About Varun Polyfoam Private Limited
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Varun Polyfoam Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 22 August 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25110GJ1996PTC030535. Its GSTIN is 24AAACV3830G1ZN (Gujarat).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹9.71 Lakh. It is led by directors including Satishkumar Motilal Shah and Kuldeep Chandrakumar Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 54/2 G.I.D.C Phase – I Opp Bank Of India Vatva, Ahmedabad, Gujarat, India – 382445.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.95 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹18.65 Lakh (net margin 3.1%) and EBITDA of ₹38.49 Lakh (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 13% over five years.
As per MCA filings, the company has open charges of ₹1.32 Cr and satisfied charges of ₹71.48 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varunfoam.com.
Company details
Contact details
Varun Polyfoam Private Limited's registered office is in Ahmedabad, Gujarat. Its website is varunfoam.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address54/2 G.I.D.C Phase – I Opp Bank Of India Vatva, Ahmedabad, Gujarat, India – 382445
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Varun Polyfoam Private Limited, buy the company report.
- 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 Varun Polyfoam 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 Varun Polyfoam Private Limited, buy the company report.
Financials of Varun Polyfoam Private Limited
FY 2025 filings availableVarun Polyfoam Private Limited reported revenue of ₹5.95 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. 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 | ₹38.49 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹18.65 Lakh | ||||
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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 | 6.5% | ||||
| Net Profit Margin | 3.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Varun Polyfoam Private Limited, buy the company report.
Board of directors of Varun Polyfoam Private Limited
Varun Polyfoam has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satishkumar Motilal Shah | Director | 22 Aug 1996 | 30 Years 2 Months | Current |
| Kuldeep Chandrakumar Jain | Director | 06 Mar 2000 | 26 Years 7 Months | Current |
| Deepak Takhatmal Mehta Also directs: Tirupati Foam Ltd, Minrak Worldwide Private Limited | Director | 22 Aug 1996 | 30 Years 2 Months | Current |
Peer comparison
Varun Polyfoam Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Plastics and Resins), 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 |
|---|---|---|---|---|---|---|
| Mangal Shree Polyplast Private Limited | ₹6.03 Cr (FY 2024) | 13.0% | Indore, Madhya Pradesh, India | |||
| K P R Pipes Private Limited | ₹5.98 Cr (FY 2017) | -46.0% | Hyderabad, Telangana, India | |||
| Madhur Plastic Private Limited | ₹5.96 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Varun Polyfoam Private Limitedthis company | ₹5.95 Cr (FY 2025) | ₹18.65 Lakh | 3.1% | -3.0% | Ahmedabad, Gujarat, India | |
| Multiwyn Foams Pvt Ltd | ₹5.84 Cr (FY 2025) | 12.0% | Kolkata, West Bengal, India | |||
| Servo Plastichem Private Limited | ₹5.83 Cr (FY 2024) | -66.0% | Kolkata, West Bengal, India | |||
| Nikita Moulds Private Limited | ₹5.79 Cr (FY 2025) | -14.0% | Shahapur, Maharashtra, India | |||
| Akl Polyblendz Private Limited | ₹5.77 Cr (FY 2025) | 8.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Varun Polyfoam Private Limited, buy the company report.
Auditor
Varun Polyfoam Private Limited is audited by R T J S & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R T J S & CO. | FY 2023 | 021628C |
Shareholding
The shareholding of Varun Polyfoam 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 Varun Polyfoam Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Dec 2024 | 101027930 | Others | ₹24.78 Lakh | Open | |
| 06 Aug 2022 | 100622717 | Others | ₹35 Lakh | Open | |
| 20 May 2010 | 10219795 | Bank of India | ₹33.67 Lakh | Open | |
| 10 Jan 2007 | 10032324 | Bank of India | ₹38.4 Lakh | Open | |
| 31 Jan 2013 | 10406880 | Bank of India | ₹35 Lakh | Satisfied |
To see the full charge records of Varun Polyfoam Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Varun Polyfoam Private Limited has 2 court cases on record: 2 filed by Varun Polyfoam. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Varun Polyfoam 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
Varun Polyfoam Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 5 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Dow Chemical International Private Limited | |||
| Bhagyadhara Flexi Pack Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Varun Polyfoam Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Varun Polyfoam has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACV3830G1ZN | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varun Polyfoam Private Limited, buy the company report.
Recent activity
Varun Polyfoam Private Limited has 6 board changes on record since 1996: 3 appointments and 3 cessations. The latest: Anita Kuldeep Jain ceased to be Director on 04 Feb 2016.
12 earlier events are in the company report.
Frequently asked questions
Varun Polyfoam is an active private limited company based in Ahmedabad, Gujarat, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 22 August 1996 (30+ years old) and is registered under CIN U25110GJ1996PTC030535.
Varun Polyfoam has 3 current directors:
- Satishkumar Motilal Shah - Director
- Kuldeep Chandrakumar Jain - Director
- Deepak Takhatmal Mehta - Director
The latest financial statements of Varun Polyfoam on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Varun Polyfoam is 24AAACV3830G1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Varun Polyfoam is U25110GJ1996PTC030535. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varun Polyfoam has 2 court cases on record: 2 filed by the company.
Varun Polyfoam was incorporated on 22 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Varun Polyfoam by revenue are Mangal Shree Polyplast Private Limited, K P R Pipes Private Limited, Madhur Plastic Private Limited, Multiwyn Foams Pvt Ltd, Servo Plastichem Private Limited and 2 more, all in the Manufacturing industry (Plastics and Resins), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Anita Kuldeep Jain ceased to be Director on 04 Feb 2016. Induben Satishkumar Shah ceased to be Director on 04 Feb 2016. Urmilaben Deepakkumar Mehta ceased to be Director on 04 Feb 2016. Varun Polyfoam has 6 board changes on record in total.
Varun Polyfoam has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 5 overdue payments to 3 micro and small suppliers. The latest return was filed on 27 May 2019.
Varun Polyfoam can be reached through the website varunfoam.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Varun Polyfoam is at 542 G.I.D.C Phase – I Opp Bank Of India Vatva, Ahmedabad, Gujarat, India – 382445.