About Vse Stock Services Limited
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Vse Stock Services Limited is a public limited company based in Vadodara, Gujarat, India, a subsidiary of Norfolk Technology Services Limited. It operates in the financial exchanges segment of the financial services sector. It was incorporated on 16 January 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ2002PLC040360. Its GSTIN is 24AABCV4258K1Z5 (Gujarat).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It is led by directors including Upveen Harpal and Honey Baljit Singh.
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3rd Floor Fortune Towersayajigunj, Vadodara, Gujarat, India – 390005.
As per the financials filed for FY 2025, the company reported a revenue of ₹26.51 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹5.33 Cr (net margin 20.1%) and EBITDA of ₹6.43 Cr (EBITDA margin 24.3%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 22% over five years.
The company has about 23 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: VSELIndia. Court records list 12 cases involving the company, including 6 filed by the company and 6 filed against it; 1 case is 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 vselindia.com.
Company details
Contact details
Vse Stock Services Limited's registered office is in Vadodara, Gujarat. Its website is vselindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor Fortune Towersayajigunj, Vadodara, Gujarat, India – 390005
- IndustryFinancial Services, Financial Exchanges
To see the full contact details of Vse Stock Services 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
Brands
Vse Stock Services operates one associated brand: VSELIndia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Functions as an online trading platform for commodities, derivatives, stocks, and other assets. | vselindia.com |
Business activity
The main business activity of Vse Stock Services 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 Vse Stock Services Limited, buy the company report.
Financials of Vse Stock Services Limited
FY 2025 filings availableVse Stock Services Limited reported revenue of ₹26.51 Cr (up 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 28% growth in the latest year. EBITDA rose 261% 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 | ₹6.43 Cr | ||||
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| Net Profit (PAT) | ₹5.33 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 24.3% | ||||
| Net Profit Margin | 20.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vse Stock Services Limited, buy the company report.
Board of directors of Vse Stock Services Limited
Vse Stock Services has 3 current directors and 34 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Upveen Harpal Also directs: Integra Switchgear Limited, Idream Film Infrastructure Company Limited, Bimal Switchgear Private Limited and 5 more | Director | 06 Sep 2018 | 8 Years 2 Months | Current |
| Honey Baljit Singh Also directs: Integra Switchgear Limited, Idream Film Infrastructure Company Limited, Bimal Switchgear Private Limited and 3 more | Director | 06 Sep 2018 | 8 Years 2 Months | Current |
| Baljit Singh Also directs: Integra Switchgear Limited, Idream Film Infrastructure Company Limited, Bimal Switchgear Private Limited and 5 more | Director | 06 Sep 2018 | 8 Years 2 Months | Current |
Peer comparison
Vse Stock Services Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Stock and Commodity Exchanges), 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 |
|---|---|---|---|---|---|---|
| Vinod Shares Limited | ₹31.46 Cr (FY 2025) | 2460.0% | Jodhpur, Rajasthan, India | |||
| Pitambar Commodity Futures Private Limited | ₹30.73 Cr (FY 2025) | 2604.0% | Jaipur, Rajasthan, India | |||
| Vse Stock Services Limitedthis company | ₹26.51 Cr (FY 2025) | ₹5.33 Cr | 20.1% | 28.0% | 23 | Vadodara, Gujarat, India |
| Power Bulls Stock Broker Private Limited | ₹16.99 Cr (FY 2025) | 257.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Vse Stock Services Limited, buy the company report.
Auditor
Vse Stock Services Limited is audited by D.C.PARIKH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D.C.PARIKH & CO | FY 2023 | 107537W |
Shareholding
The shareholding of Vse Stock Services 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 Vse Stock Services Limited, buy the company report.
Legal cases
Vse Stock Services Limited has 12 court cases on record: 6 filed by Vse Stock Services, 6 filed against it. 1 case is pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 5 | 1 |
| High courts | 3 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by an individual | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by an individual | Disposed |
| District court, Vadodara, Gujarat | Court case (CMA DC) | Filed against the company by an individual | Disposed |
| District court, Vadodara, Gujarat | Court case (CMA DC) | Filed against the company by an individual | Disposed |
To see the full case history of Vse Stock Services 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 Vse Stock Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vse Stock Services has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Vse Securities Ifsc Private Limited | U65999GJ2019PTC106219 |
To see the full group structure of Vse Stock Services Limited, buy the company report.
Employees & EPFO
Vse Stock Services Limited has a workforce of 23 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Vse Stock Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCV4258K1Z5 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vse Stock Services Limited, buy the company report.
Recent activity
Vse Stock Services Limited has 35 board changes on record since 2008: 3 appointments and 32 cessations. The latest: Subhash Bhagwandas Dalal ceased to be Director on 31 Jan 2019.
26 earlier events are in the company report.
Frequently asked questions
Vse Stock Services is an active public limited company based in Vadodara, Gujarat, India. The company works in financial exchanges, within the financial services industry. It was incorporated on 16 January 2002 (24+ years old) and is registered under CIN U67120GJ2002PLC040360.
Vse Stock Services has 3 current directors:
- Upveen Harpal - Director
- Honey Baljit Singh - Director
- Baljit Singh - Director
The latest financial statements of Vse Stock Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vse Stock Services is 24AABCV4258K1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Vse Stock Services is U67120GJ2002PLC040360. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vse Stock Services has 12 court cases on record: 6 filed by the company and 6 filed against it. 1 is pending. Most are in the district courts.
Vse Stock Services was incorporated on 16 January 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Vse Stock Services by revenue are Vinod Shares Limited, Pitambar Commodity Futures Private Limited, Power Bulls Stock Broker Private Limited, all in the BFSI industry (Stock and Commodity Exchanges), with the same principal business activity (financial advisory, brokerage and consultancy services).
Subhash Bhagwandas Dalal ceased to be Director on 31 Jan 2019. Baljit Singh ceased to be Additional Director on 24 Sep 2018. Divyesh Kishorchandra Mehta ceased to be Additional Director on 24 Sep 2018. Vse Stock Services has 35 board changes on record in total.
Vse Stock Services can be reached through the website vselindia.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Vse Stock Services is at 3rd Floor Fortune Towersayajigunj, Vadodara, Gujarat, India – 390005.
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