About Vera Security India Private Limited
Data last updated:
Vera Security India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Vera Security Inc., Usa. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 14 January 2015.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2015FTC078322. Its GSTIN is 29AAFCV0233Q1ZW (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Veradox India Private Limited. It is led by directors including Matthew John Reck and Reddy Prasanth Neelapalem.
Its last annual general meeting (AGM) was held on 22 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Ground Floor Indiqube Hexa Site No.191 And 218/A 9th Main Road Sector 6 Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2023, the company reported a revenue of ₹6.51 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹1.27 Cr (net margin 19.6%) and EBITDA of ₹1.83 Cr (EBITDA margin 28.1%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 19% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Oleum Vera, Vera and Suvera.
The last known website on record is vera.com.
Company details
Contact details
Vera Security India Private Limited's registered office is in Bangalore, Karnataka. Its website is vera.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGround Floor Indiqube Hexa Site No.191 And 218/A 9th Main Road Sector 6 Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Vera Security India Private Limited, buy the company report.
- 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
Brands
Vera Security India operates multiple associated brands including Oleum Vera, Vera, and Suvera. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An organic DIY beauty brand offering natural products. | oleumvera.com | |
| Data security is ensured via cloud encryption and policy enforcement. | vera.com | |
| Long-term conditions are managed proactively via virtual clinical solutions. | suvera.com |
Business activity
The main business activity of Vera Security India is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Vera Security India Private Limited, buy the company report.
Financials of Vera Security India Private Limited
FY 2023 filings availableVera Security India Private Limited reported revenue of ₹6.51 Cr (down 42% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 42% fall in the latest year. EBITDA rose 2% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹1.83 Cr | ||||
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| Net Profit (PAT) | ₹1.27 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 28.1% | ||||
| Net Profit Margin | 19.6% | ||||
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To see the full financial statements and ratios of Vera Security India Private Limited, buy the company report.
Board of directors of Vera Security India Private Limited
Vera Security India has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Matthew John Reck Also directs: Digital Guardian Technologies India Private Limited | Director | 17 Mar 2021 | 5 Years 7 Months | As last reported |
| Reddy Prasanth Neelapalem Also directs: Digital Guardian Technologies India Private Limited | Director | 16 Sep 2022 | 4 Years 1 Months | As last reported |
| Thirupal Gorige Also directs: Thirupal Gorige & Associates LLP | Irp/Rp/Liquidator | 02 Feb 2024 | 2 Years 8 Months | As last reported |
Peer comparison
Vera Security India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anmsoft Technologies Private Limited | ₹6.52 Cr (FY 2025) | 8.0% | Navi Mumbai, Maharashtra, India | |||
| Patio Digital Private Limited | ₹6.52 Cr (FY 2024) | 227.0% | Raipur, Chhattisgarh, India | |||
| Rayll Studios Private Limited | ₹6.52 Cr (FY 2024) | New Delhi, Delhi, India | ||||
| Infinityquest IT Services Private Limited | ₹6.51 Cr (FY 2025) | -15.0% | Hyderabad, Telangana, India | |||
| Marveltech Coe India Private Limited | ₹6.51 Cr (FY 2024) | 59.0% | Chennai, Tamil Nadu, India | |||
| Vera Security India Private Limitedthis company | ₹6.51 Cr (FY 2023) | ₹1.27 Cr | 19.6% | -42.0% | 10 | Bangalore, Karnataka, India |
| PC Mantra Infosystem Private Limited | ₹6.5 Cr (FY 2024) | -12.0% | Noida, Uttar Pradesh, India | |||
| Vosta Technology Private Limited | ₹6.5 Cr (FY 2024) | 23.0% | Hyderabad, Telangana, India | |||
| Mediaware Infotech Private Limited | ₹6.5 Cr (FY 2025) | -14.0% | Mumbai, Maharashtra, India | |||
| Connectedx Techsol Private Limited | ₹6.49 Cr (FY 2025) | 41.0% | Hyderabad, Telangana, India | |||
| Innobot Systems Private Limited | ₹6.48 Cr (FY 2025) | 41.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Vera Security India Private Limited, buy the company report.
Auditor
Vera Security India Private Limited is audited by VISHNU DAYA & CO LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VISHNU DAYA & CO LLP | FY 2022 | 008456S |
Shareholding
The shareholding of Vera Security India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vera Security India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Vera Security India 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 Vera Security India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vera Security India Private Limited has a workforce of 10 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Vera Security India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCV0233Q1ZW | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vera Security India Private Limited, buy the company report.
Recent activity
Vera Security India Private Limited has 13 board changes on record since 2016: 3 appointments and 10 cessations. The latest: Thirupal Gorige was appointed as Irp/Rp/Liquidator on 02 Feb 2024.
4 earlier events are in the company report.
News
Frequently asked questions
Vera Security India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Vera Security India is a company under liquidation, formerly operating as a foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 14 January 2015 and is registered under CIN U72900KA2015FTC078322. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vera Security India has 3 current directors:
- Matthew John Reck - Director
- Reddy Prasanth Neelapalem - Director
- Thirupal Gorige - Irp/Rp/Liquidator
The latest financial statements of Vera Security India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 22 August 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vera Security India is U72900KA2015FTC078322. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vera Security India was incorporated on 14 January 2015. It is registered with the Registrar of Companies, Bangalore.
The peers of Vera Security India by revenue are Anmsoft Technologies Private Limited, Patio Digital Private Limited, Rayll Studios Private Limited, Infinityquest IT Services Private Limited, Marveltech Coe India Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Thirupal Gorige was appointed as Irp/Rp/Liquidator on 02 Feb 2024. Reddy Prasanth Neelapalem ceased to be Additional Director on 30 Sep 2022. Reddy Prasanth Neelapalem was appointed as Director on 16 Sep 2022. Vera Security India has 13 board changes on record in total.
Vera Security India can be reached through the website vera.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Vera Security India is at Ground Floor Indiqube Hexa Site No.191 And 218A 9th Main Road Sector 6 Hsr Layout, Bangalore, Karnataka, India – 560102.
The GSTIN of Vera Security India is 29AAFCV0233Q1ZW, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
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