Startup India Government of India
Verificient Solutions Private Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹16.99 Cr
▼ 17% YoY
Net profit · FY 2024
₹7.6 Lakh
Net margin 0.4%
EBITDA · FY 2024
₹34.2 Lakh
EBITDA margin 2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Employees · EPFO
318
Provident fund records
Directors on board
3
As per MCA filings
About Verificient Solutions Private Limited
Data last updated:
Verificient Solutions Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Verificient Technologies Inc and recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 20 December 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2018FTC180905. Its GSTIN is 27AAGCV7279R1Z5 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Hemanta Kumar and Vikash Sharma.
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 Pride Valencia Flat No. A 802 Sr. No 292/ 6 /12357 Dhankude Wasti, Pune, Maharashtra, India – 411045.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.99 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹7.6 Lakh (net margin 0.4%) and EBITDA of ₹34.2 Lakh (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years.
The company has about 318 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Verificient Technologies.
Verificient Solutions Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-26-0088233). For more details, the company can be reached via its website verificient.com.
Company details
CIN U72200PN2018FTC180905
Registration Number 180905
Incorporation Date 20 December 2018
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Verificient Technologies Inc
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-MH-26-0088233
Recognitions & Rankings of Verificient Solutions
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-26-0088233
Contact details
Verificient Solutions Private Limited's registered office is in Pune, Maharashtra. Its website is verificient.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPride Valencia Flat No. A 802 Sr. No 292/ 6 /12357 Dhankude Wasti, Pune, Maharashtra, India – 411045
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Verificient Solutions Private Limited, buy the company report.
Comprehensive company report
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- 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
Verificient Solutions operates one associated brand: Verificient Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online proctoring solutions are provided for identity verification in assessments. | verificient.com |
Business activity
The main business activity of Verificient Solutions 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 Verificient Solutions Private Limited, buy the company report.
Financials of Verificient Solutions Private Limited
FY 2024 filings availableVerificient Solutions Private Limited reported revenue of ₹16.99 Cr (down 17% YoY) for FY 2024.
Revenue · FY 2024
₹16.99 Cr ▼ 17%
Net profit · FY 2024
₹7.6 Lakh margin 0.4%
EBITDA · FY 2024
₹34.2 Lakh margin 2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 17%
3 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 89%
3 years · compounded
▼ 50%
5 years · compounded
▲ 118%
Revenue fell 17% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 89% 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 | |||||
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| Total Expenses | |||||
| EBITDA | ₹34.2 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.6 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2% | ||||
| Net Profit Margin | 0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Verificient Solutions Private Limited, buy the company report.
Board of directors of Verificient Solutions Private Limited
Verificient Solutions has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemanta Kumar Also directs: Remotedesk Private Limited | Director | 20 Dec 2018 | 7 Years 10 Months | Current |
| Vikash Sharma Also directs: Remotedesk Private Limited | Director | 20 Dec 2018 | 7 Years 10 Months | Current |
| Rishabh Ashwin Lalwani | Director | 20 Dec 2018 | 7 Years 10 Months | Current |
Peer comparison
Verificient Solutions Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bhowmik Dyeing and Bleaching Private Limited | ₹17.04 Cr (FY 2025) | 11.0% | Kolkata, West Bengal, India | |||
| Dimaag-Ai India Private Limited | ₹17.03 Cr (FY 2025) | -6.0% | Rvce Post, Karnataka, India | |||
| Infidigit Consultants Private Limited | ₹17.02 Cr (FY 2024) | -2.0% | Mumbai, Maharashtra, India | |||
| Hike Education Private Limited | ₹17 Cr (FY 2024) | -26.0% | Haryana, India | |||
| Astroved . Com Private Limited | ₹16.99 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| Verificient Solutions Private Limitedthis company | ₹16.99 Cr (FY 2024) | ₹7.6 Lakh | 0.4% | -17.0% | 318 | Pune, Maharashtra, India |
| Figuring Out Media Private Limited | ₹16.99 Cr (FY 2025) | 227.0% | Mumbai, Maharashtra, India | |||
| Integrhythm (India) Private Limited | ₹16.99 Cr (FY 2024) | 28.0% | Hyderabad, Telangana, India | |||
| Xysec Labs Private Limited | ₹16.98 Cr (FY 2025) | 28.0% | Bangalore, Karnataka, India | |||
| Ivalue Advisors Private Limited | ₹16.98 Cr (FY 2024) | -8.0% | New Delhi, Delhi, India |
To see the full peer comparison of Verificient Solutions Private Limited, buy the company report.
Auditor
Verificient Solutions Private Limited is audited by SUBODH V SHAH AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUBODH V SHAH AND COMPANY | FY 2023 | 46423 |
Shareholding
The shareholding of Verificient Solutions 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 Verificient Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Verificient Solutions 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 Verificient Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Verificient Solutions Private Limited has a workforce of 318 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
Employee count
318
Active EPFO establishments
1
Employee growth
-20.7%
GST
Verificient Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCV7279R1Z5 | Maharashtra | Active | 08 Jan 2019 |
To see the full GST registrations and return filing status of Verificient Solutions Private Limited, buy the company report.
Recent activity
Verificient Solutions Private Limited has 3 board changes on record since 2018: 3 appointments. The latest: Hemanta Kumar was appointed as Director on 20 Dec 2018.
AGM
Verificient Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Verificient Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Appointed
Hemanta Kumar was appointed as Director.
Appointed
Rishabh Ashwin Lalwani was appointed as Director.
Appointed
Vikash Sharma was appointed as Director.
Incorporation
20 Dec 2018
Verificient Solutions Private Limited was registered on 20 Dec 2018 with Roc Pune & aged 7 years 10 months as per MCA records.
Frequently asked questions
Verificient Solutions is an active foreign private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 20 December 2018 (8+ years old) and is registered under CIN U72200PN2018FTC180905.
Verificient Solutions has 3 current directors:
- Hemanta Kumar - Director
- Vikash Sharma - Director
- Rishabh Ashwin Lalwani - Director
The latest financial statements of Verificient Solutions 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 2019 are in the company report.
The GSTIN of Verificient Solutions is 27AAGCV7279R1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Verificient Solutions is U72200PN2018FTC180905. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verificient Solutions was incorporated on 20 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Verificient Solutions by revenue are Bhowmik Dyeing and Bleaching Private Limited, Dimaag-Ai India Private Limited, Infidigit Consultants Private Limited, Hike Education Private Limited, Astroved . Com Private Limited and 4 more, all in the same principal business activity (other professional, scientific and technical activities).
Hemanta Kumar was appointed as Director on 20 Dec 2018. Rishabh Ashwin Lalwani was appointed as Director on 20 Dec 2018. Vikash Sharma was appointed as Director on 20 Dec 2018.
Yes, Verificient Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Verificient Solutions is registered as an MSME under Udyam registration (number: UDYAM-MH-26-0088233).
Verificient Solutions can be reached through the website verificient.com. Its registered office is in Pune, Maharashtra, India.
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