MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-32-0002895
Spinora Tiles Private Limited - manufacturing in Morbi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹31.8 Cr
▼ 34% YoY
Net profit · FY 2025
₹22.13 Lakh
Net margin 0.7%
EBITDA · FY 2025
₹2.1 Cr
EBITDA margin 6.6%
Authorised capital
₹8.15 Cr
Registered with MCA
Paid-up capital
₹8.15 Cr
Issued & subscribed
Open charges
₹9.95 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
17
Provident fund records
About Spinora Tiles Private Limited
Data last updated:
Spinora Tiles Private Limited is a private limited company based in Morbi, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 12 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26955GJ2016PTC093694. Its GSTIN is 24AAXCS5776M1Z9 (Gujarat).
The company has an authorised share capital of ₹8.15 Cr and a paid-up capital of ₹8.15 Cr. It is led by directors including Bharat Manjibhai Kasundra and Dineshbhai Ravjibhai Adroja.
Its last annual general meeting (AGM) was held on 30 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Reliance Point – 2 Flat – 202 Reliance Nagar Ravapar Road, Morbi, Gujarat, India – 363641.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.8 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net profit of ₹22.13 Lakh (net margin 0.7%) and EBITDA of ₹2.1 Cr (EBITDA margin 6.6%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 9% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spinora Tiles. As per MCA filings, the company has open charges of ₹9.95 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹8.14 Cr; the latest was in June 2020. Its 5 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, 3 larger and 2 smaller; the largest is Sirium Ceramic Private Limited with revenue of ₹32.03 Cr.
Spinora Tiles Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0002895). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spinoratiles.com.
Company details
CIN U26955GJ2016PTC093694
Registration Number 093694
Incorporation Date 12 September 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-32-0002895
Key People
Bharat Manjibhai Kasundra Director Dineshbhai Ravjibhai Adroja Director Praful Bhagwanjibhai Panara Director Recognitions & Rankings of Spinora Tiles
Contact details
Spinora Tiles Private Limited's registered office is in Morbi, Gujarat. Its website is spinoratiles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressReliance Point – 2 Flat – 202 Reliance Nagar Ravapar Road, Morbi, Gujarat, India – 363641
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Spinora Tiles Private Limited, buy the company report.
Comprehensive company report
Spinora Tiles 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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Brands
Spinora Tiles operates one associated brand: SPINORA TILES. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and exports high-quality ceramic tiles worldwide. | spinoratiles.com |
Business activity
The main business activity of Spinora 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 Spinora Tiles Private Limited, buy the company report.
Financials of Spinora Tiles Private Limited
FY 2025 filings availableSpinora Tiles Private Limited reported revenue of ₹31.8 Cr (down 34% YoY) for FY 2025.
Revenue · FY 2025
₹31.8 Cr ▼ 34%
Net profit · FY 2025
₹22.13 Lakh margin 0.7%
EBITDA · FY 2025
₹2.1 Cr margin 6.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 34%
3 years · compounded
▼ 18%
5 years · compounded
▼ 9%
EBITDA CAGR growth
1 year
▼ 19%
3 years · compounded
▼ 16%
5 years · compounded
▼ 16%
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 34% fall in the latest year. EBITDA fell 19% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹2.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹22.13 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.6% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Spinora Tiles Private Limited, buy the company report.
Board of directors of Spinora Tiles Private Limited
Spinora Tiles has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Manjibhai Kasundra | Director | 31 Jan 2017 | 9 Years 8 Months | Current |
| Dineshbhai Ravjibhai Adroja | Director | 12 Sep 2016 | 10 Years 1 Months | Current |
| Praful Bhagwanjibhai Panara Also directs: Latto Tiles LLP, Ecodom Exim LLP | Director | 12 Sep 2016 | 10 Years 1 Months | Current |
| Rajesh Dhanjibhai Patel | Director | 12 Sep 2016 | 10 Years 1 Months | Current |
Peer comparison
Spinora Tiles Private 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 (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 |
|---|---|---|---|---|---|---|
| Sirium Ceramic Private Limited | ₹32.03 Cr (FY 2025) | -11.0% | Morbi, Gujarat, India | |||
| Fame Ceramic Private Limited | ₹32 Cr (FY 2025) | -11.0% | Morbi, Gujarat, India | |||
| Coral Ceramic Private Limited | ₹31.94 Cr (FY 2024) | -21.0% | Distrajkot, Gujarat, India | |||
| Spinora Tiles Private Limitedthis company | ₹31.8 Cr (FY 2025) | ₹22.13 Lakh | 0.7% | -34.0% | 17 | Morbi, Gujarat, India |
| Favourite Plus Ceramic Private Limited | ₹31.64 Cr (FY 2025) | -20.0% | Sartanpar, Gujarat, India | |||
| Axoli Tiles Private Limited | ₹31.62 Cr (FY 2025) | -43.0% | Jasmatgadh, Gujarat, India |
To see the full peer comparison of Spinora Tiles Private Limited, buy the company report.
Auditor
Spinora Tiles Private Limited is audited by K R MEHTA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K R MEHTA & ASSOCIATES | FY 2022 | 143370W |
Shareholding
The shareholding of Spinora Tiles Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Spinora Tiles Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.95 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2017 | 100089656 | Indian Bank | ₹9.95 Cr | Open |
To see the full charge records of Spinora Tiles Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Spinora Tiles Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹8.14 Cr; the latest was in June 2020.
Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹8.14 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2020 | Funding round | ₹13.6 Lakh | Investors: 3 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2016 | Funding round | ₹8 Cr | Investors: 4 individuals |
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Spinora Tiles Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed against the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Court case (WC FATAL LC) | Filed against the company by an individual | Pending |
| District court, RAJKOT, Gujarat | Court case (DST LC) | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (WC MIS LC) | Filed against the company by an individual | Disposed |
To see the full case history of Spinora 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.
Credit ratings & regulatory alerts
Spinora Tiles Private Limited was last rated by Care on 08 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 08 Oct 2021 |
To see the full credit ratings and regulatory alerts of Spinora Tiles Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spinora Tiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spinora Tiles Private Limited has a workforce of 17 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
17
Active EPFO establishments
1
Employee growth
-5.56%
GST
Spinora Tiles has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAXCS5776M1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spinora Tiles Private Limited, buy the company report.
Recent activity
Spinora Tiles Private Limited has 4 board changes on record since 2016: 4 appointments. The latest: Bharat Manjibhai Kasundra was appointed as Director on 31 Jan 2017.
AGM
Spinora Tiles Private Limited last Annual general meeting of members was held on 30 Aug 2025 as per latest MCA records.
Charges
A charge with Indian Bank of Rs. 9.95 Cr registered on 30 Mar 2017 with Charge ID 100089656 was modified on 02 Jul 2025.
Filing
Spinora Tiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Indian Bank amounted to Rs. 9.95 Cr with Charge ID 100089656 was registered on 30 Mar 2017.
Appointed
Bharat Manjibhai Kasundra was appointed as Director.
Appointed
Dineshbhai Ravjibhai Adroja was appointed as Director.
Appointed
Praful Bhagwanjibhai Panara was appointed as Director.
Appointed
Rajesh Dhanjibhai Patel was appointed as Director.
Incorporation
12 Sep 2016
Spinora Tiles Private Limited was registered on 12 Sep 2016 with Roc Ahmedabad & aged 10 years 1 month as per MCA records.
Frequently asked questions
Spinora Tiles is an active private limited company based in Morbi, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 12 September 2016 (10+ years old) and is registered under CIN U26955GJ2016PTC093694.
Spinora Tiles has 4 current directors:
- Bharat Manjibhai Kasundra - Director
- Dineshbhai Ravjibhai Adroja - Director
- Praful Bhagwanjibhai Panara - Director
- Rajesh Dhanjibhai Patel - Director
The latest financial statements of Spinora Tiles on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 August 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Spinora Tiles is 24AAXCS5776M1Z9, registered in Gujarat.
The CIN (Corporate Identification Number) of Spinora Tiles is U26955GJ2016PTC093694. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spinora Tiles has 3 court cases on record: 3 filed against it. 1 is pending.
Spinora Tiles was incorporated on 12 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Spinora Tiles has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹8.14 Cr; the latest was in June 2020.
The peers of Spinora Tiles by revenue are Sirium Ceramic Private Limited, Fame Ceramic Private Limited, Coral Ceramic Private Limited, Favourite Plus Ceramic Private Limited, Axoli Tiles 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).
Bharat Manjibhai Kasundra was appointed as Director on 31 Jan 2017. Dineshbhai Ravjibhai Adroja was appointed as Director on 12 Sep 2016. Praful Bhagwanjibhai Panara was appointed as Director on 12 Sep 2016. Spinora Tiles has 4 board changes on record in total.
Yes, Spinora Tiles is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-32-0002895).