MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0062635
Veas (India) Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹42.26 Cr
▼ 19% YoY
Net profit · FY 2025
₹2.63 Cr
Net margin 6.2%
EBITDA · FY 2025
₹4.25 Cr
EBITDA margin 10.1%
Authorised capital
₹5.67 Cr
Registered with MCA
Paid-up capital
₹4.09 Cr
Issued & subscribed
Satisfied charges
₹13.65 Cr
No open charges
Company age
27 yrs
Est. 1999
Directors on board
3
As per MCA filings
About Veas (India) Private Limited
Data last updated:
Veas (India) Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Vinci Energies India Private Limited. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 05 April 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA1999PTC025023. Its GSTIN is 29AABCV0955D1ZE (Karnataka).
The company has an authorised share capital of ₹5.67 Cr and a paid-up capital of ₹4.09 Cr. It is led by directors including Satheesha Hulimane Krishnamurthy and Arun Ramachandra.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at #3 Syno.89 Sir M Vishweshwaraiah Industrial Layout Alahalli Uttarahalli Hobli, Bangalore, Karnataka, India – 560062.
As per the financials filed for FY 2025, the company reported a revenue of ₹42.26 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹2.63 Cr (net margin 6.2%) and EBITDA of ₹4.25 Cr (EBITDA margin 10.1%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 6% over five years.
The company is associated with 1 brand: Vasundara Automation and Engineering services. As per MCA filings, the company has satisfied charges of ₹13.65 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it. The company has 6 deals on record (6 secondary share transfers); the latest was in June 2018. The company has 3 MSME Form 1 returns on record between 2021 and 2023, listing 19 overdue payments to 12 micro and small suppliers.
Veas (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0062635). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vasundara.com.
Company details
CIN U72900KA1999PTC025023
Registration Number 025023
Incorporation Date 05 April 1999
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Vinci Energies India Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0062635
Key People
Satheesha Hulimane Krishnamurthy Director Arun Ramachandra Director Jimmy Jeanmarc Neron Additional Director Recognitions & Rankings of Veas (India)
Contact details
Veas (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is vasundara.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#3 Syno.89 Sir M Vishweshwaraiah Industrial Layout Alahalli Uttarahalli Hobli, Bangalore, Karnataka, India – 560062
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Veas (India) Private Limited, buy the company report.
Comprehensive company report
Veas (India) Private 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
Veas (India) operates one associated brand: Vasundara Automation and Engineering services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Global network delivers design, build, and maintain services for industrial sectors. | vasundara.com |
Business activity
The main business activity of Veas (India) is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Veas (India) Private Limited, buy the company report.
Financials of Veas (India) Private Limited
FY 2025 filings availableVeas (India) Private Limited reported revenue of ₹42.26 Cr (down 19% YoY) for FY 2025.
Revenue · FY 2025
₹42.26 Cr ▼ 19%
Net profit · FY 2025
₹2.63 Cr margin 6.2%
EBITDA · FY 2025
₹4.25 Cr margin 10.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 13%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 46%
5 years · compounded
▲ 12%
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 19% fall in the latest year. EBITDA rose 6% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.63 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | 6.2% | ||||
| 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 Veas (India) Private Limited, buy the company report.
Board of directors of Veas (India) Private Limited
Veas (India) has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satheesha Hulimane Krishnamurthy | Director | 01 Nov 2006 | 20 Years 0 Months | Current |
| Arun Ramachandra Also directs: Vinci Energies India Private Limited | Director | 03 May 2000 | 26 Years 6 Months | Current |
| Jimmy Jeanmarc Neron Also directs: Vinci Energies India Private Limited | Additional Director | 21 Jul 2025 | 1 Years 3 Months | Current |
Auditor
Veas (India) Private Limited is audited by VASANTH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VASANTH & CO | FY 2023 | 008204S |
Shareholding
The shareholding of Veas (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Veas (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹13.65 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 2011 | 10299797 | Bank of India | ₹13.8 Lakh | Satisfied | |
| 16 Sep 2010 | 10248228 | Bank of India | ₹2.85 Lakh | Satisfied | |
| 31 Dec 2009 | 10198458 | Bank of India | ₹11.39 Lakh | Satisfied | |
| 07 Dec 2009 | 10192556 | Bank of India | ₹11.42 Cr | Satisfied | |
| 29 Aug 2009 | 10176497 | Bank of India | ₹55 Lakh | Satisfied |
To see the full charge records of Veas (India) Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Veas (India) Private Limited has 6 deals on record (6 secondary share transfers); the latest was in June 2018.
Total deals
6
Secondary share transfers
6
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: Vinci Energies India Private Limited Seller: 3 individuals |
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: Vinci Energies India Private Limited Seller: 4 individuals |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: Vinci Energies India Private Limited Seller: an individual |
| Nov 2012 | Secondary share transfer | Undisclosed | Buyer: Vinci Energies India Private Limited Seller: 2 individuals |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: Vinci Energies India Private Limited , 2 individuals Seller: 3 individuals |
To see the full deal history of Veas (India) Private 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
Veas (India) Private Limited has 6 court cases on record: 4 filed by Veas (India), 2 filed against it. All cases are disposed.
Total cases
6
Filed by the company
4
Filed against the company
2
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against Icici Lombard Gen Ins Co Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (AA) | Filed against the company by Tower Vision India Private Limied | Disposed |
| District court, Kollam, Kerala | Court case (OP (MV)) | Filed by the company against The New India Assurance Co. Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against Oriental Insu. Co. Ltd. | Disposed |
| District court, Chengalpattu, Tamil Nadu | Execution petition | Filed by the company against The Tamil Nadu Express Transport Corporation Ltd., | Disposed |
To see the full case history of Veas (India) 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
Veas (India) Private Limited has 3 MSME Form 1 returns on record between 2021 and 2023, listing 19 overdue payments to 12 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Siddhi Kabel Corporation Private Limited | |||
| Dynemech Systems Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Sri Ganapa Industries |
To see the full MSME payment records of Veas (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Veas (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCV0955D1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Veas (India) Private Limited, buy the company report.
Recent activity
Veas (India) Private Limited has 13 board changes on record since 2000: 4 appointments and 9 cessations. The latest: Jimmy Jeanmarc Neron was appointed as Additional Director on 21 Jul 2025.
AGM
Veas (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Jimmy Jeanmarc Neron was appointed as Additional Director.
Filing
Veas (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Ghislain Olagne ceased to be Additional Director.
Appointed
Ghislain Olagne was appointed as Director.
Ceased
Sriram Venkataraghavendra Vinay ceased to be Director.
Ceased
Manjunath Ramachandra ceased to be Director.
Ceased
Stephane Jacky Sylvain Toutain ceased to be Director.
Ceased
Panindra Krishnamurthy ceased to be Director.
Ceased
Vaithianathan Ramalingam ceased to be Director.
Ceased
Bernard Jeanclaude Latour ceased to be Director.
Ceased
Thierry Jacques Gerard Mouton ceased to be Director.
19 earlier events are in the company report.
Frequently asked questions
Veas (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 05 April 1999 (27+ years old) and is registered under CIN U72900KA1999PTC025023.
Veas (India) has 3 current directors:
- Satheesha Hulimane Krishnamurthy - Director
- Arun Ramachandra - Director
- Jimmy Jeanmarc Neron - Additional Director
The latest financial statements of Veas (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Veas (India) is 29AABCV0955D1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Veas (India) is U72900KA1999PTC025023. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veas (India) has 6 court cases on record: 4 filed by the company and 2 filed against it. Most are in the district courts.
Veas (India) was incorporated on 05 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
Veas (India) has 6 deals on record (6 secondary share transfers); the latest was in June 2018.
Jimmy Jeanmarc Neron was appointed as Additional Director on 21 Jul 2025. Ghislain Olagne ceased to be Additional Director on 27 Sep 2023. Ghislain Olagne was appointed as Director on 25 Apr 2023. Veas (India) has 13 board changes on record in total.
Yes, Veas (India) is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0062635).
Veas (India) has 3 MSME Form 1 returns on record between 2021 and 2023, listing 19 overdue payments to 12 micro and small suppliers. The latest return was filed on 23 Aug 2023.
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