India's Richest People 2026 edition · 1 director · Source: Hurun India
- #257 Jitendra Virwani ₹14,500 Cr
Revenue · FY 2026
₹934.3 Cr
▲ 22% YoY
Net profit · FY 2026
₹57.81 Cr
Net margin 6.2%
EBITDA · FY 2026
₹792.82 Cr
EBITDA margin 84.9%
Authorised capital
₹64.05 Cr
Registered with MCA
Paid-up capital
₹6.52 Cr
Issued & subscribed
Open charges
₹2,583.5 Cr
Satisfied ₹14,802 Cr
Company age
34 yrs
Est. 1992
Employees · EPFO
3
Provident fund records
About Vikas Telecom Private Limited
Data last updated:
Vikas Telecom Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Embassy Office Parks Reit. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 29 May 1992 and has been in existence for over 34 years.
Its director Jitendra Virwani is #257 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U64202KA1992PTC083998. Its GSTIN is 29AABCV4966E1Z1 (Karnataka). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹64.05 Cr and a paid-up capital of ₹6.52 Cr. It was formerly known as Vikas Telecom Ltd. It is led by directors including Jitendra Mohandas Virwani and Molahalli Amit Vikram Shetty.
Its last annual general meeting (AGM) was held on 27 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹934.3 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹57.81 Cr (net margin 6.2%) and EBITDA of ₹792.82 Cr (EBITDA margin 84.9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 2% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Embassy Office Park. As per MCA filings, the company has open charges of ₹2,583.5 Cr and satisfied charges of ₹14,802 Cr on record. Court records list 101 cases involving the company, including 25 filed by the company and 76 filed against it; 7 cases are pending. The company has 17 deals on record (15 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹519.4 Cr; the latest was in August 2022. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 1 larger and 2 smaller; the largest is Mysore Projects Private Limited with revenue of ₹771.77 Cr. The company has 3 MSME Form 1 returns on record between 2019 and 2020, listing 65 overdue payments to 27 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website embassyofficeparks.com.
Company details
CIN U64202KA1992PTC083998
Registration Number 083998
Incorporation Date 29 May 1992
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 June 2025
Date of Balance Sheet 31 March 2025
Parent Company Embassy Office Parks Reit
Compliance Status Active Compliant
CIN history
Vikas Telecom has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U64202KA1992PTC083998, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64202KA1992PTC083998 | Current |
| U64202DL1992PLC154892 | Previous |
| U64202DL1992PTC154892 | Previous |
Key People
Jitendra Mohandas Virwani Nominee Director Molahalli Amit Vikram Shetty Nominee Director Donnie Dominic George Nominee Director Recognitions & Rankings of Vikas Telecom
Contact details
Vikas Telecom Private Limited's registered office is in Bangalore, Karnataka. Its website is embassyofficeparks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address12th Floor Pinnacle Tower Embassy One, 8 Bellary Road Ganganagar Bengaluru, Bangalore, Karnataka, India – 560032
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vikas Telecom Private Limited, buy the company report.
Comprehensive company report
Vikas Telecom 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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Brands
Vikas Telecom operates one associated brand: Embassy Office Park. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Business parks development services are provided in India. | embassyofficeparks.com |
Business activity
The main business activity of Vikas Telecom is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Vikas Telecom Private Limited, buy the company report.
Financials of Vikas Telecom Private Limited
FY 2025 filings availableVikas Telecom Private Limited reported revenue of ₹934.3 Cr (up 22% YoY) for FY 2026.
Revenue · FY 2026
₹934.3 Cr ▲ 22%
Net profit · FY 2026
₹57.81 Cr margin 6.2%
EBITDA · FY 2026
₹792.82 Cr margin 84.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 10%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 10%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 22% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹792.82 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹57.81 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 84.9% | ||||
| Net Profit Margin | 6.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vikas Telecom Private Limited, buy the company report.
Board of directors of Vikas Telecom Private Limited
Vikas Telecom has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Mohandas Virwani | Nominee Director | 30 Aug 2022 | 4 Years 1 Months | Current |
| Molahalli Amit Vikram Shetty | Nominee Director | 05 Nov 2025 | 0 Years 11 Months | Current |
| Donnie Dominic George | Nominee Director | 11 Oct 2022 | 4 Years 0 Months | Current |
| Raghu Sapra | Nominee Director | 24 Dec 2020 | 5 Years 9 Months | Current |
Peer comparison
Vikas Telecom Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vikas Telecom Private Limitedthis company | ₹934.3 Cr (FY 2026) | ₹57.81 Cr | 6.2% | 22.0% | Bangalore, Karnataka, India | |
| Mysore Projects Private Limited | ₹771.77 Cr (FY 2025) | -43.0% | Bangalore, Karnataka, India | |||
| Mindspace Business Parks Private Limited | ₹752.65 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Rostrum Realty Private Limited | ₹748.81 Cr (FY 2025) | 16.0% | Mini Sectt, Haryana, India |
To see the full peer comparison of Vikas Telecom Private Limited, buy the company report.
Auditor
Vikas Telecom Private Limited is audited by S.R. BATLIBOI & ASSOCIATES LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & ASSOCIATES LLP | FY 2024 | 101049W/E300004 |
Shareholding
The shareholding of Vikas Telecom Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vikas Telecom Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2,583.5 Cr
Satisfied charges
₹14,802 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Nov 2025 | 101196185 | Others | ₹200 Cr | Open | |
| 29 Aug 2025 | 101150352 | Others | ₹450 Cr | Open | |
| 29 Jan 2025 | 101042975 | Others | ₹570 Cr | Open | |
| 13 Dec 2024 | 101016928 | Others | ₹200 Cr | Open | |
| 28 Oct 2024 | 100999813 | Others | ₹250 Cr | Open |
To see the full charge records of Vikas Telecom Private Limited, buy the company report.
Total charge records: 47 View all charges
Deals & funding
Vikas Telecom Private Limited has 17 deals on record (15 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹519.4 Cr; the latest was in August 2022.
Total deals
17
Secondary share transfers
15
Funding round
1
Debt financing
1
Disclosed funding
₹519.4 Cr
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Debt financing | ₹495 Cr | Investors: Icici Bank Limited |
| Oct 2014 | Secondary share transfer | Undisclosed | Buyer: Embassy Office Ventures Private Limited Seller: Embassy Office Ventures Private limited & Santhosh Kumar Garg |
| May 2014 | Secondary share transfer | Undisclosed | Buyer: Embassy Office Ventures Private Limited Seller: Embassy Office Ventures Private limited & Jitendra Virwani |
| Apr 2014 | Secondary share transfer | Undisclosed | Buyer: Embassy Office Ventures Private limited & Santhosh Kumar Garg, Embassy Office Ventures Private Limited Seller: 2 individuals |
| Apr 2014 | Secondary share transfer | Undisclosed | Buyer: Embassy Office Ventures Private Limited , Embassy Office Ventures Private limited & Jitendra Virwani Seller: Yashita Finance Private Limited , 2 individuals |
To see the full deal history of Vikas Telecom Private 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
Vikas Telecom Private Limited has 101 court cases on record: 25 filed by Vikas Telecom, 76 filed against it. 7 cases are pending and 94 are disposed.
Total cases
101
Filed by the company
25
Filed against the company
76
Pending
7
Disposed
94
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 77 | 55 | 6 |
| District courts | 19 | 18 | 0 |
| NCLT | 3 | 1 | 1 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 101)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Indian Oil Corporation Ltd and 1 other | Disposed |
| High Court of Delhi | Court case (CO.PET.) | Filed against the company by Cityinfo Services Pvt. Ltd. | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by Cisco Systems India Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Assetz Property Services Pvt Ltd and 1 other | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed against the company by Altisource Business Solutions Private Limited | Disposed |
To see the full case history of Vikas Telecom 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.
Credit ratings & regulatory alerts
Vikas Telecom Private Limited was last rated by Care on 07 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Jul 2026 |
To see the full credit ratings and regulatory alerts of Vikas Telecom Private Limited, buy the company report.
MSME payment delays
Vikas Telecom Private Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 65 overdue payments to 27 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 (5 of 27)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shade Flex India Private Limited | |||
| Signtific Private Limited | |||
| Firepro Systems Private Limited | |||
| Earthline Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Vikas Telecom Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Vikas Telecom has 5 GST registrations: 3 active and 2 cancelled or inactive.
Total GSTINs
5
Active
3
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCV4966E1Z1 | Karnataka | Active | 01 Jul 2017 |
| 29AABCV4966E2Z0 | Karnataka | Active | 01 Jul 2017 |
| 29AABCV4966E4ZY | Karnataka | Active | 24 Feb 2025 |
To see the full GST registrations and return filing status of Vikas Telecom Private Limited, buy the company report.
Recent activity
Vikas Telecom Private Limited has 23 board changes on record since 2010: 4 appointments and 19 cessations. The latest: Molahalli Amit Vikram Shetty was appointed as Nominee Director on 05 Nov 2025.
Charges
A charge with Others of Rs. 200.00 Cr registered on 19 Nov 2025 with Charge ID 101196185 was modified on 20 Nov 2025.
Charges
A charge with Others amounted to Rs. 200.00 Cr with Charge ID 101196185 was registered on 19 Nov 2025.
Charges
A charge registered on 18 Feb 2022 via Charge ID 100545620 with Others was fully satisfied on 12 Nov 2025.
Charges
A charge registered on 29 Oct 2020 via Charge ID 100385949 with Others was fully satisfied on 12 Nov 2025.
Appointed
Molahalli Amit Vikram Shetty was appointed as Nominee Director.
Charges
A charge registered on 16 Nov 2022 via Charge ID 100644915 with Others was fully satisfied on 09 Oct 2025.
Charges
A charge registered on 27 Feb 2024 via Charge ID 100914840 with Others was fully satisfied on 18 Sep 2025.
Charges
A charge registered on 23 Jan 2024 via Charge ID 100914790 with Others was fully satisfied on 18 Sep 2025.
Charges
A charge registered on 29 Aug 2022 via Charge ID 100641127 with Others was fully satisfied on 11 Sep 2025.
Charges
A charge registered on 16 Nov 2022 via Charge ID 100642265 with Others was fully satisfied on 03 Sep 2025.
Charges
A charge with Others amounted to Rs. 450.00 Cr with Charge ID 101150352 was registered on 29 Aug 2025.
Ceased
Ritwik Bhattacharjee ceased to be Nominee Director.
126 earlier events are in the company report.
News
Frequently asked questions
Vikas Telecom is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 29 May 1992 (34+ years old) and is registered under CIN U64202KA1992PTC083998.
Vikas Telecom has 4 current directors:
- Jitendra Mohandas Virwani - Nominee Director
- Molahalli Amit Vikram Shetty - Nominee Director
- Donnie Dominic George - Nominee Director
- Raghu Sapra - Nominee Director
The latest financial statements of Vikas Telecom on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vikas Telecom is 29AABCV4966E1Z1, registered in Karnataka. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 29AABCV4966E2Z0 (Karnataka), 29AABCV4966E4ZY (Karnataka).
The CIN (Corporate Identification Number) of Vikas Telecom is U64202KA1992PTC083998. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vikas Telecom has 101 court cases on record: 25 filed by the company and 76 filed against it. 7 are pending. Most are in the high courts.
Vikas Telecom was incorporated on 29 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Bangalore.
Vikas Telecom has 17 deals on record (15 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹519.4 Cr; the latest was in August 2022.
The peers of Vikas Telecom by revenue are Mysore Projects Private Limited, Mindspace Business Parks Private Limited, Rostrum Realty Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Molahalli Amit Vikram Shetty was appointed as Nominee Director on 05 Nov 2025. Ritwik Bhattacharjee ceased to be Nominee Director on 31 Jul 2025. Donnie Dominic George ceased to be Additional Director on 06 Jul 2023. Vikas Telecom has 23 board changes on record in total.
Vikas Telecom has 3 MSME Form 1 returns on record between 2019 and 2020, listing 65 overdue payments to 27 micro and small suppliers. The latest return was filed on 27 Oct 2020.
Vikas Telecom can be reached through the website embassyofficeparks.com. Its registered office is in Bangalore, Karnataka, India.