About Viram Suvarn Limited
Data last updated:
Viram Suvarn Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 15 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L46498GJ2011PLC064964. Its GSTIN is 24AAECV7446G1Z7 (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 540252.
The company has an authorised share capital of ₹51 Cr and a paid-up capital of ₹22.69 Cr. It was formerly known as Veeram Spiritual Energies Private Limited and Veeram T.V. Network Private Limited. It is led by directors including Mahendrabhai Ramniklal Shah (Managing Director) and Pinal Rakshitbhai Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Orchid Park, Ahmedabad, Gujarat.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹24.6 Cr, a decline of 7.1% compared to the previous year. For the same year it recorded a net profit of ₹7.55 Cr (net margin 30.7%) and EBITDA of ₹9.51 Cr (EBITDA margin 38.7%). The net worth stands at ₹63.63 Cr (up 151.4% YoY). Total assets are valued at ₹63.63 Cr (up 151.4% YoY).
The company is associated with 1 brand: Veeram Ornaments. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 76 deals on record (75 market trades, 1 ipo); the latest was in June 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veeramornaments.com.
Company details
Name history
Viram Suvarn has undergone 5 name changes throughout its history. The current legal name is Viram Suvarn Limited.
| Company Name | Status |
|---|---|
| Viram Suvarn Limited | Current |
| Veeram Spiritual Energies Private Limited | Previous |
| Veeram T.V. Network Private Limited | Previous |
| Veeram Ornaments Private Limited | Previous |
| Veeram Ornaments Limited | Previous |
CIN history
Viram Suvarn has 6 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L46498GJ2011PLC064964, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L46498GJ2011PLC064964 | Current |
| U92100GJ2011PTC064964 | Previous |
| U74110GJ2011PTC064964 | Previous |
| L65100GJ2011PLC064964 | Previous |
| U93000GJ2011PTC064964 | Previous |
| L74110GJ2011PLC064964 | Previous |
| U74110GJ2011PLC064964 | Previous |
Contact details
Viram Suvarn Limited's registered office is in Ahmedabad, Gujarat.
- Registered AddressGround & First Floor 7 Natvarshyam Co Op Ho S Ld Opp. Orchid Park Ramdevnagar Road Satt, Elite, Ahmedabad, Gujarat, India – 380051
- IndustryFinancial Services, Diversified Financial Services
- 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
Brands
Viram Suvarn operates one associated brand: Veeram Ornaments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Travel insights and experiences are shared via a blog. | veeramornaments.com |
Business activity
The main business activity of Viram Suvarn is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Viram Suvarn Limited, buy the company report.
Financials of Viram Suvarn Limited
FY 2025-26 filings availableViram Suvarn Limited reported revenue of ₹24.6 Cr (down 7.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 24.60 | 26.48 | 19.33 | 18.68 | 18.74 | 20.52 | 19.96 |
| Revenue growth | -7.1% | +37.0% | +3.5% | -0.3% | -8.7% | +2.8% | - |
| EBITDA | 9.51 | 4.52 | 3.13 | 2.20 | 2.74 | 2.09 | 0.40 |
| EBITDA margin | +38.7% | +17.1% | +16.2% | +11.8% | +14.6% | +10.2% | +2.0% |
| Profit before tax | 9.93 | 4.51 | 3.30 | 2.32 | 4.48 | 3.63 | 1.41 |
| Net profit | 7.55 | 3.41 | 2.33 | 1.66 | 3.98 | 2.94 | 1.11 |
| Net profit margin | +30.7% | +12.9% | +12.1% | +8.9% | +21.2% | +14.3% | +5.6% |
| EPS (₹) | 0.67 | 0.45 | 0.33 | 1.18 | 3.95 | 2.90 | 2.54 |
| Balance sheet | |||||||
| Total assets | 63.63 | 25.31 | 22.06 | 19.60 | 18.38 | 14.37 | 11.50 |
| Net worth | 63.63 | 25.31 | 22.06 | 19.60 | 18.38 | 14.38 | 11.50 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 0.14 | 0.24 | 0.28 | 0.21 | 0.08 | 1.80 | 2.38 |
| Net working capital | 36.16 | 12.11 | 11.07 | 8.59 | 7.69 | 11.61 | 2.78 |
| Cash flow | |||||||
| Cash from operations | (21.96) | 2.38 | (0.12) | 0.59 | 3.92 | (9.68) | 0.96 |
| Cash from investing | (8.89) | (2.25) | 0.19 | (0.46) | (5.63) | 9.19 | (3.72) |
| Cash from financing | 30.75 | (0.17) | 0.00 | 0.00 | 0.00 | (0.09) | (0.74) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.35 | 5.32 | 7.52 | 6.48 | 5.28 | 6.55 | 3.71 | 5.21 |
| Revenue growth (YoY) | -17.6% | -18.8% | +102.7% | +24.4% | -35.4% | - | - | - |
| Other income | 3.17 | 0.17 | 0.25 | 0.00 | 0.00 | 1.47 | 0.31 | 0.62 |
| Total expenses | 5.82 | 3.34 | 3.94 | 4.33 | 3.47 | 6.65 | 3.09 | 4.92 |
| EBITDA | (1.47) | 1.98 | 3.58 | 2.15 | 1.81 | (0.10) | 0.62 | 0.29 |
| EBITDA margin | -33.8% | +37.2% | +47.6% | +33.2% | +34.3% | -1.5% | +16.7% | +5.6% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.70 | 2.15 | 3.83 | 2.15 | 1.81 | 1.36 | 0.93 | 0.91 |
| Tax | 0.26 | 0.76 | 0.65 | 0.55 | 0.40 | 0.40 | 0.20 | 0.20 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.35 | 5.32 | 7.52 | 6.48 | 5.28 | 6.55 | 3.71 | 5.21 |
| Revenue growth (YoY) | -17.6% | -18.8% | +102.7% | +24.4% | -35.4% | - | - | - |
| Other income | 3.17 | 0.17 | 0.25 | 0.00 | 0.00 | 1.47 | 0.31 | 0.62 |
| Total expenses | 5.82 | 3.34 | 3.94 | 4.33 | 3.47 | 6.65 | 3.09 | 4.92 |
| EBITDA | (1.47) | 1.98 | 3.58 | 2.15 | 1.81 | (0.10) | 0.62 | 0.29 |
| EBITDA margin | -33.8% | +37.2% | +47.6% | +33.2% | +34.3% | -1.5% | +16.7% | +5.6% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.70 | 2.15 | 3.83 | 2.15 | 1.81 | 1.36 | 0.93 | 0.91 |
| Tax | 0.26 | 0.76 | 0.65 | 0.55 | 0.40 | 0.40 | 0.20 | 0.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 24.60 | 26.48 | 19.33 | 18.68 | 18.74 | 20.52 | 19.96 |
| Revenue growth | -7.1% | +37.0% | +3.5% | -0.3% | -8.7% | +2.8% | - |
| Other income | 0.42 | 0.00 | 0.19 | 0.17 | 1.77 | 1.71 | 1.07 |
| Total expenses | 15.09 | 21.96 | 16.20 | 16.48 | 16.00 | 18.43 | 19.56 |
| Employee cost | 0.12 | 0.25 | 0.10 | 0.15 | 0.17 | 0.12 | 0.08 |
| EBITDA | 9.51 | 4.52 | 3.13 | 2.20 | 2.74 | 2.09 | 0.40 |
| EBITDA margin | +38.7% | +17.1% | +16.2% | +11.8% | +14.6% | +10.2% | +2.0% |
| Depreciation | 0.00 | 0.01 | 0.02 | 0.05 | 0.03 | 0.14 | 0.06 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 |
| Profit before tax | 9.93 | 4.51 | 3.30 | 2.32 | 4.48 | 3.63 | 1.41 |
| Tax | 2.36 | 1.10 | 0.83 | 0.53 | 0.50 | 0.69 | 0.30 |
| Net profit | 7.55 | 3.41 | 2.33 | 1.66 | 3.98 | 2.94 | 1.11 |
| Net profit margin | +30.7% | +12.9% | +12.1% | +8.9% | +21.2% | +14.3% | +5.6% |
| EPS (₹) | 0.67 | 0.45 | 0.33 | 1.18 | 3.95 | 2.90 | 2.54 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 22.69 | 15.13 | 15.13 | 15.13 | 10.09 | 10.09 | 4.31 |
| Reserves & surplus | 40.94 | 10.18 | 6.93 | 4.47 | 8.29 | 4.29 | 7.19 |
| Shareholders' funds (net worth) | 63.63 | 25.31 | 22.06 | 19.60 | 18.38 | 14.38 | 11.50 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 63.63 | 25.31 | 22.06 | 19.60 | 18.38 | 14.37 | 11.50 |
| Assets | |||||||
| Gross block | 11.55 | 11.55 | 11.30 | 11.30 | 10.65 | 2.50 | 5.41 |
| Net block | 11.21 | 11.21 | 10.97 | 10.99 | 10.39 | 2.27 | 5.32 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 16.29 | 2.00 | 0.00 | 0.00 | 0.29 | 0.49 | 3.41 |
| Inventories | 31.93 | 9.77 | 8.62 | 8.84 | 7.44 | 6.96 | 8.09 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 |
| Cash & bank balances | 0.14 | 0.24 | 0.28 | 0.21 | 0.08 | 1.80 | 2.38 |
| Loans & advances | 6.27 | 3.88 | 3.10 | 0.29 | 0.26 | 3.57 | 1.38 |
| Total current assets | 38.34 | 13.89 | 12.00 | 9.34 | 7.78 | 12.33 | 12.21 |
| Total current liabilities | 2.18 | 1.78 | 0.93 | 0.75 | 0.09 | 0.72 | 9.43 |
| Net working capital | 36.16 | 12.11 | 11.07 | 8.59 | 7.69 | 11.61 | 2.78 |
| Total assets | 63.63 | 25.31 | 22.06 | 19.60 | 18.38 | 14.37 | 11.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.24 | 0.28 | 0.21 | 0.08 | 1.80 | 2.38 | 5.87 |
| Net cash from operating activities | (21.96) | 2.38 | (0.12) | 0.59 | 3.92 | (9.68) | 0.96 |
| Net cash from investing activities | (8.89) | (2.25) | 0.19 | (0.46) | (5.63) | 9.19 | (3.72) |
| Net cash from financing activities | 30.75 | (0.17) | 0.00 | 0.00 | 0.00 | (0.09) | (0.74) |
| Net change in cash | (0.10) | (0.04) | 0.07 | 0.12 | (1.71) | (0.58) | (3.50) |
| Closing cash | 0.14 | 0.24 | 0.28 | 0.21 | 0.08 | 1.80 | 2.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -7.1% | +37.0% | +3.5% | -0.3% | -8.7% | +2.8% | - |
| EBITDA growth | +110.4% | +44.4% | +42.3% | -19.7% | +31.1% | +422.5% | - |
| PBT growth | +120.2% | +36.7% | +42.2% | -48.2% | +23.4% | +157.5% | +243.9% |
| Net income growth | +121.4% | +46.4% | +40.4% | -58.3% | +35.4% | +164.9% | - |
| Revenue CAGR (3Y) | +9.6% | +12.2% | -2.0% | -2.2% | +6.5% | -9.6% | +39.1% |
| EBITDA CAGR (3Y) | +62.9% | +18.2% | +14.4% | +76.5% | +116.5% | +38.3% | +14.0% |
| Profitability & leverage | |||||||
| Net income margin | +30.8% | +12.9% | +12.8% | +9.6% | +21.2% | +14.3% | +5.6% |
| Return on capital employed | +22.4% | +19.0% | +15.8% | +12.2% | +27.4% | +28.2% | +12.3% |
| Return on net worth | +17.1% | +14.4% | +11.8% | +9.4% | +24.4% | +22.6% | +10.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.54 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.13 | 2.32 | 1.71 | 1.70 | 2.85 | 5.19 | 7.31 |
| Inventory turnover | 1.18 | 2.88 | 2.21 | 2.29 | 2.60 | 2.73 | 2.68 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 114.00 | 110.89 |
| EPS (₹) | 0.67 | 0.45 | 0.33 | 1.18 | 3.95 | 2.90 | 2.54 |
| Dividend per share (₹) | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 5.61 | 3.35 | 2.92 | 12.96 | 18.22 | 14.25 | 26.68 |
To see the full year-wise statements and ratios of Viram Suvarn Limited, buy the company report.
Board of directors of Viram Suvarn Limited
Viram Suvarn has 5 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendrabhai Ramniklal Shah Also directs: Darshan Orna Limited | Managing Director | 20 Jun 2016 | 10 Years 4 Months | Current |
| Pinal Rakshitbhai Shah | Director | 03 Feb 2014 | 12 Years 8 Months | Current |
| Rakshit Mahendra Shah Also directs: Veeram Barter Private Limited, Veeram Vendors Private Limited | Director | 19 Apr 2017 | 9 Years 6 Months | Current |
| Sanjay Chunilal Vibhakar Also directs: Digimedia Web World Private Limited | Director | 21 Jun 2021 | 5 Years 4 Months | Current |
| Manoharbhai Bharatbhai Chunara | Director | 01 Oct 2022 | 4 Years 0 Months | Current |
Deals & funding
Viram Suvarn Limited has 76 deals on record (75 market trades, 1 ipo); the latest was in June 2026.
Deals on record (5 of 76)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Market trade | ₹1 Cr | Seller: Vivid Mercantile Limited |
| Sep 2024 | Market trade | ₹2.69 Cr | Buyer: Riddhi Traders, NK Securities Research Private Limited Seller: Vivid Mercantile Limited , Riddhi Traders, NK Securities Research Private Limited |
| Sep 2024 | Market trade | ₹1.98 Cr | Buyer: Vivid Mercantile Limited , an individual Seller: Vivid Mercantile Limited , an individual |
| Nov 2023 | Market trade | ₹96.9 Lakh | Seller: Vivid Mercantile Limited |
| Oct 2023 | Market trade | ₹1.62 Cr | Buyer: an individual Seller: Vivid Mercantile Limited , an individual |
To see the full deal history of Viram Suvarn Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Viram Suvarn Limited has 1 court case on record: 1 filed by Viram Suvarn. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (CRR) | Filed by the company against State of West Bengal and Anr | Pending |
To see the full case history of Viram Suvarn 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
No delayed payments to MSME suppliers are on our record for Viram Suvarn Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Viram Suvarn has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECV7446G1Z7 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Viram Suvarn Limited, buy the company report.
Recent activity
Viram Suvarn Limited has 32 board changes on record since 2011: 19 appointments and 13 cessations. The latest: Jyoti Goel ceased to be Company Secretary on 20 Apr 2024.
23 earlier events are in the company report.
Frequently asked questions
Viram Suvarn is an active public limited company based in Ahmedabad, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 15 April 2011 (15+ years old) and is registered under CIN L46498GJ2011PLC064964. Listed on BSE: 540252.
Viram Suvarn reported revenue of ₹24.6 Cr for FY 2025-26 (down 7.1% YoY) based on standalone financials.
Viram Suvarn has 5 current directors:
- Mahendrabhai Ramniklal Shah - Managing Director
- Pinal Rakshitbhai Shah - Director
- Rakshit Mahendra Shah - Director
- Sanjay Chunilal Vibhakar - Director
- Manoharbhai Bharatbhai Chunara - Director
The latest financial statements of Viram Suvarn on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Viram Suvarn is 24AAECV7446G1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Viram Suvarn is L46498GJ2011PLC064964. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Viram Suvarn is a listed company as per MCA records. Its shares are listed on BSE (code: 540252).
Viram Suvarn has 1 court case on record: 1 filed by the company. 1 is pending.
Viram Suvarn was incorporated on 15 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Viram Suvarn has 76 deals on record (75 market trades, 1 ipo); the latest was in June 2026.