Vajresh Consultants Limited
About Vajresh Consultants Limited
Data last updated:
Vajresh Consultants Limited was a public limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Essar Satvision Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 30 January 2007.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U74110TN2007PLC085016.
The company had an authorised share capital of ₹405 Cr and a paid-up capital of ₹1.15 Cr. It was formerly known as Essar Capital Limited. It was led by directors including Dharmesh Ashwin Pansar and Kanchan Sadashiv Maske.
Its last annual general meeting (AGM) was held on 16 August 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Chennai, Tamil Nadu.
As per the financials filed for FY 2021, the company reported a revenue of ₹82.52 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹49.15 Lakh (net margin 59.6%) and EBITDA of ₹59.19 Lakh (EBITDA margin 71.7%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years.
Its group structure included 1 subsidiary.
As per MCA filings, the company had satisfied charges of ₹11,725 Cr on record. Court records list 10 cases involving the company, including 5 filed by the company and 5 filed against it; 2 cases are pending.
Company details
CIN history
Vajresh Consultants has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74110TN2007PLC085016, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110TN2007PLC085016 | Current |
| U65923TN2007PLC085016 | Previous |
| U65923MH2007PLC167381 | Previous |
Contact details
Vajresh Consultants Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA S K Building 1st Floor Room No 2 Old No 44 New No 57 C P Ramaswamy Road Abhiramapur, Am, Chennai, Tamil Nadu, India – 600018
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Vajresh Consultants 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
Financials of Vajresh Consultants Limited
FY 2021 filings availableVajresh Consultants Limited reported revenue of ₹82.52 Lakh (up 8320% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 59% over three years. EBITDA rose 163% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | ₹59.19 Lakh | ||||
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| Net Profit (PAT) | ₹49.15 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | 71.7% | ||||
| Net Profit Margin | 59.6% | ||||
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To see the full financial statements and ratios of Vajresh Consultants Limited, buy the company report.
Board of directors of Vajresh Consultants Limited
Vajresh Consultants has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharmesh Ashwin Pansar | Director | 20 Jan 2020 | 6 Years 9 Months | As last reported |
| Kanchan Sadashiv Maske | Director | 20 Jan 2020 | 6 Years 9 Months | As last reported |
| Vishal Sadashiv Maske | Director | 20 Jan 2020 | 6 Years 9 Months | As last reported |
Auditor
Vajresh Consultants Limited is audited by NISAR & KUMAR for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NISAR & KUMAR | FY 2017 | 127820W |
Shareholding
The shareholding of Vajresh Consultants 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 Vajresh Consultants Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Sep 2011 | 10311422 | Axis Trustee Services Limited | ₹725 Cr | Satisfied | |
| 15 Jul 2011 | 10300828 | Axis Trustee Services Limited | ₹2,000 Cr | Satisfied | |
| 22 Sep 2009 | 10177253 | Idbi Trusteeship Services Limited | ₹4,500 Cr | Satisfied | |
| 22 Sep 2009 | 10181472 | Idbi Trusteeship Services Limited | ₹4,500 Cr | Satisfied |
To see the full charge records of Vajresh Consultants Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Vajresh Consultants Limited has 10 court cases on record: 5 filed by Vajresh Consultants, 5 filed against it. 2 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 4 | 1 |
| NCLT | 3 | 0 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Tommorrowland Limited Managing Director | Pending |
| High Court of Delhi | Court case (FAO(OS)) | Filed against the company by Tommorrowland Limited | Disposed |
| High Court of Delhi | Court case (EX.P.) | Filed against the company by Tommorrowland Limited | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by Tommorrowland Limited | Disposed |
| High Court, TAMIL NADU | Court case (TCA) | Filed against the company by Commissioner of Income Tax | Pending |
To see the full case history of Vajresh Consultants 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 Vajresh Consultants Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vajresh Consultants has 1 subsidiary company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Essar Securities Limited | L65990TN2005PLC071791 |
To see the full group structure of Vajresh Consultants Limited, buy the company report.
GST
No GST registration is on our record for Vajresh Consultants Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vajresh Consultants Limited has 26 board changes on record since 2008: 3 appointments and 23 cessations. The latest: Dharmesh Ashwin Pansar ceased to be Additional Director on 18 Dec 2020.
28 earlier events are in the company report.
Frequently asked questions
Vajresh Consultants has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Vajresh Consultants was a public limited company based in Chennai, Tamil Nadu, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 30 January 2007 and is registered under CIN U74110TN2007PLC085016. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Vajresh Consultants was incorporated on 30 January 2007. It is registered with the Registrar of Companies, Chennai.
Vajresh Consultants had 3 directors:
- Dharmesh Ashwin Pansar - Director
- Kanchan Sadashiv Maske - Director
- Vishal Sadashiv Maske - Director
The CIN (Corporate Identification Number) of Vajresh Consultants is U74110TN2007PLC085016. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Vajresh Consultants is at A S K Building 1st Floor Room No 2 Old No 44 New No 57 C P Ramaswamy Road Abhiramapur, Am, Chennai, Tamil Nadu, India – 600018.
The latest financial statements of Vajresh Consultants on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 16 August 2021. Year-wise statements from 2015 are in the company report.
Vajresh Consultants operated in the financial services industry, in the brokerage and trading services segment.
Vajresh Consultants has 10 court cases on record: 5 filed by the company and 5 filed against it. 2 are pending. Most are in the high courts.
Dharmesh Ashwin Pansar ceased to be Additional Director on 18 Dec 2020. Kanchan Sadashiv Maske ceased to be Additional Director on 18 Dec 2020. Vishal Sadashiv Maske ceased to be Additional Director on 18 Dec 2020. Vajresh Consultants has 26 board changes on record in total.