About Verasys Limited
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Verasys Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Alankit Limited. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 24 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U82990MH2016PLC285121. Its GSTIN is 27AAFCV5778A1Z5 (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.55 Cr. It is led by directors including Prashant Vasant Lad (Managing Director) and Ashok Kumar Sinha.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹18.37 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹69.81 Lakh (net margin 3.8%) and EBITDA of ₹3.45 Cr (EBITDA margin 18.8%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 242% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: VSIGN. As per MCA filings, the company has open charges of ₹3 Cr and satisfied charges of ₹5 Cr on record. Court records list 10 cases involving the company, including 9 filed by the company and 1 filed against it; 3 cases are pending. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹53.64 Cr; the latest was in September 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vsign.in.
Company details
CIN history
Verasys has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U82990MH2016PLC285121, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U82990MH2016PLC285121 | Current |
| U72900MH2016PLC285121 | Previous |
| U72900MH2016PTC285121 | Previous |
Contact details
Verasys Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressOffice No. 21 2nd Floor Bhavna Building Opp.Siddhivinayak Mandir V.S.Marg Pra, Bhadevi, Mumbai, Maharashtra, India – 400025
- IndustryTravel and Hospitality, Consumer Professional Services
- 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
Financials of Verasys Limited
FY 2025 filings availableVerasys Limited reported revenue of ₹18.37 Cr (down 23% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 23% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 242%. EBITDA rose 26% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹18.37 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹69.81 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.8% | ||||
| Net Profit Margin | 3.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Verasys Limited, buy the company report.
Board of directors of Verasys Limited
Verasys has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Vasant Lad Also directs: Infosafe Technologies Private Limited | Managing Director | 24 Aug 2016 | 10 Years 2 Months | Current |
| Ashok Kumar Sinha Also directs: Alankit Technologies Limited, Alankit Forex India Limited, Rnfi Services Limited and 5 more | Director | 11 Mar 2025 | 1 Years 7 Months | Current |
| Harish Kapoor | Director | 11 Mar 2025 | 1 Years 7 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2025 | 101142335 | Others | ₹3 Cr | Open | |
| 30 Oct 2024 | 101002017 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Verasys Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Verasys Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹53.64 Cr; the latest was in September 2022.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Funding round | ₹50 Cr | Investors: Alankit Limited , Osnan Consulting Private Limited |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: Alankit Limited , Liberal Properties Private Limited , 2 individuals Seller: an individual |
| May 2017 | Rights issue | ₹1.31 Cr | Investors: 2 individuals |
| Dec 2016 | Funding round | ₹3.64 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Verasys Limited has 10 court cases on record: 9 filed by Verasys, 1 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 0 | 3 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CONT.CAS(C)) | Filed by the company against an individual | Pending |
| High Court of Delhi | Court case (CONT.CAS(C)) | Filed by the company against an individual | Pending |
| High Court of Delhi | Court case (CONT.CAS(C)) | Filed by the company against an individual | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by VF Worldwide Holdings Ltd. | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Union of India & Anr. | Disposed |
To see the full case history of Verasys 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 Verasys Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Verasys has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCV5778A1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 07AAFCV5778A1Z7 | Delhi | Active | 31 Aug 2019 |
| 37AAFCV5778A1Z4 | Andhra Pradesh | Active | 07 May 2021 |
To see the full GST registrations and return filing status of Verasys Limited, buy the company report.
Recent activity
Verasys Limited has 10 board changes on record since 2016: 3 appointments and 7 cessations. The latest: Ashok Kumar Sinha ceased to be Additional Director on 29 Sep 2025.
4 earlier events are in the company report.
Frequently asked questions
Verasys is an active public limited company based in Mumbai, Maharashtra, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 24 August 2016 (10+ years old) and is registered under CIN U82990MH2016PLC285121.
Verasys has 3 current directors:
- Prashant Vasant Lad - Managing Director
- Ashok Kumar Sinha - Director
- Harish Kapoor - Director
The latest financial statements of Verasys 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 2017 are in the company report.
The GSTIN of Verasys is 27AAFCV5778A1Z5, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 07AAFCV5778A1Z7 (Delhi), 37AAFCV5778A1Z4 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Verasys is U82990MH2016PLC285121. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verasys has 10 court cases on record: 9 filed by the company and 1 filed against it. 3 are pending. Most are in the high courts.
Verasys was incorporated on 24 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Verasys has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹53.64 Cr; the latest was in September 2022.
Ashok Kumar Sinha ceased to be Additional Director on 29 Sep 2025. Harish Kapoor ceased to be Additional Director on 29 Sep 2025. Ashok Shantilal Bhuta ceased to be Director on 12 Mar 2025. Verasys has 10 board changes on record in total.
Verasys can be reached through the website vsign.in. Its registered office is in Mumbai, Maharashtra, India.