MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-23-0005127
Varnindra Resicon Private Limited
Varnindra Resicon Private Limited - real estate and construction in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.6 Cr
▲ 48% YoY
Net profit · FY 2025
₹15.14 Lakh
Net margin 3.3%
EBITDA · FY 2025
₹92.34 Lakh
EBITDA margin 20.1%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹9.8 Cr
Satisfied ₹3.6 Cr
Company age
11 yrs
Est. 2015
Directors on board
3
As per MCA filings
About Varnindra Resicon Private Limited
Data last updated:
Varnindra Resicon Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 09 November 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45300GJ2015PTC085043. Its GSTIN is 24AAFCV2898B1ZA (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Jigneshkumar Kishorbhai Shah and Ishwarbhai Mevabhai Savdhariya.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Block – A/04 Rajyash Reeva Opp. Amc Vasna Pumping Station, B/H G. B. Shah College Vasna Ahmedabad, Gujarat, India – 380007.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.6 Cr, a growth of 48% compared to the previous year. For the same year it recorded a net profit of ₹15.14 Lakh (net margin 3.3%) and EBITDA of ₹92.34 Lakh (EBITDA margin 20.1%). Revenue has grown at a compounded annual rate (CAGR) of 58% over three years and 43% over five years.
As per MCA filings, the company has open charges of ₹9.8 Cr and satisfied charges of ₹3.6 Cr on record.
Varnindra Resicon Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-23-0005127). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U45300GJ2015PTC085043
Registration Number 085043
Incorporation Date 09 November 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-23-0005127
Key People
Jigneshkumar Kishorbhai Shah Director Ishwarbhai Mevabhai Savdhariya Director Hiteshbhai Narendrabhai Shah Director Recognitions & Rankings of Varnindra Resicon
Contact details
Varnindra Resicon Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBlock – A/04 Rajyash Reeva Opp. Amc Vasna Pumping Station, B/H G. B. Shah College Vasna Ahmedabad, Gujarat, India – 380007
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Varnindra Resicon Private Limited, buy the company report.
Comprehensive company report
Varnindra Resicon 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 Varnindra Resicon 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 |
To see the full business activity and turnover split of Varnindra Resicon Private Limited, buy the company report.
Financials of Varnindra Resicon Private Limited
FY 2025 filings availableVarnindra Resicon Private Limited reported revenue of ₹4.6 Cr (up 48% YoY) for FY 2025.
Revenue · FY 2025
₹4.6 Cr ▲ 48%
Net profit · FY 2025
₹15.14 Lakh margin 3.3%
EBITDA · FY 2025
₹92.34 Lakh margin 20.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 48%
3 years · compounded
▲ 58%
5 years · compounded
▲ 43%
EBITDA CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 34%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 43% over five years, including 48% growth in the latest year. EBITDA rose 45% 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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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹92.34 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.14 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 20.1% | ||||
| Net Profit Margin | 3.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Varnindra Resicon Private Limited, buy the company report.
Board of directors of Varnindra Resicon Private Limited
Varnindra Resicon has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jigneshkumar Kishorbhai Shah Also directs: Varnindra Specon LLP, Varnindra Siscon LLP | Director | 09 Nov 2015 | 11 Years 0 Months | Current |
| Ishwarbhai Mevabhai Savdhariya | Director | 09 Nov 2015 | 11 Years 0 Months | Current |
| Hiteshbhai Narendrabhai Shah Also directs: Manibhadra Solar Power LLP | Director | 14 Jun 2025 | 1 Years 5 Months | Current |
Peer comparison
Varnindra Resicon Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tripurari Infrastructure Private Limited | ₹4.61 Cr (FY 2024) | 2334.0% | Agra, Uttar Pradesh, India | |||
| Sree Sukktha Real Estates Private Limited | ₹4.6 Cr (FY 2016) | 2788.0% | Coimbatore, Tamil Nadu, India | |||
| Varnindra Resicon Private Limitedthis company | ₹4.6 Cr (FY 2025) | ₹15.14 Lakh | 3.3% | 48.0% | Ahmedabad, Gujarat, India | |
| Modutech Building Systems Private Limited | ₹4.6 Cr (FY 2025) | -44.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Varnindra Resicon Private Limited, buy the company report.
Auditor
Varnindra Resicon Private Limited is audited by Jyoti Gupta for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jyoti Gupta | FY 2023 | 184543 |
Shareholding
The shareholding of Varnindra Resicon Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Varnindra Resicon Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.8 Cr
Satisfied charges
₹3.6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jul 2024 | 100980579 | State Bank of India | ₹4.8 Cr | Open | |
| 07 Feb 2023 | 100683036 | State Bank of India | ₹5 Cr | Open | |
| 24 Oct 2019 | 100301229 | State Bank of India | ₹3.6 Cr | Satisfied |
To see the full charge records of Varnindra Resicon Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Varnindra Resicon 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 Varnindra Resicon Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varnindra Resicon has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCV2898B1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varnindra Resicon Private Limited, buy the company report.
Recent activity
Varnindra Resicon Private Limited has 9 board changes on record since 2015: 3 appointments and 6 cessations. The latest: Hiteshbhai Narendrabhai Shah ceased to be Additional Director on 23 Sep 2025.
AGM
Varnindra Resicon Private Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records.
Ceased
Hiteshbhai Narendrabhai Shah ceased to be Additional Director.
Appointed
Hiteshbhai Narendrabhai Shah was appointed as Director.
Filing
Varnindra Resicon Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with State Bank Of India amounted to Rs. 4.80 Cr with Charge ID 100980579 was registered on 16 Jul 2024.
Charges
A charge with State Bank Of India amounted to Rs. 5.00 Cr with Charge ID 100683036 was registered on 07 Feb 2023.
Charges
A charge registered on 24 Oct 2019 via Charge ID 100301229 with State Bank Of India was fully satisfied on 30 Jan 2023.
Ceased
Ajaybhai Kalubhai Vekariya ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 3.60 Cr registered on 24 Oct 2019 with Charge ID 100301229 was modified on 18 Jun 2020.
Charges
A charge with State Bank Of India amounted to Rs. 3.60 Cr with Charge ID 100301229 was registered on 24 Oct 2019.
Ceased
Vipul Kanjibhai Sardhara ceased to be Director.
Ceased
Manabhai Jagabhai Rabari ceased to be Director.
5 earlier events are in the company report.
Frequently asked questions
Varnindra Resicon is an active private limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 09 November 2015 (11+ years old) and is registered under CIN U45300GJ2015PTC085043.
Varnindra Resicon has 3 current directors:
- Jigneshkumar Kishorbhai Shah - Director
- Ishwarbhai Mevabhai Savdhariya - Director
- Hiteshbhai Narendrabhai Shah - Director
The latest financial statements of Varnindra Resicon on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Varnindra Resicon is 24AAFCV2898B1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Varnindra Resicon is U45300GJ2015PTC085043. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varnindra Resicon was incorporated on 09 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Varnindra Resicon by revenue are Tripurari Infrastructure Private Limited, Sree Sukktha Real Estates Private Limited, Modutech Building Systems Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Hiteshbhai Narendrabhai Shah ceased to be Additional Director on 23 Sep 2025. Hiteshbhai Narendrabhai Shah was appointed as Director on 14 Jun 2025. Ajaybhai Kalubhai Vekariya ceased to be Director on 01 Nov 2021. Varnindra Resicon has 9 board changes on record in total.
Yes, Varnindra Resicon is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-23-0005127).
The registered office of Varnindra Resicon is at Block – A04 Rajyash Reeva Opp. Amc Vasna Pumping Station, BH G. B. Shah College Vasna Ahmedabad, Gujarat, India – 380007.
Varnindra Resicon operates in the real estate and construction industry, in the real estate builders and developers segment.
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