Virtspaces Private Limited

Develops VR software for real estate and other industries, using IT and innovation for personal and commercial use.

2016 | Bangaluru, Karnataka (India) | Active
Last Updated: January 11, 2025

Virtspaces Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 8 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth %
  • Profit Growth -341.42%
  • Ebitda -1376.81%
  • Net Worth -24.83%
  • Total Assets 40.80%

About Virtspaces

Virtspaces Private Limited (VPL) is a Private Limited Indian Non-Government Company incorporated in India on 12 July 2016 (Eight years and six months 22 days old ). Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Information Technology 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 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Hemanth Velury and Abhijeet Naik serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999KA2016PTC094921

  • Company No.

    094921

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Jul 2016

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Information Technology

Who are the key members and board of directors at Virtspaces?

Board Members (2)

Name Designation Appointment Date Status
Hemanth Velury Country flag representing In Director 12-Jul-2016 Current
Abhijeet Naik Country flag representing In Director 12-Jul-2016 Current

Financial Performance of Virtspaces.

Virtspaces Private Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 341.42% decrease in profit. The company's net worth observed a substantial decline by a decrease of 24.83%.

Graph illustrating revenue growth over time
Graph showing 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
Revenue from Operations
Total Assets
40.80%
Profit or Loss
-341.42%
Net Worth
-24.83%
EBITDA
-1376.81%

What is the Ownership and Shareholding Structure of Virtspaces?

In 2020, Virtspaces had a promoter holding of 96.50% and a public holding of 3.50%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Virtspaces?

Unlock and access historical data on people associated with Virtspaces, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Virtspaces, 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 Virtspaces'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 Virtspaces

Recent activity within the organization

  • Annual General Meeting

    Virtspaces Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

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

    31 Mar 2024

  • Director Appointment

    Hemanth Ramarao Velury was appointed as a Director was appointed as a Director on 12 Jul 2016 & has been associated with this company since 8 years 6 months .

    12 Jul 2016

  • Director Appointment

    Abhijeet Naik was appointed as a Director was appointed as a Director on 12 Jul 2016 & has been associated with this company since 8 years 6 months .

    12 Jul 2016

  • Company Incorporation

    Virtspaces Private Limited was registered on 12 Jul 2016 with Roc Bangalore & aged 8 years 6 months as per MCA records.

    12 Jul 2016

Frequently asked questions

  • Virtspaces Private Limited was incorporated on 12 Jul 2016.

  • The authorized share capital of Virtspaces Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Virtspaces Private Limited.

    • Hemanth Ramarao Velury
    • Abhijeet Naik
  • As per Ministry of Corporate Affairs (Mca), the registered address of Virtspaces Private Limited is Plot 72 73 Epip Zone Good Work Coworks 3Rd Floor Akshay Tech Park, Whitefield India, Bangalore South, Karnataka, 560066.

  • The corporate identification number (CIN) of Virtspaces Private Limited is U74999KA2016PTC094921 and the company number is 094921 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Virtspaces Private Limited is https://www.virtualspaces.in

  • The financial reports for the fiscal year 2022 indicates that The net worth of Virtspaces Private Limited has experienced an downturn of -24.83%.

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

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