About Tharakan Web Innovations Private Limited
Data last updated:
Tharakan Web Innovations Private Limited is a private limited company based in Kochi, Kerala, India, a subsidiary of Vfs Global Services Private Limited. It operates in the web design and maintenance services segment of the technology and IT services sector. It was incorporated on 26 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72900KL2008PTC022141. Its GSTIN is 32AADCT3842P1Z2 (Kerala). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Lakh and a paid-up capital of ₹1.66 Lakh. It is led by directors Shameem Jaleel Palykandy and Atul Arora.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Coastal Chambers Mahatma Gandhi Rd Ravipuram Kochi Ker, Ala, Kerala, India – 682015.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.95 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹12.7 Lakh (net margin 2.1%) and EBITDA of ₹69.6 Lakh (EBITDA margin 11.7%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 10% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: DirectVerify and Docswallet. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 1 case is pending. The company has 13 deals on record (10 funding rounds, 3 secondary share transfers), with disclosed funding of ₹13.53 Cr; the latest was in January 2015. The company has 2 MSME Form 1 returns on record between 2022 and 2023, listing 8 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website docswallet.com.
Company details
Contact details
Tharakan Web Innovations Private Limited's registered office is in Kochi, Kerala. Its website is docswallet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1st Floor Coastal Chambers Mahatma Gandhi Rd Ravipuram Kochi Ker, Ala, Kerala, India – 682015
- IndustryInformation Technology, Web Design & Maintenance Services
To see the full contact details of Tharakan Web Innovations 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
Tharakan Web Innovations operates two associated brands: DirectVerify and Docswallet. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates an online platform for verifying transcripts and certificates securely. | directverify.in | |
| Cloud and blockchain-based platform to store and share official documents | docswallet.com |
Business activity
The main business activity of Tharakan Web Innovations 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 Tharakan Web Innovations Private Limited, buy the company report.
Financials of Tharakan Web Innovations Private Limited
FY 2025 filings availableTharakan Web Innovations Private Limited reported revenue of ₹5.95 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 7% fall in the latest year. EBITDA fell 46% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹69.6 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.7 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.7% | ||||
| Net Profit Margin | 2.1% | ||||
| 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 Tharakan Web Innovations Private Limited, buy the company report.
Board of directors of Tharakan Web Innovations Private Limited
Tharakan Web Innovations has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shameem Jaleel Palykandy | Director | 12 Aug 2010 | 16 Years 2 Months | Current |
| Atul Arora | Director | 17 Nov 2020 | 5 Years 11 Months | Current |
Auditor
Tharakan Web Innovations Private Limited is audited by Sanjay Rane & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sanjay Rane & Associates | FY 2023 | 121089W |
Shareholding
The shareholding of Tharakan Web Innovations 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 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 Tharakan Web Innovations Private Limited, buy the company report.
Deals & funding
Tharakan Web Innovations Private Limited has 13 deals on record (10 funding rounds, 3 secondary share transfers), with disclosed funding of ₹13.53 Cr; the latest was in January 2015.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2015 | Funding round | ₹4.72 Cr | Investors: an individual |
| Jun 2014 | Funding round | ₹2.91 Cr | Investors: an individual |
| Jun 2014 | Funding round | ₹2.91 Cr | Investors: an individual |
| May 2014 | Funding round | ₹1.65 Cr | Investors: 4 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Tharakan Web Innovations 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
Tharakan Web Innovations Private Limited has 5 court cases on record: 2 filed by Tharakan Web Innovations, 3 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 3 | 2 | 0 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Kochi | Interim or miscellaneous application | Filed by the company against M/S VFS Global Services Pvt Ltd and 7 others | Disposed |
| High Court of Kerala | Writ petition | Filed against the company | Pending |
| NCLT, NCLT Kochi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| NCLT, Kochi | Interim or miscellaneous application | Filed against the company by individuals | Disposed |
| High Court of Kerala | Writ petition | Filed by the company against National Company Law Tribunal | Disposed |
To see the full case history of Tharakan Web Innovations 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
Tharakan Web Innovations Private Limited has 2 MSME Form 1 returns on record between 2022 and 2023, listing 8 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aparajitha Corporate Services Private Limited |
To see the full MSME payment records of Tharakan Web Innovations Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Tharakan Web Innovations Private Limited has a workforce of 14 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Tharakan Web Innovations has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AADCT3842P1Z2 | Kerala | Active | 29 Oct 2019 |
| 33AADCT3842P1Z0 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tharakan Web Innovations Private Limited, buy the company report.
Recent activity
Tharakan Web Innovations Private Limited has 13 board changes on record since 2010: 2 appointments and 11 cessations. The latest: Rajeev Gopal Wagle ceased to be Additional Director on 18 Nov 2020.
4 earlier events are in the company report.
Frequently asked questions
Tharakan Web Innovations is an active private limited company based in Kochi, Kerala, India. The company works in web design and maintenance services, within the information technology industry. It was incorporated on 26 March 2008 (18+ years old) and is registered under CIN U72900KL2008PTC022141.
Tharakan Web Innovations has 2 current directors:
- Shameem Jaleel Palykandy - Director
- Atul Arora - Director
The latest financial statements of Tharakan Web Innovations on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tharakan Web Innovations is 32AADCT3842P1Z2, registered in Kerala. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AADCT3842P1Z0 (Tamil Nadu).
The CIN (Corporate Identification Number) of Tharakan Web Innovations is U72900KL2008PTC022141. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tharakan Web Innovations has 5 court cases on record: 2 filed by the company and 3 filed against it. 1 is pending. Most are in the nclt.
Tharakan Web Innovations was incorporated on 26 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ernakulam.
Tharakan Web Innovations has 13 deals on record (10 funding rounds, 3 secondary share transfers), with disclosed funding of ₹13.53 Cr; the latest was in January 2015.
Rajeev Gopal Wagle ceased to be Additional Director on 18 Nov 2020. Atul Arora was appointed as Director on 17 Nov 2020. Feroze Fredoon Amroliwala ceased to be Additional Director on 09 Apr 2020. Tharakan Web Innovations has 13 board changes on record in total.
Tharakan Web Innovations has 2 MSME Form 1 returns on record between 2022 and 2023, listing 8 overdue payments to 1 micro and small supplier. The latest return was filed on 31 Oct 2023.
Tharakan Web Innovations can be reached through the website docswallet.com. Its registered office is in Kochi, Kerala, India.