MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0160254
Vrisa Innovation Limited - engineering in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹10.85 Cr
▲ 98% YoY
Net profit · FY 2025
₹1.27 Cr
Net margin 11.7%
EBITDA · FY 2025
₹2.27 Cr
EBITDA margin 21%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹12.26 Cr
Satisfied ₹38.3 Lakh
Company age
9 yrs
Est. 2017
Directors on board
3
As per MCA filings
About Vrisa Innovation Limited
Data last updated:
Vrisa Innovation Limited is a public limited company based in Pune, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 07 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45500PN2017PLC173759. Its GSTIN is 27AAHCB5556G1ZJ (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was formerly known as Vrisa Innovation Private Limited and Blue Nile Vrisa Modular Homes Private Limited. It is led by directors including Makarand Dhananjay Mahajan and Poonam Sandeep Mahajan.
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 505 Amar Neptune Apex IT Park, Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.85 Cr, a growth of 98% compared to the previous year. For the same year it recorded a net profit of ₹1.27 Cr (net margin 11.7%) and EBITDA of ₹2.27 Cr (EBITDA margin 21%). Revenue has grown at a compounded annual rate (CAGR) of 76% over three years and 66% over five years.
The company is associated with 1 brand: Vrisa Innovation. As per MCA filings, the company has open charges of ₹12.26 Cr and satisfied charges of ₹38.3 Lakh on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 3 cases are pending.
Vrisa Innovation Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0160254). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vrisainnovation.com.
Company details
CIN U45500PN2017PLC173759
Registration Number 173759
Incorporation Date 07 December 2017
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0160254
Name history
Vrisa Innovation has undergone 2 name changes throughout its history. The company was previously known as Vrisa Innovation Private Limited, and Blue Nile Vrisa Modular Homes Private Limited. The current legal name is Vrisa Innovation Limited.
| Company Name | Status |
|---|---|
| Vrisa Innovation Limited | Current |
| Vrisa Innovation Private Limited | Previous |
| Blue Nile Vrisa Modular Homes Private Limited | Previous |
CIN history
Vrisa Innovation has one previous CIN (Corporate Identification Number): U45500PN2017PTC173759. The current CIN is U45500PN2017PLC173759, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45500PN2017PLC173759 | Current |
| U45500PN2017PTC173759 | Previous |
Key People
Makarand Dhananjay Mahajan Director Poonam Sandeep Mahajan Director Sandeep Dhananjay Mahajan Director Recognitions & Rankings of Vrisa Innovation
Contact details
Vrisa Innovation Limited's registered office is in Pune, Maharashtra. Its website is vrisainnovation.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address505 Amar Neptune Apex IT Park, Banner Road Banner Sr. No 6/1/1 Bh Food Bazar, Pune, Maharashtra, India – 411045
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Vrisa Innovation Limited, buy the company report.
Comprehensive company report
Vrisa Innovation 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
Vrisa Innovation operates one associated brand: Vrisa Innovation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in designing and building prefabricated homes and structures. | vrisainnovation.com |
Business activity
The main business activity of Vrisa Innovation is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Vrisa Innovation Limited, buy the company report.
Financials of Vrisa Innovation Limited
FY 2025 filings availableVrisa Innovation Limited reported revenue of ₹10.85 Cr (up 98% YoY) for FY 2025.
Revenue · FY 2025
₹10.85 Cr ▲ 98%
Net profit · FY 2025
₹1.27 Cr margin 11.7%
EBITDA · FY 2025
₹2.27 Cr margin 21%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 98%
3 years · compounded
▲ 76%
5 years · compounded
▲ 66%
EBITDA CAGR growth
1 year
▲ 84%
3 years · compounded
▲ 100%
5 years · compounded
▲ 102%
Revenue has grown at a compounded annual rate (CAGR) of 66% over five years, including 98% growth in the latest year. EBITDA rose 84% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.27 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21% | ||||
| Net Profit Margin | 11.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vrisa Innovation Limited, buy the company report.
Board of directors of Vrisa Innovation Limited
Vrisa Innovation has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Makarand Dhananjay Mahajan | Director | 03 Aug 2020 | 6 Years 2 Months | Current |
| Poonam Sandeep Mahajan Also directs: Vrisa Pods Private Limited | Director | 09 Mar 2020 | 6 Years 7 Months | Current |
| Sandeep Dhananjay Mahajan Also directs: Vrisa Pods Private Limited, Shellby Motors Private Limited | Director | 07 Dec 2017 | 8 Years 10 Months | Current |
Auditor
Vrisa Innovation Limited is audited by M R K S AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M R K S AND COMPANY | FY 2023 | AALFC9661Q |
Shareholding
The shareholding of Vrisa Innovation 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 Vrisa Innovation Limited, buy the company report.
Charges & borrowings
Open charges
₹12.26 Cr
Satisfied charges
₹38.3 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 2025 | 101231982 | Axis Bank Limited | ₹2.46 Cr | Open | |
| 10 Nov 2025 | 101194807 | Bank of India | ₹3 Cr | Open | |
| 10 Nov 2025 | 101194815 | Bank of India | ₹1.12 Cr | Open | |
| 10 Nov 2025 | 101194850 | Bank of India | ₹3.3 Cr | Open | |
| 06 Mar 2025 | 101059389 | Hdfc Bank Limited | ₹1.2 Cr | Open |
To see the full charge records of Vrisa Innovation Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Vrisa Innovation Limited has 4 court cases on record: 3 filed by Vrisa Innovation, 1 filed against it. 3 cases are pending and 1 is disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Pending
3
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 3 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Vrisa Innovation 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 Vrisa Innovation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vrisa Innovation has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCB5556G1ZJ | Maharashtra | Active | 02 Feb 2018 |
To see the full GST registrations and return filing status of Vrisa Innovation Limited, buy the company report.
Recent activity
Vrisa Innovation Limited has 6 board changes on record since 2017: 3 appointments and 3 cessations. The latest: Makarand Dhananjay Mahajan ceased to be Additional Director on 23 Aug 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 246.00 Lakh with Charge ID 101231982 was registered on 29 Dec 2025.
Charges
A charge with Bank Of India amounted to Rs. 300.00 Lakh with Charge ID 101194807 was registered on 10 Nov 2025.
Charges
A charge with Bank Of India amounted to Rs. 111.65 Lakh with Charge ID 101194815 was registered on 10 Nov 2025.
Charges
A charge with Bank Of India amounted to Rs. 330.00 Lakh with Charge ID 101194850 was registered on 10 Nov 2025.
AGM
Vrisa Innovation Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vrisa Innovation Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 120.00 Lakh with Charge ID 101059389 was registered on 06 Mar 2025.
Charges
A charge registered on 28 Jul 2021 via Charge ID 100481939 with Hdfc Bank Limited was fully satisfied on 23 Aug 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 100.00 Lakh with Charge ID 100682715 was registered on 27 Feb 2023.
Ceased
Makarand Dhananjay Mahajan ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 38.30 Lakh with Charge ID 100481939 was registered on 28 Jul 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.97 Lakh with Charge ID 100416079 was registered on 05 Nov 2020.
6 earlier events are in the company report.
Frequently asked questions
Vrisa Innovation is an active public limited company based in Pune, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 07 December 2017 (9+ years old) and is registered under CIN U45500PN2017PLC173759.
Vrisa Innovation has 3 current directors:
- Makarand Dhananjay Mahajan - Director
- Poonam Sandeep Mahajan - Director
- Sandeep Dhananjay Mahajan - Director
The latest financial statements of Vrisa Innovation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Vrisa Innovation is 27AAHCB5556G1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vrisa Innovation is U45500PN2017PLC173759. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vrisa Innovation has 4 court cases on record: 3 filed by the company and 1 filed against it. 3 are pending.
Vrisa Innovation was incorporated on 07 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Pune.
Makarand Dhananjay Mahajan ceased to be Additional Director on 23 Aug 2021. Poonam Sandeep Mahajan ceased to be Additional Director on 10 Sep 2020. Makarand Dhananjay Mahajan was appointed as Director on 03 Aug 2020. Vrisa Innovation has 6 board changes on record in total.
Yes, Vrisa Innovation is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0160254).
Vrisa Innovation can be reached through the website vrisainnovation.com. Its registered office is in Pune, Maharashtra, India.