Velan Salt Profile
Key Indicators
- Authorised Capital ₹ 1.00 M
as on 17-11-2024
- Paid Up Capital ₹ 1.00 M
as on 17-11-2024
- Company Age 5 Year, 18 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 10.12 Cr
as on 17-11-2024
- Satisfied Charges ₹ 4.25 Cr
as on 17-11-2024
- Revenue 45.81%
(FY 2023)
- Profit -1.39%
(FY 2023)
- Ebitda 26.85%
(FY 2023)
- Net Worth 67.38%
(FY 2023)
- Total Assets 98.22%
(FY 2023)
About Velan Salt
The Company is engaged in the Food And Beverages 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 1.00 M and a paid-up capital of Rs 1.00 M.
The company currently has active open charges totaling ₹10.12 Cr. The company has closed loans amounting to ₹4.25 Cr, as per Ministry of Corporate Affairs (MCA) records.
Maharajan, Varathan Soundaraj, and Soundararaj Thanesh serve as directors at the Company.
- CIN/LLPIN
U24119TN2020PTC133657
- Company No.
133657
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
07 Jan 2020
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Company Details
- Location
Tuticorin, Tamil Nadu, India
- Telephone
- Email Address
- Website
-
- Social Media-
What products or services does Velan Salt Private Limited offer?
Velan Salt Private Limited offers a wide range of products and services, including Edible Salt, Crystal Salt, Sea Salt.
Who are the key members and board of directors at Velan Salt?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Maharajan  | Director | 07-Jan-2020 | Current |
| Varathan Soundaraj | Director | 07-Jan-2020 | Current |
| Soundararaj Thanesh | Director | 07-Jan-2020 | Current |
Financial Performance of Velan Salt.
Velan Salt Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 45.81% increase. The company also saw a slight decrease in profitability, with a 1.39% decrease in profit. The company's net worth Soared by an impressive increase of 67.38%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Velan Salt?
In 2023, Velan Salt 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)
Shunmuga Salt Private LimitedActive 5 years 2 monthsMaharajan and Varathan Soundaraj are mutual person
Charges (Loans)
₹101.16 M
₹42.50 M
Charges Breakdown by Lending Institutions
- Tamilnad Mercantile Bank Limited : 10.00 Cr
- Hdfc Bank Limited : 0.12 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 May 2022 | Tamilnad Mercantile Bank Limited | ₹10.00 Cr | Open |
| 06 Sep 2021 | Hdfc Bank Limited | ₹1.16 M | Open |
| 19 Jan 2022 | State Bank Of India | ₹4.25 Cr | Satisfied |
How Many Employees Work at Velan Salt?
Velan Salt has a workforce of 9 employees as of Apr 08, 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 Velan Salt, 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 Velan Salt'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.