MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-26-0065287
Vendekin Technologies Private Limited - financial services in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹3.72 Cr
▲ 191% YoY
Net loss · FY 2022
₹1.27 Cr
Net margin -34%
EBITDA · FY 2022
-₹99.01 Lakh
EBITDA margin -26.6%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5.83 Lakh
Issued & subscribed
Open charges
₹2.8 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
52
Provident fund records
About Vendekin Technologies Private Limited
Data last updated:
Vendekin Technologies Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 22 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2016PTC166535. Its GSTIN is 27AAGCC6598N1ZS (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.83 Lakh. It was formerly known as Convipay Private Limited. It is led by directors including Aroon Ashish Khatter and Reva Nayyar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Fl No. 96 Building 6 Guruprasad Co Op Hsg Soc 24 Bund Garden, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.72 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.27 Cr (net margin -34%) and EBITDA of -₹99.01 Lakh (EBITDA margin -26.6%). Revenue has grown at a compounded annual rate (CAGR) of 174% over three years and 616% over five years.
The company has about 52 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vendekin. As per MCA filings, the company has open charges of ₹2.8 Cr on record. The company has 7 deals on record (5 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹18.51 Cr; the latest was in November 2021. Its 10 peer companies in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Macgray Solutions Private Limited with revenue of ₹3.76 Cr. The company has 2 MSME Form 1 returns on record between 2018 and 2019, listing 5 overdue payments to 4 micro and small suppliers.
Vendekin Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0065287). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vendekin.com.
Company Details of Vendekin Technologies Private Limited
CIN U74999PN2016PTC166535
Registration Number 166535
Incorporation Date 22 September 2016
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-26-0065287
Recognitions & Rankings of Vendekin Technologies
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressFl No. 96 Building 6 Guruprasad Co Op Hsg Soc 24 Bund Garden, Pune, Maharashtra, India – 411001
- IndustryFinancial Services, Digital Payment Solutions
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Associated Brands with Vendekin Technologies Private Limited
Vendekin Technologies operates one associated brand: Vendekin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cashless vending solutions are integrated for smart product dispensing. | vendekin.com |
Business Activity of Vendekin Technologies Private Limited
The main business activity of Vendekin Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Vendekin Technologies Private Limited FY 2024 filings available
Vendekin Technologies Private Limited reported revenue of ₹3.72 Cr (up 191% YoY) for FY 2022.
Revenue · FY 2022
₹3.72 Cr ▲ 191%
Net loss · FY 2022
₹1.27 Cr margin -34%
EBITDA · FY 2022
-₹99.01 Lakh margin -26.6%
Compounded Annual Growth Rate (CAGR) of Vendekin Technologies Private Limited
Revenue CAGR growth
1 year
▲ 191%
3 years · compounded
▲ 174%
5 years · compounded
▲ 616%
EBITDA CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 36%
5 years · compounded
▼ 64%
Revenue has grown at a compounded annual rate (CAGR) of 616% over five years, including 191% growth in the latest year. EBITDA fell 1% 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 Vendekin Technologies Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹3.72 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹99.01 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.27 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 of Vendekin Technologies Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -26.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -34% | •••• | •••• | •••• | •••• |
| 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 Vendekin Technologies are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
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Board of Directors of Vendekin Technologies Private Limited
Vendekin Technologies has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aroon Ashish Khatter Also directs: Virrea Technologies Private Limited | Director | 22 Sep 2016 | 10 Years 0 Months | Current |
| Reva Nayyar Also directs: Shalohm India Private Limited, Namm Intertrade Private Limited, Maurya Education Company Private Limited and 2 more | Director | 24 Apr 2018 | 8 Years 5 Months | Current |
| Charudatta Prabhakar Palwe Also directs: Tribeca Realty and Trading Services LLP, Palwe Associates LLP, GTT Data Solutions Limited and 4 more | Director | 01 Dec 2016 | 9 Years 10 Months | Current |
| Anita Gurnani | Director | 20 Jul 2018 | 8 Years 3 Months | Current |
Peer Comparison of Vendekin Technologies Private Limited
Vendekin Technologies Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Macgray Solutions Private Limited | ₹3.76 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Ahmedabad, Gujarat, India |
| Kemco Elevators Private Limited | ₹3.76 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| Ultra Build Infra Project Private Limited | ₹3.76 Cr (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Royce EV Private Limited | ₹3.74 Cr (FY 2024) | •••• | •••• | 16880.0% | •••• | Patiala, Punjab, India |
| Jag Janani Construction Private Limited | ₹3.73 Cr (FY 2024) | •••• | •••• | -40.0% | •••• | Saran, Bihar, India |
| Vendekin Technologies Private Limited this company | ₹3.72 Cr (FY 2022) | •••• | •••• | 191.0% | •••• | Pune, Maharashtra, India |
| Taihe (India) Optoelectronic Technology Private Limited | ₹3.72 Cr (FY 2023) | •••• | •••• | 885.0% | •••• | Mumbai, Maharashtra, India |
| Great Mach India Private Limited | ₹3.71 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Patna, Bihar, India |
| Ennor Industries Private Limited | ₹3.71 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Chennai, Tamil Nadu, India |
| Heatly & Gresham (India) Private Limited | ₹3.71 Cr (FY 2025) | •••• | •••• | 84.0% | •••• | New Delhi, Delhi, India |
| Heavy Mining Spares Private Limited | ₹3.7 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Vendekin Technologies by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Vendekin Technologies Private Limited
Vendekin Technologies Private Limited is audited by SUCHETA DHEKANE & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SUCHETA DHEKANE & CO. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Vendekin Technologies Private Limited
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Charges & Borrowings of Vendekin Technologies Private Limited
Open charges
₹2.8 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jan 2021 | Others | ₹2.8 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Vendekin Technologies Private Limited
Vendekin Technologies Private Limited has 7 deals on record (5 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹18.51 Cr; the latest was in November 2021.
Total deals
7
Secondary share transfers
5
Funding round
1
Convertible or debt financing
1
Disclosed funding
₹18.51 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Mar 2021 | Funding round | ₹9.94 Cr | Investors: 2 individuals |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Vendekin Inc, Vendekin Inc & Aroon Khatter |
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Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Vendekin Technologies Private Limited
Vendekin Technologies Private Limited has 2 MSME Form 1 returns on record between 2018 and 2019, listing 5 overdue payments to 4 micro and small suppliers. 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| GNR Solution Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Amura Marketing Technologies Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Vendekin Technologies Private Limited
Vendekin Technologies Private Limited has a workforce of 52 employees as of Mar 30, 2024.
Employee count
52
Active EPFO establishments
1
Employee growth
8.33%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Vendekin Technologies Private Limited
Vendekin Technologies Private Limited has 8 board changes on record since 2016: 4 appointments and 4 cessations. The latest: Anshoo Krishnadeo Gaur ceased to be Director on 31 Mar 2021.
Charges
A charge with Others of Rs. 280.00 Lakh registered on 19 Jan 2021 with Charge ID 100421294 was modified on 17 Dec 2024.
AGM
Vendekin Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Vendekin Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Ceased
Anshoo Krishnadeo Gaur ceased to be Director.
Charges
A charge with Others amounted to Rs. 280.00 Lakh with Charge ID 100421294 was registered on 19 Jan 2021.
Ceased
Anita Gurnani ceased to be Additional Director.
Ceased
Reva Nayyar ceased to be Additional Director.
Appointed
Anita Gurnani was appointed as Director.
Ceased
Kiran Indrabhan Karnawat ceased to be Director.
Appointed
Reva Nayyar was appointed as Director.
Appointed
Charudatta Prabhakar Palwe was appointed as Director.
Appointed
Aroon Ashish Khatter was appointed as Director.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vendekin Technologies Private Limited
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Subsidiaries & Group Companies of Vendekin Technologies Private Limited
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Corporate group structure
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GST Compliance of Vendekin Technologies Private Limited
Vendekin Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCC6598N1ZS | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Vendekin Technologies Private Limited
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Related news about Vendekin Technologies Private Limited
Frequently Asked Questions about Vendekin Technologies Private Limited
Vendekin Technologies is an active private limited company based in Pune, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 22 September 2016 (10+ years old) and is registered under CIN U74999PN2016PTC166535.
Vendekin Technologies reported revenue of ₹3.72 Cr for FY 2022 (up 191% YoY).
Vendekin Technologies has 4 current directors:
- Aroon Ashish Khatter - Director
- Reva Nayyar - Director
- Charudatta Prabhakar Palwe - Director
- Anita Gurnani - Director
Vendekin Technologies reported a net loss of ₹1.27 Cr (net margin -34%) and EBITDA of -₹99.01 Lakh (EBITDA margin -26.6%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vendekin Technologies is 174% over three years and 616% over five years. In the latest year (FY 2022) revenue rose 191%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vendekin Technologies is 27AAGCC6598N1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vendekin Technologies is U74999PN2016PTC166535. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vendekin Technologies was incorporated on 22 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.
Vendekin Technologies has 7 deals on record (5 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹18.51 Cr; the latest was in November 2021.
The peers of Vendekin Technologies by revenue are Macgray Solutions Private Limited, Kemco Elevators Private Limited, Ultra Build Infra Project Private Limited, Royce EV Private Limited, Jag Janani Construction Private Limited and 5 more, all in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution).
Anshoo Krishnadeo Gaur ceased to be Director on 31 Mar 2021. Anita Gurnani ceased to be Additional Director on 29 Sep 2018. Reva Nayyar ceased to be Additional Director on 29 Sep 2018. Vendekin Technologies has 8 board changes on record in total.
Yes, Vendekin Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-26-0065287).