MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-22-0102594
Inner- Circle Search Private Limited
Inner- Circle Search Private Limited - real estate and construction in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹67.57 Lakh
▲ 15% YoY
Net loss · FY 2025
₹21.77 Lakh
Net margin -32.2%
EBITDA · FY 2025
₹63.98 Lakh
EBITDA margin 94.7%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.15 Cr
Issued & subscribed
Open charges
₹1.5 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
About Inner- Circle Search Private Limited
Data last updated:
Inner- Circle Search Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 04 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45309GJ2018PTC102186. Its GSTIN is 24AAECI8652B1ZS (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.15 Cr. It is led by directors Rajanibhai Jayantibhai Vohera and Narayan Nandkishor Rathi.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹67.57 Lakh, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹21.77 Lakh (net margin -32.2%) and EBITDA of ₹63.98 Lakh (EBITDA margin 94.7%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 52% over five years.
As per MCA filings, the company has open charges of ₹1.5 Cr on record.
Inner- Circle Search Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0102594).
Company Details of Inner- Circle Search Private Limited
CIN U45309GJ2018PTC102186
Registration Number 102186
Incorporation Date 04 May 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0102594
Recognitions & Rankings of Inner- Circle Search
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressUpper Basement Office Regent Arcade, Opp. Zaveri House Ghod – Dod Road, Surat, Gujarat, India – 395007
- IndustryReal Estate and Construction, Real Estate Builders & Developers
Comprehensive company report
Inner- Circle Search Private Limited - one report that includes everything
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Business Activity of Inner- Circle Search Private Limited
The main business activity of Inner- Circle Search is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Inner- Circle Search Private Limited FY 2025 filings available
Inner- Circle Search Private Limited reported revenue of ₹67.57 Lakh (up 15% YoY) for FY 2025.
Revenue · FY 2025
₹67.57 Lakh ▲ 15%
Net loss · FY 2025
₹21.77 Lakh margin -32.2%
EBITDA · FY 2025
₹63.98 Lakh margin 94.7%
Compounded Annual Growth Rate (CAGR) of Inner- Circle Search Private Limited
Revenue CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 32%
5 years · compounded
▲ 52%
EBITDA CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 38%
5 years · compounded
▲ 78%
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 15% growth in the latest year. EBITDA rose 18% 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 of Inner- Circle Search Private Limited
| 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 | ₹63.98 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹21.77 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 Inner- Circle Search Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 94.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -32.2% | •••• | •••• | •••• | •••• |
| 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 Inner- Circle Search are in the company report.
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Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Inner- Circle Search Private Limited
Inner- Circle Search has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajanibhai Jayantibhai Vohera Also directs: Samprati Buildcon Private Limited | Director | 04 May 2018 | 8 Years 5 Months | Current |
| Narayan Nandkishor Rathi Also directs: Samprati Buildcon Private Limited, MSF Capital Limited | Director | 04 May 2018 | 8 Years 5 Months | Current |
Peer Comparison of Inner- Circle Search Private Limited
Inner- Circle Search Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shivganga Carnation Private Limited | ₹67.76 Lakh (FY 2025) | •••• | •••• | 14.0% | •••• | Begusarai, Bihar, India |
| Pujari Estate and Developers Private Limited | ₹67.7 Lakh (FY 2024) | •••• | •••• | -21.0% | •••• | 37/1 Purna Das Rd, West Bengal, India |
| N V Kothari Developers Private Limited | ₹67.68 Lakh (FY 2025) | •••• | •••• | -72.0% | •••• | Rajkot, Gujarat, India |
| Vinsons Projects India P Ltd | ₹67.68 Lakh (FY 2025) | •••• | •••• | 63.0% | •••• | Mumbai, Maharashtra, India |
| Teleconcepts (India) Private Limited | ₹67.58 Lakh (FY 2024) | •••• | •••• | -30.0% | •••• | Hyderabad, Telangana, India |
| Inner- Circle Search Private Limited this company | ₹67.57 Lakh (FY 2025) | •••• | •••• | 15.0% | •••• | Surat, Gujarat, India |
| Japcon Architects Private Limited | ₹67.54 Lakh (FY 2025) | •••• | •••• | -17.0% | •••• | Bangalore, Karnataka, India |
| Drill Experts Private Limited | ₹67.52 Lakh (FY 2025) | •••• | •••• | -53.0% | •••• | New Delhi, Delhi, India |
| SRSR Estates Private Limited | ₹67.52 Lakh (FY 2025) | •••• | •••• | 5644.0% | •••• | Secunderabad, Telangana, India |
| Kilens Contracts Private Limited | ₹67.5 Lakh (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Suraj Modbuilds Private Limited | ₹67.47 Lakh (FY 2025) | •••• | •••• | -17.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Inner- Circle Search by revenue in the Infrastructure industry (Construction Services), 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 Inner- Circle Search Private Limited
Inner- Circle Search Private Limited is audited by R KEJRIWAL & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R KEJRIWAL & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
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Ownership and Shareholding of Inner- Circle Search 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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Verified entity values are shown only after access is granted.
Charges & Borrowings of Inner- Circle Search Private Limited
Open charges
₹1.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Nov 2021 | Canara Bank | ₹1.5 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Inner- Circle Search Private Limited
Employment history and EPFO contributions of people linked to Inner- Circle Search.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Inner- Circle Search Private Limited
Inner- Circle Search Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Narayan Nandkishor Rathi was appointed as Director on 04 May 2018.
AGM
Inner- Circle Search Private Limited last Annual general meeting of members was held on 15 Sep 2025 as per latest MCA records.
Filing
Inner- Circle Search Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Canara Bank amounted to Rs. 1.50 Cr with Charge ID 100505079 was registered on 08 Nov 2021.
Appointed
Narayan Nandkishor Rathi was appointed as Director.
Appointed
Rajanibhai Jayantibhai Vohera was appointed as Director.
Incorporation
04 May 2018
Inner- Circle Search Private Limited was registered on 04 May 2018 with Roc Ahmedabad & aged 8 years 5 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Inner- Circle Search Private 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 Inner- Circle Search Private 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 Inner- Circle Search Private 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 Inner- Circle Search Private Limited
Inner- Circle Search has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECI8652B1ZS | Gujarat | Active | 27 Oct 2018 |
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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 Inner- Circle Search Private 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 Inner- Circle Search Private Limited
Inner- Circle Search is an active private limited company based in Surat, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 04 May 2018 (8+ years old) and is registered under CIN U45309GJ2018PTC102186.
Inner- Circle Search reported revenue of ₹67.57 Lakh for FY 2025 (up 15% YoY).
Inner- Circle Search has 2 current directors:
- Rajanibhai Jayantibhai Vohera - Director
- Narayan Nandkishor Rathi - Director
Inner- Circle Search reported a net loss of ₹21.77 Lakh (net margin -32.2%) and EBITDA of ₹63.98 Lakh (EBITDA margin 94.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Inner- Circle Search is 32% over three years and 52% over five years. In the latest year (FY 2025) revenue rose 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Inner- Circle Search is 24AAECI8652B1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Inner- Circle Search is U45309GJ2018PTC102186. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inner- Circle Search was incorporated on 04 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Inner- Circle Search by revenue are Shivganga Carnation Private Limited, Pujari Estate and Developers Private Limited, N V Kothari Developers Private Limited, Vinsons Projects India P Ltd, Teleconcepts (India) Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Narayan Nandkishor Rathi was appointed as Director on 04 May 2018. Rajanibhai Jayantibhai Vohera was appointed as Director on 04 May 2018.
Yes, Inner- Circle Search is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0102594).