MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-OD-19-0002538
Vastech Solutions Private Limited - information technology in Bhubaneswar, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹2.17 Cr
▼ 5% YoY
Net loss · FY 2022
₹1.59 Lakh
Net margin -0.7%
EBITDA · FY 2022
₹12.69 Lakh
EBITDA margin 5.8%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹11 Lakh
Issued & subscribed
Company age
14 yrs
Est. 2012
Employees · EPFO
3
Provident fund records
Directors on board
2
As per MCA filings
About Vastech Solutions Private Limited
Data last updated:
Vastech Solutions Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 January 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72200OR2012PTC014838. Its GSTIN is 21AADCV9120C1ZV (Odisha). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹11 Lakh. It is led by directors Ajaya Kumar Sahoo (Managing Director) and Alekh Bihari Sahoo.
Its last annual general meeting (AGM) was held on 30 November 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Plot No.686 Saheed Nagar, Bhubaneswar, Odisha, India – 751007.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.17 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹1.59 Lakh (net margin -0.7%) and EBITDA of ₹12.69 Lakh (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vastech. Court records list 17 cases involving the company, including 1 filed by the company and 16 filed against it; 9 cases are pending.
Vastech Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-19-0002538). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vastech.co.in.
Company details
CIN U72200OR2012PTC014838
Registration Number 014838
Incorporation Date 19 January 2012
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-OD-19-0002538
Recognitions & Rankings of Vastech Solutions
Contact details
Vastech Solutions Private Limited's registered office is in Bhubaneswar, Odisha. Its website is vastech.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.686 Saheed Nagar, Bhubaneswar, Odisha, India – 751007
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Vastech Solutions Private Limited, buy the company report.
Comprehensive company report
Vastech Solutions Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Vastech Solutions operates one associated brand: Vastech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| It delivers comprehensive solutions of application development, consulting, and support services. | vastech.co.in |
Business activity
The main business activity of Vastech Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Vastech Solutions Private Limited, buy the company report.
Financials of Vastech Solutions Private Limited
FY 2022 filings availableVastech Solutions Private Limited reported revenue of ₹2.17 Cr (down 5% YoY) for FY 2022.
Revenue · FY 2022
₹2.17 Cr ▼ 5%
Net loss · FY 2022
₹1.59 Lakh margin -0.7%
EBITDA · FY 2022
₹12.69 Lakh margin 5.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 5%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 44%
3 years · compounded
▼ 23%
5 years · compounded
▲ 11%
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 44% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹12.69 Lakh | ||||
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| Net Profit (PAT) | -₹1.59 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | -0.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vastech Solutions Private Limited, buy the company report.
Board of directors of Vastech Solutions Private Limited
Vastech Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alekh Bihari Sahoo | Director | 15 Sep 2020 | 6 Years 1 Months | Current |
| Ajaya Kumar Sahoo Also directs: Houston E-Commerce Private Limited, Voltcon Capital Private Limited, Asiaklub Experiences Private Limited and 1 more | Managing Director | 19 Jan 2012 | 14 Years 9 Months | Current |
Peer comparison
Vastech Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bezohminds Private Limited | ₹2.18 Cr (FY 2024) | 65.0% | Palayankottai, Tamil Nadu, India | |||
| Ionicx Digital Technologies Private Limited | ₹2.18 Cr (FY 2025) | 12.0% | Chennai, Tamil Nadu, India | |||
| Axepert Exhibits Private Limited | ₹2.18 Cr (FY 2023) | 87.0% | Sonipat, Haryana, India | |||
| Three E Information Technology Solutions Private Limited | ₹2.18 Cr (FY 2019) | 54.0% | Thiruvananthapuram, Kerala, India | |||
| Group Fio (India) Private Limited | ₹2.17 Cr (FY 2024) | -20.0% | Chennai, Tamil Nadu, India | |||
| Vastech Solutions Private Limitedthis company | ₹2.17 Cr (FY 2022) | -₹1.59 Lakh | -0.7% | -5.0% | 3 | Bhubaneswar, Odisha, India |
| LSG (India) Private Limited | ₹2.17 Cr (FY 2024) | -54.0% | Kunnathunad, Kerala, India | |||
| Zintec Software Private Limited | ₹2.17 Cr (FY 2025) | 18.0% | Hyderabad, Telangana, India | |||
| Innojc Technologies Private Limited | ₹2.17 Cr (FY 2023) | Hyderabad, Telangana, India | ||||
| Debuide Technologies (OPC) Private Limited | ₹2.17 Cr (FY 2025) | 44.0% | Aligarh, Uttar Pradesh, India | |||
| Piie India Private Limited | ₹2.17 Cr (FY 2023) | Pune, Maharashtra, India |
To see the full peer comparison of Vastech Solutions Private Limited, buy the company report.
Auditor
Vastech Solutions Private Limited is audited by C B C & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C B C & ASSOCIATES | FY 2020 | 325794E |
Shareholding
The shareholding of Vastech Solutions Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Vastech Solutions Private Limited, buy the company report.
Legal cases
Vastech Solutions Private Limited has 17 court cases on record: 1 filed by Vastech Solutions, 16 filed against it. 9 cases are pending and 8 are disposed.
Total cases
17
Filed by the company
1
Filed against the company
16
Pending
9
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 16 | 9 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by Indusind Bank Ltd Rep by A Mohanraj | Pending |
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by M/S Clix Capital Services Pvt Ltd | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Clix Capital Services Pvt Ltd | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Smartping AI Private Limited | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed against the company by Icici Bank Limited | Pending |
To see the full case history of Vastech Solutions 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 Vastech Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vastech Solutions Private Limited has a workforce of 3 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
GST
Vastech Solutions has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AADCV9120C1ZV | Odisha | Active | 01 Jul 2017 |
| 29AADCV9120C1ZF | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vastech Solutions Private Limited, buy the company report.
Recent activity
Vastech Solutions Private Limited has 4 board changes on record since 2012: 2 appointments and 2 cessations. The latest: Alekh Bihari Sahoo was appointed as Director on 15 Sep 2020.
AGM
Vastech Solutions Private Limited last Annual general meeting of members was held on 30 Nov 2022 as per latest MCA records.
Filing
Vastech Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Cuttack.
Appointed
Alekh Bihari Sahoo was appointed as Director.
Ceased
Itishree Ray ceased to be Director.
Ceased
Amiya Kumar Sahoo ceased to be Director.
Appointed
Ajaya Kumar Sahoo was appointed as Managing Director.
Incorporation
19 Jan 2012
Vastech Solutions Private Limited was registered on 19 Jan 2012 with Roc Cuttack & aged 14 years 9 months as per MCA records.
Frequently asked questions
Vastech Solutions is an active private limited company based in Bhubaneswar, Odisha, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 19 January 2012 (14+ years old) and is registered under CIN U72200OR2012PTC014838.
Vastech Solutions has 2 current directors:
- Ajaya Kumar Sahoo - Managing Director
- Alekh Bihari Sahoo - Director
The latest financial statements of Vastech Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 November 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Vastech Solutions is 21AADCV9120C1ZV, registered in Odisha. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AADCV9120C1ZF (Karnataka).
The CIN (Corporate Identification Number) of Vastech Solutions is U72200OR2012PTC014838. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vastech Solutions has 17 court cases on record: 1 filed by the company and 16 filed against it. 9 are pending. Most are in the district courts.
Vastech Solutions was incorporated on 19 January 2012, making it 14+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Vastech Solutions by revenue are Bezohminds Private Limited, Ionicx Digital Technologies Private Limited, Axepert Exhibits Private Limited, Three E Information Technology Solutions Private Limited, Group Fio (India) Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Alekh Bihari Sahoo was appointed as Director on 15 Sep 2020. Itishree Ray ceased to be Director on 15 Sep 2020. Amiya Kumar Sahoo ceased to be Director on 25 Nov 2019. Vastech Solutions has 4 board changes on record in total.
Yes, Vastech Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-OD-19-0002538).
Vastech Solutions can be reached through the website vastech.co.in. Its registered office is in Bhubaneswar, Odisha, India.