MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0032792
Vikash Finvest Private Limited
Vikash Finvest Private Limited - travel and hospitality in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹49.92 Lakh
▲ 47% YoY
Net loss · FY 2023
₹6.1 Lakh
Net margin -12.2%
EBITDA · FY 2023
₹19.96 Lakh
EBITDA margin 40%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Open charges
₹6.83 Cr
Secured borrowings
Company age
31 yrs
Est. 1995
Directors on board
3
As per MCA filings
About Vikash Finvest Private Limited
Data last updated:
Vikash Finvest Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 22 August 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1995PTC092055. Its GSTIN is 27AABCV8526E1Z9 (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Ritesh Kirit Mehta and Rajubhai Gokulbhai Prajapati.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Shop No. 12 Jaya Estate Jaya Cinema Comound S.V. Road Borivali, Mumbai, Maharashtra, India – 400092.
As per the financials filed for FY 2023, the company reported a revenue of ₹49.92 Lakh, a growth of 47% compared to the previous year. For the same year it recorded a net loss of ₹6.1 Lakh (net margin -12.2%) and EBITDA of ₹19.96 Lakh (EBITDA margin 40%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 17% over five years.
As per MCA filings, the company has open charges of ₹6.83 Cr on record.
Vikash Finvest Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0032792). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U67120MH1995PTC092055
Registration Number 092055
Incorporation Date 22 August 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0032792
Key People
Ritesh Kirit Mehta Director Rajubhai Gokulbhai Prajapati Director Bhavana Kirit Mehta Director Recognitions & Rankings of Vikash Finvest
Contact details
Vikash Finvest Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No. 12 Jaya Estate Jaya Cinema Comound S.V. Road Borivali, Mumbai, Maharashtra, India – 400092
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Vikash Finvest Private Limited, buy the company report.
Comprehensive company report
Vikash Finvest 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 Vikash Finvest is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of Vikash Finvest Private Limited, buy the company report.
Financials of Vikash Finvest Private Limited
FY 2023 filings availableVikash Finvest Private Limited reported revenue of ₹49.92 Lakh (up 47% YoY) for FY 2023.
Revenue · FY 2023
₹49.92 Lakh ▲ 47%
Net loss · FY 2023
₹6.1 Lakh margin -12.2%
EBITDA · FY 2023
₹19.96 Lakh margin 40%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 47%
3 years · compounded
▼ 12%
5 years · compounded
▼ 17%
EBITDA CAGR growth
1 year
▼ 6%
3 years · compounded
▼ 26%
5 years · compounded
▼ 16%
Revenue rose 47% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 17%. EBITDA fell 6% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹49.92 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹19.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.1 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 40% | ||||
| Net Profit Margin | -12.2% | ||||
| 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 Vikash Finvest Private Limited, buy the company report.
Board of directors of Vikash Finvest Private Limited
Vikash Finvest has 3 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 |
|---|---|---|---|---|
| Ritesh Kirit Mehta Also directs: Dayanidhi Infracon LLP, Sangria Hospitality Private Limited | Director | 22 Dec 2009 | 16 Years 10 Months | Current |
| Rajubhai Gokulbhai Prajapati | Director | 30 Sep 2003 | 23 Years 0 Months | Current |
| Bhavana Kirit Mehta | Director | 01 Jul 2005 | 21 Years 3 Months | Current |
Peer comparison
Vikash Finvest Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Coronae Hotels Private Limited | ₹49.98 Lakh (FY 2016) | -3.0% | Shimla, Himachal Pradesh, India | |||
| Mansi Sherotene Hotels Private Limited | ₹49.94 Lakh (FY 2025) | -1.0% | Vapi, Gujarat, India | |||
| Vaibhav Hotels Private Limited | ₹49.94 Lakh (FY 2025) | -12.0% | Begusarai, Bihar, India | |||
| Vikash Finvest Private Limitedthis company | ₹49.92 Lakh (FY 2023) | -₹6.1 Lakh | -12.2% | 47.0% | Mumbai, Maharashtra, India | |
| Sagvan Resorts Private Limited | ₹49.89 Lakh (FY 2024) | 23.0% | Raipur, Chhattisgarh, India | |||
| Sendrsons Foods Private Limited | ₹49.85 Lakh (FY 2024) | -27.0% | Siliguri, West Bengal, India |
To see the full peer comparison of Vikash Finvest Private Limited, buy the company report.
Auditor
Vikash Finvest Private Limited is audited by Mehta Chokshi & Shah LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mehta Chokshi & Shah LLP | FY 2023 | 106201W/W100598 |
Shareholding
The shareholding of Vikash Finvest Private Limited is on record for 5 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 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vikash Finvest Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.83 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2012 | 10371429 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹3.75 Cr | Open | |
| 26 Dec 2008 | 10135878 | The City Co-Operative Bank Limited Dahisar West Branch | ₹1.43 Cr | Open | |
| 17 Oct 2008 | 10127309 | The City Co-Operative Bank Limited Dahisar West Branch | ₹25 Lakh | Open | |
| 14 Dec 2001 | 80023208 | The City Co-Operative Bank Limited | ₹1.1 Cr | Open | |
| 14 Dec 2001 | 80023280 | The City Co-Operative Bank Limited | ₹30 Lakh | Open |
To see the full charge records of Vikash Finvest Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Vikash Finvest Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vikash Finvest Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vikash Finvest has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV8526E1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vikash Finvest Private Limited, buy the company report.
Recent activity
Vikash Finvest Private Limited has 4 board changes on record since 2003: 3 appointments and 1 cessation. The latest: Kirit Vallabhdas Mehta ceased to be Director on 04 Jul 2014.
AGM
Vikash Finvest Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Vikash Finvest Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Ceased
Kirit Vallabhdas Mehta ceased to be Director.
Charges
A charge with The Bharat Co-Operative Bank(Mumbai) Ltd of Rs. 375.00 Lakh registered on 27 Jul 2012 with Charge ID 10371429 was modified on 23 Dec 2013.
Charges
A charge with The Bharat Co-Operative Bank(Mumbai) Ltd amounted to Rs. 375.00 Lakh with Charge ID 10371429 was registered on 27 Jul 2012.
Appointed
Ritesh Kirit Mehta was appointed as Director.
Charges
A charge with The City Co-Operative Bank Limited Dahisar West Branch amounted to Rs. 143.00 Lakh with Charge ID 10135878 was registered on 26 Dec 2008.
Charges
A charge with The City Co-Operative Bank Limited Dahisar West Branch amounted to Rs. 25.00 Lakh with Charge ID 10127309 was registered on 17 Oct 2008.
Charges
A charge with The City Co-Operative Bank Limited of Rs. 110.00 Lakh registered on 14 Dec 2001 with Charge ID 80023208 was modified on 19 Dec 2006.
Charges
A charge with The City Co-Operative Bank Limited of Rs. 30.00 Lakh registered on 14 Dec 2001 with Charge ID 80023280 was modified on 19 Dec 2006.
Appointed
Bhavana Kirit Mehta was appointed as Director.
Appointed
Rajubhai Gokulbhai Prajapati was appointed as Director.
3 earlier events are in the company report.
Frequently asked questions
Vikash Finvest is an active private limited company based in Mumbai, Maharashtra, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 22 August 1995 (31+ years old) and is registered under CIN U67120MH1995PTC092055.
Vikash Finvest has 3 current directors:
- Ritesh Kirit Mehta - Director
- Rajubhai Gokulbhai Prajapati - Director
- Bhavana Kirit Mehta - Director
The latest financial statements of Vikash Finvest on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Vikash Finvest is 27AABCV8526E1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vikash Finvest is U67120MH1995PTC092055. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vikash Finvest was incorporated on 22 August 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Vikash Finvest by revenue are Coronae Hotels Private Limited, Mansi Sherotene Hotels Private Limited, Vaibhav Hotels Private Limited, Sagvan Resorts Private Limited, Sendrsons Foods Private Limited, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Kirit Vallabhdas Mehta ceased to be Director on 04 Jul 2014. Ritesh Kirit Mehta was appointed as Director on 22 Dec 2009. Bhavana Kirit Mehta was appointed as Director on 01 Jul 2005. Vikash Finvest has 4 board changes on record in total.
Yes, Vikash Finvest is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0032792).
The registered office of Vikash Finvest is at Shop No. 12 Jaya Estate Jaya Cinema Comound S.V. Road Borivali, Mumbai, Maharashtra, India – 400092.
Vikash Finvest operates in the travel and hospitality industry, in the hotel and accommodation services segment.