MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-32-0001585
Varni Plastic Private Limited
Varni Plastic Private Limited - manufacturing in Morbi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.05 Cr
▼ 51% YoY
Net loss · FY 2025
₹1.2 Cr
Net margin -114.1%
EBITDA · FY 2025
-₹1.21 Cr
EBITDA margin -114.9%
Authorised capital
₹2.2 Cr
Registered with MCA
Paid-up capital
₹2.08 Cr
Issued & subscribed
Open charges
₹3.87 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings
About Varni Plastic Private Limited
Data last updated:
Varni Plastic Private Limited is a private limited company based in Morbi, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 10 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25200GJ2014PTC080743. Its GSTIN is 24AAECV8996K1ZH (Gujarat).
The company has an authorised share capital of ₹2.2 Cr and a paid-up capital of ₹2.08 Cr. It is led by directors Umeshbhai Dhirajlal Vidja and Piyush Narbheram Kaila.
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 Survey No. 154 At: Vejalpar Taluka: Maliya (Miyana), Morbi, Gujarat, India – 363630.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.05 Cr, a decline of 51% compared to the previous year. For the same year it recorded a net loss of ₹1.2 Cr (net margin -114.1%) and EBITDA of -₹1.21 Cr (EBITDA margin -114.9%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 24% over five years.
As per MCA filings, the company has open charges of ₹3.87 Cr on record.
Varni Plastic Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0001585). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U25200GJ2014PTC080743
Registration Number 080743
Incorporation Date 10 September 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 Micro
Udyam Registration UDYAM-GJ-32-0001585
Recognitions & Rankings of Varni Plastic
Contact details
Varni Plastic Private Limited's registered office is in Morbi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSurvey No. 154 At: Vejalpar Taluka: Maliya (Miyana), Morbi, Gujarat, India – 363630
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Varni Plastic Private Limited, buy the company report.
Comprehensive company report
Varni Plastic 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
Business activity
The main business activity of Varni Plastic 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 Varni Plastic Private Limited, buy the company report.
Financials of Varni Plastic Private Limited
FY 2024 filings availableVarni Plastic Private Limited reported revenue of ₹1.05 Cr (down 51% YoY) for FY 2025.
Revenue · FY 2025
₹1.05 Cr ▼ 51%
Net loss · FY 2025
₹1.2 Cr margin -114.1%
EBITDA · FY 2025
-₹1.21 Cr margin -114.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 51%
3 years · compounded
▼ 31%
5 years · compounded
▼ 24%
EBITDA CAGR growth
1 year
▼ 836%
3 years · compounded
▼ 75%
5 years · compounded
▼ 33%
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 51% fall in the latest year. EBITDA fell 836% 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 | -₹1.21 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.2 Cr | ||||
| 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 | -114.9% | ||||
| Net Profit Margin | -114.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Varni Plastic Private Limited, buy the company report.
Board of directors of Varni Plastic Private Limited
Varni Plastic has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Umeshbhai Dhirajlal Vidja | Director | 11 Jan 2016 | 10 Years 9 Months | Current |
| Piyush Narbheram Kaila | Director | 10 Sep 2014 | 12 Years 1 Months | Current |
Peer comparison
Varni Plastic Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), 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 |
|---|---|---|---|---|---|---|
| Veronica Plastomatics Private Limited | ₹1.07 Cr (FY 2025) | -43.0% | Ahmedabad, Gujarat, India | |||
| Varni Plastic Private Limitedthis company | ₹1.05 Cr (FY 2025) | -₹1.2 Cr | -114.1% | -51.0% | Morbi, Gujarat, India | |
| Koreslite Industries Private Limited | ₹1.05 Cr (FY 2024) | -41.0% | Baghpat, Uttar Pradesh, India | |||
| Trimurti Autoplast Private Limited | ₹1.04 Cr (FY 2016) | -52.0% | New Delhi, Delhi, India | |||
| Billion Flex (India) Private Limited | ₹1.04 Cr (FY 2024) | -37.0% | Tal Halol, Gujarat, India |
To see the full peer comparison of Varni Plastic Private Limited, buy the company report.
Auditor
Varni Plastic Private Limited is audited by CBCL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CBCL & CO. | FY 2023 | 132198W |
Shareholding
The shareholding of Varni Plastic Private 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 Varni Plastic Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.87 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jul 2015 | 10582274 | Others | ₹3.87 Cr | Open |
To see the full charge records of Varni Plastic Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Varni Plastic Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Varni Plastic Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varni Plastic has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECV8996K1ZH | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varni Plastic Private Limited, buy the company report.
Recent activity
Varni Plastic Private Limited has 10 board changes on record since 2014: 6 appointments and 4 cessations. The latest: Shaileshkumar Shankarlal Aghara ceased to be Director on 21 Feb 2017.
AGM
Varni Plastic Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Varni Plastic Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 3.87 Cr registered on 16 Jul 2015 with Charge ID 10582274 was modified on 19 Sep 2017.
Ceased
Shaileshkumar Shankarlal Aghara ceased to be Director.
Ceased
Vimalbhai Hashmukhlal Thadoda ceased to be Director.
Appointed
Umeshbhai Dhirajlal Vidja was appointed as Director.
Ceased
Kamal Rameshbhai Lathigara ceased to be Director.
Appointed
Shaileshkumar Shankarlal Aghara was appointed as Director.
Appointed
Vimalbhai Hashmukhlal Thadoda was appointed as Director.
Charges
A charge with Others amounted to Rs. 3.87 Cr with Charge ID 10582274 was registered on 16 Jul 2015.
Appointed
Kamal Rameshbhai Lathigara was appointed as Director.
Ceased
Chandulal Chhaganbhai Ghodasara ceased to be Director.
3 earlier events are in the company report.
Frequently asked questions
Varni Plastic is an active private limited company based in Morbi, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 10 September 2014 (12+ years old) and is registered under CIN U25200GJ2014PTC080743.
Varni Plastic has 2 current directors:
- Umeshbhai Dhirajlal Vidja - Director
- Piyush Narbheram Kaila - Director
The latest financial statements of Varni Plastic 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 Varni Plastic is 24AAECV8996K1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Varni Plastic is U25200GJ2014PTC080743. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varni Plastic was incorporated on 10 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Varni Plastic by revenue are Veronica Plastomatics Private Limited, Koreslite Industries Private Limited, Trimurti Autoplast Private Limited, Billion Flex (India) Private Limited, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Shaileshkumar Shankarlal Aghara ceased to be Director on 21 Feb 2017. Vimalbhai Hashmukhlal Thadoda ceased to be Director on 21 Feb 2017. Umeshbhai Dhirajlal Vidja was appointed as Director on 11 Jan 2016. Varni Plastic has 10 board changes on record in total.
Yes, Varni Plastic is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-32-0001585).
The registered office of Varni Plastic is at Survey No. 154 At: Vejalpar Taluka: Maliya Miyana, Morbi, Gujarat, India – 363630.
Varni Plastic operates in the manufacturing industry, in the plastic-based products segment.