About Vard Electrical Installation and Engineering (India) Private Limited
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Vard Electrical Installation and Engineering (India) Private Limited is a private limited company based in Ernakulam, Kerala, India, a subsidiary of Vard Electro As Norway. It operates in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 05 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U31200KL2010PTC025955. Its GSTIN is 32AAOCS2939K1ZY (Kerala).
The company has an authorised share capital of ₹3.65 Cr and a paid-up capital of ₹1.4 Cr. It was formerly known as Stx Electrical Installation and Engineering (India) Private Limited and Stx Osv Electrical Installation and Engineering (India) Private Limited. It is led by directors including Bjorn Harald Nilsen and Oystein Longva.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ernakulam, Kerala.
As per the financials filed for FY 2024, the company reported a revenue of ₹45.28 Lakh, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹11.96 Lakh (net margin -26.4%) and EBITDA of -₹11.96 Lakh (EBITDA margin -26.4%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 29% over five years.
The company is associated with 1 brand: VARD.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vard.com.
Company details
Name history
Vard Electrical Installation and Engineering (India) has undergone 2 name changes throughout its history. The company was previously known as Stx Electrical Installation And Engineering (India) Private Limited, and Stx Osv Electrical Installation And Engineering (India) Private Limited. The current legal name is Vard Electrical Installation And Engineering (India) Private Limited.
| Company Name | Status |
|---|---|
| Vard Electrical Installation and Engineering (India) Private Limited | Current |
| Stx Electrical Installation And Engineering (India) Private Limited | Previous |
| Stx Osv Electrical Installation And Engineering (India) Private Limited | Previous |
Contact details
Vard Electrical Installation and Engineering (India) Private Limited's registered office is in Ernakulam, Kerala. Its website is vard.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDoor No.62/1480 62/1481 1st Floor, Amrita Trade Tower S.A. Road Pallimukku Junction, Ernakulam, Kerala, India – 682016
- IndustryTransport and Logistics, Shipbuilding & Repair Services
To see the full contact details of Vard Electrical Installation and Engineering (India) Private 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
Business activity
The main business activity of Vard Electrical Installation and Engineering (India) is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Vard Electrical Installation and Engineering (India) Private Limited, buy the company report.
Financials of Vard Electrical Installation and Engineering (India) Private Limited
FY 2024 filings availableVard Electrical Installation and Engineering (India) Private Limited reported revenue of ₹45.28 Lakh (down 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 16% fall in the latest year. EBITDA rose 64% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹11.96 Lakh | ||||
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| Net Profit (PAT) | -₹11.96 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -26.4% | ||||
| Net Profit Margin | -26.4% | ||||
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To see the full financial statements and ratios of Vard Electrical Installation and Engineering (India) Private Limited, buy the company report.
Board of directors of Vard Electrical Installation and Engineering (India) Private Limited
Vard Electrical Installation and Engineering (India) has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bjorn Harald Nilsen | Director | 01 Aug 2022 | 4 Years 2 Months | Current |
| Oystein Longva | Director | 31 Mar 2014 | 12 Years 6 Months | Current |
| Ajith Balagangad Haran Nair | Additional Director | 05 Apr 2025 | 1 Years 6 Months | Current |
Auditor
Vard Electrical Installation and Engineering (India) Private Limited is audited by B S R & ASSOCIATES LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & ASSOCIATES LLP | FY 2020 | 116231W |
Shareholding
The shareholding of Vard Electrical Installation and Engineering (India) Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Vard Electrical Installation and Engineering (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Vard Electrical Installation and Engineering (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vard Electrical Installation and Engineering (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vard Electrical Installation and Engineering (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAOCS2939K1ZY | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vard Electrical Installation and Engineering (India) Private Limited, buy the company report.
Recent activity
Vard Electrical Installation and Engineering (India) Private Limited has 14 board changes on record since 2010: 4 appointments and 10 cessations. The latest: Oollirickal Abraham Jenin ceased to be Director on 15 Apr 2025.
5 earlier events are in the company report.
News
Frequently asked questions
Vard Electrical Installation and Engineering (India) is an active private limited company based in Ernakulam, Kerala, India. The company works in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 05 May 2010 (16+ years old) and is registered under CIN U31200KL2010PTC025955.
Vard Electrical Installation and Engineering (India) has 3 current directors:
- Bjorn Harald Nilsen - Director
- Oystein Longva - Director
- Ajith Balagangad Haran Nair - Additional Director
The latest financial statements of Vard Electrical Installation and Engineering (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vard Electrical Installation and Engineering (India) is 32AAOCS2939K1ZY, registered in Kerala.
The CIN (Corporate Identification Number) of Vard Electrical Installation and Engineering (India) is U31200KL2010PTC025955. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vard Electrical Installation and Engineering (India) was incorporated on 05 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ernakulam.
Oollirickal Abraham Jenin ceased to be Director on 15 Apr 2025. Ajith Balagangad Haran Nair was appointed as Additional Director on 05 Apr 2025. Bjorn Harald Nilsen ceased to be Additional Director on 28 Sep 2022. Vard Electrical Installation and Engineering (India) has 14 board changes on record in total.
Vard Electrical Installation and Engineering (India) can be reached through the website vard.com. Its registered office is in Ernakulam, Kerala, India.
The registered office of Vard Electrical Installation and Engineering (India) is at Door No.621480 621481 1st Floor, Amrita Trade Tower S.A. Road Pallimukku Junction, Ernakulam, Kerala, India – 682016.
Vard Electrical Installation and Engineering (India) operates in the transport and logistics industry, in the shipbuilding and repair services segment.