Veedol Corporation Profile
Key Indicators
- Authorised Capital ₹ 20.00 Cr
- Paid Up Capital ₹ 3.48 Cr
- Company Age 103 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 99.00 Cr
- Satisfied Charges ₹ 130.50 Cr
- Revenue Growth 18.16%
- Profit Growth -20.36%
- Ebitda -20.64%
- Net Worth 1.85%
- Total Assets 4.12%
About Veedol Corporation
Veedol Corporation Limited (VCL) was founded in India on 26 October 1921 and has a glorious history of 103 years and three months. Its registered office is in Kolkata, West Bengal, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 590005 and on the National Stock Exchange(NSE) under TIDEWATER.
The Corporate was formerly known as Castern Oil Products Limited. The Company is engaged in the Chemicals And Materials Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 20.00 Cr and a paid-up capital of Rs 3.48 Cr.
The company currently has active open charges totaling ₹99.00 Cr. The company has closed loans amounting to ₹130.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Veedol Corporation Limited India are Rashmi Joshi as CFO and Saptarshi Ganguly as Company Secretary. Praveen Kadle, Bharathi Sihag, Vinod Vyas, and Seven other members serve as directors at the Company.
Company Details
- Location
Kolkata, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
What products or services does Veedol Corporation Limited offer?
Veedol Corporation Limited offers a wide range of products and services, including Oils, Grease & Lubricants, Metalworking Lubricants, Hydraulic Oils, Front Fork Oil, Engine Oil, Veedol Diesel Engine Oil, Synthetic Engine Oil, Grease, Veedol Grease, Gear Oil.
Who are the key members and board of directors at Veedol Corporation?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Arijit Basu  | Managing Director | 01-Mar-2023 | Current |
| Rashmi Joshi | CFO | Current | |
| Saptarshi Ganguly | Company Secretary | 07-Feb-2012 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Praveen Kadle | Director | 14-Mar-2016 | Current |
| Bharathi Sihag | Director | 07-Apr-2021 | Current |
| Vinod Vyas | Director | 14-Mar-2016 | Current |
| Durgesh Chandavarkar | Director | 30-May-2017 | Current |
| Subir Das | Director | 17-Sep-2007 | Current |
| Partha Bhattacharyya | Director | 13-Nov-2017 | Current |
Financial Performance of Veedol Corporation.
Tide Water Oil Co India Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 18.16% increase. The company also saw a substantial fall in profitability, with a 20.36% decrease in profit. The company's net worth moved up by a moderate rise of 1.85%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Veedol Corporation?
In 2023, Veedol Corporation had a promoter holding of 57.28% and a public holding of 42.71%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Charges (Loans)
₹99.00 Cr
₹130.50 Cr
Charges Breakdown by Lending Institutions
- Citibank N.A : 45.00 Cr
- Standard Chartered Bank : 20.00 Cr
- Hdfc Bank Limited : 15.00 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 15.00 Cr
- Others : 4.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Apr 2024 | Standard Chartered Bank | ₹20.00 Cr | Open |
| 21 May 2013 | The Hongkong And Shanghai Banking Corporation Limited | ₹15.00 Cr | Open |
| 05 Mar 2008 | Hdfc Bank Limited | ₹15.00 Cr | Open |
| 10 Aug 2005 | Citibank N.A | ₹45.00 Cr | Open |
| 07 Mar 2000 | Others | ₹4.00 Cr | Open |
How Many Employees Work at Veedol Corporation?
Veedol Corporation has a workforce of 500 employees as of Mar 28, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Veedol Corporation, 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 Veedol Corporation's trajectory.
Rating
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
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.
