Vaishali Securities Limited
About Vaishali Securities Limited
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Vaishali Securities Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 30 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65923GJ1995PLC026569. Its GSTIN is 24AAACV6249F1ZE (Gujarat).
The company has an authorised share capital of ₹3.75 Cr and a paid-up capital of ₹2.33 Cr. It was formerly known as Vaishali Securities Private Limited. It is led by directors including Vvn Lakshmi Kumari Akula and Nallam Venkata Sri Rama Chandra Rao.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹96.04 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹51.7 Lakh (net margin 53.8%) and EBITDA of ₹69.89 Lakh (EBITDA margin 72.8%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 31% over five years.
The company is associated with 1 brand: Finikash. Court records list 15 cases involving the company, including 11 filed by the company and 4 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Vaishali Securities has one previous CIN (Corporate Identification Number): U65923GJ1995PTC026569. The current CIN is U65923GJ1995PLC026569, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65923GJ1995PLC026569 | Current |
| U65923GJ1995PTC026569 | Previous |
Contact details
Vaishali Securities Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD – 504 Swati Crimson And Clover Nr. Shilaj Circle, Shilaj Daskroi, Ahmedabad, Gujarat, India – 380059
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Vaishali Securities 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
Vaishali Securities operates one associated brand: Finikash. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Instant personal loans through mobile app with fast approval and repayment options. | finikash.com |
Business activity
The main business activity of Vaishali Securities is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Vaishali Securities Limited, buy the company report.
Financials of Vaishali Securities Limited
FY 2025 filings availableVaishali Securities Limited reported revenue of ₹96.04 Lakh (up 215% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 215% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹96.04 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹69.89 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹51.7 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 72.8% | ||||
| Net Profit Margin | 53.8% | ||||
| 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 Vaishali Securities Limited, buy the company report.
Board of directors of Vaishali Securities Limited
Vaishali Securities has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vvn Lakshmi Kumari Akula Also directs: Xinotech Core Private Limited | Director | 19 Dec 2025 | 0 Years 10 Months | Current |
| Nallam Venkata Sri Rama Chandra Rao Also directs: Xinotech Core Private Limited | Director | 17 Mar 2025 | 1 Years 7 Months | Current |
| Krishna Murthy Manikanta | Director | 25 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
Vaishali Securities Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Veronia Tie-Up Pvt.Ltd. | ₹96.4 Lakh (FY 2022) | 28.0% | Kolkata, West Bengal, India | |||
| Ramaniya Finance and Investment Company Limited | ₹96.15 Lakh (FY 2025) | -10.0% | Ludhiana, Punjab, India | |||
| Mani Market Creaters Ltd | ₹96.11 Lakh (FY 2025) | 480.0% | Gujarat, India | |||
| Gangadham Tracon Pvt Ltd | ₹96.07 Lakh (FY 2024) | 2.0% | Kolkata, West Bengal, India | |||
| Vaishali Securities Limitedthis company | ₹96.04 Lakh (FY 2024) | ₹51.7 Lakh | 53.8% | 215.0% | Ahmedabad, Gujarat, India | |
| Udita Finance & Leasing Company Ltd | ₹96 Lakh (FY 2025) | -20.0% | Kolkata, West Bengal, India | |||
| G D Betala Finance Private Limited | ₹95.84 Lakh (FY 2025) | -3.0% | Guwahati, Assam, India | |||
| B.S. Holdings & Trading Private Limited | ₹95.79 Lakh (FY 2025) | -25.0% | Kolkata, West Bengal, India | |||
| Morarka Finance Limited | ₹95.79 Lakh (FY 2019) | -65.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Vaishali Securities Limited, buy the company report.
Auditor
Vaishali Securities Limited is audited by RAJKUMAR RATHI AND CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJKUMAR RATHI AND CO | FY 2024 | 006342C |
Shareholding
The shareholding of Vaishali Securities 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 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vaishali Securities Limited, buy the company report.
Legal cases
Vaishali Securities Limited has 15 court cases on record: 11 filed by Vaishali Securities, 4 filed against it. 5 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 3 | 5 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company | Pending |
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by an individual | Pending |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Vaishali Securities 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 Vaishali Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vaishali Securities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACV6249F1ZE | Gujarat | Active | 29 Feb 2024 |
To see the full GST registrations and return filing status of Vaishali Securities Limited, buy the company report.
Recent activity
Vaishali Securities Limited has 25 board changes on record since 2008: 11 appointments and 14 cessations. The latest: Vvn Lakshmi Kumari Akula was appointed as Director on 19 Dec 2025.
16 earlier events are in the company report.
Frequently asked questions
Vaishali Securities is an active public limited company based in Ahmedabad, Gujarat, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 30 June 1995 (31+ years old) and is registered under CIN U65923GJ1995PLC026569.
Vaishali Securities has 3 current directors:
- Vvn Lakshmi Kumari Akula - Director
- Nallam Venkata Sri Rama Chandra Rao - Director
- Krishna Murthy Manikanta - Director
The latest financial statements of Vaishali Securities 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 Vaishali Securities is 24AAACV6249F1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Vaishali Securities is U65923GJ1995PLC026569. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vaishali Securities has 15 court cases on record: 11 filed by the company and 4 filed against it. 5 are pending. Most are in the district courts.
Vaishali Securities was incorporated on 30 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Vaishali Securities by revenue are Veronia Tie-Up Pvt.Ltd, Ramaniya Finance and Investment Company Limited, Mani Market Creaters Ltd, Gangadham Tracon Pvt Ltd, Udita Finance & Leasing Company Ltd and 3 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Vvn Lakshmi Kumari Akula was appointed as Director on 19 Dec 2025. Alpesh Ravjibhai Vasoya ceased to be Director on 29 Apr 2025. Shilpa Alpesh Vasoya ceased to be Director on 29 Apr 2025. Vaishali Securities has 25 board changes on record in total.
The registered office of Vaishali Securities is at D – 504 Swati Crimson And Clover Nr. Shilaj Circle, Shilaj Daskroi, Ahmedabad, Gujarat, India – 380059.
Vaishali Securities operates in the financial services industry, in the investment and credit nbfc segment.
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