Sri Vela Smelters Private Limited logo

Sri Vela Smelters Private Limited

Manufactures thermo-mechanically treated steel bars and angles, established in 2003 by Mr T M Murugesan.
2003 | Namakkal, Tamil Nadu (India) | Active

Last Updated:

December 11, 2024
HomeCompanySri Vela Smelters Private Limited

Who are the key members and board of directors at Sri Vela Smelters?

Executive Team (1)

NameDesignationAppointment DateStatus
Thiruchengode Murugesan InManaging Director26-Feb-2003Current

Board Members(3)

NameDesignationAppointment DateStatus
Varadharaju Naveenkumar In Whole-Time Director 01-Apr-2012Current
Lakshmanan Mohanraj In Whole-Time Director 01-Apr-2012Current
Ramasamy Dhanalakshmi In Director 26-Feb-2003Current

Financial Performance of Sri Vela Smelters.

Sri Vela Smelters Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 47.26% increase. The company also saw a slight improvement in profitability, with a 5.21% increase in profit. The company's net worth Soared by an impressive increase of 25.71%.

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  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
47.26%
Revenue from Operations
49.25%
Total Assets
3.65%
Profit or Loss
5.21%
Net Worth
25.71%
EBITDA
-21.08%

Charges (Loans)

Open Charges Satisfied Charges

₹77.24 Cr

₹88.96 Cr

LenderAmountStatus

Others

Creation Date: 08 May 2024
₹4.00 CrOpen

Others

Creation Date: 08 May 2024
₹22.00 CrOpen

Axis Bank Limited

Creation Date: 02 Jun 2023
₹51.24 CrOpen

How Many Employees Work at Sri Vela Smelters?

Sri Vela Smelters has a workforce of 40 employees as of Mar 30, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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Latest Updates, News, and FAQs on Sri Vela Smelters

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 4.00 Cr with Charge ID 100918397 was registered on 08 May 2024.

    08 May 2024

  • Charges

    A charge with Others amounted to Rs. 22.00 Cr with Charge ID 100918399 was registered on 08 May 2024.

    08 May 2024

  • Charges

    A charge with Axis Bank Limited of Rs. 51.24 Cr registered on 02 Jun 2023 with Charge ID 100733228 was modified on 14 Dec 2023.

    14 Dec 2023

  • Annual General Meeting

    Sri Vela Smelters Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 51.24 Cr with Charge ID 100733228 was registered on 02 Jun 2023.

    02 Jun 2023

  • Balance Sheet

    Sri Vela Smelters Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

    31 Mar 2023

Frequently asked questions

  • Sri Vela Smelters Private Limited was incorporated on 26 Feb 2003.

  • The authorized share capital of Sri Vela Smelters Private Limited is ₹ 26.00 Cr and paid-up capital is ₹ 25.01 Cr.

  • Currently 4 directors are associated with Sri Vela Smelters Private Limited.

    • Varadharaju Naveenkumar
    • Lakshmanan Mohanraj
    • Ramasamy Gounder Dhanalakshmi
    • Thiruchengode Marimuthu Murugesan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Sri Vela Smelters Private Limited is 76-D Valarai Gate Velur Road, Tiruchengode India, Namakkal District, Tamil Nadu, 637211.

  • The corporate identification number (CIN) of Sri Vela Smelters Private Limited is U27104TZ2003PTC010495 and the company number is 010495 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Sri Vela Smelters Private Limited is https://www.velasteels.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Sri Vela Smelters Private Limited has risen by 47.26%.

  • As Per 2022 financial reports, 40 employees are currently employed by Sri Vela Smelters Private Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Sri Vela Smelters Private Limited has experienced an upsurge of 25.71%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Sri Vela Smelters Private Limited amount to ₹ 77.24 Cr.

  • The most recent Balance Sheet for Sri Vela Smelters Private Limited was filed with the ROC on 31 Mar 2023.

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