Vegayan Systems Private Limited

Vegayan Systems Private Limited - telecom in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U72200MH2005PTC157495 Incorporated 23 November 2005 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company telecom MSME · Small
Data last updated
Revenue · FY 2025
₹10.41 Cr
▲ 59% YoY
Net profit · FY 2025
₹1.13 Cr
Net margin 10.8%
EBITDA · FY 2025
₹2.66 Cr
EBITDA margin 25.5%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹77.42 Lakh
Issued & subscribed
Open charges
₹2.16 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
26
Provident fund records

About Vegayan Systems Private Limited

Data last updated:

Vegayan Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the telecom network support segment of the telecommunications sector. It was incorporated on 23 November 2005 and has been in existence for over 21 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2005PTC157495. Its GSTIN is 27AACCV1637P1ZV (Maharashtra).

The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹77.42 Lakh. It is led by directors including Norbert Cyril Fernandes and Girish Prabhakar Saraph.

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 1116 11th Floor Kailas Business Park, Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹10.41 Cr, a growth of 59% compared to the previous year. For the same year it recorded a net profit of ₹1.13 Cr (net margin 10.8%) and EBITDA of ₹2.66 Cr (EBITDA margin 25.5%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years and 36% over five years.

The company has about 26 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Vegayan and 99Dots. As per MCA filings, the company has open charges of ₹2.16 Cr on record. The company has 19 deals on record (10 funding rounds, 8 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.7 Cr; the latest was in October 2022. Its 3 peer companies in the Information Technology industry (Software Services), with the same principal business activity (other information & communication service activities) are compared by revenue, 1 larger and 2 smaller; the largest is HLX International Private Limited with revenue of ₹10.59 Cr.

Vegayan Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0096696). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vegayan.com.

Company details

CIN U72200MH2005PTC157495
Registration Number 157495
Incorporation Date 23 November 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0096696
Key People
Norbert Cyril Fernandes Director Girish Prabhakar Saraph Director Soumitra Gajanan Wadalkar Director

Recognitions & Rankings of Vegayan Systems

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-19-0096696

Contact details

Vegayan Systems Private Limited's registered office is in Mumbai, Maharashtra. Its website is vegayan.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    vegayan.com
  • Registered Address
    A 1111 – 1116 11th Floor Kailas Business Park, Veer Savarkar Marg Park Site Vikhroli (W), Mumbai, Maharashtra, India – 400079
  • Industry
    Telecom, Telecom Network Support

To see the full contact details of Vegayan Systems Private Limited, buy the company report.

Comprehensive company report
Vegayan Systems 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

Vegayan Systems operates two associated brands: Vegayan and 99DOTS. Each brand links to its own profile.

BrandDescriptionWebsite
Vegayan
Network management solutions are provided for telecom operators and enterprises.vegayan.com
99DOTS
Monitoring and medication management solutions for tuberculosis are provided.99dots.org

Business activity

The main business activity of Vegayan Systems is information and communication. In detail, this covers other information & communication service activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ8Other information & communication service activities

To see the full business activity and turnover split of Vegayan Systems Private Limited, buy the company report.

Financials of Vegayan Systems Private Limited

FY 2025 filings available

Vegayan Systems Private Limited reported revenue of ₹10.41 Cr (up 59% YoY) for FY 2025.

Revenue · FY 2025
₹10.41 Cr ▲ 59%
Net profit · FY 2025
₹1.13 Cr margin 10.8%
EBITDA · FY 2025
₹2.66 Cr margin 25.5%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 59%
3 years · compounded
▲ 57%
5 years · compounded
▲ 36%
EBITDA CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 24%
5 years · compounded
▲ 24%

Revenue has grown at a compounded annual rate (CAGR) of 36% over five years, including 59% growth in the latest year. EBITDA rose 18% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹2.66 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.13 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin25.5%
Net Profit Margin10.8%
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 Vegayan Systems Private Limited, buy the company report.

Board of directors of Vegayan Systems Private Limited

Vegayan Systems has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Norbert Cyril Fernandes
Also directs: Enduro Advisors LLP, Kenro Capital Advisors LLP, Kenro Partners LLP and 1 more
Director10 May 20197 Years 6 MonthsCurrent
Girish Prabhakar SaraphDirector23 Nov 200520 Years 11 MonthsCurrent
Soumitra Gajanan Wadalkar
Also directs: Fortytwo42 Labs Private Limited
Director16 Nov 20187 Years 11 MonthsCurrent
View all directors

Peer comparison

Vegayan Systems Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Software Services), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
HLX International Private Limited₹10.59 Cr (FY 2025)-24.0%Hyderabad, Telangana, India
Vegayan Systems Private Limitedthis company₹10.41 Cr (FY 2025)₹1.13 Cr10.8%59.0%26Mumbai, Maharashtra, India
Feba Technologies Private Limited₹10.41 Cr (FY 2024)-9.0%Secunderabad, Telangana, India
JMK Infosoft Solutions Limited₹10.4 Cr (FY 2024)1.0%Aurangabad, Maharashtra, India

To see the full peer comparison of Vegayan Systems Private Limited, buy the company report.

Auditor

Vegayan Systems Private Limited is audited by Gokhale Associates for the financial year 2022.

Auditor firmFinancial yearFirm registration number
Gokhale AssociatesFY 202217808W

Shareholding

The shareholding of Vegayan Systems Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Vegayan Systems Private Limited, buy the company report.

Charges & borrowings

Open charges
₹2.16 Cr
Satisfied charges
None
Breakdown by lending institutions
Bank of India₹1.17 Cr
State Bank of India₹0.99 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
02 May 2022100569128State Bank of India₹99.49 LakhOpen
13 Dec 2021100509609Bank of India₹12.99 LakhOpen
24 Jul 2020100413526Bank of India₹14 LakhOpen
22 Oct 200810133530Bank of India₹90 LakhOpen

To see the full charge records of Vegayan Systems Private Limited, buy the company report.

Total charge records: 4 View all charges

Deals & funding

Vegayan Systems Private Limited has 19 deals on record (10 funding rounds, 8 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.7 Cr; the latest was in October 2022.

Total deals
19
Funding rounds
10
Secondary share transfers
8
Rights issue
1
Disclosed funding
₹9.7 Cr

Deals on record (5 of 19)

WhenDealAmountParties
Oct 2022Secondary share transferUndisclosedBuyer: an individual
Seller: TR Capital Group
Mar 2020Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2020Rights issue₹1.66 CrInvestors: 3 individuals
Mar 2019Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Jun 2017Secondary share transferUndisclosedBuyer: TR Capital Group
Seller: India Innovation Fund

To see the full deal history of Vegayan Systems Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Vegayan Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Vegayan Systems Private Limited has a workforce of 26 employees on its EPFO records as of Mar 25, 2024, across 1 active EPFO establishment.

Employee count
26
Active EPFO establishments
1
Employee growth
36.84%

GST

Vegayan Systems has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AACCV1637P1ZVMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Vegayan Systems Private Limited, buy the company report.

Recent activity

Vegayan Systems Private Limited has 11 board changes on record since 2005: 3 appointments and 8 cessations. The latest: Soumitra Gajanan Wadalkar ceased to be Additional Director on 30 Sep 2019.

AGM
Vegayan Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vegayan Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with State Bank Of India of Rs. 0.99 Cr registered on 02 May 2022 with Charge ID 100569128 was modified on 27 Mar 2023.
Charges
A charge with State Bank Of India amounted to Rs. 0.99 Cr with Charge ID 100569128 was registered on 02 May 2022.
Charges
A charge with Bank Of India amounted to Rs. 0.13 Cr with Charge ID 100509609 was registered on 13 Dec 2021.
Charges
A charge with Bank Of India amounted to Rs. 0.14 Cr with Charge ID 100413526 was registered on 24 Jul 2020.
Ceased
Soumitra Gajanan Wadalkar ceased to be Additional Director.
Appointed
Norbert Cyril Fernandes was appointed as Director.
Ceased
Pajir Vishwanath Rajesh Rai ceased to be Director.
Ceased
Rakesh Mathur ceased to be Director.
Appointed
Soumitra Gajanan Wadalkar was appointed as Director.
Ceased
Paul Gratien Robine ceased to be Additional Director.

8 earlier events are in the company report.

Frequently asked questions

Vegayan Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in telecom network support, within the telecom industry. It was incorporated on 23 November 2005 (21+ years old) and is registered under CIN U72200MH2005PTC157495.

Vegayan Systems has 3 current directors:

The latest financial statements of Vegayan Systems 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 Vegayan Systems is 27AACCV1637P1ZV, registered in Maharashtra.

The CIN (Corporate Identification Number) of Vegayan Systems is U72200MH2005PTC157495. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Vegayan Systems was incorporated on 23 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.

Vegayan Systems has 19 deals on record (10 funding rounds, 8 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.7 Cr; the latest was in October 2022.

The peers of Vegayan Systems by revenue are HLX International Private Limited, Feba Technologies Private Limited, JMK Infosoft Solutions Limited, all in the Information Technology industry (Software Services), with the same principal business activity (other information & communication service activities).

Soumitra Gajanan Wadalkar ceased to be Additional Director on 30 Sep 2019. Norbert Cyril Fernandes was appointed as Director on 10 May 2019. Pajir Vishwanath Rajesh Rai ceased to be Director on 02 May 2019. Vegayan Systems has 11 board changes on record in total.

Yes, Vegayan Systems is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0096696).

Vegayan Systems can be reached through the website vegayan.com. Its registered office is in Mumbai, Maharashtra, India.