MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-32-0007296
Passion Vitrified Private Limited - manufacturing in Matel, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹42.45 Cr
▼ 38% YoY
Net profit · FY 2025
₹44.58 Lakh
Net margin 1.1%
EBITDA · FY 2025
₹2.89 Cr
EBITDA margin 6.8%
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹11 Cr
Issued & subscribed
Open charges
₹10 Cr
Satisfied ₹27.1 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
11
Provident fund records
About Passion Vitrified Private Limited
Data last updated:
Passion Vitrified Private Limited is a private limited company based in Matel, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 13 October 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26955GJ2014PTC081028. Its GSTIN is 24AAHCP8643A1ZL (Gujarat).
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹11 Cr. It is led by directors including Hardikkumar Kamleshbhai Adroja and Yogeshbhai Motibhai Adroja.
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 Survey No. 223/P1 Sartanpar Road Near Matel Tal. Wankaner, Gujarat, India – 363621.
As per the financials filed for FY 2025, the company reported a revenue of ₹42.45 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹44.58 Lakh (net margin 1.1%) and EBITDA of ₹2.89 Cr (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 2% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Passion Tiles. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹27.1 Cr on record. Court records list 20 cases involving the company, including 18 filed by the company and 2 filed against it; 6 cases are pending.
Passion Vitrified Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0007296). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website passiontiles.com.
Company details
CIN U26955GJ2014PTC081028
Registration Number 081028
Incorporation Date 13 October 2014
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 Non-Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-32-0007296
Key People
Hardikkumar Kamleshbhai Adroja Director Yogeshbhai Motibhai Adroja Director Kamleshbhai Bachubhai Adroja Director Recognitions & Rankings of Passion Vitrified
Contact details
Passion Vitrified Private Limited's registered office is in Matel, Gujarat. Its website is passiontiles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No. 223/P1 Sartanpar Road Near Matel Tal. Wankaner, Gujarat, India – 363621
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Passion Vitrified Private Limited, buy the company report.
Comprehensive company report
Passion Vitrified 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
Passion Vitrified operates one associated brand: Passion Tiles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies vitrified tiles for domestic and international markets. | passiontiles.com |
Business activity
The main business activity of Passion Vitrified 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 Passion Vitrified Private Limited, buy the company report.
Financials of Passion Vitrified Private Limited
FY 2025 filings availablePassion Vitrified Private Limited reported revenue of ₹42.45 Cr (down 38% YoY) for FY 2025.
Revenue · FY 2025
₹42.45 Cr ▼ 38%
Net profit · FY 2025
₹44.58 Lakh margin 1.1%
EBITDA · FY 2025
₹2.89 Cr margin 6.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 38%
3 years · compounded
▼ 12%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 18%
3 years · compounded
▼ 12%
5 years · compounded
▼ 11%
Revenue fell 38% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 18% 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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| Total Expenses | |||||
| EBITDA | ₹2.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹44.58 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 6.8% | ||||
| Net Profit Margin | 1.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Passion Vitrified Private Limited, buy the company report.
Board of directors of Passion Vitrified Private Limited
Passion Vitrified has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hardikkumar Kamleshbhai Adroja Also directs: Pethos Tiles LLP | Director | 01 Oct 2018 | 8 Years 0 Months | Current |
| Yogeshbhai Motibhai Adroja | Director | 13 Oct 2014 | 12 Years 0 Months | Current |
| Kamleshbhai Bachubhai Adroja Also directs: Ador Ceramics Private Limited | Director | 13 Oct 2014 | 12 Years 0 Months | Current |
Peer comparison
Passion Vitrified Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), 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 |
|---|---|---|---|---|---|---|
| Axison Vitrified Private Limited | ₹43.03 Cr (FY 2025) | 7.0% | Khakhrechi, Gujarat, India | |||
| Passion Vitrified Private Limitedthis company | ₹42.45 Cr (FY 2025) | ₹44.58 Lakh | 1.1% | -38.0% | 11 | Matel, Gujarat, India |
| Iscon Ceramic Private Limited | ₹42.31 Cr (FY 2025) | -2.0% | Jambudiya, Gujarat, India | |||
| Veto Ceramic Private Limited | ₹42.1 Cr (FY 2024) | 20.0% | Jambudia, Gujarat, India | |||
| Cruso Granito Private Limited | ₹41.86 Cr (FY 2025) | -43.0% | Wankaner, Gujarat, India | |||
| Agl Industries Limited | ₹41.59 Cr (FY 2025) | 5.0% | Prantij, Gujarat, India |
To see the full peer comparison of Passion Vitrified Private Limited, buy the company report.
Auditor
Passion Vitrified Private Limited is audited by TUSHAR KUMAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TUSHAR KUMAR & ASSOCIATES | FY 2023 | 158989W |
Shareholding
The shareholding of Passion Vitrified 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 Passion Vitrified Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Cr
Satisfied charges
₹27.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jun 2022 | 100586353 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 30 Mar 2015 | 10558949 | State Bank of India | ₹27.1 Cr | Satisfied |
To see the full charge records of Passion Vitrified Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Passion Vitrified Private Limited has 20 court cases on record: 18 filed by Passion Vitrified, 2 filed against it. 6 cases are pending and 14 are disposed.
Total cases
20
Filed by the company
18
Filed against the company
2
Pending
6
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 2 | 6 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against Aghara Rajnikant Vinodbhai Authorized Signatory/Proprietor of Star Enterprises | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against Aghara Rajnikant Vinodbhay Authorized Person@Signatory/Proprietor of Star Enterprises | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against Aghara Rajnikant Vinodbhay Authorized Person@Signatory/Proprietor of Star Enterprises@Out of Guj | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Passion Vitrified 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.
Credit ratings & regulatory alerts
Passion Vitrified Private Limited was last rated by Brickwork on 15 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 15 Jun 2022 |
To see the full credit ratings and regulatory alerts of Passion Vitrified Private Limited, buy the company report.
MSME payment delays
Passion Vitrified Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 117 overdue payments to 18 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 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Alfa Products | |||
| Lucid Microns LLP | |||
| J Patel Shipping & Logistics | |||
| Yatin Pack Print |
To see the full MSME payment records of Passion Vitrified Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Passion Vitrified Private Limited has a workforce of 11 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
11
Active EPFO establishments
1
Employee growth
-8.33%
GST
Passion Vitrified has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCP8643A1ZL | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Passion Vitrified Private Limited, buy the company report.
Recent activity
Passion Vitrified Private Limited has 5 board changes on record since 2014: 3 appointments and 2 cessations. The latest: Hardikkumar Kamleshbhai Adroja was appointed as Director on 01 Oct 2018.
AGM
Passion Vitrified Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Passion Vitrified 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. 10.00 Cr registered on 07 Jun 2022 with Charge ID 100586353 was modified on 04 Aug 2022.
Charges
A charge registered on 30 Mar 2015 via Charge ID 10558949 with State Bank Of India was fully satisfied on 07 Jul 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.00 Cr with Charge ID 100586353 was registered on 07 Jun 2022.
Appointed
Hardikkumar Kamleshbhai Adroja was appointed as Director.
Ceased
Naresh Keshavjibhai Rajpara ceased to be Director.
Ceased
Rajeshkumar Gandubhai Kalariya ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 27.10 Cr registered on 30 Mar 2015 with Charge ID 10558949 was modified on 15 Oct 2016.
Charges
A charge with State Bank Of India amounted to Rs. 27.10 Cr with Charge ID 10558949 was registered on 30 Mar 2015.
Appointed
Kamleshbhai Bachubhai Adroja was appointed as Director.
Appointed
Yogeshbhai Motibhai Adroja was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Passion Vitrified is an active private limited company based in Matel, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 13 October 2014 (12+ years old) and is registered under CIN U26955GJ2014PTC081028.
Passion Vitrified has 3 current directors:
- Hardikkumar Kamleshbhai Adroja - Director
- Yogeshbhai Motibhai Adroja - Director
- Kamleshbhai Bachubhai Adroja - Director
The latest financial statements of Passion Vitrified 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 Passion Vitrified is 24AAHCP8643A1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Passion Vitrified is U26955GJ2014PTC081028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Passion Vitrified has 20 court cases on record: 18 filed by the company and 2 filed against it. 6 are pending. Most are in the district courts.
Passion Vitrified was incorporated on 13 October 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Passion Vitrified by revenue are Axison Vitrified Private Limited, Iscon Ceramic Private Limited, Veto Ceramic Private Limited, Cruso Granito Private Limited, Agl Industries Limited, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Hardikkumar Kamleshbhai Adroja was appointed as Director on 01 Oct 2018. Naresh Keshavjibhai Rajpara ceased to be Director on 29 Sep 2018. Rajeshkumar Gandubhai Kalariya ceased to be Director on 29 Sep 2018. Passion Vitrified has 5 board changes on record in total.
Yes, Passion Vitrified is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-32-0007296).
Passion Vitrified has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 117 overdue payments to 18 micro and small suppliers. The latest return was filed on 21 May 2019.
Passion Vitrified can be reached through the website passiontiles.com. Its registered office is in Matel, Gujarat, India.