India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,545 Devanshu Gandhi & family ₹1,300 Cr
Market Cap
₹820 Cr
VADILENT · NSE
Share Price
₹9,500.00
-0.42% 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. It is a listed company as per MCA records. 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 2026. 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 474 cases involving the company, including 405 filed by the company and 69 filed against it; 110 cases are pending. The company has 56 deals on record (56 market trades); the latest was in September 2026. 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
CIN L51100GJ1985PLC007995
Registration Number 007995
Incorporation Date 30 July 1985
ROC Ahmedabad
Listing Status Listed - Listed on NSE (VADILENT); Listed on BSE (519152)
Company Status Active
Date of Last AGM 23 September 2025
Date of Balance Sheet 31 March 2026
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
Vadilal Enterprises Limited's registered office is in Ahmedabad, Gujarat. Its website is vadilalgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Vadilal Enterprises Limited, buy the company report.
Comprehensive company report
Vadilal Enterprises 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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Brands
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
The main business activity of Vadilal Enterprises is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Vadilal Enterprises Limited, buy the company report.
Financials of Vadilal Enterprises Limited
FY 2025-26 filings availableVadilal 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 22 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 |
To see the full year-wise statements and ratios of Vadilal Enterprises Limited, buy the company report.
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 |
Auditor
Vadilal Enterprises Limited is audited by ARPIT PATEL AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARPIT PATEL AND ASSOCIATES | FY 2023 | 144032W |
Shareholding
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
Open charges
₹103.56 Cr
Satisfied charges
₹102.62 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2025 | 101216058 | Others | ₹23 Cr | Open | |
| 12 Nov 2024 | 101007867 | Others | ₹30.5 Cr | Open | |
| 29 Mar 2023 | 100703377 | Others | ₹49.94 Cr | Open | |
| 12 Nov 2021 | 100505800 | Hdfc Bank Limited | ₹12.48 Lakh | Open | |
| 30 Jun 2023 | 100738437 | Tata Capital Financial Services Limited | ₹15 Cr | Satisfied |
To see the full charge records of Vadilal Enterprises Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
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 |
To see the full deal history of Vadilal Enterprises Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vadilal Enterprises Limited has 474 court cases on record: 405 filed by Vadilal Enterprises, 69 filed against it. 110 cases are pending and 364 are disposed.
Total cases
474
Filed by the company
405
Filed against the company
69
Pending
110
Disposed
364
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 403 | 18 | 87 |
| High courts | 29 | 9 | 7 |
| NCLAT | 25 | 25 | 10 |
| NCLT | 15 | 15 | 5 |
| Supreme Court | 2 | 2 | 1 |
Cases on record (5 of 474)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by New Drop Enterprises Pvt. Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by Vortex Ice - Cream Private Limited and 6 others | Disposed |
| NCLT, Ahmedabad | Interim or miscellaneous application | Filed against the company by Vortex Ice - Cream Private Limited Now Axilrod Pvt. Ltd and 6 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR A) | Filed against the company | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against M/S. Rajguru Enterpriese | Pending |
To see the full case history of Vadilal Enterprises 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.
Credit ratings & regulatory alerts
Vadilal Enterprises Limited was last rated by Care on 27 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 27 Sep 2022 |
To see the full credit ratings and regulatory alerts of Vadilal Enterprises Limited, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of Vadilal Enterprises Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vadilal Enterprises Limited has a workforce of 543 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
Employee count
543
Active EPFO establishments
2
Employee growth
4.62%
GST
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 |
To see the full GST registrations and return filing status of Vadilal Enterprises Limited, buy the company report.
Recent activity
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.
Filing
Vadilal Enterprises Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
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.
61 earlier events are in the company report.
News
Frequently asked questions
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 latest financial statements of Vadilal Enterprises on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
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 a listed company as per MCA records. Its shares are listed on both BSE (code: 519152) and NSE (symbol: VADILENT).
Vadilal Enterprises has 474 court cases on record: 405 filed by the company and 69 filed against it. 110 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.
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.