Speedwell Abrasive Private Limited

Speedwell Abrasive Private Limited - machinery and equipment in Rajkot, Gujarat, India. FY 2026 financials & compliance.
CIN U29224GJ2004PTC044146 Incorporated 20 May 2004 ROC Ahmedabad HQ Rajkot, Gujarat, India
Active Private Limited Company machinery and equipment MSME · Medium
Data last updated
Revenue · FY 2024
₹63.6 Cr
▲ 14% YoY
Net profit · FY 2024
₹85.23 Lakh
Net margin 1.3%
EBITDA · FY 2024
₹3.4 Cr
EBITDA margin 5.3%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹17.03 Cr
Satisfied ₹2.1 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
40
Provident fund records

About Speedwell Abrasive Private Limited

Data last updated:

Speedwell Abrasive Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 20 May 2004 and has been in existence for over 22 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29224GJ2004PTC044146. Its GSTIN is 24AAICS1387D1ZG (Gujarat).

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Dilipkumar Parbatbhai Dharsandia (Managing Director) and Ankur Chandulal Dharsadiya.

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 Plot No. 11 Kuvadva G.I.D.C. Nr. Om Ploting At: Kuvadva, Rajkot, Gujarat, India – 360023.

As per the financials filed for FY 2024, the company reported a revenue of ₹63.6 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹85.23 Lakh (net margin 1.3%) and EBITDA of ₹3.4 Cr (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 2% over five years.

The company has about 40 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹17.03 Cr and satisfied charges of ₹2.1 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.

Speedwell Abrasive Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0012781). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website speedwellabrasive.com.

Company details

CIN U29224GJ2004PTC044146
Registration Number 044146
Incorporation Date 20 May 2004
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-20-0012781
Key People
Dilipkumar Parbatbhai Dharsandia Managing Director Ankur Chandulal Dharsadiya Director Meet Dilipbhai Dharsandia Director

Recognitions & Rankings of Speedwell Abrasive

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-20-0012781

Contact details

Speedwell Abrasive Private Limited's registered office is in Rajkot, Gujarat. Its website is speedwellabrasive.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    speedwellabrasive.com
  • Social Media
  • Registered Address
    Plot No. 11 Kuvadva G.I.D.C. Nr. Om Ploting At: Kuvadva, Rajkot, Gujarat, India – 360023
  • Industry
    Machinery and Equipment, Industrial Tools & Components

To see the full contact details of Speedwell Abrasive Private Limited, buy the company report.

Comprehensive company report
Speedwell Abrasive 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

The main business activity of Speedwell Abrasive is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Speedwell Abrasive Private Limited, buy the company report.

Financials of Speedwell Abrasive Private Limited

FY 2025 filings available

Speedwell Abrasive Private Limited reported revenue of ₹63.6 Cr (up 14% YoY) for FY 2024.

Revenue · FY 2024
₹63.6 Cr ▲ 14%
Net profit · FY 2024
₹85.23 Lakh margin 1.3%
EBITDA · FY 2024
₹3.4 Cr margin 5.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 6%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 6%
5 years · compounded
▲ 3%

Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 14% growth in the latest year. EBITDA rose 3% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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₹3.4 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹85.23 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin5.3%
Net Profit Margin1.3%
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 Speedwell Abrasive Private Limited, buy the company report.

Board of directors of Speedwell Abrasive Private Limited

Speedwell Abrasive has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Dilipkumar Parbatbhai Dharsandia
Also directs: Steelwell Private Limited, Primesteel Manufacture Private Limited, HDL Global (India) Private Limited
Managing Director20 May 200422 Years 5 MonthsCurrent
Ankur Chandulal DharsadiyaDirector19 May 201016 Years 5 MonthsCurrent
Meet Dilipbhai Dharsandia
Also directs: Steelwell Private Limited, Primesteel Manufacture Private Limited, HDL Global (India) Private Limited
Director15 Jun 20197 Years 4 MonthsCurrent
View all directors

Auditor

Speedwell Abrasive Private Limited is audited by M. D. SAMANI & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
M. D. SAMANI & CO.FY 2023133694

Shareholding

The shareholding of Speedwell Abrasive 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Speedwell Abrasive Private Limited, buy the company report.

Charges & borrowings

Open charges
₹17.03 Cr
Satisfied charges
₹2.1 Cr
Breakdown by lending institutions
Axis Bank Limited₹16.38 Cr
Hdfc Bank Limited₹0.65 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 May 2025101099963Hdfc Bank Limited₹50.66 LakhOpen
17 Apr 2025101079705Hdfc Bank Limited₹13.87 LakhOpen
26 May 201510571287Axis Bank Limited₹16.38 CrOpen
20 Mar 201010208821Bank of Baroda₹2 CrSatisfied
14 Oct 200480057706Dena Bank₹10 LakhSatisfied

To see the full charge records of Speedwell Abrasive Private Limited, buy the company report.

Total charge records: 5 View all charges

MSME payment delays

Speedwell Abrasive Private Limited has 3 MSME Form 1 returns on record between 2019 and 2022, listing 29 overdue payments to 18 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 18)

SupplierAmount dueDue sinceReported on
Minex Metallurgical Company Limited
an individual supplier
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Speedwell Abrasive Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Speedwell Abrasive Private Limited has a workforce of 40 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
40
Active EPFO establishments
1
Employee growth
-6.98%

GST

Speedwell Abrasive has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAICS1387D1ZGGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Speedwell Abrasive Private Limited, buy the company report.

Recent activity

Speedwell Abrasive Private Limited has 7 board changes on record since 2004: 3 appointments and 4 cessations. The latest: Meet Dilipbhai Dharsandia ceased to be Additional Director on 31 Dec 2020.

AGM
Speedwell Abrasive Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 16.38 Cr registered on 26 May 2015 with Charge ID 10571287 was modified on 04 Jun 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.51 Cr with Charge ID 101099963 was registered on 28 May 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.14 Cr with Charge ID 101079705 was registered on 17 Apr 2025.
Filing
Speedwell Abrasive Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Meet Dilipbhai Dharsandia ceased to be Additional Director.
Appointed
Meet Dilipbhai Dharsandia was appointed as Director.
Ceased
Navinchandra Raiyani ceased to be Director.
Charges
A charge registered on 20 Mar 2010 via Charge ID 10208821 with Bank Of Baroda was fully satisfied on 15 Jun 2015.
Charges
A charge with Axis Bank Limited amounted to Rs. 16.38 Cr with Charge ID 10571287 was registered on 26 May 2015.
Charges
A charge with Bank Of Baroda of Rs. 2.00 Cr registered on 20 Mar 2010 with Charge ID 10208821 was modified on 29 Nov 2014.
Ceased
Vallabhbhai Parbatbhai Dharsandiya ceased to be Director.

7 earlier events are in the company report.

Frequently asked questions

Speedwell Abrasive is an active private limited company based in Rajkot, Gujarat, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 20 May 2004 (22+ years old) and is registered under CIN U29224GJ2004PTC044146.

Speedwell Abrasive has 3 current directors:

The latest financial statements of Speedwell Abrasive 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 Speedwell Abrasive is 24AAICS1387D1ZG, registered in Gujarat.

The CIN (Corporate Identification Number) of Speedwell Abrasive is U29224GJ2004PTC044146. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Speedwell Abrasive has 3 court cases on record: 3 filed against it. Most are in the high courts.

Speedwell Abrasive was incorporated on 20 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Meet Dilipbhai Dharsandia ceased to be Additional Director on 31 Dec 2020. Meet Dilipbhai Dharsandia was appointed as Director on 15 Jun 2019. Navinchandra Raiyani ceased to be Director on 15 Jun 2019. Speedwell Abrasive has 7 board changes on record in total.

Yes, Speedwell Abrasive is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-20-0012781).

Speedwell Abrasive has 3 MSME Form 1 returns on record between 2019 and 2022, listing 29 overdue payments to 18 micro and small suppliers. The latest return was filed on 05 May 2022.

Speedwell Abrasive can be reached through the website speedwellabrasive.com. Its registered office is in Rajkot, Gujarat, India.