About Vashistha Industries Limited
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Vashistha Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 05 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51210GJ2006PLC048077. Its GSTIN is 24AACCV2498L2ZV (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Vaishali Agricomm and Mines Limited and Vaishali Agricomm and Mines Private Limited. It is led by directors including Kishorkumar Bachuram Kapdi (Managing Director) and Sameersingh Chauhan.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Office No 1002/A Pinnacle Building Corporate Road Vajalpur Prahladnagar, Ahmedabad, Gujarat, India – 380004.
As per the financials filed for FY 2021, the company reported a revenue of ₹52.03 Lakh, a decline of 65% compared to the previous year. For the same year it recorded a net loss of ₹99,077 (net margin -1.9%) and EBITDA of -₹22,296 (EBITDA margin -0.4%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years and 52% over five years.
As per MCA filings, the company has open charges of ₹10.65 Cr and satisfied charges of ₹1.75 Cr on record. Court records list 13 cases involving the company, including 8 filed by the company and 5 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vashisthaindia.com.
Company details
Name history
Vashistha Industries has undergone 3 name changes throughout its history. The company was previously known as Vaishali Agricomm And Mines Limited, Vaishali Agricomm And Mines Private Limited, and Vaishali Agricomm And Mines Limited. The current legal name is Vashistha Industries Limited.
| Company Name | Status |
|---|---|
| Vashistha Industries Limited | Current |
| Vaishali Agricomm And Mines Limited | Previous |
| Vaishali Agricomm And Mines Private Limited | Previous |
| Vaishali Agricomm And Mines Limited | Previous |
CIN history
Vashistha Industries has one previous CIN (Corporate Identification Number): U51210GJ2006PTC048077. The current CIN is U51210GJ2006PLC048077, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51210GJ2006PLC048077 | Current |
| U51210GJ2006PTC048077 | Previous |
Contact details
Vashistha Industries Limited's registered office is in Ahmedabad, Gujarat. Its website is vashisthaindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No 1002/A Pinnacle Building Corporate Road Vajalpur Prahladnagar, Ahmedabad, Gujarat, India – 380004
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Vashistha Industries 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 Vashistha Industries is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Vashistha Industries Limited, buy the company report.
Financials of Vashistha Industries Limited
FY 2021 filings availableVashistha Industries Limited reported revenue of ₹52.03 Lakh (down 65% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 52% over five years, including a 65% fall in the latest year. EBITDA fell 112% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹52.03 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹22,296 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹99,077 | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.4% | ||||
| Net Profit Margin | -1.9% | ||||
| 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 Vashistha Industries Limited, buy the company report.
Board of directors of Vashistha Industries Limited
Vashistha Industries has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishorkumar Bachuram Kapdi Also directs: Plaint & Plea Business Law House LLP, Multicomm Industries Limited, Selen Petrochem Private Limited and 1 more | Managing Director | 05 Apr 2006 | 20 Years 7 Months | Current |
| Sameersingh Chauhan | Additional Director | 05 Aug 2024 | 2 Years 3 Months | Current |
| Sagar Kapdi Also directs: Multicomm Industries Limited | Additional Director | 05 Aug 2024 | 2 Years 3 Months | Current |
Peer comparison
Vashistha Industries Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Malpani Trading Concern Pvt Ltd | ₹52.06 Lakh (FY 2024) | 41.0% | Kolkata, West Bengal, India | |||
| Revolving Earth Agro (India) Private Limited | ₹52.05 Lakh (FY 2022) | 39.0% | Lucknow, Uttar Pradesh, India | |||
| Inleague Sourcing India Private Limited | ₹52.05 Lakh (FY 2025) | -48.0% | Gurugram, Haryana, India | |||
| Labrose Ayurveda (OPC) Private Limited | ₹52.03 Lakh (FY 2022) | 23.0% | Karnal, Haryana, India | |||
| Budhsun Creations Private Limited | ₹52.03 Lakh (FY 2024) | -52.0% | Delhi, India | |||
| Vashistha Industries Limitedthis company | ₹52.03 Lakh (FY 2021) | -₹99,077 | -1.9% | -65.0% | Ahmedabad, Gujarat, India | |
| Myriad Pharmaceuticals Private Limited | ₹52.03 Lakh (FY 2025) | 10.0% | Nagpur, Maharashtra, India | |||
| Wyntash E-Com Private Limited | ₹52.02 Lakh (FY 2022) | -21.0% | Coimbatore, Tamil Nadu, India | |||
| Eklera Mata Farmer Producer Company Limited | ₹52.02 Lakh (FY 2024) | -22.0% | Sonkutch, Madhya Pradesh, India | |||
| Sawansukha Global Private Limited | ₹52.02 Lakh (FY 2021) | Kolkata, West Bengal, India | ||||
| Tee Dee Energy Private Limited | ₹52.02 Lakh (FY 2025) | 36.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Vashistha Industries Limited, buy the company report.
Auditor
Vashistha Industries Limited is audited by PRANAV S. SHAH & CO. for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRANAV S. SHAH & CO. | FY 2020 | 131635 |
Shareholding
The shareholding of Vashistha Industries Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vashistha Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jun 2014 | 10509469 | Bank of Maharashtra | ₹1.65 Cr | Open | |
| 23 Sep 2008 | 10124607 | Axis Bank | ₹9 Cr | Open | |
| 29 Feb 2008 | 10092182 | Syndicate Bank | ₹1.25 Cr | Satisfied | |
| 15 Jan 2007 | 10044106 | State Bank of Indore | ₹50 Lakh | Satisfied |
To see the full charge records of Vashistha Industries Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Vashistha Industries Limited has 13 court cases on record: 8 filed by Vashistha Industries, 5 filed against it. 4 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 2 | 2 |
| High courts | 5 | 1 | 1 |
| NCLT | 2 | 2 | 1 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by Axis Bank Limited | Pending |
| District court, kachchh at Bhuj, Gujarat | Civil suit | Filed by the company against Axis Bank Ltd | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Nitin Narang Resolution Professional for M/S.Afcan Impex Private Limited | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against Axis Bank Ltd | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Axis Bank Limited and 1 other | Disposed |
To see the full case history of Vashistha Industries 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 Vashistha Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vashistha Industries has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCV2498L2ZV | Gujarat | Active | 03 Jul 2017 |
To see the full GST registrations and return filing status of Vashistha Industries Limited, buy the company report.
Recent activity
Vashistha Industries Limited has 16 board changes on record since 2006: 3 appointments and 13 cessations. The latest: Anjali Kishor Kapdi ceased to be Additional Director on 05 Aug 2024.
14 earlier events are in the company report.
Frequently asked questions
Vashistha Industries is an active public limited company based in Ahmedabad, Gujarat, India. The company works in wholesale, within the trading industry. It was incorporated on 05 April 2006 (20+ years old) and is registered under CIN U51210GJ2006PLC048077.
Vashistha Industries has 3 current directors:
- Kishorkumar Bachuram Kapdi - Managing Director
- Sameersingh Chauhan - Additional Director
- Sagar Kapdi - Additional Director
The latest financial statements of Vashistha Industries on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Vashistha Industries is 24AACCV2498L2ZV, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Vashistha Industries is U51210GJ2006PLC048077. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vashistha Industries has 13 court cases on record: 8 filed by the company and 5 filed against it. 4 are pending. Most are in the district courts.
Vashistha Industries was incorporated on 05 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Vashistha Industries by revenue are Malpani Trading Concern Pvt Ltd, Revolving Earth Agro (India) Private Limited, Inleague Sourcing India Private Limited, Labrose Ayurveda (OPC) Private Limited, Budhsun Creations Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Anjali Kishor Kapdi ceased to be Additional Director on 05 Aug 2024. Hirenkumar Ashokbhai Patel ceased to be Additional Director on 05 Aug 2024. Sagar Kapdi was appointed as Additional Director on 05 Aug 2024. Vashistha Industries has 16 board changes on record in total.
Vashistha Industries can be reached through the website vashisthaindia.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Vashistha Industries is at Office No 1002A Pinnacle Building Corporate Road Vajalpur Prahladnagar, Ahmedabad, Gujarat, India – 380004.
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