MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0043199
Sarathi Pipes India Private Limited
Sarathi Pipes India Private Limited - manufacturing in Gandhinagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.19 Cr
▼ 43% YoY
Net loss · FY 2024
₹48,000
Net margin -0.1%
EBITDA · FY 2024
₹1.04 Cr
EBITDA margin 20%
Authorised capital
₹1.65 Cr
Registered with MCA
Paid-up capital
₹1.65 Cr
Issued & subscribed
Open charges
₹5.48 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
5
As per MCA filings
About Sarathi Pipes India Private Limited
Data last updated:
Sarathi Pipes India Private Limited is a private limited company based in Gandhinagar, Gujarat, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 02 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209GJ2018PTC100355. Its GSTIN is 24AAZCS6673H1ZK (Gujarat).
The company has an authorised share capital of ₹1.65 Cr and a paid-up capital of ₹1.65 Cr. It is led by directors including Tulsibhai Bhikhabhai Dholariya and Shilpa Bharatkumar Borad.
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 A/204 Landmark Harmony Kh Road Sargasan, Gandhinagar, Gujarat, India – 382421.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.19 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹48,000 (net margin -0.1%) and EBITDA of ₹1.04 Cr (EBITDA margin 20%). Revenue has grown at a compounded annual rate (CAGR) of 135% over three years.
As per MCA filings, the company has open charges of ₹5.48 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Sarathi Pipes India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0043199).
Company details
CIN U25209GJ2018PTC100355
Registration Number 100355
Incorporation Date 02 January 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0043199
Key People
Tulsibhai Bhikhabhai Dholariya Director Shilpa Bharatkumar Borad Director Vasantkumar Bavalal Movaliya Director Recognitions & Rankings of Sarathi Pipes India
Contact details
Sarathi Pipes India Private Limited's registered office is in Gandhinagar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA/204 Landmark Harmony Kh Road Sargasan, Gandhinagar, Gujarat, India – 382421
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Sarathi Pipes India Private Limited, buy the company report.
Comprehensive company report
Sarathi Pipes India 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 Sarathi Pipes India is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Sarathi Pipes India Private Limited, buy the company report.
Financials of Sarathi Pipes India Private Limited
FY 2025 filings availableSarathi Pipes India Private Limited reported revenue of ₹5.19 Cr (down 43% YoY) for FY 2024.
Revenue · FY 2024
₹5.19 Cr ▼ 43%
Net loss · FY 2024
₹48,000 margin -0.1%
EBITDA · FY 2024
₹1.04 Cr margin 20%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 43%
3 years · compounded
▲ 135%
EBITDA CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 85%
5 years · compounded
▲ 178%
Revenue fell 43% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 135%. EBITDA rose 14% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹48,000 | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20% | ||||
| Net Profit Margin | -0.1% | ||||
| 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 Sarathi Pipes India Private Limited, buy the company report.
Board of directors of Sarathi Pipes India Private Limited
Sarathi Pipes India has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tulsibhai Bhikhabhai Dholariya Also directs: Utu Chemicals India Private Limited | Director | 02 Jan 2018 | 8 Years 10 Months | Current |
| Shilpa Bharatkumar Borad Also directs: Samaveda Impex LLP | Director | 24 Feb 2021 | 5 Years 8 Months | Current |
| Vasantkumar Bavalal Movaliya Also directs: Sanjog India News Private Limited | Director | 02 Jan 2018 | 8 Years 10 Months | Current |
| Shaileshbhai Kalubhai Dhanani | Director | 02 Jan 2018 | 8 Years 10 Months | Current |
| Milanbhai Dhirubhai Dholariya | Director | 02 Jan 2018 | 8 Years 10 Months | Current |
Peer comparison
Sarathi Pipes India Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Progressive Pipes Private Limited | ₹5.25 Cr (FY 2025) | -54.0% | Kalol, Gujarat, India | |||
| Rassa Pipes Private Limited | ₹5.22 Cr (FY 2025) | -11.0% | Nagpur, Maharashtra, India | |||
| Shri Ram Plastofab Private Limited | ₹5.21 Cr (FY 2024) | -12.0% | Gandhinagar, Gujarat, India | |||
| Sarathi Pipes India Private Limitedthis company | ₹5.19 Cr (FY 2024) | -₹48,000 | -0.1% | -43.0% | Gandhinagar, Gujarat, India | |
| Cristal Polymers Private Limited | ₹5.16 Cr (FY 2018) | 6.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Sarathi Pipes India Private Limited, buy the company report.
Auditor
Sarathi Pipes India Private Limited is audited by MEGHAL SHAH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEGHAL SHAH & ASSOCIATES | FY 2023 | 131952W |
Shareholding
The shareholding of Sarathi Pipes India 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 Sarathi Pipes India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.48 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2020 | 100335071 | Others | ₹5.48 Cr | Open |
To see the full charge records of Sarathi Pipes India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Sarathi Pipes India Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Keyur J. Shah Resolution Professional of the Corporate Debtor Ramdev PVC Products Private Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Mr. Naveen Brijmohan Bazari Liquidator of M/S Ramdev PVC Product Pvt. Ltd. | Disposed |
To see the full case history of Sarathi Pipes India 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 Sarathi Pipes India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sarathi Pipes India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAZCS6673H1ZK | Gujarat | Active | 15 Jul 2018 |
To see the full GST registrations and return filing status of Sarathi Pipes India Private Limited, buy the company report.
Recent activity
Sarathi Pipes India Private Limited has 6 board changes on record since 2018: 5 appointments and 1 cessation. The latest: Shilpa Bharatkumar Borad ceased to be Additional Director on 30 Nov 2021.
AGM
Sarathi Pipes India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Sarathi Pipes India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 5.48 Cr registered on 11 Mar 2020 with Charge ID 100335071 was modified on 07 Dec 2021.
Ceased
Shilpa Bharatkumar Borad ceased to be Additional Director.
Appointed
Shilpa Bharatkumar Borad was appointed as Director.
Charges
A charge with Others amounted to Rs. 5.48 Cr with Charge ID 100335071 was registered on 11 Mar 2020.
Appointed
Milanbhai Dhirubhai Dholariya was appointed as Director.
Appointed
Shaileshbhai Kalubhai Dhanani was appointed as Director.
Appointed
Tulsibhai Bhikhabhai Dholariya was appointed as Director.
Appointed
Vasantkumar Bavalal Movaliya was appointed as Director.
Incorporation
02 Jan 2018
Sarathi Pipes India Private Limited was registered on 02 Jan 2018 with Roc Ahmedabad & aged 8 years 10 months as per MCA records.
Frequently asked questions
Sarathi Pipes India is an active private limited company based in Gandhinagar, Gujarat, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 02 January 2018 (8+ years old) and is registered under CIN U25209GJ2018PTC100355.
Sarathi Pipes India has 5 current directors:
- Tulsibhai Bhikhabhai Dholariya - Director
- Shilpa Bharatkumar Borad - Director
- Vasantkumar Bavalal Movaliya - Director
- Shaileshbhai Kalubhai Dhanani - Director
- Milanbhai Dhirubhai Dholariya - Director
The latest financial statements of Sarathi Pipes India 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 2018 are in the company report.
The GSTIN of Sarathi Pipes India is 24AAZCS6673H1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Sarathi Pipes India is U25209GJ2018PTC100355. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sarathi Pipes India has 2 court cases on record: 2 filed against it.
Sarathi Pipes India was incorporated on 02 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sarathi Pipes India by revenue are Progressive Pipes Private Limited, Rassa Pipes Private Limited, Shri Ram Plastofab Private Limited, Cristal Polymers Private Limited, all in the Manufacturing industry (Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Shilpa Bharatkumar Borad ceased to be Additional Director on 30 Nov 2021. Shilpa Bharatkumar Borad was appointed as Director on 24 Feb 2021. Milanbhai Dhirubhai Dholariya was appointed as Director on 02 Jan 2018. Sarathi Pipes India has 6 board changes on record in total.
Yes, Sarathi Pipes India is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0043199).
The registered office of Sarathi Pipes India is at A204 Landmark Harmony Kh Road Sargasan, Gandhinagar, Gujarat, India – 382421.
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