Naroda Enviro Projects Limited
About Naroda Enviro Projects Limited
Data last updated:
Naroda Enviro Projects Limited is a public not for profit company based in Ahmedabad, Gujarat, India. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 19 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29199GJ1995NPL027917. Its GSTIN is 24AAFFN9138D2ZC (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹5.07 Lakh. It is led by directors including Mayur Karunashanker Jani (Managing Director) and Ajay Dineshkumar Patel (Managing Director).
Its last annual general meeting (AGM) was held on 18 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 512 / 515 G I D Cphase I Naroda, Ahmedabad, Gujarat, India – 382330.
As per the financials filed for FY 2025, the company reported a revenue of ₹34.67 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹79.08 Lakh (net margin 2.3%) and EBITDA of ₹4.81 Cr (EBITDA margin 13.9%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 9% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹10 Cr on record. Court records list 34 cases involving the company, including 12 filed by the company and 21 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address512 / 515 G I D Cphase I Naroda, Ahmedabad, Gujarat, India – 382330
- IndustryEnvironment, Waste Management & Recycling Solutions
- 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
- One PDF report, delivered after checkout
CIN History of Naroda Enviro Projects Limited
Naroda Enviro Projects has one previous CIN (Corporate Identification Number): U29199GJ1995PLC027917. The current CIN is U29199GJ1995NPL027917, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29199GJ1995NPL027917 | Current |
| U29199GJ1995PLC027917 | Previous |
Business Activity of Naroda Enviro Projects Limited
The main business activity of Naroda Enviro Projects is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services | Locked |
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.
Auditor Details of Naroda Enviro Projects Limited
Naroda Enviro Projects Limited is audited by RAJ P SHAH & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJ P SHAH & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Naroda Enviro Projects Limited
Naroda Enviro Projects has 10 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Rajnikantbhai Patel Also directs: Felix Industries Limited, Felix Nano Synthesis Private Limited, Felix Colourant Private Limited and 1 more | Director | 28 Aug 2024 | 2 Years 1 Months | Current |
| Satish Kashiram Agrawal Also directs: Aastropure Systems Private Limited, Novel Spent Acid Management | Director | 01 Jul 1999 | 27 Years 3 Months | Current |
| Purankumar Balchand Karira Also directs: Naroda Utilities Services | Director | 21 Jun 2023 | 3 Years 3 Months | Current |
| Kalpesh Pramukhbhai Patel | Director | 17 Nov 2017 | 8 Years 10 Months | Current |
| Bharatkumar Keshavlal Patel Also directs: Naroda Utilities Services | Director | 21 Jun 2023 | 3 Years 3 Months | Current |
| Prashant Ramgopal Gupta Also directs: Gaurav Enterprises LLP, Maruti Multichem Private Limited, Gaurav Industries Private Limited and 1 more | Director | 18 Nov 2014 | 11 Years 10 Months | Current |
Financials of Naroda Enviro Projects Limited FY 2025 filings available
Naroda Enviro Projects Limited reported revenue of ₹34.67 Cr (up 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Naroda Enviro Projects Limited
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 28% growth in the latest year. EBITDA rose 794% 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 Naroda Enviro Projects 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.81 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹79.08 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Naroda Enviro Projects Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.3% | •••• | •••• | •••• | •••• |
| 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 Naroda Enviro Projects are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of Naroda Enviro Projects Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Naroda Enviro Projects Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Mar 2025 | Others | ₹10 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Naroda Enviro Projects Limited
Naroda Enviro Projects Limited has a workforce of 14 employees as of Mar 23, 2024.
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.
GST Compliance of Naroda Enviro Projects Limited
Naroda Enviro Projects has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFFN9138D2ZC | Gujarat | Active | 13 May 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Legal Cases of Naroda Enviro Projects Limited
Naroda Enviro Projects Limited has 34 court cases on record: 12 filed by Naroda Enviro Projects, 21 filed against it, 1 where it is another party. 4 cases are pending and 30 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 10 | 1 |
| District courts | 15 | 11 | 3 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Civil suit | Filed against the company by Veer Metal Industries Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by M.F. Moonshi and Company A Partnership Firm | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Pending |
| District court, Ahmedabad, Gujarat | Court case (RECO33C1-LC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
Full case history
All 34 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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, Litigation & Regulatory Alerts for Naroda Enviro Projects Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Naroda Enviro Projects Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Naroda Enviro Projects Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Naroda Enviro Projects Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Naroda Enviro Projects Limited
Frequently Asked Questions about Naroda Enviro Projects Limited
Naroda Enviro Projects is an active public not for profit company based in Ahmedabad, Gujarat, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 19 October 1995 (31+ years old) and is registered under CIN U29199GJ1995NPL027917.
Naroda Enviro Projects reported revenue of ₹34.67 Cr for FY 2025 (up 28% YoY).
Naroda Enviro Projects has 10 current directors:
- Mayur Karunashanker Jani - Managing Director
- Ajay Dineshkumar Patel - Managing Director
- Vinay Rajnikantbhai Patel - Director
- Satish Kashiram Agrawal - Director
- Purankumar Balchand Karira - Director
- Kalpesh Pramukhbhai Patel - Director
- Bharatkumar Keshavlal Patel - Director
- Prashant Ramgopal Gupta - Director
- Dipakbhai Kanubhai Patel - Director
- Vijay Chimanlal Agrawal - Director
Naroda Enviro Projects reported a net profit of ₹79.08 Lakh (net margin 2.3%) and EBITDA of ₹4.81 Cr (EBITDA margin 13.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Naroda Enviro Projects is 15% over three years and 9% over five years. In the latest year (FY 2025) revenue rose 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Naroda Enviro Projects is 24AAFFN9138D2ZC, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Naroda Enviro Projects is U29199GJ1995NPL027917. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Naroda Enviro Projects has 34 court cases on record: 12 filed by the company and 21 filed against it. 4 are pending. Most are in the high courts.
Naroda Enviro Projects was incorporated on 19 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.