About Veracity Financial Services Private Limited
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Veracity Financial Services Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 20 January 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ2012PTC083200. Its GSTIN is 24AADCV9242K1Z1 (Gujarat). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹3.2 Cr and a paid-up capital of ₹3.15 Cr. It is led by directors Kanaksinh Agarsinh Gohil and Pramit Bharatkumar Brahmbhatt.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.43 Lakh, a decline of 75% compared to the previous year. For the same year it recorded a net profit of ₹4.22 Lakh (net margin 31.4%) and EBITDA of ₹6.39 Lakh (EBITDA margin 47.6%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years and 36% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veracityfs.co.in.
Company details
CIN history
Veracity Financial Services has one previous CIN (Corporate Identification Number): U67120DN2012PTC000391. The current CIN is U67120GJ2012PTC083200, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120GJ2012PTC083200 | Current |
| U67120DN2012PTC000391 | Previous |
Contact details
Veracity Financial Services Private Limited's registered office is in Ahmedabad, Gujarat. Its website is veracityfs.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No. 301 Ashirvad Paras Opp Prahladnagar Garden Satellite Ahmeda, Bad, Ahmedabad, Gujarat, India – 380051
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Veracity Financial Services 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 Veracity Financial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Veracity Financial Services Private Limited, buy the company report.
Financials of Veracity Financial Services Private Limited
FY 2024 filings availableVeracity Financial Services Private Limited reported revenue of ₹13.43 Lakh (down 75% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 75% fall in the latest year. EBITDA fell 79% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹6.39 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.22 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 47.6% | ||||
| Net Profit Margin | 31.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Veracity Financial Services Private Limited, buy the company report.
Board of directors of Veracity Financial Services Private Limited
Veracity Financial Services has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanaksinh Agarsinh Gohil Also directs: Sahaj Solar Limited, Sahaj PV Ancillary Private Limited, Veracity Clean Power Private Limited and 1 more | Director | 12 Mar 2014 | 12 Years 7 Months | Current |
| Pramit Bharatkumar Brahmbhatt Also directs: Eviorax Technologies LLP, Sahaj Solar Limited, Sahaj PV Ancillary Private Limited and 5 more | Director | 05 Nov 2014 | 11 Years 11 Months | Current |
Peer comparison
Veracity Financial Services Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RKT Stock Brokers Private Limited | ₹13.44 Lakh (FY 2025) | 21.0% | Jaipur, Rajasthan, India | |||
| Money King Financial Services Private Limited | ₹13.44 Lakh (FY 2025) | -33.0% | Noida, Uttar Pradesh, India | |||
| Veracity Financial Services Private Limitedthis company | ₹13.43 Lakh (FY 2025) | ₹4.22 Lakh | 31.4% | -75.0% | 5 | Ahmedabad, Gujarat, India |
| Equanimous Edge Private Limited | ₹13.36 Lakh (FY 2025) | 308.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Veracity Financial Services Private Limited, buy the company report.
Auditor
Veracity Financial Services Private Limited is audited by ROHAN THAKKAR & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ROHAN THAKKAR & CO | FY 2023 | 135131 |
Shareholding
The shareholding of Veracity Financial Services Private Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Veracity Financial Services Private Limited, buy the company report.
Legal cases
Veracity Financial Services Private Limited has 3 court cases on record: 1 filed by Veracity Financial Services, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR A) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Veracity Financial Services Private 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
Veracity Financial Services Private Limited has 5 MSME Form 1 returns on record between 2017 and 2020, listing 9 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Ishan Netsol Private Limited |
To see the full MSME payment records of Veracity Financial Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Veracity Financial Services Private Limited has a workforce of 5 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Veracity Financial Services has 6 GST registrations: 2 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCV9242K1Z1 | Gujarat | Active | 01 Jul 2017 |
| 24AADCV9242K2Z0 | Gujarat | Active | 16 Apr 2018 |
To see the full GST registrations and return filing status of Veracity Financial Services Private Limited, buy the company report.
Recent activity
Veracity Financial Services Private Limited has 6 board changes on record since 2014: 2 appointments and 4 cessations. The latest: Kanaksinh Agarsinh Gohil ceased to be Whole-Time Director on 29 Sep 2025.
Frequently asked questions
Veracity Financial Services is an active private limited company based in Ahmedabad, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 20 January 2012 (14+ years old) and is registered under CIN U67120GJ2012PTC083200.
Veracity Financial Services has 2 current directors:
- Kanaksinh Agarsinh Gohil - Director
- Pramit Bharatkumar Brahmbhatt - Director
The latest financial statements of Veracity Financial Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Veracity Financial Services is 24AADCV9242K1Z1, registered in Gujarat. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 24AADCV9242K2Z0 (Gujarat).
The CIN (Corporate Identification Number) of Veracity Financial Services is U67120GJ2012PTC083200. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veracity Financial Services has 3 court cases on record: 1 filed by the company and 2 filed against it.
Veracity Financial Services was incorporated on 20 January 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Veracity Financial Services by revenue are RKT Stock Brokers Private Limited, Money King Financial Services Private Limited, Equanimous Edge Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Kanaksinh Agarsinh Gohil ceased to be Whole-Time Director on 29 Sep 2025. Manan Bharatkumar Brahmbhatt ceased to be Director on 04 Jun 2015. Bharat Prathamsinh Brahmbhatt ceased to be Director on 05 Nov 2014. Veracity Financial Services has 6 board changes on record in total.
Veracity Financial Services has 5 MSME Form 1 returns on record between 2017 and 2020, listing 9 overdue payments to 2 micro and small suppliers. The latest return was filed on 16 Jul 2020.
Veracity Financial Services can be reached through the website veracityfs.co.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Veracity Financial Services is at Office No. 301 Ashirvad Paras Opp Prahladnagar Garden Satellite Ahmeda, Bad, Ahmedabad, Gujarat, India – 380051.
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