Gujarat Guardian Limited, buy the company report.
Financials of Gujarat Guardian Limited
FY 2025 filings availableGujarat Guardian Limited reported revenue of ₹912.91 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 5% 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 | ₹207.43 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹124.53 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.7% | ||||
| Net Profit Margin | 13.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Gujarat Guardian Limited, buy the company report.
Board of directors and KMP of Gujarat Guardian Limited
Gujarat Guardian Limited currently reports 9 directors and 1 key managerial person. 49 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Roopwant Singh | Director | 26 Jul 2023 | 3 Years 3 Months | Current |
| Pankaj Mittal | Director | 11 Dec 2023 | 2 Years 10 Months | Current |
| Gustav Boekhoudt | Director | 31 Aug 2020 | 6 Years 2 Months | Current |
| Andrey Stolnyy | Director | 19 Jan 2021 | 5 Years 9 Months | Current |
| Alok Kumar Modi | Managing Director | 01 Apr 2014 | 12 Years 7 Months | Current |
| Ajit Mal Surana | Cfo | 19 Mar 2015 | 11 Years 7 Months | Current |
Peer comparison
Gujarat Guardian Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing including jewellery, 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 |
|---|---|---|---|---|---|---|
| Gold Plus Glass Industry Limited | ₹2,510.23 Cr (FY 2025) | 38.0% | New Delhi, Delhi, India | |||
| Hindusthan National Glass & Industries Limited | ₹1,839.44 Cr (FY 2025) | -30.0% | Mumbai, Maharashtra, India | |||
| Borosil Renewables Limited | ₹1,514.58 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Gold Plus Float Glass Private Limited | ₹1,348.21 Cr (FY 2025) | 121.0% | Delhi, India | |||
| Piramal Glass Private Limited | ₹1,317.17 Cr (FY 2024) | 127.0% | Mumbai, Maharashtra, India | |||
| Gujarat Guardian Limitedthis company | ₹912.91 Cr (FY 2025) | ₹124.53 Cr | 13.6% | -3.0% | 476 | Bharuch, Gujarat, India |
| Vishakha Glass Private Limited | ₹812.23 Cr (FY 2025) | 346.0% | Ahmedabad, Gujarat, India | |||
| Sisecam Flat Glass India Private Limited | ₹750.89 Cr (FY 2025) | 28.0% | Halol, Gujarat, India | |||
| Empire Industries Limited | ₹691.83 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Gujarat Guardian Limited, buy the company report.
Auditor
Gujarat Guardian Limited is audited by DELOITTE HASKINS & SELLS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS | FY 2023 | 117364W / W100739 |
Shareholding
The shareholding of Gujarat Guardian 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 Gujarat Guardian Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Sep 1996 | 80023267 | State Bank of India | ₹43.5 Cr | Satisfied |
To see the full charge records of Gujarat Guardian Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Gujarat Guardian Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Investor Education & Protection Fund Authority Seller: 3 individuals |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Mod Fashions and Securities Private Limited Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gujarat Guardian Limited has 236 court cases on record: 167 filed by Gujarat Guardian, 69 filed against it. 48 cases are pending and 188 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 151 | 30 | 30 |
| High courts | 72 | 29 | 18 |
| Supreme Court | 13 | 10 | 0 |
Cases on record (5 of 236)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bharuch, Gujarat | Criminal complaint | Filed by the company against M/S Chaudhary Glass Company Pvt.Ltd. and 1 other | Disposed |
| Supreme Court | Court case (3801-Matters Relating To Consumer Protection : Appeals u/s 23 of Consumer Protection Act, 1986.) | Filed against the company by The New India Assurance Co. Ltd. | Disposed |
| Bombay High Court | Court case (NMA) | Filed against the company by M/S. NSD Global Trade Private Ltd. | Disposed |
| Bombay High Court | Court case (APP) | Filed against the company by M/S. NSD Global Trade Private Ltd. | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
To see the full case history of Gujarat Guardian 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
Gujarat Guardian Limited was last rated by Icra on 17 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 17 Sep 2020 |
To see the full credit ratings and regulatory alerts of Gujarat Guardian Limited, buy the company report.
MSME payment delays
Gujarat Guardian Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 95 overdue payments to 44 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 44)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Hydroflex Pipe Private Limited | |||
| an individual supplier | |||
| Avani Enterprise | |||
| Hi-Tech Lime Industries |
To see the full MSME payment records of Gujarat Guardian Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Gujarat Guardian Limited has a workforce of 476 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Gujarat Guardian has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACG1622K1ZZ | Gujarat | Active | 01 Jul 2017 |
| 07AAACG1622K1ZV | Delhi | Active | 13 Jul 2017 |
| 09AAACG1622K1ZR | Uttar Pradesh | Active | 01 Jun 2019 |
| 23AAACG1622K1Z1 | Madhya Pradesh | Active | 12 Jan 2023 |
To see the full GST registrations and return filing status of Gujarat Guardian Limited, buy the company report.
Recent activity
Gujarat Guardian Limited has 59 board changes on record since 1990: 11 appointments and 48 cessations. The latest: Sandra Le Petit Ep Juvan was appointed as Additional Director on 06 Dec 2024.
53 earlier events are in the company report.
Frequently asked questions
Gujarat Guardian is an active public limited company based in Bharuch, Gujarat, India. The company works in glass and products, within the manufacturing industry. It was incorporated on 21 February 1990 (36+ years old) and is registered under CIN U17110GJ1990PLC013397.
Gujarat Guardian has 10 current directors and KMP:
- Alok Kumar Modi - Managing Director
- Roopwant Singh - Director
- Pankaj Mittal - Director
- Gustav Boekhoudt - Director
- Andrey Stolnyy - Director
- Gautam Amarnath Misra - Additional Director
- James Andrew Walker - Director
- Vinay Kumar Modi - Director
- Sandra Le Petit Ep Juvan - Additional Director
- Ajit Mal Surana - Cfo
The latest financial statements of Gujarat Guardian on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 05 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gujarat Guardian is 24AAACG1622K1ZZ, registered in Gujarat. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAACG1622K1ZV (Delhi), 09AAACG1622K1ZR (Uttar Pradesh), 23AAACG1622K1Z1 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Gujarat Guardian is U17110GJ1990PLC013397. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gujarat Guardian has 236 court cases on record: 167 filed by the company and 69 filed against it. 48 are pending. Most are in the district courts.
Gujarat Guardian was incorporated on 21 February 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Gujarat Guardian has 2 deals on record (2 secondary share transfers); the latest was in March 2018.
The peers of Gujarat Guardian by revenue are Gold Plus Glass Industry Limited, Hindusthan National Glass & Industries Limited, Borosil Renewables Limited, Gold Plus Float Glass Private Limited, Piramal Glass Private Limited and 3 more, all in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Sandra Le Petit Ep Juvan was appointed as Additional Director on 06 Dec 2024. James Andrew Walker ceased to be Additional Director on 21 Aug 2024. Pankaj Mittal ceased to be Additional Director on 21 Aug 2024. Gujarat Guardian has 59 board changes on record in total.
Gujarat Guardian has 9 MSME Form 1 returns on record between 2019 and 2024, listing 95 overdue payments to 44 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Gujarat Guardian can be reached through the website gujaratguardianglass.com. Its registered office is in Bharuch, Gujarat, India.
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