MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-06-0002745
Suyog Elements India Limited - metals and minerals in Bharuch, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹83.99 Cr
▼ 2% YoY
Net profit · FY 2025
₹4.73 Cr
Net margin 5.6%
EBITDA · FY 2025
₹9.37 Cr
EBITDA margin 11.2%
Authorised capital
₹99 Lakh
Registered with MCA
Paid-up capital
₹76.91 Lakh
Issued & subscribed
Open charges
₹42.28 Cr
Satisfied ₹8.32 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
53
Provident fund records
About Suyog Elements India Limited
Data last updated:
Suyog Elements India Limited is a public limited company based in Bharuch, Gujarat, India. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 19 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2013PLC076091. Its GSTIN is 24AATCS3955N1ZI (Gujarat).
The company has an authorised share capital of ₹99 Lakh and a paid-up capital of ₹76.91 Lakh. It is led by directors including Suresh Harjivanbhai Varsada and Yogesh Harjivanbhai Varsada.
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 Bharuch, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹83.99 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹4.73 Cr (net margin 5.6%) and EBITDA of ₹9.37 Cr (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 44% over five years.
The company has about 53 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹42.28 Cr and satisfied charges of ₹8.32 Cr on record.
Suyog Elements India Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-06-0002745). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website suyogsuppliers.com.
Company Details of Suyog Elements India Limited
CIN U24100GJ2013PLC076091
Registration Number 076091
Incorporation Date 19 July 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-06-0002745
CIN History of Suyog Elements India Limited
Suyog Elements India has one previous CIN (Corporate Identification Number): U24100GJ2013PTC076091. The current CIN is U24100GJ2013PLC076091, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100GJ2013PLC076091 | Current |
| U24100GJ2013PTC076091 | Previous |
Key People
Suresh Harjivanbhai Varsada Director Yogesh Harjivanbhai Varsada Director Jayesh Kishanlal Savjani Additional Director Recognitions & Rankings of Suyog Elements India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. 1306 1307 1311 1312, 1313 And 1314/1 Palej Sadhli Road Palej GIDC, Bharuch, Gujarat, India – 392220
- IndustryMetals and Minerals, Other Metals & Minerals
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Business Activity of Suyog Elements India Limited
The main business activity of Suyog Elements India is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Suyog Elements India Limited FY 2025 filings available
Suyog Elements India Limited reported revenue of ₹83.99 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹83.99 Cr ▼ 2%
Net profit · FY 2025
₹4.73 Cr margin 5.6%
EBITDA · FY 2025
₹9.37 Cr margin 11.2%
Compounded Annual Growth Rate (CAGR) of Suyog Elements India Limited
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 27%
5 years · compounded
▲ 44%
EBITDA CAGR growth
1 year
▼ 33%
3 years · compounded
▲ 2%
5 years · compounded
▲ 32%
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 44%. EBITDA fell 33% 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 Suyog Elements India Limited
| 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 | ₹83.99 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹9.37 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.73 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 of Suyog Elements India Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.6% | •••• | •••• | •••• | •••• |
| 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 Suyog Elements India are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Suyog Elements India Limited
Suyog Elements India has 4 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 |
|---|---|---|---|---|
| Suresh Harjivanbhai Varsada Also directs: Suyog Elements & Minerals LLP, Abs Aromatics LLP | Director | 19 Jul 2013 | 13 Years 3 Months | Current |
| Yogesh Harjivanbhai Varsada Also directs: Suyog Elements & Minerals LLP | Director | 19 Jul 2013 | 13 Years 3 Months | Current |
| Jayesh Kishanlal Savjani | Additional Director | 06 Apr 2026 | 0 Years 6 Months | Current |
| Vaishaliben Kanjibhai Vadodariya | Additional Director | 06 Apr 2026 | 0 Years 6 Months | Current |
Peer Comparison of Suyog Elements India Limited
Suyog Elements India Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Other Minerals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Assurance Metalloyd Exim Private Limited | ₹85.43 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Bhubaneswar, Odisha, India |
| Copperwrx Metals Private Limited | ₹85.18 Cr (FY 2025) | •••• | •••• | •••• | Surat, Gujarat, India | |
| Shyam Oxides Private Limited | ₹84.86 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Vaslsad, Gujarat, India |
| Imerys Ceramics (India) Private Limited | ₹84.78 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Secunderabad, Telangana, India |
| Lucky Coke Industries Private Limited | ₹84.58 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Kolkata, West Bengal, India |
| PHD Ferro Alloys Limited | ₹84.22 Cr (FY 2019) | •••• | •••• | 203.0% | •••• | Ahmedabad, Gujarat, India |
| Suyog Elements India Limited this company | ₹83.99 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Bharuch, Gujarat, India |
| Nu-Horizen Metchem Private Limited | ₹83.69 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Jamshedpur, Jharkhand, India |
| KRL Infratech (India) Limited | ₹83.43 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Kolkata, West Bengal, India |
| A&J Minechem Private Limited | ₹82.51 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Morbi, Gujarat, India |
| Snam Abrasives Private Limited | ₹82.15 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Suyog Elements India by revenue in the Metals and Minerals industry (Other Minerals), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Suyog Elements India Limited
Suyog Elements India Limited is audited by Hardik Jivrajbhai Kakadiya for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Hardik Jivrajbhai Kakadiya | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Suyog Elements India Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Suyog Elements India Limited
Open charges
₹42.28 Cr
Satisfied charges
₹8.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Jul 2025 | Axis Bank Limited | ₹10 Cr | Open |
| 30 Mar 2017 | Hdfc Bank Limited | ₹32.28 Cr | Open |
| 26 Mar 2014 | Idbi Bank Limited | ₹4.16 Cr | Satisfied |
| 21 Mar 2014 | Idbi Bank Limited | ₹4.16 Cr | Satisfied |
Total charge records: 4 View all charges
MSME Payment Delays by Suyog Elements India Limited
Suyog Elements India Limited has 3 MSME Form 1 returns on record between 2019 and 2021, listing 15 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Someshwar Coal | •••• | •••• | •••• |
| Laxmi En-Fab Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Suyog Elements India Limited
Suyog Elements India Limited has a workforce of 53 employees as of Apr 08, 2024.
Employee count
53
Active EPFO establishments
1
Employee growth
23.26%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Suyog Elements India Limited
Suyog Elements India Limited has 5 board changes on record since 2013: 4 appointments and 1 cessation. The latest: Jayesh Kishanlal Savjani was appointed as Additional Director on 06 Apr 2026.
Appointed
Jayesh Kishanlal Savjani was appointed as Additional Director.
Appointed
Vaishaliben Kanjibhai Vadodariya was appointed as Additional Director.
AGM
Suyog Elements India Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited amounted to Rs. 1,000.00 Lakh with Charge ID 101134192 was registered on 11 Jul 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 3,227.76 Lakh registered on 30 Mar 2017 with Charge ID 100108500 was modified on 23 Apr 2025.
Filing
Suyog Elements India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Bhavesh Jadvajibhai Dava ceased to be Director.
Charges
A charge registered on 26 Mar 2014 via Charge ID 10494276 with Idbi Bank Limited was fully satisfied on 31 Oct 2017.
Charges
A charge registered on 21 Mar 2014 via Charge ID 10494269 with Idbi Bank Limited was fully satisfied on 31 Oct 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3,227.76 Lakh with Charge ID 100108500 was registered on 30 Mar 2017.
Charges
A charge with Idbi Bank Limited amounted to Rs. 416.00 Lakh with Charge ID 10494276 was registered on 26 Mar 2014.
Charges
A charge with Idbi Bank Limited amounted to Rs. 416.00 Lakh with Charge ID 10494269 was registered on 21 Mar 2014.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Suyog Elements India Limited
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Subsidiaries & Group Companies of Suyog Elements India Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Suyog Elements India Limited
Suyog Elements India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AATCS3955N1ZI | Gujarat | Active | 01 Jul 2017 |
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MCA Filings & Documents of Suyog Elements India Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Suyog Elements India Limited
Suyog Elements India is an active public limited company based in Bharuch, Gujarat, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 19 July 2013 (13+ years old) and is registered under CIN U24100GJ2013PLC076091.
Suyog Elements India reported revenue of ₹83.99 Cr for FY 2025 (down 2% YoY).
Suyog Elements India has 4 current directors:
- Suresh Harjivanbhai Varsada - Director
- Yogesh Harjivanbhai Varsada - Director
- Jayesh Kishanlal Savjani - Additional Director
- Vaishaliben Kanjibhai Vadodariya - Additional Director
Suyog Elements India reported a net profit of ₹4.73 Cr (net margin 5.6%) and EBITDA of ₹9.37 Cr (EBITDA margin 11.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Suyog Elements India is 27% over three years and 44% over five years. In the latest year (FY 2025) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Suyog Elements India is 24AATCS3955N1ZI, registered in Gujarat.
The CIN (Corporate Identification Number) of Suyog Elements India is U24100GJ2013PLC076091. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Suyog Elements India was incorporated on 19 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Suyog Elements India by revenue are Assurance Metalloyd Exim Private Limited, Copperwrx Metals Private Limited, Shyam Oxides Private Limited, Imerys Ceramics (India) Private Limited, Lucky Coke Industries Private Limited and 5 more, all in the Metals and Minerals industry (Other Minerals).
Jayesh Kishanlal Savjani was appointed as Additional Director on 06 Apr 2026. Vaishaliben Kanjibhai Vadodariya was appointed as Additional Director on 06 Apr 2026. Bhavesh Jadvajibhai Dava ceased to be Director on 28 Mar 2021. Suyog Elements India has 5 board changes on record in total.
Yes, Suyog Elements India is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-06-0002745).
Suyog Elements India has 3 MSME Form 1 returns on record between 2019 and 2021, listing 15 overdue payments to 6 micro and small suppliers. The latest return was filed on 13 May 2021.