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Vegolution India Private Limited - food and beverages in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.16 Cr
▲ 60% YoY
Net loss · FY 2024
₹7.27 Cr
Net margin -118.1%
EBITDA · FY 2024
-₹7.12 Cr
EBITDA margin -115.5%
Authorised capital
₹75 Lakh
Registered with MCA
Paid-up capital
₹62.76 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
28
Provident fund records
Directors on board
3
As per MCA filings
About Vegolution India Private Limited
Data last updated:
Vegolution India Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the organic and health foods segment of the food and beverages sector. It was incorporated on 21 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15136KA2019PTC127231. Its GSTIN is 29AAHCV0651N1ZU (Karnataka). The company holds 14 GST registrations, all of them active.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹62.76 Lakh. It is led by directors including Siddharth Vaikunta Ramasubramanian and Ramasubramanian Vaikunta.
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 First Floor No.93 1st Block 3rd Main R.T. Nagar, Bangalore, Karnataka, India – 560032.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.16 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net loss of ₹7.27 Cr (net margin -118.1%) and EBITDA of -₹7.12 Cr (EBITDA margin -115.5%). Revenue has grown at a compounded annual rate (CAGR) of 464% over three years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Hello Tempayy and Vegolution. The company has 10 deals on record (5 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹19.53 Cr; the latest was in May 2025.
Vegolution India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0041362). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hellotempayy.com.
Company details
CIN U15136KA2019PTC127231
Registration Number 127231
Incorporation Date 21 August 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0041362
Key People
Siddharth Vaikunta Ramasubramanian Director Ramasubramanian Vaikunta Director Rajit Malhotra Director Recognitions & Rankings of Vegolution India
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0041362
Contact details
Vegolution India Private Limited's registered office is in Bangalore, Karnataka. Its website is hellotempayy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFirst Floor No.93 1st Block 3rd Main R.T. Nagar, Bangalore, Karnataka, India – 560032
- IndustryFood and Beverages, Organic & Health Foods
To see the full contact details of Vegolution India Private Limited, buy the company report.
Comprehensive company report
Vegolution India Private Limited - one report that includes everything
- 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
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Brands
Vegolution India operates two associated brands: Hello Tempayy and VEGOLUTION. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Soybean tempeh cubes are sold online in various flavors. | hellotempayy.com | |
| Versatile and nutritious protein-first vegetarian foods are produced. | veg-olution.com |
Business activity
The main business activity of Vegolution India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Vegolution India Private Limited, buy the company report.
Financials of Vegolution India Private Limited
FY 2024 filings availableVegolution India Private Limited reported revenue of ₹6.16 Cr (up 60% YoY) for FY 2024.
Revenue · FY 2024
₹6.16 Cr ▲ 60%
Net loss · FY 2024
₹7.27 Cr margin -118.1%
EBITDA · FY 2024
-₹7.12 Cr margin -115.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 60%
3 years · compounded
▲ 464%
EBITDA CAGR growth
1 year
▼ 31%
3 years · compounded
▼ 63%
Revenue has grown at a compounded annual rate (CAGR) of 464% over three years, including 60% growth in the latest year. EBITDA fell 31% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹6.16 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.27 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -115.5% | ||||
| Net Profit Margin | -118.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Vegolution India Private Limited, buy the company report.
Board of directors of Vegolution India Private Limited
Vegolution India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddharth Vaikunta Ramasubramanian | Director | 21 Aug 2019 | 7 Years 2 Months | Current |
| Ramasubramanian Vaikunta Also directs: Crescon Projects and Services Private Limited | Director | 21 Aug 2019 | 7 Years 2 Months | Current |
| Rajit Malhotra | Director | 25 Sep 2023 | 3 Years 1 Months | Current |
Auditor
Vegolution India Private Limited is audited by DKSM & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DKSM & ASSOCIATES | FY 2023 | 014120S |
Shareholding
The shareholding of Vegolution India Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Vegolution India Private Limited, buy the company report.
Deals & funding
Vegolution India Private Limited has 10 deals on record (5 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹19.53 Cr; the latest was in May 2025.
Total deals
10
Funding rounds
5
Rights issues
3
Secondary share transfers
2
Disclosed funding
₹19.53 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2025 | Funding round | ₹2.4 Cr | Investors: Arias Consulting LLP , 2 individuals |
| Jan 2025 | Rights issue | ₹2.99 Cr | Investors: Arias Consulting LLP , 2 individuals |
| Aug 2024 | Funding round | ₹18.4 Lakh | Investors: an individual |
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: August Holding, an individual Seller: an individual |
| Mar 2023 | Funding round | ₹13.47 Cr | Investors: 4 individuals |
To see the full deal history of Vegolution India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Vegolution 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 Vegolution India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vegolution India Private Limited has a workforce of 28 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
28
Active EPFO establishments
1
Employee growth
12%
GST
Vegolution India has 14 GST registrations: 14 active. The first 4 active GSTINs are listed below.
Total GSTINs
14
Active
14
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCV0651N1ZU | Karnataka | Active | 14 Jan 2020 |
| 29AAHCV0651N2ZT | Karnataka | Active | 14 Jul 2021 |
| 36AAHCV0651N1ZZ | Telangana | Active | 30 Jun 2021 |
| 33AAHCV0651N1Z5 | Tamil Nadu | Active | 27 Sep 2021 |
To see the full GST registrations and return filing status of Vegolution India Private Limited, buy the company report.
Recent activity
Vegolution India Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Rajit Malhotra ceased to be Additional Director on 28 Sep 2023.
AGM
Vegolution India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Vegolution India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Rajit Malhotra ceased to be Additional Director.
Appointed
Rajit Malhotra was appointed as Director.
Appointed
Ramasubramanian Vaikunta was appointed as Director.
Appointed
Siddharth Vaikunta Ramasubramanian was appointed as Director.
Incorporation
21 Aug 2019
Vegolution India Private Limited was registered on 21 Aug 2019 with Roc Bangalore & aged 7 years 2 months as per MCA records.
News
Frequently asked questions
Vegolution India is an active private limited company based in Bangalore, Karnataka, India. The company works in organic and health foods, within the food and beverages industry. It was incorporated on 21 August 2019 (7+ years old) and is registered under CIN U15136KA2019PTC127231.
Vegolution India has 3 current directors:
- Siddharth Vaikunta Ramasubramanian - Director
- Ramasubramanian Vaikunta - Director
- Rajit Malhotra - Director
The latest financial statements of Vegolution 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 FY 2020 are in the company report.
The GSTIN of Vegolution India is 29AAHCV0651N1ZU, registered in Karnataka. The company has 14 GST registrations in all, of which 14 are active. Other active GSTINs include 29AAHCV0651N2ZT (Karnataka), 36AAHCV0651N1ZZ (Telangana), 33AAHCV0651N1Z5 (Tamil Nadu).
The CIN (Corporate Identification Number) of Vegolution India is U15136KA2019PTC127231. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vegolution India was incorporated on 21 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Vegolution India has 10 deals on record (5 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹19.53 Cr; the latest was in May 2025.
Rajit Malhotra ceased to be Additional Director on 28 Sep 2023. Rajit Malhotra was appointed as Director on 25 Sep 2023. Ramasubramanian Vaikunta was appointed as Director on 21 Aug 2019. Vegolution India has 4 board changes on record in total.
Yes, Vegolution India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Vegolution India is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0041362).