India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,545 Devanshu Gandhi & family ₹1,300 Cr
Market Cap
₹830 Cr
VADILENT · NSE
Share Price
₹9,520.00
-1.32% today
Revenue
₹524 Cr
FY 2015-16 · +17.4% YoY
EBITDA
₹7.50 Cr
Margin 1.4%
Net Profit
₹0.18 Cr
FY 2015-16 · +100.0% YoY
P/E (TTM)
410.6x
P/B 18.9x
ROE
3.3%
ROCE 10.9%
Debt / Equity
1.71
Interest cover -281.8x
About Vadilal Enterprises Limited
Data last updated:
Vadilal Enterprises Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 30 July 1985 and has been in existence for over 41 years.
Its director Devanshu Gandhi and family are #1,545 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L51100GJ1985PLC007995. Its GSTIN is 24AABCV0988J1Z2 (Gujarat). The company holds 19 GST registrations, all of them active. Its shares are listed on BSE: 519152 and NSE: VADILENT.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹86.27 Lakh. It was formerly known as Mimimax Commercial Company Limited. It is led by directors including Kalpit Rajesh Gandhi (Whole-Time Director) and Devanshubhai Laxmanbhai Gandhi.
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 3rd Floor South Block Puniska House Next To One – 42 Opp, . Jayantilal Park Brts Stop Bopal – Ambli Road Ahmedabad, Gujarat, India – 380058.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,217.28 Cr, a growth of 8.8% compared to the previous year. For the same year it recorded a net profit of ₹7.9 Cr (net margin 0.6%) and EBITDA of ₹36.79 Cr (EBITDA margin 3%). The net worth stands at ₹33.09 Cr (up 48.6% YoY). Total assets are valued at ₹95.27 Cr (up 35.7% YoY).
The company has about 543 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Vadilal Icecreams and Vadilal Group. As per MCA filings, the company has open charges of ₹103.56 Cr and satisfied charges of ₹102.62 Cr on record. Court records list 379 cases involving the company, including 324 filed by the company and 40 filed against it; 60 cases are pending. The company has 56 deals on record (56 market trades); the latest was in September 2026. Its 10 peer companies in the Food and Beverages industry (Food and Beverages Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Shri Bhagwati Agro Industries Private Limited with revenue of ₹1,184.68 Cr. The company has 8 MSME Form 1 returns on record between 2022 and 2024, listing 59 overdue payments to 7 micro and small suppliers.
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.
Company Details of Vadilal Enterprises Limited
CIN L51100GJ1985PLC007995
Registration Number 007995
Incorporation Date 30 July 1985
ROC Ahmedabad
Listing Status Listed (BSE: 519152, NSE: VADILENT)
Company Status Active
Date of Last AGM 23 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Kalpit Rajesh Gandhi Whole-Time Director Devanshubhai Laxmanbhai Gandhi Director Rajesh Kantilal Pandya Director Recognitions & Rankings of Vadilal Enterprises
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address3rd Floor South Block Puniska House Next To One – 42 Opp, . Jayantilal Park Brts Stop Bopal – Ambli Road Ahmedabad, Gujarat, India – 380058
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
Comprehensive company report
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Associated Brands with Vadilal Enterprises Limited
Vadilal Enterprises operates two associated brands: Vadilal Icecreams and Vadilal Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Vadilal manufactures and retails diverse ice cream products through outlets and cafes. | vadilalicecreams.com | |
| Vadilal Group is engaged in manufacturing ice cream and food products. | vadilalgroup.com |
Business Activity of Vadilal Enterprises Limited
The main business activity of Vadilal Enterprises is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
Premium access
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.
Financials of Vadilal Enterprises Limited FY 2025-26 filings available
Vadilal Enterprises Limited reported revenue of ₹1,217.28 Cr (up 8.8% YoY) for FY 2025-26.
Financial Highlights
FY 2015-16 · ConsolidatedRevenue
₹524 Cr
+17.4% YoY
EBITDA
₹7.50 Cr
+17.6% YoY
Profit After Tax
₹0.18 Cr
+100.0% YoY
Net Worth
₹4.02 Cr
+2.6% YoY
Total Assets
₹9.08 Cr
-31.3% YoY
Total Debt
₹4.60 Cr
-48.7% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Income statement | ||
| Revenue | 524 | 446 |
| Revenue growth | +17.4% | - |
| EBITDA | 7.50 | 6.38 |
| EBITDA margin | +1.4% | +1.4% |
| Profit before tax | 0.29 | 0.01 |
| Net profit | 0.18 | 0.09 |
| Net profit margin | +0.0% | +0.0% |
| EPS (₹) | 1.99 | 0.07 |
| Balance sheet | ||
| Total assets | 9.08 | 13.21 |
| Net worth | 4.02 | 3.92 |
| Total debt | 4.60 | 8.97 |
| Cash & bank | 5.71 | 0.68 |
| Net working capital | (68.27) | (62.54) |
| Cash flow | ||
| Cash from operations | 27.91 | 14.59 |
| Cash from investing | (17.42) | (12.10) |
| Cash from financing | (5.39) | (2.56) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,217 | 1,119 | 1,080 | 1,024 | 605 | 371 | 642 |
| Revenue growth | +8.8% | +3.6% | +5.5% | +69.3% | +62.8% | -42.2% | - |
| EBITDA | 36.79 | 23.75 | 14.14 | 8.97 | 12.34 | 15.57 | 13.93 |
| EBITDA margin | +3.0% | +2.1% | +1.3% | +0.9% | +2.0% | +4.2% | +2.2% |
| Profit before tax | 14.11 | 7.62 | 10.05 | 8.60 | 3.02 | 1.25 | (0.47) |
| Net profit | 7.90 | 3.07 | 6.71 | 5.49 | 1.79 | 0.82 | (0.58) |
| Net profit margin | +0.7% | +0.3% | +0.6% | +0.5% | +0.3% | +0.2% | -0.1% |
| EPS (₹) | 121.51 | 66.63 | 87.33 | 71.63 | 25.47 | 9.90 | (9.60) |
| Balance sheet | |||||||
| Total assets | 95.27 | 70.20 | 46.41 | 19.28 | 12.55 | 17.15 | 28.04 |
| Net worth | 33.09 | 22.27 | 18.06 | 11.06 | 5.28 | 3.58 | 2.71 |
| Total debt | 62.18 | 47.47 | 28.35 | 7.27 | 5.99 | 12.56 | 24.67 |
| Cash & bank | 21.67 | 22.26 | 6.89 | 9.09 | 7.16 | 0.93 | 1.25 |
| Net working capital | (86.54) | (74.27) | (67.25) | (63.78) | (59.01) | (65.16) | (70.01) |
| Cash flow | |||||||
| Cash from operations | 42.12 | 32.10 | 17.33 | 7.13 | 24.38 | 14.75 | 22.32 |
| Cash from investing | (49.14) | (39.43) | (35.04) | (3.00) | (10.22) | 1.33 | (16.40) |
| Cash from financing | 6.39 | 12.77 | 16.89 | (2.17) | (9.47) | (16.37) | (6.87) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 704 | 291 | 145 | 264 | 517 | 224 | 136 | 246 |
| Revenue growth (YoY) | +36.2% | +30.2% | +6.3% | +7.5% | +0.7% | - | - | - |
| Other income | 1.30 | 1.73 | 1.30 | 1.40 | 1.11 | 1.88 | 0.76 | 1.98 |
| Total expenses | 666 | 291 | 161 | 244 | 484 | 232 | 155 | 238 |
| EBITDA | 37.90 | 0.44 | (15.99) | 20.03 | 32.32 | (7.94) | (19.12) | 8.48 |
| EBITDA margin | +5.4% | +0.2% | -11.0% | +7.6% | +6.3% | -3.5% | -14.0% | +3.4% |
| Depreciation | 5.98 | 5.33 | 5.01 | 4.96 | 4.70 | 4.25 | 4.23 | 4.00 |
| Interest | 2.06 | 2.39 | 1.83 | 2.16 | 1.85 | 1.47 | 1.84 | 1.35 |
| Profit before tax | 31.16 | (5.55) | (21.53) | 14.31 | 26.88 | (11.78) | (24.43) | 5.11 |
| Tax | 7.86 | (1.33) | (5.41) | 3.62 | 6.78 | (3.02) | (6.12) | 1.28 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 21 Oct 2026
| Particulars | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Revenue | 524 | 446 |
| Revenue growth | +17.4% | - |
| Other income | 1.55 | 1.22 |
| Total expenses | 517 | 440 |
| Employee cost | 17.66 | 13.45 |
| EBITDA | 7.50 | 6.38 |
| EBITDA margin | +1.4% | +1.4% |
| Depreciation | 7.83 | 6.40 |
| Interest | 0.93 | 1.19 |
| Profit before tax | 0.29 | 0.01 |
| Tax | 0.17 | 0.00 |
| Net profit | 0.18 | 0.09 |
| Net profit margin | +0.0% | +0.0% |
| EPS (₹) | 1.99 | 0.07 |
| Particulars | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Equity & liabilities | ||
| Share capital | 0.86 | 0.86 |
| Reserves & surplus | 3.16 | 3.06 |
| Shareholders' funds (net worth) | 4.02 | 3.92 |
| Minority interest | 0.00 | 0.00 |
| Secured loans | 3.05 | 7.14 |
| Unsecured loans | 1.55 | 1.83 |
| Total debt | 4.60 | 8.97 |
| Total liabilities | 9.08 | 13.21 |
| Assets | ||
| Gross block | 86.31 | 72.95 |
| Net block | 44.69 | 34.23 |
| Capital work in progress | 5.15 | 6.50 |
| Investments | 0.10 | 0.04 |
| Inventories | 0.98 | 1.09 |
| Sundry debtors | 22.40 | 21.24 |
| Cash & bank balances | 5.71 | 0.68 |
| Loans & advances | 9.53 | 8.88 |
| Total current assets | 38.62 | 31.89 |
| Total current liabilities | 107 | 94.43 |
| Net working capital | (68.27) | (62.54) |
| Total assets | 9.08 | 13.21 |
| Particulars | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Opening cash | 0.61 | 0.68 |
| Net cash from operating activities | 27.91 | 14.59 |
| Net cash from investing activities | (17.42) | (12.10) |
| Net cash from financing activities | (5.39) | (2.56) |
| Net change in cash | 5.10 | (0.07) |
| Closing cash | 5.71 | 0.68 |
| Particulars | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Growth | ||
| Sales growth | +17.4% | - |
| EBITDA growth | +17.6% | - |
| PBT growth | +2800.0% | +9997.0% |
| Net income growth | +100.0% | - |
| Profitability & leverage | ||
| Net income margin | +0.0% | 0.0% |
| Return on capital employed | +11.0% | +9.0% |
| Return on net worth | +3.3% | +2.3% |
| Debt / equity | 1.71 | 2.29 |
| Long-term debt / equity | 0.31 | 0.30 |
| Interest cover | -281.82 | -5,950.00 |
| Efficiency & per share | ||
| Fixed asset turnover | 6.58 | 6.12 |
| Inventory turnover | 506.33 | 409.39 |
| Debtors turnover | 24.02 | 21.01 |
| EPS (₹) | 1.99 | 0.07 |
| Dividend per share (₹) | 0.80 | 0.80 |
| Book value per share (₹) | 46.68 | 45.48 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 704 | 291 | 145 | 264 | 517 | 224 | 136 | 246 |
| Revenue growth (YoY) | +36.2% | +30.2% | +6.3% | +7.5% | +0.7% | - | - | - |
| Other income | 1.30 | 1.73 | 1.30 | 1.40 | 1.11 | 1.88 | 0.76 | 1.98 |
| Total expenses | 666 | 291 | 161 | 244 | 484 | 232 | 155 | 238 |
| EBITDA | 37.90 | 0.44 | (15.99) | 20.03 | 32.32 | (7.94) | (19.12) | 8.48 |
| EBITDA margin | +5.4% | +0.2% | -11.0% | +7.6% | +6.3% | -3.5% | -14.0% | +3.4% |
| Depreciation | 5.98 | 5.33 | 5.01 | 4.96 | 4.70 | 4.25 | 4.23 | 4.00 |
| Interest | 2.06 | 2.39 | 1.83 | 2.16 | 1.85 | 1.47 | 1.84 | 1.35 |
| Profit before tax | 31.16 | (5.55) | (21.53) | 14.31 | 26.88 | (11.78) | (24.43) | 5.11 |
| Tax | 7.86 | (1.33) | (5.41) | 3.62 | 6.78 | (3.02) | (6.12) | 1.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,217 | 1,119 | 1,080 | 1,024 | 605 | 371 | 642 |
| Revenue growth | +8.8% | +3.6% | +5.5% | +69.3% | +62.8% | -42.2% | - |
| Other income | 5.55 | 6.14 | 11.81 | 12.04 | 4.59 | 3.78 | 2.58 |
| Total expenses | 1,180 | 1,095 | 1,066 | 1,015 | 592 | 356 | 628 |
| Employee cost | 60.51 | 47.42 | 41.37 | 38.64 | 30.82 | 26.08 | 31.06 |
| EBITDA | 36.79 | 23.75 | 14.14 | 8.97 | 12.34 | 15.57 | 13.93 |
| EBITDA margin | +3.0% | +2.1% | +1.3% | +0.9% | +2.0% | +4.2% | +2.2% |
| Depreciation | 20.00 | 16.13 | 12.40 | 11.07 | 11.74 | 13.27 | 13.86 |
| Interest | 8.23 | 6.14 | 3.50 | 1.34 | 2.17 | 4.83 | 3.12 |
| Profit before tax | 14.11 | 7.62 | 10.05 | 8.60 | 3.02 | 1.25 | (0.47) |
| Tax | 3.66 | 1.89 | 2.54 | 2.44 | 0.81 | 0.38 | 0.35 |
| Net profit | 7.90 | 3.07 | 6.71 | 5.49 | 1.79 | 0.82 | (0.58) |
| Net profit margin | +0.7% | +0.3% | +0.6% | +0.5% | +0.3% | +0.2% | -0.1% |
| EPS (₹) | 121.51 | 66.63 | 87.33 | 71.63 | 25.47 | 9.90 | (9.60) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 |
| Reserves & surplus | 32.23 | 21.41 | 17.20 | 10.20 | 4.42 | 2.72 | 1.85 |
| Shareholders' funds (net worth) | 33.09 | 22.27 | 18.06 | 11.06 | 5.28 | 3.58 | 2.71 |
| Secured loans | 60.18 | 45.24 | 25.94 | 5.36 | 5.99 | 11.07 | 23.33 |
| Unsecured loans | 2.00 | 2.23 | 2.41 | 1.91 | 0.00 | 1.49 | 1.34 |
| Total debt | 62.18 | 47.47 | 28.35 | 7.27 | 5.99 | 12.56 | 24.67 |
| Total liabilities | 95.27 | 70.20 | 46.41 | 19.28 | 12.55 | 17.15 | 28.04 |
| Assets | |||||||
| Gross block | 250 | 188 | 151 | 122 | 122 | 130 | 137 |
| Net block | 152 | 96.83 | 68.23 | 44.01 | 47.32 | 58.26 | 65.08 |
| Capital work in progress | 0.00 | 18.14 | 18.79 | 11.75 | 0.10 | 0.03 | 5.90 |
| Investments | 0.37 | 0.42 | 0.42 | 0.29 | 0.21 | 0.13 | 0.12 |
| Inventories | 57.79 | 41.52 | 48.12 | 49.10 | 33.73 | 28.05 | 25.35 |
| Sundry debtors | 62.92 | 59.78 | 47.99 | 38.47 | 32.59 | 26.81 | 25.03 |
| Cash & bank balances | 21.67 | 22.26 | 6.89 | 9.09 | 7.16 | 0.93 | 1.25 |
| Loans & advances | 24.95 | 15.62 | 14.13 | 10.95 | 5.62 | 5.76 | 7.66 |
| Total current assets | 167 | 139 | 117 | 108 | 79.10 | 61.55 | 59.29 |
| Total current liabilities | 254 | 213 | 184 | 171 | 138 | 127 | 129 |
| Net working capital | (86.54) | (74.27) | (67.25) | (63.78) | (59.01) | (65.16) | (70.01) |
| Total assets | 95.27 | 70.20 | 46.41 | 19.28 | 12.55 | 17.15 | 28.04 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 11.66 | 6.22 | 7.04 | 5.08 | 0.39 | 0.68 | 1.63 |
| Net cash from operating activities | 42.12 | 32.10 | 17.33 | 7.13 | 24.38 | 14.75 | 22.32 |
| Net cash from investing activities | (49.14) | (39.43) | (35.04) | (3.00) | (10.22) | 1.33 | (16.40) |
| Net cash from financing activities | 6.39 | 12.77 | 16.89 | (2.17) | (9.47) | (16.37) | (6.87) |
| Net change in cash | (0.63) | 5.44 | (0.82) | 1.96 | 4.70 | (0.29) | (0.95) |
| Closing cash | 21.67 | 22.26 | 6.89 | 9.09 | 7.16 | 0.93 | 1.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +8.8% | +3.6% | +5.5% | +69.3% | +62.8% | -42.2% | - |
| EBITDA growth | +54.9% | +68.0% | +57.6% | -27.3% | -20.8% | +11.8% | - |
| PBT growth | +85.2% | -24.2% | +16.9% | +184.8% | +141.6% | +9998.0% | - |
| Net income growth | +157.3% | -54.3% | +22.2% | +206.7% | +118.3% | +241.4% | - |
| Revenue CAGR (3Y) | +5.9% | +22.8% | +42.8% | +16.8% | -0.9% | -14.2% | +5.2% |
| EBITDA CAGR (3Y) | +60.1% | +24.4% | -3.2% | -13.7% | -1.6% | +15.0% | +12.9% |
| Profitability & leverage | |||||||
| Net income margin | +0.9% | +0.5% | +0.7% | +0.6% | +0.4% | +0.2% | -0.1% |
| Return on capital employed | +24.8% | +20.0% | +38.0% | +55.8% | +30.9% | +26.8% | 0.0% |
| Return on net worth | +28.5% | +15.2% | +46.1% | +67.2% | +40.2% | +27.0% | 0.0% |
| Debt / equity | 1.98 | 1.88 | 1.22 | 0.81 | 2.09 | 5.92 | 8.08 |
| Long-term debt / equity | 1.44 | 1.24 | 0.79 | 0.45 | 0.59 | 1.92 | 3.52 |
| Interest cover | 49.02 | 80.58 | 201.15 | -63.81 | 361.67 | 210.00 | 4,457.14 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.55 | 6.60 | 7.91 | 8.38 | 4.79 | 2.78 | 4.94 |
| Inventory turnover | 24.51 | 24.97 | 22.22 | 24.72 | 19.58 | 13.91 | 27.40 |
| Debtors turnover | 19.84 | 20.77 | 24.99 | 28.82 | 20.36 | 14.33 | 24.15 |
| EPS (₹) | 121.51 | 66.63 | 87.33 | 71.63 | 25.47 | 9.90 | (9.60) |
| Dividend per share (₹) | 1.50 | 1.50 | 1.50 | 1.50 | 1.25 | 0.00 | 0.00 |
| Book value per share (₹) | 384.77 | 258.95 | 210.00 | 128.60 | 61.28 | 41.57 | 31.40 |
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Board of Directors of Vadilal Enterprises Limited
Vadilal Enterprises has 5 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devanshubhai Laxmanbhai Gandhi Also directs: Vegizo Food Hub LLP, Asseteur Realty LLP, Workserve Business Consultancy LLP and 5 more | Director | 19 Nov 1990 | 35 Years 11 Months | Current |
| Kalpit Rajesh Gandhi Also directs: Vadilal Delights Limited, Vadilal International Private Limited, Kalpit Realty and Services Limited and 5 more | Whole-Time Director | 14 Aug 2025 | 1 Years 2 Months | Current |
| Rajesh Kantilal Pandya Also directs: Vadilal Chemicals Limited, Majestic Farm House Limited, Volute Constructions Ltd and 3 more | Director | 26 May 2025 | 1 Years 4 Months | Current |
| Mansi Janmejay Vyas Also directs: Discus Solutions LLP, Azafran Ventures Private Limited, Azafran Innovacion Limited and 3 more | Director | 13 May 2025 | 1 Years 5 Months | Current |
| Janmejay Virendrabhai Gandhi Also directs: Vegizo Food Hub LLP, Vadilal Industries Limited, Vadilal International Private Limited and 5 more | Director | 13 May 2025 | 1 Years 5 Months | Current |
Peer Comparison of Vadilal Enterprises Limited
Vadilal Enterprises Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vadilal Enterprises Limited this company | ₹1,217.28 Cr (FY 2026) | •••• | •••• | 8.8% | •••• | Ahmedabad, Gujarat, India |
| Shri Bhagwati Agro Industries Private Limited | ₹1,184.68 Cr (FY 2022) | •••• | •••• | 33.0% | •••• | Indore, Madhya Pradesh, India |
| Wine Enterprises Private Limited | ₹1,156.58 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Amritsar, Punjab, India |
| Shivababa Foods Private Limited | ₹1,151.72 Cr (FY 2025) | •••• | •••• | 1050.0% | •••• | Indore, Madhya Pradesh, India |
| Sastasundar Healthbuddy Limited | ₹1,132.78 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Kolkata, West Bengal, India |
| Farmersfortune (India) Private Limited | ₹1,131.3 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Mumbai, Maharashtra, India |
| Apparel Group India Private Limited | ₹1,118.13 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Mumbai, Maharashtra, India |
| Maxgrow Overseas Limited | ₹1,113.34 Cr (FY 2018) | •••• | •••• | -12.0% | •••• | Kolkata, West Bengal, India |
| Vaibhav Laxmi Capital Market Pvt Ltd | ₹1,109.36 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Kolkata, West Bengal, India |
| Mohan Mutha Exports Private Limited | ₹1,075.06 Cr (FY 2024) | •••• | •••• | 41.0% | •••• | Chennai, Tamil Nadu, India |
| P and R Mercantile Private Limited | ₹1,073.18 Cr (FY 2024) | •••• | •••• | 86.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Vadilal Enterprises by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution), 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 Vadilal Enterprises Limited
Vadilal Enterprises Limited is audited by ARPIT PATEL AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ARPIT PATEL AND ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
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- Auditor changes
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Shareholding Pattern of Vadilal Enterprises Limited
Shareholding for the quarter ended Sep 2026: promoters hold 51.00%, foreign institutional investors hold 0.50%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 48.50%.
Sep 2026
QUARTER
51.00% Promoters
0.50% FII (Foreign Institutional)
48.50% Retail & Others
Promoter holding - history
Now 51.00% · Sep 2026High 51.30% · Dec 2025Low 51.00% · Sep 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 51.00% | 51.10% | 51.30% | 51.30% |
| Public | 49.00% | 48.90% | 48.70% | 48.70% |
Charges & Borrowings of Vadilal Enterprises Limited
Open charges
₹103.56 Cr
Satisfied charges
₹102.62 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Dec 2025 | Others | ₹23 Cr | Open |
| 12 Nov 2024 | Others | ₹30.5 Cr | Open |
| 29 Mar 2023 | Others | ₹49.94 Cr | Open |
| 12 Nov 2021 | Hdfc Bank Limited | ₹12.48 Lakh | Open |
| 30 Jun 2023 | Tata Capital Financial Services Limited | ₹15 Cr | Satisfied |
Total charge records: 17 View all charges
Deals & Funding of Vadilal Enterprises Limited
Vadilal Enterprises Limited has 56 deals on record (56 market trades); the latest was in September 2026.
Total deals
56
Market trades
56
Deals on record (5 of 56)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2024 | Market trade | ₹3.84 Cr | Buyer: Unico Global Opportunities Fund Limited Seller: Affluence Shares and Stocks Private Limited |
| Oct 2024 | Market trade | ₹10.36 Cr | Seller: Brescon Ventures Private Limited , an individual |
| Jan 2024 | Market trade | ₹1.84 Cr | Buyer: an individual Seller: Trinity Credit Management Services LLP |
| Jan 2024 | Market trade | ₹3.31 Cr | Buyer: an individual Seller: Trinity Credit Management Services LLP |
| Jul 2023 | Market trade | ₹19.71 Cr | Buyer: Trinity Credit Management Services LLP Seller: Sanrina Consultancy Private Limited , an individual |
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Full deal history
All 56 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
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Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Vadilal Enterprises Limited
Vadilal Enterprises Limited has 379 court cases on record: 324 filed by Vadilal Enterprises, 40 filed against it, 15 where it is another party. 60 cases are pending and 319 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Total cases
379
Filed by the company
324
Filed against the company
40
Pending
60
Disposed
319
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 326 | 11 | 43 |
| High courts | 28 | 4 | 7 |
| NCLAT | 25 | 25 | 10 |
Cases on record (5 of 379)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by Newdrop Enterprises Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Vijay Enterprises Pvt Ltd | Pending |
| NCLAT, New Delhi | Company appeal | Filed against the company by Axilrod Private Limited and 7 others | Disposed |
| High Court of Gujarat | Arbitration matter | Filed by the company against Suvidha Infraestate Corporation Limited | Disposed |
| High Court of Gujarat | Arbitration matter | Filed by the company against Thakur Traders | Pending |
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Full case history
All 379 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by Vadilal Enterprises Limited
Vadilal Enterprises Limited has 8 MSME Form 1 returns on record between 2022 and 2024, listing 59 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Devi Technocraft Private Limited | •••• | •••• | •••• |
| Autoplant System India Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Legasis Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 8 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 Vadilal Enterprises Limited
Vadilal Enterprises Limited has a workforce of 543 employees as of Apr 07, 2024.
Employee count
543
Active EPFO establishments
2
Employee growth
4.62%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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- Establishment history
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Recent Activity on Vadilal Enterprises Limited
Vadilal Enterprises Limited has 31 board changes on record since 1986: 18 appointments and 13 cessations. The latest: Ashish Harishkumar Modi ceased to be Director on 23 Sep 2025.
Charges
A charge with Others amounted to Rs. 23.00 Cr with Charge ID 101216058 was registered on 22 Dec 2025.
Charges
A charge with Others of Rs. 23.00 Cr registered on 22 Dec 2025 with Charge ID 101216058 was modified on 22 Dec 2025.
Charges
A charge with Others of Rs. 30.50 Cr registered on 12 Nov 2024 with Charge ID 101007867 was modified on 02 Dec 2025.
AGM
Vadilal Enterprises Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records.
Ceased
Ashish Harishkumar Modi ceased to be Director.
Appointed
Kalpit Rajesh Gandhi was appointed as Whole-Time Director.
Ceased
Rajeshbhai Ramchandrabhai Gandhi ceased to be Director.
Ceased
Chetankumar Manmohanbhai Tamboli ceased to be Director.
Appointed
Rajesh Kantilal Pandya was appointed as Director.
Appointed
Janmejay Virendrabhai Gandhi was appointed as Director.
Ceased
Mamta Rajeshkumar Gandhi ceased to be Director.
Appointed
Mansi Janmejay Vyas was appointed as Director.
61 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vadilal Enterprises Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
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Subsidiaries & Group Companies of Vadilal Enterprises Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Vadilal Enterprises Limited
Vadilal Enterprises has 19 GST registrations: 19 active. The first 4 active GSTINs are listed below.
Total GSTINs
19
Active
19
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCV0988J1Z2 | Gujarat | Active | 01 Jul 2017 |
| 24AABCV0988J2Z1 | Gujarat | Active | 06 Jul 2017 |
| 02AABCV0988J1Z8 | Himachal Pradesh | Active | 01 Jul 2017 |
| 04AABCV0988J1Z4 | Chandigarh | Active | 01 Jul 2017 |
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GST registrations and filing compliance
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MCA Filings & Documents of Vadilal Enterprises 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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Related news about Vadilal Enterprises Limited
Frequently Asked Questions about Vadilal Enterprises Limited
Vadilal Enterprises is an active public limited company based in Ahmedabad, Gujarat, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 30 July 1985 (41+ years old) and is registered under CIN L51100GJ1985PLC007995. Listed on BSE: 519152 and NSE: VADILENT.
Vadilal Enterprises reported revenue of ₹1,217.28 Cr for FY 2025-26 (up 8.8% YoY) based on standalone financials.
Vadilal Enterprises has 5 current directors:
- Kalpit Rajesh Gandhi - Whole-Time Director
- Devanshubhai Laxmanbhai Gandhi - Director
- Rajesh Kantilal Pandya - Director
- Mansi Janmejay Vyas - Director
- Janmejay Virendrabhai Gandhi - Director
The GSTIN of Vadilal Enterprises is 24AABCV0988J1Z2, registered in Gujarat. The company has 19 GST registrations in all, of which 19 are active. Other active GSTINs include 24AABCV0988J2Z1 (Gujarat), 02AABCV0988J1Z8 (Himachal Pradesh), 04AABCV0988J1Z4 (Chandigarh).
The CIN (Corporate Identification Number) of Vadilal Enterprises is L51100GJ1985PLC007995. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Vadilal Enterprises is listed on both BSE (code: 519152) and NSE (symbol: VADILENT).
Vadilal Enterprises has 379 court cases on record: 324 filed by the company and 40 filed against it. 60 are pending. Most are in the district courts.
Vadilal Enterprises was incorporated on 30 July 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vadilal Enterprises has 56 deals on record (56 market trades); the latest was in September 2026.
The peers of Vadilal Enterprises by revenue are Shri Bhagwati Agro Industries Private Limited, Wine Enterprises Private Limited, Shivababa Foods Private Limited, Sastasundar Healthbuddy Limited, Farmersfortune (India) Private Limited and 5 more, all in the Food and Beverages industry (Food and Beverages Retail and Distribution).
Ashish Harishkumar Modi ceased to be Director on 23 Sep 2025. Kalpit Rajesh Gandhi was appointed as Whole-Time Director on 14 Aug 2025. Rajeshbhai Ramchandrabhai Gandhi ceased to be Director on 14 Aug 2025. Vadilal Enterprises has 31 board changes on record in total.
Vadilal Enterprises has 8 MSME Form 1 returns on record between 2022 and 2024, listing 59 overdue payments to 7 micro and small suppliers. The latest return was filed on 30 Apr 2024.