About Virtue Certification Systems Private Limited
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Virtue Certification Systems Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the consultancy services segment of the technology and IT services sector. It was incorporated on 08 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2009PTC058283. Its GSTIN is 24AADCV1251A1Z1 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shankar Satyendranath Ghosh and Bina Shankar Ghosh.
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 28 Defence Coop. Society Sama Road, Vadodara, Gujarat, India – 390008.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.71 Lakh, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹34,770 (net margin 2.7%) and EBITDA of ₹2 Lakh (EBITDA margin 15.7%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website virtuecertification.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address28 Defence Coop. Society Sama Road, Vadodara, Gujarat, India – 390008
- IndustryInformation Technology, Consultancy, Computer Programming
- 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
- One PDF report, delivered after checkout
Business Activity of Virtue Certification Systems Private Limited
The main business activity of Virtue Certification Systems is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Virtue Certification Systems Private Limited FY 2025 filings available
Virtue Certification Systems Private Limited reported revenue of ₹12.71 Lakh (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Virtue Certification Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 5% fall in the latest year. EBITDA rose 223% 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 of Virtue Certification Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹2 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹34,770 | •••• | •••• | •••• | •••• |
| 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 of Virtue Certification Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Virtue Certification Systems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Virtue Certification Systems Private Limited
Virtue Certification Systems Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 9Yards Software Technologies Private Limited | ₹12.74 Lakh (FY 2018) | •••• | •••• | -27.0% | •••• | Hyderabad, Telangana, India |
| Descom Fintech Solutions Private Limited | ₹12.72 Lakh (FY 2024) | •••• | •••• | -36.0% | •••• | Lucknow, Uttar Pradesh, India |
| Gurway Software Solutions Private Limited | ₹12.72 Lakh (FY 2025) | •••• | •••• | 76.0% | •••• | Sagar, Karnataka, India |
| Netcartz Online Services Private Limited | ₹12.72 Lakh (FY 2020) | •••• | •••• | •••• | Nashik, Maharashtra, India | |
| Oshmini Technology Solutions Private Limited | ₹12.71 Lakh (FY 2018) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Virtue Certification Systems Private Limited this company | ₹12.71 Lakh (FY 2025) | •••• | •••• | -5.0% | •••• | Vadodara, Gujarat, India |
| Cda Systems (India) Private Limited | ₹12.69 Lakh (FY 2025) | •••• | •••• | -91.0% | •••• | Bangalore, Karnataka, India |
| Quite Binary Consultancy Private Limited | ₹12.69 Lakh (FY 2024) | •••• | •••• | •••• | Ujjain, Madhya Pradesh, India | |
| Chakshu.Ai Private Limited | ₹12.69 Lakh (FY 2024) | •••• | •••• | 21699.0% | •••• | Jaipur, Rajasthan, India |
| Dow Technologies and Systems Private Limited | ₹12.68 Lakh (FY 2024) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Mechencode Technical Services Private Limited | ₹12.68 Lakh (FY 2025) | •••• | •••• | 231.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Virtue Certification Systems by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Virtue Certification Systems Private Limited
Virtue Certification Systems Private Limited is audited by N. P. Shah & Co. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N. P. Shah & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Virtue Certification Systems Private Limited
Virtue Certification Systems has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shankar Satyendranath Ghosh | Director | 08 Oct 2009 | 17 Years 0 Months | Current |
| Bina Shankar Ghosh | Director | 08 Oct 2009 | 17 Years 0 Months | Current |
Ownership and Shareholding of Virtue Certification Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Virtue Certification Systems Private Limited
Virtue Certification Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Virtue Certification Systems Private Limited
Employment history and EPFO contributions of people linked to Virtue Certification Systems.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Virtue Certification Systems Private Limited
Virtue Certification Systems Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Bina Shankar Ghosh was appointed as Director on 08 Oct 2009.
Credit Ratings, Litigation & Regulatory Alerts for Virtue Certification Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Virtue Certification Systems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Virtue Certification Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Virtue Certification Systems Private Limited
Virtue Certification Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCV1251A1Z1 | Gujarat | Active | 13 Sep 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Virtue Certification Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Virtue Certification Systems Private Limited
Virtue Certification Systems is an active private limited company based in Vadodara, Gujarat, India. The company works in consultancy, within the information technology industry. It was incorporated on 08 October 2009 (17+ years old) and is registered under CIN U74140GJ2009PTC058283.
Virtue Certification Systems reported revenue of ₹12.71 Lakh for FY 2025 (down 5% YoY).
Virtue Certification Systems has 2 current directors:
- Shankar Satyendranath Ghosh - Director
- Bina Shankar Ghosh - Director
Virtue Certification Systems reported a net profit of ₹34,770 (net margin 2.7%) and EBITDA of ₹2 Lakh (EBITDA margin 15.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Virtue Certification Systems is -4% over three years and -3% over five years. In the latest year (FY 2025) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Virtue Certification Systems is 24AADCV1251A1Z1, registered in Gujarat.
The CIN (Corporate Identification Number) of Virtue Certification Systems is U74140GJ2009PTC058283. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virtue Certification Systems was incorporated on 08 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Virtue Certification Systems by revenue are 9Yards Software Technologies Private Limited, Descom Fintech Solutions Private Limited, Gurway Software Solutions Private Limited, Netcartz Online Services Private Limited, Oshmini Technology Solutions Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Bina Shankar Ghosh was appointed as Director on 08 Oct 2009. Shankar Satyendranath Ghosh was appointed as Director on 08 Oct 2009.
Virtue Certification Systems can be reached through the website virtuecertification.com. Its registered office is in Vadodara, Gujarat, India.