Velatal Industries Private Limited

Velatal Industries Private Limited

Manufactures viscose yarn and operates windmills in Tamil Nadu.
1981 | Namakkal, Tamil Nadu (India) | Active

Last Updated:

November 16, 2024
HomeCompanyVelatal Industries Private Limited

Who are the key members and board of directors at Velatal Industries?

Executive Team (2)

NameDesignationAppointment DateStatus
Hariprasath Selvaraj InManaging Director12-Nov-2012Current
Palanisamy Selvaraj InManaging Director08-May-1981Current

Board Members(1)

NameDesignationAppointment DateStatus
Sudha Selvaraj In Director 30-Sep-1997Current

Financial Performance of Velatal Industries.

Velatal Industries Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 9% decrease. The company also saw a substantial improvement in profitability, with a 44.9% increase in profit. The company's net worth Soared by an impressive increase of 12.75%.

Revenue Growth Graph
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  • 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
-9.00%
Revenue from Operations
-11.99%
Total Assets
15.54%
Profit or Loss
44.90%
Net Worth
12.75%
EBITDA
12.61%

Related Corporates (Common Directorship)

Charges (Loans)

Open Charges Satisfied Charges

₹91.27 Cr

₹65.24 Cr

LenderAmountStatus

Axis Bank Limited

Creation Date: 27 Jan 2020
₹91.27 CrOpen

Bank Of India

Creation Date: 05 Oct 1998
₹8.00 MSatisfied

Bank Of India

Creation Date: 06 Dec 1990
₹1.00 MSatisfied

How Many Employees Work at Velatal Industries?

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

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Latest Updates, News, and FAQs on Velatal Industries

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited of Rs. 91.27 Cr registered on 27 Jan 2020 with Charge ID 100324698 was modified on 12 Feb 2024.

    12 Feb 2024

  • Annual General Meeting

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

    30 Sep 2023

  • Balance Sheet

    Velatal Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

    31 Mar 2023

  • Charges

    A charge registered on 05 Oct 1998 via Charge ID 90000886 with Bank Of India was fully satisfied on 04 Mar 2020.

    04 Mar 2020

  • Charges

    A charge registered on 06 Dec 1990 via Charge ID 90000253 with Bank Of India was fully satisfied on 04 Mar 2020.

    04 Mar 2020

  • Charges

    A charge registered on 24 Jan 1983 via Charge ID 90000076 with Bank Of India was fully satisfied on 04 Mar 2020.

    04 Mar 2020

Frequently asked questions

  • Velatal Industries Private Limited was incorporated on 08 May 1981.

  • The authorized share capital of Velatal Industries Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.95 Cr.

  • Currently 3 directors are associated with Velatal Industries Private Limited.

    • Palanisamy Selvaraj
    • Hariprasath Selvaraj
    • Sudha Selvaraj
  • As per Ministry of Corporate Affairs (Mca), the registered address of Velatal Industries Private Limited is 115Tiruchengode Road Pallipalayam India, Erode, Tamil Nadu, 638006.

  • The corporate identification number (CIN) of Velatal Industries Private Limited is U17111TZ1981PTC001053 and the company number is 001053 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Velatal Industries Private Limited has fallen by -9.00%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Velatal Industries Private Limited has experienced an upsurge of 12.75%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Velatal Industries Private Limited amount to ₹ 91.27 Cr.

  • The most recent Balance Sheet for Velatal Industries Private Limited was filed with the ROC on 31 Mar 2023.

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