Veritas Finit Solutions Private Limited
About Veritas Finit Solutions Private Limited
Data last updated:
Veritas Finit Solutions Private Limited was a private limited company based in Hyderabad, Telangana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the computer hardware manufacturing and retail segment of the technology and IT services sector. It was incorporated on 22 December 2009.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U51103TG2009PTC066432. Its GSTIN is 36AADCV1524C1ZS (Telangana).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Venkatavijaya Lakshmi Kuruganti and Srinivas Suryaprakash Kuruganti.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Flat No. 506 Sri Sai Gardens Ganesh Nagar Opp T V Studio Ramanthapur, Hyderabad, Telangana, India – 500013.
As per the financials filed for FY 2022, the company reported a revenue of ₹27,536, a decline of 72% compared to the previous year. For the same year it recorded a net loss of ₹97,228 (net margin -353.1%) and EBITDA of -₹97,228 (EBITDA margin -353.1%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 6% over five years.
Company details
CIN history
Veritas Finit Solutions has one previous CIN (Corporate Identification Number): U51103AP2009PTC066432. The current CIN is U51103TG2009PTC066432, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51103TG2009PTC066432 | Current |
| U51103AP2009PTC066432 | Previous |
Contact details
Veritas Finit Solutions Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No. 506 Sri Sai Gardens Ganesh Nagar Opp T V Studio Ramanthapur, Hyderabad, Telangana, India – 500013
- IndustryInformation Technology, Computer Hardware Manufacturing & Retail
To see the full contact details of Veritas Finit Solutions 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
Financials of Veritas Finit Solutions Private Limited
FY 2022 filings availableVeritas Finit Solutions Private Limited reported revenue of ₹27,536 (down 72% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 72% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 307% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹27,536 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹97,228 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹97,228 | ||||
| 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -353.1% | ||||
| Net Profit Margin | -353.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Veritas Finit Solutions Private Limited, buy the company report.
Board of directors of Veritas Finit Solutions Private Limited
Veritas Finit Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatavijaya Lakshmi Kuruganti Also directs: Veritas Securities Private Limited | Director | 01 Mar 2011 | 15 Years 8 Months | As last reported |
| Srinivas Suryaprakash Kuruganti | Director | 22 Dec 2009 | 16 Years 10 Months | As last reported |
Peer comparison
Veritas Finit Solutions Private Limited is compared with the 10 companies closest to it by revenue in the Information Technology industry (Computer Hardware), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fourth Infotech Services Private Limited | ₹40,704 (FY 2021) | -92.0% | Delhi, India | |||
| Cryptmonk Software Solutions Private Limited | ₹37,158 (FY 2025) | -99.0% | Nagpur, Maharashtra, India | |||
| Geovas Technologies Private Limited | ₹34,639 (FY 2018) | -99.0% | Bangalore, Karnataka, India | |||
| Innova E Services Private Limited | ₹32,140 (FY 2022) | -79.0% | East Patel Nagar, Delhi, India | |||
| Heymojo AI Labs Private Limited | ₹28,227 (FY 2024) | 14013.0% | Gurugram, Haryana, India | |||
| Veritas Finit Solutions Private Limitedthis company | ₹27,536 (FY 2022) | -₹97,228 | -353.1% | -72.0% | Hyderabad, Telangana, India | |
| Solo Infotech Private Limited | ₹26,779 (FY 2018) | -8.0% | New Delhi, Delhi, India | |||
| Sai Thisha Industries Private Limited | ₹22,673 (FY 2024) | Hyderabad, Telangana, India | ||||
| Oasis Solutions Private Limited | ₹20,400 (FY 2025) | -9.0% | Delhi, India | |||
| Sri Ved Jagat Private Limited | ₹19,000 (FY 2017) | -6.0% | New Delhi, Delhi, India | |||
| Winlex Impex Private Limited. | ₹16,622 (FY 2019) | -3.0% | Delhi, India |
To see the full peer comparison of Veritas Finit Solutions Private Limited, buy the company report.
Auditor
Veritas Finit Solutions Private Limited is audited by MURTHY & PRASAD & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MURTHY & PRASAD & CO | FY 2020 | 005930S |
Shareholding
The shareholding of Veritas Finit Solutions Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Veritas Finit Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Veritas Finit Solutions 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 Veritas Finit Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Veritas Finit Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AADCV1524C1ZS | Telangana | Active | 05 Mar 2022 |
To see the full GST registrations and return filing status of Veritas Finit Solutions Private Limited, buy the company report.
Recent activity
Veritas Finit Solutions Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Venkatavijaya Lakshmi Kuruganti ceased to be Additional Director on 30 Sep 2011.
Frequently asked questions
Veritas Finit Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Veritas Finit Solutions was a private limited company based in Hyderabad, Telangana, India. The company worked in computer hardware manufacturing and retail, within the information technology industry. It was incorporated on 22 December 2009 and is registered under CIN U51103TG2009PTC066432. The company has been struck off by the Registrar of Companies and is no longer operational.
Veritas Finit Solutions had 2 directors:
- Venkatavijaya Lakshmi Kuruganti - Director
- Srinivas Suryaprakash Kuruganti - Director
The CIN (Corporate Identification Number) of Veritas Finit Solutions is U51103TG2009PTC066432. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Veritas Finit Solutions is at Flat No. 506 Sri Sai Gardens Ganesh Nagar Opp T V Studio Ramanthapur, Hyderabad, Telangana, India – 500013.
Veritas Finit Solutions was incorporated on 22 December 2009. It is registered with the Registrar of Companies, Hyderabad.
The latest financial statements of Veritas Finit Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Veritas Finit Solutions is 36AADCV1524C1ZS, registered in Telangana.
Veritas Finit Solutions operated in the information technology industry, in the computer hardware manufacturing and retail segment. It worked in this industry before it was struck off.
The peers of Veritas Finit Solutions by revenue are Fourth Infotech Services Private Limited, Cryptmonk Software Solutions Private Limited, Geovas Technologies Private Limited, Innova E Services Private Limited, Heymojo AI Labs Private Limited and 5 more, all in the Information Technology industry (Computer Hardware).
Venkatavijaya Lakshmi Kuruganti ceased to be Additional Director on 30 Sep 2011. Kandoor Abhiram Babu ceased to be Director on 01 Mar 2011. Venkatavijaya Lakshmi Kuruganti was appointed as Director on 01 Mar 2011. Veritas Finit Solutions has 4 board changes on record in total.
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