About Vrise Securities Private Limited
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Vrise Securities Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 21 April 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1999PTC119551. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.79 Cr. It was formerly known as Vishesh Capital Private Limited and Alexi Shares & Stocks Pvt Ltd. It is led by directors Rakesh Kirit Kadakia (Managing Director) and Ankit Hasmukh Chheda.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 3 Floor – 1 Plot – 57/59 S M Jivaji Dadabhai Bldg Nagdevi Street Mandvi, Mumbai, Maharashtra, India – 400003.
As per the financials filed for FY 2018, the company reported a revenue of ₹13.02 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹1.94 Lakh (net margin 0.1%) and EBITDA of -₹1.77 Cr (EBITDA margin -13.6%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years.
The company has about 62 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
Court records list 9 cases involving the company, including 4 filed by the company and 5 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vrise.in.
Company details
Name history
Vrise Securities has undergone 3 name changes throughout its history. The company was previously known as Vishesh Capital Private Limited, Alexi Shares & Stocks Pvt Ltd, and Vishesh Shares And Stocks Private Limited. The current legal name is Vrise Securities Private Limited.
| Company Name | Status |
|---|---|
| Vrise Securities Private Limited | Current |
| Vishesh Capital Private Limited | Previous |
| Alexi Shares & Stocks Pvt Ltd | Previous |
| Vishesh Shares And Stocks Private Limited | Previous |
Contact details
Vrise Securities Private Limited's registered office is in Mumbai, Maharashtra. Its website is vrise.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3 Floor – 1 Plot – 57/59 S M Jivaji Dadabhai Bldg Nagdevi Street Mandvi, Mumbai, Maharashtra, India – 400003
- IndustryFinancial Services, Diversified Financial Services, Brokerage & Trading Services
To see the full contact details of Vrise Securities 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 Vrise Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Vrise Securities Private Limited, buy the company report.
Financials of Vrise Securities Private Limited
FY 2018 filings availableVrise Securities Private Limited reported revenue of ₹13.02 Cr (up 31% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over three years, including 31% growth 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹13.02 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹1.77 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.94 Lakh | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -13.6% | |||
| Net Profit Margin | 0.1% | |||
| 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 Vrise Securities Private Limited, buy the company report.
Board of directors of Vrise Securities Private Limited
Vrise Securities has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Kirit Kadakia Also directs: Project One Ventures LLP, Edifice Infra Projects LLP, Lionslair Ventures Private Limited and 2 more | Managing Director | 24 Apr 1999 | 27 Years 6 Months | Current |
| Ankit Hasmukh Chheda | Director | 24 Apr 1999 | 27 Years 6 Months | Current |
Peer comparison
Vrise Securities Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services, Other Financial Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vrise Securities Private Limitedthis company | ₹13.02 Cr (FY 2018) | ₹1.94 Lakh | 0.1% | 31.0% | 62 | Mumbai, Maharashtra, India |
| Telos Risk Management and Insurance Broking Services Private Limited | ₹6.37 Cr (FY 2025) | -31.0% | Mumbai, Maharashtra, India | |||
| Vishrag Insurance Broking Services Private Limited | ₹6.37 Cr (FY 2025) | 25.0% | Chennai, Tamil Nadu, India | |||
| Nai Nath Commodities Private Limited | ₹6.33 Cr (FY 2024) | 21.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Vrise Securities Private Limited, buy the company report.
Auditor
Vrise Securities Private Limited is audited by KUSHAL MEHTA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUSHAL MEHTA & ASSOCIATES | FY 2018 | 138645W |
Shareholding
The shareholding of Vrise Securities Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Vrise Securities Private Limited, buy the company report.
Legal cases
Vrise Securities Private Limited has 9 court cases on record: 4 filed by Vrise Securities, 5 filed against it. 3 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 0 |
| High courts | 3 | 2 | 3 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against National Stock Exchange of India Ltd | Pending |
| High Court | Commercial suit | Filed against the company by National Stock Exchange of India Ltd | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by National Stock Exchange of India Limited | Pending |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by Edelweiss Custodial Services Limited (Now Known As Nuvama Clearing Services Ltd.) Through Its Authorized Signatory Mohit Sharma Tower 3, Wing B, Kohinoor City Mall, Kohinoor City, Kirol Road, Kurla(West) ,Mumbai , Maharashtra | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by M/S.Shree Maruti Courier Services Pvt.Ltd.Autho.Person Mr.Sanjaynaranbhai Mokariya | Disposed |
To see the full case history of Vrise Securities Private 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 Vrise Securities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vrise Securities has 3 subsidiary companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Vishesh Fiscal Management Private Limited | U65999MH2008PTC188755 | |
| V-Rise Financial Services Private Limited | U67120MH1995PTC087076 | |
| V-Rise Comtrade Private Limited | U93030MH2010PTC209145 |
To see the full group structure of Vrise Securities Private Limited, buy the company report.
Employees & EPFO
Vrise Securities Private Limited has a workforce of 62 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Vrise Securities has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Vrise Securities Private Limited, buy the company report.
Recent activity
Vrise Securities Private Limited has 6 board changes on record since 1999: 2 appointments and 4 cessations. The latest: Sonal Rakesh Kadakia ceased to be Director on 31 Oct 2019.
Frequently asked questions
Vrise Securities is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 21 April 1999 (27+ years old) and is registered under CIN U67120MH1999PTC119551.
Vrise Securities has 2 current directors:
- Rakesh Kirit Kadakia - Managing Director
- Ankit Hasmukh Chheda - Director
The latest financial statements of Vrise Securities on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Vrise Securities has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Vrise Securities is U67120MH1999PTC119551. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vrise Securities has 9 court cases on record: 4 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.
Vrise Securities was incorporated on 21 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Vrise Securities by revenue are Telos Risk Management and Insurance Broking Services Private Limited, Vishrag Insurance Broking Services Private Limited, Nai Nath Commodities Private Limited, all in the BFSI industry (Broking Services, Other Financial Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Sonal Rakesh Kadakia ceased to be Director on 31 Oct 2019. Rakesh Kirit Kadakia ceased to be Director on 10 Sep 2019. Mrudang Dilip Goradia ceased to be Director on 25 Feb 2015. Vrise Securities has 6 board changes on record in total.
Vrise Securities can be reached through the website vrise.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Vrise Securities is at 3 Floor – 1 Plot – 5759 S M Jivaji Dadabhai Bldg Nagdevi Street Mandvi, Mumbai, Maharashtra, India – 400003.
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