V Stainless LLP
About V Stainless LLP
Data last updated:
V Stainless LLP is a limited liability partnership (LLP) based in Indore, Madhya Pradesh, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 21 August 2019 and has been in existence for over 7 years.
The LLP is registered with the Registrar of Companies (ROC), Gwalior, under LLPIN AAQ-3246. Its GSTIN is 23AASFV0546N1ZN (Madhya Pradesh). The LLP holds 3 GST registrations, all of them active.
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Yogesh Bhandari and Mayur Bhandari.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at 403 Shakun Vila 3/2 New Palasiya, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹171.57 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹48.14 Lakh (net margin 0.3%) and EBITDA of ₹1.18 Cr (EBITDA margin 0.7%). Revenue has grown at a compounded annual rate (CAGR) of 141% over three years.
As per MCA filings, the LLP has open charges of ₹24.42 Cr on record.
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- Registered Address403 Shakun Vila 3/2 New Palasiya, Indore, Madhya Pradesh, India – 452001
- IndustryManufacturing, Pipe & Tubes
- 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
- One PDF report, delivered after checkout
Financials of V Stainless LLP FY 2025 filings available
V Stainless LLP reported revenue of ₹171.57 Cr (up 21% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of V Stainless LLP
Revenue has grown at a compounded annual rate (CAGR) of 141% over three years, including 21% growth 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 of V Stainless LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Income and Expenditure | ||||
| Turnover | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹48.14 Lakh | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• |
| Assets and Liabilities | ||||
| Partners' Contribution | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• |
Financial Ratios of V Stainless LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| Net Profit Margin | 0.3% | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• |
| Liquidity and Debt | ||||
| Current Ratio | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• |
| Efficiency and Growth | ||||
| Asset Turnover | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• |
| Profit Growth | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of V Stainless are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Designated Partners of V Stainless LLP
V Stainless has 2 designated partners on record. No former designated partners are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogesh Bhandari Also directs: Yohan Technologies LLP, V Stainless Private Limited, Mayur Stainless Private Limited and 2 more | Designated Partner | 21 Aug 2019 | 7 Years 1 Months | Current |
| Mayur Bhandari Also directs: V Stainless Private Limited, Mayur Stainless Private Limited, Kinetic Industries Private Limited and 5 more | Designated Partner | 21 Aug 2019 | 7 Years 1 Months | Current |
Ownership and Shareholding of V Stainless LLP
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of V Stainless LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Jan 2025 | Axis Bank Limited | ₹3.8 Cr | Open |
| 21 Jan 2025 | Axis Bank Limited | ₹4.5 Cr | Open |
| 29 Mar 2024 | Axis Bank Limited | ₹1 Cr | Open |
| 30 Jan 2024 | Axis Bank Limited | ₹10.3 Cr | Open |
| 25 Oct 2023 | Bank of Baroda | ₹57.89 Lakh | Open |
Total charge records: 7 View all charges
Employees and EPFO Compliance at V Stainless LLP
Employment history and EPFO contributions of people linked to V Stainless.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on V Stainless LLP
V Stainless LLP has 2 designated partner changes on record since 2019: 2 appointments. The latest: Mayur Bhandari was appointed as Designated Partner on 21 Aug 2019.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for V Stainless LLP
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by V Stainless LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of V Stainless LLP
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of V Stainless LLP
V Stainless has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AASFV0546N1ZN | Madhya Pradesh | Active | 09 Sep 2019 |
| 27AASFV0546N1ZF | Maharashtra | Active | 24 Mar 2021 |
| 33AASFV0546N1ZM | Tamil Nadu | Active | 03 May 2023 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of V Stainless LLP
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about V Stainless LLP
V Stainless is an active limited liability partnership based in Indore, Madhya Pradesh, India. The LLP works in pipe and tubes, within the manufacturing industry. It was incorporated on 21 August 2019 (7+ years old) and is registered under LLPIN AAQ-3246.
V Stainless reported revenue of ₹171.57 Cr for FY 2023 (up 21% YoY).
V Stainless has 2 current designated partners:
- Yogesh Bhandari - Designated Partner
- Mayur Bhandari - Designated Partner
V Stainless reported a net profit of ₹48.14 Lakh (net margin 0.3%) and EBITDA of ₹1.18 Cr (EBITDA margin 0.7%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of V Stainless is 141% over three years. In the latest year (FY 2023) revenue rose 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of V Stainless is 23AASFV0546N1ZN, registered in Madhya Pradesh. The LLP has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AASFV0546N1ZF (Maharashtra), 33AASFV0546N1ZM (Tamil Nadu).
The LLPIN (Limited Liability Partnership Identification Number) of V Stainless is AAQ-3246. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
V Stainless was incorporated on 21 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Gwalior.
Mayur Bhandari was appointed as Designated Partner on 21 Aug 2019. Yogesh Bhandari was appointed as Designated Partner on 21 Aug 2019.
The registered office of V Stainless is at 403 Shakun Vila 32 New Palasiya, Indore, Madhya Pradesh, India – 452001.