Turnrest Resources Private Limited
About Turnrest Resources Private Limited
Data last updated: 10 December 2025
Turnrest Resources Private Limited is a private limited company based in Ahmadabad, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in materials retail and distribution, a part of the broader metals and mining sector. Incorporated on 20 April 2017, the company has been in operation for over 9 years.
Registered with ROC Ahmedabad under CIN U93090GJ2017PTC096979.
Capital: an authorised share capital of ₹87 Cr and a paid-up capital of ₹87 Cr. It is led by directors Jay Harshadkumar Chotalia and Mitesh Kiritikumar Sanghvi.
Last AGM: 30 September 2023. Financial statements filed for year ended 31 March 2023. Office: Ahmadabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹945.29 Cr, a growth of 37% compared to the previous year.
As per MCA filings, the company has open charges of ₹334.67 Cr and satisfied charges of ₹101.8 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments.
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Registered AddressD – 1001 Swati Crimson & Clov Nr Shilaj Circle Vill: Shilaj Tal: Dask, Roi, Ahmadabad, Gujarat, India – 380059
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IndustryMetals and Minerals, Materials Retail & Distribution
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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Business Activity of Turnrest Resources Private Limited
Turnrest Resources Private Limited is engaged in the principal business activity of trade, with detailed activities including wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details for Turnrest Resources Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Auditor Details of Turnrest Resources Private Limited
Turnrest Resources Private Limited is audited by D G KADECHA & ASSOCIATES for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D G KADECHA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Turnrest Resources Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Turnrest Resources Private Limited
Turnrest Resources Private Limited is currently managed by 2 directors, with 2 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jay Harshadkumar Chotalia | Director | 20 Apr 2017 | 9 Years 3 Months | As last reported |
| Mitesh Kiritikumar Sanghvi | Director | 20 Apr 2017 | 9 Years 3 Months | As last reported |
Financials of Turnrest Resources Private Limited FY 2023 filings available
Turnrest Resources Private Limited reported revenue of ₹945.29 Cr (up 37.00% YoY) for FY 2023.
Ten-year financial statements for Turnrest Resources Private Limited
Historical statement values and trend charts require an active report plan.
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Ownership and Shareholding of Turnrest Resources Private Limited
Shareholding and ownership data for Turnrest Resources Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
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Charges & Borrowings of Turnrest Resources Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Feb 2024 | Others | ₹5 Cr | Open |
| 26 Feb 2024 | Others | ₹5 Cr | Open |
| 16 May 2023 | Others | ₹15 Cr | Open |
| 11 May 2023 | The South Indian Bank Limited | ₹25 Cr | Open |
| 29 Dec 2021 | Others | ₹8 Cr | Open |
Total charge records: 16 View all charges
Employees and EPFO Compliance at Turnrest Resources Private Limited
View historical data on people associated with Turnrest Resources Private Limited, including employment history and EPFO contributions.
Employee and EPFO history for Turnrest Resources Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
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GST Compliance of Turnrest Resources Private Limited
GST registrations and filing compliance for Turnrest Resources Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
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Credit Ratings, Litigation & Regulatory Alerts for Turnrest Resources Private Limited
Credit ratings, litigation, and regulatory alerts for Turnrest Resources Private Limited
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- Rating history
- Court and tribunal cases
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MSME Payment Delays by Turnrest Resources Private Limited
MSME payment history for Turnrest Resources Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
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Subsidiaries & Group Companies of Turnrest Resources Private Limited
Corporate group structure for Turnrest Resources Private Limited
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MCA Filings & Documents of Turnrest Resources Private Limited
MCA filings and documents for Turnrest Resources Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
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Recent Activity on Turnrest Resources Private Limited
Frequently Asked Questions about Turnrest Resources Private Limited
Turnrest Resources Private Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Turnrest Resources Private Limited is a company under insolvency, formerly operating as a private limited company in the metals and minerals sector based in Ahmadabad, Gujarat, India. It was incorporated on 20 April 2017 and is registered under CIN U93090GJ2017PTC096979. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Turnrest Resources Private Limited reported revenue of ₹945.29 Cr for FY 2023 (up 37.00% YoY).
The current directors of Turnrest Resources Private Limited are:
- Jay Harshadkumar Chotalia - Director
- Mitesh Kiritikumar Sanghvi - Director
The CIN (Corporate Identification Number) of Turnrest Resources Private Limited is U93090GJ2017PTC096979. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Turnrest Resources Private Limited has open charges of ₹334.67 Cr and satisfied charges of ₹101.8 Cr as per latest MCA filings.