About Vertis Fund Advisors Private Limited
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Vertis Fund Advisors Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Galaxy Investments Ii Pte Ltd. It operates in the management consultancy segment of the business services sector. It was incorporated on 23 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2010PTC208056. Its GSTIN is 27AAFCP6743H1Z6 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹250 Cr and a paid-up capital of ₹62.23 Cr. It was formerly known as Piramal Roads Infra Private Limited. It is led by directors including Sudha Krishnan and Manish Agarwal.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹57.3 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net loss of ₹18.41 Cr (net margin -32.1%) and EBITDA of -₹20.47 Cr (EBITDA margin -35.7%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years and 7% over five years.
The company has about 19 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Highways Trust and Highway Concessions One Private. As per MCA filings, the company has satisfied charges of ₹50 Cr on record. The company has 14 deals on record (10 secondary share transfers, 2 funding rounds, 2 acquisitions), with disclosed funding of ₹327.31 Cr; the latest was in December 2021. The company has 5 MSME Form 1 returns on record between 2023 and 2024, listing 104 overdue payments to 16 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 highwaystrust.com.
Company details
Name history
Vertis Fund Advisors has undergone 2 name changes throughout its history. The company was previously known as Piramal Roads Infra Private Limited, and Vertis Fund Advisors Private Limited. The current legal name is Vertis Fund Advisors Private Limited.
| Company Name | Status |
|---|---|
| Vertis Fund Advisors Private Limited | Current |
| Piramal Roads Infra Private Limited | Previous |
Contact details
Vertis Fund Advisors Private Limited's registered office is in Mumbai, Maharashtra. Its website is highwaystrust.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 601 – 602 6th Floor Windsor House, Off Cst Road Kalina Santacruz East, Mumbai, Maharashtra, India – 400098
- IndustryBusiness Services, Management Consultancy
To see the full contact details of Vertis Fund Advisors 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
Brands
Vertis Fund Advisors operates two associated brands: Highways Trust and Highway Concessions One Private. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of outsourcing services for investment infrastructure | highwaystrust.com | |
| Highway concessions are invested in, operated, and managed across India. | highwayconcessions.com |
Business activity
The main business activity of Vertis Fund Advisors is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Vertis Fund Advisors Private Limited, buy the company report.
Financials of Vertis Fund Advisors Private Limited
FY 2024 filings availableVertis Fund Advisors Private Limited reported revenue of ₹57.3 Cr (up 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 20% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA fell 336% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹20.47 Cr | ||||
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| Net Profit (PAT) | -₹18.41 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -35.7% | ||||
| Net Profit Margin | -32.1% | ||||
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To see the full financial statements and ratios of Vertis Fund Advisors Private Limited, buy the company report.
Board of directors and KMP of Vertis Fund Advisors Private Limited
Vertis Fund Advisors Private Limited currently reports 9 directors and 3 key managerial personnel. 33 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudha Krishnan Also directs: Graphite India Limited, Tata Motors Passenger Vehicles Limited, Sbi Funds Management Limited and 1 more | Director | 14 Sep 2022 | 4 Years 1 Months | Current |
| Abhishek Chhajer | Cfo | 01 Jan 2024 | 2 Years 9 Months | Current |
| Gaurav Chandna | Ceo | 01 Apr 2024 | 2 Years 6 Months | Current |
| Manish Agarwal Also directs: Project Mumbai Civic Transformation Foundation | Director | 14 Sep 2022 | 4 Years 1 Months | Current |
| Zafar Khan | Ceo | 01 Apr 2024 | 2 Years 6 Months | Current |
| Rajesh Kumar Pandey | Director | 16 May 2024 | 2 Years 5 Months | Current |
Auditor
Vertis Fund Advisors Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Vertis Fund Advisors Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vertis Fund Advisors Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Nov 2012 | 10385996 | Yes Bank Limited | ₹50 Cr | Satisfied |
To see the full charge records of Vertis Fund Advisors Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Vertis Fund Advisors Private Limited has 14 deals on record (10 secondary share transfers, 2 funding rounds, 2 acquisitions), with disclosed funding of ₹327.31 Cr; the latest was in December 2021.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: KKR India Private Equity, Galaxy Investment II Pte Limited & Vidyadhar Seller: Global Infrastructure Partners, Snc Lavalin Inc, Peninsula Holdings and Investments Private Limited |
| May 2021 | Secondary share transfer | Undisclosed | Buyer: Peninsula Holdings and Investments Private Limited Seller: Hagen Business Consulting Private Limited |
| Mar 2021 | Secondary share transfer | Undisclosed | Seller: Global Infrastructure Partners, SNC Lavalin Mauritius Limited, Hagen Business Consulting Private Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Hagen Business Consulting Private Limited Seller: Piramal Infrastructure Private Limited |
| May 2017 | Secondary share transfer | Undisclosed | Seller: Global Infrastructure Partners, Piramal Infrastructure Private Limited , SNC Lavalin Mauritius Limited |
To see the full deal history of Vertis Fund Advisors Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Vertis Fund Advisors 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
Vertis Fund Advisors Private Limited has 5 MSME Form 1 returns on record between 2023 and 2024, listing 104 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| MRB & Associates (Firm) | |||
| an individual supplier | |||
| an individual supplier | |||
| Rudraksh Tours & Travels Private Limited | |||
| Euro Cars India Private Limited |
To see the full MSME payment records of Vertis Fund Advisors Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vertis Fund Advisors Private Limited has a workforce of 19 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Vertis Fund Advisors has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP6743H1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vertis Fund Advisors Private Limited, buy the company report.
Recent activity
Vertis Fund Advisors Private Limited has 44 board changes on record since 2011: 12 appointments and 32 cessations. The latest: Gajendra Mewara ceased to be Company Secretary on 28 Nov 2025.
37 earlier events are in the company report.
News
Frequently asked questions
Vertis Fund Advisors is an active private limited company based in Mumbai, Maharashtra, India. The company works in management consultancy, within the business services industry. It was incorporated on 23 September 2010 (16+ years old) and is registered under CIN U45200MH2010PTC208056.
Vertis Fund Advisors has 12 current directors and KMP:
- Sudha Krishnan - Director
- Manish Agarwal - Director
- Rajesh Kumar Pandey - Director
- Stefano Ghezzi - Nominee Director
- Vaibhav Vaidya - Director
- Hardik Bhadrik Shah - Director
- Michael Nachaty - Nominee Director
- Subramanian Janakiraman - Director
- Soma Sankara Prasad - Director
- Abhishek Chhajer - Cfo
- Gaurav Chandna - Ceo
- Zafar Khan - Ceo
The latest financial statements of Vertis Fund Advisors on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vertis Fund Advisors is 27AAFCP6743H1Z6, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Vertis Fund Advisors is U45200MH2010PTC208056. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vertis Fund Advisors was incorporated on 23 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Vertis Fund Advisors has 14 deals on record (10 secondary share transfers, 2 funding rounds, 2 acquisitions), with disclosed funding of ₹327.31 Cr; the latest was in December 2021.
Gajendra Mewara ceased to be Company Secretary on 28 Nov 2025. Vaibhav Vaidya ceased to be Additional Director on 23 Sep 2025. Vaibhav Vaidya was appointed as Director on 25 Jul 2025. Vertis Fund Advisors has 44 board changes on record in total.
Vertis Fund Advisors has 5 MSME Form 1 returns on record between 2023 and 2024, listing 104 overdue payments to 16 micro and small suppliers. The latest return was filed on 01 May 2024.
Vertis Fund Advisors can be reached through the website highwaystrust.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Vertis Fund Advisors is at Unit No. 601 – 602 6th Floor Windsor House, Off Cst Road Kalina Santacruz East, Mumbai, Maharashtra, India – 400098.