Saarus Innovations Profile
Key Indicators
- Authorised Capital ₹ 4.00 Cr
- Paid Up Capital ₹ 2.99 Cr
- Company Age 9 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 20.00 Cr
- Satisfied Charges ₹ 12.00 Cr
- Revenue Growth 43.75%
- Profit Growth -8.40%
- Ebitda 53.97%
- Net Worth 21.51%
- Total Assets -1.74%
About Saarus Innovations
Saarus Innovations Private Limited (SIPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 01 December 2015 (Nine years and two months 26 days old ). Its registered office is in Sanand, Gujarat, India.
The Company is engaged in the Home & Lifestyle Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 4.00 Cr and a paid-up capital of Rs 2.99 Cr.
The company currently has active open charges totaling ₹20.00 Cr. The company has closed loans amounting to ₹12.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vibhas Raina, Salil Bhargava, Sagun Saxena, and One other member serve as directors at the Company.
Company Details
- Location
Sanand, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74210GJ2015PTC085209
- Company No.
085209
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
01 Dec 2015
- Date of AGM
25 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Saarus Innovations?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vibhas Raina  | Managing Director | 24-Aug-2022 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Salil Bhargava | Director | 18-Feb-2016 | Current |
| Sagun Saxena | Nominee Director | 25-Sep-2018 | Current |
Nicholas Stokes  | Director | 01-Feb-2019 | Current |
Financial Performance of Saarus Innovations.
Saarus Innovations Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 43.75% increase. The company also saw a slight decrease in profitability, with a 8.4% decrease in profit. The company's net worth Soared by an impressive increase of 21.51%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Saarus Innovations?
In 2023, Saarus Innovations had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Koko Networks Private LimitedSalil Bhargava, Sagun Saxena and 1 more are mutual person
Koko Networks Manufacturing Private LimitedSalil Bhargava is a mutual person
- Novotech Enterprises Private Limited
Salil Bhargava is a mutual person
- Tuka Wardhan Foundation
Salil Bhargava is a mutual person
Charges (Loans)
₹20.00 Cr
₹12.00 Cr
Charges Breakdown by Lending Institutions
- Others : 20.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Mar 2023 | Others | ₹20.00 Cr | Open |
| 12 Dec 2022 | Others | ₹12.00 Cr | Satisfied |
How Many Employees Work at Saarus Innovations?
Saarus Innovations has a workforce of 198 employees as of Apr 01, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Saarus Innovations, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Saarus Innovations's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
