About Vortex Flex Private Limited
Data last updated:
Vortex Flex Private Limited is a private limited company based in Alipore, Gujarat, India, recognised as a startup by DPIIT. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 06 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25199GJ2017PTC100045. Its GSTIN is 24AAGCV1978D1ZA (Gujarat).
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹12.48 Cr. It is led by directors including Nirav Vasantlal Kasundra (Managing Director) and Jignesh Dhirajlal Butani (Whole-Time Director).
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 B. S. No. 320 330 At Alipore Taluka Chikhli Dist. Navsari, Gujarat, India – 396409.
As per the financials filed for FY 2025, the company reported a revenue of ₹60.98 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹4.95 Cr (net margin 8.1%) and EBITDA of ₹9.23 Cr (EBITDA margin 15.1%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 91% over five years.
The company has about 39 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vortex Flex. As per MCA filings, the company has open charges of ₹32.99 Cr and satisfied charges of ₹24.31 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending. The company has 13 deals on record (6 secondary share transfers, 4 rights issues, 3 funding rounds), with disclosed funding of ₹6.24 Cr; the latest was in May 2023. Its 10 peer companies in the Manufacturing industry (Films and Foils, Leather, Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Sanwariya Processors Private Limited with revenue of ₹61.15 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vortexflex.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressB. S. No. 320 330 At Alipore Taluka Chikhli Dist. Navsari, Gujarat, India – 396409
- IndustryPackaging, Packaging Films & Foils
- 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
- One PDF report, delivered after checkout
Business Activity of Vortex Flex Private Limited
The main business activity of Vortex Flex is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Vortex Flex Private Limited FY 2025 filings available
Vortex Flex Private Limited reported revenue of ₹60.98 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Vortex Flex Private Limited
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 91%. EBITDA fell 20% 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 of Vortex Flex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹9.23 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.95 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 of Vortex Flex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Vortex Flex are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Vortex Flex Private Limited
Vortex Flex Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Films and Foils, Leather, Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sanwariya Processors Private Limited | ₹61.15 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Surat, Gujarat, India |
| Gaurinath Agro Products Private Limited | ₹61.15 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Bhadrawati, Maharashtra, India |
| Gini Tex Private Limited | ₹61.13 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Lucky-Tech Membranes Private Limited | ₹61.09 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Mumbai, Maharashtra, India |
| Jasmin Texfab Private Limited | ₹61.01 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Surat, Gujarat, India |
| Vortex Flex Private Limited this company | ₹60.98 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Alipore, Gujarat, India |
| VSK Polyfins Private Limited | ₹60.94 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Surat, Gujarat, India |
| Mittapalli Spinners Private Limited | ₹60.89 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Narasaraopet, Andhra Pradesh, India |
| Ashutosh Textiles Private Limited | ₹60.86 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Bhilwara, Rajasthan, India |
| Apollo Processors Private Limited | ₹60.85 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Punjab, India |
| Fitesa Pune Private Limited | ₹60.84 Cr (FY 2024) | •••• | •••• | 157.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Vortex Flex by revenue in the Manufacturing industry (Films and Foils, Leather, Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Vortex Flex Private Limited
Vortex Flex Private Limited is audited by A K M K & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A K M K & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Vortex Flex Private Limited
Vortex Flex has 9 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirav Vasantlal Kasundra Also directs: Sunbez Speciality Films Private Limited | Managing Director | 06 Dec 2017 | 8 Years 10 Months | Current |
| Jignesh Dhirajlal Butani | Whole-Time Director | 06 Dec 2017 | 8 Years 10 Months | Current |
| Pratikkumar D Boda | Whole-Time Director | 06 Dec 2017 | 8 Years 10 Months | Current |
| Chhatrola Vipulkumar Devshaibhai | Whole-Time Director | 06 Dec 2017 | 8 Years 10 Months | Current |
| Kasundra Rameshbhai Becharbhai | Whole-Time Director | 09 Jul 2018 | 8 Years 3 Months | Current |
| Mehulkumar Ramjibhai Patel | Whole-Time Director | 06 Dec 2017 | 8 Years 10 Months | Current |
Ownership and Shareholding of Vortex Flex Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Vortex Flex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Apr 2019 | Indian Bank | ₹32.99 Cr | Open |
| 09 Jan 2020 | Indian Bank | ₹5 Cr | Satisfied |
| 11 Feb 2019 | Indian Bank | ₹19.31 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Vortex Flex Private Limited
Vortex Flex Private Limited has 13 deals on record (6 secondary share transfers, 4 rights issues, 3 funding rounds), with disclosed funding of ₹6.24 Cr; the latest was in May 2023.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2023 | Secondary share transfer | Undisclosed | Buyer: Jayendrakumar K Shani (Huf), Nakul Patel (Huf), Niraj Kashinath Patel (Huf) Seller: 4 individuals |
| Apr 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Full deal history
All 13 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Vortex Flex Private Limited
Vortex Flex Private Limited has 3 court cases on record: 3 filed by Vortex Flex. 1 case is pending and 2 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Navsari, Gujarat | Court case (CR EN) | Filed by the company against an individual | Pending |
| District court, Navsari, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Navsari, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Vortex Flex Private Limited
Vortex Flex operates one associated brand: Vortex Flex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| PVC manufacturing and synthetic leather production in India. | vortexflex.com |
Employees and EPFO Compliance at Vortex Flex Private Limited
Vortex Flex Private Limited has a workforce of 39 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Vortex Flex Private Limited
Vortex Flex Private Limited has 19 board changes on record since 2017: 9 appointments and 10 cessations. The latest: Govind Bhovan Agheda ceased to be Director on 08 May 2021.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vortex Flex Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Vortex Flex Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Vortex Flex Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Vortex Flex Private Limited
Vortex Flex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCV1978D1ZA | Gujarat | Active | 19 Jan 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Vortex Flex Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Vortex Flex Private Limited
Vortex Flex is an active private limited company based in Alipore, Gujarat, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 06 December 2017 (9+ years old) and is registered under CIN U25199GJ2017PTC100045.
Vortex Flex reported revenue of ₹60.98 Cr for FY 2025 (down 8% YoY).
Vortex Flex has 9 current directors:
- Nirav Vasantlal Kasundra - Managing Director
- Jignesh Dhirajlal Butani - Whole-Time Director
- Pratikkumar D Boda - Whole-Time Director
- Chhatrola Vipulkumar Devshaibhai - Whole-Time Director
- Kasundra Rameshbhai Becharbhai - Whole-Time Director
- Mehulkumar Ramjibhai Patel - Whole-Time Director
- Shailesh Thakarshi Boda - Whole-Time Director
- Mehul Vinodbhai Bhoraniya - Whole-Time Director
- Shantilal Jivrajbhai Bariya - Director
Vortex Flex reported a net profit of ₹4.95 Cr (net margin 8.1%) and EBITDA of ₹9.23 Cr (EBITDA margin 15.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vortex Flex is 6% over three years and 91% over five years. In the latest year (FY 2025) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vortex Flex is 24AAGCV1978D1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Vortex Flex is U25199GJ2017PTC100045. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vortex Flex has 3 court cases on record: 3 filed by the company. 1 is pending.
Vortex Flex was incorporated on 06 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vortex Flex has 13 deals on record (6 secondary share transfers, 4 rights issues, 3 funding rounds), with disclosed funding of ₹6.24 Cr; the latest was in May 2023.
The peers of Vortex Flex by revenue are Sanwariya Processors Private Limited, Gaurinath Agro Products Private Limited, Gini Tex Private Limited, Lucky-Tech Membranes Private Limited, Jasmin Texfab Private Limited and 5 more, all in the Manufacturing industry (Films and Foils, Leather, Textiles).