India's Richest People 2026 edition · 1 director · Source: Hurun India
- #416 Kunal Naresh Shah ₹8,900 Cr
Revenue · FY 2025
₹41.17 Cr
▲ 32.11% YoY
Net profit · FY 2025
₹71.35 Cr
Net margin 173.3%
EBITDA · FY 2025
-₹9.56 Cr
EBITDA margin -23.2%
Authorised capital
₹27.65 Lakh
Registered with MCA
Paid-up capital
₹3.53 Lakh
Issued & subscribed
Satisfied charges
₹6 Cr
No open charges
Company age
14 yrs
Est. 2012
Employees · EPFO
276
Provident fund records
About Va Tech Ventures Private Limited
Data last updated:
Va Tech Ventures Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Dreamplug Technologies Private Limited. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 04 July 2012 and has been in existence for over 14 years.
Its director Kunal Naresh Shah is #416 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2012PTC086479. Its GSTIN is 29AAECV1948B2ZB (Karnataka). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹27.65 Lakh and a paid-up capital of ₹3.53 Lakh. It is led by directors Kunal Naresh Shah and Rohan Shah Naresh.
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 Tech Park, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.17 Cr. For the same year it recorded a net profit of ₹71.35 Cr (net margin 173.3%) and EBITDA of -₹9.56 Cr (EBITDA margin -23.2%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years.
The company has about 276 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 3 brands: Travlinq, Happay and Verchaska. As per MCA filings, the company has satisfied charges of ₹6 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 14 deals on record (9 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹264.1 Cr; the latest was in November 2022. Its 10 peer companies in the same principal business activity (other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Corra Technology Research and Development India Private Limited with revenue of ₹41.33 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 203 overdue payments to 50 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 happay.com.
Company details
CIN U72200KA2012PTC086479
Registration Number 086479
Incorporation Date 04 July 2012
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Dreamplug Technologies Private Limited
Compliance Status Active Compliant
CIN history
Va Tech Ventures has one previous CIN (Corporate Identification Number): U72200WB2012PTC183459. The current CIN is U72200KA2012PTC086479, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA2012PTC086479 | Current |
| U72200WB2012PTC183459 | Previous |
Recognitions & Rankings of Va Tech Ventures
Contact details
Va Tech Ventures Private Limited's registered office is in Bangalore, Karnataka. Its website is happay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor Delta Block Sigma Soft – Tech Park No 7 Whitefield Mainroad Ramagodanahalli Var, Thur Hobli, Bangalore, Karnataka, India – 560066
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Va Tech Ventures Private Limited, buy the company report.
Comprehensive company report
Va Tech Ventures 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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Brands
Va Tech Ventures operates multiple associated brands including Travlinq, Happay, and Verchaska. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers APIs for hotel, flight, and travel service integrations. | travlinq.net | |
| Expense management software and corporate cards are offered to businesses. | happay.com | |
| SaaS software for travel industry transaction management is provided. | vesimplify.com |
Business activity
The main business activity of Va Tech Ventures is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Va Tech Ventures Private Limited, buy the company report.
Financials of Va Tech Ventures Private Limited
FY 2024 filings availableVa Tech Ventures Private Limited reported revenue of ₹41.17 Cr for FY 2025.
Revenue · FY 2025
₹41.17 Cr
Net profit · FY 2025
₹71.35 Cr margin 173.3%
EBITDA · FY 2025
-₹9.56 Cr margin -23.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 21%
EBITDA CAGR growth
1 year
▲ 55%
3 years · compounded
▲ 56%
5 years · compounded
▲ 28%
Revenue has declined at a compounded annual rate (CAGR) of 21% over three years. EBITDA rose 55% 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 |
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| EBITDA | -₹9.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹71.35 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -23.2% | ||||
| Net Profit Margin | 173.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Va Tech Ventures Private Limited, buy the company report.
Board of directors of Va Tech Ventures Private Limited
Va Tech Ventures has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunal Naresh Shah Also directs: Qed Innovation Labs LLP, Pociho Innovations LLP, Syrma SGS Technology Limited and 5 more | Director | 03 May 2022 | 4 Years 6 Months | Current |
| Rohan Shah Naresh Also directs: Qed Innovation Labs LLP, Pociho Innovations LLP, Dreampurse Technologies Private Limited and 5 more | Director | 03 May 2022 | 4 Years 6 Months | Current |
Peer comparison
Va Tech Ventures Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Corra Technology Research and Development India Private Limited | ₹41.33 Cr (FY 2025) | -22.0% | Kanayannur, Kerala, India | |||
| Apex Sourcing & Info Services Private Limited | ₹41.3 Cr (FY 2024) | 78.0% | New Delhi, Delhi, India | |||
| Extreme Infocom Private Limited | ₹41.28 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| Ascent Networks Private Limited | ₹41.27 Cr (FY 2024) | 41.0% | Mumbai, Maharashtra, India | |||
| Pinwheel Ventures Private Limited | ₹41.22 Cr (FY 2024) | 47.0% | Chennai, Tamil Nadu, India | |||
| Va Tech Ventures Private Limitedthis company | ₹41.17 Cr (FY 2025) | ₹71.35 Cr | 173.3% | 276 | Bangalore, Karnataka, India | |
| Catalyst Robotics and Automation Private Limited | ₹41.02 Cr (FY 2025) | 46.0% | Pune, Maharashtra, India | |||
| Innovel Energy Services Private Limited | ₹40.9 Cr (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| Guavus Network Systems Private Limited | ₹40.74 Cr (FY 2024) | -34.0% | New Delhi, Delhi, India | |||
| Prime Tech Solutions Private Limited | ₹40.62 Cr (FY 2016) | 157.0% | Gurgaon, Haryana, India | |||
| Nettlinx Limited | ₹40.62 Cr (FY 2025) | 23.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Va Tech Ventures Private Limited, buy the company report.
Auditor
Va Tech Ventures Private Limited is audited by S G M & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S G M & Associates LLP | FY 2023 | S200058 |
Shareholding
The shareholding of Va Tech Ventures 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 Va Tech Ventures Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Apr 2020 | 100335747 | Others | ₹6 Cr | Satisfied |
To see the full charge records of Va Tech Ventures Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Va Tech Ventures Private Limited has 14 deals on record (9 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹264.1 Cr; the latest was in November 2022.
Total deals
14
Funding rounds
9
Secondary share transfers
4
Rights issue
1
Disclosed funding
₹264.1 Cr
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2022 | Rights issue | ₹69.05 Cr | Investors: Dreamplug Technologies Private Limited |
| Sep 2022 | Funding round · Series B | ₹76.88 Cr | Investors: Dreamplug Technologies Private Limited |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: Dreamplug Technologies Private Limited , Dreamplug Technologies Private Limited & Kunal Shah Seller: Peak XV Partners (Sequoia India and SEA), Prime Venture Partners, 2 individuals |
| May 2022 | Funding round | ₹50.08 Cr | Investors: Dreamplug Technologies Private Limited |
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Va Tech Ventures 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
Va Tech Ventures Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed against the company by Altrade Hospitality Pvt. Ltd. | Disposed |
| District court, New Delhi, Delhi | Civil suit | Filed against the company by HT Media Ltd | Disposed |
To see the full case history of Va Tech Ventures 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
Va Tech Ventures Private Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 203 overdue payments to 50 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 50)
To see the full MSME payment records of Va Tech Ventures Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Va Tech Ventures has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Happay Finance Ventures Private Limited | U72900KA2019PTC126244 | |
| Varank Tech Private Limited | U72900MH2020PTC337913 |
To see the full group structure of Va Tech Ventures Private Limited, buy the company report.
Employees & EPFO
Va Tech Ventures Private Limited has a workforce of 276 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
276
Active EPFO establishments
1
Employee growth
-22.03%
GST
Va Tech Ventures has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECV1948B2ZB | Karnataka | Active | 28 Jun 2017 |
| 06AAECV1948B1ZK | Haryana | Active | 23 Mar 2019 |
| 27AAECV1948B1ZG | Maharashtra | Active | 20 Jul 2019 |
To see the full GST registrations and return filing status of Va Tech Ventures Private Limited, buy the company report.
Recent activity
Va Tech Ventures Private Limited has 6 board changes on record since 2012: 4 appointments and 2 cessations. The latest: Anshul Rai ceased to be Director on 03 May 2022.
AGM
Va Tech Ventures Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Va Tech Ventures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Anshul Rai ceased to be Director.
Appointed
Kunal Naresh Shah was appointed as Director.
Appointed
Rohan Shah Naresh was appointed as Director.
Ceased
Varun Rathi ceased to be Director.
Charges
A charge registered on 14 Apr 2020 via Charge ID 100335747 with Others was fully satisfied on 25 Feb 2022.
Charges
A charge with Others amounted to Rs. 600.00 Lakh with Charge ID 100335747 was registered on 14 Apr 2020.
Appointed
Anshul Rai was appointed as Director.
Appointed
Varun Rathi was appointed as Director.
Incorporation
04 Jul 2012
Va Tech Ventures Private Limited was registered on 04 Jul 2012 with Roc Bangalore & aged 14 years 4 months as per MCA records.
News
Frequently asked questions
Va Tech Ventures is an active private limited company based in Bangalore, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 04 July 2012 (14+ years old) and is registered under CIN U72200KA2012PTC086479.
Va Tech Ventures has 2 current directors:
- Kunal Naresh Shah - Director
- Rohan Shah Naresh - Director
The latest financial statements of Va Tech Ventures 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 Va Tech Ventures is 29AAECV1948B2ZB, registered in Karnataka. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAECV1948B1ZK (Haryana), 27AAECV1948B1ZG (Maharashtra).
The CIN (Corporate Identification Number) of Va Tech Ventures is U72200KA2012PTC086479. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Va Tech Ventures has 2 court cases on record: 2 filed against it. Most are in the district courts.
Va Tech Ventures was incorporated on 04 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Va Tech Ventures has 14 deals on record (9 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹264.1 Cr; the latest was in November 2022.
The peers of Va Tech Ventures by revenue are Corra Technology Research and Development India Private Limited, Apex Sourcing & Info Services Private Limited, Extreme Infocom Private Limited, Ascent Networks Private Limited, Pinwheel Ventures Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Anshul Rai ceased to be Director on 03 May 2022. Kunal Naresh Shah was appointed as Director on 03 May 2022. Rohan Shah Naresh was appointed as Director on 03 May 2022. Va Tech Ventures has 6 board changes on record in total.
Va Tech Ventures has 7 MSME Form 1 returns on record between 2019 and 2023, listing 203 overdue payments to 50 micro and small suppliers. The latest return was filed on 05 Nov 2023.
Va Tech Ventures can be reached through the website happay.com. Its registered office is in Bangalore, Karnataka, India.
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