MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-KL-10-0028467
Vikas Money Limited - financial services in Cherpulassery, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹10.72 Cr
▼ 26% YoY
Net loss · FY 2025
₹1.29 Cr
Net margin -12%
EBITDA · FY 2025
₹3.12 Cr
EBITDA margin 29.1%
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹10.85 Cr
Issued & subscribed
Open charges
₹20.54 Cr
Satisfied ₹25.98 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
40
Provident fund records
About Vikas Money Limited
Data last updated:
Vikas Money Limited is a public limited company based in Cherpulassery, Kerala, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 09 April 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65921KL1987PLC004741. Its GSTIN is 32AAACV7917N1ZZ (Kerala).
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹10.85 Cr. It was formerly known as Vikas Hire Purchase Company Limited and Vikas Hire Purchase Company Private Limited. It is led by directors including Ayanapara Pradeepmenon (Managing Director) and Pilavazhi Santhakumari (Whole-Time Director).
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 13/1528 First Floor Anjali Complex Kavuvattom, Cherpulassery, Kerala, India – 679503.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.72 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹1.29 Cr (net margin -12%) and EBITDA of ₹3.12 Cr (EBITDA margin 29.1%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 28% over five years.
The company has about 40 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vikas Money Ltd. As per MCA filings, the company has open charges of ₹20.54 Cr and satisfied charges of ₹25.98 Cr on record. Court records list 1,366 cases involving the company, including 1,345 filed by the company and 21 filed against it; 830 cases are pending.
Vikas Money Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-10-0028467). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vikasmoney.com.
Company details
CIN U65921KL1987PLC004741
Registration Number 004741
Incorporation Date 09 April 1987
ROC Ernakulam
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-KL-10-0028467
Name history
Vikas Money has undergone 2 name changes throughout its history. The company was previously known as Vikas Hire Purchase Company Limited, and Vikas Hire Purchase Company Private Limited. The current legal name is Vikas Money Limited.
| Company Name | Status |
|---|---|
| Vikas Money Limited | Current |
| Vikas Hire Purchase Company Limited | Previous |
| Vikas Hire Purchase Company Private Limited | Previous |
Key People
Ayanapara Pradeepmenon Managing Director Pilavazhi Santhakumari Whole-Time Director Rajitha Valayangat Whole-Time Director Recognitions & Rankings of Vikas Money
Contact details
Vikas Money Limited's registered office is in Cherpulassery, Kerala. Its website is vikasmoney.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address13/1528 First Floor Anjali Complex Kavuvattom, Cherpulassery, Kerala, India – 679503
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Vikas Money Limited, buy the company report.
Comprehensive company report
Vikas Money 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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Brands
Vikas Money operates one associated brand: Vikas Money Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services including loans and NBFC operations in Kerala, India. | vikasmoney.com |
Business activity
The main business activity of Vikas Money is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Vikas Money Limited, buy the company report.
Financials of Vikas Money Limited
FY 2025 filings availableVikas Money Limited reported revenue of ₹10.72 Cr (down 26% YoY) for FY 2025.
Revenue · FY 2025
₹10.72 Cr ▼ 26%
Net loss · FY 2025
₹1.29 Cr margin -12%
EBITDA · FY 2025
₹3.12 Cr margin 29.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 26%
3 years · compounded
▲ 19%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▼ 55%
3 years · compounded
▲ 14%
5 years · compounded
▲ 25%
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 28%. EBITDA fell 55% 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 | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.29 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 29.1% | ||||
| Net Profit Margin | -12% | ||||
| 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 Vikas Money Limited, buy the company report.
Board of directors of Vikas Money Limited
Vikas Money has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ayanapara Pradeepmenon | Managing Director | 30 Mar 2013 | 13 Years 7 Months | Current |
| Pilavazhi Santhakumari Also directs: Aeppyem Chits and Kuries Private Limited, Marthya Vikas Foundation, Prachodhan Retail Private Limited and 1 more | Whole-Time Director | 01 Nov 2012 | 14 Years 0 Months | Current |
| Surya Menon | Director | 06 Jan 2020 | 6 Years 9 Months | Current |
| Rajitha Valayangat Also directs: Aeppyem Chits and Kuries Private Limited, Marthya Vikas Foundation, Prachodhan Retail Private Limited and 1 more | Whole-Time Director | 18 Jan 2017 | 9 Years 9 Months | Current |
| Satheesh | Director | 01 Nov 2013 | 13 Years 0 Months | Current |
Peer comparison
Vikas Money Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Victora Stock-Invest Private Limited | ₹10.78 Cr (FY 2025) | 22.0% | New Delhi, Delhi, India | |||
| Aristo Traders Pvt Ltd | ₹10.75 Cr (FY 2024) | -14.0% | Ahmedabad, Gujarat, India | |||
| Sarita Computers Pvt Ltd | ₹10.73 Cr (FY 2022) | 908.0% | Kolkata, West Bengal, India | |||
| Bindal Finvest Pvt. Ltd. | ₹10.73 Cr (FY 2025) | -29.0% | Kolkata, West Bengal, India | |||
| Vikas Money Limitedthis company | ₹10.72 Cr (FY 2025) | -₹1.29 Cr | -12% | -26.0% | 40 | Cherpulassery, Kerala, India |
| HDFC Holdings Limited | ₹10.71 Cr (FY 2019) | 10.0% | Mumbai, Maharashtra, India | |||
| Cookiejar Technologies Private Limited | ₹10.61 Cr (FY 2025) | 40.0% | Pune, Maharashtra, India | |||
| Apollo Industries and Projects Limited | ₹10.57 Cr (FY 2025) | 6.0% | Mehsana, Gujarat, India |
To see the full peer comparison of Vikas Money Limited, buy the company report.
Auditor
Vikas Money Limited is audited by Balan&Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Balan&Co | FY 2022 | 000340S |
Shareholding
The shareholding of Vikas Money Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vikas Money Limited, buy the company report.
Charges & borrowings
Open charges
₹20.54 Cr
Satisfied charges
₹25.98 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Sep 2025 | 101169875 | Others | ₹1.04 Cr | Open | |
| 24 Jun 2025 | 101139535 | Others | ₹79.45 Lakh | Open | |
| 20 Jun 2025 | 101139534 | Others | ₹1.61 Cr | Open | |
| 26 Nov 2024 | 101014279 | Others | ₹8 Lakh | Open | |
| 18 Oct 2024 | 101011714 | Others | ₹82.42 Lakh | Open |
To see the full charge records of Vikas Money Limited, buy the company report.
Total charge records: 46 View all charges
Legal cases
Vikas Money Limited has 1,366 court cases on record: 1,345 filed by Vikas Money, 21 filed against it. 830 cases are pending and 536 are disposed.
Total cases
1,366
Filed by the company
1,345
Filed against the company
21
Pending
830
Disposed
536
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,345 | 14 | 828 |
| High courts | 21 | 7 | 2 |
Cases on record (5 of 1,366)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Palakkad, Kerala | Court case (EP(Arb)) | Filed by the company against Vishnu | Pending |
| District court, Palakkad, Kerala | Court case (EP(Arb)) | Filed by the company against an individual | Pending |
| District court, Malappuram, Kerala | Court case (EP(Arb)) | Filed by the company against an individual | Pending |
| District court, Malappuram, Kerala | Court case (EP(Arb)) | Filed by the company against an individual | Pending |
| District court, Palakkad, Kerala | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Vikas Money 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
Vikas Money Limited was last rated by Crisil on 30 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Nov 2020 |
To see the full credit ratings and regulatory alerts of Vikas Money Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vikas Money Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vikas Money Limited has a workforce of 40 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
40
Active EPFO establishments
1
Employee growth
-38.46%
GST
Vikas Money has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACV7917N1ZZ | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vikas Money Limited, buy the company report.
Recent activity
Vikas Money Limited has 14 board changes on record since 2010: 5 appointments and 9 cessations. The latest: Gopalakrishnan Venkita Ramanan ceased to be Company Secretary on 26 Nov 2022.
Charges
A charge registered on 20 Sep 2023 via Charge ID 100784840 with The South Indian Bank Limited was fully satisfied on 12 Nov 2025.
Charges
A charge registered on 08 Sep 2023 via Charge ID 100828455 with The Catholic Syrian Bank Ltd was fully satisfied on 23 Oct 2025.
AGM
Vikas Money Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1.04 Cr with Charge ID 101169875 was registered on 18 Sep 2025.
Charges
A charge with Others amounted to Rs. 0.79 Cr with Charge ID 101139535 was registered on 24 Jun 2025.
Charges
A charge with Others amounted to Rs. 1.61 Cr with Charge ID 101139534 was registered on 20 Jun 2025.
Filing
Vikas Money Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Charges
A charge registered on 18 Mar 2022 via Charge ID 100574477 with Others was fully satisfied on 12 Feb 2025.
Charges
A charge registered on 18 Mar 2022 via Charge ID 100574479 with Others was fully satisfied on 12 Feb 2025.
Charges
A charge registered on 15 Jan 2020 via Charge ID 100319442 with Others was fully satisfied on 12 Feb 2025.
Charges
A charge registered on 15 Nov 2019 via Charge ID 100310986 with Others was fully satisfied on 12 Feb 2025.
Charges
A charge registered on 06 Sep 2019 via Charge ID 100306020 with Others was fully satisfied on 12 Feb 2025.
91 earlier events are in the company report.
Frequently asked questions
Vikas Money is an active public limited company based in Cherpulassery, Kerala, India. The company works in nbfc, within the financial services industry. It was incorporated on 09 April 1987 (39+ years old) and is registered under CIN U65921KL1987PLC004741.
Vikas Money has 5 current directors:
- Ayanapara Pradeepmenon - Managing Director
- Pilavazhi Santhakumari - Whole-Time Director
- Rajitha Valayangat - Whole-Time Director
- Surya Menon - Director
- Satheesh - Director
The latest financial statements of Vikas Money 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 2015 are in the company report.
The GSTIN of Vikas Money is 32AAACV7917N1ZZ, registered in Kerala.
The CIN (Corporate Identification Number) of Vikas Money is U65921KL1987PLC004741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vikas Money has 1,366 court cases on record: 1,345 filed by the company and 21 filed against it. 830 are pending. Most are in the district courts.
Vikas Money was incorporated on 09 April 1987, making it 39+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Vikas Money by revenue are Victora Stock-Invest Private Limited, Aristo Traders Pvt Ltd, Sarita Computers Pvt Ltd, Bindal Finvest Pvt. Ltd, HDFC Holdings Limited and 2 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Gopalakrishnan Venkita Ramanan ceased to be Company Secretary on 26 Nov 2022. Surya Menon ceased to be Additional Director on 31 Dec 2020. Ajayagosh Gopalakrishnan ceased to be Additional Director on 19 Jun 2020. Vikas Money has 14 board changes on record in total.
Yes, Vikas Money is registered as a small enterprise under Udyam registration (number: UDYAM-KL-10-0028467).
Vikas Money can be reached through the website vikasmoney.com. Its registered office is in Cherpulassery, Kerala, India.
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