MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-14-0011192
Vertis Products Private Limited
Vertis Products Private Limited - manufacturing in Mehsana, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.27 Cr
▲ 9% YoY
Net profit · FY 2024
₹4.44 Lakh
Net margin 1.4%
EBITDA · FY 2024
₹79.73 Lakh
EBITDA margin 24.4%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹4.35 Cr
Satisfied ₹4.32 Cr
Company age
9 yrs
Est. 2017
Directors on board
4
As per MCA filings
About Vertis Products Private Limited
Data last updated:
Vertis Products Private Limited is a private limited company based in Mehsana, Gujarat, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 24 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36999GJ2017PTC097529. Its GSTIN is 24AAFCV9369K1ZN (Gujarat).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Mahesh Mangalbhai Patel and Rakesh Kantilal Patel.
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 23/1 GIDC Estate Budasan Ta. Kadi, Mehsana, Gujarat, India – 382715.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.27 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹4.44 Lakh (net margin 1.4%) and EBITDA of ₹79.73 Lakh (EBITDA margin 24.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 23% over five years.
As per MCA filings, the company has open charges of ₹4.35 Cr and satisfied charges of ₹4.32 Cr on record.
Vertis Products Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-14-0011192). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U36999GJ2017PTC097529
Registration Number 097529
Incorporation Date 24 May 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-14-0011192
Key People
Mahesh Mangalbhai Patel Director Rakesh Kantilal Patel Director Chetan Kantilal Patel Director Recognitions & Rankings of Vertis Products
Contact details
Vertis Products Private Limited's registered office is in Mehsana, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address23/1 GIDC Estate Budasan Ta. Kadi, Mehsana, Gujarat, India – 382715
- IndustryManufacturing, Construction Materials
To see the full contact details of Vertis Products Private Limited, buy the company report.
Comprehensive company report
Vertis Products Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Vertis Products is accommodation and food service. In detail, this covers food and beverage services provided by hotels, restaurants, caterers, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of Vertis Products Private Limited, buy the company report.
Financials of Vertis Products Private Limited
FY 2025 filings availableVertis Products Private Limited reported revenue of ₹3.27 Cr (up 9% YoY) for FY 2024.
Revenue · FY 2024
₹3.27 Cr ▲ 9%
Net profit · FY 2024
₹4.44 Lakh margin 1.4%
EBITDA · FY 2024
₹79.73 Lakh margin 24.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▼ 2%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▼ 1%
5 years · compounded
▲ 54%
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 9% growth in the latest year. EBITDA fell 2% 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 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 | ₹79.73 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.44 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24.4% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 Vertis Products Private Limited, buy the company report.
Board of directors of Vertis Products Private Limited
Vertis Products has 4 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 |
|---|---|---|---|---|
| Mahesh Mangalbhai Patel | Director | 24 May 2017 | 9 Years 5 Months | Current |
| Rakesh Kantilal Patel | Director | 24 May 2017 | 9 Years 5 Months | Current |
| Chetan Kantilal Patel Also directs: Imagine 369 LLP | Director | 24 May 2017 | 9 Years 5 Months | Current |
| Jay Ashvinbhai Patel | Director | 03 Jun 2025 | 1 Years 5 Months | Current |
Auditor
Vertis Products Private Limited is audited by NIHIL PATEL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIHIL PATEL & ASSOCIATES | FY 2023 | 138007W |
Shareholding
The shareholding of Vertis Products 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 Products Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.35 Cr
Satisfied charges
₹4.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 2023 | 100711592 | Others | ₹4.35 Cr | Open | |
| 15 Mar 2018 | 100195558 | Others | ₹4.32 Cr | Satisfied |
To see the full charge records of Vertis Products Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Vertis Products 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 Products Private Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 7 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Rajeshwari Packers | |||
| an individual supplier |
To see the full MSME payment records of Vertis Products Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Vertis Products has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCV9369K1ZN | Gujarat | Active | 27 Sep 2017 |
To see the full GST registrations and return filing status of Vertis Products Private Limited, buy the company report.
Recent activity
Vertis Products Private Limited has 8 board changes on record since 2017: 4 appointments and 4 cessations. The latest: Jay Ashvinbhai Patel ceased to be Additional Director on 30 Dec 2025.
Ceased
Jay Ashvinbhai Patel ceased to be Additional Director.
AGM
Vertis Products Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Chetan Kantilal Patel ceased to be Director.
Appointed
Jay Ashvinbhai Patel was appointed as Director.
Ceased
Rakesh Kantilal Patel ceased to be Director.
Filing
Vertis Products Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 15 Mar 2018 via Charge ID 100195558 with Others was fully satisfied on 10 Jul 2024.
Ceased
Bharat Mohanlal Patel ceased to be Director.
Charges
A charge with Others of Rs. 4.35 Cr registered on 22 Mar 2023 with Charge ID 100711592 was modified on 02 Jun 2023.
Charges
A charge with Others amounted to Rs. 4.35 Cr with Charge ID 100711592 was registered on 22 Mar 2023.
Charges
A charge with Others of Rs. 4.32 Cr registered on 15 Mar 2018 with Charge ID 100195558 was modified on 31 Jul 2020.
Charges
A charge with Others amounted to Rs. 4.32 Cr with Charge ID 100195558 was registered on 15 Mar 2018.
4 earlier events are in the company report.
Frequently asked questions
Vertis Products is an active private limited company based in Mehsana, Gujarat, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 24 May 2017 (9+ years old) and is registered under CIN U36999GJ2017PTC097529.
Vertis Products has 4 current directors:
- Mahesh Mangalbhai Patel - Director
- Rakesh Kantilal Patel - Director
- Chetan Kantilal Patel - Director
- Jay Ashvinbhai Patel - Director
The latest financial statements of Vertis Products 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 FY 2018 are in the company report.
The GSTIN of Vertis Products is 24AAFCV9369K1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Vertis Products is U36999GJ2017PTC097529. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vertis Products was incorporated on 24 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jay Ashvinbhai Patel ceased to be Additional Director on 30 Dec 2025. Chetan Kantilal Patel ceased to be Director on 03 Jun 2025. Jay Ashvinbhai Patel was appointed as Director on 03 Jun 2025. Vertis Products has 8 board changes on record in total.
Yes, Vertis Products is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-14-0011192).
Vertis Products has 2 MSME Form 1 returns on record between 2019 and 2020, listing 7 overdue payments to 3 micro and small suppliers. The latest return was filed on 02 Oct 2020.
The registered office of Vertis Products is at 231 GIDC Estate Budasan Ta. Kadi, Mehsana, Gujarat, India – 382715.
Vertis Products operates in the manufacturing industry, in the construction materials segment.
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