Vees Properties Limited

Constructs buildings and apartments in Chennai, Tamil Nadu since 1974.

1974 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Vees Properties Profile

Key Indicators

  • Authorised Capital ₹ 50.00 Cr
  • Paid Up Capital ₹ 31.73 Cr
  • Company Age 50 Year, 3 Months
  • Last Filing with ROC 31 Mar 2022
  • Open Charges ₹ 44.70 Cr
  • Satisfied Charges ₹ 300.52 Cr
  • Revenue Growth 1211.85%
  • Profit Growth -75.99%
  • Ebitda 8473.60%
  • Net Worth 0.01%
  • Total Assets -10.23%

About Vees Properties

Vees Properties Limited (VPL) is a leading Public Limited Indian Non-Government Company incorporated in India on 30 November 1974 and has a history of 50 years and three months. Its registered office is in Chennai, Tamil Nadu, India.

The Corporate was formerly known as Kgeyes Estates Limited. The Company is engaged in the Real Estate And Construction Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2022. It's a company limited by shares with an authorized capital of Rs 50.00 Cr and a paid-up capital of Rs 31.73 Cr.

The company currently has active open charges totaling ₹44.70 Cr. The company has closed loans amounting to ₹300.52 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Vees Properties Limited India is Balan Anandhi as CFO. Gigi George, Balan Anandhi, Meenakshi Pillai, and Four other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U31909TN1974PLC006798

  • Company No.

    006798

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    30 Nov 1974

  • Date of AGM

    30 Sep 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Real Estate and Construction
Company report

Vees Properties Limited

Explore comprehensive data for Vees Properties Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Vees Properties?

Executive Team (1)

NameDesignationAppointment DateStatus
Balan Anandhi Country flag representing In CFO11-Aug-2018Current

Board Members (7)

NameDesignationAppointment DateStatus
Gigi George Country flag representing In Whole-Time Director 01-Mar-2007Current
Balan Anandhi Country flag representing In Whole-Time Director and Cfo 11-Aug-2018Current
Meenakshi Pillai Country flag representing In Director 11-Aug-2018Current
Shrinivasan Krishnan Country flag representing In Director 11-Aug-2018Current
Arumugam Srinivasan Country flag representing In Director 11-Aug-2018Current
Veerabahu Subramanian Country flag representing In Whole-Time Director 02-Jul-2019Current

Financial Performance of Vees Properties.

Vees Properties Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 1211.85% increase. The company also saw a substantial fall in profitability, with a 75.99% decrease in profit. The company's net worth moved up by a moderate rise of 0.01%.

Vees Properties revenue growth over time
Vees Properties 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
1211.85%
Revenue from Operations
1211.85%
Total Assets
-10.23%
Profit or Loss
-75.99%
Net Worth
0.01%
EBITDA
8473.60%

What is the Ownership and Shareholding Structure of Vees Properties?

In 2022, Vees Properties had a promoter holding of 89.31% and a public holding of 10.69%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹44.70 Cr

Satisfied Charges

₹300.52 Cr

Charges Breakdown by Lending Institutions

  • Reliance Home Finance Limited : 17.75 Cr
  • Others : 15.00 Cr
  • Housing Development Finance Corporation Limited : 11.95 Cr

Latest Charge Details

DateLenderAmountStatus
28 Sep 2017Others₹15.00 CrOpen
25 Mar 2015Reliance Home Finance Limited₹17.75 CrOpen
05 Mar 2012Housing Development Finance Corporation Limited₹11.95 CrOpen
30 Oct 2014Reliance Capital Ltd₹17.79 CrSatisfied
07 Mar 2013Icici Bank Limited₹95.00 CrSatisfied

How Many Employees Work at Vees Properties?

Unlock and access historical data on people associated with Vees Properties, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Vees Properties Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Vees Properties, 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 Vees Properties'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 Vees Properties

Recent activity within the organization

  • Annual General Meeting

    Vees Properties Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.

  • Charges

    A charge registered on 04 Dec 2012 via Charge ID 10389788 with Icici Bank Limited was fully satisfied on 08 Jul 2022.

  • Balance Sheet

    Vees Properties Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Chennai.

  • Charges

    A charge registered on 02 Jan 2013 via Charge ID 10401081 with Canara Bank was fully satisfied on 29 Mar 2022.

  • Charges

    A charge registered on 07 Mar 2013 via Charge ID 10410034 with Icici Bank Limited was fully satisfied on 29 Sep 2020.

  • Director Appointment

    Veerabahu Subramanian was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 02 Jul 2019 & has been associated with this company since 5 years 8 months .

Frequently asked questions

  • What is the Incorporation or founding date of Vees Properties Limited?

    Vees Properties Limited was incorporated on 30 Nov 1974.

  • What is authorized share capital and paid-up capital of Vees Properties Limited?

    The authorized share capital of Vees Properties Limited is ₹ 50.00 Cr and paid-up capital is ₹ 31.73 Cr.

  • Who are the current board members & directors of Vees Properties Limited?

    Currently 8 directors are associated with Vees Properties Limited.

    • Gigi George
    • Balan Anandhi
    • Meenakshi Sundaram Sankaram Pillai
    • Shrinivasan Venkatachalam Krishnan
    • Arumugam Srinivasan
    • Veerabahu Subramanian
    • Pitchaiah Pitchaiah
    • Balan Anandhi

  • What is the registered address of Vees Properties Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Vees Properties Limited is No.10, 2Nd Cross Street Raja Annamalaipuram India, Chennai, Tamil Nadu, 600028.

  • What is the corporate identification number (CIN) and company number of Vees Properties Limited?

    The corporate identification number (CIN) of Vees Properties Limited is U31909TN1974PLC006798 and the company number is 006798 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Vees Properties Limited?

    The Official website of Vees Properties Limited is https://www.kgsdevelopers.com

  • What has been the recent revenue trend for Vees Properties Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Vees Properties Limited has risen by 1211.85%.

  • What change has been observed in the net worth of Vees Properties Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Vees Properties Limited has experienced an upsurge of 0.01%.

  • What are the total open charges for Vees Properties Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Vees Properties Limited amount to ₹ 44.70 Cr.

  • When was the last Balance Sheet of Vees Properties Limited filed with the ROC?

    The most recent Balance Sheet for Vees Properties Limited was filed with the ROC on 31 Mar 2022.

Unlock Business Insights – Explore Instantly!

Search company & director profiles for free and gain access to critical business data.

  • 3.1M+ Companies
  • 15M+ Legal Cases
  • 525K+ Credit Ratings
  • 5.8M+ Directors & KMP
  • 750K+ Regulatory Alerts
  • 1.1M+ Companies' Financial Records
Start Free Trial

People also Viewed