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
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
Varahi Polymers Private Limited's registered office is in Vallabhiopur, Gujarat.
- 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
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
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
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Varahi Polymers Private Limited, buy the company report.
Financials of Varahi Polymers Private Limited
FY 2025 filings availableVarahi 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)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.15 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹8.28 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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To see the full financial statements and ratios of Varahi Polymers Private Limited, buy the company report.
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
Varahi Polymers Private Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Pipes, Plastic Based Products, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amazon Plastics Private Limited | ₹21.29 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, 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 Limitedthis company | ₹21.12 Cr (FY 2025) | ₹8.28 Lakh | 0.4% | 48.0% | Vallabhiopur, Gujarat, 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 |
To see the full peer comparison of Varahi Polymers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹26.24 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2021 | 100458009 | Hdfc Bank Limited | ₹26.24 Cr | Open |
To see the full charge records of Varahi Polymers Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Varahi Polymers Private Limited has 2 court cases on record: 2 filed by Varahi Polymers. All cases are pending.
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 an individual | Pending |
| District court, Bhavnagar, Gujarat | Criminal complaint | Filed by the company against Hitanshi Trading Corporation | Pending |
To see the full case history of Varahi Polymers Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Varahi Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varahi Polymers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCV9820D1ZC | Gujarat | Active | 29 Apr 2021 |
To see the full GST registrations and return filing status of Varahi Polymers Private Limited, buy the company report.
Recent activity
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.
Frequently asked questions
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 has 3 current directors:
- Mukesh Ravishanker Dave - Director
- Jitenkumar Yogeshbhai Dave - Director
- Kashish Ashit Shah - Director
The latest financial statements of Varahi Polymers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
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, Neelplast Polymers Private Limited, Aditrri Plast Private Limited, Albatross Polymers Private Limited, JSB Polymers Private Limited and 3 more, all in the Manufacturing industry (Pipes, Plastic Based Products, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
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.
Yes, Varahi Polymers is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-05-0007923).
The registered office of Varahi Polymers is at Revenue Survey No. 88 Paiki 4 Near K.E.C.L Plant, Bhavnagar – Ahmedabad National Highway Nava Madhiya, Vallabhiopur, Gujarat, India – 364310.