Startup India Government of India
Veso Frates Private Limited - business services in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.51 Cr
▲ 24% YoY
Net profit · FY 2025
₹3.1 Lakh
Net margin 1.2%
EBITDA · FY 2025
₹9.87 Lakh
EBITDA margin 3.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.5 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Veso Frates Private Limited
Data last updated:
Veso Frates Private Limited is a private limited company based in Indore, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the diversified business activities segment of the business services sector. It was incorporated on 15 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U74999MP2019PTC047515. Its GSTIN is 23AAGCV7596R1Z9 (Madhya Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.5 Lakh. It is led by directors Kunal Joshi and Anil Kumar Rai.
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 602 Silver Arc Plaza 20/1 New Palasia Janzirwala Square, Indore, Madhya Pradesh, India – 452008.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.51 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹3.1 Lakh (net margin 1.2%) and EBITDA of ₹9.87 Lakh (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years and 44% over five years.
Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vesofrates.com.
Company details
CIN U74999MP2019PTC047515
Registration Number 047515
Incorporation Date 15 January 2019
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Kunal Joshi Director Anil Kumar Rai Director Recognitions & Rankings of Veso Frates
Contact details
Veso Frates Private Limited's registered office is in Indore, Madhya Pradesh. Its website is vesofrates.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address602 Silver Arc Plaza 20/1 New Palasia Janzirwala Square, Indore, Madhya Pradesh, India – 452008
- IndustryBusiness Services, Miscellaneous Business Activities, Other Services
To see the full contact details of Veso Frates Private Limited, buy the company report.
Comprehensive company report
Veso Frates 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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Business activity
The main business activity of Veso Frates is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Veso Frates Private Limited, buy the company report.
Financials of Veso Frates Private Limited
FY 2025 filings availableVeso Frates Private Limited reported revenue of ₹2.51 Cr (up 24% YoY) for FY 2025.
Revenue · FY 2025
₹2.51 Cr ▲ 24%
Net profit · FY 2025
₹3.1 Lakh margin 1.2%
EBITDA · FY 2025
₹9.87 Lakh margin 3.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 71%
5 years · compounded
▲ 44%
EBITDA CAGR growth
1 year
▲ 66%
3 years · compounded
▲ 122%
5 years · compounded
▲ 140%
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 24% growth in the latest year. EBITDA rose 66% 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 | ₹9.87 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.1 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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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 | 3.9% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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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 Veso Frates Private Limited, buy the company report.
Board of directors of Veso Frates Private Limited
Veso Frates has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunal Joshi | Director | 15 Jan 2019 | 7 Years 9 Months | Current |
| Anil Kumar Rai Also directs: Nimbus Shipping Services Private Limited | Director | 15 Jan 2019 | 7 Years 9 Months | Current |
Peer comparison
Veso Frates Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| R.R.W.Freight Forwarders Private Limited | ₹2.54 Cr (FY 2025) | -14.0% | Chennai, Tamil Nadu, India | |||
| World Wide Carriers Private Limited | ₹2.53 Cr (FY 2024) | 5.0% | Kharar, Punjab, India | |||
| Vachandeep Shipping India Private Limited | ₹2.53 Cr (FY 2024) | 545.0% | Gandhidham, Gujarat, India | |||
| Malara Shipping Private Limited | ₹2.52 Cr (FY 2024) | 25.0% | Gandhidham, Gujarat, India | |||
| Marlin Logistics Private Limited | ₹2.52 Cr (FY 2025) | 36.0% | New Delhi, Delhi, India | |||
| Veso Frates Private Limitedthis company | ₹2.51 Cr (FY 2025) | ₹3.1 Lakh | 1.2% | 24.0% | Indore, Madhya Pradesh, India | |
| Fast Express Cargo & Warehousing Services Private Limited | ₹2.51 Cr (FY 2025) | 27.0% | Ludhiana, Punjab, India | |||
| Exel Ent and Management Services Private Limited | ₹2.5 Cr (FY 2020) | New Delhi, Delhi, India | ||||
| NJC Infra Corporation Private Limited | ₹2.5 Cr (FY 2024) | -2.0% | Rampur, Uttar Pradesh, India | |||
| Hinglaj Transport Solution Private Limited | ₹2.5 Cr (FY 2025) | 5.0% | Dhorimana, Rajasthan, India | |||
| Oceanblue Logitech Private Limited | ₹2.5 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India |
To see the full peer comparison of Veso Frates Private Limited, buy the company report.
Legal cases
Veso Frates Private Limited has 2 court cases on record: 2 filed by Veso Frates. All cases are pending.
Total cases
2
Filed by the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (SC NIA) | Filed by the company against Zillion Alcohol and Beers Pvt Ltd and 1 other | Pending |
To see the full case history of Veso Frates 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 Veso Frates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Veso Frates has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAGCV7596R1Z9 | Madhya Pradesh | Active | 14 Mar 2019 |
To see the full GST registrations and return filing status of Veso Frates Private Limited, buy the company report.
Recent activity
Veso Frates Private Limited has 6 board changes on record since 2019: 2 appointments and 4 cessations. The latest: Kuldeep Jha ceased to be Director on 10 Dec 2021.
AGM
Veso Frates Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Veso Frates Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Ceased
Kuldeep Jha ceased to be Director.
Ceased
Maneesh Shrivastava ceased to be Director.
Ceased
Vishwapal Shukla ceased to be Director.
Ceased
Manish Jaiswal ceased to be Director.
Appointed
Anil Kumar Rai was appointed as Director.
Appointed
Kunal Joshi was appointed as Director.
Incorporation
15 Jan 2019
Veso Frates Private Limited was registered on 15 Jan 2019 with Roc Gwalior & aged 7 years 9 months as per MCA records.
Frequently asked questions
Veso Frates is an active private limited company based in Indore, Madhya Pradesh, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 15 January 2019 (7+ years old) and is registered under CIN U74999MP2019PTC047515.
Veso Frates has 2 current directors:
- Kunal Joshi - Director
- Anil Kumar Rai - Director
The latest financial statements of Veso Frates 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 FY 2019 are in the company report.
The GSTIN of Veso Frates is 23AAGCV7596R1Z9, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Veso Frates is U74999MP2019PTC047515. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veso Frates has 2 court cases on record: 2 filed by the company. 2 are pending.
Veso Frates was incorporated on 15 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Veso Frates by revenue are R.R.W.Freight Forwarders Private Limited, World Wide Carriers Private Limited, Vachandeep Shipping India Private Limited, Malara Shipping Private Limited, Marlin Logistics Private Limited and 5 more, all in the same principal business activity (services incidental to land, water & air transportation).
Kuldeep Jha ceased to be Director on 10 Dec 2021. Maneesh Shrivastava ceased to be Director on 10 Dec 2021. Vishwapal Shukla ceased to be Director on 10 Dec 2021. Veso Frates has 6 board changes on record in total.
Yes, Veso Frates is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Veso Frates can be reached through the website vesofrates.com. Its registered office is in Indore, Madhya Pradesh, India.
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