About Norfolk Technology Services Limited
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Norfolk Technology Services Limited is a public limited company based in Vadodara, Gujarat, India, a subsidiary of Northvale Capital Partners Pte Ltd. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 02 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67110GJ2005PLC046708. Its GSTIN is 24AACCV3212E1ZX (Gujarat).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.8 Cr. It was formerly known as Vadodara Stock Exchange Limited. It is led by directors including Baljit Singh and Honey Baljit Singh.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3rd Floor Fortune Towerrsyajigunj, Vadodara, Gujarat, India – 390005.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.65 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹1.71 Cr (net margin 7.6%) and EBITDA of ₹2.98 Cr (EBITDA margin 13.2%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 11% over five years.
The company has about 22 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: VSELIndia. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it; 4 cases are 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 vselindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address3rd Floor Fortune Towerrsyajigunj, Vadodara, Gujarat, India – 390005
- 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
- One PDF report, delivered after checkout
Associated Brands with Norfolk Technology Services Limited
Norfolk Technology Services operates one associated brand: VSELIndia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Functions as an online trading platform for commodities, derivatives, stocks, and other assets. | vselindia.com |
Business Activity of Norfolk Technology Services Limited
The main business activity of Norfolk Technology Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 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 |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
| K | Financial and insurance Service | K8 | Other financial activities | 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 Norfolk Technology Services Limited FY 2025 filings available
Norfolk Technology Services Limited reported revenue of ₹22.65 Cr (up 49% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Norfolk Technology Services Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 49% growth in the latest year. EBITDA rose 56% 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 Norfolk Technology Services Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2.98 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.71 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 of Norfolk Technology Services Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.6% | •••• | •••• | •••• | •••• |
| 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 Norfolk Technology Services 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 of Norfolk Technology Services Limited
Norfolk Technology Services has 3 current directors and 49 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Baljit Singh Also directs: Integra Switchgear Limited, Idream Film Infrastructure Company Limited, Bimal Switchgear Private Limited and 5 more | Director | 06 Sep 2018 | 8 Years 1 Months | Current |
| Honey Baljit Singh Also directs: Integra Switchgear Limited, Idream Film Infrastructure Company Limited, Bimal Switchgear Private Limited and 3 more | Director | 06 Sep 2018 | 8 Years 1 Months | Current |
| Upveen Harpal Also directs: Integra Switchgear Limited, Idream Film Infrastructure Company Limited, Bimal Switchgear Private Limited and 5 more | Director | 06 Sep 2018 | 8 Years 1 Months | Current |
Peer Comparison of Norfolk Technology Services Limited
Norfolk Technology Services Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aapt Holdings Private Limited | ₹22.87 Cr (FY 2025) | •••• | •••• | -54.0% | •••• | Mumbai, Maharashtra, India |
| Morgan Stanley Fund Advisor Ifsc Private Limited | ₹22.86 Cr (FY 2025) | •••• | •••• | 1314.0% | •••• | Gift, Gujarat, India |
| Bishnu Clearing Agency Private Limited | ₹22.82 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Siliguri, West Bengal, India |
| Swift India Domestic Services Private Limited | ₹22.73 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Bandra East Mumbai, Maharashtra, India |
| CGS BPO India Private Limited | ₹22.71 Cr (FY 2025) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Norfolk Technology Services Limited this company | ₹22.65 Cr (FY 2024) | •••• | •••• | 49.0% | •••• | Vadodara, Gujarat, India |
| Piramal Alternatives Private Limited | ₹22.64 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Lower Parel, Mumbai, Maharashtra, India |
| BDS Fincap Private Limited | ₹22.6 Cr (FY 2025) | •••• | •••• | 71.0% | •••• | Jaipur, Rajasthan, India |
| Storenet Recharge Services Private Limited | ₹22.57 Cr (FY 2023) | •••• | •••• | 172.0% | •••• | Hadapsar, Maharashtra, India |
| Iska Properties and Investments Pvt Ltd | ₹22.52 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Raipur, Chhattisgarh, India |
| Portfolio Financial Services Limited | ₹22.5 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Norfolk Technology Services by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Norfolk Technology Services Limited
Norfolk Technology Services Limited is audited by D C PARIKH & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D C PARIKH & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Norfolk Technology Services Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Norfolk Technology Services Limited
Norfolk Technology Services Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Norfolk Technology Services Limited
Norfolk Technology Services Limited has 8 court cases on record: 5 filed by Norfolk Technology Services, 3 filed against it. 4 cases are pending and 4 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 1 |
| High courts | 3 | 0 | 3 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Civil suit | Filed against the company by an individual | Pending |
| High Court of Gujarat | Court case (SCR.A) | Filed by the company against State of Gujarat | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against an individual | Pending |
| High Court of Gujarat | Appeal | Filed by the company against an individual | Pending |
| District court, Vadodara, Gujarat | Court case (CMA SC) | Filed by the company against an individual | Disposed |
Full case history
All 8 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.
Employees and EPFO Compliance at Norfolk Technology Services Limited
Norfolk Technology Services Limited has a workforce of 22 employees as of Apr 07, 2024.
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.
Group Structure of Norfolk Technology Services Limited
Norfolk Technology Services has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Vse Securities Ifsc Private Limited | U65999GJ2019PTC106219 | Locked |
| Vse Stock Services Limited | U67120GJ2002PLC040360 | Locked |
| Norfolk Technologies Private Limited | U72900MH2007PTC176001 | Locked |
Showing major subsidiaries. Total: 3.
Recent Activity on Norfolk Technology Services Limited
Norfolk Technology Services Limited has 95 board changes on record since 2005: 49 appointments and 46 cessations. The latest: Satyanarayan Madanlal Shah ceased to be Director on 26 Apr 2019.
86 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Norfolk Technology Services 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.
MSME Payment Delays by Norfolk Technology Services Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Norfolk Technology Services 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 Norfolk Technology Services Limited
Norfolk Technology Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCV3212E1ZX | Gujarat | Active | 01 Jul 2017 |
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 Norfolk Technology Services 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.
Related news about Norfolk Technology Services Limited
Frequently Asked Questions about Norfolk Technology Services Limited
Norfolk Technology Services is an active public limited company based in Vadodara, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 02 September 2005 (21+ years old) and is registered under CIN U67110GJ2005PLC046708.
Norfolk Technology Services reported revenue of ₹22.65 Cr for FY 2024 (up 49% YoY).
Norfolk Technology Services has 3 current directors:
- Baljit Singh - Director
- Honey Baljit Singh - Director
- Upveen Harpal - Director
Norfolk Technology Services reported a net profit of ₹1.71 Cr (net margin 7.6%) and EBITDA of ₹2.98 Cr (EBITDA margin 13.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Norfolk Technology Services is 10% over three years and 11% over five years. In the latest year (FY 2024) revenue rose 49%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Norfolk Technology Services is 24AACCV3212E1ZX, registered in Gujarat.
The CIN (Corporate Identification Number) of Norfolk Technology Services is U67110GJ2005PLC046708. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Norfolk Technology Services has 8 court cases on record: 5 filed by the company and 3 filed against it. 4 are pending. Most are in the district courts.
Norfolk Technology Services was incorporated on 02 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Norfolk Technology Services by revenue are Aapt Holdings Private Limited, Morgan Stanley Fund Advisor Ifsc Private Limited, Bishnu Clearing Agency Private Limited, Swift India Domestic Services Private Limited, CGS BPO India Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Satyanarayan Madanlal Shah ceased to be Director on 26 Apr 2019. Sonal Jayeshbhai Parikh ceased to be Director on 02 Nov 2018. Baljit Singh was appointed as Director on 06 Sep 2018. Norfolk Technology Services has 95 board changes on record in total.