About Vtotech Seating Systems Private Limited
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Vtotech Seating Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 16 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36100MH1998PTC113979.
The company has an authorised share capital of ₹11 Lakh and a paid-up capital of ₹10.52 Lakh. It is led by directors Dhruv Kirti Panchal and Kirti Manchand Panchal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 15 Floor – G Plot – 470/471 Bussa Industrial Estate Century Bazaar Lane Worli, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.64 Cr, a growth of 132% compared to the previous year. For the same year it recorded a net profit of ₹1.29 Cr (net margin 35.5%) and EBITDA of ₹1.62 Cr (EBITDA margin 44.5%). Revenue has grown at a compounded annual rate (CAGR) of 60% over three years and 32% over five years.
The company is associated with 1 brand: Vtotech. As per MCA filings, the company has open charges of ₹1.51 Cr and satisfied charges of ₹2.3 Cr on record. Court records list 2 cases involving the company, including 2 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 vtotech.in.
Company details
Contact details
Vtotech Seating Systems Private Limited's registered office is in Mumbai, Maharashtra. Its website is vtotech.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address15 Floor – G Plot – 470/471 Bussa Industrial Estate Century Bazaar Lane Worli, Mumbai, Maharashtra, India – 400025
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
To see the full contact details of Vtotech Seating Systems 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
Vtotech Seating Systems operates one associated brand: Vtotech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Furniture manufacturing, including chairs, sofas, and tables, with a focus on quality and customer service in India. | vtotech.in |
Business activity
The main business activity of Vtotech Seating Systems is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Vtotech Seating Systems Private Limited, buy the company report.
Financials of Vtotech Seating Systems Private Limited
FY 2024 filings availableVtotech Seating Systems Private Limited reported revenue of ₹3.64 Cr (up 132% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 132% growth in the latest year. EBITDA rose 572% 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 |
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| EBITDA | ₹1.62 Cr | ||||
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| Net Profit (PAT) | ₹1.29 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 44.5% | ||||
| Net Profit Margin | 35.5% | ||||
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To see the full financial statements and ratios of Vtotech Seating Systems Private Limited, buy the company report.
Board of directors of Vtotech Seating Systems Private Limited
Vtotech Seating Systems has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruv Kirti Panchal | Director | 05 Feb 2016 | 10 Years 8 Months | Current |
| Kirti Manchand Panchal | Director | 16 Mar 1998 | 28 Years 7 Months | Current |
Peer comparison
Vtotech Seating Systems Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sirohi Furniture Private Limited | ₹3.68 Cr (FY 2025) | 38.0% | Muzaffarnagar, Uttar Pradesh, India | |||
| Vtotech Seating Systems Private Limitedthis company | ₹3.64 Cr (FY 2024) | ₹1.29 Cr | 35.5% | 132.0% | Mumbai, Maharashtra, India | |
| Benchmark Lifestyle Solutions Private Limited | ₹3.62 Cr (FY 2025) | 18.0% | Haryana, India | |||
| Omen Global Private Limited | ₹3.62 Cr (FY 2025) | 46.0% | Dewas, Madhya Pradesh, India |
To see the full peer comparison of Vtotech Seating Systems Private Limited, buy the company report.
Auditor
Vtotech Seating Systems Private Limited is audited by Darshan Bheda & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Darshan Bheda & Associates | FY 2023 | 129734W |
Shareholding
The shareholding of Vtotech Seating Systems 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 Vtotech Seating Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2021 | 100466101 | Yes Bank Limited | ₹65.7 Lakh | Open | |
| 26 Mar 2021 | 100437792 | Yes Bank Limited | ₹45.95 Lakh | Open | |
| 28 Jan 2019 | 100240208 | Others | ₹35 Lakh | Open | |
| 30 Mar 2000 | 90142825 | The Shamrao Vithal Co-Op. Bank Ltd. | ₹4.5 Lakh | Open | |
| 28 Jun 2013 | 10478909 | Hdb Financial Services Limited | ₹1.1 Cr | Satisfied |
To see the full charge records of Vtotech Seating Systems Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Vtotech Seating Systems Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Mr. Bakshi Ghura and Company | Disposed |
To see the full case history of Vtotech Seating Systems 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 Vtotech Seating Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Vtotech Seating Systems Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vtotech Seating Systems Private Limited has 4 board changes on record since 1998: 2 appointments and 2 cessations. The latest: Dhruv Kirti Panchal ceased to be Additional Director on 30 Sep 2016.
8 earlier events are in the company report.
Frequently asked questions
Vtotech Seating Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 16 March 1998 (28+ years old) and is registered under CIN U36100MH1998PTC113979.
Vtotech Seating Systems has 2 current directors:
- Dhruv Kirti Panchal - Director
- Kirti Manchand Panchal - Director
The latest financial statements of Vtotech Seating Systems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vtotech Seating Systems is U36100MH1998PTC113979. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vtotech Seating Systems has 2 court cases on record: 2 filed against it. 1 is pending.
Vtotech Seating Systems was incorporated on 16 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Vtotech Seating Systems by revenue are Sirohi Furniture Private Limited, Benchmark Lifestyle Solutions Private Limited, Omen Global Private Limited, all in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Dhruv Kirti Panchal ceased to be Additional Director on 30 Sep 2016. Dhruv Kirti Panchal was appointed as Director on 05 Feb 2016. Dina Panchal ceased to be Director on 05 Feb 2016. Vtotech Seating Systems has 4 board changes on record in total.
Vtotech Seating Systems can be reached through the website vtotech.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Vtotech Seating Systems is at 15 Floor – G Plot – 470471 Bussa Industrial Estate Century Bazaar Lane Worli, Mumbai, Maharashtra, India – 400025.
Vtotech Seating Systems operates in the consumer electronics and durables industry, in the furniture manufacturing segment.