MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-05-0007923
Varahi Polymers Private Limited
Varahi Polymers Private Limited - machinery and equipment in Vallabhiopur, Gujarat, India. Directors, charges & compliance details.
Revenue · FY 2025
₹21.12 Cr
▲ 48% YoY
Net profit · FY 2025
₹8.28 Lakh
Net margin 0.4%
EBITDA · FY 2025
₹3.15 Cr
EBITDA margin 14.9%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹26.24 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Directors on board
3
As per MCA filings
About Varahi Polymers Private Limited
Data last updated:
Varahi Polymers Private Limited is a private limited company based in Vallabhiopur, Gujarat, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 23 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27200GJ2021PTC121508. Its GSTIN is 24AAHCV9820D1ZC (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Mukesh Ravishanker Dave and Jitenkumar Yogeshbhai Dave.
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 Vallabhiopur, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.12 Cr, a growth of 48% compared to the previous year. For the same year it recorded a net profit of ₹8.28 Lakh (net margin 0.4%) and EBITDA of ₹3.15 Cr (EBITDA margin 14.9%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years.
The company is associated with 1 brand: Varahi Polymer. As per MCA filings, the company has open charges of ₹26.24 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending.
Varahi Polymers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-05-0007923). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Varahi Polymers Private Limited
CIN U27200GJ2021PTC121508
Registration Number 121508
Incorporation Date 23 March 2021
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 Small
Udyam Registration UDYAM-GJ-05-0007923
Key People
Mukesh Ravishanker Dave Director Jitenkumar Yogeshbhai Dave Director Kashish Ashit Shah Director Recognitions & Rankings of Varahi Polymers
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressRevenue Survey No. 88 Paiki 4 Near K.E.C.L Plant, Bhavnagar – Ahmedabad National Highway Nava Madhiya, Vallabhiopur, Gujarat, India – 364310
- IndustryMachinery and Equipment, Industrial Tools & Components
Comprehensive company report
Varahi Polymers Private Limited - one report that includes everything
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- Legal cases, compliance and MCA filings
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Associated Brands with Varahi Polymers Private Limited
Varahi Polymers operates one associated brand: Varahi Polymer. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Contract manufacturing of sanitary ware products is provided. | varahipolymers.com |
Business Activity of Varahi Polymers Private Limited
The main business activity of Varahi Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
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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 Varahi Polymers Private Limited FY 2025 filings available
Varahi Polymers Private Limited reported revenue of ₹21.12 Cr (up 48% YoY) for FY 2025.
Revenue · FY 2025
₹21.12 Cr ▲ 48%
Net profit · FY 2025
₹8.28 Lakh margin 0.4%
EBITDA · FY 2025
₹3.15 Cr margin 14.9%
Compounded Annual Growth Rate (CAGR) of Varahi Polymers Private Limited
Revenue CAGR growth
1 year
▲ 48%
3 years · compounded
▲ 42%
EBITDA CAGR growth
1 year
▲ 67%
3 years · compounded
▲ 104%
Revenue has grown at a compounded annual rate (CAGR) of 42% over three years, including 48% growth in the latest year. EBITDA rose 67% 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 Varahi Polymers Private 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.15 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.28 Lakh | •••• | •••• | •••• | •••• |
| 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 Varahi Polymers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 Varahi Polymers are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Varahi Polymers Private Limited
Varahi Polymers has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Ravishanker Dave | Director | 23 Mar 2021 | 5 Years 6 Months | Current |
| Jitenkumar Yogeshbhai Dave Also directs: Vorvexa New Energies Private Limited | Director | 23 Mar 2021 | 5 Years 6 Months | Current |
| Kashish Ashit Shah Also directs: Vorvexa New Energies Private Limited | Director | 18 Apr 2022 | 4 Years 6 Months | Current |
Peer Comparison of Varahi Polymers Private Limited
Varahi Polymers Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Pipes, Plastic Based Products, Polymers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amazon Plastics Private Limited | ₹21.29 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Mumbai, Maharashtra, India |
| Satyawat Polymers Private Limited | ₹21.25 Cr (FY 2024) | •••• | •••• | -85.0% | •••• | Bangalore, Karnataka, India |
| Neelplast Polymers Private Limited | ₹21.23 Cr (FY 2024) | •••• | •••• | -50.0% | •••• | Bhubaneswar, Odisha, India |
| Aditrri Plast Private Limited | ₹21.16 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Sriperumbudur, Tamil Nadu, India |
| Albatross Polymers Private Limited | ₹21.14 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Rajkot, Gujarat, India |
| Varahi Polymers Private Limited this company | ₹21.12 Cr (FY 2025) | •••• | •••• | 48.0% | •••• | Vallabhiopur, Gujarat, India |
| J.J. Tubes Private Limited | ₹21.12 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Kolkata, West Bengal, India |
| JSB Polymers Private Limited | ₹21.09 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Pune, Maharashtra, India |
| Raj Technopack Private Limited | ₹21.09 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Delhi, India |
| HN Plastics Private Limited | ₹21.08 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Samana, Punjab, India |
| Simplast Polypacks Private Limited | ₹21.05 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Varahi Polymers by revenue in the Manufacturing industry (Pipes, Plastic Based Products, Polymers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Varahi Polymers Private Limited
Open charges
₹26.24 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jun 2021 | Hdfc Bank Limited | ₹26.24 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Varahi Polymers Private Limited
Varahi Polymers Private Limited has 2 court cases on record: 2 filed by Varahi Polymers. All cases are pending. Status as checked on 21 Sep 2026.
Total cases
2
Filed by the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhavnagar, Gujarat | Criminal complaint | Filed by the company against Hitanshi Trading Corporation | Pending |
| District court, Bhavnagar, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
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Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
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Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Varahi Polymers Private Limited
Employment history and EPFO contributions of people linked to Varahi Polymers.
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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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Verified entity values are shown only after access is granted.
Recent Activity on Varahi Polymers Private Limited
Varahi Polymers Private Limited has 5 board changes on record since 2021: 3 appointments and 2 cessations. The latest: Axaykumar K Vagh ceased to be Director on 16 Feb 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 26.24 Cr registered on 29 Jun 2021 with Charge ID 100458009 was modified on 12 Nov 2025.
AGM
Varahi Polymers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Varahi Polymers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Axaykumar K Vagh ceased to be Director.
Appointed
Kashish Ashit Shah was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 26.24 Cr with Charge ID 100458009 was registered on 29 Jun 2021.
Ceased
Yogesh Ravishanker Dave ceased to be Director.
Appointed
Jitenkumar Yogeshbhai Dave was appointed as Director.
Appointed
Mukesh Ravishanker Dave was appointed as Director.
Incorporation
23 Mar 2021
Varahi Polymers Private Limited was registered on 23 Mar 2021 with Roc Ahmedabad & aged 5 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Varahi Polymers Private 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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MSME Payment Delays by Varahi Polymers Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Varahi Polymers Private 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 Varahi Polymers Private Limited
Varahi Polymers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCV9820D1ZC | Gujarat | Active | 29 Apr 2021 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Varahi Polymers Private 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 Varahi Polymers Private Limited
Varahi Polymers is an active private limited company based in Vallabhiopur, Gujarat, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 23 March 2021 (5+ years old) and is registered under CIN U27200GJ2021PTC121508.
Varahi Polymers reported revenue of ₹21.12 Cr for FY 2025 (up 48% YoY).
Varahi Polymers has 3 current directors:
- Mukesh Ravishanker Dave - Director
- Jitenkumar Yogeshbhai Dave - Director
- Kashish Ashit Shah - Director
Varahi Polymers reported a net profit of ₹8.28 Lakh (net margin 0.4%) and EBITDA of ₹3.15 Cr (EBITDA margin 14.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varahi Polymers is 42% over three years. In the latest year (FY 2025) revenue rose 48%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Varahi Polymers is 24AAHCV9820D1ZC, registered in Gujarat.
The CIN (Corporate Identification Number) of Varahi Polymers is U27200GJ2021PTC121508. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varahi Polymers has 2 court cases on record: 2 filed by the company. 2 are pending.
Varahi Polymers was incorporated on 23 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Varahi Polymers by revenue are Amazon Plastics Private Limited, Satyawat Polymers Private Limited, Neelplast Polymers Private Limited, Aditrri Plast Private Limited, Albatross Polymers Private Limited and 5 more, all in the Manufacturing industry (Pipes, Plastic Based Products, Polymers).
Axaykumar K Vagh ceased to be Director on 16 Feb 2023. Kashish Ashit Shah was appointed as Director on 18 Apr 2022. Yogesh Ravishanker Dave ceased to be Director on 10 Jun 2021. Varahi Polymers has 5 board changes on record in total.