About Worthwill Foam India Private Limited
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Worthwill Foam India Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 19 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36104GJ2014PTC079843. Its GSTIN is 24AABCW5324K1ZB (Gujarat).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.97 Cr. It is led by directors including Ankitkumar Manaharlal Savsani and Piyushbhai Mansukhbhai Gambhava.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sr No. 302/15/1 Village ; Bedi Kotharia Bedi Main Road, Rajkot, Gujarat, India – 363650.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.65 Cr, a growth of 68% compared to the previous year. For the same year it recorded a net profit of ₹49,639 (net margin 0%) and EBITDA of ₹75.22 Lakh (EBITDA margin 5.5%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 2% over five years.
The company is associated with 1 brand: Worthwill. As per MCA filings, the company has open charges of ₹4.03 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website worthwill.in.
Company details
Contact details
Worthwill Foam India Private Limited's registered office is in Rajkot, Gujarat. Its website is worthwill.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSr No. 302/15/1 Village ; Bedi Kotharia Bedi Main Road, Rajkot, Gujarat, India – 363650
- IndustryConsumer Goods, Home Furnishings Manufacturing
To see the full contact details of Worthwill Foam India 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
Brands
Worthwill Foam India operates one associated brand: Worthwill. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| worthwill.in |
Business activity
The main business activity of Worthwill Foam India is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Worthwill Foam India Private Limited, buy the company report.
Financials of Worthwill Foam India Private Limited
FY 2024 filings availableWorthwill Foam India Private Limited reported revenue of ₹13.65 Cr (up 68% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 68% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 40% 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 | ₹75.22 Lakh | ||||
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| Net Profit (PAT) | ₹49,639 | ||||
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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 | 5.5% | ||||
| Net Profit Margin | 0% | ||||
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To see the full financial statements and ratios of Worthwill Foam India Private Limited, buy the company report.
Board of directors of Worthwill Foam India Private Limited
Worthwill Foam India has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjeet Singh Balbir Singh Ahluwalia Also directs: Shri Ramdhara Comfort Products Private Limited | Additional Director | 09 Nov 2024 | 2 Years 0 Months | Current |
| Ankitkumar Manaharlal Savsani | Director | 27 Dec 2019 | 6 Years 10 Months | Current |
| Piyushbhai Mansukhbhai Gambhava Also directs: Sleepcountry India Limited | Director | 22 Jul 2023 | 3 Years 3 Months | Current |
Peer comparison
Worthwill Foam India Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Home Furnishings Manufacturers, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asl Plastic Private Limited | ₹13.69 Cr (FY 2024) | -5.0% | Kolkata, West Bengal, India | |||
| KMR Kumaran Ropes Private Limited | ₹13.66 Cr (FY 2024) | 360.0% | Kanyakumari, Tamil Nadu, India | |||
| Worthwill Foam India Private Limitedthis company | ₹13.65 Cr (FY 2024) | ₹49,639 | 0% | 68.0% | Rajkot, Gujarat, India | |
| Shivika Plastics Private Limited | ₹13.64 Cr (FY 2024) | 182.0% | Mumbai, Maharashtra, India | |||
| Kunstoplast(India) Limited | ₹13.61 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India |
To see the full peer comparison of Worthwill Foam India Private Limited, buy the company report.
Auditor
Worthwill Foam India Private Limited is audited by D. H. Kagathara & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D. H. Kagathara & Associates | FY 2023 | 138924W |
Shareholding
The shareholding of Worthwill Foam India 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Worthwill Foam India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Nov 2015 | 10601561 | State Bank of India | ₹4.03 Cr | Open |
To see the full charge records of Worthwill Foam India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Worthwill Foam India Private Limited has 4 court cases on record: 3 filed by Worthwill Foam India, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Civil suit | Filed against the company by M/S Recaz Chemicals India Pvt. Ltd. | Pending |
| District court, RAJKOT, Gujarat | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, RAJKOT, Gujarat | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Worthwill Foam India Private Limited, 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 Worthwill Foam India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Worthwill Foam India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCW5324K1ZB | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Worthwill Foam India Private Limited, buy the company report.
Recent activity
Worthwill Foam India Private Limited has 7 board changes on record since 2019: 3 appointments and 4 cessations. The latest: Manjeet Singh Balbir Singh Ahluwalia was appointed as Additional Director on 09 Nov 2024.
Frequently asked questions
Worthwill Foam India is an active private limited company based in Rajkot, Gujarat, India. The company works in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 19 June 2014 (12+ years old) and is registered under CIN U36104GJ2014PTC079843.
Worthwill Foam India has 3 current directors:
- Manjeet Singh Balbir Singh Ahluwalia - Additional Director
- Ankitkumar Manaharlal Savsani - Director
- Piyushbhai Mansukhbhai Gambhava - Director
The latest financial statements of Worthwill Foam India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Worthwill Foam India is 24AABCW5324K1ZB, registered in Gujarat.
The CIN (Corporate Identification Number) of Worthwill Foam India is U36104GJ2014PTC079843. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Worthwill Foam India has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending.
Worthwill Foam India was incorporated on 19 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Worthwill Foam India by revenue are Asl Plastic Private Limited, KMR Kumaran Ropes Private Limited, Shivika Plastics Private Limited, Kunstoplast(India) Limited, all in the Consumer Products industry (Home Furnishings Manufacturers, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Manjeet Singh Balbir Singh Ahluwalia was appointed as Additional Director on 09 Nov 2024. Piyushbhai Mansukhbhai Gambhava was appointed as Director on 22 Jul 2023. Piyushbhai Ratilal Pan ceased to be Director on 31 Mar 2023. Worthwill Foam India has 7 board changes on record in total.
Worthwill Foam India can be reached through the website worthwill.in. Its registered office is in Rajkot, Gujarat, India.
The registered office of Worthwill Foam India is at Sr No. 302151 Village ; Bedi Kotharia Bedi Main Road, Rajkot, Gujarat, India – 363650.
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