MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0013531
Charnet Private Limited
Charnet Private Limited - construction in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹57,933
▼ 89% YoY
Net loss · FY 2024
₹2.85 Lakh
Net margin -492.3%
EBITDA · FY 2024
-₹2.2 Lakh
EBITDA margin -380.5%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹11.5 Lakh
Issued & subscribed
Company age
33 yrs
Est. 1993
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Charnet Private Limited
Data last updated:
Charnet Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the roads segment of the construction sector. It was incorporated on 19 January 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74110GJ1993PTC018838. Its GSTIN is 24AABCH1676F1ZU (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹11.5 Lakh. It was formerly known as Highway Safety Systems Private Limited. It is led by directors Ajay Jashubhai Patel and Patel Utsav Jayeshkumar.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹57,933, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹2.85 Lakh (net margin -492.3%) and EBITDA of -₹2.2 Lakh (EBITDA margin -380.5%). Revenue has declined at a compounded annual rate (CAGR) of 46% over five years.
Court records list 4 cases involving the company, including 4 filed by the company; 1 case is pending.
Charnet Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0013531). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74110GJ1993PTC018838
Registration Number 018838
Incorporation Date 19 January 1993
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 Micro
Udyam Registration UDYAM-GJ-01-0013531
CIN history
Charnet has one previous CIN (Corporate Identification Number): U29199GJ1993PTC018838. The current CIN is U74110GJ1993PTC018838, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110GJ1993PTC018838 | Current |
| U29199GJ1993PTC018838 | Previous |
Recognitions & Rankings of Charnet
Contact details
Charnet Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address102 Shanay – 1 Nr. Ramkrishnakunj Opp. Shivalik Complex Dr. Vikramsarabhai Road Ama A, Tira, Ahmedabad, Gujarat, India – 380015
- IndustryConstruction, Roads, Railways, Utility Projects
To see the full contact details of Charnet Private Limited, buy the company report.
Comprehensive company report
Charnet 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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Financials of Charnet Private Limited
FY 2025 filings availableCharnet Private Limited reported revenue of ₹57,933 (down 89% YoY) for FY 2024.
Revenue · FY 2024
₹57,933 ▼ 89%
Net loss · FY 2024
₹2.85 Lakh margin -492.3%
EBITDA · FY 2024
-₹2.2 Lakh margin -380.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 89%
5 years · compounded
▼ 46%
EBITDA CAGR growth
3 years · compounded
▼ 9%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 46% over five years, including a 89% fall 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 |
|---|---|---|---|---|---|
| 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 | -₹2.2 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.85 Lakh | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -380.5% | ||||
| Net Profit Margin | -492.3% | ||||
| 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 Charnet Private Limited, buy the company report.
Board of directors of Charnet Private Limited
Charnet has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Jashubhai Patel Also directs: Ameya Infrascapes LLP, Ameya Engineering Limited, Daissun Highway Appurtenances Private Limited and 2 more | Director | 13 Sep 2002 | 24 Years 1 Months | Current |
| Patel Utsav Jayeshkumar | Director | 20 Feb 2010 | 16 Years 8 Months | Current |
Peer comparison
Charnet Private Limited is compared with the 10 companies closest to it by revenue in the Transport and Logistics industry (Cold Storage and Warehousing, Infrastructure Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shukul Engineering Private Limited | ₹59,523 (FY 2024) | 309.0% | Indore, Madhya Pradesh, India | |||
| KPS Cold Storage and Ice Plant Private Limited | ₹59,166 (FY 2019) | -86.0% | Tamil Nadu, India | |||
| Shree Gungara Balaji Buildcon (I) Private Limited | ₹59,165 (FY 2025) | Amravati, Maharashtra, India | ||||
| A V George and Co India Pvt Ltd | ₹58,600 (FY 2022) | 75.0% | Kottayam, Kerala, India | |||
| Sharp Integrated Food Park Limited | ₹58,160 (FY 2022) | 2.0% | Delhi, India | |||
| Charnet Private Limitedthis company | ₹57,933 (FY 2024) | -₹2.85 Lakh | -492.3% | -89.0% | Ahmedabad, Gujarat, India | |
| Octavius Infralogistics Private Limited | ₹57,700 (FY 2020) | 68.0% | Kolkata, West Bengal, India | |||
| King Propex Ventures Limited | ₹57,604 (FY 2025) | -30.0% | Tuticorin, Tamil Nadu, India | |||
| Raw Freeze Private Limited | ₹56,048 (FY 2024) | -100.0% | Agra, Uttar Pradesh, India | |||
| Tirumalla India Storehouse Private Limited | ₹55,640 (FY 2022) | -10.0% | Panvel, Maharashtra, India | |||
| Shikhar Infrahome Private Limited | ₹55,160 (FY 2023) | -40.0% | Delhi, India |
To see the full peer comparison of Charnet Private Limited, buy the company report.
Auditor
Charnet Private Limited is audited by ALPA BHAVESH SHAH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ALPA BHAVESH SHAH & CO | FY 2019 | 119716W |
Shareholding
The shareholding of Charnet Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Charnet Private Limited, buy the company report.
Legal cases
Charnet Private Limited has 4 court cases on record: 4 filed by Charnet. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
4
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against N. G. Project Ltd. and 3 others | Pending |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against N. G. Project Ltd. | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against The Deputy Collector | Disposed |
To see the full case history of Charnet 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 Charnet Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Charnet has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCH1676F1ZU | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Charnet Private Limited, buy the company report.
Recent activity
Charnet Private Limited has 5 board changes on record since 2002: 2 appointments and 3 cessations. The latest: Anand Anilbhai Patel ceased to be Additional Director on 31 Mar 2010.
AGM
Charnet Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Charnet Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Anand Anilbhai Patel ceased to be Additional Director.
Appointed
Patel Utsav Jayeshkumar was appointed as Director.
Ceased
Patel Utsav Jayeshkumar ceased to be Additional Director.
Ceased
Rashamikant Haribhai Patel ceased to be Director.
Appointed
Ajay Jashubhai Patel was appointed as Director.
Incorporation
19 Jan 1993
Charnet Private Limited was registered on 19 Jan 1993 with Roc Ahmedabad & aged 33 years 9 months as per MCA records.
Frequently asked questions
Charnet is an active private limited company based in Ahmedabad, Gujarat, India. The company works in roads, within the construction industry. It was incorporated on 19 January 1993 (33+ years old) and is registered under CIN U74110GJ1993PTC018838.
Charnet has 2 current directors:
- Ajay Jashubhai Patel - Director
- Patel Utsav Jayeshkumar - Director
The latest financial statements of Charnet 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 Charnet is 24AABCH1676F1ZU, registered in Gujarat.
The CIN (Corporate Identification Number) of Charnet is U74110GJ1993PTC018838. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Charnet has 4 court cases on record: 4 filed by the company. 1 is pending. Most are in the district courts.
Charnet was incorporated on 19 January 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Charnet by revenue are Shukul Engineering Private Limited, KPS Cold Storage and Ice Plant Private Limited, Shree Gungara Balaji Buildcon (I) Private Limited, A V George and Co India Pvt Ltd, Sharp Integrated Food Park Limited and 5 more, all in the Transport and Logistics industry (Cold Storage and Warehousing, Infrastructure Services).
Anand Anilbhai Patel ceased to be Additional Director on 31 Mar 2010. Patel Utsav Jayeshkumar was appointed as Director on 20 Feb 2010. Patel Utsav Jayeshkumar ceased to be Additional Director on 20 Feb 2010. Charnet has 5 board changes on record in total.
Yes, Charnet is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0013531).
The registered office of Charnet is at 102 Shanay – 1 Nr. Ramkrishnakunj Opp. Shivalik Complex Dr. Vikramsarabhai Road Ama A, Tira, Ahmedabad, Gujarat, India – 380015.