Vel Innovative Technologies Private Limited logo

Vel Innovative Technologies Private Limited

Manufactures induction heaters, SPMs, dust suppression systems, and provides induction hardening services.
2015 | Mumbai, Maharashtra (India) | Active

Last Updated:

July 18, 2024
HomeCompanyVel Innovative Technologies Private Limited

Who are the key members and board of directors at Vel Innovative Technologies?

Board Members(5)

NameDesignationAppointment DateStatus
Ponamlar Duraisamy In Director 26-Nov-2015Current
Ponvel Nadar In Director 26-Nov-2015Current
Ponrathnam Nadarajan In Director 26-Nov-2015Current
Porkodi Saundra In Director 26-Nov-2015Current
Visai Soundrapandian In Director 17-Apr-2021Current

Financial Performance of Vel Innovative Technologies.

Vel Innovative Technologies Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 91.17% increase. The company also saw a substantial improvement in profitability, with a 67.78% increase in profit. The company's net worth moved up by a moderate rise of 8.29%.

Revenue Growth Graph
Profit Loss Graph
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
91.17%
Revenue from Operations
91.96%
Total Assets
-7.47%
Profit or Loss
67.78%
Net Worth
8.29%
EBITDA
25.00%

Related Corporates (Common Directorship)

Charges (Loans)

Open Charges

₹15.00 M

LenderAmountStatus

State Bank Of India

Creation Date: 10 Dec 2018
₹1.50 CrOpen

How Many Employees Work at Vel Innovative Technologies?

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

Employee Graph

Deals i

Rating

Alerts

Latest Updates, News, and FAQs on Vel Innovative Technologies

Recent activity within the organization

  • Annual General Meeting

    Vel Innovative Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Vel Innovative Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Director Appointment

    Visai Soundrapandian was appointed as a Director was appointed as a Director on 17 Apr 2021 & has been associated with this company since 3 years 8 months .

    17 Apr 2021

  • Charges

    A charge with State Bank Of India amounted to Rs. 15.00 M with Charge ID 100223444 was registered on 10 Dec 2018.

    10 Dec 2018

  • Director Appointment

    Ponamlar Duraisamy was appointed as a Director was appointed as a Director on 26 Nov 2015 & has been associated with this company since 9 years 27 days .

    26 Nov 2015

  • Director Appointment

    Porkodi Pandian Saundra was appointed as a Director was appointed as a Director on 26 Nov 2015 & has been associated with this company since 9 years 27 days .

    26 Nov 2015

Frequently asked questions

  • Vel Innovative Technologies Private Limited was incorporated on 26 Nov 2015.

  • The authorized share capital of Vel Innovative Technologies Private Limited is ₹ 3.00 M and paid-up capital is ₹ 3.00 M.

  • Currently 5 directors are associated with Vel Innovative Technologies Private Limited.

    • Ponamlar Duraisamy
    • Ponvel Nadarajan Nadar
    • Ponrathnam Nadarajan
    • Porkodi Pandian Saundra
    • Visai Soundrapandian
  • As per Ministry of Corporate Affairs (Mca), the registered address of Vel Innovative Technologies Private Limited is 3A Majithia Industrial Estate Waman Tukaram Patil Marg Deonar, Mumbai, Maharashtra, India, 400088.

  • The corporate identification number (CIN) of Vel Innovative Technologies Private Limited is U29253MH2015PTC270499 and the company number is 270499 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Vel Innovative Technologies Private Limited is https://www.velengineering.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Vel Innovative Technologies Private Limited has risen by 91.17%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Vel Innovative Technologies Private Limited has experienced an upsurge of 8.29%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Vel Innovative Technologies Private Limited amount to ₹ 1.50 Cr.

  • The most recent Balance Sheet for Vel Innovative Technologies Private Limited was filed with the ROC on 31 Mar 2023.

Similar Companies Based on Industrial Machinery Manufacturing