Utkal Stonex Private Limited
About Utkal Stonex Private Limited
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Utkal Stonex Private Limited is a private limited company based in Balasore, Odisha, India. It operates in the jewellery segment of the musical instruments sector. It was incorporated on 17 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U14102OR2005PTC008164. Its GSTIN is 21AAACU8354L1Z6 (Odisha).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Ratilal Patel (Managing Director) and Basantalal Patel.
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 At: Ganeswarpur Po: Januganj, Balasore, Odisha, India – 756019.
As per the financials filed for FY 2024, the company reported a revenue of ₹38 Lakh, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹50,341 (net margin 1.3%) and EBITDA of ₹2.78 Lakh (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹54 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Utkal Stonex Private Limited's registered office is in Balasore, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAt: Ganeswarpur Po: Januganj, Balasore, Odisha, India – 756019
- IndustryMusical Instruments, Jewellery, Manufacturing, Musical Instrument, Sports Goods
To see the full contact details of Utkal Stonex 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
Business activity
The main business activities of Utkal Stonex are manufacturing and real estate. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and real estate activities with own or leased property. 2 activity segments are registered with the MCA.
| 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 | |
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Utkal Stonex Private Limited, buy the company report.
Financials of Utkal Stonex Private Limited
FY 2025 filings availableUtkal Stonex Private Limited reported revenue of ₹38 Lakh (up 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 15% growth in the latest year. EBITDA rose 196% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.78 Lakh | ||||
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| Net Profit (PAT) | ₹50,341 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 7.3% | ||||
| Net Profit Margin | 1.3% | ||||
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To see the full financial statements and ratios of Utkal Stonex Private Limited, buy the company report.
Board of directors of Utkal Stonex Private Limited
Utkal Stonex has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Basantalal Patel | Director | 26 Nov 2005 | 20 Years 10 Months | Current |
| Yogesh Patel | Director | 26 Nov 2005 | 20 Years 10 Months | Current |
| Madhavjee Patel | Director | 17 May 2005 | 21 Years 5 Months | Current |
| Ratilal Patel Also directs: Neelachal Concrete Products Pvt Ltd | Managing Director | 17 May 2005 | 21 Years 5 Months | Current |
Peer comparison
Utkal Stonex Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sahasra Interior Solutions Private Limited | ₹38.04 Lakh (FY 2024) | 5.0% | Kakinada, Andhra Pradesh, India | |||
| Maricon Designer Pavers Private Limited | ₹38.02 Lakh (FY 2024) | 105.0% | Kottayam, Kerala, India | |||
| Viya Gold Private Limited | ₹38.02 Lakh (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| Gain Sheet Metal Private Limited | ₹38.02 Lakh (FY 2025) | 769.0% | Salboni, West Bengal, India | |||
| Platinae Anchorage Private Limited | ₹38 Lakh (FY 2025) | -2.0% | Noida, Uttar Pradesh, India | |||
| Utkal Stonex Private Limitedthis company | ₹38 Lakh (FY 2024) | ₹50,341 | 1.3% | 15.0% | Balasore, Odisha, India | |
| Bello Jewels Private Limited | ₹37.95 Lakh (FY 2021) | 36.0% | New Delhi, Delhi, India | |||
| Hearsight Audio Vision Private Limited | ₹37.89 Lakh (FY 2025) | 2148.0% | Coimbatore, Tamil Nadu, India | |||
| Dias Products Private Limited | ₹37.85 Lakh (FY 2023) | 4.0% | Noida, Uttar Pradesh, India | |||
| Mirakin Enterprises Private Limited | ₹37.79 Lakh (FY 2025) | 135.0% | New Delhi, Delhi, India | |||
| Snow Shine Wall Putty Private Limited | ₹37.78 Lakh (FY 2024) | -39.0% | Bhilwara, Rajasthan, India |
To see the full peer comparison of Utkal Stonex Private Limited, buy the company report.
Auditor
Utkal Stonex Private Limited is audited by N. Jatania & Co for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. Jatania & Co | FY 2017 | 315001E |
Shareholding
The shareholding of Utkal Stonex Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Utkal Stonex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2005 | 80028176 | United Bank of India | ₹54 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Utkal Stonex Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Utkal Stonex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Utkal Stonex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACU8354L1Z6 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Utkal Stonex Private Limited, buy the company report.
Recent activity
Utkal Stonex Private Limited has 4 board changes on record since 2005: 4 appointments. The latest: Basantalal Patel was appointed as Director on 26 Nov 2005.
Frequently asked questions
Utkal Stonex is an active private limited company based in Balasore, Odisha, India. The company works in jewellery, within the musical instruments industry. It was incorporated on 17 May 2005 (21+ years old) and is registered under CIN U14102OR2005PTC008164.
Utkal Stonex has 4 current directors:
- Ratilal Patel - Managing Director
- Basantalal Patel - Director
- Yogesh Patel - Director
- Madhavjee Patel - Director
The latest financial statements of Utkal Stonex 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 Utkal Stonex is 21AAACU8354L1Z6, registered in Odisha.
The CIN (Corporate Identification Number) of Utkal Stonex is U14102OR2005PTC008164. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Utkal Stonex was incorporated on 17 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Utkal Stonex by revenue are Sahasra Interior Solutions Private Limited, Maricon Designer Pavers Private Limited, Viya Gold Private Limited, Gain Sheet Metal Private Limited, Platinae Anchorage Private Limited and 5 more, all in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Basantalal Patel was appointed as Director on 26 Nov 2005. Yogesh Patel was appointed as Director on 26 Nov 2005. Madhavjee Patel was appointed as Director on 17 May 2005. Utkal Stonex has 4 board changes on record in total.
The registered office of Utkal Stonex is at At: Ganeswarpur Po: Januganj, Balasore, Odisha, India – 756019.
Utkal Stonex operates in the musical instruments industry, in the jewellery segment.
Utkal Stonex has open charges of ₹54 Lakh and no satisfied charges on record as per latest MCA filings.