About Versatile IT Services Private Limited
Data last updated:
Versatile IT Services Private Limited is a private limited company based in Khurda, Odisha, India. It operates in the web design and maintenance services segment of the technology and IT services sector. It was incorporated on 31 December 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72100OR1999PTC006023. Its GSTIN is 21AABCV2531M1ZJ (Odisha).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6.75 Lakh. It is led by directors Shivnath Swayin (Managing Director) and Geetanjali Swayin.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 77 Satya Nagarbhubaneswar, Khurda, Odisha, India – 751007.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.2 Lakh, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹7,691 (net margin 0.3%) and EBITDA of ₹75,020 (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 11% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sikshasandhan. Court records list 1 case involving the company, including 1 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 vits.in.
Company details
Contact details
Versatile IT Services Private Limited's registered office is in Khurda, Odisha. Its website is vits.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address77 Satya Nagarbhubaneswar, Khurda, Odisha, India – 751007
- IndustryInformation Technology, Web Design & Maintenance Services
To see the full contact details of Versatile IT 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
Brands
Versatile IT Services operates one associated brand: Sikshasandhan. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Non-profit organisation providing innovating education for weaker section of society | sikshasandhan.org |
Business activity
The main business activity of Versatile IT Services is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Versatile IT Services Private Limited, buy the company report.
Financials of Versatile IT Services Private Limited
FY 2025 filings availableVersatile IT Services Private Limited reported revenue of ₹24.2 Lakh (down 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 45% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹75,020 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7,691 | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Versatile IT Services Private Limited, buy the company report.
Board of directors of Versatile IT Services Private Limited
Versatile IT Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Geetanjali Swayin | Director | 25 Mar 2012 | 14 Years 7 Months | Current |
| Shivnath Swayin | Managing Director | 31 Dec 1999 | 26 Years 10 Months | Current |
Auditor
Versatile IT Services Private Limited is audited by DASH AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DASH AND ASSOCIATES | FY 2023 | 317012E |
Shareholding
The shareholding of Versatile IT 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 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Versatile IT Services Private Limited, buy the company report.
Legal cases
Versatile IT Services Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed against the company by Red Tech Solutions India Pvt.Ltd. and 1 other | Disposed |
To see the full case history of Versatile IT 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
No delayed payments to MSME suppliers are on our record for Versatile IT Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Versatile IT Services Private Limited has a workforce of 4 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Versatile IT Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCV2531M1ZJ | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Versatile IT Services Private Limited, buy the company report.
Recent activity
Versatile IT Services Private Limited has 4 board changes on record since 1999: 3 appointments and 1 cessation. The latest: Bijay Bhusan Rath ceased to be Director on 16 Apr 2015.
Frequently asked questions
Versatile IT Services is an active private limited company based in Khurda, Odisha, India. The company works in web design and maintenance services, within the information technology industry. It was incorporated on 31 December 1999 (27+ years old) and is registered under CIN U72100OR1999PTC006023.
Versatile IT Services has 2 current directors:
- Shivnath Swayin - Managing Director
- Geetanjali Swayin - Director
The latest financial statements of Versatile IT Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Versatile IT Services is 21AABCV2531M1ZJ, registered in Odisha.
The CIN (Corporate Identification Number) of Versatile IT Services is U72100OR1999PTC006023. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Versatile IT Services has 1 court case on record: 1 filed against it.
Versatile IT Services was incorporated on 31 December 1999, making it 27+ years old. It is registered with the Registrar of Companies, Cuttack.
Bijay Bhusan Rath ceased to be Director on 16 Apr 2015. Geetanjali Swayin was appointed as Director on 25 Mar 2012. Bijay Bhusan Rath was appointed as Director on 31 Dec 1999. Versatile IT Services has 4 board changes on record in total.
Versatile IT Services can be reached through the website vits.in. Its registered office is in Khurda, Odisha, India.
The registered office of Versatile IT Services is at 77 Satya Nagarbhubaneswar, Khurda, Odisha, India – 751007.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
