About Vardhman Concrete Limited
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Vardhman Concrete Limited is a public limited company based in Thane, Maharashtra, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 23 October 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1982PLC028556. Its GSTIN is 27AAACS5180J1Z6 (Maharashtra). It is recorded as listed by MCA, but trading in its shares on BSE (531444) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹7.31 Cr. It was formerly known as Stresscrete India Private Limited and Stresscrete India Limited. It is led by directors including Vishal Ramesh Vardhan (Managing Director) and Rajesh Babulal Vardhan.
Its last annual general meeting (AGM) was held on 01 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No – 35/10 Malohop Village Khalapur Raigad, Thane, Maharashtra, India – 410206.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.96 Lakh, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹40.46 Lakh and EBITDA of -₹14.69 Lakh (EBITDA margin -496.6%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 57% over five years.
The company is associated with 1 brand: Vardhman Concrete. As per MCA filings, the company has open charges of ₹239.46 Cr and satisfied charges of ₹14.39 Cr on record. Court records list 19 cases involving the company, including 9 filed by the company and 10 filed against it; 1 case is pending. The company has 19 deals on record (19 market trades); the latest was in March 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vardhmandevelopers.com.
Company details
Name history
Vardhman Concrete has undergone 2 name changes throughout its history. The company was previously known as Stresscrete India Private Limited, and Stresscrete India Limited. The current legal name is Vardhman Concrete Limited.
| Company Name | Status |
|---|---|
| Vardhman Concrete Limited | Current |
| Stresscrete India Private Limited | Previous |
| Stresscrete India Limited | Previous |
CIN history
Vardhman Concrete has one previous CIN (Corporate Identification Number): U99999MH1982PLC028556. The current CIN is L99999MH1982PLC028556, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1982PLC028556 | Current |
| U99999MH1982PLC028556 | Previous |
Contact details
Vardhman Concrete Limited's registered office is in Thane, Maharashtra. Its website is vardhmandevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No – 35/10 Malohop Village Khalapur Raigad, Thane, Maharashtra, India – 410206
- IndustryManufacturing, Construction Materials
To see the full contact details of Vardhman Concrete Limited, buy the company report.
- 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
Brands
Vardhman Concrete operates one associated brand: Vardhman Concrete. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Civil engineering and infrastructure projects are developed by Vardhman Concrete. | vardhmanconcretelimited.com |
Business activity
The main business activity of Vardhman Concrete is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
Financials of Vardhman Concrete Limited
FY 2025 filings availableVardhman Concrete Limited reported revenue of ₹2.96 Lakh (down 18% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 18% fall in the latest year. EBITDA fell 38% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.96 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹14.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹40.46 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -496.6% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Vardhman Concrete Limited, buy the company report.
Board of directors of Vardhman Concrete Limited
Vardhman Concrete has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Babulal Vardhan Also directs: Vardhman Group Realbuild LLP, Vardhan Capital and Finance Limited, Diwali Developers Private Limited and 5 more | Director | 04 Oct 2005 | 21 Years 0 Months | Current |
| Vishal Ramesh Vardhan Also directs: Vardhman Group Realbuild LLP, Vardhan Capital and Finance Limited, Diwali Developers Private Limited and 5 more | Managing Director | 29 Mar 2019 | 7 Years 6 Months | Current |
| Ramesh Babulal Vardhan Also directs: Vardhman Group Realbuild LLP, Vardhan Capital and Finance Limited, Vardhman Home Developers Private Limited and 5 more | Director | 04 Oct 2005 | 21 Years 0 Months | Current |
| Saroj Bhanji Rathod Also directs: Vardhman Developers Limited | Director | 27 Aug 2022 | 4 Years 2 Months | Current |
Auditor
Vardhman Concrete Limited is audited by GP Sharma & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GP Sharma & Co LLP | FY 2023 | 100957W |
Shareholding
The shareholding of Vardhman Concrete Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vardhman Concrete Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2023 | 100742707 | Others | ₹237.75 Cr | Open | |
| 03 Nov 2003 | 90160223 | Citicorp Finance India Ltd. | ₹6.27 Lakh | Open | |
| 15 Mar 1998 | 90156804 | United Bank of India | ₹45 Lakh | Open | |
| 08 Jul 1992 | 90154928 | United Bank of India | ₹75 Lakh | Open | |
| 15 Mar 1990 | 90155747 | United Bank of India | ₹45 Lakh | Open |
To see the full charge records of Vardhman Concrete Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Vardhman Concrete Limited has 19 deals on record (19 market trades); the latest was in March 2025.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Market trade | ₹3.1 Lakh | Buyer: Pellucid Securities Private Limited Seller: Reflex Realty and Financial Consultants Private Limited |
| Feb 2024 | Market trade | ₹35.6 Lakh | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2014 | Market trade | ₹14.5 Lakh | Buyer: Vardhan Capital And Finance Limited Seller: an individual |
| Dec 2013 | Market trade | ₹1.87 Cr | Buyer: Vardhan Capital And Finance Limited Seller: 2 individuals |
| Sep 2005 | Market trade | ₹20.8 Lakh | Buyer: Pilot Consultants Private Ltd. |
To see the full deal history of Vardhman Concrete 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
Vardhman Concrete Limited has 19 court cases on record: 9 filed by Vardhman Concrete, 10 filed against it. 1 case is pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 8 | 1 |
| High courts | 7 | 2 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Raigad, Maharashtra | Court case (Spl .Dkst) | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (CAF) | Filed by the company against an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by Income Tax-Aplcnt. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Income Tax Department | Disposed |
| District court, Jaipur Metro II, Rajasthan | Civil miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Vardhman Concrete 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 Vardhman Concrete Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vardhman Concrete Limited has 1 active EPFO establishment as of Mar 30, 2024.
GST
Vardhman Concrete has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS5180J1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vardhman Concrete Limited, buy the company report.
Recent activity
Vardhman Concrete Limited has 32 board changes on record since 1982: 18 appointments and 14 cessations. The latest: Shailesh Jogani ceased to be Director on 29 Sep 2024.
67 earlier events are in the company report.
Frequently asked questions
Vardhman Concrete is an active public limited company based in Thane, Maharashtra, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 23 October 1982 (44+ years old) and is registered under CIN L99999MH1982PLC028556.
Vardhman Concrete has 4 current directors:
- Vishal Ramesh Vardhan - Managing Director
- Rajesh Babulal Vardhan - Director
- Ramesh Babulal Vardhan - Director
- Saroj Bhanji Rathod - Director
The latest financial statements of Vardhman Concrete on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vardhman Concrete is 27AAACS5180J1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vardhman Concrete is L99999MH1982PLC028556. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vardhman Concrete is recorded as a listed company by MCA, but trading in its shares on BSE (531444) has been suspended, so they do not currently trade on a stock exchange.
Vardhman Concrete has 19 court cases on record: 9 filed by the company and 10 filed against it. 1 is pending. Most are in the district courts.
Vardhman Concrete was incorporated on 23 October 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.
Vardhman Concrete has 19 deals on record (19 market trades); the latest was in March 2025.
Shailesh Jogani ceased to be Director on 29 Sep 2024. Saroj Bhanji Rathod was appointed as Director on 27 Aug 2022. Prashansa Pradeep Bora ceased to be Director on 08 Feb 2022. Vardhman Concrete has 32 board changes on record in total.