Varunika Prints Private Limited

Varunika Prints Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN U17110GJ1995PTC025309 Incorporated 03 April 1995 ROC Ahmedabad HQ Surat, Gujarat, India
Active Private Limited Company manufacturing MSME · Medium
Data last updated
Revenue · FY 2025
₹79.95 Cr
▲ 16% YoY
Net profit · FY 2025
₹73.34 Lakh
Net margin 0.9%
EBITDA · FY 2025
₹6.2 Cr
EBITDA margin 7.7%
Authorised capital
₹9.9 Cr
Registered with MCA
Paid-up capital
₹9.45 Cr
Issued & subscribed
Open charges
₹42.15 Cr
Satisfied ₹19.36 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
116
Provident fund records

About Varunika Prints Private Limited

Data last updated:

Varunika Prints Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 03 April 1995 and has been in existence for over 31 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17110GJ1995PTC025309. Its GSTIN is 24AAACJ5997N1ZW (Gujarat).

The company has an authorised share capital of ₹9.9 Cr and a paid-up capital of ₹9.45 Cr. It was formerly known as Harshad Dyeing and Printing Mills Private Limited. It is led by directors including Vipul Kiritbhai Desai (Managing Director) and Aditya Vipulbhai Desai.

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 Blockno 300/301 Plot No 8 Village : Tatitaiya Ta Palsana, Surat, Gujarat, India – 395010.

As per the financials filed for FY 2025, the company reported a revenue of ₹79.95 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹73.34 Lakh (net margin 0.9%) and EBITDA of ₹6.2 Cr (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 119% over five years.

The company has about 116 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹42.15 Cr and satisfied charges of ₹19.36 Cr on record. Court records list 74 cases involving the company, including 7 filed by the company and 67 filed against it.

Varunika Prints Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0046148). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varunikaprints.com.

Company details

CIN U17110GJ1995PTC025309
Registration Number 025309
Incorporation Date 03 April 1995
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0046148
Key People
Vipul Kiritbhai Desai Managing Director Aditya Vipulbhai Desai Director Param Vipulkumar Desai Director

Recognitions & Rankings of Varunika Prints

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-22-0046148

Contact details

Varunika Prints Private Limited's registered office is in Surat, Gujarat. Its website is varunikaprints.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    varunikaprints.com
  • Registered Address
    Blockno 300/301 Plot No 8 Village : Tatitaiya Ta Palsana, Surat, Gujarat, India – 395010
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Varunika Prints Private Limited, buy the company report.

Comprehensive company report
Varunika Prints 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 Varunika Prints is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

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

Financials of Varunika Prints Private Limited

FY 2025 filings available

Varunika Prints Private Limited reported revenue of ₹79.95 Cr (up 16% YoY) for FY 2025.

Revenue · FY 2025
₹79.95 Cr ▲ 16%
Net profit · FY 2025
₹73.34 Lakh margin 0.9%
EBITDA · FY 2025
₹6.2 Cr margin 7.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 11%
5 years · compounded
▲ 119%
EBITDA CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 3%
5 years · compounded
▲ 96%

Revenue has grown at a compounded annual rate (CAGR) of 119% over five years, including 16% growth in the latest year. EBITDA rose 6% 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹6.2 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹73.34 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin7.7%
Net Profit Margin0.9%
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 Varunika Prints Private Limited, buy the company report.

Board of directors of Varunika Prints Private Limited

Varunika Prints has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Aditya Vipulbhai Desai
Also directs: Valiant Entech Private Limited
Director27 Dec 20196 Years 10 MonthsCurrent
Param Vipulkumar Desai
Also directs: Valiant Entech Private Limited, Vahh Chemicals Limited
Director15 Feb 20215 Years 8 MonthsCurrent
Vipul Kiritbhai Desai
Also directs: Valiant Entech Private Limited
Managing Director18 Nov 20196 Years 11 MonthsCurrent
View all directors

Peer comparison

Varunika Prints Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Aayush Tex Dye Private Limited₹80 Cr (FY 2025)-4.0%Mumbai, Maharashtra, India
Rajguru Creations Private Limited₹79.97 Cr (FY 2025)-12.0%Mumbai, Maharashtra, India
Varunika Prints Private Limitedthis company₹79.95 Cr (FY 2025)₹73.34 Lakh0.9%16.0%116Surat, Gujarat, India
Royal Art Impex (India) Private Limited₹79.87 Cr (FY 2025)-27.0%Mumbai, Maharashtra, India
Balaji Cot Fib Private Limited₹79.86 Cr (FY 2025)-15.0%Jasdan, Gujarat, India
Kerala State Textile Corporation Limited₹79.82 Cr (FY 2021)39.0%Thiruvananthapuram, Kerala, India
Velav Garments India Private Limited₹79.77 Cr (FY 2024)399.0%Tiruppur, Tamil Nadu, India

To see the full peer comparison of Varunika Prints Private Limited, buy the company report.

Auditor

Varunika Prints Private Limited is audited by M/S. GOLECCHA GUPTA & ASSOCIATES for the financial year 2024.

Auditor firmFinancial yearFirm registration number
M/S. GOLECCHA GUPTA & ASSOCIATESFY 20240148824W

Shareholding

The shareholding of Varunika Prints 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 categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Varunika Prints Private Limited, buy the company report.

Charges & borrowings

Open charges
₹42.15 Cr
Satisfied charges
₹19.36 Cr
Breakdown by lending institutions
Others₹37.32 Cr
Sidbi₹4.83 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 Dec 2025101202002Sidbi₹1.32 CrOpen
31 Dec 2024101023924Sidbi₹1.83 CrOpen
12 Jan 2024100852713Sidbi₹1.68 CrOpen
08 Dec 2021100513545Others₹1.34 CrOpen
24 Feb 2021100424421Others₹4.29 LakhOpen

To see the full charge records of Varunika Prints Private Limited, buy the company report.

Total charge records: 16 View all charges

MSME payment delays

Varunika Prints Private Limited has 6 MSME Form 1 returns on record between 2018 and 2024, listing 344 overdue payments to 90 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 (5 of 90)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
an individual supplier
Parth Dye Chem Private Limited

To see the full MSME payment records of Varunika Prints Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Varunika Prints Private Limited has a workforce of 116 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.

Employee count
116
Active EPFO establishments
1
Employee growth
-2.52%

GST

Varunika Prints has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAACJ5997N1ZWGujaratActive01 Jul 2017

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

Recent activity

Varunika Prints Private Limited has 13 board changes on record since 2007: 8 appointments and 5 cessations. The latest: Param Vipulkumar Desai was appointed as Director on 15 Feb 2021.

Charges
A charge with Sidbi amounted to Rs. 1.32 Cr with Charge ID 101202002 was registered on 19 Dec 2025.
AGM
Varunika Prints Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 18.92 Cr registered on 30 Jan 2020 with Charge ID 100322767 was modified on 18 Jul 2025.
Charges
A charge with Others of Rs. 17.02 Cr registered on 29 Jan 2020 with Charge ID 100322769 was modified on 17 Jul 2025.
Filing
Varunika Prints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Sidbi amounted to Rs. 1.83 Cr with Charge ID 101023924 was registered on 31 Dec 2024.
Charges
A charge with Sidbi amounted to Rs. 1.68 Cr with Charge ID 100852713 was registered on 12 Jan 2024.
Charges
A charge with Others amounted to Rs. 1.34 Cr with Charge ID 100513545 was registered on 08 Dec 2021.
Charges
A charge with Others amounted to Rs. 0.04 Cr with Charge ID 100424421 was registered on 24 Feb 2021.
Appointed
Param Vipulkumar Desai was appointed as Director.
Ceased
Anil Kumar Fatehpuria ceased to be Director.
Charges
A charge with Others amounted to Rs. 18.92 Cr with Charge ID 100322767 was registered on 30 Jan 2020.

33 earlier events are in the company report.

Frequently asked questions

Varunika Prints is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 03 April 1995 (31+ years old) and is registered under CIN U17110GJ1995PTC025309.

Varunika Prints has 3 current directors:

The latest financial statements of Varunika Prints 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 Varunika Prints is 24AAACJ5997N1ZW, registered in Gujarat.

The CIN (Corporate Identification Number) of Varunika Prints is U17110GJ1995PTC025309. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Varunika Prints has 74 court cases on record: 7 filed by the company and 67 filed against it. Most are in the district courts.

Varunika Prints was incorporated on 03 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.

The peers of Varunika Prints by revenue are Aayush Tex Dye Private Limited, Rajguru Creations Private Limited, Royal Art Impex (India) Private Limited, Balaji Cot Fib Private Limited, Kerala State Textile Corporation Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).

Param Vipulkumar Desai was appointed as Director on 15 Feb 2021. Anil Kumar Fatehpuria ceased to be Director on 20 Mar 2020. Aditya Vipulbhai Desai was appointed as Director on 27 Dec 2019. Varunika Prints has 13 board changes on record in total.

Yes, Varunika Prints is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0046148).

Varunika Prints has 6 MSME Form 1 returns on record between 2018 and 2024, listing 344 overdue payments to 90 micro and small suppliers. The latest return was filed on 30 Apr 2024.

Varunika Prints can be reached through the website varunikaprints.com. Its registered office is in Surat, Gujarat, India.