About Veepal IT Services Private Limited
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Veepal IT Services Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2011PTC065043. Its GSTIN is 24AADCV6383M1ZT (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bijal Vipal Panchal and Vipal Chandrakantbhai Panchal.
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 J/104 Srajan Towers Memnagar Vastrapur Satellite, Ahmedabad, Gujarat, India – 380052.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.87 Lakh, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹35,875 (net margin -7.4%) and EBITDA of -₹2,284 (EBITDA margin -0.5%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years and 30% over five years.
The company is associated with 1 brand: Veepal IT Services.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veepal.com.
Company details
Contact details
Veepal IT Services Private Limited's registered office is in Ahmedabad, Gujarat. Its website is veepal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressJ/104 Srajan Towers Memnagar Vastrapur Satellite, Ahmedabad, Gujarat, India – 380052
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Veepal IT Services 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
Brands
Veepal IT Services operates one associated brand: Veepal IT Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides web, mobile, and enterprise services. | veepal.com |
Business activity
The main business activity of Veepal IT Services is information and communication. In detail, this covers information service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 63 | Information service activities |
To see the full business activity and turnover split of Veepal IT Services Private Limited, buy the company report.
Financials of Veepal IT Services Private Limited
FY 2025 filings availableVeepal IT Services Private Limited reported revenue of ₹4.87 Lakh (down 66% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 66% fall in the latest year. EBITDA rose 100% 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 |
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| EBITDA | -₹2,284 | ||||
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| Net Profit (PAT) | -₹35,875 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -0.5% | ||||
| Net Profit Margin | -7.4% | ||||
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To see the full financial statements and ratios of Veepal IT Services Private Limited, buy the company report.
Board of directors of Veepal IT Services Private Limited
Veepal IT Services 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 |
|---|---|---|---|---|
| Bijal Vipal Panchal | Director | 03 Apr 2018 | 8 Years 6 Months | Current |
| Vipal Chandrakantbhai Panchal | Director | 20 Apr 2011 | 15 Years 6 Months | Current |
Peer comparison
Veepal IT Services Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (information service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S2tab Software Private Limited | ₹4.9 Lakh (FY 2025) | Pune, Maharashtra, India | ||||
| Mindmap IT Solution Private Limited | ₹4.88 Lakh (FY 2025) | -28.0% | Pune, Maharashtra, India | |||
| Carbonx Esg Consulting Private Limited | ₹4.87 Lakh (FY 2025) | 5432.0% | Mohali, Punjab, India | |||
| Apexbytecraft Services Private Limited | ₹4.87 Lakh (FY 2025) | Etah, Uttar Pradesh, India | ||||
| Quantum Quill Digital Private Limited | ₹4.87 Lakh (FY 2025) | -68.0% | Gurgaon, Haryana, India | |||
| Veepal IT Services Private Limitedthis company | ₹4.87 Lakh (FY 2025) | -₹35,875 | -7.4% | -66.0% | Ahmedabad, Gujarat, India | |
| Tehan Technologies Private Limited | ₹4.86 Lakh (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Digipub News India Foundation | ₹4.84 Lakh (FY 2025) | -60.0% | New Delhi, Delhi, India | |||
| Sugran Infrastructure Private Limited | ₹4.82 Lakh (FY 2025) | -40.0% | Ahmednagar, Maharashtra, India | |||
| Yojito Software Private Limited | ₹4.8 Lakh (FY 2024) | -93.0% | Pune, Maharashtra, India | |||
| Palmpower India Handheld Applications Private Limited | ₹4.8 Lakh (FY 2025) | -61.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Veepal IT Services Private Limited, buy the company report.
Auditor
Veepal IT Services Private Limited is audited by M.PARMAR & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.PARMAR & CO. | FY 2017 | 010586C |
Shareholding
The shareholding of Veepal IT Services Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Veepal IT Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Veepal IT Services Private 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 Veepal IT Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Veepal IT Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCV6383M1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Veepal IT Services Private Limited, buy the company report.
Recent activity
Veepal IT Services Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Bijal Vipal Panchal was appointed as Director on 03 Apr 2018.
Frequently asked questions
Veepal IT Services is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 April 2011 (15+ years old) and is registered under CIN U72200GJ2011PTC065043.
Veepal IT Services has 2 current directors:
- Bijal Vipal Panchal - Director
- Vipal Chandrakantbhai Panchal - Director
The latest financial statements of Veepal IT Services 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 Veepal IT Services is 24AADCV6383M1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Veepal IT Services is U72200GJ2011PTC065043. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veepal IT Services was incorporated on 20 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Veepal IT Services by revenue are S2tab Software Private Limited, Mindmap IT Solution Private Limited, Carbonx Esg Consulting Private Limited, Apexbytecraft Services Private Limited, Quantum Quill Digital Private Limited and 5 more, all in the same principal business activity (information service activities).
Bijal Vipal Panchal was appointed as Director on 03 Apr 2018. Hiren Chandrakant Panchal ceased to be Director on 01 Apr 2018. Vipal Chandrakantbhai Panchal was appointed as Director on 20 Apr 2011.
Veepal IT Services can be reached through the website veepal.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Veepal IT Services is at J104 Srajan Towers Memnagar Vastrapur Satellite, Ahmedabad, Gujarat, India – 380052.
Veepal IT Services operates in the information technology industry, in the application development and software solutions segment.