MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-19-0001648
Verga Attachments Private Limited - machinery and equipment in Malur, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹67.09 Cr
▼ 57% YoY
Net profit · FY 2024
₹95.24 Lakh
Net margin 1.4%
EBITDA · FY 2024
₹2.85 Cr
EBITDA margin 4.2%
Authorised capital
₹4.75 Cr
Registered with MCA
Paid-up capital
₹3.89 Cr
Issued & subscribed
Open charges
₹45 Cr
Satisfied ₹53.19 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
107
Provident fund records
About Verga Attachments Private Limited
Data last updated:
Verga Attachments Private Limited is a private limited company based in Malur, Karnataka, India, a subsidiary of Naal B .V. Netherlands. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 26 September 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29248KA2006PTC040628. Its GSTIN is 29AACCV3234G1ZD (Karnataka).
The company has an authorised share capital of ₹4.75 Cr and a paid-up capital of ₹3.89 Cr. It is led by directors including Mehul Indrakumar Gandhi (Managing Director) and Sonal Mehul Gandhi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 28B Phase I KIADB Industrial Area, Malur, Karnataka, India – 563130.
As per the financials filed for FY 2024, the company reported a revenue of ₹67.09 Cr, a decline of 57% compared to the previous year. For the same year it recorded a net profit of ₹95.24 Lakh (net margin 1.4%) and EBITDA of ₹2.85 Cr (EBITDA margin 4.2%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 13% over five years.
The company has about 107 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Verga. As per MCA filings, the company has open charges of ₹45 Cr and satisfied charges of ₹53.19 Cr on record. Court records list 21 cases involving the company, including 8 filed by the company and 14 filed against it; 8 cases are pending. The company has 5 deals on record (3 convertible or debt financings, 1 rights issue, 1 funding round), with disclosed funding of ₹6.9 Cr; the latest was in March 2023. Its 3 peer companies in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 2 smaller; the largest is Modtech Material Handling Projects Private Limited with revenue of ₹67.25 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 1,479 overdue payments to 183 micro and small suppliers.
Verga Attachments Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-19-0001648). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website verga.biz.
Company details
CIN U29248KA2006PTC040628
Registration Number 040628
Incorporation Date 26 September 2006
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Naal B .V. Netherlands
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-19-0001648
Key People
Mehul Indrakumar Gandhi Managing Director Sonal Mehul Gandhi Director Gerardus Jacobus Adrianus Maria Verhoeven Director Recognitions & Rankings of Verga Attachments
Contact details
Verga Attachments Private Limited's registered office is in Malur, Karnataka. Its website is verga.biz. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 28B Phase I KIADB Industrial Area, Malur, Karnataka, India – 563130
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Verga Attachments Private Limited, buy the company report.
Comprehensive company report
Verga Attachments 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
Business activity
The main business activity of Verga Attachments is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Verga Attachments Private Limited, buy the company report.
Financials of Verga Attachments Private Limited
FY 2024 filings availableVerga Attachments Private Limited reported revenue of ₹67.09 Cr (down 57% YoY) for FY 2024.
Revenue · FY 2024
₹67.09 Cr ▼ 57%
Net profit · FY 2024
₹95.24 Lakh margin 1.4%
EBITDA · FY 2024
₹2.85 Cr margin 4.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 57%
3 years · compounded
▼ 16%
5 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▼ 69%
3 years · compounded
▼ 32%
5 years · compounded
▼ 27%
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 57% fall in the latest year. EBITDA fell 69% 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 | |||||
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| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹95.24 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.2% | ||||
| Net Profit Margin | 1.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Verga Attachments Private Limited, buy the company report.
Board of directors of Verga Attachments Private Limited
Verga Attachments has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sonal Mehul Gandhi Also directs: Ermotec International Private Limited, Veerya Attachments Private Limited, Naman Vintrade Private Limited and 2 more | Director | 13 Mar 2009 | 17 Years 7 Months | Current |
| Mehul Indrakumar Gandhi | Managing Director | 26 Sep 2006 | 20 Years 1 Months | Current |
| Gerardus Jacobus Adrianus Maria Verhoeven | Director | 26 Sep 2006 | 20 Years 1 Months | Current |
Peer comparison
Verga Attachments Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Modtech Material Handling Projects Private Limited | ₹67.25 Cr (FY 2025) | -19.0% | New Delhi, Delhi, India | |||
| Verga Attachments Private Limitedthis company | ₹67.09 Cr (FY 2024) | ₹95.24 Lakh | 1.4% | -57.0% | 107 | Malur, Karnataka, India |
| Bastian Solutions India Private Limited | ₹66.37 Cr (FY 2025) | 13.0% | Bengaluru, Karnataka, India | |||
| Kepro Technologies Private Limited | ₹66.12 Cr (FY 2025) | 12.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Verga Attachments Private Limited, buy the company report.
Auditor
Verga Attachments Private Limited is audited by N N YUVARAJ A N D ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N N YUVARAJ A N D ASSOCIATES | FY 2023 | 005137S |
Shareholding
The shareholding of Verga Attachments Private 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Verga Attachments Private Limited, buy the company report.
Charges & borrowings
Open charges
₹45 Cr
Satisfied charges
₹53.19 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Mar 2022 | 100564110 | Canara Bank | ₹30 Cr | Satisfied | |
| 29 Dec 2021 | 100526480 | Canara Bank | ₹5.9 Cr | Satisfied | |
| 28 Jan 2021 | 100422281 | Canara Bank | ₹49 Lakh | Satisfied | |
| 31 Mar 2017 | 100148508 | Canara Bank | ₹1.8 Cr | Satisfied | |
| 07 Feb 2008 | 10089994 | Canara Bank | ₹15 Cr | Satisfied |
To see the full charge records of Verga Attachments Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Verga Attachments Private Limited has 5 deals on record (3 convertible or debt financings, 1 rights issue, 1 funding round), with disclosed funding of ₹6.9 Cr; the latest was in March 2023.
Total deals
5
Convertible or debt financings
3
Rights issue
1
Funding round
1
Disclosed funding
₹6.9 Cr
Deals on record (2 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Funding round | ₹93.9 Lakh | Investors: an individual |
| Dec 2018 | Rights issue | ₹87.1 Lakh | Investors: an individual |
To see the full deal history of Verga Attachments Private 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
Verga Attachments Private Limited has 21 court cases on record: 8 filed by Verga Attachments, 14 filed against it. 8 cases are pending and 13 are disposed.
Total cases
21
Filed by the company
8
Filed against the company
14
Pending
8
Disposed
13
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 14 | 7 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, KOLAR, Karnataka | Execution petition | Filed against the company by Siemens Industry Software (India) Pvt. Ltd. and 1 other | Disposed |
| District court, New Delhi, Delhi | Civil suit | Filed against the company by Uniparts India Ltd | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed against the company by M S Verga Attachments Pvt Ltd and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed by the company against The Company Secretary,Ms Verga Attachments Pvt Ltd., and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms. Cotmac Pvt Ltd | Disposed |
To see the full case history of Verga Attachments 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.
Credit ratings & regulatory alerts
Verga Attachments Private Limited was last rated by Crisil on 19 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Nov 2020 |
To see the full credit ratings and regulatory alerts of Verga Attachments Private Limited, buy the company report.
MSME payment delays
Verga Attachments Private Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 1,479 overdue payments to 183 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 183)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Dowin Hydraulics | |||
| Laservall Technosolutions Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Keyon Labels |
To see the full MSME payment records of Verga Attachments Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Verga Attachments Private Limited has a workforce of 107 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
107
Active EPFO establishments
1
Employee growth
-45.41%
GST
Verga Attachments has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCV3234G1ZD | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Verga Attachments Private Limited, buy the company report.
Recent activity
Verga Attachments Private Limited has 6 board changes on record since 2006: 3 appointments and 3 cessations. The latest: Gerardus Jacobus Adrianus Maria Verhoeven ceased to be Director on 16 Jun 2025.
Ceased
Gerardus Jacobus Adrianus Maria Verhoeven ceased to be Director.
Charges
A charge registered on 18 Mar 2022 via Charge ID 100564110 with Canara Bank was fully satisfied on 13 Mar 2025.
Charges
A charge registered on 07 Feb 2008 via Charge ID 10089994 with Canara Bank was fully satisfied on 13 Mar 2025.
AGM
Verga Attachments Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Verga Attachments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Canara Bank of Rs. 15.00 Cr registered on 07 Feb 2008 with Charge ID 10089994 was modified on 01 Jan 2024.
Charges
A charge registered on 29 Dec 2021 via Charge ID 100526480 with Canara Bank was fully satisfied on 04 Oct 2023.
Charges
A charge registered on 28 Jan 2021 via Charge ID 100422281 with Canara Bank was fully satisfied on 04 Oct 2023.
Charges
A charge with Canara Bank amounted to Rs. 30.00 Cr with Charge ID 100564110 was registered on 18 Mar 2022.
Charges
A charge with Canara Bank amounted to Rs. 5.90 Cr with Charge ID 100526480 was registered on 29 Dec 2021.
Charges
A charge with Canara Bank amounted to Rs. 0.49 Cr with Charge ID 100422281 was registered on 28 Jan 2021.
Charges
A charge registered on 31 Mar 2017 via Charge ID 100148508 with Canara Bank was fully satisfied on 07 Jan 2019.
8 earlier events are in the company report.
Frequently asked questions
Verga Attachments is an active private limited company based in Malur, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 26 September 2006 (20+ years old) and is registered under CIN U29248KA2006PTC040628.
Verga Attachments has 3 current directors:
- Mehul Indrakumar Gandhi - Managing Director
- Sonal Mehul Gandhi - Director
- Gerardus Jacobus Adrianus Maria Verhoeven - Director
The latest financial statements of Verga Attachments on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Verga Attachments is 29AACCV3234G1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of Verga Attachments is U29248KA2006PTC040628. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verga Attachments has 21 court cases on record: 8 filed by the company and 14 filed against it. 8 are pending. Most are in the district courts.
Verga Attachments was incorporated on 26 September 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Verga Attachments has 5 deals on record (3 convertible or debt financings, 1 rights issue, 1 funding round), with disclosed funding of ₹6.9 Cr; the latest was in March 2023.
The peers of Verga Attachments by revenue are Modtech Material Handling Projects Private Limited, Bastian Solutions India Private Limited, Kepro Technologies Private Limited, all in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Gerardus Jacobus Adrianus Maria Verhoeven ceased to be Director on 16 Jun 2025. Sonal Mehul Gandhi ceased to be Additional Director on 30 Sep 2009. Sonal Mehul Gandhi was appointed as Director on 13 Mar 2009. Verga Attachments has 6 board changes on record in total.
Yes, Verga Attachments is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-19-0001648).
Verga Attachments has 10 MSME Form 1 returns on record between 2019 and 2024, listing 1,479 overdue payments to 183 micro and small suppliers. The latest return was filed on 30 Apr 2024.