Velavan Stores Silks Profile
Key Indicators
- Authorised Capital ₹ 9.00 Cr
as on 26-10-2024
- Paid Up Capital ₹ 5.40 Cr
as on 26-10-2024
- Company Age 4 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 41.23 Cr
as on 26-10-2024
- Satisfied Charges ₹ 51.57 Cr
as on 26-10-2024
- Revenue 29.91%
(FY 2023)
- Profit 22.78%
(FY 2023)
- Ebitda -17.66%
(FY 2023)
- Net Worth 74.70%
(FY 2023)
- Total Assets 10.27%
(FY 2023)
About Velavan Stores Silks
The Company is engaged in the Consumer Electronics & Durables 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 9.00 Cr and a paid-up capital of Rs 5.40 Cr.
The company currently has active open charges totaling ₹41.23 Cr. The company has closed loans amounting to ₹51.57 Cr, as per Ministry of Corporate Affairs (MCA) records.
Arumuga Thangavel, Maharajan, and Ananth serve as directors at the Company.
- CIN/LLPIN
U52320TN2020PTC136932
- Company No.
136932
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
06 Aug 2020
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Company Details
- Location
Tuticorin, Tamil Nadu, India
- Telephone
- Email Address
- Website
-
- Social Media-
Who are the key members and board of directors at Velavan Stores Silks?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Arumuga Thangavel  | Director | 17-Jan-2022 | Current |
| Maharajan | Director | 06-Aug-2020 | Current |
| Ananth | Director | 06-Aug-2020 | Current |
Financial Performance of Velavan Stores Silks.
Velavan Stores Silks Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 29.91% increase. The company also saw a substantial improvement in profitability, with a 22.78% increase in profit. The company's net worth Soared by an impressive increase of 74.7%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Velavan Stores Silks?
In 2023, Velavan Stores Silks had a promoter holding of 75.00% and a public holding of 25.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Velavan Stores Jewellers Private LimitedActive 4 years 7 monthsArumuga Thangavel, Maharajan and 1 more are mutual person
Velavan Hyper Market Private LimitedActive 4 years 4 monthsArumuga Thangavel, Maharajan and 1 more are mutual person
Charges (Loans)
₹41.23 Cr
₹51.57 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 41.23 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jul 2022 | Hdfc Bank Limited | ₹2.33 M | Open |
| 12 Feb 2022 | Hdfc Bank Limited | ₹41.00 Cr | Open |
| 07 Jan 2021 | Others | ₹51.57 Cr | Satisfied |
How Many Employees Work at Velavan Stores Silks?
Velavan Stores Silks has a workforce of 222 employees as of Apr 06, 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 Velavan Stores Silks, 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 Velavan Stores Silks'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.