About VVBG Private Limited
Data last updated:
VVBG Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Essilor India Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the lifestyle products and accessories manufacturing segment of the home and lifestyle products sector. It was incorporated on 28 September 1995.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U33203MH1995PTC093210. Its GSTIN is 27AAACV2144B1ZU (Maharashtra). The company held 6 GST registrations, of which 5 are active.
The company had an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹8.26 Cr. It was formerly known as Vijay Vision Private Limited. It was led by directors including Puthuparambil Prabhakaran Srees and Harish Kishorekumar Gajjar.
Its last annual general meeting (AGM) was held on 20 June 2024, and its latest financial statements are for the year ended 31 December 2023. The registered office was at Unit No. 1503 15th Floor A Wing Naman Midtown, Prabhadevi Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2022, the company reported a revenue of ₹14.55 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹2.47 Cr (net margin -16.9%) and EBITDA of -₹1.14 Cr (EBITDA margin -7.8%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 15% over five years.
The company had about 88 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹7.03 Cr on record. Court records list 8 cases involving the company, including 7 filed by the company and 1 filed against it; 4 cases are pending.
The last known website on record is claritylens.co.in.
Company details
Contact details
VVBG Private Limited's registered office is in Mumbai, Maharashtra. Its website is claritylens.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No. 1503 15th Floor A Wing Naman Midtown, Prabhadevi Mumbai, Maharashtra, India – 400013
- IndustryHome & Lifestyle, Lifestyle Products & Accessories Manufacturing
To see the full contact details of VVBG 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
Financials of VVBG Private Limited
FY 2023 filings availableVVBG Private Limited reported revenue of ₹14.55 Cr (down 14% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 14% fall 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹14.55 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.47 Cr | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.8% | ||||
| Net Profit Margin | -16.9% | ||||
| 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 VVBG Private Limited, buy the company report.
Board of directors of VVBG Private Limited
VVBG has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Puthuparambil Prabhakaran Srees | Director | 07 Feb 2023 | 3 Years 8 Months | As last reported |
| Harish Kishorekumar Gajjar Also directs: H and M Associates LLP, Gajjar Tools Private Limited | Director | 30 Sep 2005 | 21 Years 0 Months | As last reported |
| Manoj Kumar Also directs: Essilor Manufacturing India Private Limited | Director | 27 Nov 2020 | 5 Years 10 Months | As last reported |
Auditor
VVBG Private Limited is audited by KALYANIWALLA & MISTRY LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALYANIWALLA & MISTRY LLP | FY 2022 | 104607W / W100166 |
Shareholding
The shareholding of VVBG Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of VVBG Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Mar 2004 | 90158347 | Mandvi Co-Op Bank Ltd | ₹1 Cr | Satisfied | |
| 10 Oct 2002 | 90158032 | Mandvi Co-Operative Bank Ltd | ₹22.5 Lakh | Satisfied | |
| 12 Jun 1996 | 90156347 | Industrial Development Bank of India Limited | ₹5.8 Cr | Satisfied |
To see the full charge records of VVBG Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
VVBG Private Limited has 8 court cases on record: 7 filed by VVBG, 1 filed against it. 4 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 3 |
| High courts | 3 | 1 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against M/S. Kartik Opticals and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against M/S. Mamtora Brothers and 3 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against Vision Care Solutions | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-13, Mumbai | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against M/S. World Optix | Disposed |
To see the full case history of VVBG 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
VVBG Private Limited has 13 MSME Form 1 returns on record between 2018 and 2024, listing 29 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Lenstech Opticals Private Limited | |||
| an individual supplier | |||
| GKB Ophthalmics Limited | |||
| GKB Vision Private Limited | |||
| Norville Autoflow India Private Limited |
To see the full MSME payment records of VVBG Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
VVBG Private Limited has a workforce of 88 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
VVBG has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV2144B1ZU | Maharashtra | Active | 01 Jul 2017 |
| 07AAACV2144B1ZW | Delhi | Active | 08 Mar 2018 |
| 33AAACV2144B1Z1 | Tamil Nadu | Active | 12 Mar 2018 |
| 22AAACV2144B1Z4 | Chhattisgarh | Active | 13 Mar 2018 |
To see the full GST registrations and return filing status of VVBG Private Limited, buy the company report.
Recent activity
VVBG Private Limited has 18 board changes on record since 2005: 3 appointments and 15 cessations. The latest: Puthuparambil Prabhakaran Srees ceased to be Additional Director on 19 Apr 2023.
15 earlier events are in the company report.
Frequently asked questions
VVBG has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
VVBG was a private limited company based in Mumbai, Maharashtra, India. The company worked in lifestyle products and accessories manufacturing, within the home and lifestyle industry. It was incorporated on 28 September 1995 and is registered under CIN U33203MH1995PTC093210. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
VVBG was incorporated on 28 September 1995. It is registered with the Registrar of Companies, Mumbai.
VVBG had 3 directors:
- Puthuparambil Prabhakaran Srees - Director
- Harish Kishorekumar Gajjar - Director
- Manoj Kumar - Director
The CIN (Corporate Identification Number) of VVBG is U33203MH1995PTC093210. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of VVBG is at Unit No. 1503 15th Floor A Wing Naman Midtown, Prabhadevi Mumbai, Maharashtra, India – 400013.
VVBG can be reached through the website claritylens.co.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of VVBG on record with the MCA are for the year ended 31 December 2023. Its last annual general meeting was held on 20 June 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of VVBG is 27AAACV2144B1ZU, registered in Maharashtra. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAACV2144B1ZW (Delhi), 33AAACV2144B1Z1 (Tamil Nadu), 22AAACV2144B1Z4 (Chhattisgarh).
VVBG operated in the home and lifestyle industry, in the lifestyle products and accessories manufacturing segment.
VVBG has 13 MSME Form 1 returns on record between 2018 and 2024, listing 29 overdue payments to 5 micro and small suppliers. The latest return was filed on 16 Apr 2024.