MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-KL-02-0014172
Veegaland Developers Limited - real estate and construction in Ernakulam, Kerala, India. FY 2026 financials & compliance.
Active Listed - NSE: VEEGALAND · BSE: 544923 Public Limited Company real estate and construction MSME · Medium
Market Cap
₹677 Cr
VEEGALAND · NSE
Share Price
₹137.36
-1.06% today
Revenue
₹251 Cr
FY 2025-26 · +30.5% YoY
EBITDA
₹39.46 Cr
Margin 15.7%
Net Profit
₹26.61 Cr
FY 2025-26 · +30.1% YoY
ROE
16.0%
ROCE 13.7%
Debt / Equity
0.79
Interest cover 14.8x
Authorised capital
₹75 Cr
Registered with MCA
About Veegaland Developers Limited
Data last updated:
Veegaland Developers Limited is a public limited company based in Ernakulam, Kerala, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 10 August 2007 and has been in existence for over 19 years.
Its director Kochouseph Chittilappilly and family are #376 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U45201KL2007PLC021107. Its GSTIN is 32AACCV5457F1ZF (Kerala). It is a listed company as per MCA records. Its shares are listed on BSE: 544923 and NSE: VEEGALAND.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹48.75 Cr. It was formerly known as Vintes Developers Private Limited and Vintes Solutions Private Limited. It is led by directors including Kochouseph Thomas Chittilappilly (Whole-Time Director) and Bijoy Ambattu Bahuleyan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ernakulam, Kerala.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹250.98 Cr, a growth of 30.5% compared to the previous year. For the same year it recorded a net profit of ₹26.61 Cr (net margin 10.6%) and EBITDA of ₹39.46 Cr (EBITDA margin 15.7%). The net worth stands at ₹266.9 Cr (up 307.9% YoY). Total assets are valued at ₹357.39 Cr (up 41.4% YoY).
The company has about 60 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Veegaland Homes. As per MCA filings, the company has open charges of ₹112.71 Cr and satisfied charges of ₹1.47 Cr on record. Court records list 12 cases involving the company, including 10 filed by the company and 2 filed against it; 2 cases are pending. The company has 5 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹4.91 Cr; the latest was in September 2026. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 5 overdue payments to 1 micro and small supplier.
Veegaland Developers Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0014172). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veegaland.com.
Company details
CIN U45201KL2007PLC021107
Registration Number 021107
Incorporation Date 10 August 2007
ROC Ernakulam
Listing Status Listed - Listed on NSE (VEEGALAND); Listed on BSE (544923)
Company Status Active
Date of Last AGM 29 July 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KL-02-0014172
Name history
Veegaland Developers has undergone 3 name changes throughout its history. The company was previously known as Vintes Developers Private Limited, Vintes Solutions Private Limited, and Veegaland Developers Limited. The current legal name is Veegaland Developers Limited.
| Company Name | Status |
|---|---|
| Veegaland Developers Limited | Current |
| Vintes Developers Private Limited | Previous |
| Vintes Solutions Private Limited | Previous |
CIN history
Veegaland Developers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45201KL2007PLC021107, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201KL2007PLC021107 | Current |
| U72200KL2007PTC021107 | Previous |
| U45201KL2007PTC021107 | Previous |
Key People
Kochouseph Thomas Chittilappilly Whole-Time Director Bijoy Ambattu Bahuleyan Whole-Time Director Kurian Thomas Whole-Time Director Recognitions & Rankings of Veegaland Developers
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #376 Kochouseph Chittilappilly & family ₹9,900 Cr
Contact details
Veegaland Developers Limited's registered office is in Ernakulam, Kerala.
- Social Media
- Registered AddressXxxv/564 4th Floor K C F Tower, Bharat Matha College Road Kakkanadu, Ernakulam, Kerala, India – 682021
- IndustryReal Estate and Construction, Real Estate Builders & Developers
Comprehensive company report
Veegaland Developers 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Veegaland Developers operates one associated brand: Veegaland Homes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops and sells luxury residential apartments across various locations in Kerala. | veegaland.com |
Business activity
The main business activity of Veegaland Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Veegaland Developers Limited, buy the company report.
Financials of Veegaland Developers Limited
FY 2025-26 filings availableVeegaland Developers Limited reported revenue of ₹250.98 Cr (up 30.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹251 Cr
+30.5% YoY
EBITDA
₹39.46 Cr
+31.8% YoY
Profit After Tax
₹26.61 Cr
+30.1% YoY
Net Worth
₹267 Cr
+307.9% YoY
Total Assets
₹357 Cr
+41.4% YoY
Total Debt
₹85.59 Cr
-51.6% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 251 | 192 | 111 | 109 |
| Revenue growth | +30.5% | +73.7% | +1.7% | - |
| EBITDA | 39.46 | 29.93 | 12.88 | 23.04 |
| EBITDA margin | +15.7% | +15.6% | +11.6% | +21.2% |
| Profit before tax | 36.20 | 28.26 | 11.23 | 19.46 |
| Net profit | 26.61 | 20.45 | 7.87 | 14.53 |
| Net profit margin | +10.6% | +10.6% | +7.1% | +13.3% |
| EPS (₹) | 7.89 | 40.85 | 15.74 | 29.06 |
| Balance sheet | ||||
| Total assets | 357 | 253 | 180 | 178 |
| Net worth | 267 | 65.44 | 45.07 | 37.24 |
| Total debt | 85.59 | 177 | 120 | 122 |
| Cash & bank | 33.20 | 36.69 | 29.22 | 25.53 |
| Net working capital | 287 | 237 | 167 | 167 |
| Cash flow | ||||
| Cash from operations | (74.26) | (44.00) | 8.83 | 42.16 |
| Cash from investing | (19.80) | (0.24) | 1.87 | 0.65 |
| Cash from financing | 77.90 | 51.71 | (7.01) | (19.12) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 |
|---|---|---|---|---|---|---|
| Revenue | 106 | 74.32 | 70.33 | 56.49 | 82.66 | 41.50 |
| Revenue growth (YoY) | +28.7% | +79.1% | - | - | - | - |
| Other income | 2.43 | 1.30 | 1.56 | 0.64 | 0.48 | 0.50 |
| Total expenses | 85.99 | 61.31 | 57.57 | 47.73 | 70.32 | 35.90 |
| EBITDA | 20.35 | 13.01 | 12.76 | 8.76 | 12.34 | 5.60 |
| EBITDA margin | +19.1% | +17.5% | +18.1% | +15.5% | +14.9% | +13.5% |
| Depreciation | 0.24 | 0.22 | 0.22 | 0.21 | 0.15 | 0.14 |
| Interest | 1.08 | 1.10 | 1.51 | 1.25 | 1.29 | 1.67 |
| Profit before tax | 21.46 | 12.99 | 12.59 | 7.94 | 11.38 | 4.29 |
| Tax | 5.48 | 3.27 | 3.40 | 2.03 | 3.07 | 1.08 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 09 Nov 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 |
|---|---|---|---|---|---|---|
| Revenue | 106 | 74.32 | 70.33 | 56.49 | 82.66 | 41.50 |
| Revenue growth (YoY) | +28.7% | +79.1% | - | - | - | - |
| Other income | 2.43 | 1.30 | 1.56 | 0.64 | 0.48 | 0.50 |
| Total expenses | 85.99 | 61.31 | 57.57 | 47.73 | 70.32 | 35.90 |
| EBITDA | 20.35 | 13.01 | 12.76 | 8.76 | 12.34 | 5.60 |
| EBITDA margin | +19.1% | +17.5% | +18.1% | +15.5% | +14.9% | +13.5% |
| Depreciation | 0.24 | 0.22 | 0.22 | 0.21 | 0.15 | 0.14 |
| Interest | 1.08 | 1.10 | 1.51 | 1.25 | 1.29 | 1.67 |
| Profit before tax | 21.46 | 12.99 | 12.59 | 7.94 | 11.38 | 4.29 |
| Tax | 5.48 | 3.27 | 3.40 | 2.03 | 3.07 | 1.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 251 | 192 | 111 | 109 |
| Revenue growth | +30.5% | +73.7% | +1.7% | - |
| Other income | 3.18 | 3.84 | 3.85 | 1.17 |
| Total expenses | 212 | 162 | 97.89 | 85.87 |
| Employee cost | 11.49 | 9.03 | 7.27 | 7.08 |
| EBITDA | 39.46 | 29.93 | 12.88 | 23.04 |
| EBITDA margin | +15.7% | +15.6% | +11.6% | +21.2% |
| Depreciation | 0.72 | 0.47 | 0.41 | 0.42 |
| Interest | 5.72 | 5.04 | 5.09 | 4.33 |
| Profit before tax | 36.20 | 28.26 | 11.23 | 19.46 |
| Tax | 9.59 | 7.84 | 3.36 | 4.93 |
| Net profit | 26.61 | 20.45 | 7.87 | 14.53 |
| Net profit margin | +10.6% | +10.6% | +7.1% | +13.3% |
| EPS (₹) | 7.89 | 40.85 | 15.74 | 29.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 33.75 | 5.00 | 5.00 | 5.00 |
| Reserves & surplus | 233 | 60.44 | 40.07 | 32.24 |
| Shareholders' funds (net worth) | 267 | 65.44 | 45.07 | 37.24 |
| Secured loans | 31.80 | 1.35 | 0.15 | 0.75 |
| Unsecured loans | 53.79 | 176 | 120 | 121 |
| Total debt | 85.59 | 177 | 120 | 122 |
| Total liabilities | 357 | 253 | 180 | 178 |
| Assets | ||||
| Gross block | 24.14 | 3.36 | 2.49 | 2.06 |
| Net block | 22.60 | 2.54 | 1.72 | 1.70 |
| Capital work in progress | 0.26 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 288 | 219 | 152 | 144 |
| Sundry debtors | 45.15 | 27.40 | 10.52 | 6.39 |
| Cash & bank balances | 33.20 | 36.69 | 29.22 | 25.53 |
| Loans & advances | 46.63 | 27.88 | 16.67 | 8.09 |
| Total current assets | 413 | 311 | 208 | 184 |
| Total current liabilities | 126 | 73.98 | 40.72 | 17.17 |
| Net working capital | 287 | 237 | 167 | 167 |
| Total assets | 357 | 253 | 180 | 178 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 36.68 | 29.21 | 25.51 | 1.83 |
| Net cash from operating activities | (74.26) | (44.00) | 8.83 | 42.16 |
| Net cash from investing activities | (19.80) | (0.24) | 1.87 | 0.65 |
| Net cash from financing activities | 77.90 | 51.71 | (7.01) | (19.12) |
| Net change in cash | (16.16) | 7.48 | 3.69 | 23.69 |
| Closing cash | 33.20 | 36.69 | 29.22 | 25.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +30.5% | +73.7% | +1.7% | - |
| EBITDA growth | +31.8% | +132.4% | -44.1% | - |
| PBT growth | +28.1% | +151.7% | -42.3% | +9997.0% |
| Net income growth | +30.1% | +159.9% | -45.8% | - |
| Revenue CAGR (3Y) | +32.1% | - | - | - |
| EBITDA CAGR (3Y) | +19.6% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +10.6% | +10.6% | +7.1% | +13.3% |
| Return on capital employed | +13.7% | +15.4% | +9.1% | +13.3% |
| Return on net worth | +16.0% | +37.0% | +19.1% | +39.0% |
| Debt / equity | 0.79 | 2.69 | 2.94 | 3.28 |
| Long-term debt / equity | 0.40 | 1.71 | 1.18 | 0.31 |
| Interest cover | 14.77 | 17.11 | 40.82 | 19.14 |
| Efficiency & per share | ||||
| Fixed asset turnover | 18.25 | 65.77 | 48.69 | 52.87 |
| Inventory turnover | 0.99 | 1.04 | 0.75 | 0.76 |
| Debtors turnover | 6.92 | 10.15 | 13.10 | 17.04 |
| EPS (₹) | 7.89 | 40.85 | 15.74 | 29.06 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 79.08 | 130.89 | 90.14 | 74.48 |
To see the full year-wise statements and ratios of Veegaland Developers Limited, buy the company report.
Board of directors of Veegaland Developers Limited
Veegaland Developers has 7 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kochouseph Thomas Chittilappilly Also directs: K Chittilappilly Foundation | Whole-Time Director | 01 Sep 2010 | 16 Years 2 Months | Current |
| Balakrishnan Jayaraj Also directs: K Chittilappilly Foundation | Director | 01 Sep 2010 | 16 Years 2 Months | Current |
| Saraladevi Mecheriparambil Also directs: Maxvalue Credits and Investments Limited | Director | 01 Oct 2025 | 1 Years 1 Months | Current |
| Varriam Kandi Vijayakumar | Director | 01 Oct 2025 | 1 Years 1 Months | Current |
| George Joseph | Director | 01 Oct 2025 | 1 Years 1 Months | Current |
| Bijoy Ambattu Bahuleyan | Whole-Time Director | 01 Sep 2023 | 3 Years 2 Months | Current |
Showing 6 of 7 current directors. View all directors
Charges & borrowings
Open charges
₹112.71 Cr
Satisfied charges
₹1.47 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2026 | 101282939 | Others | ₹20 Cr | Open | |
| 19 Dec 2025 | 101208673 | Axis Bank Limited | ₹50 Cr | Open | |
| 28 Oct 2025 | 101182782 | The South Indian Bank Limited | ₹14.4 Cr | Open | |
| 22 Jan 2025 | 101046830 | The South Indian Bank Limited | ₹20 Cr | Open | |
| 11 Sep 2024 | 101030018 | Hdfc Bank Limited | ₹14 Lakh | Open |
To see the full charge records of Veegaland Developers Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Veegaland Developers Limited has 5 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹4.91 Cr; the latest was in September 2026.
Total deals
5
Secondary share transfers
2
Rights issue
1
Funding round
1
IPO
1
Disclosed funding
₹4.91 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | IPO | ₹210 Cr | Investors: EQ India Fund, Swyorn India Alpha Fund, Tiger Strategies Fund - | |
| Aug 2025 | Rights issue | ₹175 Cr | Investors: K Chittilappilly Trust, an individual |
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: K Chittilappilly Trust Seller: an individual |
| Feb 2011 | Funding round | ₹4.91 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Veegaland Developers Limited has 12 court cases on record: 10 filed by Veegaland Developers, 2 filed against it. 2 cases are pending and 10 are disposed.
Total cases
12
Filed by the company
10
Filed against the company
2
Pending
2
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 0 | 1 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Civil suit | Filed against the company by an individual | Pending |
| High Court of Kerala | Writ petition | Filed by the company against Union of India, | Pending |
| High Court of Kerala | Writ petition | Filed by the company against State of Kerala, | Disposed |
| High Court of Kerala | Writ petition | Filed by the company against State of Kerala | Disposed |
| District court, Thrissur, Kerala | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Veegaland Developers 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
Veegaland Developers Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 5 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sree Lakshmi Energy Systems Private Limited |
To see the full MSME payment records of Veegaland Developers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Veegaland Developers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AACCV5457F1ZF | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Veegaland Developers Limited, buy the company report.
Recent activity
Veegaland Developers Limited has 13 board changes on record since 2007: 7 appointments and 6 cessations. The latest: George Joseph was appointed as Director on 01 Oct 2025.
AGM
Veegaland Developers Limited last Annual general meeting of members was held on 29 Jul 2026 as per latest MCA records.
Charges
A charge registered on 30 Nov 2016 via Charge ID 100070067 with Others was fully satisfied on 07 May 2026.
Filing
Veegaland Developers Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ernakulam.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101282939 was registered on 31 Mar 2026.
Charges
A charge with Axis Bank Limited of Rs. 50.00 Cr registered on 19 Dec 2025 with Charge ID 101208673 was modified on 20 Dec 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 50.00 Cr with Charge ID 101208673 was registered on 19 Dec 2025.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 14.40 Cr with Charge ID 101182782 was registered on 28 Oct 2025.
Appointed
George Joseph was appointed as Director.
Appointed
Saraladevi Mecheriparambil was appointed as Director.
Appointed
Varriam Kandi Vijayakumar was appointed as Director.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 20.00 Cr with Charge ID 101046830 was registered on 22 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.14 Cr with Charge ID 101030018 was registered on 11 Sep 2024.
17 earlier events are in the company report.
News
Frequently asked questions
Veegaland Developers is an active public limited company based in Ernakulam, Kerala, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 10 August 2007 (19+ years old) and is registered under CIN U45201KL2007PLC021107. Listed on BSE: 544923 and NSE: VEEGALAND.
Veegaland Developers reported revenue of ₹250.98 Cr for FY 2025-26 (up 30.5% YoY) based on standalone financials.
Veegaland Developers has 7 current directors:
- Kochouseph Thomas Chittilappilly - Whole-Time Director
- Bijoy Ambattu Bahuleyan - Whole-Time Director
- Kurian Thomas - Whole-Time Director
- Balakrishnan Jayaraj - Director
- Saraladevi Mecheriparambil - Director
- Varriam Kandi Vijayakumar - Director
- George Joseph - Director
The latest financial statements of Veegaland Developers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Veegaland Developers is 32AACCV5457F1ZF, registered in Kerala.
The CIN (Corporate Identification Number) of Veegaland Developers is U45201KL2007PLC021107. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Veegaland Developers is a listed company as per MCA records. Its shares are listed on both BSE (code: 544923) and NSE (symbol: VEEGALAND).
Veegaland Developers has 12 court cases on record: 10 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Veegaland Developers was incorporated on 10 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ernakulam.
Veegaland Developers has 5 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹4.91 Cr; the latest was in September 2026.
George Joseph was appointed as Director on 01 Oct 2025. Saraladevi Mecheriparambil was appointed as Director on 01 Oct 2025. Varriam Kandi Vijayakumar was appointed as Director on 01 Oct 2025. Veegaland Developers has 13 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages