DPIIT recognised startup Government of India
Startup India
Neerain Private Limited - recycling & waste management in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.63 Cr
▲ 27% YoY
Net profit · FY 2025
₹5.92 Lakh
Net margin 2.3%
EBITDA · FY 2025
₹13.35 Lakh
EBITDA margin 5.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹41 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Neerain Private Limited
Data last updated:
Neerain Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the sanitation services segment of the recycling and waste management sector. It was incorporated on 20 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U90009GJ2018PTC101948. Its GSTIN is 24AAGCN0373E1ZT (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹41 Lakh. It is led by directors Amitkumar Kasturbhai Doshi and Naishal Bhadresh Shah.
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 A/2 Samkit Flats C H Soc Ltd Nr. Ashok Nagar Bus Stand Nava Vikas Gruh Road, Ahmedabad, Gujarat, India – 380007.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.63 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹5.92 Lakh (net margin 2.3%) and EBITDA of ₹13.35 Lakh (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 96% over three years and 122% over five years.
The company is associated with 1 brand: NeeRain.
Neerain Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0067701). For more details, the company can be reached via its website neerain.com.
Company Details of Neerain Private Limited
CIN U90009GJ2018PTC101948
Registration Number 101948
Incorporation Date 20 April 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0067701
Recognitions & Rankings of Neerain
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0067701
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA/2 Samkit Flats C H Soc Ltd Nr. Ashok Nagar Bus Stand Nava Vikas Gruh Road, Ahmedabad, Gujarat, India – 380007
- IndustryRecycling & Waste Management, Sanitation Services, Sanitation, Sewage
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Associated Brands with Neerain Private Limited
Neerain operates one associated brand: NeeRain. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Water management services are provided across various sectors in India. | neerain.com |
Business Activity of Neerain Private Limited
The main business activity of Neerain is water supply, sewerage and waste management. In detail, this covers sewerage.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E2 | Sewerage | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Neerain Private Limited FY 2025 filings available
Neerain Private Limited reported revenue of ₹2.63 Cr (up 27% YoY) for FY 2025.
Revenue · FY 2025
₹2.63 Cr ▲ 27%
Net profit · FY 2025
₹5.92 Lakh margin 2.3%
EBITDA · FY 2025
₹13.35 Lakh margin 5.1%
Compounded Annual Growth Rate (CAGR) of Neerain Private Limited
Revenue CAGR growth
1 year
▲ 27%
3 years · compounded
▲ 96%
5 years · compounded
▲ 122%
EBITDA CAGR growth
1 year
▼ 55%
3 years · compounded
▲ 74%
5 years · compounded
▲ 152%
Revenue has grown at a compounded annual rate (CAGR) of 122% over five years, including 27% growth in the latest year. EBITDA fell 55% 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 Neerain 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 | ₹13.35 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.92 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 of Neerain Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Neerain are in the company report.
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Financial statements from FY 2019
Earlier years and trend charts are in the company report.
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Board of Directors of Neerain Private Limited
Neerain has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amitkumar Kasturbhai Doshi | Director | 20 Apr 2018 | 8 Years 5 Months | Current |
| Naishal Bhadresh Shah | Director | 20 Apr 2018 | 8 Years 5 Months | Current |
Peer Comparison of Neerain Private Limited
Neerain Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Maintenance Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| BGD Engineering Private Limited | ₹2.65 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Chennai, Tamil Nadu, India |
| Cvsa Gourmet Private Limited | ₹2.64 Cr (FY 2024) | •••• | •••• | 764.0% | •••• | New Delhi, Delhi, India |
| Intellect Engineers Private Limited | ₹2.64 Cr (FY 2020) | •••• | •••• | 1.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Nissei Plastic (India) Private Limited | ₹2.64 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Gurgaon, Haryana, India |
| Aarnya Infra Services Private Limited | ₹2.64 Cr (FY 2023) | •••• | •••• | -2.0% | •••• | Kalyanpur, Uttar Pradesh, India |
| Neerain Private Limited this company | ₹2.63 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Ahmedabad, Gujarat, India |
| Sumeru (India) Private Limited | ₹2.63 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Kolkata, West Bengal, India |
| Siddharni Eco Towers Incubation and Maintenance LLP | ₹2.63 Cr (FY 2021) | •••• | •••• | -46.0% | •••• | Delhi, India |
| Ackruti Star Maintenance Private Limited | ₹2.62 Cr (FY 2023) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
| MK Safety Technologies (OPC) Private Limited | ₹2.6 Cr (FY 2025) | •••• | •••• | 223.0% | •••• | Hyderabad, Telangana, India |
| Zedvals Solutions Private Limited | ₹2.6 Cr (FY 2025) | •••• | •••• | 1411.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Neerain by revenue in the Engineering industry (Maintenance Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Neerain Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Neerain Private Limited
Neerain Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Neerain Private Limited
Employment history and EPFO contributions of people linked to Neerain.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Neerain Private Limited
Neerain Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Amitkumar Kasturbhai Doshi was appointed as Director on 20 Apr 2018.
AGM
Neerain Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Neerain Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Amitkumar Kasturbhai Doshi was appointed as Director.
Appointed
Naishal Bhadresh Shah was appointed as Director.
Incorporation
20 Apr 2018
Neerain Private Limited was registered on 20 Apr 2018 with Roc Ahmedabad & aged 8 years 6 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Neerain Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Neerain Private Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Neerain Private Limited
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Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Neerain Private Limited
Neerain has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCN0373E1ZT | Gujarat | Active | 26 Jun 2018 |
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MCA Filings & Documents of Neerain Private Limited
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Frequently Asked Questions about Neerain Private Limited
Neerain is an active private limited company based in Ahmedabad, Gujarat, India. The company works in sanitation services, within the recycling and waste management industry. It was incorporated on 20 April 2018 (8+ years old) and is registered under CIN U90009GJ2018PTC101948.
Neerain reported revenue of ₹2.63 Cr for FY 2025 (up 27% YoY).
Neerain has 2 current directors:
- Amitkumar Kasturbhai Doshi - Director
- Naishal Bhadresh Shah - Director
Neerain reported a net profit of ₹5.92 Lakh (net margin 2.3%) and EBITDA of ₹13.35 Lakh (EBITDA margin 5.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Neerain is 96% over three years and 122% over five years. In the latest year (FY 2025) revenue rose 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Neerain is 24AAGCN0373E1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Neerain is U90009GJ2018PTC101948. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neerain was incorporated on 20 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Neerain by revenue are BGD Engineering Private Limited, Cvsa Gourmet Private Limited, Intellect Engineers Private Limited, Nissei Plastic (India) Private Limited, Aarnya Infra Services Private Limited and 5 more, all in the Engineering industry (Maintenance Services).
Amitkumar Kasturbhai Doshi was appointed as Director on 20 Apr 2018. Naishal Bhadresh Shah was appointed as Director on 20 Apr 2018.
Yes, Neerain is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).