Sarigam Clean Initiative
About Sarigam Clean Initiative
Data last updated:
Sarigam Clean Initiative is a public not for profit company based in Valsad, Gujarat, India. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 08 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U93000GJ2015NPL083458. Its GSTIN is 24AAWCS0761K1ZV (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹700. It is led by directors including Bharatkumar Popatlal Jain and Anjali Kiran Khambete.
Its last annual general meeting (AGM) was held on 20 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Valsad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹19.23 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹94.97 Lakh (net margin 4.9%) and EBITDA of ₹5.67 Cr (EBITDA margin 29.5%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 14% over five years.
Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sarigam Clean Initiative's registered office is in Valsad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDy. Exe. Engineer – GIDC Plot No. S.No.341 & 427/B Sarigam – Manda Road GIDC Sarigam Ta.Um, Argaon, Valsad, Gujarat, India – 396155
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Sarigam Clean Initiative, buy the company report.
- 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
Business activity
The main business activity of Sarigam Clean Initiative 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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Sarigam Clean Initiative, buy the company report.
Financials of Sarigam Clean Initiative
FY 2024 filings availableSarigam Clean Initiative reported revenue of ₹19.23 Cr (up 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 4% growth in the latest year. EBITDA fell 44% 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 |
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| EBITDA | ₹5.67 Cr | ||||
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| Net Profit (PAT) | ₹94.97 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 29.5% | ||||
| Net Profit Margin | 4.9% | ||||
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To see the full financial statements and ratios of Sarigam Clean Initiative, buy the company report.
Board of directors of Sarigam Clean Initiative
Sarigam Clean Initiative has 7 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharatkumar Popatlal Jain | Director | 08 Jun 2015 | 11 Years 5 Months | Current |
| Shirish Balvantrai Desai Also directs: Shijay Organics Private Limited, Shree Siddhi Vinayak Ingots Private Limited, Saltz Pharmachem Private Limited and 1 more | Nominee Director | 10 Oct 2015 | 11 Years 1 Months | Current |
| Nirmal Kumar Dudhani | Nominee Director | 01 May 2024 | 2 Years 6 Months | Current |
| Anjali Kiran Khambete Also directs: Vapi Green Enviro Limited | Director | 08 Jun 2015 | 11 Years 5 Months | Current |
| Devendra Sagar Also directs: Vapi Green Enviro Limited | Nominee Director | 13 Dec 2024 | 1 Years 11 Months | Current |
| Shruti Vishwas Sharma | Nominee Director | 21 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Sarigam Clean Initiative is compared with the 10 companies closest to it by revenue in the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prayagraj Lion Waste Management Private Limited | ₹19.49 Cr (FY 2025) | 10.0% | Delhi, India | |||
| Zero Discharge Technologies Private Limited | ₹19.42 Cr (FY 2023) | 173.0% | Coimbatore, Tamil Nadu, India | |||
| Cleanux Green Solution Limited | ₹19.38 Cr (FY 2024) | 161.0% | Premnagar, Uttar Pradesh, India | |||
| Enviro Care India Private Limited | ₹19.31 Cr (FY 2025) | 5.0% | Madurai, Tamil Nadu, India | |||
| Mayo Vessels and Machines Private Limited | ₹19.27 Cr (FY 2025) | 32.0% | Aurangabad, Maharashtra, India | |||
| Sarigam Clean Initiativethis company | ₹19.23 Cr (FY 2024) | ₹94.97 Lakh | 4.9% | 4.0% | Valsad, Gujarat, India | |
| 4R Recycling Private Limited | ₹19.03 Cr (FY 2025) | 39.0% | Bangalore, Karnataka, India | |||
| Igiene Cleaning Services Private Limited | ₹18.99 Cr (FY 2024) | 31.0% | Kolkata, West Bengal, India | |||
| Rollz India Waste Management Private Limited | ₹18.64 Cr (FY 2025) | 58.0% | Bhilwara, Rajasthan, India | |||
| Bikon Water Treatment Private Limited | ₹18.51 Cr (FY 2019) | 1.0% | New Delhi, Delhi, India | |||
| Basix Municipal Waste Ventures Limited | ₹18.45 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India |
To see the full peer comparison of Sarigam Clean Initiative, buy the company report.
Auditor
Sarigam Clean Initiative is audited by B. R. SHAH & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. R. SHAH & CO. | FY 2022 | 044929 |
Shareholding
The shareholding of Sarigam Clean Initiative is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sarigam Clean Initiative, buy the company report.
Legal cases
Sarigam Clean Initiative has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by M/S Grentex and Company Pvt. Ltd. and 3 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Grentex and Companynpvt Ltd and 3 others | Disposed |
To see the full case history of Sarigam Clean Initiative, 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 Sarigam Clean Initiative; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sarigam Clean Initiative has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAWCS0761K1ZV | Gujarat | Active | 06 Sep 2017 |
To see the full GST registrations and return filing status of Sarigam Clean Initiative, buy the company report.
Recent activity
Sarigam Clean Initiative has 20 board changes on record since 2015: 8 appointments and 12 cessations. The latest: Hiralal Menat was appointed as Additional Director on 06 Aug 2025.
11 earlier events are in the company report.
Frequently asked questions
Sarigam Clean Initiative is an active public not for profit company based in Valsad, Gujarat, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 08 June 2015 (11+ years old) and is registered under CIN U93000GJ2015NPL083458.
Sarigam Clean Initiative has 7 current directors:
- Bharatkumar Popatlal Jain - Director
- Shirish Balvantrai Desai - Nominee Director
- Nirmal Kumar Dudhani - Nominee Director
- Anjali Kiran Khambete - Director
- Devendra Sagar - Nominee Director
- Shruti Vishwas Sharma - Nominee Director
- Hiralal Menat - Additional Director
The latest financial statements of Sarigam Clean Initiative on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 20 December 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Sarigam Clean Initiative is 24AAWCS0761K1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of Sarigam Clean Initiative is U93000GJ2015NPL083458. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sarigam Clean Initiative has 2 court cases on record: 2 filed against it.
Sarigam Clean Initiative was incorporated on 08 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sarigam Clean Initiative by revenue are Prayagraj Lion Waste Management Private Limited, Zero Discharge Technologies Private Limited, Cleanux Green Solution Limited, Enviro Care India Private Limited, Mayo Vessels and Machines Private Limited and 5 more, all in the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services).
Hiralal Menat was appointed as Additional Director on 06 Aug 2025. Shruti Vishwas Sharma was appointed as Nominee Director on 21 Dec 2024. Devendra Sagar was appointed as Nominee Director on 13 Dec 2024. Sarigam Clean Initiative has 20 board changes on record in total.
The registered office of Sarigam Clean Initiative is at Dy. Exe. Engineer – GIDC Plot No. S.No.341 & 427B Sarigam – Manda Road GIDC Sarigam Ta.Um, Argaon, Valsad, Gujarat, India – 396155.
Sarigam Clean Initiative operates in the environment industry, in the waste management and recycling solutions segment.
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