About Vikas Mines Private Limited
Data last updated:
Vikas Mines Private Limited is a private limited company based in Distt Rajsamand, Rajasthan, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 02 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U14101RJ1994PTC008738. Its GSTIN is 08AACCV3586H1Z0 (Rajasthan).
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors including Babu Lal Kothari and Chandra Kothari.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sadar Bazar Kelwa, Distt Rajsamand, Rajasthan, India – 313334.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.83 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹11.21 Lakh (net margin 2.9%) and EBITDA of ₹87.2 Lakh (EBITDA margin 22.7%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 2% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.1 Cr and satisfied charges of ₹11.41 Cr on record. Court records list 17 cases involving the company, including 8 filed by the company and 6 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vikasmarble.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSadar Bazar Kelwa, Distt Rajsamand, Rajasthan, India – 313334
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
- 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
- One PDF report, delivered after checkout
Business Activity of Vikas Mines Private Limited
The main business activity of Vikas Mines is mining and quarrying. In detail, this covers other mining & quarrying activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Vikas Mines Private Limited FY 2025 filings available
Vikas Mines Private Limited reported revenue of ₹3.83 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Vikas Mines Private Limited
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 15% 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 of Vikas Mines Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹87.2 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.21 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 of Vikas Mines Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Vikas Mines are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Vikas Mines Private Limited
Vikas Mines Private Limited is audited by HINGER AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HINGER AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Vikas Mines Private Limited
Vikas Mines has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Babu Lal Kothari Also directs: Vikas Marmo and Mines Pvt.Ltd., Vikas Balaji Marmo Private Limited | Director | 02 Sep 1994 | 32 Years 1 Months | Current |
| Chandra Kothari | Director | 01 Feb 2011 | 15 Years 8 Months | Current |
| Anil Kothari Also directs: Vikas Marmo and Mines Pvt.Ltd., Kothari (India) Private Limited | Director | 30 Apr 2007 | 19 Years 5 Months | Current |
| Manoj Kothari Also directs: Vikas Marmo and Mines Pvt.Ltd. | Director | 01 Feb 2011 | 15 Years 8 Months | Current |
| Vikas Kothari Also directs: Vikas Marmo and Mines Pvt.Ltd., Kothari (India) Private Limited | Director | 01 Feb 2011 | 15 Years 8 Months | Current |
Ownership and Shareholding of Vikas Mines Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Vikas Mines Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Sep 2025 | Hdfc Bank Limited | ₹2.1 Cr | Open |
| 07 Dec 2021 | Others | ₹60 Lakh | Satisfied |
| 13 Jul 2021 | Others | ₹3.35 Cr | Satisfied |
| 24 Apr 2013 | Icici Bank Limited | ₹99.2 Lakh | Satisfied |
| 31 Mar 2012 | Icici Bank Limited | ₹31.7 Lakh | Satisfied |
Total charge records: 25 View all charges
Legal Cases of Vikas Mines Private Limited
Vikas Mines Private Limited has 17 court cases on record: 8 filed by Vikas Mines, 6 filed against it, 3 where it is another party. 5 cases are pending and 12 are disposed. Status as checked between 29 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 6 | 5 |
| Supreme Court | 1 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Rajasthan | Appeal | Filed against the company by United India Insurance Company Limited | Pending |
| High Court of Rajasthan | Court case (CSTAY) | Filed against the company by United India Insurance Company Limited | Pending |
| Supreme Court | Special leave petition | Filed by the company against United India Insurance Co Ltd(01.01.73) | Disposed |
| High Court of Rajasthan | Writ petition | Company is another party | Pending |
| High Court of Rajasthan | Writ petition | Company is another party | Disposed |
Full case history
All 17 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Vikas Mines Private Limited
Vikas Mines Private Limited has a workforce of 10 employees as of Mar 22, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Vikas Mines Private Limited
Vikas Mines Private Limited has 7 board changes on record since 1994: 5 appointments and 2 cessations. The latest: Chandra Kothari was appointed as Director on 01 Feb 2011.
49 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vikas Mines Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Vikas Mines Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Vikas Mines Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Vikas Mines Private Limited
Vikas Mines has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AACCV3586H1Z0 | Rajasthan | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Vikas Mines Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Vikas Mines Private Limited
Vikas Mines is an active private limited company based in Distt Rajsamand, Rajasthan, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 02 September 1994 (32+ years old) and is registered under CIN U14101RJ1994PTC008738.
Vikas Mines reported revenue of ₹3.83 Cr for FY 2025 (down 19% YoY).
Vikas Mines has 5 current directors:
- Babu Lal Kothari - Director
- Chandra Kothari - Director
- Anil Kothari - Director
- Manoj Kothari - Director
- Vikas Kothari - Director
Vikas Mines reported a net profit of ₹11.21 Lakh (net margin 2.9%) and EBITDA of ₹87.2 Lakh (EBITDA margin 22.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vikas Mines is 27% over three years and 2% over five years. In the latest year (FY 2025) revenue fell 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vikas Mines is 08AACCV3586H1Z0, registered in Rajasthan.
The CIN (Corporate Identification Number) of Vikas Mines is U14101RJ1994PTC008738. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vikas Mines has 17 court cases on record: 8 filed by the company and 6 filed against it. 5 are pending. Most are in the high courts.
Vikas Mines was incorporated on 02 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Jaipur.
Chandra Kothari was appointed as Director on 01 Feb 2011. Manoj Kothari was appointed as Director on 01 Feb 2011. Vikas Kothari was appointed as Director on 01 Feb 2011. Vikas Mines has 7 board changes on record in total.