Vastly IT Solutions Private Limited
About Vastly IT Solutions Private Limited
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Vastly IT Solutions Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 08 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2019PTC343952. Its GSTIN is 07AAGCV7475H1ZU (Delhi).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ravi Jain and Lavita Jain.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at H. No. 130 Block – Bf Shalimar Bagh, New Delhi, Delhi, India – 110088.
As per the financials filed for FY 2020, the company reported a revenue of ₹5.26 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1 Lakh (net margin 0.2%) and EBITDA of ₹2.23 Lakh (EBITDA margin 0.4%).
Court records list 6 cases involving the company, including 6 filed against it; 3 cases are pending.
Company details
Contact details
Vastly IT Solutions Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressH. No. 130 Block – Bf Shalimar Bagh, New Delhi, Delhi, India – 110088
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Vastly IT Solutions 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
Business activity
The main business activity of Vastly 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 Vastly IT Solutions Private Limited, buy the company report.
Financials of Vastly IT Solutions Private Limited
FY 2020 filings availableVastly IT Solutions Private Limited reported revenue of ₹5.26 Cr (up 652% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 652% in the latest year. EBITDA rose 73% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹5.26 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹2.23 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹1 Lakh | |
| 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 2019-20 | FY 2018-19 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0.4% | |
| Net Profit Margin | 0.2% | |
| 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 Vastly IT Solutions Private Limited, buy the company report.
Board of directors of Vastly IT Solutions Private Limited
Vastly IT Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Jain Also directs: Vivid Sportz Private Limited | Director | 08 Jan 2019 | 7 Years 9 Months | Current |
| Lavita Jain | Director | 08 Jan 2019 | 7 Years 9 Months | Current |
Peer comparison
Vastly IT Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Goodhealth Foods Private Limited | ₹5.28 Cr (FY 2024) | 16.0% | Jharkhand, India | |||
| Worth Technology Pvt Ltd | ₹5.26 Cr (FY 2025) | -20.0% | Indore, Madhya Pradesh, India | |||
| Vastly IT Solutions Private Limitedthis company | ₹5.26 Cr (FY 2020) | ₹1 Lakh | 0.2% | 652.0% | New Delhi, Delhi, India | |
| Provatical India Private Limited | ₹5.26 Cr (FY 2022) | 1234.0% | Delhi, India | |||
| Radical Technologies Private Limited | ₹5.25 Cr (FY 2024) | -15.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Vastly IT Solutions Private Limited, buy the company report.
Auditor
Vastly IT Solutions Private Limited is audited by RASTOGI & DONALD for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RASTOGI & DONALD | FY 2020 | 506109C |
Shareholding
The shareholding of Vastly IT Solutions Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Vastly IT Solutions Private Limited, buy the company report.
Legal cases
Vastly IT Solutions Private Limited has 6 court cases on record: 6 filed against it. 3 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 3 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Cheque dishonour complaint | Filed against the company by Micromax Technologies P Ltd. | Pending |
| District court, Ludhiana, Punjab | Execution petition | Filed against the company by M/S I Tek Logics Pvt Ltd | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by M/S I-Tek Logics Pvt Ltd | Disposed |
| District court, West, Delhi | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by an individual | Pending |
To see the full case history of Vastly IT 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 Vastly IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vastly IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAGCV7475H1ZU | Delhi | Active | 16 Jan 2019 |
To see the full GST registrations and return filing status of Vastly IT Solutions Private Limited, buy the company report.
Recent activity
Vastly IT Solutions Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Lavita Jain was appointed as Director on 08 Jan 2019.
Frequently asked questions
Vastly IT Solutions is an active private limited company based in New Delhi, Delhi, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 08 January 2019 (7+ years old) and is registered under CIN U72900DL2019PTC343952.
Vastly IT Solutions has 2 current directors:
- Ravi Jain - Director
- Lavita Jain - Director
The latest financial statements of Vastly IT Solutions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Vastly IT Solutions is 07AAGCV7475H1ZU, registered in Delhi.
The CIN (Corporate Identification Number) of Vastly IT Solutions is U72900DL2019PTC343952. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vastly IT Solutions has 6 court cases on record: 6 filed against it. 3 are pending.
Vastly IT Solutions was incorporated on 08 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Vastly IT Solutions by revenue are Goodhealth Foods Private Limited, Worth Technology Pvt Ltd, Provatical India Private Limited, Radical Technologies Private Limited, all in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (wholesale trading).
Lavita Jain was appointed as Director on 08 Jan 2019. Ravi Jain was appointed as Director on 08 Jan 2019.
The registered office of Vastly IT Solutions is at H. No. 130 Block – Bf Shalimar Bagh, New Delhi, Delhi, India – 110088.
Vastly IT Solutions operates in the information technology industry, in the IT products retail and distribution segment.