About Vast Industries Private Limited
Data last updated:
Vast Industries Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Vast India Private Limited. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the woven packaging products segment of the packaging sector. It was incorporated on 02 May 2012.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2012PTC230526. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹2.2 Cr and a paid-up capital of ₹2.2 Cr. It was led by directors Vivek Chandel and Vikas Chandel.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at B – 821 Pranik Chamber Saki Vihar Road Sakinaka Andheri (East), Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.88 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net loss of ₹86.57 Lakh (net margin -46.2%) and EBITDA of -₹58.84 Lakh (EBITDA margin -31.4%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years.
As per MCA filings, the company had open charges of ₹9.41 Cr on record. Court records list 12 cases involving the company, including 3 filed by the company and 9 filed against it; 3 cases are pending.
The last known website on record is vastindia.com.
Company details
Contact details
Vast Industries Private Limited's registered office is in Mumbai, Maharashtra. Its website is vastindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 821 Pranik Chamber Saki Vihar Road Sakinaka Andheri (East), Mumbai, Maharashtra, India – 400072
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Vast Industries 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 Vast Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Vast Industries Private Limited, buy the company report.
Financials of Vast Industries Private Limited
FY 2019 filings availableVast Industries Private Limited reported revenue of ₹1.88 Cr (down 25% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 34% over three years, including a 25% fall in the latest year. EBITDA rose 2% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.88 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹58.84 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹86.57 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -31.4% | ||||
| Net Profit Margin | -46.2% | ||||
| 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 Vast Industries Private Limited, buy the company report.
Board of directors of Vast Industries Private Limited
Vast Industries has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Chandel | Director | 02 May 2012 | 14 Years 5 Months | As last reported |
| Vikas Chandel | Director | 07 Dec 2012 | 13 Years 10 Months | As last reported |
Peer comparison
Vast Industries Private Limited is compared with the 5 companies closest to it by revenue in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Ram Polysacks Private Limited | ₹1.93 Cr (FY 2025) | 1568.0% | Morbi, Gujarat, India | |||
| Vast Industries Private Limitedthis company | ₹1.88 Cr (FY 2019) | -₹86.57 Lakh | -46.2% | -25.0% | Mumbai, Maharashtra, India | |
| Bismee Polymers Private Limited | ₹1.78 Cr (FY 2019) | -66.0% | Chennai, Tamil Nadu, India | |||
| Shamco Plastics Pvt Ltd | ₹1.64 Cr (FY 2021) | -61.0% | Mumbai, Maharashtra, India | |||
| Sajjala Woven Sacks Private Limited | ₹1.56 Cr (FY 2025) | -42.0% | Medchal, Telangana, India | |||
| Pavan Poly Jute Private Limited | ₹1.55 Cr (FY 2025) | -20.0% | Doddaballapur, Karnataka, India |
To see the full peer comparison of Vast Industries Private Limited, buy the company report.
Auditor
Vast Industries Private Limited is audited by N R PANCHAL & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N R PANCHAL & CO | FY 2019 | 107279W |
Shareholding
The shareholding of Vast Industries Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Vast Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2013 | 10463614 | Union Bank Ofindia | ₹90 Lakh | Open | |
| 16 Jan 2013 | 10399174 | Union Bank of India | ₹7.26 Cr | Open | |
| 16 Jan 2013 | 10399176 | Union Bank Ofindia | ₹1.25 Cr | Open |
To see the full charge records of Vast Industries Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Vast Industries Private Limited has 12 court cases on record: 3 filed by Vast Industries, 9 filed against it. 3 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 8 | 3 |
| High courts | 2 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by M/S Kkalpana Industries ( India) Limited | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Blend Colours Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Ms Ultra Polymin Ltd | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by SCJ Plastics Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Ms Soltex Petroproducts Ltd | Pending |
To see the full case history of Vast Industries 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 Vast Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vast Industries has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Vast Industries Private Limited, buy the company report.
Recent activity
Vast Industries Private Limited has 3 board changes on record since 2012: 2 appointments and 1 cessation. The latest: Praveen Prabhakar Awatade ceased to be Director on 09 Jul 2014.
Frequently asked questions
Vast Industries has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Vast Industries was a private limited company based in Mumbai, Maharashtra, India. The company worked in woven packaging products, within the packaging industry. It was incorporated on 02 May 2012 and is registered under CIN U74999MH2012PTC230526. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Vast Industries was incorporated on 02 May 2012. It is registered with the Registrar of Companies, Mumbai.
Vast Industries had 2 directors:
- Vivek Chandel - Director
- Vikas Chandel - Director
The CIN (Corporate Identification Number) of Vast Industries is U74999MH2012PTC230526. 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 Vast Industries is at B – 821 Pranik Chamber Saki Vihar Road Sakinaka Andheri East, Mumbai, Maharashtra, India – 400072.
Vast Industries can be reached through the website vastindia.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Vast Industries on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Vast Industries has 2 GST registrations on record and all of them are cancelled or inactive.
Vast Industries operated in the packaging industry, in the woven packaging products segment.
The peers of Vast Industries by revenue are Shree Ram Polysacks Private Limited, Bismee Polymers Private Limited, Shamco Plastics Pvt Ltd, Sajjala Woven Sacks Private Limited, Pavan Poly Jute Private Limited, all in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).