MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0064436
Saarus Innovations Private Limited - home & lifestyle in Sanand, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹21.18 Cr
▼ 83% YoY
Net loss · FY 2025
₹74.61 Lakh
Net margin -3.5%
EBITDA · FY 2025
₹6.08 Cr
EBITDA margin 28.7%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹2.99 Cr
Issued & subscribed
Open charges
₹9.5 Cr
Satisfied ₹12 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
198
Provident fund records
About Saarus Innovations Private Limited
Data last updated:
Saarus Innovations Private Limited is a private limited company based in Sanand, Gujarat, India, a subsidiary of Koko Networks Limited. It operates in the crockery and kitchenware manufacturing segment of the home and lifestyle products sector. It was incorporated on 01 December 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74210GJ2015PTC085209. Its GSTIN is 24AAWCS4583P1Z9 (Gujarat).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.99 Cr. It is led by directors including Vibhas Raina (Managing Director) and Salil Sanjay Bhargava.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Shed No.2 Pinnacle Logistic Park S.No.194/A 194/P/ 7A 194/P/7B 195/3 Nr. Sanand Toll Tax VI, . Vasna, Gujarat, India – 382170.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.18 Cr, a decline of 83% compared to the previous year. For the same year it recorded a net loss of ₹74.61 Lakh (net margin -3.5%) and EBITDA of ₹6.08 Cr (EBITDA margin 28.7%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 1% over five years.
The company has about 198 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹9.5 Cr and satisfied charges of ₹12 Cr on record.
Saarus Innovations Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0064436). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website manufacturing.kokonetworks.com.
Company details
CIN U74210GJ2015PTC085209
Registration Number 085209
Incorporation Date 01 December 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Parent Company Koko Networks Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0064436
Key People
Vibhas Raina Managing Director Salil Sanjay Bhargava Director Sagun Saxena Nominee Director Recognitions & Rankings of Saarus Innovations
Contact details
Saarus Innovations Private Limited's registered office is in Sanand, Gujarat. Its website is manufacturing.kokonetworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressShed No.2 Pinnacle Logistic Park S.No.194/A 194/P/ 7A 194/P/7B 195/3 Nr. Sanand Toll Tax VI, . Vasna, Gujarat, India – 382170
- IndustryHome & Lifestyle, Crockery & Kitchenware Manufacturing
To see the full contact details of Saarus Innovations Private Limited, buy the company report.
Comprehensive company report
Saarus Innovations 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 Saarus Innovations is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Saarus Innovations Private Limited, buy the company report.
Financials of Saarus Innovations Private Limited
FY 2024 filings availableSaarus Innovations Private Limited reported revenue of ₹21.18 Cr (down 83% YoY) for FY 2025.
Revenue · FY 2025
₹21.18 Cr ▼ 83%
Net loss · FY 2025
₹74.61 Lakh margin -3.5%
EBITDA · FY 2025
₹6.08 Cr margin 28.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 83%
3 years · compounded
▼ 42%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▼ 50%
3 years · compounded
▼ 16%
5 years · compounded
▲ 75%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 83% fall in the latest year. EBITDA fell 50% 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 | ₹6.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹74.61 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | 28.7% | ||||
| Net Profit Margin | -3.5% | ||||
| 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 Saarus Innovations Private Limited, buy the company report.
Board of directors of Saarus Innovations Private Limited
Saarus Innovations has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Salil Sanjay Bhargava Also directs: Koko Networks Private Limited, Koko Networks Manufacturing Private Limited, Novotech Enterprises Private Limited and 1 more | Director | 18 Feb 2016 | 10 Years 8 Months | Current |
| Sagun Saxena Also directs: Koko Networks Private Limited | Nominee Director | 25 Sep 2018 | 8 Years 1 Months | Current |
| Nicholas Mark Philip Stokes Also directs: Koko Networks Private Limited | Director | 01 Feb 2019 | 7 Years 9 Months | Current |
| Vibhas Raina | Managing Director | 24 Aug 2022 | 4 Years 2 Months | Current |
Auditor
Saarus Innovations Private Limited is audited by PKF Sridhar & Santhanam LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PKF Sridhar & Santhanam LLP | FY 2023 | 003990S/S200018 |
Shareholding
The shareholding of Saarus Innovations 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 Saarus Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.5 Cr
Satisfied charges
₹12 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2023 | 100694428 | Others | ₹9.5 Cr | Open | |
| 12 Dec 2022 | 100653406 | Others | ₹12 Cr | Satisfied |
To see the full charge records of Saarus Innovations Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Saarus Innovations Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Saarus Innovations Private Limited has 5 MSME Form 1 returns on record between 2019 and 2024, listing 245 overdue payments to 68 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 68)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jain Tools and Dies Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Sethia Electricals | |||
| an individual supplier |
To see the full MSME payment records of Saarus Innovations Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Saarus Innovations has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Koko Networks Manufacturing Private Limited | U29100GJ2022PTC133535 |
To see the full group structure of Saarus Innovations Private Limited, buy the company report.
Employees & EPFO
Saarus Innovations Private Limited has a workforce of 198 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
198
Active EPFO establishments
1
Employee growth
-10.81%
GST
Saarus Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAWCS4583P1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saarus Innovations Private Limited, buy the company report.
Recent activity
Saarus Innovations Private Limited has 9 board changes on record since 2016: 4 appointments and 5 cessations. The latest: Vibhas Raina ceased to be Additional Director on 30 Sep 2022.
AGM
Saarus Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 9.50 Cr registered on 24 Mar 2023 with Charge ID 100694428 was modified on 15 Oct 2024.
Filing
Saarus Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 12 Dec 2022 via Charge ID 100653406 with Others was fully satisfied on 27 Oct 2023.
Charges
A charge with Others amounted to Rs. 9.50 Cr with Charge ID 100694428 was registered on 24 Mar 2023.
Charges
A charge with Others amounted to Rs. 12.00 Cr with Charge ID 100653406 was registered on 12 Dec 2022.
Ceased
Vibhas Raina ceased to be Additional Director.
Appointed
Vibhas Raina was appointed as Managing Director.
Ceased
Amit Rajeshkumar Gajjar ceased to be Director.
Ceased
Karan Rai ceased to be Nominee Director.
Ceased
Salil Sanjay Bhargava ceased to be Director.
Appointed
Nicholas Mark Philip Stokes was appointed as Director.
4 earlier events are in the company report.
Frequently asked questions
Saarus Innovations is an active private limited company based in Sanand, Gujarat, India. The company works in crockery and kitchenware manufacturing, within the home and lifestyle industry. It was incorporated on 01 December 2015 (11+ years old) and is registered under CIN U74210GJ2015PTC085209.
Saarus Innovations has 4 current directors:
- Vibhas Raina - Managing Director
- Salil Sanjay Bhargava - Director
- Sagun Saxena - Nominee Director
- Nicholas Mark Philip Stokes - Director
The latest financial statements of Saarus Innovations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Saarus Innovations is 24AAWCS4583P1Z9, registered in Gujarat.
The CIN (Corporate Identification Number) of Saarus Innovations is U74210GJ2015PTC085209. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saarus Innovations was incorporated on 01 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vibhas Raina ceased to be Additional Director on 30 Sep 2022. Vibhas Raina was appointed as Managing Director on 24 Aug 2022. Amit Rajeshkumar Gajjar ceased to be Director on 02 Nov 2021. Saarus Innovations has 9 board changes on record in total.
Yes, Saarus Innovations is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0064436).
Saarus Innovations has 5 MSME Form 1 returns on record between 2019 and 2024, listing 245 overdue payments to 68 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Saarus Innovations can be reached through the website manufacturing.kokonetworks.com. Its registered office is in Sanand, Gujarat, India.
The registered office of Saarus Innovations is at Shed No.2 Pinnacle Logistic Park S.No.194A 194P 7A 194P7B 1953 Nr. Sanand Toll Tax VI, . Vasna, Gujarat, India – 382170.
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