MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0036582
Vernalis India Private Limited - business outsourcing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹66.85 Lakh
▼ 77% YoY
Net loss · FY 2024
₹1.66 Cr
Net margin -248.5%
EBITDA · FY 2024
-₹1.6 Cr
EBITDA margin -238.9%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Satisfied charges
₹75 Lakh
No open charges
Company age
26 yrs
Est. 2000
Directors on board
3
As per MCA filings
About Vernalis India Private Limited
Data last updated:
Vernalis India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 18 July 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2000PTC127764. Its GSTIN is 27AABCV1604K1ZF (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Abhijit Vijay Bhabhe and Rakesh Mahendra Mehta (Manager).
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 6C3 Gundecha Enclave Kherani Road Sakinaka Andheri (East), Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2024, the company reported a revenue of ₹66.85 Lakh, a decline of 77% compared to the previous year. For the same year it recorded a net loss of ₹1.66 Cr (net margin -248.5%) and EBITDA of -₹1.6 Cr (EBITDA margin -238.9%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years and 16% over five years.
As per MCA filings, the company has satisfied charges of ₹75 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
Vernalis India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0036582). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vernalis.in.
Company Details of Vernalis India Private Limited
CIN U72200MH2000PTC127764
Registration Number 127764
Incorporation Date 18 July 2000
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0036582
Key People
Abhijit Vijay Bhabhe Director Rakesh Mahendra Mehta Manager Bharat Sudarshan Grover Director Recognitions & Rankings of Vernalis India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address6C3 Gundecha Enclave Kherani Road Sakinaka Andheri (East), Mumbai, Maharashtra, India – 400025
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management, Business & IT Consulting
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Business Activity of Vernalis India Private Limited
The main business activity of Vernalis India is professional, scientific and technical activities. In detail, this covers activities of head offices; management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 70 | Activities of head offices; management consultancy activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Vernalis India Private Limited FY 2024 filings available
Vernalis India Private Limited reported revenue of ₹66.85 Lakh (down 77% YoY) for FY 2024.
Revenue · FY 2024
₹66.85 Lakh ▼ 77%
Net loss · FY 2024
₹1.66 Cr margin -248.5%
EBITDA · FY 2024
-₹1.6 Cr margin -238.9%
Compounded Annual Growth Rate (CAGR) of Vernalis India Private Limited
Revenue CAGR growth
1 year
▼ 77%
3 years · compounded
▼ 41%
5 years · compounded
▼ 16%
EBITDA CAGR growth
1 year
▼ 294%
3 years · compounded
▼ 42%
5 years · compounded
▼ 42%
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 77% fall in the latest year. EBITDA fell 294% 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 Vernalis India 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 | -₹1.6 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.66 Cr | •••• | •••• | •••• | •••• |
| 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 Vernalis India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -238.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -248.5% | •••• | •••• | •••• | •••• |
| 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 Vernalis India are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Vernalis India Private Limited
Vernalis India has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhijit Vijay Bhabhe Also directs: Hrythm Tech. Solutions LLP, Santa Clara Wellness Private Limited, Edelflo Private Limited and 1 more | Director | 11 Aug 2003 | 23 Years 2 Months | Current |
| Rakesh Mahendra Mehta Also directs: Edelflo Private Limited | Manager | 30 Sep 2015 | 11 Years 0 Months | Current |
| Bharat Sudarshan Grover Also directs: Hrythm Tech. Solutions LLP, Santa Clara Wellness Private Limited | Director | 18 Jul 2000 | 26 Years 3 Months | Current |
Peer Comparison of Vernalis India Private Limited
Vernalis India Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services, HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hindusthan Safety Glass Works Private Limited | ₹66.93 Lakh (FY 2025) | •••• | •••• | 39.0% | •••• | Kolkata, West Bengal, India |
| Protoporos Staffing Services Private Limited | ₹66.92 Lakh (FY 2023) | •••• | •••• | -53.0% | •••• | Thane, Maharashtra, India |
| Prayagraj Security Services Private Limited | ₹66.87 Lakh (FY 2024) | •••• | •••• | -4.0% | •••• | Palghar, Maharashtra, India |
| Habitility Plus Private Limited | ₹66.86 Lakh (FY 2025) | •••• | •••• | 70.0% | •••• | New Delhi, Delhi, India |
| 21 Roses Wholesale Private Limited | ₹66.86 Lakh (FY 2021) | •••• | •••• | 596.0% | •••• | Delhi, India |
| Vernalis India Private Limited this company | ₹66.85 Lakh (FY 2024) | •••• | •••• | -77.0% | •••• | Mumbai, Maharashtra, India |
| Recruiting Hub India Private Limited | ₹66.84 Lakh (FY 2024) | •••• | •••• | 60.0% | •••• | Chennai, Tamil Nadu, India |
| Riya Placement Private Limited | ₹66.82 Lakh (FY 2024) | •••• | •••• | -18.0% | •••• | Ankleshwar, Gujarat, India |
| A-Blutickk Multi Facility Management Services Private Limited | ₹66.81 Lakh (FY 2022) | •••• | •••• | 2299.0% | •••• | Mumbai, Maharashtra, India |
| Borderfree Technologies Private Limited | ₹66.81 Lakh (FY 2025) | •••• | •••• | -89.0% | •••• | New Delhi, Delhi, India |
| Fly Foreign Education & Immigration Services Private Limited | ₹66.79 Lakh (FY 2016) | •••• | •••• | 70.0% | •••• | Chandigarh, India |
Peers are the five companies nearest above and the five nearest below Vernalis India by revenue in the Outsourcing industry (Consulting Services, HR Outsourcing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Vernalis India Private Limited
Vernalis India Private Limited is audited by RAGHU IYER ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAGHU IYER ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Vernalis India Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Vernalis India Private Limited
Open charges
None
Satisfied charges
₹75 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Feb 2006 | Hdfc Bank Limited | ₹75 Lakh | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Vernalis India Private Limited
Vernalis India Private Limited has 1 court case on record: 1 filed by Vernalis India. All case is disposed. Status as checked on 02 Oct 2026.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Vernalis India Private Limited
Employment history and EPFO contributions of people linked to Vernalis India.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Vernalis India Private Limited
Vernalis India Private Limited has 6 board changes on record since 2000: 3 appointments and 3 cessations. The latest: Indu Bharat Grover ceased to be Manager on 30 Jun 2025.
Ceased
Indu Bharat Grover ceased to be Manager.
AGM
Vernalis India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Vernalis India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 01 Feb 2006 via Charge ID 90354639 with Hdfc Bank Limited was fully satisfied on 01 Nov 2021.
Appointed
Rakesh Mahendra Mehta was appointed as Manager.
Charges
A charge with Hdfc Bank Limited of Rs. 75.00 Lakh registered on 01 Feb 2006 with Charge ID 90354639 was modified on 11 Feb 2011.
Ceased
Ujjwala Pendse Ashok ceased to be Director.
Ceased
Jyotsna Dilip Dhuru ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 75.00 Lakh with Charge ID 90354639 was registered on 01 Feb 2006.
Appointed
Abhijit Vijay Bhabhe was appointed as Director.
Appointed
Bharat Sudarshan Grover was appointed as Director.
Incorporation
18 Jul 2000
Vernalis India Private Limited was registered on 18 Jul 2000 with Roc Mumbai & aged 26 years 3 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Vernalis India Private Limited
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MSME Payment Delays by Vernalis India Private Limited
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Subsidiaries & Group Companies of Vernalis India Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Vernalis India Private Limited
Vernalis India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV1604K1ZF | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Vernalis India Private Limited
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Frequently Asked Questions about Vernalis India Private Limited
Vernalis India is an active private limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 18 July 2000 (26+ years old) and is registered under CIN U72200MH2000PTC127764.
Vernalis India reported revenue of ₹66.85 Lakh for FY 2024 (down 77% YoY).
Vernalis India has 3 current directors:
- Abhijit Vijay Bhabhe - Director
- Bharat Sudarshan Grover - Director
- Rakesh Mahendra Mehta - Manager
Vernalis India reported a net loss of ₹1.66 Cr (net margin -248.5%) and EBITDA of -₹1.6 Cr (EBITDA margin -238.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vernalis India is -41% over three years and -16% over five years. In the latest year (FY 2024) revenue fell 77%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vernalis India is 27AABCV1604K1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vernalis India is U72200MH2000PTC127764. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vernalis India has 1 court case on record: 1 filed by the company.
Vernalis India was incorporated on 18 July 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Vernalis India by revenue are Hindusthan Safety Glass Works Private Limited, Protoporos Staffing Services Private Limited, Prayagraj Security Services Private Limited, Habitility Plus Private Limited, 21 Roses Wholesale Private Limited and 5 more, all in the Outsourcing industry (Consulting Services, HR Outsourcing).
Indu Bharat Grover ceased to be Manager on 30 Jun 2025. Rakesh Mahendra Mehta was appointed as Manager on 30 Sep 2015. Ujjwala Pendse Ashok ceased to be Director on 14 Jan 2011. Vernalis India has 6 board changes on record in total.