MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-OD-19-0000858
Market Cap
₹56.24 Cr
VDEAL-SM · NSE
Share Price
₹114.05
-0.83% today
Revenue
₹45.11 Cr
FY 2025-26 · +34.3% YoY
EBITDA
₹7.66 Cr
Margin 17.0%
Net Profit
₹4.17 Cr
FY 2025-26 · +4.5% YoY
P/E (TTM)
13.1x
P/B 1.8x
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹4.89 Cr
Issued & subscribed
About Vdeal System Limited
Data last updated:
Vdeal System Limited is a public limited company based in Jatni, Odisha, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 10 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN L31100OR2009PLC011396. Its GSTIN is 21AANCS6836J1Z0 (Odisha). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on NSE: VDEAL.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.89 Cr. It was formerly known as Swastik Energy System Private Limited. It is led by directors including Dhiraj Kochar (Managing Director) and Tapaswini Panda (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No. 4/A 4/B & 6 Janla Industrial Area, Jatni, Odisha, India – 752054.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹45.11 Cr, a growth of 34.3% compared to the previous year. For the same year it recorded a net profit of ₹4.17 Cr (net margin 9.2%) and EBITDA of ₹7.66 Cr (EBITDA margin 17%). The net worth stands at ₹29.8 Cr (up 16.2% YoY). Total assets are valued at ₹50.28 Cr (up 38.6% YoY).
The company has about 21 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vdeal System. As per MCA filings, the company has open charges of ₹13.2 Cr and satisfied charges of ₹10.74 Cr on record. The company has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 ipo), with disclosed funding of ₹97 Lakh; the latest was in August 2024. Its 9 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 5 smaller; the largest is S G Control & Switchgear Private Limited. with revenue of ₹33.95 Cr.
Vdeal System Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-19-0000858). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vdealsystem.com.
Company details
CIN L31100OR2009PLC011396
Registration Number 011396
Incorporation Date 10 December 2009
ROC Cuttack
Listing Status Listed (NSE: VDEAL)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-OD-19-0000858
CIN history
Vdeal System has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L31100OR2009PLC011396, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31100OR2009PLC011396 | Current |
| U31100OR2009PTC011396 | Previous |
| U31100OR2009PLC011396 | Previous |
Key People
Dhiraj Kochar Managing Director Tapaswini Panda Whole-Time Director Pashupati Nath Kundu Director Recognitions & Rankings of Vdeal System
Contact details
Vdeal System Limited's registered office is in Jatni, Odisha.
- Social Media
- Registered AddressPlot No. 4/A 4/B & 6 Janla Industrial Area, Jatni, Odisha, India – 752054
- IndustryEnergy and Power, Power Equipment Manufacturers
Comprehensive company report
Vdeal System Limited - one report that includes everything
- 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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Brands
Vdeal System operates one associated brand: Vdeal System. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electrical and automation solutions are provided for industrial projects. | vdealsystem.com |
Financials of Vdeal System Limited
FY 2025-26 filings availableVdeal System Limited reported revenue of ₹45.11 Cr (up 34.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹45.11 Cr
+34.3% YoY
EBITDA
₹7.66 Cr
+10.7% YoY
Profit After Tax
₹4.17 Cr
+4.5% YoY
Net Worth
₹29.80 Cr
+16.2% YoY
Total Assets
₹50.28 Cr
+38.6% YoY
Total Debt
₹20.48 Cr
+92.5% YoY
Revenue 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 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 45.11 | 33.58 | 26.22 | 24.38 | 19.00 | 16.57 |
| Revenue growth | +34.3% | +28.1% | +7.6% | +28.3% | +14.7% | - |
| EBITDA | 7.66 | 6.92 | 5.53 | 2.48 | 1.47 | 1.34 |
| EBITDA margin | +17.0% | +20.6% | +21.1% | +10.2% | +7.7% | +8.1% |
| Profit before tax | 5.83 | 5.33 | 4.26 | 1.49 | 0.29 | 0.31 |
| Net profit | 4.17 | 3.99 | 3.11 | 1.11 | 0.21 | 0.22 |
| Net profit margin | +9.2% | +11.9% | +11.9% | +4.6% | +1.1% | +1.3% |
| EPS (₹) | 8.51 | 8.16 | 9.50 | 369.55 | 77.54 | 76.80 |
| Balance sheet | ||||||
| Total assets | 50.28 | 36.29 | 15.70 | 9.66 | 8.73 | 8.36 |
| Net worth | 29.80 | 25.64 | 6.29 | 3.42 | 2.32 | 2.09 |
| Total debt | 20.48 | 10.64 | 9.41 | 6.23 | 6.42 | 6.28 |
| Cash & bank | 0.85 | 0.57 | 0.33 | 0.37 | 0.28 | 1.04 |
| Net working capital | 45.27 | 32.59 | 12.94 | 6.78 | 5.92 | 5.23 |
| Cash flow | ||||||
| Cash from operations | (6.37) | (13.78) | 1.35 | 1.12 | (0.12) | 1.37 |
| Cash from investing | (1.58) | (1.26) | (3.63) | (0.08) | (0.11) | (1.06) |
| Cash from financing | 8.23 | 15.28 | 2.24 | (0.94) | (0.53) | (0.13) |
| Particulars | Mar 2024 | Dec 2023 |
|---|---|---|
| Revenue | 12.17 | 6.23 |
| Other income | 0.01 | 0.00 |
| Total expenses | 9.61 | 5.11 |
| EBITDA | 2.56 | 1.12 |
| EBITDA margin | +21.0% | +18.0% |
| Depreciation | 0.07 | 0.01 |
| Interest | 0.32 | 0.46 |
| Profit before tax | 2.18 | 0.65 |
| Tax | 0.62 | 0.14 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 11 Nov 2026
| Particulars | Mar 2024 | Dec 2023 |
|---|---|---|
| Revenue | 12.17 | 6.23 |
| Other income | 0.01 | 0.00 |
| Total expenses | 9.61 | 5.11 |
| EBITDA | 2.56 | 1.12 |
| EBITDA margin | +21.0% | +18.0% |
| Depreciation | 0.07 | 0.01 |
| Interest | 0.32 | 0.46 |
| Profit before tax | 2.18 | 0.65 |
| Tax | 0.62 | 0.14 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 45.11 | 33.58 | 26.22 | 24.38 | 19.00 | 16.57 |
| Revenue growth | +34.3% | +28.1% | +7.6% | +28.3% | +14.7% | - |
| Other income | 0.18 | 0.02 | 0.03 | 0.03 | 0.05 | 0.05 |
| Total expenses | 37.45 | 26.66 | 20.69 | 21.90 | 17.53 | 15.23 |
| Employee cost | 0.00 | 1.96 | 1.80 | 1.60 | 1.24 | 1.26 |
| EBITDA | 7.66 | 6.92 | 5.53 | 2.48 | 1.47 | 1.34 |
| EBITDA margin | +17.0% | +20.6% | +21.1% | +10.2% | +7.7% | +8.1% |
| Depreciation | 0.41 | 0.30 | 0.20 | 0.19 | 0.48 | 0.36 |
| Interest | 1.60 | 1.31 | 1.10 | 0.83 | 0.75 | 0.72 |
| Profit before tax | 5.83 | 5.33 | 4.26 | 1.49 | 0.29 | 0.31 |
| Tax | 1.66 | 1.34 | 1.15 | 0.38 | 0.08 | 0.09 |
| Net profit | 4.17 | 3.99 | 3.11 | 1.11 | 0.21 | 0.22 |
| Net profit margin | +9.2% | +11.9% | +11.9% | +4.6% | +1.1% | +1.3% |
| EPS (₹) | 8.51 | 8.16 | 9.50 | 369.55 | 77.54 | 76.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 4.89 | 4.89 | 3.28 | 0.30 | 0.30 | 0.30 |
| Reserves & surplus | 24.91 | 20.75 | 3.01 | 3.12 | 2.02 | 1.79 |
| Shareholders' funds (net worth) | 29.80 | 25.64 | 6.29 | 3.42 | 2.32 | 2.09 |
| Secured loans | 8.80 | 4.80 | 3.84 | 3.14 | 3.76 | 3.84 |
| Unsecured loans | 11.68 | 5.84 | 5.57 | 3.09 | 2.66 | 2.44 |
| Total debt | 20.48 | 10.64 | 9.41 | 6.23 | 6.42 | 6.28 |
| Total liabilities | 50.28 | 36.29 | 15.70 | 9.66 | 8.73 | 8.36 |
| Assets | ||||||
| Gross block | 4.51 | 3.75 | 4.77 | 4.45 | 4.33 | 4.18 |
| Net block | 4.51 | 3.75 | 2.77 | 2.83 | 2.71 | 3.04 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 29.79 | 24.47 | 8.00 | 5.78 | 4.63 | 3.15 |
| Sundry debtors | 22.36 | 16.32 | 15.88 | 5.98 | 3.37 | 3.62 |
| Cash & bank balances | 0.85 | 0.57 | 0.33 | 0.37 | 0.28 | 1.04 |
| Loans & advances | 5.87 | 3.68 | 0.18 | 0.36 | 0.32 | 0.63 |
| Total current assets | 58.87 | 45.04 | 24.39 | 12.49 | 8.60 | 8.44 |
| Total current liabilities | 13.60 | 12.45 | 11.45 | 5.71 | 2.68 | 3.21 |
| Net working capital | 45.27 | 32.59 | 12.94 | 6.78 | 5.92 | 5.23 |
| Total assets | 50.28 | 36.29 | 15.70 | 9.66 | 8.73 | 8.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 0.57 | 0.33 | 0.37 | 0.28 | 1.04 | 0.85 |
| Net cash from operating activities | (6.37) | (13.78) | 1.35 | 1.12 | (0.12) | 1.37 |
| Net cash from investing activities | (1.58) | (1.26) | (3.63) | (0.08) | (0.11) | (1.06) |
| Net cash from financing activities | 8.23 | 15.28 | 2.24 | (0.94) | (0.53) | (0.13) |
| Net change in cash | 0.28 | 0.24 | (0.04) | 0.09 | (0.76) | 0.18 |
| Closing cash | 0.85 | 0.57 | 0.33 | 0.37 | 0.28 | 1.04 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +34.3% | +28.1% | +7.6% | +28.3% | +14.7% | - |
| EBITDA growth | +10.7% | +25.1% | +123.0% | +68.7% | +9.7% | - |
| PBT growth | +9.4% | +25.1% | +185.9% | +413.8% | -6.5% | +9997.0% |
| Net income growth | +4.5% | +28.3% | +180.2% | +428.6% | -4.6% | - |
| Revenue CAGR (3Y) | +22.8% | +20.9% | +16.5% | - | - | - |
| EBITDA CAGR (3Y) | +45.6% | +67.6% | +60.4% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +9.2% | +11.9% | +11.9% | +4.6% | +1.1% | +1.3% |
| Return on capital employed | - | +25.6% | +42.3% | +25.2% | +12.4% | +12.3% |
| Return on net worth | - | +25.0% | +64.1% | +38.3% | +10.4% | +11.0% |
| Debt / equity | - | 0.63 | 1.61 | 2.20 | 2.88 | 3.00 |
| Long-term debt / equity | - | 0.18 | 0.48 | 0.54 | 0.86 | 0.82 |
| Interest cover | 22.07 | 19.79 | 20.64 | 36.24 | 75.76 | 73.47 |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | 6.21 | 5.69 | 5.55 | 4.47 | 3.96 |
| Inventory turnover | - | 2.07 | 3.81 | 4.68 | 4.88 | 5.26 |
| Debtors turnover | - | 2.09 | 2.40 | 5.21 | 5.44 | 4.58 |
| EPS (₹) | 8.51 | 8.16 | 9.50 | 369.55 | 77.54 | 76.80 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 52.44 | 19.19 | 1,147.47 | 777.91 | 700.37 |
To see the full year-wise statements and ratios of Vdeal System Limited, buy the company report.
Board of directors of Vdeal System Limited
Vdeal System has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pashupati Nath Kundu Also directs: Inductus Limited | Director | 04 Mar 2024 | 2 Years 8 Months | Current |
| Dhiraj Kochar | Managing Director | 10 Dec 2009 | 16 Years 11 Months | Current |
| Tapaswini Panda | Whole-Time Director | 12 Apr 2021 | 5 Years 6 Months | Current |
| Ullas Pradhan | Director | 12 Nov 2025 | 0 Years 11 Months | Current |
| Brahmananda Patra | Director | 13 Nov 2023 | 2 Years 11 Months | Current |
| Tapan Kumar Tarania | Additional Director | 25 May 2026 | 0 Years 5 Months | Current |
Peer comparison
Vdeal System Limited is compared with the 9 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vdeal System Limitedthis company | ₹45.11 Cr (FY 2026) | ₹4.17 Cr | 9.2% | 34.3% | Jatni, Odisha, India | |
| S G Control & Switchgear Private Limited. | ₹33.95 Cr (FY 2024) | 39.0% | New Delhi, Delhi, India | |||
| Nomax Electrical Steel Private Limited | ₹33.94 Cr (FY 2025) | -6.0% | Kolkata, West Bengal, India | |||
| Power Matrix Solutions Private Limited | ₹33.86 Cr (FY 2025) | -15.0% | Navi Mumbai, Maharashtra, India | |||
| Vaibhav Energy Saving Equipments Private Limited | ₹33.69 Cr (FY 2025) | 16.0% | Nashik, Maharashtra, India | |||
| Kaizen Electricals Private Limited | ₹33.48 Cr (FY 2025) | -36.0% | Ahmedabad, Gujarat, India | |||
| Dharia Switchgears and Controls Private Limited | ₹33.48 Cr (FY 2024) | 20.0% | Mumbai, Maharashtra, India | |||
| Ranisati Wire Private Limited | ₹33.47 Cr (FY 2025) | -18.0% | Jaipur, Rajasthan, India | |||
| Khedda Insulation Systems Private Limited | ₹33.42 Cr (FY 2025) | 46.0% | Bangalore, Karnataka, India | |||
| Siddhivinayak Genset Private Limited | ₹33.42 Cr (FY 2024) | 24.0% | Khed, Maharashtra, India |
To see the full peer comparison of Vdeal System Limited, buy the company report.
Charges & borrowings
Open charges
₹13.2 Cr
Satisfied charges
₹10.74 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2026 | 101291245 | Sidbi | ₹1.2 Cr | Open | |
| 12 Nov 2024 | 101003483 | Yes Bank Limited | ₹12 Cr | Open | |
| 05 Sep 2023 | 100780122 | Karnataka Bank Ltd. | ₹1.55 Cr | Satisfied | |
| 05 Jan 2022 | 100529702 | Karnataka Bank Ltd. | ₹31.25 Lakh | Satisfied | |
| 02 Aug 2021 | 100465447 | Karnataka Bank Ltd. | ₹50 Lakh | Satisfied |
To see the full charge records of Vdeal System Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Vdeal System Limited has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 ipo), with disclosed funding of ₹97 Lakh; the latest was in August 2024.
Total deals
7
Secondary share transfers
4
Funding rounds
2
IPO
1
Disclosed funding
₹97 Lakh
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | IPO | ₹18.08 Cr | Investors: Ipo Shareholders - Vdeal System Limited |
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Nov 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Apr 2017 | Funding round | ₹88 Lakh | Investors: 3 individuals |
To see the full deal history of Vdeal System Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Vdeal System Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vdeal System Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vdeal System has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AANCS6836J1Z0 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vdeal System Limited, buy the company report.
Recent activity
Vdeal System Limited has 12 board changes on record since 2009: 7 appointments and 5 cessations. The latest: Tapan Kumar Tarania was appointed as Additional Director on 25 May 2026.
Appointed
Tapan Kumar Tarania was appointed as Additional Director.
Charges
A charge with Sidbi amounted to Rs. 1.20 Cr with Charge ID 101291245 was registered on 14 May 2026.
Filing
Vdeal System Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Cuttack.
Appointed
Ullas Pradhan was appointed as Director.
Charges
A charge with Yes Bank Limited of Rs. 12.00 Cr registered on 12 Nov 2024 with Charge ID 101003483 was modified on 16 Oct 2025.
AGM
Vdeal System Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Charges
A charge with Yes Bank Limited amounted to Rs. 12.00 Cr with Charge ID 101003483 was registered on 12 Nov 2024.
Charges
A charge registered on 02 Nov 2018 via Charge ID 100222526 with Karnataka Bank Ltd. was fully satisfied on 07 Nov 2024.
Charges
A charge registered on 05 Sep 2023 via Charge ID 100780122 with Karnataka Bank Ltd. was fully satisfied on 16 Sep 2024.
Charges
A charge registered on 05 Jan 2022 via Charge ID 100529702 with Karnataka Bank Ltd. was fully satisfied on 16 Sep 2024.
Charges
A charge registered on 24 Jun 2020 via Charge ID 100349400 with Karnataka Bank Ltd. was fully satisfied on 15 Jul 2024.
Charges
A charge registered on 02 Aug 2021 via Charge ID 100465447 with Karnataka Bank Ltd. was fully satisfied on 14 May 2024.
21 earlier events are in the company report.
News
Frequently asked questions
Vdeal System is an active public limited company based in Jatni, Odisha, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 10 December 2009 (17+ years old) and is registered under CIN L31100OR2009PLC011396. Listed on NSE: VDEAL.
Vdeal System reported revenue of ₹45.11 Cr for FY 2025-26 (up 34.3% YoY) based on standalone financials.
Vdeal System has 6 current directors:
- Dhiraj Kochar - Managing Director
- Tapaswini Panda - Whole-Time Director
- Pashupati Nath Kundu - Director
- Ullas Pradhan - Director
- Brahmananda Patra - Director
- Tapan Kumar Tarania - Additional Director
The latest financial statements of Vdeal System on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vdeal System is 21AANCS6836J1Z0, registered in Odisha. 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 Vdeal System is L31100OR2009PLC011396. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Vdeal System is a listed company as per MCA records. Its shares are listed on NSE (symbol: VDEAL).
Vdeal System was incorporated on 10 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Cuttack.
Vdeal System has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 ipo), with disclosed funding of ₹97 Lakh; the latest was in August 2024.
The peers of Vdeal System by revenue are S G Control & Switchgear Private Limited, Nomax Electrical Steel Private Limited, Power Matrix Solutions Private Limited, Vaibhav Energy Saving Equipments Private Limited, Kaizen Electricals Private Limited and 4 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Tapan Kumar Tarania was appointed as Additional Director on 25 May 2026. Ullas Pradhan was appointed as Director on 12 Nov 2025. Pashupati Nath Kundu ceased to be Additional Director on 27 Mar 2024. Vdeal System has 12 board changes on record in total.
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