About VR Vidarbha Limited
Data last updated:
VR Vidarbha Limited is a public limited company based in Nagpur, Maharashtra, India, a subsidiary of Moribus Holdings Pte Limited. It operates in the real estate financing segment of the financial services sector. It was incorporated on 04 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2008PLC177351. Its GSTIN is 27AACCT8257B1ZC (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.88 Cr. It was formerly known as Skai Ventures Limited and Thales Ventures Limited. It is led by directors including Sumi Gupta and Tariq Maqbool Chinoy.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Centre Management Office Pl No 1 Kh No 362/1 Medical Square, Nagpur, Maharashtra, India – 440001.
As per the financials filed for FY 2024, the company reported a revenue of ₹62.57 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹4.34 Cr (net margin 6.9%) and EBITDA of ₹41.41 Cr (EBITDA margin 66.2%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹177 Cr and satisfied charges of ₹403.23 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it. The company has 7 deals on record (5 secondary share transfers, 1 debt financing, 1 funding round), with disclosed funding of ₹219.07 Cr; the latest was in March 2020. Its 7 peer companies in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 3 larger and 4 smaller; the largest is Z-Square Shopping Mall Private Limited with revenue of ₹68.82 Cr. The company has 10 MSME Form 1 returns on record between 2021 and 2024, listing 64 overdue payments to 23 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tatarealty.in.
Company details
Name history
VR Vidarbha has undergone 5 name changes throughout its history. The current legal name is Vr Vidarbha Limited.
| Company Name | Status |
|---|---|
| VR Vidarbha Limited | Current |
| Skai Ventures Limited | Previous |
| Thales Ventures Limited | Previous |
| Trif Real Estate And Development Limited | Previous |
| Trif Real Estate And Development Private Limited | Previous |
CIN history
VR Vidarbha has one previous CIN (Corporate Identification Number): U45202MH2008PTC177351. The current CIN is U45202MH2008PLC177351, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45202MH2008PLC177351 | Current |
| U45202MH2008PTC177351 | Previous |
Contact details
VR Vidarbha Limited's registered office is in Nagpur, Maharashtra. Its website is tatarealty.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressCentre Management Office Pl No 1 Kh No 362/1 Medical Square, Nagpur, Maharashtra, India – 440001
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of VR Vidarbha 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 VR Vidarbha is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of VR Vidarbha Limited, buy the company report.
Financials of VR Vidarbha Limited
FY 2024 filings availableVR Vidarbha Limited reported revenue of ₹62.57 Cr (up 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 32% over three years, including 18% growth in the latest year. EBITDA fell 10% 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 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 | ₹41.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.34 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 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 66.2% | ||||
| Net Profit Margin | 6.9% | ||||
| 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 VR Vidarbha Limited, buy the company report.
Board of directors of VR Vidarbha Limited
VR Vidarbha has 3 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tariq Maqbool Chinoy | Nominee Director | 20 Apr 2021 | 5 Years 6 Months | Current |
| Sumi Gupta | Director | 04 Mar 2021 | 5 Years 7 Months | Current |
| Pradeep Jyoti Banerjee Also directs: Pradeep Banerjee Associates LLP, Chambal Fertilisers and Chemicals Limited, Jubilant Ingrevia Limited and 5 more | Nominee Director | 11 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
VR Vidarbha Limited is compared with the 7 companies closest to it by revenue in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Z-Square Shopping Mall Private Limited | ₹68.82 Cr (FY 2020) | 2.0% | Kanpur, Uttar Pradesh, India | |||
| City Centre Mall Nashik Private Limited | ₹68.14 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| VR Malwa Private Limited | ₹67.05 Cr (FY 2024) | -19.0% | Mohali, Punjab, India | |||
| VR Vidarbha Limitedthis company | ₹62.57 Cr (FY 2024) | ₹4.34 Cr | 6.9% | 18.0% | 8 | Nagpur, Maharashtra, India |
| Adarsh Heights Private Limited | ₹58.2 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Arliga Galleria (India) Private Limited | ₹57.98 Cr (FY 2025) | 0.0% | Bangalore, Karnataka, India | |||
| Upal Developers Private Limited | ₹55.62 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Nexus Mangalore Retail Private Limited | ₹55.27 Cr (FY 2025) | -9.0% | Mangalore, Karnataka, India |
To see the full peer comparison of VR Vidarbha Limited, buy the company report.
Auditor
VR Vidarbha Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of VR Vidarbha 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 VR Vidarbha Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Nov 2019 | 100309417 | Others | ₹177 Cr | Open | |
| 03 Jul 2019 | 100275456 | Indian Bank | ₹1.23 Cr | Satisfied | |
| 21 Jun 2016 | 100047344 | Idbi Trusteeship Services Limited | ₹200 Cr | Satisfied | |
| 09 Apr 2013 | 10424073 | The Karur Vysya Bank Limited | ₹132 Cr | Satisfied | |
| 05 Dec 2012 | 10395181 | Axis Bank Limited | ₹70 Cr | Satisfied |
To see the full charge records of VR Vidarbha Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
VR Vidarbha Limited has 7 deals on record (5 secondary share transfers, 1 debt financing, 1 funding round), with disclosed funding of ₹219.07 Cr; the latest was in March 2020.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Moribus Holdings Pte Limited & V R South Asia Private Limited, Moribus Holdings Pte Limited & V R Konkan Private Limited, VR Surat Private Limited Seller: Tata Realty And Infrastructure Limited & Vinay Gaokar, Tata Realty And Infrastructure Limited & Sunil Bharat Dhagat, Tata Realty and Infrastructure Limited & Prasanna Desai |
| Dec 2019 | Debt financing | ₹103 Cr | Investors: Tata Realty and Infrastructure Limited. , Robusta Holdings Pte Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Tata Realty and Infrastructure Limited. Seller: Mara Developers Private Limited |
| Jan 2011 | Secondary share transfer | Undisclosed | Buyer: Tata Realty And Infrastructure Limited & Vinay Gaokar, Tata Realty And Infrastructure Limited & Gaurav Khanna, Tata Realty and Infrastructure Limited & Cyrus Engineer Seller: Tata Realty & Infrastructure Limited & Phillie Dara Karkaria |
| Nov 2010 | Funding round | ₹116.07 Cr | Investors: TRIF Developers (Mauritius) Limited, Tata Realty and Infrastructure Limited. |
To see the full deal history of VR Vidarbha Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
VR Vidarbha Limited has 5 court cases on record: 2 filed by VR Vidarbha, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
| High courts | 2 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Court case (M.C.A.) | Filed by the company against Hidesign India Pvt. Ltd. | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by M/S Aero Club Through Arvind Kumar | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company against an individual | Disposed |
| Bombay High Court | Writ petition | Filed against the company by an individual | Disposed |
To see the full case history of VR Vidarbha 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
VR Vidarbha Limited was last rated by Care on 30 Sep 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Sep 2025 |
To see the full credit ratings and regulatory alerts of VR Vidarbha Limited, buy the company report.
MSME payment delays
VR Vidarbha Limited has 10 MSME Form 1 returns on record between 2021 and 2024, listing 64 overdue payments to 23 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 23)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Force10 Integrated Services Private Limited | |||
| Ehs Matrix Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of VR Vidarbha Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
VR Vidarbha Limited has a workforce of 8 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
VR Vidarbha has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT8257B1ZC | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VR Vidarbha Limited, buy the company report.
Recent activity
VR Vidarbha Limited has 30 board changes on record since 2008: 3 appointments and 27 cessations. The latest: Pradeep Jyoti Banerjee was appointed as Nominee Director on 11 Mar 2023.
35 earlier events are in the company report.
Frequently asked questions
VR Vidarbha is an active public limited company based in Nagpur, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 04 January 2008 (18+ years old) and is registered under CIN U45202MH2008PLC177351.
VR Vidarbha has 3 current directors:
- Tariq Maqbool Chinoy - Nominee Director
- Sumi Gupta - Director
- Pradeep Jyoti Banerjee - Nominee Director
The latest financial statements of VR Vidarbha on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of VR Vidarbha is 27AACCT8257B1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of VR Vidarbha is U45202MH2008PLC177351. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VR Vidarbha has 5 court cases on record: 2 filed by the company and 3 filed against it. Most are in the district courts.
VR Vidarbha was incorporated on 04 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
VR Vidarbha has 7 deals on record (5 secondary share transfers, 1 debt financing, 1 funding round), with disclosed funding of ₹219.07 Cr; the latest was in March 2020.
The peers of VR Vidarbha by revenue are Z-Square Shopping Mall Private Limited, City Centre Mall Nashik Private Limited, VR Malwa Private Limited, Adarsh Heights Private Limited, Arliga Galleria (India) Private Limited and 2 more, all in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property).
Pradeep Jyoti Banerjee was appointed as Nominee Director on 11 Mar 2023. Rohan Anand ceased to be Additional Director on 31 Oct 2022. Nipun Jain ceased to be Nominee Director on 27 Jun 2022. VR Vidarbha has 30 board changes on record in total.
VR Vidarbha has 10 MSME Form 1 returns on record between 2021 and 2024, listing 64 overdue payments to 23 micro and small suppliers. The latest return was filed on 30 Apr 2024.
VR Vidarbha can be reached through the website tatarealty.in. Its registered office is in Nagpur, Maharashtra, India.