Vardhman Solvent Extraction Industries Ltd
About Vardhman Solvent Extraction Industries Ltd
Data last updated:
Vardhman Solvent Extraction Industries Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 20 March 1978 and has been in existence for over 48 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51396WB1978PLC031392. Its GSTIN is 23AAACV8630L1Z6 (Madhya Pradesh). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹3.74 Cr. It was formerly known as Vardhman Exports Private Limited. It is led by directors including Kailashchandra Sethiya (Managing Director) and Karmesh Sankalp Meritia.
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 Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹405.69 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹49.23 Cr (net margin -12.1%) and EBITDA of -₹46.41 Cr (EBITDA margin -11.4%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 7% over five years.
The company is associated with 1 brand: Vardhman Solvent. As per MCA filings, the company has open charges of ₹15.48 Cr and satisfied charges of ₹20 Cr on record. Court records list 8 cases involving the company, including 8 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
CIN History of Vardhman Solvent Extraction Industries Ltd
Vardhman Solvent Extraction Industries has one previous CIN (Corporate Identification Number): U51396WB1978PTC031392. The current CIN is U51396WB1978PLC031392, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51396WB1978PLC031392 | Current |
| U51396WB1978PTC031392 | Previous |
- EmailLocked
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- Registered Address16, Strand Road, Kolkata, West Bengal, India – 700001
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
- 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
- One PDF report, delivered after checkout
Associated Brands with Vardhman Solvent Extraction Industries Ltd
Vardhman Solvent Extraction Industries operates one associated brand: Vardhman Solvent. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| vardhamansolvent.com |
Business Activity of Vardhman Solvent Extraction Industries Ltd
The main business activity of Vardhman Solvent Extraction Industries is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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 Vardhman Solvent Extraction Industries Ltd FY 2025 filings available
Vardhman Solvent Extraction Industries Ltd reported revenue of ₹405.69 Cr (down 46% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Vardhman Solvent Extraction Industries Ltd
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 46% fall in the latest year. EBITDA fell 450% 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 Vardhman Solvent Extraction Industries Ltd
| 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 | -₹46.41 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹49.23 Cr | •••• | •••• | •••• | •••• |
| 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 Vardhman Solvent Extraction Industries Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -12.1% | •••• | •••• | •••• | •••• |
| 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 Vardhman Solvent Extraction Industries are in the company report.
Financial statements from 2015
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 Vardhman Solvent Extraction Industries Ltd
Vardhman Solvent Extraction Industries has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karmesh Sankalp Meritia Also directs: PRM Industries Private Limited, BPBS Technology Private Limited | Director | 18 Dec 2021 | 4 Years 10 Months | Current |
| Rashmi Garg | Director | 05 Mar 2025 | 1 Years 7 Months | Current |
| Kailashchandra Sethiya | Managing Director | 01 Jun 2024 | 2 Years 4 Months | Current |
Peer Comparison of Vardhman Solvent Extraction Industries Ltd
Vardhman Solvent Extraction Industries Ltd is compared with the companies closest to it by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution, Solvent Extraction). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tina Marketing Private Limited | ₹416.87 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Ahmedabad, Gujarat, India |
| Ganga Agro Tech Private Limited | ₹415.47 Cr (FY 2025) | •••• | •••• | 161.0% | •••• | New Delhi, Delhi, India |
| Ashish Bajaj Multi Trade Private Limited | ₹409.84 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Pusad, Maharashtra, India |
| BFL Private Limited | ₹408.86 Cr (FY 2025) | •••• | •••• | 79.0% | •••• | Kolkata, West Bengal, India |
| West India Continental Oils & Fats Private Limited | ₹406.05 Cr (FY 2025) | •••• | •••• | -63.0% | •••• | New Delhi, Delhi, India |
| Vardhman Solvent Extraction Industries Ltd this company | ₹405.69 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | Kolkata, West Bengal, India |
| Vast Exim Private Limited | ₹404.92 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Kolkata, West Bengal, India |
| Prabhav Merchant Private Limited | ₹404.57 Cr (FY 2018) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| Abhay Solvents Private Limited | ₹403.15 Cr (FY 2023) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
| R P K Agrotech Exports Private Limited | ₹402.36 Cr (FY 2025) | •••• | •••• | 456.0% | •••• | Gandhidham, Gujarat, India |
| Kian Agro Processing Private Limited | ₹399.59 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Chandigarh, India |
Peers are the five companies nearest above and the five nearest below Vardhman Solvent Extraction Industries by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution, Solvent Extraction), 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 Vardhman Solvent Extraction Industries Ltd
Vardhman Solvent Extraction Industries Ltd is audited by BANSAL MUKESH & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BANSAL MUKESH & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Vardhman Solvent Extraction Industries Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Vardhman Solvent Extraction Industries Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Mar 2023 | Axis Bank Limited | ₹4.5 Lakh | Open |
| 21 Nov 2022 | Hdfc Bank Limited | ₹10.91 Lakh | Open |
| 08 Sep 2021 | Hdfc Bank Limited | ₹15 Cr | Open |
| 21 Oct 2020 | Hdfc Bank Limited | ₹12.4 Lakh | Open |
| 21 Oct 2020 | Hdfc Bank Limited | ₹19.89 Lakh | Open |
Total charge records: 7 View all charges
Legal Cases of Vardhman Solvent Extraction Industries Ltd
Vardhman Solvent Extraction Industries Ltd has 8 court cases on record: 8 filed against it. All cases are pending. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 7 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Court case (ARCO) | Filed against the company by Aryatech Platforms Private Limited | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Arbitration matter | Filed against the company by Aryatech Platforms Private Limited | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by Aryatech Platforms Private Limited | Pending |
| District court, Dewas, Madhya Pradesh | Court case (SC NIA) | Filed against the company by Pawan Training Company Bypawan Son of Ramlal Agrawal | Pending |
| District court, Ujjain, Madhya Pradesh | Court case (SC NIA) | Filed against the company by an individual | Pending |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
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 Vardhman Solvent Extraction Industries Ltd
Employment history and EPFO contributions of people linked to Vardhman Solvent Extraction Industries.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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Recent Activity on Vardhman Solvent Extraction Industries Ltd
Vardhman Solvent Extraction Industries Ltd has 29 board changes on record since 2001: 16 appointments and 13 cessations. The latest: Rashmi Garg was appointed as Director on 05 Mar 2025.
29 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vardhman Solvent Extraction Industries Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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- Director-linked violations
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MSME Payment Delays by Vardhman Solvent Extraction Industries Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
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Subsidiaries & Group Companies of Vardhman Solvent Extraction Industries Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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GST Compliance of Vardhman Solvent Extraction Industries Ltd
Vardhman Solvent Extraction Industries has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACV8630L1Z6 | Madhya Pradesh | Active | 01 Jul 2017 |
| 27AAACV8630L1ZY | Maharashtra | Active | 27 Nov 2020 |
| 23AAACV8630L2Z5 | Madhya Pradesh | Active | 23 Oct 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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MCA Filings & Documents of Vardhman Solvent Extraction Industries Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
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- Complete filing index
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Frequently Asked Questions about Vardhman Solvent Extraction Industries Ltd
Vardhman Solvent Extraction Industries is an active public limited company based in Kolkata, West Bengal, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 20 March 1978 (48+ years old) and is registered under CIN U51396WB1978PLC031392.
Vardhman Solvent Extraction Industries reported revenue of ₹405.69 Cr for FY 2025 (down 46% YoY).
Vardhman Solvent Extraction Industries has 3 current directors:
- Kailashchandra Sethiya - Managing Director
- Karmesh Sankalp Meritia - Director
- Rashmi Garg - Director
Vardhman Solvent Extraction Industries reported a net loss of ₹49.23 Cr (net margin -12.1%) and EBITDA of -₹46.41 Cr (EBITDA margin -11.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vardhman Solvent Extraction Industries is -24% over three years and -7% over five years. In the latest year (FY 2025) revenue fell 46%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vardhman Solvent Extraction Industries is 23AAACV8630L1Z6, registered in Madhya Pradesh. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAACV8630L1ZY (Maharashtra), 23AAACV8630L2Z5 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Vardhman Solvent Extraction Industries is U51396WB1978PLC031392. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vardhman Solvent Extraction Industries has 8 court cases on record: 8 filed against it. 8 are pending. Most are in the district courts.
Vardhman Solvent Extraction Industries was incorporated on 20 March 1978, making it 48+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Vardhman Solvent Extraction Industries by revenue are Tina Marketing Private Limited, Ganga Agro Tech Private Limited, Ashish Bajaj Multi Trade Private Limited, BFL Private Limited, West India Continental Oils & Fats Private Limited and 5 more, all in the Food and Beverages industry (Food and Beverages Retail and Distribution, Solvent Extraction).
Rashmi Garg was appointed as Director on 05 Mar 2025. Khusbu Agrawal ceased to be Director on 01 Feb 2025. Ravi Kumar Shah ceased to be Director on 01 Feb 2025. Vardhman Solvent Extraction Industries has 29 board changes on record in total.