About Torrecid India Private Limited
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Torrecid India Private Limited is a foreign private limited company based in Vadodara, Gujarat, India, a subsidiary of Torrecid Sa. It operates in the ceramics segment of the manufacturing sector. It was incorporated on 21 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26915GJ2010FTC104703. Its GSTIN is 24AADCT4321M1ZD (Gujarat). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹47.5 Cr and a paid-up capital of ₹29.98 Cr. It is led by directors including Dhananjay Singh (Managing Director) and Joao Antonio Costa.
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 29 30 31 GIDC Manjusar Savli, Vadodara, Gujarat, India – 391775.
As per the financials filed for FY 2025, the company reported a revenue of ₹482.57 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹84.78 Cr (net margin -17.6%) and EBITDA of -₹109.53 Cr (EBITDA margin -22.7%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 11% over five years.
The company has about 146 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Torrecid. As per MCA filings, the company has open charges of ₹192.62 Cr and satisfied charges of ₹13.27 Cr on record. Court records list 67 cases involving the company, including 64 filed by the company and 3 filed against it; 13 cases are pending. The company has 7 deals on record (4 funding rounds, 3 rights issues), with disclosed funding of ₹53.07 Cr; the latest was in March 2020. The company has 6 MSME Form 1 returns on record between 2019 and 2024, listing 112 overdue payments to 15 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website torrecid.com.
Company details
CIN history
Torrecid India has one previous CIN (Corporate Identification Number): U26915MH2010FTC202251. The current CIN is U26915GJ2010FTC104703, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26915GJ2010FTC104703 | Current |
| U26915MH2010FTC202251 | Previous |
Contact details
Torrecid India Private Limited's registered office is in Vadodara, Gujarat. Its website is torrecid.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address29 30 31 GIDC Manjusar Savli, Vadodara, Gujarat, India – 391775
- IndustryManufacturing, Ceramics, Sanitaryware & Tile
To see the full contact details of Torrecid India Private 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
Brands
Torrecid India operates one associated brand: Torrecid. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sanitary ware and coatings are provided by Torrecid in Spain. | torrecid.com |
Business activity
The main business activity of Torrecid India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Torrecid India Private Limited, buy the company report.
Financials of Torrecid India Private Limited
FY 2025 filings availableTorrecid India Private Limited reported revenue of ₹482.57 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 389% 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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| EBITDA | -₹109.53 Cr | ||||
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| Net Profit (PAT) | -₹84.78 Cr | ||||
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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 | -22.7% | ||||
| Net Profit Margin | -17.6% | ||||
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To see the full financial statements and ratios of Torrecid India Private Limited, buy the company report.
Board of directors of Torrecid India Private Limited
Torrecid India has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhananjay Singh | Managing Director | 19 Sep 2022 | 4 Years 1 Months | Current |
| Joao Antonio Costa | Director | 21 Apr 2010 | 16 Years 6 Months | Current |
| Tomas Ruben Mateu Ballester | Director | 08 Jan 2025 | 1 Years 9 Months | Current |
Auditor
Torrecid India Private Limited is audited by Delloite Haskins & Sells Chartered Accountants LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Delloite Haskins & Sells Chartered Accountants LLP | FY 2024 | 117364W/ W100739 |
Shareholding
The shareholding of Torrecid India Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Torrecid India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jul 2023 | 100748055 | The Hongkong and Shanghai Banking Corporation Limited | ₹29 Cr | Open | |
| 15 Feb 2023 | 100685298 | Others | ₹47 Cr | Open | |
| 14 Feb 2023 | 100685152 | Hdfc Bank Limited | ₹47.79 Lakh | Open | |
| 08 Jun 2022 | 100587418 | The Hongkong and Shanghai Banking Corporation Limited | ₹5.5 Cr | Open | |
| 23 Feb 2022 | 100548993 | Hdfc Bank Limited | ₹14.13 Cr | Open |
To see the full charge records of Torrecid India Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Torrecid India Private Limited has 7 deals on record (4 funding rounds, 3 rights issues), with disclosed funding of ₹53.07 Cr; the latest was in March 2020.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Rights issue | ₹12 Cr | Investors: Torrecid SA, an individual |
| Nov 2018 | Rights issue | ₹17 Cr | Investors: Torrecid SA, an individual |
| Apr 2018 | Rights issue | ₹15.99 Cr | Investors: Torrecid SA, an individual |
| Aug 2013 | Funding round | ₹34.3 Cr | Investors: Torrecid SA, an individual |
| Nov 2012 | Funding round | ₹13.88 Cr | Investors: Torrecid SA, an individual |
To see the full deal history of Torrecid India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Torrecid India Private Limited has 67 court cases on record: 64 filed by Torrecid India, 3 filed against it. 13 cases are pending and 54 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 54 | 2 | 12 |
| High courts | 6 | 1 | 0 |
| NCLAT | 5 | 0 | 0 |
| NCLT | 2 | 0 | 1 |
Cases on record (5 of 67)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against Real Ceramic Private Ltd | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against Real Granito Private Ltd. | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against Real Granito Private Limited and 4 others | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against Real Ceramic Private Limited and 3 others | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against Supergres Ceramic LLP and 3 others | Pending |
To see the full case history of Torrecid India 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
Torrecid India Private Limited has 6 MSME Form 1 returns on record between 2019 and 2024, listing 112 overdue payments to 15 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 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Micro Quartz | |||
| Corpack Solutions Private Limited | |||
| Gibraltar Glass and Ceramics Private Limited |
To see the full MSME payment records of Torrecid India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Torrecid India Private Limited has a workforce of 146 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.
GST
Torrecid India has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCT4321M1ZD | Gujarat | Active | 01 Jul 2017 |
| 24AADCT4321M2ZC | Gujarat | Active | 20 Mar 2025 |
| 37AADCT4321M1Z6 | Andhra Pradesh | Active | 09 Nov 2019 |
To see the full GST registrations and return filing status of Torrecid India Private Limited, buy the company report.
Recent activity
Torrecid India Private Limited has 11 board changes on record since 2010: 5 appointments and 6 cessations. The latest: Federico Michavila ceased to be Director on 08 Jan 2025.
32 earlier events are in the company report.
Frequently asked questions
Torrecid India is an active foreign private limited company based in Vadodara, Gujarat, India. The company works in ceramics, within the manufacturing industry. It was incorporated on 21 April 2010 (16+ years old) and is registered under CIN U26915GJ2010FTC104703.
Torrecid India has 3 current directors:
- Dhananjay Singh - Managing Director
- Joao Antonio Costa - Director
- Tomas Ruben Mateu Ballester - Director
The latest financial statements of Torrecid India 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 Torrecid India is 24AADCT4321M1ZD, registered in Gujarat. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 24AADCT4321M2ZC (Gujarat), 37AADCT4321M1Z6 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Torrecid India is U26915GJ2010FTC104703. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Torrecid India has 67 court cases on record: 64 filed by the company and 3 filed against it. 13 are pending. Most are in the district courts.
Torrecid India was incorporated on 21 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Torrecid India has 7 deals on record (4 funding rounds, 3 rights issues), with disclosed funding of ₹53.07 Cr; the latest was in March 2020.
Federico Michavila ceased to be Director on 08 Jan 2025. Miguel Angel Michavila Heras ceased to be Director on 08 Jan 2025. Tomas Ruben Mateu Ballester was appointed as Director on 08 Jan 2025. Torrecid India has 11 board changes on record in total.
Torrecid India has 6 MSME Form 1 returns on record between 2019 and 2024, listing 112 overdue payments to 15 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Torrecid India can be reached through the website torrecid.com. Its registered office is in Vadodara, Gujarat, India.