Vikas Money Profile
Key Indicators
- Authorised Capital ₹ 12.00 Cr
- Paid Up Capital ₹ 9.95 Cr
- Company Age 38 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 22.42 Cr
- Satisfied Charges ₹ 20.66 Cr
- Revenue Growth 63.71%
- Profit Growth -2.01%
- Ebitda 146.80%
- Net Worth -3.65%
- Total Assets 30.18%
About Vikas Money
Vikas Money Limited (VML) is a leading Public Limited Indian Non-Government Company incorporated in India on 09 April 1987 and has a history of 38 years and one month. Its registered office is in Palakkad, Kerala, India.
The Corporate was formerly known as Vikas Hire Purchase Company Limited. The Company is engaged in the Financial Services 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 12.00 Cr and a paid-up capital of Rs 9.95 Cr.
The company currently has active open charges totaling ₹22.42 Cr. The company has closed loans amounting to ₹20.66 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Vikas Money Limited India is Kanattukara Mohan as COMPANY SECRETARY. Ayanapara Pradeepmenon, Pilavazhi Santhakumari, Rajitha Valayangat, and Two other members serve as directors at the Company.
Company Details
- Location
Palakkad, Kerala, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U65921KL1987PLC004741
- Company No.
004741
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
09 Apr 1987
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ernakulam
Industry
Financial Services
Vikas Money Limited
Explore comprehensive data for Vikas Money Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Vikas Money?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ayanapara Pradeepmenon  | Managing Director | 30-Mar-2013 | Current |
| Kanattukara Mohan | Company Secretary | 28-Jun-2024 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Pilavazhi Santhakumari | Whole-Time Director | 01-Nov-2012 | Current |
| Rajitha Valayangat | Whole-Time Director | 18-Jan-2017 | Current |
| Satheesh | Director | 01-Nov-2013 | Current |
| Surya Menon | Director | 06-Jan-2020 | Current |
Financial Performance of Vikas Money.
Vikas Money Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 63.71% increase. The company also saw a slight decrease in profitability, with a 2.01% decrease in profit. The company's net worth dipped by a decrease of 3.65%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Vikas Money?
In 2022, Vikas Money had a public holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Vasthravikas Silks LlpAyanapara Pradeepmenon and Satheesh are mutual person
- Marthya Vikas Foundation
Ayanapara Pradeepmenon, Pilavazhi Santhakumari and 1 more are mutual person
- Prachodhan Retail Private Limited
Pilavazhi Santhakumari, Rajitha Valayangat and 1 more are mutual person
- Mandhirvikas Nidhi Limited
Pilavazhi Santhakumari, Rajitha Valayangat and 1 more are mutual person
Charges (Loans)
Open Charges
₹22.42 Cr
Satisfied Charges
₹20.66 Cr
Charges Breakdown by Lending Institutions
- Others : 19.37 Cr
- The Catholic Syrian Bank Ltd : 3.00 Cr
- The South Indian Bank Limited : 0.05 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Nov 2024 | Others | ₹0.80 M | Open |
| 18 Oct 2024 | Others | ₹8.24 M | Open |
| 27 Jul 2024 | Others | ₹7.99 M | Open |
| 26 Mar 2024 | Others | ₹1.21 Cr | Open |
| 29 Feb 2024 | Others | ₹1.09 Cr | Open |
How Many Employees Work at Vikas Money?
Vikas Money has a workforce of 40 employees as of Apr 03, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Vikas Money, 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 Vikas Money's trajectory.
Rating
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
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 Vikas Money
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 0.08 Cr with Charge ID 101014279 was registered on 26 Nov 2024.
- Charges
A charge registered on 18 Mar 2022 via Charge ID 100549276 with The South Indian Bank Limited was fully satisfied on 08 Nov 2024.
- Charges
A charge with Others amounted to Rs. 0.82 Cr with Charge ID 101011714 was registered on 18 Oct 2024.
- Annual General Meeting
Vikas Money Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 0.80 Cr with Charge ID 100970195 was registered on 27 Jul 2024.
- Director Appointment
Kanattukara Sandeep Mohan was appointed as a Company Secretary was appointed as a Company Secretary on 28 Jun 2024 & has been associated with this company since 10 months 27 days .
Frequently asked questions
What is the Incorporation or founding date of Vikas Money Limited?
Vikas Money Limited was incorporated on 09 Apr 1987.
What is authorized share capital and paid-up capital of Vikas Money Limited?
The authorized share capital of Vikas Money Limited is ₹ 12.00 Cr and paid-up capital is ₹ 9.95 Cr.
Who are the current board members & directors of Vikas Money Limited?
Currently 6 directors are associated with Vikas Money Limited.
- Ayanapara Pradeepmenon
- Pilavazhi Santhakumari
- Rajitha Valayangat
- Satheesh
- Surya Menon
- Kanattukara Sandeep Mohan
What is the registered address of Vikas Money Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Vikas Money Limited is 13/1528 First Floor, Anjali Complex Kavuvattom India, Cherpulassery, Kerala, 679503.
What is the corporate identification number (CIN) and company number of Vikas Money Limited?
The corporate identification number (CIN) of Vikas Money Limited is U65921KL1987PLC004741 and the company number is 004741 as per Ministry of Corporate Affairs (MCA).
What is the official website of Vikas Money Limited?
The Official website of Vikas Money Limited is https://www.vikasmoney.com
What has been the recent revenue trend for Vikas Money Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Vikas Money Limited has risen by 63.71%.
How many employees does Vikas Money Limited currently have?
As Per 2022 financial reports, 40 employees are currently employed by Vikas Money Limited.
What change has been observed in the net worth of Vikas Money Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Vikas Money Limited has experienced an downturn of -3.65%.
What are the total open charges for Vikas Money Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Vikas Money Limited amount to ₹ 22.42 Cr.
When was the last Balance Sheet of Vikas Money Limited filed with the ROC?
The most recent Balance Sheet for Vikas Money Limited was filed with the ROC on 31 Mar 2024.
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