About Vernekar Associates Private Limited
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Vernekar Associates Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the engineering design and consultancy segment of the engineering sector. It was incorporated on 01 December 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74210KA2004PTC035132. Its GSTIN is 29AABCV9596N1Z6 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pankaj Suresh Vernekar (Whole-Time Director) and Jamuna Vernekar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at No. 8 1st A Main Road Stag Extension St Bed 4th Block Koramangala, Bangalore, Karnataka, India – 560095.
As per the financials filed for FY 2017, the company reported a revenue of ₹3.96 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹54.34 Lakh (net margin -13.7%) and EBITDA of -₹40.82 Lakh (EBITDA margin -10.3%).
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹79.22 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website vernekar.in.
Company details
Contact details
Vernekar Associates Private Limited's registered office is in Bangalore, Karnataka. Its website is vernekar.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressNo. 8 1st A Main Road Stag Extension St Bed 4th Block Koramangala, Bangalore, Karnataka, India – 560095
- IndustryEngineering, Engineering Design & Consultancy
To see the full contact details of Vernekar Associates 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 Vernekar Associates is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Vernekar Associates Private Limited, buy the company report.
Financials of Vernekar Associates Private Limited
FY 2017 filings availableVernekar Associates Private Limited reported revenue of ₹3.96 Cr (down 26% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 26% in the latest year. EBITDA fell 164% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹3.96 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹40.82 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹54.34 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -10.3% | ||
| Net Profit Margin | -13.7% | ||
| 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 | |||
To see the full financial statements and ratios of Vernekar Associates Private Limited, buy the company report.
Board of directors of Vernekar Associates Private Limited
Vernekar Associates has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Suresh Vernekar Also directs: Konark Real Estate Co-Ordinators Private Limited | Whole-Time Director | 01 Dec 2004 | 21 Years 11 Months | Current |
| Jamuna Vernekar Also directs: Konark Real Estate Co-Ordinators Private Limited | Whole-Time Director | 01 Dec 2004 | 21 Years 11 Months | Current |
Peer comparison
Vernekar Associates Private Limited is compared with the 3 companies closest to it by revenue in the Engineering industry (Engineering Design), with the same principal business activity (architecture, engineering activities, technical testing and analysis activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Quadra Architects Private Limited | ₹3.97 Cr (FY 2025) | -8.0% | Kodambakkam, Chennai-24, Tamil Nadu, India | |||
| Vernekar Associates Private Limitedthis company | ₹3.96 Cr (FY 2017) | -₹54.34 Lakh | -13.7% | -26.0% | 17 | Bangalore, Karnataka, India |
| Asia Engineering & Industries Co Pvt Ltd | ₹3.95 Cr (FY 2025) | 8.0% | Kolkata, West Bengal, India | |||
| Kapil Design Consultants Private Limited | ₹3.94 Cr (FY 2025) | -21.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Vernekar Associates Private Limited, buy the company report.
Auditor
Vernekar Associates Private Limited is audited by RAVINDRANATH & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAVINDRANATH & CO | FY 2017 | 03224S |
Shareholding
The shareholding of Vernekar Associates Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Vernekar Associates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Nov 2022 | 100743968 | Axis Bank Limited | ₹79.22 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Vernekar Associates Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company | Disposed |
To see the full case history of Vernekar Associates Private 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 Vernekar Associates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vernekar Associates Private Limited has a workforce of 17 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Vernekar Associates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCV9596N1Z6 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vernekar Associates Private Limited, buy the company report.
Recent activity
Vernekar Associates Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Jamuna Vernekar was appointed as Whole-Time Director on 01 Dec 2004.
Frequently asked questions
Vernekar Associates is an active private limited company based in Bangalore, Karnataka, India. The company works in engineering design and consultancy, within the engineering industry. It was incorporated on 01 December 2004 (22+ years old) and is registered under CIN U74210KA2004PTC035132.
Vernekar Associates has 2 current directors:
- Pankaj Suresh Vernekar - Whole-Time Director
- Jamuna Vernekar - Whole-Time Director
The latest financial statements of Vernekar Associates on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Vernekar Associates is 29AABCV9596N1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Vernekar Associates is U74210KA2004PTC035132. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vernekar Associates has 1 court case on record: 1 filed against it.
Vernekar Associates was incorporated on 01 December 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Vernekar Associates by revenue are Quadra Architects Private Limited, Asia Engineering & Industries Co Pvt Ltd, Kapil Design Consultants Private Limited, all in the Engineering industry (Engineering Design), with the same principal business activity (architecture, engineering activities, technical testing and analysis activities).
Jamuna Vernekar was appointed as Whole-Time Director on 01 Dec 2004. Pankaj Suresh Vernekar was appointed as Whole-Time Director on 01 Dec 2004.
Vernekar Associates can be reached through the website vernekar.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Vernekar Associates is at No. 8 1st A Main Road Stag Extension St Bed 4th Block Koramangala, Bangalore, Karnataka, India – 560095.
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