Ganeshvani Merchandise Private Limited
About Ganeshvani Merchandise Private Limited
Data last updated:
Ganeshvani Merchandise Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Maif Investments India Pte Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 07 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2010PTC103152. Its GSTIN is 24AAECG0024H1Z8 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bharat Rathi and Venkata Ram Mohan.
Its last annual general meeting (AGM) was held on 24 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 ₹5.51 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹1.72 Cr (net margin -31.3%) and EBITDA of ₹4.53 Cr (EBITDA margin 82.3%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹10.65 Cr and satisfied charges of ₹69.63 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Ganeshvani Merchandise has one previous CIN (Corporate Identification Number): U51909WB2010PTC153869. The current CIN is U51909GJ2010PTC103152, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909GJ2010PTC103152 | Current |
| U51909WB2010PTC153869 | Previous |
Contact details
Ganeshvani Merchandise Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address906 – 907 Indraprasth Corporate Opp. Venus Atlantis 100 Ft. Road Prahl, Adnagar, Ahmedabad, Gujarat, India – 380015
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Ganeshvani Merchandise 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 Ganeshvani Merchandise is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Ganeshvani Merchandise Private Limited, buy the company report.
Financials of Ganeshvani Merchandise Private Limited
FY 2025 filings availableGaneshvani Merchandise Private Limited reported revenue of ₹5.51 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 5% 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 | ₹4.53 Cr | ||||
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| Net Profit (PAT) | -₹1.72 Cr | ||||
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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 | 82.3% | ||||
| Net Profit Margin | -31.3% | ||||
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To see the full financial statements and ratios of Ganeshvani Merchandise Private Limited, buy the company report.
Board of directors of Ganeshvani Merchandise Private Limited
Ganeshvani Merchandise has 2 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkata Ram Mohan Also directs: Hiraco Renewable Energy Private Limited, Ujjawala Power Private Limited, CBC Solar Technologies Private Limited and 5 more | Nominee Director | 21 Mar 2025 | 1 Years 7 Months | Current |
| Bharat Rathi Also directs: Solitaire Energies Limited, Responsive Sutip Limited, Hiraco Renewable Energy Private Limited and 5 more | Director | 12 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Ganeshvani Merchandise Private Limited is compared with the 6 companies closest to it by revenue in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Clean Max Power 4 Private Limited | ₹5.55 Cr (FY 2025) | 127.0% | Mumbai, Maharashtra, India | |||
| Manyah Energy Private Limited | ₹5.54 Cr (FY 2024) | 132.0% | Ahmedabad, Gujarat, India | |||
| Clover Solar Private Limited | ₹5.52 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| Ganeshvani Merchandise Private Limitedthis company | ₹5.51 Cr (FY 2025) | -₹1.72 Cr | -31.3% | 10.0% | Ahmedabad, Gujarat, India | |
| Suryataap Energies and Infrastructure Private Limited | ₹5.5 Cr (FY 2025) | -2.0% | Sonitpur, Assam, India | |||
| Sun N Wind Renewables Private Limited | ₹5.48 Cr (FY 2024) | 34.0% | Pune, Maharashtra, India | |||
| Ganges Enterprises Private Limited | ₹5.48 Cr (FY 2025) | 5.0% | Akola, Maharashtra, India |
To see the full peer comparison of Ganeshvani Merchandise Private Limited, buy the company report.
Auditor
Ganeshvani Merchandise Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2021 | 001076N/N500013 |
Shareholding
The shareholding of Ganeshvani Merchandise Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ganeshvani Merchandise Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2025 | 101154047 | Sbicap Trustee Company Limited | ₹10.65 Cr | Open | |
| 16 Jun 2017 | 100126358 | Sbicap Trustee Company Limited | ₹30.01 Cr | Satisfied | |
| 02 Aug 2012 | 10368652 | Rural Electrification Corporation Limited | ₹39.62 Cr | Satisfied |
To see the full charge records of Ganeshvani Merchandise Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Ganeshvani Merchandise Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 2 | 2 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Moser Baer Energy Development Ltd(Now Porbandar Solar Power Ltd) Through Its Authorised Signatory Manish Verma Through Its Authorised Signatory Manish Verma 235, Okhla Industrial Estate, Phase III, New Delhi , District: New Delhi ,New Delhi , Delhi | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Gujarat Urja Vikas Nigam Limited General Manager (Com) General Manager (Com) Sardar Patel Vidyut Bhavan, Race Course , District: Vadodara ,Vadodara , Gujarat | Pending |
To see the full case history of Ganeshvani Merchandise Private 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.
Credit ratings & regulatory alerts
Ganeshvani Merchandise Private Limited was last rated by Crisil on 19 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Mar 2020 |
To see the full credit ratings and regulatory alerts of Ganeshvani Merchandise Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ganeshvani Merchandise Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ganeshvani Merchandise has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECG0024H1Z8 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ganeshvani Merchandise Private Limited, buy the company report.
Recent activity
Ganeshvani Merchandise Private Limited has 19 board changes on record since 2010: 2 appointments and 17 cessations. The latest: Nirad Vijay Deshpande ceased to be Nominee Director on 21 Mar 2025.
17 earlier events are in the company report.
Frequently asked questions
Ganeshvani Merchandise is an active private limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 07 October 2010 (16+ years old) and is registered under CIN U51909GJ2010PTC103152.
Ganeshvani Merchandise has 2 current directors:
- Venkata Ram Mohan - Nominee Director
- Bharat Rathi - Director
The latest financial statements of Ganeshvani Merchandise on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ganeshvani Merchandise is 24AAECG0024H1Z8, registered in Gujarat.
The CIN (Corporate Identification Number) of Ganeshvani Merchandise is U51909GJ2010PTC103152. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ganeshvani Merchandise has 2 court cases on record: 2 filed against it. 2 are pending.
Ganeshvani Merchandise was incorporated on 07 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ganeshvani Merchandise by revenue are Clean Max Power 4 Private Limited, Manyah Energy Private Limited, Clover Solar Private Limited, Suryataap Energies and Infrastructure Private Limited, Sun N Wind Renewables Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Nirad Vijay Deshpande ceased to be Nominee Director on 21 Mar 2025. Venkata Ram Mohan was appointed as Nominee Director on 21 Mar 2025. Tejinder Singh ceased to be Nominee Director on 05 Nov 2022. Ganeshvani Merchandise has 19 board changes on record in total.
The registered office of Ganeshvani Merchandise is at 906 – 907 Indraprasth Corporate Opp. Venus Atlantis 100 Ft. Road Prahl, Adnagar, Ahmedabad, Gujarat, India – 380015.
Ganeshvani Merchandise operates in the environment industry, in the solar energy solutions segment.
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