Velocity Automobiles Pvt Ltd

Sells and services motorcycles ranging from 50 to 2500CC.

1990 | M.P., Madhya Pradesh (India) | Active
Last Updated:

Velocity Automobiles Profile

Key Indicators

  • Authorised Capital ₹ 3.00 M
  • Paid Up Capital ₹ 2.00 M
  • Company Age 34 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 33.00 Cr
  • Satisfied Charges ₹ 4.40 Cr
  • Revenue Growth 103.50%
  • Profit Growth 214.44%
  • Ebitda 196.59%
  • Net Worth 36.92%
  • Total Assets 129.88%

About Velocity Automobiles

Velocity Automobiles Pvt Ltd (VAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 25 July 1990 and has a history of 34 years and nine months. Its registered office is in M.P., Madhya Pradesh.

The Corporate was formerly known as Velocity Automobiles Limited. The Company is engaged in the Automotive 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 3.00 M and a paid-up capital of Rs 2.00 M.

The company currently has active open charges totaling ₹33.00 Cr. The company has closed loans amounting to ₹4.40 Cr, as per Ministry of Corporate Affairs (MCA) records.

Aishwarya Atray and Abhijeet Atray serve as directors at the Company.

Company Details

  • Location M.P., Madhya Pradesh
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U34103MP1990PTC005940

  • Company No.

    005940

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    25 Jul 1990

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Gwalior

Industry

Automotive
Company report

Velocity Automobiles Pvt Ltd

Explore comprehensive data for Velocity Automobiles Pvt Ltd, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Velocity Automobiles?

Board Members (2)

NameDesignationAppointment DateStatus
Aishwarya Atray Country flag representing In Director 11-Sep-2008Current
Abhijeet Atray Country flag representing In Director 25-Jul-1990Current

Financial Performance of Velocity Automobiles.

Velocity Automobiles Pvt Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 103.5% increase. The company also saw a substantial improvement in profitability, with a 214.44% increase in profit. The company's net worth Soared by an impressive increase of 36.92%.

Velocity Automobiles revenue growth over time
Velocity Automobiles profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
103.50%
Revenue from Operations
103.29%
Total Assets
129.88%
Profit or Loss
214.44%
Net Worth
36.92%
EBITDA
196.59%

What is the Ownership and Shareholding Structure of Velocity Automobiles?

In 2023, Velocity Automobiles had a promoter holding of 94.75% and a public holding of 5.25%. The company had 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹330.00 M

Satisfied Charges

₹44.00 M

Charges Breakdown by Lending Institutions

  • State Bank Of India : 18.00 Cr
  • Others : 15.00 Cr

Latest Charge Details

DateLenderAmountStatus
22 Nov 2022Others₹15.00 CrOpen
09 Jul 2021State Bank Of India₹18.00 CrOpen
20 Jan 2021Hdfc Bank Limited₹3.00 CrSatisfied
18 Sep 2010Hdfc Bank Limited₹3.00 MSatisfied
16 Sep 2008Indian Bank₹8.00 MSatisfied

How Many Employees Work at Velocity Automobiles?

Velocity Automobiles has a workforce of 122 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.

Employee growth trends for Velocity Automobiles Pvt Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Velocity Automobiles, 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 Velocity Automobiles's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Velocity Automobiles

Recent activity within the organization

  • Charges

    A charge with State Bank Of India of Rs. 180.00 M registered on 09 Jul 2021 with Charge ID 100473081 was modified on 31 May 2024.

  • Annual General Meeting

    Velocity Automobiles Pvt Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Charges

    A charge with Others of Rs. 150.00 M registered on 22 Nov 2022 with Charge ID 100652590 was modified on 31 Jul 2023.

  • Charges

    A charge registered on 18 Sep 2010 via Charge ID 10240986 with Hdfc Bank Limited was fully satisfied on 15 Jul 2023.

  • Charges

    A charge registered on 16 Sep 2008 via Charge ID 10125259 with Indian Bank was fully satisfied on 19 Jun 2023.

  • Charges

    A charge registered on 20 Jan 2021 via Charge ID 100412375 with Hdfc Bank Limited was fully satisfied on 14 Jun 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Velocity Automobiles Pvt Ltd?

    Velocity Automobiles Pvt Ltd was incorporated on 25 Jul 1990.

  • What is authorized share capital and paid-up capital of Velocity Automobiles Pvt Ltd?

    The authorized share capital of Velocity Automobiles Pvt Ltd is ₹ 3.00 M and paid-up capital is ₹ 2.00 M.

  • Who are the current board members & directors of Velocity Automobiles Pvt Ltd?

    Currently 2 directors are associated with Velocity Automobiles Pvt Ltd.

    • Aishwarya Abhijit Atray
    • Abhijeet Anantrao Atray

  • What is the registered address of Velocity Automobiles Pvt Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Velocity Automobiles Pvt Ltd is Sivaji Masrg No-1, Lashkar Gwalior India, M.P., Madhya Pradesh.

  • What is the corporate identification number (CIN) and company number of Velocity Automobiles Pvt Ltd?

    The corporate identification number (CIN) of Velocity Automobiles Pvt Ltd is U34103MP1990PTC005940 and the company number is 005940 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Velocity Automobiles Pvt Ltd?

    According to the financial reports for the fiscal year 2023, the revenue trend for Velocity Automobiles Pvt Ltd has risen by 103.50%.

  • How many employees does Velocity Automobiles Pvt Ltd currently have?

    As Per 2023 financial reports, 122 employees are currently employed by Velocity Automobiles Pvt Ltd.

  • What change has been observed in the net worth of Velocity Automobiles Pvt Ltd, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Velocity Automobiles Pvt Ltd has experienced an upsurge of 36.92%.

  • What are the total open charges for Velocity Automobiles Pvt Ltd?

    As per the financial statements for fiscal Year 2023, The total open charges for Velocity Automobiles Pvt Ltd amount to ₹ 33.00 Cr.

  • When was the last Balance Sheet of Velocity Automobiles Pvt Ltd filed with the ROC?

    The most recent Balance Sheet for Velocity Automobiles Pvt Ltd was filed with the ROC on 31 Mar 2023.

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