About Vete Associates MFD Private Limited
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Vete Associates MFD Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the financial product distributors segment of the financial services sector. It was incorporated on 11 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74100MH2003PTC143507. Its GSTIN is 27AABCV8879L1ZE (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Vete Associates Tax and Investments Consultants Private Limited. It is led by directors including Nitin Ramakant Vete and Neela Ramakant Vete.
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 B – 100 Rutu Business Park Majiwada, Thane, Maharashtra, India – 400601.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.77 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹2.06 Cr (net margin 23.5%) and EBITDA of ₹3.18 Cr (EBITDA margin 36.3%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 13% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vete Associates.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veteassociates.com.
Company details
Contact details
Vete Associates MFD Private Limited's registered office is in Thane, Maharashtra. Its website is veteassociates.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 100 Rutu Business Park Majiwada, Thane, Maharashtra, India – 400601
- IndustryFinancial Services, Financial Product Distributors
To see the full contact details of Vete Associates MFD 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
Vete Associates MFD operates one associated brand: Vete Associates. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mutual fund distribution and financial services are managed in India. | veteassociates.com |
Business activity
The main business activity of Vete Associates MFD is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of Vete Associates MFD Private Limited, buy the company report.
Financials of Vete Associates MFD Private Limited
FY 2025 filings availableVete Associates MFD Private Limited reported revenue of ₹8.77 Cr (up 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 13% growth in the latest year. EBITDA rose 39% 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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| EBITDA | ₹3.18 Cr | ||||
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| Net Profit (PAT) | ₹2.06 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 36.3% | ||||
| Net Profit Margin | 23.5% | ||||
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To see the full financial statements and ratios of Vete Associates MFD Private Limited, buy the company report.
Board of directors of Vete Associates MFD Private Limited
Vete Associates MFD has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Ramakant Vete | Director | 11 Dec 2003 | 22 Years 10 Months | Current |
| Neela Ramakant Vete | Director | 11 Dec 2003 | 22 Years 10 Months | Current |
| Sangeeta Nitin Vete | Director | 11 Dec 2003 | 22 Years 10 Months | Current |
Auditor
Vete Associates MFD Private Limited is audited by D Thakkar & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D Thakkar & Co | FY 2023 | 174458 |
Shareholding
The shareholding of Vete Associates MFD 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 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Vete Associates MFD Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Vete Associates MFD 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 Vete Associates MFD Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vete Associates MFD Private Limited has a workforce of 22 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Vete Associates MFD has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV8879L1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vete Associates MFD Private Limited, buy the company report.
Recent activity
Vete Associates MFD Private Limited has 3 board changes on record since 2003: 3 appointments. The latest: Neela Ramakant Vete was appointed as Director on 11 Dec 2003.
Frequently asked questions
Vete Associates MFD is an active private limited company based in Thane, Maharashtra, India. The company works in financial product distributors, within the financial services industry. It was incorporated on 11 December 2003 (23+ years old) and is registered under CIN U74100MH2003PTC143507.
Vete Associates MFD has 3 current directors:
- Nitin Ramakant Vete - Director
- Neela Ramakant Vete - Director
- Sangeeta Nitin Vete - Director
The latest financial statements of Vete Associates MFD 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 Vete Associates MFD is 27AABCV8879L1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vete Associates MFD is U74100MH2003PTC143507. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vete Associates MFD was incorporated on 11 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Neela Ramakant Vete was appointed as Director on 11 Dec 2003. Nitin Ramakant Vete was appointed as Director on 11 Dec 2003. Sangeeta Nitin Vete was appointed as Director on 11 Dec 2003.
Vete Associates MFD can be reached through the website veteassociates.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Vete Associates MFD is at B – 100 Rutu Business Park Majiwada, Thane, Maharashtra, India – 400601.
Vete Associates MFD operates in the financial services industry, in the financial product distributors segment.