MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-09-0004046
Oswal Industries Limited - manufacturing in Kalol, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹312.02 Cr
▲ 23% YoY
Net profit · FY 2025
₹56.43 Cr
Net margin 18.1%
EBITDA · FY 2025
₹92.16 Cr
EBITDA margin 29.5%
Authorised capital
₹20.56 Cr
Registered with MCA
Paid-up capital
₹9.98 Cr
Issued & subscribed
Open charges
₹237.51 Cr
Satisfied ₹439.55 Cr
Company age
43 yrs
Est. 1983
Employees · EPFO
340
Provident fund records
About Oswal Industries Limited
Data last updated:
Oswal Industries Limited is a public limited company based in Kalol, Gujarat, India. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 19 March 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27100GJ1983PLC006037. Its GSTIN is 24AAACO3443L1ZI (Gujarat). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹20.56 Cr and a paid-up capital of ₹9.98 Cr. It was formerly known as Oswal Castings Private Limited and Oswal Castings Limited. It is led by directors including Ravi Parasmalji Doshi (Managing Director) and Jitendra Hastimalji Bokadia (Managing Director).
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 Block No.258 Village – Ola, Ahmedabad – Mehsana Highway Taluka – Kalol, Gujarat, India – 382721.
As per the financials filed for FY 2025, the company reported a revenue of ₹312.02 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹56.43 Cr (net margin 18.1%) and EBITDA of ₹92.16 Cr (EBITDA margin 29.5%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 5% over five years.
The company has about 340 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹237.51 Cr and satisfied charges of ₹439.55 Cr on record. Court records list 19 cases involving the company, including 7 filed by the company and 12 filed against it; 1 case is pending.
Oswal Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0004046). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website oswalvalves.com.
Company details
CIN U27100GJ1983PLC006037
Registration Number 006037
Incorporation Date 19 March 1983
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 Medium
Udyam Registration UDYAM-GJ-09-0004046
Name history
Oswal Industries has undergone 2 name changes throughout its history. The company was previously known as Oswal Castings Private Limited, and Oswal Castings Limited. The current legal name is Oswal Industries Limited.
| Company Name | Status |
|---|---|
| Oswal Industries Limited | Current |
| Oswal Castings Private Limited | Previous |
| Oswal Castings Limited | Previous |
CIN history
Oswal Industries has one previous CIN (Corporate Identification Number): L27100GJ1983PLC006037. The current CIN is U27100GJ1983PLC006037, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100GJ1983PLC006037 | Current |
| L27100GJ1983PLC006037 | Previous |
Key People
Ravi Parasmalji Doshi Managing Director Jitendra Hastimalji Bokadia Managing Director Jayant Babulal Bokadia Director Recognitions & Rankings of Oswal Industries
Contact details
Oswal Industries Limited's registered office is in Kalol, Gujarat. Its website is oswalvalves.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBlock No.258 Village – Ola, Ahmedabad – Mehsana Highway Taluka – Kalol, Gujarat, India – 382721
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Oswal Industries Limited, buy the company report.
Comprehensive company report
Oswal Industries 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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Business activity
The main business activities of Oswal Industries are electricity, gas, steam and air condition supply and manufacturing. In detail, this covers electric power generation, transmission and distribution and metal and metal products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Oswal Industries Limited, buy the company report.
Financials of Oswal Industries Limited
FY 2025 filings availableOswal Industries Limited reported revenue of ₹312.02 Cr (up 23% YoY) for FY 2025.
Revenue · FY 2025
₹312.02 Cr ▲ 23%
Net profit · FY 2025
₹56.43 Cr margin 18.1%
EBITDA · FY 2025
₹92.16 Cr margin 29.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 23%
3 years · compounded
▲ 6%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 81%
3 years · compounded
▲ 38%
5 years · compounded
▲ 23%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 23% growth in the latest year. EBITDA rose 81% 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 | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹92.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹56.43 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| 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 | 29.5% | ||||
| Net Profit Margin | 18.1% | ||||
| 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 Oswal Industries Limited, buy the company report.
Board of directors of Oswal Industries Limited
Oswal Industries has 7 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayant Babulal Bokadia Also directs: Oswal Energies Limited, Almamapper Technologies Private Limited | Director | 23 Aug 2005 | 21 Years 2 Months | Current |
| Arvind Kumar Bhandari | Director | 29 Sep 2017 | 9 Years 1 Months | Current |
| Babulal Hastimalji Bokadia | Director | 19 Mar 1983 | 43 Years 7 Months | Current |
| Ravi Parasmalji Doshi | Managing Director | 23 Aug 2005 | 21 Years 2 Months | Current |
| Ratan Babulal Bokadia Also directs: Oswal Energies Limited, Enggpro Business Solutions Private Limited | Director | 11 Nov 2021 | 4 Years 11 Months | Current |
| Jitendra Hastimalji Bokadia | Managing Director | 01 Aug 1993 | 33 Years 3 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Oswal Industries Limited is audited by HITESH PRAKASH SHAH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HITESH PRAKASH SHAH & CO. | FY 2023 | 127614W |
Shareholding
The shareholding of Oswal Industries Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Oswal Industries Limited, buy the company report.
Charges & borrowings
Open charges
₹237.51 Cr
Satisfied charges
₹439.55 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2022 | 100570179 | Axis Bank Limited | ₹37 Cr | Open | |
| 31 Mar 2021 | 100460597 | Axis Bank Limited | ₹15 Cr | Open | |
| 19 Feb 2019 | 100239852 | Hdfc Bank Limited | ₹2.65 Cr | Open | |
| 06 Feb 2019 | 100241793 | Others | ₹71.5 Cr | Open | |
| 03 Nov 2015 | 10619020 | Hdfc Bank Limited | ₹111.36 Cr | Open |
To see the full charge records of Oswal Industries Limited, buy the company report.
Total charge records: 34 View all charges
Legal cases
Oswal Industries Limited has 19 court cases on record: 7 filed by Oswal Industries, 12 filed against it. 1 case is pending and 18 are disposed.
Total cases
19
Filed by the company
7
Filed against the company
12
Pending
1
Disposed
18
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 11 | 0 |
| High courts | 6 | 1 | 1 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against The Branch Manager, the HDFC Bank Limited and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Commissioner, the Central Goods and Service Tax and Central Excise and 4 others | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by an individual | Disposed |
| District court, GANDHINAGAR, Gujarat | Court case (SMST R) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Commercial suit | Filed by the company | Disposed |
To see the full case history of Oswal Industries 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
Oswal Industries Limited was last rated by Indiarating on 02 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 02 Mar 2021 |
To see the full credit ratings and regulatory alerts of Oswal Industries Limited, buy the company report.
MSME payment delays
Oswal Industries Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 1,910 overdue payments to 109 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 109)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kohinoor Paints and Hardware Mart | |||
| Vijay Seals | |||
| an individual supplier | |||
| Space Alloys Private Limited | |||
| Equinox Alloys Cast LLP |
To see the full MSME payment records of Oswal Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Oswal Industries Limited has a workforce of 340 employees on its EPFO records as of Apr 13, 2025, across 1 active EPFO establishment.
Employee count
340
Active EPFO establishments
1
Employee growth
9.68%
GST
Oswal Industries has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACO3443L1ZI | Gujarat | Active | 01 Jul 2017 |
| 24AAACO3443L1DR | Gujarat | Active | 18 Nov 2024 |
| 27AAACO3443L1ZC | Maharashtra | Active | 28 Dec 2018 |
To see the full GST registrations and return filing status of Oswal Industries Limited, buy the company report.
Recent activity
Oswal Industries Limited has 24 board changes on record since 1983: 7 appointments and 17 cessations. The latest: Arpana Sandeep Shah was appointed as Additional Director on 01 Sep 2024.
AGM
Oswal Industries Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 08 Feb 2019 via Charge ID 100256663 with Hdfc Bank Limited was fully satisfied on 28 Aug 2025.
Filing
Oswal Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 10 Jan 2020 via Charge ID 100325968 with Hdfc Bank Limited was fully satisfied on 07 Jan 2025.
Charges
A charge registered on 04 Jan 2020 via Charge ID 100325969 with Hdfc Bank Limited was fully satisfied on 07 Jan 2025.
Appointed
Arpana Sandeep Shah was appointed as Additional Director.
Charges
A charge registered on 04 Aug 2017 via Charge ID 100150986 with Hdfc Bank Limited was fully satisfied on 01 Jun 2024.
Ceased
Ravi Parasmalji Doshi ceased to be Whole-Time Director.
Charges
A charge with Others of Rs. 71.50 Cr registered on 06 Feb 2019 with Charge ID 100241793 was modified on 27 Mar 2024.
Charges
A charge registered on 28 Dec 2017 via Charge ID 100160316 with Others was fully satisfied on 18 Jul 2023.
Charges
A charge registered on 14 Oct 2020 via Charge ID 100383271 with Hdfc Bank Limited was fully satisfied on 12 Jul 2023.
Charges
A charge with Axis Bank Limited of Rs. 15.00 Cr registered on 31 Mar 2021 with Charge ID 100460597 was modified on 10 Jul 2023.
92 earlier events are in the company report.
Frequently asked questions
Oswal Industries is an active public limited company based in Kalol, Gujarat, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 19 March 1983 (43+ years old) and is registered under CIN U27100GJ1983PLC006037.
Oswal Industries has 7 current directors:
- Ravi Parasmalji Doshi - Managing Director
- Jitendra Hastimalji Bokadia - Managing Director
- Jayant Babulal Bokadia - Director
- Arvind Kumar Bhandari - Director
- Babulal Hastimalji Bokadia - Director
- Ratan Babulal Bokadia - Director
- Arpana Sandeep Shah - Additional Director
The latest financial statements of Oswal Industries 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 Oswal Industries is 24AAACO3443L1ZI, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAACO3443L1DR (Gujarat), 27AAACO3443L1ZC (Maharashtra).
The CIN (Corporate Identification Number) of Oswal Industries is U27100GJ1983PLC006037. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Oswal Industries has 19 court cases on record: 7 filed by the company and 12 filed against it. 1 is pending. Most are in the district courts.
Oswal Industries was incorporated on 19 March 1983, making it 43+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Arpana Sandeep Shah was appointed as Additional Director on 01 Sep 2024. Ravi Parasmalji Doshi ceased to be Whole-Time Director on 31 Mar 2024. Ratan Babulal Bokadia ceased to be Additional Director on 28 Sep 2022. Oswal Industries has 24 board changes on record in total.
Yes, Oswal Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-09-0004046).
Oswal Industries has 15 MSME Form 1 returns on record between 2019 and 2024, listing 1,910 overdue payments to 109 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Oswal Industries can be reached through the website oswalvalves.com. Its registered office is in Kalol, Gujarat, India.
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