MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0154122
Nikol Advance Materials Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹26.66 Cr
▲ 31% YoY
Net profit · FY 2025
₹1.13 Cr
Net margin 4.2%
EBITDA · FY 2025
₹2.01 Cr
EBITDA margin 7.5%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹20 Lakh
Issued & subscribed
Open charges
₹7.02 Cr
Secured borrowings
Company age
27 yrs
Est. 1999
Directors on board
3
As per MCA filings
About Nikol Advance Materials Private Limited
Data last updated:
Nikol Advance Materials Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 31 August 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17110GJ1999PTC036503. Its GSTIN is 24AABCN5443Q1Z4 (Gujarat).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It was formerly known as Nicol Textiles Private Limited and Nikol Textiles Private Limited. It is led by directors including Mehulkumar Purshottambhai Patel (Managing Director) and Dhavalkumar Purshotambhai 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 Madhav Estatenr Muktidham Indl Estate Nr Kiran Exports Nikol Villa, Ahmedabad, Gujarat, India – 382415.
As per the financials filed for FY 2025, the company reported a revenue of ₹26.66 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹1.13 Cr (net margin 4.2%) and EBITDA of ₹2.01 Cr (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 34% over five years.
The company is associated with 1 brand: Nikol. As per MCA filings, the company has open charges of ₹7.02 Cr on record.
Nikol Advance Materials Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0154122). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nikolindia.com.
Company details
CIN U17110GJ1999PTC036503
Registration Number 036503
Incorporation Date 31 August 1999
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 Small
Udyam Registration UDYAM-GJ-01-0154122
Name history
Nikol Advance Materials has undergone 2 name changes throughout its history. The company was previously known as Nicol Textiles Private Limited, and Nikol Textiles Private Limited. The current legal name is Nikol Advance Materials Private Limited.
| Company Name | Status |
|---|---|
| Nikol Advance Materials Private Limited | Current |
| Nicol Textiles Private Limited | Previous |
| Nikol Textiles Private Limited | Previous |
Key People
Mehulkumar Purshottambhai Patel Managing Director Dhavalkumar Purshotambhai Patel Director Purshottam Bhikhabhai Patel Additional Director Recognitions & Rankings of Nikol Advance Materials
Contact details
Nikol Advance Materials Private Limited's registered office is in Ahmedabad, Gujarat. Its website is nikolindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMadhav Estatenr Muktidham Indl Estate Nr Kiran Exports Nikol Villa, Ahmedabad, Gujarat, India – 382415
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Nikol Advance Materials Private Limited, buy the company report.
Comprehensive company report
Nikol Advance Materials 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
Nikol Advance Materials operates one associated brand: Nikol. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality technical fabrics for various textile markets. | nikolindia.com |
Business activity
The main business activity of Nikol Advance Materials is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Nikol Advance Materials Private Limited, buy the company report.
Financials of Nikol Advance Materials Private Limited
FY 2025 filings availableNikol Advance Materials Private Limited reported revenue of ₹26.66 Cr (up 31% YoY) for FY 2025.
Revenue · FY 2025
₹26.66 Cr ▲ 31%
Net profit · FY 2025
₹1.13 Cr margin 4.2%
EBITDA · FY 2025
₹2.01 Cr margin 7.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 31%
3 years · compounded
▲ 33%
5 years · compounded
▲ 34%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 7%
5 years · compounded
▼ 4%
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 31% growth in the latest year. 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 |
|---|---|---|---|---|---|
| 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 | ₹2.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.13 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 | 7.5% | ||||
| Net Profit Margin | 4.2% | ||||
| 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 Nikol Advance Materials Private Limited, buy the company report.
Board of directors of Nikol Advance Materials Private Limited
Nikol Advance Materials has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhavalkumar Purshotambhai Patel | Director | 01 Apr 2016 | 10 Years 7 Months | Current |
| Mehulkumar Purshottambhai Patel | Managing Director | 31 Aug 1999 | 27 Years 2 Months | Current |
| Purshottam Bhikhabhai Patel Also directs: Dhaval Fabrics Private Limited | Additional Director | 06 Mar 2018 | 8 Years 8 Months | Current |
Peer comparison
Nikol Advance Materials Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sagar Synthetics Private Limited | ₹26.72 Cr (FY 2025) | 4.0% | Gorakhpur, Uttar Pradesh, India | |||
| Nikol Advance Materials Private Limitedthis company | ₹26.66 Cr (FY 2025) | ₹1.13 Cr | 4.2% | 31.0% | Ahmedabad, Gujarat, India | |
| Haren Performance Fabrics Private Limited | ₹26.66 Cr (FY 2024) | 22.0% | Thane, Maharashtra, India | |||
| BS Lamination Industries Private Limited | ₹26.65 Cr (FY 2024) | 1.0% | New Delhi, Delhi, India | |||
| Ayeshaembroideries Textiles Private Limited | ₹26.63 Cr (FY 2025) | 16.0% | Bangalore, Karnataka, India | |||
| Osaa Tex Private Limited | ₹26.63 Cr (FY 2025) | 39.0% | Kolkata, West Bengal, India | |||
| Mercury Ensembles and Textiles Private Limited | ₹26.59 Cr (FY 2025) | -56.0% | New Delhi, Delhi, India |
To see the full peer comparison of Nikol Advance Materials Private Limited, buy the company report.
Auditor
Nikol Advance Materials Private Limited is audited by BHAGAT AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHAGAT AND ASSOCIATES | FY 2023 | 101100W |
Shareholding
The shareholding of Nikol Advance Materials 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 Nikol Advance Materials Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.02 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Apr 2023 | 100709066 | The Kalupur Commercial Co-Operative Bank Limited | ₹17.19 Lakh | Open | |
| 18 Aug 2022 | 100633415 | The Kalupur Commercial Co-Operative Bank Limited | ₹41 Lakh | Open | |
| 28 Apr 2022 | 100575126 | The Kalupur Commercial Co-Operative Bank Limited | ₹2.16 Cr | Open | |
| 07 Mar 2019 | 100246411 | The Kalupur Commercial Co-Operative Bank Limited | ₹10 Lakh | Open | |
| 19 Sep 2016 | 100067866 | The Kalupur Commercial Co-Operative Bank Limited | ₹15 Lakh | Open |
To see the full charge records of Nikol Advance Materials Private Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
No court or tribunal cases involving Nikol Advance Materials Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Nikol Advance Materials Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Nikol Advance Materials Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Nikol Advance Materials has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCN5443Q1Z4 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nikol Advance Materials Private Limited, buy the company report.
Recent activity
Nikol Advance Materials Private Limited has 5 board changes on record since 1999: 4 appointments and 1 cessation. The latest: Balubhai Patel ceased to be Director on 02 May 2018.
AGM
Nikol Advance Materials Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Nikol Advance Materials Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited amounted to Rs. 17.19 Lakh with Charge ID 100709066 was registered on 06 Apr 2023.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited of Rs. 216.00 Lakh registered on 28 Apr 2022 with Charge ID 100575126 was modified on 06 Apr 2023.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited amounted to Rs. 41.00 Lakh with Charge ID 100633415 was registered on 18 Aug 2022.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited amounted to Rs. 216.00 Lakh with Charge ID 100575126 was registered on 28 Apr 2022.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited amounted to Rs. 10.00 Lakh with Charge ID 100246411 was registered on 07 Mar 2019.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited of Rs. 250.60 Lakh registered on 31 Aug 2016 with Charge ID 100064451 was modified on 07 Mar 2019.
Ceased
Balubhai Patel ceased to be Director.
Appointed
Purshottam Bhikhabhai Patel was appointed as Additional Director.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited amounted to Rs. 15.00 Lakh with Charge ID 100067866 was registered on 19 Sep 2016.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited amounted to Rs. 250.60 Lakh with Charge ID 100064451 was registered on 31 Aug 2016.
11 earlier events are in the company report.
Frequently asked questions
Nikol Advance Materials is an active private limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 31 August 1999 (27+ years old) and is registered under CIN U17110GJ1999PTC036503.
Nikol Advance Materials has 3 current directors:
- Mehulkumar Purshottambhai Patel - Managing Director
- Dhavalkumar Purshotambhai Patel - Director
- Purshottam Bhikhabhai Patel - Additional Director
The latest financial statements of Nikol Advance Materials 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 Nikol Advance Materials is 24AABCN5443Q1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Nikol Advance Materials is U17110GJ1999PTC036503. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nikol Advance Materials was incorporated on 31 August 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Nikol Advance Materials by revenue are Sagar Synthetics Private Limited, Haren Performance Fabrics Private Limited, BS Lamination Industries Private Limited, Ayeshaembroideries Textiles Private Limited, Osaa Tex Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Balubhai Patel ceased to be Director on 02 May 2018. Purshottam Bhikhabhai Patel was appointed as Additional Director on 06 Mar 2018. Dhavalkumar Purshotambhai Patel was appointed as Director on 01 Apr 2016. Nikol Advance Materials has 5 board changes on record in total.
Yes, Nikol Advance Materials is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0154122).
Nikol Advance Materials has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 5 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Nikol Advance Materials can be reached through the website nikolindia.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Nikol Advance Materials is at Madhav Estatenr Muktidham Indl Estate Nr Kiran Exports Nikol Villa, Ahmedabad, Gujarat, India – 382415.
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