MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0012475
Sheth Insulations Private Limited - metals and minerals in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹64.84 Cr
▼ 4% YoY
Net profit · FY 2024
₹3.21 Cr
Net margin 4.9%
EBITDA · FY 2024
₹4.69 Cr
EBITDA margin 7.2%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Open charges
₹2.26 Cr
Satisfied ₹5 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
44
Provident fund records
About Sheth Insulations Private Limited
Data last updated:
Sheth Insulations Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the construction materials distribution segment of the metals and mining sector. It was incorporated on 23 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2011PTC064149. Its GSTIN is 24AAPCS4328F1ZA (Gujarat).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Kaushikkumar Jayantilal Sheth and Zalak Kaushikkumar Sheth.
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 402/B Phase II G. I. D. C. Vatva, Ahmedabad, Gujarat, India – 382445.
As per the financials filed for FY 2024, the company reported a revenue of ₹64.84 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹3.21 Cr (net margin 4.9%) and EBITDA of ₹4.69 Cr (EBITDA margin 7.2%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 19% over five years.
The company has about 44 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.26 Cr and satisfied charges of ₹5 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹24 Lakh; the latest was in May 2011. Its 3 peer companies in the Metals and Minerals industry (Construction Materials Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 1 smaller; the largest is Shree Tirupatti Distributors Private Limited with revenue of ₹67.24 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 8 overdue payments to 8 micro and small suppliers.
Sheth Insulations Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0012475). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shethinsulations.in.
Company details
CIN U24100GJ2011PTC064149
Registration Number 064149
Incorporation Date 23 February 2011
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 Medium
Udyam Registration UDYAM-GJ-01-0012475
Recognitions & Rankings of Sheth Insulations
Contact details
Sheth Insulations Private Limited's registered office is in Ahmedabad, Gujarat. Its website is shethinsulations.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address402/B Phase II G. I. D. C. Vatva, Ahmedabad, Gujarat, India – 382445
- IndustryMetals and Minerals, Construction Materials Retail & Distribution
To see the full contact details of Sheth Insulations Private Limited, buy the company report.
Comprehensive company report
Sheth Insulations 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 Sheth Insulations is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Sheth Insulations Private Limited, buy the company report.
Financials of Sheth Insulations Private Limited
FY 2025 filings availableSheth Insulations Private Limited reported revenue of ₹64.84 Cr (down 4% YoY) for FY 2024.
Revenue · FY 2024
₹64.84 Cr ▼ 4%
Net profit · FY 2024
₹3.21 Cr margin 4.9%
EBITDA · FY 2024
₹4.69 Cr margin 7.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 27%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 24%
5 years · compounded
▲ 24%
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA rose 7% 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 | |||||
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| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹4.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.21 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.2% | ||||
| Net Profit Margin | 4.9% | ||||
| 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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| Revenue Growth | |||||
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To see the full financial statements and ratios of Sheth Insulations Private Limited, buy the company report.
Board of directors of Sheth Insulations Private Limited
Sheth Insulations has 2 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 |
|---|---|---|---|---|
| Kaushikkumar Jayantilal Sheth | Director | 23 Feb 2011 | 15 Years 8 Months | Current |
| Zalak Kaushikkumar Sheth | Director | 23 Feb 2011 | 15 Years 8 Months | Current |
Peer comparison
Sheth Insulations Private Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Construction Materials Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Tirupatti Distributors Private Limited | ₹67.24 Cr (FY 2024) | 59.0% | Sultanpur, Uttar Pradesh, India | |||
| Sanico (India) Distributors Private Limited | ₹67.01 Cr (FY 2024) | 12.0% | Kolkata, West Bengal, India | |||
| Sheth Insulations Private Limitedthis company | ₹64.84 Cr (FY 2024) | ₹3.21 Cr | 4.9% | -4.0% | 44 | Ahmedabad, Gujarat, India |
| Sumanglam Ispat Private Limited | ₹64.09 Cr (FY 2025) | 15.0% | Bareilly, Uttar Pradesh, India |
To see the full peer comparison of Sheth Insulations Private Limited, buy the company report.
Auditor
Sheth Insulations Private Limited is audited by B. H. MANGAROLIA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. H. MANGAROLIA & CO. | FY 2023 | 105972W |
Shareholding
The shareholding of Sheth Insulations 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 Sheth Insulations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.26 Cr
Satisfied charges
₹5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2020 | 100359127 | Hdfc Bank Limited | ₹2.26 Cr | Open | |
| 16 Nov 2011 | 10321248 | Others | ₹2.5 Cr | Satisfied | |
| 11 Nov 2011 | 10321249 | Others | ₹2.5 Cr | Satisfied |
To see the full charge records of Sheth Insulations Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Sheth Insulations Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹24 Lakh; the latest was in May 2011.
Total deals
1
Funding round
1
Disclosed funding
₹24 Lakh
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2011 | Funding round | ₹24 Lakh | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sheth Insulations Private Limited has 2 court cases on record: 1 filed by Sheth Insulations, 1 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against DTS Airconditioning System LLP - Paramjeet Singh Dadiala - Jignesh Amrutlal | Pending |
| District court, Ahmedabad, Gujarat | Court case (DST LC) | Filed against the company by an individual | Disposed |
To see the full case history of Sheth Insulations 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
Sheth Insulations Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 8 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Banaraswala Wire Mesh Private Limited | |||
| Harshdeep Industries (I) Private Limited | |||
| Armacell India Private Limited | |||
| Thermo Care Rockwool India Private Limited |
To see the full MSME payment records of Sheth Insulations Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sheth Insulations Private Limited has a workforce of 44 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
44
Active EPFO establishments
1
Employee growth
-20%
GST
Sheth Insulations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCS4328F1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sheth Insulations Private Limited, buy the company report.
Recent activity
Sheth Insulations Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Smitaben Kaushikkumar Sheth ceased to be Director on 10 Apr 2019.
AGM
Sheth Insulations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Sheth Insulations 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 of Rs. 226.00 Lakh registered on 27 Jul 2020 with Charge ID 100359127 was modified on 30 May 2022.
Charges
A charge registered on 16 Nov 2011 via Charge ID 10321248 with Others was fully satisfied on 12 Mar 2021.
Charges
A charge registered on 11 Nov 2011 via Charge ID 10321249 with Others was fully satisfied on 12 Mar 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 226.00 Lakh with Charge ID 100359127 was registered on 27 Jul 2020.
Ceased
Smitaben Kaushikkumar Sheth ceased to be Director.
Charges
A charge with Others of Rs. 250.00 Lakh registered on 16 Nov 2011 with Charge ID 10321248 was modified on 04 Aug 2017.
Charges
A charge with Others of Rs. 250.00 Lakh registered on 11 Nov 2011 with Charge ID 10321249 was modified on 03 Aug 2017.
Charges
A charge with Others amounted to Rs. 250.00 Lakh with Charge ID 10321248 was registered on 16 Nov 2011.
Charges
A charge with Others amounted to Rs. 250.00 Lakh with Charge ID 10321249 was registered on 11 Nov 2011.
Appointed
Kaushikkumar Jayantilal Sheth was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Sheth Insulations is an active private limited company based in Ahmedabad, Gujarat, India. The company works in construction materials retail and distribution, within the metals and minerals industry. It was incorporated on 23 February 2011 (15+ years old) and is registered under CIN U24100GJ2011PTC064149.
Sheth Insulations has 2 current directors:
- Kaushikkumar Jayantilal Sheth - Director
- Zalak Kaushikkumar Sheth - Director
The latest financial statements of Sheth Insulations 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.
The GSTIN of Sheth Insulations is 24AAPCS4328F1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Sheth Insulations is U24100GJ2011PTC064149. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sheth Insulations has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending.
Sheth Insulations was incorporated on 23 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sheth Insulations has 1 deal on record (1 funding round), with disclosed funding of ₹24 Lakh; the latest was in May 2011.
The peers of Sheth Insulations by revenue are Shree Tirupatti Distributors Private Limited, Sanico (India) Distributors Private Limited, Sumanglam Ispat Private Limited, all in the Metals and Minerals industry (Construction Materials Retail and Distribution), with the same principal business activity (wholesale trading).
Smitaben Kaushikkumar Sheth ceased to be Director on 10 Apr 2019. Kaushikkumar Jayantilal Sheth was appointed as Director on 23 Feb 2011. Zalak Kaushikkumar Sheth was appointed as Director on 23 Feb 2011.
Yes, Sheth Insulations is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0012475).
Sheth Insulations has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 8 overdue payments to 8 micro and small suppliers. The latest return was filed on 27 May 2019.