MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0003766
Varidhi Cotspin Private Limited
Varidhi Cotspin Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹21.22 Cr
▼ 77% YoY
Net loss · FY 2025
₹14.56 Cr
Net margin -68.6%
EBITDA · FY 2025
-₹6 Cr
EBITDA margin -28.3%
Authorised capital
₹5.5 Cr
Registered with MCA
Paid-up capital
₹5.09 Cr
Issued & subscribed
Open charges
₹66.98 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Employees · EPFO
1
Provident fund records
About Varidhi Cotspin Private Limited
Data last updated:
Varidhi Cotspin Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 20 October 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17291GJ2014PTC085459. Its GSTIN is 24AAECV9837B1ZA (Gujarat).
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5.09 Cr. It is led by directors including Ankit Kumar Ajitsaria and Shakuntala Devi Ajitsaria.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1237 1238 1240/1 Village – Koth Gangad Road Ta – Dholka Di – Ahmedabad, Gujarat, India – 380051.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.22 Cr, a decline of 77% compared to the previous year. For the same year it recorded a net loss of ₹14.56 Cr (net margin -68.6%) and EBITDA of -₹6 Cr (EBITDA margin -28.3%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 24% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹66.98 Cr on record. Court records list 89 cases involving the company, including 7 filed by the company and 82 filed against it; 1 case is pending. The company has 4 deals on record (2 rights issues, 2 secondary share transfers); the latest was in September 2020. Its 8 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 5 smaller; the largest is Universal Yarns & Tex Private Limited with revenue of ₹21.25 Cr.
Varidhi Cotspin Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0003766). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17291GJ2014PTC085459
Registration Number 085459
Incorporation Date 20 October 2014
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0003766
CIN history
Varidhi Cotspin has one previous CIN (Corporate Identification Number): U17291UP2014PTC066634. The current CIN is U17291GJ2014PTC085459, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17291GJ2014PTC085459 | Current |
| U17291UP2014PTC066634 | Previous |
Key People
Ankit Kumar Ajitsaria Director Shakuntala Devi Ajitsaria Director Nitu Ajitsaria Director Recognitions & Rankings of Varidhi Cotspin
Contact details
Varidhi Cotspin Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1237 1238 1240/1 Village – Koth Gangad Road Ta – Dholka Di – Ahmedabad, Gujarat, India – 380051
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Varidhi Cotspin Private Limited, buy the company report.
Comprehensive company report
Varidhi Cotspin 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
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Business activity
The main business activity of Varidhi Cotspin is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Varidhi Cotspin Private Limited, buy the company report.
Financials of Varidhi Cotspin Private Limited
FY 2024 filings availableVaridhi Cotspin Private Limited reported revenue of ₹21.22 Cr (down 77% YoY) for FY 2025.
Revenue · FY 2025
₹21.22 Cr ▼ 77%
Net loss · FY 2025
₹14.56 Cr margin -68.6%
EBITDA · FY 2025
-₹6 Cr margin -28.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 77%
3 years · compounded
▼ 43%
5 years · compounded
▼ 24%
EBITDA CAGR growth
1 year
▲ 72%
3 years · compounded
▼ 36%
5 years · compounded
▼ 22%
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 77% fall in the latest year. EBITDA rose 72% 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 |
|---|---|---|---|---|---|
| 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 | -₹6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.56 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -28.3% | ||||
| Net Profit Margin | -68.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Varidhi Cotspin Private Limited, buy the company report.
Board of directors of Varidhi Cotspin Private Limited
Varidhi Cotspin has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Kumar Ajitsaria | Director | 20 Oct 2014 | 12 Years 0 Months | Current |
| Shakuntala Devi Ajitsaria | Director | 28 May 2016 | 10 Years 5 Months | Current |
| Nitu Ajitsaria | Director | 19 Dec 2016 | 9 Years 10 Months | Current |
Peer comparison
Varidhi Cotspin Private Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Universal Yarns & Tex Private Limited | ₹21.25 Cr (FY 2024) | -38.0% | Kanpur, Uttar Pradesh, India | |||
| Bhuvaneshwari Textiles Private Limited | ₹21.23 Cr (FY 2025) | -47.0% | Dindugul, Tamil Nadu, India | |||
| Shyam Tex Chem Private Limited | ₹21.22 Cr (FY 2024) | 11.0% | Punjab, India | |||
| Varidhi Cotspin Private Limitedthis company | ₹21.22 Cr (FY 2025) | -₹14.56 Cr | -68.6% | -77.0% | 1 | Ahmedabad, Gujarat, India |
| Reliable Clothing Private Limited | ₹21.21 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Acus Impex Pvt. Ltd. | ₹21.2 Cr (FY 2025) | 52.0% | New Delhi, Delhi, India | |||
| Sri Kumaran Synthetics India Private Limited | ₹21.19 Cr (FY 2025) | -11.0% | Tiruchengode, Tamil Nadu, India | |||
| Kejriwal Future Innovations Private Limited | ₹21.19 Cr (FY 2025) | 1589.0% | Surat, Gujarat, India | |||
| N.C. John Garments Private Limited | ₹21.18 Cr (FY 2025) | 0.0% | Alappuzha, Kerala, India |
To see the full peer comparison of Varidhi Cotspin Private Limited, buy the company report.
Auditor
Varidhi Cotspin Private Limited is audited by Bhupendra J. Shah & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bhupendra J. Shah & Associates | FY 2023 | 121812W |
Shareholding
The shareholding of Varidhi Cotspin Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Varidhi Cotspin Private Limited, buy the company report.
Charges & borrowings
Open charges
₹66.98 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Aug 2017 | 100121530 | Sbicap Trustee Company Limited | ₹66.98 Cr | Open |
To see the full charge records of Varidhi Cotspin Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Varidhi Cotspin Private Limited has 4 deals on record (2 rights issues, 2 secondary share transfers); the latest was in September 2020.
Total deals
4
Rights issues
2
Secondary share transfers
2
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2020 | Rights issue | ₹5.5 Cr | Investors: 3 individuals |
| Jun 2017 | Rights issue | ₹19.93 Cr | Investors: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Varidhi Cotspin Private Limited has 89 court cases on record: 7 filed by Varidhi Cotspin, 82 filed against it. 1 case is pending and 88 are disposed.
Total cases
89
Filed by the company
7
Filed against the company
82
Pending
1
Disposed
88
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 84 | 82 | 1 |
| High courts | 5 | 0 | 0 |
Cases on record (5 of 89)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (RECO33C 2 LC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (PWAPP LC) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against State Bank of India | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C 1 LC) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C 2 LC) | Filed against the company by an individual | Disposed |
To see the full case history of Varidhi Cotspin 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 Varidhi Cotspin Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Varidhi Cotspin Private Limited has a workforce of 1 employees on its EPFO records as of Jan 2025, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
Employee growth
-66.7%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 1 |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Varidhi Cotspin Private Limited, buy the company report.
GST
Varidhi Cotspin has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECV9837B1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varidhi Cotspin Private Limited, buy the company report.
Recent activity
Varidhi Cotspin Private Limited has 6 board changes on record since 2014: 3 appointments and 3 cessations. The latest: Krishna Kumar Ajitsaria ceased to be Director on 19 Dec 2016.
AGM
Varidhi Cotspin Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Varidhi Cotspin Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 66.98 Cr registered on 24 Aug 2017 with Charge ID 100121530 was modified on 16 Jul 2022.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 66.98 Cr with Charge ID 100121530 was registered on 24 Aug 2017.
Ceased
Krishna Kumar Ajitsaria ceased to be Director.
Appointed
Nitu Ajitsaria was appointed as Director.
Ceased
Monika Ajitsaria ceased to be Director.
Ceased
Parmeshwar Prasad Ajitsaria ceased to be Director.
Appointed
Shakuntala Devi Ajitsaria was appointed as Director.
Appointed
Ankit Kumar Ajitsaria was appointed as Director.
Incorporation
20 Oct 2014
Varidhi Cotspin Private Limited was registered on 20 Oct 2014 with Roc Ahmedabad & aged 12 years 22 days as per MCA records.
Frequently asked questions
Varidhi Cotspin is an active private limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 20 October 2014 (12+ years old) and is registered under CIN U17291GJ2014PTC085459.
Varidhi Cotspin has 3 current directors:
- Ankit Kumar Ajitsaria - Director
- Shakuntala Devi Ajitsaria - Director
- Nitu Ajitsaria - Director
The latest financial statements of Varidhi Cotspin on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Varidhi Cotspin is 24AAECV9837B1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Varidhi Cotspin is U17291GJ2014PTC085459. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varidhi Cotspin has 89 court cases on record: 7 filed by the company and 82 filed against it. 1 is pending. Most are in the district courts.
Varidhi Cotspin was incorporated on 20 October 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Varidhi Cotspin has 4 deals on record (2 rights issues, 2 secondary share transfers); the latest was in September 2020.
The peers of Varidhi Cotspin by revenue are Universal Yarns & Tex Private Limited, Bhuvaneshwari Textiles Private Limited, Shyam Tex Chem Private Limited, Reliable Clothing Private Limited, Acus Impex Pvt. Ltd. and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Krishna Kumar Ajitsaria ceased to be Director on 19 Dec 2016. Nitu Ajitsaria was appointed as Director on 19 Dec 2016. Monika Ajitsaria ceased to be Director on 28 May 2016. Varidhi Cotspin has 6 board changes on record in total.
Yes, Varidhi Cotspin is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0003766).
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