COMPANY INTELLIGENCE PROFILE
Vernost Tech Ventures Private Limited
B2B technology company delivering loyalty, travel commerce and digital payments platforms (ClubClass, VeTravel, VePay).
Vernost Tech Ventures Private Limited, formerly Vernost Marketing Services Private Limited, is a B2B technology company offering loyalty, travel commerce, and digital payments solutions through platforms like ClubClass, VeTravel, and VePay. It operates in the information and communication sector, serving over 100 million customers across 10+ countries. The company had operating revenue of ₹409.08 Cr for FY2024-25, with a significant decrease year-over-year. It remains bootstrapped, with no external equity funding.
AI-generated, may contain errors.
Business Overview
- Vernost is a B2B technology company providing next-generation loyalty, travel commerce and digital payments solutions.
- Core products: ClubClass Loyalty Suite, customer loyalty/rewards, VeTravel, travel technology platform for tourism/hospitality, and VePay, payments platform for banks and enterprises, with practices spanning AI, analytics, cloud, blockchain and commerce.
- Says it serves 100M+ customers across 10+ countries.
- The name derives from the Czech word for "fidelity".
- Named clients/brands referenced on its site and in coverage include Axis Bank, Tata NEU, SBI Card, InterMiles, GEMS Education, Emaar, IndiGo and EaseMyTrip, client relationships per company marketing; not independently audited.
- Source: vernost.com, WebSearch.
Sector & Classification
Business is B2B technology (loyalty, travel commerce, digital payments, customer engagement). Registry classifications conflict: TheCompanyCheck lists NIC group J8 "Other information & communication service activities" (Information & Communication); another MCA-derived source lists legacy activity "accounting, book-keeping and auditing activities; tax consultancy". Reported as conflict.
Directors & Key Management
Directors — source notes
Vikas Mankhand — DIN 06556254 (director, ~13 yr tenure, appointed 19 Apr 2013) [Tofler]; Darshana Shantaram Jagtap — DIN 03318498 (director/shareholder, appointed 30 Oct 2012) [Tofler]; Pankaj Santoshkumar Tripathi — DIN 02963864 (director/shareholder, appointed 01 Apr 2023) [Tofler]; Khalid Reza Abdus Salam — Whole-Time Director, appointed 17 Jun 2025, DIN not obtained [TheCompanyCheck]. DINs sourced from Tofler; the three DINs are single-source (partial). Khalid Reza's DIN not obtained.
GST Registrations
Primary GSTIN: 27AAECV2683H1Z2 — Maharashtra (state code 27), status ACTIVE, registration type REGULAR (Pice/gst.jamku sources). Home state: Maharashtra. PAN: AAECV2683H. Number of registrations: not obtained (only the Maharashtra GSTIN identified).
Financials
Vernost Tech Ventures reported a significant revenue decline of ~35% for FY2024-25, with operating revenue at ₹409.08 Cr. In FY2023-24, revenue exceeded ₹500 Cr. The company experienced large YoY swings in EBITDA and net worth. Employee base was approximately 159 in March 2024.
AI-generated, may contain errors.
- Standalone figures (MCA filings).
- FY2024-25, year ended 31 Mar 2025: Operating revenue ₹409.08 Cr, reported down ~35% YoY [Tofler, TheCompanyCheck].
- FY2023-24, year ended 31 Mar 2024: revenue "Over ₹500 Cr", range, per Tofler/Tracxn.
- EBITDA, PAT/net profit, and net worth: not obtained (behind paywall)
- Tofler noted large YoY swings, EBITDA +3,567% and net worth +562% in FY24-25 commentary, but absolute figures not obtained. Employee base ~159 (as of Mar 2024) [TheCompanyCheck]. Standalone
- No consolidated statements identified.
Funding History
- No external equity funding identified; Tracxn indicates the company "has not raised any funding" (bootstrapped). Source: Tracxn/WebSearch.
Loans & Charges
- Open (secured) charge of ₹75 Cr registered 12 Oct 2023, lender listed generically as "Others", [TheCompanyCheck]. Satisfied charges include Axis Bank ₹3.1 Cr, satisfied 18 Nov 2024, and ₹1.1 Cr, satisfied 27 Dec 2018
- ~₹4.2 Cr total satisfied. Single-source (partial).
Competitive Landscape
- Loyalty / travel-tech / payments B2B peers: Capillary Technologies, large, VC-backed loyalty SaaS
- Comviva / Mahindra Comviva, large, telecom & payments
- Giift / Xoxoday-Giift, mid-large, loyalty & rewards
- Loylty Rewardz Mngt, mid, bank loyalty programs
- PAYBACK India, mid, multi-brand loyalty
- Annex Cloud, mid, loyalty SaaS. Scale tags approximate.
Frequently Asked Questions
What does Vernost Tech Ventures Private Limited do?
Vernost Tech Ventures Private Limited is a B2B technology company providing loyalty, travel commerce, and digital payments solutions, including platforms like ClubClass, VeTravel, and VePay.
What is the CIN of Vernost Tech Ventures Private Limited?
The CIN of Vernost Tech Ventures Private Limited is U74120MH2012PTC237314.
What is the GSTIN of Vernost Tech Ventures Private Limited?
The primary GSTIN of Vernost Tech Ventures Private Limited is 27AAECV2683H1Z2, registered in Maharashtra with a status of ACTIVE and registration type REGULAR.
When was Vernost Tech Ventures Private Limited incorporated?
Vernost Tech Ventures Private Limited was incorporated in 2012.
What is the registered office address of Vernost Tech Ventures Private Limited?
The registered office of Vernost Tech Ventures Private Limited is located at Unit No. 201-3, 2nd Floor, Pankaj Building, Behind Chandivali Ice Factory, Chandivali, Andheri East, Mumbai City, Mumbai, Maharashtra 400072.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.