About Shell & Pearl Porcellano Limited
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Shell & Pearl Porcellano Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 22 March 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26919GJ2000PLC037610. The company has 8 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹47 Cr. It was formerly known as Shell and Pearl Ceramics Limited. It is led by directors including Rakesh Vijaykumar Maheshwari (Managing Director) and Mahendra Singh Chouhan (Whole-Time Director).
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 207 Sarthik – II Opp. Rajpath Club S.G.Highway, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.1 Cr, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹68.22 Cr and EBITDA of -₹68.22 Cr. Revenue has grown at a compounded annual rate (CAGR) of 293% over three years.
As per MCA filings, the company has open charges of ₹437.32 Cr and satisfied charges of ₹20 Cr on record. Court records list 122 cases involving the company, including 115 filed by the company and 7 filed against it; 5 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in March 2008. Its 5 peer companies in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 1 smaller; the largest is Shree Charbhuja Tiles Private Limited with revenue of ₹2.12 Cr.
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 shellnpearl.com.
Company details
Contact details
Shell & Pearl Porcellano Limited's registered office is in Ahmedabad, Gujarat. Its website is shellnpearl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address207 Sarthik – II Opp. Rajpath Club S.G.Highway, Ahmedabad, Gujarat, India – 380054
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Shell & Pearl Porcellano 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
Financials of Shell & Pearl Porcellano Limited
FY 2025 filings availableShell & Pearl Porcellano Limited reported revenue of ₹2.1 Cr (down 97% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 97% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 293%. EBITDA fell 212% 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 |
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| EBITDA | -₹68.22 Cr | ||||
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| Net Profit (PAT) | -₹68.22 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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To see the full financial statements and ratios of Shell & Pearl Porcellano Limited, buy the company report.
Board of directors of Shell & Pearl Porcellano Limited
Shell & Pearl Porcellano has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Singh Chouhan | Whole-Time Director | 15 Jul 2014 | 12 Years 3 Months | Current |
| Rakesh Vijaykumar Maheshwari | Managing Director | 25 Aug 2020 | 6 Years 1 Months | Current |
| Navneet Manoharlal Kothari Also directs: Polymer Resources LLP, Satva Merchandize Private Limited | Additional Director | 30 Sep 2018 | 8 Years 0 Months | Current |
Peer comparison
Shell & Pearl Porcellano Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Charbhuja Tiles Private Limited | ₹2.12 Cr (FY 2023) | -31.0% | Chittorgarh, Rajasthan, India | |||
| Patel Natural Marbles Private Limited | ₹2.11 Cr (FY 2024) | -15.0% | Udaipur, Rajasthan, India | |||
| Tirupati Marmo Private Limited | ₹2.11 Cr (FY 2025) | -23.0% | Rajsamand, Rajasthan, India | |||
| Nova-Tech Refractories Private Limited | ₹2.11 Cr (FY 2025) | -73.0% | Makansar, Gujarat, India | |||
| Shell & Pearl Porcellano Limitedthis company | ₹2.1 Cr (FY 2024) | -₹68.22 Cr | -97.0% | Ahmedabad, Gujarat, India | ||
| Sargam Granite and Marmo Marbles Pvt Ltd | ₹2.08 Cr (FY 2025) | -19.0% | Morchana, Rajsamand, Rajasthan, India |
To see the full peer comparison of Shell & Pearl Porcellano Limited, buy the company report.
Auditor
Shell & Pearl Porcellano Limited is audited by Amit Uttamchandani & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Amit Uttamchandani & Associates | FY 2022 | 145211W |
Shareholding
The shareholding of Shell & Pearl Porcellano Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2018 | FY 2017 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Shell & Pearl Porcellano Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jan 2010 | 10195999 | Others | ₹216.11 Cr | Open | |
| 26 Feb 2009 | 10148920 | Others | ₹216.11 Cr | Open | |
| 16 Jan 2007 | 10036268 | Others | ₹5.1 Cr | Open | |
| 30 Dec 2011 | 10331589 | Dena Bank | ₹3.5 Cr | Satisfied | |
| 22 Oct 2010 | 10247322 | Bank of India | ₹11.5 Cr | Satisfied |
To see the full charge records of Shell & Pearl Porcellano Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Shell & Pearl Porcellano Limited has 1 deal on record (1 acquisition); the latest was in March 2008.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2008 | Acquisition | Undisclosed | Buyer: Dharam Pal Prem Chand Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shell & Pearl Porcellano Limited has 122 court cases on record: 115 filed by Shell & Pearl Porcellano, 7 filed against it. 5 cases are pending and 117 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 120 | 6 | 5 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 122)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CMA SC) | Filed against the company by Raj Process Equipments and Systems Pvt. Ltd. | Pending |
| High Court, GUJARAT | Court case (COMP) | Filed against the company by Rachna Air Components Pvt. Ltd and 4 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (EXE S) | Filed against the company by Raj Process Equipments and Systems Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against Alfa Marble and Tiles Co.Pvt.Ltd. and 2 others | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Raj Process Equipments and Systems Pvt. Ltd. | Disposed |
To see the full case history of Shell & Pearl Porcellano 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
Shell & Pearl Porcellano Limited was last rated by Crisil on 18 May 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 May 2016 |
To see the full credit ratings and regulatory alerts of Shell & Pearl Porcellano Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shell & Pearl Porcellano Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shell & Pearl Porcellano has 8 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Shell & Pearl Porcellano Limited, buy the company report.
Recent activity
Shell & Pearl Porcellano Limited has 15 board changes on record since 2009: 4 appointments and 11 cessations. The latest: Rakesh Vijaykumar Maheshwari was appointed as Managing Director on 25 Aug 2020.
20 earlier events are in the company report.
Frequently asked questions
Shell & Pearl Porcellano is an active public limited company based in Ahmedabad, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 22 March 2000 (26+ years old) and is registered under CIN U26919GJ2000PLC037610.
Shell & Pearl Porcellano has 3 current directors:
- Rakesh Vijaykumar Maheshwari - Managing Director
- Mahendra Singh Chouhan - Whole-Time Director
- Navneet Manoharlal Kothari - Additional Director
The latest financial statements of Shell & Pearl Porcellano 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 2015 are in the company report.
No. Shell & Pearl Porcellano has 8 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Shell & Pearl Porcellano is U26919GJ2000PLC037610. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shell & Pearl Porcellano has 122 court cases on record: 115 filed by the company and 7 filed against it. 5 are pending. Most are in the district courts.
Shell & Pearl Porcellano was incorporated on 22 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Shell & Pearl Porcellano has 1 deal on record (1 acquisition); the latest was in March 2008.
The peers of Shell & Pearl Porcellano by revenue are Shree Charbhuja Tiles Private Limited, Patel Natural Marbles Private Limited, Tirupati Marmo Private Limited, Nova-Tech Refractories Private Limited, Sargam Granite and Marmo Marbles Pvt Ltd, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Rakesh Vijaykumar Maheshwari was appointed as Managing Director on 25 Aug 2020. Prafulla Gattani ceased to be Managing Director on 01 Oct 2018. Navneet Manoharlal Kothari was appointed as Additional Director on 30 Sep 2018. Shell & Pearl Porcellano has 15 board changes on record in total.
Shell & Pearl Porcellano can be reached through the website shellnpearl.com. Its registered office is in Ahmedabad, Gujarat, India.