Verafin Services Private Limited
About Verafin Services Private Limited
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Verafin Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 27 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2017PTC302220. Its GSTIN is 27AAGCV1882J1ZW (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors Viraaj Kirti Shah and Kirti Mohanlal Shah.
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 216 Veena Chambers 21 Dalal Street Fort, Mumbai, Maharashtra, India – 400023.
As per the financials filed for FY 2025, the company reported a revenue of ₹38.99 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹30,742 (net margin 0.8%) and EBITDA of ₹40,989 (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 72% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Verafin Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Social Media
- Registered Address216 Veena Chambers 21 Dalal Street Fort, Mumbai, Maharashtra, India – 400023
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
To see the full contact details of Verafin Services 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
Business activity
The main business activity of Verafin Services is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of Verafin Services Private Limited, buy the company report.
Financials of Verafin Services Private Limited
FY 2025 filings availableVerafin Services Private Limited reported revenue of ₹38.99 Lakh (up 428% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 72% over five years, including 428% growth in the latest year. EBITDA rose 91% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹40,989 | ||||
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| Net Profit (PAT) | ₹30,742 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | 0.8% | ||||
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To see the full financial statements and ratios of Verafin Services Private Limited, buy the company report.
Board of directors of Verafin Services Private Limited
Verafin Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viraaj Kirti Shah | Director | 27 Nov 2017 | 8 Years 10 Months | Current |
| Kirti Mohanlal Shah Also directs: M V Shah Trading and Investment Pvt Ltd | Director | 13 Mar 2020 | 6 Years 7 Months | Current |
Peer comparison
Verafin Services Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (financial service activities, except insurance and pension funding), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Keya Stocks & Financial Services Private Limited | ₹39.38 Lakh (FY 2025) | -15.0% | Mumbai, Maharashtra, India | |||
| E3 Plastech Marketing Private Limited | ₹39.29 Lakh (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Voitto Business Consulting Private Limited | ₹39.15 Lakh (FY 2024) | 100.0% | New Delhi, Delhi, India | |||
| Saintblessings Wealth Creators Private Limited | ₹39.08 Lakh (FY 2025) | -40.0% | Kanpur, Uttar Pradesh, India | |||
| Samruthi Finarc Private Limited | ₹39.01 Lakh (FY 2025) | 915.0% | Chennai, Tamil Nadu, India | |||
| Verafin Services Private Limitedthis company | ₹38.99 Lakh (FY 2025) | ₹30,742 | 0.8% | 428.0% | Mumbai, Maharashtra, India | |
| Gulita Securities Limited | ₹38.78 Lakh (FY 2025) | -35.0% | Mumbai, Maharashtra, India | |||
| Biosphere Vanijya Pvt Ltd | ₹38.7 Lakh (FY 2025) | -26.0% | Kolkata, West Bengal, India | |||
| Diher Diwij Mercantile and Consultancy Private Limited | ₹38.62 Lakh (FY 2025) | -8.0% | Mumbai, Maharashtra, India | |||
| FRS Dynamic Commodity Traders Private Limited | ₹38.55 Lakh (FY 2024) | 279.0% | New Delhi, Delhi, India | |||
| Taximen S Finance and Leasing Limited | ₹38.47 Lakh (FY 2024) | -12.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Verafin Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Verafin Services 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 Verafin Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Verafin Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCV1882J1ZW | Maharashtra | Active | 27 Jan 2018 |
To see the full GST registrations and return filing status of Verafin Services Private Limited, buy the company report.
Recent activity
Verafin Services Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Viraaj Kirti Shah ceased to be Director on 20 Nov 2025.
Frequently asked questions
Verafin Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 27 November 2017 (9+ years old) and is registered under CIN U67190MH2017PTC302220.
Verafin Services has 2 current directors:
- Viraaj Kirti Shah - Director
- Kirti Mohanlal Shah - Director
The latest financial statements of Verafin Services 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 FY 2018 are in the company report.
The GSTIN of Verafin Services is 27AAGCV1882J1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Verafin Services is U67190MH2017PTC302220. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verafin Services was incorporated on 27 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Verafin Services by revenue are Keya Stocks & Financial Services Private Limited, E3 Plastech Marketing Private Limited, Voitto Business Consulting Private Limited, Saintblessings Wealth Creators Private Limited, Samruthi Finarc Private Limited and 5 more, all in the same principal business activity (financial service activities, except insurance and pension funding).
Viraaj Kirti Shah ceased to be Director on 20 Nov 2025. Harsh Sanjay Rakani ceased to be Director on 13 Mar 2020. Kirti Mohanlal Shah was appointed as Director on 13 Mar 2020. Verafin Services has 5 board changes on record in total.
The registered office of Verafin Services is at 216 Veena Chambers 21 Dalal Street Fort, Mumbai, Maharashtra, India – 400023.
Verafin Services operates in the financial services industry, in the auxiliary to financial intermediatory segment.
The compliance status of Verafin Services is compliant as of 18 September 2026. The company is actively filing with the Registrar of Companies.