India's Richest People 2026 edition · 1 director · Source: Hurun India
- #85 Karsanbhai Patel & family ₹36,600 Cr
Revenue · FY 2025
₹164.72 Cr
▼ 3% YoY
Net profit · FY 2025
₹58.54 Cr
Net margin 35.5%
EBITDA · FY 2025
₹1,443.15 Cr
Latest filing
Authorised capital
₹7,500 Cr
Registered with MCA
Paid-up capital
₹3,600.23 Cr
Issued & subscribed
Satisfied charges
₹2,025 Cr
No open charges
Company age
7 yrs
Est. 2019
Employees · EPFO
1
Provident fund records
About Niyogi Enterprise Private Limited
Data last updated:
Niyogi Enterprise Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 22 January 2019 and has been in existence for over 7 years.
Its director Karsanbhai Patel and family are #85 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2019PTC106218. Its GSTIN is 24AAGCN3882J1Z6 (Gujarat).
The company has an authorised share capital of ₹7,500 Cr and a paid-up capital of ₹3,600.23 Cr. It is led by directors including Rakeshbhai Karsanbhai Patel and Karsanbhai Patel Khodidas.
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 Nirma House Ashram Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹164.72 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹58.54 Cr (net margin 35.5%) and EBITDA of ₹1,443.15 Cr. Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 5% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries and 1 joint venture.
The company is associated with 1 brand: Nirma. As per MCA filings, the company has satisfied charges of ₹2,025 Cr on record. The company has 6 deals on record (3 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹5,391.36 Cr; the latest was in August 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nirma.co.in.
Company details
CIN U51909GJ2019PTC106218
Registration Number 106218
Incorporation Date 22 January 2019
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
Key People
Rakeshbhai Karsanbhai Patel Director Karsanbhai Patel Khodidas Director Hiren Karsanbhai Patel Director Recognitions & Rankings of Niyogi Enterprise
Contact details
Niyogi Enterprise Private Limited's registered office is in Ahmedabad, Gujarat. Its website is nirma.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNirma House Ashram Road, Ahmedabad, Gujarat, India – 380009
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Niyogi Enterprise Private Limited, buy the company report.
Comprehensive company report
Niyogi Enterprise 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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Brands
Niyogi Enterprise operates one associated brand: Nirma. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and markets consumer care products for everyday use. | nirma.co.in |
Business activity
The main business activities of Niyogi Enterprise are wholesale and retail trade; repair of motor vehicles and motorcycles and financial and insurance service. In detail, this covers retail trade, except of motor vehicles and motorcycles and fund management services. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles | |
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Niyogi Enterprise Private Limited, buy the company report.
Financials of Niyogi Enterprise Private Limited
FY 2025 filings availableNiyogi Enterprise Private Limited reported revenue of ₹164.72 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹164.72 Cr ▼ 3%
Net profit · FY 2025
₹58.54 Cr margin 35.5%
EBITDA · FY 2025
₹1,443.15 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▼ 3%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 1%
5 years · compounded
▼ 1%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 16% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹164.72 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1,443.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹58.54 Cr | ||||
| 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 | |||||
| Net Profit Margin | 35.5% | ||||
| 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 Niyogi Enterprise Private Limited, buy the company report.
Board of directors of Niyogi Enterprise Private Limited
Niyogi Enterprise has 4 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 |
|---|---|---|---|---|
| Rakeshbhai Karsanbhai Patel | Director | 22 Jan 2019 | 7 Years 9 Months | Current |
| Karsanbhai Patel Khodidas Also directs: Nirma Chemical Works Private Limited, Nirma Limited, Nirma Credit and Capital Private Limited and 1 more | Director | 22 Jan 2019 | 7 Years 9 Months | Current |
| Hiren Karsanbhai Patel Also directs: Nairutya Associates LLP, Nuvoco Vistas Corporation Limited, Alivus Life Sciences Limited and 3 more | Director | 22 Jan 2019 | 7 Years 9 Months | Current |
| Ajay Bhushanlal Khushu | Director | 29 Feb 2024 | 2 Years 8 Months | Current |
Auditor
Niyogi Enterprise Private Limited is audited by S.V Doshi & Co. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.V Doshi & Co. | FY 2025 | 102752W |
Shareholding
The shareholding of Niyogi Enterprise Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Niyogi Enterprise Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹2,025 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jul 2020 | 100350478 | Others | ₹425 Cr | Satisfied | |
| 29 Apr 2019 | 100263777 | Idbi Trusteeship Services Limited | ₹1,600 Cr | Satisfied |
To see the full charge records of Niyogi Enterprise Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Niyogi Enterprise Private Limited has 6 deals on record (3 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹5,391.36 Cr; the latest was in August 2021.
Total deals
6
Funding rounds
3
Secondary share transfer
1
Acquisition
1
Rights issue
1
Disclosed funding
₹5,391.36 Cr
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Secondary share transfer | Undisclosed | Seller: Nirma Limited |
| Mar 2020 | Acquisition | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Dec 2019 | Rights issue | ₹8.77 Cr | Investors: 4 individuals |
| Mar 2019 | Funding round | ₹1.36 Cr | Investors: 4 individuals |
To see the full deal history of Niyogi Enterprise Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Niyogi Enterprise Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Niyogi Enterprise Private Limited was last rated by Crisil on 01 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 01 Aug 2021 |
To see the full credit ratings and regulatory alerts of Niyogi Enterprise Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Niyogi Enterprise Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Niyogi Enterprise has 2 subsidiary companies and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
1
Joint ventures
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Nuvoco Vistas Corporation Limited | L26940MH1999PLC118229 | |
| Nu Vista Limited | U26940MH2007PLC353160 |
To see the full group structure of Niyogi Enterprise Private Limited, buy the company report.
Employees & EPFO
Niyogi Enterprise Private Limited has a workforce of 1 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 |
To see the full employee and EPFO history of Niyogi Enterprise Private Limited, buy the company report.
GST
Niyogi Enterprise has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCN3882J1Z6 | Gujarat | Active | 04 Apr 2019 |
To see the full GST registrations and return filing status of Niyogi Enterprise Private Limited, buy the company report.
Recent activity
Niyogi Enterprise Private Limited has 6 board changes on record since 2019: 4 appointments and 2 cessations. The latest: Ajay Bhushanlal Khushu ceased to be Additional Director on 29 Sep 2024.
AGM
Niyogi Enterprise Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Niyogi Enterprise Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Ajay Bhushanlal Khushu ceased to be Additional Director.
Appointed
Ajay Bhushanlal Khushu was appointed as Director.
Charges
A charge registered on 17 Jul 2020 via Charge ID 100350478 with Others was fully satisfied on 08 Sep 2021.
Charges
A charge registered on 29 Apr 2019 via Charge ID 100263777 with Idbi Trusteeship Services Limited was fully satisfied on 28 Jul 2020.
Charges
A charge with Others amounted to Rs. 425.00 Cr with Charge ID 100350478 was registered on 17 Jul 2020.
Charges
A charge with Idbi Trusteeship Services Limited of Rs. 1,600.00 Cr registered on 29 Apr 2019 with Charge ID 100263777 was modified on 03 Apr 2020.
Ceased
Dipakkumar Kantilal Shah ceased to be Company Secretary.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 1,600.00 Cr with Charge ID 100263777 was registered on 29 Apr 2019.
Appointed
Hiren Karsanbhai Patel was appointed as Director.
Appointed
Karsanbhai Patel Khodidas was appointed as Director.
2 earlier events are in the company report.
News
Frequently asked questions
Niyogi Enterprise is an active private limited company based in Ahmedabad, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 22 January 2019 (7+ years old) and is registered under CIN U51909GJ2019PTC106218.
Niyogi Enterprise has 4 current directors:
- Rakeshbhai Karsanbhai Patel - Director
- Karsanbhai Patel Khodidas - Director
- Hiren Karsanbhai Patel - Director
- Ajay Bhushanlal Khushu - Director
The latest financial statements of Niyogi Enterprise 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 FY 2019 are in the company report.
The GSTIN of Niyogi Enterprise is 24AAGCN3882J1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Niyogi Enterprise is U51909GJ2019PTC106218. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Niyogi Enterprise was incorporated on 22 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Niyogi Enterprise has 6 deals on record (3 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹5,391.36 Cr; the latest was in August 2021.
Ajay Bhushanlal Khushu ceased to be Additional Director on 29 Sep 2024. Ajay Bhushanlal Khushu was appointed as Director on 29 Feb 2024. Dipakkumar Kantilal Shah ceased to be Company Secretary on 31 Jul 2019. Niyogi Enterprise has 6 board changes on record in total.
Niyogi Enterprise can be reached through the website nirma.co.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Niyogi Enterprise is at Nirma House Ashram Road, Ahmedabad, Gujarat, India – 380009.
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