About Qutone Tiles Private Limited
Data last updated:
Qutone Tiles Private Limited was a private limited company based in Wankaner, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 02 March 2012.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ2012PTC069258. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹3.2 Cr and a paid-up capital of ₹3 Cr. It was led by directors including Jagdish Kunvarjibhai Dalsaniya and Manoj Kumar Agarwal.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Survey No. 159/1 8 – A National Highway At – Dhuva, Wankaner, Gujarat, India – 363621.
As per the financials filed for FY 2017, the company reported a revenue of ₹76.42 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.42 Cr (net margin 3.2%) and EBITDA of ₹19 Cr (EBITDA margin 24.9%).
The company had about 65 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹4 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The last known website on record is qutoneceramic.com.
Company details
Contact details
Qutone Tiles Private Limited's registered office is in Wankaner, Gujarat. Its website is qutoneceramic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No. 159/1 8 – A National Highway At – Dhuva, Wankaner, Gujarat, India – 363621
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Qutone Tiles Private Limited, buy the company report.
- 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
Business activity
The main business activity of Qutone Tiles 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 Qutone Tiles Private Limited, buy the company report.
Financials of Qutone Tiles Private Limited
FY 2017 filings availableQutone Tiles Private Limited reported revenue of ₹76.42 Cr (up 895% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 895% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹76.42 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹19 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹2.42 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 24.9% | ||
| Net Profit Margin | 3.2% | ||
| 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 Qutone Tiles Private Limited, buy the company report.
Board of directors of Qutone Tiles Private Limited
Qutone Tiles has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagdish Kunvarjibhai Dalsaniya Also directs: Qutone Ceramic Private Limited | Director | 02 Mar 2012 | 14 Years 8 Months | As last reported |
| Manoj Kumar Agarwal Also directs: Qutone Ceramic Private Limited | Director | 02 Mar 2012 | 14 Years 8 Months | As last reported |
| Ashish Chirania | Director | 21 Jun 2016 | 10 Years 4 Months | As last reported |
| Sunil Sitaramji Manglunia Also directs: Qutone Ceramic Private Limited | Director | 02 Mar 2012 | 14 Years 8 Months | As last reported |
Peer comparison
Qutone Tiles 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 |
|---|---|---|---|---|---|---|
| Elica Vitrified Private Limited | ₹77.87 Cr (FY 2024) | 6.0% | Ghuntu, Gujarat, India | |||
| Stone Exporters (India) Private Limited | ₹77.84 Cr (FY 2023) | -48.0% | Hyderabad, Telangana, India | |||
| Marmola Vitrified Private Limited | ₹77.09 Cr (FY 2025) | -10.0% | Morbi, Gujarat, India | |||
| Adoration Ceramica Private Limited | ₹76.93 Cr (FY 2025) | -29.0% | Morbi, Gujarat, India | |||
| Qutone Tiles Private Limitedthis company | ₹76.42 Cr (FY 2017) | ₹2.42 Cr | 3.2% | 895.0% | Wankaner, Gujarat, India | |
| Millennia Tiles Private Limited | ₹75.77 Cr (FY 2025) | -7.0% | Morbi, Gujarat, India | |||
| Sega Ceramics Private Limited | ₹75.7 Cr (FY 2025) | 0.0% | Dhuva, Gujarat, India | |||
| Axwell Granito Private Limited | ₹73.94 Cr (FY 2025) | 1.0% | Morbi, Gujarat, India |
To see the full peer comparison of Qutone Tiles Private Limited, buy the company report.
Auditor
Qutone Tiles Private Limited is audited by PATEL SONI SHAH& CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATEL SONI SHAH& CO. | FY 2017 | 122829 |
Shareholding
The shareholding of Qutone Tiles Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Qutone Tiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Oct 2012 | 10388940 | Oriental Bank of Commerce | ₹4 Cr | Satisfied |
To see the full charge records of Qutone Tiles Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Qutone Tiles Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MORBI, Gujarat | Court case (CMA DC) | Filed against the company by an individual | Pending |
To see the full case history of Qutone Tiles 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Qutone Tiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Qutone Tiles has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Qutone Tiles Private Limited, buy the company report.
Recent activity
Qutone Tiles Private Limited has 5 board changes on record since 2012: 4 appointments and 1 cessation. The latest: Ashish Chirania was appointed as Director on 21 Jun 2016.
Frequently asked questions
Qutone Tiles has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Qutone Tiles was a private limited company based in Wankaner, Gujarat, India. The company worked in sanitaryware and tile, within the manufacturing industry. It was incorporated on 02 March 2012 and is registered under CIN U26933GJ2012PTC069258. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Qutone Tiles was incorporated on 02 March 2012. It is registered with the Registrar of Companies, Ahmedabad.
Qutone Tiles had 4 directors:
- Jagdish Kunvarjibhai Dalsaniya - Director
- Manoj Kumar Agarwal - Director
- Ashish Chirania - Director
- Sunil Sitaramji Manglunia - Director
The CIN (Corporate Identification Number) of Qutone Tiles is U26933GJ2012PTC069258. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Qutone Tiles is at Survey No. 1591 8 – A National Highway At – Dhuva, Wankaner, Gujarat, India – 363621.
Qutone Tiles can be reached through the website qutoneceramic.com. Its registered office is in Wankaner, Gujarat, India.
The latest financial statements of Qutone Tiles on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Qutone Tiles has 1 GST registration on record and it is cancelled or inactive.
Qutone Tiles operated in the manufacturing industry, in the sanitaryware and tile segment.
The peers of Qutone Tiles by revenue are Elica Vitrified Private Limited, Stone Exporters (India) Private Limited, Marmola Vitrified Private Limited, Adoration Ceramica Private Limited, Millennia Tiles 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).
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