About VL E-Governance & IT Solutions Limited
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VL E-Governance & IT Solutions Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Vakrangee Limited. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 18 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74110MH2016PLC274618. Its GSTIN is 27AAFCV4132N1Z0 (Maharashtra). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543958 and NSE: VLEGOV.
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹108.45 Cr. It was formerly known as Vl E-Governance & It Solutions Private Limited and Vakrangee Logistics Private Limited. It is led by directors including Sanjay Nandwana (Managing Director) and Tanu Surendra Shukla.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Vakrangee Corporate House Plot No.93 Road No.16 M.I.D.C. Marol Andheri East, Mumbai, Maharashtra, India – 400093.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹17.15 Cr, a decline of 44.1% compared to the previous year. For the same year it recorded a net loss of ₹1.14 Cr (net margin -6.6%) and EBITDA of -₹1.48 Cr (EBITDA margin -8.6%). The net worth stands at ₹44.56 Cr (down 2.5% YoY). Total assets are valued at ₹44.57 Cr (down 2.5% YoY).
The company is associated with 2 brands: VL E-Governance and Vakrangee. Court records list 10 cases involving the company, including 10 filed by the company; 7 cases are pending. The company has 55 deals on record (55 market trades); the latest was in March 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vakrangee.in.
Company details
Name history
VL E-Governance & IT Solutions has undergone 2 name changes throughout its history. The company was previously known as Vl E-Governance & It Solutions Private Limited, and Vakrangee Logistics Private Limited. The current legal name is Vl E-Governance & It Solutions Limited.
| Company Name | Status |
|---|---|
| VL E-Governance & IT Solutions Limited | Current |
| Vl E-Governance & It Solutions Private Limited | Previous |
| Vakrangee Logistics Private Limited | Previous |
CIN history
VL E-Governance & IT Solutions has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74110MH2016PLC274618, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74110MH2016PLC274618 | Current |
| U60231MH2016PTC274618 | Previous |
| U74110MH2016PLC274618 | Previous |
| U74110MH2016PTC274618 | Previous |
Contact details
VL E-Governance & IT Solutions Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressVakrangee Corporate House Plot No.93 Road No.16 M.I.D.C. Marol Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryTrading, Wholesale, Other Wholesale
- 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
VL E-Governance & IT Solutions operates two associated brands: VL E-Governance and Vakrangee. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| E-governance and IT solutions are provided, including learning systems. | vlegovernance.in | |
| Correspondent banking solutions are provided via an agent-based platform. | vakrangee.in |
Business activity
The main business activity of VL E-Governance & IT Solutions is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of VL E-Governance & IT Solutions Limited, buy the company report.
Financials of VL E-Governance & IT Solutions Limited
FY 2025-26 filings availableVL E-Governance & IT Solutions Limited reported revenue of ₹17.15 Cr (down 44.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 17.15 | 30.69 | 22.01 | 730 | 585 | 0.00 | 0.02 |
| Revenue growth | -44.1% | +39.4% | -97.0% | +24.7% | - | -100.0% | - |
| EBITDA | (1.48) | (2,519) | (170) | 5.35 | 136 | (0.01) | 0.02 |
| EBITDA margin | -8.6% | -8206.8% | -774.1% | +0.7% | +23.3% | - | +100.0% |
| Profit before tax | (1.11) | (2,517) | (170) | 8.14 | 137 | 0.00 | 0.03 |
| Net profit | (1.14) | 1.40 | (7.63) | 5.90 | 103 | 0.00 | 0.03 |
| Net profit margin | -6.7% | +4.6% | -34.7% | +0.8% | +17.5% | - | +150.0% |
| EPS (₹) | (0.10) | (232.09) | (16.04) | 0.56 | 9.68 | 0.00 | 0.04 |
| Balance sheet | |||||||
| Total assets | 44.57 | 45.70 | 2,500 | 2,672 | 2,612 | 9.05 | 9.06 |
| Net worth | 44.56 | 45.70 | 2,448 | 2,618 | 2,612 | 9.05 | 9.06 |
| Total debt | 0.00 | 0.00 | 51.09 | 53.67 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 3.02 | 45.48 | 0.07 | 0.02 | 0.05 | 1.00 | 0.98 |
| Net working capital | 2.10 | 43.33 | 2,469 | 2,642 | 2,586 | 9.05 | 9.02 |
| Cash flow | |||||||
| Cash from operations | 0.32 | (61.10) | 2.20 | (56.48) | (0.47) | (0.02) | 0.02 |
| Cash from investing | 0.22 | (0.68) | 0.43 | 2.77 | 0.02 | 0.03 | 0.03 |
| Cash from financing | 0.00 | 63.22 | (2.59) | 53.67 | 0.00 | 0.00 | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.65 | 1.19 | 4.48 | 3.25 | 8.24 | 4.97 | 15.21 | 7.99 |
| Revenue growth (YoY) | -92.1% | -76.1% | -70.6% | -59.3% | +228.3% | - | - | - |
| Other income | 0.03 | 0.05 | 0.03 | 0.05 | 0.38 | 0.69 | 0.86 | 0.12 |
| Total expenses | 1.22 | 1.78 | 5.18 | 3.79 | 7.88 | 2,525 | 15.11 | 7.30 |
| EBITDA | (0.57) | (0.59) | (0.70) | (0.54) | 0.36 | (2,520) | 0.10 | 0.69 |
| EBITDA margin | -87.7% | -49.6% | -15.6% | -16.6% | +4.4% | - | +0.7% | +8.6% |
| Depreciation | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.01 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.57) | (0.57) | (0.70) | (0.52) | 0.71 | (2,519) | 0.95 | 0.81 |
| Tax | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.65 | 1.19 | 4.48 | 3.25 | 8.24 | 4.97 | 15.21 | 7.99 |
| Revenue growth (YoY) | -92.1% | -76.1% | -70.6% | -59.3% | +228.3% | - | - | - |
| Other income | 0.03 | 0.05 | 0.03 | 0.05 | 0.38 | 0.69 | 0.86 | 0.12 |
| Total expenses | 1.22 | 1.78 | 5.18 | 3.79 | 7.88 | 2,525 | 15.11 | 7.30 |
| EBITDA | (0.57) | (0.59) | (0.70) | (0.54) | 0.36 | (2,520) | 0.10 | 0.69 |
| EBITDA margin | -87.7% | -49.6% | -15.6% | -16.6% | +4.4% | - | +0.7% | +8.6% |
| Depreciation | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.01 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.57) | (0.57) | (0.70) | (0.52) | 0.71 | (2,519) | 0.95 | 0.81 |
| Tax | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 17.15 | 30.69 | 22.01 | 730 | 585 | 0.00 | 0.02 |
| Revenue growth | -44.1% | +39.4% | -97.0% | +24.7% | - | -100.0% | - |
| Other income | 0.51 | 1.70 | 0.44 | 2.79 | 0.56 | 0.03 | 0.04 |
| Total expenses | 18.63 | 2,549 | 192 | 724 | 448 | 0.01 | 0.00 |
| Employee cost | 0.00 | 1.64 | 2.46 | 9.53 | 5.70 | 0.00 | 0.00 |
| EBITDA | (1.48) | (2,519) | (170) | 5.35 | 136 | (0.01) | 0.02 |
| EBITDA margin | -8.6% | -8206.8% | -774.1% | +0.7% | +23.3% | - | +100.0% |
| Depreciation | 0.14 | 0.04 | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (1.11) | (2,517) | (170) | 8.14 | 137 | 0.00 | 0.03 |
| Tax | 0.03 | 0.02 | 0.00 | 2.24 | 34.42 | 0.00 | 0.00 |
| Net profit | (1.14) | 1.40 | (7.63) | 5.90 | 103 | 0.00 | 0.03 |
| Net profit margin | -6.7% | +4.6% | -34.7% | +0.8% | +17.5% | - | +150.0% |
| EPS (₹) | (0.10) | (232.09) | (16.04) | 0.56 | 9.68 | 0.00 | 0.04 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 108 | 108 | 106 | 106 | 106 | 12.00 | 12.00 |
| Reserves & surplus | (63.89) | (62.75) | 2,342 | 2,512 | 2,507 | (2.95) | (2.94) |
| Shareholders' funds (net worth) | 44.56 | 45.70 | 2,448 | 2,618 | 2,612 | 9.05 | 9.06 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 51.09 | 53.67 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 51.09 | 53.67 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 44.57 | 45.70 | 2,500 | 2,672 | 2,612 | 9.05 | 9.06 |
| Assets | |||||||
| Gross block | 2.52 | 2.39 | 0.00 | 0.00 | 0.03 | 0.08 | 0.08 |
| Net block | 2.35 | 2.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 1.16 | 0.00 | 1,159 | 1,156 | 913 | 0.00 | 0.00 |
| Cash & bank balances | 3.02 | 45.48 | 0.07 | 0.02 | 0.05 | 1.00 | 0.98 |
| Loans & advances | 0.50 | 0.62 | 1,328 | 1,513 | 1,712 | 8.07 | 8.06 |
| Total current assets | 4.68 | 46.10 | 2,487 | 2,669 | 2,625 | 9.07 | 9.04 |
| Total current liabilities | 2.58 | 2.77 | 17.63 | 26.89 | 39.29 | 0.02 | 0.02 |
| Net working capital | 2.10 | 43.33 | 2,469 | 2,642 | 2,586 | 9.05 | 9.02 |
| Total assets | 44.57 | 45.70 | 2,500 | 2,672 | 2,612 | 9.05 | 9.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.50 | 0.05 | 0.01 | 0.05 | 0.48 | 0.47 | 0.42 |
| Net cash from operating activities | 0.32 | (61.10) | 2.20 | (56.48) | (0.47) | (0.02) | 0.02 |
| Net cash from investing activities | 0.22 | (0.68) | 0.43 | 2.77 | 0.02 | 0.03 | 0.03 |
| Net cash from financing activities | 0.00 | 63.22 | (2.59) | 53.67 | 0.00 | 0.00 | 0.00 |
| Net change in cash | 0.54 | 1.44 | 0.05 | (0.04) | (0.45) | 0.01 | 0.05 |
| Closing cash | 3.02 | 45.48 | 0.07 | 0.02 | 0.05 | 1.00 | 0.98 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -44.1% | +39.4% | -97.0% | +24.7% | - | -100.0% | - |
| EBITDA growth | +99.9% | -1378.4% | -3284.5% | -96.1% | - | -150.0% | - |
| PBT growth | +100.0% | -1381.2% | - | -94.1% | +9997.0% | +9997.0% | +9998.0% |
| Net income growth | -181.4% | +118.4% | -229.3% | -94.3% | - | -100.0% | - |
| Revenue CAGR (3Y) | -71.4% | -62.6% | - | +3216.4% | +1285.3% | -100.0% | - |
| EBITDA CAGR (3Y) | - | - | +2473.2% | +544.3% | - | -82.5% | - |
| Profitability & leverage | |||||||
| Net income margin | -6.7% | -8201.5% | -772.1% | +0.8% | +17.5% | - | +150.0% |
| Return on capital employed | - | 0.0% | 0.0% | +0.3% | +10.5% | 0.0% | +0.4% |
| Return on net worth | - | 0.0% | 0.0% | +0.2% | +7.8% | 0.0% | +0.4% |
| Debt / equity | - | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 25.68 | 0.00 | 48,635.33 | 10,634.36 | 0.00 | 0.25 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 0.05 | 0.02 | 0.71 | 1.28 | 0.00 | 2.00 |
| EPS (₹) | (0.10) | (232.09) | (16.04) | 0.56 | 9.68 | 0.00 | 0.04 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (4.60) | 231.09 | 247.13 | 246.58 | 7.55 | 7.55 |
To see the full year-wise statements and ratios of VL E-Governance & IT Solutions Limited, buy the company report.
Board of directors of VL E-Governance & IT Solutions Limited
VL E-Governance & IT Solutions has 6 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tanu Surendra Shukla Also directs: Shinevogue Multiventure Private Limited | Director | 08 Jun 2023 | 3 Years 4 Months | Current |
| Sanjay Nandwana Also directs: Evlovance Technology Private Limited | Managing Director | 27 Mar 2025 | 1 Years 7 Months | Current |
| Anoop Kumar Agrawal | Director | 10 Dec 2024 | 1 Years 10 Months | Current |
| Nishikant Kishanrao Hayatnagarkar Also directs: Vortex Engineering Private Limited, Vakrangee Finserve Limited | Director | 04 Dec 2024 | 1 Years 10 Months | Current |
| Chandra Kailash Vishwakarma | Director | 10 Dec 2024 | 1 Years 10 Months | Current |
| Hari Mohan | Director | 04 Dec 2024 | 1 Years 10 Months | Current |
Deals & funding
VL E-Governance & IT Solutions Limited has 55 deals on record (55 market trades); the latest was in March 2026.
Deals on record (5 of 55)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Market trade | ₹78.8 Lakh | Buyer: Moneyleader Finance India Private Limited Seller: Moneyleader Finance India Private Limited |
| Feb 2026 | Market trade | ₹93.8 Lakh | Buyer: an individual Seller: Setu Securities Private Limited , an individual |
| Feb 2026 | Market trade | ₹93.9 Lakh | Buyer: Setu Securities Private Limited , Db International Stock Brokers Limited Seller: Db International Stock Brokers Limited |
| Jan 2026 | Market trade | ₹2.4 Cr | Buyer: Moneyleader Finance India Private Limited Seller: an individual |
| Dec 2025 | Market trade | ₹1.86 Cr | Buyer: Irage Broking Services LLP Seller: Setu Securities Private Limited , Irage Broking Services LLP |
To see the full deal history of VL E-Governance & IT Solutions Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
VL E-Governance & IT Solutions Limited has 10 court cases on record: 10 filed by VL E-Governance & IT Solutions. 7 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 0 | 7 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against an individual | Pending |
To see the full case history of VL E-Governance & IT Solutions 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 VL E-Governance & IT Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
VL E-Governance & IT Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCV4132N1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 08AAFCV4132N1Z0 | Rajasthan | Active | 22 Aug 2017 |
To see the full GST registrations and return filing status of VL E-Governance & IT Solutions Limited, buy the company report.
Recent activity
VL E-Governance & IT Solutions Limited has 22 board changes on record since 2017: 6 appointments and 16 cessations. The latest: Sanjay Nandwana was appointed as Managing Director on 27 Mar 2025.
13 earlier events are in the company report.
News
Frequently asked questions
VL E-Governance & IT Solutions is an active public limited company based in Mumbai, Maharashtra, India. The company works in wholesale, within the trading industry. It was incorporated on 18 March 2016 (10+ years old) and is registered under CIN L74110MH2016PLC274618. Listed on BSE: 543958 and NSE: VLEGOV.
VL E-Governance & IT Solutions reported revenue of ₹17.15 Cr for FY 2025-26 (down 44.1% YoY) based on standalone financials.
VL E-Governance & IT Solutions has 6 current directors:
- Sanjay Nandwana - Managing Director
- Tanu Surendra Shukla - Director
- Anoop Kumar Agrawal - Director
- Nishikant Kishanrao Hayatnagarkar - Director
- Chandra Kailash Vishwakarma - Director
- Hari Mohan - Director
The latest financial statements of VL E-Governance & IT Solutions on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of VL E-Governance & IT Solutions is 27AAFCV4132N1Z0, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 08AAFCV4132N1Z0 (Rajasthan).
The CIN (Corporate Identification Number) of VL E-Governance & IT Solutions is L74110MH2016PLC274618. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. VL E-Governance & IT Solutions is a listed company as per MCA records. Its shares are listed on both BSE (code: 543958) and NSE (symbol: VLEGOV).
VL E-Governance & IT Solutions has 10 court cases on record: 10 filed by the company. 7 are pending. Most are in the district courts.
VL E-Governance & IT Solutions was incorporated on 18 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
VL E-Governance & IT Solutions has 55 deals on record (55 market trades); the latest was in March 2026.