Commerce Velocity (India) Private Limited

Provides support services for software development and programming in India.

2001 | Bangaluru, Karnataka (India) | Active
Last Updated:

Commerce Velocity (India) Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 24 Year, 26 Days
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 44.38%
  • Profit Growth -386.13%
  • Ebitda -8749.28%
  • Net Worth -6.98%
  • Total Assets -7.26%

About Commerce Velocity (India)

Commerce Velocity (India) Private Limited (CVIPL) is a Private Limited Indian Non-Government Company incorporated in India on 06 February 2001 and has a history of 24 years. Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Software Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.00 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Michael Giddings, Ollukaran George, and Timothy Roache serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U72200KA2001PTC083039

  • Company No.

    083039

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    06 Feb 2001

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Software

Who are the key members and board of directors at Commerce Velocity (India)?

Board Members (3)

NameDesignationAppointment DateStatus
Michael Giddings Country flag representing Us Director 15-Dec-2010Current
Ollukaran George Country flag representing In Director 29-Sep-2016Current
Timothy Roache Country flag representing Us Director 08-Dec-2021Current

Financial Performance of Commerce Velocity (India).

Commerce Velocity (India) Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 44.38% increase. The company also saw a substantial fall in profitability, with a 386.13% decrease in profit. The company's net worth dipped by a decrease of 6.98%.

Commerce Velocity (India) revenue growth over time
Commerce Velocity (India) 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
44.38%
Revenue from Operations
Total Assets
-7.26%
Profit or Loss
-386.13%
Net Worth
-6.98%
EBITDA
-8749.28%

What is the Ownership and Shareholding Structure of Commerce Velocity (India)?

In 2023, Commerce Velocity (India) had a promoter holding of 100.00%. 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 Commerce Velocity (India)?

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

Employee growth trends for Commerce Velocity (India) Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Commerce Velocity (India), 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 Commerce Velocity (India)'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 Commerce Velocity (India)

Recent activity within the organization

  • Annual General Meeting

    Commerce Velocity (India) Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Commerce Velocity (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

  • Director Appointment

    Timothy Jay Roache was appointed as a Director was appointed as a Director on 08 Dec 2021 & has been associated with this company since 3 years 2 months .

  • Director Appointment

    Ollukaran Inasu George was appointed as a Director was appointed as a Director on 29 Sep 2016 & has been associated with this company since 8 years 5 months .

  • Director Appointment

    Michael Andrew Giddings was appointed as a Director was appointed as a Director on 15 Dec 2010 & has been associated with this company since 14 years 2 months .

  • Company Incorporation

    Commerce Velocity (India) Private Limited was registered on 06 Feb 2001 with Roc Bangalore & aged 24 years 26 days as per MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Commerce Velocity (India) Private Limited?

    Commerce Velocity (India) Private Limited was incorporated on 06 Feb 2001.

  • What is authorized share capital and paid-up capital of Commerce Velocity (India) Private Limited?

    The authorized share capital of Commerce Velocity (India) Private Limited is ₹ 1.00 M and paid-up capital is ₹ 0.10 M.

  • Who are the current board members & directors of Commerce Velocity (India) Private Limited?

    Currently 3 directors are associated with Commerce Velocity (India) Private Limited.

    • Michael Andrew Giddings
    • Ollukaran Inasu George
    • Timothy Jay Roache

  • What is the registered address of Commerce Velocity (India) Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Commerce Velocity (India) Private Limited is 249 Guruprasada 15Th Main, 4Th T Block Jayanagar India, Bangalore, Karnataka, 560049.

  • What is the corporate identification number (CIN) and company number of Commerce Velocity (India) Private Limited?

    The corporate identification number (CIN) of Commerce Velocity (India) Private Limited is U72200KA2001PTC083039 and the company number is 083039 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Commerce Velocity (India) Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Commerce Velocity (India) Private Limited has risen by 44.38%.

  • What change has been observed in the net worth of Commerce Velocity (India) Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Commerce Velocity (India) Private Limited has experienced an downturn of -6.98%.

  • When was the last Balance Sheet of Commerce Velocity (India) Private Limited filed with the ROC?

    The most recent Balance Sheet for Commerce Velocity (India) Private Limited was filed with the ROC on 31 Mar 2023.

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