Vdeal System Ltd IPO

About Vdeal System Ltd

Vdeal System Limited was originally incorporated on December 10, 2009 in Bhubaneswar, Orissa, as a Private Limited Company in the name and style of Swastik Energy System Private Limited under the provisions of the Companies Act, 1956 vide Certificate of Incorporation bearing CIN: U31100OR2009PTC011396 issued by the Registrar of Companies, Cuttack, Later, the Company acquired the ongoing business of a partnership firm M/s. Vdeal System having principal place of business at Plot No. 358/3476, 357/3457, Jaydev Vihar, Bhubaneswar, Orissa vide Takeover Agreement dated April 01, 2017 where one of its Promoters Mr. Dhiraj Kochar was partner. Subsequently, the name of the Company changed from Swastik Energy System Private Limited to Vdeal System Private Limited vide Special Resolution passed by the shareholders in the Extra-Ordinary General Meeting of the Company held on April 04, 2017 and a fresh Certificate of Incorporation dated April 21, 2017 pursuant to change of name was issued by the Registrar of Companies, Cuttack. Further, the Company was converted into a Public Limited Company pursuant to Special Resolution passed by the Shareholders of the Company at the Extra-Ordinary General Meeting held on January 16, 2024, and consequently the name of the Company was changed from Vdeal System Private Limited to Vdeal System Limited and a fresh certificate of incorporation dated May 20, 2024 pursuant to conversion from Private Limited Company to Public Limited Company was issued by the Registrar of Companies, Central Processing Centre bearing CIN: U31100OR2009PLC011396.

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Vdeal System Limited is an ISO 9001:2015 certified company providing solutions in Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, and Smart Programmable Logic Controller (PLC) panels, Air insulated & Sandwich busducts backed by In-house Product design & development, manufacturing, system integration, servicing of automation solutions and smart electrical control panels that adhere to high international IEC standards of quality and safety. The Company has business relationships with global electrical players. Such strategic tie ups with renowned brand owners give it the competitive edge over its competitors.

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