MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-20-0032178
Comrade Developers Private Limited
Comrade Developers Private Limited - food and beverages in Porbandar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹17.69 Cr
▲ 17% YoY
Net profit · FY 2024
₹4.1 Lakh
Net margin 0.2%
EBITDA · FY 2024
₹69.64 Lakh
EBITDA margin 3.9%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹2.5 Cr
Issued & subscribed
Open charges
₹7.65 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
4
As per MCA filings
About Comrade Developers Private Limited
Data last updated:
Comrade Developers Private Limited is a private limited company based in Porbandar, Gujarat, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 09 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45309GJ2019PTC109840. Its GSTIN is 24AAICC3701H1Z2 (Gujarat).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.5 Cr. It is led by directors including Vijay Khimanand Odedra and Darshan Harishbhai Keshwala.
Its last annual general meeting (AGM) was held on 28 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Narsang Tekri Nr Rajiv Nagar Gate Madhvani College Service Road, Porbandar, Gujarat, India – 360577.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.69 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹4.1 Lakh (net margin 0.2%) and EBITDA of ₹69.64 Lakh (EBITDA margin 3.9%).
As per MCA filings, the company has open charges of ₹7.65 Cr on record. The company has 1 deal on record (1 rights issue); the latest was in September 2021. Its 10 peer companies in the Food and Beverages industry (Edible Oils, Staple Foods) are compared by revenue, 5 larger and 5 smaller; the largest is Saiteja Solvent and Food Products Industries Private Limited with revenue of ₹17.77 Cr.
Comrade Developers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0032178).
Company Details of Comrade Developers Private Limited
CIN U45309GJ2019PTC109840
Registration Number 109840
Incorporation Date 09 September 2019
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-GJ-20-0032178
Key People
Vijay Khimanand Odedra Director Darshan Harishbhai Keshwala Director Vanraj Rajashi Odedra Director Recognitions & Rankings of Comrade Developers
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNarsang Tekri Nr Rajiv Nagar Gate Madhvani College Service Road, Porbandar, Gujarat, India – 360577
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
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Business Activity of Comrade Developers Private Limited
The main business activity of Comrade Developers is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
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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 Comrade Developers Private Limited FY 2025 filings available
Comrade Developers Private Limited reported revenue of ₹17.69 Cr (up 17% YoY) for FY 2024.
Revenue · FY 2024
₹17.69 Cr ▲ 17%
Net profit · FY 2024
₹4.1 Lakh margin 0.2%
EBITDA · FY 2024
₹69.64 Lakh margin 3.9%
Compounded Annual Growth Rate (CAGR) of Comrade Developers Private Limited
Revenue CAGR growth
1 year
▲ 17%
EBITDA CAGR growth
1 year
▲ 15%
Revenue rose 17% in the latest year. EBITDA rose 15% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Comrade Developers Private Limited
| 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 | ₹69.64 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.1 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 Comrade Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 Comrade Developers are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Comrade Developers Private Limited
Comrade Developers has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Khimanand Odedra | Director | 09 Sep 2019 | 7 Years 1 Months | Current |
| Darshan Harishbhai Keshwala | Director | 09 Sep 2019 | 7 Years 1 Months | Current |
| Vanraj Rajashi Odedra Also directs: Gangotari Dairy Products Private Limited, Bahariya Builders LLP, Bahariya Food LLP and 5 more | Director | 09 Sep 2019 | 7 Years 1 Months | Current |
| Kishor Rajshi Odedra Also directs: Gangotari Dairy Products Private Limited, Bahariya Builders LLP, Bahariya Food LLP and 5 more | Director | 09 Sep 2019 | 7 Years 1 Months | Current |
Peer Comparison of Comrade Developers Private Limited
Comrade Developers Private Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Edible Oils, Staple Foods). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Saiteja Solvent and Food Products Industries Private Limited | ₹17.77 Cr (FY 2025) | •••• | •••• | -66.0% | •••• | Miryalaguda, Telangana, India |
| Sharp Corp Limited | ₹17.75 Cr (FY 2025) | •••• | •••• | -91.0% | •••• | Delhi, India |
| Alia Rice Mill Private Limited | ₹17.75 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Paschim Medinipur, West Bengal, India |
| Saran Roller Flour Mills Private Limited | ₹17.74 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Town Chapra, Bihar, India |
| PGSD Agro Industries Private Limited | ₹17.7 Cr (FY 2020) | •••• | •••• | -11.0% | •••• | Gorakhpur, Uttar Pradesh, India |
| Comrade Developers Private Limited this company | ₹17.69 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Porbandar, Gujarat, India |
| Shriniwasa Proteins Private Limited | ₹17.69 Cr (FY 2022) | •••• | •••• | 1900.0% | •••• | Jalna, Maharashtra, India |
| Ausha Rice Mill Private Limited | ₹17.67 Cr (FY 2019) | •••• | •••• | 9.0% | •••• | Memari, West Bengal, India |
| J J Oil Industries Private Limited | ₹17.65 Cr (FY 2023) | •••• | •••• | 68.0% | •••• | Jalna, Maharashtra, India |
| Shivsakti Flour Mills Private Limited | ₹17.65 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Tinsukia, Assam, India |
| Mahadev Krishan Agro Private Limited | ₹17.64 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Comrade Developers by revenue in the Food and Beverages industry (Edible Oils, Staple Foods), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Comrade Developers Private Limited
Comrade Developers Private Limited is audited by SARDA & SARDA for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SARDA & SARDA | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Comrade Developers Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Comrade Developers Private Limited
Open charges
₹7.65 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Sep 2021 | State Bank of India | ₹7.65 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Comrade Developers Private Limited
Comrade Developers Private Limited has 1 deal on record (1 rights issue); the latest was in September 2021.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Rights issue | ₹1.78 Cr | Investors: 4 individuals |
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Full deal history
All 1 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 Comrade Developers Private Limited
Employment history and EPFO contributions of people linked to Comrade Developers.
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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 Comrade Developers Private Limited
Comrade Developers Private Limited has 4 board changes on record since 2019: 4 appointments. The latest: Darshan Harishbhai Keshwala was appointed as Director on 09 Sep 2019.
AGM
Comrade Developers Private Limited last Annual general meeting of members was held on 28 Sep 2025 as per latest MCA records.
Filing
Comrade Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with State Bank Of India amounted to Rs. 7.65 Cr with Charge ID 100484486 was registered on 08 Sep 2021.
Appointed
Darshan Harishbhai Keshwala was appointed as Director.
Appointed
Kishor Rajshi Odedra was appointed as Director.
Appointed
Vanraj Rajashi Odedra was appointed as Director.
Appointed
Vijay Khimanand Odedra was appointed as Director.
Incorporation
09 Sep 2019
Comrade Developers Private Limited was registered on 09 Sep 2019 with Roc Ahmedabad & aged 7 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Comrade Developers Private Limited
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MSME Payment Delays by Comrade Developers Private Limited
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Subsidiaries & Group Companies of Comrade Developers Private Limited
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Corporate group structure
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GST Compliance of Comrade Developers Private Limited
Comrade Developers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICC3701H1Z2 | Gujarat | Active | 07 Apr 2021 |
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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 Comrade Developers Private Limited
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Frequently Asked Questions about Comrade Developers Private Limited
Comrade Developers is an active private limited company based in Porbandar, Gujarat, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 09 September 2019 (7+ years old) and is registered under CIN U45309GJ2019PTC109840.
Comrade Developers reported revenue of ₹17.69 Cr for FY 2024 (up 17% YoY).
Comrade Developers has 4 current directors:
- Vijay Khimanand Odedra - Director
- Darshan Harishbhai Keshwala - Director
- Vanraj Rajashi Odedra - Director
- Kishor Rajshi Odedra - Director
Comrade Developers reported a net profit of ₹4.1 Lakh (net margin 0.2%) and EBITDA of ₹69.64 Lakh (EBITDA margin 3.9%) for FY 2024, as per its filed financial statements.
The GSTIN of Comrade Developers is 24AAICC3701H1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of Comrade Developers is U45309GJ2019PTC109840. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Comrade Developers was incorporated on 09 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Comrade Developers has 1 deal on record (1 rights issue); the latest was in September 2021.
The peers of Comrade Developers by revenue are Saiteja Solvent and Food Products Industries Private Limited, Sharp Corp Limited, Alia Rice Mill Private Limited, Saran Roller Flour Mills Private Limited, PGSD Agro Industries Private Limited and 5 more, all in the Food and Beverages industry (Edible Oils, Staple Foods).
Darshan Harishbhai Keshwala was appointed as Director on 09 Sep 2019. Kishor Rajshi Odedra was appointed as Director on 09 Sep 2019. Vanraj Rajashi Odedra was appointed as Director on 09 Sep 2019. Comrade Developers has 4 board changes on record in total.
Yes, Comrade Developers is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-20-0032178).