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 4 peer companies in the Cleantech industry (Water and Wastewater Treatment), with the same principal business activity (water collection, treatment and supply) are compared by revenue, 2 larger and 2 smaller; the largest is Va Tech Wabag Limited with revenue of ₹2,899.8 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
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
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
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
Financials of Vishvaraj Environment Limited
FY 2025 filings availableVishvaraj Environment Limited reported revenue of ₹1,780.65 Cr (up 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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 | •••• | |
| Fixed Assets | •••• | |
| Investments | •••• | |
| Inventories | •••• | |
| Trade Receivables | •••• | |
| Cash and Bank Balance | •••• | |
| Total Assets | •••• | |
Financial Ratios
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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, and every line for FY 2020-21 to FY 2023-24, 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.
: available in the company report
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
Vishvaraj Environment Limited is compared with the companies closest to it by revenue in the Cleantech industry (Water and Wastewater Treatment), with the same principal business activity (water collection, treatment and supply). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 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 |
| Aquatech Systems (Asia) Private Limited | ₹1,082.07 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Pune, Maharashtra, India |
Peers are the companies nearest to Vishvaraj Environment by revenue, above and below it, in the Cleantech industry (Water and Wastewater Treatment), with the same principal business activity (water collection, treatment and supply), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings
| 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
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 |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
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 |
: available in 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
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 | •••• | •••• | •••• |
: available in the company report
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
Employment history and EPFO contributions of people linked to Vishvaraj Environment.
: available in the company report
Recent Activity
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
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
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 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
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 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
The latest financial statements of Vishvaraj Environment on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
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 Va Tech Wabag Limited, Jwil Infra Limited, Eco Protection Engineers Private Limited, Aquatech Systems (Asia) Private Limited, all in the Cleantech industry (Water and Wastewater Treatment), with the same principal business activity (water collection, treatment and supply).
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.
Vishvaraj Environment has 10 MSME Form 1 returns on record between 2019 and 2023, listing 266 overdue payments to 50 micro and small suppliers. The latest return was filed on 21 Nov 2023.
Vishvaraj Environment can be reached through the website vishvaraj.in. Its registered office is in Mumbai, Maharashtra, India.