Velatal Industries Private Limited
Manufactures viscose yarn and operates windmills in Tamil Nadu.
1981 | Namakkal, Tamil Nadu (India) | Active
Velatal Industries Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 1.95 Cr
- Company Age 44 Year, 2 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 91.27 Cr
- Satisfied Charges ₹ 65.24 Cr
- Revenue Growth -9.00%
- Profit Growth 44.90%
- Ebitda 12.61%
- Net Worth 12.75%
- Total Assets 15.54%
About Velatal Industries
Velatal Industries Private Limited (VIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 08 May 1981 and has a history of 44 years. Its registered office is in Namakkal, Tamil Nadu, India.
The Corporate was formerly known as Velatal Spinning Mills Private Limited. The Company is engaged in the Environment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 1.95 Cr.
The company currently has active open charges totaling ₹91.27 Cr. The company has closed loans amounting to ₹65.24 Cr, as per Ministry of Corporate Affairs (MCA) records.
Palanisamy Selvaraj, Hariprasath Selvaraj, and Sudha Selvaraj serve as directors at the Company.
Company Details
- Location
Namakkal, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17111TZ1981PTC001053
- Company No.
001053
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
08 May 1981
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Environment
Manufacturing
Velatal Industries Private Limited
Explore comprehensive data for Velatal Industries Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Velatal Industries?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Hariprasath Selvaraj  | Managing Director | 12-Nov-2012 | Current |
| Palanisamy Selvaraj | Managing Director | 08-May-1981 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sudha Selvaraj | Director | 30-Sep-1997 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Velatal Industries?
In 2023, Velatal Industries had a promoter holding of 65.11% and a public holding of 34.89%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Rajave Textiles Private Limited
Palanisamy Selvaraj is a mutual person
- Velatal Wind Farms Private Limited
Palanisamy Selvaraj and Hariprasath Selvaraj are mutual person
- Palanisamy Charitable Foundation
Palanisamy Selvaraj and Hariprasath Selvaraj are mutual person
Charges (Loans)
Open Charges
₹91.27 Cr
Satisfied Charges
₹65.24 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 91.27 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jan 2020 | Axis Bank Limited | ₹91.27 Cr | Open |
| 05 Oct 1998 | Bank Of India | ₹8.00 M | Satisfied |
| 06 Dec 1990 | Bank Of India | ₹1.00 M | Satisfied |
| 24 Jan 1983 | Bank Of India | ₹1.00 M | Satisfied |
| 21 Jan 1983 | Bank Of India | ₹64.24 Cr | Satisfied |
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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Velatal Industries, 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 Velatal Industries'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.
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.
- Annual General Meeting
Velatal Industries Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Velatal Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.
- Charges
A charge registered on 05 Oct 1998 via Charge ID 90000886 with Bank Of India was fully satisfied on 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.
- Charges
A charge registered on 24 Jan 1983 via Charge ID 90000076 with Bank Of India was fully satisfied on 04 Mar 2020.
Frequently asked questions
What is the Incorporation or founding date of Velatal Industries Private Limited?
Velatal Industries Private Limited was incorporated on 08 May 1981.
What is authorized share capital and paid-up capital of Velatal Industries Private Limited?
The authorized share capital of Velatal Industries Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.95 Cr.
Who are the current board members & directors of Velatal Industries Private Limited?
Currently 3 directors are associated with Velatal Industries Private Limited.
- Palanisamy Selvaraj
- Hariprasath Selvaraj
- Sudha Selvaraj
What is the registered address of Velatal Industries Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Velatal Industries Private Limited is 115Tiruchengode Road Pallipalayam India, Erode, Tamil Nadu, 638006.
What is the corporate identification number (CIN) and company number of Velatal Industries Private Limited?
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).
What has been the recent revenue trend for Velatal Industries Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Velatal Industries Private Limited has fallen by -9.00%.
What change has been observed in the net worth of Velatal Industries Private Limited, and by what percentage?
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%.
What are the total open charges for Velatal Industries Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Velatal Industries Private Limited amount to ₹ 91.27 Cr.
When was the last Balance Sheet of Velatal Industries Private Limited filed with the ROC?
The most recent Balance Sheet for Velatal Industries Private Limited was filed with the ROC on 31 Mar 2023.
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