About Vefes Engineering Private Limited
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Vefes Engineering Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 03 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40100MH2020PTC347160. Its GSTIN is 27AAHCV6353M1ZP (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kaustubh Rajesh Vagal and Ashok Gajanan Vagal.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.54 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹9.01 Lakh (net margin 5.9%) and EBITDA of ₹20.01 Lakh (EBITDA margin 13%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years.
The company is associated with 2 brands: Vefes Engineering and Vefes. As per MCA filings, the company has open charges of ₹2.5 Cr on record.
For more details, the company can be reached via its website vefes.in.
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- Registered Address602 6th Floor Lodha Supremus, Saki Vihar Road Opp Mtnl Office Powai, Mumbai, Maharashtra, India – 400072
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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
- One PDF report, delivered after checkout
Associated Brands with Vefes Engineering Private Limited
Vefes Engineering operates two associated brands: Vefes Engineering and Vefes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops innovative technologies for smart energy consumption monitoring. | vefesengineering.com | |
| Develops innovative technologies for solar energy projects. | vefes.in |
Competitors & Alternatives of Vefes Engineering Private Limited
Brands and companies operating in the same space as Vefes Engineering Private Limited include Landis+Gyr, Fourth Partner Energy, Danfoss and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Landis+Gyr | End-to-end energy management solutions are provided for utilities worldwide. | Zug, Switzerland | 1896 |
 Fourth Partner Energy | On-grid and off-grid solar solutions and products are provided. | Hyderabad, India | 2010 |
 Danfoss | Manufacturer of energy efficiency products | Nordborg, Denmark | 1933 |
 Span.IO | Smart panels for home energy management are provided by Span.IO. | San Francisco, United States | 2014 |
 Sense | AI-driven energy monitoring via sensors and mobile apps is provided. | Cambridge, United States | 2013 |
 GREW | Provider of a range of solar products and services | Ahmedabad, India | 2022 |
 Sukhbir Agro Energy | Renewable energy solutions are provided via solar and waste-to-energy initiatives. | Delhi, India | 1999 |
 Smart Joules | AI-powered energy management and HVAC solutions for buildings are provided. | Delhi, India | 2014 |
 Mahindra Susten | Turnkey EPC services for solar power plants are provided. | Mumbai, India | 2010 |
 Sterling And Wilson | EPC and MEP services are provided across diverse sectors. | Mumbai, India | 1927 |
Business Activity of Vefes Engineering Private Limited
The main business activity of Vefes Engineering is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Board of Directors of Vefes Engineering Private Limited
Vefes Engineering has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaustubh Rajesh Vagal | Director | 03 Oct 2020 | 6 Years 0 Months | Current |
| Ashok Gajanan Vagal Also directs: Vefes Estates LLP, Vefes AI Private Limited | Director | 03 Oct 2020 | 6 Years 0 Months | Current |
Financials of Vefes Engineering Private Limited FY 2025 filings available
Vefes Engineering Private Limited reported revenue of ₹1.54 Cr (down 32% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Vefes Engineering Private Limited
Revenue fell 32% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 41%. EBITDA fell 36% 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 of Vefes Engineering Private Limited
| Metrics | 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 | ₹20.01 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.01 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 of Vefes Engineering Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13% | •••• | •••• | •••• |
| Net Profit Margin | 5.9% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Vefes Engineering are in the company report.
Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Charges & Borrowings of Vefes Engineering Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jul 2025 | Others | ₹2.5 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Vefes Engineering Private Limited
Employment history and EPFO contributions of people linked to Vefes Engineering.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Vefes Engineering Private Limited
Vefes Engineering has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCV6353M1ZP | Maharashtra | Active | 20 Nov 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Vefes Engineering Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Vefes Engineering Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Vefes Engineering Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Vefes Engineering Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Vefes Engineering Private Limited
Frequently Asked Questions about Vefes Engineering Private Limited
Vefes Engineering is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 03 October 2020 (6+ years old) and is registered under CIN U40100MH2020PTC347160.
Vefes Engineering reported revenue of ₹1.54 Cr for FY 2024 (down 32% YoY).
Vefes Engineering has 2 current directors:
- Kaustubh Rajesh Vagal - Director
- Ashok Gajanan Vagal - Director
Vefes Engineering reported a net profit of ₹9.01 Lakh (net margin 5.9%) and EBITDA of ₹20.01 Lakh (EBITDA margin 13%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vefes Engineering is 41% over three years. In the latest year (FY 2024) revenue fell 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vefes Engineering is 27AAHCV6353M1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vefes Engineering is U40100MH2020PTC347160. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vefes Engineering was incorporated on 03 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Yes, Vefes Engineering is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).