About Vashi Integrated Solutions Limited
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Vashi Integrated Solutions Limited is a public limited company based in Bhiwandi, Maharashtra, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 22 March 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U33190MH1991PLC060890. Its GSTIN is 27AAACV1496Q3ZK (Maharashtra). The company holds 18 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.85 Cr. It was formerly known as Vashi Electricals Private Limited and Vashi Electricals Limited. It is led by directors including Madan Baldev Dodeja and Suraj Madan Dodeja.
Its last annual general meeting (AGM) was held on 24 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bhiwandi, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,462.83 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹40.03 Cr (net margin 2.7%) and EBITDA of ₹78.98 Cr (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 16% over five years.
The company has about 1,065 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹416.16 Cr and satisfied charges of ₹192.05 Cr on record. Court records list 215 cases involving the company, including 208 filed by the company and 7 filed against it; 54 cases are pending. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2016. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 101 overdue payments to 61 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vashielectricals.com.
Company details
Name history
Vashi Integrated Solutions has undergone 2 name changes throughout its history. The company was previously known as Vashi Electricals Private Limited, and Vashi Electricals Limited. The current legal name is Vashi Integrated Solutions Limited.
| Company Name | Status |
|---|---|
| Vashi Integrated Solutions Limited | Current |
| Vashi Electricals Private Limited | Previous |
| Vashi Electricals Limited | Previous |
CIN history
Vashi Integrated Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U33190MH1991PLC060890, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U33190MH1991PLC060890 | Current |
| U31904MH1991PTC060890 | Previous |
| U31904MH1991PLC060890 | Previous |
Contact details
Vashi Integrated Solutions Limited's registered office is in Bhiwandi, Maharashtra. Its website is vashielectricals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA/6 Ganesh Compound Dapole Road Anjur – Mankoli Road Gundaval, I, Bhiwandi, Maharashtra, India – 421305
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Vashi Integrated Solutions 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
Business activity
The main business activity of Vashi Integrated Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Vashi Integrated Solutions Limited, buy the company report.
Financials of Vashi Integrated Solutions Limited
FY 2024 filings availableVashi Integrated Solutions Limited reported revenue of ₹1,462.83 Cr (up 45% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 45% growth in the latest year. EBITDA rose 18% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,462.83 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹78.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹40.03 Cr | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Vashi Integrated Solutions Limited, buy the company report.
Board of directors of Vashi Integrated Solutions Limited
Vashi Integrated Solutions has 8 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Shareholding
The shareholding of Vashi Integrated Solutions 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vashi Integrated Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Nov 2023 | 100832706 | Others | ₹60 Cr | Open | |
| 24 Nov 2023 | 100831276 | Yes Bank Limited | ₹100 Cr | Open | |
| 17 Jul 2023 | 100812473 | Hdfc Bank Limited | ₹15.9 Lakh | Open | |
| 19 Aug 2022 | 100613546 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 22 Jul 2020 | 100357546 | Hdfc Bank Limited | ₹21 Cr | Open |
To see the full charge records of Vashi Integrated Solutions Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Vashi Integrated Solutions Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Rights issue | ₹3 Cr | Investors: 4 individuals |
| Aug 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vashi Integrated Solutions Limited has 215 court cases on record: 208 filed by Vashi Integrated Solutions, 7 filed against it. 54 cases are pending and 161 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 212 | 5 | 54 |
| High courts | 2 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 215)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Roots Air Systems Private Limited | Pending |
| District court, Thane, Maharashtra | Court case (Reg Dkst) | Filed by the company against Atman Solutions Private Limited | Pending |
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed by the company against Sagetech Automation Private Limited | Pending |
| District court, Thane, Maharashtra | Court case (Other Misc.Cri.Appln) | Filed by the company against Saakvee Technologies India Pvt Ltd | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Ajay Organics Pvt. Ltd. | Pending |
To see the full case history of Vashi Integrated 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.
Credit ratings & regulatory alerts
Vashi Integrated Solutions Limited was last rated by Crisil on 28 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 Apr 2020 |
To see the full credit ratings and regulatory alerts of Vashi Integrated Solutions Limited, buy the company report.
MSME payment delays
Vashi Integrated Solutions Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 101 overdue payments to 61 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 61)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Madhu Infotech (India) Private Limited | |||
| Avinash Cargo Private Limited | |||
| Smisen Controls Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Vashi Integrated Solutions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Vashi Integrated Solutions has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Vashi Electricals and As Bearing Private Limited | U31909PB2018PTC048696 | |
| Techno Products Development Private Limited | U33111TN1986PTC012924 | |
| Midex Vashi Marketing Private Limited | U51101MP2014PTC032471 |
To see the full group structure of Vashi Integrated Solutions Limited, buy the company report.
Employees & EPFO
Vashi Integrated Solutions Limited has a workforce of 1,065 employees on its EPFO records as of Dec 18, 2025, across 1 active EPFO establishment.
GST
Vashi Integrated Solutions has 18 GST registrations: 13 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV1496Q3ZK | Maharashtra | Active | 01 Jul 2017 |
| 27AAACV1496Q4ZJ | Maharashtra | Active | 06 Nov 2024 |
| 06AAACV1496Q1ZQ | Haryana | Active | 01 Jul 2017 |
| 09AAACV1496Q1ZK | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vashi Integrated Solutions Limited, buy the company report.
Recent activity
Vashi Integrated Solutions Limited has 18 board changes on record since 1991: 9 appointments and 9 cessations. The latest: Anita Bandyopadhyay ceased to be Additional Director on 23 Sep 2024.
46 earlier events are in the company report.
Frequently asked questions
Vashi Integrated Solutions is an active public limited company based in Bhiwandi, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 22 March 1991 (35+ years old) and is registered under CIN U33190MH1991PLC060890.
Vashi Integrated Solutions has 8 current directors:
- Madan Baldev Dodeja - Director
- Suraj Madan Dodeja - Director
- Anita Bandyopadhyay - Director
- Jatan Madan Dodeja - Director
- Manish Ishwarlal Panchal - Director
- Ameet Mohan Dodejaa - Director
- Mohan Baldev Dodeja - Director
- Pramod Sadashiv Sant - Director
The latest financial statements of Vashi Integrated Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 24 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vashi Integrated Solutions is 27AAACV1496Q3ZK, registered in Maharashtra. The company has 18 GST registrations in all, of which 13 are active and 5 are cancelled or inactive. Other active GSTINs include 27AAACV1496Q4ZJ (Maharashtra), 06AAACV1496Q1ZQ (Haryana), 09AAACV1496Q1ZK (Uttar Pradesh).
The CIN (Corporate Identification Number) of Vashi Integrated Solutions is U33190MH1991PLC060890. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vashi Integrated Solutions has 215 court cases on record: 208 filed by the company and 7 filed against it. 54 are pending. Most are in the district courts.
Vashi Integrated Solutions was incorporated on 22 March 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Vashi Integrated Solutions has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2016.
Anita Bandyopadhyay ceased to be Additional Director on 23 Sep 2024. Kinjal Darshit Parkhiya ceased to be Additional Director on 30 Apr 2024. Pramod Sadashiv Sant was appointed as Director on 30 Apr 2024. Vashi Integrated Solutions has 18 board changes on record in total.
Vashi Integrated Solutions has 9 MSME Form 1 returns on record between 2019 and 2024, listing 101 overdue payments to 61 micro and small suppliers. The latest return was filed on 18 Apr 2024.
Vashi Integrated Solutions can be reached through the website vashielectricals.com. Its registered office is in Bhiwandi, Maharashtra, India.