MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0011830
Qrex Flex Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹184.26 Cr
▲ 1% YoY
Net profit · FY 2025
₹3.71 Cr
Net margin 2%
EBITDA · FY 2025
₹14.6 Cr
EBITDA margin 7.9%
Authorised capital
₹5.5 Cr
Registered with MCA
Paid-up capital
₹2.35 Cr
Issued & subscribed
Open charges
₹203.08 Cr
Satisfied ₹61.62 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
41
Provident fund records
About Qrex Flex Private Limited
Data last updated:
Qrex Flex Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 16 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25200GJ2011PTC066375. Its GSTIN is 24AAACQ2582L1ZA (Gujarat).
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹2.35 Cr. It is led by directors including Dryogesh Gordhanbhai Vilpara and Mahendra Babubhai Gadara.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Block No. 464 – 465 N.H. No. 8 At : Pipodara Tal : Mangrol, Surat, Gujarat, India – 394110.
As per the financials filed for FY 2025, the company reported a revenue of ₹184.26 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹3.71 Cr (net margin 2%) and EBITDA of ₹14.6 Cr (EBITDA margin 7.9%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 5% over five years.
The company has about 41 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Qrex Flex. As per MCA filings, the company has open charges of ₹203.08 Cr and satisfied charges of ₹61.62 Cr on record. Court records list 10 cases involving the company, including 6 filed by the company and 4 filed against it; 3 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.57 Cr; the latest was in August 2023. Its 6 peer companies in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 4 smaller; the largest is Consult Techniques (India) Private Limited with revenue of ₹185.79 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 146 overdue payments to 30 micro and small suppliers.
Qrex Flex Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0011830). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website qrexflex.com.
Company details
CIN U25200GJ2011PTC066375
Registration Number 066375
Incorporation Date 16 July 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 10 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0011830
Key People
Dryogesh Gordhanbhai Vilpara Director Mahendra Babubhai Gadara Director Chandubhai Jivrajbhai Gadara Director Recognitions & Rankings of Qrex Flex
Contact details
Qrex Flex Private Limited's registered office is in Surat, Gujarat. Its website is qrexflex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBlock No. 464 – 465 N.H. No. 8 At : Pipodara Tal : Mangrol, Surat, Gujarat, India – 394110
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Qrex Flex Private Limited, buy the company report.
Comprehensive company report
Qrex Flex 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
Qrex Flex operates one associated brand: Qrex Flex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive banner design services for various needs. | qrexflex.com |
Business activity
The main business activity of Qrex Flex is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Qrex Flex Private Limited, buy the company report.
Financials of Qrex Flex Private Limited
FY 2025 filings availableQrex Flex Private Limited reported revenue of ₹184.26 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹184.26 Cr ▲ 1%
Net profit · FY 2025
₹3.71 Cr margin 2%
EBITDA · FY 2025
₹14.6 Cr margin 7.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▼ 7%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 9%
5 years · compounded
▲ 1%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 1% growth in the latest year. EBITDA rose 41% 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 | ₹14.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.71 Cr | ||||
| 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 | 7.9% | ||||
| Net Profit Margin | 2% | ||||
| 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 Qrex Flex Private Limited, buy the company report.
Board of directors of Qrex Flex Private Limited
Qrex Flex has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dryogesh Gordhanbhai Vilpara Also directs: Qrey Primir LLP, Shatva Wellness LLP | Director | 01 Dec 2011 | 14 Years 11 Months | Current |
| Mahendra Babubhai Gadara Also directs: Qrey Primir LLP | Director | 11 Aug 2015 | 11 Years 2 Months | Current |
| Chandubhai Jivrajbhai Gadara | Director | 16 Jul 2011 | 15 Years 3 Months | Current |
Peer comparison
Qrex Flex Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Consult Techniques (India) Private Limited | ₹185.79 Cr (FY 2025) | 13.0% | Delhi, India | |||
| Greif India Plastics Private Limited | ₹185.01 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Qrex Flex Private Limitedthis company | ₹184.26 Cr (FY 2025) | ₹3.71 Cr | 2% | 1.0% | 41 | Surat, Gujarat, India |
| Ag Industries (Bawal) Private Limited | ₹177.17 Cr (FY 2025) | 21.0% | Bawal, Haryana, India | |||
| Pacoline Industries Private Limited | ₹176.86 Cr (FY 2025) | 14.0% | Pune, Maharashtra, India | |||
| Shree TNB Polymers Limited | ₹175.7 Cr (FY 2025) | -16.0% | Silvassa, Dadra and Nagar Haveli, India | |||
| Walter Pack Automotive Products India Private Limited | ₹174.96 Cr (FY 2025) | 12.0% | Pune, Maharashtra, India |
To see the full peer comparison of Qrex Flex Private Limited, buy the company report.
Auditor
Qrex Flex Private Limited is audited by D V BARFIWALA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D V BARFIWALA & CO | FY 2023 | 118936W |
Shareholding
The shareholding of Qrex Flex 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 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 Qrex Flex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹203.08 Cr
Satisfied charges
₹61.62 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2023 | 100740644 | Sidbi | ₹4.78 Cr | Open | |
| 01 Apr 2021 | 100448942 | Hdfc Bank Limited | ₹68.1 Cr | Open | |
| 22 Apr 2019 | 100261205 | Hdfc Bank Limited | ₹69.5 Cr | Open | |
| 30 Jul 2013 | 10441149 | Others | ₹36.7 Cr | Open | |
| 04 Jul 2013 | 10439255 | Others | ₹24 Cr | Open |
To see the full charge records of Qrex Flex Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Qrex Flex Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.57 Cr; the latest was in August 2023.
Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹10.57 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2014 | Funding round | ₹9.33 Cr | Investors: 4 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2012 | Funding round | ₹1.25 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Qrex Flex Private Limited has 10 court cases on record: 6 filed by Qrex Flex, 4 filed against it. 3 cases are pending and 7 are disposed.
Total cases
10
Filed by the company
6
Filed against the company
4
Pending
3
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 4 | 2 |
| High courts | 4 | 0 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Commercial matter | Filed by the company against Ms V S Yarns Pvt Ltd and 2 others | Pending |
| District court, West, Delhi | Commercial suit | Filed against the company by M/S Resol Vinyls and Chlorides Ltd | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd., Its Autho Offi. Tushar Bachubhai Patel | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The Union of India and 3 others | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 3 others | Disposed |
To see the full case history of Qrex Flex 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
Qrex Flex Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 146 overdue payments to 30 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 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vishnu Vivek Marble Industries Private Limited | |||
| Kody Rube-Tech Private Limited | |||
| J.K. Express | |||
| Rachna Plasticizers | |||
| an individual supplier |
To see the full MSME payment records of Qrex Flex Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Qrex Flex Private Limited has a workforce of 41 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
41
Active EPFO establishments
1
Employee growth
-10.87%
GST
Qrex Flex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACQ2582L1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Qrex Flex Private Limited, buy the company report.
Recent activity
Qrex Flex Private Limited has 9 board changes on record since 2011: 6 appointments and 3 cessations. The latest: Brijeshkumar Arvindbhai Mavani ceased to be Director on 07 Sep 2019.
AGM
Qrex Flex Private Limited last Annual general meeting of members was held on 10 Sep 2025 as per latest MCA records.
Filing
Qrex Flex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 68.10 Cr registered on 01 Apr 2021 with Charge ID 100448942 was modified on 01 Mar 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 69.50 Cr registered on 22 Apr 2019 with Charge ID 100261205 was modified on 28 Jan 2025.
Charges
A charge with Others of Rs. 24.00 Cr registered on 04 Jul 2013 with Charge ID 10439255 was modified on 19 Dec 2023.
Charges
A charge with Sidbi amounted to Rs. 4.78 Cr with Charge ID 100740644 was registered on 30 Jun 2023.
Charges
A charge with Others of Rs. 36.70 Cr registered on 30 Jul 2013 with Charge ID 10441149 was modified on 08 Jun 2021.
Charges
A charge registered on 21 Jan 2021 via Charge ID 100411353 with Others was fully satisfied on 21 Apr 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 68.10 Cr with Charge ID 100448942 was registered on 01 Apr 2021.
Charges
A charge with Others amounted to Rs. 4.90 Cr with Charge ID 100411353 was registered on 21 Jan 2021.
Charges
A charge registered on 25 Oct 2012 via Charge ID 10385222 with State Bank Of India was fully satisfied on 11 Jun 2020.
Ceased
Brijeshkumar Arvindbhai Mavani ceased to be Director.
17 earlier events are in the company report.
Frequently asked questions
Qrex Flex is an active private limited company based in Surat, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 16 July 2011 (15+ years old) and is registered under CIN U25200GJ2011PTC066375.
Qrex Flex has 3 current directors:
- Dryogesh Gordhanbhai Vilpara - Director
- Mahendra Babubhai Gadara - Director
- Chandubhai Jivrajbhai Gadara - Director
The latest financial statements of Qrex Flex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Qrex Flex is 24AAACQ2582L1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Qrex Flex is U25200GJ2011PTC066375. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qrex Flex has 10 court cases on record: 6 filed by the company and 4 filed against it. 3 are pending. Most are in the district courts.
Qrex Flex was incorporated on 16 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Qrex Flex has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.57 Cr; the latest was in August 2023.
The peers of Qrex Flex by revenue are Consult Techniques (India) Private Limited, Greif India Plastics Private Limited, Ag Industries (Bawal) Private Limited, Pacoline Industries Private Limited, Shree TNB Polymers Limited and 1 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Brijeshkumar Arvindbhai Mavani ceased to be Director on 07 Sep 2019. Manish Rasikbhai Gadara ceased to be Director on 07 Aug 2019. Mahendra Babubhai Gadara was appointed as Director on 11 Aug 2015. Qrex Flex has 9 board changes on record in total.
Yes, Qrex Flex is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0011830).
Qrex Flex has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 146 overdue payments to 30 micro and small suppliers. The latest return was filed on 08 Jun 2019.
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