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 5 filed by the company and 3 filed against it; 3 cases are pending.
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.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressBlock No. 464 – 465 N.H. No. 8 At : Pipodara Tal : Mangrol, Surat, Gujarat, India – 394110
- IndustryManufacturing, Plastic-Based Products
- 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
- One PDF report, delivered after checkout
Associated Brands with Qrex Flex Private Limited
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 |
Competitors & Alternatives of Qrex Flex Private Limited
Brands and companies operating in the same space as Qrex Flex Private Limited include Xponential Fitness, Carnival Corporation, Forum Brands and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Xponential Fitness | Branding services are provided to clients by Xponential Fitness. | Irvine, United States | 1999 |
 Carnival Corporation | Provider of brand design services | Miami, United States | 1972 |
 Forum Brands | Platform offering brand management solutions | Palo Alto, United States | 2020 |
 Wasserman | Digital marketing, branding, and SMM services are offered. | Los Angeles, United States | 2002 |
 Pico Group | Marketing and branding services are provided internationally by Pico Group. | Hong Kong, China | 1969 |
 Tegna | Digital media broadcasting and TV services are operated by Tegna. | Mclean, United States | 1926 |
 a.k.a. | Branding services are provided for next-generation fashion brands. | West Hollywood, United States | 2018 |
 WHP Global | Branding services are provided globally by WHP Global. | New York, United States | 2019 |
 99designs | Provider of graphic design marketplace | San Francisco, United States | 2008 |
Business Activity of Qrex Flex Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Qrex Flex Private Limited
Qrex Flex Private Limited is audited by D V BARFIWALA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D V BARFIWALA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dryogesh Gordhanbhai Vilpara Also directs: Qrey Primir LLP, Shatva Wellness LLP | Director | 01 Dec 2011 | 14 Years 10 Months | Current |
| Mahendra Babubhai Gadara Also directs: Qrey Primir LLP | Director | 11 Aug 2015 | 11 Years 1 Months | Current |
| Chandubhai Jivrajbhai Gadara | Director | 16 Jul 2011 | 15 Years 2 Months | Current |
Financials of Qrex Flex Private Limited FY 2025 filings available
Qrex Flex Private Limited reported revenue of ₹184.26 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Qrex Flex Private Limited
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 of Qrex Flex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹14.6 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.71 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Qrex Flex Private Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
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| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
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| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Qrex Flex are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Qrex Flex Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Qrex Flex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2023 | Sidbi | ₹4.78 Cr | Open |
| 01 Apr 2021 | Hdfc Bank Limited | ₹68.1 Cr | Open |
| 22 Apr 2019 | Hdfc Bank Limited | ₹69.5 Cr | Open |
| 30 Jul 2013 | Others | ₹36.7 Cr | Open |
| 04 Jul 2013 | Others | ₹24 Cr | Open |
Total charge records: 9 View all charges
Employees and EPFO Compliance at Qrex Flex Private Limited
Qrex Flex Private Limited has a workforce of 41 employees as of Apr 03, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Qrex Flex Private Limited
Qrex Flex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACQ2582L1ZA | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Legal Cases of Qrex Flex Private Limited
Qrex Flex Private Limited has 10 court cases on record: 5 filed by Qrex Flex, 3 filed against it, 2 where it is another party. 3 cases are pending and 7 are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 3 | 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 Goflex Limited | Pending |
| District court, West, Delhi | Commercial suit | Filed against the company by Resol Vinyls and Chlorides Limited | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Limited | Disposed |
| High Court of Andhra Pradesh | Writ petition | Company is another party | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Disposed |
Full case history
All 10 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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, Litigation & Regulatory Alerts for Qrex Flex Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Qrex Flex Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Qrex Flex Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Qrex Flex Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Qrex Flex Private Limited
Frequently Asked Questions about Qrex Flex Private Limited
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 reported revenue of ₹184.26 Cr for FY 2025 (up 1% YoY).
Qrex Flex has 3 current directors:
- Dryogesh Gordhanbhai Vilpara - Director
- Mahendra Babubhai Gadara - Director
- Chandubhai Jivrajbhai Gadara - Director
Qrex Flex reported a net profit of ₹3.71 Cr (net margin 2%) and EBITDA of ₹14.6 Cr (EBITDA margin 7.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Qrex Flex is -7% over three years and 5% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
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: 5 filed by the company and 3 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.