About Vapi Enterprise Limited
Data last updated:
Vapi Enterprise Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 23 July 1974 and has been in existence for over 52 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L21010MH1974PLC032457. Its GSTIN is 24AAACV1259P1Z1 (Gujarat). The company holds 2 GST registrations, of which 1 is active. Its shares are listed on BSE: 502589.
The company has an authorised share capital of ₹3.2 Cr and a paid-up capital of ₹2.28 Cr. It was formerly known as Vapi Paper Mills Ltd. It is led by directors including Manoj Ramanbhai Patel (Managing Director) and Rajeev Ramanbhai Patel (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 213 Udyog Mandir2Nd Floor 87 – C Pitamber Mahim, Mumbai, Maharashtra, India – 400016.
The net worth stands at ₹37.1 Cr (up 4.21% YoY). Total assets are valued at ₹37.62 Cr (up 4.12% YoY).
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vapi Enterprise. As per MCA filings, the company has open charges of ₹1.37 Cr and satisfied charges of ₹11.16 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vapienterprise.com.
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- Registered Address213 Udyog Mandir2Nd Floor 87 – C Pitamber Mahim, Mumbai, Maharashtra, India – 400016
- IndustryFinancial Services, Real Estate Financing
- 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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CIN History of Vapi Enterprise
Vapi Enterprise has one previous CIN (Corporate Identification Number): L21010MH1984PLC032457. The current CIN is L21010MH1974PLC032457, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L21010MH1974PLC032457 | Current |
| L21010MH1984PLC032457 | Previous |
Associated Brands with Vapi Enterprise
Vapi Enterprise operates one associated brand: Vapi Enterprise. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Investment management services are provided by Vapi Enterprise since 1974. | vapienterprise.com |
Competitors & Alternatives of Vapi Enterprise
Brands and companies operating in the same space as Vapi Enterprise Limited include Fidelity Investments, UTI Mutual Fund, Goldman Sachs and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Fidelity Investments | Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | Boston, United States, United States | 1946 |
 UTI Mutual Fund | Mutual funds, portfolio management, and retirement planning services are offered. | Mumbai, India, India | 2001 |
 Goldman Sachs | Investment banking services are delivered across multiple financial sectors. | New York, United States, United States | 1869 |
 S&P Global | Platform offering business intelligence solutions that combine data and actionable analytics for clients | New York, United States, United States | 1917 |
 Sundaram Finance | Provider of consumer & SME loans and equipment & vehicle leasing services | Chennai, India, India | 1954 |
 Bank of America | Commercial banking and asset management services are offered worldwide. | Charlotte, United States, United States | 1904 |
 State Street | Financial services are provided to asset managers worldwide. | Boston, United States, United States | - |
 FIS | Software suites for banks and financial institutions are provided. | Jacksonville, United States, United States | 1968 |
 Avendus | Corporate advisory and investment services are provided to clients. | Mumbai, India, India | 1999 |
 360 One | Asset and wealth management software is provided for businesses. | Mumbai, India, India | 2008 |
Auditor Details of Vapi Enterprise
Vapi Enterprise Limited is audited by CHIRAG N SHAH AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CHIRAG N SHAH AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Vapi Enterprise Limited
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Vapi Enterprise Limited
Vapi Enterprise has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Ramanbhai Patel | Managing Director | 14 Aug 1998 | 28 Years 1 Months | Current |
| Rajeev Ramanbhai Patel | Whole-Time Director | 25 May 2004 | 22 Years 4 Months | Current |
| Himanshu Harish Ruia Also directs: Future Papers Private Limited | Director | 12 Feb 2016 | 10 Years 7 Months | Current |
| Mamta Rajan Gupta | Director | 28 Dec 2023 | 2 Years 9 Months | Current |
Financials of Vapi Enterprise Limited FY 2025-26 filings available
Vapi Enterprise Limited reported revenue of ₹- for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.00 | 0.00 | 0.00 | 1.43 | 1.43 | 2.31 | 2.50 |
| Revenue growth | +2.3% | -50.0% | -80.6% | +118.2% | -12.1% | -11.5% | -1.9% |
| EBITDA | (0.44) | (0.43) | (0.86) | (3.00) | (0.60) | 0.00 | (0.11) |
| EBITDA margin | - | - | - | -209.8% | -42.0% | 0.0% | -4.4% |
| Profit before tax | 1.98 | 1.74 | 1.25 | 48.99 | 0.39 | 0.36 | 0.52 |
| Net profit | 1.48 | 1.32 | 0.96 | 1.11 | 0.27 | 0.32 | 0.63 |
| Net profit margin | - | - | - | +77.6% | +18.9% | +13.9% | +25.2% |
| EPS (₹) | 6.55 | 5.77 | 3.65 | 168.71 | 1.12 | 1.36 | 2.25 |
| Balance sheet | |||||||
| Total assets | 37.62 | 36.13 | 34.81 | 34.01 | 3.04 | 3.18 | 2.86 |
| Net worth | 37.10 | 35.60 | 34.29 | 33.46 | (5.03) | (5.29) | (5.60) |
| Total debt | 0.47 | 0.47 | 0.47 | 0.47 | 7.29 | 7.51 | 7.73 |
| Cash & bank | 0.35 | 4.91 | 32.83 | 33.02 | 0.68 | 0.62 | 0.39 |
| Net working capital | 24.58 | 33.56 | 32.62 | 32.10 | 0.70 | 0.80 | 0.20 |
| Cash flow | |||||||
| Cash from operations | (6.91) | (30.09) | 8.89 | 7.81 | 0.04 | 0.44 | 0.40 |
| Cash from investing | 2.32 | 2.18 | 2.80 | 31.35 | 0.23 | 0.01 | (0.04) |
| Cash from financing | 0.03 | (0.02) | (11.88) | (6.82) | (0.22) | (0.22) | (0.09) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.58 | 0.62 | 0.56 | 0.60 | 0.62 | 0.60 | 0.57 | 0.51 |
| Revenue growth (YoY) | +9997.0% | +9997.0% | +9997.0% | +9997.0% | +9997.0% | +9997.0% | +9997.0% | +9997.0% |
| Other income | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.10 | 0.10 | 0.11 | 0.13 | 0.10 | 0.10 | 0.08 | 0.15 |
| EBITDA | 0.48 | 0.52 | 0.45 | 0.47 | 0.52 | 0.50 | 0.49 | 0.36 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.48 | 0.54 | 0.45 | 0.47 | 0.52 | 0.50 | 0.49 | 0.36 |
| Tax | 0.12 | 0.12 | 0.13 | 0.11 | 0.12 | 0.14 | 0.07 | 0.10 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.58 | 0.62 | 0.56 | 0.60 | 0.62 | 0.60 | 0.57 | 0.51 |
| Revenue growth (YoY) | +9997.0% | +9997.0% | +9997.0% | +9997.0% | +9997.0% | +9997.0% | +9997.0% | +9997.0% |
| Other income | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.10 | 0.10 | 0.11 | 0.13 | 0.10 | 0.10 | 0.08 | 0.15 |
| EBITDA | 0.48 | 0.52 | 0.45 | 0.47 | 0.52 | 0.50 | 0.49 | 0.36 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.48 | 0.54 | 0.45 | 0.47 | 0.52 | 0.50 | 0.49 | 0.36 |
| Tax | 0.12 | 0.12 | 0.13 | 0.11 | 0.12 | 0.14 | 0.07 | 0.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 1.43 | 1.43 | 2.31 | 2.50 |
| Revenue growth | +2.3% | -50.0% | -80.6% | +118.2% | -12.1% | -11.5% | -1.9% |
| Other income | 2.42 | 2.18 | 2.11 | 52.12 | 1.16 | 0.55 | 0.77 |
| Total expenses | 0.44 | 0.43 | 0.86 | 4.43 | 2.03 | 2.31 | 2.61 |
| Employee cost | 0.14 | 0.10 | 0.12 | 0.81 | 0.66 | 0.76 | 0.94 |
| EBITDA | (0.44) | (0.43) | (0.86) | (3.00) | (0.60) | 0.00 | (0.11) |
| EBITDA margin | - | - | - | -209.8% | -42.0% | 0.0% | -4.4% |
| Depreciation | 0.00 | 0.01 | 0.00 | 0.13 | 0.17 | 0.19 | 0.13 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Profit before tax | 1.98 | 1.74 | 1.25 | 48.99 | 0.39 | 0.36 | 0.52 |
| Tax | 0.48 | 0.43 | 0.41 | 10.50 | 0.13 | 0.05 | 0.00 |
| Net profit | 1.48 | 1.32 | 0.96 | 1.11 | 0.27 | 0.32 | 0.63 |
| Net profit margin | - | - | - | +77.6% | +18.9% | +13.9% | +25.2% |
| EPS (₹) | 6.55 | 5.77 | 3.65 | 168.71 | 1.12 | 1.36 | 2.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 |
| Reserves & surplus | 34.82 | 33.32 | 32.01 | 31.18 | (7.31) | (7.57) | (7.88) |
| Shareholders' funds (net worth) | 37.10 | 35.60 | 34.29 | 33.46 | (5.03) | (5.29) | (5.60) |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.47 | 0.47 | 0.47 | 0.47 | 7.29 | 7.51 | 7.73 |
| Total debt | 0.47 | 0.47 | 0.47 | 0.47 | 7.29 | 7.51 | 7.73 |
| Total liabilities | 37.62 | 36.13 | 34.81 | 34.01 | 3.04 | 3.18 | 2.86 |
| Assets | |||||||
| Gross block | 0.07 | 0.07 | 0.07 | 3.45 | 5.60 | 5.46 | 5.46 |
| Net block | 0.00 | 0.00 | 0.01 | 1.21 | 1.76 | 1.80 | 1.98 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.09 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.15 | 0.23 | 0.32 | 0.28 |
| Cash & bank balances | 0.35 | 4.91 | 32.83 | 33.02 | 0.68 | 0.62 | 0.39 |
| Loans & advances | 24.85 | 29.24 | 0.40 | 11.43 | 20.30 | 0.10 | 0.16 |
| Total current assets | 25.20 | 34.15 | 33.23 | 44.60 | 21.21 | 1.04 | 0.83 |
| Total current liabilities | 0.62 | 0.59 | 0.61 | 12.50 | 20.51 | 0.24 | 0.63 |
| Net working capital | 24.58 | 33.56 | 32.62 | 32.10 | 0.70 | 0.80 | 0.20 |
| Total assets | 37.62 | 36.13 | 34.81 | 34.01 | 3.04 | 3.18 | 2.86 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 4.91 | 32.83 | 33.02 | 0.68 | 0.62 | 0.39 | 0.11 |
| Net cash from operating activities | (6.91) | (30.09) | 8.89 | 7.81 | 0.04 | 0.44 | 0.40 |
| Net cash from investing activities | 2.32 | 2.18 | 2.80 | 31.35 | 0.23 | 0.01 | (0.04) |
| Net cash from financing activities | 0.03 | (0.02) | (11.88) | (6.82) | (0.22) | (0.22) | (0.09) |
| Net change in cash | (4.55) | (27.92) | (0.19) | 32.34 | 0.05 | 0.24 | 0.28 |
| Closing cash | 0.35 | 4.91 | 32.83 | 33.02 | 0.68 | 0.62 | 0.39 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9997.0% | +9997.0% | +9997.0% | 0.0% | -38.1% | -7.6% | +18.5% |
| EBITDA growth | -2.3% | +50.0% | +71.3% | -400.0% | +9997.0% | +9997.0% | +80.0% |
| PBT growth | +13.8% | +39.2% | -97.5% | - | +8.3% | -30.8% | +9998.0% |
| Net income growth | +12.1% | +37.5% | -13.5% | +311.1% | -15.6% | -49.2% | +1160.0% |
| Revenue CAGR (3Y) | -100.0% | -100.0% | -100.0% | -17.0% | -12.2% | -2.2% | +5.2% |
| EBITDA CAGR (3Y) | -47.3% | -10.5% | - | +201.0% | +2.9% | -100.0% | -38.4% |
| Profitability & leverage | |||||||
| Net income margin | - | - | - | +2691.6% | +18.2% | +13.4% | +20.8% |
| Return on capital employed | +5.3% | +4.9% | +4.1% | +5.6% | +2.3% | +2.1% | +6.2% |
| Return on net worth | +4.1% | +3.8% | +2.8% | +5.2% | +2.9% | +3.4% | +42.6% |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.27 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.24 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -4.17 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.00 | 0.00 | 0.00 | 0.32 | 0.26 | 0.42 | 0.46 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 7.53 | 5.20 | 7.70 | 8.93 |
| EPS (₹) | 6.55 | 5.77 | 3.65 | 168.71 | 1.12 | 1.36 | 2.25 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 162.62 | 156.07 | 150.30 | 146.66 | (22.05) | (23.17) | (24.53) |
Shareholding Pattern of Vapi Enterprise Limited
Shareholding for the quarter ended Jun 2026: promoters hold 38.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 61.60%.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|---|
| Promoters | 38.40% | 38.40% | 38.80% | 38.80% |
| Public | 61.60% | 61.60% | 61.20% | 61.20% |
Charges & Borrowings of Vapi Enterprise
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Jan 1986 | Gujarat Industrial Invesatment Corporation Limited | ₹77 Lakh | Open |
| 02 Nov 1974 | Gujarat Industrail Investmentcorporation Limioted | ₹30 Lakh | Open |
| 02 Nov 1974 | Gujarat Industrial Invesatment Corporation Limited | ₹30 Lakh | Open |
| 01 Jul 2006 | The Zoroastrian Co-Operative Bank Limited | ₹11.25 Lakh | Satisfied |
| 08 Feb 2006 | The Zoroastrian Co-Op; Bank Ltd. | ₹3 Cr | Satisfied |
Total charge records: 15 View all charges
Employees and EPFO Compliance at Vapi Enterprise
Vapi Enterprise Limited has a workforce of 23 employees as of Apr 06, 2024.
Employee and EPFO history for Vapi Enterprise Limited
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.
GST Compliance of Vapi Enterprise
Vapi Enterprise has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACV1259P1Z1 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance for Vapi Enterprise Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Vapi Enterprise
Credit ratings, litigation, and regulatory alerts for Vapi Enterprise Limited
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 Vapi Enterprise
MSME payment history for Vapi Enterprise Limited
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 Vapi Enterprise
Corporate group structure for Vapi Enterprise Limited
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.
MCA Filings & Documents of Vapi Enterprise
MCA filings and documents for Vapi Enterprise Limited
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.
Recent Activity on Vapi Enterprise
Recent News on Vapi Enterprise
Frequently Asked Questions about Vapi Enterprise Limited
Vapi Enterprise is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 23 July 1974 (52+ years old) and is registered under CIN L21010MH1974PLC032457. Listed on BSE: 502589.
Vapi Enterprise has 4 current directors:
- Manoj Ramanbhai Patel - Managing Director
- Rajeev Ramanbhai Patel - Whole-Time Director
- Himanshu Harish Ruia - Director
- Mamta Rajan Gupta - Director
The GSTIN of Vapi Enterprise is 24AAACV1259P1Z1, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Vapi Enterprise is L21010MH1974PLC032457. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Vapi Enterprise is listed on BSE with code 502589.
Vapi Enterprise was incorporated on 23 July 1974, making it 52+ years old. It is registered with the Registrar of Companies, Mumbai.
Vapi Enterprise can be reached through the website vapienterprise.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Vapi Enterprise is at 213 Udyog Mandir2Nd Floor 87 – C Pitamber Mahim, Mumbai, Maharashtra, India – 400016.
Vapi Enterprise has an authorised share capital of ₹3.2 Cr and a paid-up capital of ₹2.28 Cr.