About Virtuous Capital Limited
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Virtuous Capital Limited is a public limited company based in Navi Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 14 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65100MH2004PLC144017. Its GSTIN is 27AAACF8196P1ZT (Maharashtra).
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹10.23 Cr. It was formerly known as Finaventure Advisory Services (India) Private Limited and Finaventure Advisory Services (India) Limited. It is led by directors including Vinayak Gopalkrishna Kudva (Managing Director) and Santosh Gopalkrishna Kudva (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 Navi Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.58 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹18.88 Cr (net margin 83.6%) and EBITDA of ₹21.16 Cr (EBITDA margin 93.7%). Revenue has grown at a compounded annual rate (CAGR) of 212% over three years and 116% over five years.
The company is associated with 1 brand: Virtuous Capital.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vcapltd.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressOffice No. 1101&1102 11th Floor Maithili'S Signet Premises Chs Sec – 30A, Vashi, Navi Mumbai, Maharashtra, India – 400705
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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
- One PDF report, delivered after checkout
Name History of Virtuous Capital Limited
Virtuous Capital has undergone 4 name changes throughout its history. The current legal name is Virtuous Capital Limited.
| Company Name | Status |
|---|---|
| Virtuous Capital Limited | Current |
| Finaventure Advisory Services (India) Private Limited | Previous |
| Finaventure Advisory Services (India) Limited | Previous |
| Finaventure Advisory Services (India) Limited | Previous |
| Fina Venture India Limited | Previous |
CIN History of Virtuous Capital Limited
Virtuous Capital has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65100MH2004PLC144017, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65100MH2004PLC144017 | Current |
| U67190MH2004PTC144017 | Previous |
| U67190MH2004PLC144017 | Previous |
Associated Brands with Virtuous Capital Limited
Virtuous Capital operates one associated brand: Virtuous Capital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Debt and equity advisory services | vcapltd.in |
Business Activity of Virtuous Capital Limited
The main business activity of Virtuous Capital is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Virtuous Capital Limited
Virtuous Capital Limited is audited by SANJAY B. BHUJBAL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SANJAY B. BHUJBAL & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Virtuous Capital Limited
Virtuous Capital has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravikant Moreshwar Mhatre Also directs: Tristar Samriddhi Advisory LLP, Shanthala FMCG Products Limited, Clinitech Laboratory Limited and 1 more | Director | 27 Jan 2017 | 9 Years 8 Months | Current |
| Vinayak Gopalkrishna Kudva Also directs: Tristar Samriddhi Advisory LLP | Managing Director | 14 Jan 2004 | 22 Years 8 Months | Current |
| Santosh Gopalkrishna Kudva Also directs: Tristar Samriddhi Advisory LLP, Shanthala FMCG Products Limited | Whole-Time Director | 14 Jan 2004 | 22 Years 8 Months | Current |
Financials of Virtuous Capital Limited FY 2025 filings available
Virtuous Capital Limited reported revenue of ₹22.58 Cr (up 2970% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Virtuous Capital Limited
Revenue has grown at a compounded annual rate (CAGR) of 116% over five years. 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 of Virtuous Capital Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹21.16 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18.88 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 of Virtuous Capital Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 93.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 83.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Virtuous Capital are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Virtuous Capital Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Virtuous Capital Limited
Virtuous Capital Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Virtuous Capital Limited
Employment history and EPFO contributions of people linked to Virtuous Capital.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Virtuous Capital Limited
Virtuous Capital has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACF8196P1ZT | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Virtuous Capital Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Virtuous Capital Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Virtuous Capital Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Virtuous Capital Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Virtuous Capital Limited
Frequently Asked Questions about Virtuous Capital Limited
Virtuous Capital is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 14 January 2004 (22+ years old) and is registered under CIN U65100MH2004PLC144017.
Virtuous Capital reported revenue of ₹22.58 Cr for FY 2024 (up 2970% YoY).
Virtuous Capital has 3 current directors:
- Vinayak Gopalkrishna Kudva - Managing Director
- Santosh Gopalkrishna Kudva - Whole-Time Director
- Ravikant Moreshwar Mhatre - Director
Virtuous Capital reported a net profit of ₹18.88 Cr (net margin 83.6%) and EBITDA of ₹21.16 Cr (EBITDA margin 93.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Virtuous Capital is 212% over three years and 116% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Virtuous Capital is 27AAACF8196P1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Virtuous Capital is U65100MH2004PLC144017. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virtuous Capital was incorporated on 14 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Virtuous Capital can be reached through the website vcapltd.in. Its registered office is in Navi Mumbai, Maharashtra, India.