India's Richest People 2026 edition · 1 director · Source: Hurun India
- #678 Vayu Ramesh Garware ₹4,700 Cr
Revenue · FY 2025
₹5.95 Lakh
▲ 6406% YoY
Net profit · FY 2025
₹5.54 Lakh
Net margin 93.1%
EBITDA · FY 2025
₹5.54 Lakh
EBITDA margin 93.1%
Paid-up capital
₹22,000
Issued & subscribed
Company age
42 yrs
Est. 1984
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date
Last AGM
30 Sep 2025
Annual general meeting
About Garware Research Institute
Data last updated:
Garware Research Institute is a private limited company based in Pune, Maharashtra, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 08 August 1984 and has been in existence for over 42 years.
Its director Vayu Ramesh Garware is #678 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U73100PN1984PTC033693.
The company has a paid-up capital of ₹22,000. It is led by directors Vayu Ramesh Garware and Mayuri Vayu Garware.
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 Office No. 211 Building – A Jai Ganesh Vision Akurdi, Pune, Maharashtra, India – 411035.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.95 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹5.54 Lakh (net margin 93.1%) and EBITDA of ₹5.54 Lakh (EBITDA margin 93.1%). Revenue has grown at a compounded annual rate (CAGR) of 188% over three years and 62% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garwarefibres.com.
Company details
CIN U73100PN1984PTC033693
Registration Number 033693
Incorporation Date 08 August 1984
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Garware Research Institute has one previous CIN (Corporate Identification Number): U73100MH1984PTC033693. The current CIN is U73100PN1984PTC033693, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U73100PN1984PTC033693 | Current |
| U73100MH1984PTC033693 | Previous |
Recognitions & Rankings of Garware Research Institute
Contact details
Garware Research Institute's registered office is in Pune, Maharashtra. Its website is garwarefibres.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 211 Building – A Jai Ganesh Vision Akurdi, Pune, Maharashtra, India – 411035
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Garware Research Institute, buy the company report.
Comprehensive company report
Garware Research Institute - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Financials of Garware Research Institute
FY 2025 filings availableGarware Research Institute reported revenue of ₹5.95 Lakh (up 6406% YoY) for FY 2025.
Revenue · FY 2025
₹5.95 Lakh ▲ 6406%
Net profit · FY 2025
₹5.54 Lakh margin 93.1%
EBITDA · FY 2025
₹5.54 Lakh margin 93.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 188%
5 years · compounded
▲ 62%
EBITDA CAGR growth
3 years · compounded
▲ 643%
5 years · compounded
▲ 75%
Revenue has grown at a compounded annual rate (CAGR) of 62% over five years. 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 | ₹5.54 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.54 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 | 93.1% | ||||
| Net Profit Margin | 93.1% | ||||
| 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 Garware Research Institute, buy the company report.
Board of directors of Garware Research Institute
Garware Research Institute has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vayu Ramesh Garware | Director | 07 Dec 1999 | 26 Years 10 Months | Current |
| Mayuri Vayu Garware | Director | 12 Sep 2017 | 9 Years 1 Months | Current |
Auditor
Garware Research Institute is audited by PATKI AND SOMAN CHARTERED ACCOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATKI AND SOMAN CHARTERED ACCOUNTANTS | FY 2023 | 107830W |
Shareholding
The shareholding of Garware Research Institute is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions and public shareholders.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public |
To see the full shareholding pattern of Garware Research Institute, buy the company report.
Legal cases
No court or tribunal cases involving Garware Research Institute 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 Garware Research Institute; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Garware Research Institute; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Garware Research Institute has 7 board changes on record since 1999: 2 appointments and 5 cessations. The latest: Mayuri Vayu Garware ceased to be Additional Director on 27 Sep 2018.
AGM
Garware Research Institute last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Garware Research Institute has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Mayuri Vayu Garware ceased to be Additional Director.
Appointed
Mayuri Vayu Garware was appointed as Director.
Ceased
Diya Garware Ibanez ceased to be Director.
Ceased
Ramesh Bhalchandra Garware ceased to be Director.
Ceased
Shridhar Shrikrishna Rajpathak ceased to be Director.
Ceased
Shripad Mukund Kuvelker ceased to be Director.
Appointed
Vayu Ramesh Garware was appointed as Director.
Incorporation
08 Aug 1984
Garware Research Institute was registered on 08 Aug 1984 with Roc Pune & aged 42 years 2 months as per MCA records.
News
Frequently asked questions
Garware Research Institute is an active private limited company based in Pune, Maharashtra, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 08 August 1984 (42+ years old) and is registered under CIN U73100PN1984PTC033693.
Garware Research Institute has 2 current directors:
- Vayu Ramesh Garware - Director
- Mayuri Vayu Garware - Director
The latest financial statements of Garware Research Institute 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Garware Research Institute is U73100PN1984PTC033693. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garware Research Institute was incorporated on 08 August 1984, making it 42+ years old. It is registered with the Registrar of Companies, Pune.
Mayuri Vayu Garware ceased to be Additional Director on 27 Sep 2018. Mayuri Vayu Garware was appointed as Director on 12 Sep 2017. Diya Garware Ibanez ceased to be Director on 11 Sep 2017. Garware Research Institute has 7 board changes on record in total.
Garware Research Institute can be reached through the website garwarefibres.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Garware Research Institute is at Office No. 211 Building – A Jai Ganesh Vision Akurdi, Pune, Maharashtra, India – 411035.
Garware Research Institute operates in the travel and hospitality industry, in the consumer professional services segment.
The compliance status of Garware Research Institute is compliant as of 20 September 2026. The company is actively filing with the Registrar of Companies.