About GVFL Limited
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GVFL 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 02 July 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65923GJ1990PLC013966. Its GSTIN is 24AAACG7778G1ZF (Gujarat).
The company has an authorised share capital of ₹5.05 Cr and a paid-up capital of ₹1.1 Cr. It was formerly known as Gujarat Venture Finance Limited. It is led by directors including Mihirkumar Arvind Joshi (Managing Director) and Sunil Rajnikant Parekh.
Its last annual general meeting (AGM) was held on 31 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2026, the company reported a revenue of ₹19.58 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹9.19 Cr (net margin 46.9%) and EBITDA of ₹12.85 Cr (EBITDA margin 65.6%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 16% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Gujarat Venture Finance. Court records list 61 cases involving the company, including 26 filed by the company and 35 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gvfl.com.
Company details
Contact details
GVFL Limited's registered office is in Ahmedabad, Gujarat. Its website is gvfl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC – 1221 1222 Stratum @ Venus Ground, Satellite Road Nehrunagar, Ahmedabad, Gujarat, India – 380015
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of GVFL Limited, buy the company report.
- 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
GVFL operates one associated brand: Gujarat Venture Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Venture capital investments are made in Indian startups across multiple sectors. | gvfl.com |
Business activity
The main business activity of GVFL is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of GVFL Limited, buy the company report.
Financials of GVFL Limited
FY 2026 filings availableGVFL Limited reported revenue of ₹19.58 Cr (up 36% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 36% growth in the latest year. EBITDA rose 57% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹19.58 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹12.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.19 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 65.6% | ||||
| Net Profit Margin | 46.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of GVFL Limited, buy the company report.
Board of directors of GVFL Limited
GVFL has 5 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Rajnikant Parekh | Director | 27 Aug 2015 | 11 Years 2 Months | Current |
| Tapan Ray Also directs: Powerica Limited | Director | 19 Nov 2020 | 5 Years 11 Months | Current |
| Bankimchandra Shashikant Mehta | Director | 19 Nov 2020 | 5 Years 11 Months | Current |
| Praveena Deverajan Kannan Also directs: Narmada Clean Tech, PM Mitra Park Gujarat Limited, Gujarat Pcpir Services Limited and 5 more | Director | 16 Apr 2025 | 1 Years 6 Months | Current |
| Mihirkumar Arvind Joshi Also directs: Growit India Private Limited, Alfa Corpuscles Private Limited, Aditi Toys Private Limited and 5 more | Managing Director | 12 Nov 2024 | 1 Years 11 Months | Current |
Auditor
GVFL Limited is audited by Pankaj R. Shah & Associates for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pankaj R. Shah & Associates | FY 2026 | 107361W |
Shareholding
The shareholding of GVFL Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of GVFL Limited, buy the company report.
Legal cases
GVFL Limited has 61 court cases on record: 26 filed by GVFL, 35 filed against it. 1 case is pending and 60 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 40 | 29 | 0 |
| District courts | 18 | 3 | 1 |
| Supreme Court | 3 | 3 | 0 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Flipspaces Technology Labs Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed by the company against Apex Electricals Limited and 4 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CFR) | Filed by the company against 20 Microns Ltd. and 21 others | Disposed |
| High Court, GUJARAT | Court case (IAAP) | Filed by the company against Basu Media Services Pvt.Ltd. and 3 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against 20 Microns Ltd. and 21 others | Disposed |
To see the full case history of GVFL 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 GVFL Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
GVFL has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| GVFL Trustee Company Private Limited | U74990GJ2000PTC037367 |
To see the full group structure of GVFL Limited, buy the company report.
GST
GVFL has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACG7778G1ZF | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of GVFL Limited, buy the company report.
Recent activity
GVFL Limited has 34 board changes on record since 2007: 5 appointments and 29 cessations. The latest: Praveena Deverajan Kannan ceased to be Additional Director on 29 Sep 2025.
25 earlier events are in the company report.
News
Frequently asked questions
GVFL 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 02 July 1990 (36+ years old) and is registered under CIN U65923GJ1990PLC013966.
GVFL has 5 current directors:
- Mihirkumar Arvind Joshi - Managing Director
- Sunil Rajnikant Parekh - Director
- Tapan Ray - Director
- Bankimchandra Shashikant Mehta - Director
- Praveena Deverajan Kannan - Director
The latest financial statements of GVFL on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 31 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of GVFL is 24AAACG7778G1ZF, registered in Gujarat.
The CIN (Corporate Identification Number) of GVFL is U65923GJ1990PLC013966. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GVFL has 61 court cases on record: 26 filed by the company and 35 filed against it. 1 is pending. Most are in the high courts.
GVFL was incorporated on 02 July 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Praveena Deverajan Kannan ceased to be Additional Director on 29 Sep 2025. Praveena Deverajan Kannan was appointed as Director on 16 Apr 2025. Mihirkumar Arvind Joshi was appointed as Managing Director on 12 Nov 2024. GVFL has 34 board changes on record in total.
GVFL can be reached through the website gvfl.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of GVFL is at C – 1221 1222 Stratum @ Venus Ground, Satellite Road Nehrunagar, Ahmedabad, Gujarat, India – 380015.
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