India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,545 Ketan Mansukhlal Rajani & family ₹1,300 Cr
Revenue · FY 2025
₹3.13 Cr
▲ 58% YoY
Net profit · FY 2025
₹8.23 Lakh
Net margin 2.6%
EBITDA · FY 2025
₹8.91 Lakh
EBITDA margin 2.8%
Company age
14 yrs
Est. 2012
Directors on board
15
As per MCA filings
Active GSTINs
1
GST registered
Brands
1
Associated brands
Last financials
Mar 2025
Balance sheet date
About Umargam Industries Association
Data last updated:
Umargam Industries Association is a public not for profit company based in Umargam, Gujarat, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 25 May 2012 and has been in existence for over 14 years.
Its director Ketan Mansukhlal Rajani and family are #1,545 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U93000GJ2012NPL070480. Its GSTIN is 24AABCU4696C1ZD (Gujarat).
It is led by directors including Prashant Hansraj Thaman and Amrut Kantilal Patel.
Its last annual general meeting (AGM) was held on 30 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C – 1 G.I.D.C. Industrial Estate, Umargam, Gujarat, India – 396171.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.13 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹8.23 Lakh (net margin 2.6%) and EBITDA of ₹8.91 Lakh (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 19% over five years.
The company is associated with 1 brand: Umargam Industries Association. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website umargamuia.org.
Company details
CIN U93000GJ2012NPL070480
Registration Number 070480
Incorporation Date 25 May 2012
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 October 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Prashant Hansraj Thaman Director Amrut Kantilal Patel Director Naresh Kumar Banthia Director Recognitions & Rankings of Umargam Industries Association
Contact details
Umargam Industries Association's registered office is in Umargam, Gujarat. Its website is umargamuia.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 1 G.I.D.C. Industrial Estate, Umargam, Gujarat, India – 396171
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Umargam Industries Association, buy the company report.
Comprehensive company report
Umargam Industries Association - 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
Umargam Industries Association operates one associated brand: Umargam Industries Association. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Support for manufacturing and infrastructure in Umargam's industrial estate. | umargamuia.org |
Business activity
The main business activity of Umargam Industries Association is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Umargam Industries Association, buy the company report.
Financials of Umargam Industries Association
FY 2025 filings availableUmargam Industries Association reported revenue of ₹3.13 Cr (up 58% YoY) for FY 2025.
Revenue · FY 2025
₹3.13 Cr ▲ 58%
Net profit · FY 2025
₹8.23 Lakh margin 2.6%
EBITDA · FY 2025
₹8.91 Lakh margin 2.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 58%
3 years · compounded
▲ 50%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▼ 83%
3 years · compounded
▼ 27%
5 years · compounded
▲ 46%
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 58% growth in the latest year. EBITDA fell 83% 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 | ₹8.91 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.23 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 2.8% | ||||
| Net Profit Margin | 2.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Umargam Industries Association, buy the company report.
Board of directors of Umargam Industries Association
Umargam Industries Association has 15 current directors and 45 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Hansraj Thaman Also directs: Sparrow Oilz Private Limited, Circlips India Pvt Ltd, Bemco India Private Limited and 1 more | Director | 01 Apr 2022 | 4 Years 6 Months | Current |
| Amrut Kantilal Patel | Director | 01 Apr 2020 | 6 Years 6 Months | Current |
| Naresh Kumar Banthia Also directs: Citizen Umbrella Manufacturers Ltd | Director | 01 Apr 2022 | 4 Years 6 Months | Current |
| Mehul Sitaram Shah Also directs: Super Kino Equipments Private Limited | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Nitin Arvind Hirani | Director | 14 Jun 2018 | 8 Years 4 Months | Current |
| Bhagwanbhai Naranbhai Bharwad | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
Showing 6 of 15 current directors. View all directors
Auditor
Umargam Industries Association is audited by Kakaria & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kakaria & Associates | FY 2023 | 104558W |
Shareholding
The shareholding of Umargam Industries Association is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public |
To see the full shareholding pattern of Umargam Industries Association, buy the company report.
Legal cases
Umargam Industries Association has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (AO) | Filed against the company by an individual | Disposed |
To see the full case history of Umargam Industries Association, 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
No delayed payments to MSME suppliers are on our record for Umargam Industries Association; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Umargam Industries Association has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCU4696C1ZD | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Umargam Industries Association, buy the company report.
Recent activity
Umargam Industries Association has 60 board changes on record since 2012: 15 appointments and 45 cessations. The latest: Ashishkumar Hasmukhlal Shah was appointed as Director on 01 Apr 2024.
AGM
Umargam Industries Association last Annual general meeting of members was held on 30 Oct 2025 as per latest MCA records.
Filing
Umargam Industries Association has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Ashishkumar Hasmukhlal Shah was appointed as Director.
Appointed
Bhagwanbhai Naranbhai Bharwad was appointed as Director.
Appointed
Ketan Mansukhlal Rajani was appointed as Director.
Appointed
Keyur Rohitkumar Bhatt was appointed as Director.
Appointed
Mehul Sitaram Shah was appointed as Director.
Ceased
Navinbhai Dayaram Mange ceased to be Director.
Ceased
Niraj Hasmukh Puthawala ceased to be Director.
Ceased
Nitin Kevalchand Mehta ceased to be Director.
Appointed
Pravin Chaganlal Jain was appointed as Director.
Appointed
Taher Yusuf Vohra was appointed as Director.
51 earlier events are in the company report.
Frequently asked questions
Umargam Industries Association is an active public not for profit company based in Umargam, Gujarat, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 25 May 2012 (14+ years old) and is registered under CIN U93000GJ2012NPL070480.
Umargam Industries Association has 15 current directors:
- Prashant Hansraj Thaman - Director
- Amrut Kantilal Patel - Director
- Naresh Kumar Banthia - Director
- Mehul Sitaram Shah - Director
- Nitin Arvind Hirani - Director
- Bhagwanbhai Naranbhai Bharwad - Director
- Deepak Shridhar Gupta - Director
- Ashishkumar Hasmukhlal Shah - Director
- Vipul Maganbhai Panchal - Director
- Taher Yusuf Vohra - Director
- Ketan Mansukhlal Rajani - Director
- Saravanan Deivasigamani Devar - Director
- Keyur Rohitkumar Bhatt - Director
- Ketankumar Jayantilal Panchal - Director
- Pravin Chaganlal Jain - Director
The latest financial statements of Umargam Industries Association on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Umargam Industries Association is 24AABCU4696C1ZD, registered in Gujarat.
The CIN (Corporate Identification Number) of Umargam Industries Association is U93000GJ2012NPL070480. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Umargam Industries Association has 1 court case on record: 1 filed against it.
Umargam Industries Association was incorporated on 25 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ashishkumar Hasmukhlal Shah was appointed as Director on 01 Apr 2024. Bhagwanbhai Naranbhai Bharwad was appointed as Director on 01 Apr 2024. Ketan Mansukhlal Rajani was appointed as Director on 01 Apr 2024. Umargam Industries Association has 60 board changes on record in total.
Umargam Industries Association can be reached through the website umargamuia.org. Its registered office is in Umargam, Gujarat, India.
The registered office of Umargam Industries Association is at C – 1 G.I.D.C. Industrial Estate, Umargam, Gujarat, India – 396171.
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