MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0078580
Verve Industries Private Limited
Verve Industries Private Limited - metals and minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹445.25 Cr
▲ 50% YoY
Net profit · FY 2025
₹2.85 Cr
Net margin 0.6%
EBITDA · FY 2025
₹10.24 Cr
EBITDA margin 2.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹364.24 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About Verve Industries Private Limited
Data last updated:
Verve Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 01 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52339MH2019PTC332437. Its GSTIN is 27AAHCV1577H1Z0 (Maharashtra). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chandrakumar Khanmalji Jain (Whole-Time Director) and Sumeet Ghevarchand Jain.
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 Plot No 16 Office No 1 Ground Floor Aman Chamber2 Mama Parmanand Marg Opera House, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2025, the company reported a revenue of ₹445.25 Cr, a growth of 50% compared to the previous year. For the same year it recorded a net profit of ₹2.85 Cr (net margin 0.6%) and EBITDA of ₹10.24 Cr (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years.
As per MCA filings, the company has open charges of ₹364.24 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
Verve Industries Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0078580).
Company details
CIN U52339MH2019PTC332437
Registration Number 332437
Incorporation Date 01 November 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0078580
Recognitions & Rankings of Verve Industries
Contact details
Verve Industries Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 16 Office No 1 Ground Floor Aman Chamber2 Mama Parmanand Marg Opera House, Mumbai, Maharashtra, India – 400004
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Verve Industries Private Limited, buy the company report.
Comprehensive company report
Verve Industries 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Verve Industries is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Verve Industries Private Limited, buy the company report.
Financials of Verve Industries Private Limited
FY 2024 filings availableVerve Industries Private Limited reported revenue of ₹445.25 Cr (up 50% YoY) for FY 2025.
Revenue · FY 2025
₹445.25 Cr ▲ 50%
Net profit · FY 2025
₹2.85 Cr margin 0.6%
EBITDA · FY 2025
₹10.24 Cr margin 2.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 50%
3 years · compounded
▲ 45%
EBITDA CAGR growth
1 year
▲ 22%
3 years · compounded
▼ 6%
5 years · compounded
▲ 301%
Revenue has grown at a compounded annual rate (CAGR) of 45% over three years, including 50% growth in the latest year. EBITDA rose 22% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹10.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.85 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Verve Industries Private Limited, buy the company report.
Board of directors of Verve Industries Private Limited
Verve Industries has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumeet Ghevarchand Jain Also directs: DN Energy Private Limited, Sukaj Colby Industries Private Limited | Director | 01 Nov 2019 | 6 Years 11 Months | Current |
| Chandrakumar Khanmalji Jain Also directs: DN Energy Private Limited | Whole-Time Director | 01 Nov 2019 | 6 Years 11 Months | Current |
Auditor
Verve Industries Private Limited is audited by R Rishab Nahar & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R Rishab Nahar & Co | FY 2023 | 017476S |
Shareholding
The shareholding of Verve Industries Private Limited is on record for 3 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 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Verve Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹364.24 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2025 | 101160469 | Others | ₹335 Cr | Open | |
| 08 Jun 2023 | 100731723 | Axis Bank Limited | ₹29.24 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Verve Industries Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
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, MAHARASHTRA | Commercial suit | Filed against the company by Mape Pharmascience LLP and Anr and 1 other | Disposed |
To see the full case history of Verve Industries 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
Verve Industries Private Limited has 5 MSME Form 1 returns on record between 2021 and 2022, listing 9 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 |
|---|---|---|---|
| Powerfly Aviation Services Private Limited | |||
| Globe International Carriers Limited | |||
| Abcd & Co |
To see the full MSME payment records of Verve Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Verve Industries has 6 GST registrations: 2 active and 4 cancelled or inactive.
Total GSTINs
6
Active
2
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCV1577H1Z0 | Maharashtra | Active | 17 Nov 2019 |
| 22AAHCV1577H1ZA | Chattisgarh | Active | 28 Nov 2019 |
To see the full GST registrations and return filing status of Verve Industries Private Limited, buy the company report.
Recent activity
Verve Industries Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Chandrakumar Khanmalji Jain ceased to be Director on 12 Oct 2020.
Charges
A charge with Others amounted to Rs. 33,500.00 Lakh with Charge ID 101160469 was registered on 30 Jul 2025.
AGM
Verve Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Verve Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Axis Bank Limited amounted to Rs. 2,923.50 Lakh with Charge ID 100731723 was registered on 08 Jun 2023.
Ceased
Chandrakumar Khanmalji Jain ceased to be Director.
Appointed
Chandrakumar Khanmalji Jain was appointed as Whole-Time Director.
Appointed
Sumeet Ghevarchand Jain was appointed as Director.
Incorporation
01 Nov 2019
Verve Industries Private Limited was registered on 01 Nov 2019 with Roc Mumbai & aged 6 years 11 months as per MCA records.
Frequently asked questions
Verve Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 01 November 2019 (7+ years old) and is registered under CIN U52339MH2019PTC332437.
Verve Industries has 2 current directors:
- Chandrakumar Khanmalji Jain - Whole-Time Director
- Sumeet Ghevarchand Jain - Director
The latest financial statements of Verve Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Verve Industries is 27AAHCV1577H1Z0, registered in Maharashtra. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 22AAHCV1577H1ZA (Chattisgarh).
The CIN (Corporate Identification Number) of Verve Industries is U52339MH2019PTC332437. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verve Industries has 1 court case on record: 1 filed against it.
Verve Industries was incorporated on 01 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Chandrakumar Khanmalji Jain ceased to be Director on 12 Oct 2020. Chandrakumar Khanmalji Jain was appointed as Whole-Time Director on 01 Nov 2019. Sumeet Ghevarchand Jain was appointed as Director on 01 Nov 2019.
Yes, Verve Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0078580).
Verve Industries has 5 MSME Form 1 returns on record between 2021 and 2022, listing 9 overdue payments to 3 micro and small suppliers. The latest return was filed on 08 Feb 2024.
The registered office of Verve Industries is at Plot No 16 Office No 1 Ground Floor Aman Chamber2 Mama Parmanand Marg Opera House, Mumbai, Maharashtra, India – 400004.