MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-PB-15-0005918
Vera Developers Private Limited - food and beverages in Rajpura, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹159 Cr
▼ 18% YoY
Net profit · FY 2024
₹1.74 Cr
Net margin 1.1%
EBITDA · FY 2024
₹6.83 Cr
EBITDA margin 4.3%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹10 Cr
Issued & subscribed
Open charges
₹462.4 Cr
Satisfied ₹15 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
3
Provident fund records
About Vera Developers Private Limited
Data last updated:
Vera Developers Private Limited is a private limited company based in Rajpura, Punjab, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 17 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U70109PB2014PTC038679. Its GSTIN is 03AAECV8264A1ZL (Punjab). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹10 Cr. It is led by directors Kartik Budhiraja and Vishal Kumar.
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 Vill. Bishangarh, Rajpura, Punjab, India – 140603.
As per the financials filed for FY 2024, the company reported a revenue of ₹159 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹1.74 Cr (net margin 1.1%) and EBITDA of ₹6.83 Cr (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 179% over three years and 128% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹462.4 Cr and satisfied charges of ₹15 Cr on record. Court records list 78 cases involving the company, including 17 filed by the company and 63 filed against it; 29 cases are pending.
Vera Developers Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-15-0005918). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lokawas.com.
Company details
CIN U70109PB2014PTC038679
Registration Number 038679
Incorporation Date 17 June 2014
ROC Chandigarh
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 Medium
Udyam Registration UDYAM-PB-15-0005918
Key People
Kartik Budhiraja Director Vishal Kumar Director Recognitions & Rankings of Vera Developers
Contact details
Vera Developers Private Limited's registered office is in Rajpura, Punjab. Its website is lokawas.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVill. Bishangarh, Rajpura, Punjab, India – 140603
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Vera Developers Private Limited, buy the company report.
Comprehensive company report
Vera Developers 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 activity of Vera Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Vera Developers Private Limited, buy the company report.
Financials of Vera Developers Private Limited
FY 2024 filings availableVera Developers Private Limited reported revenue of ₹159 Cr (down 18% YoY) for FY 2024.
Revenue · FY 2024
₹159 Cr ▼ 18%
Net profit · FY 2024
₹1.74 Cr margin 1.1%
EBITDA · FY 2024
₹6.83 Cr margin 4.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 179%
5 years · compounded
▲ 128%
EBITDA CAGR growth
1 year
▼ 69%
3 years · compounded
▲ 104%
5 years · compounded
▲ 74%
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 128%. EBITDA fell 69% 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 |
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| EBITDA | ₹6.83 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.74 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.3% | ||||
| Net Profit Margin | 1.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vera Developers Private Limited, buy the company report.
Board of directors of Vera Developers Private Limited
Vera Developers has 2 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 |
|---|---|---|---|---|
| Kartik Budhiraja | Director | 20 Mar 2017 | 9 Years 7 Months | Current |
| Vishal Kumar | Director | 10 Dec 2021 | 4 Years 10 Months | Current |
Peer comparison
Vera Developers Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Manyata Developers Private Limited | ₹159.98 Cr (FY 2024) | -43.0% | Bangalore, Karnataka, India | |||
| Puranik Buildcon Private Limited | ₹159.77 Cr (FY 2025) | 0.0% | Thane, Maharashtra, India | |||
| Vera Developers Private Limitedthis company | ₹159 Cr (FY 2024) | ₹1.74 Cr | 1.1% | -18.0% | 3 | Rajpura, Punjab, India |
| Goldbricks Infrastructure Private Limited | ₹158.92 Cr (FY 2025) | 30.0% | Raipur, Chhattisgarh, India |
To see the full peer comparison of Vera Developers Private Limited, buy the company report.
Auditor
Vera Developers Private Limited is audited by RCS & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RCS & ASSOCIATES LLP | FY 2023 | N500374 |
Shareholding
The shareholding of Vera Developers 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vera Developers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹462.4 Cr
Satisfied charges
₹15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2025 | 101166398 | Axis Bank Limited | ₹30.85 Lakh | Open | |
| 01 Aug 2025 | 101142758 | Idbi Trusteeship Services Limited | ₹398 Cr | Open | |
| 15 Jan 2025 | 101034820 | Others | ₹1.8 Cr | Open | |
| 14 Jun 2024 | 100944523 | Others | ₹38 Cr | Open | |
| 19 Mar 2024 | 100885281 | Others | ₹5 Cr | Open |
To see the full charge records of Vera Developers Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Vera Developers Private Limited has 78 court cases on record: 17 filed by Vera Developers, 63 filed against it. 29 cases are pending and 49 are disposed.
Total cases
78
Filed by the company
17
Filed against the company
63
Pending
29
Disposed
49
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 66 | 59 | 26 |
| High courts | 11 | 3 | 3 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 78)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Writ petition | Filed against the company by Punjab State Power Corporation Ltd Pspcl and Another and 2 others | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against Vera Developers Private Limited and Others and 3 others | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against M/S Kusani Infra LLP and 1 other | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Gaursons Hi Tech Infrastructure Pvt Ltd | Pending |
| High Court, PUNJAB | Writ petition | Filed against the company by Vera Developers Private Limited and 1 other | Disposed |
To see the full case history of Vera Developers Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vera Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vera Developers Private Limited has a workforce of 3 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
Employee growth
-25%
GST
Vera Developers has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAECV8264A1ZL | Punjab | Active | 01 Jul 2017 |
| 06AAECV8264A1ZF | Haryana | Active | 07 Mar 2024 |
To see the full GST registrations and return filing status of Vera Developers Private Limited, buy the company report.
Recent activity
Vera Developers Private Limited has 12 board changes on record since 2014: 7 appointments and 5 cessations. The latest: Mohit Dabra ceased to be Director on 05 Jan 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.31 Cr with Charge ID 101166398 was registered on 12 Sep 2025.
Charges
A charge with Others of Rs. 38.00 Cr registered on 14 Jun 2024 with Charge ID 100944523 was modified on 04 Aug 2025.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 398.00 Cr with Charge ID 101142758 was registered on 01 Aug 2025.
Charges
A charge with Others amounted to Rs. 1.80 Cr with Charge ID 101034820 was registered on 15 Jan 2025.
AGM
Vera Developers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 38.00 Cr with Charge ID 100944523 was registered on 14 Jun 2024.
Charges
A charge registered on 30 Mar 2023 via Charge ID 100698025 with State Bank Of India was fully satisfied on 13 Jun 2024.
Filing
Vera Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited of Rs. 4.50 Cr registered on 07 Jan 2023 with Charge ID 100690553 was modified on 27 Mar 2024.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100885281 was registered on 19 Mar 2024.
Charges
A charge with Others amounted to Rs. 14.00 Cr with Charge ID 100883102 was registered on 28 Feb 2024.
Charges
A charge with State Bank Of India amounted to Rs. 15.00 Cr with Charge ID 100698025 was registered on 30 Mar 2023.
15 earlier events are in the company report.
Frequently asked questions
Vera Developers is an active private limited company based in Rajpura, Punjab, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 17 June 2014 (12+ years old) and is registered under CIN U70109PB2014PTC038679.
Vera Developers has 2 current directors:
- Kartik Budhiraja - Director
- Vishal Kumar - Director
The latest financial statements of Vera Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vera Developers is 03AAECV8264A1ZL, registered in Punjab. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAECV8264A1ZF (Haryana).
The CIN (Corporate Identification Number) of Vera Developers is U70109PB2014PTC038679. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vera Developers has 78 court cases on record: 17 filed by the company and 63 filed against it. 29 are pending. Most are in the district courts.
Vera Developers was incorporated on 17 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Vera Developers by revenue are Manyata Developers Private Limited, Puranik Buildcon Private Limited, Goldbricks Infrastructure Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Mohit Dabra ceased to be Director on 05 Jan 2022. Vishal Kumar was appointed as Director on 10 Dec 2021. Mohit Dabra was appointed as Director on 25 Mar 2017. Vera Developers has 12 board changes on record in total.
Yes, Vera Developers is registered as a medium enterprise under Udyam registration (number: UDYAM-PB-15-0005918).
Vera Developers can be reached through the website lokawas.com. Its registered office is in Rajpura, Punjab, India.