Vovl Limited
About Vovl Limited
Data last updated:
Vovl Limited is a public limited company based in Aurangabad, Maharashtra, India, a subsidiary of Videocon Industries 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 oil and gas exploration and production segment of the energy and power sector. It was incorporated on 19 January 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U11102MH2010PLC199078. Its GSTIN is 27AADCV1810B1ZW (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹185 Cr. It was formerly known as Videocon Oil Ventures Limited. It is led by directors including Kesharmal Nensukhlal Gandhi and Pravin Rameshwar Navandar (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 29 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Auto Cars Compound Adalat Road, Aurangabad, Maharashtra, India – 431005.
As per the financials filed for FY 2016, the company reported a revenue of ₹2.31 Lakh, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹161.75 Cr and EBITDA of -₹1.5 Cr.
As per MCA filings, the company has open charges of ₹30,218 Cr on record. Court records list 23 cases involving the company, including 1 filed by the company and 22 filed against it; 12 cases are pending. The company has 3 deals on record (1 funding round, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹850 Cr; the latest was in December 2015.
Company details
Contact details
Vovl Limited's registered office is in Aurangabad, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressAuto Cars Compound Adalat Road, Aurangabad, Maharashtra, India – 431005
- IndustryEnergy and Power, Oil & Gas Exploration & Production
To see the full contact details of Vovl 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 Vovl is mining and quarrying. In detail, this covers extraction of crude petroleum & natural gas.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B2 | Extraction of Crude Petroleum & Natural gas |
To see the full business activity and turnover split of Vovl Limited, buy the company report.
Financials of Vovl Limited
FY 2016 filings availableVovl Limited reported revenue of ₹2.31 Lakh (up 1% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year. EBITDA fell 570% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹2.31 Lakh | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹1.5 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹161.75 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | ||
| Net Profit Margin | ||
| 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 Vovl Limited, buy the company report.
Board of directors of Vovl Limited
Vovl has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sarita Sanjay Surve | Additional Director | 08 Mar 2018 | 8 Years 8 Months | As last reported |
| Deepak Anant Pednekar Also directs: Videocon Developers Limited, Electroparts (India) Private Limited, Quadrant Enterprises Private Limited and 4 more | Additional Director | 13 Feb 2017 | 9 Years 8 Months | As last reported |
| Kesharmal Nensukhlal Gandhi Also directs: Tangent Electronics Private Limited, Pipavav Energy Private Limited, Jubiliant Digital Solutions Private Limited and 2 more | Director | 03 Jan 2012 | 14 Years 10 Months | As last reported |
| Pravin Rameshwar Navandar | Irp/Rp/Liquidator | 25 Feb 2025 | 1 Years 8 Months | As last reported |
| Karunchandra Srivastava Also directs: Janardan Real Estates LLP | Director | 03 Jan 2012 | 14 Years 10 Months | As last reported |
Auditor
Vovl Limited is audited by KADAM & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KADAM & CO | FY 2016 | 104524W |
Shareholding
The shareholding of Vovl Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Vovl Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2017 | 100121226 | Sbicap Trustee Company Limited | ₹10,755 Cr | Open | |
| 20 Mar 2013 | 10414965 | Sbicap Trustee Company Limited | ₹16,627 Cr | Open | |
| 31 Jul 2012 | 10370497 | Central Bank of India | ₹1,000 Cr | Open | |
| 18 Feb 2012 | 10337581 | Idbi Bank Limited | ₹1,836 Cr | Open |
To see the full charge records of Vovl Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Vovl Limited has 3 deals on record (1 funding round, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹850 Cr; the latest was in December 2015.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2015 | Funding round | ₹850 Cr | Investors: Videocon Industries Limited |
| Jul 2011 | Secondary share transfer | Undisclosed | Buyer: Videocon Industries Limited Seller: Videocon Energy Limited |
| Aug 2010 | Acquisition | ₹99.95 Cr | Buyer: Videocon Energy Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vovl Limited has 23 court cases on record: 1 filed by Vovl, 22 filed against it. 12 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 12 | 11 | 6 |
| District courts | 6 | 6 | 4 |
| Supreme Court | 2 | 2 | 1 |
| NCLT | 2 | 2 | 0 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Court II | Tribunal matter | Filed against the company by Bharat Petro Resources Ltd and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Videocon Industries Limited and 7 others | Disposed |
| NCLAT, Court II | Tribunal matter | Filed against the company by Bharat Petroresources Limited and 1 other | Disposed |
| Supreme Court | Appeal | Filed against the company by an individual | Pending |
| District court, Central, Delhi | Criminal case | Filed against the company by an individual | Pending |
To see the full case history of Vovl 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vovl Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vovl has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV1810B1ZW | Maharashtra | Active | 01 Jul 2017 |
| 27AADCV1810B2ZV | Maharashtra | Active | 01 Jul 2020 |
To see the full GST registrations and return filing status of Vovl Limited, buy the company report.
Recent activity
Vovl Limited has 11 board changes on record since 2012: 5 appointments and 6 cessations. The latest: Pravin Rameshwar Navandar was appointed as Irp/Rp/Liquidator on 25 Feb 2025.
8 earlier events are in the company report.
Frequently asked questions
Vovl 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.
Vovl is a company under liquidation, formerly operating as a public limited company based in Aurangabad, Maharashtra, India. The company works in oil and gas exploration and production, within the energy and power industry. It was incorporated on 19 January 2010 and is registered under CIN U11102MH2010PLC199078. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vovl has 5 current directors:
- Sarita Sanjay Surve - Additional Director
- Deepak Anant Pednekar - Additional Director
- Kesharmal Nensukhlal Gandhi - Director
- Karunchandra Srivastava - Director
- Pravin Rameshwar Navandar - Irp/Rp/Liquidator
The latest financial statements of Vovl on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 29 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vovl is U11102MH2010PLC199078. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vovl has open charges of ₹30,218 Cr and no satisfied charges on record as per latest MCA filings.
Vovl has 23 court cases on record: 1 filed by the company and 22 filed against it. 12 are pending. Most are in the nclat.
Vovl was incorporated on 19 January 2010. It is registered with the Registrar of Companies, Mumbai.
Vovl has 3 deals on record (1 funding round, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹850 Cr; the latest was in December 2015.
Pravin Rameshwar Navandar was appointed as Irp/Rp/Liquidator on 25 Feb 2025. Karunchandra Srivastava ceased to be Director on 08 Mar 2018. Sarita Sanjay Surve was appointed as Additional Director on 08 Mar 2018. Vovl has 11 board changes on record in total.
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