MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0029588
VRS Leathers Private Limited - manufacturing in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹18.82 Cr
▼ 6% YoY
Net profit · FY 2024
₹17.88 Lakh
Net margin 1%
EBITDA · FY 2024
₹63.38 Lakh
EBITDA margin 3.4%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹38.88 Lakh
Issued & subscribed
Open charges
₹6.24 Cr
Satisfied ₹8.88 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
32
Provident fund records
About VRS Leathers Private Limited
Data last updated:
VRS Leathers Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the leather goods segment of the manufacturing sector. It was incorporated on 21 October 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U18209TN1994PTC028996. Its GSTIN is 33AAACV2542B1ZZ (Tamil Nadu).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹38.88 Lakh. It is led by directors including Venkatasamy Raja Seenivasan (Managing Director) and Jayanthi Rajaseenivasan (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 Old No. 78B New No. 64 Anna Salai Nagalkeni Chromepet, Chennai, Tamil Nadu, India – 600044.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.82 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹17.88 Lakh (net margin 1%) and EBITDA of ₹63.38 Lakh (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 11% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: VRS Leathers. As per MCA filings, the company has open charges of ₹6.24 Cr and satisfied charges of ₹8.88 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it.
VRS Leathers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0029588). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vrsleathers.com.
Company details
CIN U18209TN1994PTC028996
Registration Number 028996
Incorporation Date 21 October 1994
ROC Chennai
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-TN-02-0029588
Key People
Venkatasamy Raja Seenivasan Managing Director Jayanthi Rajaseenivasan Whole-Time Director Senthil Kumar Kannan Whole-Time Director Recognitions & Rankings of VRS Leathers
Contact details
VRS Leathers Private Limited's registered office is in Chennai, Tamil Nadu. Its website is vrsleathers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOld No. 78B New No. 64 Anna Salai Nagalkeni Chromepet, Chennai, Tamil Nadu, India – 600044
- IndustryManufacturing, Leather Goods
To see the full contact details of VRS Leathers Private Limited, buy the company report.
Comprehensive company report
VRS Leathers Private 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
VRS Leathers operates one associated brand: VRS Leathers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Leather manufacturing with sustainable practices, timely delivery, and R&D in India. | vrsleathers.com |
Business activity
The main business activity of VRS Leathers is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of VRS Leathers Private Limited, buy the company report.
Financials of VRS Leathers Private Limited
FY 2025 filings availableVRS Leathers Private Limited reported revenue of ₹18.82 Cr (down 6% YoY) for FY 2024.
Revenue · FY 2024
₹18.82 Cr ▼ 6%
Net profit · FY 2024
₹17.88 Lakh margin 1%
EBITDA · FY 2024
₹63.38 Lakh margin 3.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 48%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 14%
3 years · compounded
▼ 8%
5 years · compounded
▲ 1%
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA rose 14% 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 | ₹63.38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.88 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | ||||
| Net Profit Margin | 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 VRS Leathers Private Limited, buy the company report.
Board of directors of VRS Leathers Private Limited
VRS Leathers has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayanthi Rajaseenivasan | Whole-Time Director | 21 Oct 1994 | 32 Years 0 Months | Current |
| Senthil Kumar Kannan | Whole-Time Director | 10 Nov 2014 | 11 Years 11 Months | Current |
| Venkatasamy Raja Seenivasan | Managing Director | 21 Oct 1994 | 32 Years 0 Months | Current |
Peer comparison
VRS Leathers Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Leather), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Height Buildcon Private Limited | ₹21.48 Cr (FY 2025) | -78.0% | New Delhi, Delhi, India | |||
| Conceria International Private Limited | ₹21.41 Cr (FY 2025) | 15.0% | Ranipet, Tamil Nadu, India | |||
| Eurasia Leather Private Limited | ₹20.56 Cr (FY 2025) | 17.0% | Kanpur, Uttar Pradesh, India | |||
| Toto PVC Leather Private Limited | ₹19.43 Cr (FY 2024) | -27.0% | Bagathala, Gujarat, India | |||
| VRS Leathers Private Limitedthis company | ₹18.82 Cr (FY 2024) | ₹17.88 Lakh | 1% | -6.0% | 32 | Chennai, Tamil Nadu, India |
| Enayat Agro Foods Private Limited | ₹17.25 Cr (FY 2024) | 30.0% | Jajmau, Uttar Pradesh, India |
To see the full peer comparison of VRS Leathers Private Limited, buy the company report.
Auditor
VRS Leathers Private Limited is audited by NARASIMHAN AND SRINIVASAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NARASIMHAN AND SRINIVASAN | FY 2023 | 002339S |
Shareholding
The shareholding of VRS Leathers Private 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 VRS Leathers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.24 Cr
Satisfied charges
₹8.88 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2024 | 101023778 | Hdfc Bank Limited | ₹1.33 Cr | Open | |
| 13 Sep 2024 | 101044084 | Hdfc Bank Limited | ₹9.83 Lakh | Open | |
| 10 Sep 2024 | 101011685 | Hdfc Bank Limited | ₹12.09 Lakh | Open | |
| 11 Apr 2023 | 100732148 | Hdfc Bank Limited | ₹8.43 Lakh | Open | |
| 11 Apr 2023 | 100734627 | Hdfc Bank Limited | ₹6.34 Lakh | Open |
To see the full charge records of VRS Leathers Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
VRS Leathers Private Limited has 5 court cases on record: 3 filed by VRS Leathers, 2 filed against it. All cases are disposed.
Total cases
5
Filed by the company
3
Filed against the company
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Revision petition | Filed by the company against Indusind Bank Limited and 1 other | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Indusind Bank Limited and 1 other | Disposed |
| District court, Chennai, Tamil Nadu | Execution petition | Filed against the company by an individual | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Office of the Commissioner of Customs (Export) and Anr. and 1 other | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of VRS Leathers 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 VRS Leathers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
VRS Leathers Private Limited has a workforce of 32 employees on its EPFO records as of Mar 24, 2024, across 1 active EPFO establishment.
Employee count
32
Active EPFO establishments
1
Employee growth
60%
GST
VRS Leathers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACV2542B1ZZ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VRS Leathers Private Limited, buy the company report.
Recent activity
VRS Leathers Private Limited has 3 board changes on record since 1994: 3 appointments. The latest: Senthil Kumar Kannan was appointed as Whole-Time Director on 10 Nov 2014.
AGM
Vrs Leathers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vrs Leathers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge with Others of Rs. 455.00 Lakh registered on 16 Dec 2014 with Charge ID 10549735 was modified on 27 Mar 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 132.50 Lakh with Charge ID 101023778 was registered on 27 Sep 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 9.83 Lakh with Charge ID 101044084 was registered on 13 Sep 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 12.09 Lakh with Charge ID 101011685 was registered on 10 Sep 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 8.43 Lakh with Charge ID 100732148 was registered on 11 Apr 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 6.34 Lakh with Charge ID 100734627 was registered on 11 Apr 2023.
Charges
A charge registered on 26 May 2011 via Charge ID 10295985 with Standard Chartered Bank was fully satisfied on 13 Feb 2019.
Charges
A charge registered on 25 Jul 2007 via Charge ID 10065750 with Standard Chartered Bank was fully satisfied on 13 Feb 2019.
Charges
A charge registered on 29 Aug 2005 via Charge ID 90290776 with Standard Chartered Bank was fully satisfied on 13 Feb 2019.
Charges
A charge with Standard Chartered Bank of Rs. 427.22 Lakh registered on 26 May 2011 with Charge ID 10295985 was modified on 15 Oct 2015.
9 earlier events are in the company report.
Frequently asked questions
VRS Leathers is an active private limited company based in Chennai, Tamil Nadu, India. The company works in leather goods, within the manufacturing industry. It was incorporated on 21 October 1994 (32+ years old) and is registered under CIN U18209TN1994PTC028996.
VRS Leathers has 3 current directors:
- Venkatasamy Raja Seenivasan - Managing Director
- Jayanthi Rajaseenivasan - Whole-Time Director
- Senthil Kumar Kannan - Whole-Time Director
The latest financial statements of VRS Leathers 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 2015 are in the company report.
The GSTIN of VRS Leathers is 33AAACV2542B1ZZ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of VRS Leathers is U18209TN1994PTC028996. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VRS Leathers has 5 court cases on record: 3 filed by the company and 2 filed against it. Most are in the high courts.
VRS Leathers was incorporated on 21 October 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of VRS Leathers by revenue are Height Buildcon Private Limited, Conceria International Private Limited, Eurasia Leather Private Limited, Toto PVC Leather Private Limited, Enayat Agro Foods Private Limited, all in the Manufacturing industry (Leather), with the same principal business activity (textile, leather and other apparel products).
Senthil Kumar Kannan was appointed as Whole-Time Director on 10 Nov 2014. Jayanthi Rajaseenivasan was appointed as Whole-Time Director on 21 Oct 1994. Venkatasamy Raja Seenivasan was appointed as Managing Director on 21 Oct 1994.
Yes, VRS Leathers is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0029588).
VRS Leathers can be reached through the website vrsleathers.com. Its registered office is in Chennai, Tamil Nadu, India.
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