About Veracitiz Solutions Private Limited
Data last updated:
Veracitiz Solutions Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 05 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2011PTC217109. Its GSTIN is 27AADCV7089E1ZZ (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6.25 Lakh. It is led by directors including Deepak Babu Bansal and Mehul Girish Saraff.
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 Navi Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹38.04 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net profit of ₹7.38 Cr (net margin 19.4%) and EBITDA of ₹10.23 Cr (EBITDA margin 26.9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 17% over five years.
The company has about 99 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Veracitiz. As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹2.2 Cr on record. The company has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹1.17 Cr; the latest was in August 2021. Its 10 peer companies in the Outsourcing industry (Consulting Services) are compared by revenue, 5 larger and 5 smaller; the largest is Honeycomb Webworld Private Limited with revenue of ₹38.49 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veracitiz.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressTechnocity Office No. 704 Seventh Floor Awing Plot No. X – 4/1 X – 4/2 Ttc Industrial Ar, Ea Mahape, Navi Mumbai, Maharashtra, India – 400701
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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
- One PDF report, delivered after checkout
Business Activity of Veracitiz Solutions Private Limited
The main business activity of Veracitiz Solutions 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Veracitiz Solutions Private Limited FY 2025 filings available
Veracitiz Solutions Private Limited reported revenue of ₹38.04 Cr (down 34% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Veracitiz Solutions Private Limited
Revenue fell 34% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA rose 8% 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 Veracitiz Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹10.23 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.38 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 Veracitiz Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 19.4% | •••• | •••• | •••• | •••• |
| 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 Veracitiz Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Veracitiz Solutions Private Limited
Veracitiz Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Honeycomb Webworld Private Limited | ₹38.49 Cr (FY 2025) | •••• | •••• | 170.0% | •••• | Mumbai, Maharashtra, India |
| Kroll Associates (India) Private Limited | ₹38.44 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | New Delhi, Delhi, India |
| 360 One Investment Adviser and Trustee Services Limited | ₹38.28 Cr (FY 2018) | •••• | •••• | 286.0% | •••• | Mumbai, Maharashtra, India |
| Aays Advisory Private Limited | ₹38.17 Cr (FY 2024) | •••• | •••• | 47.0% | •••• | Hyderabad, Telangana, India |
| Ascertis Services Private Limited | ₹38.16 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Gurgaon, Haryana, India |
| Veracitiz Solutions Private Limited this company | ₹38.04 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Navi Mumbai, Maharashtra, India |
| DJT Corporation and Investments Private Limited | ₹37.87 Cr (FY 2025) | •••• | •••• | 337.0% | •••• | New Delhi, Delhi, India |
| Albion Consulting Private Limited | ₹37.85 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | New Delhi, Delhi, India |
| SRB Consultancy Private Limited | ₹37.8 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Bhubaneswar, Odisha, India |
| Takshashila Edupunk Private Limited | ₹37.77 Cr (FY 2024) | •••• | •••• | 94.0% | •••• | Noida, Uttar Pradesh, India |
| Anusha Business Consultancy Private Limited | ₹37.76 Cr (FY 2023) | •••• | •••• | -9.0% | •••• | Secunderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Veracitiz Solutions by revenue in the Outsourcing industry (Consulting Services), 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 Veracitiz Solutions Private Limited
Veracitiz Solutions Private Limited is audited by AJMK & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AJMK & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Veracitiz Solutions Private Limited
Veracitiz Solutions has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Babu Bansal | Director | 05 May 2011 | 15 Years 5 Months | Current |
| Mehul Girish Saraff | Director | 03 Feb 2015 | 11 Years 8 Months | Current |
| Rahul Kumar Surajiwale | Director | 03 Feb 2015 | 11 Years 8 Months | Current |
| Jaydeep Pravinkumar Vasani | Director | 05 May 2011 | 15 Years 5 Months | Current |
| Jacky Rameshchandra Patel | Director | 03 Feb 2015 | 11 Years 8 Months | Current |
Ownership and Shareholding of Veracitiz Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Veracitiz Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 May 2024 | Others | ₹5 Cr | Open |
| 17 Apr 2018 | Others | ₹2.2 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Veracitiz Solutions Private Limited
Veracitiz Solutions Private Limited has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹1.17 Cr; the latest was in August 2021.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Funding round | ₹59.9 Lakh | Investors: 2 individuals |
| May 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Sep 2017 | Secondary share transfer | Undisclosed | Seller: an individual |
| Mar 2015 | Rights issue | ₹58.4 Lakh | Investors: 4 individuals |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Veracitiz Solutions Private Limited
Veracitiz Solutions Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Veracitiz Solutions Private Limited
Veracitiz Solutions operates one associated brand: Veracitiz. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IBM-based analytics, AI, and optimization services to various sectors. | veracitiz.com |
Employees and EPFO Compliance at Veracitiz Solutions Private Limited
Veracitiz Solutions Private Limited has a workforce of 99 employees as of Mar 21, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Veracitiz Solutions Private Limited
Veracitiz Solutions has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Cogentiz Solutions Private Limited | U72900MH2020PTC339767 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Veracitiz Solutions Private Limited
Veracitiz Solutions Private Limited has 10 board changes on record since 2011: 5 appointments and 5 cessations. The latest: Vinod Kumar Singhal ceased to be Additional Director on 26 Apr 2022.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Veracitiz Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Veracitiz Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Veracitiz Solutions Private Limited
Veracitiz Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV7089E1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 06AADCV7089E1Z3 | Haryana | Active | 31 May 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Veracitiz Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Veracitiz Solutions Private Limited
Veracitiz Solutions is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 05 May 2011 (15+ years old) and is registered under CIN U74120MH2011PTC217109.
Veracitiz Solutions reported revenue of ₹38.04 Cr for FY 2025 (down 34% YoY).
Veracitiz Solutions has 5 current directors:
- Deepak Babu Bansal - Director
- Mehul Girish Saraff - Director
- Rahul Kumar Surajiwale - Director
- Jaydeep Pravinkumar Vasani - Director
- Jacky Rameshchandra Patel - Director
Veracitiz Solutions reported a net profit of ₹7.38 Cr (net margin 19.4%) and EBITDA of ₹10.23 Cr (EBITDA margin 26.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Veracitiz Solutions is 10% over three years and 17% over five years. In the latest year (FY 2025) revenue fell 34%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Veracitiz Solutions is 27AADCV7089E1ZZ, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 06AADCV7089E1Z3 (Haryana).
The CIN (Corporate Identification Number) of Veracitiz Solutions is U74120MH2011PTC217109. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veracitiz Solutions was incorporated on 05 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Veracitiz Solutions has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹1.17 Cr; the latest was in August 2021.
The peers of Veracitiz Solutions by revenue are Honeycomb Webworld Private Limited, Kroll Associates (India) Private Limited, 360 One Investment Adviser and Trustee Services Limited, Aays Advisory Private Limited, Ascertis Services Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Vinod Kumar Singhal ceased to be Additional Director on 26 Apr 2022. Ashay Abhay Mahajan ceased to be Director on 30 Mar 2018. Jacky Rameshchandra Patel ceased to be Additional Director on 29 Sep 2015. Veracitiz Solutions has 10 board changes on record in total.
Veracitiz Solutions has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 24 May 2019.