Vermec Engineers India Private Limited
About Vermec Engineers India Private Limited
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Vermec Engineers India Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the jewellery segment of the musical instruments sector. It was incorporated on 16 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29300GJ2014PTC080806. Its GSTIN is 24AAECV9097M1ZJ (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Varshaben Dineshbhai Panchal and Bhavesh Dineshbhai Panchal.
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 Plot No. 3031 Shad No. 7 Raghuvir Ind. Estate Odhav GIDC Odhav, Ahmedabad, Gujarat, India – 382415.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.19 Lakh, a growth of 48% compared to the previous year. For the same year it recorded a net loss of ₹3.13 Lakh (net margin -50.5%) and EBITDA of -₹3.13 Lakh (EBITDA margin -50.5%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Vermec Engineers India Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 3031 Shad No. 7 Raghuvir Ind. Estate Odhav GIDC Odhav, Ahmedabad, Gujarat, India – 382415
- IndustryMusical Instruments, Jewellery, Manufacturing, Musical Instrument, Sports Goods
To see the full contact details of Vermec Engineers India 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 Vermec Engineers India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Vermec Engineers India Private Limited, buy the company report.
Financials of Vermec Engineers India Private Limited
FY 2025 filings availableVermec Engineers India Private Limited reported revenue of ₹6.19 Lakh (up 48% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 48% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹3.13 Lakh | ||||
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| Net Profit (PAT) | -₹3.13 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -50.5% | ||||
| Net Profit Margin | -50.5% | ||||
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To see the full financial statements and ratios of Vermec Engineers India Private Limited, buy the company report.
Board of directors of Vermec Engineers India Private Limited
Vermec Engineers India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varshaben Dineshbhai Panchal | Director | 16 Sep 2014 | 12 Years 1 Months | Current |
| Bhavesh Dineshbhai Panchal | Director | 16 Sep 2014 | 12 Years 1 Months | Current |
Peer comparison
Vermec Engineers India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nathulal Manmal Industries Private Limited | ₹6.24 Lakh (FY 2024) | 1305.0% | Indore, Madhya Pradesh, India | |||
| Jaymjay Zestpro Private Limited | ₹6.24 Lakh (FY 2019) | -38.0% | Kancheepuram, Tamil Nadu, India | |||
| Bhagabati Rural Agro Infra Network Private Limited | ₹6.23 Lakh (FY 2025) | -57.0% | Ganjam, Odisha, India | |||
| Protec Concepts Private Limited | ₹6.23 Lakh (FY 2024) | 1284.0% | Mumbai, Maharashtra, India | |||
| JGJ Noor (OPC) Private Limited | ₹6.21 Lakh (FY 2020) | -3.0% | Gurgaon, Haryana, India | |||
| Vermec Engineers India Private Limitedthis company | ₹6.19 Lakh (FY 2024) | -₹3.13 Lakh | -50.5% | 48.0% | Ahmedabad, Gujarat, India | |
| Soundlear Private Limited | ₹6.19 Lakh (FY 2025) | -33.0% | Dhanbad, Jharkhand, India | |||
| Euzen Green Private Limited | ₹6.16 Lakh (FY 2025) | 51.0% | Mangalore, Karnataka, India | |||
| MBJ Brandz Private Limited | ₹6.15 Lakh (FY 2021) | New Delhi, Delhi, India | ||||
| Advin Engineering Pvt. Ltd. | ₹6.14 Lakh (FY 2024) | -15.0% | Rajkot, Gujarat, India | |||
| Bhandari Capacitors Private Limited | ₹6.14 Lakh (FY 2023) | 118.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Vermec Engineers India Private Limited, buy the company report.
Auditor
Vermec Engineers India Private Limited is audited by KAMAL KUMARJVYAS for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAMAL KUMARJVYAS | FY 2017 | 044791 |
Shareholding
The shareholding of Vermec Engineers India Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Vermec Engineers India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Vermec Engineers India 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 Vermec Engineers India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vermec Engineers India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECV9097M1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vermec Engineers India Private Limited, buy the company report.
Recent activity
Vermec Engineers India Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Bhavesh Dineshbhai Panchal was appointed as Director on 16 Sep 2014.
Frequently asked questions
Vermec Engineers India is an active private limited company based in Ahmedabad, Gujarat, India. The company works in jewellery, within the musical instruments industry. It was incorporated on 16 September 2014 (12+ years old) and is registered under CIN U29300GJ2014PTC080806.
Vermec Engineers India has 2 current directors:
- Varshaben Dineshbhai Panchal - Director
- Bhavesh Dineshbhai Panchal - Director
The latest financial statements of Vermec Engineers India 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 2015 are in the company report.
The GSTIN of Vermec Engineers India is 24AAECV9097M1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Vermec Engineers India is U29300GJ2014PTC080806. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vermec Engineers India was incorporated on 16 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Vermec Engineers India by revenue are Nathulal Manmal Industries Private Limited, Jaymjay Zestpro Private Limited, Bhagabati Rural Agro Infra Network Private Limited, Protec Concepts Private Limited, JGJ Noor (OPC) Private Limited and 5 more, all in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Bhavesh Dineshbhai Panchal was appointed as Director on 16 Sep 2014. Varshaben Dineshbhai Panchal was appointed as Director on 16 Sep 2014.
The registered office of Vermec Engineers India is at Plot No. 3031 Shad No. 7 Raghuvir Ind. Estate Odhav GIDC Odhav, Ahmedabad, Gujarat, India – 382415.
Vermec Engineers India operates in the musical instruments industry, in the jewellery segment.
The compliance status of Vermec Engineers India is compliant as of 24 August 2026. The company is actively filing with the Registrar of Companies.
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