VR Finechem Private Limited
About VR Finechem Private Limited
Data last updated:
VR Finechem Private Limited was a private limited company based in Vadodara, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the speciality chemicals segment of the chemicals sector. It was incorporated on 15 April 2015.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24233GJ2015PTC082888.
The company had an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5.5 Cr. It was led by directors Chirag Patel and Gaurav Jagdish Astik.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Rajlaxmi Complex 1st Floor Flat No. A/122 Old Padra Road, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2021, the company reported a revenue of ₹224.76 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹6.71 Cr (net margin 3%) and EBITDA of ₹45.36 Cr (EBITDA margin 20.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 10% over five years.
Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.
Company details
Contact details
VR Finechem Private Limited's registered office is in Vadodara, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRajlaxmi Complex 1st Floor Flat No. A/122 Old Padra Road, Vadodara, Gujarat, India – 390007
- IndustryChemicals, Other Chemical Product, Manufacturing
To see the full contact details of VR Finechem 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
Financials of VR Finechem Private Limited
FY 2021 filings availableVR Finechem Private Limited reported revenue of ₹224.76 Cr (down 3% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 1% 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
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| EBITDA | ₹45.36 Cr | ||||
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| Net Profit (PAT) | ₹6.71 Cr | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | 20.2% | ||||
| Net Profit Margin | 3% | ||||
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To see the full financial statements and ratios of VR Finechem Private Limited, buy the company report.
Board of directors of VR Finechem Private Limited
VR Finechem 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 |
|---|---|---|---|---|
| Chirag Patel | Director | 15 Apr 2015 | 11 Years 6 Months | As last reported |
| Gaurav Jagdish Astik | Director | 15 Apr 2015 | 11 Years 6 Months | As last reported |
Auditor
VR Finechem Private Limited is audited by K. C. Mehta & Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. C. Mehta & Co. | FY 2016 | 106237W |
Shareholding
The shareholding of VR Finechem Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of VR Finechem Private Limited, buy the company report.
Legal cases
VR Finechem Private Limited has 2 court cases on record: 2 filed by VR Finechem. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company against an individual | Pending |
| NCLT, Ahmedabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of VR Finechem 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 VR Finechem Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for VR Finechem Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
VR Finechem Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Purushottam Dinkarrao Dhumal ceased to be Director on 01 Oct 2019.
Frequently asked questions
VR Finechem has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
VR Finechem was a private limited company based in Vadodara, Gujarat, India. The company worked in other chemical product, within the chemicals industry. It was incorporated on 15 April 2015 and is registered under CIN U24233GJ2015PTC082888. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
VR Finechem was incorporated on 15 April 2015. It is registered with the Registrar of Companies, Ahmedabad.
VR Finechem had 2 directors:
- Chirag Patel - Director
- Gaurav Jagdish Astik - Director
The CIN (Corporate Identification Number) of VR Finechem is U24233GJ2015PTC082888. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of VR Finechem is at Rajlaxmi Complex 1st Floor Flat No. A122 Old Padra Road, Vadodara, Gujarat, India – 390007.
The latest financial statements of VR Finechem on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from FY 2016 are in the company report.
VR Finechem operated in the chemicals industry, in the other chemical product segment.
VR Finechem has 2 court cases on record: 2 filed by the company. 1 is pending.
Purushottam Dinkarrao Dhumal ceased to be Director on 01 Oct 2019. Chirag Patel was appointed as Director on 15 Apr 2015. Gaurav Jagdish Astik was appointed as Director on 15 Apr 2015.