Stovec Industries Limited - Company Profile

Q: Who are the current directors of Stovec Industries Limited?

The current directors of Stovec Industries Limited are Shailesh Chandrakrishna Wani, Bhanubhai Ramjibhai Patel, Garrett Forde, Sanjeev Singh Sengar, Kiran Dhingra, Abhay Rohit Jadeja, Gaurav Amrutiya.

It is a machinery and equipment public limited company based in Ahmedabad, Gujarat, India, established in 1973.

1973 Ahmedabad, Gujarat, India Active

Last Updated: February 18, 2026

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About Stovec Industries Limited

Stovec Industries Limited, a active public limited company, was established on 05 June 1973 in Ahmedabad, Gujarat, India. Engaging in process machinery & industrial equipment within the manufacturing sector, it holds CIN: L45200GJ1973PLC050790. Registered under ROC Roc Ahmedabad. it is listed on BSE: 504959. It has an authorized capital of ₹3.00 Cr and a paid-up capital of ₹2.09 Cr.

It upholds a compliant status. In 2023, it reported revenue of ₹211.69 Cr and a net worth of ₹140.07 Cr. Employing 245 professional, Its leadership includes Shailesh Chandrakrishna Wani (Managing Director), Bhanubhai Ramjibhai Patel (Director), Garrett Forde (Director). Past directors included Shailesh Chandrakrishna Wani, Atul Krishnalal Bhagwati, Prakash Krishnalal Bhagwati. It holds ₹3.16 Cr open charges and ₹79.48 Cr settled loans. Its latest AGM occurred on 05 May 2025, with the balance sheet filed on 31 December 2024. It is based at N.I.D.C. Near Lambha Village, Post: Narol, Ahmedabad, Gujarat, 382405.

Company Details

CIN/LLPIN
L45200GJ1973PLC050790
Registration Number
050790
Incorporation Date
05 June 1973
Authorized Capital
₹3.00 Cr
Paid-Up Capital
₹2.09 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 504959)
Company Status
Active

Key Metrics

Authorised Capital ₹ 3.00 Cr as on 18-02-2026
Paid Up Capital ₹ 2.09 Cr as on 18-02-2026
Company Age 52 Year, 8 Months
Last Filing with ROC 31 Dec 2024
Open Charges ₹ 3.16 Cr as on 18-02-2026
Satisfied Charges ₹ 79.48 Cr as on 18-02-2026
Revenue Growth **** -11.97% (FY 2023)
Profit Growth **** -63.51% (FY 2023)
Ebitda **** -48.52% (FY 2023)
Net Worth -19.37% (FY 2023)
Total Assets -12.15% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Stovec Industries Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Stovec Industries Limited?

Current Directors

Name	Designation	Appointment Date	Status
Shailesh Chandrakrishna Wani	Managing Director	01 Oct 2013	Current
Bhanubhai Ramjibhai Patel	Director	05 May 2025	Current
Garrett Forde	Director	26 Feb 2021	Current
Kiran Dhingra	Director	01 Apr 2020	Current
Abhay Rohit Jadeja	Director	05 May 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	01 Oct 2013	Past
Pramod Abcsdd	Director	22 Jan 2007	Past
Pramod Abcsdd	Director	04 Jul 2008	Past
Pramod Abcsdd	Director	06 May 2025	Past
Pramod Abcsdd	Director	06 May 2025	Past
Pramod Abcsdd	Company Secretary	23 Apr 2009	Past

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Financial Performance of Stovec Industries.

Stovec Industries Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 11.97% decrease. The company also saw a substantial fall in profitability, with a 63.51% decrease in profit. The company's net worth observed a substantial decline by a decrease of 19.37%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-11.97%

*******

Revenue from Operations

*******

-12.12%

*******

Total Assets

*******

-12.15%

*******

Profit or Loss

*******

-63.51%

*******

Net Worth

*******

-19.37%

*******

EBITDA

*******

-48.52%

*******

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What is the Ownership and Shareholding Structure of Stovec Industries?

In 2023, Stovec Industries had a promoter holding of 71.06% and a public holding of 28.94%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹31,576,097.00

Satisfied Charges

₹794,779,576.00

Charges Breakdown by Lending Institutions

Giic Ltd : 1.00 Cr
Icici Ltd : 0.93 Cr
Bank Of Mahrashtra : 0.50 Cr
The Icici Ltd : 0.27 Cr
Icici : 0.27 Cr
Others : 0.19 Cr

Latest Charge Details

Date	Lender	Amount	Status
09 May 1995	Giic Ltd	₹5.00 M	Open
28 Jun 1991	Bank Of Mahrashtra	₹4.99 M	Open
30 May 1990	Ifci	₹1.90 M	Open
02 May 1990	The Icici Ltd	₹0.21 M	Open
27 Sep 1987	Icici Ltd	₹2.50 M	Open

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How Many Employees Work at Stovec Industries?

Stovec Industries has a workforce of 245 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Stovec Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Stovec Industries's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Stovec Industries

Recent Activity within the Organization

Director Appointment

Progress on Gaurav Amrutiya was appointed as a Cfo was appointed as a Cfo on 03 Dec 2025 & has been associated with this company since 2 months 21 days . was documented.
03 Dec 2025
Annual General Meeting

Progress on Stovec Industries Limited last Annual general meeting of members was held on 05 May 2025 as per latest MCA records. was documented.
05 May 2025
Director Appointment

Bhanubhai Ramjibhai Patel was appointed as a Director was appointed as a Director on 05 May 2025 & has been associated with this company since 9 months 19 days . was recorded as a recent event.
05 May 2025
Director Appointment

Abhay Rohit Jadeja was appointed as a Director was appointed as a Director on 05 May 2025 & has been associated with this company since 9 months 19 days . was recorded as a recent event.
05 May 2025
Balance Sheet

Progress on Stovec Industries Limited has filed its annual Financial statements for the year ended 31 Dec 2024 with Roc Ahmedabad. was documented.
31 Dec 2024
Director Appointment

Garrett Forde was appointed as a Director was appointed as a Director on 26 Feb 2021 & has been associated with this company since 4 years 11 months . was recorded as a recent event.
26 Feb 2021

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