Viram Suvarn Limited - financial services in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L46498GJ2011PLC064964 Incorporated 15 April 2011 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - BSE: 540252 Public Limited Company financial services
Data last updated
Market Cap
₹103 Cr
VSL · BSE
Share Price
₹9.58
+5.39% today
Revenue
₹24.60 Cr
FY 2025-26 · -7.1% YoY
EBITDA
₹9.51 Cr
Margin 38.7%
Net Profit
₹7.55 Cr
FY 2025-26 · +121.4% YoY
P/E (TTM)
13.7x
P/B 1.6x
ROE
17.1%
ROCE 22.4%
Authorised capital
₹51 Cr
Registered with MCA

About Viram Suvarn Limited

Data last updated:

Viram Suvarn Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 15 April 2011 and has been in existence for over 15 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L46498GJ2011PLC064964. Its GSTIN is 24AAECV7446G1Z7 (Gujarat). Its shares are listed on BSE: 540252.

The company has an authorised share capital of ₹51 Cr and a paid-up capital of ₹22.69 Cr. It was formerly known as Veeram Spiritual Energies Private Limited and Veeram T.V. Network Private Limited. It is led by directors including Mahendrabhai Ramniklal Shah (Managing Director) and Pinal Rakshitbhai 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 Orchid Park, Ahmedabad, Gujarat.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹24.6 Cr, a decline of 7.1% compared to the previous year. For the same year it recorded a net profit of ₹7.55 Cr (net margin 30.7%) and EBITDA of ₹9.51 Cr (EBITDA margin 38.7%). The net worth stands at ₹63.63 Cr (up 151.4% YoY). Total assets are valued at ₹63.63 Cr (up 151.4% YoY).

The company is associated with 1 brand: Veeram Ornaments. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 76 deals on record (75 market trades, 1 ipo); the latest was in June 2026. Its 10 peer companies in the BFSI industry (Jewellery and Gems Retail and Distribution, Other Financial Services) are compared by revenue, 5 larger and 5 smaller; the largest is Tribhuvansons Jewellers Private Limited with revenue of ₹26.57 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 veeramornaments.com.

Company Details of Viram Suvarn Limited
CIN L46498GJ2011PLC064964
Registration Number 064964
Incorporation Date 15 April 2011
ROC Ahmedabad
Listing Status Listed (BSE: 540252)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

Name History of Viram Suvarn Limited

Viram Suvarn has undergone 5 name changes throughout its history. The current legal name is Viram Suvarn Limited.

Company NameStatus
Viram Suvarn LimitedCurrent
Veeram Spiritual Energies Private LimitedPrevious
Veeram T.V. Network Private LimitedPrevious
Veeram Ornaments Private LimitedPrevious
Veeram Ornaments LimitedPrevious

CIN History of Viram Suvarn Limited

Viram Suvarn has 6 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L46498GJ2011PLC064964, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L46498GJ2011PLC064964Current
U92100GJ2011PTC064964Previous
U74110GJ2011PTC064964Previous
L65100GJ2011PLC064964Previous
U93000GJ2011PTC064964Previous
L74110GJ2011PLC064964Previous
U74110GJ2011PLC064964Previous
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    Ground & First Floor 7 Natvarshyam Co Op Ho S Ld Opp. Orchid Park Ramdevnagar Road Satt, Elite, Ahmedabad, Gujarat, India – 380051
  • Industry
    Financial Services, Diversified Financial Services
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Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Viram Suvarn Limited

Viram Suvarn operates one associated brand: Veeram Ornaments. Each brand links to its own profile.

BrandDescriptionWebsite
Travel insights and experiences are shared via a blog.veeramornaments.com

Business Activity of Viram Suvarn Limited

The main business activity of Viram Suvarn is trade. In detail, this covers wholesale trading.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
GTradeG1Wholesale TradingLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
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Financials of Viram Suvarn Limited FY 2025-26 filings available

Viram Suvarn Limited reported revenue of ₹24.6 Cr (down 7.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹24.60 Cr
-7.1% YoY
EBITDA
₹9.51 Cr
+110.4% YoY
Profit After Tax
₹7.55 Cr
+121.4% YoY
Net Worth
₹63.63 Cr
+151.4% YoY
Total Assets
₹63.63 Cr
+151.4% YoY
Total Debt
Nil

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue24.6026.4819.3318.6818.7420.5219.96
Revenue growth-7.1%+37.0%+3.5%-0.3%-8.7%+2.8%-
EBITDA9.514.523.132.202.742.090.40
EBITDA margin+38.7%+17.1%+16.2%+11.8%+14.6%+10.2%+2.0%
Profit before tax9.934.513.302.324.483.631.41
Net profit7.553.412.331.663.982.941.11
Net profit margin+30.7%+12.9%+12.1%+8.9%+21.2%+14.3%+5.6%
EPS (₹)0.670.450.331.183.952.902.54
Balance sheet
Total assets63.6325.3122.0619.6018.3814.3711.50
Net worth63.6325.3122.0619.6018.3814.3811.50
Total debt0.000.000.000.000.000.000.00
Cash & bank0.140.240.280.210.081.802.38
Net working capital36.1612.1111.078.597.6911.612.78
Cash flow
Cash from operations(21.96)2.38(0.12)0.593.92(9.68)0.96
Cash from investing(8.89)(2.25)0.19(0.46)(5.63)9.19(3.72)
Cash from financing30.75(0.17)0.000.000.00(0.09)(0.74)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4.355.327.526.485.286.553.715.21
Revenue growth (YoY)-17.6%-18.8%+102.7%+24.4%-35.4%---
Other income3.170.170.250.000.001.470.310.62
Total expenses5.823.343.944.333.476.653.094.92
EBITDA(1.47)1.983.582.151.81(0.10)0.620.29
EBITDA margin-33.8%+37.2%+47.6%+33.2%+34.3%-1.5%+16.7%+5.6%
Depreciation0.000.000.000.000.000.010.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax1.702.153.832.151.811.360.930.91
Tax0.260.760.650.550.400.400.200.20

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 19 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4.355.327.526.485.286.553.715.21
Revenue growth (YoY)-17.6%-18.8%+102.7%+24.4%-35.4%---
Other income3.170.170.250.000.001.470.310.62
Total expenses5.823.343.944.333.476.653.094.92
EBITDA(1.47)1.983.582.151.81(0.10)0.620.29
EBITDA margin-33.8%+37.2%+47.6%+33.2%+34.3%-1.5%+16.7%+5.6%
Depreciation0.000.000.000.000.000.010.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax1.702.153.832.151.811.360.930.91
Tax0.260.760.650.550.400.400.200.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue24.6026.4819.3318.6818.7420.5219.96
Revenue growth-7.1%+37.0%+3.5%-0.3%-8.7%+2.8%-
Other income0.420.000.190.171.771.711.07
Total expenses15.0921.9616.2016.4816.0018.4319.56
Employee cost0.120.250.100.150.170.120.08
EBITDA9.514.523.132.202.742.090.40
EBITDA margin+38.7%+17.1%+16.2%+11.8%+14.6%+10.2%+2.0%
Depreciation0.000.010.020.050.030.140.06
Interest0.000.000.000.000.000.030.00
Profit before tax9.934.513.302.324.483.631.41
Tax2.361.100.830.530.500.690.30
Net profit7.553.412.331.663.982.941.11
Net profit margin+30.7%+12.9%+12.1%+8.9%+21.2%+14.3%+5.6%
EPS (₹)0.670.450.331.183.952.902.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital22.6915.1315.1315.1310.0910.094.31
Reserves & surplus40.9410.186.934.478.294.297.19
Shareholders' funds (net worth)63.6325.3122.0619.6018.3814.3811.50
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.000.000.000.000.000.000.00
Total debt0.000.000.000.000.000.000.00
Total liabilities63.6325.3122.0619.6018.3814.3711.50
Assets
Gross block11.5511.5511.3011.3010.652.505.41
Net block11.2111.2110.9710.9910.392.275.32
Capital work in progress0.000.000.000.000.000.000.00
Investments16.292.000.000.000.290.493.41
Inventories31.939.778.628.847.446.968.09
Sundry debtors0.000.000.000.000.000.000.36
Cash & bank balances0.140.240.280.210.081.802.38
Loans & advances6.273.883.100.290.263.571.38
Total current assets38.3413.8912.009.347.7812.3312.21
Total current liabilities2.181.780.930.750.090.729.43
Net working capital36.1612.1111.078.597.6911.612.78
Total assets63.6325.3122.0619.6018.3814.3711.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.240.280.210.081.802.385.87
Net cash from operating activities(21.96)2.38(0.12)0.593.92(9.68)0.96
Net cash from investing activities(8.89)(2.25)0.19(0.46)(5.63)9.19(3.72)
Net cash from financing activities30.75(0.17)0.000.000.00(0.09)(0.74)
Net change in cash(0.10)(0.04)0.070.12(1.71)(0.58)(3.50)
Closing cash0.140.240.280.210.081.802.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-7.1%+37.0%+3.5%-0.3%-8.7%+2.8%-
EBITDA growth+110.4%+44.4%+42.3%-19.7%+31.1%+422.5%-
PBT growth+120.2%+36.7%+42.2%-48.2%+23.4%+157.5%+243.9%
Net income growth+121.4%+46.4%+40.4%-58.3%+35.4%+164.9%-
Revenue CAGR (3Y)+9.6%+12.2%-2.0%-2.2%+6.5%-9.6%+39.1%
EBITDA CAGR (3Y)+62.9%+18.2%+14.4%+76.5%+116.5%+38.3%+14.0%
Profitability & leverage
Net income margin+30.8%+12.9%+12.8%+9.6%+21.2%+14.3%+5.6%
Return on capital employed+22.4%+19.0%+15.8%+12.2%+27.4%+28.2%+12.3%
Return on net worth+17.1%+14.4%+11.8%+9.4%+24.4%+22.6%+10.0%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover0.000.000.000.000.001.540.00
Efficiency & per share
Fixed asset turnover2.132.321.711.702.855.197.31
Inventory turnover1.182.882.212.292.602.732.68
Debtors turnover0.000.000.000.000.00114.00110.89
EPS (₹)0.670.450.331.183.952.902.54
Dividend per share (₹)0.000.050.000.000.000.000.00
Book value per share (₹)5.613.352.9212.9618.2214.2526.68
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Board of Directors of Viram Suvarn Limited

Viram Suvarn has 5 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mahendrabhai Ramniklal ShahManaging Director20 Jun 201610 Years 3 MonthsCurrent
Pinal Rakshitbhai ShahDirector03 Feb 201412 Years 8 MonthsCurrent
Rakshit Mahendra ShahDirector19 Apr 20179 Years 6 MonthsCurrent
Sanjay Chunilal VibhakarDirector21 Jun 20215 Years 3 MonthsCurrent
Manoharbhai Bharatbhai ChunaraDirector01 Oct 20224 Years 0 MonthsCurrent

Peer Comparison of Viram Suvarn Limited

Viram Suvarn Limited is compared with the companies closest to it by revenue in the BFSI industry (Jewellery and Gems Retail and Distribution, Other Financial Services). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Tribhuvansons Jewellers Private Limited₹26.57 Cr (FY 2024)••••••••5.0%••••Ranchi, Jharkhand, India
Salasar Diam Private Limited₹26.57 Cr (FY 2025)••••••••1010.0%••••Surat, Gujarat, India
Starley Business Services Private Limited₹26.56 Cr (FY 2025)••••••••955.0%••••Ghaziabad, Uttar Pradesh, India
Novel Apartments Private Limited₹26.53 Cr (FY 2025)••••••••-26.0%••••Kolkata, West Bengal, India
Arkay Global Business Solutions Private Limited₹26.53 Cr (FY 2025)••••••••1416.0%••••New Delhi, Delhi, India
Standard Woolens Private Limited₹26.48 Cr (FY 2025)••••••••56.0%••••New Delhi, Delhi, India
Shivaji Ramchandra Pawar (Jewelers) Private Limited₹26.46 Cr (FY 2025)••••••••15.0%••••Malegaon, Maharashtra, India
Dev Finvest Advisory Services Private Limited₹26.44 Cr (FY 2024)••••••••2.0%••••New Delhi, Delhi, India
K.S. Organic Private Limited₹26.4 Cr (FY 2025)••••••••-15.0%••••Indore, Madhya Pradesh, India
Sandeep Stocks Private Limited₹26.34 Cr (FY 2025)••••••••-10.0%••••Jaipur, Rajasthan, India
Viram Suvarn Limited this company₹24.6 Cr (FY 2026)••••••••-7.1%••••Ahmedabad, Gujarat, India

Peers are the five companies nearest above and the five nearest below Viram Suvarn by revenue in the BFSI industry (Jewellery and Gems Retail and Distribution, Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Charges & Borrowings of Viram Suvarn Limited

Viram Suvarn Limited does not have any charges (loans) registered with the Registrar of Companies.

Deals & Funding of Viram Suvarn Limited

Viram Suvarn Limited has 76 deals on record (75 market trades, 1 ipo); the latest was in June 2026.

Total deals
76
Market trades
75
IPO
1

Deals on record (5 of 76)

WhenDealAmountParties
Sep 2024Market trade₹1 CrSeller: Vivid Mercantile Limited
Sep 2024Market trade₹2.69 CrBuyer: Riddhi Traders, NK Securities Research Private Limited
Seller: Vivid Mercantile Limited , Riddhi Traders, NK Securities Research Private Limited
Sep 2024Market trade₹1.98 CrBuyer: Vivid Mercantile Limited , an individual
Seller: Vivid Mercantile Limited , an individual
Nov 2023Market trade₹96.9 LakhSeller: Vivid Mercantile Limited
Oct 2023Market trade₹1.62 CrBuyer: an individual
Seller: Vivid Mercantile Limited , an individual
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Full deal history

All 76 deals with amounts, valuations, instruments and every party are in the company report.

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Viram Suvarn Limited

Employment history and EPFO contributions of people linked to Viram Suvarn.

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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 Viram Suvarn Limited

Viram Suvarn Limited has 32 board changes on record since 2011: 19 appointments and 13 cessations. The latest: Jyoti Goel ceased to be Company Secretary on 20 Apr 2024.

AGM
Viram Suvarn Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Viram Suvarn Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Jyoti Goel ceased to be Company Secretary.
Ceased
Girdharilal Pamnani ceased to be Director.
Appointed
Jyoti Goel was appointed as Company Secretary.
Ceased
Umeshbhai Rasiklal Gor ceased to be Director.
Ceased
Nimisha Rajesh Sharma ceased to be Company Secretary.
Appointed
Manoharbhai Bharatbhai Chunara was appointed as Director.
Ceased
Virendra Mahasuklal Thaker ceased to be Director.
Appointed
Umeshbhai Rasiklal Gor was appointed as Director.
Appointed
Girdharilal Pamnani was appointed as Director.
Appointed
Nimisha Rajesh Sharma was appointed as Company Secretary.

23 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Viram Suvarn Limited

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Credit ratings, litigation, and regulatory alerts

Credit ratings, court records and regulatory alerts are in the company report.

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MSME Payment Delays by Viram Suvarn Limited

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MSME payment history

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 Viram Suvarn Limited

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Corporate group structure

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

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GST Compliance of Viram Suvarn Limited

Viram Suvarn has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAECV7446G1Z7GujaratActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Viram Suvarn Limited

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MCA filings and documents

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

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Frequently Asked Questions about Viram Suvarn Limited

Viram Suvarn is an active public limited company based in Ahmedabad, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 15 April 2011 (15+ years old) and is registered under CIN L46498GJ2011PLC064964. Listed on BSE: 540252.

Viram Suvarn reported revenue of ₹24.6 Cr for FY 2025-26 (down 7.1% YoY) based on standalone financials.

Viram Suvarn has 5 current directors:

The GSTIN of Viram Suvarn is 24AAECV7446G1Z7, registered in Gujarat.

The CIN (Corporate Identification Number) of Viram Suvarn is L46498GJ2011PLC064964. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Viram Suvarn is listed on BSE with code 540252.

Viram Suvarn has 1 court case on record: 1 filed by the company. 1 is pending.

Viram Suvarn was incorporated on 15 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Viram Suvarn has 76 deals on record (75 market trades, 1 ipo); the latest was in June 2026.

The peers of Viram Suvarn by revenue are Tribhuvansons Jewellers Private Limited, Salasar Diam Private Limited, Starley Business Services Private Limited, Novel Apartments Private Limited, Arkay Global Business Solutions Private Limited and 5 more, all in the BFSI industry (Jewellery and Gems Retail and Distribution, Other Financial Services).

Jyoti Goel ceased to be Company Secretary on 20 Apr 2024. Girdharilal Pamnani ceased to be Director on 13 Mar 2024. Jyoti Goel was appointed as Company Secretary on 13 Mar 2024. Viram Suvarn has 32 board changes on record in total.

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