MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0239061
Vega Power Private Limited - automotive in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹78.31 Cr
▼ 1% YoY
Net loss · FY 2024
₹88.8 Lakh
Net margin -1.1%
EBITDA · FY 2024
-₹37.02 Lakh
EBITDA margin -0.5%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹50 Lakh
Secured borrowings
Company age
18 yrs
Est. 2008
Directors on board
4
As per MCA filings
About Vega Power Private Limited
Data last updated:
Vega Power Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 14 May 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U46900GJ2008PTC053875. Its GSTIN is 24AACCV7419B1ZM (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Minaxiben Jayantilal Lapsiwala and Bhavin Jayantilal Lapsiwala.
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 G – 19 Heta Complex Nr. L. P. Savani School Adajan Road, Surat, Gujarat, India – 395009.
As per the financials filed for FY 2024, the company reported a revenue of ₹78.31 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹88.8 Lakh (net margin -1.1%) and EBITDA of -₹37.02 Lakh (EBITDA margin -0.5%). Revenue has grown at a compounded annual rate (CAGR) of 73% over three years and 84% over five years.
As per MCA filings, the company has open charges of ₹50 Lakh on record.
Vega Power Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0239061). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vegapower.co.in.
Company details
CIN U46900GJ2008PTC053875
Registration Number 053875
Incorporation Date 14 May 2008
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0239061
CIN history
Vega Power has one previous CIN (Corporate Identification Number): U31909GJ2008PTC053875. The current CIN is U46900GJ2008PTC053875, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U46900GJ2008PTC053875 | Current |
| U31909GJ2008PTC053875 | Previous |
Key People
Minaxiben Jayantilal Lapsiwala Director Bhavin Jayantilal Lapsiwala Director Janak Kantibhai Shah Director Recognitions & Rankings of Vega Power
Contact details
Vega Power Private Limited's registered office is in Surat, Gujarat. Its website is vegapower.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressG – 19 Heta Complex Nr. L. P. Savani School Adajan Road, Surat, Gujarat, India – 395009
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Vega Power Private Limited, buy the company report.
Comprehensive company report
Vega Power 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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Business activity
The main business activities of Vega Power are trade and manufacturing. In detail, this covers wholesale trading and repair & installation of machinery & equipment, motor vehicles. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Vega Power Private Limited, buy the company report.
Financials of Vega Power Private Limited
FY 2025 filings availableVega Power Private Limited reported revenue of ₹78.31 Cr (down 1% YoY) for FY 2024.
Revenue · FY 2024
₹78.31 Cr ▼ 1%
Net loss · FY 2024
₹88.8 Lakh margin -1.1%
EBITDA · FY 2024
-₹37.02 Lakh margin -0.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 73%
5 years · compounded
▲ 84%
EBITDA CAGR growth
1 year
▼ 117%
3 years · compounded
▼ 61%
5 years · compounded
▼ 211%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 84%. EBITDA fell 117% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹37.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹88.8 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.5% | ||||
| Net Profit Margin | -1.1% | ||||
| 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 Vega Power Private Limited, buy the company report.
Board of directors of Vega Power Private Limited
Vega Power has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Minaxiben Jayantilal Lapsiwala | Director | 14 May 2008 | 18 Years 6 Months | Current |
| Bhavin Jayantilal Lapsiwala | Director | 17 Jun 2013 | 13 Years 4 Months | Current |
| Janak Kantibhai Shah | Director | 14 May 2008 | 18 Years 6 Months | Current |
| Mona Kalpesh Shah | Director | 14 May 2008 | 18 Years 6 Months | Current |
Peer comparison
Vega Power Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Acoria International Private Limited | ₹79.11 Cr (FY 2025) | 42.0% | Anand, Gujarat, India | |||
| Renesola Solutions Private Limited | ₹78.57 Cr (FY 2025) | 248.0% | Umbergaon, Gujarat, India | |||
| Indian Overseas Corporation Private Limited | ₹78.31 Cr (FY 2025) | -4.0% | Delhi, India | |||
| Trax Times Electronics Private Limited | ₹78.31 Cr (FY 2025) | 36.0% | Bhubaneswar, Odisha, India | |||
| Vega Power Private Limitedthis company | ₹78.31 Cr (FY 2024) | -₹88.8 Lakh | -1.1% | -1.0% | Surat, Gujarat, India | |
| El Tech Power System Private Limited | ₹78.01 Cr (FY 2025) | 14.0% | Chennai, Tamil Nadu, India | |||
| Changfang Semiconductor Private Limited | ₹77.95 Cr (FY 2024) | 14.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Vega Power Private Limited, buy the company report.
Auditor
Vega Power Private Limited is audited by PARAS S SHAH & CO, for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARAS S SHAH & CO, | FY 2023 | 122586W |
Shareholding
The shareholding of Vega Power 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 Vega Power Private Limited, buy the company report.
Charges & borrowings
Open charges
₹50 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Dec 2020 | 100398948 | Others | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Vega Power 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 Vega Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vega Power has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCV7419B1ZM | Gujarat | Active | 01 Jul 2017 |
| 21AACCV7419B1ZS | Odisha | Active | 04 May 2022 |
To see the full GST registrations and return filing status of Vega Power Private Limited, buy the company report.
Recent activity
Vega Power Private Limited has 6 board changes on record since 2008: 4 appointments and 2 cessations. The latest: Bhavin Jayantilal Lapsiwala ceased to be Additional Director on 28 Sep 2013.
AGM
Vega Power Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vega Power Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 100398948 was registered on 01 Dec 2020.
Ceased
Bhavin Jayantilal Lapsiwala ceased to be Additional Director.
Appointed
Bhavin Jayantilal Lapsiwala was appointed as Director.
Ceased
Jayantlal Chhotalal Lapsiwala ceased to be Director.
Appointed
Janak Kantibhai Shah was appointed as Director.
Appointed
Minaxiben Jayantilal Lapsiwala was appointed as Director.
Appointed
Mona Kalpesh Shah was appointed as Director.
Incorporation
14 May 2008
Vega Power Private Limited was registered on 14 May 2008 with Roc Ahmedabad & aged 18 years 6 months as per MCA records.
Frequently asked questions
Vega Power is an active private limited company based in Surat, Gujarat, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 14 May 2008 (18+ years old) and is registered under CIN U46900GJ2008PTC053875.
Vega Power has 4 current directors:
- Minaxiben Jayantilal Lapsiwala - Director
- Bhavin Jayantilal Lapsiwala - Director
- Janak Kantibhai Shah - Director
- Mona Kalpesh Shah - Director
The latest financial statements of Vega Power 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 Vega Power is 24AACCV7419B1ZM, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 21AACCV7419B1ZS (Odisha).
The CIN (Corporate Identification Number) of Vega Power is U46900GJ2008PTC053875. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vega Power was incorporated on 14 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Vega Power by revenue are Acoria International Private Limited, Renesola Solutions Private Limited, Indian Overseas Corporation Private Limited, Trax Times Electronics Private Limited, El Tech Power System Private Limited and 1 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Bhavin Jayantilal Lapsiwala ceased to be Additional Director on 28 Sep 2013. Bhavin Jayantilal Lapsiwala was appointed as Director on 17 Jun 2013. Jayantlal Chhotalal Lapsiwala ceased to be Director on 17 Jun 2013. Vega Power has 6 board changes on record in total.
Yes, Vega Power is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0239061).
Vega Power can be reached through the website vegapower.co.in. Its registered office is in Surat, Gujarat, India.
The registered office of Vega Power is at G – 19 Heta Complex Nr. L. P. Savani School Adajan Road, Surat, Gujarat, India – 395009.
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