Verifacts Services Private Limited

Background verification company offering pre-employment screening and online workflow system for global clients.

2005 | Bangaluru, Karnataka (India) | Active
Last Updated:

Verifacts Services Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 5.00 M
  • Company Age 20 Year, 5 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 4.90 Cr
  • Satisfied Charges ₹ 7.75 Cr
  • Revenue Growth 41.85%
  • Profit Growth 480.64%
  • Ebitda 1045.08%
  • Net Worth 8.92%
  • Total Assets 23.44%

About Verifacts Services

Verifacts Services Private Limited (VSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 March 2005 and has a history of 20 years. Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Travel And Hospitality Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 5.00 M.

The company currently has active open charges totaling ₹4.90 Cr. The company has closed loans amounting to ₹7.75 Cr, as per Ministry of Corporate Affairs (MCA) records.

Ashokraj Birla, Kaiwan Kalyaniwalla, Vijaykumar Jatia, and Two other members serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74140KA2005PTC035878

  • Company No.

    035878

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    22 Mar 2005

  • Date of AGM

    05 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Travel and Hospitality

Who are the key members and board of directors at Verifacts Services?

Board Members (5)

NameDesignationAppointment DateStatus
Vijaykumar Jatia Country flag representing In Director 04-Feb-2014Current
Sidhant Jatia Country flag representing In Director 04-Nov-2019Current
Ashokraj Birla Country flag representing In Director 04-Feb-2014Current
Kaiwan Kalyaniwalla Country flag representing In Director 06-Nov-2023Current
Mudit Jatia Country flag representing In Director 04-Nov-2019Current

Financial Performance of Verifacts Services.

Verifacts Services Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 41.85% increase. The company also saw a substantial improvement in profitability, with a 480.64% increase in profit. The company's net worth moved up by a moderate rise of 8.92%.

Verifacts Services revenue growth over time
Verifacts Services profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
41.85%
Revenue from Operations
52.13%
Total Assets
23.44%
Profit or Loss
480.64%
Net Worth
8.92%
EBITDA
1045.08%

What is the Ownership and Shareholding Structure of Verifacts Services?

In 2022, Verifacts Services had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹4.90 Cr

Satisfied Charges

₹7.75 Cr

Charges Breakdown by Lending Institutions

  • Others : 4.90 Cr

Latest Charge Details

DateLenderAmountStatus
19 Sep 2019Others₹4.90 CrOpen
07 Sep 2019Others₹1.85 MSatisfied
26 Jun 2017Others₹4.00 CrSatisfied
16 Mar 2015Others₹2.50 CrSatisfied
27 May 2014Ing Vysya Bank Limited₹8.65 MSatisfied

How Many Employees Work at Verifacts Services?

Verifacts Services has a workforce of 297 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Verifacts Services Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Verifacts Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Verifacts Services's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Verifacts Services

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 4.90 Cr registered on 19 Sep 2019 with Charge ID 100294680 was modified on 01 Oct 2024.

  • Charges

    A charge registered on 07 Sep 2019 via Charge ID 100291884 with Others was fully satisfied on 20 Sep 2024.

  • Annual General Meeting

    Verifacts Services Private Limited last Annual general meeting of members was held on 05 Jul 2024 as per latest MCA records.

  • Balance Sheet

    Verifacts Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

  • Director Appointment

    Kaiwan Dossabhoy Kalyaniwalla was appointed as a Director was appointed as a Director on 06 Nov 2023 & has been associated with this company since 1 year 4 months .

  • Charges

    A charge registered on 26 Jun 2017 via Charge ID 100111540 with Others was fully satisfied on 02 Jan 2020.

Frequently asked questions

  • What is the Incorporation or founding date of Verifacts Services Private Limited?

    Verifacts Services Private Limited was incorporated on 22 Mar 2005.

  • What is authorized share capital and paid-up capital of Verifacts Services Private Limited?

    The authorized share capital of Verifacts Services Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 5.00 M.

  • Who are the current board members & directors of Verifacts Services Private Limited?

    Currently 5 directors are associated with Verifacts Services Private Limited.

    • Ashokraj Ramchandra Birla
    • Kaiwan Dossabhoy Kalyaniwalla
    • Vijaykumar Mahabirprasad Jatia
    • Sidhant Vijaykumar Jatia
    • Mudit Vijay Kumar Jatia

  • What is the registered address of Verifacts Services Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Verifacts Services Private Limited is 11Th Floor Brigade Metropolis Summit - B, Whitefield India, Bangalore North, Karnataka, 560048.

  • What is the corporate identification number (CIN) and company number of Verifacts Services Private Limited?

    The corporate identification number (CIN) of Verifacts Services Private Limited is U74140KA2005PTC035878 and the company number is 035878 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Verifacts Services Private Limited?

    The Official website of Verifacts Services Private Limited is https://www.verifacts.co.in

  • What has been the recent revenue trend for Verifacts Services Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Verifacts Services Private Limited has risen by 41.85%.

  • How many employees does Verifacts Services Private Limited currently have?

    As Per 2022 financial reports, 297 employees are currently employed by Verifacts Services Private Limited.

  • What change has been observed in the net worth of Verifacts Services Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Verifacts Services Private Limited has experienced an upsurge of 8.92%.

  • What are the total open charges for Verifacts Services Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Verifacts Services Private Limited amount to ₹ 4.90 Cr.

  • When was the last Balance Sheet of Verifacts Services Private Limited filed with the ROC?

    The most recent Balance Sheet for Verifacts Services Private Limited was filed with the ROC on 31 Mar 2024.

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