VSM Projects Private Limited

VSM Projects Private Limited - energy and power in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN U11100GJ2005PTC045289 Incorporated 11 January 2005 ROC Ahmedabad HQ Surat, Gujarat, India
Active Private Limited Company energy and power MSME · Micro
Revenue · FY 2025
₹5.81 Cr
▲ 44% YoY
Net profit · FY 2025
₹13 Lakh
Net margin 2.2%
EBITDA · FY 2025
₹25.05 Lakh
EBITDA margin 4.3%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.35 Cr
Issued & subscribed
Satisfied charges
₹3.15 Cr
No open charges
Company age
21 yrs
Est. 2005
Employees · EPFO
3
Provident fund records

About VSM Projects Private Limited

Data last updated:

VSM Projects Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the oil and gas infrastructure services segment of the energy and power sector. It was incorporated on 11 January 2005 and has been in existence for over 21 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U11100GJ2005PTC045289. Its GSTIN is 24AABCV9792N1ZI (Gujarat). The company holds 3 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.35 Cr. It is led by directors Savitaben Vithhalbhai Patel and Mahendrabhai Vithhalbhai Patel.

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 11 – 12 Sanjivani Complexkadodara Char Rasta N H No 8, Surat, Gujarat, India.

As per the financials filed for FY 2025, the company reported a revenue of ₹5.81 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹13 Lakh (net margin 2.2%) and EBITDA of ₹25.05 Lakh (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years and 19% over five years.

The company has about 3 employees on its provident fund (EPFO) records.

As per MCA filings, the company has satisfied charges of ₹3.15 Cr on record. Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it.

VSM Projects Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0073242). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vsmprojects.com.

Company details

CIN U11100GJ2005PTC045289
Registration Number 045289
Incorporation Date 11 January 2005
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-22-0073242
Key People
Savitaben Vithhalbhai Patel Director Mahendrabhai Vithhalbhai Patel Director

Recognitions & Rankings of VSM Projects

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-GJ-22-0073242

Contact details

VSM Projects Private Limited's registered office is in Surat, Gujarat. Its website is vsmprojects.com. Its e-mail address is in the company report.

  • Email
  • Website
    vsmprojects.com
  • Social Media
  • Registered Address
    11 – 12 Sanjivani Complexkadodara Char Rasta N H No 8, Surat, Gujarat, India
  • Industry
    Energy and Power, Oil & Gas Infrastructure Services

To see the full contact details of VSM Projects Private Limited, buy the company report.

Comprehensive company report
VSM Projects 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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Secure checkout · GST invoice included

Business activity

The main business activity of VSM Projects is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of VSM Projects Private Limited, buy the company report.

Financials of VSM Projects Private Limited

FY 2025 filings available

VSM Projects Private Limited reported revenue of ₹5.81 Cr (up 44% YoY) for FY 2025.

Revenue · FY 2025
₹5.81 Cr ▲ 44%
Net profit · FY 2025
₹13 Lakh margin 2.2%
EBITDA · FY 2025
₹25.05 Lakh margin 4.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 44%
3 years · compounded
▲ 45%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▼ 22%
3 years · compounded
▲ 10%
5 years · compounded
▲ 7%

Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 44% growth in the latest year. EBITDA fell 22% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹25.05 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹13 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin4.3%
Net Profit Margin2.2%
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 VSM Projects Private Limited, buy the company report.

Board of directors of VSM Projects Private Limited

VSM Projects has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Savitaben Vithhalbhai Patel
Also directs: VSM Industries Private Limited
Director16 Jun 200521 Years 4 MonthsCurrent
Mahendrabhai Vithhalbhai Patel
Also directs: VSM Industries Private Limited
Director12 Apr 20197 Years 7 MonthsCurrent
View all directors

Auditor

VSM Projects Private Limited is audited by SHAH GOPANI & ASSOCIATES for the financial year 2022.

Auditor firmFinancial yearFirm registration number
SHAH GOPANI & ASSOCIATESFY 2022117466W

Shareholding

The shareholding of VSM Projects Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of VSM Projects Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹3.15 Cr
Breakdown by lending institutions
Ing Vysya Bank Limited₹1.40 Cr
The Sutex Co-Operative Bank Ltd₹1.00 Cr
The Sutex Co Op Bank Limited₹0.75 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
20 Dec 201410539016The Sutex Co-Operative Bank Ltd₹70 LakhSatisfied
20 Dec 201410539017The Sutex Co-Operative Bank Ltd₹30 LakhSatisfied
17 Mar 201210344686The Sutex Co Op Bank Limited₹75 LakhSatisfied
15 Feb 200710039476Ing Vysya Bank Limited₹1.4 CrSatisfied

To see the full charge records of VSM Projects Private Limited, buy the company report.

Total charge records: 4 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for VSM Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

VSM Projects Private Limited has a workforce of 3 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
3
Active EPFO establishments
1

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-273
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of VSM Projects Private Limited, buy the company report.

GST

VSM Projects has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
24AABCV9792N1ZIGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of VSM Projects Private Limited, buy the company report.

Recent activity

VSM Projects Private Limited has 15 board changes on record since 2005: 2 appointments and 13 cessations. The latest: Vitthalbhai Savjibhai Patel ceased to be Director on 29 Apr 2019.

AGM
Vsm Projects Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vsm Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 20 Dec 2014 via Charge ID 10539016 with The Sutex Co-Operative Bank Ltd was fully satisfied on 06 Oct 2020.
Charges
A charge registered on 20 Dec 2014 via Charge ID 10539017 with The Sutex Co-Operative Bank Ltd was fully satisfied on 06 Oct 2020.
Ceased
Vitthalbhai Savjibhai Patel ceased to be Director.
Appointed
Mahendrabhai Vithhalbhai Patel was appointed as Director.
Ceased
Kishorbhai Damjibhai Boghara ceased to be Director.
Ceased
Shilpaben Jatinkumar Parvadia ceased to be Director.
Ceased
Jatin Jagjivanbhai Parvadia ceased to be Director.
Ceased
Krishna Murthy Rao Tadipatri ceased to be Director.
Ceased
Bhupat Mohanbhai Patel ceased to be Director.
Ceased
Keshav Kalyana Veerabhadran Ramamoorthy ceased to be Director.

14 earlier events are in the company report.

Frequently asked questions

VSM Projects is an active private limited company based in Surat, Gujarat, India. The company works in oil and gas infrastructure services, within the energy and power industry. It was incorporated on 11 January 2005 (21+ years old) and is registered under CIN U11100GJ2005PTC045289.

VSM Projects has 2 current directors:

The latest financial statements of VSM Projects 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 VSM Projects is 24AABCV9792N1ZI, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of VSM Projects is U11100GJ2005PTC045289. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

VSM Projects has 7 court cases on record: 3 filed by the company and 4 filed against it.

VSM Projects was incorporated on 11 January 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Vitthalbhai Savjibhai Patel ceased to be Director on 29 Apr 2019. Mahendrabhai Vithhalbhai Patel was appointed as Director on 12 Apr 2019. Kishorbhai Damjibhai Boghara ceased to be Director on 11 Jul 2018. VSM Projects has 15 board changes on record in total.

Yes, VSM Projects is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-22-0073242).

VSM Projects can be reached through the website vsmprojects.com. Its registered office is in Surat, Gujarat, India.