Veegrip Belts Profile
Key Indicators
- Authorised Capital ₹ 4.50 Cr
- Paid Up Capital ₹ 3.50 Cr
- Company Age 36 Year, 4 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 four 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
- Location
Madurai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U25199TN1988PTC016435
- Company No.
016435
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
09 Nov 1988
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Machinery and Equipment
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.
Veegrip Belts Private Limited
Explore comprehensive data for Veegrip Belts Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
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 | Director | 03-Oct-2014 | Current |
| Vishnuvardthini Panneerselvam | Director | 05-Sep-2018 | Current |
| Priyadharshini Panneerselvam | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
Dharshini Enterprises Private LimitedPanneerselvam Muniyandi and Shyamala Panneselvam are mutual person
- Preto Tech Private Limited
Vishnuvardthini Panneerselvam is a mutual person
- Ipon Nuovo Private Limited
Vishnuvardthini Panneerselvam and Priyadharshini Panneerselvam are mutual person
Charges (Loans)
Open Charges
₹18.35 Cr
Satisfied Charges
₹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
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 Veegrip Belts
Recent activity within the organization
- Annual General Meeting
Veegrip Belts Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Veegrip Belts Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Charges
A charge registered on 12 Oct 1995 via Charge ID 90283658 with Indian Bank was fully satisfied on 21 Dec 2020.
- Charges
A charge registered on 08 Dec 1989 via Charge ID 90282580 with Indian Bank was fully satisfied on 21 Dec 2020.
- Charges
A charge registered on 08 Dec 1989 via Charge ID 90283403 with Indian Bank was fully satisfied on 21 Dec 2020.
- Charges
A charge with Others of Rs. 18.35 Cr registered on 15 Feb 2019 with Charge ID 100252444 was modified on 22 Jul 2020.
Frequently asked questions
What is the Incorporation or founding date of Veegrip Belts Private Limited?
Veegrip Belts Private Limited was incorporated on 09 Nov 1988.
What is authorized share capital and paid-up capital of Veegrip Belts Private Limited?
The authorized share capital of Veegrip Belts Private Limited is ₹ 4.50 Cr and paid-up capital is ₹ 3.50 Cr.
Who are the current board members & directors of Veegrip Belts Private Limited?
Currently 4 directors are associated with Veegrip Belts Private Limited.
- Panneerselvam Muniyandi
- Shyamala Panneselvam
- Vishnuvardthini Panneerselvam
- Priyadharshini Panneerselvam
What is the registered address of Veegrip Belts Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Veegrip Belts Private Limited is 78/1B3 Thiruvalavaya Nallur, Nagari India, Vadipatti, Tamil Nadu, 625221.
What is the corporate identification number (CIN) and company number of Veegrip Belts Private Limited?
The corporate identification number (CIN) of Veegrip Belts Private Limited is U25199TN1988PTC016435 and the company number is 016435 as per Ministry of Corporate Affairs (MCA).
What is the official website of Veegrip Belts Private Limited?
The Official website of Veegrip Belts Private Limited is https://www.veegripbelts.com
What has been the recent revenue trend for Veegrip Belts Private Limited?
According to the financial reports for the fiscal year 2024, the revenue trend for Veegrip Belts Private Limited has risen by 31.92%.
How many employees does Veegrip Belts Private Limited currently have?
As Per 2024 financial reports, 78 employees are currently employed by Veegrip Belts Private Limited.
What change has been observed in the net worth of Veegrip Belts Private Limited, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Veegrip Belts Private Limited has experienced an upsurge of 3.31%.
What are the total open charges for Veegrip Belts Private Limited?
As per the financial statements for fiscal Year 2024, The total open charges for Veegrip Belts Private Limited amount to ₹ 18.35 Cr.
When was the last Balance Sheet of Veegrip Belts Private Limited filed with the ROC?
The most recent Balance Sheet for Veegrip Belts Private Limited was filed with the ROC on 31 Mar 2024.
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