Varniraj Projects Limited
About Varniraj Projects Limited
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Varniraj Projects Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the real estate leasing and property management segment of the real estate sector. It was incorporated on 18 August 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U70109GJ2021PLC124967.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Nileshkumar Jitendrabhai Patel and Piyushkumar Jitendrabhai Patel.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 13th Floor – 1325 I Squre Near Shukan Mall Cross Road Science City Road Sola, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.68 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net profit of ₹14,907 (net margin 3.2%) and EBITDA of ₹20,145 (EBITDA margin 4.3%).
Company details
Contact details
Varniraj Projects Limited's registered office is in Ahmedabad, Gujarat.
- Registered Address13th Floor – 1325 I Squre Near Shukan Mall Cross Road Science City Road Sola, Ahmedabad, Gujarat, India – 380060
- IndustryReal Estate, Real Estate Leasing
- 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
Business activity
The main business activity of Varniraj Projects is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Varniraj Projects Limited, buy the company report.
Financials of Varniraj Projects Limited
FY 2024 filings availableVarniraj Projects Limited reported revenue of ₹4.68 Lakh (down 64% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 64% in the latest year. EBITDA rose 105% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹20,145 | ||
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| Net Profit (PAT) | ₹14,907 | ||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | |||
| EBITDA Margin | 4.3% | ||
| Net Profit Margin | 3.2% | ||
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To see the full financial statements and ratios of Varniraj Projects Limited, buy the company report.
Board of directors of Varniraj Projects Limited
Varniraj Projects has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nileshkumar Jitendrabhai Patel | Director | 18 Aug 2021 | 5 Years 2 Months | Current |
| Piyushkumar Jitendrabhai Patel Also directs: Varniraj Power Limited, Satyasupport Projects Private Limited, Satya Support Services Private Limited and 2 more | Director | 17 May 2022 | 4 Years 5 Months | Current |
| Mrugarajsinh Kishorsinh Jadeja | Director | 18 Aug 2021 | 5 Years 2 Months | Current |
Peer comparison
Varniraj Projects Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (management consultancy activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Esskay Kaabra Fin Invests Pvt. Ltd. | ₹4.69 Lakh (FY 2024) | Rajasthan, India | ||||
| Fellowminds Private Limited | ₹4.69 Lakh (FY 2024) | Bhopal, Madhya Pradesh, India | ||||
| Corporate Relations Private Limited | ₹4.69 Lakh (FY 2021) | -41.0% | Thiruvananthapuram, Kerala, India | |||
| Nordicflexhouse Technology Innovation India Private Limited | ₹4.69 Lakh (FY 2025) | 98.0% | New Delhi, Delhi, India | |||
| Lukshia Virtual Services Private Limited | ₹4.69 Lakh (FY 2025) | -52.0% | Bangalore, Karnataka, India | |||
| Varniraj Projects Limitedthis company | ₹4.68 Lakh (FY 2024) | ₹14,907 | 3.2% | -64.0% | Ahmedabad, Gujarat, India | |
| R.E.D. Corporate Training Private Limited | ₹4.67 Lakh (FY 2024) | -50.0% | New Delhi, Delhi, India | |||
| Innova Developers Private Limited | ₹4.67 Lakh (FY 2025) | 2386.0% | Kolkata, West Bengal, India | |||
| Aura Unique Private Limited | ₹4.67 Lakh (FY 2025) | -93.0% | Moradabad, Uttar Pradesh, India | |||
| Dreamzmetglobal Management Solutions Private Limited | ₹4.67 Lakh (FY 2024) | 31012.0% | Greater Noida, Uttar Pradesh, India | |||
| Macaw Consulting Private Limited | ₹4.67 Lakh (FY 2016) | New Delhi, Delhi, India |
To see the full peer comparison of Varniraj Projects Limited, buy the company report.
Legal cases
No court or tribunal cases involving Varniraj Projects 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 Varniraj Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Varniraj Projects Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varniraj Projects Limited has 5 board changes on record since 2021: 3 appointments and 2 cessations. The latest: Piyushkumar Jitendrabhai Patel ceased to be Additional Director on 29 Sep 2023.
Frequently asked questions
Varniraj Projects is an active public limited company based in Ahmedabad, Gujarat, India. The company works in real estate leasing, within the real estate industry. It was incorporated on 18 August 2021 (5+ years old) and is registered under CIN U70109GJ2021PLC124967.
Varniraj Projects has 3 current directors:
- Nileshkumar Jitendrabhai Patel - Director
- Piyushkumar Jitendrabhai Patel - Director
- Mrugarajsinh Kishorsinh Jadeja - Director
The latest financial statements of Varniraj Projects on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from FY 2022 are in the company report.
The CIN (Corporate Identification Number) of Varniraj Projects is U70109GJ2021PLC124967. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varniraj Projects was incorporated on 18 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Varniraj Projects by revenue are Esskay Kaabra Fin Invests Pvt. Ltd, Fellowminds Private Limited, Corporate Relations Private Limited, Nordicflexhouse Technology Innovation India Private Limited, Lukshia Virtual Services Private Limited and 5 more, all in the same principal business activity (management consultancy activities).
Piyushkumar Jitendrabhai Patel ceased to be Additional Director on 29 Sep 2023. Krunal Surendrakumar Pithadia ceased to be Director on 17 May 2022. Piyushkumar Jitendrabhai Patel was appointed as Director on 17 May 2022. Varniraj Projects has 5 board changes on record in total.
The registered office of Varniraj Projects is at 13th Floor – 1325 I Squre Near Shukan Mall Cross Road Science City Road Sola, Ahmedabad, Gujarat, India – 380060.
Varniraj Projects operates in the real estate industry, in the real estate leasing segment.
Varniraj Projects can be reached at its registered office: 13th Floor – 1325 I Squre Near Shukan Mall Cross Road Science City Road Sola, Ahmedabad, Gujarat, India – 380060.
Varniraj Projects is registered under the jurisdiction of the Registrar of Companies (ROC), Ahmedabad.