Velocity Automobiles Profile
Key Indicators
- Authorised Capital ₹ 3.00 M
- Paid Up Capital ₹ 2.00 M
- Company Age 34 Year, 6 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 six 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
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Telephone
+91-XXXXXXXXXX
- Email Address
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Website
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Social Media
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Corporate Identity Details
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CIN/LLPIN
U34103MP1990PTC005940
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Company No.
005940
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
25 Jul 1990
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Gwalior
Industry
Who are the key members and board of directors at Velocity Automobiles?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Aishwarya Atray
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Director | 11-Sep-2008 | Current |
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Abhijeet Atray
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Director | 25-Jul-1990 | Current |
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%.
- Key Matrics
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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.
Related Corporates (Common Directorship)
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Shree Tulja Bhavani Automobiles Private LimitedAishwarya Atray and Abhijeet Atray are mutual person
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Shree Mahalakshmi Automobiles Private LimitedAishwarya Atray and Abhijeet Atray are mutual person
Charges (Loans)
₹330.00 M
₹44.00 M
Charges Breakdown by Lending Institutions
- State Bank Of India : 18.00 Cr
- Others : 15.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Nov 2022 | Others | ₹15.00 Cr | Open |
| 09 Jul 2021 | State Bank Of India | ₹18.00 Cr | Open |
| 20 Jan 2021 | Hdfc Bank Limited | ₹3.00 Cr | Satisfied |
| 18 Sep 2010 | Hdfc Bank Limited | ₹3.00 M | Satisfied |
| 16 Sep 2008 | Indian Bank | ₹8.00 M | Satisfied |
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.
Deals i
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
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.
