About VHM Industries Limited
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VHM Industries Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 31 August 1987.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17100MH1987PLC044506. Its GSTIN is 27AAACV1897K1ZT (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹36.5 Cr and a paid-up capital of ₹31.67 Cr. It was formerly known as Vhm Synthetics Private Limited and Vhm Industries Private Limited. It is led by directors including Abhishek Vijayraj Mehta (Managing Director) and Dhanish Vijayraj Mehta.
Its last annual general meeting (AGM) was held on 09 February 2023, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹58.03 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹170.07 Cr (net margin -293%) and EBITDA of -₹195.38 Cr (EBITDA margin -336.7%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years.
The company has about 645 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: VHM Industries. As per MCA filings, the company has open charges of ₹645.01 Cr and satisfied charges of ₹5.42 Cr on record. Court records list 132 cases involving the company, including 25 filed by the company and 107 filed against it; 60 cases are pending. The company has 22 deals on record (14 funding rounds, 6 secondary share transfers, 2 rights issues), with disclosed funding of ₹71.13 Cr; the latest was in September 2018. Its 6 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 3 smaller; the largest is Papcon (Indore) Pvt Ltd with revenue of ₹58.15 Cr. The company has 4 MSME Form 1 returns on record between 2018 and 2019, listing 330 overdue payments to 4 micro and small suppliers.
The last known website on record is vhmindia.in.
Company details
Name history
VHM Industries has undergone 3 name changes throughout its history. The company was previously known as Vhm Synthetics Private Limited, Vhm Industries Private Limited, and Vhmtex Synthetics Private Limited. The current legal name is Vhm Industries Limited.
| Company Name | Status |
|---|---|
| VHM Industries Limited | Current |
| Vhm Synthetics Private Limited | Previous |
| Vhm Industries Private Limited | Previous |
| Vhmtex Synthetics Private Limited | Previous |
CIN history
VHM Industries has one previous CIN (Corporate Identification Number): U17100MH1987PTC044506. The current CIN is U17100MH1987PLC044506, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17100MH1987PLC044506 | Current |
| U17100MH1987PTC044506 | Previous |
Contact details
VHM Industries Limited's registered office is in Mumbai, Maharashtra. Its website is vhmindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address614 – 616 Floor – 6 Shah & Nahar Industrial Estate Laxminar Singhpapan Marg Off Dr.E.Moses, Road Worli, Mumbai, Maharashtra, India – 400018
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of VHM Industries 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
VHM Industries operates one associated brand: VHM Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures textile products for industrial use in India. | vhmindia.in |
Business activity
The main business activity of VHM Industries is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of VHM Industries Limited, buy the company report.
Financials of VHM Industries Limited
FY 2022 filings availableVHM Industries Limited reported revenue of ₹58.03 Cr (up 240% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 240% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 54%. EBITDA fell 325% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹58.03 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹195.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹170.07 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -336.7% | ||||
| Net Profit Margin | -293% | ||||
| 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 VHM Industries Limited, buy the company report.
Board of directors and KMP of VHM Industries Limited
VHM Industries Limited currently reports 4 directors and 1 key managerial person. 5 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhanish Vijayraj Mehta Also directs: Sweta Synthetics Private Limited, VHM Apparels Private Limited, Shweta Finance and Investment Limited and 5 more | Director | 27 Nov 2015 | 10 Years 10 Months | As last reported |
| Abhishek Vijayraj Mehta Also directs: Sweta Synthetics Private Limited, VHM Apparels Private Limited | Managing Director | 31 Aug 1987 | 39 Years 1 Months | As last reported |
| Uttamben Vijayraj Mehta | Director | 31 Aug 1987 | 39 Years 1 Months | As last reported |
| Ashish Avinash Saoji Also directs: Incorp Restructuring Services LLP | Irp/Rp/Liquidator | 01 Jul 2025 | 1 Years 3 Months | As last reported |
| Jignesh Dineshlal Nagar | Cfo | 10 Jan 2015 | 11 Years 9 Months | As last reported |
Peer comparison
VHM Industries Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Papcon (Indore) Pvt Ltd | ₹58.15 Cr (FY 2025) | 5.0% | Indore, Madhya Pradesh, India | |||
| Shri Maru Silk Mills Private Limited | ₹58.12 Cr (FY 2024) | 5.0% | Surat, Gujarat, India | |||
| GJ Innovations & Textile Network Private Limited | ₹58.05 Cr (FY 2024) | 12.0% | Virudhunagar, Tamil Nadu, India | |||
| VHM Industries Limitedthis company | ₹58.03 Cr (FY 2022) | -₹170.07 Cr | -293% | 240.0% | 645 | Mumbai, Maharashtra, India |
| Shree Jeenmata Dyeing and Printing Mills Private Limited | ₹58.01 Cr (FY 2024) | 3.0% | Mumbai, Maharashtra, India | |||
| Shri Jagdamba Silk Mills Private Limited | ₹58.01 Cr (FY 2025) | -2.0% | Ichalkaranji, Maharashtra, India | |||
| Balkrishna Synthetics Limited | ₹58.01 Cr (FY 2016) | -4.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of VHM Industries Limited, buy the company report.
Auditor
VHM Industries Limited is audited by K A POLICEPATIL & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K A POLICEPATIL & CO | FY 2022 | 128118W |
Shareholding
The shareholding of VHM Industries Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of VHM Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Sep 2016 | 100052830 | Sbicap Trustee Company Limited | ₹175.81 Cr | Open | |
| 14 Sep 2015 | 10595500 | State Bank of India | ₹120.92 Cr | Open | |
| 19 Mar 2015 | 10556944 | State Bank of India | ₹135 Cr | Open | |
| 07 Dec 2000 | 90225116 | State Bank of India | ₹159.28 Cr | Open | |
| 07 Dec 2000 | 90223209 | State Bank of India | ₹54 Cr | Open |
To see the full charge records of VHM Industries Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
VHM Industries Limited has 22 deals on record (14 funding rounds, 6 secondary share transfers, 2 rights issues), with disclosed funding of ₹71.13 Cr; the latest was in September 2018.
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Others VHM Industries Seller: Hapline Commodities Private Limited , Lookline Vinimay Private Limited , Adamina Traders Private Limited |
| Aug 2015 | Rights issue | ₹25.89 Cr | Investors: Chandrachur Vinimay Private Limited , Yantra Natural Resources Limited |
| Aug 2015 | Funding round | ₹4.23 Cr | Investors: Indivar Traders Private Limited , Adamina Traders Private Limited , Yantra Natural Resources Limited |
| Jun 2015 | Funding round | ₹2.9 Cr | Investors: Hapline Commodities Private Limited , Lookline Vinimay Private Limited , Sanguine Media Limited |
| May 2015 | Funding round | ₹4 Cr | Investors: Sunayana Investment Company Limited, Sanguine Media Limited |
To see the full deal history of VHM Industries 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
VHM Industries Limited has 132 court cases on record: 25 filed by VHM Industries, 107 filed against it. 60 cases are pending and 72 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 119 | 95 | 58 |
| NCLT | 8 | 8 | 0 |
| High courts | 5 | 4 | 2 |
Cases on record (5 of 132)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Power2sme Pvt Limited | Pending |
| District court, Chennai, Tamil Nadu | Court case (PC) | Filed against the company by Cholamandalam Investment and Finance Co Ltd Rep by Its Power of Attorney Mr D Vimalan | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by M/S Power2sme Pvt Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Svakarma Finance Pvt.Ltd | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Torrent Power Limited Through Kailash Patil | Pending |
To see the full case history of VHM Industries 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.
Credit ratings & regulatory alerts
VHM Industries Limited was last rated by Brickwork on 11 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 11 Oct 2021 |
To see the full credit ratings and regulatory alerts of VHM Industries Limited, buy the company report.
MSME payment delays
VHM Industries Limited has 4 MSME Form 1 returns on record between 2018 and 2019, listing 330 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| R C Jain & Associates LLP | |||
| H.Jeevanlal & Company | |||
| an individual supplier |
To see the full MSME payment records of VHM Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
VHM Industries Limited has a workforce of 645 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
VHM Industries has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV1897K1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VHM Industries Limited, buy the company report.
Recent activity
VHM Industries Limited has 10 board changes on record since 1987: 5 appointments and 5 cessations. The latest: Ashish Avinash Saoji was appointed as Irp/Rp/Liquidator on 01 Jul 2025.
27 earlier events are in the company report.
Frequently asked questions
VHM Industries is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
VHM Industries is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 31 August 1987 and is registered under CIN U17100MH1987PLC044506. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
VHM Industries has 5 current directors and KMP:
- Abhishek Vijayraj Mehta - Managing Director
- Dhanish Vijayraj Mehta - Director
- Uttamben Vijayraj Mehta - Director
- Ashish Avinash Saoji - Irp/Rp/Liquidator
- Jignesh Dineshlal Nagar - Cfo
The latest financial statements of VHM Industries on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 09 February 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of VHM Industries is U17100MH1987PLC044506. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VHM Industries has open charges of ₹645.01 Cr and satisfied charges of ₹5.42 Cr as per latest MCA filings.
VHM Industries has 132 court cases on record: 25 filed by the company and 107 filed against it. 60 are pending. Most are in the district courts.
VHM Industries was incorporated on 31 August 1987. It is registered with the Registrar of Companies, Mumbai.
VHM Industries has 22 deals on record (14 funding rounds, 6 secondary share transfers, 2 rights issues), with disclosed funding of ₹71.13 Cr; the latest was in September 2018.
The peers of VHM Industries by revenue are Papcon (Indore) Pvt Ltd, Shri Maru Silk Mills Private Limited, GJ Innovations & Textile Network Private Limited, Shree Jeenmata Dyeing and Printing Mills Private Limited, Shri Jagdamba Silk Mills Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Ashish Avinash Saoji was appointed as Irp/Rp/Liquidator on 01 Jul 2025. Dineshkumar Nemichand Jain ceased to be Director on 07 Mar 2020. Jawanmal Chunilal Jain ceased to be Director on 10 Oct 2019. VHM Industries has 10 board changes on record in total.
VHM Industries has 4 MSME Form 1 returns on record between 2018 and 2019, listing 330 overdue payments to 4 micro and small suppliers. The latest return was filed on 09 Jun 2019.