Virsad Trading Private Limited
About Virsad Trading Private Limited
Data last updated:
Virsad Trading Private Limited is a private limited company based in Vadodara, Gujarat, India, a subsidiary of Nirayu Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 30 October 2017.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2017PTC099599.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹6 Cr. It is led by directors including Rasesh Jayant Shah and Herkishin Lachhamandas Rochwani.
Its last annual general meeting (AGM) was held on 20 July 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 5th Floor Administration Building Alembic Limited Alembic Road, Vadodara, Gujarat, India – 390003.
As per the financials filed for FY 2022, the company reported a revenue of ₹31.05 Lakh, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹19.84 Lakh (net margin 63.9%) and EBITDA of ₹27.64 Lakh (EBITDA margin 89%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years.
The company has 1 deal on record (1 secondary share transfer); the latest was in September 2018.
Company details
Contact details
Virsad Trading Private Limited's registered office is in Vadodara, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address5th Floor Administration Building Alembic Limited Alembic Road, Vadodara, Gujarat, India – 390003
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Virsad Trading Private Limited, buy the company report.
- 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
Business activity
The main business activity of Virsad Trading 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 Virsad Trading Private Limited, buy the company report.
Financials of Virsad Trading Private Limited
FY 2022 filings availableVirsad Trading Private Limited reported revenue of ₹31.05 Lakh (down 37% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over three years, including a 37% fall in the latest year. EBITDA fell 38% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹31.05 Lakh | ||||
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| EBITDA | ₹27.64 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹19.84 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 89% | ||||
| Net Profit Margin | 63.9% | ||||
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To see the full financial statements and ratios of Virsad Trading Private Limited, buy the company report.
Board of directors of Virsad Trading Private Limited
Virsad Trading has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilesh Bhikhabhai Mistry | Additional Director | 30 May 2024 | 2 Years 4 Months | As last reported |
| Rasesh Jayant Shah | Director | 30 Oct 2017 | 8 Years 11 Months | As last reported |
| Herkishin Lachhamandas Rochwani Also directs: Shreno Publications Limited, Shreno Engineering Limited | Director | 01 Jul 2019 | 7 Years 3 Months | As last reported |
Auditor
Virsad Trading Private Limited is audited by M/s V.H.Gandhi & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s V.H.Gandhi & Co. | FY 2022 | 103047W |
Shareholding
The shareholding of Virsad Trading Private 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 Virsad Trading Private Limited, buy the company report.
Deals & funding
Virsad Trading Private Limited has 1 deal on record (1 secondary share transfer); the latest was in September 2018.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Nirayu Private Limited , an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Virsad Trading 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 Virsad Trading Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Virsad Trading Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Virsad Trading Private Limited has 5 board changes on record since 2017: 3 appointments and 2 cessations. The latest: Mitanshu Satishbhai Shah ceased to be Director on 31 May 2024.
Frequently asked questions
Virsad Trading is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Virsad Trading is a company under liquidation, formerly operating as a private limited company based in Vadodara, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 30 October 2017 and is registered under CIN U51909GJ2017PTC099599. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Virsad Trading has 3 current directors:
- Nilesh Bhikhabhai Mistry - Additional Director
- Rasesh Jayant Shah - Director
- Herkishin Lachhamandas Rochwani - Director
The latest financial statements of Virsad Trading on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 20 July 2022. Year-wise statements from FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Virsad Trading is U51909GJ2017PTC099599. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virsad Trading was incorporated on 30 October 2017. It is registered with the Registrar of Companies, Ahmedabad.
Virsad Trading has 1 deal on record (1 secondary share transfer); the latest was in September 2018.
Mitanshu Satishbhai Shah ceased to be Director on 31 May 2024. Nilesh Bhikhabhai Mistry was appointed as Additional Director on 30 May 2024. Herkishin Lachhamandas Rochwani ceased to be Additional Director on 27 Sep 2019. Virsad Trading has 5 board changes on record in total.
The registered office of Virsad Trading is at 5th Floor Administration Building Alembic Limited Alembic Road, Vadodara, Gujarat, India – 390003.
Virsad Trading operates in the financial services industry, in the diversified financial services segment.