Velocity Automotives Private Limited

Provides vehicle trading, maintenance, repair, and fuel sales services for various types of automobiles.

2010 | Ambala, Haryana (India) | Active
Last Updated:

Velocity Automotives Profile

Key Indicators

  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 2.12 M
  • Company Age 14 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 49.54 Cr
  • Satisfied Charges ₹ 59.74 Cr
  • Revenue Growth 0.56%
  • Profit Growth -14.78%
  • Ebitda 6.47%
  • Net Worth 10.35%
  • Total Assets -7.56%

About Velocity Automotives

Velocity Automotives Private Limited (VAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 03 December 2010 and has a history of 14 years and four months. Its registered office is in Ambala, Haryana, India.

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 Cr and a paid-up capital of Rs 2.12 M.

The company currently has active open charges totaling ₹49.54 Cr. The company has closed loans amounting to ₹59.74 Cr, as per Ministry of Corporate Affairs (MCA) records.

Naresh Kumar, Ramesh Kumar, Tarsem Goel, and One other member serve as directors at the Company.

Company Details

  • Location

    Ambala, Haryana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U50401HR2010PTC068529

  • Company No.

    068529

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    03 Dec 2010

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Automotive
Company report

Velocity Automotives Private Limited

Explore comprehensive data for Velocity Automotives Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Board Members (4)

NameDesignationAppointment DateStatus
Naresh Kumar Country flag representing In Director 29-Mar-2017Current
Ramesh Kumar Country flag representing In Director 29-Mar-2017Current
Tarsem Goel Country flag representing In Director 12-Feb-2018Current
Aditya Goyal Country flag representing In Director 02-Aug-2019Current

Financial Performance of Velocity Automotives.

Velocity Automotives Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 0.56% increase. The company also saw a substantial fall in profitability, with a 14.78% decrease in profit. The company's net worth Soared by an impressive increase of 10.35%.

Velocity Automotives revenue growth over time
Velocity Automotives 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
0.56%
Revenue from Operations
0.72%
Total Assets
-7.56%
Profit or Loss
-14.78%
Net Worth
10.35%
EBITDA
6.47%

What is the Ownership and Shareholding Structure of Velocity Automotives?

In 2023, Velocity Automotives had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹49.54 Cr

Satisfied Charges

₹59.74 Cr

Charges Breakdown by Lending Institutions

  • Others : 49.54 Cr

Latest Charge Details

DateLenderAmountStatus
16 Dec 2023Others₹9.80 MOpen
21 Oct 2023Others₹4.02 CrOpen
10 Oct 2023Others₹3.02 CrOpen
10 Oct 2023Others₹9.80 MOpen
07 Oct 2023Others₹1.00 CrOpen

How Many Employees Work at Velocity Automotives?

Velocity Automotives has a workforce of 12 employees as of Apr 07, 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 Automotives Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Velocity Automotives, 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 Automotives'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 Automotives

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 0.98 Cr with Charge ID 100872460 was registered on 16 Dec 2023.

  • Charges

    A charge with Others amounted to Rs. 4.02 Cr with Charge ID 100830243 was registered on 21 Oct 2023.

  • Charges

    A charge with Others amounted to Rs. 3.02 Cr with Charge ID 100805978 was registered on 10 Oct 2023.

  • Charges

    A charge with Others amounted to Rs. 0.98 Cr with Charge ID 100805983 was registered on 10 Oct 2023.

  • Charges

    A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100811654 was registered on 07 Oct 2023.

  • Charges

    A charge with Others amounted to Rs. 4.00 Cr with Charge ID 100811657 was registered on 07 Oct 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Velocity Automotives Private Limited?

    Velocity Automotives Private Limited was incorporated on 03 Dec 2010.

  • What is authorized share capital and paid-up capital of Velocity Automotives Private Limited?

    The authorized share capital of Velocity Automotives Private Limited is ₹ 3.00 Cr and paid-up capital is ₹ 2.12 M.

  • Who are the current board members & directors of Velocity Automotives Private Limited?

    Currently 4 directors are associated with Velocity Automotives Private Limited.

    • Naresh Kumar
    • Ramesh Kumar
    • Tarsem Kumar Goel
    • Aditya Goyal

  • What is the registered address of Velocity Automotives Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Velocity Automotives Private Limited is Nh-1 Near Jandli Bridge, Adjoining Maruti Showroom India, Ambala City, Haryana, 133001.

  • What is the corporate identification number (CIN) and company number of Velocity Automotives Private Limited?

    The corporate identification number (CIN) of Velocity Automotives Private Limited is U50401HR2010PTC068529 and the company number is 068529 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Velocity Automotives Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Velocity Automotives Private Limited has risen by 0.56%.

  • How many employees does Velocity Automotives Private Limited currently have?

    As Per 2023 financial reports, 12 employees are currently employed by Velocity Automotives Private Limited.

  • What change has been observed in the net worth of Velocity Automotives Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Velocity Automotives Private Limited has experienced an upsurge of 10.35%.

  • What are the total open charges for Velocity Automotives Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Velocity Automotives Private Limited amount to ₹ 49.54 Cr.

  • When was the last Balance Sheet of Velocity Automotives Private Limited filed with the ROC?

    The most recent Balance Sheet for Velocity Automotives Private Limited was filed with the ROC on 31 Mar 2023.

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