MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0007901
Karni Roadways Private Limited
Karni Roadways Private Limited - transport and logistics in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹9.44 Cr
▲ 16% YoY
Net loss · FY 2025
₹41.38 Lakh
Net margin -4.4%
EBITDA · FY 2025
₹67.56 Lakh
EBITDA margin 7.2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹3.78 Cr
Secured borrowings
Company age
14 yrs
Est. 2012
Employees · EPFO
15
Provident fund records
About Karni Roadways Private Limited
Data last updated:
Karni Roadways Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the ride-hailing services segment of the transport and logistics sector. It was incorporated on 19 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U63040GJ2012PTC069975. Its GSTIN is 24AAECK7457N1Z0 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Meenaben Jabardan Gadhavi and Nehaben Ranjitbhai Gadhavi.
Its last annual general meeting (AGM) was held on 27 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 ₹9.44 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹41.38 Lakh (net margin -4.4%) and EBITDA of ₹67.56 Lakh (EBITDA margin 7.2%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 14% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.78 Cr on record. Court records list 12 cases involving the company, including 12 filed against it.
Karni Roadways Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0007901). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U63040GJ2012PTC069975
Registration Number 069975
Incorporation Date 19 April 2012
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0007901
Key People
Meenaben Jabardan Gadhavi Director Nehaben Ranjitbhai Gadhavi Director Gaurang Bharatbhai Gadhavi Director Recognitions & Rankings of Karni Roadways
Contact details
Karni Roadways Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address08 – 2nd Floor Anand Shopping Centre Sarkhej Gandh I Nagar Highway Over Bridge Naka Thalte, J, Ahmedabad, Gujarat, India – 380054
- IndustryTransport and Logistics, Ride-Hailing Services
To see the full contact details of Karni Roadways Private Limited, buy the company report.
Comprehensive company report
Karni Roadways Private Limited - 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
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Business activity
The main business activity of Karni Roadways is support service to organizations. In detail, this covers travel agency and tour operators.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N3 | Travel agency and tour operators |
To see the full business activity and turnover split of Karni Roadways Private Limited, buy the company report.
Financials of Karni Roadways Private Limited
FY 2025 filings availableKarni Roadways Private Limited reported revenue of ₹9.44 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹9.44 Cr ▲ 16%
Net loss · FY 2025
₹41.38 Lakh margin -4.4%
EBITDA · FY 2025
₹67.56 Lakh margin 7.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 16%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 17%
3 years · compounded
▼ 7%
5 years · compounded
▼ 2%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 16% growth in the latest year. EBITDA rose 17% 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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| Total Expenses | |||||
| EBITDA | ₹67.56 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹41.38 Lakh | ||||
| 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 | 7.2% | ||||
| Net Profit Margin | -4.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Karni Roadways Private Limited, buy the company report.
Board of directors of Karni Roadways Private Limited
Karni Roadways has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meenaben Jabardan Gadhavi | Director | 19 Apr 2012 | 14 Years 6 Months | Current |
| Nehaben Ranjitbhai Gadhavi | Director | 19 Apr 2012 | 14 Years 6 Months | Current |
| Gaurang Bharatbhai Gadhavi Also directs: Mahavir Tours Private Limited | Director | 02 Feb 2016 | 10 Years 9 Months | Current |
Auditor
Karni Roadways Private Limited is audited by MANJUL SONI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANJUL SONI & CO | FY 2023 | 131321W |
Shareholding
The shareholding of Karni Roadways Private 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karni Roadways Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.78 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2025 | 101181706 | Hdfc Bank Limited | ₹20 Lakh | Open | |
| 30 Sep 2023 | 100789278 | Hdfc Bank Limited | ₹20 Lakh | Open | |
| 16 Aug 2023 | 100776878 | Hdfc Bank Limited | ₹18 Lakh | Open | |
| 06 Oct 2022 | 100626875 | Yes Bank Limited | ₹1 Cr | Open | |
| 05 Mar 2022 | 100551818 | Hdfc Bank Limited | ₹11.4 Lakh | Open |
Total charge records: 7 View all charges
Legal cases
Karni Roadways Private Limited has 12 court cases on record: 12 filed against it. All cases are disposed.
Total cases
12
Filed against the company
12
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 0 |
Cases on record (3 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, Chhota Udepur, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
To see the full case history of Karni Roadways 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karni Roadways Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karni Roadways Private Limited has a workforce of 15 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
15
Active EPFO establishments
1
Employee growth
15.38%
GST
Karni Roadways has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECK7457N1Z0 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karni Roadways Private Limited, buy the company report.
Recent activity
Karni Roadways Private Limited has 5 board changes on record since 2012: 3 appointments and 2 cessations. The latest: Bharatbhai Pratapbhai Gadhavi ceased to be Managing Director on 14 Jul 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.00 Lakh with Charge ID 101181706 was registered on 03 Nov 2025.
AGM
Karni Roadways Private Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Filing
Karni Roadways Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.00 Lakh with Charge ID 100789278 was registered on 30 Sep 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 18.00 Lakh with Charge ID 100776878 was registered on 16 Aug 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 100.00 Lakh with Charge ID 100626875 was registered on 06 Oct 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 11.40 Lakh with Charge ID 100551818 was registered on 05 Mar 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 192.59 Lakh with Charge ID 100468373 was registered on 02 Aug 2021.
Ceased
Bharatbhai Pratapbhai Gadhavi ceased to be Managing Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.00 Lakh with Charge ID 100421702 was registered on 05 Feb 2021.
Ceased
Nehaben Ranjitbhai Gadhavi ceased to be Director.
Appointed
Gaurang Bharatbhai Gadhavi was appointed as Director.
3 earlier events are in the company report.
Frequently asked questions
Karni Roadways is an active private limited company based in Ahmedabad, Gujarat, India. The company works in ride-hailing services, within the transport and logistics industry. It was incorporated on 19 April 2012 (14+ years old) and is registered under CIN U63040GJ2012PTC069975.
Karni Roadways has 3 current directors:
- Meenaben Jabardan Gadhavi - Director
- Nehaben Ranjitbhai Gadhavi - Director
- Gaurang Bharatbhai Gadhavi - Director
The latest financial statements of Karni Roadways on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Karni Roadways is 24AAECK7457N1Z0, registered in Gujarat.
The CIN (Corporate Identification Number) of Karni Roadways is U63040GJ2012PTC069975. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karni Roadways has 12 court cases on record: 12 filed against it.
Karni Roadways was incorporated on 19 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Bharatbhai Pratapbhai Gadhavi ceased to be Managing Director on 14 Jul 2021. Nehaben Ranjitbhai Gadhavi ceased to be Director on 31 Aug 2016. Gaurang Bharatbhai Gadhavi was appointed as Director on 02 Feb 2016. Karni Roadways has 5 board changes on record in total.
Yes, Karni Roadways is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0007901).
The registered office of Karni Roadways is at 08 – 2nd Floor Anand Shopping Centre Sarkhej Gandh I Nagar Highway Over Bridge Naka Thalte, J, Ahmedabad, Gujarat, India – 380054.
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