About Verga Attachments Private Limited
Data last updated:
Verga Attachments Private Limited is a private limited company based in Malur, Karnataka, India, a subsidiary of Naal B .V. Netherlands. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 26 September 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29248KA2006PTC040628. Its GSTIN is 29AACCV3234G1ZD (Karnataka).
The company has an authorised share capital of ₹4.75 Cr and a paid-up capital of ₹3.89 Cr. It is led by directors including Mehul Indrakumar Gandhi (Managing Director) and Sonal Mehul Gandhi.
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 No. 28B Phase I KIADB Industrial Area, Malur, Karnataka, India – 563130.
As per the financials filed for FY 2024, the company reported a revenue of ₹67.09 Cr, a decline of 57% compared to the previous year. For the same year it recorded a net profit of ₹95.24 Lakh (net margin 1.4%) and EBITDA of ₹2.85 Cr (EBITDA margin 4.2%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 13% over five years.
The company has about 107 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Verga. As per MCA filings, the company has open charges of ₹45 Cr and satisfied charges of ₹53.19 Cr on record. Court records list 20 cases involving the company, including 8 filed by the company and 9 filed against it; 8 cases are pending. The company has 5 deals on record (3 convertible or debt financings, 1 rights issue, 1 funding round), with disclosed funding of ₹6.9 Cr; the latest was in March 2023. Its 10 peer companies in the Machinery and Equipment industry (Material Handling Equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Cascade India Material Handling Private Limited. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 1,479 overdue payments to 183 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website verga.biz.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 28B Phase I KIADB Industrial Area, Malur, Karnataka, India – 563130
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
- 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 Verga Attachments Private Limited
The main business activity of Verga Attachments is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Verga Attachments Private Limited FY 2024 filings available
Verga Attachments Private Limited reported revenue of ₹67.09 Cr (down 57% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Verga Attachments Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 57% fall in the latest year. 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 of Verga Attachments Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2.85 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹95.24 Lakh | •••• | •••• | •••• | •••• |
| 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 Verga Attachments Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.4% | •••• | •••• | •••• | •••• |
| 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 Verga Attachments 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 Verga Attachments Private Limited
Verga Attachments Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cascade India Material Handling Private Limited | •••• | •••• | •••• | •••• | 34 | Mumbai, Maharashtra, India |
| Macneill Engineering Ltd | •••• | •••• | •••• | •••• | 119 | 24 Pgs (S), West Bengal, India |
| ZPMC Engineering (India) Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Elite Steels Pvt. Ltd. | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Modtech Material Handling Projects Private Limited | •••• | •••• | •••• | •••• | 85 | New Delhi, Delhi, India |
| Verga Attachments Private Limited this company | •••• | •••• | •••• | •••• | - | Malur, Karnataka, India |
| Imcola Crane Company Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Bastian Solutions India Private Limited | •••• | •••• | •••• | •••• | 168 | Bengaluru, Karnataka, India |
| Kepro Technologies Private Limited | •••• | •••• | •••• | •••• | 57 | Kolkata, West Bengal, India |
| Meltech Cranes Private Limited | •••• | •••• | •••• | •••• | 32 | Thane, Maharashtra, India |
| Kwality Conveying Systems Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Verga Attachments by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Verga Attachments Private Limited
Verga Attachments Private Limited is audited by N N YUVARAJ A N D ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N N YUVARAJ A N D 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 Verga Attachments Private Limited
Verga Attachments has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sonal Mehul Gandhi Also directs: Ermotec International Private Limited, Veerya Attachments Private Limited, Naman Vintrade Private Limited and 2 more | Director | 13 Mar 2009 | 17 Years 6 Months | Current |
| Mehul Indrakumar Gandhi | Managing Director | 26 Sep 2006 | 20 Years 0 Months | Current |
| Gerardus Jacobus Adrianus Maria Verhoeven | Director | 26 Sep 2006 | 20 Years 0 Months | Current |
Ownership and Shareholding of Verga Attachments 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 Verga Attachments Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Mar 2022 | Canara Bank | ₹30 Cr | Satisfied |
| 29 Dec 2021 | Canara Bank | ₹5.9 Cr | Satisfied |
| 28 Jan 2021 | Canara Bank | ₹49 Lakh | Satisfied |
| 31 Mar 2017 | Canara Bank | ₹1.8 Cr | Satisfied |
| 07 Feb 2008 | Canara Bank | ₹15 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Verga Attachments Private Limited
Verga Attachments Private Limited has 5 deals on record (3 convertible or debt financings, 1 rights issue, 1 funding round), with disclosed funding of ₹6.9 Cr; the latest was in March 2023.
Deals on record (2 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Funding round | ₹93.9 Lakh | Investors: an individual |
| Dec 2018 | Rights issue | ₹87.1 Lakh | Investors: an individual |
Full deal history
All 5 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.
Legal Cases of Verga Attachments Private Limited
Verga Attachments Private Limited has 20 court cases on record: 8 filed by Verga Attachments, 9 filed against it, 3 where it is another party. 8 cases are pending and 12 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 9 | 7 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Civil suit | Filed against the company by Uniparts India Limited | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Cotmac Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Motor accident claim | Company is another party | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Joint Commissioner of Commerical Taxes | Pending |
| District court, BENGALURU, Karnataka | Court case (SLA) | Filed by the company against an individual | Pending |
Full case history
All 20 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Verga Attachments Private Limited
Verga Attachments Private Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 1,479 overdue payments to 183 micro and small suppliers. 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 (5 of 183)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Dowin Hydraulics | •••• | •••• | •••• |
| Laservall Technosolutions Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Keyon Labels | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 10 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.
Employees and EPFO Compliance at Verga Attachments Private Limited
Verga Attachments Private Limited has a workforce of 107 employees as of Mar 28, 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.
News related to Verga Attachments Private Limited
Recent Activity on Verga Attachments Private Limited
Verga Attachments Private Limited has 6 board changes on record since 2006: 3 appointments and 3 cessations. The latest: Gerardus Jacobus Adrianus Maria Verhoeven ceased to be Director on 16 Jun 2025.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Verga Attachments 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 Verga Attachments 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 Verga Attachments Private Limited
Verga Attachments has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCV3234G1ZD | Karnataka | Active | 01 Jul 2017 |
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 Verga Attachments 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 Verga Attachments Private Limited
Verga Attachments is an active private limited company based in Malur, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 26 September 2006 (20+ years old) and is registered under CIN U29248KA2006PTC040628.
Verga Attachments reported revenue of ₹67.09 Cr for FY 2024 (down 57% YoY).
Verga Attachments has 3 current directors:
- Mehul Indrakumar Gandhi - Managing Director
- Sonal Mehul Gandhi - Director
- Gerardus Jacobus Adrianus Maria Verhoeven - Director
Verga Attachments reported a net profit of ₹95.24 Lakh (net margin 1.4%) and EBITDA of ₹2.85 Cr (EBITDA margin 4.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Verga Attachments is -16% over three years and -13% over five years. In the latest year (FY 2024) revenue fell 57%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Verga Attachments is 29AACCV3234G1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of Verga Attachments is U29248KA2006PTC040628. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verga Attachments has 20 court cases on record: 8 filed by the company and 9 filed against it. 8 are pending. Most are in the district courts.
Verga Attachments was incorporated on 26 September 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Verga Attachments has 5 deals on record (3 convertible or debt financings, 1 rights issue, 1 funding round), with disclosed funding of ₹6.9 Cr; the latest was in March 2023.
The peers of Verga Attachments by revenue are Cascade India Material Handling Private Limited, Macneill Engineering Ltd, ZPMC Engineering (India) Private Limited, Elite Steels Pvt. Ltd, Modtech Material Handling Projects Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Gerardus Jacobus Adrianus Maria Verhoeven ceased to be Director on 16 Jun 2025. Sonal Mehul Gandhi ceased to be Additional Director on 30 Sep 2009. Sonal Mehul Gandhi was appointed as Director on 13 Mar 2009. Verga Attachments has 6 board changes on record in total.