Rexsona Tiles Private Limited
About Rexsona Tiles Private Limited
Data last updated:
Rexsona Tiles Private Limited is a private limited company based in Morbi, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 31 January 2014.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26960GJ2014PTC078547. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.5 Cr. It is led by directors including Dhirajlal Naranbhai Patel (Managing Director) and Vinod Tarachand Agrawal (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at City Mall Office No.2020 2nd Floor, Near Bhaktinagar Circle Morbi – Rajkot Road, Gujarat, India – 363641.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.97 Cr, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹4.97 Cr (net margin -252%) and EBITDA of -₹4.9 Cr (EBITDA margin -248.8%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years and 48% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹37.6 Cr on record. Court records list 44 cases involving the company, including 41 filed by the company and 3 filed against it; 8 cases are pending. The company has 10 deals on record (9 secondary share transfers, 1 rights issue); the latest was in October 2022. Its 3 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 1 smaller; the largest is Shri Siddhi Marmo Grani Private Limited with revenue of ₹1.99 Cr.
Company details
Contact details
Rexsona Tiles Private Limited's registered office is in Morbi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressCity Mall Office No.2020 2nd Floor, Near Bhaktinagar Circle Morbi – Rajkot Road, Gujarat, India – 363641
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Rexsona 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 Rexsona 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 Rexsona Tiles Private Limited, buy the company report.
Financials of Rexsona Tiles Private Limited
FY 2024 filings availableRexsona Tiles Private Limited reported revenue of ₹1.97 Cr (down 87% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 48% over five years, including a 87% fall in the latest year. EBITDA rose 60% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹4.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.97 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -248.8% | ||||
| Net Profit Margin | -252% | ||||
| 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 Rexsona Tiles Private Limited, buy the company report.
Board of directors of Rexsona Tiles Private Limited
Rexsona Tiles has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhirajlal Naranbhai Patel Also directs: New Pearl Vitrified Private Limited | Managing Director | 31 Jan 2014 | 12 Years 9 Months | As last reported |
| Vinod Tarachand Agrawal | Irp/Rp/Liquidator | 13 Feb 2025 | 1 Years 8 Months | As last reported |
| Ramniklal Naranbhai Patel Also directs: New Pearl Vitrified Private Limited | Director | 17 Dec 2016 | 9 Years 10 Months | As last reported |
Peer comparison
Rexsona Tiles Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Shri Siddhi Marmo Grani Private Limited | ₹1.99 Cr (FY 2025) | 1.0% | Rajsamand, Rajasthan, India | |||
| Shakti Min-Chem Private Limited | ₹1.98 Cr (FY 2018) | Rajsamand, Rajasthan, India | ||||
| Rexsona Tiles Private Limitedthis company | ₹1.97 Cr (FY 2024) | -₹4.97 Cr | -252% | -87.0% | Morbi, Gujarat, India | |
| Shri Keshariyaji Marble and Granites Private Limited | ₹1.97 Cr (FY 2025) | -35.0% | Rajasthan, India |
To see the full peer comparison of Rexsona Tiles Private Limited, buy the company report.
Auditor
Rexsona Tiles Private Limited is audited by FINAVA & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| FINAVA & COMPANY | FY 2023 | 128195W |
Shareholding
The shareholding of Rexsona Tiles 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 Rexsona Tiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2022 | 100560246 | Others | ₹5.27 Cr | Satisfied | |
| 24 Sep 2014 | 10522388 | Others | ₹32.33 Cr | Satisfied |
To see the full charge records of Rexsona Tiles Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Rexsona Tiles Private Limited has 10 deals on record (9 secondary share transfers, 1 rights issue); the latest was in October 2022.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Rexsona Tiles Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rexsona Tiles Private Limited has 44 court cases on record: 41 filed by Rexsona Tiles, 3 filed against it. 8 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 41 | 2 | 7 |
| NCLT | 2 | 0 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MORBI, Gujarat | Commercial matter | Filed against the company by Heng Xing Mould Pvt. Ltd. Hareshbhai Gordhanbhai Desai | Pending |
| NCLT, New Delhi Bench Court-III | Insolvency matter | Filed by the company against Waaman Products Pvt. Ltd | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Ghorecha Exim Pvt. Ltd | Disposed |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against individuals | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Rexsona 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 Rexsona Tiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rexsona 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 Rexsona Tiles Private Limited, buy the company report.
Recent activity
Rexsona Tiles Private Limited has 9 board changes on record since 2014: 3 appointments and 6 cessations. The latest: Iqbalsingh Gandhi ceased to be Irp/Rp/Liquidator on 13 Feb 2025.
5 earlier events are in the company report.
Frequently asked questions
Rexsona Tiles is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Rexsona Tiles is a company under insolvency, formerly operating as a private limited company based in Morbi, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 31 January 2014 and is registered under CIN U26960GJ2014PTC078547. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rexsona Tiles has 3 current directors:
- Dhirajlal Naranbhai Patel - Managing Director
- Ramniklal Naranbhai Patel - Director
- Vinod Tarachand Agrawal - Irp/Rp/Liquidator
The latest financial statements of Rexsona Tiles on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rexsona Tiles is U26960GJ2014PTC078547. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rexsona Tiles has no open charges and satisfied charges of ₹37.6 Cr as per latest MCA filings.
Rexsona Tiles has 44 court cases on record: 41 filed by the company and 3 filed against it. 8 are pending. Most are in the district courts.
Rexsona Tiles was incorporated on 31 January 2014. It is registered with the Registrar of Companies, Ahmedabad.
Rexsona Tiles has 10 deals on record (9 secondary share transfers, 1 rights issue); the latest was in October 2022.
The peers of Rexsona Tiles by revenue are Shri Siddhi Marmo Grani Private Limited, Shakti Min-Chem Private Limited, Shri Keshariyaji Marble and Granites Private 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).
Iqbalsingh Gandhi ceased to be Irp/Rp/Liquidator on 13 Feb 2025. Vinod Tarachand Agrawal was appointed as Irp/Rp/Liquidator on 13 Feb 2025. Vijay Naranbhai Kasundra ceased to be Director on 26 Jul 2023. Rexsona Tiles has 9 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
