MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0182360
Relay Particle Private Limited
Relay Particle Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹17.29 Cr
▲ 165% YoY
Net profit · FY 2025
₹37.73 Lakh
Net margin 2.2%
EBITDA · FY 2025
₹4.48 Cr
EBITDA margin 25.9%
Authorised capital
₹5.25 Cr
Registered with MCA
Paid-up capital
₹4.92 Cr
Issued & subscribed
Open charges
₹17.64 Cr
Secured borrowings
Company age
4 yrs
Est. 2022
Directors on board
4
As per MCA filings
About Relay Particle Private Limited
Data last updated:
Relay Particle Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 14 June 2022.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U20299GJ2022PTC132837. Its GSTIN is 24AALCR9426P1ZL (Gujarat).
The company has an authorised share capital of ₹5.25 Cr and a paid-up capital of ₹4.92 Cr. It is led by directors including Ashish Dwarkadas Thakkar and Manish Laxmichand Roopchandani.
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 406 4th Floor Kataria Arcade B/S Adani School D.A.B School Makarba, Ahmedabad, Gujarat, India – 380051.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.29 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹37.73 Lakh (net margin 2.2%) and EBITDA of ₹4.48 Cr (EBITDA margin 25.9%).
As per MCA filings, the company has open charges of ₹17.64 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
Relay Particle Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0182360). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U20299GJ2022PTC132837
Registration Number 132837
Incorporation Date 14 June 2022
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 MSME
Udyam Registration UDYAM-GJ-01-0182360
Key People
Ashish Dwarkadas Thakkar Director Manish Laxmichand Roopchandani Director Rafik Sumar Pinjara Director Recognitions & Rankings of Relay Particle
Contact details
Relay Particle Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address406 4th Floor Kataria Arcade B/S Adani School D.A.B School Makarba, Ahmedabad, Gujarat, India – 380051
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of Relay Particle Private Limited, buy the company report.
Comprehensive company report
Relay Particle 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 Relay Particle is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Relay Particle Private Limited, buy the company report.
Financials of Relay Particle Private Limited
FY 2025 filings availableRelay Particle Private Limited reported revenue of ₹17.29 Cr (up 165% YoY) for FY 2025.
Revenue · FY 2025
₹17.29 Cr ▲ 165%
Net profit · FY 2025
₹37.73 Lakh margin 2.2%
EBITDA · FY 2025
₹4.48 Cr margin 25.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 165%
Revenue rose 165% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹4.48 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹37.73 Lakh | ||
| 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 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 25.9% | ||
| Net Profit Margin | 2.2% | ||
| 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 Relay Particle Private Limited, buy the company report.
Board of directors of Relay Particle Private Limited
Relay Particle has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Dwarkadas Thakkar | Director | 14 Jun 2022 | 4 Years 4 Months | Current |
| Manish Laxmichand Roopchandani Also directs: Relay Agro & Wood Particle LLP, Furnimall LLP | Director | 14 Jun 2022 | 4 Years 4 Months | Current |
| Rafik Sumar Pinjara Also directs: Relay Agro & Wood Particle LLP | Director | 14 Jun 2022 | 4 Years 4 Months | Current |
| Jakirhusain Sumar Pinjara Also directs: Relay Agro & Wood Particle LLP | Director | 14 Jun 2022 | 4 Years 4 Months | Current |
Peer comparison
Relay Particle Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Beautex Industries Private Limited | ₹17.49 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Leo Laminates Private Limited | ₹17.38 Cr (FY 2020) | -6.0% | Telangana, India | |||
| Projektelits India Private Limited | ₹17.3 Cr (FY 2021) | -40.0% | Bangalore, Karnataka, India | |||
| Relay Particle Private Limitedthis company | ₹17.29 Cr (FY 2025) | ₹37.73 Lakh | 2.2% | 165.0% | Ahmedabad, Gujarat, India | |
| M B Plywood Industries Pvt Ltd | ₹17.14 Cr (FY 2024) | -16.0% | Kichha, Uttarakhand, India | |||
| Shree Salasar Decoplast Private Limited | ₹17.1 Cr (FY 2025) | 65.0% | Ahmedabad, Gujarat, India | |||
| Somarata Exim Private Limited | ₹17.04 Cr (FY 2023) | -9.0% | Delhi, India |
To see the full peer comparison of Relay Particle Private Limited, buy the company report.
Auditor
Relay Particle Private Limited is audited by AKHIL A THAKKAR & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AKHIL A THAKKAR & CO. | FY 2023 | 118139 |
Shareholding
The shareholding of Relay Particle Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Relay Particle Private Limited, buy the company report.
Charges & borrowings
Open charges
₹17.64 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Nov 2023 | 100824875 | Hdfc Bank Limited | ₹13.5 Lakh | Open | |
| 23 Sep 2022 | 100611845 | State Bank of India | ₹17.5 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Relay Particle Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, kachchh at Bhuj, Gujarat | Criminal complaint | Filed against the company by Government Through S R Oza Factory Inspector and Assi. Director of Ind. Sefty and Health | Pending |
| District court, RAJKOT, Gujarat | Commercial matter | Filed against the company by an individual | Disposed |
To see the full case history of Relay Particle 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 Relay Particle Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Relay Particle Private Limited has 1 active EPFO establishment as of Sep 19, 2024.
Active EPFO establishments
1
GST
Relay Particle has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AALCR9426P1ZL | Gujarat | Active | 13 Jul 2022 |
To see the full GST registrations and return filing status of Relay Particle Private Limited, buy the company report.
Recent activity
Relay Particle Private Limited has 5 board changes on record since 2022: 4 appointments and 1 cessation. The latest: Anandba Vikramsinh Zala ceased to be Director on 08 May 2025.
AGM
Relay Particle Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Anandba Vikramsinh Zala ceased to be Director.
Filing
Relay Particle 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 amounted to Rs. 0.14 Cr with Charge ID 100824875 was registered on 09 Nov 2023.
Charges
A charge with State Bank Of India amounted to Rs. 17.50 Cr with Charge ID 100611845 was registered on 23 Sep 2022.
Appointed
Ashish Dwarkadas Thakkar was appointed as Director.
Appointed
Jakirhusain Sumar Pinjara was appointed as Director.
Appointed
Manish Laxmichand Roopchandani was appointed as Director.
Appointed
Rafik Sumar Pinjara was appointed as Director.
Incorporation
14 Jun 2022
Relay Particle Private Limited was registered on 14 Jun 2022 with Roc Ahmedabad & aged 4 years 4 months as per MCA records.
Frequently asked questions
Relay Particle is an active private limited company based in Ahmedabad, Gujarat, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 14 June 2022 (4+ years old) and is registered under CIN U20299GJ2022PTC132837.
Relay Particle has 4 current directors:
- Ashish Dwarkadas Thakkar - Director
- Manish Laxmichand Roopchandani - Director
- Rafik Sumar Pinjara - Director
- Jakirhusain Sumar Pinjara - Director
The latest financial statements of Relay Particle 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 2023 are in the company report.
The GSTIN of Relay Particle is 24AALCR9426P1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Relay Particle is U20299GJ2022PTC132837. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Relay Particle has 2 court cases on record: 2 filed against it. 1 is pending.
Relay Particle was incorporated on 14 June 2022, making it 4+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Relay Particle by revenue are Beautex Industries Private Limited, Leo Laminates Private Limited, Projektelits India Private Limited, M B Plywood Industries Pvt Ltd, Shree Salasar Decoplast Private Limited and 1 more, all in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Anandba Vikramsinh Zala ceased to be Director on 08 May 2025. Ashish Dwarkadas Thakkar was appointed as Director on 14 Jun 2022. Jakirhusain Sumar Pinjara was appointed as Director on 14 Jun 2022. Relay Particle has 5 board changes on record in total.
Yes, Relay Particle is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0182360).
The registered office of Relay Particle is at 406 4th Floor Kataria Arcade BS Adani School D.A.B School Makarba, Ahmedabad, Gujarat, India – 380051.
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