Vedik Ispat Private Limited

Manufacturer of hot and cold-rolled sheets, billets, strips, flats, and steel tubes.

1992 | Bangaluru, Karnataka (India) | Active
Last Updated:

Vedik Ispat Profile

Key Indicators

  • Authorised Capital ₹ 24.50 Cr
  • Paid Up Capital ₹ 21.00 Cr
  • Company Age 32 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 175.65 Cr
  • Revenue Growth -39.70%
  • Profit Growth 53.87%
  • Ebitda 87.17%
  • Net Worth -97.47%
  • Total Assets -5.22%

About Vedik Ispat

Vedik Ispat Private Limited (VIPL) is a Private Limited Indian Non-Government Company incorporated in India on 06 August 1992 and has a history of 32 years and eight months. Its registered office is in Bangaluru, Karnataka, India.

The Corporate was formerly known as Gbk Holdings Pvt Ltd. The Company is engaged in the Metals And Minerals 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 24.50 Cr and a paid-up capital of Rs 21.00 Cr.

The company currently has active open charges totaling ₹175.65 Cr.

Sharad Bhutara and Narendrakumar Bhutara 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

    U27100KA1992PTC073298

  • Company No.

    073298

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    06 Aug 1992

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Metals and Minerals
Company report

Vedik Ispat Private Limited

Explore comprehensive data for Vedik Ispat Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Vedik Ispat?

Executive Team (1)

NameDesignationAppointment DateStatus
Sharad Bhutara Country flag representing In Managing Director18-Jul-2009Current

Board Members (1)

NameDesignationAppointment DateStatus
Narendrakumar Bhutara Country flag representing In Whole-Time Director 18-Jul-2009Current

Financial Performance of Vedik Ispat.

Vedik Ispat Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 39.7% decrease. The company also saw a substantial improvement in profitability, with a 53.87% increase in profit. The company's net worth observed a substantial decline by a decrease of 97.47%.

Vedik Ispat revenue growth over time
Vedik Ispat 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
-39.70%
Revenue from Operations
-30.49%
Total Assets
-5.22%
Profit or Loss
53.87%
Net Worth
-97.47%
EBITDA
87.17%

What is the Ownership and Shareholding Structure of Vedik Ispat?

In 2022, Vedik Ispat 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)

Open Charges

₹175.65 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 175.65 Cr

Latest Charge Details

DateLenderAmountStatus
19 Feb 2019Others₹10.00 CrOpen
28 Dec 2018Others₹45.00 CrOpen
22 Mar 2018Others₹12.28 CrOpen
29 Dec 2017Others₹22.18 CrOpen
16 Dec 2017Others₹18.00 CrOpen

How Many Employees Work at Vedik Ispat?

Vedik Ispat has a workforce of 2 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.

Employee growth trends for Vedik Ispat Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Vedik Ispat, 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 Vedik Ispat'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 Vedik Ispat

Recent activity within the organization

  • Annual General Meeting

    Vedik Ispat Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Vedik Ispat Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

  • Charges

    A charge with Others of Rs. 68.20 Cr registered on 07 Mar 2011 with Charge ID 10274887 was modified on 16 Oct 2023.

  • Charges

    A charge with Others of Rs. 10.00 Cr registered on 19 Feb 2019 with Charge ID 100254250 was modified on 30 Dec 2022.

  • Charges

    A charge with Others of Rs. 18.00 Cr registered on 16 Dec 2017 with Charge ID 100160671 was modified on 30 Dec 2022.

  • Charges

    A charge with Others of Rs. 12.28 Cr registered on 22 Mar 2018 with Charge ID 100186730 was modified on 30 Jul 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Vedik Ispat Private Limited?

    Vedik Ispat Private Limited was incorporated on 06 Aug 1992.

  • What is authorized share capital and paid-up capital of Vedik Ispat Private Limited?

    The authorized share capital of Vedik Ispat Private Limited is ₹ 24.50 Cr and paid-up capital is ₹ 21.00 Cr.

  • Who are the current board members & directors of Vedik Ispat Private Limited?

    Currently 2 directors are associated with Vedik Ispat Private Limited.

    • Sharad Bhutara
    • Narendrakumar Bhutara

  • What is the registered address of Vedik Ispat Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Vedik Ispat Private Limited is No 631 Sector C Ideal Homes Township R Nagar Kenchenahalli Halagehoderahalli, Kenger I Hobli India, Bangalore South Taluk, Karnataka, 560098.

  • What is the corporate identification number (CIN) and company number of Vedik Ispat Private Limited?

    The corporate identification number (CIN) of Vedik Ispat Private Limited is U27100KA1992PTC073298 and the company number is 073298 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Vedik Ispat Private Limited?

    The Official website of Vedik Ispat Private Limited is https://www.vedik.co.in

  • What has been the recent revenue trend for Vedik Ispat Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Vedik Ispat Private Limited has fallen by -39.70%.

  • How many employees does Vedik Ispat Private Limited currently have?

    As Per 2022 financial reports, 2 employees are currently employed by Vedik Ispat Private Limited.

  • What change has been observed in the net worth of Vedik Ispat Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Vedik Ispat Private Limited has experienced an downturn of -97.47%.

  • What are the total open charges for Vedik Ispat Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Vedik Ispat Private Limited amount to ₹ 175.65 Cr.

  • When was the last Balance Sheet of Vedik Ispat Private Limited filed with the ROC?

    The most recent Balance Sheet for Vedik Ispat Private Limited was filed with the ROC on 31 Mar 2024.

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