MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-OD-04-0006041
Vikash Residential Institutions Private Limited - healthcare in Bargarh, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹106.42 Cr
▲ 33% YoY
Net profit · FY 2024
₹9.53 Cr
Net margin 9%
EBITDA · FY 2024
₹25.17 Cr
EBITDA margin 23.7%
Authorised capital
₹35 Cr
Registered with MCA
Paid-up capital
₹22.03 Cr
Issued & subscribed
Open charges
₹83.91 Cr
Satisfied ₹32.39 Cr
Company age
5 yrs
Est. 2021
Directors on board
4
As per MCA filings
About Vikash Residential Institutions Private Limited
Data last updated:
Vikash Residential Institutions Private Limited is a private limited company based in Bargarh, Odisha, India. It operates in the hospital and clinical services segment of the healthcare sector. It was incorporated on 09 November 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U80300OR2021PTC038096. Its GSTIN is 21AAICV3846N1ZY (Odisha). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹22.03 Cr. It is led by directors including Murali Krishna Dasari and Gunnam Bhaskar Rao.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at At – Vikash Multispeciality Hospital Post – Barahguda Canal Chowk, Bargarh, Odisha, India – 768028.
As per the financials filed for FY 2024, the company reported a revenue of ₹106.42 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹9.53 Cr (net margin 9%) and EBITDA of ₹25.17 Cr (EBITDA margin 23.7%).
The company is associated with 1 brand: Vikash Multi Speciality Hospital. As per MCA filings, the company has open charges of ₹83.91 Cr and satisfied charges of ₹32.39 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 1 case is pending. The company has 1 deal on record (1 rights issue); the latest was in January 2022.
Vikash Residential Institutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-04-0006041). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vikashhospitals.com.
Company details
CIN U80300OR2021PTC038096
Registration Number 038096
Incorporation Date 09 November 2021
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-OD-04-0006041
Recognitions & Rankings of Vikash Residential Institutions
Contact details
Vikash Residential Institutions Private Limited's registered office is in Bargarh, Odisha. Its website is vikashhospitals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAt – Vikash Multispeciality Hospital Post – Barahguda Canal Chowk, Bargarh, Odisha, India – 768028
- IndustryHealthcare, Hospitals
To see the full contact details of Vikash Residential Institutions Private Limited, buy the company report.
Comprehensive company report
Vikash Residential Institutions 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
Vikash Residential Institutions operates one associated brand: Vikash Multi Speciality Hospital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Standalone multi speciality hospital | vikashhospitals.com |
Business activity
The main business activities of Vikash Residential Institutions are accommodation and food service, support service to organizations and hospital and medical care. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc., rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities and hospital activities. 3 activity segments are registered with the MCA.
| 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. | |
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities | |
| Q | Hospital and Medical Care | Q1 | Hospital activities |
To see the full business activity and turnover split of Vikash Residential Institutions Private Limited, buy the company report.
Financials of Vikash Residential Institutions Private Limited
FY 2024 filings availableVikash Residential Institutions Private Limited reported revenue of ₹106.42 Cr (up 33% YoY) for FY 2024.
Revenue · FY 2024
₹106.42 Cr ▲ 33%
Net profit · FY 2024
₹9.53 Cr margin 9%
EBITDA · FY 2024
₹25.17 Cr margin 23.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
EBITDA CAGR growth
1 year
▲ 61%
Revenue rose 33% in the latest year. EBITDA rose 61% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹25.17 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹9.53 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 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 23.7% | ||
| Net Profit Margin | 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 | |||
To see the full financial statements and ratios of Vikash Residential Institutions Private Limited, buy the company report.
Board of directors of Vikash Residential Institutions Private Limited
Vikash Residential Institutions has 4 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 |
|---|---|---|---|---|
| Murali Krishna Dasari Also directs: Skyraamp LLP, Vikashanandam Eco Retreat LLP, Vikash Green Infratech Private Limited and 5 more | Director | 09 Nov 2021 | 5 Years 0 Months | Current |
| Gunnam Bhaskar Rao Also directs: Vikash Green Infratech Private Limited, Vikash Residential Services Private Limited, Vikash Wisdom Private Limited and 5 more | Director | 09 Nov 2021 | 5 Years 0 Months | Current |
| Srinivas Valluri | Director | 09 Nov 2021 | 5 Years 0 Months | Current |
| Dasari Nageswar Rao | Director | 09 Nov 2021 | 5 Years 0 Months | Current |
Auditor
Vikash Residential Institutions Private Limited is audited by BNT & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BNT & Associates | FY 2023 | 324895E |
Shareholding
The shareholding of Vikash Residential Institutions Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Vikash Residential Institutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹83.91 Cr
Satisfied charges
₹32.39 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2025 | 101186658 | Others | ₹15 Cr | Open | |
| 22 Jul 2024 | 100962857 | State Bank of India | ₹4 Cr | Open | |
| 10 Jun 2024 | 100934700 | Hdfc Bank Limited | ₹12.35 Cr | Open | |
| 26 Aug 2023 | 100801463 | Axis Bank Limited | ₹82 Lakh | Open | |
| 18 Aug 2023 | 100792546 | Others | ₹27.92 Cr | Open |
To see the full charge records of Vikash Residential Institutions Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Vikash Residential Institutions Private Limited has 1 deal on record (1 rights issue); the latest was in January 2022.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Rights issue | ₹20.55 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vikash Residential Institutions Private Limited has 4 court cases on record: 4 filed by Vikash Residential Institutions. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
4
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Bargarh, Odisha | Civil suit | Filed by the company against an individual | Disposed |
| District court, Bargarh, Odisha | Civil suit | Filed by the company against an individual | Disposed |
| District court, Bargarh, Odisha | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Vikash Residential Institutions 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
Vikash Residential Institutions Private Limited was last rated by Crisil on 30 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Mar 2020 |
To see the full credit ratings and regulatory alerts of Vikash Residential Institutions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vikash Residential Institutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vikash Residential Institutions Private Limited has 1 active EPFO establishment as of Mar 31, 2024.
Active EPFO establishments
1
GST
Vikash Residential Institutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAICV3846N1ZY | Odisha | Active | 23 Nov 2021 |
To see the full GST registrations and return filing status of Vikash Residential Institutions Private Limited, buy the company report.
Recent activity
Vikash Residential Institutions Private Limited has 4 board changes on record since 2021: 4 appointments. The latest: Dasari Nageswar Rao was appointed as Director on 09 Nov 2021.
Charges
A charge with Others of Rs. 23.82 Cr registered on 17 Aug 2023 with Charge ID 100781225 was modified on 20 Dec 2025.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101186658 was registered on 12 Nov 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 12.35 Cr registered on 10 Jun 2024 with Charge ID 100934700 was modified on 04 Aug 2025.
AGM
Vikash Residential Institutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with State Bank Of India amounted to Rs. 4.00 Cr with Charge ID 100962857 was registered on 22 Jul 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 12.35 Cr with Charge ID 100934700 was registered on 10 Jun 2024.
Filing
Vikash Residential Institutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.82 Cr with Charge ID 100801463 was registered on 26 Aug 2023.
Charges
A charge registered on 29 Apr 2022 via Charge ID 100567507 with State Bank Of India was fully satisfied on 25 Aug 2023.
Charges
A charge with Others amounted to Rs. 27.92 Cr with Charge ID 100792546 was registered on 18 Aug 2023.
Charges
A charge with Others amounted to Rs. 23.82 Cr with Charge ID 100781225 was registered on 17 Aug 2023.
Charges
A charge with State Bank Of India amounted to Rs. 32.39 Cr with Charge ID 100567507 was registered on 29 Apr 2022.
5 earlier events are in the company report.
Frequently asked questions
Vikash Residential Institutions is an active private limited company based in Bargarh, Odisha, India. The company works in hospitals, within the healthcare industry. It was incorporated on 09 November 2021 (5+ years old) and is registered under CIN U80300OR2021PTC038096.
Vikash Residential Institutions has 4 current directors:
- Murali Krishna Dasari - Director
- Gunnam Bhaskar Rao - Director
- Srinivas Valluri - Director
- Dasari Nageswar Rao - Director
The latest financial statements of Vikash Residential Institutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Vikash Residential Institutions is 21AAICV3846N1ZY, registered in Odisha. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Vikash Residential Institutions is U80300OR2021PTC038096. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vikash Residential Institutions has 4 court cases on record: 4 filed by the company. 1 is pending. Most are in the district courts.
Vikash Residential Institutions was incorporated on 09 November 2021, making it 5+ years old. It is registered with the Registrar of Companies, Cuttack.
Vikash Residential Institutions has 1 deal on record (1 rights issue); the latest was in January 2022.
Dasari Nageswar Rao was appointed as Director on 09 Nov 2021. Gunnam Bhaskar Rao was appointed as Director on 09 Nov 2021. Murali Krishna Dasari was appointed as Director on 09 Nov 2021. Vikash Residential Institutions has 4 board changes on record in total.
Yes, Vikash Residential Institutions is registered as a medium enterprise under Udyam registration (number: UDYAM-OD-04-0006041).
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