About VVF (India) Limited
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VVF (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 22 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24296MH2010PLC210239. Its GSTIN is 27AADCV4970G1Z3 (Maharashtra). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹65 Cr and a paid-up capital of ₹31.5 Cr. It was formerly known as Vvf (India) Private Limited. It is led by directors including Rustom Godrej Joshi (Managing Director) and Anant Vasudev Pednekar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 109 Opp. Sion Fort Garden Sion (East), Mumbai, Maharashtra, India – 400022.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,538.9 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹97.58 Cr (net margin 3.8%) and EBITDA of ₹242.16 Cr (EBITDA margin 9.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 12% over five years.
The company has about 1,082 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: VVF and DOY. As per MCA filings, the company has open charges of ₹553.75 Cr and satisfied charges of ₹1,163.44 Cr on record. Court records list 227 cases involving the company, including 71 filed by the company and 156 filed against it; 48 cases are pending. The company has 14 deals on record (8 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹246.03 Cr; the latest was in March 2025. Its 6 peer companies in the FMCG industry (Personal Care and Skin Care, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 3 smaller; the largest is Laxmi Organic Industries Limited with revenue of ₹3,010.8 Cr. The company has 16 MSME Form 1 returns on record between 2019 and 2023, listing 445 overdue payments to 105 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 vvfltd.com.
Company details
CIN history
VVF (India) has one previous CIN (Corporate Identification Number): U24296MH2010PTC210239. The current CIN is U24296MH2010PLC210239, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24296MH2010PLC210239 | Current |
| U24296MH2010PTC210239 | Previous |
Contact details
VVF (India) Limited's registered office is in Mumbai, Maharashtra. Its website is vvfltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address109 Opp. Sion Fort Garden Sion (East), Mumbai, Maharashtra, India – 400022
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of VVF (India) 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
VVF (India) operates two associated brands: VVF and DOY. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures consumer goods and processed food products | vvfltd.com | |
| Brand of soap | doyworld.com |
Business activity
The main business activity of VVF (India) is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of VVF (India) Limited, buy the company report.
Financials of VVF (India) Limited
FY 2025 filings availableVVF (India) Limited reported revenue of ₹2,538.9 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 25% growth in the latest year. EBITDA rose 186% 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 | ₹2,538.9 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹242.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹97.58 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 | |||||
| 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 | 9.5% | ||||
| Net Profit Margin | 3.8% | ||||
| 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 VVF (India) Limited, buy the company report.
Board of directors and KMP of VVF (India) Limited
VVF (India) Limited currently reports 6 directors and 1 key managerial person. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anant Vasudev Pednekar Also directs: Synergy India Marketing Private Limited | Director | 08 Jun 2020 | 6 Years 4 Months | Current |
| Milind Keshav Oak Also directs: Justo Realfintech Limited, Jans Bamboo Products Private Limited | Director | 12 May 2021 | 5 Years 5 Months | Current |
| Rustom Godrej Joshi Also directs: V V F Private Limited, Vita Oil Private Limited, Vitavon Life Private Limited and 4 more | Managing Director | 22 Nov 2010 | 15 Years 11 Months | Current |
| Bhavika Nilay Veera Also directs: Growthnext Ventures Private Limited, Rivet Ventures Private Limited, Vitality Hair India Private Limited and 3 more | Director | 11 Jul 2024 | 2 Years 3 Months | Current |
| Sundaresh Bhat Also directs: Hubergroup India Private Limited | Person Incharge | 16 Sep 2013 | 13 Years 1 Months | Current |
| Mohan Parshuram Sonar | Company Secretary | 01 Jun 2012 | 14 Years 4 Months | Current |
Peer comparison
VVF (India) Limited is compared with the 6 companies closest to it by revenue in the FMCG industry (Personal Care and Skin Care, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Laxmi Organic Industries Limited | ₹3,010.8 Cr (FY 2025) | 4.0% | Mahad, Maharashtra, India | |||
| Jyothy Labs Limited | ₹2,902.56 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Ameria Minchem Private Limited | ₹2,821.59 Cr (FY 2025) | 21.0% | Jaipur, Rajasthan, India | |||
| VVF (India) Limitedthis company | ₹2,538.9 Cr (FY 2025) | ₹97.58 Cr | 3.8% | 25.0% | 1,082 | Mumbai, Maharashtra, India |
| Tagros Chemicals India Private Limited | ₹2,458.65 Cr (FY 2025) | 32.0% | Chennai, Tamil Nadu, India | |||
| Aarti Drugs Limited | ₹2,403.39 Cr (FY 2025) | -5.0% | Thane, Maharashtra, India | |||
| Fine Organic Industries Limited | ₹2,366.75 Cr (FY 2025) | 8.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of VVF (India) Limited, buy the company report.
Auditor
VVF (India) Limited is audited by NPV & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NPV & Associates LLP | FY 2024 | 129408W/W100982 |
Shareholding
The shareholding of VVF (India) 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of VVF (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Aug 2025 | 101159180 | Others | ₹35 Cr | Open | |
| 24 Jun 2022 | 100591910 | Others | ₹518.75 Cr | Open | |
| 06 Jan 2017 | 100075041 | Others | ₹35.69 Cr | Satisfied | |
| 11 Sep 2014 | 10521498 | Others | ₹40 Cr | Satisfied | |
| 31 Jul 2014 | 10516405 | Others | ₹25 Cr | Satisfied |
To see the full charge records of VVF (India) Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
VVF (India) Limited has 14 deals on record (8 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹246.03 Cr; the latest was in March 2025.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Seller: V V F Private Limited |
| Mar 2025 | Rights issue | ₹14.94 Cr | Investors: Vitavon Life Private Limited , V V F Private Limited , 2 individuals |
| May 2024 | Secondary share transfer | Undisclosed | Buyer: Icici Bank Limited Seller: V V F Private Limited |
| Oct 2022 | Secondary share transfer | Undisclosed | Buyer: Vitavon Life Private Limited Seller: Fairwinds PE |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: V V F Private Limited Seller: Fairwinds PE |
To see the full deal history of VVF (India) 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
VVF (India) Limited has 227 court cases on record: 71 filed by VVF (India), 156 filed against it. 48 cases are pending and 179 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 142 | 120 | 31 |
| High courts | 72 | 27 | 15 |
| Supreme Court | 9 | 5 | 1 |
| NCLAT | 3 | 3 | 0 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 227)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP1) | Filed against the company by VVF Ltd. Employees Union | Pending |
| Bombay High Court | Writ petition | Filed by the company against VVF Limited Employees Union | Pending |
| High Court, HIMACHAL PRADESH | Writ petition | Filed by the company against JNTL Consumer Health (India) Private Limited(Not Applicable) and 6 others | Pending |
| High Court | Court case (CARBP) | Filed against the company by Bharat Petroleum Corporation Limited | Disposed |
| Supreme Court | Court case (Review Petition (Civil)) | Filed against the company by The VVF Limited Employees Union | Disposed |
To see the full case history of VVF (India) 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
VVF (India) Limited was last rated by Crisil on 24 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 24 Jul 2020 |
To see the full credit ratings and regulatory alerts of VVF (India) Limited, buy the company report.
MSME payment delays
VVF (India) Limited has 16 MSME Form 1 returns on record between 2019 and 2023, listing 445 overdue payments to 105 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 105)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Arrowhead Seperation Engineering Limited | |||
| an individual supplier | |||
| Print Smart Solution | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of VVF (India) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
VVF (India) Limited has a workforce of 1,082 employees on its EPFO records as of Dec 19, 2024, across 6 active EPFO establishments.
GST
VVF (India) has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV4970G1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 27AADCV4970G2Z2 | Maharashtra | Active | 31 Aug 2017 |
| 02AADCV4970G1ZF | Himachal Pradesh | Active | 01 Jul 2017 |
| 19AADCV4970G1Z0 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VVF (India) Limited, buy the company report.
Recent activity
VVF (India) Limited has 19 board changes on record since 2010: 7 appointments and 12 cessations. The latest: Manas Kumar Datta ceased to be CFO on 21 Nov 2025.
68 earlier events are in the company report.
News
Frequently asked questions
VVF (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 22 November 2010 (16+ years old) and is registered under CIN U24296MH2010PLC210239.
VVF (India) has 7 current directors and KMP:
- Rustom Godrej Joshi - Managing Director
- Anant Vasudev Pednekar - Director
- Milind Keshav Oak - Director
- Bhavika Nilay Veera - Director
- Karat Roger Viju Parameshwar - Director
- Sundaresh Bhat - Person Incharge
- Mohan Parshuram Sonar - Company Secretary
The latest financial statements of VVF (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of VVF (India) is 27AADCV4970G1Z3, registered in Maharashtra. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 27AADCV4970G2Z2 (Maharashtra), 02AADCV4970G1ZF (Himachal Pradesh), 19AADCV4970G1Z0 (West Bengal).
The CIN (Corporate Identification Number) of VVF (India) is U24296MH2010PLC210239. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VVF (India) has 227 court cases on record: 71 filed by the company and 156 filed against it. 48 are pending. Most are in the district courts.
VVF (India) was incorporated on 22 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
VVF (India) has 14 deals on record (8 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹246.03 Cr; the latest was in March 2025.
The peers of VVF (India) by revenue are Laxmi Organic Industries Limited, Jyothy Labs Limited, Ameria Minchem Private Limited, Tagros Chemicals India Private Limited, Aarti Drugs Limited and 1 more, all in the FMCG industry (Personal Care and Skin Care, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Manas Kumar Datta ceased to be CFO on 21 Nov 2025. Bhavika Nilay Veera was appointed as Director on 11 Jul 2024. Faraz Godrej Joshi ceased to be Director on 01 Oct 2022. VVF (India) has 19 board changes on record in total.
VVF (India) has 16 MSME Form 1 returns on record between 2019 and 2023, listing 445 overdue payments to 105 micro and small suppliers. The latest return was filed on 17 Oct 2023.
VVF (India) can be reached through the website vvfltd.com. Its registered office is in Mumbai, Maharashtra, India.