About Vishvaraj Environment Limited
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Vishvaraj Environment Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Premier Financial Services Private Limited. It operates in the water treatment segment of the environmental services sector. It was incorporated on 22 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2008PLC186950. Its GSTIN is 27AADCV0032H1ZO (Maharashtra). The company holds 14 GST registrations, all of them active.
The company has an authorised share capital of ₹300 Cr and a paid-up capital of ₹210.46 Cr. It is led by directors including Arun Hanumandas Lakhani (Managing Director) and Vandana Arun Lakhani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 116A 11th Floor Maker Chambers VI 220 Nariman Point Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,780.65 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹266.27 Cr (net margin 15%) and EBITDA of ₹445.9 Cr (EBITDA margin 25%). Revenue has grown at a compounded annual rate (CAGR) of 66% over three years and 29% over five years.
The company has about 596 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vishvaraj. As per MCA filings, the company has open charges of ₹4,598.85 Cr and satisfied charges of ₹1,078.71 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending. The company has 7 deals on record (3 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹142.96 Cr; the latest was in March 2025. Its 9 peer companies in the Cleantech industry (Water and Wastewater Treatment) are compared by revenue, 4 larger and 5 smaller; the largest is Triveni Engineering and Industries Limited with revenue of ₹6,865.58 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 266 overdue payments to 50 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vishvaraj.in.
CIN History of Vishvaraj Environment Limited
Vishvaraj Environment has one previous CIN (Corporate Identification Number): U74999MH2008PTC186950. The current CIN is U74999MH2008PLC186950, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2008PLC186950 | Current |
| U74999MH2008PTC186950 | Previous |
- EmailLocked
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- Social Media
- Registered Address116A 11th Floor Maker Chambers VI 220 Nariman Point Mumbai, Maharashtra, India – 400021
- IndustryEnvironment, Water Treatment
- 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
- One PDF report, delivered after checkout
Associated Brands with Vishvaraj Environment Limited
Vishvaraj Environment operates one associated brand: Vishvaraj. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive solutions for drinking water services. | vishvaraj.in |
Business Activity of Vishvaraj Environment Limited
The main business activities of Vishvaraj Environment are water supply, sewerage and waste management and trade. In detail, this covers water collection, treatment and supply and wholesale trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E1 | Water collection, treatment and supply | Locked |
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Vishvaraj Environment Limited FY 2025 filings available
Vishvaraj Environment Limited reported revenue of ₹1,780.65 Cr (up 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Vishvaraj Environment Limited
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 38% growth in the latest year. EBITDA rose 46% 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 of Vishvaraj Environment Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹445.9 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹266.27 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Vishvaraj Environment Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 15% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Vishvaraj Environment are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Vishvaraj Environment Limited
Vishvaraj Environment Limited currently reports 8 directors and 1 key managerial person. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Madhukarrao Thakre Also directs: Masycoda Solutions Private Limited | Additional Director | 25 Sep 2025 | 1 Years 0 Months | Current |
| Satyajeet Surendra Raut | Director | 08 Jun 2016 | 10 Years 4 Months | Current |
| Anurag Shrivastava | Director | 04 Mar 2017 | 9 Years 7 Months | Current |
| Vaibhav Moreshwar Lade | Director | 05 Sep 2025 | 1 Years 1 Months | Current |
| Sureshkumar Madanlal Agiwal | Director | 25 Jun 2013 | 13 Years 3 Months | Current |
| Arun Hanumandas Lakhani | Managing Director | 22 Sep 2008 | 18 Years 1 Months | Current |
Peer Comparison of Vishvaraj Environment Limited
Vishvaraj Environment Limited is compared with the companies closest to it by revenue in the Cleantech industry (Water and Wastewater Treatment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Triveni Engineering and Industries Limited Listed | ₹6,865.58 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Noida, Uttar Pradesh, India |
| Praj Industries Limited Listed | ₹3,278.88 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Pune, Maharashtra, India |
| Va Tech Wabag Limited Listed | ₹2,899.8 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Chennai, Tamil Nadu, India |
| Jwil Infra Limited | ₹1,900 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Uttar Pradesh, India |
| Vishvaraj Environment Limited this company | ₹1,780.65 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Mumbai, Maharashtra, India |
| Eco Protection Engineers Private Limited | ₹1,433.09 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Chennai, Tamil Nadu, India |
| Nalco Water India Private Limited | ₹1,325.83 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Pune, Maharashtra, India |
| Enviro Infra Engineers Limited | ₹1,085.47 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Delhi, India |
| Aquatech Systems (Asia) Private Limited | ₹1,082.07 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Pune, Maharashtra, India |
| Vikran Engineering Limited | ₹922.36 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Vishvaraj Environment by revenue in the Cleantech industry (Water and Wastewater Treatment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Vishvaraj Environment Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Oct 2025 | Others | ₹492.46 Cr | Open |
| 04 Aug 2025 | Others | ₹794.84 Cr | Open |
| 04 Aug 2025 | Others | ₹794.84 Cr | Open |
| 18 Jun 2025 | Hdfc Bank Limited | ₹52 Cr | Open |
| 16 May 2025 | Others | ₹1,071 Cr | Open |
Total charge records: 39 View all charges
Deals & Funding of Vishvaraj Environment Limited
Vishvaraj Environment Limited has 7 deals on record (3 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹142.96 Cr; the latest was in March 2025.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: Premier Financial Services Limited & Sagang Arun Lakhanee, Premier Financial Services Limited & Dhatripriya N Lakhanee, Premier Financial Services Limited & Vandana Lakhani Seller: 2 individuals |
| Mar 2022 | Rights issue | ₹59.66 Cr | Investors: Premier Financial Services Private Limited , 2 individuals |
| Feb 2019 | Debt financing | ₹100 Cr | Investors: Centrum Wealth Limited , Centrum Retail Services Limited , Centrum Financial Services Limited |
| Mar 2015 | Funding round | ₹10 Cr | Investors: Vishvaraj Infrastructure Private Limited , Premier Financial Services Private Limited , 2 individuals |
| Dec 2014 | Secondary share transfer | Undisclosed | Buyer: Premier Financial Services Private Limited Seller: Vishvaraj Real Estate Private Limited , Last Mile Real Estate Private Limited |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Vishvaraj Environment Limited
Vishvaraj Environment Limited has 4 court cases on record: 1 filed by Vishvaraj Environment, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BIDAR, Karnataka | Court case (ECA) | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (MCA) | Filed against the company by M/S. D.P. Construction, Nagpur, Through Its Proprietor, Mr. Devendra Prabhakar Yawalkar | Disposed |
| Bombay High Court | Court case (MCA) | Filed against the company by M/S D.P. Construction THR. Its Prop. Mr. Devendra Prabhakar Yawalkar, Nagpur | Disposed |
| High Court of Chhattisgarh | Writ petition | Filed by the company against Raipur Municipal Corporation and Anr. and 1 other | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Vishvaraj Environment Limited
Vishvaraj Environment Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 266 overdue payments to 50 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 50)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Scop Infrastructure & Co. | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Oneness Construction | •••• | •••• | •••• |
| K N K Associates | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 10 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Vishvaraj Environment Limited
Employment history and EPFO contributions of people linked to Vishvaraj Environment.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Vishvaraj Environment Limited
Vishvaraj Environment Limited has 25 board changes on record since 2008: 9 appointments and 16 cessations. The latest: Sandeep Madhukarrao Thakre was appointed as Additional Director on 25 Sep 2025.
85 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vishvaraj Environment Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Vishvaraj Environment Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Vishvaraj Environment Limited
Vishvaraj Environment has 14 GST registrations: 14 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV0032H1ZO | Maharashtra | Active | 01 Jul 2017 |
| 27AADCV0032H2ZN | Maharashtra | Active | 01 Apr 2025 |
| 29AADCV0032H1ZK | Karnataka | Active | 01 Jul 2017 |
| 22AADCV0032H1ZY | Chattisgarh | Active | 24 Feb 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Vishvaraj Environment Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Vishvaraj Environment Limited
Vishvaraj Environment is an active public limited company based in Mumbai, Maharashtra, India. The company works in water treatment, within the environment industry. It was incorporated on 22 September 2008 (18+ years old) and is registered under CIN U74999MH2008PLC186950.
Vishvaraj Environment reported revenue of ₹1,780.65 Cr for FY 2025 (up 38% YoY).
Vishvaraj Environment has 9 current directors and KMP:
- Arun Hanumandas Lakhani - Managing Director
- Vandana Arun Lakhani - Whole-Time Director
- Sandeep Madhukarrao Thakre - Additional Director
- Satyajeet Surendra Raut - Director
- Anurag Shrivastava - Director
- Vaibhav Moreshwar Lade - Director
- Sureshkumar Madanlal Agiwal - Director
- Ulhas Pralhadrao Debadwar - Director
- Girish Dinanath Nadkarni - Cfo
Vishvaraj Environment reported a net profit of ₹266.27 Cr (net margin 15%) and EBITDA of ₹445.9 Cr (EBITDA margin 25%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vishvaraj Environment is 66% over three years and 29% over five years. In the latest year (FY 2025) revenue rose 38%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vishvaraj Environment is 27AADCV0032H1ZO, registered in Maharashtra. The company has 14 GST registrations in all, of which 14 are active. Other active GSTINs include 27AADCV0032H2ZN (Maharashtra), 29AADCV0032H1ZK (Karnataka), 22AADCV0032H1ZY (Chattisgarh).
The CIN (Corporate Identification Number) of Vishvaraj Environment is U74999MH2008PLC186950. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vishvaraj Environment has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Vishvaraj Environment was incorporated on 22 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Vishvaraj Environment has 7 deals on record (3 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹142.96 Cr; the latest was in March 2025.
The peers of Vishvaraj Environment by revenue are Triveni Engineering and Industries Limited, Praj Industries Limited, Va Tech Wabag Limited, Jwil Infra Limited, Eco Protection Engineers Private Limited and 4 more, all in the Cleantech industry (Water and Wastewater Treatment).
Sandeep Madhukarrao Thakre was appointed as Additional Director on 25 Sep 2025. Srinivasa Chary Vedala ceased to be Additional Director on 21 Sep 2025. Ulhas Pralhadrao Debadwar ceased to be Additional Director on 21 Sep 2025. Vishvaraj Environment has 25 board changes on record in total.