Vel Castings Profile
Key Indicators
- Authorised Capital ₹ 21.96 Cr
- Paid Up Capital ₹ 21.81 Cr
- Company Age 11 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 79.08 Cr
- Satisfied Charges ₹ 33.77 Cr
- Revenue Growth 33.39%
- Profit Growth 107.07%
- Ebitda 45.84%
- Net Worth 127.95%
- Total Assets 76.35%
About Vel Castings
Vel Castings Private Limited (VCPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 16 September 2013 and has a history of 11 years and five months. Its registered office is in Vellore, Tamil Nadu, India.
The Company is engaged in the Manufacturing 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 21.96 Cr and a paid-up capital of Rs 21.81 Cr.
The company currently has active open charges totaling ₹79.08 Cr. The company has closed loans amounting to ₹33.77 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Vel Castings Private Limited India is Radhika Verma as COMPANY SECRETARY. Essaki Madhavan, Shanthi Madhavan, and Harsha Madhavan serve as directors at the Company.
Company Details
- Location
Vellore, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U27310TN2013PTC092992
- Company No.
092992
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
16 Sep 2013
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Who are the key members and board of directors at Vel Castings?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shanthi Madhavan  | Managing Director | 20-Mar-2017 | Current |
| Radhika Verma | Company Secretary | 04-Mar-2024 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Essaki Madhavan | Nominee Director | 16-Sep-2013 | Current |
| Harsha Madhavan | Whole-Time Director | 16-Sep-2013 | Current |
Financial Performance of Vel Castings.
Vel Castings Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 33.39% increase. The company also saw a substantial improvement in profitability, with a 107.07% increase in profit. The company's net worth Soared by an impressive increase of 127.95%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Vel Castings?
In 2022, Vel Castings had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Ntc Engineering Services Private LimitedEssaki Madhavan, Shanthi Madhavan and 1 more are mutual person
Jm Frictech India Private LimitedEssaki Madhavan and Shanthi Madhavan are mutual person
Samchon Fnb Private LimitedHarsha Madhavan is a mutual person
Charges (Loans)
₹79.08 Cr
₹33.77 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 50.82 Cr
- Others : 28.25 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Sep 2023 | Others | ₹25.00 Cr | Open |
| 16 Jun 2023 | Others | ₹1.84 M | Open |
| 20 Dec 2022 | Hdfc Bank Limited | ₹1.18 Cr | Open |
| 23 Nov 2021 | Hdfc Bank Limited | ₹1.86 M | Open |
| 07 Sep 2021 | Others | ₹9.63 M | Open |
How Many Employees Work at Vel Castings?
Vel Castings has a workforce of 188 employees as of Apr 09, 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 Vel Castings, 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 Vel Castings'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.
