About Padm Complex Ltd
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Padm Complex Ltd is a public limited company based in Ahmedabad, Gujarat, India. It operates in the financial holding companies segment of the financial services sector. It was incorporated on 11 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ1994PLC021297.
The company has an authorised share capital of ₹5.11 Lakh and a paid-up capital of ₹5.11 Lakh. It was formerly known as Padm Complex Private Limited and Padm Complex Pvt Ltd. It is led by directors including Kamal Nainaram Varma and Sunny Rameshbhai Varma.
Its last annual general meeting (AGM) was held on 23 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 ₹19.25 Lakh, a growth of 90% compared to the previous year. For the same year it recorded a net loss of ₹9.8 Lakh (net margin -50.9%) and EBITDA of -₹8.63 Lakh (EBITDA margin -44.8%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 9% over five years.
The company is associated with 1 brand: Vadilal Group. As per MCA filings, the company has satisfied charges of ₹182.58 Cr on record. Court records list 7 cases involving the company, including 7 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vadilalgroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressVadilal House Shrimali Society Near Navrangpura Railway Crossing Navra, Ngpura, Ahmedabad, Gujarat, India – 380009
- IndustryFinancial Services, Financial Holding Companies
- 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
Name History of Padm Complex Ltd
Padm Complex has undergone 2 name changes throughout its history. The company was previously known as Padm Complex Private Limited, and Padm Complex Pvt Ltd. The current legal name is Padm Complex Ltd.
| Company Name | Status |
|---|---|
| Padm Complex Ltd | Current |
| Padm Complex Private Limited | Previous |
| Padm Complex Pvt Ltd | Previous |
CIN History of Padm Complex Ltd
Padm Complex has one previous CIN (Corporate Identification Number): U45201GJ1994PTC021297. The current CIN is U45201GJ1994PLC021297, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201GJ1994PLC021297 | Current |
| U45201GJ1994PTC021297 | Previous |
Associated Brands with Padm Complex Ltd
Padm Complex operates one associated brand: Vadilal Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Vadilal Group is engaged in manufacturing ice cream and food products. | vadilalgroup.com |
Competitors & Alternatives of Padm Complex Ltd
Brands and companies operating in the same space as Padm Complex Ltd include Hangyo, NOTO, Desi Farms and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Hangyo | Ice cream products are manufactured and branded by Hangyo. | Mangaluru, India | 2002 |
 NOTO | Plant-based frozen desserts are offered via a dedicated platform. | Mumbai, India | 2019 |
 Desi Farms | Provider of direct-to-consumer, farm-to-table delivery of fresh dairy products, including milk, yogurt, and other preservative-free dairy products | Pune, India | 2016 |
 Van Leeuwen Ice Cream | Artisan ice cream is produced and supplied by Van Leeuwen. | Brooklyn, United States | 2008 |
 Salt & Straw | Brand of ice cream | Portland, United States | 2011 |
 Little Moons | Brand of ice creams | London, United Kingdom | 2010 |
 Dairy Day | Processor & brand of ice creams | Bengaluru, India | 2002 |
 Vinamilk | Manufacturer and brand of dairy products | Ho Chi Minh City, Vietnam | 1976 |
 Happy Nature | Brand of organic milk | Delhi, India | 2018 |
Business Activity of Padm Complex Ltd
The main business activity of Padm Complex is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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 Padm Complex Ltd
Padm Complex Ltd is audited by KANTILAL PATEL & COMPANY for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KANTILAL PATEL & COMPANY | 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 Padm Complex Ltd
Padm Complex has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Nainaram Varma Also directs: Vadilal Chemicals Limited, Volute Constructions Ltd, Vadilal Forex and Consultancy Services Limited and 2 more | Director | 21 Nov 2024 | 1 Years 10 Months | Current |
| Sunny Rameshbhai Varma Also directs: Majestic Farm House Limited, Volute Constructions Ltd, Valiant Constructions Private Limited and 1 more | Director | 25 Aug 2015 | 11 Years 1 Months | Current |
| Rajesh Kantilal Pandya Also directs: Vadilal Chemicals Limited, Vadilal Enterprises Limited, Majestic Farm House Limited and 3 more | Director | 01 Jul 2009 | 17 Years 3 Months | Current |
Financials of Padm Complex Ltd FY 2025 filings available
Padm Complex Ltd reported revenue of ₹19.25 Lakh (up 90% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Padm Complex Ltd
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 90% growth in the latest year. EBITDA rose 21% 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 Padm Complex Ltd
| 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 | -₹8.63 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9.8 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 Padm Complex Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -44.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -50.9% | •••• | •••• | •••• | •••• |
| 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 Padm Complex 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 Padm Complex Ltd
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 Padm Complex Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Dec 2019 | Others | ₹115.05 Cr | Satisfied |
| 29 Jan 2010 | Idbi Bank Limited | ₹8.5 Cr | Satisfied |
| 22 Nov 2007 | Others | ₹59.03 Cr | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Padm Complex Ltd
Employment history and EPFO contributions of people linked to Padm Complex.
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 Padm Complex Ltd
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 Padm Complex Ltd
Padm Complex Ltd has 7 court cases on record: 7 filed against it. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| NCLAT | 3 | 3 | 0 |
Cases on record (3 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Company appeal | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Registrar of Companies | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by Registrar of Companies | Disposed |
Full case history
All 7 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 Padm Complex Ltd
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 Padm Complex Ltd
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 Padm Complex Ltd
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 Padm Complex Ltd
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 Padm Complex Ltd
Frequently Asked Questions about Padm Complex Ltd
Padm Complex is an active public limited company based in Ahmedabad, Gujarat, India. The company works in financial holding companies, within the financial services industry. It was incorporated on 11 February 1994 (32+ years old) and is registered under CIN U45201GJ1994PLC021297.
Padm Complex reported revenue of ₹19.25 Lakh for FY 2025 (up 90% YoY).
Padm Complex has 3 current directors:
- Kamal Nainaram Varma - Director
- Sunny Rameshbhai Varma - Director
- Rajesh Kantilal Pandya - Director
Padm Complex reported a net loss of ₹9.8 Lakh (net margin -50.9%) and EBITDA of -₹8.63 Lakh (EBITDA margin -44.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Padm Complex is 15% over three years and 9% over five years. In the latest year (FY 2025) revenue rose 90%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Padm Complex is U45201GJ1994PLC021297. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Padm Complex has 7 court cases on record: 7 filed against it. Most are in the district courts.
Padm Complex was incorporated on 11 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Padm Complex can be reached through the website vadilalgroup.com. Its registered office is in Ahmedabad, Gujarat, India.