- #257 Jitendra Virwani ₹14,500 Cr

About Vikas Telecom Private Limited
Data last updated:
Vikas Telecom Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Embassy Office Parks Reit. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 29 May 1992 and has been in existence for over 34 years.
Its director Jitendra Virwani is #257 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U64202KA1992PTC083998. Its GSTIN is 29AABCV4966E1Z1 (Karnataka). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹64.05 Cr and a paid-up capital of ₹6.52 Cr. It was formerly known as Vikas Telecom Ltd. It is led by directors including Jitendra Mohandas Virwani and Donnie Dominic George.
Its last annual general meeting (AGM) was held on 20 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹934.3 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹57.81 Cr (net margin 6.2%) and EBITDA of ₹792.82 Cr (EBITDA margin 84.9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 2% over five years.
The company has about 99 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Embassy Office Park. As per MCA filings, the company has open charges of ₹4,816.5 Cr and satisfied charges of ₹15,469 Cr on record. Court records list 101 cases involving the company, including 25 filed by the company and 76 filed against it; 7 cases are pending. The company has 17 deals on record (15 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹519.4 Cr; the latest was in August 2022. The company has 3 MSME Form 1 returns on record between 2019 and 2020, listing 65 overdue payments to 27 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 embassyofficeparks.com.
Company details
CIN history
Vikas Telecom has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U64202KA1992PTC083998, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64202KA1992PTC083998 | Current |
| U64202DL1992PLC154892 | Previous |
| U64202DL1992PTC154892 | Previous |
Recognitions & Rankings of Vikas Telecom
Contact details
Vikas Telecom Private Limited's registered office is in Bangalore, Karnataka. Its website is embassyofficeparks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address12th Floor Pinnacle Tower Embassy One, 8 Bellary Road Ganganagar Bengaluru, Bangalore, Karnataka, India – 560032
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vikas Telecom 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
Brands
Vikas Telecom operates one associated brand: Embassy Office Park. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Business parks development services are provided in India. | embassyofficeparks.com |
Business activity
The main business activity of Vikas Telecom is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Vikas Telecom Private Limited, buy the company report.
Financials of Vikas Telecom Private Limited
FY 2026 filings availableVikas Telecom Private Limited reported revenue of ₹934.3 Cr (up 22% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 22% growth in the latest year. EBITDA rose 22% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹934.3 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹792.82 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹57.81 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 84.9% | ||||
| Net Profit Margin | 6.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Vikas Telecom Private Limited, buy the company report.
Board of directors of Vikas Telecom Private Limited
Vikas Telecom has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Mohandas Virwani | Nominee Director | 30 Aug 2022 | 4 Years 2 Months | Current |
| Donnie Dominic George | Nominee Director | 11 Oct 2022 | 4 Years 1 Months | Current |
| Molahalli Amit Vikram Shetty | Nominee Director | 05 Nov 2025 | 1 Years 0 Months | Current |
| Manish Kumar Garg Also directs: Manyata Promoters Private Limited | Nominee Director | 31 Jul 2026 | 0 Years 3 Months | Current |
Auditor
Vikas Telecom Private Limited is audited by S.R. BATLIBOI & ASSOCIATES LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & ASSOCIATES LLP | FY 2024 | 101049W/E300004 |
Shareholding
The shareholding of Vikas Telecom Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vikas Telecom Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2026 | 101372245 | Others | ₹200 Cr | Open | |
| 29 Jun 2026 | 101316463 | Others | ₹200 Cr | Open | |
| 22 Dec 2025 | 101206088 | Others | ₹500 Cr | Open | |
| 19 Nov 2025 | 101196185 | Others | ₹200 Cr | Open | |
| 10 Nov 2025 | 101219671 | Others | ₹1,000 Cr | Open |
To see the full charge records of Vikas Telecom Private Limited, buy the company report.
Total charge records: 52 View all charges
Deals & funding
Vikas Telecom Private Limited has 17 deals on record (15 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹519.4 Cr; the latest was in August 2022.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Debt financing | ₹495 Cr | Investors: Icici Bank Limited |
| Oct 2014 | Secondary share transfer | Undisclosed | Buyer: Embassy Office Ventures Private Limited Seller: Embassy Office Ventures Private limited & Santhosh Kumar Garg |
| May 2014 | Secondary share transfer | Undisclosed | Buyer: Embassy Office Ventures Private Limited Seller: Embassy Office Ventures Private limited & Jitendra Virwani |
| Apr 2014 | Secondary share transfer | Undisclosed | Buyer: Embassy Office Ventures Private limited & Santhosh Kumar Garg, Embassy Office Ventures Private Limited Seller: 2 individuals |
| Apr 2014 | Secondary share transfer | Undisclosed | Buyer: Embassy Office Ventures Private Limited , Embassy Office Ventures Private limited & Jitendra Virwani Seller: Yashita Finance Private Limited , 2 individuals |
To see the full deal history of Vikas Telecom 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
Vikas Telecom Private Limited has 101 court cases on record: 25 filed by Vikas Telecom, 76 filed against it. 7 cases are pending and 94 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 77 | 55 | 6 |
| District courts | 19 | 18 | 0 |
| NCLT | 3 | 1 | 1 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 101)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Indian Oil Corporation Ltd and 1 other | Disposed |
| High Court of Delhi | Court case (CO.PET.) | Filed against the company by Cityinfo Services Pvt. Ltd. | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by Cisco Systems India Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Assetz Property Services Pvt Ltd and 1 other | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed against the company by Altisource Business Solutions Private Limited | Disposed |
To see the full case history of Vikas Telecom 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
Vikas Telecom Private Limited was last rated by Care on 07 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Jul 2026 |
To see the full credit ratings and regulatory alerts of Vikas Telecom Private Limited, buy the company report.
MSME payment delays
Vikas Telecom Private Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 65 overdue payments to 27 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 27)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shade Flex India Private Limited | |||
| Signtific Private Limited | |||
| Firepro Systems Private Limited | |||
| Earthline Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Vikas Telecom Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vikas Telecom Private Limited has a workforce of 99 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 99 |
| FY 2025-26 | |
| FY 2021-22 |
To see the full employee and EPFO history of Vikas Telecom Private Limited, buy the company report.
GST
Vikas Telecom has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCV4966E1Z1 | Karnataka | Active | 01 Jul 2017 |
| 29AABCV4966E2Z0 | Karnataka | Active | 01 Jul 2017 |
| 29AABCV4966E4ZY | Karnataka | Active | 24 Feb 2025 |
To see the full GST registrations and return filing status of Vikas Telecom Private Limited, buy the company report.
Recent activity
Vikas Telecom Private Limited has 23 board changes on record since 2010: 4 appointments and 19 cessations. The latest: Manish Kumar Garg was appointed as Nominee Director on 31 Jul 2026.
133 earlier events are in the company report.
News
Frequently asked questions
Vikas Telecom is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 29 May 1992 (34+ years old) and is registered under CIN U64202KA1992PTC083998.
Vikas Telecom has 4 current directors:
- Jitendra Mohandas Virwani - Nominee Director
- Donnie Dominic George - Nominee Director
- Molahalli Amit Vikram Shetty - Nominee Director
- Manish Kumar Garg - Nominee Director
The latest financial statements of Vikas Telecom on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 20 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Vikas Telecom is 29AABCV4966E1Z1, registered in Karnataka. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 29AABCV4966E2Z0 (Karnataka), 29AABCV4966E4ZY (Karnataka).
The CIN (Corporate Identification Number) of Vikas Telecom is U64202KA1992PTC083998. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vikas Telecom has 101 court cases on record: 25 filed by the company and 76 filed against it. 7 are pending. Most are in the high courts.
Vikas Telecom was incorporated on 29 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Bangalore.
Vikas Telecom has 17 deals on record (15 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹519.4 Cr; the latest was in August 2022.
Manish Kumar Garg was appointed as Nominee Director on 31 Jul 2026. Molahalli Amit Vikram Shetty was appointed as Nominee Director on 05 Nov 2025. Ritwik Bhattacharjee ceased to be Nominee Director on 31 Jul 2025. Vikas Telecom has 23 board changes on record in total.
Vikas Telecom has 3 MSME Form 1 returns on record between 2019 and 2020, listing 65 overdue payments to 27 micro and small suppliers. The latest return was filed on 27 Oct 2020.
Vikas Telecom can be reached through the website embassyofficeparks.com. Its registered office is in Bangalore, Karnataka, India.

