V-Accurate Management Services Private Limited
About V-Accurate Management Services Private Limited
Data last updated:
V-Accurate Management Services Private Limited is a private limited company based in Pune, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 12 June 2009.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74910PN2009PTC134135. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It was formerly known as Accurate Labour Services Private Limited. It is led by directors Ramesh Aoundhakar and Ranjit Mansingh Jagtap.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹30.03 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹1.14 Cr (net margin 3.8%) and EBITDA of ₹2.05 Cr (EBITDA margin 6.8%).
As per MCA filings, the company has open charges of ₹5.01 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 1 case is pending.
Company details
Contact details
V-Accurate Management Services Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVidyadhar Heights 6th Floor Garud Ganpati Square Narayan Peth Laxm, I Road, Pune, Maharashtra, India – 411030
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of V-Accurate Management Services 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
Business activity
The main business activity of V-Accurate Management Services is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of V-Accurate Management Services Private Limited, buy the company report.
Financials of V-Accurate Management Services Private Limited
FY 2017 filings availableV-Accurate Management Services Private Limited reported revenue of ₹30.03 Cr (up 5% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year. EBITDA rose 5% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹30.03 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹2.05 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.14 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 6.8% | ||
| 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 | |||
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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 V-Accurate Management Services Private Limited, buy the company report.
Board of directors of V-Accurate Management Services Private Limited
V-Accurate Management Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Aoundhakar | Director | 25 Mar 2011 | 15 Years 7 Months | As last reported |
| Ranjit Mansingh Jagtap Also directs: Esteem Tecno Management Services LLP | Director | 12 Jun 2009 | 17 Years 5 Months | As last reported |
Peer comparison
V-Accurate Management Services Private Limited is compared with the 5 companies closest to it by revenue in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RVDK Labourhome Private Limited | ₹30.12 Cr (FY 2024) | 136.0% | Erode, Tamil Nadu, India | |||
| S. R. Sankaran HR Services Private Limited | ₹30.07 Cr (FY 2023) | 14.0% | Hyderabad, Telangana, India | |||
| Jconnect Infotech Private Limited | ₹30.05 Cr (FY 2025) | 22.0% | Delhi, India | |||
| V-Accurate Management Services Private Limitedthis company | ₹30.03 Cr (FY 2017) | ₹1.14 Cr | 3.8% | 5.0% | Pune, Maharashtra, India | |
| Bozon Technologies Private Limited | ₹30.03 Cr (FY 2025) | 41.0% | Kolkata, West Bengal, India | |||
| Omkar Manpower Solutions Private Limited | ₹29.98 Cr (FY 2024) | 124.0% | Kadi, Gujarat, India |
To see the full peer comparison of V-Accurate Management Services Private Limited, buy the company report.
Auditor
V-Accurate Management Services Private Limited is audited by P C PATIL & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P C PATIL & ASSOCIATES | FY 2017 | 123467W |
Shareholding
The shareholding of V-Accurate Management Services Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of V-Accurate Management Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jul 2018 | 100195319 | Tjsb Sahakari Bank Limited | ₹85 Lakh | Open | |
| 25 Aug 2016 | 100051768 | Tjsb Sahakari Bank Limited | ₹40 Lakh | Open | |
| 12 Jul 2016 | 100040092 | Tjsb Sahakari Bank Limited | ₹7 Lakh | Open | |
| 22 Dec 2015 | 10612129 | Tjsb Sahakari Bank Limited | ₹50 Lakh | Open | |
| 13 Apr 2015 | 10563992 | Tjsb Sahakari Bank Limited | ₹50 Lakh | Open |
To see the full charge records of V-Accurate Management Services Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
V-Accurate Management Services Private Limited has 6 court cases on record: 2 filed by V-Accurate Management Services, 4 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 1 |
| NCLAT | 3 | 3 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Yes Bank Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Department of State Tax | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Department of State Tax | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Filed by the company against Employees State Insurance Corporation and Other | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP.) | Filed by the company against an individual | Disposed |
To see the full case history of V-Accurate Management Services 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
No delayed payments to MSME suppliers are on our record for V-Accurate Management Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
V-Accurate Management Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of V-Accurate Management Services Private Limited, buy the company report.
Recent activity
V-Accurate Management Services Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Mansingh Bajirao Jagtap ceased to be Director on 01 Dec 2012.
7 earlier events are in the company report.
Frequently asked questions
V-Accurate Management Services is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
V-Accurate Management Services is a company under insolvency, formerly operating as a private limited company based in Pune, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 12 June 2009 and is registered under CIN U74910PN2009PTC134135. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
V-Accurate Management Services has 2 current directors:
- Ramesh Aoundhakar - Director
- Ranjit Mansingh Jagtap - Director
The latest financial statements of V-Accurate Management Services on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of V-Accurate Management Services is U74910PN2009PTC134135. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
V-Accurate Management Services has open charges of ₹5.01 Cr and no satisfied charges on record as per latest MCA filings.
V-Accurate Management Services has 6 court cases on record: 2 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
V-Accurate Management Services was incorporated on 12 June 2009. It is registered with the Registrar of Companies, Pune.
The peers of V-Accurate Management Services by revenue are RVDK Labourhome Private Limited, S. R. Sankaran HR Services Private Limited, Jconnect Infotech Private Limited, Bozon Technologies Private Limited, Omkar Manpower Solutions Private Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Mansingh Bajirao Jagtap ceased to be Director on 01 Dec 2012. Ramesh Aoundhakar ceased to be Additional Director on 30 Sep 2011. Premchand Chandrakant Patil ceased to be Director on 25 Mar 2011. V-Accurate Management Services has 5 board changes on record in total.
The registered office of V-Accurate Management Services is at Vidyadhar Heights 6th Floor Garud Ganpati Square Narayan Peth Laxm, I Road, Pune, Maharashtra, India – 411030.
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