Veegrip Belts Profile
Key Indicators
- Authorised Capital ₹ 4.50 Cr
- Paid Up Capital ₹ 3.50 Cr
- Company Age 36 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 18.35 Cr
- Satisfied Charges ₹ 9.49 Cr
- Revenue Growth 31.92%
- Profit Growth 104.36%
- Ebitda 84.07%
- Net Worth 3.31%
- Total Assets -5.15%
About Veegrip Belts
Veegrip Belts Private Limited (VBPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 09 November 1988 and has a history of 36 years and two months. Its registered office is in Madurai, Tamil Nadu, India.
The Corporate was formerly known as Foam Vishnu Rubber Private Limited. The Company is engaged in the Machinery And Equipment 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 4.50 Cr and a paid-up capital of Rs 3.50 Cr.
The company currently has active open charges totaling ₹18.35 Cr. The company has closed loans amounting to ₹9.49 Cr, as per Ministry of Corporate Affairs (MCA) records.
Panneerselvam Muniyandi, Shyamala Panneselvam, Vishnuvardthini Panneerselvam, and One other member serve as directors at the Company.
Company Details
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Location
Madurai, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U25199TN1988PTC016435
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Company No.
016435
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
09 Nov 1988
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Chennai
Industry
What products or services does Veegrip Belts Private Limited offer?
Veegrip Belts Private Limited offers a wide range of products and services, including Industrial Belts & V Belts, V Belts, Timing Belts, Automobile Fittings & Components, Automotive Spare Parts, Conveyor Systems & Components, Conveyor Belt.
Who are the key members and board of directors at Veegrip Belts?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Panneerselvam Muniyandi
|
Managing Director | 15-Jul-2002 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Shyamala Panneselvam
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Director | 03-Oct-2014 | Current |
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Vishnuvardthini Panneerselvam
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Director | 05-Sep-2018 | Current |
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Priyadharshini Panneerselvam
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Director | 05-Sep-2018 | Current |
Financial Performance of Veegrip Belts.
Veegrip Belts Private Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 31.92% increase. The company also saw a substantial improvement in profitability, with a 104.36% increase in profit. The company's net worth moved up by a moderate rise of 3.31%.
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What is the Ownership and Shareholding Structure of Veegrip Belts?
Unlock access to Veegrip Belts's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
Related Corporates (Common Directorship)
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Dharshini Enterprises Private LimitedPanneerselvam Muniyandi and Shyamala Panneselvam are mutual person
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Preto Tech Private Limited
Vishnuvardthini Panneerselvam is a mutual person
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Ipon Nuovo Private Limited
Vishnuvardthini Panneerselvam and Priyadharshini Panneerselvam are mutual person
Charges (Loans)
₹18.35 Cr
₹9.49 Cr
Charges Breakdown by Lending Institutions
- Others : 18.35 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Feb 2019 | Others | ₹18.35 Cr | Open |
| 30 Jan 2015 | Idbi Bank Limited | ₹4.73 Cr | Satisfied |
| 29 May 2010 | State Bank Of India | ₹2.60 Cr | Satisfied |
| 09 Jul 2003 | Tamiland Mercantile Bank Ltd. | ₹1.50 M | Satisfied |
| 12 Oct 1995 | Indian Bank | ₹1.06 Cr | Satisfied |
How Many Employees Work at Veegrip Belts?
Veegrip Belts has a workforce of 78 employees as of Jan 24, 2025. 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 Veegrip Belts, 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 Veegrip Belts's trajectory.
Rating
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Alerts
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