Savit Alternative Fuels Private Limited
About Savit Alternative Fuels Private Limited
Data last updated:
Savit Alternative Fuels Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 20 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U90000GJ2018PTC104321. Its GSTIN is 24AAICB0448G1ZZ (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Bavish Environmental Solutions Private Limited. It is led by directors Ashaben Vikrambhai Desai and Vikram Maljibhai Desai.
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 2025, the company reported a revenue of ₹3.81 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹55.24 Lakh (net margin 14.5%) and EBITDA of ₹79.67 Lakh (EBITDA margin 20.9%). Revenue has grown at a compounded annual rate (CAGR) of 373% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Savit Alternative Fuels Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address308 Harmony Icon, 100 Ft. Hebatpur Road Nr. Bagban Party Plot Zydus Hospital Road, Ahmedabad, Gujarat, India – 380059
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Savit Alternative Fuels 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
Business activity
The main business activity of Savit Alternative Fuels is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Savit Alternative Fuels Private Limited, buy the company report.
Financials of Savit Alternative Fuels Private Limited
FY 2025 filings availableSavit Alternative Fuels Private Limited reported revenue of ₹3.81 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 373%. EBITDA fell 36% 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 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 | ₹79.67 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹55.24 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.9% | ||||
| Net Profit Margin | 14.5% | ||||
| 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 Savit Alternative Fuels Private Limited, buy the company report.
Board of directors of Savit Alternative Fuels Private Limited
Savit Alternative Fuels has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashaben Vikrambhai Desai | Director | 19 Mar 2022 | 4 Years 7 Months | Current |
| Vikram Maljibhai Desai Also directs: Celinova Pharma Private Limited, VPD Waste Handling Private Limited, Mumbai Eco Solutions Private Limited and 5 more | Director | 18 May 2019 | 7 Years 5 Months | Current |
Auditor
Savit Alternative Fuels Private Limited is audited by A.J. JAIN & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.J. JAIN & CO. | FY 2023 | 128963W |
Shareholding
The shareholding of Savit Alternative Fuels 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 Savit Alternative Fuels Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Savit Alternative Fuels Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Savit Alternative Fuels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Savit Alternative Fuels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICB0448G1ZZ | Gujarat | Active | 15 May 2023 |
To see the full GST registrations and return filing status of Savit Alternative Fuels Private Limited, buy the company report.
Recent activity
Savit Alternative Fuels Private Limited has 6 board changes on record since 2019: 2 appointments and 4 cessations. The latest: Ashaben Vikrambhai Desai ceased to be Additional Director on 26 Sep 2023.
Frequently asked questions
Savit Alternative Fuels is an active private limited company based in Ahmedabad, Gujarat, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 20 September 2018 (8+ years old) and is registered under CIN U90000GJ2018PTC104321.
Savit Alternative Fuels has 2 current directors:
- Ashaben Vikrambhai Desai - Director
- Vikram Maljibhai Desai - Director
The latest financial statements of Savit Alternative Fuels 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 FY 2019 are in the company report.
The GSTIN of Savit Alternative Fuels is 24AAICB0448G1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Savit Alternative Fuels is U90000GJ2018PTC104321. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Savit Alternative Fuels was incorporated on 20 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ashaben Vikrambhai Desai ceased to be Additional Director on 26 Sep 2023. Ashaben Vikrambhai Desai was appointed as Director on 19 Mar 2022. Snehal Jagdishbhai Jariwala ceased to be Director on 19 Mar 2022. Savit Alternative Fuels has 6 board changes on record in total.
The registered office of Savit Alternative Fuels is at 308 Harmony Icon, 100 Ft. Hebatpur Road Nr. Bagban Party Plot Zydus Hospital Road, Ahmedabad, Gujarat, India – 380059.
Savit Alternative Fuels operates in the environment industry, in the waste management and recycling solutions segment.
The compliance status of Savit Alternative Fuels is compliant as of 30 July 2026. The company is actively filing with the Registrar of Companies.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
