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Virs Educational and Training Foundation (VETF)
Vocational Training
Estd: 2001
Used for Beneficiaries: 91%
Address : Plot No. 989, Road No. 50, Jubilee Hills, Hyderabad 500033. Telangana
Email :
Web-site : N. A.
Telephone : +91 40 23096753
Donor Contact : Mr. Ashok Kumar Vir / +91 9849010140 /
Financial Score
Rs, Y/E March 31
Income & Expenditure Statement201320142015
Income From
Government Sources000
Institutional Sources000
Foreign Sources000
Other Income000
Total Income (A)3,032,6225,017,4539,430,739
Expenses For
Direct Programme Activities1,877,8532,805,9222,528,876
Programme Staff Cost588,2661,321,6851,530,106
Travel Expenses57,989148,76976,641
Direct Programme Expenses2,524,1084,276,3764,135,623
Fund Raising Expenses000
General Staff Cost000
Overhead Expenses188,067410,064152,172
Other Expenses/Transfer000
Total Expenditure (B)2,961,6574,941,1224,524,455
Surplus / (Deficit) (A-B)70,96576,3314,906,284
Balance Sheet201320142015
Fixed Assets24,743,96477,080,70776,852,047
Current Assets (excl. Cash)1,054,461853,2191,399,394
Cash/Bank 10,312,61110,346,19711,200,636
Accumulated Deficits000
Total Assets36,291,03698,475,123109,668,397
Corpus / Share Capital31,173,00042,708,00048,429,001
General Funds2,848,6542,924,9857,831,269
Earmarked Funds052,452,50052,452,500
Current Liabilities2,269,382389,638955,627
Total Liabilities36,291,03698,475,123109,668,397
Other Details201320142015
Direct Beneficiaries (Nos)24N.A.N.A.
Indirect Beneficiaries (Nos)N.A.N.A.N.A.
Cost Per Direct Beneficiary (Rs) - Avg. 113,007N.A.N.A.
Number of Staff7N.A.N.A.
Highest Salary (Rs p.a.)237,800N.A.N.A.
Lowest Salary (Rs p.a.)60,000N.A.N.A.
Regd. under : The Indian Trust Act, 1882
Auditor : Kapasi Bangad & Co.
Bankers : HDFC Bank Ltd.

Donor tax benefits : 80G 50%
Eligible for foreign donations : No

Trustees/Directors/Managing Committee:
Mr. Ashok Kumar Vir, Managing Trustee
Ms. Sudha Vir, Trustee
Mr. Gautam Vir, Trustee
Ms. Madhavi Vir, Trustee
Ms. Aarti Vir, Trustee

Source : Audit Report 2015

Financial Note : 1) Sales/Fees are from Students training receipts and training material sold to students. 2) Electricity charges and Institute maintenance have been included in Direct Programme Expenses. 3) Professional charges included in Programme Staff Cost. 4) In FY14, Land Revaluation Reserve has been created and taken under Earmarked Funds.

NGO Profile :
VIRS Educational and Training Foundation (VETF) was founded in 2001 in Hyderabad. VETF imparts practical training to the youth to enable them to build careers as Machinists, Tool Makers, CNC operators, Designers & Production Supervisors. The training is based on 'Swiss' / 'German' training modules Hyderabad.

The organisation’s vision is to impart technical training to facilitate holistic development of youth. VETF offers standard courses (1 Year at campus + 2 yrs apprenticeship at industries) and short term courses (3-6 months) in Plumbing, Carpentry, Welding, and Electrical & Processing Plastics.

Eligibility for the standard courses is 10th class pass certificate and for short term courses the applicants should have completed education up to 7th standard.

In addition to technical training, the curriculum includes:

(i) English classes so that trainees can communicate, understand and read training material

(ii) Extracurricular activities like cooking, yoga and sports

(iii) A protocol on 'cleanliness' of 'work places' & 'hostel'

VETF trainees are most suited to roles in machine shops for auto parts, machine tools, general engineering, process industries or maintenance.

The organisation plans to replicate its model through franchise training centres.