Ve Commercial Vehicles Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 10.00 Cr
- Company Age 16 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 905.00 Cr
- Satisfied Charges ₹ 524.01 Cr
- Revenue Growth 49.50%
- Profit Growth 437.30%
- Ebitda 92.34%
- Net Worth 13.74%
- Total Assets 27.22%
About Ve Commercial Vehicles
Ve Commercial Vehicles Limited (VCVL) is a leading Public Limited Indian Non-Government Company incorporated in India on 07 March 2008 and has a history of 16 years and 11 months. Its registered office is in Delhi, India.
The Corporate was formerly known as Eicher Motors India Limited. The Company is engaged in the Automotive 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 10.00 Cr and a paid-up capital of Rs 10.00 Cr.
The company currently has active open charges totaling ₹905.00 Cr. The company has closed loans amounting to ₹524.01 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Ve Commercial Vehicles Limited India are Vinod Aggarwal as Ceo, Praveen Jain as Company Secretary, and Ken Trolle as Cfo. Siddhartha Lal, Vinod Aggarwal, Lila Poonawalla, and Five other members serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74900DL2008PLC175032
- Company No.
175032
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
07 Mar 2008
- Date of AGM
10 Jun 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
What products or services does Ve Commercial Vehicles Limited offer?
Ve Commercial Vehicles Limited offers a wide range of products and services, including Commercial Vehicles & Three Wheelers, Tank Trucks, Medium & Heavy Commercial Vehicles, Bus, Trucks, Graphic Design & Animation Services, Designing Services, Intercity Bus, School Bus, Eicher School Bus.
Who are the key members and board of directors at Ve Commercial Vehicles?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vinod Aggarwal  | Managing Director | 07-Mar-2008 | Current |
| Praveen Jain | Company Secretary | 29-Apr-2011 | Current |
Ken Trolle  | CFO | 01-May-2022 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Siddhartha Lal | Director | 07-Mar-2008 | Current |
| Raul Rai | Director | 26-May-2008 | Current |
| Lila Poonawalla | Director | 30-Mar-2015 | Current |
Joachim Rosenberg  | Director | 03-Oct-2012 | Current |
| Sofia Frandberg | Director | 09-May-2023 | Current |
| Inder Singh | Director | 09-May-2019 | Current |
Financial Performance of Ve Commercial Vehicles.
Ve Commercial Vehicles Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 49.5% increase. The company also saw a substantial improvement in profitability, with a 437.3% increase in profit. The company's net worth Soared by an impressive increase of 13.74%.
- Key Matrics
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- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Ve Commercial Vehicles?
In 2023, Ve Commercial Vehicles had a promoter holding of 100.00%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Volvo Group India Private LimitedJoachim Rosenberg and Sofia Frandberg are mutual person
Eicher Motors LimitedSiddhartha Lal, Vinod Aggarwal and 1 more are mutual person
Eicher Goodearth Private Limited.Siddhartha Lal is a mutual person
- Eicher Goodearth India Private Limited
Siddhartha Lal is a mutual person
Nicobar Design Private LimitedRaul Rai is a mutual person
- Nicobar Design Studio Private Limited
Raul Rai is a mutual person
Charges (Loans)
₹905.00 Cr
₹524.01 Cr
Charges Breakdown by Lending Institutions
- Others : 495.00 Cr
- State Bank Of India : 300.00 Cr
- Hdfc Bank Limited : 70.00 Cr
- Standard Chartered Bank : 40.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Aug 2024 | Others | ₹275.00 Cr | Open |
| 31 May 2023 | Others | ₹40.00 Cr | Open |
| 03 Mar 2021 | Hdfc Bank Limited | ₹20.00 Cr | Open |
| 23 Apr 2020 | State Bank Of India | ₹300.00 Cr | Open |
| 09 Apr 2011 | Hdfc Bank Limited | ₹50.00 Cr | Open |
How Many Employees Work at Ve Commercial Vehicles?
Ve Commercial Vehicles has a workforce of 5707 employees as of Apr 06, 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 Ve Commercial Vehicles, 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 Ve Commercial Vehicles'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.
