MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-32-0001808
Quro Vitrified Private Limited - manufacturing in Matel, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹53.95 Cr
▼ 11% YoY
Net profit · FY 2025
₹83.99 Lakh
Net margin 1.6%
EBITDA · FY 2025
₹3.47 Cr
EBITDA margin 6.4%
Authorised capital
₹11.25 Cr
Registered with MCA
Paid-up capital
₹11 Cr
Issued & subscribed
Open charges
₹25.22 Cr
Satisfied ₹25.22 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
7
Provident fund records
About Quro Vitrified Private Limited
Data last updated:
Quro 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 26 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26941GJ2016PTC086243. Its GSTIN is 24AAACQ4167D1ZQ (Gujarat).
The company has an authorised share capital of ₹11.25 Cr and a paid-up capital of ₹11 Cr. It is led by directors including Ganesh Nanjibhai Jivani and Navnitbhai Mansukhbhai Jivani.
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 Sr. No. 197P1 Nr. Amardham Temple Tal. Wankaner Dist. Morbi, Matel, Gujarat, India – 363621.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.95 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹83.99 Lakh (net margin 1.6%) and EBITDA of ₹3.47 Cr (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 5% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25.22 Cr and satisfied charges of ₹25.22 Cr on record. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it; 2 cases are pending. The company has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in September 2017. Its 7 peer companies 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) are compared by revenue, 2 larger and 5 smaller; the largest is Angel Ceramics Private Limited with revenue of ₹54.34 Cr.
Quro Vitrified Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0001808). 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 qurovitrified.com.
Company details
CIN U26941GJ2016PTC086243
Registration Number 086243
Incorporation Date 26 February 2016
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-32-0001808
Key People
Ganesh Nanjibhai Jivani Director Navnitbhai Mansukhbhai Jivani Director Gaurav Hareshbhai Kadivar Director Recognitions & Rankings of Quro Vitrified
Contact details
Quro Vitrified Private Limited's registered office is in Matel, Gujarat. Its website is qurovitrified.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSr. No. 197P1 Nr. Amardham Temple Tal. Wankaner Dist. Morbi, Matel, Gujarat, India – 363621
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Quro Vitrified Private Limited, buy the company report.
Comprehensive company report
Quro 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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Business activity
The main business activity of Quro 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 Quro Vitrified Private Limited, buy the company report.
Financials of Quro Vitrified Private Limited
FY 2025 filings availableQuro Vitrified Private Limited reported revenue of ₹53.95 Cr (down 11% YoY) for FY 2025.
Revenue · FY 2025
₹53.95 Cr ▼ 11%
Net profit · FY 2025
₹83.99 Lakh margin 1.6%
EBITDA · FY 2025
₹3.47 Cr margin 6.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▼ 2%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 16%
3 years · compounded
▼ 10%
5 years · compounded
▼ 9%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 16% 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 | ₹3.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹83.99 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| 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 | 6.4% | ||||
| Net Profit Margin | 1.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Quro Vitrified Private Limited, buy the company report.
Board of directors of Quro Vitrified Private Limited
Quro Vitrified has 4 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 |
|---|---|---|---|---|
| Ganesh Nanjibhai Jivani | Director | 27 Dec 2018 | 7 Years 9 Months | Current |
| Navnitbhai Mansukhbhai Jivani | Director | 26 Feb 2016 | 10 Years 8 Months | Current |
| Gaurav Hareshbhai Kadivar | Director | 04 Jun 2016 | 10 Years 4 Months | Current |
| Ravi Ganeshbhai Jivani | Director | 09 Oct 2017 | 9 Years 0 Months | Current |
Peer comparison
Quro Vitrified Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Angel Ceramics Private Limited | ₹54.34 Cr (FY 2024) | 10.0% | Morbi, Gujarat, India | |||
| Sirazee Tiles Private Limited | ₹54.3 Cr (FY 2025) | 11.0% | Hyderabad, Telangana, India | |||
| Quro Vitrified Private Limitedthis company | ₹53.95 Cr (FY 2025) | ₹83.99 Lakh | 1.6% | -11.0% | 7 | Matel, Gujarat, India |
| Segam Tiles Private Limited | ₹53.92 Cr (FY 2025) | -26.0% | Morbi, Gujarat, India | |||
| Shubh Tiles Private Limited | ₹53.6 Cr (FY 2025) | -2.0% | Lakhdhirpur Road, Gujarat, India | |||
| Sunpark Granito Private Limited | ₹53.57 Cr (FY 2025) | -27.0% | Matel, Gujarat, India | |||
| Taurus Tiles Private Limited | ₹53.55 Cr (FY 2025) | 19.0% | Jashmatgadh, Gujarat, India | |||
| Fateh Stones International Private Limited | ₹53.51 Cr (FY 2024) | 6.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Quro Vitrified Private Limited, buy the company report.
Auditor
Quro Vitrified Private Limited is audited by Dhamsaniya Rajdev & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dhamsaniya Rajdev & Associates | FY 2022 | 14406W |
Shareholding
The shareholding of Quro Vitrified Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Quro Vitrified Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25.22 Cr
Satisfied charges
₹25.22 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Aug 2016 | 100047215 | State Bank of India | ₹25.22 Cr | Satisfied |
To see the full charge records of Quro Vitrified Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Quro Vitrified Private Limited has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in September 2017.
Total deals
3
Rights issues
2
Secondary share transfer
1
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2017 | Rights issue | ₹73 Lakh | Investors: 4 individuals |
| May 2016 | Rights issue | ₹10.24 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Quro Vitrified Private Limited has 7 court cases on record: 6 filed by Quro Vitrified, 1 filed against it. 2 cases are pending and 5 are disposed.
Total cases
7
Filed by the company
6
Filed against the company
1
Pending
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against Jaykishan Ashvinbhai Bhadla Prop. of Bazillo International | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Disposed |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, MORBI, Gujarat | Court case (CR EN) | Filed by the company against an individual | Disposed |
To see the full case history of Quro 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
Quro Vitrified Private Limited was last rated by Crisil on 24 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 24 Mar 2020 |
To see the full credit ratings and regulatory alerts of Quro Vitrified Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Quro Vitrified Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Quro Vitrified Private Limited has a workforce of 7 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
GST
Quro Vitrified has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACQ4167D1ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Quro Vitrified Private Limited, buy the company report.
Recent activity
Quro Vitrified Private Limited has 6 board changes on record since 2016: 4 appointments and 2 cessations. The latest: Ganesh Nanjibhai Jivani was appointed as Director on 27 Dec 2018.
AGM
Quro Vitrified Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 08 Aug 2016 via Charge ID 100047215 with State Bank Of India was fully satisfied on 07 Apr 2025.
Filing
Quro Vitrified Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with State Bank Of India of Rs. 25.22 Cr registered on 08 Aug 2016 with Charge ID 100047215 was modified on 04 Jun 2020.
Appointed
Ganesh Nanjibhai Jivani was appointed as Director.
Ceased
Kantilal Nanjibhai Jivani ceased to be Director.
Appointed
Ravi Ganeshbhai Jivani was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 25.22 Cr with Charge ID 100047215 was registered on 08 Aug 2016.
Ceased
Chirag Mansukhlal Kadivar ceased to be Director.
Appointed
Gaurav Hareshbhai Kadivar was appointed as Director.
Appointed
Navnitbhai Mansukhbhai Jivani was appointed as Director.
Incorporation
26 Feb 2016
Quro Vitrified Private Limited was registered on 26 Feb 2016 with Roc Ahmedabad & aged 10 years 8 months as per MCA records.
Frequently asked questions
Quro 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 26 February 2016 (10+ years old) and is registered under CIN U26941GJ2016PTC086243.
Quro Vitrified has 4 current directors:
- Ganesh Nanjibhai Jivani - Director
- Navnitbhai Mansukhbhai Jivani - Director
- Gaurav Hareshbhai Kadivar - Director
- Ravi Ganeshbhai Jivani - Director
The latest financial statements of Quro 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 FY 2016 are in the company report.
The GSTIN of Quro Vitrified is 24AAACQ4167D1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Quro Vitrified is U26941GJ2016PTC086243. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Quro Vitrified has 7 court cases on record: 6 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
Quro Vitrified was incorporated on 26 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Quro Vitrified has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in September 2017.
The peers of Quro Vitrified by revenue are Angel Ceramics Private Limited, Sirazee Tiles Private Limited, Segam Tiles Private Limited, Shubh Tiles Private Limited, Sunpark Granito Private Limited and 2 more, 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).
Ganesh Nanjibhai Jivani was appointed as Director on 27 Dec 2018. Kantilal Nanjibhai Jivani ceased to be Director on 18 Dec 2018. Ravi Ganeshbhai Jivani was appointed as Director on 09 Oct 2017. Quro Vitrified has 6 board changes on record in total.
Yes, Quro Vitrified is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-32-0001808).