Varizone Solar Private Limited

Varizone Solar Private Limited - infrastructure and utilities in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN U74999GJ2017PTC096756 Incorporated 07 April 2017 ROC Ahmedabad HQ Surat, Gujarat, India
Active Private Limited Company infrastructure and utilities MSME · Small
Data last updated
Revenue · FY 2024
₹13.44 Cr
▲ 9% YoY
Net profit · FY 2024
₹15.92 Lakh
Net margin 1.2%
EBITDA · FY 2024
₹22.97 Lakh
EBITDA margin 1.7%
Authorised capital
₹9 Lakh
Registered with MCA
Paid-up capital
₹9 Lakh
Issued & subscribed
Open charges
₹1 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Directors on board
3
As per MCA filings

About Varizone Solar Private Limited

Data last updated:

Varizone Solar Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 07 April 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2017PTC096756. Its GSTIN is 24AAFCV8641Q1ZM (Gujarat).

The company has an authorised share capital of ₹9 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors including Sanjaybhai Arvindbhai Patel and Hiren Chimanlal Shah.

Its last annual general meeting (AGM) was held on 18 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot E – 128/129 Laxminarayan Industry Estate Brc Compound Udhna, Surat, Gujarat, India – 394210.

As per the financials filed for FY 2024, the company reported a revenue of ₹13.44 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹15.92 Lakh (net margin 1.2%) and EBITDA of ₹22.97 Lakh (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 17% over five years.

The company is associated with 1 brand: Varizone Solar. As per MCA filings, the company has open charges of ₹1 Cr on record.

Varizone Solar Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0080292). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varizone.in.

Company details

CIN U74999GJ2017PTC096756
Registration Number 096756
Incorporation Date 07 April 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 18 October 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0080292
Key People
Sanjaybhai Arvindbhai Patel Director Hiren Chimanlal Shah Director Parshwa Dipak Shah Director

Recognitions & Rankings of Varizone Solar

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-22-0080292

Contact details

Varizone Solar Private Limited's registered office is in Surat, Gujarat. Its website is varizone.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    varizone.in
  • Registered Address
    Plot E – 128/129 Laxminarayan Industry Estate Brc Compound Udhna, Surat, Gujarat, India – 394210
  • Industry
    Infrastructure and Utilities, Power Infrastructure & Energy Projects

To see the full contact details of Varizone Solar Private Limited, buy the company report.

Comprehensive company report
Varizone Solar 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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Brands

Varizone Solar operates one associated brand: Varizone Solar. Each brand links to its own profile.

BrandDescriptionWebsite
Varizone Solar
Develops and manages solar energy projects, from design and installation to ongoing operations.varizone.in

Business activity

The main business activity of Varizone Solar is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Varizone Solar Private Limited, buy the company report.

Financials of Varizone Solar Private Limited

FY 2025 filings available

Varizone Solar Private Limited reported revenue of ₹13.44 Cr (up 9% YoY) for FY 2024.

Revenue · FY 2024
₹13.44 Cr ▲ 9%
Net profit · FY 2024
₹15.92 Lakh margin 1.2%
EBITDA · FY 2024
₹22.97 Lakh margin 1.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▼ 1%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 14%
5 years · compounded
▲ 21%

Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 9% growth in the latest year. EBITDA rose 7% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹22.97 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹15.92 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin1.7%
Net Profit Margin1.2%
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 Varizone Solar Private Limited, buy the company report.

Board of directors of Varizone Solar Private Limited

Varizone Solar has 3 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Sanjaybhai Arvindbhai Patel
Also directs: Reewaa Energies and Infra Private Limited, Devkiran Construction LLP
Director07 Apr 20179 Years 6 MonthsCurrent
Hiren Chimanlal Shah
Also directs: Reewaa Energies and Infra Private Limited
Director07 Apr 20179 Years 6 MonthsCurrent
Parshwa Dipak Shah
Also directs: Reewaa Energies and Infra Private Limited
Director07 Apr 20179 Years 6 MonthsCurrent
View all directors

Auditor

Varizone Solar Private Limited is audited by RAHI DESAI & CO for the financial year 2022.

Auditor firmFinancial yearFirm registration number
RAHI DESAI & COFY 2022140710

Shareholding

The shareholding of Varizone Solar 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 categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Varizone Solar Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹1.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
24 May 2024100943714Others₹1 CrOpen

To see the full charge records of Varizone Solar Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Varizone Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Varizone Solar has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAFCV8641Q1ZMGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Varizone Solar Private Limited, buy the company report.

Recent activity

Varizone Solar Private Limited has 3 board changes on record since 2017: 3 appointments. The latest: Hiren Chimanlal Shah was appointed as Director on 07 Apr 2017.

AGM
Varizone Solar Private Limited last Annual general meeting of members was held on 18 Oct 2025 as per latest MCA records.
Filing
Varizone Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 100.00 Lakh registered on 24 May 2024 with Charge ID 100943714 was modified on 20 Jan 2025.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100943714 was registered on 24 May 2024.
Appointed
Hiren Chimanlal Shah was appointed as Director.
Appointed
Parshwa Dipak Shah was appointed as Director.
Appointed
Sanjaybhai Arvindbhai Patel was appointed as Director.
Incorporation
07 Apr 2017
Varizone Solar Private Limited was registered on 07 Apr 2017 with Roc Ahmedabad & aged 9 years 7 months as per MCA records.

Frequently asked questions

Varizone Solar is an active private limited company based in Surat, Gujarat, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 07 April 2017 (9+ years old) and is registered under CIN U74999GJ2017PTC096756.

Varizone Solar has 3 current directors:

The latest financial statements of Varizone Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 October 2025. Year-wise statements from FY 2018 are in the company report.

The GSTIN of Varizone Solar is 24AAFCV8641Q1ZM, registered in Gujarat.

The CIN (Corporate Identification Number) of Varizone Solar is U74999GJ2017PTC096756. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Varizone Solar was incorporated on 07 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Hiren Chimanlal Shah was appointed as Director on 07 Apr 2017. Parshwa Dipak Shah was appointed as Director on 07 Apr 2017. Sanjaybhai Arvindbhai Patel was appointed as Director on 07 Apr 2017.

Yes, Varizone Solar is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0080292).

Varizone Solar can be reached through the website varizone.in. Its registered office is in Surat, Gujarat, India.

The registered office of Varizone Solar is at Plot E – 128129 Laxminarayan Industry Estate Brc Compound Udhna, Surat, Gujarat, India – 394210.