About VSL India Private Limited
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VSL India Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Vsl International Limited. It operates in the engineering sector. It was incorporated on 11 November 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U28920TN1999PTC043540. Its GSTIN is 33AAACV9694E1Z2 (Tamil Nadu). The company holds 10 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹62.5 Cr and a paid-up capital of ₹49.5 Cr. It is led by directors including Kailash Babulal Basita (Managing Director) and Jean Yves Pierre Mondon.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹328.33 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹42.18 Cr (net margin 12.8%) and EBITDA of ₹66.2 Cr (EBITDA margin 20.2%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 22% over five years.
The company has about 1,476 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: VSL International. As per MCA filings, the company has satisfied charges of ₹6 Cr on record. Court records list 107 cases involving the company, including 49 filed by the company and 59 filed against it; 16 cases are pending. The company has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹57.3 Cr; the latest was in January 2015. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 366 overdue payments to 31 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 vsl.com.
Company details
Contact details
VSL India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is vsl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor West Wing No.21 North Phase Industrial Estate Gu, Indy, Chennai, Tamil Nadu, India – 600032
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of VSL India 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
Brands
VSL India operates one associated brand: VSL International. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| VSL International is recognized as a specialist in structural systems and ground engineering for construction. | vsl.com |
Business activity
The main business activity of VSL India is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of VSL India Private Limited, buy the company report.
Financials of VSL India Private Limited
FY 2025 filings availableVSL India Private Limited reported revenue of ₹328.33 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 5% growth in the latest year. EBITDA fell 38% 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 | ₹66.2 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹42.18 Cr | ||||
| Balance Sheet | |||||
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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 | 20.2% | ||||
| Net Profit Margin | 12.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of VSL India Private Limited, buy the company report.
Board of directors of VSL India Private Limited
VSL India has 3 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jean Yves Pierre Mondon | Director | 10 Mar 2011 | 15 Years 7 Months | Current |
| Thierry Figuereo Also directs: Bouygues Construction India Building Projects LLP | Director | 06 Apr 2022 | 4 Years 6 Months | Current |
| Kailash Babulal Basita | Managing Director | 11 Aug 2016 | 10 Years 2 Months | Current |
Auditor
VSL India Private 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 |
Shareholding
The shareholding of VSL India 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 VSL India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Aug 2005 | 90289540 | Bnp Paribas | ₹6 Cr | Satisfied |
To see the full charge records of VSL India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
VSL India Private Limited has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹57.3 Cr; the latest was in January 2015.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2015 | Funding round | ₹8 Cr | Investors: VSL International Limited |
| Feb 2012 | Funding round | ₹10 Cr | Investors: VSL International Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: VSL Hong Kong Limited Seller: VSL International Limited |
| Feb 2010 | Funding round | ₹31.3 Cr | Investors: VSL International Limited |
| Mar 2008 | Funding round | ₹8 Cr | Investors: VSL International Limited |
To see the full deal history of VSL India Private 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
VSL India Private Limited has 107 court cases on record: 49 filed by VSL India, 59 filed against it. 16 cases are pending and 91 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 60 | 37 | 6 |
| High courts | 47 | 22 | 10 |
Cases on record (5 of 107)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Execution petition | Filed by the company against M/S Gammon Engineers and Contractors Pvt. Ltd | Pending |
| District court, South, Delhi | Execution petition | Filed by the company against Omaxe Limited | Disposed |
| High Court, CHANDIGARH (UT) | Arbitration matter | Filed by the company against M/S Pink City Expressway Private Limited (Pcepl) | Disposed |
| District court, South, Delhi | Court case (RCA DJ) | Filed against the company by Omaxe Ltd. | Disposed |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed by the company against Coastal Projects Limited and 2 others | Disposed |
To see the full case history of VSL India 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
VSL India Private Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 366 overdue payments to 31 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 31)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Materials Evaluation Services (Mumbai) Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Triumph Engineers & Associates Private Limited |
To see the full MSME payment records of VSL India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
VSL India Private Limited has a workforce of 1,476 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
VSL India has 10 GST registrations: 8 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACV9694E1Z2 | Tamil Nadu | Active | 01 Jul 2017 |
| 10AAACV9694E1ZA | Bihar | Active | 01 Jul 2017 |
| 18AAACV9694E1ZU | Assam | Active | 01 Jul 2017 |
| 24AAACV9694E1Z1 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VSL India Private Limited, buy the company report.
Recent activity
VSL India Private Limited has 20 board changes on record since 2007: 3 appointments and 17 cessations. The latest: Thierry Figuereo ceased to be Additional Director on 23 Sep 2022.
14 earlier events are in the company report.
Frequently asked questions
VSL India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in the engineering industry. It was incorporated on 11 November 1999 (27+ years old) and is registered under CIN U28920TN1999PTC043540.
VSL India has 3 current directors:
- Kailash Babulal Basita - Managing Director
- Jean Yves Pierre Mondon - Director
- Thierry Figuereo - Director
The latest financial statements of VSL India 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 VSL India is 33AAACV9694E1Z2, registered in Tamil Nadu. The company has 10 GST registrations in all, of which 8 are active and 2 are cancelled or inactive. Other active GSTINs include 10AAACV9694E1ZA (Bihar), 18AAACV9694E1ZU (Assam), 24AAACV9694E1Z1 (Gujarat).
The CIN (Corporate Identification Number) of VSL India is U28920TN1999PTC043540. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VSL India has 107 court cases on record: 49 filed by the company and 59 filed against it. 16 are pending. Most are in the district courts.
VSL India was incorporated on 11 November 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chennai.
VSL India has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹57.3 Cr; the latest was in January 2015.
Thierry Figuereo ceased to be Additional Director on 23 Sep 2022. Jean Yves Raymond Huran ceased to be Director on 02 Jun 2022. Thierry Figuereo was appointed as Director on 06 Apr 2022. VSL India has 20 board changes on record in total.
VSL India has 13 MSME Form 1 returns on record between 2019 and 2023, listing 366 overdue payments to 31 micro and small suppliers. The latest return was filed on 16 Dec 2023.
VSL India can be reached through the website vsl.com. Its registered office is in Chennai, Tamil Nadu, India.
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