Veeda Clinical Research Profile
Key Indicators
- Authorised Capital ₹ 36.44 Cr
- Paid Up Capital ₹ 12.60 Cr
- Company Age 20 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 25.00 Cr
- Satisfied Charges ₹ 61.26 Cr
- Revenue Growth 33.81%
- Profit Growth 41.57%
- Ebitda 32.46%
- Net Worth 10.01%
- Total Assets 10.69%
About Veeda Clinical Research
Veeda Clinical Research Limited (VCRL) is a leading Public Limited Indian Non-Government Company incorporated in India on 23 April 2004 and has a history of 20 years and ten months. Its registered office is in Ahmedabad, Gujarat, India.
The Corporate was formerly known as Clinisearch Labs Private Limited. The Company is engaged in the Pharma 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 36.44 Cr and a paid-up capital of Rs 12.60 Cr.
The company currently has active open charges totaling ₹25.00 Cr. The company has closed loans amounting to ₹61.26 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Veeda Clinical Research Limited India are Nirmal Bhatia as Company Secretary, Ajay Tandon as Ceo, and Mahesh Bhalgat as Ceo. Nitin Deshmukh, Binoy Gardi, Kiran Marthak, and Nine other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U73100GJ2004PLC044023
- Company No.
044023
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
23 Apr 2004
- Date of AGM
20 Oct 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Pharma
What products or services does Veeda Clinical Research Limited offer?
Veeda Clinical Research Limited offers a wide range of products and services, including Material Testing Labs & Services, Testing Services.
Who are the key members and board of directors at Veeda Clinical Research?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mahesh Bhalgat  | Managing Director | 19-Jun-2024 | Current |
Nirmal Bhatia  | Company Secretary | 26-Oct-2018 | Current |
| Ajay Tandon | CEO | 27-May-2024 | Current |
Board Members (11)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rakesh Bhartia | Director | 01-Jul-2021 | Current |
| Nitin Deshmukh | Director | 01-Jul-2021 | Current |
| Jeanne Hecht | Director | 01-Jul-2021 | Current |
| Chirag Sachdev | Nominee Director | 25-May-2024 | Current |
Binoy Gardi  | Whole-Time Director | 16-May-2024 | Current |
| Kiran Marthak | Director | 06-Aug-2005 | Current |
Financial Performance of Veeda Clinical Research.
Veeda Clinical Research Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 33.81% increase. The company also saw a substantial improvement in profitability, with a 41.57% increase in profit. The company's net worth Soared by an impressive increase of 10.01%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Veeda Clinical Research?
In 2023, Veeda Clinical Research had a promoter holding of 42.07% and a public holding of 57.93%. The company had 2 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Samta Mines And Minerals LimitedNitin Deshmukh is a mutual person
Jiwa Foods Private LimitedApurva Shah is a mutual person
Aravali Securities And Finance LimitedRakesh Bhartia is a mutual person
Advy Chemical Private LimitedNitin Deshmukh is a mutual person
Zetts Cosmetics Private LimitedApurva Shah is a mutual person
Monepeak Fintech Private LimitedTanushree Agarwal is a mutual person
Charges (Loans)
Open Charges
₹25.00 Cr
Satisfied Charges
₹61.26 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 20.00 Cr
- Others : 5.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Dec 2022 | Others | ₹5.00 Cr | Open |
| 28 Mar 2018 | Axis Bank Limited | ₹20.00 Cr | Open |
| 29 Aug 2017 | Others | ₹2.67 Cr | Satisfied |
| 22 Dec 2016 | Tata Capital Financial Services Limited | ₹10.00 Cr | Satisfied |
| 24 Nov 2015 | Tata Capital Financial Services Limited | ₹5.00 Cr | Satisfied |
How Many Employees Work at Veeda Clinical Research?
Veeda Clinical Research has a workforce of 902 employees as of Nov 04, 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 Veeda Clinical Research, 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 Veeda Clinical Research'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.
Latest Updates, News, and FAQs on Veeda Clinical Research
Recent activity within the organization
- Director Appointment
Ioannis Orfanidis was appointed as a Nominee Director was appointed as a Nominee Director on 12 Aug 2024 & has been associated with this company since 6 months 30 days .
- Director Appointment
Mahesh Kumar Kantilal Bhalgat was appointed as a Managing Director was appointed as a Managing Director on 19 Jun 2024 & has been associated with this company since 8 months 22 days .
- Director Appointment
Tanushree Akshay Agarwal was appointed as a Nominee Director was appointed as a Nominee Director on 03 Jun 2024 & has been associated with this company since 9 months 8 days .
- Director Appointment
Ajay Tandon was appointed as a Ceo was appointed as a Ceo on 27 May 2024 & has been associated with this company since 9 months 15 days .
- Director Appointment
Chirag Mahesh Sachdev was appointed as a Nominee Director was appointed as a Nominee Director on 25 May 2024 & has been associated with this company since 9 months 17 days .
- Annual General Meeting
Veeda Clinical Research Limited last Annual general meeting of members was held on 20 Oct 2023 as per latest MCA records.
Recent News, Updates & Announcement
Veeda CRO: The Proven Leader in Drug Development #SuccessUnstoppable.Veeda CRO be like: We're the real deal when it comes to drug development. #ProvenSuccess #CantStopWontStop.
- Veeda Clinical Research Achieves ISO 27001:2013 Certification Validating the Quality of its Information Security Management System.
/PRNewswire/ -- Veeda Clinical Research Pvt. Ltd., India's leading independent CRO, is pleased to announce that Bureau Veritas has awarded the ISO 27001:2013....
- "Veeda CRP: Dominating Clinical Research with Shivalik and Ahmedabad Locations on Fire 🔥 #CROgoals #BioanalyticalBosses".
"Veeda CRP: We're killing it in clinical research! Our Shivalik and Ahmedabad locations are on fire 🔥 #CROgoals #BioanalyticalBosses".
- CX Partners Acquires Equity Stake in Veeda Clinical Research.
/PRNewswire/ -- A consortium of growth oriented private equity investors led by CX Partners Fund 2 Limited have acquired a significant equity ownership in....
- Veeda Clinical Research Successfully Completed its 5th WHO Audit.
/PRNewswire/ -- Veeda Clinical Research Pvt. Ltd., a leading independent CRO is proud to announce that our Shivalik, Insignia and Vedant (except bio....
Frequently asked questions
What is the Incorporation or founding date of Veeda Clinical Research Limited?
Veeda Clinical Research Limited was incorporated on 23 Apr 2004.
What is authorized share capital and paid-up capital of Veeda Clinical Research Limited?
The authorized share capital of Veeda Clinical Research Limited is ₹ 36.44 Cr and paid-up capital is ₹ 12.60 Cr.
Who are the current board members & directors of Veeda Clinical Research Limited?
Currently 15 directors are associated with Veeda Clinical Research Limited.
- Nitin Jagannath Deshmukh
- Binoy Hasmukh Gardi
- Kiran Vithaldas Marthak
- Apurva Bhupendra Shah
- Vivek Chhachhi
- Rakesh Bhartia
- Shankarappa Nagaraja Vinaya Babu
- Tanushree Akshay Agarwal
- Mahesh Kumar Kantilal Bhalgat
- Chirag Mahesh Sachdev
- Jeanne Taylor Hecht
- Ioannis Orfanidis
- Nirmal Atmaram Bhatia
- Ajay Tandon
- Mahesh Kumar Kantilal Bhalgat
What is the registered address of Veeda Clinical Research Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Veeda Clinical Research Limited is Shivalik Plaza-A-, 2Nd Floor Opp Management Association Amb Awadi India, Ahmedabad, Gujarat, 380015.
What is the corporate identification number (CIN) and company number of Veeda Clinical Research Limited?
The corporate identification number (CIN) of Veeda Clinical Research Limited is U73100GJ2004PLC044023 and the company number is 044023 as per Ministry of Corporate Affairs (MCA).
What is the official website of Veeda Clinical Research Limited?
The Official website of Veeda Clinical Research Limited is https://www.veedacr.com
What has been the recent revenue trend for Veeda Clinical Research Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Veeda Clinical Research Limited has risen by 33.81%.
How many employees does Veeda Clinical Research Limited currently have?
As Per 2023 financial reports, 902 employees are currently employed by Veeda Clinical Research Limited.
What change has been observed in the net worth of Veeda Clinical Research Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Veeda Clinical Research Limited has experienced an upsurge of 10.01%.
What are the total open charges for Veeda Clinical Research Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Veeda Clinical Research Limited amount to ₹ 25.00 Cr.
When was the last Balance Sheet of Veeda Clinical Research Limited filed with the ROC?
The most recent Balance Sheet for Veeda Clinical Research Limited was filed with the ROC on 31 Mar 2023.
People also Viewed
Ajay TandonManaging Director
Saurabh MehtaNominee Director
Manu SahniNominee Director
Homer PaneriNominee Director
Aparajita AhujaNominee DirectorSS
Snehal ShahDirectorMC
Maurice CrossWhole-Time DirectorSG
Sujata GardiDirector