Victory Ceratech Private Limited

Victory Ceratech Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U26933GJ1980PTC003707 Incorporated 28 March 1980 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company manufacturing MSME · Medium
Data last updated
Revenue · FY 2025
₹101.73 Cr
▲ 28% YoY
Net profit · FY 2025
₹2.64 Cr
Net margin 2.6%
EBITDA · FY 2025
₹7.92 Cr
EBITDA margin 7.8%
Authorised capital
₹4.1 Cr
Registered with MCA
Paid-up capital
₹1.4 Cr
Issued & subscribed
Open charges
₹45.09 Cr
Satisfied ₹31.38 Cr
Company age
46 yrs
Est. 1980
Employees · EPFO
63
Provident fund records

About Victory Ceratech Private Limited

Data last updated:

Victory Ceratech Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 28 March 1980 and has been in existence for over 46 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ1980PTC003707. Its GSTIN is 24AAACJ4897K1Z5 (Gujarat).

The company has an authorised share capital of ₹4.1 Cr and a paid-up capital of ₹1.4 Cr. It was formerly known as Jaibhawani Glass Works Private Limited. It is led by directors including Pradeep Kumar Bakliwal and Sachin Jain.

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 302 Camps Corner II 3rd Floor Auda Garden Prahladnagar Satellite, Ahmedabad, Gujarat, India – 380015.

As per the financials filed for FY 2025, the company reported a revenue of ₹101.73 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹2.64 Cr (net margin 2.6%) and EBITDA of ₹7.92 Cr (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 5% over five years.

The company has about 63 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Victory Ceratech. As per MCA filings, the company has open charges of ₹45.09 Cr and satisfied charges of ₹31.38 Cr on record. Court records list 59 cases involving the company, including 56 filed by the company and 3 filed against it; 22 cases are pending. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.57 Cr; the latest was in March 2024. Its 3 peer companies in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 1 larger and 2 smaller; the largest is Ag Granites Private Limited with revenue of ₹101.92 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 91 overdue payments to 17 micro and small suppliers.

Victory Ceratech Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0010584). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website victorytiles.com.

Company details

CIN U26933GJ1980PTC003707
Registration Number 003707
Incorporation Date 28 March 1980
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0010584
Key People
Pradeep Kumar Bakliwal Director Sachin Jain Director Vijaykumar Jain Director

Recognitions & Rankings of Victory Ceratech

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0010584

Contact details

Victory Ceratech Private Limited's registered office is in Ahmedabad, Gujarat. Its website is victorytiles.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    victorytiles.com
  • Social Media
  • Registered Address
    302 Camps Corner II 3rd Floor Auda Garden Prahladnagar Satellite, Ahmedabad, Gujarat, India – 380015
  • Industry
    Manufacturing, Sanitaryware & Tile, Ceramics

To see the full contact details of Victory Ceratech Private Limited, buy the company report.

Comprehensive company report
Victory Ceratech Private Limited - 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

Victory Ceratech operates one associated brand: Victory Ceratech. Each brand links to its own profile.

BrandDescriptionWebsite
Victory Ceratech
Ceramic tiles manufacturing for exterior and interior applications in India.victorytiles.com

Business activity

The main business activities of Victory Ceratech are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities, wood and wood products, furniture, paper and paper products and electric power generation, transmission and distribution. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities
CManufacturingC3Wood and wood products, furniture, paper and paper products
DElectricity, gas, steam and air condition supplyD1Electric power generation, transmission and distribution

To see the full business activity and turnover split of Victory Ceratech Private Limited, buy the company report.

Financials of Victory Ceratech Private Limited

FY 2025 filings available

Victory Ceratech Private Limited reported revenue of ₹101.73 Cr (up 28% YoY) for FY 2025.

Revenue · FY 2025
₹101.73 Cr ▲ 28%
Net profit · FY 2025
₹2.64 Cr margin 2.6%
EBITDA · FY 2025
₹7.92 Cr margin 7.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 4%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 7%
5 years · compounded
▼ 2%

Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 28% growth in the latest year. EBITDA rose 18% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹7.92 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹2.64 Cr
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin7.8%
Net Profit Margin2.6%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Victory Ceratech Private Limited, buy the company report.

Board of directors of Victory Ceratech Private Limited

Victory Ceratech has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Pradeep Kumar Bakliwal
Also directs: Victory Granito Private Limited, Pavit Ceramics Private Limited
Director15 Jun 199630 Years 4 MonthsCurrent
Sachin Jain
Also directs: Victory Granito Private Limited, Pavit Ceramics Private Limited
Director21 Jun 199927 Years 4 MonthsCurrent
Vijaykumar Jain
Also directs: Pavit Ceramics Private Limited
Director15 Jun 199630 Years 4 MonthsCurrent
Shomit Pradeepkumar Bakliwal
Also directs: Pavit Ceramics Private Limited
Director11 Jul 201511 Years 3 MonthsCurrent
Pulkit Pradeepkumar Bakliwal
Also directs: Pavit Ceramics Private Limited
Director11 Jul 201511 Years 3 MonthsCurrent
View all directors

Peer comparison

Victory Ceratech Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Ag Granites Private Limited₹101.92 Cr (FY 2024)-24.0%Dharmapuri, Tamil Nadu, India
Victory Ceratech Private Limitedthis company₹101.73 Cr (FY 2025)₹2.64 Cr2.6%28.0%63Ahmedabad, Gujarat, India
Kethos Tiles Private Limited₹97.66 Cr (FY 2022)17.0%Talod, Gujarat, India
Shrusti Ceramics Private Limited₹97.58 Cr (FY 2025)-3.0%Himatnagar, Gujarat, India

To see the full peer comparison of Victory Ceratech Private Limited, buy the company report.

Auditor

Victory Ceratech Private Limited is audited by R.R.S.& ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
R.R.S.& ASSOCIATESFY 2023118336W

Shareholding

The shareholding of Victory Ceratech Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Victory Ceratech Private Limited, buy the company report.

Charges & borrowings

Open charges
₹45.09 Cr
Satisfied charges
₹31.38 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹41.64 Cr
Sidbi₹2.63 Cr
Others₹0.83 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
20 Nov 2025101186652Sidbi₹50 LakhOpen
19 Sep 2025101177577Others₹24 LakhOpen
09 Mar 2025101061207Others₹59 LakhOpen
09 Oct 2023100792900Sidbi₹2.13 CrOpen
23 Apr 2021100461306Hdfc Bank Limited₹13.85 LakhOpen

To see the full charge records of Victory Ceratech Private Limited, buy the company report.

Total charge records: 13 View all charges

Deals & funding

Victory Ceratech Private Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.57 Cr; the latest was in March 2024.

Total deals
8
Secondary share transfers
6
Funding rounds
2
Disclosed funding
₹2.57 Cr

Deals on record (5 of 8)

WhenDealAmountParties
Mar 2024Secondary share transferUndisclosedSeller: Vijay Kumar Jain Huf, 3 individuals
Sep 2023Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual
Sep 2022Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Sep 2020Secondary share transferUndisclosedSeller: Vijay Kumar Jain Huf, 3 individuals
Jul 2008Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 4 individuals

To see the full deal history of Victory Ceratech Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Victory Ceratech Private Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 91 overdue payments to 17 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 17)

SupplierAmount dueDue sinceReported on
Vishal Shipping Agencies Private Limited
Shri Antariksh Distributors LLP
an individual supplier
Sun Data Processing Private Limited
an individual supplier

To see the full MSME payment records of Victory Ceratech Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Victory Ceratech Private Limited has a workforce of 63 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.

Employee count
63
Active EPFO establishments
1
Employee growth
-3.08%

GST

Victory Ceratech has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAACJ4897K1Z5GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Victory Ceratech Private Limited, buy the company report.

Recent activity

Victory Ceratech Private Limited has 7 board changes on record since 1996: 6 appointments and 1 cessation. The latest: Jain Sushilkumar ceased to be Director on 28 Feb 2022.

Charges
A charge with Sidbi amounted to Rs. 0.50 Cr with Charge ID 101186652 was registered on 20 Nov 2025.
AGM
Victory Ceratech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.24 Cr with Charge ID 101177577 was registered on 19 Sep 2025.
Filing
Victory Ceratech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 0.59 Cr with Charge ID 101061207 was registered on 09 Mar 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 20.02 Cr registered on 23 Sep 2020 with Charge ID 100398631 was modified on 06 Nov 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 20.27 Cr registered on 31 Aug 2017 with Charge ID 100131771 was modified on 27 Sep 2024.
Charges
A charge registered on 28 Jul 2011 via Charge ID 10321085 with Indusland Bank was fully satisfied on 15 Mar 2024.
Charges
A charge registered on 14 Aug 2019 via Charge ID 100281998 with Yes Bank Limited was fully satisfied on 12 Mar 2024.
Charges
A charge with Sidbi amounted to Rs. 2.13 Cr with Charge ID 100792900 was registered on 09 Oct 2023.
Ceased
Jain Sushilkumar ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.14 Cr with Charge ID 100461306 was registered on 23 Apr 2021.

20 earlier events are in the company report.

Frequently asked questions

Victory Ceratech is an active private limited company based in Ahmedabad, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 28 March 1980 (46+ years old) and is registered under CIN U26933GJ1980PTC003707.

Victory Ceratech has 5 current directors:

The latest financial statements of Victory Ceratech 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 Victory Ceratech is 24AAACJ4897K1Z5, registered in Gujarat.

The CIN (Corporate Identification Number) of Victory Ceratech is U26933GJ1980PTC003707. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Victory Ceratech has 59 court cases on record: 56 filed by the company and 3 filed against it. 22 are pending. Most are in the district courts.

Victory Ceratech was incorporated on 28 March 1980, making it 46+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Victory Ceratech has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.57 Cr; the latest was in March 2024.

The peers of Victory Ceratech by revenue are Ag Granites Private Limited, Kethos Tiles Private Limited, Shrusti Ceramics Private Limited, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).

Jain Sushilkumar ceased to be Director on 28 Feb 2022. Pulkit Pradeepkumar Bakliwal was appointed as Director on 11 Jul 2015. Shomit Pradeepkumar Bakliwal was appointed as Director on 11 Jul 2015. Victory Ceratech has 7 board changes on record in total.

Yes, Victory Ceratech is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0010584).

Victory Ceratech has 7 MSME Form 1 returns on record between 2019 and 2023, listing 91 overdue payments to 17 micro and small suppliers. The latest return was filed on 03 Jan 2024.