About Claris Limited
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Claris Limited is a public limited company based in Ellisbridge, Gujarat, India. It operates in the business support services segment of the business services sector. It was incorporated on 29 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U11102GJ2013PLC076631. Its GSTIN is 24AALCA9905G1ZL (Gujarat).
The company has an authorised share capital of ₹108.04 Cr and a paid-up capital of ₹102.11 Cr. It was formerly known as Abellon Clean Gas Limited and Altheon Enterprises Limited. It is led by directors including Shyamsunder Kashiram Sharma (Whole-Time Director) and Arjun Sushilkumar Handa.
Its last annual general meeting (AGM) was held on 15 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Claris Corporate Headquarters Near Parimal Railway Crossing, Ellisbridge, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.69 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹199.39 Cr and EBITDA of -₹89.84 Cr (EBITDA margin -324.5%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 39% over five years.
The company has about 66 employees on its provident fund (EPFO) records. Its group structure includes 17 subsidiaries.
The company is associated with 2 brands: Abellon CleanEnergy and Claris Injectables. As per MCA filings, the company has open charges of ₹153 Cr and satisfied charges of ₹1,126.42 Cr on record. Court records list 14 cases involving the company, including 4 filed by the company and 10 filed against it; 6 cases are 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 altheonenterprises.com.
Company details
Name history
Claris has undergone 2 name changes throughout its history. The company was previously known as Abellon Clean Gas Limited, and Altheon Enterprises Limited. The current legal name is Claris Limited.
| Company Name | Status |
|---|---|
| Claris Limited | Current |
| Abellon Clean Gas Limited | Previous |
| Altheon Enterprises Limited | Previous |
Contact details
Claris Limited's registered office is in Ellisbridge, Gujarat. Its website is altheonenterprises.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressClaris Corporate Headquarters Near Parimal Railway Crossing, Ellisbridge, Gujarat, India – 380006
- IndustryBusiness Services, Business Support Services
To see the full contact details of Claris 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
Claris operates two associated brands: Abellon CleanEnergy and Claris Injectables. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Converts urban and agricultural waste into renewable energy through projects in India. | abelloncleanenergy.com | |
| Developer of natural resource and energy projects in South Eastern Europe | clarisinj.com |
Financials of Claris Limited
FY 2024 filings availableClaris Limited reported revenue of ₹27.69 Cr (down 54% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over five years, including a 54% fall in the latest year. EBITDA fell 193% 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 |
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| EBITDA | -₹89.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹199.39 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -324.5% | ||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Claris Limited, buy the company report.
Board of directors and KMP of Claris Limited
Claris Limited currently reports 5 directors and 1 key managerial person. 18 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arjun Sushilkumar Handa Also directs: Prarishodhana Consultancy LLP, Akhilesh Venture Holdings LLP, Eldoro Infra-Tech LLP and 5 more | Director | 18 Jun 2018 | 8 Years 4 Months | Current |
| Roopesh Madan | Director | 11 Jan 2024 | 2 Years 9 Months | Current |
| Hardik Pankajkumar Dagli | Cfo | 08 Oct 2024 | 2 Years 0 Months | Current |
| Milina Purnendu Bose | Director | 25 Mar 2019 | 7 Years 6 Months | Current |
| Shyamsunder Kashiram Sharma | Whole-Time Director | 24 Feb 2021 | 5 Years 7 Months | Current |
| Amit Sureshkumar Sharma Also directs: Fortius Capital Advisers LLP | Additional Director | 27 Nov 2024 | 1 Years 10 Months | Current |
Auditor
Claris Limited is audited by Shah and Shah associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah and Shah associates | FY 2023 | 113742W |
Shareholding
The shareholding of Claris 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Claris Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Sep 2023 | 100782779 | Others | ₹150 Cr | Open | |
| 02 Nov 2021 | 100501283 | Indian Overseas Bank | ₹3 Cr | Open | |
| 07 Oct 2022 | 100625933 | Others | ₹16.8 Cr | Satisfied | |
| 31 Mar 2022 | 100559297 | Others | ₹21.5 Cr | Satisfied | |
| 12 Feb 2020 | 100328981 | Others | ₹5.8 Cr | Satisfied |
To see the full charge records of Claris Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
Claris Limited has 14 court cases on record: 4 filed by Claris, 10 filed against it. 6 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 8 | 5 |
| High courts | 4 | 1 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed against the company by an individual | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by State of Gujarat | Pending |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against an individual | Pending |
To see the full case history of Claris 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
Claris Limited has 18 MSME Form 1 returns on record between 2014 and 2024, listing 1,309 overdue payments to 91 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 91)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shah and Shah Associates | |||
| Kapadia Global Actuaries | |||
| an individual supplier | |||
| Centenary Polytex Pvt Ltd | |||
| an individual supplier |
To see the full MSME payment records of Claris Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Claris has 17 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Gandhinagar Wastefuels Limited | U37100GJ2010PLC061549 | |
| Goodwatts Ahmedabad Wastefuels Private Limited | U37100GJ2022PTC135735 | |
| Abellon Cleanenergy Limited | U40100GJ2008PLC054425 | |
| Junagadh Power Projects Private Limited | U40105GJ2008PTC115791 | |
| Abellon Goodsteps Limited | U40105GJ2019PLC107986 | |
| Bhavnagar Biomass Power Projects Private Limited | U40106GJ2008PTC107544 |
To see the full group structure of Claris Limited, buy the company report.
Employees & EPFO
Claris Limited has a workforce of 66 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Claris has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AALCA9905G1ZL | Gujarat | Active | 24 Sep 2018 |
To see the full GST registrations and return filing status of Claris Limited, buy the company report.
Recent activity
Claris Limited has 23 board changes on record since 2017: 6 appointments and 17 cessations. The latest: Kiritkumar Himatlal Kanjaria ceased to be Company Secretary on 31 Dec 2024.
50 earlier events are in the company report.
Frequently asked questions
Claris is an active public limited company based in Ellisbridge, Gujarat, India. The company works in business support services, within the business services industry. It was incorporated on 29 August 2013 (13+ years old) and is registered under CIN U11102GJ2013PLC076631.
Claris has 6 current directors and KMP:
- Shyamsunder Kashiram Sharma - Whole-Time Director
- Arjun Sushilkumar Handa - Director
- Roopesh Madan - Director
- Milina Purnendu Bose - Director
- Amit Sureshkumar Sharma - Additional Director
- Hardik Pankajkumar Dagli - Cfo
The latest financial statements of Claris on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 15 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Claris is 24AALCA9905G1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Claris is U11102GJ2013PLC076631. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Claris has 14 court cases on record: 4 filed by the company and 10 filed against it. 6 are pending. Most are in the district courts.
Claris was incorporated on 29 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kiritkumar Himatlal Kanjaria ceased to be Company Secretary on 31 Dec 2024. Roopesh Madan ceased to be Additional Director on 13 Dec 2024. Amit Sureshkumar Sharma was appointed as Additional Director on 27 Nov 2024. Claris has 23 board changes on record in total.
Claris has 18 MSME Form 1 returns on record between 2014 and 2024, listing 1,309 overdue payments to 91 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Claris can be reached through the website altheonenterprises.com. Its registered office is in Ellisbridge, Gujarat, India.
The registered office of Claris is at Claris Corporate Headquarters Near Parimal Railway Crossing, Ellisbridge, Gujarat, India – 380006.